BOE Varitronix Future Growth

Future criteria checks 3/6

BOE Varitronix is forecast to grow earnings and revenue by 20.8% and 14.2% per annum respectively. EPS is expected to grow by 20.7% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

20.8%

Earnings growth rate

20.7%

EPS growth rate

Electronic earnings growth	42.7%
Revenue growth rate	14.2%
Future return on equity	12.9%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:VTX - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	16,615	705	1,254	1,341	8
12/31/2025	14,445	558	1,066	1,260	8
12/31/2024	12,544	429	826	935	8
6/30/2024	11,708	445	1,790	2,361	N/A
3/31/2024	11,234	460	1,234	1,774	N/A
12/31/2023	10,760	475	678	1,186	N/A
9/30/2023	10,931	505	-247	631	N/A
6/30/2023	11,102	534	-1,172	76	N/A
3/31/2023	10,912	558	-790	425	N/A
12/31/2022	10,722	582	-407	774	N/A
9/30/2022	10,046	533	1	848	N/A
6/30/2022	9,369	484	409	922	N/A
3/31/2022	8,553	406	410	793	N/A
12/31/2021	7,738	328	411	665	N/A
9/30/2021	6,783	237	331	492	N/A
6/30/2021	5,829	146	251	320	N/A
3/31/2021	5,178	107	224	286	N/A
12/31/2020	4,527	69	197	253	N/A
9/30/2020	4,196	47	202	270	N/A
6/30/2020	3,865	26	207	287	N/A
3/31/2020	3,720	25	201	276	N/A
12/31/2019	3,574	25	195	265	N/A
9/30/2019	3,395	19	119	204	N/A
6/30/2019	3,216	14	43	143	N/A
3/31/2019	3,197	16	56	188	N/A
12/31/2018	3,177	17	70	233	N/A
9/30/2018	3,164	19	-159	42	N/A
6/30/2018	3,151	20	-388	-150	N/A
3/31/2018	3,015	21	N/A	-241	N/A
12/31/2017	2,879	22	N/A	-332	N/A
9/30/2017	2,652	45	N/A	-178	N/A
6/30/2017	2,425	69	N/A	-25	N/A
3/31/2017	2,336	60	N/A	90	N/A
12/31/2016	2,247	51	N/A	204	N/A
9/30/2016	2,286	37	N/A	227	N/A
6/30/2016	2,324	24	N/A	249	N/A
3/31/2016	2,406	163	N/A	258	N/A
12/31/2015	2,488	301	N/A	266	N/A
9/30/2015	2,522	358	N/A	281	N/A
6/30/2015	2,556	416	N/A	295	N/A
3/31/2015	2,584	333	N/A	281	N/A
12/31/2014	2,613	250	N/A	268	N/A
9/30/2014	2,684	254	N/A	296	N/A
6/30/2014	2,755	258	N/A	325	N/A
3/31/2014	2,680	250	N/A	344	N/A
12/31/2013	2,604	243	N/A	362	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VTX's forecast earnings growth (20.8% per year) is above the savings rate (1%).

Earnings vs Market: VTX's earnings (20.8% per year) are forecast to grow slower than the German market (21.1% per year).

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

Revenue vs Market: VTX's revenue (14.2% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: VTX's revenue (14.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

BOE Varitronix Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Six-Month Period Ended 30 June 2022

Boe Varitronix Limited Provides Earnings Outlook for the Second Half of 2021

BOE Varitronix Limited Provides Unaudited Consolidated Financial Guidance for the Six Months Ended 30 June 2021

Recent updates

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.26 in 1H 2023)

New minor risk - Share price stability

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.26 in 1H 2023)

BOE Varitronix Limited to Report First Half, 2024 Results on Aug 22, 2024

Full year 2023 earnings released: EPS: HK$0.60 (vs HK$0.78 in FY 2022)

Now 21% overvalued

Dividend of HK$0.19 announced

BOE Varitronix Limited, Annual General Meeting, Jun 25, 2024

Full year 2023 earnings released: EPS: HK$0.60 (vs HK$0.78 in FY 2022)

Now 21% overvalued

BOE Varitronix Limited to Report Fiscal Year 2023 Final Results on Mar 21, 2024

Now 28% overvalued

Investor sentiment improves as stock rises 22%

New major risk - Earnings quality

First half 2023 earnings released: EPS: HK$0.26 (vs HK$0.34 in 1H 2022)

BOE Varitronix Limited to Report First Half, 2023 Results on Aug 22, 2023

Upcoming dividend of HK$0.23 per share at 2.0% yield

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: HK$0.78 (vs HK$0.45 in FY 2021)

Now 21% undervalued

BOE Varitronix Limited Appoints Meng Chao as Non-Executive Director

BOE Varitronix Limited Announces Passing Away of Zhang Jianqiang, Non-Executive Director

Now 21% undervalued

Investor sentiment improves as stock rises 16%

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Independent Non-Executive Director recently sold €54k worth of stock

Investor sentiment deteriorated over the past week

BOE Varitronix Limited has completed a Follow-on Equity Offering in the amount of HKD 506.16 million.

First half 2022 earnings released: EPS: HK$0.34 (vs HK$0.13 in 1H 2021)

Investor sentiment improved over the past week

BOE Varitronix Limited Provides Unaudited Consolidated Earnings Guidance for the Six-Month Period Ended 30 June 2022

Upcoming dividend of HK$0.15 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: HK$0.45 (vs HK$0.093 in FY 2020)

Less than half of directors are independent

BOE Varitronix Limited Announces Company Secretary and Authorised Representative

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First half 2021 earnings released: EPS HK$0.13 (vs HK$0.025 in 1H 2020)

Investor sentiment improved over the past week

First half 2021 earnings released: EPS HK$0.13 (vs HK$0.025 in 1H 2020)

Boe Varitronix Limited Provides Earnings Outlook for the Second Half of 2021

BOE Varitronix Limited Provides Unaudited Consolidated Financial Guidance for the Six Months Ended 30 June 2021

Upcoming dividend of HK$0.05 per share

Full year 2020 earnings released: EPS HK$0.093 (vs HK$0.034 in FY 2019)

BOE Varitronix Limited Recommends Final Dividend for the Year Ended 31 December 2020, Payable on 19 July 2021

CEO & Executive Director recently bought €60k worth of stock

Full year 2020 earnings released: EPS HK$0.093 (vs HK$0.034 in FY 2019)

BOE Varitronix Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

New 90-day high: €0.46

New 90-day high: €0.34

New 90-day high: €0.33

First half earnings released

New 90-day high - €0.30

First half earnings released

BOE Varitronix Limited to Report First Half, 2020 Results on Aug 28, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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