Thanachart Capital Future Growth

Future criteria checks 2/6

Thanachart Capital is forecast to grow earnings and revenue by 6.8% and 15.4% per annum respectively. EPS is expected to grow by 6.8% per annum. Return on equity is forecast to be 10.1% in 3 years.

Key information

6.8%

Earnings growth rate

6.8%

EPS growth rate

Banks earnings growth	4.7%
Revenue growth rate	15.4%
Future return on equity	10.1%
Analyst coverage	Low
Last updated	06 Aug 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

THAMSE:TCAP-F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,903	8,119	N/A	N/A	2
12/31/2025	14,784	7,748	N/A	N/A	4
12/31/2024	15,824	7,085	N/A	N/A	3
6/30/2024	11,468	6,935	1,011	1,099	N/A
3/31/2024	11,401	6,786	-5,698	-5,605	N/A
12/31/2023	11,312	6,603	-975	-884	N/A
9/30/2023	11,136	6,254	2,836	2,916	N/A
6/30/2023	10,789	5,768	4,265	4,346	N/A
3/31/2023	10,925	5,762	7,569	7,704	N/A
12/31/2022	10,475	5,220	1,807	1,944	N/A
9/30/2022	11,293	5,903	-3,215	-3,060	N/A
6/30/2022	11,255	5,910	-4,530	-4,354	N/A
3/31/2022	10,574	5,246	-3,338	-3,149	N/A
12/31/2021	10,701	5,287	313	532	N/A
9/30/2021	9,459	4,204	19,520	19,741	N/A
6/30/2021	8,727	3,509	26,756	26,957	N/A
3/31/2021	8,636	3,432	9,707	9,838	N/A
12/31/2020	12,304	6,669	13,197	13,292	N/A
9/30/2020	11,626	5,897	56,583	56,413	N/A
6/30/2020	12,285	6,125	3,967	3,916	N/A
3/31/2020	11,512	5,416	31,683	31,713	N/A
12/31/2019	7,800	1,730	11,133	11,238	N/A
9/30/2019	-14,218	-2,235	-99,216	-98,640	N/A
6/30/2019	-7,534	-1,232	-10,237	-9,734	N/A
3/31/2019	740	499	-50,951	-50,443	N/A
12/31/2018	7,803	1,768	-40,948	-40,469	N/A
9/30/2018	37,538	7,755	8,193	8,677	N/A
6/30/2018	37,568	7,674	-83,496	-82,857	N/A
3/31/2018	36,785	7,298	N/A	-63,623	N/A
12/31/2017	36,336	7,001	N/A	-38,282	N/A
9/30/2017	36,899	6,759	N/A	-20,249	N/A
6/30/2017	36,135	6,473	N/A	-143	N/A
3/31/2017	35,559	6,265	N/A	55,339	N/A
12/31/2016	34,489	6,013	N/A	17,910	N/A
9/30/2016	33,134	5,678	N/A	17,777	N/A
6/30/2016	32,893	5,529	N/A	73,795	N/A
3/31/2016	30,821	5,456	N/A	33,202	N/A
12/31/2015	31,295	5,437	N/A	67,647	N/A
9/30/2015	31,764	5,437	N/A	83,786	N/A
6/30/2015	31,676	5,286	N/A	62,579	N/A
3/31/2015	33,178	5,128	N/A	24,215	N/A
12/31/2014	32,824	5,120	N/A	42,501	N/A
9/30/2014	32,892	5,299	N/A	-5,872	N/A
6/30/2014	33,453	5,758	N/A	3,678	N/A
3/31/2014	40,920	8,580	N/A	1,395	N/A
12/31/2013	41,562	9,051	N/A	-28,998	N/A
9/30/2013	41,350	8,619	N/A	-43,579	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCAP-F's forecast earnings growth (6.8% per year) is above the savings rate (2%).

Earnings vs Market: TCAP-F's earnings (6.8% per year) are forecast to grow slower than the TH market (14.5% per year).

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

Revenue vs Market: TCAP-F's revenue (15.4% per year) is forecast to grow faster than the TH market (6.4% per year).

High Growth Revenue: TCAP-F's revenue (15.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TCAP-F's Return on Equity is forecast to be low in 3 years time (10.1%).