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ALERUS FINANCIAL CORP (ALRS) Stock Fundamental Analysis

NASDAQ:ALRS - Nasdaq - US01446U1034 - Common Stock

20  -0.29 (-1.43%)

Fundamental Rating

3

Taking everything into account, ALRS scores 3 out of 10 in our fundamental rating. ALRS was compared to 101 industry peers in the Financial Services industry. ALRS may be in some trouble as it scores bad on both profitability and health. ALRS is not valued too expensively and it also shows a decent growth rate. ALRS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year ALRS was profitable.
In the past year ALRS had a positive cash flow from operations.
ALRS had positive earnings in each of the past 5 years.
ALRS had a positive operating cash flow in 4 of the past 5 years.
ALRS Yearly Net Income VS EBIT VS OCF VS FCFALRS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M

1.2 Ratios

With a Return On Assets value of 0.08%, ALRS is not doing good in the industry: 69.31% of the companies in the same industry are doing better.
ALRS has a Return On Equity of 0.82%. This is in the lower half of the industry: ALRS underperforms 69.31% of its industry peers.
Industry RankSector Rank
ROA 0.08%
ROE 0.82%
ROIC N/A
ROA(3y)0.96%
ROA(5y)1.11%
ROE(3y)9.57%
ROE(5y)10.42%
ROIC(3y)N/A
ROIC(5y)N/A
ALRS Yearly ROA, ROE, ROICALRS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

ALRS has a worse Profit Margin (1.85%) than 67.33% of its industry peers.
In the last couple of years the Profit Margin of ALRS has declined.
The Operating Margin and Gross Margin are not available for ALRS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 1.85%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-28.22%
PM growth 5Y-13.72%
GM growth 3YN/A
GM growth 5YN/A
ALRS Yearly Profit, Operating, Gross MarginsALRS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

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2

2. Health

2.1 Basic Checks

ALRS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ALRS has been reduced compared to 1 year ago.
Compared to 5 years ago, ALRS has more shares outstanding
Compared to 1 year ago, ALRS has an improved debt to assets ratio.
ALRS Yearly Shares OutstandingALRS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
ALRS Yearly Total Debt VS Total AssetsALRS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

ALRS has a debt to FCF ratio of 11.50. This is a negative value and a sign of low solvency as ALRS would need 11.50 years to pay back of all of its debts.
ALRS has a Debt to FCF ratio of 11.50. This is comparable to the rest of the industry: ALRS outperforms 48.51% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that ALRS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.27, ALRS is in the better half of the industry, outperforming 62.38% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 11.5
Altman-Z N/A
ROIC/WACCN/A
WACC11.68%
ALRS Yearly LT Debt VS Equity VS FCFALRS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ALRS Yearly Current Assets VS Current LiabilitesALRS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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4

3. Growth

3.1 Past

ALRS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.59%.
Measured over the past years, ALRS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.50% on average per year.
ALRS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.14%.
The Revenue has been decreasing by -1.13% on average over the past years.
EPS 1Y (TTM)-24.59%
EPS 3Y-10.66%
EPS 5Y-17.5%
EPS Q2Q%-42.22%
Revenue 1Y (TTM)-13.14%
Revenue growth 3Y-10.34%
Revenue growth 5Y-1.13%
Sales Q2Q%2.91%

3.2 Future

Based on estimates for the next years, ALRS will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.22% on average per year.
ALRS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.57% yearly.
EPS Next Y-33.71%
EPS Next 2Y10.17%
EPS Next 3Y12.22%
EPS Next 5YN/A
Revenue Next Year13.62%
Revenue Next 2Y20.03%
Revenue Next 3Y15.57%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALRS Yearly Revenue VS EstimatesALRS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
ALRS Yearly EPS VS EstimatesALRS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

ALRS is valuated correctly with a Price/Earnings ratio of 14.49.
ALRS's Price/Earnings ratio is in line with the industry average.
ALRS is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.21, the valuation of ALRS can be described as reasonable.
ALRS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ALRS is cheaper than 62.38% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. ALRS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 14.49
Fwd PE 9.21
ALRS Price Earnings VS Forward Price EarningsALRS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

ALRS's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 56.26
EV/EBITDA N/A
ALRS Per share dataALRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

