CITIC Future Growth

Future criteria checks 1/6

CITIC's revenue is forecast to decline at 7.5% per annum while its annual earnings are expected to grow at 7% per year. EPS is expected to grow by 6.2% per annum. Return on equity is forecast to be 8.1% in 3 years.

Key information

7.0%

Earnings growth rate

6.2%

EPS growth rate

Industrials earnings growth	8.1%
Revenue growth rate	-7.5%
Future return on equity	8.1%
Analyst coverage	Low
Last updated	14 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:CPF0 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	743,961	N/A	N/A	N/A	2
12/31/2025	750,359	63,950	N/A	N/A	4
12/31/2024	717,796	59,740	N/A	N/A	4
6/30/2024	924,956	57,615	-213,061	-186,463	N/A
3/31/2024	903,820	57,605	-130,081	-104,630	N/A
12/31/2023	882,683	57,594	-47,102	-22,798	N/A
9/30/2023	874,351	56,476	-25,273	-860	N/A
6/30/2023	866,018	55,358	-3,445	21,077	N/A
3/31/2023	855,461	60,145	71,241	93,635	N/A
12/31/2022	844,903	64,931	145,926	166,193	N/A
9/30/2022	836,167	65,101	154,776	173,800	N/A
6/30/2022	803,380	63,901	154,599	171,623	N/A
3/31/2022	757,876	59,797	47,121	65,229	N/A
12/31/2021	737,668	57,238	-53,135	-33,170	N/A
9/30/2021	718,001	59,649	-80,875	-61,160	N/A
6/30/2021	688,998	61,366	-108,170	-88,956	N/A
3/31/2021	653,102	54,963	17,815	36,354	N/A
12/31/2020	607,272	47,682	145,115	162,701	N/A
9/30/2020	627,799	45,571	163,667	181,797	N/A
6/30/2020	648,981	43,210	183,481	202,169	N/A
3/31/2020	659,040	46,273	156,093	174,422	N/A
12/31/2019	653,094	48,165	125,505	143,041	N/A
9/30/2019	658,460	48,777	126,164	142,386	N/A
6/30/2019	627,142	46,668	119,800	133,828	N/A
3/31/2019	600,158	44,172	116,176	130,018	N/A
12/31/2018	606,518	44,131	119,006	133,431	N/A
9/30/2018	592,192	40,613	141,450	159,233	N/A
6/30/2018	556,351	35,720	157,734	178,078	N/A
3/31/2018	500,761	34,464	N/A	127,162	N/A
12/31/2017	494,401	36,562	N/A	89,222	N/A
9/30/2017	478,584	35,779	N/A	102,073	N/A
6/30/2017	460,349	34,831	N/A	115,101	N/A
3/31/2017	459,927	32,316	N/A	183,056	N/A
12/31/2016	454,939	29,403	N/A	251,310	N/A
9/30/2016	438,784	25,728	N/A	116,765	N/A
6/30/2016	439,170	23,141	N/A	-7,766	N/A
3/31/2016	435,092	28,020	N/A	-3,643	N/A
12/31/2015	446,695	33,794	N/A	259	N/A
9/30/2015	440,191	37,966	N/A	-869	N/A
6/30/2015	431,997	41,777	N/A	-1,941	N/A
3/31/2015	432,860	36,809	N/A	22,593	N/A
12/31/2014	433,941	31,860	N/A	47,139	N/A
9/30/2014	505,912	44,189	N/A	15,412	N/A
6/30/2014	591,674	57,741	N/A	-16,001	N/A
3/31/2014	498,644	48,245	N/A	-66,826	N/A
12/31/2013	395,817	37,813	N/A	-114,637	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPF0's forecast earnings growth (7% per year) is above the savings rate (1%).

Earnings vs Market: CPF0's earnings (7% per year) are forecast to grow slower than the German market (21.1% per year).

High Growth Earnings: CPF0's earnings are forecast to grow, but not significantly.

Revenue vs Market: CPF0's revenue is expected to decline over the next 3 years (-7.5% per year).

High Growth Revenue: CPF0's revenue is forecast to decline over the next 3 years (-7.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CPF0's Return on Equity is forecast to be low in 3 years time (8.1%).

CITIC Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

CITIC Limited Provides Unaudited Earnings Guidance for the Six Months Ended June 30, 2021

Recent updates

CITIC Limited Announces Interim Dividend for the Year Ending 31 December 2024, Payable on 15 November 2024

CITIC Limited Appoints Chen Yuyu as Independent Non-Executive Director and Member of the Strategic Committee

CITIC Limited to Report First Half, 2024 Results on Aug 30, 2024

CITIC Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024

CITIC Limited, Annual General Meeting, Jun 18, 2024

CITIC Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024

CITIC Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

CITIC Limited Provides Sino Iron Project Update

CITIC Limited Provides Sino Iron Project Update

CITIC Limited Appoints Xi Guohua as Chairman of the Board, Chairman of Nomination Committee, Chairman of Strategic Committee and Chairman of Executive Committee and Cessation as Vice Chairman and President

CITIC Limited Announces Appointment of Li Zimin as Non-Executive Director

CITIC Limited Announces Resignation of Zhu Hexin as Chairman and Executive Director, Chairman of Nomination Committee, Chairman of Strategic Committee and Chairman of Executive Committee

CITIC Limited Appoints Zhang Lin as Member of the Audit and Risk Management Committee

CITIC Limited Announces Appointment of Non-Executive Director

Citic Limited Declares Interim Dividend for the Year Ending 31 December 2023, Payment Date Is 16 November 2023

CITIC Limited to Report First Half, 2023 Results on Aug 31, 2023

Citic Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on 22 August 2023

Citic Limited Proposes Final Dividend for the Year Ended 31 December 2022

CITIC Limited Appoints Yue Xuekun as a Non-Executive Director

CITIC Limited Announces Board Changes

Prosus Denies Rumours of Tencent Share Sale

Citic Limited Announces Resignation of Li Qingping as Executive Director, Vice President and Member of the Executive Committee

CITIC Limited Declares an Interim Dividend for the Year Ending 31 December 2022, Payable on 11 November 2022

CITIC Limited to Report Q2, 2022 Results on Aug 30, 2022

CITIC Limited Appoints Zhang Yunting as Joint Company Secretary

CITIC Limited, Annual General Meeting, Jun 14, 2022

CITIC Limited Provides Unaudited Earnings Guidance for the Six Months Ended June 30, 2021

CITIC Limited Recommends Final Dividend for the Year Ended 31 December 2020, Payable on 3 August 2021

CITIC Limited to Report Fiscal Year 2020 Results on Mar 30, 2021

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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