M&T Bank Corporation (MTB) vs Shinhan Financial Group Co Ltd (SHG)

M&T Bank Corporation and Shinhan Financial Group Co Ltd are both Banks Regional companies. M&T Bank Corporation and Shinhan Financial Group Co Ltd are of similar size ($31.7B and $29.2B). Shinhan Financial Group Co Ltd trades at the lower P/E: 8.5× against 11.4×. Shinhan Financial Group Co Ltd grew revenue faster over the last twelve months: 12.1% against 0.52%. M&T Bank Corporation has the higher net margin (21.7% vs 14.2%) and the higher return on invested capital (9.51% vs 4.47%). Both pay a dividend; M&T Bank Corporation yields more (2.73% vs 2.55%). Across the 19 metrics below, M&T Bank Corporation leads on 10 and Shinhan Financial Group Co Ltd on 9.

Valuation

Metric MTB SHG Banks Regional median
P/E 11.39 8.50 12.02
P/S 2.52 1.15 2.36
P/B 1.33 0.68 1.23
Price to free cash flow 9.33 2.00 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.78% 11.77% 8.21%
Free cash flow yield 10.72% 50.00% 9.23%

Profitability

Metric MTB SHG Banks Regional median
Gross margin 74.91% 56.27% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.72% 14.18% 18.82%
Free cash flow margin 0.00% 57.45% 17.97%
Return on equity 11.25% 8.55% 10.28%
Return on assets 1.34% 0.66% 1.13%
Return on invested capital 9.51% 4.47% 8.45%

Growth

Metric MTB SHG Banks Regional median
Revenue growth (TTM) 0.52% 12.11% 6.37%
EPS growth (last fiscal year) 16.12% 11.63% 18.85%
Revenue growth, 5-year CAGR 16.06% 11.03% 12.65%
Net income growth, 5-year CAGR 16.11% 4.11% 9.81%

Health

Metric MTB SHG Banks Regional median
Debt to equity 0.48 1.45 0.17
Current ratio 0.89 0.98 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric MTB SHG Banks Regional median
Dividend yield 2.73% 2.55% 2.49%
Payout ratio 0.31 0.22 0.29

Size

Metric MTB SHG Banks Regional median
Market cap 31.74b 29.24b 934.85m

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