Bank of Ayudhya Future Growth

Future criteria checks 2/6

Bank of Ayudhya is forecast to grow earnings and revenue by 5.3% and 13.1% per annum respectively while EPS is expected to grow by 4.1% per annum.

Key information

5.3%

Earnings growth rate

4.1%

EPS growth rate

Banks earnings growth	4.7%
Revenue growth rate	13.1%
Future return on equity	n/a
Analyst coverage	Low
Last updated	16 Mar 2023

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

THAMSE:BAY-F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	132,375	36,000	N/A	N/A	1
12/31/2024	126,180	33,611	N/A	N/A	4
12/31/2023	122,808	31,554	N/A	N/A	2
12/31/2022	89,441	30,713	-34,171	-30,240	N/A
9/30/2022	87,326	29,707	89,250	93,189	N/A
6/30/2022	83,606	27,999	101,208	104,587	N/A
3/31/2022	92,212	34,708	77,237	80,539	N/A
12/31/2021	91,093	33,794	105,431	108,439	N/A
9/30/2021	87,633	30,794	-32,476	-27,376	N/A
6/30/2021	86,980	30,547	-150,271	-145,160	N/A
3/31/2021	76,119	22,512	-154,401	-149,626	N/A
12/31/2020	77,253	23,040	-186,602	-182,102	N/A
9/30/2020	80,678	26,092	-157,815	-156,010	N/A
6/30/2020	82,962	26,542	-192,471	-190,572	N/A
3/31/2020	84,394	27,044	-212,607	-210,813	N/A
12/31/2019	93,400	32,749	-185,230	-183,736	N/A
9/30/2019	94,679	32,421	-117,868	-115,649	N/A
6/30/2019	94,395	32,072	-106,175	-103,868	N/A
3/31/2019	93,586	31,335	-24,809	-22,493	N/A
12/31/2018	83,399	24,813	-74,996	-72,317	N/A
9/30/2018	81,987	24,382	-181,443	-178,227	N/A
6/30/2018	80,376	24,181	-208,952	-205,465	N/A
3/31/2018	78,804	23,779	-298,447	-294,462	N/A
12/31/2017	77,497	23,209	-236,896	-232,970	N/A
9/30/2017	75,356	22,686	-142,613	-138,666	N/A
6/30/2017	74,257	22,501	-109,376	-105,690	N/A
3/31/2017	72,404	21,899	-84,444	-80,976	N/A
12/31/2016	70,170	21,404	-61,710	-57,961	N/A
9/30/2016	68,742	21,355	N/A	-80,950	N/A
6/30/2016	66,395	20,378	N/A	-79,811	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAY-F's forecast earnings growth (5.3% per year) is above the savings rate (2%).

Earnings vs Market: BAY-F's earnings (5.3% per year) are forecast to grow slower than the TH market (18.8% per year).

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

Revenue vs Market: BAY-F's revenue (13.1% per year) is forecast to grow faster than the TH market (5.3% per year).

High Growth Revenue: BAY-F's revenue (13.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if BAY-F's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/04/10 01:30
End of Day Share Price	2023/01/11 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

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

Bank of Ayudhya Public Company Limited is covered by 30 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
Usanee Liurut	Asia Plus Securities Company Limited
Wannapa Asavatevavith	BNP Paribas Securities (Asia)
Therapong Vachirapong	BofA Global Research