Financials Malayan Banking

Equities

MAYBANK

MYL1155OO000

Banks

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
9.79 MYR +0.10% Intraday chart for Malayan Banking +1.45% +10.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 97,125 95,102 98,592 104,871 107,216 118,135 - -
Enterprise Value (EV) 1 97,125 95,102 98,592 104,871 107,216 118,135 118,135 118,135
P/E ratio 11.8 x 14.7 x 11.9 x 12.6 x 11.5 x 11.9 x 11.4 x 10.7 x
Yield 7.41% 6.15% 6.99% - 6.75% 6.26% 6.52% 6.85%
Capitalization / Revenue 3.93 x 3.84 x 3.87 x 3.8 x 3.92 x 4.09 x 3.89 x 3.66 x
EV / Revenue 3.93 x 3.84 x 3.87 x 3.8 x 3.92 x 4.09 x 3.89 x 3.66 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.19 x 1.13 x 1.15 x 1.22 x - 1.2 x 1.18 x 1.11 x
Nbr of stocks (in thousands) 11,241,362 11,241,362 11,878,513 12,054,127 12,060,237 12,066,952 - -
Reference price 2 8.640 8.460 8.300 8.700 8.890 9.790 9.790 9.790
Announcement Date 2/27/20 2/25/21 2/24/22 2/27/23 2/28/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,741 24,763 25,448 27,615 27,361 28,917 30,339 32,284
EBITDA - - - - - - - -
EBIT 1 13,179 13,518 13,930 14,808 13,972 14,961 15,664 16,625
Operating Margin 53.27% 54.59% 54.74% 53.62% 51.07% 51.74% 51.63% 51.5%
Earnings before Tax (EBT) 1 11,014 8,657 10,887 12,153 12,532 13,151 13,703 14,575
Net income 1 8,198 6,481 8,096 8,235 9,350 9,820 10,237 10,880
Net margin 33.14% 26.17% 31.81% 29.82% 34.17% 33.96% 33.74% 33.7%
EPS 2 0.7345 0.5766 0.6966 0.6880 0.7755 0.8238 0.8614 0.9137
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6400 0.5200 0.5800 - 0.6000 0.6126 0.6379 0.6708
Announcement Date 2/27/20 2/25/21 2/24/22 2/27/23 2/28/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 6,150 6,300 6,454 6,835 7,414 6,897 6,731 7,310 6,750 6,977 7,148 7,302 7,458 7,616 7,692
EBITDA - - - - - - - - - - - - - - -
EBIT 1 3,329 3,345 3,520 3,779 - - 3,272 3,889 3,453 3,358 3,803 - - - -
Operating Margin 54.12% 53.1% 54.54% 55.29% - - 48.61% 53.21% 51.15% 48.13% 53.2% - - - -
Earnings before Tax (EBT) 1 2,269 2,720 2,972 2,666 3,208 3,307 3,056 3,370 3,156 2,950 3,316 3,240 3,366 3,399 3,448
Net income 1 1,685 2,057 2,045 1,857 2,166 2,167 2,265 2,339 2,358 2,388 2,471 2,430 2,527 2,552 2,590
Net margin 27.39% 32.65% 31.68% 27.17% 29.21% 31.42% 33.66% 31.99% 34.93% 34.22% 34.57% 33.28% 33.88% 33.52% 33.67%
EPS 2 0.1441 0.1732 0.1722 0.1552 0.1822 0.1798 0.1879 0.1940 0.1956 0.1980 0.2067 0.2057 0.2098 0.2008 0.2147
Dividend per Share 2 - 0.3000 - 0.2800 - - - 0.2800 - 0.3100 - 0.2834 - 0.3369 -
Announcement Date 11/25/21 2/24/22 5/26/22 8/25/22 11/23/22 2/27/23 5/24/23 8/30/23 11/22/23 2/28/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.5% 7.81% 9.51% 9.59% - 10.3% 10.5% 10.6%
ROA (Net income/ Total Assets) 1% 0.77% 0.93% 0.9% - 0.91% 0.93% 0.95%
Assets 1 820,710 841,717 872,532 917,952 - 1,074,860 1,101,825 1,145,283
Book Value Per Share 2 7.260 7.510 7.220 7.130 - 8.140 8.330 8.780
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/25/21 2/24/22 2/27/23 2/28/24 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
9.79 MYR
Average target price
9.728 MYR
Spread / Average Target
-0.63%
Consensus
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