Mi Technovation Berhad Future Growth

Future criteria checks 3/6

Mi Technovation Berhad is forecast to grow earnings and revenue by 17.3% and 17.1% per annum respectively. EPS is expected to grow by 16.9% per annum. Return on equity is forecast to be 7.4% in 3 years.

Key information

17.3%

Earnings growth rate

16.9%

EPS growth rate

Semiconductor earnings growth	31.5%
Revenue growth rate	17.1%
Future return on equity	7.4%
Analyst coverage	Low
Last updated	01 Mar 2024

Recent future growth updates

Recent updates

Investors Could Be Concerned With Mi Technovation Berhad's (KLSE:MI) Returns On Capital

May 13

Does Mi Technovation Berhad (KLSE:MI) Have A Healthy Balance Sheet?

Nov 27

What Is Mi Technovation Berhad's (KLSE:MI) Share Price Doing?

Jun 01

Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?

May 06

Be Wary Of Mi Technovation Berhad (KLSE:MI) And Its Returns On Capital

Apr 18

Are Dividend Investors Making A Mistake With Mi Technovation Berhad (KLSE:MI)?

Mar 22

Is Mi Technovation Berhad (KLSE:MI) Trading At A 28% Discount?

Mar 09

Is Mi Technovation Berhad (KLSE:MI) Potentially Undervalued?

Feb 24

Can You Imagine How Jubilant Mi Technovation Berhad's (KLSE:MI) Shareholders Feel About Its 144% Share Price Gain?

Feb 11

Is Mi Technovation Berhad's (KLSE:MI) Shareholder Ownership Skewed Towards Insiders?

Jan 28

Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?

Jan 13

What Do The Returns On Capital At Mi Technovation Berhad (KLSE:MI) Tell Us?

Jan 02

Mi Technovation Berhad's (KLSE:MI) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Dec 22

Is Mi Technovation Berhad's (KLSE:MI) 0.9% Dividend Sustainable?

Dec 09

Should You Rely On Mi Technovation Berhad's (KLSE:MI) Earnings Growth?

Nov 27

Earnings and Revenue Growth Forecasts

KLSE:MI - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	594	89	N/A	N/A	1
12/31/2025	543	86	26	76	3
12/31/2024	473	73	8	58	3
12/31/2023	356	55	68	78	N/A
9/30/2023	376	60	53	62	N/A
6/30/2023	368	66	75	84	N/A
3/31/2023	377	62	57	69	N/A
12/31/2022	389	69	69	81	N/A
9/30/2022	362	65	114	140	N/A
6/30/2022	387	64	69	99	N/A
3/31/2022	410	71	52	82	N/A
12/31/2021	375	62	0	50	N/A
9/30/2021	353	62	-47	-4	N/A
6/30/2021	303	55	-48	-5	N/A
3/31/2021	248	47	-41	9	N/A
12/31/2020	229	54	-15	30	N/A
9/30/2020	230	58	-40	1	N/A
6/30/2020	213	63	-4	36	N/A
3/31/2020	197	63	-21	45	N/A
12/31/2019	191	59	-30	32	N/A
9/30/2019	154	49	-24	44	N/A
6/30/2019	148	45	-42	30	N/A
3/31/2019	156	45	-30	15	N/A
12/31/2018	160	44	-21	12	N/A
12/31/2017	173	59	33	41	N/A
12/31/2016	57	16	N/A	9	N/A
12/31/2015	105	41	N/A	49	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MI's forecast earnings growth (17.3% per year) is above the savings rate (3.5%).

Earnings vs Market: MI's earnings (17.3% per year) are forecast to grow faster than the MY market (11.8% per year).

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

Revenue vs Market: MI's revenue (17.1% per year) is forecast to grow faster than the MY market (5.9% per year).

High Growth Revenue: MI's revenue (17.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MI's Return on Equity is forecast to be low in 3 years time (7.4%).

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Mi Technovation Berhad Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 7.5% to RM2.16

Consensus revenue estimates fall by 12%

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 12%

Price target decreased to RM4.83

Recent updates

Upcoming dividend of RM0.02 per share

Mi Technovation Berhad (KLSE:MI) Is Due To Pay A Dividend Of MYR0.02

Final dividend of RM0.02 announced

Full year 2023 earnings released: EPS: RM0.062 (vs RM0.077 in FY 2022)

Price target increased by 7.5% to RM2.16

Third quarter 2023 earnings released: EPS: RM0.016 (vs RM0.023 in 3Q 2022)

Upcoming dividend of RM0.02 per share at 2.5% yield

MI Technovation Berhad Announces First Interim Dividend for Financial Year Ending 31 December 2023, Payable on 11 September 2023

Second quarter 2023 earnings released: EPS: RM0.025 (vs RM0.021 in 2Q 2022)

Investor sentiment improves as stock rises 17%

At RM1.55, Is Mi Technovation Berhad (KLSE:MI) Worth Looking At Closely?

