Financials RHB Bank

Equities

RHBBANK

MYL1066OO009

Banks

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.5 MYR -0.18% Intraday chart for RHB Bank +0.36% +0.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,178 21,855 22,247 24,592 23,361 23,575 - -
Enterprise Value (EV) 1 23,178 21,855 22,247 24,592 23,361 23,575 23,575 23,575
P/E ratio 9.34 x 10.7 x 8.3 x 8.95 x 8.32 x 8.3 x 7.84 x 7.31 x
Yield 5.36% 3.24% 7.45% 6.91% - 7.33% 7.68% 7.87%
Capitalization / Revenue 3.26 x 3 x 2.86 x 2.96 x 3.01 x 2.91 x 2.78 x 2.61 x
EV / Revenue 3.26 x 3 x 2.86 x 2.96 x 3.01 x 2.91 x 2.78 x 2.61 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.9 x 0.81 x 0.79 x 0.86 x - 0.73 x 0.71 x 0.68 x
Nbr of stocks (in thousands) 4,010,046 4,010,046 4,142,919 4,247,374 4,286,348 4,286,348 - -
Reference price 2 5.780 5.450 5.370 5.790 5.450 5.500 5.500 5.500
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/27/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,101 7,281 7,789 8,309 7,770 8,097 8,493 9,039
EBITDA - - - - - - - -
EBIT 1 3,629 3,799 4,266 4,592 4,081 4,294 4,496 4,853
Operating Margin 51.11% 52.18% 54.78% 55.27% 52.52% 53.03% 52.94% 53.69%
Earnings before Tax (EBT) 1 3,350 2,644 3,529 4,171 3,753 3,753 3,974 4,272
Net income 1 2,482 2,033 2,618 2,708 2,806 2,824 2,992 3,211
Net margin 34.96% 27.92% 33.62% 32.59% 36.11% 34.88% 35.22% 35.52%
EPS 2 0.6190 0.5070 0.6470 0.6470 0.6554 0.6628 0.7012 0.7521
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3100 0.1765 0.4000 0.4000 - 0.4034 0.4222 0.4330
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/27/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,941 1,919 1,903 1,946 2,194 2,266 1,908 1,879 1,959 2,024 1,871 1,844 1,893 1,941 1,960
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,079 1,009 - 1,057 - - 1,051 936 1,051 1,043 1,030 - - - -
Operating Margin 55.57% 52.56% - 54.34% - - 55.1% 49.8% 53.63% 51.54% 55.04% - - - -
Earnings before Tax (EBT) 1 828.8 922.6 890.6 1,019 1,039 1,222 1,005 1,063 879.3 805.8 856.8 803.5 853.1 849.6 861.9
Net income 1 635.6 631.2 600.3 634.8 700.5 772.1 761.7 808.7 649.9 585.9 645.5 609.7 647.3 644.7 654
Net margin 32.75% 32.89% 31.54% 32.62% 31.93% 34.08% 39.93% 43.03% 33.17% 28.95% 34.49% 33.06% 34.19% 33.21% 33.37%
EPS 2 0.1560 0.1530 0.1450 0.1530 0.1660 0.1820 0.1790 0.1900 0.1513 0.1364 0.1509 0.1537 0.1577 0.1539 0.1526
Dividend per Share 2 - 0.2500 - 0.1500 - 0.2500 - 0.1500 - - - 0.1500 - 0.2110 -
Announcement Date 11/30/21 2/28/22 5/30/22 8/29/22 11/29/22 2/27/23 5/26/23 8/29/23 11/27/23 2/27/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.1% 7.7% 9.52% 9.55% - 9.01% 9.15% 9.29%
ROA (Net income/ Total Assets) 0.99% 0.77% 0.93% 0.9% - 0.85% 0.86% 0.89%
Assets 1 250,371 264,377 280,341 300,187 - 332,033 346,268 360,685
Book Value Per Share 2 6.430 6.740 6.760 6.760 - 7.520 7.770 8.060
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/27/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
5.5 MYR
Average target price
5.987 MYR
Spread / Average Target
+8.86%
Consensus