Stock Analysis
Bank Islam Malaysia Berhad First Quarter 2024 Earnings: EPS: RM0.057 (vs RM0.053 in 1Q 2023)
Bank Islam Malaysia Berhad (KLSE:BIMB) First Quarter 2024 Results
Key Financial Results
- Revenue: RM571.2m (up 5.4% from 1Q 2023).
- Net income: RM129.2m (up 9.4% from 1Q 2023).
- Profit margin: 23% (in line with 1Q 2023).
- EPS: RM0.057 (up from RM0.053 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank Islam Malaysia Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Banks industry in Malaysia.
Performance of the Malaysian Banks industry.
The company's shares are up 1.2% from a week ago.
Valuation
Our analysis of these results suggests Bank Islam Malaysia Berhad may be overvalued based on 6 important criteria we look at. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
Valuation is complex, but we're helping make it simple.
Find out whether Bank Islam Malaysia Berhad is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions 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 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.
About KLSE:BIMB
Bank Islam Malaysia Berhad
Provides Islamic banking products and services in Malaysia.
Flawless balance sheet with proven track record and pays a dividend.