Malaysian Resources Corporation Berhad Future Growth

Future criteria checks 1/6

Malaysian Resources Berhad's earnings are forecast to decline at 18.9% per annum while its annual revenue is expected to grow at 12.1% per year. EPS is expected to decline by 20% per annum. Return on equity is forecast to be 1.7% in 3 years.

Key information

-18.9%

Earnings growth rate

-20.0%

EPS growth rate

Construction earnings growth	18.4%
Revenue growth rate	12.1%
Future return on equity	1.7%
Analyst coverage	Good
Last updated	03 Sep 2024

Recent future growth updates

Recent updates

At RM0.64, Is Malaysian Resources Corporation Berhad (KLSE:MRCB) Worth Looking At Closely?

Sep 19

Malaysian Resources Corporation Berhad (KLSE:MRCB) Could Be At Risk Of Shrinking As A Company

Jul 25

Malaysian Resources Corporation Berhad (KLSE:MRCB) Strong Profits May Be Masking Some Underlying Issues

Apr 10

Is There Now An Opportunity In Malaysian Resources Corporation Berhad (KLSE:MRCB)?

Jan 24

Malaysian Resources Corporation Berhad's (KLSE:MRCB) Share Price Matching Investor Opinion

Jan 06

Malaysian Resources Corporation Berhad (KLSE:MRCB) Takes On Some Risk With Its Use Of Debt

Sep 20

Malaysian Resources Corporation Berhad (KLSE:MRCB) Shareholders Will Want The ROCE Trajectory To Continue

Aug 16

Malaysian Resources Corporation Berhad (KLSE:MRCB) Is Finding It Tricky To Allocate Its Capital

Feb 03

Are Investors Undervaluing Malaysian Resources Corporation Berhad (KLSE:MRCB) By 43%?

Nov 25

Why Malaysian Resources Corporation Berhad (KLSE:MRCB) Could Be Worth Watching

Jun 02

Is Malaysian Resources Corporation Berhad (KLSE:MRCB) Weighed On By Its Debt Load?

Aug 18

We Think Malaysian Resources Corporation Berhad's (KLSE:MRCB) CEO Compensation Package Needs To Be Put Under A Microscope

Jun 01

Does Malaysian Resources Corporation Berhad (KLSE:MRCB) Have A Healthy Balance Sheet?

Mar 10

How Many Malaysian Resources Corporation Berhad (KLSE:MRCB) Shares Do Institutions Own?

Feb 03

If You Had Bought Malaysian Resources Corporation Berhad's (KLSE:MRCB) Shares Five Years Ago You Would Be Down 63%

Dec 30

Is Malaysian Resources Corporation Berhad (KLSE:MRCB) Using Too Much Debt?

Nov 25

Earnings and Revenue Growth Forecasts

KLSE:MRCB - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,806	86	N/A	-7	5
12/31/2025	2,483	66	N/A	198	6
12/31/2024	2,267	75	N/A	273	6
6/30/2024	2,044	136	33	46	N/A
3/31/2024	2,271	96	520	533	N/A
12/31/2023	2,537	101	479	492	N/A
9/30/2023	2,679	34	500	525	N/A
6/30/2023	3,036	56	6	31	N/A
3/31/2023	3,137	59	-185	-160	N/A
12/31/2022	3,205	65	-19	6	N/A
9/30/2022	3,229	127	-375	-360	N/A
6/30/2022	2,507	71	-115	-100	N/A
3/31/2022	2,032	25	-158	-143	N/A
12/31/2021	1,448	16	-208	-193	N/A
9/30/2021	899	-31	-65	-41	N/A
6/30/2021	1,059	0	53	77	N/A
3/31/2021	1,000	-188	182	206	N/A
12/31/2020	1,199	-177	183	207	N/A
9/30/2020	1,362	-200	159	194	N/A
6/30/2020	1,437	-196	91	126	N/A
3/31/2020	1,511	36	-235	-200	N/A
12/31/2019	1,319	24	-281	-246	N/A
9/30/2019	1,222	18	682	737	N/A
6/30/2019	1,513	36	867	923	N/A
3/31/2019	1,677	58	943	998	N/A
12/31/2018	1,871	75	932	988	N/A
9/30/2018	1,762	198	-621	-445	N/A
6/30/2018	2,228	209	-831	-655	N/A
3/31/2018	2,548	199	N/A	-739	N/A
12/31/2017	2,641	186	N/A	-1,123	N/A
9/30/2017	3,407	251	N/A	-510	N/A
6/30/2017	2,828	250	N/A	-699	N/A
3/31/2017	2,492	272	N/A	-579	N/A
12/31/2016	2,408	267	N/A	157	N/A
9/30/2016	1,765	111	N/A	-229	N/A
6/30/2016	1,587	86	N/A	65	N/A
3/31/2016	1,729	100	N/A	223	N/A
12/31/2015	1,697	330	N/A	140	N/A
9/30/2015	1,796	285	N/A	-9	N/A
6/30/2015	1,919	307	N/A	-54	N/A
3/31/2015	1,714	365	N/A	-104	N/A
12/31/2014	1,515	136	N/A	-120	N/A
9/30/2014	1,361	147	N/A	213	N/A
6/30/2014	1,023	-1	N/A	106	N/A
3/31/2014	884	-113	N/A	288	N/A
12/31/2013	941	-114	N/A	43	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRCB's earnings are forecast to decline over the next 3 years (-18.9% per year).

Earnings vs Market: MRCB's earnings are forecast to decline over the next 3 years (-18.9% per year).

