Mega First Corporation Berhad Past Earnings Performance
Past criteria checks 3/6
Mega First Berhad has been growing earnings at an average annual rate of 0.6%, while the Renewable Energy industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 12.9% per year. Mega First Berhad's return on equity is 11.3%, and it has net margins of 27.9%.
Key information
0.63%
Earnings growth rate
0.69%
EPS growth rate
| Renewable Energy Industry Growth | 12.65% |
| Revenue growth rate | 12.88% |
| Return on equity | 11.27% |
| Net Margin | 27.91% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 16
MFCB: Dividend Clarity And Stable Margins Will Support Share Price
Analysts have maintained Mega First Corporation Berhad’s fair value estimate at MYR3.42 per share. The latest price target update reflects a slightly lower discount rate and modest adjustments to assumptions for revenue contraction, profit margin, and future P/E.
Narrative Update • Jun 02
MFCB: Upcoming Dividend Timeline Will Support A Positive Long Term View
Analysts have slightly trimmed their price target on Mega First Corporation Berhad to MYR4.13 from MYR4.17, citing updated assumptions that combine a lower discount rate with revised expectations for revenue growth, profit margins and future P/E multiples. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR0.05 per share for the financial year ended 31 December 2025.Narrative Update • Apr 30
MFCB: Steady Outlook Will Balance Dividend Clarity With Softer Earnings Assumptions
Analysts have maintained the fair value estimate for Mega First Corporation Berhad at MYR3.42, citing adjustments to the discount rate, revenue growth expectations and profit margin assumptions, while keeping a similar forward P/E outlook. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR0.05 per share for the financial year ended 31 December 2025, giving shareholders clarity on the upcoming payout schedule (Key Developments).Narrative Update • Apr 16
MFCB: Upcoming Dividend Timeline Will Support A Positive Long Term View
Analysts kept their fair value estimate for Mega First Corporation Berhad steady at MYR4.17, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions reflected in the updated price target rationale. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR0.05 per share for the financial year ended 31 December 2025, giving investors visibility on the latest proposed cash payout (Key Developments).Narrative Update • Apr 01
MFCB: Future Dividend Payout Will Support My Positive Long Term View
Analysts have trimmed their MYR fair value estimate for Mega First Corporation Berhad from about MYR4.81 to roughly MYR4.17, citing updated assumptions around revenue growth, profit margins, and the P/E multiple applied to future earnings. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR 0.05 per share for the financial year ended 31 December 2025, giving investors clear visibility on the upcoming payout schedule (company announcement).
Narrative Update • Mar 18
MFCB: Steady Assumptions Will Support Future P E Multiple Repricing
Analysts have maintained the MYR fair value estimate for Mega First Corporation Berhad at MYR5.39, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and forward P/E assumptions that support this unchanged price target. Valuation Changes Fair Value: MYR5.39 remains unchanged, indicating no shift in the overall valuation outcome.Narrative Update • Mar 04
MFCB: Future P/E Repricing Will Support A Stronger Bullish Outlook
Narrative Update on Mega First Corporation Berhad The analyst price target for Mega First Corporation Berhad has been adjusted from MYR5.80 to MYR5.39 as analysts update their assumptions for revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value: trimmed from MYR5.80 to MYR5.39, indicating a modest reduction in the implied valuation per share.Narrative Update • Feb 17
MFCB: Steady Fair Value Will Reflect Slightly Weaker Revenue And Margin Outlook
Analysts have lifted their price target on Mega First Corporation Berhad by MYR0.00 to reflect updated model inputs, including small shifts in the discount rate, revenue growth assumptions and profit margin expectations, while keeping fair value at MYR3.42 and the forward P/E estimate essentially unchanged. Valuation Changes Fair Value: Unchanged at MYR3.42, indicating no revision to the core valuation output.Narrative Update • Feb 03
MFCB: Steady Fair Value Will Balance Softer Revenue And Margin Expectations
Analysts have kept their fair value estimate for Mega First Corporation Berhad steady at RM3.42, citing only minor tweaks to the discount rate, revenue growth and profit margin assumptions as well as a slightly higher future P/E multiple in their updated model. Valuation Changes Fair Value Estimate remains unchanged at RM3.42 per share.Narrative Update • Jan 20
MFCB: Steady Fair Value Will Temper Softer Revenue Outlook With Firm Margins
Analysts have kept their fair value estimate for Mega First Corporation Berhad steady at RM3.42. They cited only very small adjustments to the discount rate, revenue growth expectations, profit margin and future P/E assumptions.Narrative Update • Jan 06
MFCB: Stable Fair Value Will Balance Dividend Appeal And Softer Earnings Outlook
Analysts have maintained their fair value estimate for Mega First Corporation Berhad at RM3.42. They cite only very small adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E, which they consider too minor to warrant a change in the target price.Narrative Update • Dec 16
MFCB: Dividend Payout Will Offset Softer Earnings Outlook Ahead
Analysts have trimmed their price target on Mega First Corporation Berhad from RM3.68 to RM3.42, citing slightly higher perceived risk, softer revenue growth expectations, and modestly lower profit margin forecasts, partially offset by a higher anticipated future P/E multiple. What's in the News Board declares an interim single tier dividend of 4.75 sen per ordinary share for the financial year ending 31 December 2025, which signals confidence in cash flow and earnings sustainability (Key Developments).Analysis Article • Nov 18
Mega First Corporation Berhad (KLSE:MFCB) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Aug 23
Don Sahong Extension And Renewable Projects Will Strengthen Long-Term Operations
The consensus price target for Mega First Corporation Berhad has been revised downward to MYR4.81, reflecting slight declines in both net profit margin and future P/E ratio. What's in the News Mega First Corporation Berhad initiates a share buyback program authorized to repurchase up to 10% of issued share capital.Analysis Article • Apr 08
Insufficient Growth At Mega First Corporation Berhad (KLSE:MFCB) Hampers Share Price
When close to half the companies in Malaysia have price-to-earnings ratios (or "P/E's") above 14x, you may consider...
