ASSOCIATED BANC-CORP(NYSE:ASB) stock Fundamental Analysis

Fundamental Rating

Overall ASB gets a fundamental rating of 3 out of 10. We evaluated ASB against 404 industry peers in the Banks industry. Both the profitability and financial health of ASB have multiple concerns. ASB has a valuation in line with the averages, but it does not seem to be growing. ASB also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

In the past year ASB was profitable.

ASB had a positive operating cash flow in the past year.

ASB had positive earnings in 4 of the past 5 years.

ASB had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

With a Return On Assets value of 0.43%, ASB is not doing good in the industry: 76.88% of the companies in the same industry are doing better.

Looking at the Return On Equity, with a value of 4.11%, ASB is doing worse than 80.15% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	0.43%
ROE	4.11%
ROIC	N/A

ROA(3y)0.75%

ROA(5y)0.81%

ROE(3y)7.03%

ROE(5y)7.2%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

With a Profit Margin value of 16.55%, ASB is not doing good in the industry: 72.36% of the companies in the same industry are doing better.

ASB's Profit Margin has declined 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 Rank	Sector Rank
OM	N/A
PM (TTM)	16.55%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-11.67%

PM growth 5Y-9.88%

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

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

ASB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

ASB has a debt to FCF ratio of 4.54. This is a neutral value as ASB would need 4.54 years to pay back of all of its debts.

With a Debt to FCF ratio value of 4.54, ASB is not doing good in the industry: 61.31% of the companies in the same industry are doing better.

ASB has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.

With a Debt to Equity ratio value of 0.40, ASB is not doing good in the industry: 72.86% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Debt/Equity	0.4
Debt/FCF	4.54
Altman-Z	N/A

ROIC/WACCN/A

WACC13.78%

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

The Earnings Per Share has been growing slightly by 4.82% over the past year.

ASB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.84% yearly.

EPS 1Y (TTM)4.82%

EPS 3Y2.96%

EPS 5Y3.84%

EPS Q2Q%7.55%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-11.01%

3.2 Future

ASB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.36% yearly.

Based on estimates for the next years, ASB will show a quite strong growth in Revenue. The Revenue will grow by 12.01% on average per year.

EPS Next Y3.52%

EPS Next 2Y7.36%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year18.53%

Revenue Next 2Y12.01%

Revenue Next 3YN/A

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.

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4. Valuation

4.1 Price/Earnings Ratio

ASB is valuated reasonably with a Price/Earnings ratio of 10.40.

Compared to the rest of the industry, the Price/Earnings ratio of ASB indicates a somewhat cheap valuation: ASB is cheaper than 79.15% of the companies listed in the same industry.

The average S&P500 Price/Earnings ratio is at 29.98. ASB is valued rather cheaply when compared to this.

ASB is valuated reasonably with a Price/Forward Earnings ratio of 10.04.

71.86% of the companies in the same industry are more expensive than ASB, based on the Price/Forward Earnings ratio.

When comparing the Price/Forward Earnings ratio of ASB to the average of the S&P500 Index (22.66), we can say ASB is valued rather cheaply.

		Industry Rank	Sector Rank
PE	10.4
Fwd PE	10.04

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASB indicates a somewhat cheap valuation: ASB is cheaper than 66.58% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	10.58
EV/EBITDA	N/A

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)2.96

PEG (5Y)2.71

EPS Next 2Y7.36%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

ASB has a Yearly Dividend Yield of 3.72%.

ASB's Dividend Yield is a higher than the industry average which is at 3.25.

Compared to an average S&P500 Dividend Yield of 2.30, ASB pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	3.72%

5.2 History

The dividend of ASB has a limited annual growth rate of 5.01%.

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)5.01%

Div Incr Years13

Div Non Decr Years14

5.3 Sustainability

ASB pays out 80.26% of its income as dividend. This is not a sustainable payout ratio.

ASB's earnings are growing more than its dividend. This makes the dividend growth sustainable.

