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Operations: The company's revenue primarily comes from the manufacturing and sales of resin spectacle lenses, totaling CN¥1.90 billion.

Estimated Discount To Fair Value: 47.8%

Shanghai Conant Optical is trading at HK$26.35, significantly below its fair value estimate of HK$50.47, highlighting potential undervaluation based on cash flows. The company's earnings are forecast to grow 16.51% annually, surpassing the Hong Kong market average of 11.3%. Recent guidance indicates a net profit increase of no less than 30% for 2024 due to business expansion and improved profit margins, despite recent share price volatility and a follow-on equity offering raising HK$845.73 million.

• Our growth report here indicates Shanghai Conant Optical may be poised for an improving outlook.

• Get an in-depth perspective on Shanghai Conant Optical's balance sheet by reading our health report here.

Sandstorm Gold

Overview: Sandstorm Gold Ltd. operates as a gold royalty company with a market cap of CA$2.60 billion.

Operations: The company's revenue segments include earnings from Antamina, Peru ($8.47 million), Chapada, Brazil ($16.29 million), Aurizona, Brazil ($8.18 million), Caserones, Chile ($12.27 million), Mercedes, Mexico ($13.83 million), Cerro Moro Argentina ($19.29 million), Blyvoor, South Africa ($4.72 million), Houndé, Burkina Faso ($7.16 million), Bonikro, Cote D'Ivoire ($14.47 million), Vale Royalties, Brazil ($5.94 million), Fruta Del Norte, Ecuador ($8.63 million) and Relief Canyon in the United States with $16.04 million in revenue.

Estimated Discount To Fair Value: 30.8%

Sandstorm Gold is trading at CA$8.79, below its fair value estimate of CA$12.71, suggesting undervaluation based on cash flows. Earnings are forecast to grow significantly at 45.63% annually, outpacing the Canadian market's 16.3%. Despite a recent decline in gold sales and revenue for 2024 compared to the previous year, Sandstorm's renewed US$625 million credit facility with improved terms supports financial flexibility and potential growth through exploration advancements and strategic investments.

• Our expertly prepared growth report on Sandstorm Gold implies its future financial outlook may be stronger than recent results.

• Delve into the full analysis health report here for a deeper understanding of Sandstorm Gold.

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

Companies discussed in this article include BIT:IVG SEHK:2276 and TSX:SSL.

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