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Malayan Banking Berhad

KLSE:MAYBANK
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAYBANK
KLSE
MYR96B
Market Cap
  1. Home
  2. MY
  3. Banks
Company description

Malayan Banking Berhad provides commercial banking and related financial services for individuals, retail, corporate, and institutional clients in Malaysia, Singapore, Indonesia, and internationally. The last earnings update was 7 days ago. More info.


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MAYBANK Share Price and Events
7 Day Returns
0.1%
KLSE:MAYBANK
-1.6%
MY Banks
-1.4%
MY Market
1 Year Returns
-9.6%
KLSE:MAYBANK
-13.8%
MY Banks
-4.5%
MY Market
MAYBANK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Malayan Banking Berhad (MAYBANK) 0.1% -1.5% -2.5% -9.6% 8% -3.8%
MY Banks -1.6% -2.2% -1.8% -13.8% 7.5% -2.2%
MY Market -1.4% -2.1% -0.9% -4.5% -7.2% -13%
1 Year Return vs Industry and Market
  • MAYBANK outperformed the Banks industry which returned -13.8% over the past year.
  • MAYBANK underperformed the Market in Malaysia which returned -4.5% over the past year.
Price Volatility
MAYBANK
Industry
5yr Volatility vs Market

MAYBANK Value

 Is Malayan Banking Berhad undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Malayan Banking Berhad to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Malayan Banking Berhad.

KLSE:MAYBANK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 19 analysts.
= Stable Book Value * Return on Equity
= MYR7.34 * 10.3%
MYR0.75
Book Value of Equity per Share Weighted future Book Value estimates from 18 analysts. MYR7.34
Discount Rate (Cost of Equity) See below 12.2%
Perpetual Growth Rate 10-Year MY Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KLSE:MAYBANK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year MY Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 7%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 24%) (84.41%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.42% + (1.266 * 6.96%)
12.23%

Discounted Cash Flow Calculation for KLSE:MAYBANK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Malayan Banking Berhad is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

KLSE:MAYBANK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.3% – 12.23%) * MYR7.34)
MYR-0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= MYR-0.14 / (12.23% - 3.42%)
MYR-1.63
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= MYR7.34 + MYR-1.63
MYR5.71
KLSE:MAYBANK Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR5.71
Current discount Discount to share price of MYR8.53
= -1 x (MYR8.53 - MYR5.71) / MYR5.71
-49.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Malayan Banking Berhad is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Malayan Banking Berhad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Malayan Banking Berhad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KLSE:MAYBANK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in MYR MYR0.73
KLSE:MAYBANK Share Price ** KLSE (2019-12-05) in MYR MYR8.53
Malaysia Banks Industry PE Ratio Median Figure of 10 Publicly-Listed Banks Companies 9.73x
Malaysia Market PE Ratio Median Figure of 585 Publicly-Listed Companies 14.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Malayan Banking Berhad.

KLSE:MAYBANK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KLSE:MAYBANK Share Price ÷ EPS (both in MYR)

= 8.53 ÷ 0.73

11.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malayan Banking Berhad is overvalued based on earnings compared to the MY Banks industry average.
  • Malayan Banking Berhad is good value based on earnings compared to the Malaysia market.
Price based on expected Growth
Does Malayan Banking Berhad's expected growth come at a high price?
Raw Data
KLSE:MAYBANK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
6.3%per year
Malaysia Banks Industry PEG Ratio Median Figure of 10 Publicly-Listed Banks Companies 1.6x
Malaysia Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

KLSE:MAYBANK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.74x ÷ 6.3%

1.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malayan Banking Berhad is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Malayan Banking Berhad's assets?
Raw Data
KLSE:MAYBANK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in MYR MYR7.05
KLSE:MAYBANK Share Price * KLSE (2019-12-05) in MYR MYR8.53
Malaysia Banks Industry PB Ratio Median Figure of 10 Publicly-Listed Banks Companies 0.93x
Malaysia Market PB Ratio Median Figure of 910 Publicly-Listed Companies 0.75x
KLSE:MAYBANK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KLSE:MAYBANK Share Price ÷ Book Value per Share (both in MYR)

= 8.53 ÷ 7.05

1.21x

* Primary Listing of Malayan Banking Berhad.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malayan Banking Berhad is overvalued based on assets compared to the MY Banks industry average.
X
Value checks
We assess Malayan Banking Berhad's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Malayan Banking Berhad has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MAYBANK Future Performance

