Financials Mercantile Bank PLC.

Equities

MERCANBANK

BD0128MCBNK5

Banks

End-of-day quote Dhaka S.E. 06:00:00 2024-05-13 pm EDT 5-day change 1st Jan Change
10.6 BDT -2.75% Intraday chart for Mercantile Bank PLC. -10.17% -20.30%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,669 12,370 12,497 17,668 14,754 14,717
Enterprise Value (EV) 1 33,663 24,100 42,838 41,876 40,898 16,287
P/E ratio 5.02 x 5.57 x 5.61 x 4.94 x 6.28 x 7.15 x
Yield - 8.33% 7.87% 7.31% 7.35% -
Capitalization / Revenue 1.46 x 1.26 x 1.22 x 1.41 x 1.22 x 1.28 x
EV / Revenue 3.36 x 2.46 x 4.2 x 3.34 x 3.38 x 1.42 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.79 x 0.59 x 0.56 x 0.72 x 0.58 x 0.56 x
Nbr of stocks (in thousands) 1,106,575 1,106,575 1,106,575 1,106,575 1,106,575 1,106,575
Reference price 2 13.26 11.18 11.29 15.97 13.33 13.30
Announcement Date 6/1/19 6/8/20 3/15/21 4/10/22 5/2/23 5/6/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,024 9,781 10,205 12,554 12,093 11,500
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 4,284 3,550 2,808 4,431 3,188 2,798
Net income 1 2,924 2,222 2,228 3,574 2,350 2,055
Net margin 29.17% 22.72% 21.84% 28.47% 19.44% 17.87%
EPS 2 2.642 2.008 2.014 3.230 2.124 1.860
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.9316 0.8892 1.167 0.9804 -
Announcement Date 6/1/19 6/8/20 3/15/21 4/10/22 5/2/23 5/6/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 18,995 11,730 30,341 24,208 26,144 1,569
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 16.1% 11.2% 10.3% 15.2% 9.34% 7.89%
ROA (Net income/ Total Assets) 1.05% 0.73% 0.69% 1.03% 0.63% 0.52%
Assets 1 277,187 305,174 324,677 346,387 372,371 393,974
Book Value Per Share 2 16.80 18.90 20.00 22.20 23.20 23.80
Cash Flow per Share 2 5.300 4.140 7.840 6.530 7.720 21.80
Capex 1 588 243 252 1,047 374 251
Capex / Sales 5.86% 2.48% 2.47% 8.34% 3.09% 2.18%
Announcement Date 6/1/19 6/8/20 3/15/21 4/10/22 5/2/23 5/6/24
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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