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Public Bank Berhad

KLSE:PBBANK
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PBBANK
KLSE
MYR62B
Market Cap
  1. Home
  2. MY
  3. Banks
Company description

Public Bank Berhad engages in the consumer banking, retail commercial lending, and private unit trust businesses. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Public Bank Berhad has significant price volatility in the past 3 months.
PBBANK Share Price and Events
7 Day Returns
0.5%
KLSE:PBBANK
-2.3%
MY Banks
-0.3%
MY Market
1 Year Returns
-29.7%
KLSE:PBBANK
-28.6%
MY Banks
-21.9%
MY Market
PBBANK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Public Bank Berhad (PBBANK) 0.5% -10% -21% -29.7% -20.4% -16.4%
MY Banks -2.3% -15.6% -22.6% -28.6% -21.8% -25.9%
MY Market -0.3% -13.4% -20.9% -21.9% -30% -31.9%
1 Year Return vs Industry and Market
  • PBBANK underperformed the Banks industry which returned -28.6% over the past year.
  • PBBANK underperformed the Market in Malaysia which returned -21.9% over the past year.
Price Volatility
PBBANK
Industry
5yr Volatility vs Market

Value

 Is Public Bank 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 Public Bank 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 Public Bank Berhad.

KLSE:PBBANK 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
= MYR12.44 * 11.7%
MYR1.45
Book Value of Equity per Share Weighted future Book Value estimates from 19 analysts. MYR12.44
Discount Rate (Cost of Equity) See below 12.1%
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:PBBANK
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 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.479 (1 + (1- 24%) (23.85%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.42% + (1.24 * 6.96%)
12.05%

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

The calculations below outline how an intrinsic value for Public Bank 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:PBBANK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 12.05%) * MYR12.44)
MYR-0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= MYR-0.05 / (12.05% - 3.42%)
MYR-0.52
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= MYR12.44 + MYR-0.52
MYR11.92
KLSE:PBBANK Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR11.92
Current discount Discount to share price of MYR15.90
= -1 x (MYR15.90 - MYR11.92) / MYR11.92
-33.4%

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

  • The current share price of Public Bank 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 Public Bank Berhad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Public Bank Berhad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KLSE:PBBANK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MYR MYR1.42
KLSE:PBBANK Share Price ** KLSE (2020-04-06) in MYR MYR15.9
Malaysia Banks Industry PE Ratio Median Figure of 10 Publicly-Listed Banks Companies 7.32x
Malaysia Market PE Ratio Median Figure of 608 Publicly-Listed Companies 11.11x

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

** Primary Listing of Public Bank Berhad.

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

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

= 15.9 ÷ 1.42

11.2x

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

  • Public Bank Berhad is overvalued based on earnings compared to the MY Banks industry average.
  • Public Bank Berhad is overvalued based on earnings compared to the Malaysia market.
Price based on expected Growth
Does Public Bank Berhad's expected growth come at a high price?
Raw Data
KLSE:PBBANK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
1.6%per year
Malaysia Banks Industry PEG Ratio Median Figure of 10 Publicly-Listed Banks Companies 2.11x
Malaysia Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.2x ÷ 1.6%

7.02x

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

  • Public Bank Berhad is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Public Bank Berhad's assets?
Raw Data
KLSE:PBBANK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MYR MYR11.23
KLSE:PBBANK Share Price * KLSE (2020-04-06) in MYR MYR15.9
Malaysia Banks Industry PB Ratio Median Figure of 10 Publicly-Listed Banks Companies 0.71x
Malaysia Market PB Ratio Median Figure of 926 Publicly-Listed Companies 0.55x
KLSE:PBBANK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.9 ÷ 11.23

1.42x

* Primary Listing of Public Bank Berhad.

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

  • Public Bank Berhad is overvalued based on assets compared to the MY Banks industry average.
X
Value checks
We assess Public Bank 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. Public Bank Berhad has a total score of 0/6, 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.

