[MAYBANK] QoQ TTM Result on 31-Mar-2017 [#1]

Announcement Date
25-May-2017
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2017
Quarter
31-Mar-2017 [#1]
Profit Trend
QoQ- 4.09%
YoY- 6.96%
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TTM Result
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
Revenue 45,580,310 45,040,284 44,734,460 44,753,568 44,657,902 44,464,550 44,559,857 1.51%
PBT 10,098,096 10,044,953 9,822,677 9,162,175 8,844,450 8,347,548 8,274,386 14.15%
Tax -2,301,222 -2,049,090 -2,039,657 -1,904,080 -1,880,558 -2,106,398 -1,971,165 10.84%
NP 7,796,874 7,995,863 7,783,020 7,258,095 6,963,892 6,241,150 6,303,221 15.18%
-
NP to SH 7,520,542 7,749,041 7,517,537 7,019,038 6,742,992 6,034,476 6,137,712 14.46%
-
Tax Rate 22.79% 20.40% 20.76% 20.78% 21.26% 25.23% 23.82% -
Total Cost 37,783,436 37,044,421 36,951,440 37,495,473 37,694,010 38,223,400 38,256,636 -0.82%
-
Net Worth 72,420,516 69,459,874 69,758,780 70,457,936 68,422,732 65,606,580 62,312,149 10.51%
Dividend
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
Div 5,798,732 5,632,502 5,632,502 5,225,070 5,225,070 4,869,452 4,869,452 12.31%
Div Payout % 77.11% 72.69% 74.92% 74.44% 77.49% 80.69% 79.34% -
Equity
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
Net Worth 72,420,516 69,459,874 69,758,780 70,457,936 68,422,732 65,606,580 62,312,149 10.51%
NOSH 10,782,745 10,207,482 10,326,525 10,178,105 10,179,378 9,992,777 9,838,346 6.28%
Ratio Analysis
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
NP Margin 17.11% 17.75% 17.40% 16.22% 15.59% 14.04% 14.15% -
ROE 10.38% 11.16% 10.78% 9.96% 9.85% 9.20% 9.85% -
Per Share
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
RPS 426.03 441.25 433.20 439.70 438.71 444.97 452.92 -3.98%
EPS 70.29 75.92 72.80 68.96 66.24 60.39 62.39 8.24%
DPS 54.20 55.00 54.54 51.34 51.33 48.73 49.49 6.23%
NAPS 6.769 6.8048 6.7553 6.9225 6.7217 6.5654 6.3336 4.51%
Adjusted Per Share Value based on latest NOSH - 10,178,105
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
RPS 377.73 373.25 370.72 370.88 370.08 368.48 369.27 1.51%
EPS 62.32 64.22 62.30 58.17 55.88 50.01 50.86 14.46%
DPS 48.05 46.68 46.68 43.30 43.30 40.35 40.35 12.31%
NAPS 6.0016 5.7562 5.781 5.8389 5.6703 5.4369 5.1639 10.51%
Price Multiplier on Financial Quarter End Date
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
Date 29/12/17 29/09/17 30/06/17 31/03/17 30/12/16 30/09/16 30/06/16 -
Price 9.80 9.53 9.63 8.92 8.20 7.50 8.14 -
P/RPS 2.30 2.16 2.22 2.03 1.87 1.69 1.80 17.69%
P/EPS 13.94 12.55 13.23 12.93 12.38 12.42 13.05 4.48%
EY 7.17 7.97 7.56 7.73 8.08 8.05 7.66 -4.29%
DY 5.53 5.77 5.66 5.76 6.26 6.50 6.08 -6.10%
P/NAPS 1.45 1.40 1.43 1.29 1.22 1.14 1.29 8.08%
Price Multiplier on Announcement Date
31/12/17 30/09/17 30/06/17 31/03/17 31/12/16 30/09/16 30/06/16 CAGR
Date 28/02/18 30/11/17 30/08/17 25/05/17 23/02/17 24/11/16 25/08/16 -
Price 10.46 9.25 9.46 9.39 8.40 7.70 7.90 -
P/RPS 2.46 2.10 2.18 2.14 1.91 1.73 1.74 25.88%
P/EPS 14.88 12.18 12.99 13.62 12.68 12.75 12.66 11.34%
EY 6.72 8.21 7.70 7.34 7.89 7.84 7.90 -10.19%
DY 5.18 5.95 5.77 5.47 6.11 6.33 6.27 -11.92%
P/NAPS 1.55 1.36 1.40 1.36 1.25 1.17 1.25 15.37%

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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