MK Restaurant Group Future Growth

Future criteria checks 1/6

MK Restaurant Group is forecast to grow earnings and revenue by 4% and 4.9% per annum respectively. EPS is expected to grow by 4% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

4.0%

Earnings growth rate

4.0%

EPS growth rate

Hospitality earnings growth	22.6%
Revenue growth rate	4.9%
Future return on equity	11.3%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:M - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,034	1,715	2,166	3,628	3
12/31/2025	17,321	1,690	2,303	3,459	6
12/31/2024	16,683	1,540	1,137	3,256	3
9/30/2024	16,124	1,597	867	3,228	N/A
6/30/2024	16,520	1,645	2,734	3,433	N/A
3/31/2024	16,860	1,703	2,819	3,542	N/A
12/31/2023	16,974	1,682	3,235	3,866	N/A
9/30/2023	17,061	1,494	3,293	3,873	N/A
6/30/2023	16,989	1,513	3,376	3,909	N/A
3/31/2023	16,529	1,493	3,381	3,915	N/A
12/31/2022	15,938	1,439	3,235	3,843	N/A
9/30/2022	15,344	1,517	3,298	3,817	N/A
6/30/2022	13,253	852	2,585	3,077	N/A
3/31/2022	11,765	313	1,663	2,063	N/A
12/31/2021	11,368	131	1,420	1,700	N/A
9/30/2021	11,429	81	1,194	1,436	N/A
6/30/2021	13,274	804	2,250	2,435	N/A
3/31/2021	12,900	656	2,175	2,415	N/A
12/31/2020	13,622	907	1,776	2,092	N/A
9/30/2020	14,505	1,214	2,029	2,486	N/A
6/30/2020	14,843	1,298	1,471	2,058	N/A
3/31/2020	17,195	2,234	2,332	2,931	N/A
12/31/2019	17,739	2,604	2,749	3,434	N/A
9/30/2019	17,522	2,554	2,719	3,357	N/A
6/30/2019	17,593	2,680	2,798	3,402	N/A
3/31/2019	17,395	2,651	2,858	3,508	N/A
12/31/2018	17,113	2,574	3,165	3,727	N/A
9/30/2018	16,966	2,513	2,742	3,384	N/A
6/30/2018	16,793	2,488	N/A	3,801	N/A
3/31/2018	16,627	2,504	N/A	3,790	N/A
12/31/2017	16,345	2,425	N/A	3,575	N/A
9/30/2017	15,972	2,418	N/A	3,707	N/A
6/30/2017	15,664	2,276	N/A	3,313	N/A
3/31/2017	15,588	2,214	N/A	2,926	N/A
12/31/2016	15,389	2,100	N/A	3,090	N/A
9/30/2016	15,218	2,056	N/A	2,910	N/A
6/30/2016	14,957	1,912	N/A	2,669	N/A
3/31/2016	14,656	1,814	N/A	2,695	N/A
12/31/2015	14,641	1,856	N/A	2,702	N/A
9/30/2015	14,771	2,011	N/A	2,913	N/A
6/30/2015	14,992	2,168	N/A	3,110	N/A
3/31/2015	14,871	2,054	N/A	3,218	N/A
12/31/2014	14,618	2,042	N/A	3,016	N/A
9/30/2014	14,288	1,936	N/A	2,815	N/A
6/30/2014	14,088	1,943	N/A	2,692	N/A
3/31/2014	14,040	2,021	N/A	2,486	N/A
12/31/2013	14,067	2,039	N/A	2,247	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: M's forecast earnings growth (4% per year) is above the savings rate (2%).

Earnings vs Market: M's earnings (4% per year) are forecast to grow slower than the TH market (17.8% per year).

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

Revenue vs Market: M's revenue (4.9% per year) is forecast to grow slower than the TH market (6.9% per year).

High Growth Revenue: M's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: M's Return on Equity is forecast to be low in 3 years time (11.3%).

