Celcomdigi Berhad Future Growth
Future criteria checks 1/6
Celcomdigi Berhad is forecast to grow earnings and revenue by 10.5% and 1.6% per annum respectively. EPS is expected to grow by 10.7% per annum. Return on equity is forecast to be 13.3% in 3 years.
Key information
10.5%
Earnings growth rate
10.67%
EPS growth rate
| Wireless Telecom earnings growth | -1.5% |
| Revenue growth rate | 1.6% |
| Future return on equity | 13.30% |
| Analyst coverage | Good |
| Last updated | 04 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 06
CDB: Softer Margins And Modest EBIT Outlook Will Pressure Future Returns
Analysts have trimmed their fair value estimate for Celcomdigi Berhad from MYR3.10 to MYR2.80 as they factor in updated assumptions around slightly softer revenue growth, lower profit margins, a marginally adjusted discount rate, and a broadly steady forward P/E multiple. What's in the News Celcomdigi Berhad issued earnings guidance for fiscal 2026, indicating it expects EBIT to show low single digit growth for the year (Corporate guidance).
Narrative Update • Apr 21
CDB: New CEO Appointment And Unified Distribution Platform Will Support Future Upside
Analysts have nudged their price target for Celcomdigi Berhad slightly higher to MYR4.92, citing updated assumptions around fair value, revenue, profit margins and future P/E multiples. What's in the News Company issued earnings guidance for fiscal 2026, indicating expectations for EBIT to show low single digit growth.Narrative Update • Apr 07
CDB: New CEO Leadership And Unified Digital Platform Will Support Future Upside
Analysts have nudged their price target on Celcomdigi Berhad slightly lower to reflect a modest adjustment in the implied future P/E to about 27.26x, while keeping fair value broadly steady around MYR4.92, as updated revenue growth and profit margin inputs remain close to prior estimates. What's in the News Company issued earnings guidance for fiscal 2026, indicating expectations for EBIT to show low single digit growth.Narrative Update • Mar 24
CDB: New CEO Appointment And Digital Platform Integration Will Support Future Upside
Analysts have slightly reduced their fair value estimate for Celcomdigi Berhad to MYR4.92 from MYR4.93, reflecting updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Celcomdigi issued earnings guidance for fiscal 2026, indicating expectations for EBIT to record low single digit growth.Narrative Update • Mar 10
CDB: New CEO And Digital Platform Integration Will Support Future Upside
Analysts have lifted their price target for Celcomdigi Berhad by MYR0.00 to reflect slightly higher revenue growth assumptions of 3.61% and a modestly stronger profit margin expectation of 18.44%, while keeping the discount rate and future P/E broadly in line with previous estimates. What's in the News The company issued earnings guidance for fiscal 2026, indicating EBIT is expected to see low single digit growth (Corporate guidance).Narrative Update • Feb 22
CDB: Long Dated Spectrum And New CEO Will Support Future Upside
Analysts have trimmed their price target for Celcomdigi Berhad to MYR4.93 from MYR5.12 as they factor in updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News Company issues earnings guidance for fiscal 2026, indicating expectations for low single digit EBIT growth for the year (Corporate guidance).Analysis Article • Feb 13
Celcomdigi Berhad Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Celcomdigi Berhad ( KLSE:CDB ) last week reported its latest yearly results, which makes it a good time for investors...
Narrative Update • Feb 08
CDB: Future Spectrum Access And Dividends Will Support Long Term Upside
Analysts have slightly revised their fair value estimate for Celcomdigi Berhad from RM3.94 to RM3.93, reflecting marginally lower assumptions for revenue growth, profit margin and future P/E, partially offset by a modestly reduced discount rate. What's in the News Comviva launched a next generation Digital Distribution Management System for CelcomDigi, consolidating multiple legacy systems into a single platform that supports mission critical sales and distribution processes across online, direct, and indirect channels, with integrations across roughly 300 touchpoints and tens of thousands of partners, outlets, and users (Client Announcements).Narrative Update • Jan 23
CDB: Future Spectrum Assignments And Dividends Will Support Long Term Upside
Analysts have lifted their price target for Celcomdigi Berhad to RM3.94 from RM3.94, citing updated assumptions that include slightly higher projected revenue growth and a marginally lower profit margin while keeping the future P/E broadly unchanged. What's in the News CelcomDigi and its wholly owned subsidiaries accepted spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1,800MHz band and 2x20MHz in the 2,600MHz band, effective from 30 November 2025 (Key Developments).Narrative Update • Jan 08
CDB: Long Dated Spectrum Assignments Will Support Stronger Future Upside
Analysts have nudged their fair value estimate for Celcomdigi Berhad higher from RM5.01 to about RM5.12. This reflects updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple in their models.Analysis Article • Jan 05
Is There An Opportunity With Celcomdigi Berhad's (KLSE:CDB) 38% Undervaluation?
