Your business may be on the verge of an important milestone, so we thought we'd take a closer look at: CICT Mobile Communication Technology Co., Ltd. (SHSE:688387) Future prospects. CICT Mobile Communication Technology Co., Ltd., a company with a market capitalization of CAD 22 billion, announced a loss of CAD 370 million in its most recent fiscal year results on December 31, 2023. Many investors are wondering how profitable CICT Mobile Communication Technology will be, and the biggest question is, “When will the company break even?” Below is a summary of industry analyst expectations for the company.

Get our latest analysis on CICT Mobile Communications Technology.

According to three industry analysts covering CICT mobile communications technology, the consensus is that breakeven is near. They predict that the company will incur a final loss in his 2023, but in 2024 he will be in the black of CAD 65 million. That means the company is expected to break even within about a year from now. How fast does a company need to grow to reach the consensus forecast of breaking even by 2024? Working backwards from analyst expectations, the company has grown an average of 138% year over year. This shows that analysts have high confidence in the company. If that rate turns out to be too strong, the company could turn a profit much later than analysts expected.

SHSE:688387 Earnings per share growth (April 8, 2024)

As this is a high-level overview, we will not discuss company-specific developments in CICT mobile communications technology, but note that high growth rates are generally not unusual, especially when growth rates are high. please. The company is in an investment period.

One thing we'd like to point out is that the company manages its capital carefully, with 30% of its equity comprised of debt. This means that the company primarily funds its operations with equity and has less debt, reducing the risks associated with investing in loss-making companies.

Next steps:

There are important fundamentals of CICT mobile communications technology that are not covered in this article, but it is worth stressing again that this is just a basic overview. For a more comprehensive overview of CICT Mobile Communications Technology, please visit the CICT Mobile Communications Technology company page on Simply Wall Street. We have also compiled a list of important aspects to look out for.

  1. Achievements so far: How has CICT Mobile Communications Technology performed in the past? Find out more with our past performance analysis and see a free visual representation of the analysis for greater clarity.
  2. management team: Having an experienced management team at the helm increases our confidence in the business. See the biographies of CICT Mobile Communication Technology's board of directors members and his CEO.
  3. Other strong performing stocks: Are there other stocks with a proven track record that offer a better outlook? See our free list of these great stocks here.

Valuation is complex, but we help make it simple.

Check out our comprehensive analysis to see if CICT Mobile Communications Technology is potentially overvalued or undervalued, including: Fair value estimates, risks and caveats, dividends, insider trading, and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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