MERCANBANK Mercantile Bank Limited
Bank
Tk 6.5 as of 2026-11-12 14:00:00
Rank 216 of all scored
Data completeness 100%
Data completeness 100%
Score breakdown
Consistency 48
Profitability 30
Solvency 48
Valuation 97
Weights: consistency 30%, profitability 30%, solvency 20%, valuation 20%; then risk flags add or subtract points. Full method
Why this score
Strengths
- Valuation P/E 5.91 is low (banks/insurers benchmark ≤ 8)
- Valuation Trades near book value (P/NAV 0.27x)
- Valuation Price is 73% below the Graham fair value (Tk 24.5)
Concerns
- Consistency EPS rose in only 1 of 4 years (erratic or cyclical)
- Profitability Average ROE only 5.98% (below 9%: capital not working hard)
- Profitability Net profit shrinking 23.55% a year
Notes
- Solvency Bank/insurer: NPL and capital-adequacy are not in the data, so solvency is estimated from earnings stability
Risk flags
- Category Z (poor/defaulting: gambling favourite, avoid for long-term)
- Mid cap (Tk 200-1,000 cr)
- Thin trading (last day ~Tk 0.03 cr)
- Within 8.33% of its 52-week low: check WHY before treating it as cheap
Valuation
P/E
P/E audited
P/E current
P/B
NAV per share
EPS (last audited year)
Graham fair value
Margin of safety
52-week range
8.3% above the low, 30.9% below the high. Near the low is only interesting if profit is intact (see concerns above) and the fall has a temporary cause.
Quality and growth
ROE
ROE avg
ROE min
Profit CAGR
Profit YoY
Net profit
EPS up
Loss years (last ~5)
Dividends and safety
Div years
Dividend yield
Payout
Cash div
D/E
Their loans are deposits; NPL data is not available
Loans/MCap
Size, liquidity and ownership
MCap
Free float
Daily turnover
Sponsor %
Inst. %
Public %
Foreign %
Shareholding
- Sponsor/director 31.8%
- Institution 27.8%
- Foreign 0.6%
- Public 39.7%
Audited history
| Year | EPS (Tk) | NAV/share | Net profit (cr) | Cash div % | Bonus % |
|---|---|---|---|---|---|
| 2021 | 3.46 | 23.91 | 358 | 12.5 | 5 |
| 2022 | 2.17 | 23.71 | 235 | 10 | 2 |
| 2023 | 1.86 | 23.91 | 206 | 10 | 0 |
| 2024 | 0.58 | 23.75 | 65 | — | — |
| 2025 | 1.1 | 24.35 | 122 | — | — |
Fiscal year ends December. EPS, NAV and profit are as audited by the company and published by DSE. Financials last fetched: 14/11/2026.
Shariah screen (partial)
Business screen and the debt ratio (loans / market cap 208.1%, limit 33%) are automated. Interest income (under 5% of revenue) and cash/investment ratios must be checked in the annual report.
Educational, not investment advice. Verify on DSE and StockNow before making any decision.