Key Insights The projected fair value for Celcomdigi Berhad is RM5.25 based on 2 Stage Free Cash Flow to Equity Current...Narrative Update • Dec 17
CDB: Future Spectrum Capacity And Dividends Will Support Stronger Long Term Share Price
Analysts have slightly lowered their price target for Celcomdigi Berhad, trimming fair value from MYR 3.98 to MYR 3.94 as they factor in modestly softer revenue growth expectations, partly offset by improving profit margin forecasts and a lower implied future P/E multiple. What's in the News Accepted long term spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1800MHz band and 2x20MHz in the 2600MHz band, effective from 30 November 2025 and running to June 2032 and June 2027 respectively (company announcement) Committed MYR 292.5 million in upfront price component payments to the MCMC for the new spectrum and cumulative annual payments totaling MYR 120 million over the assignment periods, supporting network capacity and service quality (company announcement) Declared a third interim tax exempt single tier dividend of 3.6 sen per ordinary share for the financial year ending 31 December 2025, with ex dividend date on 9 December 2025, lodgment date on 10 December 2025, and payment date on 23 December 2025 (company announcement) Valuation Changes Fair Value: Trimmed slightly from MYR 3.98 to MYR 3.94, reflecting a marginally more conservative valuation.Analysis Article • Dec 12
Celcomdigi Berhad's (KLSE:CDB) Share Price Matching Investor Opinion
Celcomdigi Berhad's ( KLSE:CDB ) price-to-earnings (or "P/E") ratio of 29.3x might make it look like a strong sell...Narrative Update • Dec 03
CDB: Future Spectrum Capacity Will Support Stronger Long Term Share Price
Analysts have nudged their price target for Celcomdigi Berhad slightly higher to approximately RM3.98 from RM3.98, citing a modest improvement in long term valuation multiples despite marginal trims to revenue growth and profit margin assumptions. What's in the News Accepted new spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1800MHz band and 2x20MHz in the 2600MHz band, effective 30 November 2025, to support network capacity and service quality (MCMC assignment).Narrative Update • Nov 19
CDB: Increased Revenue Growth and Future Earnings Will Drive Share Price Higher
Analysts have slightly reduced their price target for Celcomdigi Berhad from RM3.99 to RM3.98. This reflects modest adjustments in projected discount rates, revenue growth, and profit margins.Analysis Article • Oct 29
We Think Celcomdigi Berhad (KLSE:CDB) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Oct 09
Completion Of Network Integration Will Boost Operational Efficiency And Service Quality
Analysts have revised their fair value estimate for Celcomdigi Berhad slightly downward from RM4.01 to RM3.99, citing modest decreases in projected revenue growth despite steady margins and profit expectations. What's in the News Mr. Albern Murty, Deputy Chief Executive Officer, will assume the additional role of Acting Chief Executive Officer effective 1 September 2025.Analysis Article • Oct 02
Celcomdigi Berhad's (KLSE:CDB) Intrinsic Value Is Potentially 28% Above Its Share Price
Key Insights Celcomdigi Berhad's estimated fair value is RM4.72 based on 2 Stage Free Cash Flow to Equity Celcomdigi...Analysis Article • Aug 13
With Celcomdigi Berhad (KLSE:CDB) It Looks Like You'll Get What You Pay For
KLSE:CDB 1 Year Share Price vs Fair Value Explore Celcomdigi Berhad's Fair Values from the Community and select yours...Analysis Article • Jul 22
Is Celcomdigi Berhad (KLSE:CDB) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 25
Celcomdigi Berhad (KLSE:CDB) Is Due To Pay A Dividend Of MYR0.037
The board of Celcomdigi Berhad ( KLSE:CDB ) has announced that it will pay a dividend of MYR0.037 per share on the 30th...Analysis Article • May 10
Celcomdigi Berhad's (KLSE:CDB) P/E Still Appears To Be Reasonable
When close to half the companies in Malaysia have price-to-earnings ratios (or "P/E's") below 13x, you may consider...
