Projected Income Statement: DBS Group Holdings Ltd

Forecast Balance Sheet: DBS Group Holdings Ltd

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 13/02/22 13/02/23 07/02/24 09/02/25 08/02/26 - - -
Estimates

Cash Flow Forecast: DBS Group Holdings Ltd

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 547 567 669 718 916 525
Change - 3.66% 17.99% 7.32% 27.58% -42.69%
Free Cash Flow (FCF) 1 - - - - - -
Change - - - - - -
Announcement Date 08/03/21 08/03/22 08/03/23 05/03/24 05/03/25 08/03/26
1SGD in Million
Estimates

Forecast Financial Ratios: DBS Group Holdings Ltd

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 54.75% 56.33% 60.08% 60.11% 59.61% 58.76% 58.64% 59.23%
EBT Margin (%) - 54.39% 56.15% 56.92% 57.78% 56.76% 56.26% 56.31% 57%
Net margin (%) - 47.6% 49.03% 49.86% 50.63% 47.74% 47.5% 47.57% 48.12%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 1.02% 1.12% 1.38% 1.45% 1.29% 1.21% 1.21% 1.26%
ROE - 12.5% 15% 18% 18% 16.2% 16.09% 16.64% 17.33%

Financial Health

         
Leverage (Debt/EBITDA) - - - - - - - - -
Debt / Free cash flow - - - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 1.091 1.364 1.745 2.22 2.46 3.286 3.502 3.264
Change - - 25% 28% 27.19% 10.81% 33.56% 6.58% -6.79%
Book Value Per Share 1 - 19.52 19.25 21.04 23.38 24.29 24.75 25.28 26.36
Change - - -1.4% 9.31% 11.14% 3.89% 1.91% 2.12% 4.3%
EPS 1 - 2.373 2.864 3.518 3.94 3.82 3.946 4.188 4.518
Change - - 20.69% 22.86% 11.99% -3.05% 3.3% 6.13% 7.87%
Nbr of stocks (in thousands) - 2,825,176 2,830,992 2,837,056 2,839,624 2,837,558 2,841,222 2,841,222 2,841,222
Announcement Date - 13/02/22 13/02/23 07/02/24 09/02/25 08/02/26 - - -
1SGD
Estimates
2026 *2027 *
P/E ratio 16.2x 15.2x
PBR 2.58x 2.52x
EV / Sales 7.71x 7.33x
Yield 5.15% 5.49%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
63.78SGD
Average target price
60.55SGD
Spread / Average Target
-5.07%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. D05 Stock
  4. Financials DBS Group Holdings Ltd