Keppel Future Growth

Future criteria checks 3/6

Keppel is forecast to grow earnings and revenue by 11.4% and 5% per annum respectively. EPS is expected to grow by 13.4% per annum. Return on equity is forecast to be 9.6% in 3 years.

Key information

11.4%

Earnings growth rate

13.4%

EPS growth rate

Industrials earnings growth	14.1%
Revenue growth rate	5.0%
Future return on equity	9.6%
Analyst coverage	Good
Last updated	23 Aug 2024

Recent future growth updates

Revenue Miss: Keppel Ltd. Fell 20% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Aug 04

Recent updates

Here's Why Keppel (SGX:BN4) Is Weighed Down By Its Debt Load

Aug 26

Keppel (SGX:BN4) Has Announced A Dividend Of SGD0.15

Aug 08

Revenue Miss: Keppel Ltd. Fell 20% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Aug 04

Is Keppel Corporation Limited (SGX:BN4) Expensive For A Reason? A Look At Its Intrinsic Value

Apr 16

These 4 Measures Indicate That Keppel (SGX:BN4) Is Using Debt Extensively

Feb 21

Here's Why Keppel (SGX:BN4) Has Caught The Eye Of Investors

Jan 25

What Does Keppel Corporation Limited's (SGX:BN4) Share Price Indicate?

Oct 02

Is Keppel (SGX:BN4) Using Too Much Debt?

Jun 10

What Does Keppel Corporation Limited's (SGX:BN4) Share Price Indicate?

Apr 29

Calculating The Intrinsic Value Of Keppel Corporation Limited (SGX:BN4)

Apr 08

Keppel (SGX:BN4) Has Some Difficulty Using Its Capital Effectively

Mar 17

Is Keppel (SGX:BN4) Using Too Much Debt?

Feb 27

At S$5.31, Is It Time To Put Keppel Corporation Limited (SGX:BN4) On Your Watch List?

Jan 20

Is Keppel (SGX:BN4) Using Debt Sensibly?

Nov 20

Earnings and Revenue Growth Forecasts

SGX:BN4 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	7,403	1,040	759	1,163	8
12/31/2025	7,257	984	625	1,033	11
12/31/2024	6,986	913	647	741	10
6/30/2024	6,474	744	-609	276	N/A
3/31/2024	6,720	815	-736	167	N/A
12/31/2023	6,966	885	-863	58	N/A
9/30/2023	6,973	867	-774	95	N/A
6/30/2023	6,980	854	-773	66	N/A
3/31/2023	6,800	849	-605	163	N/A
12/31/2022	6,620	844	-437	260	N/A
9/30/2022	8,251	964	-556	52	N/A
6/30/2022	7,079	1,338	-758	-139	N/A
3/31/2022	6,845	1,293	-862	-246	N/A
12/31/2021	6,611	1,249	-967	-352	N/A
9/30/2021	7,057	723	-516	-14	N/A
6/30/2021	6,280	377	-218	248	N/A
3/31/2021	6,161	-494	-515	-100	N/A
12/31/2020	6,574	-506	-285	202	N/A
9/30/2020	7,076	-330	-339	162	N/A
6/30/2020	7,447	-186	-807	-360	N/A
3/31/2020	7,906	665	-555	-99	N/A
12/31/2019	7,580	707	-1,342	-825	N/A
9/30/2019	7,059	651	-1,594	-1,115	N/A
6/30/2019	6,287	718	-1,507	-1,077	N/A
3/31/2019	6,026	814	-895	-456	N/A
12/31/2018	5,965	948	-130	125	N/A
9/30/2018	5,833	321	307	556	N/A
6/30/2018	6,154	360	1,140	1,433	N/A
3/31/2018	6,186	281	N/A	1,238	N/A
12/31/2017	5,964	196	N/A	1,203	N/A
9/30/2017	6,359	831	N/A	971	N/A
6/30/2017	6,201	791	N/A	747	N/A
3/31/2017	6,272	826	N/A	585	N/A
12/31/2016	6,767	784	N/A	294	N/A
9/30/2016	7,307	1,046	N/A	87	N/A
6/30/2016	8,288	1,184	N/A	-839	N/A
3/31/2016	9,225	1,375	N/A	-1,405	N/A
12/31/2015	10,296	1,525	N/A	-785	N/A
9/30/2015	11,742	1,846	N/A	-257	N/A
6/30/2015	12,487	1,897	N/A	375	N/A
3/31/2015	13,101	1,906	N/A	625	N/A
12/31/2014	13,283	1,885	N/A	5	N/A
9/30/2014	12,956	1,843	N/A	1,024	N/A
6/30/2014	12,719	1,887	N/A	890	N/A
3/31/2014	12,618	1,827	N/A	718	N/A
12/31/2013	12,380	1,846	N/A	637	N/A
9/30/2013	11,781	1,781	N/A	-595	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BN4's forecast earnings growth (11.4% per year) is above the savings rate (2.2%).

Earnings vs Market: BN4's earnings (11.4% per year) are forecast to grow faster than the SG market (10.2% per year).

High Growth Earnings: BN4's earnings are forecast to grow, but not significantly.

Revenue vs Market: BN4's revenue (5% per year) is forecast to grow faster than the SG market (3.7% per year).

High Growth Revenue: BN4's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BN4's Return on Equity is forecast to be low in 3 years time (9.6%).

