Metro Bank PLC (GB:MTRO)
LSE:MTRO
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Metro Bank
(LSE:MTRO)
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Rating:58Neutral
Price Target:
162.00 p
▲(11.57% Upside)
Action:ReiteratedDate:05/08/26
The score is most constrained by weak recent cash flow and higher leverage despite improving 2025 profitability. Technicals are supportive but appear overbought, while valuation is a positive factor due to the low P/E.
Positive Factors
2025 revenue & profitability recovery
A ~43% revenue increase and return to positive net income with ~8% margin in 2025 demonstrates the bank can rebuild core lending and fee economics. This recovery indicates the franchise can generate operating profitability over time if cash generation and capital mix trends continue to improve.
Negative Factors
Severely negative cash generation
Operating and free cash flow deficits exceeding £1bn in 2024–25 represent a material structural weakness. Persistent large outflows undermine internal funding capacity, increase reliance on wholesale or equity financing, and raise questions about the sustainability and quality of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 revenue & profitability recovery
A ~43% revenue increase and return to positive net income with ~8% margin in 2025 demonstrates the bank can rebuild core lending and fee economics. This recovery indicates the franchise can generate operating profitability over time if cash generation and capital mix trends continue to improve.
Read all positive factors
Metro Bank (MTRO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.04B
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)5.2
Beta (1Y)0.59
Revenue Growth-10.71%
EPS Growth23.10%
CountryUK
Employees3,449
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.08
Shares Outstanding673,420,800
10 Day Avg. Volume946,774
30 Day Avg. Volume1,084,048
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)0.65
Price to Sales (P/S)0.94
P/FCF Ratio-0.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£170.00Price Target Upside17.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)£658.00M
Metro Bank Business Overview & Revenue Model
Company Description
Metro Bank PLC, together with its subsidiaries, provides retail and commercial banking services in the United Kingdom. The company offers personal banking products and services, including current, cash, and savings accounts; residential mortgages;...
How the Company Makes Money
Metro Bank primarily makes money through net interest income and non-interest (fee) income typical of a retail/commercial bank. (1) Net interest income: the bank takes customer deposits (current accounts and savings) and uses those funds to origin...
Metro Bank Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
51
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 862.60M | 962.80M | 615.70M | 483.60M | 392.80M |
| Gross Profit | 583.20M | 405.30M | 615.70M | 483.60M | 392.80M |
| EBITDA | 148.90M | 0.00 | 573.10M | 445.40M | 352.60M |
| Net Income | 69.70M | 42.50M | 29.50M | -72.70M | -248.20M |
Balance Sheet | |||||
| Total Assets | 16.48B | 17.58B | 22.25B | 22.12B | 22.59B |
| Cash, Cash Equivalents and Short-Term Investments | 2.19B | 2.81B | 3.89B | 1.96B | 3.57B |
| Total Debt | 1.58B | 675.00M | 694.00M | 571.00M | 588.00M |
| Total Liabilities | 14.99B | 16.40B | 21.11B | 21.16B | 21.55B |
| Stockholders Equity | 1.24B | 1.18B | 1.13B | 956.00M | 1.03B |
Cash Flow | |||||
| Free Cash Flow | -1.12B | -1.43B | 616.00M | -1.21B | 2.81B |
| Operating Cash Flow | -1.09B | -1.39B | 628.00M | -1.19B | 2.85B |
| Investing Cash Flow | 256.00M | 327.00M | 1.02B | -402.00M | -2.25B |
| Financing Cash Flow | 206.00M | -22.00M | 291.00M | -25.00M | -29.00M |
Metro Bank Technical Analysis
Positive
145.20
Price Trends
123.45
Positive
122.12
Positive
121.23
Positive
Market Momentum
6.61
Negative
77.19
Negative
84.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTRO, the sentiment is Positive. The current price of 145.2 is above the 20-day moving average (MA) of 125.21, above the 50-day MA of 123.45, and above the 200-day MA of 121.23, indicating a bullish trend. The MACD of 6.61 indicates Negative momentum. The RSI at 77.19 is Negative, neither overbought nor oversold. The STOCH value of 84.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MTRO.
