Financials Bank Islam Malaysia

Equities

BIMB

MYL5258OO008

Banks

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2.52 ^MYR	+0.40%		+3.70%	+14.03%

Feb. 28	Bank Islam Malaysia Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI
Feb. 28	Bank Islam Malaysia Berhad Announces Second Interim Single Tier Dividend for the Financial Year Ended 31 December 2023, Payable on April 5, 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,228	5,884	5,009	5,712	-	-
Enterprise Value (EV) ¹	6,228	5,884	5,009	5,712	5,712	5,712
P/E ratio	13.7 x	11.9 x	8.99 x	9.55 x	8.9 x	8.36 x
Yield	3.64%	5.05%	-	6.38%	6.77%	6.98%
Capitalization / Revenue	2.31 x	2.55 x	2.02 x	2.26 x	2.13 x	2.03 x
EV / Revenue	2.31 x	2.55 x	2.02 x	2.26 x	2.13 x	2.03 x
EV / EBITDA	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	0.97 x	0.87 x	0.68 x	0.76 x	0.74 x	0.71 x
Nbr of stocks (in thousands)	2,075,873	2,155,269	2,266,473	2,266,473	-	-
Reference price ²	3.000	2.730	2.210	2.520	2.520	2.520
Announcement Date	2/28/22	2/27/23	2/28/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	2,696	2,310	2,477	2,532	2,679	2,815
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	1,500	885.9	925.8	993.5	1,073	1,153
Operating Margin	-	55.62%	38.35%	37.37%	39.23%	40.04%	40.97%
Earnings before Tax (EBT) ¹	728.2	704.2	746.9	746.8	798.2	863.7	931.2
Net income ¹	565	534.3	491.7	553	597.1	642.8	685.2
Net margin	-	19.82%	21.29%	22.33%	23.58%	24%	24.34%
EPS ²	-	0.2187	0.2286	0.2457	0.2638	0.2831	0.3015
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	0.1093	0.1380	-	0.1607	0.1706	0.1760
Announcement Date	4/14/21	2/28/22	2/27/23	2/28/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2023 Q3	2023 Q4
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	101.6	140.5	158.3
Net margin	-	-	-
EPS	-	0.0620	-
Dividend per Share	-	-	-
Announcement Date	11/30/22	11/28/23	2/28/24

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.42%	7.5%	7.8%	8.02%	8.46%	8.67%
ROA (Net income/ Total Assets)	-	0.69%	0.58%	0.61%	0.61%	0.66%	0.64%
Assets ¹	-	77,402	85,006	90,664	97,616	97,402	106,646
Book Value Per Share ²	-	3.080	3.150	3.270	3.300	3.420	3.550
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	4/14/21	2/28/22	2/27/23	2/28/24	-	-	-

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

Ratings for Bank Islam Malaysia

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.52 MYR

Average target price

2.525 MYR

Spread / Average Target

+0.20%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Islamic Banks

	1st Jan change	Capi.
BANK ISLAM MALAYSIA	+14.03%	1.2B
THE SAUDI NATIONAL BANK	-4.40%	58.55B
ALINMA BANK	+5.27%	21.7B
BANK ALBILAD	-4.29%	11.6B
ABU DHABI ISLAMIC BANK	+10.67%	11.07B
BOUBYAN BANK K.S.C.P.	+3.00%	7.95B
PT BANK SYARIAH INDONESIA TBK	+41.95%	7.02B
MASRAF AL RAYAN (Q.P.S.C.)	-6.78%	6.32B
DUKHAN BANK Q.P.S.C.	-1.89%	5.57B
BANK ALJAZIRA	+8.42%	4.43B

Islamic Banks