Red Avenue New Materials Group Co., Ltd.

SHSE:603650 Stock Report

Market Cap: CN¥16.0b

Red Avenue New Materials Group Future Growth

Future criteria checks 4/6

Red Avenue New Materials Group is forecast to grow earnings and revenue by 20.3% and 20.2% per annum respectively. EPS is expected to grow by 20.7% per annum. Return on equity is forecast to be 17.8% in 3 years.

Key information

20.3%

Earnings growth rate

20.7%

EPS growth rate

Chemicals earnings growth33.6%
Revenue growth rate20.2%
Future return on equity17.8%
Analyst coverage

Low

Last updated26 Aug 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 26
Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)

These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Jun 09
These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well

Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Mar 01
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon

Earnings and Revenue Growth Forecasts

SHSE:603650 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20265,237821N/A6084
12/31/20254,308668N/A4894
12/31/20243,578553N/A5214
6/30/20243,15049785289N/A
3/31/20243,060468-25183N/A
12/31/20232,94440714184N/A
9/30/20232,849408-254-52N/A
6/30/20232,693337-230101N/A
3/31/20232,594309-23390N/A
12/31/20222,500298-260103N/A
9/30/20222,453291-311420N/A
6/30/20222,325274-336306N/A
3/31/20222,318253-353350N/A
12/31/20212,320327-354345N/A
9/30/20212,26035710365N/A
6/30/20212,27546892301N/A
3/31/20212,163492101267N/A
12/31/20202,04641094207N/A
9/30/20202,070332129231N/A
6/30/20202,025277199301N/A
3/31/20202,150292335404N/A
12/31/20192,208331347419N/A
9/30/20192,183418403518N/A
6/30/20192,219425236367N/A
3/31/20192,188405194371N/A
12/31/20182,175412184352N/A
9/30/20182,13841494188N/A
6/30/20182,108387244320N/A
3/31/20181,948351N/A178N/A
12/31/20171,901315N/A229N/A
12/31/20161,733263N/A255N/A
12/31/20151,56077N/A170N/A
12/31/20141,788144N/A118N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603650's forecast earnings growth (20.3% per year) is above the savings rate (2.9%).

Earnings vs Market: 603650's earnings (20.3% per year) are forecast to grow slower than the CN market (23.1% per year).

High Growth Earnings: 603650's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 603650's revenue (20.2% per year) is forecast to grow faster than the CN market (13.2% per year).

High Growth Revenue: 603650's revenue (20.2% per year) is forecast to grow faster 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 (17.8%).

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