 How is Malayan Banking Berhad expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Malayan Banking Berhad expected to grow at an attractive rate?
  • Malayan Banking Berhad's earnings growth is expected to exceed the low risk savings rate of 3.4%.
Growth vs Market Checks
  • Malayan Banking Berhad's earnings growth is positive but not above the Malaysia market average.
  • Malayan Banking Berhad's revenue growth is positive but not above the Malaysia market average.
Annual Growth Rates Comparison
Raw Data
KLSE:MAYBANK Future Growth Rates Data Sources
Data Point Source Value (per year)
KLSE:MAYBANK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 6.3%
KLSE:MAYBANK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 5.3%
Malaysia Banks Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Malaysia Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Malaysia Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Malaysia Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KLSE:MAYBANK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in MYR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KLSE:MAYBANK Future Estimates Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 26,866 8,945 14
2020-12-31 25,502 8,339 15
2019-12-31 24,376 7,874 14
2019-12-05
KLSE:MAYBANK Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-09-30 22,362 -20,216 8,075
2019-06-30 22,105 -20,019 8,033
2019-03-31 21,924 -37,024 8,051
2018-12-31 22,017 -22,353 8,113
2018-09-30 21,685 -46,637 7,919
2018-06-30 21,858 -59,795 7,989
2018-03-31 21,539 -21,266 7,689
2017-12-31 21,210 -30,936 7,521
2017-09-30 20,757 -33,209 7,749
2017-06-30 20,404 -14,793 7,518
2017-03-31 19,632 -6,405 7,019
2016-12-31 19,158 499 6,743

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Malayan Banking Berhad's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Malayan Banking Berhad's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KLSE:MAYBANK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Malayan Banking Berhad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:MAYBANK Future Estimates Data
Date (Data in MYR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.78 0.93 0.69 16.00
2020-12-31 0.74 0.84 0.69 18.00
2019-12-31 0.71 0.72 0.69 14.00
2019-12-05
KLSE:MAYBANK Past Financials Data
Date (Data in MYR Millions) EPS *
2019-09-30 0.73
2019-06-30 0.73
2019-03-31 0.73
2018-12-31 0.74
2018-09-30 0.73
2018-06-30 0.75
2018-03-31 0.73
2017-12-31 0.72
2017-09-30 0.75
2017-06-30 0.73
2017-03-31 0.70
2016-12-31 0.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Malayan Banking Berhad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Malayan Banking Berhad's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Malaysia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Malaysia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Malayan Banking Berhad has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MAYBANK Past Performance

  How has Malayan Banking Berhad performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Malayan Banking Berhad's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Malayan Banking Berhad's year on year earnings growth rate has been positive over the past 5 years.
  • Malayan Banking Berhad's 1-year earnings growth is less than its 5-year average (2% vs 5%)
  • Malayan Banking Berhad's earnings growth has exceeded the MY Banks industry average in the past year (2% vs -2.5%).
Earnings and Revenue History
Malayan Banking Berhad's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Malayan Banking Berhad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:MAYBANK Past Revenue, Cash Flow and Net Income Data
Date (Data in MYR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 22,362.11 8,075.30 11,400.73
2019-06-30 22,105.38 8,033.35 11,159.80
2019-03-31 21,923.82 8,051.49 11,036.35
2018-12-31 22,016.73 8,113.26 11,009.62
2018-09-30 21,685.28 7,919.00 10,754.86
2018-06-30 21,857.73 7,989.35 10,926.08
2018-03-31 21,538.78 7,688.78 10,993.57
2017-12-31 21,210.32 7,520.54 10,993.00
2017-09-30 20,756.54 7,749.04 10,682.84
2017-06-30 20,404.23 7,517.54 10,497.84
2017-03-31 19,631.99 7,019.04 10,363.91
2016-12-31 19,158.14 6,742.99 10,205.52
2016-09-30 18,897.66 6,034.48 10,446.32
2016-06-30 18,721.09 6,137.71 10,406.72
2016-03-31 19,049.82 6,562.31 10,248.06
2015-12-31 19,225.34 6,835.94 10,121.29
2015-09-30 19,090.12 7,115.09 9,908.73
2015-06-30 18,602.98 6,824.26 9,546.05
2015-03-31 18,403.96 6,815.26 9,182.31
2014-12-31 18,053.78 6,716.46 8,873.55
2014-09-30 17,713.67 6,517.32 8,493.38
2014-06-30 17,781.85 6,655.56 8,447.20
2014-03-31 17,746.15 6,647.76 8,579.83
2013-12-31 17,656.11 6,552.39 8,576.56
2013-09-30 16,626.34 6,280.18 8,138.62
2013-06-30 16,325.00 6,035.08 8,165.34
2013-03-31 16,199.49 5,905.25 8,118.12
2012-12-31 15,962.32 5,745.92 8,120.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Malayan Banking Berhad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Malayan Banking Berhad used its assets less efficiently than the MY Banks industry average last year based on Return on Assets.
  • Unable to establish if Malayan Banking Berhad improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Malayan Banking Berhad's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Malayan Banking Berhad has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MAYBANK Health

