JMT Network Services Future Growth

Future criteria checks 1/6

JMT Network Services is forecast to grow earnings and revenue by 11.6% and 4.3% per annum respectively. EPS is expected to grow by 11.5% per annum. Return on equity is forecast to be 7.7% in 3 years.

Key information

11.6%

Earnings growth rate

11.5%

EPS growth rate

Consumer Finance earnings growth	12.9%
Revenue growth rate	4.3%
Future return on equity	7.7%
Analyst coverage	Good
Last updated	12 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:JMT - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,829	2,235	1,545	1,745	6
12/31/2025	5,352	1,955	1,085	1,285	6
12/31/2024	5,177	1,692	899	1,099	3
9/30/2024	5,327	1,755	1,132	1,396	N/A
6/30/2024	5,350	1,792	1,710	1,972	N/A
3/31/2024	5,293	1,976	-2,888	-2,677	N/A
12/31/2023	5,087	2,011	-2,348	-2,182	N/A
9/30/2023	4,850	1,960	-3,230	-3,104	N/A
6/30/2023	4,643	1,949	-3,833	-3,758	N/A
3/31/2023	4,481	1,832	4,036	4,115	N/A
12/31/2022	4,410	1,746	2,126	2,207	N/A
9/30/2022	4,318	1,733	-3,003	-2,860	N/A
6/30/2022	4,166	1,629	-5,864	-5,702	N/A
3/31/2022	3,895	1,485	-10,847	-10,695	N/A
12/31/2021	3,625	1,400	-11,213	-11,062	N/A
9/30/2021	3,455	1,253	-5,509	-5,400	N/A
6/30/2021	3,289	1,185	-4,654	-4,519	N/A
3/31/2021	3,235	1,123	-2,901	-2,735	N/A
12/31/2020	3,191	1,047	-2,016	-1,861	N/A
9/30/2020	2,999	916	-911	-781	N/A
6/30/2020	2,907	822	-1,073	-994	N/A
3/31/2020	2,737	744	-1,643	-1,592	N/A
12/31/2019	2,525	681	-1,516	-1,436	N/A
9/30/2019	2,389	614	-1,572	-1,478	N/A
6/30/2019	2,180	563	-393	-287	N/A
3/31/2019	2,037	534	-837	-726	N/A
12/31/2018	1,885	506	-1,025	-898	N/A
9/30/2018	1,686	474	-1,217	-1,100	N/A
6/30/2018	1,554	434	N/A	-901	N/A
3/31/2018	1,484	439	N/A	-477	N/A
12/31/2017	1,356	396	N/A	-705	N/A
9/30/2017	1,289	516	N/A	-490	N/A
6/30/2017	1,241	468	N/A	-1,046	N/A
3/31/2017	1,109	379	N/A	-1,531	N/A
12/31/2016	1,064	290	N/A	-1,485	N/A
9/30/2016	983	89	N/A	-1,686	N/A
6/30/2016	862	59	N/A	-1,720	N/A
3/31/2016	779	43	N/A	-1,231	N/A
12/31/2015	719	95	N/A	-1,431	N/A
9/30/2015	670	121	N/A	-1,554	N/A
6/30/2015	616	133	N/A	-1,480	N/A
3/31/2015	567	141	N/A	-1,451	N/A
12/31/2014	488	121	N/A	-1,052	N/A
9/30/2014	417	89	N/A	-474	N/A
6/30/2014	384	71	N/A	-101	N/A
3/31/2014	357	64	N/A	-36	N/A
12/31/2013	362	75	N/A	4	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JMT's forecast earnings growth (11.6% per year) is above the savings rate (2%).

Earnings vs Market: JMT's earnings (11.6% per year) are forecast to grow slower than the TH market (16.9% per year).

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

Revenue vs Market: JMT's revenue (4.3% per year) is forecast to grow slower than the TH market (6.6% per year).

High Growth Revenue: JMT's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: JMT's Return on Equity is forecast to be low in 3 years time (7.7%).

JMT Network Services Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 15% to ฿15.94

Consensus EPS estimates fall by 16%, revenue upgraded

Price target decreased by 7.6% to ฿18.74

Price target decreased by 9.6% to ฿26.17

Price target decreased by 20% to ฿37.50

Price target decreased by 13% to ฿48.20

Recent updates

Third quarter 2024 earnings released: EPS: ฿0.29 (vs ฿0.32 in 3Q 2023)

Price target increased by 15% to ฿15.94

Investor sentiment improves as stock rises 21%

Now 22% overvalued after recent price rise

Investor sentiment improves as stock rises 36%

Consensus EPS estimates fall by 16%, revenue upgraded

First half dividend increased to ฿0.38

New major risk - Share price stability

Second quarter 2024 earnings released: EPS: ฿0.25 (vs ฿0.38 in 2Q 2023)

JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2024 to 30 June 2024, Payable on 05 September 2024

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 7.6% to ฿18.74

Investor sentiment deteriorates as stock falls 18%

Price target decreased by 9.6% to ฿26.17

Investor sentiment deteriorates as stock falls 16%

Now 21% overvalued

Upcoming dividend of ฿0.49 per share

Now 22% overvalued

Final dividend reduced to ฿0.49

Now 31% overvalued

JMT Network Services Public Company Limited, Annual General Meeting, Apr 05, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

JMT Network Services Public Company Limited Proposes Interim Dividend, Payable on May 3, 2024

Investor sentiment improves as stock rises 15%

Now 25% overvalued

Investor sentiment deteriorates as stock falls 17%

Third quarter 2023 earnings released: EPS: ฿0.32 (vs ฿0.31 in 3Q 2022)

Price target decreased by 20% to ฿37.50

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

Price target decreased by 13% to ฿48.20

Investor sentiment deteriorates as stock falls 22%

Upcoming dividend of ฿0.34 per share at 2.8% yield

JMT Network Services Public Company Limited Declares Interim Dividend for the Period from 01 January 2023 to 30 June 2023, Payable on 08 September 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.30 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Price target decreased by 9.9% to ฿58.33

Investor sentiment deteriorates as stock falls 16%

First quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.27 in 1Q 2022)

Upcoming dividend of ฿0.59 per share at 2.6% yield

Price target decreased by 14% to ฿70.13

Consensus revenue estimates fall by 13%

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 19%

Less than half of directors are independent

Third quarter 2022 earnings released

Upcoming dividend of ฿0.49 per share

JMT Network Services Public Company Limited Declares Interim Dividend, Payable on 07 Sep. 2022

Second quarter 2022 earnings released: EPS: ฿0.30 (vs ฿0.26 in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to ฿83.40

Less than half of directors are independent

Price target increased to ฿83.40

JMT Network Services Public Company Limited Announces Dividend for the Year of 2021

Upcoming dividend of ฿0.42 per share

Investor sentiment improved over the past week

Consensus revenue estimates fall by 10%

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

JMT Network Services Public Company Limited, Annual General Meeting, Apr 08, 2022

Jmt Network Services Public Company Limited Proposes Interim Dividend, Payable on May 5, 2022

Price target increased to ฿58.00

Third quarter 2021 earnings released: EPS ฿0.32 (vs ฿0.32 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of ฿0.40 per share

Second quarter 2021 earnings released: EPS ฿0.26 (vs ฿0.26 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.23 in 1Q 2020)

Upcoming dividend of ฿0.41 per share