DBS Group Holdings Future Growth

Future criteria checks 0/6

DBS Group Holdings is forecast to grow earnings and revenue by 1.4% and 3.4% per annum respectively. EPS is expected to grow by 1% per annum. Return on equity is forecast to be 15.7% in 3 years.

Key information

1.4%

Earnings growth rate

1.0%

EPS growth rate

Banks earnings growth	4.7%
Revenue growth rate	3.4%
Future return on equity	15.7%
Analyst coverage	Good
Last updated	01 Sep 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

SET:DBS19 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	22,608	10,852	N/A	N/A	15
12/31/2025	21,955	10,636	N/A	N/A	16
12/31/2024	21,526	10,771	N/A	N/A	16
6/30/2024	20,562	10,518	3,017	3,728	N/A
3/31/2024	20,201	10,363	N/A	N/A	N/A
12/31/2023	19,554	9,978	4,454	5,172	N/A
9/30/2023	19,357	10,149	N/A	N/A	N/A
6/30/2023	18,693	9,692	-5,049	-4,349	N/A
3/31/2023	17,414	8,878	N/A	N/A	N/A
12/31/2022	16,265	8,108	-28,910	-28,241	N/A
9/30/2022	15,168	7,136	N/A	N/A	N/A
6/30/2022	14,102	6,600	-33,249	-32,663	N/A
3/31/2022	14,197	6,488	N/A	N/A	N/A
12/31/2021	14,136	6,696	-25,998	-25,431	N/A
9/30/2021	13,671	6,309	N/A	N/A	N/A
6/30/2021	13,063	5,906	-12,860	-12,309	N/A
3/31/2021	12,430	5,450	N/A	N/A	N/A
12/31/2020	11,526	4,606	-32,830	-32,283	N/A
9/30/2020	12,179	5,125	N/A	N/A	N/A
6/30/2020	12,725	5,457	-36,928	-36,361	N/A
3/31/2020	13,306	5,813	N/A	N/A	N/A
12/31/2019	13,841	6,299	-308	278	N/A
9/30/2019	13,542	6,116	-7,831	-7,255	N/A
6/30/2019	13,112	5,900	-1,821	-1,259	N/A
3/31/2019	12,752	5,631	-19,470	-18,906	N/A
12/31/2018	12,473	5,491	-21,414	-20,881	N/A
9/30/2018	12,263	5,377	-28,355	-27,920	N/A
6/30/2018	11,368	4,766	-39,469	-39,059	N/A
3/31/2018	10,890	4,562	N/A	-34,164	N/A
12/31/2017	10,380	4,296	N/A	-21,243	N/A
9/30/2017	9,902	4,040	N/A	-28,537	N/A
6/30/2017	10,151	4,309	N/A	-17,018	N/A
3/31/2017	10,084	4,230	N/A	-10,257	N/A
12/31/2016	10,055	4,188	N/A	-16,222	N/A
9/30/2016	10,094	4,290	N/A	7,689	N/A
6/30/2016	10,132	4,285	N/A	-3,383	N/A
3/31/2016	10,142	4,351	N/A	8,335	N/A
12/31/2015	10,180	4,417	N/A	4,574	N/A
9/30/2015	9,918	4,243	N/A	-12,602	N/A
6/30/2015	9,724	4,185	N/A	-118	N/A
3/31/2015	9,346	4,037	N/A	-20,339	N/A
12/31/2014	9,174	3,999	N/A	-20,832	N/A
9/30/2014	9,265	4,169	N/A	-19,107	N/A
6/30/2014	8,927	4,023	N/A	-26,535	N/A
3/31/2014	8,806	3,941	N/A	-31,592	N/A
12/31/2013	8,377	3,660	N/A	-37,608	N/A
9/30/2013	8,452	3,909	N/A	-30,261	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBS19's forecast earnings growth (1.4% per year) is below the savings rate (2%).

Earnings vs Market: DBS19's earnings (1.4% per year) are forecast to grow slower than the TH market (15.1% per year).

High Growth Earnings: DBS19's earnings are forecast to grow, but not significantly.

Revenue vs Market: DBS19's revenue (3.4% per year) is forecast to grow slower than the TH market (6.5% per year).

High Growth Revenue: DBS19's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DBS19's Return on Equity is forecast to be low in 3 years time (15.7%).