 How is Malayan Banking Berhad's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Malayan Banking Berhad's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Malayan Banking Berhad Company Filings, last reported 2 months ago.

KLSE:MAYBANK Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 82,038.86 79,139.77 243,144.36
2019-06-30 81,919.37 72,488.89 228,911.76
2019-03-31 80,689.62 74,905.36 231,062.52
2018-12-31 77,737.26 74,874.27 80,766.25
2018-09-30 75,155.93 70,467.46 64,380.98
2018-06-30 74,261.71 66,828.02 85,710.91
2018-03-31 75,482.33 69,126.31 104,135.13
2017-12-31 75,183.61 69,366.07 100,144.66
2017-09-30 74,130.84 71,077.34 99,307.89
2017-06-30 73,277.21 69,203.33 102,636.71
2017-03-31 72,563.52 69,729.24 88,320.51
2016-12-31 70,474.82 70,780.94 93,938.93
2016-09-30 67,607.06 64,007.30 88,635.08
2016-06-30 65,206.79 66,744.58 102,969.17
2016-03-31 63,926.74 61,487.81 94,809.38
2015-12-31 63,513.46 69,321.18 96,941.75
2015-09-30 61,400.84 67,824.55 80,411.29
2015-06-30 58,237.66 53,380.94 80,402.26
2015-03-31 57,431.25 51,851.23 98,131.73
2014-12-31 54,741.18 48,551.31 92,469.96
2014-09-30 51,815.46 41,973.90 81,724.45
2014-06-30 50,686.65 40,379.58 73,230.56
2014-03-31 50,028.88 42,208.51 72,664.37
2013-12-31 47,742.60 39,563.73 71,158.33
2013-09-30 46,452.84 37,557.30 70,144.98
2013-06-30 46,360.89 37,370.34 78,458.12
2013-03-31 45,166.61 34,827.72 76,163.40
2012-12-31 43,814.80 32,751.64 72,638.47
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Malayan Banking Berhad has an acceptable proportion of non-loan assets held.
  • Malayan Banking Berhad's liabilities are made up of primarily low risk sources of funding.
  • Loans at Malayan Banking Berhad are broadly funded by customer deposits.
  • Malayan Banking Berhad's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Malayan Banking Berhad has a low allowance for bad loans.
  • Malayan Banking Berhad has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Malayan Banking Berhad's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Malayan Banking Berhad has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MAYBANK Dividends

 What is Malayan Banking Berhad's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.68%
Current annual income from Malayan Banking Berhad dividends. Estimated to be 6.8% next year.
If you bought MYR2,000 of Malayan Banking Berhad shares you are expected to receive MYR134 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Malayan Banking Berhad's pays a higher dividend yield than the bottom 25% of dividend payers in Malaysia (1.97%).
  • Malayan Banking Berhad's dividend is above the markets top 25% of dividend payers in Malaysia (4.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KLSE:MAYBANK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Malaysia Banks Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.8%
Malaysia Market Average Dividend Yield Market Cap Weighted Average of 463 Stocks 3.6%
Malaysia Minimum Threshold Dividend Yield 10th Percentile 1.2%
Malaysia Bottom 25% Dividend Yield 25th Percentile 2%
Malaysia Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KLSE:MAYBANK Future Dividends Estimate Data
Date (Data in MYR) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.61 17.00
2020-12-31 0.58 19.00
2019-12-31 0.56 19.00
2019-12-05
KLSE:MAYBANK Past Annualized Dividends Data
Date (Data in MYR) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.570 6.493
2018-09-18 0.570 6.023
2018-05-23 0.550 5.702
2017-09-18 0.550 5.551
2017-04-20 0.520 5.442
2016-04-20 0.540 6.594
2015-09-25 0.570 6.664
2015-04-10 0.570 6.322
2014-09-12 0.550 5.933
2014-04-16 0.535 5.388
2013-09-11 0.555 5.659
2013-04-12 0.650 6.395
2012-08-16 0.680 7.477
2012-04-18 0.720 8.249
2011-08-23 0.600 7.120
2011-02-22 0.720 8.192
2010-08-23 0.550 6.310
2010-05-13 0.220 2.902
2010-02-10 0.220 2.994
2009-08-25 0.080 1.180
2009-05-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Malayan Banking Berhad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Malayan Banking Berhad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Malayan Banking Berhad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Malayan Banking Berhad has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MAYBANK Management

