Minor International Future Growth

Future criteria checks 3/6

Minor International is forecast to grow earnings and revenue by 24.4% and 5.8% per annum respectively while EPS is expected to grow by 23.6% per annum.

Key information

24.4%

Earnings growth rate

23.6%

EPS growth rate

Hospitality earnings growth	25.3%
Revenue growth rate	5.8%
Future return on equity	n/a
Analyst coverage	Good
Last updated	02 Jun 2023

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:MINO.F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	156,684	9,637	18,565	29,955	14
12/31/2024	150,058	8,271	16,830	26,932	16
12/31/2023	139,973	5,945	8,897	23,733	15
3/31/2023	133,434	5,571	27,287	32,832	N/A
12/31/2022	121,877	2,828	25,120	30,139	N/A
9/30/2022	110,558	-615	20,203	25,349	N/A
6/30/2022	96,194	-5,707	12,501	17,484	N/A
3/31/2022	79,688	-11,225	14,910	19,884	N/A
12/31/2021	71,669	-14,713	13,076	18,144	N/A
9/30/2021	62,859	-18,764	5,561	9,344	N/A
6/30/2021	57,124	-23,952	1,928	6,105	N/A
3/31/2021	48,324	-28,409	-7,318	-2,230	N/A
12/31/2020	58,246	-22,868	-9,224	-2,500	N/A
9/30/2020	77,466	-13,423	-7,390	2,590	N/A
6/30/2020	96,715	-3,189	-5,679	6,030	N/A
3/31/2020	116,287	7,051	-52	13,516	N/A
12/31/2019	122,321	9,409	313	14,766	N/A
9/30/2019	120,678	6,298	294	15,121	N/A
6/30/2019	102,152	3,087	-986	11,493	N/A
3/31/2019	90,296	2,835	-1,506	8,838	N/A
12/31/2018	77,408	4,297	-1,098	7,360	N/A
9/30/2018	61,083	5,556	-1,582	4,450	N/A
6/30/2018	59,500	5,679	-1,630	5,203	N/A
3/31/2018	57,794	5,210	-1,727	5,330	N/A
12/31/2017	56,953	5,415	-27	6,585	N/A
9/30/2017	55,398	5,098	729	7,395	N/A
6/30/2017	55,077	4,945	2,138	7,975	N/A
3/31/2017	54,713	4,940	2,389	7,871	N/A
12/31/2016	53,254	6,590	N/A	6,494	N/A
9/30/2016	53,956	8,716	N/A	6,392	N/A
6/30/2016	50,261	8,649	N/A	5,266	N/A
3/31/2016	47,151	8,458	N/A	5,123	N/A
12/31/2015	44,796	7,040	N/A	2,499	N/A
9/30/2015	41,100	5,240	N/A	2,275	N/A
6/30/2015	40,062	5,063	N/A	2,179	N/A
3/31/2015	39,453	5,139	N/A	2,079	N/A
12/31/2014	38,564	4,402	N/A	4,785	N/A
9/30/2014	37,770	4,339	N/A	4,426	N/A
6/30/2014	37,159	4,300	N/A	4,691	N/A
3/31/2014	36,190	4,112	N/A	5,507	N/A
12/31/2013	35,151	4,101	N/A	5,181	N/A
9/30/2013	34,380	3,705	N/A	5,113	N/A
6/30/2013	33,553	3,536	N/A	4,398	N/A
3/31/2013	32,983	3,455	N/A	3,982	N/A
12/31/2012	32,258	3,243	N/A	4,046	N/A
9/30/2012	30,799	2,555	N/A	3,139	N/A
6/30/2012	31,059	3,324	N/A	3,868	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MINO.F's forecast earnings growth (24.4% per year) is above the savings rate (2.1%).

Earnings vs Market: MINO.F's earnings (24.4% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: MINO.F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MINO.F's revenue (5.8% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: MINO.F's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MINO.F's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/04 04:10
End of Day Share Price	2023/03/07 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

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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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Minor International Public Company Limited is covered by 43 analysts. 16 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
Nuanpun Noiruchchukorn	Asia Plus Securities Company Limited
Somkij Oranchatchawan	BNP Paribas Securities (Asia)
Charti Phrawphraikul	BofA Global Research