Investors in PETRONAS Dagangan Berhad (KLSE:PETDAG) had a good week, as its shares rose 3.6% to close at RM20.50 following the release of its full-year results. PETRONAS Dagangan Berhad reported RM38b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of RM1.09 beat expectations, being 3.8% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
View our latest analysis for PETRONAS Dagangan Berhad
Taking into account the latest results, PETRONAS Dagangan Berhad's ten analysts currently expect revenues in 2025 to be RM38.1b, approximately in line with the last 12 months. Statutory per-share earnings are expected to be RM1.08, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of RM38.2b and earnings per share (EPS) of RM1.05 in 2025. So the consensus seems to have become somewhat more optimistic on PETRONAS Dagangan Berhad's earnings potential following these results.
There's been no major changes to the consensus price target of RM19.45, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values PETRONAS Dagangan Berhad at RM24.63 per share, while the most bearish prices it at RM15.20. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await PETRONAS Dagangan Berhad shareholders.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that PETRONAS Dagangan Berhad's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 0.5% growth on an annualised basis. This is compared to a historical growth rate of 13% over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 2.2% per year. So it's clear that despite the slowdown in growth, PETRONAS Dagangan Berhad is still expected to grow meaningfully faster than the wider industry.