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Malaga Financial OTCPK:MLGF Stock Report

Last Price


Market Cap







26 Sep, 2022


Company Financials
MLGF fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health4/6

MLGF Stock Overview

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers.

Malaga Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Malaga Financial
Historical stock prices
Current Share PriceUS$23.05
52 Week HighUS$27.19
52 Week LowUS$22.52
1 Month Change-1.07%
3 Month Change1.32%
1 Year Change-3.19%
3 Year Change16.52%
5 Year Change2.32%
Change since IPO2,062.24%

Recent News & Updates

Shareholder Returns

MLGFUS BanksUS Market

Return vs Industry: MLGF exceeded the US Banks industry which returned -21.7% over the past year.

Return vs Market: MLGF exceeded the US Market which returned -23% over the past year.

Price Volatility

Is MLGF's price volatile compared to industry and market?
MLGF volatility
MLGF Average Weekly Movement2.0%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: MLGF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

200275Randy Bowers

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, and demand deposits. The company also provides commercial real estate, land, business banking, consumer, and personal loans, as well as single and multi-family residential mortgage loans.

Malaga Financial Fundamentals Summary

How do Malaga Financial's earnings and revenue compare to its market cap?
MLGF fundamental statistics
Market CapUS$188.47m
Earnings (TTM)US$19.60m
Revenue (TTM)US$40.31m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLGF income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$40.31m
Other ExpensesUS$20.71m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)2.41
Gross Margin100.00%
Net Profit Margin48.63%
Debt/Equity Ratio164.8%

How did MLGF perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is MLGF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MLGF?

Other financial metrics that can be useful for relative valuation.

MLGF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MLGF's PE Ratio compare to its peers?

MLGF PE Ratio vs Peers
The above table shows the PE ratio for MLGF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.2x
CSHX Cashmere Valley Bank
CHMG Chemung Financial
ISTR Investar Holding
HONT Honat Bancorp
MLGF Malaga Financial

Price-To-Earnings vs Peers: MLGF is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does MLGF's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: MLGF is good value based on its Price-To-Earnings Ratio (9.6x) compared to the US Banks industry average (9.7x)

Price to Earnings Ratio vs Fair Ratio

What is MLGF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MLGF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MLGF's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of MLGF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MLGF ($23.05) is trading below our estimate of fair value ($35.58)

Significantly Below Fair Value: MLGF is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 Malaga Financial 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.

Discover growth companies

  • Examine whether Malaga Financial is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Malaga Financial's filings and announcements here.

Past Performance

How has Malaga Financial performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLGF has high quality earnings.

Growing Profit Margin: MLGF's current net profit margins (48.6%) are higher than last year (47.9%).

Past Earnings Growth Analysis

Earnings Trend: MLGF's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: MLGF's earnings growth over the past year (6.9%) is below its 5-year average (10% per year).

Earnings vs Industry: MLGF earnings growth over the past year (6.9%) underperformed the Banks industry 8.5%.

Return on Equity

High ROE: MLGF's Return on Equity (11.6%) is considered low.

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Financial Health

How is Malaga Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: MLGF's Assets to Equity ratio (8.7x) is low.

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

Low Risk Liabilities: 78% of MLGF's liabilities are made up of primarily low risk sources of funding.

Loan Level: MLGF has an appropriate level of Loans to Assets ratio (85%).

Low Risk Deposits: MLGF's Loans to Deposits ratio (122%) is appropriate.

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

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What is Malaga Financial current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Malaga Financial Dividend Yield vs Market
How does Malaga Financial dividend yield compare to the market?
SegmentDividend Yield
Company (Malaga Financial)4.3%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (Malaga Financial)n/a

Notable Dividend: MLGF's dividend (4.34%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: MLGF's dividend (4.34%) is low compared to the top 25% of dividend payers in the US market (4.57%).

Stability and Growth of Payments

Stable Dividend: MLGF's dividends per share have been stable in the past 10 years.

Growing Dividend: MLGF's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.4%), MLGF'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 or that it will be covered by earnings.

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


Average management tenure


Randy Bowers (72 yo)



Mr. Randy C. Bowers has been the Chief Executive Officer and President of Malaga Financial Corp. since November 20, 2006. Mr. Bowers serves as the Chief Executive Officer and President of Malaga Bank FSB,...

Leadership Team

Experienced Management: MLGF's management team is seasoned and experienced (12.4 years average tenure).

Board Members

Experienced Board: MLGF's board of directors are considered experienced (7.7 years average tenure).


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

What is the ownership structure of MLGF?
Owner TypeNumber of SharesOwnership Percentage
General Public3,397,81341.7%
Individual Insiders4,653,41557.2%

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

Top Shareholders

Top 12 shareholders own 58.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Raymond Craemer
864,623$19.9m0%no data
Leo K. Lee
802,280$18.5m0%no data
Jerry Donahue
678,336$15.6m0%no data
Steven P. Sheng
636,944$14.7m0%no data
Barbara Kershaw
571,466$13.2m0%no data
Richard Oas
476,990$11.0m0%no data
Kenneth Wible
363,398$8.4m0%no data
Andrew C. Sheng
165,646$3.8m0%no data
Banc Funds Company, L.L.C.
Randy Bowers
79,188$1.8m0%no data
Christopher Adishian
8,080$186.2k0%no data
Jasna Penich
6,464$149.0k0%no data

Company Information

Malaga Financial Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Malaga Financial Corporation
  • Ticker: MLGF
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$188.472m
  • Shares outstanding: 8.14m
  • Website:

Number of Employees


  • Malaga Financial Corporation
  • 2514 Via Tejon
  • Palos Verdes Estates
  • California
  • 90274
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLGFOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Annual Earnings2021/12/31

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.