Metropolitan Bank & Trust Co
Metropolitan Bank & Trust Co operates in Consumer Finance.
Metropolitan Bank & Trust Co (MBT) - Net Assets
Latest net assets as of September 2023: ₱342.20 Billion PHP
Based on the latest financial reports, Metropolitan Bank & Trust Co (MBT) has net assets worth ₱342.20 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱2.96 Trillion) and total liabilities (₱2.61 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₱342.20 Billion |
| % of Total Assets | 11.57% |
| Annual Growth Rate | 9.86% |
| 5-Year Change | 12.56% |
| 10-Year Change | N/A |
| Growth Volatility | 16.1 |
Metropolitan Bank & Trust Co - Net Assets Trend (2014–2022)
This chart illustrates how Metropolitan Bank & Trust Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Metropolitan Bank & Trust Co (2014–2022)
The table below shows the annual net assets of Metropolitan Bank & Trust Co from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱318.51 Billion | +0.00% |
| 2021-12-31 | ₱318.50 Billion | -1.76% |
| 2020-12-31 | ₱324.20 Billion | +4.73% |
| 2019-12-31 | ₱309.55 Billion | +9.40% |
| 2018-12-31 | ₱282.96 Billion | +45.44% |
| 2017-12-31 | ₱194.56 Billion | -0.74% |
| 2016-12-31 | ₱196.00 Billion | +1.16% |
| 2015-12-31 | ₱193.76 Billion | +29.06% |
| 2014-12-31 | ₱150.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metropolitan Bank & Trust Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 143.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱178.99 Billion | 56.20% |
| Common Stock | ₱89.95 Billion | 28.24% |
| Other Components | ₱49.57 Billion | 15.56% |
| Total Equity | ₱318.51 Billion | 100.00% |
Metropolitan Bank & Trust Co Competitors by Market Cap
The table below lists competitors of Metropolitan Bank & Trust Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hoa Cam Concrete JSC
VN:HCC
|
$10.49K |
|
King Shing Industrial Co, LTD.
TW:7732
|
$10.49K |
|
WCM Global Growth Ltd
AU:WQG
|
$10.50K |
|
Security Bank Corp
PSE:SECB
|
$10.50K |
|
Zonzia Media Inc
PINK:ZONX
|
$10.48K |
|
ADITYA BIRLA LIFESTYLE BRANDS LTD
NSE:ABLBL
|
$10.47K |
|
VICCO
VN:HVT
|
$10.46K |
|
Finger Story Co. Ltd.
KO:417180
|
$10.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metropolitan Bank & Trust Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 318,505,000,000 to 318,508,000,000, a change of 3,000,000 (0.0%).
- Net income of 32,776,000,000 contributed positively to equity growth.
- Dividend payments of 13,641,000,000 reduced retained earnings.
- Share repurchases of 14,000,000 reduced equity.
- Other factors decreased equity by 19,118,000,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱32.78 Billion | +10.29% |
| Dividends Paid | ₱13.64 Billion | -4.28% |
| Share Repurchases | ₱14.00 Million | -0.0% |
| Other Changes | ₱-19.12 Billion | -6.0% |
| Total Change | ₱- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares Metropolitan Bank & Trust Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.27x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱52.24 | ₱66.30 | x |
| 2017-12-31 | ₱51.77 | ₱66.30 | x |
| 2018-12-31 | ₱62.93 | ₱66.30 | x |
| 2019-12-31 | ₱68.84 | ₱66.30 | x |
| 2020-12-31 | ₱72.10 | ₱66.30 | x |
| 2021-12-31 | ₱70.84 | ₱66.30 | x |
| 2022-12-31 | ₱70.84 | ₱66.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metropolitan Bank & Trust Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 8.93x
- Recent ROE (10.29%) is above the historical average (8.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.40% | 0.00% | 0.00x | 10.69x | ₱5.10 Billion |
| 2015 | 9.61% | 0.00% | 0.00x | 9.09x | ₱-750.90 Million |
| 2016 | 9.23% | 0.00% | 0.00x | 9.57x | ₱-1.51 Billion |
| 2017 | 9.37% | 0.00% | 0.00x | 10.69x | ₱-1.23 Billion |
| 2018 | 7.78% | 0.00% | 0.00x | 7.93x | ₱-6.29 Billion |
| 2019 | 9.06% | 0.00% | 0.00x | 7.92x | ₱-2.90 Billion |
| 2020 | 4.27% | 0.00% | 0.00x | 7.57x | ₱-18.59 Billion |
| 2021 | 6.96% | 0.00% | 0.00x | 7.86x | ₱-9.69 Billion |
| 2022 | 10.29% | 0.00% | 0.00x | 8.93x | ₱925.20 Million |
Industry Comparison
This section compares Metropolitan Bank & Trust Co's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $116,963,947,066
- Average return on equity (ROE) among peers: 7.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metropolitan Bank & Trust Co (MBT) | ₱342.20 Billion | 13.40% | 7.64x | $10.49K |
| Asia United Bank Corp (AUB) | $35.08 Billion | 8.62% | 7.99x | $6.66K |
| BDO Unibank Inc (BDO) | $216.82 Billion | 12.10% | 9.72x | $18.87K |
| Bank of the Philippine Islands (BPI) | $279.83 Billion | 7.65% | 6.98x | $15.96K |
| Filinvest Development Coproration (FDC) | $79.40 Billion | 8.33% | 5.71x | $717.41 |
| Ferronoux Holdings Inc (FERRO) | $131.11 Million | 0.39% | 0.04x | $881.03 |
| LT Group Inc (LTG) | $190.07 Billion | 10.65% | 5.90x | $2.38K |
| Philippine National Bank (PNB) | $152.09 Billion | 6.37% | 6.51x | $9.06K |
| Philippine Savings Bank (PSB) | $37.14 Billion | 9.90% | 6.12x | $9.09K |
| Rizal Commercial Banking Corp (RCB) | $62.11 Billion | 6.23% | 7.39x | $3.88K |