Telekom Malaysia Berhad Future Growth

Future criteria checks 0/6

Telekom Malaysia Berhad's earnings are forecast to decline at 1.6% per annum while its annual revenue is expected to grow at 3.2% per year. EPS is expected to decline by 1.7% per annum. Return on equity is forecast to be 15.9% in 3 years.

Key information

-1.6%

Earnings growth rate

-1.7%

EPS growth rate

Telecom earnings growth	11.4%
Revenue growth rate	3.2%
Future return on equity	15.9%
Analyst coverage	Good
Last updated	07 Mar 2025

Recent future growth updates

Recent updates

The Market Doesn't Like What It Sees From Telekom Malaysia Berhad's (KLSE:TM) Earnings Yet

Mar 24

If EPS Growth Is Important To You, Telekom Malaysia Berhad (KLSE:TM) Presents An Opportunity

Dec 11

Returns Are Gaining Momentum At Telekom Malaysia Berhad (KLSE:TM)

Nov 27

Estimating The Intrinsic Value Of Telekom Malaysia Berhad (KLSE:TM)

Oct 30

Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet

Oct 02

There Is A Reason Telekom Malaysia Berhad's (KLSE:TM) Price Is Undemanding

Aug 22

Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price

Aug 09

Calculating The Intrinsic Value Of Telekom Malaysia Berhad (KLSE:TM)

Jul 26

Is Telekom Malaysia Berhad (KLSE:TM) A Risky Investment?

Jun 04

If EPS Growth Is Important To You, Telekom Malaysia Berhad (KLSE:TM) Presents An Opportunity

May 22

Telekom Malaysia Berhad's (KLSE:TM) Price Is Right But Growth Is Lacking

May 03

An Intrinsic Calculation For Telekom Malaysia Berhad (KLSE:TM) Suggests It's 35% Undervalued

Apr 15

Earnings and Revenue Growth Forecasts

KLSE:TM - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	12,863	1,922	1,922	4,209	11
12/31/2026	12,688	1,827	2,025	4,164	19
12/31/2025	12,392	1,736	2,352	3,965	18
12/31/2024	11,712	2,017	2,630	4,011	N/A
9/30/2024	12,219	1,720	2,482	3,675	N/A
6/30/2024	12,256	1,793	2,635	3,948	N/A
3/31/2024	12,307	1,965	1,806	3,584	N/A
12/31/2023	12,256	1,871	1,493	3,686	N/A
9/30/2023	11,677	1,597	1,095	3,658	N/A
6/30/2023	11,881	1,324	672	3,516	N/A
3/31/2023	12,012	1,134	490	3,168	N/A
12/31/2022	12,118	1,143	602	3,266	N/A
9/30/2022	12,293	1,063	966	3,528	N/A
6/30/2022	11,938	1,069	1,047	3,231	N/A
3/31/2022	11,612	910	1,195	3,218	N/A
12/31/2021	11,529	895	1,072	2,976	N/A
9/30/2021	11,377	1,075	896	2,642	N/A
6/30/2021	11,264	1,133	1,182	2,930	N/A
3/31/2021	11,093	1,189	1,494	3,100	N/A
12/31/2020	10,840	1,016	1,249	2,686	N/A
9/30/2020	10,873	706	1,638	3,255	N/A
6/30/2020	11,036	637	1,618	3,111	N/A
3/31/2020	11,212	477	1,723	3,265	N/A
12/31/2019	11,434	633	2,003	3,502	N/A
9/30/2019	11,489	754	1,825	3,442	N/A
6/30/2019	11,582	317	1,156	2,966	N/A
3/31/2019	11,750	304	731	2,696	N/A
12/31/2018	11,819	153	309	2,585	N/A
9/30/2018	11,930	361	N/A	2,282	N/A
6/30/2018	11,925	748	N/A	2,704	N/A
3/31/2018	11,969	856	N/A	2,265	N/A
12/31/2017	12,085	930	N/A	2,418	N/A
9/30/2017	12,122	807	N/A	2,610	N/A
6/30/2017	12,105	755	N/A	2,334	N/A
3/31/2017	12,170	684	N/A	2,712	N/A
12/31/2016	12,061	776	N/A	2,849	N/A
9/30/2016	12,008	814	N/A	2,823	N/A
6/30/2016	12,008	821	N/A	3,042	N/A
3/31/2016	11,803	894	N/A	3,325	N/A
12/31/2015	11,722	700	N/A	2,942	N/A
9/30/2015	11,695	726	N/A	2,783	N/A
6/30/2015	11,408	748	N/A	3,025	N/A
3/31/2015	11,389	750	N/A	2,753	N/A
12/31/2014	11,235	832	N/A	3,014	N/A
9/30/2014	11,058	958	N/A	3,438	N/A
6/30/2014	11,032	1,010	N/A	2,998	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TM's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: TM's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: TM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TM's revenue (3.2% per year) is forecast to grow slower than the MY market (5.6% per year).

High Growth Revenue: TM's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TM's Return on Equity is forecast to be low in 3 years time (15.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/02 03:31
End of Day Share Price	2025/03/28 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telekom Malaysia Berhad is covered by 46 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Chee Chow	Affin Hwang Investment Bank
Woo Kim Toh	Alliance Research Sdn. Bhd.
Khir Goh	AmInvestment Bank Berhad

Telekom Malaysia Berhad Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 14%

Telekom Malaysia Berhad Provides Group Earnings Guidance for the Year 2023

Telekom Malaysia Berhad Provides Earnings Guidance for the Year 2023

Recent updates

The Market Doesn't Like What It Sees From Telekom Malaysia Berhad's (KLSE:TM) Earnings Yet

Telekom Malaysia Berhad (KLSE:TM) Is Increasing Its Dividend To MYR0.185

Dividend increased to RM0.18

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Telekom Malaysia Berhad Announces Special Single-Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 28 Mar 2025

Telekom Malaysia Berhad to Report Q4, 2024 Results on Feb 25, 2025

Partnership With Nxera And Singtel Will Deliver AI-Ready Data Center In Johor

A Look At The Fair Value Of Telekom Malaysia Berhad (KLSE:TM)

We Think Telekom Malaysia Berhad (KLSE:TM) Can Manage Its Debt With Ease

If EPS Growth Is Important To You, Telekom Malaysia Berhad (KLSE:TM) Presents An Opportunity

Returns Are Gaining Momentum At Telekom Malaysia Berhad (KLSE:TM)

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Telekom Malaysia Berhad to Report Q3, 2024 Results on Nov 26, 2024

Estimating The Intrinsic Value Of Telekom Malaysia Berhad (KLSE:TM)

Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet

Telekom Malaysia Berhad Announces Re-Designation of Ahmad Taufek Bin Omar from Non-Independent and Non-Executive Director to Independent and Non-Executive Director

Dividend increased to RM0.13

Telekom Malaysia Berhad Announces Interim Single-Tier Dividend for Financial Year Ended 31 December 2024, Payable on September 30, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Telekom Malaysia Berhad Announces Interim Single-Tier Dividend for Financial Year Ended 31 December 2024, Payable on September 30, 2024

There Is A Reason Telekom Malaysia Berhad's (KLSE:TM) Price Is Undemanding

Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price

Calculating The Intrinsic Value Of Telekom Malaysia Berhad (KLSE:TM)

Telekom Malaysia Berhad Announces Resignation of Suhendran Sockanathan as Independent and Non Executive Director

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Is Telekom Malaysia Berhad (KLSE:TM) A Risky Investment?

Telekom Malaysia Berhad Appoints Tan Sri Yong Poh Kon as Independent and Non Executive Member of Nomination and Remuneration Committee

Telekom Malaysia Berhad Announces Retirement of Encik Balasingham A/L A. Namasiwayam as Independent and Non Executive Director

Telekom Malaysia Berhad to Report Q1, 2024 Results on May 30, 2024

If EPS Growth Is Important To You, Telekom Malaysia Berhad (KLSE:TM) Presents An Opportunity

Telekom Malaysia Berhad's (KLSE:TM) Price Is Right But Growth Is Lacking

Full year 2023 earnings: EPS exceeds analyst expectations

Telekom Malaysia Berhad, Annual General Meeting, May 30, 2024

An Intrinsic Calculation For Telekom Malaysia Berhad (KLSE:TM) Suggests It's 35% Undervalued

Upcoming dividend of RM0.05 per share

Upcoming dividend of RM0.10 per share

Full year 2023 earnings: EPS exceeds analyst expectations

Telekom Malaysia Berhad Appoints Ahmad Taufek Bin Omar as Non Independent and Non Executive Member of Nomination and Remuneration Committee, Effective 01 March 2024

Telekom Malaysia Berhad to Report Q4, 2023 Results on Feb 23, 2024

Now 20% undervalued

Telekom Malaysia Berhad Announces Appointment of Encik Iszad Jeffri Bin Ismail as Non Independent and Non Executive Alternate Director, Effective 15 December 2023

High number of new directors

Consensus EPS estimates increase by 14%

Telekom Malaysia Berhad Provides Group Earnings Guidance for the Year 2023

New major risk - Revenue and earnings growth

Telekom Malaysia Berhad Appoints Encik Ahmad Taufek Bin Omar as Non Independent and Non Executive Director

Telekom Malaysia Berhad Announces the Cessation of Iszad Jeffri Bin Ismail as Non Independent and Non Executive Alternate Director

Upcoming dividend of RM0.095 per share at 3.3% yield

Telekom Malaysia Berhad Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: RM0.15 (vs RM0.10 in 2Q 2022)

Telekom Malaysia Berhad Announces Redesignation of Balasingham A. Namasiwayam as Independent and Non Executive Member of Risk Committee from Chairman of Risk Committee, with Effect on September 01, 2023

Telekom Malaysia Berhad to Report First Half, 2023 Results on Aug 25, 2023

Telekom Malaysia Berhad Appoints Encik Amar Huzaimi Bin Md Deris as Executive Managing Director, Date of Change 1 August 2023

Telekom Malaysia Berhad to Report Q1, 2023 Results on May 25, 2023

Full year 2022 earnings: EPS misses analyst expectations

High number of new directors

Telekom Malaysia Berhad to Report Q4, 2022 Results on Feb 24, 2023

Telekom Malaysia Berhad Announces Material Litigation Notice of Arbitration

An unknown buyer acquired Menara Kuala Lumpur Sdn Bhd from Telekom Malaysia Berhad (KLSE:TM).

Telekom Malaysia Berhad Announces Internal Reorganisation

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources