Ray Future Growth
Future criteria checks 6/6
Ray is forecast to grow earnings and revenue by 61.5% and 30.3% per annum respectively. EPS is expected to grow by 60.5% per annum. Return on equity is forecast to be 21.4% in 3 years.
Key information
61.5%
Earnings growth rate
60.5%
EPS growth rate
| Medical Equipment earnings growth | 36.2% |
| Revenue growth rate | 30.3% |
| Future return on equity | 21.4% |
| Analyst coverage | Low |
| Last updated | 24 Dec 2024 |
Recent future growth updates
Recent updates
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt
Nov 13
Ray Co., Ltd. (KOSDAQ:228670) Not Doing Enough For Some Investors As Its Shares Slump 32%
Aug 05Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet
Jul 24Market Still Lacking Some Conviction On Ray Co., Ltd. (KOSDAQ:228670)
May 25The Returns On Capital At Ray (KOSDAQ:228670) Don't Inspire Confidence
Mar 14Is Ray (KOSDAQ:228670) Using Too Much Debt?
Mar 16What Type Of Shareholders Make Up Ray Co., Ltd.'s (KOSDAQ:228670) Share Registry?
Feb 21With A Return On Equity Of 13%, Has Ray Co., Ltd.'s (KOSDAQ:228670) Management Done Well?
Feb 02We Wouldn't Rely On Ray's (KOSDAQ:228670) Statutory Earnings As A Guide
Jan 14
If You Had Bought Ray (KOSDAQ:228670) Shares A Year Ago You'd Have Earned 11% Returns
Dec 27Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly
Dec 08Has Ray (KOSDAQ:228670) Got What It Takes To Become A Multi-Bagger?
Nov 19Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2027 | 294,580 | 45,182 | 30,094 | N/A | 1 |
| 12/31/2026 | 194,302 | 35,097 | 7,228 | 49,000 | 2 |
| 12/31/2025 | 158,986 | 23,764 | -6,682 | 19,000 | 2 |
| 12/31/2024 | 92,100 | 13,708 | 2,000 | 5,000 | 1 |
| 9/30/2024 | 112,546 | -28,201 | -22,948 | -19,691 | N/A |
| 6/30/2024 | 128,613 | -22,552 | -39,529 | -36,932 | N/A |
| 3/31/2024 | 143,226 | -4,452 | -37,230 | -34,649 | N/A |
| 12/31/2023 | 145,882 | -2,146 | -25,443 | -22,791 | N/A |
| 9/30/2023 | 145,143 | 7,518 | -23,985 | -20,132 | N/A |
| 6/30/2023 | 139,591 | 6,462 | -46,909 | -19,720 | N/A |
| 3/31/2023 | 131,396 | 5,346 | -41,773 | -10,358 | N/A |
| 12/31/2022 | 128,998 | 7,957 | -40,940 | -8,231 | N/A |
| 9/30/2022 | 108,356 | -5,628 | -54,083 | -4,501 | N/A |
| 6/30/2022 | 100,533 | -2,984 | -19,860 | 8,764 | N/A |
| 3/31/2022 | 93,026 | 1,241 | -13,752 | 10,660 | N/A |
| 12/31/2021 | 90,336 | -13 | -12,233 | 11,172 | N/A |
| 9/30/2021 | 84,681 | 12,727 | 9,300 | 15,001 | N/A |
| 6/30/2021 | 73,676 | 9,988 | 8,771 | 15,267 | N/A |
| 3/31/2021 | 57,803 | 4,645 | 921 | 8,407 | N/A |
| 12/31/2020 | 55,205 | 7,904 | -4,416 | 2,903 | N/A |
| 9/30/2020 | 57,260 | 7,979 | -5,194 | 2,262 | N/A |
| 6/30/2020 | 61,781 | 8,891 | -5,777 | -874 | N/A |
| 3/31/2020 | 71,986 | 12,340 | 125 | 3,760 | N/A |
| 12/31/2019 | 73,109 | 11,555 | 2,546 | 6,040 | N/A |
| 9/30/2019 | 69,512 | 10,843 | 1,694 | 4,973 | N/A |
| 3/31/2019 | 57,594 | 7,019 | 984 | 3,371 | N/A |
| 12/31/2018 | 51,534 | 5,251 | 2,011 | 4,298 | N/A |
| 12/31/2017 | 32,929 | 1,154 | N/A | 1,101 | N/A |
| 12/31/2016 | 26,499 | 1,713 | N/A | 582 | N/A |
| 12/31/2015 | 20,528 | 207 | N/A | -1,370 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: A228670 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: A228670 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: A228670 is expected to become profitable in the next 3 years.
Revenue vs Market: A228670's revenue (30.3% per year) is forecast to grow faster than the KR market (9% per year).
High Growth Revenue: A228670's revenue (30.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: A228670's Return on Equity is forecast to be high in 3 years time (21.4%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 14:07 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ray Co., Ltd. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sanjeev Rana | CLSA |
| Brian Lee | CLSA |
| Sae-rom Lee | Daishin Securities Co. Ltd. |