Malayan Banking Berhad Future Growth

Future criteria checks 2/6

Malayan Banking Berhad is forecast to grow earnings and revenue by 4.9% and 7.3% per annum respectively. EPS is expected to grow by 5.3% per annum. Return on equity is forecast to be 10.6% in 3 years.

Key information

4.9%

Earnings growth rate

5.3%

EPS growth rate

Banks earnings growth	5.3%
Revenue growth rate	7.3%
Future return on equity	10.6%
Analyst coverage	Good
Last updated	17 Apr 2024

Recent future growth updates

Recent updates

Malayan Banking Berhad's (KLSE:MAYBANK) Upcoming Dividend Will Be Larger Than Last Year's

Mar 05

Malayan Banking Berhad's (KLSE:MAYBANK) Dividend Will Be Increased To MYR0.29

Sep 04

Malayan Banking Berhad (KLSE:MAYBANK) Has Affirmed Its Dividend Of MYR0.28

Sep 07

We Think Shareholders May Want To Consider A Review Of Malayan Banking Berhad's (KLSE:MAYBANK) CEO Compensation Package

Apr 28

Here's Why It's Unlikely That Malayan Banking Berhad's (KLSE:MAYBANK) CEO Will See A Pay Rise This Year

Apr 08

Malayan Banking Berhad's (KLSE:MAYBANK) Shareholders Are Down 22% On Their Shares

Feb 20

Read This Before Buying Malayan Banking Berhad (KLSE:MAYBANK) For Its Dividend

Jan 16

We Wouldn't Be Too Quick To Buy Malayan Banking Berhad (KLSE:MAYBANK) Before It Goes Ex-Dividend

Dec 12

What Is The Ownership Structure Like For Malayan Banking Berhad (KLSE:MAYBANK)?

Nov 25

Earnings and Revenue Growth Forecasts

KLSE:MAYBANK - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	32,284	10,880	N/A	N/A	12
12/31/2025	30,339	10,237	N/A	N/A	15
12/31/2024	28,917	9,820	N/A	N/A	14
12/31/2023	25,650	9,350	-37,060	-36,158	N/A
9/30/2023	26,903	9,442	-17,679	-16,883	N/A
6/30/2023	26,775	9,184	-17,314	-16,520	N/A
3/31/2023	25,191	8,453	-6,352	-5,632	N/A
12/31/2022	23,702	7,961	-31,739	-31,088	N/A
9/30/2022	22,748	7,812	-47,144	-46,662	N/A
6/30/2022	21,492	7,397	-36,208	-35,759	N/A
3/31/2022	21,948	7,751	-28,182	-27,714	N/A
12/31/2021	22,249	8,096	-14,673	-14,226	N/A
9/30/2021	21,378	7,577	-7,167	-6,690	N/A
6/30/2021	21,626	7,844	-8,777	-8,267	N/A
3/31/2021	19,927	6,824	-16,573	-16,102	N/A
12/31/2020	19,670	6,481	-5,118	-4,640	N/A
9/30/2020	21,051	7,393	9,295	9,863	N/A
6/30/2020	21,342	7,439	14,192	14,780	N/A
3/31/2020	22,872	8,438	942	1,558	N/A
12/31/2019	22,395	8,198	-21,468	-20,852	N/A
9/30/2019	22,362	8,075	-20,463	-19,826	N/A
6/30/2019	22,105	8,033	-20,203	-19,631	N/A
3/31/2019	21,924	8,051	-37,213	-36,621	N/A
12/31/2018	22,017	8,113	-22,655	-21,982	N/A
9/30/2018	21,685	7,919	-47,558	-46,637	N/A
6/30/2018	21,858	7,989	-60,722	-59,795	N/A
3/31/2018	21,539	7,689	-22,147	-21,266	N/A
12/31/2017	21,210	7,521	-31,736	-30,936	N/A
9/30/2017	20,757	7,749	N/A	-33,209	N/A
6/30/2017	20,404	7,518	N/A	-14,793	N/A
3/31/2017	19,632	7,019	N/A	-6,405	N/A
12/31/2016	19,158	6,743	N/A	499	N/A
9/30/2016	18,898	6,034	N/A	17,642	N/A
6/30/2016	18,721	6,138	N/A	4,766	N/A
3/31/2016	19,050	6,562	N/A	-19,350	N/A
12/31/2015	19,225	6,836	N/A	-10,051	N/A
9/30/2015	19,090	7,115	N/A	-32,338	N/A
6/30/2015	18,603	6,824	N/A	-45,127	N/A
3/31/2015	18,404	6,815	N/A	-50,958	N/A
12/31/2014	18,054	6,716	N/A	-59,824	N/A
9/30/2014	17,714	6,517	N/A	-57,299	N/A
6/30/2014	17,782	6,656	N/A	-35,777	N/A
3/31/2014	17,746	6,648	N/A	-42,617	N/A
12/31/2013	17,656	6,552	N/A	-48,150	N/A
9/30/2013	16,626	6,280	N/A	-52,421	N/A
6/30/2013	16,325	6,035	N/A	-51,411	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAYBANK's forecast earnings growth (4.9% per year) is above the savings rate (3.6%).

Earnings vs Market: MAYBANK's earnings (4.9% per year) are forecast to grow slower than the MY market (11.8% per year).

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

Revenue vs Market: MAYBANK's revenue (7.3% per year) is forecast to grow faster than the MY market (5.9% per year).

High Growth Revenue: MAYBANK's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAYBANK's Return on Equity is forecast to be low in 3 years time (10.6%).

