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Mibanco Banco de la Microempresa

Market Cap

S/3.9b

Last Updated

2021/04/21 00:11 UTC

Data Sources

Company Financials

Executive Summary

Mibanco Banco de la Microempresa S.A. provides various banking products and services in Peru. More Details

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Mibanco Banco de la Microempresa's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIBANC1 is less volatile than 75% of PE stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: MIBANC1's weekly volatility (0%) has been stable over the past year.


Market Performance


7 Day Return

0%

MIBANC1

-4.7%

PE Banks

-4.9%

PE Market


1 Year Return

-0.08%

MIBANC1

4.1%

PE Banks

5.5%

PE Market

Return vs Industry: MIBANC1 underperformed the PE Banks industry which returned 4.1% over the past year.

Return vs Market: MIBANC1 underperformed the PE Market which returned 5.6% over the past year.


Shareholder returns

MIBANC1IndustryMarket
7 Day0%-4.7%-4.9%
30 Day0%-3.0%-5.6%
90 Day-0.08%-3.1%-5.4%
1 Year-0.08%-0.08%7.1%4.1%9.3%5.5%
3 Year-0.3%-12.1%-2.9%-9.8%-2.7%-10.8%
5 Yearn/a73.8%51.2%39.4%20.7%

Long-Term Price Volatility Vs. Market

How volatile is Mibanco Banco de la Microempresa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mibanco Banco de la Microempresa undervalued compared to its fair value and its price relative to the market?

1.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MIBANC1 (PEN2.16) is trading above our estimate of fair value (PEN1.82)

Significantly Below Fair Value: MIBANC1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MIBANC1 is unprofitable, so we can't compare its PE Ratio to the PE Banks industry average.

PE vs Market: MIBANC1 is unprofitable, so we can't compare its PE Ratio to the PE market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MIBANC1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MIBANC1's PB Ratio (1.5x) is in line with the PE Banks industry average.


Future Growth

How is Mibanco Banco de la Microempresa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

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 Mibanco Banco de la Microempresa 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 Mibanco Banco de la Microempresa performed over the past 5 years?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIBANC1 is currently unprofitable.

Growing Profit Margin: MIBANC1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MIBANC1 is unprofitable, but has reduced losses over the past 5 years at a rate of 0.8% per year.

Accelerating Growth: Unable to compare MIBANC1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MIBANC1 is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-75.4%).


Return on Equity

High ROE: MIBANC1 has a negative Return on Equity (-1.51%), as it is currently unprofitable.


Financial Health

How is Mibanco Banco de la Microempresa'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: MIBANC1's Assets to Equity ratio (6.7x) is low.

Allowance for Bad Loans: MIBANC1 has a sufficient allowance for bad loans (118%).

Low Risk Liabilities: 64% of MIBANC1's liabilities are made up of primarily low risk sources of funding.

Loan Level: MIBANC1 has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: MIBANC1's Loans to Deposits ratio (134%) is high.

Level of Bad Loans: MIBANC1 has a high level of bad loans (9.6%).


Dividend

What is Mibanco Banco de la Microempresa current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MIBANC1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MIBANC1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MIBANC1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MIBANC1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MIBANC1's dividend in 3 years as they are not forecast to pay a notable one for the PE market.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Humberto Javier Ichazo Bardales

3.5yrs

Tenure

Mr. Humberto Javier Ichazo Bardales serves as General Manager of Mibanco – Banco de la Microempresa SA (formerly known as Mibanco, Banco de la Microempresa SA). Mr. Ichazo Bardales has been Head of Microfi...


Leadership Team

Experienced Management: MIBANC1's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: MIBANC1's board of directors are considered experienced (3 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 been diluted in the past year, with total shares outstanding growing by 12%.


Top Shareholders

Company Information

Mibanco Banco de la Microempresa S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mibanco Banco de la Microempresa S.A.
  • Ticker: MIBANC1
  • Exchange: BVL
  • Founded: 1998
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: S/3.922b
  • Shares outstanding: 1.82b
  • Website: https://www.mibanco.com.pe

Number of Employees


Location

  • Mibanco Banco de la Microempresa S.A.
  • Av. Domingo Orué No. 165
  • Surquillo
  • Lima
  • Lima
  • Peru

Listings


Biography

Mibanco Banco de la Microempresa S.A. provides various banking products and services in Peru. The company offers savings accounts, fixed deposits, and current accounts; business and personal loans; insuran...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 00:11
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.