Future Performance

 How is Public Bank 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
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Public Bank Berhad expected to grow at an attractive rate?
  • Public Bank Berhad's earnings growth is positive but not above the low risk savings rate of 3.4%.
Growth vs Market Checks
  • Public Bank Berhad's earnings growth is positive but not above the Malaysia market average.
  • Public Bank Berhad's revenue growth is positive but not above the Malaysia market average.
Annual Growth Rates Comparison
Raw Data
KLSE:PBBANK Future Growth Rates Data Sources
Data Point Source Value (per year)
KLSE:PBBANK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 1.6%
KLSE:PBBANK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 3.6%
Malaysia Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.3%
Malaysia Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Malaysia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Malaysia Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:PBBANK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:PBBANK Future Estimates Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 12,102 5,768 15
2021-12-31 11,572 5,486 19
2020-12-31 11,062 5,294 18
2020-04-06
KLSE:PBBANK Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-12-31 10,897 875 5,512
2019-09-30 10,742 -16,945 5,511
2019-06-30 10,686 -9,160 5,532
2019-03-31 10,654 -9,092 5,595
2018-12-31 10,623 -6,060 5,591
2018-09-30 10,740 -1,333 5,671
2018-06-30 10,728 -2,097 5,692
2018-03-31 10,706 -7,067 5,627
2017-12-31 10,536 -568 5,470
2017-09-30 10,315 -6,946 5,467
2017-06-30 10,052 -8,270 5,301
2017-03-31 9,786 -8,152 5,225

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Public Bank Berhad's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Public Bank Berhad's revenue is expected to grow by 3.6% 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:PBBANK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Public Bank Berhad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:PBBANK Future Estimates Data
Date (Data in MYR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.49 1.61 1.20 14.00
2021-12-31 1.42 1.50 1.07 16.00
2020-12-31 1.36 1.45 1.04 17.00
2020-04-06
KLSE:PBBANK Past Financials Data
Date (Data in MYR Millions) EPS *
2019-12-31 1.42
2019-09-30 1.42
2019-06-30 1.42
2019-03-31 1.44
2018-12-31 1.44
2018-09-30 1.47
2018-06-30 1.47
2018-03-31 1.46
2017-12-31 1.42
2017-09-30 1.42
2017-06-30 1.37
2017-03-31 1.35

*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.
  • Public Bank Berhad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Public Bank 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.
Public Bank Berhad has a total score of 0/6, 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.

Past Performance

  How has Public Bank 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 Public Bank 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.
  • Public Bank Berhad's year on year earnings growth rate has been positive over the past 5 years.
  • Public Bank Berhad's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Public Bank Berhad's 1-year earnings growth is negative, it can't be compared to the MY Banks industry average.
Earnings and Revenue History
Public Bank 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 Public Bank Berhad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KLSE:PBBANK Past Revenue, Cash Flow and Net Income Data
Date (Data in MYR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,897.40 5,511.56 3,691.53
2019-09-30 10,741.95 5,511.05 3,720.25
2019-06-30 10,685.70 5,532.05 3,657.28
2019-03-31 10,653.58 5,595.32 3,543.13
2018-12-31 10,622.55 5,590.61 3,573.49
2018-09-30 10,739.69 5,670.72 3,501.01
2018-06-30 10,727.66 5,691.83 3,510.48
2018-03-31 10,705.68 5,627.43 3,436.58
2017-12-31 10,535.55 5,470.04 3,428.18
2017-09-30 10,315.41 5,467.35 3,419.96
2017-06-30 10,052.11 5,300.74 4,810.30
2017-03-31 9,785.86 5,225.07 2,485.36
2016-12-31 9,703.28 5,206.88 3,211.47
2016-09-30 9,666.89 5,216.52 3,155.03
2016-06-30 9,649.03 5,179.77 1,606.59
2016-03-31 9,539.78 5,120.42 3,000.79
2015-12-31 9,292.47 5,062.15 2,915.16
2015-09-30 8,987.76 4,823.71 4,610.34
2015-06-30 8,832.12 4,813.83 2,709.01
2015-03-31 8,619.74 4,673.42 2,652.80
2014-12-31 8,409.05 4,518.83 2,605.87
2014-09-30 8,182.73 4,290.47 277.42
2014-06-30 7,954.09 4,146.21 2,049.42
2014-03-31 7,884.40 4,113.31 2,013.16
2013-12-31 7,804.52 4,064.68 1,989.00
2013-09-30 7,707.13 4,020.91 291.39
2013-06-30 7,640.10 3,946.31 285.38

*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.
  • Public Bank Berhad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Public Bank Berhad used its assets more efficiently than the MY Banks industry average last year based on Return on Assets.
  • Unable to establish if Public Bank 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 Public Bank 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.
Public Bank 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.

