M & T BANK CORP (MTB)

US55261F1049 - Common Stock

145.44  +0.64 (+0.44%)

After market: 145.44 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MTB. MTB was compared to 415 industry peers in the Banks industry. MTB may be in some trouble as it scores bad on both profitability and health. MTB is not valued too expensively and it also shows a decent growth rate. Finally MTB also has an excellent dividend rating.



3

1. Profitability

1.1 Basic Checks

MTB had positive earnings in the past year.
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

Looking at the Return On Assets, with a value of 1.27%, MTB is in the better half of the industry, outperforming 79.28% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.78%, MTB is in line with its industry, outperforming 51.81% of the companies in the same industry.
Industry RankSector Rank
ROA 1.27%
ROE 9.78%
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

MTB's Profit Margin of 27.34% is fine compared to the rest of the industry. MTB outperforms 65.54% of its industry peers.
In the last couple of years the Profit Margin of MTB has declined.
MTB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 27.34%
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

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
MTB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MTB has a worse debt to assets ratio.

2.2 Solvency

The Debt to FCF ratio of MTB is 3.70, which is a good value as it means it would take MTB, 3.70 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MTB (3.70) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.50 indicates that MTB is somewhat dependend on debt financing.
The Debt to Equity ratio of MTB (0.50) is worse than 70.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.7
Altman-Z N/A
ROIC/WACCN/A
WACC12.85%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

4

3. Growth

3.1 Past

MTB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.53%, which is quite impressive.
MTB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.27% yearly.
Looking at the last year, MTB shows a quite strong growth in Revenue. The Revenue has grown by 17.91% in the last year.
The Revenue has been growing by 10.22% on average over the past years. This is quite good.
EPS 1Y (TTM)44.53%
EPS 3Y18.76%
EPS 5Y4.27%
EPS growth Q2Q-15.85%
Revenue 1Y (TTM)17.91%
Revenue growth 3Y17.43%
Revenue growth 5Y10.22%
Revenue growth Q2Q-8.31%

3.2 Future

The Earnings Per Share is expected to decrease by -0.23% on average over the next years.
The Revenue is expected to grow by 0.35% on average over the next years.
EPS Next Y-14.78%
EPS Next 2Y-1.55%
EPS Next 3Y3.71%
EPS Next 5Y-0.23%
Revenue Next Year-4.73%
Revenue Next 2Y-0.83%
Revenue Next 3Y0.82%
Revenue Next 5Y0.35%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.74, the valuation of MTB can be described as reasonable.
66.27% of the companies in the same industry are more expensive than MTB, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MTB to the average of the S&P500 Index (26.48), we can say MTB is valued rather cheaply.
The Price/Forward Earnings ratio is 10.25, which indicates a very decent valuation of MTB.
MTB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MTB is cheaper than 60.72% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.79. MTB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.74
Fwd PE 10.25

4.2 Price Multiples

MTB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MTB is cheaper than 72.53% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.64
EV/EBITDA N/A

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)2.05
EPS Next 2Y-1.55%
EPS Next 3Y3.71%

7

5. Dividend

5.1 Amount

MTB has a Yearly Dividend Yield of 3.57%. Purely for dividend investing, there may be better candidates out there.
MTB's Dividend Yield is comparable with the industry average which is at 3.70.
MTB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 3.57%

5.2 History

The dividend of MTB is nicely growing with an annual growth rate of 7.45%!
MTB has been paying a dividend for at least 10 years, so it has a reliable track record.
MTB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.45%
Div Incr Years7
Div Non Decr Years19

5.3 Sustainability

MTB pays out 36.72% of its income as dividend. This is a sustainable payout ratio.
DP36.72%
EPS Next 2Y-1.55%
EPS Next 3Y3.71%

M & T BANK CORP

NYSE:MTB (3/28/2024, 8:25:54 PM)

After market: 145.44 0 (0%)

145.44

+0.64 (+0.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap24.23B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.57%
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)
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Revenue beat(2)
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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 RankSector Rank
PE 8.74
Fwd PE 10.25
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)2.05
Profitability
Industry RankSector Rank
ROA 1.27%
ROE 9.78%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 27.34%
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 Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.5
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)
Growth
EPS 1Y (TTM)44.53%
EPS 3Y18.76%
EPS 5Y
EPS growth Q2Q
EPS Next Y-14.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.91%
Revenue growth 3Y17.43%
Revenue growth 5Y
Revenue growth 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