TMBThanachart Bank Future Growth

Future criteria checks 2/6

TMBThanachart Bank is forecast to grow earnings and revenue by 4.7% and 11.8% per annum respectively. EPS is expected to grow by 6% per annum. Return on equity is forecast to be 9% in 3 years.

Key information

4.7%

Earnings growth rate

6.0%

EPS growth rate

Banks earnings growth	0.3%
Revenue growth rate	11.8%
Future return on equity	9.0%
Analyst coverage	Good
Last updated	22 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:NVPJ - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	70,589	23,095	N/A	N/A	16
12/31/2025	69,240	21,710	N/A	N/A	17
12/31/2024	69,564	20,882	N/A	N/A	16
9/30/2024	46,111	20,786	37,456	40,624	N/A
6/30/2024	47,296	20,291	37,031	39,779	N/A
3/31/2024	48,721	19,501	16,212	18,988	N/A
12/31/2023	48,762	18,462	-12,241	-9,676	N/A
9/30/2023	52,794	17,443	51,929	54,576	N/A
6/30/2023	51,137	16,423	34,145	36,522	N/A
3/31/2023	49,127	15,295	-12,217	-10,182	N/A
12/31/2022	47,499	14,195	-13,491	-10,831	N/A
9/30/2022	45,952	13,147	1,069	3,752	N/A
6/30/2022	44,251	11,791	-48,260	-44,988	N/A
3/31/2022	43,345	10,887	65,959	69,789	N/A
12/31/2021	44,023	10,474	102,052	105,530	N/A
9/30/2021	42,666	8,910	99,081	102,988	N/A
6/30/2021	41,727	8,170	175,045	179,162	N/A
3/31/2021	42,722	8,731	17,676	21,474	N/A
12/31/2020	44,515	10,112	18,414	22,095	N/A
9/30/2020	42,982	10,492	81,241	84,735	N/A
6/30/2020	41,437	10,985	-33,337	-30,507	N/A
3/31/2020	36,242	9,807	28,411	31,050	N/A
12/31/2019	29,484	7,222	11,896	14,316	N/A
9/30/2019	27,704	7,308	-77,420	-75,111	N/A
6/30/2019	31,130	10,791	-36,143	-33,985	N/A
3/31/2019	31,541	10,900	-24,082	-21,855	N/A
12/31/2018	31,942	11,601	-39,999	-37,908	N/A
9/30/2018	32,777	12,157	-29,647	-27,650	N/A
6/30/2018	28,533	8,567	N/A	-26,624	N/A
3/31/2018	28,945	8,870	N/A	-31,953	N/A
12/31/2017	28,524	8,687	N/A	6,143	N/A
9/30/2017	27,969	8,568	N/A	22,774	N/A
6/30/2017	27,407	8,410	N/A	55,712	N/A
3/31/2017	26,699	8,231	N/A	29,707	N/A
12/31/2016	26,573	8,226	N/A	9,864	N/A
9/30/2016	27,238	8,709	N/A	-36,482	N/A
6/30/2016	28,391	9,679	N/A	-87,499	N/A
3/31/2016	28,925	9,788	N/A	-59,422	N/A
12/31/2015	27,971	9,333	N/A	-71,399	N/A
9/30/2015	27,240	9,687	N/A	-27,689	N/A
6/30/2015	26,529	9,259	N/A	-33,675	N/A
3/31/2015	26,426	9,575	N/A	-37,795	N/A
12/31/2014	26,516	9,539	N/A	-45,736	N/A
9/30/2014	25,990	8,363	N/A	-70,869	N/A
6/30/2014	25,009	7,846	N/A	-69,018	N/A
3/31/2014	21,624	5,523	N/A	-45,473	N/A
12/31/2013	21,594	5,737	N/A	-33,599	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVPJ's forecast earnings growth (4.7% per year) is above the savings rate (1%).

Earnings vs Market: NVPJ's earnings (4.7% per year) are forecast to grow slower than the German market (21% per year).

High Growth Earnings: NVPJ's earnings are forecast to grow, but not significantly.

Revenue vs Market: NVPJ's revenue (11.8% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: NVPJ's revenue (11.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NVPJ's Return on Equity is forecast to be low in 3 years time (9%).

TMBThanachart Bank Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Tmbthanachart Bank Public Company Limited Announces Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on October 24, 2024

TMBThanachart Bank Public Company Limited Approves Dividend for 2023, Payable on 8 May 2024

TMBThanachart Bank Public Company Limited, Annual General Meeting, Apr 09, 2024

TMBThanachart Bank Public Company Limited to Report Q1, 2024 Results on Apr 19, 2024

TMBThanachart Bank Public Company Limited to Report Q3, 2023 Results on Oct 19, 2023

TMBThanachart Bank Public Company Limited Declares Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on October 25, 2023

TMBThanachart Bank Public Company Limited Announces CFO Changes

TMBThanachart Bank Public Company Limited Announces Cash Dividend for the Operating Period from January 01, 2022 to June 30, 2022, Payable on September 22, 2022

TMBThanachart Bank Public Company Limited(SET:TTB-W1) dropped from FTSE All-World Index (USD)

TMBThanachart Bank Public Company Limited Announces Management Changes

TMBThanachart Bank Public Company Limited to Report Q1, 2022 Results on Apr 20, 2022

TMBThanachart Bank Public Company Limited Proposes Dividend for 2021, Payable on 11 May 2022

TMBThanachart Bank Public Company Limited Resolves Board and Committee Changes

TMBThanachart Bank Public Company Limited Announces Resignation of Praisun Wongsmith as Independent Director and Chairman of the Audit Committee

TMB Bank Public Company Limited, Annual General Meeting, Apr 23, 2021

TMB Bank Public Company Limited Announces Board Changes

TMB Bank Public Company Limited Shares Foreign Registered to Be Deleted from Other OTC

TMB Bank plc announces Resignation of General Nattaphon Narkphanit as Director

TMB Bank Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 54.245819 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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