ASSOCIATED BANC-CORP (ASB) Fundamental Analysis & Valuation

NYSE:ASB • US0454871056

Current stock price

28.08 USD
+0.73 (+2.67%)
At close:
28.08 USD
0 (0%)
After Hours:

This ASB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ASB Profitability Analysis

1.1 Basic Checks

  • ASB had positive earnings in the past year.
  • In the past year ASB had a positive cash flow from operations.
  • Each year in the past 5 years ASB has been profitable.
  • ASB had a positive operating cash flow in each of the past 5 years.
ASB Yearly Net Income VS EBIT VS OCF VS FCFASB 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 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.02%, ASB is in line with its industry, outperforming 56.12% of the companies in the same industry.
  • ASB's Return On Equity of 9.27% is in line compared to the rest of the industry. ASB outperforms 50.00% of its industry peers.
Industry RankSector Rank
ROA 1.02%
ROE 9.27%
ROIC N/A
ROA(3y)0.56%
ROA(5y)0.71%
ROE(3y)5.25%
ROE(5y)6.55%
ROIC(3y)N/A
ROIC(5y)N/A
ASB Yearly ROA, ROE, ROICASB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • With a decent Profit Margin value of 30.99%, ASB is doing good in the industry, outperforming 78.19% of the companies in the same industry.
  • ASB's Profit Margin has improved in the last couple of years.
  • ASB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 30.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.92%
PM growth 5Y6.68%
GM growth 3YN/A
GM growth 5YN/A
ASB Yearly Profit, Operating, Gross MarginsASB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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3

2. ASB Health Analysis

2.1 Basic Checks

  • ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • ASB has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ASB has been increased compared to 5 years ago.
  • Compared to 1 year ago, ASB has an improved debt to assets ratio.
ASB Yearly Shares OutstandingASB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ASB Yearly Total Debt VS Total AssetsASB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • ASB has a debt to FCF ratio of 1.56. This is a very positive value and a sign of high solvency as it would only need 1.56 years to pay back of all of its debts.
  • ASB has a Debt to FCF ratio of 1.56. This is comparable to the rest of the industry: ASB outperforms 56.12% of its industry peers.
  • ASB has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • ASB has a Debt to Equity ratio (0.18) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.56
Altman-Z N/A
ROIC/WACCN/A
WACC15.75%
ASB Yearly LT Debt VS Equity VS FCFASB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ASB Yearly Current Assets VS Current LiabilitesASB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. ASB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.20% over the past year.
  • Measured over the past years, ASB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.95% on average per year.
  • Looking at the last year, ASB shows a very strong growth in Revenue. The Revenue has grown by 43.33%.
  • Measured over the past years, ASB shows a small growth in Revenue. The Revenue has been growing by 3.10% on average per year.
EPS 1Y (TTM)15.2%
EPS 3Y6.14%
EPS 5Y18.95%
EPS Q2Q%11.11%
Revenue 1Y (TTM)43.33%
Revenue growth 3Y6.26%
Revenue growth 5Y3.1%
Sales Q2Q%12.32%

3.2 Future

  • Based on estimates for the next years, ASB will show a small growth in Earnings Per Share. The EPS will grow by 7.43% on average per year.
  • The Revenue is expected to grow by 10.29% on average over the next years. This is quite good.
EPS Next Y0.58%
EPS Next 2Y7.01%
EPS Next 3Y7.43%
EPS Next 5YN/A
Revenue Next Year15.48%
Revenue Next 2Y12.12%
Revenue Next 3Y10.29%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ASB Yearly Revenue VS EstimatesASB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
ASB Yearly EPS VS EstimatesASB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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6

4. ASB Valuation Analysis

4.1 Price/Earnings Ratio

  • ASB is valuated reasonably with a Price/Earnings ratio of 9.75.
  • 84.57% of the companies in the same industry are more expensive than ASB, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.35, ASB is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.73 indicates a reasonable valuation of ASB.
  • 80.32% of the companies in the same industry are more expensive than ASB, based on the Price/Forward Earnings ratio.
  • ASB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.23.
Industry RankSector Rank
PE 9.75
Fwd PE 8.73
ASB Price Earnings VS Forward Price EarningsASB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, ASB is valued cheaper than 83.24% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.01
EV/EBITDA N/A
ASB Per share dataASB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)16.83
PEG (5Y)0.51
EPS Next 2Y7.01%
EPS Next 3Y7.43%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. ASB Dividend Analysis

5.1 Amount

  • ASB has a Yearly Dividend Yield of 3.51%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.55, ASB pays a bit more dividend than its industry peers.
  • ASB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.51%

5.2 History

  • The dividend of ASB has a limited annual growth rate of 3.73%.
  • ASB has paid a dividend for at least 10 years, which is a reliable track record.
  • ASB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.73%
Div Incr Years14
Div Non Decr Years15
ASB Yearly Dividends per shareASB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • ASB pays out 36.29% of its income as dividend. This is a sustainable payout ratio.
  • ASB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.29%
EPS Next 2Y7.01%
EPS Next 3Y7.43%
ASB Yearly Income VS Free CF VS DividendASB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
ASB Dividend Payout.ASB Dividend Payout, showing the Payout Ratio.ASB Dividend Payout.PayoutRetained Earnings

