Asia File Corporation Bhd Future Growth

Future criteria checks 1/6

Asia File Bhd is forecast to grow earnings and revenue by 4% and 1.7% per annum respectively while EPS is expected to grow by 3.7% per annum.

Key information

4.0%

Earnings growth rate

3.7%

EPS growth rate

Commercial Services earnings growth	14.2%
Revenue growth rate	1.7%
Future return on equity	n/a
Analyst coverage	Low
Last updated	29 Nov 2024

Recent future growth updates

Recent updates

Asia File Corporation Bhd (KLSE:ASIAFLE) Has Affirmed Its Dividend Of MYR0.035

Sep 25

Here's Why It's Unlikely That Asia File Corporation Bhd.'s (KLSE:ASIAFLE) CEO Will See A Pay Rise This Year

Sep 20

Asia File Corporation Bhd (KLSE:ASIAFLE) Has Announced A Dividend Of MYR0.035

Aug 22

Increases to CEO Compensation Might Be Put On Hold For Now at Asia File Corporation Bhd. (KLSE:ASIAFLE)

Sep 22

Asia File Corporation Bhd (KLSE:ASIAFLE) Is Increasing Its Dividend To MYR0.035

Aug 28

Asia File Corporation Bhd's (KLSE:ASIAFLE) Upcoming Dividend Will Be Larger Than Last Year's

Jul 31

Asia File Corporation Bhd (KLSE:ASIAFLE) May Have Issues Allocating Its Capital

Jun 14

A Look At The Fair Value Of Asia File Corporation Bhd. (KLSE:ASIAFLE)

Jun 06

Has Asia File Corporation Bhd (KLSE:ASIAFLE) Got What It Takes To Become A Multi-Bagger?

Mar 14

Calculating The Fair Value Of Asia File Corporation Bhd. (KLSE:ASIAFLE)

Feb 21

Is Asia File Corporation Bhd (KLSE:ASIAFLE) A Risky Investment?

Feb 06

Asia File Corporation Bhd's (KLSE:ASIAFLE) Shareholders Are Down 57% On Their Shares

Jan 20

What We Learned About Asia File Corporation Bhd's (KLSE:ASIAFLE) CEO Compensation

Jan 02

How Much Of Asia File Corporation Bhd. (KLSE:ASIAFLE) Do Insiders Own?

Dec 12

We're Watching These Trends At Asia File Corporation Bhd (KLSE:ASIAFLE)

Nov 24

Earnings and Revenue Growth Forecasts

KLSE:ASIAFLE - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	288	31	N/A	29	1
3/31/2026	328	42	N/A	36	2
3/31/2025	314	41	N/A	34	2
9/30/2024	285	29	47	53	N/A
6/30/2024	296	46	59	66	N/A
3/31/2024	294	52	65	72	N/A
12/31/2023	300	46	70	76	N/A
9/30/2023	308	39	73	79	N/A
6/30/2023	305	40	67	73	N/A
3/31/2023	318	32	56	62	N/A
12/31/2022	326	33	35	43	N/A
9/30/2022	330	34	19	27	N/A
6/30/2022	330	35	3	11	N/A
3/31/2022	323	43	6	14	N/A
12/31/2021	313	49	20	29	N/A
9/30/2021	304	59	24	32	N/A
6/30/2021	294	63	37	46	N/A
3/31/2021	258	47	40	49	N/A
12/31/2020	252	39	32	39	N/A
9/30/2020	254	33	46	53	N/A
6/30/2020	260	28	43	50	N/A
3/31/2020	293	37	52	59	N/A
12/31/2019	303	42	56	63	N/A
9/30/2019	311	41	53	59	N/A
6/30/2019	321	50	43	50	N/A
3/31/2019	328	48	30	37	N/A
12/31/2018	331	46	21	33	N/A
9/30/2018	341	54	10	22	N/A
6/30/2018	345	53	N/A	40	N/A
3/31/2018	352	59	N/A	35	N/A
12/31/2017	358	64	N/A	43	N/A
9/30/2017	357	62	N/A	55	N/A
6/30/2017	351	56	N/A	54	N/A
3/31/2017	350	56	N/A	66	N/A
12/31/2016	357	57	N/A	64	N/A
9/30/2016	368	58	N/A	77	N/A
6/30/2016	386	71	N/A	72	N/A
3/31/2016	390	77	N/A	73	N/A
12/31/2015	393	72	N/A	80	N/A
9/30/2015	385	66	N/A	58	N/A
6/30/2015	377	55	N/A	63	N/A
3/31/2015	387	50	N/A	54	N/A
12/31/2014	393	52	N/A	63	N/A
9/30/2014	396	56	N/A	60	N/A
6/30/2014	387	59	N/A	61	N/A
3/31/2014	366	61	N/A	65	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASIAFLE's forecast earnings growth (4% per year) is above the savings rate (3.6%).

