` HFWA (Heritage Financial Corp) vs MTB (M&T Bank Corp) Comparison - Alpha Spread

HFWA
vs
MTB

Over the past 12 months, HFWA has outperformed MTB, delivering a return of +51% compared to the MTB's +39% growth.

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HFWA
MTB
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
No spreadsheets, no guesswork.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
We need a little more time to summarize the results

Valuation Comparison

HFWA Intrinsic Value
26.68 USD
Undervaluation 5%
Intrinsic Value
Price
MTB Intrinsic Value
251.15 USD
Undervaluation 20%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Heritage Financial Corp
NASDAQ:HFWA
25.28 USD
M&T Bank Corp
NYSE:MTB
200.06 USD
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HFWA vs MTB

HFWA
MTB
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Heritage Financial Corp
Revenue
M&T Bank Corp
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
HFWA vs MTB

HFWA
MTB
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Heritage Financial Corp
NASDAQ:HFWA
FCF is not applicable for financial companies
M&T Bank Corp
NYSE:MTB
FCF is not applicable for financial companies
What is Free Cash Flow?

Gross Margin

HFWA
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Heritage Financial Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Operating Margin

HFWA
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Heritage Financial Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Net Margin

HFWA
22.8%
MTB
26.7%

FCF Margin

HFWA
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Heritage Financial Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

ROE

HFWA
6%
MTB
8.9%

ROA

HFWA
0.7%
MTB
1.2%

ROIC

HFWA
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Heritage Financial Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

ROCE

HFWA
MTB
LTM 3Y Avg 5Y Avg 10Y Avg
Heritage Financial Corp
Not applicable for financial companies
M&T Bank Corp
Not applicable for financial companies

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
HFWA vs MTB

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Performance Gap
HFWA vs MTB

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HFWA
MTB
Difference
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Performance By Year
HFWA vs MTB

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HFWA
MTB
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