Health

 How is Public Bank 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 Public Bank 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 Public Bank Berhad Company Filings, last reported 3 months ago.

KLSE:PBBANK Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 44,746.20 13,633.83 56,716.13
2019-09-30 43,782.02 13,072.80 53,110.61
2019-06-30 43,564.70 11,189.58 54,614.75
2019-03-31 42,102.90 14,183.27 54,473.41
2018-12-31 42,096.46 17,780.06 19,299.89
2018-09-30 40,931.64 13,931.58 12,771.76
2018-06-30 40,591.50 15,035.83 11,433.03
2018-03-31 38,652.80 13,682.82 12,829.04
2017-12-31 38,445.66 14,133.73 17,542.72
2017-09-30 37,039.96 13,151.62 17,001.52
2017-06-30 36,652.88 15,740.67 20,552.71
2017-03-31 35,349.38 15,619.50 23,274.41
2016-12-31 35,363.77 15,312.80 15,274.68
2016-09-30 33,900.35 13,590.09 24,297.22
2016-06-30 33,471.37 13,671.61 27,336.90
2016-03-31 32,105.32 14,149.47 27,257.18
2015-12-31 32,307.74 12,674.46 23,001.07
2015-09-30 30,750.14 12,990.05 27,344.54
2015-06-30 30,261.73 12,170.61 44,277.76
2015-03-31 29,003.43 12,190.12 40,262.98
2014-12-31 28,874.78 11,915.96 42,198.42
2014-09-30 27,546.15 12,193.49 39,011.68
2014-06-30 22,203.72 12,104.00 47,363.32
2014-03-31 21,167.43 10,639.65 44,940.37
2013-12-31 21,197.20 10,704.42 47,799.70
2013-09-30 20,049.53 10,073.13 47,100.46
2013-06-30 19,728.40 9,232.66 48,474.15
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.
  • Public Bank Berhad has an acceptable proportion of non-loan assets held.
  • Public Bank Berhad's liabilities are made up of primarily low risk sources of funding.
  • Loans at Public Bank Berhad are broadly funded by customer deposits.
  • Public Bank Berhad's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Public Bank Berhad has a sufficient allowance for bad loans.
  • Public Bank Berhad has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Public Bank 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. Public Bank Berhad has a total score of 6/6, 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.

Dividends

 What is Public Bank 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
4.59%
Current annual income from Public Bank Berhad dividends. Estimated to be 4.7% next year.
If you bought MYR2,000 of Public Bank Berhad shares you are expected to receive MYR92 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?
  • Public Bank Berhad's pays a higher dividend yield than the bottom 25% of dividend payers in Malaysia (2.55%).
  • Public Bank Berhad's dividend is below the markets top 25% of dividend payers in Malaysia (6.67%).
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:PBBANK 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 6.4%
Malaysia Market Average Dividend Yield Market Cap Weighted Average of 467 Stocks 4.2%
Malaysia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Malaysia Bottom 25% Dividend Yield 25th Percentile 2.6%
Malaysia Top 25% Dividend Yield 75th Percentile 6.7%

Industry and Market average data is calculated daily.