Earnings vs Market: ASIAFLE's earnings (4% per year) are forecast to grow slower than the MY market (10.2% per year).

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

Revenue vs Market: ASIAFLE's revenue (1.7% per year) is forecast to grow slower than the MY market (6.4% per year).

High Growth Revenue: ASIAFLE's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ASIAFLE's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 17:01
End of Day Share Price	2025/01/10 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Asia File Corporation Bhd. is covered by 7 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.

Analyst	Institution
Chek Foo	CGS International
Research Team	Kenanga Research
Hui Yee Ng	Malacca Securities Sdn Bhd

Asia File Corporation Bhd Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Price target decreased by 13% to RM2.07

Price target increased by 11% to RM2.33

Price target increased by 9.6% to RM2.01

Price target decreased by 7.4% to RM1.50

Price target decreased by 9.4% to RM1.73

Recent updates

Consensus EPS estimates fall by 13%

Price target decreased by 13% to RM2.07

Second quarter 2025 earnings released: RM0.054 loss per share (vs RM0.035 profit in 2Q 2024)

Asia File Corporation Bhd. Approves Single Tier Final Dividend for the Financial Year Ended 31 March 2024

Asia File Corporation Bhd (KLSE:ASIAFLE) Has Affirmed Its Dividend Of MYR0.035

Upcoming dividend of RM0.035 per share

Here's Why It's Unlikely That Asia File Corporation Bhd.'s (KLSE:ASIAFLE) CEO Will See A Pay Rise This Year

First quarter 2025 earnings released: EPS: RM0.053 (vs RM0.082 in 1Q 2024)

Asia File Corporation Bhd (KLSE:ASIAFLE) Has Announced A Dividend Of MYR0.035

Dividend of RM0.035 announced

Asia File Corporation Bhd., Annual General Meeting, Sep 27, 2024

Price target increased by 11% to RM2.33

Full year 2024 earnings released: EPS: RM0.27 (vs RM0.16 in FY 2023)

Upcoming dividend of RM0.035 per share

New minor risk - Dividend sustainability

Third quarter 2024 earnings released: EPS: RM0.071 (vs RM0.033 in 3Q 2023)

Asia File Corporation Bhd. Announces Resignation of Tai Yit Chan as Joint Secretary

Asia File Corporation Bhd. Appoints Low Seow Wei as Joint Secretary

Upcoming dividend of RM0.035 per share at 1.7% yield

Price target increased by 9.6% to RM2.01

Asia File Corporation Bhd. Announces Single Tier First Interim Dividend for the Financial Year Ending 31 March 2024, Payable on February 7, 2024

Others Asia File Corporation Bhd. Declares Single-Tier First Interim Dividend in Respect of the Financial Year Ending 31 March 2024

Others Asia File Corporation Bhd. Declares Single-Tier First Interim Dividend in Respect of the Financial Year Ending 31 March 2024

Price target decreased by 7.4% to RM1.50

Asia File Corporation Bhd. Approves a Final Single Tier Dividend for the Financial Year Ended 31 March 2023

Upcoming dividend of RM0.035 per share at 1.9% yield

Increases to CEO Compensation Might Be Put On Hold For Now at Asia File Corporation Bhd. (KLSE:ASIAFLE)

New major risk - Revenue and earnings growth

Asia File Corporation Bhd (KLSE:ASIAFLE) Is Increasing Its Dividend To MYR0.035

Full year 2023 earnings: EPS and revenues miss analyst expectations

Asia File Corporation Bhd's (KLSE:ASIAFLE) Upcoming Dividend Will Be Larger Than Last Year's

Asia File Corporation Bhd., Annual General Meeting, Sep 29, 2023

Asia File Corporation Bhd. Announces Retirement of NG CHIN NAM as Independent and Non Executive Chairman of Nomination and Remuneration Committee, Effective June 30, 2023

Full year 2023 earnings released: EPS: RM0.16 (vs RM0.22 in FY 2022)

Price target decreased by 9.4% to RM1.73

Third quarter 2023 earnings released: EPS: RM0.033 (vs RM0.04 in 3Q 2022)

Second quarter 2023 earnings released: EPS: RM0.04 (vs RM0.044 in 2Q 2022)

Price target decreased to RM1.91

Upcoming dividend of RM0.02 per share

Price target decreased to RM1.96

Full year 2022 earnings released: EPS: RM0.22 (vs RM0.24 in FY 2021)

High number of new directors

Asia File Corporation Bhd., Annual General Meeting, Sep 29, 2022

Asia File Corporation Bhd. Announces Final Single Tier Dividend for the Financial Year Ended March 31, 2022, Payable on October 27, 2022

Asia File Corporation Bhd. Appoints Chua Hooi Luan as Independent and Non Executive Member of Audit Committee

Asia File Corporation Bhd (KLSE:ASIAFLE) May Have Issues Allocating Its Capital

Asia File Corporation Bhd. Recommends Final Single Tier Dividend

Full year 2022 earnings released: EPS: RM0.22 (vs RM0.24 in FY 2021)

Price target decreased to RM2.31

Insufficient new directors

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

Asia File Corporation Bhd. (KLSE:ASIAFLE) completed the acquisition of Supportive Technology Sdn. Bhd. from ACME Holdings Berhad (KLSE:ACME).

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

Upcoming dividend of RM0.015 per share

Asia File Corporation Bhd. (KLSE:ASIAFLE) entered into a Share Sale Agreement Supportive Technology Sdn. Bhd. from ACME Holdings Berhad (KLSE:ACME) for MYR 21.5 million.

First quarter 2022 earnings released: EPS RM0.086 (vs RM0.003 in 1Q 2021)

A Look At The Fair Value Of Asia File Corporation Bhd. (KLSE:ASIAFLE)

Full year 2021 earnings released: EPS RM0.24 (vs RM0.19 in FY 2020)

Has Asia File Corporation Bhd (KLSE:ASIAFLE) Got What It Takes To Become A Multi-Bagger?

Third quarter 2021 earnings released: EPS RM0.089 (vs RM0.059 in 3Q 2020)

New 90-day high: RM2.50

Calculating The Fair Value Of Asia File Corporation Bhd. (KLSE:ASIAFLE)

New 90-day high: RM2.36

Is Asia File Corporation Bhd (KLSE:ASIAFLE) A Risky Investment?

Asia File Corporation Bhd's (KLSE:ASIAFLE) Shareholders Are Down 57% On Their Shares

New 90-day high: RM2.23

What We Learned About Asia File Corporation Bhd's (KLSE:ASIAFLE) CEO Compensation

How Much Of Asia File Corporation Bhd. (KLSE:ASIAFLE) Do Insiders Own?

Second quarter 2021 earnings released: EPS RM0.065