[MAYBANK] QoQ Annualized Quarter Result on 31-Dec-2014 [#4]

Announcement Date
26-Feb-2015
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2014
Quarter
31-Dec-2014 [#4]
Profit Trend
QoQ- 5.27%
YoY- 2.5%
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Annualized Quarter Result
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Revenue 39,338,816 36,240,666 36,737,432 35,712,006 34,733,745 34,232,272 33,427,060 11.45%
PBT 9,033,926 8,784,992 8,968,052 9,111,583 8,907,462 8,909,204 8,831,152 1.52%
Tax -2,021,850 -2,118,252 -2,120,016 -2,200,540 -2,373,208 -2,402,554 -2,293,156 -8.04%
NP 7,012,076 6,666,740 6,848,036 6,911,043 6,534,254 6,506,650 6,537,996 4.77%
-
NP to SH 6,911,809 6,569,838 6,801,540 6,716,455 6,380,296 6,354,232 6,406,340 5.18%
-
Tax Rate 22.38% 24.11% 23.64% 24.15% 26.64% 26.97% 25.97% -
Total Cost 32,326,740 29,573,926 29,889,396 28,800,963 28,199,490 27,725,622 26,889,064 13.05%
-
Net Worth 58,981,697 55,584,729 55,545,910 51,490,705 49,185,096 47,949,877 48,182,123 14.41%
Dividend
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Div 3,017,159 4,502,458 - 5,163,019 2,879,953 4,289,776 - -
Div Payout % 43.65% 68.53% - 76.87% 45.14% 67.51% - -
Equity
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Net Worth 58,981,697 55,584,729 55,545,910 51,490,705 49,185,096 47,949,877 48,182,123 14.41%
NOSH 9,428,623 9,380,122 9,306,978 9,057,929 8,999,853 8,937,035 8,853,427 4.28%
Ratio Analysis
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
NP Margin 17.82% 18.40% 18.64% 19.35% 18.81% 19.01% 19.56% -
ROE 11.72% 11.82% 12.24% 13.04% 12.97% 13.25% 13.30% -
Per Share
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
RPS 417.23 386.36 394.73 394.26 385.94 383.04 377.56 6.88%
EPS 73.31 70.04 73.08 74.15 70.89 71.10 72.36 0.87%
DPS 32.00 48.00 0.00 57.00 32.00 48.00 0.00 -
NAPS 6.2556 5.9258 5.9682 5.6846 5.4651 5.3653 5.4422 9.72%
Adjusted Per Share Value based on latest NOSH - 9,307,146
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
RPS 326.08 300.40 304.51 296.01 287.91 283.75 277.07 11.45%
EPS 57.29 54.46 56.38 55.67 52.89 52.67 53.10 5.18%
DPS 25.01 37.32 0.00 42.80 23.87 35.56 0.00 -
NAPS 4.8889 4.6074 4.6042 4.268 4.0769 3.9745 3.9938 14.41%
Price Multiplier on Financial Quarter End Date
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Date 30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 -
Price 8.56 9.14 9.33 9.17 9.96 9.83 9.68 -
P/RPS 2.05 2.37 2.36 2.33 2.58 2.57 2.56 -13.75%
P/EPS 11.68 13.05 12.77 12.37 14.05 13.83 13.38 -8.65%
EY 8.56 7.66 7.83 8.09 7.12 7.23 7.48 9.39%
DY 3.74 5.25 0.00 6.22 3.21 4.88 0.00 -
P/NAPS 1.37 1.54 1.56 1.61 1.82 1.83 1.78 -16.00%
Price Multiplier on Announcement Date
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Date 26/11/15 27/08/15 28/05/15 26/02/15 26/11/14 28/08/14 29/05/14 -
Price 8.48 8.65 9.11 9.16 9.67 10.10 9.98 -
P/RPS 2.03 2.24 2.31 2.32 2.51 2.64 2.64 -16.05%
P/EPS 11.57 12.35 12.47 12.35 13.64 14.21 13.79 -11.03%
EY 8.64 8.10 8.02 8.09 7.33 7.04 7.25 12.39%
DY 3.77 5.55 0.00 6.22 3.31 4.75 0.00 -
P/NAPS 1.36 1.46 1.53 1.61 1.77 1.88 1.83 -17.93%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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