Red Avenue New Materials Group Future Growth
Future criteria checks 2/6
Red Avenue New Materials Group is forecast to grow earnings and revenue by 17.9% and 18% per annum respectively. EPS is expected to grow by 17.8% per annum. Return on equity is forecast to be 15.7% in 3 years.
Key information
17.9%
Earnings growth rate
17.8%
EPS growth rate
Chemicals earnings growth | 30.4% |
Revenue growth rate | 18.0% |
Future return on equity | 15.7% |
Analyst coverage | Low |
Last updated | 10 Jun 2024 |
Recent future growth updates
No updates
Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)
Jun 26These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well
Jun 09Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon
Mar 01Earnings and Revenue Growth Forecasts
Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
---|---|---|---|---|---|
12/31/2026 | 5,085 | 757 | N/A | 584 | 3 |
12/31/2025 | 4,299 | 645 | N/A | 475 | 3 |
12/31/2024 | 3,651 | 521 | N/A | 525 | 3 |
3/31/2024 | 3,060 | 468 | -25 | 183 | N/A |
12/31/2023 | 2,944 | 407 | 14 | 184 | N/A |
9/30/2023 | 2,849 | 408 | -254 | -52 | N/A |
6/30/2023 | 2,693 | 337 | -230 | 101 | N/A |
3/31/2023 | 2,594 | 309 | -233 | 90 | N/A |
12/31/2022 | 2,500 | 298 | -260 | 103 | N/A |
9/30/2022 | 2,453 | 291 | -311 | 420 | N/A |
6/30/2022 | 2,325 | 274 | -336 | 306 | N/A |
3/31/2022 | 2,318 | 253 | -353 | 350 | N/A |
12/31/2021 | 2,320 | 327 | -354 | 345 | N/A |
9/30/2021 | 2,260 | 357 | 10 | 365 | N/A |
6/30/2021 | 2,275 | 468 | 92 | 301 | N/A |
3/31/2021 | 2,163 | 492 | 101 | 267 | N/A |
12/31/2020 | 2,046 | 410 | 94 | 207 | N/A |
9/30/2020 | 2,070 | 332 | 129 | 231 | N/A |
6/30/2020 | 2,025 | 277 | 199 | 301 | N/A |
3/31/2020 | 2,150 | 292 | 335 | 404 | N/A |
12/31/2019 | 2,208 | 331 | 347 | 419 | N/A |
9/30/2019 | 2,183 | 418 | 403 | 518 | N/A |
6/30/2019 | 2,219 | 425 | 236 | 367 | N/A |
3/31/2019 | 2,188 | 405 | 194 | 371 | N/A |
12/31/2018 | 2,175 | 412 | 184 | 352 | N/A |
9/30/2018 | 2,138 | 414 | 94 | 188 | N/A |
6/30/2018 | 2,108 | 387 | 244 | 320 | N/A |
3/31/2018 | 1,948 | 351 | 153 | 178 | N/A |
12/31/2017 | 1,901 | 315 | N/A | 229 | N/A |
12/31/2016 | 1,733 | 263 | N/A | 255 | N/A |
12/31/2015 | 1,560 | 77 | N/A | 170 | N/A |
12/31/2014 | 1,788 | 144 | N/A | 118 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 603650's forecast earnings growth (17.9% per year) is above the savings rate (2.9%).
Earnings vs Market: 603650's earnings (17.9% per year) are forecast to grow slower than the CN market (22.2% per year).
High Growth Earnings: 603650's earnings are forecast to grow, but not significantly.
Revenue vs Market: 603650's revenue (18% per year) is forecast to grow faster than the CN market (13.6% per year).
High Growth Revenue: 603650's revenue (18% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 603650's Return on Equity is forecast to be low in 3 years time (15.7%).