Zhejiang Meida Industrial Future Growth

Future criteria checks 4/6

Zhejiang Meida Industrial is forecast to grow earnings and revenue by 31.4% and 16.3% per annum respectively. EPS is expected to grow by 30.5% per annum. Return on equity is forecast to be 19.1% in 3 years.

Key information

31.4%

Earnings growth rate

30.5%

EPS growth rate

Consumer Durables earnings growth	13.9%
Revenue growth rate	16.3%
Future return on equity	19.1%
Analyst coverage	Good
Last updated	31 Oct 2024

Recent future growth updates

Recent updates

Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 04

There's No Escaping Zhejiang Meida Industrial Co., Ltd.'s (SZSE:002677) Muted Earnings

Oct 14

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Shares Could Be 48% Below Their Intrinsic Value Estimate

Sep 26

The Consensus EPS Estimates For Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Just Fell Dramatically

Sep 08

Here's What's Concerning About Zhejiang Meida Industrial's (SZSE:002677) Returns On Capital

Jul 16

Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

May 23

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Apr 25

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Apr 23

Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Apr 04

Earnings and Revenue Growth Forecasts

SZSE:002677 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,434	368	493	385	5
12/31/2025	1,421	359	440	468	6
12/31/2024	962	148	418	49	3
9/30/2024	1,065	207	130	138	N/A
6/30/2024	1,359	344	298	306	N/A
3/31/2024	1,607	441	476	482	N/A
12/31/2023	1,673	464	572	583	N/A
9/30/2023	1,698	443	505	517	N/A
6/30/2023	1,774	440	495	506	N/A
3/31/2023	1,759	431	397	413	N/A
1/1/2023	1,834	452	344	370	N/A
9/30/2022	2,028	586	456	492	N/A
6/30/2022	2,087	641	510	553	N/A
3/31/2022	2,208	686	631	673	N/A
1/1/2022	2,164	665	555	619	N/A
9/30/2021	2,128	659	631	679	N/A
6/30/2021	2,034	627	624	685	N/A
3/31/2021	2,027	624	693	767	N/A
12/31/2020	1,771	544	564	634	N/A
9/30/2020	1,719	491	369	519	N/A
6/30/2020	1,626	448	321	534	N/A
3/31/2020	1,507	405	155	388	N/A
12/31/2019	1,684	460	264	543	N/A
9/30/2019	1,610	435	350	610	N/A
6/30/2019	1,543	414	195	473	N/A
3/31/2019	1,470	391	167	459	N/A
12/31/2018	1,401	378	147	442	N/A
9/30/2018	1,305	372	128	441	N/A
6/30/2018	1,216	352	N/A	465	N/A
3/31/2018	1,103	326	N/A	425	N/A
12/31/2017	1,026	305	N/A	449	N/A
9/30/2017	895	260	N/A	387	N/A
6/30/2017	800	236	N/A	330	N/A
3/31/2017	715	215	N/A	343	N/A
12/31/2016	666	203	N/A	267	N/A
9/30/2016	621	187	N/A	254	N/A
6/30/2016	568	167	N/A	220	N/A
3/31/2016	532	159	N/A	184	N/A
12/31/2015	518	156	N/A	155	N/A
9/30/2015	501	147	N/A	134	N/A
6/30/2015	487	144	N/A	146	N/A
3/31/2015	473	140	N/A	109	N/A
12/31/2014	470	138	N/A	130	N/A
9/30/2014	451	135	N/A	127	N/A
6/30/2014	406	115	N/A	131	N/A
3/31/2014	393	110	N/A	345	N/A
12/31/2013	391	108	N/A	128	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002677's forecast earnings growth (31.4% per year) is above the savings rate (2.8%).

Earnings vs Market: 002677's earnings (31.4% per year) are forecast to grow faster than the CN market (26% per year).

High Growth Earnings: 002677's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002677's revenue (16.3% per year) is forecast to grow faster than the CN market (13.9% per year).

High Growth Revenue: 002677's revenue (16.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002677's Return on Equity is forecast to be low in 3 years time (19.1%).

Zhejiang Meida Industrial Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 38%

Price target decreased by 7.6% to CN¥9.45

Price target decreased by 7.5% to CN¥9.92

Consensus revenue estimates fall by 17%

Price target decreased by 8.0% to CN¥10.72

Price target increased by 9.4% to CN¥15.04

Recent updates

Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

There's No Escaping Zhejiang Meida Industrial Co., Ltd.'s (SZSE:002677) Muted Earnings

Zhejiang Meida Industrial Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024

Investor sentiment improves as stock rises 22%

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Shares Could Be 48% Below Their Intrinsic Value Estimate

The Consensus EPS Estimates For Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Just Fell Dramatically

Consensus revenue estimates fall by 38%

Price target decreased by 7.6% to CN¥9.45

Here's What's Concerning About Zhejiang Meida Industrial's (SZSE:002677) Returns On Capital

Price target decreased by 7.5% to CN¥9.92

Now 23% undervalued after recent price drop

Zhejiang Meida Industrial Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024

Now 21% undervalued after recent price drop

High number of new directors

Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

Dividend of CN¥0.75 announced

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Consensus revenue estimates fall by 17%

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Price target decreased by 8.0% to CN¥10.72

Zhejiang Meida Industrial Co., Ltd., Annual General Meeting, May 13, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Zhejiang Meida Industrial Co., Ltd. to Report Q1, 2024 Results on Apr 19, 2024

Investor sentiment deteriorates as stock falls 16%

Now 24% undervalued after recent price drop

Zhejiang Meida Industrial Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024

Now 20% undervalued after recent price drop

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued after recent price drop

Zhejiang Meida Industrial Co., Ltd. to Report Q3, 2023 Results on Oct 30, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 9.4% to CN¥15.04

First quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Now 22% undervalued

Investor sentiment improves as stock rises 19%

High number of new and inexperienced directors

Consensus EPS estimates fall by 17%

Price target decreased to CN¥15.52

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to CN¥17.29

Consensus revenue estimates fall by 11%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Zhejiang Meida Industrial Co., Ltd. Implements Final Distribution Plan for 2021, Payable on 13 May 2022

Zhejiang Meida Approves Final Cash Dividend for the Year 2021

High number of new and inexperienced directors

Zhejiang Meida Industrial Co., Ltd. Proposes Cash Dividend for 2021

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.26 in 3Q 2020)

Price target decreased to CN¥21.03

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.24 in 2Q 2020)

Zhejiang Meida Industrial Co., Ltd. Announces the Implementation of Final Distribution Plan for A Shares, Payable 18 May 2021

Zhejiang Meida Industrial Co., Ltd. Approves Final Distribution for 2020

Full year 2020 earnings released: EPS CN¥0.84 (vs CN¥0.71 in FY 2019)

Zhejiang Meida Industrial Co., Ltd. to Report Fiscal Year 2020 Results on Apr 09, 2021

Investor sentiment deteriorated over the past week

New 90-day high: CN¥19.76

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day low: CN¥16.03

New 90-day low: CN¥16.93

Third quarter earnings released

Zhejiang Meida Industrial Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020

Price target raised to CN¥16.26

Earnings released

New 90-day high - CN¥17.46