Financials The Bank of New York Mellon Corporation Buenos Aires S.E.

Equities

BK

ARDEUT110756

Investment Management & Fund Operators

End-of-day quote Buenos Aires S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
41,840 ARS +4.24% Intraday chart for The Bank of New York Mellon Corporation +3.17% +65.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 46,414 37,608 47,964 36,793 40,030 44,779 - -
Enterprise Value (EV) 1 69,085 57,340 75,692 74,090 70,846 96,523 98,626 99,635
P/E ratio 11.2 x 11.1 x 14 x 15.7 x 13 x 11 x 9.96 x 9.04 x
Yield 2.34% 2.92% 2.24% 3.12% 3.04% 2.94% 3.2% 3.48%
Capitalization / Revenue 2.82 x 2.38 x 3.01 x 2.25 x 2.29 x 2.48 x 2.43 x 2.34 x
EV / Revenue 4.2 x 3.63 x 4.75 x 4.52 x 4.05 x 5.36 x 5.35 x 5.22 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.19 x 0.91 x 1.22 x 1.03 x 1.08 x 1.18 x 1.1 x 1.08 x
Nbr of stocks (in thousands) 922,199 886,136 825,821 808,280 769,073 747,816 - -
Reference price 2 50.33 42.44 58.08 45.52 52.05 59.88 59.88 59.88
Announcement Date 1/16/20 1/20/21 1/18/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,462 15,808 15,931 16,377 17,502 18,022 18,435 19,102
EBITDA - - - - - - - -
EBIT 1 4,955 5,030 4,417 3,367 4,334 5,686 5,761 6,027
Operating Margin 30.1% 31.82% 27.73% 20.56% 24.76% 31.55% 31.25% 31.55%
Earnings before Tax (EBT) 1 5,587 4,468 4,648 3,328 4,215 5,563 5,787 6,127
Net income 1 4,272 3,423 3,552 2,362 3,148 4,046 4,233 4,571
Net margin 25.95% 21.65% 22.3% 14.42% 17.99% 22.45% 22.96% 23.93%
EPS 2 4.510 3.830 4.140 2.900 4.000 5.421 6.013 6.626
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.180 1.240 1.300 1.420 1.580 1.761 1.913 2.086
Announcement Date 1/16/20 1/20/21 1/18/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,015 3,926 4,254 4,279 3,918 4,363 4,454 4,374 4,311 4,527 4,515 4,495 4,500 4,568 4,596
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,048 1,007 1,142 600 705 1,263 1,343 1,285 443 1,389 1,440 1,451 1,420 1,310 1,455
Operating Margin 26.1% 25.65% 26.85% 14.02% 17.99% 28.95% 30.15% 29.38% 10.28% 30.68% 31.89% 32.27% 31.55% 28.68% 31.66%
Earnings before Tax (EBT) 1 1,065 918 1,095 630 685 1,236 1,338 1,282 359 1,324 1,441 1,421 1,404 1,347 1,495
Net income 1 822 699 835 319 509 905 1,031 956 256 953 1,062 1,009 1,018 958.1 1,103
Net margin 20.47% 17.8% 19.63% 7.46% 12.99% 20.74% 23.15% 21.86% 5.94% 21.05% 23.53% 22.46% 22.63% 20.98% 24%
EPS 2 1.010 0.8600 1.030 0.3900 0.6200 1.120 1.300 1.220 0.3300 1.250 1.425 1.357 1.410 1.329 1.586
Dividend per Share 2 0.3400 0.3400 0.3400 0.3700 0.3700 0.3700 0.3700 0.4200 0.4200 0.4200 0.4200 0.4592 0.4592 0.4640 0.4640
Announcement Date 1/18/22 4/18/22 7/15/22 10/17/22 1/13/23 4/18/23 7/18/23 10/17/23 1/12/24 4/16/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,671 19,732 27,728 37,297 30,816 51,744 53,847 54,856
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.4% 8.7% 8.9% 6.5% 8.8% 10.8% 11.2% 11.6%
ROA (Net income/ Total Assets) 1.23% 0.83% 0.78% 0.88% 0.98% 1.01% 1.03% 1.08%
Assets 1 347,317 412,410 457,025 268,470 322,772 400,021 410,347 425,220
Book Value Per Share 2 42.10 46.50 47.50 44.40 48.20 50.80 54.30 55.40
Cash Flow per Share 2 0.1000 5.640 3.310 18.50 7.500 5.510 5.930 6.780
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/16/20 1/20/21 1/18/22 1/13/23 1/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
59.88 USD
Average target price
64.97 USD
Spread / Average Target
+8.51%
Consensus
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