ZTE Future Growth

Future criteria checks 1/6

ZTE is forecast to grow earnings and revenue by 4% and 3.4% per annum respectively. EPS is expected to grow by 9% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

4.0%

Earnings growth rate

9.0%

EPS growth rate

Communications earnings growth	32.7%
Revenue growth rate	3.4%
Future return on equity	13.0%
Analyst coverage	Good
Last updated	05 Apr 2024

Recent future growth updates

Analysts Have Made A Financial Statement On ZTE Corporation's (SZSE:000063) Full-Year Report

Mar 12

Recent updates

Calculating The Intrinsic Value Of ZTE Corporation (SZSE:000063)

Apr 21

Analysts Have Made A Financial Statement On ZTE Corporation's (SZSE:000063) Full-Year Report

Mar 12

ZTE Corporation (SZSE:000063) Stock Catapults 31% Though Its Price And Business Still Lag The Market

Mar 01

These 4 Measures Indicate That ZTE (SZSE:000063) Is Using Debt Reasonably Well

Feb 27

Earnings and Revenue Growth Forecasts

SZSE:000063 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	139,396	11,065	9,881	18,465	10
12/31/2025	136,690	10,864	9,045	16,540	14
12/31/2024	129,619	9,868	12,678	21,301	13
12/31/2023	124,251	9,326	13,401	17,406	N/A
9/30/2023	119,789	9,101	8,856	13,117	N/A
6/30/2023	123,841	8,987	5,892	10,504	N/A
3/31/2023	124,167	8,506	3,577	8,716	N/A
12/31/2022	122,954	8,080	2,626	7,578	N/A
9/30/2022	123,255	7,780	3,357	8,275	N/A
6/30/2022	121,269	7,300	7,166	12,195	N/A
3/31/2022	116,210	6,848	9,529	14,522	N/A
12/31/2021	114,522	6,813	10,037	15,724	N/A
9/30/2021	111,146	7,384	11,186	17,535	N/A
6/30/2021	107,322	6,465	8,483	15,220	N/A
3/31/2021	106,208	5,661	5,369	12,249	N/A
12/31/2020	101,451	4,260	3,761	10,233	N/A
9/30/2020	100,625	3,748	2,422	8,410	N/A
6/30/2020	93,327	5,551	3,210	8,221	N/A
3/31/2020	90,019	5,065	-43	6,559	N/A
12/31/2019	90,737	5,148	896	7,447	N/A
9/30/2019	90,988	4,404	-2,896	3,913	N/A
6/30/2019	90,689	2,311	-10,011	-2,902	N/A
3/31/2019	80,189	-714	-12,824	-7,784	N/A
12/31/2018	85,513	-6,984	-14,097	-9,215	N/A
9/30/2018	91,002	-6,596	-4,762	168	N/A
6/30/2018	94,238	-5,549	316	6,380	N/A
3/31/2018	110,597	-2,053	1,583	8,020	N/A
12/31/2017	108,815	4,568	1,236	7,220	N/A
9/30/2017	106,249	-1,312	N/A	870	N/A
6/30/2017	107,486	-1,831	N/A	-1,301	N/A
3/31/2017	105,119	-2,218	N/A	344	N/A
12/31/2016	101,233	-2,357	N/A	5,260	N/A
9/30/2016	103,227	3,463	N/A	8,269	N/A
6/30/2016	102,045	3,359	N/A	8,252	N/A
3/31/2016	101,046	3,399	N/A	15,163	N/A
12/31/2015	100,186	3,208	N/A	7,405	N/A
9/30/2015	91,194	3,406	N/A	2,673	N/A
6/30/2015	89,673	3,121	N/A	3,305	N/A
3/31/2015	83,417	2,894	N/A	890	N/A
12/31/2014	81,471	2,634	N/A	2,513	N/A
9/30/2014	79,477	2,638	N/A	6,750	N/A
6/30/2014	75,426	2,176	N/A	7,631	N/A
3/31/2014	76,229	1,775	N/A	3,558	N/A
12/31/2013	75,234	1,358	N/A	2,575	N/A
9/30/2013	77,943	-589	N/A	3,396	N/A
6/30/2013	78,982	-2,776	N/A	849	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000063's forecast earnings growth (4% per year) is above the savings rate (2.9%).

Earnings vs Market: 000063's earnings (4% per year) are forecast to grow slower than the CN market (24% per year).

High Growth Earnings: 000063's earnings are forecast to grow, but not significantly.

Revenue vs Market: 000063's revenue (3.4% per year) is forecast to grow slower than the CN market (14.4% per year).

High Growth Revenue: 000063's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 000063's Return on Equity is forecast to be low in 3 years time (13%).

