Popular, Inc. (BPOP) vs Cullen/Frost Bankers, Inc. (CFR)

Popular, Inc. and Cullen/Frost Bankers, Inc. are both Banks Regional companies. Popular, Inc. and Cullen/Frost Bankers, Inc. are of similar size ($10.2B and $9.7B). Popular, Inc. trades at the lower P/E: 10.8× against 14.9×. Popular, Inc. grew revenue faster over the last twelve months: 3.83% against 1.92%. Cullen/Frost Bankers, Inc. has the higher net margin (22.9% vs 21.3%) and the lower return on invested capital (0.00% vs 48.2%). Both pay a dividend; Cullen/Frost Bankers, Inc. yields more (3.68% vs 2.52%). Across the 20 metrics below, Popular, Inc. leads on 11 and Cullen/Frost Bankers, Inc. on 9.

Valuation

Metric BPOP CFR Banks Regional median
P/E 10.84 14.88 12.15
P/S 2.26 3.36 2.37
P/B 1.60 2.20 1.21
Price to free cash flow 12.70 18.11 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.17 1.21 2.27
Earnings yield 9.23% 6.72% 8.11%
Free cash flow yield 7.87% 5.52% 8.98%

Profitability

Metric BPOP CFR Banks Regional median
Gross margin 73.90% 78.50% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.34% 22.90% 18.66%
Free cash flow margin 17.82% 18.54% 21.18%
Return on equity 15.68% 15.72% 10.64%
Return on assets 1.25% 1.27% 1.13%
Return on invested capital 48.20% 0.00% 8.33%

Growth

Metric BPOP CFR Banks Regional median
Revenue growth (TTM) 3.83% 1.92% 6.61%
EPS growth (last fiscal year) 43.69% 11.84% —
Revenue growth, 5-year CAGR 11.27% 14.46% 12.30%
Net income growth, 5-year CAGR 10.50% 14.45% 9.71%

Health

Metric BPOP CFR Banks Regional median
Debt to equity 0.00 0.05 0.22
Current ratio 0.61 0.63 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BPOP CFR Banks Regional median
Dividend yield 2.52% 3.68% 3.75%
Payout ratio 0.16 0.33 0.27

Size

Metric BPOP CFR Banks Regional median
Market cap 10.18b 9.71b 921.07m

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