Icon Offshore Berhad Future Growth

Future criteria checks 5/6

Icon Offshore Berhad is forecast to grow earnings and revenue by 97.8% and 20.3% per annum respectively. EPS is expected to grow by 96.9% per annum. Return on equity is forecast to be 15.8% in 3 years.

Key information

97.8%

Earnings growth rate

96.9%

EPS growth rate

Energy Services earnings growth	9.9%
Revenue growth rate	20.3%
Future return on equity	15.8%
Analyst coverage	Low
Last updated	25 Oct 2024

Recent future growth updates

Recent updates

Icon Offshore Berhad (KLSE:ICON) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

Mar 15

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Mar 03

After Leaping 28% Icon Offshore Berhad (KLSE:ICON) Shares Are Not Flying Under The Radar

Jan 21

Icon Offshore Berhad (KLSE:ICON) Has More To Do To Multiply In Value Going Forward

Aug 22

We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt

Jul 01

The Return Trends At Icon Offshore Berhad (KLSE:ICON) Look Promising

May 16

A Look At The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Mar 10

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Jan 17

Estimating The Fair Value Of Icon Offshore Berhad (KLSE:ICON)

Nov 26

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Oct 07

Icon Offshore Berhad (KLSE:ICON) Is Experiencing Growth In Returns On Capital

Jul 20

Investors Continue Waiting On Sidelines For Icon Offshore Berhad (KLSE:ICON)

May 17

Returns On Capital Are Showing Encouraging Signs At Icon Offshore Berhad (KLSE:ICON)

Dec 13

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Oct 11

Be Wary Of Icon Offshore Berhad (KLSE:ICON) And Its Returns On Capital

Aug 02

Icon Offshore Berhad (KLSE:ICON) Seems To Use Debt Quite Sensibly

May 07

Can Icon Offshore Berhad (KLSE:ICON) Continue To Grow Its Returns On Capital?

Mar 15

We're Not So Sure You Should Rely on Icon Offshore Berhad's (KLSE:ICON) Statutory Earnings

Feb 08

Icon Offshore Berhad (KLSE:ICON) Has A Pretty Healthy Balance Sheet

Jan 04

What We Make Of Icon Offshore Berhad's (KLSE:ICON) Returns On Capital

Nov 30

Earnings and Revenue Growth Forecasts

KLSE:ICON - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	297	65	107	127	1
12/31/2025	300	50	100	120	2
12/31/2024	226	9	47	67	2
6/30/2024	188	-12	17	52	N/A
3/31/2024	187	-15	33	68	N/A
12/31/2023	200	5	58	81	N/A
9/30/2023	126	-34	123	136	N/A
6/30/2023	146	-33	126	144	N/A
3/31/2023	170	-30	80	91	N/A
12/31/2022	193	-23	114	128	N/A
9/30/2022	306	23	52	55	N/A
6/30/2022	314	29	71	68	N/A
3/31/2022	317	37	113	124	N/A
12/31/2021	301	23	-102	86	N/A
9/30/2021	275	18	-89	113	N/A
6/30/2021	240	4	-131	76	N/A
3/31/2021	214	-4	-119	79	N/A
12/31/2020	212	28	27	50	N/A
9/30/2020	211	35	28	64	N/A
6/30/2020	214	29	43	80	N/A
3/31/2020	208	18	18	58	N/A
12/31/2019	201	-10	47	85	N/A
9/30/2019	194	-444	35	64	N/A
6/30/2019	190	-449	39	64	N/A
3/31/2019	193	-450	58	68	N/A
12/31/2018	200	-451	69	77	N/A
9/30/2018	203	-74	81	81	N/A
6/30/2018	210	-62	61	64	N/A
3/31/2018	211	-64	N/A	68	N/A
12/31/2017	205	-62	N/A	67	N/A
9/30/2017	208	-163	N/A	14	N/A
6/30/2017	213	-162	N/A	102	N/A
3/31/2017	217	-154	N/A	106	N/A
12/31/2016	227	-153	N/A	100	N/A
9/30/2016	239	-379	N/A	157	N/A
6/30/2016	245	-376	N/A	99	N/A
3/31/2016	255	-372	N/A	109	N/A
12/31/2015	267	-364	N/A	146	N/A
9/30/2015	278	26	N/A	188	N/A
6/30/2015	289	39	N/A	161	N/A
3/31/2015	302	43	N/A	164	N/A
12/31/2014	319	59	N/A	166	N/A
9/30/2014	328	133	N/A	148	N/A
6/30/2014	346	136	N/A	191	N/A
3/31/2014	350	130	N/A	197	N/A
12/31/2013	335	114	N/A	192	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICON is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.6%).

Earnings vs Market: ICON is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ICON is expected to become profitable in the next 3 years.

Revenue vs Market: ICON's revenue (20.3% per year) is forecast to grow faster than the MY market (6.1% per year).

