XTRA:MBK

Stock Analysis Report

Merkur Bank KGaA

Executive Summary

Merkur Bank KGaA provides various banking products and services primarily in Germany.


Snowflake Analysis

Proven track record with reasonable growth potential.

Share Price & News

How has Merkur Bank KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

MBK

3.2%

DE Banks

4.3%

DE Market


1 Year Return

-5.1%

MBK

-37.3%

DE Banks

-14.2%

DE Market

Return vs Industry: MBK exceeded the German Banks industry which returned -42.5% over the past year.

Return vs Market: MBK exceeded the German Market which returned -20.9% over the past year.


Shareholder returns

MBKIndustryMarket
7 Day-1.8%3.2%4.3%
30 Day-14.9%-12.8%-9.0%
90 Day-12.6%-27.8%-21.6%
1 Year-1.7%-5.1%-35.3%-37.3%-11.7%-14.2%
3 Year18.6%6.8%-40.6%-43.5%-12.3%-19.6%
5 Year54.6%29.9%-41.3%-53.0%-14.0%-25.6%

Price Volatility Vs. Market

How volatile is Merkur Bank KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Merkur Bank KGaA undervalued compared to its fair value and its price relative to the market?

12.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MBK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MBK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MBK is good value based on its PE Ratio (13x) compared to the Banks industry average (15x).

PE vs Market: MBK is good value based on its PE Ratio (13x) compared to the German market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: MBK is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MBK is overvalued based on its PB Ratio (0.9x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is Merkur Bank KGaA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBK's forecast earnings growth (19% per year) is above the savings rate (-0.4%).

Earnings vs Market: MBK's earnings (19% per year) are forecast to grow faster than the German market (14.1% per year).

High Growth Earnings: MBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: MBK's revenue (27.8% per year) is forecast to grow faster than the German market (4% per year).

High Growth Revenue: MBK's revenue (27.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBK's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Merkur Bank KGaA performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBK has high quality earnings.

Growing Profit Margin: MBK's current net profit margins (10.1%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: MBK's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: MBK's earnings growth over the past year (11.7%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: MBK earnings growth over the past year (11.7%) exceeded the Banks industry 0.7%.


Return on Equity

High ROE: MBK's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is Merkur Bank KGaA's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MBK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MBK has a sufficient allowance for bad loans.

Low Risk Liabilities: MBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: MBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MBK's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if MBK has an appropriate level of bad loans.


Next Steps

Dividend

What is Merkur Bank KGaA's current dividend yield, its reliability and sustainability?

3.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MBK's dividend (3.83%) is higher than the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: MBK's dividend (3.83%) is low compared to the top 25% of dividend payers in the German market (4.85%).


Stability and Growth of Payments

Stable Dividend: MBK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MBK's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), MBK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MBK's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.7yrs

Average management tenure


CEO

Marcus Lingel

11.67s

Tenure

Dr. Marcus Lingel serves as the Chief Executive Officer and Head of Personnel, Legal, Treasury Pr, Marketing Sales, Financing, Leasing Re-Financing, Corporate & Private Customers at Merkur Bank KGaA and al ...


Leadership Team

NamePositionTenureCompensationOwnership
Marcus Lingel
Chairman of Management Board & CEO11.67yrsno datano data
Claus Herrmann
MD & Executive Board Member18.25yrsno datano data
Andreas E. Maurer
Member of the Management Board0.67yrno datano data
Marcus Lancaster
Investor Relations Professionalno datano datano data
Siegfried Lingel
Honorary General Counselno datano datano data
Wolfgang Genczler
Head of Region Saxony / Thuringia & Corporate Clients Mittelstand Bayernno datano datano data
Helene Mödl
Head of Region Bavariano datano datano data
Andreas Opitz
Head of Property Customers - Saxony & Thuringiano datano datano data
Holger Mai
Head of Private Customersno datano datano data
André Danielowsky
Head of Corporate Customer Property Developerno datano datano data

11.7yrs

Average Tenure

Experienced Management: MBK's management team is seasoned and experienced (11.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jürgen Schrempp
Supervisory Board Member6.83yrsno datano data
Rainer Neumann
Supervisory Board Member2.83yrsno datano data
Rolf Friedhofen
Supervisory Board Member4yrsno datano data
Wolfgang Traut
Chairman of the Supervisory Board4yrsno datano data
Pia Wembacher
Supervisory Board Member6.83yrsno datano data
Otto Kieninger
Supervisory Board Vice Chairman4yrsno datano data

4.0yrs

Average Tenure

68yo

Average Age

Experienced Board: MBK's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Merkur Bank KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Merkur Bank KGaA
  • Ticker: MBK
  • Exchange: XTRA
  • Founded: 1959
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €59.358m
  • Shares outstanding: 7.11m
  • Website: https://www.merkur-bank.de

Number of Employees


Location

  • Merkur Bank KGaA
  • Bayerstr. 33
  • Munich
  • Bavaria
  • 80335
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBKDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 1999
MBKXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 1999
MBK1MUN (Boerse Muenchen)NPV (NEW SHS)DEEURSep 2019

Biography

Merkur Bank KGaA provides various banking products and services primarily in Germany. The company accepts savings accounts, as well as fixed, fund, and time deposits; and offers call money services. It also provides SME financing, developers funding, and lease refinancing services; credit cards; and various finds, such as equity, real estate, bond, and balanced funds. In addition, the company offers securities and investment advisory services; and bonds. Merkur Bank KGaA was founded in 1959 and is based in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 22:45
End of Day Share Price2020/04/07 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.