WallStSmart

HDFC Bank Limited ADR (HDB)vsM&T Bank Corporation (MTB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

HDFC Bank Limited ADR generates 30331% more annual revenue ($2.83T vs $9.31B). MTB leads profitability with a 31.5% profit margin vs 26.8%. HDB appears more attractively valued with a PEG of 1.01. MTB earns a higher WallStSmart Score of 77/100 (B+).

HDB

Strong Buy

68

out of 100

Grade: B-

Growth: 6.0Profit: 7.5Value: 5.7Quality: 4.3
Piotroski: 5/9Altman Z: -0.11

MTB

Strong Buy

77

out of 100

Grade: B+

Growth: 7.3Profit: 7.5Value: 7.0Quality: 5.0
Piotroski: 6/9Altman Z: -0.32

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HDB4 strengths · Avg: 9.5/10
Operating MarginProfitability
40.5%10/10

Strong operational efficiency at 40.5%

Free Cash FlowQuality
$1.72T10/10

Generating 1.7T in free cash flow

Market CapQuality
$131.53B9/10

Large-cap with strong market position

Profit MarginProfitability
26.8%9/10

Keeps 27 of every $100 in revenue as profit

MTB5 strengths · Avg: 9.6/10
P/E RatioValuation
12.0x10/10

Attractively priced relative to earnings

Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Profit MarginProfitability
31.5%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
38.9%10/10

Strong operational efficiency at 38.9%

EPS GrowthGrowth
24.4%8/10

Earnings expanding 24.4% YoY

Areas to Watch

HDB4 concerns · Avg: 2.8/10
Price/BookValuation
10.3x4/10

Trading at 10.3x book value

Debt/EquityHealth
1.093/10

Elevated debt levels

Revenue GrowthGrowth
-1.8%2/10

Revenue declined 1.8%

Altman Z-ScoreHealth
-0.112/10

Distress zone — elevated risk

MTB1 concerns · Avg: 2.0/10
Altman Z-ScoreHealth
-0.322/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : HDB

The strongest argument for HDB centers on Operating Margin, Free Cash Flow, Market Cap. Profitability is solid with margins at 26.8% and operating margin at 40.5%. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bull Case : MTB

The strongest argument for MTB centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 31.5% and operating margin at 38.9%. PEG of 1.37 suggests the stock is reasonably priced for its growth.

Bear Case : HDB

The primary concerns for HDB are Price/Book, Debt/Equity, Revenue Growth.

Bear Case : MTB

The primary concerns for MTB are Altman Z-Score.

Key Dynamics to Monitor

HDB profiles as a declining stock while MTB is a mature play — different risk/reward profiles.

MTB carries more volatility with a beta of 0.59 — expect wider price swings.

MTB is growing revenue faster at 5.7% — sustainability is the question.

HDB generates stronger free cash flow (1.7T), providing more financial flexibility.

Bottom Line

MTB scores higher overall (77/100 vs 68/100), backed by strong 31.5% margins. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

HDFC Bank Limited ADR

FINANCIAL SERVICES · BANKS - REGIONAL · USA

HDFC Bank Limited offers various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong and Dubai. The company is headquartered in Mumbai, India.

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M&T Bank Corporation

FINANCIAL SERVICES · BANKS - REGIONAL · USA

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York.

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