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Mutual Trust Bank

DSE:MTB
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTB
DSE
BDT17B
Market Cap
  1. Home
  2. BD
  3. Banks
Company description

Mutual Trust Bank Limited provides various commercial banking and related services in Bangladesh. The last earnings update was 163 days ago. More info.


Add to Portfolio Compare Print
MTB Share Price and Events
7 Day Returns
0%
DSE:MTB
0%
BD Banks
0%
BD Market
1 Year Returns
-15.1%
DSE:MTB
-23.2%
BD Banks
-28.4%
BD Market
MTB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mutual Trust Bank (MTB) 0% -9.2% -9.5% -15.1% 27.1% 204%
BD Banks - -5.5% -13.2% -23.2% -23.2% 29.4%
BD Market 0% -9.4% -10.2% -28.4% -25.5% -7.5%
1 Year Return vs Industry and Market
  • MTB outperformed the Banks industry which returned -23.2% over the past year.
  • MTB outperformed the Market in Bangladesh which returned -28.4% over the past year.
Price Volatility
MTB
Industry
5yr Volatility vs Market

Value

 Is Mutual Trust Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mutual Trust Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mutual Trust Bank.

DSE:MTB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= BDT19.08 * 14.6%
BDT2.78
Book Value of Equity per Share Median Book Value from the past 5 years. BDT19.08
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year BD Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DSE:MTB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BD Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 10%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.486 (1 + (1- 25%) (189.37%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.118 * 10%)
14.61%

Discounted Cash Flow Calculation for DSE:MTB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mutual Trust Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DSE:MTB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.6% – 14.61%) * BDT19.08)
BDT-0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= BDT-0.01 / (14.61% - 3.43%)
BDT-0.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= BDT19.08 + BDT-0.07
BDT19.01
DSE:MTB Discount to Share Price
Calculation Result
Value per share (BDT) From above. BDT19.01
Current discount Discount to share price of BDT24.70
= -1 x (BDT24.70 - BDT19.01) / BDT19.01
-29.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mutual Trust Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mutual Trust Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mutual Trust Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DSE:MTB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BDT BDT2.86
DSE:MTB Share Price ** DSE (2020-03-25) in BDT BDT24.7
Bangladesh Banks Industry PE Ratio Median Figure of 28 Publicly-Listed Banks Companies 5.83x
Bangladesh Market PE Ratio Median Figure of 228 Publicly-Listed Companies 12.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mutual Trust Bank.

DSE:MTB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DSE:MTB Share Price ÷ EPS (both in BDT)

= 24.7 ÷ 2.86

8.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mutual Trust Bank is overvalued based on earnings compared to the BD Banks industry average.
  • Mutual Trust Bank is good value based on earnings compared to the Bangladesh market.
Price based on expected Growth
Does Mutual Trust Bank's expected growth come at a high price?
Raw Data
DSE:MTB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Banks Industry PEG Ratio Median Figure of 179 Publicly-Listed Banks Companies 0.74x
Bangladesh Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mutual Trust Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mutual Trust Bank's assets?
Raw Data
DSE:MTB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BDT BDT22.78
DSE:MTB Share Price * DSE (2020-03-25) in BDT BDT24.7
Bangladesh Banks Industry PB Ratio Median Figure of 29 Publicly-Listed Banks Companies 0.63x
Bangladesh Market PB Ratio Median Figure of 263 Publicly-Listed Companies 0.95x
DSE:MTB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DSE:MTB Share Price ÷ Book Value per Share (both in BDT)

= 24.7 ÷ 22.78

1.08x

* Primary Listing of Mutual Trust Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mutual Trust Bank is overvalued based on assets compared to the BD Banks industry average.
X
Value checks
We assess Mutual Trust Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Mutual Trust Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mutual Trust Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Mutual Trust Bank 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mutual Trust Bank expected to grow at an attractive rate?
  • Unable to compare Mutual Trust Bank's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mutual Trust Bank's earnings growth to the Bangladesh market average as no estimate data is available.
  • Unable to compare Mutual Trust Bank's revenue growth to the Bangladesh market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DSE:MTB Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Bangladesh Banks Industry Revenue Growth Rate Market Cap Weighted Average 14.7%
Bangladesh Market Earnings Growth Rate Market Cap Weighted Average 14%
Bangladesh Market Revenue Growth Rate Market Cap Weighted Average 10%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DSE:MTB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BDT Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DSE:MTB Past Financials Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income *
2019-09-30 8,217 -14,747 1,814
2019-06-30 7,872 -14,786 1,762
2019-03-31 7,798 -14,466 1,784
2018-12-31 7,502 -13,971 1,734
2018-09-30 7,866 -16,507 2,650
2018-06-30 7,729 -21,638 2,431
2018-03-31 7,172 -18,263 2,059
2017-12-31 6,978 -20,494 1,980
2017-09-30 6,494 -11,930 983
2017-06-30 6,597 -13,658 1,246
2017-03-31 6,689 -11,926 1,430
2016-12-31 6,679 -10,114 1,464

