M & T BANK CORP (MTB)
US55261F1049 - Common Stock
We assign a fundamental rating of 3 out of 10 to MTB. MTB was compared to 405 industry peers in the Banks industry. MTB may be in some trouble as it scores bad on both profitability and health. MTB is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MTB was profitable.
In the past year MTB had a positive cash flow from operations.
MTB had positive earnings in each of the past 5 years.
In the past 5 years MTB always reported a positive cash flow from operatings.
1.2 Ratios
MTB has a Return On Assets of 1.07%. This is in the better half of the industry: MTB outperforms 73.37% of its industry peers.
MTB's Return On Equity of 7.83% is in line compared to the rest of the industry. MTB outperforms 47.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 7.83% | ||
| ROIC | N/A |
ROA(3y)1.12%
ROA(5y)1.16%
ROE(3y)9.06%
ROE(5y)9.37%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 24.59%, MTB is in the better half of the industry, outperforming 60.80% of the companies in the same industry.
In the last couple of years the Profit Margin of MTB has declined.
The Operating Margin and Gross Margin are not available for MTB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 24.59% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.37%
PM growth 5Y-2.47%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MTB has been reduced compared to 1 year ago.
The number of shares outstanding for MTB has been increased compared to 5 years ago.
MTB has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MTB is 5.64, which is a neutral value as it means it would take MTB, 5.64 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MTB (5.64) is worse than 66.08% of its industry peers.
MTB has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
MTB's Debt to Equity ratio of 0.49 is on the low side compared to the rest of the industry. MTB is outperformed by 76.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.64 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.89%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for MTB have decreased strongly by -12.18% in the last year.
Measured over the past 5 years, MTB shows a small growth in Earnings Per Share. The EPS has been growing by 4.27% on average per year.
MTB shows a decrease in Revenue. In the last year, the revenue decreased by -6.67%.
MTB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.22% yearly.
EPS 1Y (TTM)-12.18%
EPS 3Y18.76%
EPS 5Y4.27%
EPS Q2Q%1.01%
Revenue 1Y (TTM)-6.67%
Revenue growth 3Y17.43%
Revenue growth 5Y10.22%
Sales Q2Q%-0.13%
3.2 Future
The Earnings Per Share is expected to decrease by -1.66% on average over the next years.
The Revenue is expected to grow by 0.84% on average over the next years.
EPS Next Y-11.41%
EPS Next 2Y-0.55%
EPS Next 3Y3.86%
EPS Next 5Y-1.66%
Revenue Next Year-2.96%
Revenue Next 2Y0.55%
Revenue Next 3Y1.85%
Revenue Next 5Y0.84%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MTB is valuated correctly with a Price/Earnings ratio of 12.81.
MTB's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.28, MTB is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.84, the valuation of MTB can be described as very reasonable.
MTB's Price/Forward Earnings is on the same level as the industry average.
MTB's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.53.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.81 | ||
| Fwd PE | 11.84 |
4.2 Price Multiples
MTB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.86 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)3
EPS Next 2Y-0.55%
EPS Next 3Y3.86%
5. Dividend
5.1 Amount
MTB has a Yearly Dividend Yield of 2.83%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.29, MTB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, MTB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
5.2 History
The dividend of MTB is nicely growing with an annual growth rate of 7.40%!
MTB has been paying a dividend for at least 10 years, so it has a reliable track record.
MTB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.4%
Div Incr Years7
Div Non Decr Years25
5.3 Sustainability
MTB pays out 44.68% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.68%
EPS Next 2Y-0.55%
EPS Next 3Y3.86%
M & T BANK CORP
NYSE:MTB (1/14/2025, 8:04:00 PM)
After market: 195.02 0 (0%)195.02
+3.87 (+2.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.03%
Inst Owner Change-0.08%
Ins Owners0.4%
Ins Owner Change-2.39%
Market Cap32.36B
Analysts76.15
Price Target230.08 (17.98%)
Short Float %1.84%
Short Ratio2.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
Dividend Growth(5Y)7.4%
DP44.68%
Div Incr Years7
Div Non Decr Years25
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.41%
Min EPS beat(2)5.44%
Max EPS beat(2)9.39%
EPS beat(4)4
Avg EPS beat(4)10.66%
Min EPS beat(4)3.65%
Max EPS beat(4)24.16%
EPS beat(8)6
Avg EPS beat(8)8.11%
EPS beat(12)8
Avg EPS beat(12)2.35%
EPS beat(16)11
Avg EPS beat(16)3.31%
Revenue beat(2)1
Avg Revenue beat(2)-0.17%
Min Revenue beat(2)-0.43%
Max Revenue beat(2)0.09%
Revenue beat(4)1
Avg Revenue beat(4)-6.22%
Min Revenue beat(4)-13%
Max Revenue beat(4)0.09%
Revenue beat(8)4
Avg Revenue beat(8)-1.59%
Revenue beat(12)4
Avg Revenue beat(12)-2.15%
Revenue beat(16)6
Avg Revenue beat(16)-1.44%
PT rev (1m)2.14%
PT rev (3m)25.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.77%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)2.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.6%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.81 | ||
| Fwd PE | 11.84 | ||
| P/S | 3.52 | ||
| P/FCF | 12.86 | ||
| P/OCF | 11.83 | ||
| P/B | 1.12 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | N/A |
EPS(TTM)15.22
EY7.8%
EPS(NY)16.47
Fwd EY8.44%
FCF(TTM)15.16
FCFY7.77%
OCF(TTM)16.48
OCFY8.45%
SpS55.41
BVpS174.04
TBVpS122.37
PEG (NY)N/A
PEG (5Y)3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 7.83% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.59% | ||
| GM | N/A | ||
| FCFM | 27.36% |
ROA(3y)1.12%
ROA(5y)1.16%
ROE(3y)9.06%
ROE(5y)9.37%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.37%
PM growth 5Y-2.47%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 59.6% | ||
| Cap/Sales | 2.38% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 111.25% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC11.89%
ROIC/WACCN/A
Cap/Depr(3y)65.69%
Cap/Depr(5y)69.57%
Cap/Sales(3y)2.59%
Cap/Sales(5y)2.71%
Profit Quality(3y)171.1%
Profit Quality(5y)135.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.18%
EPS 3Y18.76%
EPS 5Y4.27%
EPS Q2Q%1.01%
EPS Next Y-11.41%
EPS Next 2Y-0.55%
EPS Next 3Y3.86%
EPS Next 5Y-1.66%
Revenue 1Y (TTM)-6.67%
Revenue growth 3Y17.43%
Revenue growth 5Y10.22%
Sales Q2Q%-0.13%
Revenue Next Year-2.96%
Revenue Next 2Y0.55%
Revenue Next 3Y1.85%
Revenue Next 5Y0.84%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year4.06%
EBIT Next 3Y3.54%
EBIT Next 5YN/A
FCF growth 1Y-39.07%
FCF growth 3Y80.85%
FCF growth 5Y12.87%
OCF growth 1Y-36.66%
OCF growth 3Y70.4%
OCF growth 5Y13.32%