KB Financial Group Inc (KB) vs M&T Bank Corporation (MTB)

KB Financial Group Inc and M&T Bank Corporation are both Banks Regional companies. KB Financial Group Inc is the larger, with a market value of $44.2B against $31.6B — 1.4× the size. KB Financial Group Inc trades at the lower P/E: 10.8× against 11.6×. KB Financial Group Inc grew revenue faster over the last twelve months: 14.3% against 1.00%. M&T Bank Corporation has the higher net margin (21.5% vs 16.4%) and the higher return on invested capital (10.2% vs 0.00%). Both pay a dividend; KB Financial Group Inc yields more (4.98% vs 4.05%). Across the 20 metrics below, M&T Bank Corporation leads on 12 and KB Financial Group Inc on 8.

Valuation

Metric KB MTB Banks Regional median
P/E 10.81 11.60 12.15
P/S 1.73 2.42 2.37
P/B 1.02 1.26 1.21
Price to free cash flow 10.72 8.98 10.80
EV/EBITDA n/m n/m —
EV/Sales (1.98) 2.13 2.27
Earnings yield 9.25% 8.62% 8.11%
Free cash flow yield 9.33% 11.14% 8.98%

Profitability

Metric KB MTB Banks Regional median
Gross margin 57.75% 74.61% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.35% 21.53% 18.66%
Free cash flow margin 16.17% 26.93% 21.18%
Return on equity 9.75% 11.13% 10.64%
Return on assets 0.73% 1.33% 1.13%
Return on invested capital 0.00% 10.18% 8.33%

Growth

Metric KB MTB Banks Regional median
Revenue growth (TTM) 14.28% 1.00% 6.61%
EPS growth (last fiscal year) 15.11% 16.12% —
Revenue growth, 5-year CAGR 8.84% 16.06% 12.30%
Net income growth, 5-year CAGR 4.15% 16.11% 9.71%

Health

Metric KB MTB Banks Regional median
Debt to equity 2.53 0.49 0.22
Current ratio 1.64 0.96 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric KB MTB Banks Regional median
Dividend yield 4.98% 4.05% 3.75%
Payout ratio 0.25 0.29 0.27

Size

Metric KB MTB Banks Regional median
Market cap 44.24b 31.58b 921.07m

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