Malayan Banking Berhad Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target raised to RM8.14

Price target raised to RM7.97

Recent updates

Now 21% overvalued after recent price rise

Now 20% overvalued after recent price rise

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Malayan Banking Berhad, Annual General Meeting, Apr 25, 2024

Now 20% overvalued after recent price rise

Upcoming dividend of RM0.31 per share

Malayan Banking Berhad's (KLSE:MAYBANK) Upcoming Dividend Will Be Larger Than Last Year's

Final dividend increased to RM0.31

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Now 20% overvalued after recent price rise

Malayan Banking Berhad Appoints Datuk Yee Yang Chien as Non Independent and Non Executive Member of Nomination and Remuneration Committee

Malayan Banking Berhad Announces the Resignation of Dato' Zulkiflee Abbas Bin Abdul Hamid as Member of Risk Committee, Effective 1 January 2024

Maybank Announces Executive Changes

Malayan Banking Berhad to Report Q1, 2024 Results on May 24, 2024

Malayan Banking Berhad Announces Appointment of Yee Yang Chien as Non Independent and Non Executive Director

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Malayan Banking Berhad Announces Retirement of Cheng Kee Check as Non Independent and Non Executive Director, Effective 18 November 2023

Upcoming dividend of RM0.29 per share at 6.4% yield

Malayan Banking Berhad's (KLSE:MAYBANK) Dividend Will Be Increased To MYR0.29

Malayan Banking Berhad Announces Interim Dividend in Respect of the Financial Year Ending 31 December 2023, Payable on 27 September 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Malayan Banking Berhad Announces Appointment of Encik Shariffuddin Bin Khalid as Independent and Non Executive Member of Risk Committee

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Malayan Banking Berhad Announces Retirement of Datuk R. Karunakaran as Independent and Non Executive Chairman of Nomination and Remuneration Committee

Upcoming dividend of RM0.30 per share at 6.7% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Malayan Banking Berhad to Report Q4, 2022 Results on Feb 27, 2023

Third quarter 2022 earnings released: EPS: RM0.18 (vs RM0.14 in 3Q 2021)

Malayan Banking Berhad Announces Executive Changes

Upcoming dividend of RM0.28 per share

Malayan Banking Berhad (KLSE:MAYBANK) Has Affirmed Its Dividend Of MYR0.28

Malayan Banking Berhad Declares Single-Tier First Interim Dividend in Respect of the Financial Year Ending 31 December 2022, Payable on 19 October 2022

Malayan Banking Berhad Declares Single-Tier First Interim Dividend in Respect of the Financial Year Ending 31 December 2022, Payable on 19 October 2022

Second quarter 2022 earnings: EPS misses analyst expectations

Malayan Banking Berhad Declares Single-Tier First Interim Dividend in Respect of the Financial Year Ending 31 December 2022

Maybank Appoints Siew Chan Cheong as Chief Strategy Officer

Malayan Banking Berhad Announces Redesignation of Shirley Goh as Independent and Non Executive Chairman of Audit Committee

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Malayan Banking Berhad Announces the Retirement of Dato' Idris Bin Kechot as Independent and Non Executive Independent Director

Malayan Banking Berhad Announces Chief Executive Officer Changes

Upcoming dividend of RM0.30 per share

Malayan Banking Berhad Announces Single-Tier Second Interim Dividend in Respect of the Financial Year Ended 31 December 2021, Payable on 14 April 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Malayan Banking Berhad Announces Executive Changes, Effective on May 1, 2022

Third quarter 2021 earnings: EPS and revenues miss analyst expectations

Second quarter 2021 earnings released: EPS RM0.17 (vs RM0.084 in 2Q 2020)

First quarter 2021 earnings released: EPS RM0.21 (vs RM0.18 in 1Q 2020)

Upcoming dividend of RM0.39 per share

Malayan Banking Berhad Announces Single-Tier Final Dividend for the Financial Year Ended 31 December 2020, Payable on June 28, 2021

We Think Shareholders May Want To Consider A Review Of Malayan Banking Berhad's (KLSE:MAYBANK) CEO Compensation Package

Here's Why It's Unlikely That Malayan Banking Berhad's (KLSE:MAYBANK) CEO Will See A Pay Rise This Year

Full year 2020 earnings released: EPS RM0.58 (vs RM0.73 in FY 2019)

Malayan Banking Berhad Proposes Final Single Tier Dividend for the Financial Year Ended December 31, 2020

Full year 2020 earnings released: EPS RM0.58 (vs RM0.73 in FY 2019)

Revenue and earnings beat expectations

Malayan Banking Berhad's (KLSE:MAYBANK) Shareholders Are Down 22% On Their Shares

HSBC and Maybank Units Reportedly to Bid for AXA Singapore

Read This Before Buying Malayan Banking Berhad (KLSE:MAYBANK) For Its Dividend

We Wouldn't Be Too Quick To Buy Malayan Banking Berhad (KLSE:MAYBANK) Before It Goes Ex-Dividend

New 90-day high: RM8.91

Price target raised to RM8.14

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: EPS RM0.17

What Is The Ownership Structure Like For Malayan Banking Berhad (KLSE:MAYBANK)?

New 90-day high: RM7.93

Price target raised to RM7.97

Malayan Banking Berhad Appoints Tan Sri Dato' Sri Zamzamzairani Bin Mohd Isa as Non Independent and Non Executive Chairman

Malayan Banking Berhad to Report Q3, 2020 Results on Nov 26, 2020

New 90-day low: RM7.06

New 90-day low: RM7.09

New 90-day low - RM7.33

Earnings released

Malayan Banking Berhad to Report Q2, 2020 Results on Aug 27, 2020