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MCBG

MCB GroupMUSE:MCBG.N0000 Stock Report

Market Cap

MU₨78.7b

7D

3.8%

1Y

56.6%

Updated

25 Oct, 2021

Data

Company Financials
MCBG.N0000 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

MCBG.N0000 Overview

MCB Group Limited, together with its subsidiaries, provides various banking and financial products and services for individuals and corporate clients in Mauritius and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for MCB Group
Historical stock prices
Current Share PriceMU₨325.00
52 Week HighMU₨205.00
52 Week LowMU₨330.00
Beta0.46
1 Month Change6.91%
3 Month Change13.44%
1 Year Change56.63%
3 Year Change18.18%
5 Year Change52.58%
Change since IPO51.16%

Recent News & Updates

Shareholder Returns

MCBG.N0000MU BanksMU Market
7D3.8%0.08%0.7%
1Y56.6%23.5%14.7%

Return vs Industry: MCBG.N0000 exceeded the MU Banks industry which returned 23.5% over the past year.

Return vs Market: MCBG.N0000 exceeded the MU Market which returned 14.7% over the past year.

Price Volatility

Is MCBG.N0000's price volatile compared to industry and market?
MCBG.N0000 volatility
MCBG.N0000 Beta0.46
Industry Beta0.67
Market Beta1

Stable Share Price: MCBG.N0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MCBG.N0000's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18383,729Jean-Michel Ng Tseunghttps://www.mcbgroup.com

MCB Group Limited, together with its subsidiaries, provides various banking and financial products and services for individuals and corporate clients in Mauritius and internationally. The company operates through three segments: Banking, Non-Banking Financial, and Other Investments. It provides factoring and leasing services; and corporate finance advisory, asset management, stock broking, private equity, and registry services.

MCB Group Fundamentals Summary

How do MCB Group's earnings and revenue compare to its market cap?
MCBG.N0000 fundamental statistics
Market CapMU₨78.71b
Earnings (TTM)MU₨8.02b
Revenue (TTM)MU₨17.64b

9.7x

P/E Ratio

1.1x

P/B Ratio

Is MCBG.N0000 overvalued?

See Fair Value and valuation analysis


Dividends

5.8%

Current Dividend Yield

50%

Payout Ratio

Does MCBG.N0000 pay a reliable dividends?

See MCBG.N0000 dividend history and benchmarks
When do you need to buy MCBG.N0000 by to receive an upcoming dividend?
MCB Group dividend dates
Ex Dividend DateNov 22 2021
Dividend Pay DateDec 21 2021
Days until Ex dividend27 days
Days until Dividend pay date56 days

Does MCBG.N0000 pay a reliable dividends?

See MCBG.N0000 dividend history and benchmarks

Valuation

Is MCB Group undervalued compared to its fair value and its price relative to the market?

9.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MCBG.N0000 (MUR325) is trading above our estimate of fair value (MUR122.93)

Significantly Below Fair Value: MCBG.N0000 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MCBG.N0000 is poor value based on its PE Ratio (9.7x) compared to the African Banks industry average (6.7x).

PE vs Market: MCBG.N0000 is good value based on its PE Ratio (9.7x) compared to the MU market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCBG.N0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCBG.N0000 is overvalued based on its PB Ratio (1.1x) compared to the XF Banks industry average (0.9x).


Future Growth

How is MCB Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MCB Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has MCB Group performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCBG.N0000 has high quality earnings.

Growing Profit Margin: MCBG.N0000's current net profit margins (45.5%) are lower than last year (46.9%).


Past Earnings Growth Analysis

Earnings Trend: MCBG.N0000's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: MCBG.N0000's earnings growth over the past year (1.4%) is below its 5-year average (4.6% per year).

Earnings vs Industry: MCBG.N0000 earnings growth over the past year (1.4%) underperformed the Banks industry 11%.


Return on Equity

High ROE: MCBG.N0000's Return on Equity (10.9%) is considered low.


Financial Health

How is MCB Group'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: MCBG.N0000's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: MCBG.N0000 has a low allowance for bad loans (77%).

Low Risk Liabilities: 83% of MCBG.N0000's liabilities are made up of primarily low risk sources of funding.

Loan Level: MCBG.N0000 has an appropriate level of Loans to Assets ratio (46%).

Low Risk Deposits: MCBG.N0000's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: MCBG.N0000 has a high level of bad loans (4.3%).


Dividend

What is MCB Group current dividend yield, its reliability and sustainability?

5.85%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 26 2021Ex Dividend DateNov 22 2021Dividend Pay DateDec 21 202129 days from Ex DividendBuy in the next 27 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MCBG.N0000's dividend (5.85%) is higher than the bottom 25% of dividend payers in the MU market (2.05%).

High Dividend: MCBG.N0000's dividend (5.85%) is in the top 25% of dividend payers in the MU market (3.47%)


Stability and Growth of Payments

Stable Dividend: MCBG.N0000 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MCBG.N0000's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (50%), MCBG.N0000's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

Jean-Michel Ng Tseung (53 yo)

0.083

Tenure

MU₨28,619,000

Compensation

Mr. Jean-Michel Ng Tseung has been a Chief Executive Officer of MCB Group Limited since September 1, 2021. He serves as a Director of Mauritius Commercial Bank (Madagascar) SA. Mr. Ng Tseung served as Head...


Leadership Team

Experienced Management: MCBG.N0000's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: MCBG.N0000's board of directors are considered experienced (5.5 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

MCB Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MCB Group Limited
  • Ticker: MCBG.N0000
  • Exchange: MUSE
  • Founded: 1838
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: MU₨78.714b
  • Shares outstanding: 239.25m
  • Website: https://www.mcbgroup.com

Number of Employees


Location

  • MCB Group Limited
  • 9-15, Sir William Newton Street
  • Port Louis
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:41
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.