ALRS's earnings are expected to grow with 12.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.17%
EPS Next 3Y12.22%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.13%, ALRS is a good candidate for dividend investing.
ALRS's Dividend Yield is rather good when compared to the industry average which is at 3.66. ALRS pays more dividend than 87.13% of the companies in the same industry.
ALRS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 4.13%

5.2 History

On average, the dividend of ALRS grows each year by 34.14%, which is quite nice.
ALRS has paid a dividend for at least 10 years, which is a reliable track record.
ALRS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)34.14%
Div Incr Years11
Div Non Decr Years11
ALRS Yearly Dividends per shareALRS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

ALRS pays out 471.64% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ALRS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP471.64%
EPS Next 2Y10.17%
EPS Next 3Y12.22%
ALRS Yearly Income VS Free CF VS DividendALRS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M
ALRS Dividend Payout.ALRS Dividend Payout, showing the Payout Ratio.ALRS Dividend Payout.PayoutRetained Earnings

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ALERUS FINANCIAL CORP

NASDAQ:ALRS (1/22/2025, 10:44:32 AM)

20

-0.29 (-1.43%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)10-29 2024-10-29/amc
Earnings (Next)01-22 2025-01-22/amc
Inst Owners38.72%
Inst Owner Change0.24%
Ins Owners4.18%
Ins Owner Change0.8%
Market Cap507.40M
Analysts76.36
Price Target23.87 (19.35%)
Short Float %0.95%
Short Ratio2.61
Dividend
Industry RankSector Rank
Dividend Yield 4.13%
Yearly Dividend0.75
Dividend Growth(5Y)34.14%
DP471.64%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-29.37%
Min EPS beat(2)-42.33%
Max EPS beat(2)-16.41%
EPS beat(4)1
Avg EPS beat(4)1.79%
Min EPS beat(4)-42.33%
Max EPS beat(4)67.97%
EPS beat(8)4
Avg EPS beat(8)5.61%
EPS beat(12)6
Avg EPS beat(12)4.85%
EPS beat(16)9
Avg EPS beat(16)8.98%
Revenue beat(2)1
Avg Revenue beat(2)-1.52%
Min Revenue beat(2)-5.71%
Max Revenue beat(2)2.66%
Revenue beat(4)2
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-5.71%
Max Revenue beat(4)2.66%
Revenue beat(8)3
Avg Revenue beat(8)-2%
Revenue beat(12)4
Avg Revenue beat(12)-2.89%
Revenue beat(16)8
Avg Revenue beat(16)-0.8%
PT rev (1m)0.86%
PT rev (3m)-1.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.6%
Valuation
Industry RankSector Rank
PE 14.49
Fwd PE 9.21
P/S 2.95
P/FCF 56.26
P/OCF 28.47
P/B 1.31
P/tB 1.56
EV/EBITDA N/A
EPS(TTM)1.38
EY6.9%
EPS(NY)2.17
Fwd EY10.86%
FCF(TTM)0.36
FCFY1.78%
OCF(TTM)0.7
OCFY3.51%
SpS6.79
BVpS15.23
TBVpS12.8
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.08%
ROE 0.82%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 1.85%
GM N/A
FCFM 5.24%
ROA(3y)0.96%
ROA(5y)1.11%
ROE(3y)9.57%
ROE(5y)10.42%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-28.22%
PM growth 5Y-13.72%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 11.5
Debt/EBITDA N/A
Cap/Depr 102.6%
Cap/Sales 5.11%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 283.53%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC11.68%
ROIC/WACCN/A
Cap/Depr(3y)25.83%
Cap/Depr(5y)30.53%
Cap/Sales(3y)1.16%
Cap/Sales(5y)1.33%
Profit Quality(3y)253.83%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.59%
EPS 3Y-10.66%
EPS 5Y-17.5%
EPS Q2Q%-42.22%
EPS Next Y-33.71%
EPS Next 2Y10.17%
EPS Next 3Y12.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.14%
Revenue growth 3Y-10.34%
Revenue growth 5Y-1.13%
Sales Q2Q%2.91%
Revenue Next Year13.62%
Revenue Next 2Y20.03%
Revenue Next 3Y15.57%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-89.36%
FCF growth 3YN/A
FCF growth 5Y-12.32%
OCF growth 1Y-79.47%
OCF growth 3YN/A
OCF growth 5Y-11.57%