Financials Hong Leong Bank

Equities

HLBANK

MYL5819OO007

Banks

End-of-day quote BURSA MALAYSIA 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
19.2 MYR -0.41% Intraday chart for Hong Leong Bank +0.10% +1.59%

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,878 28,822 38,325 41,909 38,849 39,357 - -
Enterprise Value (EV) 1 38,878 28,822 38,325 41,909 38,849 39,357 39,357 39,357
P/E ratio 14.6 x 11.6 x 13.4 x 12.7 x 10.2 x 9.63 x 9.06 x 8.3 x
Yield 2.63% 2.56% 2.67% 2.69% 3.11% 3.54% 3.84% 4.18%
Capitalization / Revenue 8.23 x 6.03 x 7.01 x 7.49 x 6.83 x 6.65 x 6.17 x 5.75 x
EV / Revenue 8.23 x 6.03 x 7.01 x 7.49 x 6.83 x 6.65 x 6.17 x 5.75 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.53 x 1.06 x 1.3 x 1.35 x 1.14 x 1.09 x 1.01 x 0.92 x
Nbr of stocks (in thousands) 2,046,225 2,047,041 2,047,277 2,048,352 2,049,020 2,049,848 - -
Reference price 2 19.00 14.08 18.72 20.46 18.96 19.20 19.20 19.20
Announcement Date 28/08/19 28/08/20 30/08/21 30/08/22 30/08/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,726 4,778 5,467 5,597 5,686 5,915 6,379 6,850
EBITDA - - - - - - - -
EBIT 1 2,634 2,675 3,389 3,499 3,452 3,595 3,933 4,252
Operating Margin 55.74% 55.97% 61.99% 62.51% 60.72% 60.78% 61.65% 62.07%
Earnings before Tax (EBT) 1 3,186 2,989 3,471 4,367 4,627 5,003 5,324 5,788
Net income 1 2,665 2,495 2,861 3,289 3,818 4,135 4,400 4,765
Net margin 56.38% 52.21% 52.33% 58.76% 67.16% 69.91% 68.98% 69.57%
EPS 2 1.300 1.219 1.397 1.605 1.863 1.993 2.120 2.312
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5000 0.3600 0.5000 0.5500 0.5900 0.6800 0.7376 0.8023
Announcement Date 28/08/19 28/08/20 30/08/21 30/08/22 30/08/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 1,371 1,348 1,498 1,500 1,486 1,396 1,303 1,394 1,465 1,436 1,533 1,571 1,604 1,627 1,664
EBITDA - - - - - - - - - - - - - - -
EBIT 858.3 - 938.3 - - 836.8 715.8 837.8 887.1 858.7 - - - - -
Operating Margin 62.59% - 62.62% - - 59.94% 54.93% 60.1% 60.56% 59.82% - - - - -
Earnings before Tax (EBT) 1 1,077 1,031 1,217 1,187 1,287 1,112 1,040 1,243 1,341 1,268 1,244 1,307 1,343 1,368 1,223
Net income 1 738.6 784.8 907.6 981.4 1,042 930 864.7 1,030 1,088 1,044 1,026 1,078 1,108 1,128 1,159
Net margin 53.87% 58.22% 60.57% 65.43% 70.12% 66.61% 66.35% 73.87% 74.28% 72.76% 66.94% 68.64% 69.04% 69.36% 69.64%
EPS 2 0.3600 0.3830 0.4430 0.4790 0.5090 0.4540 0.4220 0.5020 0.5310 0.5100 0.5167 0.5261 0.5405 0.5505 0.5655
Dividend per Share 2 0.1800 - 0.3700 - 0.2100 - 0.3800 - 0.2500 - 0.5052 - 0.2666 - 0.6138
Announcement Date 28/02/22 30/05/22 30/08/22 29/11/22 28/02/23 31/05/23 30/08/23 30/11/23 28/02/24 30/05/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.8% 9.47% 10.1% 10.9% 11.8% 11.7% 11.5% 11.5%
ROA (Net income/ Total Assets) 1.3% 1.16% 1.25% 1.34% 1.43% 1.44% 1.47% 1.48%
Assets 1 205,129 214,331 228,851 245,469 267,007 287,556 299,118 321,801
Book Value Per Share 2 12.50 13.30 14.40 15.10 16.60 17.70 19.10 20.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 28/08/19 28/08/20 30/08/21 30/08/22 30/08/23 - - -
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
BUY
Number of Analysts
13
Last Close Price
19.2 MYR
Average target price
23.19 MYR
Spread / Average Target
+20.78%
Consensus
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  4. Financials Hong Leong Bank