China Foods Future Growth

Future criteria checks 2/6

China Foods is forecast to grow earnings and revenue by 8.7% and 6.2% per annum respectively. EPS is expected to grow by 8.5% per annum. Return on equity is forecast to be 14.4% in 3 years.

Key information

8.7%

Earnings growth rate

8.5%

EPS growth rate

Beverage earnings growth	12.1%
Revenue growth rate	6.2%
Future return on equity	14.4%
Analyst coverage	Low
Last updated	12 Sep 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:CFH - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	23,886	998	N/A	2,471	3
12/31/2025	22,316	926	N/A	2,449	4
12/31/2024	21,302	859	N/A	2,226	4
6/30/2024	20,326	797	1,902	2,591	N/A
3/31/2024	20,886	815	1,842	2,511	N/A
12/31/2023	21,446	833	1,782	2,430	N/A
9/30/2023	21,488	806	1,206	1,892	N/A
6/30/2023	21,530	779	630	1,354	N/A
3/31/2023	21,249	719	441	1,247	N/A
12/31/2022	20,968	660	252	1,141	N/A
9/30/2022	20,714	655	503	1,390	N/A
6/30/2022	20,459	649	754	1,640	N/A
3/31/2022	20,122	611	550	1,357	N/A
12/31/2021	19,784	572	347	1,074	N/A
9/30/2021	19,426	573	1,004	1,669	N/A
6/30/2021	19,067	573	1,662	2,264	N/A
3/31/2021	18,158	536	1,655	2,239	N/A
12/31/2020	17,249	499	1,649	2,214	N/A
9/30/2020	17,136	478	1,450	2,049	N/A
6/30/2020	17,022	458	1,252	1,884	N/A
3/31/2020	17,097	438	1,224	1,893	N/A
12/31/2019	17,172	418	1,196	1,901	N/A
9/30/2019	16,837	388	1,019	1,741	N/A
6/30/2019	16,501	359	843	1,580	N/A
3/31/2019	16,075	340	715	1,428	N/A
12/31/2018	15,648	321	588	1,275	N/A
9/30/2018	15,517	336	377	1,052	N/A
6/30/2018	15,387	352	166	829	N/A
3/31/2018	14,372	769	N/A	638	N/A
12/31/2017	13,358	1,185	N/A	447	N/A
9/30/2017	8,608	985	N/A	40	N/A
6/30/2017	3,803	779	N/A	-374	N/A
3/31/2017	6,874	523	N/A	100	N/A
12/31/2016	10,110	275	N/A	587	N/A
9/30/2016	16,698	410	N/A	627	N/A
6/30/2016	23,606	554	N/A	688	N/A
3/31/2016	23,046	333	N/A	643	N/A
12/31/2015	23,324	128	N/A	622	N/A
6/30/2015	21,878	192	N/A	1,105	N/A
3/31/2015	21,427	72	N/A	648	N/A
12/31/2014	20,986	-49	N/A	191	N/A
9/30/2014	20,872	-374	N/A	258	N/A
6/30/2014	20,913	-578	N/A	333	N/A
3/31/2014	20,951	-645	N/A	205	N/A
12/31/2013	20,471	-695	N/A	76	N/A
9/30/2013	21,880	-508	N/A	406	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFH's forecast earnings growth (8.7% per year) is above the savings rate (0.8%).

Earnings vs Market: CFH's earnings (8.7% per year) are forecast to grow slower than the German market (20% per year).

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

Revenue vs Market: CFH's revenue (6.2% per year) is forecast to grow faster than the German market (5.5% per year).

High Growth Revenue: CFH's revenue (6.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CFH's Return on Equity is forecast to be low in 3 years time (14.4%).

China Foods Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

First half 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.21 in 1H 2023)

China Foods Limited to Report First Half, 2024 Results on Aug 28, 2024

Now 20% undervalued after recent price drop

China Foods Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 10 July 2024

Upcoming dividend of CN¥0.15 per share

Full year 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.24 in FY 2022)

China Foods Limited Announces Non-Executive Director and Composition of Board Committee Changes

Dividend of CN¥0.15 announced

China Foods Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 10 July 2024

China Foods Limited, Annual General Meeting, Jun 11, 2024

Full year 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.24 in FY 2022)

China Foods Limited to Report Fiscal Year 2023 Results on Mar 19, 2024

Changping (Hangzhou) Industrial Holdings Co., Ltd. made an offer to acquire CPMC Holdings Limited (SEHK:906) for HKD 7.6 billion

First half 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.17 in 1H 2022)

Now 20% undervalued

China Foods Limited to Report First Half, 2023 Results on Aug 28, 2023

New major risk - Share price stability

New minor risk - Share price stability

China Foods Limited Approves to Declare Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$0.13 per share at 4.9% yield

Full year 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in FY 2021)

Less than half of directors are independent

China Foods Limited Announces Change of Members of the Remuneration Committee

Less than half of directors are independent

China Foods Limited Announces Change of Board and Committee Changes

China Foods Limited Announces Resignation of Mr. Shen Peng as Executive Director, Member and the Chairman of the Environmental, Social and Governance Committee and A Member of the Executive Committee

First half 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 1H 2021)

China Foods Limited to Report First Half, 2022 Results on Aug 23, 2022

Now 29% undervalued

China Foods Limited Declares Final Dividend

Upcoming dividend of HK$0.13 per share

China Foods Limited Announces Change of Independent Non-Executive Director and Change in Composition of Board Committees

Full year 2021 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in FY 2020)

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in FY 2020)

China Foods Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2021, Payable on 08 July 2022

Non-Executive Director Jianping Xiao has left the company

First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.12 in 1H 2020)

China Foods Limited Approves Dividend for the Year Ended December 31, 2020

Upcoming dividend of HK$0.11 per share

Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.15 in FY 2019)

Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.15 in FY 2019)

China Foods Limited to Report Fiscal Year 2020 Results on Mar 23, 2021

New 90-day high: €0.39

New 90-day low: €0.25

New 90-day high: €0.32

China Foods Limited Announces Change of Non-Executive Director

New 90-day low: €0.27

First half earnings released

New 90-day low - €0.28

First half earnings released

China Foods Limited to Report First Half, 2020 Results on Aug 25, 2020

New 90-day low - €0.29

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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