Keppel Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Revenue Miss: Keppel Ltd. Fell 20% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Price target decreased by 13% to S$7.59

Consensus revenue estimates fall by 21%

Price target increased to S$7.59

Consensus forecasts updated

Recent updates

Here's Why Keppel (SGX:BN4) Is Weighed Down By Its Debt Load

Keppel (SGX:BN4) Has Announced A Dividend Of SGD0.15

Consensus EPS estimates fall by 13%

Revenue Miss: Keppel Ltd. Fell 20% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Dividend of S$0.15 announced

First half 2024 earnings released: EPS: S$0.17 (vs S$0.25 in 1H 2023)

A Look At The Intrinsic Value Of Keppel Ltd. (SGX:BN4)

Keppel Ltd.'s (SGX:BN4) Share Price Not Quite Adding Up

Keppel Ltd. announces Management Changes

Keppel Ltd. Annnounces Management Changes

Does Keppel (SGX:BN4) Have A Healthy Balance Sheet?

New minor risk - Shareholder dilution

Keppel Ltd. Announces Appointment of Shirish Apte as Non-Executive Lead Independent Director

Upcoming dividend of S$0.19 per share

Keppel's (SGX:BN4) Shareholders Will Receive A Bigger Dividend Than Last Year

Keppel's (SGX:BN4) Shareholders May Want To Dig Deeper Than Statutory Profit

Keppel (SGX:BN4) Is Increasing Its Dividend To SGD0.19

Full year 2023 earnings: EPS misses analyst expectations

Keppel Ltd. to Report First Half, 2024 Results on Aug 01, 2024

Should You Be Adding Keppel (SGX:BN4) To Your Watchlist Today?

A Look At The Intrinsic Value Of Keppel Ltd. (SGX:BN4)

Keppel (SGX:BN4) Is Increasing Its Dividend To SGD0.19

Fourth quarter dividend of S$0.19 announced

Keppel Ltd. Proposes Final Cash Dividend for 2023, Payable on 8 May 2024

Keppel Ltd. to Report Fiscal Year 2023 Results on Feb 01, 2024

Keppel Corporation Limited Announces Board and Committee Changes

Keppel Corporation Limited Announces Change of Chief Financial Officer

Keppel Corporation Limited Announces Change of Chief Financial Officer

Is Keppel (SGX:BN4) Using Too Much Debt?

Keppel Corporation Limited to Report Q3, 2023 Results on Oct 19, 2023

Keppel Corporation Receives Energy Market Authority of Singapore Conditional Approval to Import 300 MW of Solar Power from Indonesia

Investors Met With Slowing Returns on Capital At Keppel (SGX:BN4)

New major risk - Revenue and earnings growth

Upcoming dividend of S$0.15 per share at 4.5% yield

Keppel's (SGX:BN4) Dividend Will Be SGD0.15

New minor risk - Profit margin trend

Keppel Corporation Limited Proposes Interim Dividend for the First Half of 2023

First half 2023 earnings released: EPS: S$0.25 (vs S$0.24 in 1H 2022)

Keppel Corporation Limited Announces Executive Changes, Effective on July 10, 2023

Keppel Corporation Limited to Report First Half, 2023 Results on Jul 27, 2023

Does Keppel (SGX:BN4) Have A Healthy Balance Sheet?

Keppel (SGX:BN4) Will Be Looking To Turn Around Its Returns

Keppel Corporation Limited Announces Appointment of Ang Wan Ching as Independent Director, Effective July 1, 2023

Keppel Corporation Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Year Ended 31 December 2022

Key Executive recently bought S$219k worth of stock

Upcoming dividend of S$0.18 per share at 5.3% yield

Is Keppel Corporation Limited (SGX:BN4) Expensive For A Reason? A Look At Its Intrinsic Value

Insufficient new directors

Price target decreased by 13% to S$7.59

Investor sentiment deteriorates as stock falls 24%

These 4 Measures Indicate That Keppel (SGX:BN4) Is Using Debt Extensively

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 21%

Here's Why Keppel (SGX:BN4) Has Caught The Eye Of Investors

Keppel Corporation Limited to Report Fiscal Year 2022 Results on Feb 02, 2023

Keppel Corporation Limited Announces Change of Joint Company Secretary, with Effect from 2 January 2023

Keppel Corporation Limited (SGX:BN4) acquired 20% stake in Gemdale Shanghai Residential Project for CNY 334 Million.

CKI Reportedly in Hunt for Vector Metering

Keppel Corporation Limited Announces Voluntary Liquidation of Dormant Subsidiary

Keppel Corporation Limited to Report Q3, 2022 Results on Oct 27, 2022

What Does Keppel Corporation Limited's (SGX:BN4) Share Price Indicate?

Keppel Corporation Limited Announces Customer Claim Arising from Rig Contract

Keppel Corporation Limited Approves Interim Cash Dividend , Payable on 19 August 2022

Keppel Corporation Limited Announces Change of Joint Company Secretary

Keppel Corporation Limited Liquidates Dormant Wholly-Owned Subsidiary of Keppel Telecommunications & Transportation Ltd, Keppel IHT Investment Ltd with Effect from June 16, 2022

Is Keppel (SGX:BN4) Using Too Much Debt?

Keppel Corporation Limited to Report First Half, 2022 Results on Jul 29, 2022

Key Executive recently bought S$171k worth of stock

Price target increased to S$7.59