mBank S.A. (MBK.WA) stock analysis

In our weekly check, mBank S.A. is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 9.

About mBank S.A.

mBank S.A. is a Financial Services company (Banks - Regional), listed on WSE as MBK.WA.

What our checks show for MBK.WA

Red flags

• The gross margin fell by 25.4 points, to 69.6%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 3.2% a year.
• Free cash flow is negative (-20.7% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 85% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 15 years.
• Thinly traded (about 20 thousand shares a day): buying and selling can move the price.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Strengths

• The net margin rose by 42 points over 5 years, to 24.2%.
• Analysts expect earnings per share to grow about 17.5% a year over the next years.
• Analysts expect the net margin to improve by 13.5 points from today's 24.2%.
• Earnings per share grew 76.8% a year over the last 3 years.
• The company keeps 24.2% of its revenue as net profit.
• A large company: market value $15.07 billion.

Next earnings report: 2026-10-28

Similar companies

TFC · DB · MZTF.TA · 1060.SR · 1150.SR · PEO.WA

Questions

What grade does mBank S.A. (MBK.WA) have?

In our weekly check, mBank S.A. is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 9. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MBK.WA stock?

This week's biggest flags for mBank S.A.: Gross margin falling, Profits not backed by cash, Weak revenue forecast. In total 9 of 23 checks show a warning or a red flag.

What does mBank S.A. do?

mBank S.A. is a Financial Services company (Banks - Regional), listed on WSE as MBK.WA.

When does mBank S.A. report earnings next?

The next earnings report is expected on 2026-10-28. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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