M & T BANK CORP (MTB)
US55261F1049 - Common Stock
MTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 405 industry peers in the Banks industry. MTB has a bad profitability rating. Also its financial health evaluation is rather negative. MTB has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
MTB had positive earnings in the past year.
MTB had a positive operating cash flow in the past year.
In the past 5 years MTB has always been profitable.
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 73.45% of its industry peers.
The Return On Equity of MTB (7.83%) is comparable to the rest of the industry.
| 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
The Profit Margin of MTB (24.59%) is better than 61.54% of its industry peers.
MTB's Profit Margin has declined in the last couple of years.
MTB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| 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.
Compared to 1 year ago, MTB has less shares outstanding
Compared to 5 years ago, MTB has more shares outstanding
The debt/assets ratio for MTB is higher compared to a year ago.
2.2 Solvency
MTB has a debt to FCF ratio of 5.64. This is a neutral value as MTB would need 5.64 years to pay back of all of its debts.
MTB has a worse Debt to FCF ratio (5.64) than 64.52% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that MTB is not too dependend on debt financing.
MTB has a worse Debt to Equity ratio (0.49) than 74.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.64 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.36%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MTB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.18%.
The Earnings Per Share has been growing slightly by 4.27% on average over the past years.
The Revenue has decreased by -6.67% in the past year.
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
Based on estimates for the next years, MTB will show a decrease in Earnings Per Share. The EPS will decrease by -2.00% on average per year.
MTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.72% yearly.
EPS Next Y-11.39%
EPS Next 2Y-0.64%
EPS Next 3Y3.74%
EPS Next 5Y-2%
Revenue Next Year-2.99%
Revenue Next 2Y0.26%
Revenue Next 3Y1.58%
Revenue Next 5Y0.72%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.58 indicates a correct valuation of MTB.
Compared to the rest of the industry, the Price/Earnings ratio of MTB is on the same level as its industry peers.
When comparing the Price/Earnings ratio of MTB to the average of the S&P500 Index (29.56), we can say MTB is valued rather cheaply.
With a Price/Forward Earnings ratio of 13.50, MTB is valued correctly.
MTB's Price/Forward Earnings ratio is in line with the industry average.
MTB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.58 | ||
| Fwd PE | 13.5 |
4.2 Price Multiples
MTB's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.64 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)3.42
EPS Next 2Y-0.64%
EPS Next 3Y3.74%
5. Dividend
5.1 Amount
MTB has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
MTB's Dividend Yield is comparable with the industry average which is at 3.02.
Compared to an average S&P500 Dividend Yield of 2.19, MTB has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
5.2 History
On average, the dividend of MTB grows each year by 7.40%, which is quite nice.
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-0.64%
EPS Next 3Y3.74%
M & T BANK CORP
NYSE:MTB (11/25/2024, 8:04:00 PM)
After market: 220.07 -1.88 (-0.85%)221.95
+0.83 (+0.38%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap36.83B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.58 | ||
| Fwd PE | 13.5 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)3.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 7.83% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 24.59% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-12.18%
EPS 3Y18.76%
EPS 5Y
EPS Q2Q%
EPS Next Y-11.39%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.67%
Revenue growth 3Y17.43%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y