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mutual Trust Bank is high growth as no earnings estimate data is available.
  • Unable to determine if Mutual Trust Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DSE:MTB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mutual Trust Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:MTB Past Financials Data
Date (Data in BDT Millions) EPS *
2019-09-30 2.86
2019-06-30 2.77
2019-03-31 2.79
2018-12-31 2.73
2018-09-30 4.11
2018-06-30 3.77
2018-03-31 3.24
2017-12-31 3.11
2017-09-30 1.54
2017-06-30 1.97
2017-03-31 2.25
2016-12-31 2.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mutual Trust Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mutual Trust Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Mutual Trust Bank's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mutual Trust Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Bangladesh market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mutual Trust Bank has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mutual Trust Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mutual Trust Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mutual Trust Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Mutual Trust Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mutual Trust Bank's 1-year earnings growth is negative, it can't be compared to the BD Banks industry average.
Earnings and Revenue History
Mutual Trust Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mutual Trust Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:MTB Past Revenue, Cash Flow and Net Income Data
Date (Data in BDT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 8,217.16 1,814.24 4,476.58
2019-06-30 7,872.17 1,762.30 4,204.70
2019-03-31 7,797.52 1,784.34 4,138.33
2018-12-31 7,502.00 1,734.45 4,039.59
2018-09-30 7,866.28 2,650.43 3,923.24
2018-06-30 7,729.32 2,430.88 3,853.32
2018-03-31 7,171.61 2,059.27 3,713.91
2017-12-31 6,978.12 1,980.34 3,644.24
2017-09-30 6,494.14 983.30 3,503.39
2017-06-30 6,597.18 1,246.06 3,449.81
2017-03-31 6,689.20 1,430.38 3,429.03
2016-12-31 6,679.25 1,463.59 3,367.77
2016-09-30 6,559.93 1,418.07 3,386.40
2016-06-30 6,539.30 1,506.44 3,318.80
2016-03-31 6,317.20 1,441.51 3,168.40
2015-12-31 6,050.65 1,366.20 3,061.31
2015-09-30 5,923.88 1,309.02 2,917.19
2015-06-30 5,514.77 1,091.50 2,762.97
2015-03-31 5,291.09 1,025.56 2,621.76
2014-12-31 5,018.92 961.53 2,453.88
2014-09-30 5,207.69 1,246.28 2,141.16
2014-06-30 4,640.82 906.50 2,076.40
2014-03-31 4,384.73 757.44 2,088.69
2013-12-31 3,992.44 573.23 2,078.87
2013-09-30 2,858.67 -167.12 2,051.59
2013-06-30 2,809.81 -39.44 1,964.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mutual Trust Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mutual Trust Bank used its assets less efficiently than the BD Banks industry average last year based on Return on Assets.
  • Unable to establish if Mutual Trust Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mutual Trust Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mutual Trust Bank has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mutual Trust Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Mutual Trust Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mutual Trust Bank Company Filings, last reported 6 months ago.

