Thai Credit Bank Future Growth

Future criteria checks 3/6

Thai Credit Bank is forecast to grow earnings and revenue by 9.4% and 22.9% per annum respectively. EPS is expected to grow by 9.4% per annum. Return on equity is forecast to be 14.3% in 3 years.

Key information

9.4%

Earnings growth rate

9.4%

EPS growth rate

Banks earnings growth	4.7%
Revenue growth rate	22.9%
Future return on equity	14.3%
Analyst coverage	Low
Last updated	11 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:CREDIT-R - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,172	3,848	N/A	N/A	2
12/31/2025	16,528	3,473	N/A	N/A	2
12/31/2024	14,911	3,078	N/A	N/A	1
9/30/2024	9,583	3,172	-15,093	-14,875	N/A
6/30/2024	9,174	2,996	-14,046	-13,693	N/A
3/31/2024	9,038	3,080	-12,855	-12,443	N/A
12/31/2023	9,399	3,557	-8,146	-7,731	N/A
9/30/2023	8,819	3,204	-12,357	-11,990	N/A
12/31/2022	7,396	2,353	-29,257	-29,094	N/A
12/31/2021	6,132	1,935	-22,893	-22,771	N/A
12/31/2020	4,852	1,373	-15,174	-15,085	N/A
12/31/2019	3,883	710	-4,971	-4,804	N/A
12/31/2018	3,380	771	-4,146	-3,988	N/A
12/31/2017	2,661	531	N/A	-7,163	N/A
12/31/2016	1,937	326	N/A	-6,616	N/A
12/31/2015	1,450	111	N/A	-4,367	N/A
12/31/2014	1,236	47	N/A	-3,276	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CREDIT-R's forecast earnings growth (9.4% per year) is above the savings rate (2%).

Earnings vs Market: CREDIT-R's earnings (9.4% per year) are forecast to grow slower than the TH market (16.8% per year).

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

Revenue vs Market: CREDIT-R's revenue (22.9% per year) is forecast to grow faster than the TH market (6.6% per year).

High Growth Revenue: CREDIT-R's revenue (22.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CREDIT-R's Return on Equity is forecast to be low in 3 years time (14.3%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 02:37
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Thai Credit Bank Public Company Limited is covered by 3 analysts. 2 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
Weerapat Wonk-Urai	CGS International
Nathapol Pongsukcharoenkul	CGS International
Jesada Techahusdin	Maybank Research Pte. Ltd.