Mi Technovation Berhad (KLSE:MI) Is Reinvesting At Lower Rates Of Return

First quarter 2023 earnings released: EPS: RM0.007 (vs RM0.014 in 1Q 2022)

Investor sentiment deteriorates as stock falls 20%

Consensus revenue estimates fall by 12%

Investor sentiment improves as stock rises 23%

Upcoming dividend of RM0.02 per share at 2.1% yield

Full year 2022 earnings released: EPS: RM0.077 (vs RM0.075 in FY 2021)

Capital Allocation Trends At Mi Technovation Berhad (KLSE:MI) Aren't Ideal

Less than half of directors are independent

Mi Technovation Berhad Announces Resignation of Miss Wong Ming Nee as Chief Finance Director

Investor sentiment improved over the past week

Is Now The Time To Look At Buying Mi Technovation Berhad (KLSE:MI)?

Consensus EPS estimates fall by 18%

Upcoming dividend of RM0.01 per share

Mi Technovation Berhad Announces Second Single-Tier Interim Dividend for the Financial Year Ending 31 December 2022 Payable on 26 August 2022

Second quarter 2022 earnings released: EPS: RM0.021 (vs RM0.033 in 2Q 2021)

A Look At The Intrinsic Value Of Mi Technovation Berhad (KLSE:MI)

Mi Technovation Berhad appoints Wong Ming Nee as Chief Finance Director

Mi Technovation Berhad Announces Resignation of MADAM YONG SHIAO VOON as Executive Director

With EPS Growth And More, Mi Technovation Berhad (KLSE:MI) Is Interesting

Investor sentiment deteriorated over the past week

Investors Could Be Concerned With Mi Technovation Berhad's (KLSE:MI) Returns On Capital

Upcoming dividend of RM0.01 per share

Consensus EPS estimates fall by 12%

Full year 2021 earnings: EPS exceeds analyst expectations

Investor sentiment improved over the past week

Now 24% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Upcoming dividend of RM0.02 per share

Mi Technovation Berhad Announces Second Interim Dividend for the Financial Year Ending December 31, 2021, Payable on March 22, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target decreased to RM4.83

Does Mi Technovation Berhad (KLSE:MI) Have A Healthy Balance Sheet?

Upcoming dividend of RM0.03 per share

Third quarter 2021 earnings released: EPS RM0.022 (vs RM0.017 in 3Q 2020)

Mi Technovation Berhad has completed a Follow-on Equity Offering in the amount of MYR 295.425 million.

Second quarter 2021 earnings released: EPS RM0.033 (vs RM0.024 in 2Q 2020)

Investor sentiment improved over the past week

What Is Mi Technovation Berhad's (KLSE:MI) Share Price Doing?

Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?

Full year 2020 earnings released: EPS RM0.072 (vs RM0.079 in FY 2019)

Be Wary Of Mi Technovation Berhad (KLSE:MI) And Its Returns On Capital

Are Dividend Investors Making A Mistake With Mi Technovation Berhad (KLSE:MI)?

Is Mi Technovation Berhad (KLSE:MI) Trading At A 28% Discount?

Is Mi Technovation Berhad (KLSE:MI) Potentially Undervalued?

Full year 2020 earnings released: EPS RM0.072 (vs RM0.079 in FY 2019)

Revenue beats expectations, earnings disappoint

Can You Imagine How Jubilant Mi Technovation Berhad's (KLSE:MI) Shareholders Feel About Its 144% Share Price Gain?

New 90-day high: RM5.20

Is Mi Technovation Berhad's (KLSE:MI) Shareholder Ownership Skewed Towards Insiders?

New 90-day high: RM4.83

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?

What Do The Returns On Capital At Mi Technovation Berhad (KLSE:MI) Tell Us?

Investor sentiment improved over the past week

Mi Technovation Berhad's (KLSE:MI) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

New 90-day low: RM3.64

Is Mi Technovation Berhad's (KLSE:MI) 0.9% Dividend Sustainable?