Ray Future Growth
Future criteria checks 5/6
Ray is forecast to grow earnings and revenue by 90.4% and 29.6% per annum respectively. EPS is expected to grow by 90.7% per annum. Return on equity is forecast to be 13.5% in 3 years.
Key information
90.4%
Earnings growth rate
90.67%
EPS growth rate
| Medical Equipment earnings growth | 29.8% |
| Revenue growth rate | 29.6% |
| Future return on equity | 13.54% |
| Analyst coverage | Low |
| Last updated | 15 May 2025 |
Recent future growth updates
Recent updates
Further Upside For Ray Co., Ltd. (KOSDAQ:228670) Shares Could Introduce Price Risks After 35% Bounce
May 08
Ray (KOSDAQ:228670) Is Carrying A Fair Bit Of Debt
Mar 07Improved Revenues Required Before Ray Co., Ltd. (KOSDAQ:228670) Stock's 26% Jump Looks Justified
Jan 21We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt
Nov 13Ray 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 | 228,790 | 26,591 | 17,047 | 12,000 | 2 |
| 12/31/2026 | 191,502 | 19,599 | 14,228 | 29,000 | 2 |
| 12/31/2025 | 156,036 | 13,032 | -4,182 | 1,000 | 2 |
| 3/31/2025 | 86,939 | -52,757 | 9,508 | 12,810 | N/A |
| 12/31/2024 | 79,843 | -60,427 | -2,891 | 205 | N/A |
| 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 | N/A | 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 (2.8%).
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 (29.6% per year) is forecast to grow faster than the KR market (7.4% per year).
High Growth Revenue: A228670's revenue (29.6% 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 low in 3 years time (13.5%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/24 03:39 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
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. |