Dongyue Group Future Growth

Future criteria checks 4/6

Dongyue Group is forecast to grow earnings and revenue by 42.6% and 10.5% per annum respectively. EPS is expected to grow by 43.3% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

42.6%

Earnings growth rate

43.3%

EPS growth rate

Chemicals earnings growth	47.3%
Revenue growth rate	10.5%
Future return on equity	11.0%
Analyst coverage	Low
Last updated	23 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:189 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	19,285	2,341	N/A	2,170	3
12/31/2025	18,052	1,806	N/A	3,128	4
12/31/2024	16,617	1,163	N/A	2,915	4
6/30/2024	14,556	732	-547	1,072	N/A
3/31/2024	14,525	720	-542	1,224	N/A
12/31/2023	14,493	708	-537	1,376	N/A
9/30/2023	15,803	1,577	-135	2,313	N/A
6/30/2023	17,113	2,447	266	3,250	N/A
3/31/2023	18,570	3,151	747	4,166	N/A
12/31/2022	20,028	3,856	1,228	5,083	N/A
9/30/2022	19,757	3,510	990	5,166	N/A
6/30/2022	19,486	3,164	752	5,250	N/A
3/31/2022	17,665	2,620	353	4,582	N/A
12/31/2021	15,844	2,075	-46	3,914	N/A
9/30/2021	13,861	1,523	157	3,174	N/A
6/30/2021	11,879	971	360	2,435	N/A
3/31/2021	10,962	872	433	2,348	N/A
12/31/2020	10,044	772	506	2,261	N/A
9/30/2020	10,796	901	477	2,179	N/A
6/30/2020	11,548	1,030	448	2,097	N/A
3/31/2020	12,253	1,246	642	2,214	N/A
12/31/2019	12,959	1,463	836	2,330	N/A
9/30/2019	12,926	1,611	1,579	2,867	N/A
6/30/2019	12,893	1,759	2,323	3,404	N/A
3/31/2019	13,556	1,944	2,652	3,639	N/A
12/31/2018	14,219	2,129	2,982	3,873	N/A
9/30/2018	13,470	2,114	2,272	3,181	N/A
6/30/2018	12,721	2,098	1,563	2,489	N/A
3/31/2018	11,429	1,850	N/A	1,806	N/A
12/31/2017	10,137	1,601	N/A	1,122	N/A
9/30/2017	9,534	1,296	N/A	1,226	N/A
6/30/2017	8,931	990	N/A	1,330	N/A
3/31/2017	8,451	789	N/A	1,438	N/A
12/31/2016	7,970	588	N/A	1,546	N/A
9/30/2016	7,577	-16	N/A	1,268	N/A
6/30/2016	7,184	-620	N/A	990	N/A
3/31/2016	7,108	-655	N/A	777	N/A
12/31/2015	7,032	-690	N/A	564	N/A
9/30/2015	7,398	-80	N/A	986	N/A
6/30/2015	7,764	530	N/A	596	N/A
3/31/2015	7,682	506	N/A	1,064	N/A
12/31/2014	7,600	483	N/A	1,533	N/A
9/30/2014	7,349	465	N/A	1,192	N/A
6/30/2014	7,099	446	N/A	1,664	N/A
3/31/2014	6,941	456	N/A	1,389	N/A
12/31/2013	6,783	466	N/A	1,114	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 189's forecast earnings growth (42.6% per year) is above the savings rate (2.3%).

Earnings vs Market: 189's earnings (42.6% per year) are forecast to grow faster than the Hong Kong market (11.5% per year).

High Growth Earnings: 189's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 189's revenue (10.5% per year) is forecast to grow faster than the Hong Kong market (7.7% per year).

High Growth Revenue: 189's revenue (10.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 189's Return on Equity is forecast to be low in 3 years time (11%).

Dongyue Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Dongyue Group Limited Provides Earnings Guidance for the Six Months Ending 30 June, 2023

Dongyue Group Limited Provides Consolidated Earnings Guidance for the Year Ending 31 December 2022

Dongyue Group Limited Provides Earnings Guidance for the Six Months Ending June 30, 2021

Dongyue Group Limited Provides Unaudited Consolidated Earnings Guidance for the Five Months Ended May 31, 2021

Dongyue Group Limited Revised Financial Guidance for the Year Ended 31 December 2020

Recent updates

First half 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1H 2023)

Now 28% overvalued

Investor sentiment improves as stock rises 16%

First half 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1H 2023)

Dongyue Group Limited to Report First Half, 2024 Results on Aug 28, 2024

Dongyue Group Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.10 per share

Investor sentiment improves as stock rises 23%

Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥1.73 in FY 2022)

Dividend of HK$0.10 announced

Dongyue Group Limited, Annual General Meeting, Jun 06, 2024

Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥1.73 in FY 2022)

Dongyue Group Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 12 July 2024

Dongyue Group Limited to Report Fiscal Year 2023 Results on Mar 26, 2024

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 15%

Now 29% overvalued after recent price rise

Now 21% overvalued

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 20%

First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.76 in 1H 2022)

Dongyue Group Limited to Report First Half, 2023 Results on Aug 25, 2023

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 20%

Dongyue Group Limited Provides Earnings Guidance for the Six Months Ending 30 June, 2023

Upcoming dividend of HK$0.60 per share at 8.2% yield

Full year 2022 earnings released: EPS: CN¥1.73 (vs CN¥0.98 in FY 2021)

Dongyue Group Limited Provides Consolidated Earnings Guidance for the Year Ending 31 December 2022

Less than half of directors are independent

Investor sentiment improved over the past week

First half 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.29 in 1H 2021)

Dongyue Group Limited to Report First Half, 2022 Results on Aug 22, 2022

Dongyue Group Limited Announces Demise of Zhang Bishu, Executive Director and Member of Corporate Governance

Dongyue Group Limited Provides Earnings Guidance for the Six Months Ending June 30, 2021

Upcoming dividend of HK$0.34 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: CN¥0.98 (vs CN¥0.38 in FY 2020)

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Dongyue Group Limited, Annual General Meeting, Jun 09, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Dongyue Group Limited to Report Fiscal Year 2021 Results on Mar 21, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

CFO, VP & Executive Director recently bought HK$1.5m worth of stock

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Dongyue Group Limited has completed a Follow-on Equity Offering in the amount of HKD 3.335 billion.

First half 2021 earnings released: EPS CN¥0.29 (vs CN¥0.20 in 1H 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Executive Director recently sold HK$3.7m worth of stock

Investor sentiment improved over the past week

Dongyue Group Limited Provides Unaudited Consolidated Earnings Guidance for the Five Months Ended May 31, 2021

Upcoming dividend of HK$0.14 per share

Full year 2020 earnings released: EPS CN¥0.38 (vs CN¥0.70 in FY 2019)

Investor sentiment improved over the past week

Dongyue Group Limited Announces Change of Executive Director and Independent Non-Executive Director

Executive Director has left the company

Independent Non Executive Director has left the company

Dongyue Group Limited, Annual General Meeting, Jun 10, 2021

Full year 2020 earnings released: EPS CN¥0.37 (vs CN¥0.70 in FY 2019)

New 90-day high: HK$7.03

Investor sentiment improved over the past week

Dongyue Group Limited to Report Fiscal Year 2020 Results on Mar 09, 2021

Investor sentiment deteriorated over the past week

Dongyue Group Limited Revised Financial Guidance for the Year Ended 31 December 2020