Gourmet Master Future Growth

Future criteria checks 1/6

Gourmet Master is forecast to grow earnings and revenue by 17.7% and 2.3% per annum respectively. EPS is expected to grow by 17.7% per annum. Return on equity is forecast to be 9.2% in 3 years.

Key information

17.7%

Earnings growth rate

17.7%

EPS growth rate

Hospitality earnings growth	13.7%
Revenue growth rate	2.3%
Future return on equity	9.2%
Analyst coverage	Low
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Is There An Opportunity With Gourmet Master Co. Ltd.'s (TPE:2723) 41% Undervaluation?

Mar 08

Does Gourmet Master Co. Ltd.'s (TPE:2723) Weak Fundamentals Mean That The Market Could Correct Its Share Price?

Feb 24

Here's Why We Think Gourmet Master's (TPE:2723) Statutory Earnings Might Be Conservative

Jan 31

Gourmet Master (TPE:2723) Seems To Use Debt Quite Sensibly

Jan 19

How Much Of Gourmet Master Co. Ltd. (TPE:2723) Do Insiders Own?

Jan 07

Reflecting on Gourmet Master's (TPE:2723) Share Price Returns Over The Last Three Years

Dec 27

What Does Gourmet Master Co. Ltd.'s (TPE:2723) Share Price Indicate?

Dec 16

Are Investors Undervaluing Gourmet Master Co. Ltd. (TPE:2723) By 38%?

Dec 05

Has Gourmet Master (TPE:2723) Got What It Takes To Become A Multi-Bagger?

Nov 25

Earnings and Revenue Growth Forecasts

TWSE:2723 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	21,949	1,250	N/A	N/A	2
12/31/2025	21,111	1,202	2,590	3,322	5
12/31/2024	19,674	1,007	1,892	2,761	2
12/31/2023	20,424	757	1,810	3,013	N/A
9/30/2023	20,542	870	1,921	3,117	N/A
6/30/2023	20,540	806	1,295	2,919	N/A
3/31/2023	19,860	492	1,608	3,117	N/A
12/31/2022	19,514	483	1,099	2,555	N/A
9/30/2022	19,401	533	1,465	2,878	N/A
6/30/2022	19,339	635	1,949	2,944	N/A
3/31/2022	19,838	1,081	2,399	3,380	N/A
12/31/2021	19,861	1,093	2,622	3,583	N/A
9/30/2021	20,080	1,263	2,954	3,950	N/A
6/30/2021	20,310	1,389	3,557	4,286	N/A
3/31/2021	19,852	1,201	3,245	3,867	N/A
12/31/2020	19,679	1,015	2,506	3,905	N/A
9/30/2020	20,189	829	2,146	3,570	N/A
6/30/2020	20,761	674	1,872	3,512	N/A
3/31/2020	22,152	681	2,221	4,035	N/A
12/31/2019	23,157	933	3,363	4,546	N/A
9/30/2019	23,264	1,062	3,223	4,537	N/A
6/30/2019	23,353	1,182	1,636	3,146	N/A
3/31/2019	23,686	1,485	1,699	3,340	N/A
12/31/2018	24,115	1,668	1,319	3,243	N/A
9/30/2018	24,394	1,955	1,342	3,307	N/A
6/30/2018	24,607	2,202	2,484	4,567	N/A
3/31/2018	23,801	2,160	2,041	4,247	N/A
12/31/2017	23,018	2,138	1,633	3,479	N/A
9/30/2017	22,396	2,063	N/A	3,679	N/A
6/30/2017	21,838	1,953	N/A	3,487	N/A
3/31/2017	21,931	1,850	N/A	3,060	N/A
12/31/2016	22,047	1,741	N/A	3,285	N/A
9/30/2016	21,981	1,588	N/A	2,945	N/A
6/30/2016	21,837	1,507	N/A	2,893	N/A
3/31/2016	21,150	1,319	N/A	2,711	N/A
12/31/2015	20,457	1,139	N/A	2,543	N/A
9/30/2015	19,848	1,000	N/A	2,220	N/A
6/30/2015	19,099	711	N/A	2,240	N/A
3/31/2015	18,478	534	N/A	1,975	N/A
12/31/2014	17,921	528	N/A	1,867	N/A
9/30/2014	17,011	407	N/A	1,542	N/A
6/30/2014	16,279	441	N/A	1,228	N/A
3/31/2014	15,748	572	N/A	1,526	N/A
12/31/2013	15,114	574	N/A	1,490	N/A
9/30/2013	14,723	649	N/A	1,433	N/A
6/30/2013	14,254	746	N/A	2,002	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2723's forecast earnings growth (17.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 2723's earnings (17.7% per year) are forecast to grow slower than the TW market (19.6% per year).

High Growth Earnings: 2723's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2723's revenue (2.3% per year) is forecast to grow slower than the TW market (10.5% per year).

High Growth Revenue: 2723's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2723's Return on Equity is forecast to be low in 3 years time (9.2%).

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Gourmet Master Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 13% to NT$118

Consensus EPS estimates fall by 12%

Price target decreased by 7.8% to NT$142

Price target decreased by 10% to NT$147

Consensus EPS estimates increase by 12%

Price target increased by 10% to NT$186

Recent updates

Gourmet Master Co. Ltd. to Report Q1, 2024 Results on May 09, 2024

Gourmet Master's (TWSE:2723) Earnings May Just Be The Starting Point

Full year 2023 earnings: EPS misses analyst expectations

Gourmet Master Co. Ltd., Annual General Meeting, Jun 12, 2024

Gourmet Master Co. Ltd. Approves Cash Dividend for 2023

Price target decreased by 13% to NT$118

Consensus EPS estimates fall by 12%

Price target decreased by 7.8% to NT$142

Third quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 10% to NT$147

Consensus EPS estimates increase by 12%

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

New minor risk - Dividend sustainability

Price target increased by 10% to NT$186

Upcoming dividend of NT$2.50 per share at 1.6% yield

First quarter 2023 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 17%

Full year 2022 earnings: EPS misses analyst expectations

Price target increased by 10% to NT$156

Price target increased by 9.4% to NT$133

Price target increased to NT$122

Investor sentiment improved over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Now 22% undervalued after recent price drop

Second quarter 2022 earnings: EPS misses analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Price target increased to NT$111

Investor sentiment improved over the past week

Upcoming dividend of NT$5.00 per share

Gourmet Master Co. Ltd. Appoints Wu Meng Ta as Director

First quarter 2022 earnings: EPS exceeds analyst expectations

Less than half of directors are independent

Full year 2021 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Price target decreased to NT$136

Gourmet Master Co. Ltd., Annual General Meeting, Jun 02, 2022

Third quarter 2021 earnings released: EPS NT$1.49 (vs NT$2.19 in 3Q 2020)

Second quarter 2021 earnings released: EPS NT$2.20 (vs NT$1.16 in 2Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of NT$4.00 per share

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS NT$1.40 (vs NT$0.36 in 1Q 2020)

Price target increased to NT$180

Is Gourmet Master (TPE:2723) A Risky Investment?

Full year 2020 earnings released: EPS NT$5.64 (vs NT$5.18 in FY 2019)

Price target increased to NT$161

Our Take On The Returns On Capital At Gourmet Master (TPE:2723)

Gourmet Master Co. Ltd., Annual General Meeting, Jun 04, 2021

Is There An Opportunity With Gourmet Master Co. Ltd.'s (TPE:2723) 41% Undervaluation?

New 90-day high: NT$166

Does Gourmet Master Co. Ltd.'s (TPE:2723) Weak Fundamentals Mean That The Market Could Correct Its Share Price?

Here's Why We Think Gourmet Master's (TPE:2723) Statutory Earnings Might Be Conservative

Gourmet Master (TPE:2723) Seems To Use Debt Quite Sensibly

How Much Of Gourmet Master Co. Ltd. (TPE:2723) Do Insiders Own?

Reflecting on Gourmet Master's (TPE:2723) Share Price Returns Over The Last Three Years

What Does Gourmet Master Co. Ltd.'s (TPE:2723) Share Price Indicate?

New 90-day high: NT$160

Are Investors Undervaluing Gourmet Master Co. Ltd. (TPE:2723) By 38%?

Has Gourmet Master (TPE:2723) Got What It Takes To Become A Multi-Bagger?

Analysts update estimates

Third quarter 2020 earnings released: EPS NT$2.19

Revenue and earnings beat expectations

Market bids up stock over the past week

Price target raised to NT$113

New 90-day high: NT$119

Price target raised to NT$102

Analysts update estimates