M&T Bank Corporation
Find Ratings ReportsM & T BANK CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 6.47% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3318.11 | 2617.75 |
EBITDA ($mil) | 1217.32 | 1454.87 |
EBIT ($mil) | 1088.0 | 1353.65 |
Net Income ($mil) | 482.4 | 765.37 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 29800.0 | 26478.96 |
Total Assets ($mil) | 208264.0 | 200729.84 |
Total Debt ($mil) | 14234.0 | 8228.69 |
Equity ($mil) | 26957.0 | 25317.99 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 62.55 | 87.21 |
EBITDA Margin | 36.68 | 55.57 |
Operating Margin | 32.79 | 51.71 |
Sales Turnover | 0.06 | 0.04 |
Return on Assets | 1.31 | 0.99 |
Return on Equity | 9.8 | 7.49 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.35 | 0.25 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 166.14 | 169.27 |
Div / share | 1.3 | 1.2 |
EPS | 2.74 | 4.29 |
Book value / share | 162.26 | 149.57 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1187133.0 | 1002767.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.86 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. 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 8.89 | Peers 17.75 | MTB 5.97 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MTB is trading at a significant discount to 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 8.83 | Peers 13.86 | MTB NM | Peers 1.78 | |||||||||||||||||||||
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 significant 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 0.86 | Peers 8.64 | MTB 36.97 | Peers 24.72 | |||||||||||||||||||||
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. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MTB is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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MTB 1.86 | Peers 4.87 | MTB 47.94 | Peers 44.87 | |||||||||||||||||||||
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. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. MTB is keeping pace with its peers on the basis of sales growth. |
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