Aeon (M) Bhd Future Growth

Future criteria checks 1/6

Aeon (M) Bhd is forecast to grow earnings and revenue by 8.9% and 2.4% per annum respectively. EPS is expected to grow by 8.5% per annum. Return on equity is forecast to be 7.8% in 3 years.

Key information

8.9%

Earnings growth rate

8.5%

EPS growth rate

Consumer Retailing earnings growth	17.2%
Revenue growth rate	2.4%
Future return on equity	7.8%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Aeon (M) Bhd (KLSE:AEON) Has Announced That It Will Be Increasing Its Dividend To MYR0.04

May 18

Aeon (M) Bhd (KLSE:AEON) Hasn't Managed To Accelerate Its Returns

May 25

Is Aeon Co. (M) Bhd. (KLSE:AEON) Trading At A 46% Discount?

Jun 04

Is Aeon Co. (M) Bhd. (KLSE:AEON) The Right Choice For A Smart Dividend Investor?

May 02

Aeon (M) Bhd (KLSE:AEON) Has A Somewhat Strained Balance Sheet

Apr 17

Returns On Capital Signal Tricky Times Ahead For Aeon (M) Bhd (KLSE:AEON)

Mar 26

What Kind Of Shareholders Hold The Majority In Aeon Co. (M) Bhd.'s (KLSE:AEON) Shares?

Mar 11

Aeon Co. (M) Bhd.'s (KLSE:AEON) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

Feb 24

Aeon (M) Bhd (KLSE:AEON) Share Prices Have Dropped 59% In The Last Five Years

Feb 11

Here's What You Should Know About Aeon Co. (M) Bhd.'s (KLSE:AEON) 4.3% Dividend Yield

Jan 30

Does Aeon (M) Bhd (KLSE:AEON) Have A Healthy Balance Sheet?

Jan 17

Are Aeon (M) Bhd's (KLSE:AEON) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jan 04

Should You Be Impressed By Aeon (M) Bhd's (KLSE:AEON) Returns on Capital?

Dec 22

What Is The Ownership Structure Like For Aeon Co. (M) Bhd. (KLSE:AEON)?

Dec 09

Aeon Co. (M) Bhd. (KLSE:AEON) Shares Could Be 48% Below Their Intrinsic Value Estimate

Nov 26

Earnings and Revenue Growth Forecasts

KLSE:AEON - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,450	150	241	640	4
12/31/2025	4,314	141	268	633	6
12/31/2024	4,239	129	248	559	7
12/31/2023	4,129	115	249	630	N/A
9/30/2023	4,157	107	244	571	N/A
6/30/2023	4,184	104	225	506	N/A
3/31/2023	4,246	121	607	725	N/A
12/31/2022	4,141	111	586	705	N/A
9/30/2022	4,071	157	841	941	N/A
6/30/2022	3,840	128	730	826	N/A
3/31/2022	3,619	91	501	589	N/A
12/31/2021	3,630	85	632	699	N/A
9/30/2021	3,555	41	313	358	N/A
6/30/2021	3,794	77	700	736	N/A
3/31/2021	3,874	56	698	719	N/A
12/31/2020	4,051	41	350	396	N/A
9/30/2020	4,305	64	515	632	N/A
6/30/2020	4,378	55	277	459	N/A
3/31/2020	4,523	84	362	597	N/A
12/31/2019	4,539	109	415	689	N/A
9/30/2019	4,479	113	303	633	N/A
6/30/2019	4,482	119	125	537	N/A
3/31/2019	4,446	110	16	522	N/A
12/31/2018	4,354	105	42	564	N/A
9/30/2018	4,319	91	-46	479	N/A
6/30/2018	4,215	89	-26	453	N/A
3/31/2018	4,161	107	148	547	N/A
12/31/2017	4,123	105	13	385	N/A
9/30/2017	4,071	92	N/A	570	N/A
6/30/2017	4,074	86	N/A	465	N/A
3/31/2017	4,040	77	N/A	264	N/A
12/31/2016	4,039	80	N/A	465	N/A
9/30/2016	3,991	92	N/A	248	N/A
6/30/2016	3,967	116	N/A	449	N/A
3/31/2016	3,803	113	N/A	235	N/A
12/31/2015	3,835	133	N/A	297	N/A
9/30/2015	3,831	170	N/A	289	N/A
6/30/2015	3,820	184	N/A	222	N/A
3/31/2015	3,867	215	N/A	589	N/A
12/31/2014	3,705	213	N/A	365	N/A
9/30/2014	3,666	213	N/A	427	N/A
6/30/2014	3,629	226	N/A	575	N/A
3/31/2014	3,591	227	N/A	391	N/A
12/31/2013	3,514	231	N/A	452	N/A
9/30/2013	3,455	241	N/A	431	N/A
6/30/2013	3,406	235	N/A	449	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEON's forecast earnings growth (8.9% per year) is above the savings rate (3.6%).

