Fundamental Analysis of HANOVER BANCORP INC/NY(NASDAQ:HNVR) stock

Fundamental Rating

We assign a fundamental rating of 3 out of 10 to HNVR. HNVR was compared to 411 industry peers in the Banks industry. The financial health of HNVR is average, but there are quite some concerns on its profitability. HNVR is valued correctly, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year HNVR was profitable.

1.2 Ratios

With a Return On Assets value of 0.58%, HNVR is not doing good in the industry: 72.82% of the companies in the same industry are doing better.

HNVR has a Return On Equity of 7.17%. This is in the lower half of the industry: HNVR underperforms 65.78% of its industry peers.

		Industry Rank	Sector Rank
ROA	0.58%
ROE	7.17%
ROIC	N/A

ROA(3y)N/A

ROA(5y)N/A

ROE(3y)N/A

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

HNVR's Profit Margin of 21.18% is on the low side compared to the rest of the industry. HNVR is outperformed by 60.19% of its industry peers.

The Operating Margin and Gross Margin are not available for HNVR so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	21.18%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

HNVR does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, HNVR has less shares outstanding

HNVR has a better debt/assets ratio than last year.

2.2 Solvency

There is no outstanding debt for HNVR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACCN/A

WACC18.61%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

HNVR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.25%.

HNVR shows a decrease in Revenue. In the last year, the revenue decreased by -9.68%.

EPS 1Y (TTM)-44.25%

EPS 3YN/A

EPS 5YN/A

EPS growth Q2Q12.5%

Revenue 1Y (TTM)-9.68%

Revenue growth 3YN/A

Revenue growth 5YN/A

Revenue growth Q2QN/A

3.2 Future

The Earnings Per Share is expected to grow by 16.01% on average over the next years. This is quite good.

The Revenue is expected to grow by 8.57% on average over the next years. This is quite good.

EPS Next Y-6.46%

EPS Next 2Y16.01%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-10.46%

Revenue Next 2Y8.57%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.05, the valuation of HNVR can be described as very reasonable.

Based on the Price/Earnings ratio, HNVR is valued cheaply inside the industry as 80.58% of the companies are valued more expensively.

The average S&P500 Price/Earnings ratio is at 28.60. HNVR is valued rather cheaply when compared to this.

A Price/Forward Earnings ratio of 5.98 indicates a rather cheap valuation of HNVR.

HNVR's Price/Forward Earnings ratio is rather cheap when compared to the industry. HNVR is cheaper than 92.23% of the companies in the same industry.

HNVR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.15.

		Industry Rank	Sector Rank
PE	8.05
Fwd PE	5.98

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

HNVR's earnings are expected to grow with 16.01% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y16.01%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

HNVR has a Yearly Dividend Yield of 2.42%.

HNVR's Dividend Yield is slightly below the industry average, which is at 3.65.

Compared to an average S&P500 Dividend Yield of 2.32, HNVR has a dividend comparable with the average S&P500 company.

		Industry Rank	Sector Rank
Dividend Yield	2.42%

5.2 History

HNVR has paid a dividend for less than 5 years, so there is no long track record yet.

Dividend Growth(5Y)N/A

Div Incr Years1

Div Non Decr Years1

5.3 Sustainability

HNVR pays out 27.61% of its income as dividend. This is a sustainable payout ratio.

DP27.61%

EPS Next 2Y16.01%

EPS Next 3YN/A

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HANOVER BANCORP INC/NY

NASDAQ:HNVR (5/17/2024, 7:04:19 PM)

16.5

0 (0%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap119.63M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	2.42%

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	8.05
Fwd PE	5.98
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	0.58%
ROE	7.17%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	21.18%
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.03

Health

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

Growth

EPS 1Y (TTM)-44.25%

EPS 3YN/A

EPS 5Y

EPS growth Q2Q

EPS Next Y-6.46%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)-9.68%

Revenue growth 3YN/A

Revenue growth 5Y

Revenue growth Q2Q

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

HANOVER BANCORP INC/NY (HNVR)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens