Financials Mercantile Bank PLC.

Equities

MERCANBANK

BD0128MCBNK5

Banks

End-of-day quote Dhaka S.E. 23:00:00 24/04/2024 BST 5-day change 1st Jan Change
11 BDT -0.90% Intraday chart for Mercantile Bank PLC. -3.51% -17.29%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 20,489 14,669 12,370 12,497 17,668 14,754
Enterprise Value (EV) 1 23,100 33,663 24,100 42,838 41,876 40,898
P/E ratio 6.78 x 5.02 x 5.57 x 5.61 x 4.94 x 6.28 x
Yield 6.44% - 8.33% 7.87% 7.31% 7.35%
Capitalization / Revenue 2.09 x 1.46 x 1.26 x 1.22 x 1.41 x 1.22 x
EV / Revenue 2.36 x 3.36 x 2.46 x 4.2 x 3.34 x 3.38 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.16 x 0.79 x 0.59 x 0.56 x 0.72 x 0.58 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 18.52 13.26 11.18 11.29 15.97 13.33
Announcement Date 17/04/18 01/06/19 08/06/20 15/03/21 10/04/22 02/05/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 9,804 10,024 9,781 10,205 12,554 12,093
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 4,346 4,284 3,550 2,808 4,431 3,188
Net income 1 3,020 2,924 2,222 2,228 3,574 2,350
Net margin 30.8% 29.17% 22.72% 21.84% 28.47% 19.44%
EPS 2 2.729 2.642 2.008 2.014 3.230 2.124
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 1.192 - 0.9316 0.8892 1.167 0.9804
Announcement Date 17/04/18 01/06/19 08/06/20 15/03/21 10/04/22 02/05/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,610 18,995 11,730 30,341 24,208 26,144
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 17.5% 16.1% 11.2% 10.3% 15.2% 9.34%
ROA (Net income/ Total Assets) 1.29% 1.05% 0.73% 0.69% 1.03% 0.63%
Assets 1 233,213 277,187 305,174 324,677 346,387 372,371
Book Value Per Share 2 15.90 16.80 18.90 20.00 22.20 23.20
Cash Flow per Share 2 3.070 5.300 4.140 7.840 6.530 7.720
Capex 1 182 588 243 252 1,047 374
Capex / Sales 1.85% 5.86% 2.48% 2.47% 8.34% 3.09%
Announcement Date 17/04/18 01/06/19 08/06/20 15/03/21 10/04/22 02/05/23
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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