M&T Bank Corporation
Find Ratings Reports
M & T BANK CORP's gross profit margin for the first quarter of its fiscal year 2022 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 8.69% from the same quarter last year.
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Income Statement | Q1 FY22 | Q1 FY21 |
---|---|---|
Net Sales ($mil) | 1469.14 | 1522.56 |
EBITDA ($mil) | 773.62 | 888.44 |
EBIT ($mil) | 690.31 | 808.64 |
Net Income ($mil) | 362.17 | 447.25 |
Balance Sheet | Q1 FY22 | Q1 FY21 |
---|---|---|
Cash & Equiv. ($mil) | 37436.84 | 32667.22 |
Total Assets ($mil) | 149863.55 | 150481.06 |
Total Debt ($mil) | 3493.89 | 3557.46 |
Equity ($mil) | 17876.02 | 16446.51 |
Profitability | Q1 FY22 | Q1 FY21 |
---|---|---|
Gross Profit Margin | 97.68 | 99.31 |
EBITDA Margin | 52.65 | 58.35 |
Operating Margin | 46.99 | 53.11 |
Sales Turnover | 0.04 | 0.04 |
Return on Assets | 1.18 | 1.01 |
Return on Equity | 9.49 | 8.9 |
Debt | Q1 FY22 | Q1 FY21 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.16 | 0.18 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q1 FY22 | Q1 FY21 |
---|---|---|
Shares outstanding (mil) | 129.07 | 128.64 |
Div / share | 1.2 | 1.1 |
EPS | 2.62 | 3.33 |
Book value / share | 138.5 | 127.85 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1663117.0 | 1246945.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 13.55 for the Credit Intermediation and Related Activities subsector and a discount compared to the S&P 500 average of 19.86. For additional comparison, its price-to-book ratio of 1.20 indicates a significant discount versus the S&P 500 average of 3.81 and a significant discount versus the subsector average of 5.65. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, M & T BANK CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MTB 12.66 | Peers 13.55 | MTB 7.08 | Peers 17.36 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. MTB is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MTB is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MTB 9.17 | Peers 13.74 | MTB NM | Peers 1.29 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MTB is trading at a discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MTB's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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MTB 1.20 | Peers 5.65 | MTB 15.43 | Peers 65.24 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MTB is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MTB is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MTB 3.53 | Peers 4.77 | MTB -1.66 | Peers 6.69 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MTB is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MTB significantly trails its peers on the basis of sales growth. |
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