ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASB - US0454871056 - Common Stock
27.3 USD
+1.15 (+4.4%)
27.3 USD
0 (0%)
Taking everything into account, ASB scores 4 out of 10 in our fundamental rating. ASB was compared to 383 industry peers in the Banks industry. Both the profitability and financial health of ASB have multiple concerns. ASB may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
- In the past year ASB was profitable.
- In the past year ASB had a positive cash flow from operations.
- Each year in the past 5 years ASB has been profitable.
- In the past 5 years ASB always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 0.37%, ASB is not doing good in the industry: 84.33% of the companies in the same industry are doing better.
- ASB has a Return On Equity of 3.36%. This is amonst the worse of the industry: ASB underperforms 84.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROIC | N/A |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- ASB has a Profit Margin of 14.09%. This is in the lower half of the industry: ASB underperforms 78.59% of its industry peers.
- In the last couple of years the Profit Margin of ASB has declined.
- ASB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 14.09% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
- The number of shares outstanding for ASB has been increased compared to 1 year ago.
- Compared to 5 years ago, ASB has more shares outstanding
- Compared to 1 year ago, ASB has a worse debt to assets ratio.
2.2 Solvency
- ASB has a debt to FCF ratio of 1.77. This is a very positive value and a sign of high solvency as it would only need 1.77 years to pay back of all of its debts.
- ASB has a Debt to FCF ratio (1.77) which is in line with its industry peers.
- ASB has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of ASB (0.20) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.96%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- ASB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.79%, which is quite good.
- Measured over the past 5 years, ASB shows a small growth in Earnings Per Share. The EPS has been growing by 3.84% on average per year.
- Looking at the last year, ASB shows a small growth in Revenue. The Revenue has grown by 5.93% in the last year.
- ASB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.13% yearly.
EPS 1Y (TTM)9.79%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%30.36%
Revenue 1Y (TTM)5.93%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%17.21%
3.2 Future
- ASB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.26% yearly.
- The Revenue is expected to grow by 13.09% on average over the next years. This is quite good.
EPS Next Y13.46%
EPS Next 2Y8.77%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue Next Year21.27%
Revenue Next 2Y15.83%
Revenue Next 3Y13.09%
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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 10.58 indicates a reasonable valuation of ASB.
- Compared to the rest of the industry, the Price/Earnings ratio of ASB indicates a rather cheap valuation: ASB is cheaper than 80.68% of the companies listed in the same industry.
- ASB is valuated cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 9.66, which indicates a very decent valuation of ASB.
- 70.76% of the companies in the same industry are more expensive than ASB, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, ASB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 9.66 |
4.2 Price Multiples
- 80.68% of the companies in the same industry are more expensive than ASB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.05 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- ASB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.79
PEG (5Y)2.76
EPS Next 2Y8.77%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.60%, ASB has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.85, ASB pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, ASB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.73%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
- 101.18% of the earnings are spent on dividend by ASB. This is not a sustainable payout ratio.
- ASB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP101.18%
EPS Next 2Y8.77%
EPS Next 3Y10.26%
27.3
+1.15 (+4.4%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-23 2025-10-23/amc
Earnings (Next)01-22 2026-01-22/amc
Inst Owners87.31%
Inst Owner Change0.21%
Ins Owners0.77%
Ins Owner Change-0.59%
Market Cap4.53B
Revenue(TTM)1.16B
Net Income(TTM)163.70M
Analysts68.57
Price Target29.99 (9.85%)
Short Float %2.97%
Short Ratio2.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
Yearly Dividend0.95
Dividend Growth(5Y)3.73%
DP101.18%
Div Incr Years13
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.47%
Min EPS beat(2)4.04%
Max EPS beat(2)6.9%
EPS beat(4)4
Avg EPS beat(4)6.11%
Min EPS beat(4)4.04%
Max EPS beat(4)8.15%
EPS beat(8)8
Avg EPS beat(8)10.29%
EPS beat(12)11
Avg EPS beat(12)7.02%
EPS beat(16)15
Avg EPS beat(16)9.65%
Revenue beat(2)2
Avg Revenue beat(2)0.83%
Min Revenue beat(2)0.23%
Max Revenue beat(2)1.43%
Revenue beat(4)3
Avg Revenue beat(4)8.86%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)35.66%
Revenue beat(8)4
Avg Revenue beat(8)8.3%
Revenue beat(12)4
Avg Revenue beat(12)4.7%
Revenue beat(16)7
Avg Revenue beat(16)3.84%
PT rev (1m)0.68%
PT rev (3m)2.8%
EPS NQ rev (1m)1.15%
EPS NQ rev (3m)2.8%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)2.42%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 9.66 | ||
| P/S | 3.9 | ||
| P/FCF | 8.05 | ||
| P/OCF | 7.49 | ||
| P/B | 0.93 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.58
EY9.45%
EPS(NY)2.83
Fwd EY10.36%
FCF(TTM)3.39
FCFY12.43%
OCF(TTM)3.64
OCFY13.35%
SpS7
BVpS29.34
TBVpS22.02
PEG (NY)0.79
PEG (5Y)2.76
Graham Number41.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 14.09% | ||
| GM | N/A | ||
| FCFM | 48.45% |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
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 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 70.74% | ||
| Cap/Sales | 3.6% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 343.83% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC18.96%
ROIC/WACCN/A
Cap/Depr(3y)101.71%
Cap/Depr(5y)88.11%
Cap/Sales(3y)5%
Cap/Sales(5y)4.84%
Profit Quality(3y)309.46%
Profit Quality(5y)249.06%
High Growth Momentum
Growth
EPS 1Y (TTM)9.79%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%30.36%
EPS Next Y13.46%
EPS Next 2Y8.77%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue 1Y (TTM)5.93%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%17.21%
Revenue Next Year21.27%
Revenue Next 2Y15.83%
Revenue Next 3Y13.09%
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 1Y27.46%
FCF growth 3Y3.89%
FCF growth 5Y1.1%
OCF growth 1Y20.37%
OCF growth 3Y3.09%
OCF growth 5Y0.21%
ASSOCIATED BANC-CORP / ASB FAQ
What is the ChartMill fundamental rating of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ASB.
What is the valuation status for ASB stock?
ChartMill assigns a valuation rating of 7 / 10 to ASSOCIATED BANC-CORP (ASB). This can be considered as Undervalued.
How profitable is ASSOCIATED BANC-CORP (ASB) stock?
ASSOCIATED BANC-CORP (ASB) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for ASB stock?
The Price/Earnings (PE) ratio for ASSOCIATED BANC-CORP (ASB) is 10.58 and the Price/Book (PB) ratio is 0.93.
How sustainable is the dividend of ASSOCIATED BANC-CORP (ASB) stock?
The dividend rating of ASSOCIATED BANC-CORP (ASB) is 6 / 10 and the dividend payout ratio is 101.18%.