HeveaBoard Berhad Future Growth

Future criteria checks 0/6

HeveaBoard Berhad is forecast to grow earnings and revenue by 18% and 3.5% per annum respectively while EPS is expected to grow by 17.2% per annum.

Key information

18.0%

Earnings growth rate

17.15%

EPS growth rate

Forestry earnings growth	21.2%
Revenue growth rate	3.5%
Future return on equity	n/a
Analyst coverage	Low
Last updated	27 Feb 2026

Recent future growth updates

Analysis Article • Feb 27

HeveaBoard Berhad Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Shareholders might have noticed that HeveaBoard Berhad ( KLSE:HEVEA ) filed its annual result this time last week. The...

Recent updates

Analysis Article • Feb 10

HeveaBoard Berhad (KLSE:HEVEA) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough

Unfortunately for some shareholders, the HeveaBoard Berhad ( KLSE:HEVEA ) share price has dived 27% in the last thirty...

Analysis Article • Feb 10

Investors Don't See Light At End Of HeveaBoard Berhad's (KLSE:HEVEA) Tunnel And Push Stock Down 27%

Unfortunately for some shareholders, the HeveaBoard Berhad ( KLSE:HEVEA ) share price has dived 27% in the last thirty...

Analysis Article • Aug 30

HeveaBoard Berhad's (KLSE:HEVEA) Analyst Just Slashed This Year's Estimates

Market forces rained on the parade of HeveaBoard Berhad ( KLSE:HEVEA ) shareholders today, when the covering analyst...

Analysis Article • Aug 07

When Should You Buy HeveaBoard Berhad (KLSE:HEVEA)?

HeveaBoard Berhad ( KLSE:HEVEA ), is not the largest company out there, but it saw significant share price movement...

Analysis Article • Feb 27

HeveaBoard Berhad Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Shareholders might have noticed that HeveaBoard Berhad ( KLSE:HEVEA ) filed its annual result this time last week. The...

Analysis Article • Jan 30

HeveaBoard Berhad (KLSE:HEVEA) Could Be At Risk Of Shrinking As A Company

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...

Analysis Article • Sep 29

HeveaBoard Berhad's (KLSE:HEVEA) Returns On Capital Tell Us There Is Reason To Feel Uneasy

When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...

Analysis Article • Jun 14

When Should You Buy HeveaBoard Berhad (KLSE:HEVEA)?

HeveaBoard Berhad ( KLSE:HEVEA ), is not the largest company out there, but it received a lot of attention from a...

Analysis Article • Oct 12

HeveaBoard Berhad (KLSE:HEVEA) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Jun 22

HeveaBoard Berhad's (KLSE:HEVEA) CEO Might Not Expect Shareholders To Be So Generous This Year

Shareholders will probably not be too impressed with the underwhelming results at HeveaBoard Berhad ( KLSE:HEVEA...

Analysis Article • May 03

HeveaBoard Berhad's(KLSE:HEVEA) Share Price Is Down 51% Over The Past Five Years.

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

Analysis Article • Jan 27

HeveaBoard Berhad (KLSE:HEVEA) Could Easily Take On More Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Analysis Article • Jan 12

Is Now The Time To Look At Buying HeveaBoard Berhad (KLSE:HEVEA)?

HeveaBoard Berhad ( KLSE:HEVEA ), is not the largest company out there, but it saw a significant share price rise of...

Analysis Article • Dec 28

A Quick Analysis On HeveaBoard Berhad's (KLSE:HEVEA) CEO Compensation

Hau Yoong became the CEO of HeveaBoard Berhad ( KLSE:HEVEA ) in 2012, and we think it's a good time to look at the...

Analysis Article • Dec 15

HeveaBoard Berhad's (KLSE:HEVEA) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?

HeveaBoard Berhad (KLSE:HEVEA) has had a great run on the share market with its stock up by a significant 65% over the...

Analysis Article • Dec 03

Should You Use HeveaBoard Berhad's (KLSE:HEVEA) Statutory Earnings To Analyse It?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...