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

KLSE:PBBANK Future Dividends Estimate Data
Date (Data in MYR) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.78 15.00
2021-12-31 0.75 18.00
2020-12-31 0.72 19.00
2020-04-06
KLSE:PBBANK Past Annualized Dividends Data
Date (Data in MYR) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.730 4.624
2019-08-14 0.700 3.598
2019-02-20 0.690 2.994
2018-08-15 0.660 2.658
2018-02-22 0.610 2.571
2017-07-25 0.590 2.850
2017-02-02 0.580 2.885
2016-07-28 0.580 2.933
2016-02-03 0.560 2.953
2015-07-30 0.550 3.019
2015-03-05 0.540 2.854
2015-02-05 0.540 2.916
2014-03-06 0.520 2.720
2014-02-05 0.520 2.722
2013-07-23 0.520 2.871
2013-02-21 0.500 3.024
2013-02-06 0.500 3.148
2012-01-30 0.480 3.329
2011-02-18 0.580 4.473
2011-01-25 0.580 4.370
2010-07-20 0.438 3.473
2010-01-21 0.550 4.695

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 Public Bank Berhad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Public Bank Berhad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Public Bank Berhad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Public Bank Berhad has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Public Bank 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
Ah Lek Tay
COMPENSATION MYR33,705,000
AGE 76
TENURE AS CEO 17.8 years
CEO Bio

Tan Sri Dato’ Sri Ah Lek Tay, PSM, SSAP, PJN, DIMP, KMN,MBA (Henley); EFMIM (M’sia); Fellow, Charted Banker, AICB; FCPA (Aust);F Fin (Aust), has been the Managing Director and Chief Executive Officer of Public Bank Berhad since July 1, 2002. He is a Non-Independent Non-Executive Director at Public Investment Bank Bhd. He serves as a Portfolio Manager PB series of Funds and Public series of Funds Complex. He served as a Managing Director at PBFIN Berhad. He has 42 years experience in the banking and finance industry. He joined Public Bank Group as a pioneer staff in 1966. He served as Portfolio Manager of PB Capital Protected Dragon Fund. He served as the Executive Vice President of Public Bank from 1995 to 1997 and also served as Executive Vice President of Public Finance. He has been a Non-Executive Director of Public Bank Berhad since June 18, 1997 and PBFIN Berhad since March 20, 1996. He has been a Non-Independent Non-Executive Director of Malaysian Electronic Payment System Sdn. Bhd since 1997. He serves as a Director at Public Bank Group, Public Islamic Bank Berhad, Public Merchant Bank Bhd, Public Mutual Bhd and JCG Holdings Ltd. He serves as a Director of Public Bank (L) Ltd., the offshore bank in Public Bank Group. He serves as a Director of ASEAN Finance Corporation Ltd. and Financial Mediation Bureau. He has been a Non Executive Director of Cagamas Holdings Berhad since August 12, 2011. He serves as a Non-Executive Director of Public Bank (Hong Kong) Limited. He serves as a Director of Public Merchant Bank Bhd of Public Bank Berhad. He serves a Director of Malaysian Electronic Payment System Sdn Bhd. He served as a Non-Executive Director at Public Financial Holdings Limited from January 1995 to April 21, 2014. He is the Chairman of the Association of Finance Companies of Malaysia and Honorary Advisor to the Association of Hire Purchase Companies Malaysia. He served as a Director of Cambodian Public Bank Plc. He serves as a Non Executive Director at Public Islamic Bank Berhad. He is a Council Member of the National Economic Action Council and the National Payments Advisory Board. He is a Member of the Court of Fellows of the Malaysian Institute of Management. He is a Fellow of the Financial Services Institute of Australasia, the Institute of Bankers Malaysia. He is a Member of the Economic Council Working Group Sub-Committee on Housing, Stock Market and Banking. He holds a Master's degree in Business Administration from Henley, United Kingdom and he attended the Advanced Management Program at Harvard Business School.

