mBank Future Growth

Future criteria checks 4/6

mBank is forecast to grow earnings and revenue by 32.4% and 4.6% per annum respectively. EPS is expected to grow by 35.7% per annum. Return on equity is forecast to be 18.8% in 3 years.

Key information

32.4%

Earnings growth rate

35.7%

EPS growth rate

Banks earnings growth	9.0%
Revenue growth rate	4.6%
Future return on equity	18.8%
Analyst coverage	Low
Last updated	19 Apr 2024

Recent future growth updates

Recent updates

Shareholders Will Probably Not Have Any Issues With mBank S.A.'s (WSE:MBK) CEO Compensation

Mar 22

Earnings and Revenue Growth Forecasts

WSE:MBK - Analysts future estimates and past financials data (PLN Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	11,404	4,108	N/A	N/A	1
12/31/2025	11,575	4,166	N/A	N/A	2
12/31/2024	11,577	3,692	N/A	N/A	2
12/31/2023	9,995	24	7,369	8,087	N/A
9/30/2023	9,822	879	-18,365	-17,660	N/A
6/30/2023	8,353	-1,317	-9,368	-8,746	N/A
3/31/2023	7,824	-1,072	-14,340	-13,792	N/A
12/31/2022	7,383	-703	-9,247	-8,684	N/A
9/30/2022	6,551	-3,168	-7,067	-6,553	N/A
6/30/2022	6,799	-863	-12,143	-11,614	N/A
3/31/2022	5,972	-984	-12,528	-11,963	N/A
12/31/2021	5,462	-1,179	-13,191	-12,602	N/A
9/30/2021	5,320	278	-8,830	-8,159	N/A
6/30/2021	5,144	352	-6,090	-5,416	N/A
3/31/2021	5,095	330	-10,337	-9,696	N/A
12/31/2020	4,710	104	-20,009	-19,457	N/A
9/30/2020	4,645	395	-23,724	-23,214	N/A
6/30/2020	4,841	653	-24,877	-24,311	N/A
3/31/2020	4,791	938	-19,949	-19,410	N/A
12/31/2019	4,917	1,010	-14,828	-14,328	N/A
9/30/2019	4,750	1,200	-12,253	-11,717	N/A
6/30/2019	4,429	1,132	-10,877	-10,361	N/A
3/31/2019	4,367	1,053	-16,508	-15,972	N/A
12/31/2018	4,513	1,303	-10,891	-10,332	N/A
9/30/2018	4,448	1,309	-6,763	-6,210	N/A
6/30/2018	4,394	1,309	-8,374	-7,924	N/A
3/31/2018	4,405	1,285	-2,003	-1,561	N/A
12/31/2017	4,059	1,092	-3,304	-2,843	N/A
9/30/2017	4,040	1,072	N/A	-3,510	N/A
6/30/2017	3,963	1,011	N/A	-944	N/A
3/31/2017	4,046	1,130	N/A	-1,219	N/A
12/31/2016	4,016	1,219	N/A	-1,348	N/A
9/30/2016	4,023	1,236	N/A	-1,940	N/A
6/30/2016	4,001	1,325	N/A	-2,497	N/A
3/31/2016	3,665	1,158	N/A	-48	N/A
12/31/2015	3,751	1,301	N/A	-1,440	N/A
9/30/2015	3,585	1,300	N/A	-8,719	N/A
6/30/2015	3,574	1,296	N/A	-11,301	N/A
3/31/2015	3,671	1,400	N/A	-11,314	N/A
12/31/2014	3,549	1,287	N/A	-9,318	N/A
9/30/2014	3,556	1,292	N/A	-2,347	N/A
6/30/2014	3,471	1,265	N/A	2,344	N/A
3/31/2014	3,365	1,218	N/A	-1,192	N/A
12/31/2013	3,291	1,206	N/A	-4,265	N/A
9/30/2013	3,201	1,159	N/A	-3,753	N/A
6/30/2013	3,193	1,150	N/A	-4,741	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBK's forecast earnings growth (32.4% per year) is above the savings rate (3.7%).