MK Restaurant Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 9.6% to ฿40.16

Price target decreased by 7.7% to ฿42.57

Price target decreased by 9.0% to ฿49.01

Consensus forecasts updated

Price target increased to ฿59.50

Price target decreased to ฿58.42

Recent updates

Upcoming dividend of ฿0.50 per share

First half dividend of ฿0.50 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 9.6% to ฿40.16

Price target decreased by 7.7% to ฿42.57

MK Restaurant Group Public Company Limited (SET:M) announces an Equity Buyback for 20,000,000 shares, representing 2.17% for THB 800 million.

MK Restaurant Group Public Company Limited (SET:M) announces an Equity Buyback for 20,000,000 shares, representing 2.17% for THB 800 million.

First quarter 2024 earnings released: EPS: ฿0.38 (vs ฿0.35 in 1Q 2023)

Upcoming dividend of ฿1.00 per share

MK Restaurant Group Public Company Limited Approves Dividend Payment, Will Be Paid on May 24, 2024

Price target decreased by 9.0% to ฿49.01

Final dividend increased to ฿1.00

Full year 2023 earnings: EPS exceeds analyst expectations

MK Restaurant Group Public Company Limited, Annual General Meeting, Apr 26, 2024

MK Restaurant Group Public Company Limited Proposes Final Dividend for the Year 2023, Payable on May 24, 2024

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: ฿0.42 (vs ฿0.44 in 3Q 2022)

Now 20% undervalued after recent price drop

Upcoming dividend of ฿0.60 per share at 3.8% yield

MK Restaurant Group Public Company Limited Announces Cash Dividend for the Operating Period from 1 January 2023 to 30 June 2023, Payable on 8 September 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

First quarter 2023 earnings released: EPS: ฿0.35 (vs ฿0.29 in 1Q 2022)

Upcoming dividend of ฿0.90 per share at 3.7% yield

Insufficient new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ฿0.50 per share

Second quarter 2022 earnings: EPS exceeds analyst expectations

MK Restaurant Group Public Company Limited Announces Interim Cash Dividend Payment for the Operating Period from 1 January 2022 to 30 June 2022, Payable on 8 September 2022

First quarter 2022 earnings: EPS misses analyst expectations

Upcoming dividend of ฿0.80 per share

Insufficient new directors

Full year 2021 earnings: EPS misses analyst expectations

MK Restaurant Group Public Company Limited, Annual General Meeting, Apr 27, 2022

MK Restaurant Group Public Company Limited Recommends Dividend for the Year 2021

Consensus forecasts updated

Price target increased to ฿59.50

Third quarter 2021 earnings released: ฿0.27 loss per share (vs ฿0.50 profit in 3Q 2020)

Second quarter 2021 earnings released: ฿0.035 loss per share (vs ฿0.27 loss in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.37 in 1Q 2020)

Price target decreased to ฿58.42

MK Restaurant Group Public Company Limited Approves Interim Dividend for the Year 2020, Payable on May 25, 2021

Upcoming dividend of ฿1.00 per share

Consensus EPS estimates fall to ฿1.75

MK Restaurant Group Public Company Limited Announces Interim Dividend for the Operating Period from 1 July 2020 to 31 December 2020, Payable on 25 May 2021

New 90-day high: ฿58.00

Full year 2020 earnings released: EPS ฿0.99 (vs ฿2.83 in FY 2019)

Revenue behind estimates

MK Restaurant Group Public Company Limited, Annual General Meeting, Apr 27, 2021

Analysts increase EPS estimates to ฿1.08

New 90-day high: ฿54.00

Price target raised to ฿62.00

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.50

New 90-day low: ฿44.00

MK Restaurant Group Public Company Limited Announces the Demise of Attapon Chodchoy, Independent Director, Member of Audit Committee, and Member of Corporate Governance, Nominating and Compensation Committee

New 90-day low: ฿48.25

Price target lowered to ฿57.92

Analysts lower EPS estimates to ฿0.90

Upcoming Dividend of ฿0.50 Per Share

Price target raised to ฿64.35

First half earnings released

New 90-day low - ฿50.50

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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