 What is the CEO of Malayan Banking Berhad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Encik Abdul bin Alias
COMPENSATION MYR9,599,293
AGE 51
TENURE AS CEO 6.3 years
CEO Bio

Mr. Abdul Farid bin Alias, DMSM, DPN has been the Group President at Malayan Banking Berhad (also known as Maybank Group) since August 2, 2013 and serves as its Chief Executive Officer. Mr. bin Alias served as Acting Group Head of Global Banking at Malayan Banking Berhad. He served as the Head of International Business, Deputy President and Head of Global Banking of Malayan Banking Berhad from July 1, 2010 to August 2013. He rejoined Malayan Banking Berhad on January 1, 2010 and served as its Head of Global Wholesale Banking from July 01, 2010 to August 2013. He served in the investment banking and capital markets at Schroders and JP Morgan, as well as at Malaysian International Merchant Bankers and Khazanah Nasional Berhad, where he served as an Investment Director from 2005 to 2008. He was J.P. Morgan from 1997 to 2005. He started his career at Maybank Group in Aseambankers in 1992. He served as a Director of Maybank Philippines Inc. He has been a Non-Executive Director of Cagamas Holdings Berhad since June 6, 2013. He was Malaysian International Merchant Bankers Berhad from 1996 to 1997. He has been the President Commissioner and Commissioner of PT Bank Maybank Indonesia Tbk (formerly PT Bank Internasional Indonesia Tbk) since December 12, 2017 and November 11, 2013 respectively. He has been an Executive Director of Malayan Banking Berhad since August 2, 2013. He served as a Director of Maybank Kim Eng Holdings Limited. He served as a Non-Independent & Non-Executive Director of UEM Builders Berhad since October 20, 2005. He served as a Commissioner of PT XL Axiata Tbk from December 2005 to 2011. He served as a Non Independent & Non Executive Director of Plus Expressways Bhd from February 27, 2008 to December 31, 2008. He served as a Non-Independent & Non-Executive Director of UEM World Berhad since February 14, 2008. He served as a Member of Audit Committee at PT Bank CIMB Niaga Tbk until January 30, 2009. He served as a Director of MCB Bank Ltd. from March 2009 to October 1, 2013. He served as a Director of An Binh Commercial Joint Stock BANK. He serves as Chairman of Investment Committee of Etiqa Takaful Berhad. He served as Commissioner of PT Bank Lippo Tbk. He is Director of Maybank Ageas Holdings Berhad. He is Chairman of The Association of Banks in Malaysia, Vice Chairman of Asian Institute of Chartered Bankers, Director of Cagamas Holdings Berhad, Member of the ASEAN Banking Council, Member of the Asian Bankers Association Policy Advocacy Committee, Member of Visa Asia Pacific Senior Client Council, Investment Panel of Kumpulan Wang Persaraan (Diperbadankan), Member of the Emerging Markets Advisory Council of the Institute of International Finance, Washington DC, Member of ASEAN Business Advisory Council Malaysia, Director of Asian Banking School Sdn Bhd, Director of STF Resources Sdn Bhd and Director of Payments Network Malaysia Sdn Bhd. He was Chairman of Malaysian Electronic Payment System Sdn Bhd from November 2013 to August 2017. He was Director of Maybank Investment Bank Berhad from June 2011 to August 2017. He is Chartered Banker of Asian Institute of Chartered Banker. Mr. bin Alias graduated from University of Denver in 1991 with an M.B.A. in Finance and from Pennsylvania State University in 1990 with a B.Sc. degree in Accounting with a minor in Economics. He attended Harvard Business School's Advanced Management Programme in 2013.

