ZEN Corporation Group Future Growth

Future criteria checks 3/6

ZEN Group is forecast to grow earnings and revenue by 27.9% and 6.1% per annum respectively. EPS is expected to grow by 28% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

27.9%

Earnings growth rate

28.0%

EPS growth rate

Hospitality earnings growth	22.8%
Revenue growth rate	6.1%
Future return on equity	8.6%
Analyst coverage	Low
Last updated	21 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:ZEN-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	4,675	137	236	615	2
12/31/2025	4,372	109	96	568	2
12/31/2024	4,090	78	165	562	2
9/30/2024	4,117	77	293	507	N/A
6/30/2024	4,102	94	257	542	N/A
3/31/2024	4,051	139	231	539	N/A
12/31/2023	3,945	158	182	477	N/A
9/30/2023	3,829	175	211	476	N/A
6/30/2023	3,736	185	181	428	N/A
3/31/2023	3,634	184	289	536	N/A
12/31/2022	3,413	154	293	523	N/A
9/30/2022	3,248	109	409	585	N/A
6/30/2022	2,696	-4	259	365	N/A
3/31/2022	2,342	-116	74	131	N/A
12/31/2021	2,255	-92	184	240	N/A
9/30/2021	2,147	-85	49	104	N/A
6/30/2021	2,467	22	336	369	N/A
3/31/2021	2,295	9	432	486	N/A
12/31/2020	2,333	-64	248	316	N/A
9/30/2020	2,517	-61	173	308	N/A
6/30/2020	2,631	-84	-102	163	N/A
3/31/2020	3,057	30	-101	227	N/A
12/31/2019	3,144	106	-11	302	N/A
9/30/2019	3,010	119	-7	290	N/A
6/30/2019	2,974	134	119	308	N/A
3/31/2019	2,962	148	139	252	N/A
12/31/2018	2,947	140	143	265	N/A
9/30/2018	2,913	141	242	358	N/A
6/30/2018	2,797	126	N/A	315	N/A
3/31/2018	2,636	92	N/A	346	N/A
12/31/2017	2,513	82	N/A	398	N/A
12/31/2016	2,197	92	N/A	252	N/A
12/31/2015	1,962	110	N/A	96	N/A
12/31/2014	1,733	187	N/A	344	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZEN-R's forecast earnings growth (27.9% per year) is above the savings rate (2%).

Earnings vs Market: ZEN-R's earnings (27.9% per year) are forecast to grow faster than the TH market (16.9% per year).

High Growth Earnings: ZEN-R's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ZEN-R's revenue (6.1% per year) is forecast to grow slower than the TH market (6.5% per year).

High Growth Revenue: ZEN-R's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ZEN-R's Return on Equity is forecast to be low in 3 years time (8.6%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 02:50
End of Day Share Price	2024/12/19 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

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Analyst Sources

ZEN Corporation Group 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
Sureeporn Teewasuwet	FSS International Advisory
Sirilak Konwai	Krungsri Securities Public Company Limited
Anuwat Srikajornratkul	Krungsri Securities Public Company Limited