Financials MCB Group Limited

Equities

End-of-day quote Mauritius S.E. Other stock markets 06:00:00 2024-05-06 pm EDT			5-day change	1st Jan Change
378.2 ^MUR	+0.46%		+0.80%	+16.74%

Feb. 14	MCB Group Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI
2023	MCB Group Limited Reports Earnings Results for the First Quarter Ended September 30, 2023	CI

Fiscal Period: Juni	2019	2020	2022	2023	2024	2025	2026
Capitalization ¹	68,979	56,381	73,644	75,358	92,805	-	-
Enterprise Value (EV) ¹	68,979	56,381	73,644	75,358	92,805	92,805	92,805
P/E ratio	7.28 x	7.13 x	7.66 x	5.43 x	6.1 x	5.51 x	5.34 x
Yield	4.5%	-	-	6.46%	5.37%	5.99%	6.53%
Capitalization / Revenue	3.41 x	2.57 x	-	2.37 x	2.69 x	2.48 x	2.33 x
EV / Revenue	3.41 x	2.57 x	-	2.37 x	2.69 x	2.48 x	2.33 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.23 x	0.9 x	-	0.86 x	0.92 x	0.81 x	0.73 x
Nbr of stocks (in thousands)	238,683	238,901	239,493	240,568	246,494	-	-
Reference price ²	289.0	236.0	307.5	313.2	376.5	376.5	376.5
Announcement Date	9/27/19	9/28/20	9/28/22	9/28/23	-	-	-

¹MUR in Million²MUR

Estimates

Fiscal Period: Juni	2019	2020	2022	2023	2024	2025	2026
Net sales ¹	20,226	21,954	-	31,792	34,524	37,487	39,817
EBITDA	-	-	-	-	-	-	-
EBIT ¹	12,716	14,163	-	20,535	22,655	24,769	26,800
Operating Margin	62.87%	64.51%	-	64.59%	65.62%	66.07%	67.31%
Earnings before Tax (EBT) ¹	11,523	9,488	-	17,758	19,141	21,927	23,622
Net income ¹	9,482	7,912	9,637	14,313	15,352	17,052	17,620
Net margin	46.88%	36.04%	-	45.02%	44.47%	45.49%	44.25%
EPS ²	39.70	33.10	40.13	57.66	61.68	68.35	70.52
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	13.00	-	-	20.25	20.23	22.55	24.58
Announcement Date	9/27/19	9/28/20	9/28/22	9/28/23	-	-	-

¹MUR in Million²MUR

Estimates

Fiscal Period: June	2019	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	17.6%	13.3%	-	16.9%	16.2%	16.1%	15.6%
ROA (Net income/ Total Assets)	2.2%	1.58%	-	1.81%	1.8%	1.8%	1.75%
Assets ¹	431,009	501,757	-	788,986	852,889	947,361	1,006,829
Book Value Per Share ²	236.0	261.0	-	366.0	411.0	463.0	518.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	9/27/19	9/28/20	9/28/22	9/28/23	-	-	-

¹MUR in Million²MUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

378.2 MUR

Average target price

541 MUR

Spread / Average Target

+43.04%

	1st Jan change	Capi.
MCB GROUP LIMITED	+16.74%	2B
AGRICULTURAL BANK OF CHINA LIMITED	+16.94%	206B
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ANZ GROUP HOLDINGS LIMITED	+11.07%	57.21B
CRÉDIT AGRICOLE S.A.	+18.85%	48.9B
INDUSTRIAL BANK CO., LTD.	+3.76%	48.48B
CHINA CITIC BANK CO., LTD.	+25.00%	45.39B
JAPAN POST BANK CO., LTD.	+8.64%	37.24B
QATAR NATIONAL BANK (Q.P.S.C.)	-15.79%	35.49B
INVEST BANK	-96.60%	32.24B