High Growth Revenue: ICON's revenue (20.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ICON's Return on Equity is forecast to be low in 3 years time (15.8%).

Icon Offshore Berhad Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 50%

Price target increased to RM0.16

Recent updates

Second quarter 2024 earnings released: EPS: RM0.012 (vs RM0.008 in 2Q 2023)

Now 21% undervalued

Now 24% undervalued

Icon Offshore Berhad Appoints ENCIK AINUL AZHAR BIN AINUL JAMAL as Independent and Non Executive Director

Now 22% undervalued

Now 18% undervalued

Now 23% undervalued

Icon Offshore Berhad Announces the Re-Designation of Puan Farina Binti Farikhullah Khan as Chairman of Audit Committee from Member of Audit Committee Independent and Non Executive

Icon Offshore Berhad Announces Retirement of Datuk Wira Azhar Bin Abdul Hamid as Independent and Non Executive Chairman of Audit Committee

First quarter 2024 earnings released: RM0.044 loss per share (vs RM0.008 loss in 1Q 2023)

Icon Offshore Berhad Appoints Dato' Syed Naqiz Shahabuddin Bin Syed Abdul Jabbar as Independent and Non Executive Independent Director

Icon Offshore Berhad, Annual General Meeting, May 30, 2024

New minor risk - Shareholder dilution

Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad (KLSE:ICON) from Hallmark Odyssey Sdn. Bhd. for MYR 170 million

Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad (KLSE:ICON) from Hallmark Odyssey Sdn. Bhd. for MYR 170 million

Icon Offshore Berhad (KLSE:ICON) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Full year 2023 earnings released: EPS: RM0.009 (vs RM0.31 in FY 2022)

After Leaping 28% Icon Offshore Berhad (KLSE:ICON) Shares Are Not Flying Under The Radar

Calculating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Upcoming dividend of RM0.05 per share at 16% yield

Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.014 in 3Q 2022)

Now 20% undervalued

We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt

Estimating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

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

Icon Offshore Berhad (KLSE:ICON) Has More To Do To Multiply In Value Going Forward

New major risk - Share price stability

We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt

High number of new directors

Icon Offshore Berhad Announces the Resignation of Ym Raja Tan Sri Dato Seri Arshad Bin Raja Tun Uda as Non-Independent and Non-Executive Chairman

Consensus EPS estimates fall by 17%

First quarter 2023 earnings released: RM0.002 loss per share (vs RM0.001 profit in 1Q 2022)

The Return Trends At Icon Offshore Berhad (KLSE:ICON) Look Promising

Now 23% undervalued

Now 27% undervalued after recent price drop

A Look At The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Full year 2022 earnings released: EPS: RM0.063 (vs RM0.008 in FY 2021)

Now 27% undervalued after recent price drop

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Consensus EPS estimates fall by 50%

Icon Offshore Berhad Announces Resignation of Siti Nur Naimin Binti Hasanuddin as Company Secretary

Third quarter 2022 earnings released: EPS: RM0.003 (vs RM0.005 in 3Q 2021)

Estimating The Fair Value Of Icon Offshore Berhad (KLSE:ICON)

Icon Offshore Berhad Announces Single-Tier Special Dividend for the Financial Year Ended December 31, 2022, Payable on December 28, 2022

Price target increased to RM0.16

Insufficient new directors

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Second quarter 2022 earnings released: EPS: RM0.003 (vs RM0.005 in 2Q 2021)

Icon Offshore Berhad (KLSE:ICON) Is Experiencing Growth In Returns On Capital

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investors Continue Waiting On Sidelines For Icon Offshore Berhad (KLSE:ICON)

Icon Offshore Berhad, Annual General Meeting, Jun 28, 2022

Insufficient new directors

Full year 2021 earnings: EPS and revenues miss analyst expectations

Returns On Capital Are Showing Encouraging Signs At Icon Offshore Berhad (KLSE:ICON)

Insufficient new directors

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Second quarter 2021 earnings released: EPS RM0.006 (vs RM0.003 in 2Q 2020)

Be Wary Of Icon Offshore Berhad (KLSE:ICON) And Its Returns On Capital

First quarter 2021 earnings released: RM0.004 loss per share (vs RM0.67 profit in 1Q 2020)

Icon Offshore Berhad (KLSE:ICON) Seems To Use Debt Quite Sensibly

Can Icon Offshore Berhad (KLSE:ICON) Continue To Grow Its Returns On Capital?

Full year 2020 earnings released: EPS RM0.011 (vs RM0.42 loss in FY 2019)

We're Not So Sure You Should Rely on Icon Offshore Berhad's (KLSE:ICON) Statutory Earnings

Icon Offshore Berhad (KLSE:ICON) Has A Pretty Healthy Balance Sheet

What We Make Of Icon Offshore Berhad's (KLSE:ICON) Returns On Capital

Icon Offshore Berhad Appoints Tan Loo Ee as Company Secretary

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity