MCB BANK LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 213.1 PKR | -0.45% |
|
+0.31% | +23.50% |
| Feb. 06 | MCB Bank Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | MCB Bank Limited Appoints Farid Ahmad as Company Secretary, Effective January 01, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 242,866 | 219,568 | 181,729 | 137,657 | 204,482 | 252,536 | - | - |
| Enterprise Value (EV) 1 | 242,866 | 219,568 | 181,729 | 137,657 | 204,482 | 252,536 | 252,536 | 252,536 |
| P/E ratio | 10.2 x | 7.46 x | 5.83 x | 4.2 x | 3.14 x | 3.77 x | 4.02 x | 4.32 x |
| Yield | 8.3% | 10.8% | 12.4% | 17.2% | - | 17.1% | 16.5% | 16.4% |
| Capitalization / Revenue | 3.81 x | 2.9 x | 2.66 x | 1.43 x | 1.24 x | 1.67 x | 1.65 x | 1.77 x |
| EV / Revenue | 3.81 x | 2.9 x | 2.66 x | 1.43 x | 1.24 x | 1.67 x | 1.65 x | 1.77 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.42 x | 1.14 x | 1.03 x | 0.81 x | - | 1 x | 0.93 x | 0.87 x |
| Nbr of stocks (in thousands) | 1,185,060 | 1,185,060 | 1,185,060 | 1,185,060 | 1,185,060 | 1,185,060 | - | - |
| Reference price 2 | 204.9 | 185.3 | 153.4 | 116.2 | 172.6 | 213.1 | 213.1 | 213.1 |
| Announcement Date | 2/4/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/6/24 | - | - | - |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 63,718 | 75,843 | 68,378 | 95,968 | 165,422 | 151,290 | 152,644 | 142,293 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | 42,488 | 56,648 | 47,803 | - | - | - | - | - |
| Operating Margin | 66.68% | 74.69% | 69.91% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 40,154 | 49,318 | 53,275 | 71,400 | 137,519 | 128,500 | 122,700 | - |
| Net income 1 | 23,868 | 29,410 | 31,180 | 32,700 | 65,105 | 62,758 | 60,402 | 57,861 |
| Net margin | 37.46% | 38.78% | 45.6% | 34.07% | 39.36% | 41.48% | 39.57% | 40.66% |
| EPS 2 | 20.14 | 24.82 | 26.31 | 27.63 | 54.94 | 56.47 | 53.00 | 49.30 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 17.00 | 20.00 | 19.00 | 20.00 | - | 36.40 | 35.10 | 35.00 |
| Announcement Date | 2/4/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/6/24 | - | - | - |
1PKR in Million2PKR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 38,253 | 33,732 | 17,316 | 17,330 | 19,358 | 22,892 | - | - | 28,729 | - | 50,083 | 89,613 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 22,847 | 25,646 | 13,594 | 14,035 | 15,347 | 18,101 | 32,536 | 20,322 | 17,630 | 23,020 | - | - | 38,426 | - | 29,326 |
| Net income | 13,425 | 14,883 | 7,972 | 8,325 | 9,083 | 2,286 | - | 9,246 | 12,085 | 13,000 | - | - | - | - | - |
| Net margin | 35.1% | 44.12% | 46.04% | 48.04% | 46.92% | 9.99% | - | - | 42.07% | - | - | - | - | - | - |
| EPS 2 | 11.33 | 12.56 | 6.730 | 7.020 | 7.660 | 1.930 | 9.590 | 7.800 | 10.23 | 11.02 | - | - | 16.57 | 14.24 | 12.71 |
| Dividend per Share 2 | 5.000 | 9.500 | 4.500 | 5.000 | 5.000 | 4.000 | 9.000 | 5.000 | 6.000 | 6.000 | - | - | 8.000 | - | 9.000 |
| Announcement Date | 8/20/20 | 8/11/21 | 10/27/21 | 2/10/22 | 5/2/22 | 8/25/22 | 8/25/22 | 10/26/22 | 2/9/23 | 4/28/23 | 8/8/23 | 8/8/23 | 10/25/23 | 2/6/24 | - |
1PKR in Million2PKR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.9% | 16.2% | 16.9% | 19.8% | - | 26.1% | 23.3% | 21.8% |
| ROA (Net income/ Total Assets) | 1.49% | 1.68% | 1.55% | - | - | - | - | - |
| Assets 1 | 1,598,677 | 1,751,745 | 2,006,674 | - | - | - | - | - |
| Book Value Per Share 2 | 144.0 | 162.0 | 149.0 | 144.0 | - | 213.0 | 230.0 | 246.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/6/24 | - | - | - |
1PKR in Million2PKR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
213.1
PKR
Average target price
213.4
PKR
Spread / Average Target
+0.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.50% | 907M | |
| +16.61% | 210B | |
| +2.39% | 73.14B | |
| +7.99% | 54.82B | |
| +13.25% | 47B | |
| +1.36% | 47.1B | |
| +19.29% | 44.81B | |
| +10.93% | 36.6B | |
| -16.21% | 35.14B | |
| -96.60% | 32.24B |
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- Financials MCB Bank Limited
