Habib Bank Future Growth

Future criteria checks 2/6

Habib Bank is forecast to grow earnings and revenue by 4.4% and 14.5% per annum respectively. EPS is expected to grow by 4.2% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

4.4%

Earnings growth rate

4.2%

EPS growth rate

Banks earnings growth	7.3%
Revenue growth rate	14.5%
Future return on equity	14.2%
Analyst coverage	Low
Last updated	16 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

KASE:HBL - Analysts future estimates and past financials data (PKR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	437,095	64,075	N/A	N/A	1
12/31/2025	399,232	62,774	N/A	N/A	1
12/31/2024	351,677	57,483	N/A	N/A	1
9/30/2024	304,660	58,891	-277,587	-247,355	N/A
6/30/2024	305,276	61,077	-206,805	-181,249	N/A
3/31/2024	302,131	59,692	-331,121	-308,612	N/A
12/31/2023	286,318	57,676	16,122	38,721	N/A
9/30/2023	264,379	53,500	169,880	192,703	N/A
6/30/2023	241,081	48,378	239,520	263,014	N/A
3/31/2023	219,670	38,792	-172,147	-145,247	N/A
12/31/2022	203,813	34,070	-65,353	-38,245	N/A
9/30/2022	190,207	31,714	5,280	28,982	N/A
6/30/2022	175,563	29,251	-298,393	-277,051	N/A
3/31/2022	166,144	35,165	1,090	18,104	N/A
12/31/2021	159,532	35,022	-515,738	-499,165	N/A
9/30/2021	151,466	32,408	-319,349	-305,856	N/A
6/30/2021	152,909	33,405	-70,239	-57,038	N/A
3/31/2021	157,804	35,132	80,185	91,138	N/A
12/31/2020	148,568	30,892	331,349	340,096	N/A
9/30/2020	148,417	31,888	175,732	184,412	N/A
6/30/2020	141,237	26,770	-149,332	-141,812	N/A
3/31/2020	121,434	16,375	22,624	30,176	N/A
12/31/2019	121,936	15,333	-513,018	-505,565	N/A
9/30/2019	109,818	11,061	-289,171	-279,473	N/A
6/30/2019	100,759	7,818	-7,076	3,739	N/A
3/31/2019	101,360	10,527	-297,822	-285,940	N/A
12/31/2018	96,563	12,056	-20,992	-8,726	N/A
9/30/2018	103,127	16,856	-65,455	-54,178	N/A
6/30/2018	109,799	944	N/A	-196,135	N/A
3/31/2018	112,697	4,046	N/A	-255,245	N/A
12/31/2017	115,575	8,495	N/A	-36,548	N/A
9/30/2017	116,519	9,719	N/A	-286,666	N/A
6/30/2017	114,988	33,641	N/A	-129,430	N/A
3/31/2017	114,098	34,080	N/A	-227,119	N/A
12/31/2016	112,669	34,070	N/A	-68,039	N/A
9/30/2016	110,007	35,017	N/A	95,942	N/A
6/30/2016	109,918	35,309	N/A	59,740	N/A
3/31/2016	110,266	34,199	N/A	215,433	N/A
12/31/2015	110,242	35,109	N/A	268,309	N/A
9/30/2015	109,189	35,544	N/A	254,349	N/A
6/30/2015	102,255	32,855	N/A	229,677	N/A
3/31/2015	97,416	35,502	N/A	-24,388	N/A
12/31/2014	90,747	31,618	N/A	-30,108	N/A
9/30/2014	85,844	28,077	N/A	-143,252	N/A
6/30/2014	83,020	26,973	N/A	-276,107	N/A
3/31/2014	76,802	23,889	N/A	-47,216	N/A
12/31/2013	72,920	22,863	N/A	-156,260	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBL's forecast earnings growth (4.4% per year) is below the savings rate (12.2%).

Earnings vs Market: HBL's earnings (4.4% per year) are forecast to grow faster than the PK market (4% per year).

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

Revenue vs Market: HBL's revenue (14.5% per year) is forecast to grow faster than the PK market (4.2% per year).

High Growth Revenue: HBL's revenue (14.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HBL's Return on Equity is forecast to be low in 3 years time (14.2%).

Habib Bank Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.0% to PK₨157

Price target increased by 10% to PK₨141

Consensus EPS estimates fall by 12%

Price target increased by 12% to PK₨120

Price target increased by 7.4% to PK₨122

Consensus EPS estimates increase by 16%

Recent updates

Price target increased by 7.0% to PK₨157

Third quarter 2024 earnings released: EPS: PK₨9.85 (vs PK₨11.34 in 3Q 2023)

Second quarter dividend of PK₨4.00 announced

Price target increased by 10% to PK₨141

Full year 2023 earnings released: EPS: PK₨39.32 (vs PK₨23.23 in FY 2022)

Upcoming dividend of PK₨4.00 per share

Consensus EPS estimates fall by 12%

New major risk - Revenue and earnings growth

Third quarter dividend of PK₨4.00 announced

Price target increased by 12% to PK₨120

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: PK₨11.34 (vs PK₨7.85 in 3Q 2022)

Price target increased by 7.4% to PK₨122

Consensus EPS estimates increase by 16%

Investor sentiment improves as stock rises 16%

Upcoming dividend of PK₨1.50 per share at 9.0% yield

Price target decreased by 7.9% to PK₨144

Investor sentiment improves as stock rises 18%

Price target decreased to PK₨145

Less than half of directors are independent

Upcoming dividend of PK₨1.50 per share

Habib Bank Limited Appoints Usman Naveed Chaudhary as Company Secretary

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Less than half of directors are independent

Upcoming dividend of PK₨2.25 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of PK₨1.75 per share

Third quarter 2021 earnings released: EPS PK₨6.17 (vs PK₨6.85 in 3Q 2020)

Upcoming dividend of PK₨1.75 per share

Second quarter 2021 earnings released

Upcoming dividend of PK₨1.75 per share

Bank Alfalah Joins Race to Acquire Silkbank's Consumer Portfolio

Habib Bank Limited Announces Unaudited Consolidated Interim Impairment Charge for the Quarter Ended March 31, 2021

First quarter 2021 earnings released: EPS PK₨5.68 (vs PK₨2.79 in 1Q 2020)

Full year 2020 earnings released: EPS PK₨21.06 (vs PK₨10.45 in FY 2019)

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: EPS PK₨21.06 (vs PK₨10.45 in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day low: PK₨125

Price target raised to PK₨164

New 90-day high: PK₨140

Analysts update estimates

Habib Bank Limited Declares No Dividend for the Quarter Ended September 30, 2020

Third-quarter earnings released: Revenue and earnings beat expectations

Third quarter earnings released

New 90-day high: PK₨139

Price target lowered to PK₨146

New 90-day high - PK₨136

New 90-day high - PK₨135

Analysts update estimates

New 90-day high - PK₨128

New 90-day high - PK₨109

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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