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ZTE Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Analysts Have Made A Financial Statement On ZTE Corporation's (SZSE:000063) Full-Year Report

Price target decreased by 7.4% to CN¥41.03

Price target increased by 12% to CN¥40.11

Price target decreased to CN¥36.68

ZTE Corporation Provides Earnings Guidance for the Year Ended December 31, 2021

Analysts update estimates

Recent updates

Calculating The Intrinsic Value Of ZTE Corporation (SZSE:000063)

ZTE Corporation to Report Q1, 2024 Results on Apr 26, 2024

Analysts Have Made A Financial Statement On ZTE Corporation's (SZSE:000063) Full-Year Report

Full year 2023 earnings: EPS misses analyst expectations

Zte Corporation Announces Final Dividend for the Year Ended 31 December 2023

ZTE Corporation (SZSE:000063) Stock Catapults 31% Though Its Price And Business Still Lag The Market

ZTE Corporation to Unveil Ultra-Efficient, Green and Intelligent Innovations At MWC 2024

Investor sentiment improves as stock rises 16%

These 4 Measures Indicate That ZTE (SZSE:000063) Is Using Debt Reasonably Well

ZTE Corporation to Report Fiscal Year 2023 Results on Mar 09, 2024

Price target decreased by 7.4% to CN¥41.03

Third quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.48 in 3Q 2022)

ZTE Corporation Develop Gigabit Broadband and Expand Smart Home Applications

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

ZTE Corporation, Annual General Meeting, Aug 18, 2023

ZTE Officially Launched New Series of 5G Gaming Phone-Nubia Neo 5G, Powered by UNISOC New 5G SoC T820

ZTE Corporation to Report First Half, 2023 Results on Aug 19, 2023

ZTE Corporation Brings New Mobile Devices with Ecosystem to MWC Shanghai 2023

Turk Telekom and ZTE Corporation Unveils Next-Generation Tivibu

Investor sentiment improves as stock rises 19%

ZTE Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 16 May 2023

Price target increased by 12% to CN¥40.11

Full year 2022 earnings released: EPS: CN¥1.71 (vs CN¥1.47 in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analyst expectations

ZTE Corporation to Report Nine Months, 2022 Results on Oct 26, 2022

Gosuncn Technology Group Co., Ltd. (SZSE:300098) agreed to acquire additional 2.2822% minority stake in Gosuncn Zhilian Technology Co., Ltd. from ZTE Corporation (SZSE:000063).

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

ZTE Corporation to Report First Half, 2022 Results on Aug 26, 2022

ZTE Corporation ADR to Be Deleted from Other OTC

ZTE Corporation Axon 40 Ultra Officially Launched in China

Upcoming dividend of CN¥0.30 per share

ZTE Corporation Implements Final Cash Distribution for 2021 on A Shares, Payable on 10 May 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

ZTE Corporation Announces Cash Dividend for the Year 2021

ZTE Corporation to Report Q1, 2022 Results on Apr 25, 2022

ZTE Corporation, Annual General Meeting, Apr 21, 2022

CEO & Executive Director exercised options to buy CN¥2.0m worth of stock.

ZTE Corporation Recommends Final Dividend for the Year Ended December 31, 2021

Price target decreased to CN¥36.68

Full year 2021 earnings: Revenues miss analyst expectations

ZTE Announces 4Th Gen 5G FWA & MBB Family, Leading A New Era of 5G Interconnectivity

ZTE Corporation Releases New Hero Blade V40 Series Featuring Four New Models

ZTE Corporation to Report Fiscal Year 2021 Results on Mar 08, 2022

ZTE Corporation Provides Earnings Guidance for the Year Ended December 31, 2021

Third quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.19 in 3Q 2020)

Second quarter 2021 earnings released

Telstra in Talks to Acquire Digicel Pacific

Investor sentiment improved over the past week

ZTE Corporation Announces Proposal for Profit Distribution for 2020, Expected to Be Made to Shareholders on 20 August 2021

First quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.18 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.92 (vs CN¥1.22 in FY 2019)

ZTE Corporation Recommends Distribution

New 90-day low: CN¥28.22

ZTE Corporation Releases the Precise Ran Solution White Paper for the Upgrade of Digital Economy, and the Nodeengine Technology White Paper

ZTE and GlobalData Jointly Release the White Paper on Precision 5G Transport

ZTE Corporation Launches Intelligent Orchestration Radio Network Solution

ZTE Corporation to Report Fiscal Year 2020 Results on Mar 17, 2021

Zte Integrates Trusted Home Solution by Irdeto and Minim to Routers Globally

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS CN¥0.95

Beijing E-Town Semiconductor Industry Investment Centre (Limited Partnership) entered into the Equity Transfer Agreement to acquire 90% stake in Caltta Technologies Co., Ltd from ZTE Corporation (SZSE:000063) for CNY 1.03 million.

New 90-day low: CN¥31.04

Digicel Reportedly Retains Citi to Advise on Pacific Unit Sale

ZTE Corporation Supports Ncell in Completing Preventive Network Maintenance at Everest Base Camp

Analysts update estimates

Market bids up stock over the past week

Analysts update estimates