Shanghai M&G Stationery Future Growth

Future criteria checks 1/6

Shanghai M&G Stationery is forecast to grow earnings and revenue by 16.3% and 13.6% per annum respectively. EPS is expected to grow by 17% per annum. Return on equity is forecast to be 18.8% in 3 years.

Key information

16.3%

Earnings growth rate

17.0%

EPS growth rate

Commercial Services earnings growth	37.1%
Revenue growth rate	13.6%
Future return on equity	18.8%
Analyst coverage	Good
Last updated	19 Nov 2024

Recent future growth updates

Recent updates

Shanghai M&G Stationery's (SHSE:603899) Earnings Offer More Than Meets The Eye

Nov 05

Returns On Capital Signal Tricky Times Ahead For Shanghai M&G Stationery (SHSE:603899)

Oct 18

Shanghai M&G Stationery Inc. (SHSE:603899) Shares Fly 32% But Investors Aren't Buying For Growth

Oct 01

We Think Shanghai M&G Stationery (SHSE:603899) Can Manage Its Debt With Ease

Sep 16

Shanghai M&G Stationery Inc. (SHSE:603899) Shares Could Be 46% Below Their Intrinsic Value Estimate

Aug 03

Lacklustre Performance Is Driving Shanghai M&G Stationery Inc.'s (SHSE:603899) Low P/E

Jun 25

Shanghai M&G Stationery (SHSE:603899) Has A Rock Solid Balance Sheet

Jun 07

An Intrinsic Calculation For Shanghai M&G Stationery Inc. (SHSE:603899) Suggests It's 27% Undervalued

Apr 24

Statutory Profit Doesn't Reflect How Good Shanghai M&G Stationery's (SHSE:603899) Earnings Are

Apr 05

Earnings Working Against Shanghai M&G Stationery Inc.'s (SHSE:603899) Share Price

Feb 28

Earnings and Revenue Growth Forecasts

SHSE:603899 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	33,263	2,079	2,024	2,495	12
12/31/2025	29,229	1,804	1,818	2,259	14
12/31/2024	25,498	1,512	1,476	1,783	10
9/30/2024	24,606	1,454	2,394	2,690	N/A
6/30/2024	24,442	1,555	2,412	2,674	N/A
3/31/2024	23,955	1,573	2,312	2,549	N/A
12/31/2023	23,351	1,527	2,408	2,617	N/A
9/30/2023	22,126	1,441	1,597	1,763	N/A
6/30/2023	21,524	1,358	1,624	1,791	N/A
3/31/2023	20,649	1,340	1,331	1,483	N/A
12/31/2022	19,996	1,282	1,189	1,352	N/A
9/30/2022	19,185	1,336	1,331	1,512	N/A
6/30/2022	18,355	1,380	1,211	1,439	N/A
3/31/2022	18,024	1,465	1,054	1,401	N/A
12/31/2021	17,607	1,518	1,179	1,561	N/A
9/30/2021	16,752	1,460	834	1,363	N/A
6/30/2021	16,063	1,457	1,014	1,505	N/A
3/31/2021	14,866	1,353	1,309	1,695	N/A
12/31/2020	13,138	1,255	948	1,272	N/A
9/30/2020	11,732	1,171	1,020	1,298	N/A
6/30/2020	11,064	1,053	668	961	N/A
3/31/2020	10,869	1,032	439	724	N/A
12/31/2019	11,141	1,060	704	1,082	N/A
9/30/2019	10,359	984	765	1,014	N/A
6/30/2019	9,587	903	669	911	N/A
3/31/2019	9,050	861	596	965	N/A
12/31/2018	8,535	807	510	828	N/A
9/30/2018	7,988	768	456	835	N/A
6/30/2018	7,358	720	N/A	697	N/A
3/31/2018	6,785	673	N/A	550	N/A
12/31/2017	6,357	634	N/A	717	N/A
9/30/2017	5,703	588	N/A	659	N/A
6/30/2017	5,268	531	N/A	650	N/A
3/31/2017	4,942	513	N/A	668	N/A
12/31/2016	4,662	493	N/A	682	N/A
9/30/2016	4,330	493	N/A	601	N/A
6/30/2016	4,081	466	N/A	451	N/A
3/31/2016	3,940	459	N/A	460	N/A
12/31/2015	3,749	423	N/A	497	N/A
9/30/2015	3,570	392	N/A	345	N/A
6/30/2015	3,399	366	N/A	421	N/A
3/31/2015	3,229	362	N/A	338	N/A
12/31/2014	3,043	340	N/A	343	N/A
12/31/2013	2,360	280	N/A	219	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603899's forecast earnings growth (16.3% per year) is above the savings rate (2.8%).