Metro Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £136.77M | 3.30 | 6.53% | 5.68% | -4.79% | -28.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £57.71B | 8.87 | 10.75% | 3.41% | -18.98% | 23.57% | |
65 Neutral | £1.40B | 5.39 | 12.75% | 4.74% | -4.98% | 3.02% | |
58 Neutral | £1.04B | 5.16 | 5.16% | ― | -10.71% | 23.10% | |
54 Neutral | £254.02M | 64.73 | 4.70% | 2.66% | 0.49% | -11.39% | |
51 Neutral | £698.77M | -2.93 | -9.28% | ― | -18.61% | 48.41% |
* Financial Sector Average
GB:MTRO
Metro Bank
156.40
45.80
41.41%
GB:CBG
Close Brothers Group
453.20
117.00
34.80%
GB:ARBB
Arbuthnot Banking
852.50
-10.16
-1.18%
GB:LLOY
Lloyds Banking
98.34
28.14
40.09%
GB:PAG
Paragon Banking Group PLC
737.00
-108.01
-12.78%
GB:STB
Secure Trust Bank
1,354.00
759.04
127.58%
Metro Bank Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Metro Bank Updates Share Count After Employee Scheme Admissions
Neutral
May 1, 2026
Metro Bank Holdings PLC has admitted 55,960 new ordinary shares to trading on the London Stock Exchange under an existing block admission for its employee share schemes, bringing the total number of ordinary shares in issue to 673,420,780. All sha...
Executive/Board ChangesFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Metro Bank publishes 2025 report and sets date for 2026 AGM
Neutral
Apr 16, 2026
Metro Bank Holdings has published its 2025 Annual Report and financial statements, together with the notice of its 2026 annual general meeting, which will take place in London on 2 June 2026. The documents are available via the bank’s websit...
Business Operations and StrategyRegulatory Filings and Compliance
Metro Bank updates share count after new employee scheme admissions
Neutral
Apr 1, 2026
Metro Bank Holdings PLC, the listed holding company of Metro Bank group, operates as a UK-focused bank offering a mix of corporate, commercial, SME and retail banking, alongside specialist mortgage lending and private banking. The group delivers s...
Regulatory Filings and Compliance
Metro Bank Director Paul Coby Increases Stake with Share Purchase
Positive
Mar 25, 2026
Metro Bank Holdings PLC reported that non-executive director Paul Coby purchased 17,350 ordinary shares of the company on 24 March 2026 at a price of £1.142 per share. The transaction, conducted on the London Stock Exchange, signals additiona...
Executive/Board Changes
Metro Bank Chairman Announces Retirement of Non-Executive Director Nicholas Winsor
Neutral
Mar 23, 2026
Metro Bank has announced that Nicholas Winsor will retire as an independent non-executive director, stepping down immediately before the company’s upcoming annual general meeting after serving on the board since April 2020. Winsor also serve...
Regulatory Filings and Compliance
Metro Bank chair Robert Sharpe buys shares in regulatory disclosure
Positive
Mar 19, 2026
Metro Bank Holdings plc disclosed that its board chair and non-executive director Robert Sharpe purchased 17,599 ordinary shares in the company on 19 March 2026 at a price of £1.11 per share. The on-market buy on the London Stock Exchange sig...
Executive/Board ChangesRegulatory Filings and Compliance
Metro Bank grants new share options to CEO and CFO under 2024 reward plan
Positive
Mar 6, 2026
Metro Bank Holdings has disclosed new share option awards to chief executive Daniel Frumkin and chief financial officer Marc Page under its 2024 Deferred Variable Reward Plan. The options, granted over a combined 809,055 ordinary shares at a nomin...
Other
Metro Bank Discloses Major Share Purchase by Gilinski-Linked Investor
Positive
Mar 6, 2026
Metro Bank Holdings has disclosed a significant share purchase by Spaldy Investments Limited, a company wholly owned by investor Jaime Gilinski Bacal, who is closely associated with a shareholder-nominated non-executive director. Spaldy acquired 5...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Metro Bank CFO and Family Boost Stakes as New Performance-Linked Award Granted
Positive
Mar 5, 2026
Metro Bank Holdings has disclosed a series of insider share purchases involving chief financial officer Marc Page and his closely associated persons, who together acquired just over 200,000 ordinary shares on 4 March on the London Stock Exchange. ...
Regulatory Filings and Compliance
Metro Bank updates total voting rights after new share admissions
Neutral
Mar 2, 2026
Metro Bank Holdings PLC has confirmed that, as of 28 February 2026, it has 673,363,591 ordinary shares in issue, all carrying voting rights, with no shares held in treasury. This total includes shares recently admitted to trading under employee sh...
Regulatory Filings and Compliance
Metro Bank discloses routine insider share sales to cover account fees
Neutral
Feb 27, 2026
Metro Bank Holdings plc has disclosed a series of small share transactions involving senior executives, in line with regulatory requirements for reporting dealings by persons discharging managerial responsibilities. The trades, conducted on the Lo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.