GRG Metrology & Test Group Future Growth

Future criteria checks 3/6

GRG Metrology & Test Group is forecast to grow earnings and revenue by 26.1% and 12.9% per annum respectively. EPS is expected to grow by 25% per annum. Return on equity is forecast to be 9.8% in 3 years.

Key information

26.1%

Earnings growth rate

25.0%

EPS growth rate

Professional Services earnings growth	25.9%
Revenue growth rate	12.9%
Future return on equity	9.8%
Analyst coverage	Low
Last updated	22 Aug 2024

Recent future growth updates

Recent updates

GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

Jul 12

GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing

Jun 21

Is Now The Time To Look At Buying GRG Metrology & Test Group Co., Ltd. (SZSE:002967)?

May 25

GRG Metrology & Test Group (SZSE:002967) Is Due To Pay A Dividend Of CN¥0.15

May 24

GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Apr 04

News Flash: 3 Analysts Think GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Earnings Are Under Threat

Apr 02

We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Mar 19

Market Participants Recognise GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Earnings

Feb 26

Earnings and Revenue Growth Forecasts

SZSE:002967 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,163	446	132	741	3
12/31/2025	3,717	372	-126	585	3
12/31/2024	3,286	296	207	607	3
6/30/2024	3,002	219	-180	682	N/A
3/31/2024	2,932	203	-107	609	N/A
12/31/2023	2,889	199	54	647	N/A
9/30/2023	2,907	242	46	636	N/A
6/30/2023	2,840	225	-17	596	N/A
3/31/2023	2,788	261	89	660	N/A
1/1/2023	2,604	184	-55	549	N/A
9/30/2022	2,513	214	-8	584	N/A
6/30/2022	2,417	220	42	539	N/A
3/31/2022	2,300	175	-55	490	N/A
1/1/2022	2,247	182	44	499	N/A
9/30/2021	2,199	199	-38	397	N/A
6/30/2021	2,092	266	55	457	N/A
3/31/2021	1,975	278	95	448	N/A
12/31/2020	1,840	235	57	420	N/A
9/30/2020	1,626	178	-21	315	N/A
6/30/2020	1,544	90	-168	215	N/A
3/31/2020	1,512	86	-246	159	N/A
12/31/2019	1,588	169	-252	170	N/A
9/30/2019	1,469	133	-301	153	N/A
6/30/2019	1,406	126	-326	128	N/A
3/31/2019	1,339	126	-357	106	N/A
12/31/2018	1,228	122	-289	136	N/A
9/30/2018	1,032	105	-336	42	N/A
6/30/2018	994	117	-247	101	N/A
3/31/2018	895	70	N/A	98	N/A
12/31/2017	837	107	N/A	111	N/A
9/30/2017	739	85	N/A	84	N/A
6/30/2017	651	65	N/A	58	N/A
3/31/2017	603	64	N/A	67	N/A
12/31/2016	565	64	N/A	77	N/A
9/30/2016	517	56	N/A	82	N/A
6/30/2016	470	49	N/A	87	N/A
3/31/2016	441	45	N/A	81	N/A
12/31/2015	413	42	N/A	75	N/A
9/30/2015	389	37	N/A	51	N/A
6/30/2015	336	32	N/A	9	N/A
3/31/2015	308	28	N/A	22	N/A
12/31/2014	280	25	N/A	34	N/A
12/31/2013	204	9	N/A	42	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002967's forecast earnings growth (26.1% per year) is above the savings rate (2.9%).

Earnings vs Market: 002967's earnings (26.1% per year) are forecast to grow faster than the CN market (21.8% per year).

High Growth Earnings: 002967's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002967's revenue (12.9% per year) is forecast to grow slower than the CN market (13.4% per year).

High Growth Revenue: 002967's revenue (12.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002967's Return on Equity is forecast to be low in 3 years time (9.8%).

