Mr D.I.Y. Group (M) Berhad (KLSE:MRDIY) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Mr D.I.Y. Group (M) Berhad (KLSE:MRDIY) last week reported its latest annual results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results look mixed - while revenue fell marginally short of analyst estimates at RM4.4b, statutory earnings were in line with expectations, at RM0.059 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Mr D.I.Y. Group (M) Berhad

Taking into account the latest results, the current consensus from Mr D.I.Y. Group (M) Berhad's 14 analysts is for revenues of RM5.14b in 2024. This would reflect a meaningful 18% increase on its revenue over the past 12 months. Per-share earnings are expected to grow 16% to RM0.069. Yet prior to the latest earnings, the analysts had been anticipated revenues of RM5.19b and earnings per share (EPS) of RM0.07 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of RM2.06, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Mr D.I.Y. Group (M) Berhad at RM2.60 per share, while the most bearish prices it at RM1.53. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 18% growth on an annualised basis. That is in line with its 18% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 8.5% per year. So it's pretty clear that Mr D.I.Y. Group (M) Berhad is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Mr D.I.Y. Group (M) Berhad analysts - going out to 2026, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Mr D.I.Y. Group (M) Berhad that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.