Analysis Article • Nov 20

Here's What HeveaBoard Berhad's (KLSE:HEVEA) Shareholder Ownership Structure Looks Like

The big shareholder groups in HeveaBoard Berhad (KLSE:HEVEA) have power over the company. Institutions often own...

Earnings and Revenue Growth Forecasts

KLSE:HEVEA - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	306	-32	N/A	N/A	1
12/31/2026	294	-30	N/A	N/A	1
6/30/2026	291	-44	-26	-6	N/A
3/31/2026	294	-50	-37	-12	N/A
12/31/2025	306	-40	-22	-3	N/A
9/30/2025	305	-25	-10	12	N/A
6/30/2025	310	-21	-17	1	N/A
3/31/2025	318	-8	-24	2	N/A
12/31/2024	327	-5	-15	17	N/A
9/30/2024	327	-6	-32	-1	N/A
6/30/2024	317	3	-20	26	N/A
3/31/2024	307	4	-13	22	N/A
12/31/2023	296	-4	-15	16	N/A
9/30/2023	315	-2	-3	36	N/A
6/30/2023	318	-5	-22	-1	N/A
3/31/2023	361	-3	-1	23	N/A
12/31/2022	413	9	3	25	N/A
9/30/2022	422	12	24	36	N/A
6/30/2022	415	12	39	48	N/A
3/31/2022	400	5	21	27	N/A
12/31/2021	371	-1	5	15	N/A
9/30/2021	379	2	-5	5	N/A
6/30/2021	425	14	11	22	N/A
3/31/2021	397	13	13	24	N/A
12/31/2020	389	16	23	32	N/A
9/30/2020	386	13	38	48	N/A
6/30/2020	373	9	41	49	N/A
3/31/2020	405	14	N/A	60	N/A
12/31/2019	419	14	N/A	65	N/A
9/30/2019	422	14	N/A	63	N/A
6/30/2019	426	13	N/A	68	N/A
3/31/2019	438	16	N/A	69	N/A
12/31/2018	448	17	N/A	49	N/A
9/30/2018	456	25	N/A	63	N/A
6/30/2018	472	29	N/A	48	N/A
3/31/2018	501	42	N/A	72	N/A
12/31/2017	544	64	N/A	76	N/A
9/30/2017	557	77	N/A	66	N/A
6/30/2017	566	87	N/A	66	N/A
3/31/2017	553	86	N/A	55	N/A
12/31/2016	540	81	N/A	73	N/A
9/30/2016	547	78	N/A	95	N/A
6/30/2016	543	79	N/A	130	N/A
3/31/2016	533	80	N/A	126	N/A
12/31/2015	503	74	N/A	142	N/A
9/30/2015	467	57	N/A	98	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HEVEA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HEVEA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HEVEA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HEVEA's revenue (3.5% per year) is forecast to grow slower than the MY market (7% per year).

High Growth Revenue: HEVEA's revenue (3.5% 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 HEVEA's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 15:33
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

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.

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 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

HeveaBoard Berhad is covered by 3 analysts. 1 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
Jeremy Goh	Hong Leong Investment Bank Berhad
Ket Sia	Hong Leong Investment Bank Berhad
Tooan Orng Goh	UOB Kay Hian Research Pte Ltd

HeveaBoard Berhad Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 475%

Consensus EPS estimates have been downgraded.

Price target decreased by 17% to RM0.24

Price target decreased by 15% to RM0.29

Consensus revenue estimates fall by 19%

HeveaBoard Berhad Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

Second quarter 2026 earnings released: RM0.012 loss per share (vs RM0.024 loss in 2Q 2025)

New major risk - Revenue and earnings growth

First quarter 2026 earnings released: RM0.021 loss per share (vs RM0.004 loss in 1Q 2025)

New major risk - Share price stability

HeveaBoard Berhad, Annual General Meeting, Jun 19, 2026

Full year 2025 earnings released: RM0.071 loss per share (vs RM0.009 loss in FY 2024)

