Perfect World Future Growth

Future criteria checks 3/6

Perfect World is forecast to grow earnings and revenue by 48.6% and 14.4% per annum respectively. EPS is expected to grow by 46.6% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

48.6%

Earnings growth rate

46.6%

EPS growth rate

Entertainment earnings growth	38.0%
Revenue growth rate	14.4%
Future return on equity	12.9%
Analyst coverage	Good
Last updated	30 Apr 2024

Recent future growth updates

Earnings Miss: Perfect World Co., Ltd. Missed EPS By 15% And Analysts Are Revising Their Forecasts

Apr 17

Recent updates

We Think That There Are More Issues For Perfect World (SZSE:002624) Than Just Sluggish Earnings

Apr 22

Earnings Miss: Perfect World Co., Ltd. Missed EPS By 15% And Analysts Are Revising Their Forecasts

Apr 17

Perfect World (SZSE:002624) Will Be Looking To Turn Around Its Returns

Mar 22

Perfect World Co., Ltd.'s (SZSE:002624) P/E Is Still On The Mark Following 27% Share Price Bounce

Mar 07

Earnings and Revenue Growth Forecasts

SZSE:002624 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	10,778	1,369	N/A	1,359	8
12/31/2025	9,812	1,347	N/A	1,392	16
12/31/2024	8,652	917	N/A	1,335	12
3/31/2024	7,216	220	-4	562	N/A
12/31/2023	7,791	491	236	762	N/A
9/30/2023	8,155	550	581	1,078	N/A
6/30/2023	8,207	620	629	1,058	N/A
3/31/2023	7,446	778	600	913	N/A
1/1/2023	7,670	1,377	878	1,155	N/A
9/30/2022	7,490	1,011	1,022	1,279	N/A
6/30/2022	8,235	1,249	877	1,190	N/A
3/31/2022	8,415	745	777	1,146	N/A
1/1/2022	8,518	369	678	1,098	N/A
9/30/2021	8,902	542	846	1,340	N/A
6/30/2021	9,288	536	1,278	1,890	N/A
3/31/2021	9,881	1,398	2,554	3,161	N/A
12/31/2020	10,225	1,549	3,121	3,693	N/A
9/30/2020	10,289	1,834	3,520	4,066	N/A
6/30/2020	9,526	1,753	3,544	3,985	N/A
3/31/2020	8,572	1,631	2,273	2,769	N/A
12/31/2019	8,039	1,503	1,574	2,023	N/A
9/30/2019	8,333	1,864	816	1,170	N/A
6/30/2019	8,023	1,945	9	278	N/A
3/31/2019	8,273	1,832	-153	-8	N/A
12/31/2018	8,034	1,706	-271	-130	N/A
9/30/2018	7,919	1,744	-49	114	N/A
6/30/2018	8,009	1,615	151	288	N/A
3/31/2018	7,822	1,539	358	533	N/A
12/31/2017	7,930	1,505	N/A	804	N/A
9/30/2017	8,141	1,527	N/A	918	N/A
6/30/2017	7,632	1,455	N/A	1,346	N/A
3/31/2017	7,090	1,292	N/A	1,132	N/A
12/31/2016	6,159	1,166	N/A	1,155	N/A
9/30/2016	5,086	971	N/A	928	N/A
6/30/2016	4,844	177	N/A	781	N/A
3/31/2016	5,845	348	N/A	891	N/A
12/31/2015	4,893	134	N/A	843	N/A
9/30/2015	3,998	61	N/A	312	N/A
6/30/2015	2,881	489	N/A	89	N/A
3/31/2015	898	188	N/A	-264	N/A
12/31/2014	926	190	N/A	-228	N/A
12/31/2013	990	130	N/A	205	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002624's forecast earnings growth (48.6% per year) is above the savings rate (2.9%).

Earnings vs Market: 002624's earnings (48.6% per year) are forecast to grow faster than the CN market (24.3% per year).

High Growth Earnings: 002624's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002624's revenue (14.4% per year) is forecast to grow slower than the CN market (14.6% per year).

High Growth Revenue: 002624's revenue (14.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002624's Return on Equity is forecast to be low in 3 years time (12.9%).

Perfect World Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 27%

Price target decreased by 9.9% to CN¥12.68

Earnings Miss: Perfect World Co., Ltd. Missed EPS By 15% And Analysts Are Revising Their Forecasts

Consensus EPS estimates increase by 14%

Price target decreased by 7.8% to CN¥16.41

Consensus EPS estimates fall by 10%, revenue upgraded

Recent updates

First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.13 profit in 1Q 2023)

We Think That There Are More Issues For Perfect World (SZSE:002624) Than Just Sluggish Earnings

Consensus EPS estimates fall by 27%

Price target decreased by 9.9% to CN¥12.68

Earnings Miss: Perfect World Co., Ltd. Missed EPS By 15% And Analysts Are Revising Their Forecasts

Full year 2023 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 16%

Perfect World (SZSE:002624) Will Be Looking To Turn Around Its Returns

Perfect World Co., Ltd.'s (SZSE:002624) P/E Is Still On The Mark Following 27% Share Price Bounce

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Insufficient new directors

Perfect World Co., Ltd. Elects Chi Yufeng as Non-Independent Director

Investor sentiment deteriorates as stock falls 17%

Consensus EPS estimates increase by 14%

Price target decreased by 7.8% to CN¥16.41

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 10%, revenue upgraded

Price target decreased by 7.9% to CN¥19.37

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorates as stock falls 16%

Perfect World Co., Ltd. Announces Implementation of Final Cash Dividend for 2022, Payable on 12 May 2023

Perfect World Co., Ltd. Approves 2022 Profit Distribution Plan

Price target increased by 9.3% to CN¥20.41

Price target increased by 7.5% to CN¥20.07

Investor sentiment improves as stock rises 18%

Price target increased by 10% to CN¥18.29

Full year 2022 earnings released: EPS: CN¥0.72 (vs CN¥0.19 in FY 2021)

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 18%

High number of new and inexperienced directors

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Second quarter 2022 earnings: EPS misses analyst expectations

Perfect World Co., Ltd. Announces Implementation of Final Distribution Plan on A Share for the Year 2021, Payable on May 26, 2022

Perfect World Co., Ltd. Approves Cash Dividend for the Year 2021

Investor sentiment improved over the past week

Price target decreased to CN¥19.54

Perfect World Co., Ltd. Announces Final Profit Distribution Proposal for 2021

High number of new and inexperienced directors

Consensus revenue estimates fall by 19%

Full year 2021 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.28 in 3Q 2020)

Investor sentiment improved over the past week

Perfect World Co., Ltd. (SZSE:002624) announces an Equity Buyback for CNY 500 million worth of its shares.

Price target decreased to CN¥26.07

Second quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.34 profit in 2Q 2020)

Price target decreased to CN¥29.29

Investor sentiment deteriorated over the past week

Consensus EPS estimates fall to CN¥1.07

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Perfect World Co., Ltd. Approves Final Cash Dividend on A Shares for the Year 2020, Payable on 26 May 2021

Perfect World Co., Ltd. Announces Final Profit Distribution Proposal for 2020

Consensus EPS estimates fall to CN¥1.27

Investor sentiment deteriorated over the past week

New 90-day low: CN¥22.78

Investor sentiment deteriorated over the past week

New 90-day low: CN¥23.86

Analysts update estimates

Perfect World Co., Ltd. Announces Elections of Non-Independent Director, Independent Directors and Non-Employee Supervisors At the Extraordinary General Meeting Held on January 28, 2021

Price target lowered to CN¥39.76

Investor sentiment improved over the past week

New 90-day low: CN¥27.50

Price target lowered to CN¥40.53

New 90-day low: CN¥27.55

Third-quarter earnings released: Revenue beats expectations, earnings disappoint