DSE:MTB Past Debt and Equity Data
Date (Data in BDT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 15,259.53 31,336.00 7,857.08
2019-06-30 14,942.32 29,786.91 8,538.64
2019-03-31 13,689.87 29,192.75 6,348.21
2018-12-31 13,278.96 27,040.82 7,279.02
2018-09-30 12,754.67 27,584.27 8,163.71
2018-06-30 12,533.35 26,252.87 6,745.55
2018-03-31 12,092.67 29,588.65 4,901.64
2017-12-31 11,762.09 24,417.68 9,681.20
2017-09-30 10,053.93 28,482.03 8,806.79
2017-06-30 9,994.84 25,500.57 9,446.56
2017-03-31 9,929.83 20,147.38 8,575.11
2016-12-31 9,818.38 12,956.46 11,127.29
2016-09-30 9,287.70 11,043.36 10,540.45
2016-06-30 9,392.02 13,142.63 9,064.14
2016-03-31 9,313.81 11,218.04 10,347.56
2015-12-31 8,929.32 9,956.82 6,597.19
2015-09-30 8,282.73 5,025.38 6,168.66
2015-06-30 7,321.92 5,422.24 6,382.49
2015-03-31 7,050.94 4,750.58 4,550.29
2014-12-31 6,770.53 6,244.41 4,333.91
2014-09-30 6,367.51 6,102.54 14,188.29
2014-06-30 5,994.88 4,588.46 8,400.92
2014-03-31 5,744.31 7,562.03 10,628.65
2013-12-31 5,449.16 5,137.97 8,867.77
2013-09-30 4,726.69 7,705.17 6,571.26
2013-06-30 4,858.45 10,844.81 7,984.44
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Mutual Trust Bank has an acceptable proportion of non-loan assets held.
  • Mutual Trust Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Mutual Trust Bank are broadly funded by customer deposits.
  • Mutual Trust Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Mutual Trust Bank has a low allowance for bad loans.
  • Mutual Trust Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Mutual Trust Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mutual Trust Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mutual Trust Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mutual Trust Bank dividends.
If you bought BDT2,000 of Mutual Trust Bank shares you are expected to receive BDT0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mutual Trust Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mutual Trust Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DSE:MTB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Bangladesh Banks Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 6.8%
Bangladesh Market Average Dividend Yield Market Cap Weighted Average of 212 Stocks 4.2%
Bangladesh Minimum Threshold Dividend Yield 10th Percentile 0.8%
Bangladesh Bottom 25% Dividend Yield 25th Percentile 1.8%
Bangladesh Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DSE:MTB Past Annualized Dividends Data
Date (Data in BDT) Dividend per share (annual) Avg. Yield (%)
2013-11-03 0.000 0.000
2013-08-01 0.000 0.000
2013-05-13 0.000 0.000
2013-04-10 0.000 0.000
2012-05-29 0.480 5.439
2012-04-15 0.480 4.388

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mutual Trust Bank has not reported any payouts.
  • Unable to verify if Mutual Trust Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mutual Trust Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mutual Trust Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mutual Trust Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mutual Trust Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mutual Trust Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mutual Trust Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Syed Rahman
AGE 57
TENURE AS CEO 0.3 years
CEO Bio

Mr. Syed Mahbubur Rahman serves as Managing Director and Chief Executive Officer at Mutual Trust Bank Ltd. Since December 01, 2019 and has been its Executive Director since December 01, 2019. Mr. Rahman served as the Chief Executive Officer and Managing Director at Dhaka Bank Limited since November 8, 2015 until November 2019 and served as its Director since September 2, 2016 until November 2018. Mr. Rahman served as a Senior Vice President at Social Islami Bank Limited and served as its Senior Assistant Vice President. Mr. Rahman served as the Chief Executive Officer and Managing Director of BRAC Bank Limited since June 2010. He joined BRAC Bank in 2008 and served as its Deputy Managing Director of BRAC Bank Limited since November 2008. He has experience in Banking Services and Credit related arena. During his banking career, he attended numerous trainings, seminars and workshops on different aspects of banking held in the country and abroad. He served Deputy Managing Director at Prime Bank Limited. He worked in various roles at Citibank NA, Standard Chartered Bank, ANZ Grindlays Bank, IDLC Finance Limited. He started his career in Saudi Bangladesh Agricultural and Industrial Investment Co. (SABINCO). He served as a Director of bKash Ltd and Industrial and Infrastructure Development Finance Company Limited. He served as a Director at BRAC EPL Investments Ltd, BRAC EPL Stock Brokerage Ltd, BRAC Saajan Exchange Ltd, BRAC IT Services Ltd and IIDFC Securities Ltd. He served as a Director of BRAC Bank Limited since March 31, 2011. Under his dynamic leadership as the Chief Executive Officer of BRAC Bank, he received various accolades from some of the prestigious institutions namely, Financial Times, Finance Asia, The Asian Banker, etc. His charismatic role in launching one of the fastest growing mobile platforms namely, bKash was very instrumental. He was also accorded with the prestigious 'The Asian Banker Leadership Achievement Award' for Bangladesh for the period 2011-2013. Mr. Rahman is a Member of the Board of Governors at Association of Bankers, Bangladesh Limited (ABBD). Mr. Rahman holds MBA from Institute of Business Administration of Dhaka University.

