Analysts Have Made A Financial Statement On Plastiques du Val de Loire's (EPA:PVL) Half-Year Report

Last week, you might have seen that Plastiques du Val de Loire (EPA:PVL) released its half-yearly result to the market. The early response was not positive, with shares down 5.0% to €3.04 in the past week. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Plastiques du Val de Loire

Taking into account the latest results, Plastiques du Val de Loire's three analysts currently expect revenues in 2023 to be €784.3m, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of €781.6m and earnings per share (EPS) of €0.24 in 2023. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of €3.47, with Plastiques du Val de Loire seemingly executing in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Plastiques du Val de Loire analyst has a price target of €3.80 per share, while the most pessimistic values it at €3.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Plastiques du Val de Loire is an easy business to forecast or the the analysts are all using similar assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Plastiques du Val de Loire's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 0.1% annualised decline to the end of 2023. That is a notable change from historical growth of 0.9% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.0% annually for the foreseeable future. It's pretty clear that Plastiques du Val de Loire's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

At least one of Plastiques du Val de Loire's three analysts has provided estimates out to 2025, which can be seen for free on our platform here.

You should always think about risks though. Case in point, we've spotted 3 warning signs for Plastiques du Val de Loire you should be aware of, and 2 of them are significant.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.