New Narrative • Feb 09
Commitment To Sustainable Dividend Policy Signals Strong Future Cash Flow Management
Strong growth in key segments and successful integration from the merger could drive revenue growth and improve net margins.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 13,659 | 2,089 | 3,698 | 5,109 | 15 |
| 12/31/2027 | 13,386 | 1,919 | 3,405 | 5,016 | 20 |
| 12/31/2026 | 13,195 | 1,758 | 3,383 | 4,988 | 21 |
| 12/31/2025 | 13,029 | 1,514 | 2,265 | 4,419 | N/A |
| 9/30/2025 | 12,862 | 1,322 | 1,756 | 4,090 | N/A |
| 6/30/2025 | 12,867 | 1,418 | 1,631 | 4,044 | N/A |
| 3/31/2025 | 12,788 | 1,385 | 1,391 | 3,932 | N/A |
| 12/31/2024 | 12,754 | 1,378 | 1,317 | 4,028 | N/A |
| 9/30/2024 | 12,797 | 1,655 | 1,457 | 3,728 | N/A |
| 6/30/2024 | 12,761 | 1,673 | 1,758 | 3,955 | N/A |
| 3/31/2024 | 12,778 | 1,611 | 2,823 | 4,831 | N/A |
| 12/31/2023 | 12,791 | 1,552 | 3,285 | 5,083 | N/A |
| 9/30/2023 | 11,648 | 1,245 | 3,850 | 5,086 | N/A |
| 6/30/2023 | 10,065 | 1,053 | 3,273 | 4,280 | N/A |
| 3/31/2023 | 8,475 | 930 | 2,429 | 3,328 | N/A |
| 12/31/2022 | 6,802 | 848 | 1,671 | 2,559 | N/A |
| 9/30/2022 | 6,204 | 1,025 | 1,522 | 2,238 | N/A |
| 6/30/2022 | 6,256 | 1,074 | 1,759 | 2,483 | N/A |
| 3/31/2022 | 6,333 | 1,133 | 1,758 | 2,501 | N/A |
| 12/31/2021 | 6,361 | 1,162 | 1,803 | 2,606 | N/A |
| 9/30/2021 | 6,334 | 1,138 | 2,015 | 2,788 | N/A |
| 6/30/2021 | 6,333 | 1,146 | 1,642 | 2,386 | N/A |
| 3/31/2021 | 6,165 | 1,154 | 1,728 | 2,461 | N/A |
| 12/31/2020 | 6,172 | 1,221 | 1,712 | 2,432 | N/A |
| 9/30/2020 | 6,288 | 1,284 | 1,585 | 2,251 | N/A |
| 6/30/2020 | 6,267 | 1,319 | 1,704 | 2,351 | N/A |
| 3/31/2020 | 6,365 | 1,423 | 1,510 | 2,234 | N/A |
| 12/31/2019 | 6,314 | 1,433 | 1,311 | 2,062 | N/A |
| 9/30/2019 | 6,311 | 1,468 | N/A | 2,138 | N/A |
| 6/30/2019 | 6,350 | 1,504 | N/A | 2,218 | N/A |
| 3/31/2019 | 6,420 | 1,496 | N/A | 1,982 | N/A |
| 12/31/2018 | 6,547 | 1,541 | N/A | 2,176 | N/A |
| 9/30/2018 | 6,517 | 1,523 | N/A | 2,150 | N/A |
| 6/30/2018 | 6,487 | 1,515 | N/A | 2,631 | N/A |
| 3/31/2018 | 6,421 | 1,490 | N/A | 2,731 | N/A |
| 12/31/2017 | 6,361 | 1,477 | N/A | 2,577 | N/A |
| 9/30/2017 | 6,386 | 1,491 | N/A | 2,010 | N/A |
| 6/30/2017 | 6,434 | 1,545 | N/A | 1,420 | N/A |
| 3/31/2017 | 6,538 | 1,607 | N/A | 1,454 | N/A |
| 12/31/2016 | 6,616 | 1,633 | N/A | 1,532 | N/A |
| 9/30/2016 | 6,666 | 1,640 | N/A | 2,252 | N/A |
| 6/30/2016 | 6,718 | 1,599 | N/A | 2,322 | N/A |
| 3/31/2016 | 6,781 | 1,642 | N/A | 2,115 | N/A |
| 12/31/2015 | 6,914 | 1,723 | N/A | 2,225 | N/A |
| 9/30/2015 | 6,995 | 1,900 | N/A | 2,140 | N/A |
| 6/30/2015 | 7,078 | 1,991 | N/A | 2,396 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDB's forecast earnings growth (10.5% per year) is above the savings rate (3.8%).
Earnings vs Market: CDB's earnings (10.5% per year) are forecast to grow slower than the MY market (11% per year).
High Growth Earnings: CDB's earnings are forecast to grow, but not significantly.
Revenue vs Market: CDB's revenue (1.6% per year) is forecast to grow slower than the MY market (6.4% per year).
High Growth Revenue: CDB's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CDB's Return on Equity is forecast to be low in 3 years time (13.3%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 10:45 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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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
Celcomdigi Berhad is covered by 32 analysts. 21 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 |
|---|---|
| Chee Chow | Affin Hwang Investment Bank |
| Anand Ramachandran | Barclays |
| Yi Ching Low | Berjaya Securities Sdn Bhd. |