CEO Compensation
  • Encik Abdul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Encik Abdul's remuneration is about average for companies of similar size in Malaysia.
Management Team Tenure

Average tenure and age of the Malayan Banking Berhad management team in years:

5.3
Average Tenure
51.5
Average Age
  • The average tenure for the Malayan Banking Berhad management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Encik Abdul bin Alias

TITLE
Group President
COMPENSATION
MYR10M
AGE
51
TENURE
6.3 yrs

Amirul Feisal Bin Wan Zahir

TITLE
Group Chief Financial Officer
AGE
49
TENURE
3.4 yrs

Jerome Hon

TITLE
Group Chief Operations Officer
AGE
52
TENURE
6 yrs

Mohd Suhail Suresh Bin Abdullah

TITLE
Group Chief Technology Officer
AGE
56
TENURE
4.7 yrs

Jeeva Arulampalam

TITLE
Head of Group Investor Relations

Mohd Ghazali

TITLE
Head of Corporate & Legal Services and Executive Vice President

Daniel Wong

TITLE
Group Chief Compliance Officer

Nora Manaf

TITLE
Group Chief Human Capital Officer
AGE
55
TENURE
1.3 yrs

Michael Foong

TITLE
Group Chief Strategy Officer & CEO of International Operations
AGE
51
TENURE
8.2 yrs

Yee Wong

TITLE
Head of Capital Management
Board of Directors Tenure

Average tenure and age of the Malayan Banking Berhad board of directors in years:

3.9
Average Tenure
55.5
Average Age
  • The tenure for the Malayan Banking Berhad board of directors is about average.
Board of Directors

Mohaiyani Binti Shamsudin

TITLE
Independent Chairman of the Board
COMPENSATION
MYR1M
AGE
70
TENURE
2.7 yrs

Encik Abdul bin Alias

TITLE
Group President
COMPENSATION
MYR10M
AGE
51
TENURE
6.3 yrs

Ahcene Lahsasna

TITLE
AGE
49

Taswin Zakaria

TITLE
President Director of PT Bank Maybank Indonesia Tbk
AGE
51
TENURE
6.1 yrs

Karunakaran Ramasamy

TITLE
Senior Independent Non-Executive Director
COMPENSATION
MYR648K
AGE
69

Edwin Gerungan

TITLE
Independent Non-Executive Director
COMPENSATION
MYR650K
AGE
71
TENURE
4.3 yrs

Shariffuddin Bin Khalid

TITLE
Independent & Non Executive Director
COMPENSATION
MYR374K
AGE
54
TENURE
1.5 yrs

Zul bin Abdul Hamid

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.3 yrs

Kee Cheng

TITLE
Non-Independent Non-Executive Director
COMPENSATION
MYR764K
AGE
54
TENURE
5.1 yrs

Hasnita Hashim

TITLE
Independent Non-Executive Director
COMPENSATION
MYR594K
AGE
57
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (MYR) Value (MYR)
X
Management checks
We assess Malayan Banking Berhad's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Malayan Banking Berhad has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MAYBANK News

Simply Wall St News

MAYBANK Company Info

Description

Malayan Banking Berhad provides commercial banking and related financial services for individuals, retail, corporate, and institutional clients in Malaysia, Singapore, Indonesia, and internationally. The company operates through three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current and money market accounts; and housing and personal loans, project financing, overdrafts, and trade financing. The company also offers credit cards; bancassurance products; hire purchases, unit trusts, cash management, custodian, and trustee services; and treasury activities and services, including foreign exchange, money market, derivatives, and trading of capital market. In addition, it provides investment banking and securities broking services, such as corporate advisory, bond issuance, equity issuance, syndicated acquisition advisory, debt restructuring advisory, and share and futures dealings; and conventional and Islamic investment solutions. Further, the company underwrites general and life insurance businesses, offshore investment life insurance business, and general and family takaful products. Additionally, it offers offshore banking, property leasing and trading, nominee, fund management, property investment, IT shared and development, leasing, and insurance brokerage services. Malayan Banking Berhad was founded in 1960 and is headquartered in Kuala Lumpur, Malaysia.

Details
Name: Malayan Banking Berhad
MAYBANK
Exchange: KLSE
Founded: 1960
MYR95,551,576,039
11,241,361,887
Website: http://www.maybank.com
Address: Malayan Banking Berhad
Menara Maybank,
Level 14,
Kuala Lumpur,
50050,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KLSE MAYBANK Ordinary Shares Bursa Malaysia MY MYR 02. Jan 1992
OTCPK MLYN.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
OTCPK MLYB.Y SPONSORED ADR Pink Sheets LLC US USD 05. May 2005
Number of employees
Current staff
Staff numbers
43,000
Malayan Banking Berhad employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:11
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.