Earnings vs Market: 603899's earnings (16.3% per year) are forecast to grow slower than the CN market (26.1% per year).

High Growth Earnings: 603899's earnings are forecast to grow, but not significantly.

Revenue vs Market: 603899's revenue (13.6% per year) is forecast to grow slower than the CN market (13.9% per year).

High Growth Revenue: 603899's revenue (13.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 603899's Return on Equity is forecast to be low in 3 years time (18.8%).

Shanghai M&G Stationery Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 7.1% to CN¥39.14

Price target decreased by 7.5% to CN¥45.99

Price target decreased by 8.4% to CN¥54.54

Price target decreased to CN¥58.86

Price target decreased to CN¥58.86

Consensus EPS estimates fall by 11%

Recent updates

Shanghai M&G Stationery's (SHSE:603899) Earnings Offer More Than Meets The Eye

Price target decreased by 7.1% to CN¥39.14

Third quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.53 in 3Q 2023)

Returns On Capital Signal Tricky Times Ahead For Shanghai M&G Stationery (SHSE:603899)

Investor sentiment deteriorates as stock falls 16%

Shanghai M&G Stationery Inc. (SHSE:603899) Shares Fly 32% But Investors Aren't Buying For Growth

Shanghai M&G Stationery Inc. to Report Q3, 2024 Results on Oct 30, 2024

Investor sentiment improves as stock rises 25%

We Think Shanghai M&G Stationery (SHSE:603899) Can Manage Its Debt With Ease

Price target decreased by 7.5% to CN¥45.99

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Shanghai M&G Stationery Inc. (SHSE:603899) announces an Equity Buyback for CNY 300 million worth of its shares.

Shanghai M&G Stationery Inc. (SHSE:603899) Shares Could Be 46% Below Their Intrinsic Value Estimate

Shanghai M&G Stationery Inc. to Report First Half, 2024 Results on Aug 28, 2024

Lacklustre Performance Is Driving Shanghai M&G Stationery Inc.'s (SHSE:603899) Low P/E

Shanghai M&G Stationery (SHSE:603899) Has A Rock Solid Balance Sheet

Now 23% undervalued

Dividend of CN¥0.80 announced

Now 21% undervalued

First quarter 2024 earnings: EPS in line with expectations, revenues disappoint

An Intrinsic Calculation For Shanghai M&G Stationery Inc. (SHSE:603899) Suggests It's 27% Undervalued

Statutory Profit Doesn't Reflect How Good Shanghai M&G Stationery's (SHSE:603899) Earnings Are

Full year 2023 earnings: EPS and revenues miss analyst expectations

Shanghai M&G Stationery Inc., Annual General Meeting, Apr 23, 2024

Shanghai M&G Stationery Inc. to Report Q1, 2024 Results on Apr 27, 2024

Earnings Working Against Shanghai M&G Stationery Inc.'s (SHSE:603899) Share Price

Now 23% undervalued after recent price drop

Shanghai M&G Stationery Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 8.4% to CN¥54.54

Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.27 in 2Q 2022)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS misses analyst expectations

Investor sentiment improved over the past week

Price target decreased to CN¥58.86

Less than half of directors are independent

Price target decreased to CN¥58.86

Investor sentiment improved over the past week

Consensus EPS estimates fall by 11%

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.37 in 2Q 2021)

Upcoming dividend of CN¥0.60 per share

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Second quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.25 in 2Q 2020)

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.25 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥1.36 (vs CN¥1.15 in FY 2019)

Shanghai M&G Stationery Inc. to Report Fiscal Year 2020 Results on Mar 30, 2021

New 90-day low: CN¥75.22

Investor sentiment deteriorated over the past week

New 90-day high: CN¥98.00

New 90-day high: CN¥95.32

New 90-day high: CN¥86.73

Price target raised to CN¥81.69

Shanghai M&G Stationery Inc. (SHSE:603899) acquired Peleg Design Ltd.

Price target raised to CN¥78.83

New 90-day high: CN¥82.27

Third quarter earnings released

New 90-day high: CN¥73.48

New 90-day high - CN¥71.27

Price target raised to CN¥68.20

Earnings released

Price target raised to CN¥63.95

Shanghai M&G Stationery Inc. to Report First Half, 2020 Results on Aug 22, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts