Analysis Bihar Sponge Iron Limited (BIHSPONG)
6/5/2024
Analysis of Bihar Sponge Iron Limited (BIHSPONG)
Bihar Sponge Iron Limited (BIHSPONG) has shown some fluctuations in its stock price over the past few days. The RSI indicator has been hovering around 50, indicating a neutral trend. The MACD indicator has shown some positive values, suggesting a potential bullish momentum.The stock price closed at 14.39 on the most recent trading day, slightly lower than the previous day's close of 14.68. The moving averages (SMA, EMA, WMA) have been relatively close to each other, indicating a stable trend.
Overall, BIHSPONG seems to be trading in a range-bound pattern with some bullish signals from the MACD indicator. Traders and investors may want to monitor the stock closely for any potential breakout or reversal in the coming days.
Revenue estimate
The analysts' estimates for the future quarterly and annual sales of the company indicate a moderate growth trend.For the current quarter ending on June 30, 2024, the average estimate is $77,545,400,000, with a sales growth of 2% compared to the same period last year. The estimates range from $75,869,000,000 to $79,035,500,000.
Looking at the next quarter ending on September 30, 2024, the average estimate is $85,501,800,000, showing a sales growth of 3% year-over-year. The estimates vary from $81,634,900,000 to $91,144,800,000.
For the current fiscal year ending on September 30, 2024, the average estimate is $357,772,000,000, with a sales growth of 1% compared to the previous year. The estimates range from $350,189,000,000 to $364,505,000,000.
In the following fiscal year ending on September 30, 2025, the average estimate is $380,772,000,000, indicating a significant sales growth of 6% year-over-year. The estimates vary from $353,721,000,000 to $403,636,000,000.
Overall, the estimates suggest a steady growth trajectory for the company's sales in both the short term and the long term, with analysts forecasting positive performance compared to the previous periods.
Growth estimates
Based on the consensus estimates provided by analysts, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.1%.
2. Next Quarter: The estimated growth rate for the next quarter is 5.2%.
3. Current Year: The estimated growth rate for the current year is 7.6%.
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 9.7%.
These estimates suggest a positive growth trend for the company, with a slight slowdown compared to the past 5 years but still showing healthy growth prospects in the near future.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $275
- Median: $201.43
- Average: $204.58
- Current price: $192.25
Based on these forecasts, it appears that the analysts are generally optimistic about the future price of the security, with a median forecast above the current price. The range between the low and high forecasts is quite wide, indicating some uncertainty or differing opinions among analysts.
Earnings
The company's results for the most recent quarter, as of April 30, 2025, have not been provided at this time. The previous results from February 27, 2025, were handled by the Transfer Agent. The results from January 31, 2025, were released after hours. The results from October 31, 2024, were not provided at the time. However, on August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive current ratio and a high total debt to equity ratio. The profit margin and operating margin are both favorable, and the company shows good returns on assets and equity. The fiscal year ends in September 2023, with notable figures in revenue, EBITDA, and net income.
Stock statistics reveal details such as short ratio, float shares, shares outstanding, and insider and institutional ownership percentages. The company's stock price summary includes beta, moving averages, and the range of the stock price over the past year.
Valuation metrics show metrics like P/E ratios, enterprise value, price to book, and price to sales ratios. The market capitalization is also provided.
Lastly, dividends and splits information includes details on payout ratio, dividend dates, split dates, and dividend yields. The company has a history of dividends and splits, with both forward and trailing dividend rates and yields mentioned.
Income statement 💸
These are the revenue figures. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite the increase in sales, the cost of goods sold has also been rising, indicating a potential need for cost management.
3. The gross profit margin has remained relatively stable over the years, indicating efficient cost control measures.
4. Operating income has shown a positive trend, reaching $114.3 billion in 2023 from $66.3 billion in 2020.
5. Net income has also been increasing consistently, from $57.4 billion in 2020 to $97 billion in 2023.
6. Earnings per share (EPS) have shown a slight fluctuation but have generally been on an upward trajectory.
7. The company has been able to maintain a healthy EBITDA margin, indicating strong operational performance.
8. Overall, the financial performance of the company in terms of revenue and profitability has been positive and improving over the years.
Balance Sheet
These are balance sheets. Here are the conclusions based on the data provided:1. The total assets have been increasing over the years, indicating growth in the company's overall value.
2. Current assets have fluctuated, with some years showing higher cash reserves and others showing higher inventory levels.
3. Non-current assets have generally increased, especially in investments and advances.
4. Total liabilities have also been on the rise, but at a slower pace compared to total assets.
5. Shareholders' equity has shown variations, with some years having higher retained earnings and others having higher common stock values.
6. The company seems to be investing more in non-current assets and long-term debt, which could indicate expansion plans.
7. Overall, the financial health of the company appears stable, with a good balance between assets, liabilities, and equity.
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 over the years, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show a pattern of common stock repurchase, long-term debt issuance, and payments, with significant fluctuations in amounts each year.
6. Investing activities reflect the sale and purchase of investments, capital expenditures, and other investing activities, with varying cash flows each year.
These conclusions provide insights into the company's financial performance and management of cash flows 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 $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. The EPS estimate is also higher than the $1.35 reported in the same quarter last year.
3. Looking at the estimates for the current year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects growth from the EPS of $5.67 in the previous year.
4. For the next year ending on September 30, 2025, analysts project an average EPS of $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This indicates a slight increase from the EPS of $6.10 in the previous year.
Overall, the analysts' estimates suggest a positive outlook for the company's earnings per share in both the short term and the long term.
MACD of BIHSPONG
This is not investment advice. Remember to verify the information provided here.
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