HE Group Berhad

KLSE:HEGROUP Stock Report

Market Cap: RM 195.8m

HE Group Berhad Future Growth

Future criteria checks 3/6

HE Group Berhad is forecast to grow earnings and revenue by 13% and 12% per annum respectively. EPS is expected to grow by 13.5% per annum. Return on equity is forecast to be 18.4% in 3 years.

Key information

13.0%

Earnings growth rate

13.45%

EPS growth rate

Construction earnings growth18.6%
Revenue growth rate12.0%
Future return on equity18.42%
Analyst coverage

Low

Last updated27 Aug 2025

Recent future growth updates

No updates

Recent updates

Why The 31% Return On Capital At HE Group Berhad (KLSE:HEGROUP) Should Have Your Attention

Aug 01
Why The 31% Return On Capital At HE Group Berhad (KLSE:HEGROUP) Should Have Your Attention

HE Group Berhad's (KLSE:HEGROUP) Earnings Seem To Be Promising

May 26
HE Group Berhad's (KLSE:HEGROUP) Earnings Seem To Be Promising

HE Group Berhad (KLSE:HEGROUP) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough

Apr 09
HE Group Berhad (KLSE:HEGROUP) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough

Shareholders Would Enjoy A Repeat Of HE Group Berhad's (KLSE:HEGROUP) Recent Growth In Returns

Mar 26
Shareholders Would Enjoy A Repeat Of HE Group Berhad's (KLSE:HEGROUP) Recent Growth In Returns

HE Group Berhad's (KLSE:HEGROUP) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

Feb 03
HE Group Berhad's (KLSE:HEGROUP) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

HE Group Berhad (KLSE:HEGROUP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 25
HE Group Berhad (KLSE:HEGROUP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

HE Group Berhad (KLSE:HEGROUP) May Have Run Too Fast Too Soon With Recent 32% Price Plummet

Aug 06
HE Group Berhad (KLSE:HEGROUP) May Have Run Too Fast Too Soon With Recent 32% Price Plummet

Earnings Not Telling The Story For HE Group Berhad (KLSE:HEGROUP) After Shares Rise 29%

Jun 22
Earnings Not Telling The Story For HE Group Berhad (KLSE:HEGROUP) After Shares Rise 29%

Not Many Are Piling Into HE Group Berhad (KLSE:HEGROUP) Just Yet

May 07
Not Many Are Piling Into HE Group Berhad (KLSE:HEGROUP) Just Yet

Earnings and Revenue Growth Forecasts

KLSE:HEGROUP - Analysts future estimates and past financials data (MYR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20271981813162
12/31/20261741410132
12/31/202514012362
6/30/2025157141313N/A
3/31/2025174151616N/A
12/31/2024207141314N/A
9/30/20242171345N/A
12/31/2023204111314N/A
12/31/2022108689N/A
12/31/2021100444N/A
12/31/2020312-6-6N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEGROUP's forecast earnings growth (13% per year) is above the savings rate (3.7%).

Earnings vs Market: HEGROUP's earnings (13% per year) are forecast to grow faster than the MY market (9.9% per year).

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

Revenue vs Market: HEGROUP's revenue (12% per year) is forecast to grow faster than the MY market (5.6% per year).

High Growth Revenue: HEGROUP's revenue (12% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HEGROUP's Return on Equity is forecast to be low in 3 years time (18.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 20:00
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

HE Group Berhad is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amirah AzmiMaybank Research Pte. Ltd.
Pei ChongPublic Investment Bank Berhad