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ASB Fundamentals: All Metrics, Ratios and Statistics

ASSOCIATED BANC-CORP

NYSE:ASB (4/27/2026, 8:04:00 PM)

After market: 28.08 0 (0%)

28.08

+0.73 (+2.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23
Earnings (Next)07-22
Inst Owners87.66%
Inst Owner Change0.53%
Ins Owners1.89%
Ins Owner Change3.37%
Market Cap4.64B
Revenue(TTM)1.49B
Net Income(TTM)461.00M
Analysts71.43
Price Target30.7 (9.33%)
Short Float %3.83%
Short Ratio2.51
Dividend
Industry RankSector Rank
Dividend Yield 3.51%
Yearly Dividend1.01
Dividend Growth(5Y)3.73%
DP36.29%
Div Incr Years14
Div Non Decr Years15
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10%
Min EPS beat(2)6.9%
Max EPS beat(2)13.11%
EPS beat(4)4
Avg EPS beat(4)8.05%
Min EPS beat(4)4.04%
Max EPS beat(4)13.11%
EPS beat(8)8
Avg EPS beat(8)11.79%
EPS beat(12)11
Avg EPS beat(12)7.69%
EPS beat(16)15
Avg EPS beat(16)9.48%
Revenue beat(2)2
Avg Revenue beat(2)1.12%
Min Revenue beat(2)0.81%
Max Revenue beat(2)1.43%
Revenue beat(4)3
Avg Revenue beat(4)0.15%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)1.43%
Revenue beat(8)4
Avg Revenue beat(8)3.62%
Revenue beat(12)5
Avg Revenue beat(12)4.77%
Revenue beat(16)7
Avg Revenue beat(16)3.84%
PT rev (1m)-0.33%
PT rev (3m)2.38%
EPS NQ rev (1m)0.71%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)-0.59%
EPS NY rev (3m)-0.56%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)2.48%
Valuation
Industry RankSector Rank
PE 9.75
Fwd PE 8.73
P/S 3.12
P/FCF 8.01
P/OCF 7.54
P/B 0.93
P/tB 1.23
EV/EBITDA N/A
EPS(TTM)2.88
EY10.26%
EPS(NY)3.22
Fwd EY11.46%
FCF(TTM)3.5
FCFY12.48%
OCF(TTM)3.72
OCFY13.26%
SpS9
BVpS30.09
TBVpS22.75
PEG (NY)16.83
PEG (5Y)0.51
Graham Number44.1594 (57.26%)
Profitability
Industry RankSector Rank
ROA 1.02%
ROE 9.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 30.99%
GM N/A
FCFM 38.94%
ROA(3y)0.56%
ROA(5y)0.71%
ROE(3y)5.25%
ROE(5y)6.55%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.92%
PM growth 5Y6.68%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.56
Debt/EBITDA N/A
Cap/Depr 61.48%
Cap/Sales 2.45%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 125.67%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC15.75%
ROIC/WACCN/A
Cap/Depr(3y)83.43%
Cap/Depr(5y)87.31%
Cap/Sales(3y)4.13%
Cap/Sales(5y)4.48%
Profit Quality(3y)277.2%
Profit Quality(5y)239.6%
High Growth Momentum
Growth
EPS 1Y (TTM)15.2%
EPS 3Y6.14%
EPS 5Y18.95%
EPS Q2Q%11.11%
EPS Next Y0.58%
EPS Next 2Y7.01%
EPS Next 3Y7.43%
EPS Next 5YN/A
Revenue 1Y (TTM)43.33%
Revenue growth 3Y6.26%
Revenue growth 5Y3.1%
Sales Q2Q%12.32%
Revenue Next Year15.48%
Revenue Next 2Y12.12%
Revenue Next 3Y10.29%
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 1Y8.23%
FCF growth 3Y-9.59%
FCF growth 5Y3.18%
OCF growth 1Y6.11%
OCF growth 3Y-10.07%
OCF growth 5Y2.28%

ASSOCIATED BANC-CORP / ASB Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ASSOCIATED BANC-CORP (ASB) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ASB.


What is the valuation status for ASB stock?

ChartMill assigns a valuation rating of 6 / 10 to ASSOCIATED BANC-CORP (ASB). This can be considered as Fairly Valued.


Can you provide the profitability details for ASSOCIATED BANC-CORP?

ASSOCIATED BANC-CORP (ASB) has a profitability rating of 4 / 10.


How financially healthy is ASSOCIATED BANC-CORP?

The financial health rating of ASSOCIATED BANC-CORP (ASB) is 3 / 10.


How sustainable is the dividend of ASSOCIATED BANC-CORP (ASB) stock?

The dividend rating of ASSOCIATED BANC-CORP (ASB) is 8 / 10 and the dividend payout ratio is 36.29%.