[MAYBANK] QoQ TTM 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- 3.06%
YoY- 2.5%
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TTM Result
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Revenue 39,165,809 36,716,203 36,539,599 35,712,006 34,319,473 33,661,539 33,490,725 10.98%
PBT 9,206,431 9,049,477 9,145,808 9,111,583 8,982,196 9,108,620 8,950,656 1.89%
Tax -1,937,022 -2,058,389 -2,157,255 -2,200,540 -2,285,194 -2,265,167 -2,103,119 -5.33%
NP 7,269,409 6,991,088 6,988,553 6,911,043 6,697,002 6,843,453 6,847,537 4.06%
-
NP to SH 7,115,090 6,824,258 6,815,255 6,716,455 6,517,322 6,655,559 6,647,762 4.62%
-
Tax Rate 21.04% 22.75% 23.59% 24.15% 25.44% 24.87% 23.50% -
Total Cost 31,896,400 29,725,115 29,551,046 28,800,963 27,622,471 26,818,086 26,643,188 12.73%
-
Net Worth 59,603,594 56,024,052 55,545,910 52,907,406 49,877,749 48,386,932 48,182,123 15.22%
Dividend
30/09/15 30/06/15 31/03/15 31/12/14 30/09/14 30/06/14 31/03/14 CAGR
Div 5,340,380 5,340,380 5,235,797 5,235,797 4,906,783 4,906,783 4,677,287 9.23%
Div Payout % 75.06% 78.26% 76.82% 77.95% 75.29% 73.72% 70.36% -
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 59,603,594 56,024,052 55,545,910 52,907,406 49,877,749 48,386,932 48,182,123 15.22%
NOSH 9,528,037 9,454,260 9,306,978 9,307,146 9,126,594 9,018,494 8,853,427 5.01%
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 18.56% 19.04% 19.13% 19.35% 19.51% 20.33% 20.45% -
ROE 11.94% 12.18% 12.27% 12.69% 13.07% 13.75% 13.80% -
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 411.06 388.36 392.60 383.71 376.04 373.25 378.28 5.69%
EPS 74.68 72.18 73.23 72.16 71.41 73.80 75.09 -0.36%
DPS 56.05 56.49 56.26 56.26 53.76 54.41 52.83 4.01%
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 324.64 304.34 302.87 296.01 284.47 279.02 277.60 10.98%
EPS 58.98 56.57 56.49 55.67 54.02 55.17 55.10 4.63%
DPS 44.27 44.27 43.40 43.40 40.67 40.67 38.77 9.23%
NAPS 4.9405 4.6438 4.6042 4.3855 4.1343 4.0108 3.9938 15.22%
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 2.08 2.35 2.38 2.39 2.65 2.63 2.56 -12.91%
P/EPS 11.46 12.66 12.74 12.71 13.95 13.32 12.89 -7.53%
EY 8.72 7.90 7.85 7.87 7.17 7.51 7.76 8.07%
DY 6.55 6.18 6.03 6.13 5.40 5.53 5.46 12.88%
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 2.06 2.23 2.32 2.39 2.57 2.71 2.64 -15.23%
P/EPS 11.36 11.98 12.44 12.69 13.54 13.69 13.29 -9.92%
EY 8.81 8.34 8.04 7.88 7.38 7.31 7.52 11.12%
DY 6.61 6.53 6.18 6.14 5.56 5.39 5.29 15.99%
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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