Earnings vs Market: AEON's earnings (8.9% per year) are forecast to grow slower than the MY market (11.8% per year).

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

Revenue vs Market: AEON's revenue (2.4% per year) is forecast to grow slower than the MY market (5.9% per year).

High Growth Revenue: AEON's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AEON's Return on Equity is forecast to be low in 3 years time (7.8%).

Aeon (M) Bhd Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 8.7% to RM1.31

Price target decreased by 8.7% to RM1.51

Consensus forecasts updated

Price target increased to RM1.69

Consensus EPS estimates fall to RM0.033

Price target increased to RM1.54

Recent updates

Full year 2023 earnings: EPS misses analyst expectations

Dividend of RM0.04 announced

Aeon Co. (M) Bhd., Annual General Meeting, May 23, 2024

Now 20% undervalued after recent price drop

Now 21% undervalued

Full year 2023 earnings released: EPS: RM0.082 (vs RM0.079 in FY 2022)

Aeon Co. (M) Bhd. Proposes Final Dividend in Respect of the Financial Year Ended 31 December 2023

Aeon Co. (M) Bhd. Announces Resignation of Keiji Ono as Executive Managing Director

Aeon Co. (M) Bhd. Appoints Tan Ai Lee as Chief Financial Officer, Effective from January 21, 2024

Price target decreased by 8.7% to RM1.31

Third quarter 2023 earnings released: EPS: RM0.01 (vs RM0.008 in 3Q 2022)

New minor risk - Profit margin trend

Aeon Co. (M) Bhd. Reports Fixed Assets Written Off for the Quarter Ended June 30, 2023

Price target decreased by 8.7% to RM1.51

Aeon Co. (M) Bhd. Announces Resignation of Grace Lee Hwee Ling as Chief Financial Officer

Upcoming dividend of RM0.04 per share at 3.0% yield

First quarter 2023 earnings released: EPS: RM0.027 (vs RM0.02 in 1Q 2022)

Aeon Co. (M) Bhd. Appoints Miss Jenifer Thien Bit Leong as Independent and Non Executive Director

Aeon (M) Bhd (KLSE:AEON) Has Announced That It Will Be Increasing Its Dividend To MYR0.04

Aeon Co. (M) Bhd. Announces Appointment of Miss Jenifer Thien Bit Leong as Independent and Non Executive Member of Risk Committee

Full year 2022 earnings: EPS misses analyst expectations

High number of new directors

Full year 2022 earnings released: EPS: RM0.079 (vs RM0.061 in FY 2021)

Third quarter 2022 earnings released: EPS: RM0.008 (vs RM0.013 loss in 3Q 2021)

Second quarter 2022 earnings released: EPS: RM0.034 (vs RM0.008 in 2Q 2021)

Consensus forecasts updated

Aeon Co. (M) Bhd. Reports Fixed Assets Written Off for the Second Quarter Ended June 30, 2022

Insufficient new directors

Aeon Co. (M) Bhd. Appoints Zaida Khalida Binti Shaari as Independent and Non Executive Director, Effective July 1, 2022

Aeon (M) Bhd (KLSE:AEON) Hasn't Managed To Accelerate Its Returns

Upcoming dividend of RM0.03 per share

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Aeon Co. (M) Bhd. Announces Final Dividend in Respect of the Financial Year Ended December 31, 2021, Payable on 20 June 2022

Aeon Co. (M) Bhd. Proposes Final Dividend in Respect of the Financial Year Ended December 31, 2021

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target increased to RM1.69

Consensus EPS estimates fall to RM0.033

Third quarter 2021 earnings: EPS and revenues miss analyst expectations

Chief Financial Officer Min Ho has left the company

Price target increased to RM1.54

Second quarter 2021 earnings released: EPS RM0.008 (vs RM0.007 loss in 2Q 2020)

Upcoming dividend of RM0.015 per share

Is Aeon Co. (M) Bhd. (KLSE:AEON) Trading At A 46% Discount?

Aeon Co. (M) Bhd. Announces Final Dividend Financial Year Ended 31 December 2020, Payable on 29 Jul. 2021

First quarter 2021 earnings released: EPS RM0.016 (vs RM0.005 in 1Q 2020)