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

Revenue vs Market: MRCB's revenue (12.1% per year) is forecast to grow faster than the MY market (6.1% per year).

High Growth Revenue: MRCB's revenue (12.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MRCB's Return on Equity is forecast to be low in 3 years time (1.7%).

Malaysian Resources Corporation Berhad Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 70%, revenue downgraded

Consensus revenue estimates decrease by 13%

Price target increased by 10% to RM0.62

Price target increased by 7.8% to RM0.58

Price target increased by 9.5% to RM0.51

Consensus EPS estimates fall by 12%

Recent updates

At RM0.64, Is Malaysian Resources Corporation Berhad (KLSE:MRCB) Worth Looking At Closely?

New minor risk - Share price stability

Consensus EPS estimates increase by 70%, revenue downgraded

Second quarter 2024 earnings released: EPS: RM0.012 (vs RM0.002 in 2Q 2023)

New minor risk - Dividend sustainability

Malaysian Resources Corporation Berhad (KLSE:MRCB) Could Be At Risk Of Shrinking As A Company

High number of new directors

Malaysian Resources Corporation Berhad Appoints DATUK RASHIDAH BINTI MOHD SIES as Independent and Non Executive Director

Consensus revenue estimates decrease by 13%

First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.002 in 1Q 2023)

Malaysian Resources Corporation Berhad, Annual General Meeting, May 24, 2024

Upcoming dividend of RM0.01 per share

High number of new directors

Price target increased by 10% to RM0.62

Malaysian Resources Corporation Berhad (KLSE:MRCB) Strong Profits May Be Masking Some Underlying Issues

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 7.8% to RM0.58

Full year 2023 earnings released: EPS: RM0.023 (vs RM0.015 in FY 2022)

Malaysian Resources Corporation Berhad Announces Redesignation of Dato Mohamad Nasir AB Latif from Acting Chairman to Chairman

Price target increased by 9.5% to RM0.51

Is There Now An Opportunity In Malaysian Resources Corporation Berhad (KLSE:MRCB)?

Malaysian Resources Corporation Berhad's (KLSE:MRCB) Share Price Matching Investor Opinion

Malaysian Resources Corporation Berhad Announces Re-Designation of Dato' Mohamad Nasir Bin AB Latif, Non-Independent Director as Non-Independent and Non-Executive Chairman

Consensus EPS estimates fall by 12%

Third quarter 2023 earnings released: EPS: RM0 (vs RM0.005 in 3Q 2022)

New minor risk - Share price stability

Malaysian Resources Corporation Berhad (KLSE:MRCB) Takes On Some Risk With Its Use Of Debt

Consensus EPS estimates fall by 34%

Price target increased by 10% to RM0.41

Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 in 2Q 2022)

Malaysian Resources Corporation Berhad (KLSE:MRCB) Shareholders Will Want The ROCE Trajectory To Continue

First quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 in 1Q 2022)

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.6% to RM0.35

Malaysian Resources Corporation Berhad (KLSE:MRCB) Is Finding It Tricky To Allocate Its Capital

Malaysian Resources Corporation Berhad Announces Redesignation of Datuk Seri Amir Hamzah Bin Azizan from Non Independent and Non Executive Director to Non Independent and Non Executive Chairman

Malaysian Resources Corporation Berhad Announces Demises of TAN SRI AZLAN MOHD ZAINOL, Independent and Non Executive Chairman

Third quarter 2022 earnings released: EPS: RM0.005 (vs RM0.007 loss in 3Q 2021)

Consensus EPS estimates increase by 22%

Are Investors Undervaluing Malaysian Resources Corporation Berhad (KLSE:MRCB) By 43%?

High number of new directors

Malaysian Resources Corporation Berhad (KLSE:MRCB) agreed to acquire additional 39% stake in Sentral REIT Management Sdn Bhd from Quill Resources Holding Sdn Bhd.

Second quarter 2022 earnings released: EPS: RM0.003 (vs RM0.007 loss in 2Q 2021)

Consensus forecasts updated

Why Malaysian Resources Corporation Berhad (KLSE:MRCB) Could Be Worth Watching

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to RM0.40

High number of new directors

Upcoming dividend of RM0.01 per share

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS and revenues miss analyst expectations

Malaysian Resources Corporation Berhad Announces First and Final Single Tier Dividend for the Financial Year Ended December 31, 2021, Payable on May 20, 2022

High number of new directors

Non-Independent & Non-Executive Director Rohaya Binti Mohammad Yusof has left the company

Second quarter 2021 earnings released: RM0.007 loss per share (vs RM0.05 loss in 2Q 2020)

Price target decreased to RM0.40

Is Malaysian Resources Corporation Berhad (KLSE:MRCB) Weighed On By Its Debt Load?

Price target decreased to RM0.45

Senior Independent Director Hasman Bin Yusoff has left the company

Independent Non-Executive Director Lai Looi has left the company

We Think Malaysian Resources Corporation Berhad's (KLSE:MRCB) CEO Compensation Package Needs To Be Put Under A Microscope

First quarter 2021 earnings released: EPS RM0.001 (vs RM0.004 in 1Q 2020)

Upcoming dividend of RM0.01 per share

Full year 2020 earnings released: RM0.04 loss per share (vs RM0.005 profit in FY 2019)

Does Malaysian Resources Corporation Berhad (KLSE:MRCB) Have A Healthy Balance Sheet?

New 90-day high: RM0.52

Full year 2020 earnings released: RM0.04 loss per share (vs RM0.005 profit in FY 2019)

Revenue and earnings miss expectations

How Many Malaysian Resources Corporation Berhad (KLSE:MRCB) Shares Do Institutions Own?