GRG Metrology & Test Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 12% to CN¥16.06

Consensus revenue estimates fall by 14%

Price target increased by 8.7% to CN¥16.97

Consensus EPS estimates fall by 10%

Price target decreased to CN¥19.48

Consensus EPS estimates fall by 11%

Recent updates

Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.099 in 2Q 2023)

GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

Price target decreased by 12% to CN¥16.06

GRG Metrology & Test Group Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024

GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing

Is Now The Time To Look At Buying GRG Metrology & Test Group Co., Ltd. (SZSE:002967)?

GRG Metrology & Test Group (SZSE:002967) Is Due To Pay A Dividend Of CN¥0.15

Dividend of CN¥0.15 announced

New minor risk - Share price stability

GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Consensus revenue estimates fall by 14%

News Flash: 3 Analysts Think GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Earnings Are Under Threat

GRG Metrology & Test Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

GRG Metrology & Test Group Co., Ltd., Annual General Meeting, Apr 18, 2024

We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Investor sentiment improves as stock rises 18%

Market Participants Recognise GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Earnings

Investor sentiment deteriorates as stock falls 19%

GRG Metrology & Test Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024

GRG Metrology & Test Group Co., Ltd.(SZSE:002967) dropped from Shenzhen Stock Exchange Component Index

Price target increased by 8.7% to CN¥16.97

Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 3Q 2022)

Second quarter 2023 earnings released: EPS: CN¥0.099 (vs CN¥0.14 in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Grg Metrology & Test Group Co., Ltd. Announces Cash Dividend for 2022, Payable on 23 May 2023

First quarter 2023 earnings released: CN¥0.005 loss per share (vs CN¥0.14 loss in 1Q 2022)

Consensus EPS estimates fall by 10%

Guang Zhou GRG Metrology & Test Co., Ltd. Approves Management Elections

Price target decreased to CN¥19.48

Consensus EPS estimates fall by 11%

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.096 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 2Q 2021)

Investor sentiment improved over the past week

Guang Zhou GRG Metrology & Test Co., Ltd. (SZSE:002967) agreed to acquire a 70% stake in Shenzhen Bolinda Technology Co., Ltd from Chen Lan, Wang Rulin and Wang Shizhao for approximately CNY 100 million.

Investor sentiment improved over the past week

Guang Zhou Grg Metrology & Test Co., Ltd. Announces Final Cash Dividend for the Year 2021, Payable on 13 May 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to CN¥20.24

Insufficient new directors

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS and revenues miss analyst expectations

Guang Zhou GRG Metrology & Test Co., Ltd., Annual General Meeting, Apr 25, 2022

Guang Zhou GRG Metrology & Test Co., Ltd. Proposes Final Cash Dividend for the Year 2021

Third quarter 2021 earnings released: EPS CN¥0.096 (vs CN¥0.24 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.13 in 2Q 2020)

Price target increased to CN¥47.58

Guang Zhou GRG Metrology & Test Co., Ltd. announced that it has received CNY 1.499999995 billion in funding from a group of investors

First quarter 2021 earnings released: CN¥0.14 loss per share (vs CN¥0.22 loss in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.44 (vs CN¥0.41 in FY 2019)

Guang Zhou GRG Metrology & Test Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021

New 90-day high: CN¥38.88

Price target raised to CN¥40.26

New 90-day high: CN¥34.10

Guang Zhou GRG Metrology & Test Co., Ltd. Elects Directors

New 90-day low: CN¥27.61

Third quarter earnings released

Guang Zhou GRG Metrology & Test Co., Ltd. (SZSE:002967) and GRG Metrology & Test (Tianjin) Co., Ltd. intended to acquire an additional 35% stake in Zhongan Guangyuan Testing and Evaluation Technology Service Co., Ltd. from group of sellers for approximately CNY 140 million.

Guang Zhou GRG Metrology & Test Co., Ltd. announced that it expects to receive CNY 1.5 billion in funding

Analysts lower EPS estimates to CN¥0.41

First half earnings released

New 90-day high - CN¥31.30

Guang Zhou GRG Metrology & Test Co., Ltd. to Report First Half, 2020 Results on Aug 13, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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