DP80.26%

EPS Next 2Y7.36%

EPS Next 3YN/A

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ASSOCIATED BANC-CORP

NYSE:ASB (2/28/2025, 8:04:00 PM)

After market: 24.85 0 (0%)

24.85

+0.14 (+0.57%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)01-23 2025-01-23/amc

Earnings (Next)04-23 2025-04-23/amc

Inst Owners87.74%

Inst Owner Change12.23%

Ins Owners0.86%

Ins Owner Change3.39%

Market Cap4.10B

Analysts67.69

Price Target28.67 (15.37%)

Short Float %2.39%

Short Ratio2.58

Dividend

		Industry Rank	Sector Rank
Dividend Yield	3.72%

Yearly Dividend0.94

Dividend Growth(5Y)5.01%

DP80.26%

Div Incr Years13

Div Non Decr Years14

Ex-Date03-03 2025-03-03 (0.23)

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)25.98%

Min EPS beat(2)11.39%

Max EPS beat(2)40.57%

EPS beat(4)4

Avg EPS beat(4)14.48%

Min EPS beat(4)1.17%

Max EPS beat(4)40.57%

EPS beat(8)7

Avg EPS beat(8)7.47%

EPS beat(12)11

Avg EPS beat(12)10.83%

EPS beat(16)15

Avg EPS beat(16)14.43%

Revenue beat(2)0

Avg Revenue beat(2)-2.83%

Min Revenue beat(2)-3.72%

Max Revenue beat(2)-1.95%

Revenue beat(4)1

Avg Revenue beat(4)7.74%

Min Revenue beat(4)-3.72%

Max Revenue beat(4)38.28%

Revenue beat(8)1

Avg Revenue beat(8)2.61%

Revenue beat(12)4

Avg Revenue beat(12)2.16%

Revenue beat(16)5

Avg Revenue beat(16)1.5%

PT rev (1m)0.8%

PT rev (3m)5.86%

EPS NQ rev (1m)0%

EPS NQ rev (3m)2.79%

EPS NY rev (1m)0%

EPS NY rev (3m)0.81%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-26.12%

Revenue NY rev (1m)0.08%

Revenue NY rev (3m)-6.69%

Valuation

		Industry Rank	Sector Rank
PE	10.4
Fwd PE	10.04
P/S	3.74
P/FCF	10.58
P/OCF	9.37
P/B	0.93
P/tB	1.28
EV/EBITDA	N/A

EPS(TTM)2.39

EY9.62%

EPS(NY)2.47

Fwd EY9.96%

FCF(TTM)2.35

FCFY9.46%

OCF(TTM)2.65

OCFY10.68%

SpS6.65

BVpS26.75

TBVpS19.35

PEG (NY)2.96

PEG (5Y)2.71

Profitability

		Industry Rank	Sector Rank
ROA	0.43%
ROE	4.11%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	16.55%
GM	N/A
FCFM	35.36%

ROA(3y)0.75%

ROA(5y)0.81%

ROE(3y)7.03%

ROE(5y)7.2%

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-11.67%

PM growth 5Y-9.88%

GM growth 3YN/A

GM growth 5YN/A

F-Score5

Asset Turnover0.03

Health

		Industry Rank	Sector Rank
Debt/Equity	0.4
Debt/FCF	4.54
Debt/EBITDA	N/A
Cap/Depr	86.95%
Cap/Sales	4.56%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	213.62%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score5

WACC13.78%

ROIC/WACCN/A

Cap/Depr(3y)99.01%

Cap/Depr(5y)89.28%

Cap/Sales(3y)5.2%

Cap/Sales(5y)5.09%

Profit Quality(3y)196.65%

Profit Quality(5y)185.33%

High Growth Momentum

Growth

EPS 1Y (TTM)4.82%

EPS 3Y2.96%

EPS 5Y3.84%

EPS Q2Q%7.55%

EPS Next Y3.52%

EPS Next 2Y7.36%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-11.01%

Revenue Next Year18.53%

Revenue Next 2Y12.01%

Revenue Next 3YN/A

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-52.97%

FCF growth 3Y-8.38%

FCF growth 5Y-2.43%

OCF growth 1Y-50.69%

OCF growth 3Y-6.98%

OCF growth 5Y-2.27%

ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis

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