Shede Spirits Future Growth

Future criteria checks 2/6

Shede Spirits is forecast to grow earnings and revenue by 15.2% and 13.5% per annum respectively. EPS is expected to grow by 15% per annum. Return on equity is forecast to be 21.6% in 3 years.

Key information

15.2%

Earnings growth rate

15.0%

EPS growth rate

Beverage earnings growth	13.3%
Revenue growth rate	13.5%
Future return on equity	21.6%
Analyst coverage	Good
Last updated	11 Jul 2024

Recent future growth updates

Analysts Have Lowered Expectations For Shede Spirits Co., Ltd. (SHSE:600702) After Its Latest Results

Mar 22

Recent updates

Shede Spirits Co., Ltd.'s (SHSE:600702) Shares Lagging The Market But So Is The Business

Apr 09

We Think That There Are Some Issues For Shede Spirits (SHSE:600702) Beyond Its Promising Earnings

Mar 26

Analysts Have Lowered Expectations For Shede Spirits Co., Ltd. (SHSE:600702) After Its Latest Results

Mar 22

Earnings and Revenue Growth Forecasts

SHSE:600702 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	10,403	2,665	1,158	2,687	10
12/31/2025	9,070	2,279	854	2,069	11
12/31/2024	7,960	1,974	1,495	2,369	11
3/31/2024	7,165	1,752	-372	597	N/A
12/31/2023	7,081	1,771	-158	716	N/A
9/30/2023	6,685	1,780	-181	564	N/A
6/30/2023	6,560	1,769	524	1,269	N/A
3/31/2023	6,194	1,724	211	849	N/A
12/31/2022	6,056	1,685	457	1,041	N/A
9/30/2022	5,979	1,476	1,194	1,669	N/A
6/30/2022	5,603	1,346	1,474	1,768	N/A
3/31/2022	5,825	1,474	2,006	2,258	N/A
12/31/2021	4,969	1,246	2,023	2,229	N/A
9/30/2021	4,547	1,240	2,045	2,248	N/A
6/30/2021	4,069	1,152	1,647	1,930	N/A
3/31/2021	3,327	856	1,203	1,461	N/A
12/31/2020	2,704	581	747	997	N/A
9/30/2020	2,570	516	521	771	N/A
6/30/2020	2,455	487	585	745	N/A
3/31/2020	2,357	434	432	604	N/A
12/31/2019	2,650	508	478	668	N/A
9/30/2019	2,467	372	262	450	N/A
6/30/2019	2,415	361	-13	162	N/A
3/31/2019	2,390	360	-1	184	N/A
12/31/2018	2,212	342	191	443	N/A
9/30/2018	1,984	321	93	359	N/A
6/30/2018	1,778	247	243	525	N/A
3/31/2018	1,732	185	320	577	N/A
12/31/2017	1,638	144	N/A	426	N/A
9/30/2017	1,606	121	N/A	486	N/A
6/30/2017	1,561	119	N/A	263	N/A
3/31/2017	1,462	109	N/A	266	N/A
12/31/2016	1,462	80	N/A	230	N/A
9/30/2016	1,439	58	N/A	175	N/A
6/30/2016	1,309	24	N/A	126	N/A
3/31/2016	1,268	15	N/A	87	N/A
12/31/2015	1,156	7	N/A	121	N/A
9/30/2015	1,232	11	N/A	-74	N/A
6/30/2015	1,341	10	N/A	-53	N/A
3/31/2015	1,411	10	N/A	4	N/A
12/31/2014	1,445	13	N/A	-148	N/A
9/30/2014	1,434	10	N/A	-58	N/A
6/30/2014	1,394	-6	N/A	-65	N/A
3/31/2014	1,308	-38	N/A	-174	N/A
12/31/2013	1,419	12	N/A	104	N/A
9/30/2013	1,778	123	N/A	81	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600702's forecast earnings growth (15.2% per year) is above the savings rate (2.9%).

Earnings vs Market: 600702's earnings (15.2% per year) are forecast to grow slower than the CN market (22.1% per year).

High Growth Earnings: 600702's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600702's revenue (13.5% per year) is forecast to grow slower than the CN market (13.6% per year).

High Growth Revenue: 600702's revenue (13.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600702's Return on Equity is forecast to be high in 3 years time (21.6%)

Shede Spirits Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 15% to CN¥104

Price target decreased by 8.1% to CN¥120

Analysts Have Lowered Expectations For Shede Spirits Co., Ltd. (SHSE:600702) After Its Latest Results

Price target decreased by 11% to CN¥168

Price target decreased by 11% to CN¥206

Price target increased by 18% to CN¥205

Recent updates

There Is A Reason Shede Spirits Co., Ltd.'s (SHSE:600702) Price Is Undemanding

Shede Spirits Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024

Is It Too Late To Consider Buying Shede Spirits Co., Ltd. (SHSE:600702)?

Price target decreased by 15% to CN¥104

Here's Why Shede Spirits (SHSE:600702) Can Manage Its Debt Responsibly

Price target decreased by 8.1% to CN¥120

First quarter 2024 earnings released: EPS: CN¥1.66 (vs CN¥1.72 in 1Q 2023)

Why We Like The Returns At Shede Spirits (SHSE:600702)

Shede Spirits Co., Ltd.'s (SHSE:600702) Shares Lagging The Market But So Is The Business

Shede Spirits Co., Ltd., Annual General Meeting, Apr 23, 2024

Shede Spirits Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024

We Think That There Are Some Issues For Shede Spirits (SHSE:600702) Beyond Its Promising Earnings

Analysts Have Lowered Expectations For Shede Spirits Co., Ltd. (SHSE:600702) After Its Latest Results

Full year 2023 earnings: EPS misses analyst expectations

Shede Spirits Co., Ltd. (SHSE:600702) announces an Equity Buyback for CNY 200 million worth of its shares.

Investor sentiment deteriorates as stock falls 16%

Shede Spirits Co., Ltd. to Report Fiscal Year 2023 Results on Mar 20, 2024

Price target decreased by 11% to CN¥168

Third quarter 2023 earnings released: EPS: CN¥1.13 (vs CN¥1.11 in 3Q 2022)

Investor sentiment deteriorates as stock falls 16%

Now 20% undervalued after recent price drop

Shede Spirits Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023

Price target decreased by 11% to CN¥206

Second quarter 2023 earnings released: EPS: CN¥1.06 (vs CN¥0.92 in 2Q 2022)

Shede Spirits Co., Ltd. (SHSE:600702) announces an Equity Buyback for CNY 370 million worth of its shares.

Now 22% undervalued after recent price drop

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Shede Spirits Co., Ltd. to Report Q2, 2023 Results on Aug 19, 2023

Investor sentiment deteriorates as stock falls 16%

Now 21% undervalued after recent price drop

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 18% to CN¥205

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: CN¥1.11 (vs CN¥0.70 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.92 (vs CN¥1.31 in 2Q 2021)

Now 20% undervalued

Now 21% undervalued

Investor sentiment improved over the past week

Now 22% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.70 (vs CN¥0.44 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥1.31 (vs CN¥0.41 in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS CN¥1.75 (vs CN¥1.52 in FY 2019)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: CN¥68.66

Market bids up stock over the past week

Market pulls back on stock over the past week

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: CN¥49.25

Third quarter earnings released

New 90-day high: CN¥41.97