CEO Compensation
  • Insufficient data for Syed to compare compensation growth.
  • Insufficient data for Syed to establish whether their remuneration is reasonable compared to companies of similar size in Bangladesh.
Management Team Tenure

Average tenure of the Mutual Trust Bank management team in years:

0.3
Average Tenure
  • The average tenure for the Mutual Trust Bank management team is less than 2 years, this suggests a new team.
Management Team

Syed Rahman

TITLE
MD, CEO & Executive Director
AGE
57
TENURE
0.3 yrs

Sayed Hashem

TITLE
Senior EVP & Group CFO
AGE
47

Tarek Khan

TITLE
Deputy MD
TENURE
0.3 yrs

Md. Shah Patwary

TITLE
Group Chief Information Officer & Senior EVP

Goutam Das

TITLE
Group Head of Internal Control & Compliance and Deputy MD

Marcus Gomes

TITLE
Executive VP & Group Head of Human Resources

Md. Hossain

TITLE
Senior EVP & Head of MITS

Syed Hossain

TITLE
Senior EVP & Head of MTB Dhaka Division Branches
TENURE
8.1 yrs

Nurul Khan

TITLE
Senior EVP & Head of CRM

Iqbal Mahmud

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the Mutual Trust Bank board of directors in years:

1.9
Average Tenure
61
Average Age
  • The average tenure for the Mutual Trust Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Md. Hedayetullah

TITLE
Chairman of the Board
COMPENSATION
BDT184K
TENURE
1.9 yrs

Syed Rahman

TITLE
MD, CEO & Executive Director
AGE
57
TENURE
0.3 yrs

Khwaja Hossain

TITLE
Vice Chairman
COMPENSATION
BDT144K
TENURE
1.9 yrs

Syed Elahi

TITLE
Founding Chairman
COMPENSATION
BDT176K
AGE
75

Arif Dowla

TITLE
Director
COMPENSATION
BDT112K

Mohammed Rouf

TITLE
Director
COMPENSATION
BDT160K

Md. Malek

TITLE
Director
COMPENSATION
BDT224K

Rashed Chowdhury

TITLE
Director
COMPENSATION
BDT104K

Mohammad Wakiluddin

TITLE
Director
COMPENSATION
BDT128K
AGE
61

Md. Islam

TITLE
Director
COMPENSATION
BDT88K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (BDT) Value (BDT)
X
Management checks
We assess Mutual Trust Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mutual Trust Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mutual Trust Bank Limited provides various commercial banking and related services in Bangladesh. The company offers retail banking services, including deposit products, such as savings and current accounts, and fixed deposits; personal, auto, home, home equity, and professional’s loan products; overdraft facilities; credit cards; and locker services. It also provides wholesale banking services comprising term finance, such as project finance, finance for importing capital machinery, lease finance, and house building finance; working capital finance comprising secured over drafts, cash credits, cash against documents, short term loans, and inland and foreign bill purchases; and syndications and structured finance consisting of infrastructure, aircraft, manufacturing project, agro-based project, and micro financing. In addition, the company offers trade finance, including export finance, such as L/C opening, export bill discounting, and secured overdrafts; import finance consisting of loan against trust receipts and term loans; and non-funded trade finance. Further, it provides off-shore banking services, SME banking, and NRB banking products and services; treasury services, such as money market, DIBOR, foreign exchange, and primary dealers services; and cash management, securities and custody, remittance, and agent banking, as well as SMS and Internet banking services. The company operates 114 branches, 100 agent banking centers, 268 automated teller machines, and 3,140 point of sale machines. Mutual Trust Bank Limited was incorporated in 1999 and is headquartered in Dhaka, Bangladesh.

Details
Name: Mutual Trust Bank Limited
MTB
Exchange: DSE
Founded: 1999
BDT16,547,257,266
669,929,444
Website: http://www.mutualtrustbank.com
Address: Mutual Trust Bank Limited
MTB Centre,
26 Gulshan Avenue,
Dhaka,
1212,
Bangladesh
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSE MTB Ordinary Shares Dhaka Stock Exchange Ltd. BD BDT 21. Jul 2003
Number of employees
Current staff
Staff numbers
2,120
Mutual Trust Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:46
End of day share price update: 2020/03/25 00:00
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.