MFC Asset Management Past Earnings Performance

Past criteria checks 3/6

MFC Asset Management has been growing earnings at an average annual rate of 6.2%, while the Capital Markets industry saw earnings growing at 1.3% annually. Revenues have been growing at an average rate of 4.9% per year. MFC Asset Management's return on equity is 17.5%, and it has net margins of 16.7%.

Key information

6.2%

Earnings growth rate

6.2%

EPS growth rate

Capital Markets Industry Growth	11.8%
Revenue growth rate	4.9%
Return on equity	17.5%
Net Margin	16.7%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MFC Asset Management makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:MFC Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	1,279	214	38
30 Jun 24	1,208	199	36
31 Mar 24	1,130	182	37
31 Dec 23	1,133	189	38
30 Sep 23	1,112	193	11
30 Jun 23	1,094	187	33
31 Mar 23	1,109	211	25
31 Dec 22	1,096	221	22
30 Sep 22	1,210	236	26
30 Jun 22	1,285	261	24
31 Mar 22	1,325	282	25
31 Dec 21	1,526	306	24
30 Sep 21	1,452	299	17
30 Jun 21	1,342	269	17
31 Mar 21	1,194	206	17
31 Dec 20	915	148	19
30 Sep 20	845	132	33
30 Jun 20	859	133	48
31 Mar 20	912	130	63
31 Dec 19	917	130	76
30 Sep 19	915	139	79
30 Jun 19	903	144	79
31 Mar 19	881	153	81
31 Dec 18	914	168	83
30 Sep 18	978	188	86
30 Jun 18	973	183	87
31 Mar 18	953	170	87
31 Dec 17	909	143	87
30 Sep 17	873	127	88
30 Jun 17	882	140	86
31 Mar 17	930	186	84
31 Dec 16	918	188	82
30 Sep 16	893	172	104
30 Jun 16	901	183	125
31 Mar 16	876	170	144
31 Dec 15	890	189	163
30 Sep 15	981	258	162
30 Jun 15	950	242	161
31 Mar 15	948	241	160
31 Dec 14	938	236	160
30 Sep 14	933	158	160
30 Jun 14	929	154	155
31 Mar 14	1,012	221	156
31 Dec 13	1,179	341	153

Quality Earnings: MFC has a high level of non-cash earnings.

Growing Profit Margin: MFC's current net profit margins (16.7%) are lower than last year (17.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MFC's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: MFC's earnings growth over the past year (11.1%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: MFC earnings growth over the past year (11.1%) exceeded the Capital Markets industry -13%.

MFC Asset Management Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: ฿0.51 (vs ฿0.39 in 3Q 2023)

Second quarter 2024 earnings released

First quarter 2024 earnings released: EPS: ฿0.39 (vs ฿0.45 in 1Q 2023)

Full year 2023 earnings released: EPS: ฿1,505 (vs ฿1.76 in FY 2022)

Third quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.35 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.57 in 2Q 2022)

Recent updates

New major risk - Earnings quality

Third quarter 2024 earnings released: EPS: ฿0.51 (vs ฿0.39 in 3Q 2023)

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

MFC Asset Management Public Company Limited Announces Resignation of Veerachai Amorntakolsuwech as Director

Investor sentiment improves as stock rises 27%

Opus - Chartered Issuances S.A. completed the acquisition of 24.96% stake in MFC Asset Management Public Company Limited (SET:MFC) from Country Group Holdings Public Company Limited (SET:CGH).

MFC Asset Management Public Company Limited Announces Executive and Committee Changes

Second quarter 2024 earnings released

Sarinda Chowiwatana acquired Four Immovable property of Multi-National Residence Fund from MFC Asset Management Public Company Limited (SET:MFC) for THB 19.9 million.

MFC Asset Management Public Company Limited Appoints Veerachai Amorntakolsuwech as Director

First quarter 2024 earnings released: EPS: ฿0.39 (vs ฿0.45 in 1Q 2023)

MFC Asset Management Public Company Limited Announces Resignation of Boonrak Udomittipong as Director

Upcoming dividend of ฿1.30 per share

MFC Asset Management Public Company Limited Approves Election of Paroche Hutachareon as Non-Executive Director

Full year 2023 earnings released: EPS: ฿1,505 (vs ฿1.76 in FY 2022)

MFC Asset Management Public Company Limited, Annual General Meeting, Apr 18, 2024

MFC Asset Management Public Company Limited Appoints Polchak Nimwatana as Director

MFC Asset Management Public Company Limited Announces Resignation of Wutipong Jittungsakul as Director

MFC Asset Management Public Company Limited Appoints Boonrak Udomittipong as Director

Third quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.35 in 3Q 2022)

MFC Asset Management Public Company Limited Appoint Mrs. Boonrak Udomittipong as A Director

MFC Asset Management Public Company Limited Announces Resignation of Wutipong Piromyaporn as Director

Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.57 in 2Q 2022)

Mfc Asset Management Public Company Limited Announces Appointment of Wuttipong Jittungsakul as Director

First quarter 2023 earnings released: EPS: ฿0.45 (vs ฿0.53 in 1Q 2022)

Upcoming dividend of ฿1.50 per share at 9.0% yield

Bangchak Corporation Public Company Limited (SET:BCP) made an offer to acquire 34.01% stake in Esso (Thailand) Public Company Limited (SET:ESSO).

Third quarter 2022 earnings released: EPS: ฿0.35 (vs ฿0.54 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: ฿0.57 (vs ฿0.73 in 2Q 2021)

MFC Asset Management Public Company Limited Announces Directorate Appointments

MFC Asset Management Public Company Limited Announces Dividend for the Period 1 January 2022 to 31 March 2022 Payable on 23 June 2022

MFC Asset Management Public Company Limited Announces Dividend for the Period 1 January 2022 to 31 March 2022 Payable on 23 June 2022

First quarter 2022 earnings released: EPS: ฿0.53 (vs ฿0.73 in 1Q 2021)

Less than half of directors are independent

MFC Asset Management Public Company Limited Proposes Dividend for the Year 2021, Payable on May 19, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

MFC Asset Management Public Company Limited Announces Resignation of Mongkon Leelatham with Effect from February 10, 2022

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS ฿0.73 (vs ฿0.24 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.73 (vs ฿0.26 in 1Q 2020)

Upcoming dividend of ฿1.10 per share

Full year 2020 earnings released: EPS ฿1.18 (vs ฿1.04 in FY 2019)

MFC Asset Management Public Company Limited, Annual General Meeting, Apr 22, 2021

New 90-day high: ฿15.10

MFC Asset Management Public Company Limited Appoints Thanachote Rungsitivat as President

New 90-day high: ฿14.70

New 90-day high: ฿14.40

New 90-day high: ฿14.20

Third quarter 2020 earnings released: EPS ฿0.30

New 90-day high: ฿13.90

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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