Q: Hi 5i,
May I receive your opinion on the sales forecasts for CPX. 2023 is forecasted to be 3,729M and 2024 is forecasted to be 2,203M. Would you be able to provide an explanation as to why the drop of 1,526M? I use Koyfin for financial data.
Thanks for all you do for this DIY investor.
May I receive your opinion on the sales forecasts for CPX. 2023 is forecasted to be 3,729M and 2024 is forecasted to be 2,203M. Would you be able to provide an explanation as to why the drop of 1,526M? I use Koyfin for financial data.
Thanks for all you do for this DIY investor.
5i Research Answer:
There are some minor reductions in 2024, such as the end of coal compensation payments and some slowdowns in some operations expected, and lower prices. But these are nowhere near the amount of decline forecasted by analysts. We think the issue stems from the fact that even the company does not provide revenue guidance and thus analysts do not focus on it. In its corporate presentation, CPX expects decent growth in EBITDA and most metrics, but does not forecast revenue.