New Narrative • Jan 30
Edenor Plant Repair And Increased Ownership To Strengthen Future Prospects
Increased ownership stake in DSPC and improvements in the Edenor plant are expected to enhance earnings and net margins.Analysis Article • Jan 28
Returns Are Gaining Momentum At Mega First Corporation Berhad (KLSE:MFCB)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Oct 23
Mega First Corporation Berhad (KLSE:MFCB) Is Experiencing Growth In Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Analysis Article • Aug 05
Mega First Corporation Berhad (KLSE:MFCB) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 04
Mega First Corporation Berhad's (KLSE:MFCB) Business And Shares Still Trailing The Market
Mega First Corporation Berhad's ( KLSE:MFCB ) price-to-earnings (or "P/E") ratio of 11.5x might make it look like a buy...Analysis Article • Apr 18
Mega First Corporation Berhad (KLSE:MFCB) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Mega First Corporation Berhad makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,385 | 387 | 86 | 0 |
| 31 Dec 25 | 1,420 | 387 | 86 | 0 |
| 30 Sep 25 | 1,788 | 410 | 100 | 0 |
| 30 Jun 25 | 1,776 | 406 | 98 | 0 |
| 31 Mar 25 | 1,768 | 427 | 96 | 0 |
| 31 Dec 24 | 1,742 | 459 | 91 | 0 |
| 30 Sep 24 | 1,342 | 439 | 108 | 0 |
| 30 Jun 24 | 1,290 | 425 | 98 | 0 |
| 31 Mar 24 | 1,284 | 409 | 95 | 0 |
| 31 Dec 23 | 1,318 | 384 | 94 | 0 |
| 30 Sep 23 | 1,357 | 357 | 92 | 0 |
| 30 Jun 23 | 1,408 | 374 | 93 | 0 |
| 31 Mar 23 | 1,415 | 386 | 91 | 0 |
| 31 Dec 22 | 1,340 | 397 | 89 | 0 |
| 30 Sep 22 | 1,256 | 514 | 54 | 0 |
| 30 Jun 22 | 1,117 | 484 | 53 | 0 |
| 31 Mar 22 | 993 | 470 | 50 | 0 |
| 31 Dec 21 | 915 | 462 | 47 | 0 |
| 30 Sep 21 | 848 | 343 | 42 | 0 |
| 30 Jun 21 | 827 | 342 | 38 | 0 |
| 31 Mar 21 | 800 | 337 | 33 | 0 |
| 31 Dec 20 | 767 | 321 | 30 | 0 |
| 30 Sep 20 | 749 | 312 | 29 | 0 |
| 30 Jun 20 | 663 | 238 | 28 | 0 |
| 31 Mar 20 | 641 | 179 | 27 | 0 |
| 31 Dec 19 | 702 | 155 | 26 | 0 |
| 30 Sep 19 | 727 | 103 | 27 | 0 |
| 30 Jun 19 | 821 | 128 | 28 | 0 |
| 31 Mar 19 | 881 | 145 | 26 | 0 |
| 31 Dec 18 | 874 | 143 | 25 | 0 |
| 30 Sep 18 | 876 | 148 | 23 | 0 |
| 30 Jun 18 | 866 | 145 | 23 | 0 |
| 31 Mar 18 | 864 | 129 | 34 | 0 |
| 31 Dec 17 | 833 | 123 | 39 | 0 |
| 30 Sep 17 | 581 | 80 | 34 | 0 |
| 30 Jun 17 | 587 | 79 | 37 | 0 |
| 31 Mar 17 | 567 | 82 | 31 | 0 |
| 31 Dec 16 | 601 | 79 | 30 | 0 |
| 30 Sep 16 | 790 | 98 | 42 | 0 |
| 30 Jun 16 | 720 | 88 | 42 | 0 |
| 31 Mar 16 | 671 | 79 | 41 | 0 |
| 31 Dec 15 | 589 | 74 | 41 | 0 |
| 30 Sep 15 | 590 | 77 | 38 | 0 |
| 30 Jun 15 | 608 | 73 | 37 | 0 |
Quality Earnings: MFCB has high quality earnings.
Growing Profit Margin: MFCB's current net profit margins (27.9%) are higher than last year (24.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MFCB's earnings have grown by 0.6% per year over the past 5 years.
Accelerating Growth: MFCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MFCB had negative earnings growth (-9.4%) over the past year, making it difficult to compare to the Renewable Energy industry average (4.5%).
Return on Equity
High ROE: MFCB's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 01:09 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| 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.
Analysis Model and Snowflake
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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
Mega First Corporation Berhad is covered by 5 analysts. 4 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 |
|---|---|
| Huey Gan | AmInvestment Bank Berhad |
| null null | JF Apex Securities Berhad |
| Max Koh | Macquarie Research |