New major risk - Revenue and earnings growth

New major risk - Share price stability

HeveaBoard Berhad (KLSE:HEVEA) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough

Investors Don't See Light At End Of HeveaBoard Berhad's (KLSE:HEVEA) Tunnel And Push Stock Down 27%

HeveaBoard Berhad Announces Retirement of Hew Mei Ying (Elaine Hew) as Chief Financial Officer, Effective December 31, 2025

New minor risk - Share price stability

Insufficient new directors

Consensus EPS estimates fall by 475%

Third quarter 2025 earnings released: RM0.023 loss per share (vs RM0.016 loss in 3Q 2024)

Consensus EPS estimates have been downgraded.

Second quarter 2025 earnings released: RM0.024 loss per share (vs RM0.001 loss in 2Q 2024)

Upcoming dividend of RM0.01 per share

First quarter 2025 earnings released: RM0.004 loss per share (vs RM0.002 profit in 1Q 2024)

Dividend of RM0.01 announced

HeveaBoard Berhad, Annual General Meeting, Jun 26, 2025

Price target decreased by 17% to RM0.24

Full year 2024 earnings released: RM0.009 loss per share (vs RM0.007 loss in FY 2023)

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: RM0.016 loss per share (vs RM0.001 profit in 3Q 2023)

Price target decreased by 15% to RM0.29

HeveaBoard Berhad Announces the Redesignation of Yoong Yan Pin as Independent and Non Executive Member of Nomination Committee from Independent and Non Executive Chairman of Nomination Committee

Consensus revenue estimates fall by 19%

HeveaBoard Berhad's (KLSE:HEVEA) Analyst Just Slashed This Year's Estimates

Second quarter 2024 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2023)

When Should You Buy HeveaBoard Berhad (KLSE:HEVEA)?

Upcoming dividend of RM0.01 per share

First quarter 2024 earnings released: EPS: RM0.002 (vs RM0.012 loss in 1Q 2023)

Dividend reduced to RM0.01

HeveaBoard Berhad, Annual General Meeting, Jun 28, 2024

Full year 2023 earnings released: RM0.006 loss per share (vs RM0.016 profit in FY 2022)

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.006 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: RM0 (vs RM0.005 in 2Q 2022)

Upcoming dividend of RM0.012 per share at 3.4% yield

Heveaboard Berhad Approves First and Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2022

First quarter 2023 earnings released: RM0.012 loss per share (vs RM0.009 profit in 1Q 2022)

HeveaBoard Berhad appoints Chin Pik Yuen as Independent and Non Executive Chairman of Audit Committee

HeveaBoard Berhad Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Full year 2022 earnings released: EPS: RM0.017 (vs RM0.002 loss in FY 2021)

HeveaBoard Berhad (KLSE:HEVEA) Could Be At Risk Of Shrinking As A Company

Third quarter 2022 earnings released: RM0.006 loss per share (vs RM0.007 loss in 3Q 2021)

Consensus EPS estimates fall by 58%

Insufficient new directors

HeveaBoard Berhad Appoints Miss Chin Pik Yuen as Independent and Non Executive Director

HeveaBoard Berhad's (KLSE:HEVEA) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Second quarter 2022 earnings released: EPS: RM0.005 (vs RM0.007 loss in 2Q 2021)

Consensus forecasts updated

Upcoming dividend of RM0.01 per share

When Should You Buy HeveaBoard Berhad (KLSE:HEVEA)?

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

HeveaBoard Berhad, Annual General Meeting, Jun 24, 2022

Price target increased to RM0.63

Insufficient new directors

HeveaBoard Berhad Recommends First and Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2021

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target increased to RM0.63

Insufficient new directors

Insufficient new directors

Third quarter 2021 earnings: EPS and revenues exceed analyst expectations

HeveaBoard Berhad (KLSE:HEVEA) Has A Rock Solid Balance Sheet

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

Price target decreased to RM0.54

HeveaBoard Berhad's (KLSE:HEVEA) CEO Might Not Expect Shareholders To Be So Generous This Year