Analysis 2323 for 1day
5/23/2024
Analysis of 2323
Fonfun Corporation, with the symbol 2323, has shown some interesting price movements and technical indicators in the recent days:1. Price Movement:
- The closing prices have been fluctuating between 779 and 838 in the past few days.
- The stock opened at 821 on the latest available date and closed at 838, showing an upward movement.
2. Technical Indicators:
- RSI (Relative Strength Index) has been hovering around 40 to 53, indicating a neutral to slightly bullish sentiment.
- MACD (Moving Average Convergence Divergence) histogram has been positive, suggesting a potential bullish momentum.
- Moving Averages (SMA, EMA, WMA) have been relatively close to each other, indicating a stable trend.
3. Overall, Fonfun Corporation seems to be in a consolidation phase with a slight bullish bias based on the technical indicators. Traders and investors may want to monitor the price movements closely for potential trading opportunities.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided yet. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The quarter before that, ending on January 31, 2025, had results released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company reported an EPS estimate of 1.33.Main Statystic ðŸ§
The company's financials show a strong cash flow, with operating cash flow at $110.56 billion and levered free cash flow at $84.73 billion. The balance sheet indicates a total cash of $67.15 billion, total debt of $104.59 billion, and a current ratio of 1.037. The book value per share is $4.837, while the total cash per share is $4.379. The total debt to equity ratio is high at 140.968. The profit margin is 26.31% and the operating margin is 30.74%. The company's fiscal year ends on September 30, 2023.In terms of income statement, the company has an EBITDA of $131.39 billion, revenue of $381.62 billion, and a diluted EPS of $6.44. The gross profit is $169.15 billion, with revenue per share at $24.537. The net income to common is $100.39 billion, with a quarterly revenue growth of -4.3% and quarterly earnings growth year-over-year of -2.2%. The return on assets is 22.07% and the return on equity is 147.25%. The most recent quarter ended on March 31, 2024.
Looking at stock statistics, the short ratio is 1.66 and the float shares are 15.31 billion. There are 94.31 million shares shorted, with an average 10-day volume of 52.90 million and an average 90-day volume of 62.82 million. The shares outstanding are 15.33 billion, with 5.22% held by insiders and 57.55% held by institutions. The short percent of shares outstanding is 0.62%.
In terms of valuation metrics, the PEG ratio is high at 26.21, with a forward PE of 26.21 and a trailing PE of 29.43. The enterprise value is $2.95 trillion, with a price to book ratio of 39.18 and a price to sales ratio of 7.62. The enterprise to EBITDA ratio is 22.75 and the enterprise to revenue ratio is 7.73. The market capitalization is $2.91 trillion.
The stock price summary shows a beta of 1.264, with a 50-day moving average of $173.69 and a 200-day moving average of $180.79. The fifty-two week low is $164.08, the fifty-two week high is $199.62, and the change over the fifty-two weeks is 8.25%.
Lastly, in terms of dividends and splits, the company has a payout ratio of 14.93% and a forward annual dividend rate of $1. The 5-year average dividend yield is 0.73% and the forward annual dividend yield is 0.53%. The trailing annual dividend rate is $0.97 and the trailing annual dividend yield is 0.51%. The dividend date is May 16, 2024, with the ex-dividend date on May 10, 2024. The last split date was on August 31, 2020, with a 4-for-1 split.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $83,776,900,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 24.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $92,375,300,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 24.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $386,681,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 37.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $411,555,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 37.
These estimates indicate a generally positive outlook for the company, with expected growth in both quarterly and annual sales over the coming periods.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions about the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average annual growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated average annual growth rate for the next 5 years is 11%.
These estimates suggest that the company has experienced significant growth in the past but is expected to see a more moderate growth rate in the coming years, with the next year showing a slightly higher growth rate compared to the current year.
Price target
Based on the analysts' forecast, the future price of the security is expected to range between $164 (low) and $250 (high), with a median estimate of $200 and an average estimate of $202.26. The current price of the security is $191.57.Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales have been increasing steadily over the past four years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. The gross profit margin has been relatively stable, ranging from 38% to 44% over the same period.
3. Operating income has also shown a consistent growth trend, reaching $114.3 billion in 2023 from $66.3 billion in 2020.
4. Net income has been increasing year over year, with a significant jump from $57.4 billion in 2020 to $97 billion in 2023.
5. Earnings per share (EPS) have shown a slight fluctuation but have generally been on an upward trajectory.
6. The company has been able to manage its operating expenses effectively, with a slight increase in absolute terms but a decrease as a percentage of sales.
7. The effective tax rate has remained relatively stable, ranging from 21% to 23%.
8. The company has been able to generate positive EBITDA each year, indicating its operational efficiency and profitability.
9. Overall, the financial performance of the company has been strong, with consistent revenue growth and improving profitability metrics.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching $365,725,000,000 in 2018.
2. Current assets include cash, inventory, and receivables, with a significant portion in cash equivalents and short-term investments.
3. Non-current assets consist mainly of investments and advances, along with machinery, furniture, and equipment.
4. Total liabilities have also been increasing, but at a slower pace compared to assets.
5. Shareholders' equity has shown an overall positive trend, indicating a healthy financial position.
6. The company has been investing in non-current assets, which could indicate growth and expansion strategies.
7. The company has been managing its short-term debts and current liabilities effectively.
8. Accumulated depreciation has been significant, affecting the value of non-current assets.
9. The company has been retaining earnings and maintaining a positive shareholders' equity position.
10. Overall, the financial health of the company seems stable and growing steadily.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. Financing activities show significant fluctuations, with large amounts being spent on common stock repurchase and debt issuance and payments.
4. Investing activities also vary, with significant amounts being spent on the sale and purchase of investments.
5. The end cash position has been fluctuating, but overall, the company seems to maintain a healthy cash reserve.
6. Interest paid has been relatively stable over the years, while income tax paid shows some variation.
7. Stock-based compensation has also been increasing over the years, indicating a potential focus on employee incentives.
8. The company has been paying dividends consistently, with varying amounts each year.
These conclusions provide insights into the company's financial performance and strategic decisions over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share:1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.33, with a low estimate of $1.27 and a high estimate of $1.36. This shows growth compared to the EPS of $1.26 from a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.53, with a low estimate of $1.44 and a high estimate of $1.63. This indicates an increase from the EPS of $1.46 from a year ago.
3. For the current fiscal year ending on September 30, 2024, the average EPS estimate is $6.59, with a low estimate of $6.43 and a high estimate of $6.92. This reflects growth compared to the EPS of $6.13 from the previous year.
4. Looking ahead to the next fiscal year ending on September 30, 2025, the average EPS estimate is $7.23, with a low estimate of $6.40 and a high estimate of $7.90. This suggests an increase from the EPS of $6.59 from the current fiscal year.
Overall, the analysts' estimates indicate a positive outlook for the company's earnings per share, with expected growth in both the short term and the long term.
MACD of 2323
This is not investment advice. Remember to verify the information provided here.
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