Giant Manufacturing Future Growth

Future criteria checks 3/6

Giant Manufacturing is forecast to grow earnings and revenue by 23.6% and 10.9% per annum respectively. EPS is expected to grow by 22.3% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

23.6%

Earnings growth rate

22.3%

EPS growth rate

Leisure earnings growth	24.5%
Revenue growth rate	10.9%
Future return on equity	13.3%
Analyst coverage	Good
Last updated	19 Sep 2024

Recent future growth updates

Recent updates

There Are Reasons To Feel Uneasy About Giant Manufacturing's (TWSE:9921) Returns On Capital

Feb 29

Should You Think About Buying Giant Manufacturing Co., Ltd. (TPE:9921) Now?

Apr 06

Giant Manufacturing (TPE:9921) Shareholders Booked A 72% Gain In The Last Three Years

Jan 29

We're Watching These Trends At Giant Manufacturing (TPE:9921)

Dec 31

Is Giant Manufacturing (TPE:9921) Using Too Much Debt?

Dec 18

Giant Manufacturing's (TPE:9921) Earnings Are Growing But Is There More To The Story?

Nov 25

Earnings and Revenue Growth Forecasts

TWSE:9921 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	94,068	5,481	4,564	5,970	7
12/31/2025	85,949	4,741	2,225	4,052	9
12/31/2024	77,016	3,608	8,726	7,947	8
6/30/2024	71,599	3,056	13,798	15,263	N/A
3/31/2024	72,897	3,085	12,185	13,820	N/A
12/31/2023	76,954	3,401	8,803	10,590	N/A
9/30/2023	83,270	3,333	6,508	8,722	N/A
6/30/2023	89,622	4,237	3,667	6,093	N/A
3/31/2023	89,903	4,857	-474	2,100	N/A
12/31/2022	92,044	5,844	-2,018	512	N/A
9/30/2022	90,778	6,729	-5,887	-3,390	N/A
6/30/2022	84,855	6,004	-9,387	-6,788	N/A
3/31/2022	83,483	6,051	-9,650	-7,252	N/A
12/31/2021	81,840	5,930	-7,270	-4,960	N/A
9/30/2021	79,453	6,146	-3,060	-939	N/A
6/30/2021	78,975	6,349	3,002	5,033	N/A
3/31/2021	77,305	6,021	8,975	11,210	N/A
12/31/2020	70,011	4,949	8,912	11,398	N/A
9/30/2020	68,248	4,263	8,126	11,213	N/A
6/30/2020	65,761	3,803	3,470	6,818	N/A
3/31/2020	62,078	3,320	-1,208	2,483	N/A
12/31/2019	63,450	3,375	-1,489	1,937	N/A
9/30/2019	62,514	3,553	677	3,354	N/A
6/30/2019	61,783	3,511	1,319	3,932	N/A
3/31/2019	60,960	3,290	2,147	4,592	N/A
12/31/2018	60,239	2,864	68	2,694	N/A
9/30/2018	58,682	2,198	-1,119	1,572	N/A
6/30/2018	57,355	1,937	-1,077	1,243	N/A
3/31/2018	55,634	1,796	N/A	1,430	N/A
12/31/2017	55,212	2,054	N/A	2,733	N/A
9/30/2017	54,932	2,577	N/A	2,732	N/A
6/30/2017	55,166	2,565	N/A	3,014	N/A
3/31/2017	56,419	2,727	N/A	1,626	N/A
12/31/2016	57,221	3,065	N/A	2,447	N/A
9/30/2016	57,346	3,248	N/A	2,462	N/A
6/30/2016	59,298	3,754	N/A	3,797	N/A
3/31/2016	60,185	3,751	N/A	3,759	N/A
12/31/2015	60,418	3,843	N/A	2,713	N/A
9/30/2015	61,320	4,040	N/A	2,178	N/A
6/30/2015	60,909	3,976	N/A	1,544	N/A
3/31/2015	60,433	3,999	N/A	2,064	N/A
12/31/2014	60,045	4,112	N/A	3,899	N/A
9/30/2014	58,321	3,929	N/A	3,737	N/A
6/30/2014	56,535	3,706	N/A	4,512	N/A
3/31/2014	55,351	3,678	N/A	6,158	N/A
12/31/2013	54,392	3,505	N/A	5,466	N/A
9/30/2013	55,103	3,325	N/A	5,191	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9921's forecast earnings growth (23.6% per year) is above the savings rate (1%).

Earnings vs Market: 9921's earnings (23.6% per year) are forecast to grow faster than the TW market (18.3% per year).

High Growth Earnings: 9921's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9921's revenue (10.9% per year) is forecast to grow slower than the TW market (11.7% per year).

High Growth Revenue: 9921's revenue (10.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9921's Return on Equity is forecast to be low in 3 years time (13.3%).

Giant Manufacturing Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%, revenue upgraded

Price target decreased by 7.1% to NT$219

Price target increased by 7.3% to NT$235

Price target increased by 7.4% to NT$229

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 14%, revenue downgraded

Recent updates

Upcoming dividend of NT$5.00 per share

Second quarter 2024 earnings: EPS exceeds analyst expectations

Giant Manufacturing (TWSE:9921) Will Pay A Smaller Dividend Than Last Year

Giant Manufacturing Co., Ltd. Announces Remuneration Committee Member Changes

Giant Manufacturing Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024

Giant Manufacturing's (TWSE:9921) Dividend Is Being Reduced To NT$5.00

Dividend reduced to NT$5.00

Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 19, 2024

Giant Manufacturing (TWSE:9921) Is Reinvesting At Lower Rates Of Return

Consensus EPS estimates fall by 10%, revenue upgraded

When Should You Buy Giant Manufacturing Co., Ltd. (TWSE:9921)?

Giant Manufacturing Co., Ltd. Approves Change of Audit Committee

Giant Manufacturing Co., Ltd. Approves Change of Directors

Is Giant Manufacturing (TWSE:9921) Using Too Much Debt?

First quarter 2024 earnings: EPS exceeds analyst expectations

Giant Manufacturing Co., Ltd. to Report Q1, 2024 Results on May 10, 2024

Giant Manufacturing Co., Ltd.'s (TWSE:9921) P/E Still Appears To Be Reasonable

Giant Manufacturing's (TWSE:9921) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS misses analyst expectations

Is There Now An Opportunity In Giant Manufacturing Co., Ltd. (TWSE:9921)?

Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 21, 2024

There Are Reasons To Feel Uneasy About Giant Manufacturing's (TWSE:9921) Returns On Capital

Now 30% overvalued after recent price rise

Now 21% overvalued

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 7.1% to NT$219

Upcoming dividend of NT$7.80 per share at 3.8% yield

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.3% to NT$235

Price target increased by 7.4% to NT$229

Giant Manufacturing Co., Ltd. Announces Cash Dividend, Payable on September 20, 2023

New major risk - Financial position

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 14%, revenue downgraded

Consensus EPS estimates fall by 31%

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased by 9.8% to NT$217

Now 23% undervalued after recent price drop

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to NT$260

Upcoming dividend of NT$10.00 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to NT$343

Now 22% undervalued after recent price drop

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022

Giant Manufacturing Co., Ltd., Annual General Meeting, Jun 23, 2022

Price target decreased to NT$361

Giant Manufacturing Co., Ltd. Provides Revenue Guidance for the Year 2022

Now 21% undervalued

Third quarter 2021 earnings released: EPS NT$3.41 (vs NT$3.96 in 3Q 2020)

Upcoming dividend of NT$8.00 per share

Second quarter 2021 earnings released: EPS NT$4.93 (vs NT$4.06 in 2Q 2020)

Director Anthony Lo has left the company

Independent Director Chung-Yi Wu has left the company

First quarter 2021 earnings released: EPS NT$4.54 (vs NT$1.68 in 1Q 2020)

Consensus EPS estimates increase to NT$15.42

Price target increased to NT$377

Should You Think About Buying Giant Manufacturing Co., Ltd. (TPE:9921) Now?

Full year 2020 earnings released: EPS NT$13.19 (vs NT$9.00 in FY 2019)

Investor sentiment improved over the past week

Giant Manufacturing (TPE:9921) Shareholders Booked A 72% Gain In The Last Three Years

New 90-day high: NT$293

We're Watching These Trends At Giant Manufacturing (TPE:9921)

Is Giant Manufacturing (TPE:9921) Using Too Much Debt?