Earnings vs Market: MBK's earnings (32.4% per year) are forecast to grow faster than the Polish market (13.1% per year).

High Growth Earnings: MBK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MBK's revenue (4.6% per year) is forecast to grow faster than the Polish market (4.3% per year).

High Growth Revenue: MBK's revenue (4.6% per year) is forecast to grow slower 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 (18.8%).

mBank Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 17% to zł638

Price target increased by 7.2% to zł572

mBank Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2023

Price target increased by 8.6% to zł534

Price target increased by 11% to zł524

Price target increased by 9.5% to zł443

Recent updates

Shareholders Will Probably Not Have Any Issues With mBank S.A.'s (WSE:MBK) CEO Compensation

Price target increased by 17% to zł638

mBank S.A., Annual General Meeting, Mar 27, 2024

mBank S.A., Annual General Meeting, Mar 27, 2024

Price target increased by 7.2% to zł572

mBank Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2023

Price target increased by 8.6% to zł534

mBank S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

mBank S.A. to Report Fiscal Year 2024 Results on Feb 28, 2025

Price target increased by 11% to zł524

New minor risk - Earnings quality

Third quarter 2023 earnings released

Marcus Chromik Steps Down from Supervisory Board at mBank

Key Executive recently sold zł606k worth of stock

Second quarter 2023 earnings released: zł0.37 loss per share (vs zł5.42 profit in 2Q 2022)

Price target increased by 9.5% to zł443

Key Executive recently sold zł601k worth of stock

Price target increased by 12% to zł384

First quarter 2023 earnings released

Full year 2022 earnings: EPS and revenues miss analyst expectations

mBank S.A. Provides Earnings Guidance for the Year 2023

Key Executive recently sold zł722k worth of stock

mBank S.A. Announces CFO Changes

mBank S.A. to Report Q4, 2023 Results on Feb 09, 2024

Key Executive recently sold zł206k worth of stock

Third quarter 2022 earnings released: zł53.74 loss per share (vs zł0.63 profit in 3Q 2021)

Price target decreased to zł310

mBank S.A. Provides Earnings Guidance for the Year 2022

Second quarter 2022 earnings released

mBank S.A. Provides Sales Guidance for the Third and Fourth Quarter of 2022

Price target decreased to zł346

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

mBank S.A. to Report Q4, 2022 Results on Feb 09, 2023

mBank S.A., Annual General Meeting, Mar 31, 2022

Now 22% undervalued after recent price drop

mBank Announces Court Rejection of FX Loan Class Action Suit

Full year 2021 earnings: EPS and revenues exceed analyst expectations

mBank S.A. Provides Earnings Guidance for the Year 2022

mBank S.A. Provides Earnings Guidance for the Year 2021

Price target increased to zł399

Price target increased to zł348

Third quarter 2021 earnings released

Third quarter 2021 earnings released

Price target increased to zł320

Investor sentiment improved over the past week

Second quarter 2021 earnings released

Consensus forecasts updated

Price target increased to zł265

Price target increased to zł240

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS zł7.49 (vs zł2.15 in 1Q 2020)

Price target increased to zł226

mBank S.A. Reports Impairment Loss for the First Quarter of 2021

Price target increased to zł226

Member of Supervisory Board has left the company

We Discuss Why mBank S.A.'s (WSE:MBK) CEO Compensation May Be Closely Reviewed

mBank Gets Regulator's Nod to Appoint Marek Lusztyn as chief risk officer

mBank S.A., Annual General Meeting, Mar 24, 2021

New 90-day high: zł225

Analysts update estimates

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: EPS zł2.45 (vs zł23.86 in FY 2019)

mBank (WSE:MBK) Share Prices Have Dropped 59% In The Last Three Years

mBank S.A. to Report Q3, 2021 Results on Nov 03, 2021

Investor sentiment improved over the past week

New 90-day high: zł189

What Is The Ownership Structure Like For mBank S.A. (WSE:MBK)?

Market bids up stock over the past week

New 90-day high: zł189