CEO Compensation
  • Ah Lek's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Insufficient data for Ah Lek to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Public Bank Berhad management team in years:

6.5
Average Tenure
61
Average Age
  • The average tenure for the Public Bank Berhad management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ah Lek Tay

TITLE
MD, CEO & Director
COMPENSATION
MYR34M
AGE
76
TENURE
17.8 yrs

Sook Ling Yik

TITLE
Chief Financial Officer
AGE
50
TENURE
7.8 yrs

Sulaiman Bin Abd Manap

TITLE
Senior Chief Operating Officer
AGE
61
TENURE
7.8 yrs

Siew Chang

TITLE
Senior Chief Operating Officer
AGE
51
TENURE
6.5 yrs

Denise Fong

TITLE
Senior Executive

Shien Tan

TITLE
Chief Compliance Officer
AGE
47
TENURE
3.1 yrs

Dato Abd bin Md Dali

TITLE
Senior General Manager of Public Affairs Division
AGE
64
TENURE
26.3 yrs

Kat Kiam Chang

TITLE
Deputy Chief Executive Officer
AGE
64
TENURE
4.3 yrs

Then Lim

TITLE
Group Chief Internal Auditor
AGE
63
TENURE
6.5 yrs

Ying Phan

TITLE
Regional Head of Indo-China Operations
AGE
56
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the Public Bank Berhad board of directors in years:

1.3
Average Tenure
67
Average Age
  • The average tenure for the Public Bank Berhad board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wan Lai

TITLE
Independent Non-Executive Chairman
COMPENSATION
MYR785K
AGE
75
TENURE
1.3 yrs

Ah Lek Tay

TITLE
MD, CEO & Director
COMPENSATION
MYR34M
AGE
76
TENURE
22.8 yrs

Hong Piow Teh

TITLE
Founder
COMPENSATION
MYR41M
AGE
89
TENURE
1.3 yrs

Wai Lai

TITLE
Independent Non-Executive Director
COMPENSATION
MYR639K
AGE
64
TENURE
7.9 yrs

Kim Cheah

TITLE
Independent Non-Executive Director
COMPENSATION
MYR704K
AGE
61
TENURE
6 yrs

Mohd Hanif bin Mohamed

TITLE
Independent Non-Executive Director
AGE
67
TENURE
1.3 yrs

Chin Guan Lee

TITLE
Non-Independent Non-Executive Director
COMPENSATION
MYR40K
AGE
61
TENURE
1.3 yrs

Wing Chew Tang

TITLE
Non Independent Non Executive Director
COMPENSATION
MYR690K
AGE
74
TENURE
9.1 yrs

Chai Tham

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.8 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 Public Bank 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. Public Bank 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.

News

Simply Wall St News

Company Info

Description

Public Bank Berhad engages in the consumer banking, retail commercial lending, and private unit trust businesses. The company’s deposit products include savings, current, fixed deposit, foreign currency, and gold investment accounts; and safe deposit box services. Its loan portfolio comprises home, SWIFT, UNIFLEX, working capital, SME, and other loans; overdrafts; project and vehicle financing; PB retail negotiable instruments of deposit; and credit guarantee corporation guarantee schemes and BNM funds. The company also provides Islamic banking, share broking, trustee services, nominee services, unit trust funds sales and management, bancassurance, and general insurance products and services. In addition, it offers mobile, Internet, and self-service banking services; credit and debit card, and remittance services; and investment products and services, such as structured product investment and share trading/margin financing. Further, the company provides insurance products, including single premium investment-linked, family and savings, micro protection, and credit life insurance products. Additionally, it offers cash management services, such as account management, collection, and payment services. The company operates through a network of 265 branches and 2,100 self-service terminals in Malaysia, 77 branches in Hong Kong, 4 branches in the People’s Republic of China, 31 branches in Cambodia, 18 branches in Vietnam, 4 branches in Laos, and 3 branches in Sri Lanka. It serves retail consumers, and small and medium enterprises. Public Bank Berhad was founded in 1966 and is headquartered in Kuala Lumpur, Malaysia.

Details
Name: Public Bank Berhad
PBBANK
Exchange: KLSE
Founded: 1966
MYR61,725,999,717
3,882,138,347
Website: http://www.pbebank.com
Address: Public Bank Berhad
Menara Public Bank,
146 Jalan Ampang,
Kuala Lumpur,
50450,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KLSE PBBANK Ordinary Shares Bursa Malaysia MY MYR 24. Mar 1988
OTCPK PBLO.F Ordinary Shares Pink Sheets LLC US USD 24. Mar 1988
Number of employees
Current staff
Staff numbers
18,721
Public Bank Berhad employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 14:31
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/05
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.