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

Fundamental Rating

Taking everything into account, ASB scores 3 out of 10 in our fundamental rating. ASB was compared to 405 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

ASB had positive earnings in the past year.

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

Of the past 5 years ASB 4 years were profitable.

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

1.2 Ratios

ASB's Return On Assets of 0.43% is on the low side compared to the rest of the industry. ASB is outperformed by 76.63% of its industry peers.

ASB's Return On Equity of 4.11% is on the low side compared to the rest of the industry. ASB is outperformed by 79.90% of its industry peers.

		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

ASB has a Profit Margin of 16.55%. This is in the lower half of the industry: ASB underperforms 71.11% of its industry peers.

ASB's Profit Margin has declined in the last couple of years.

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

		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.

The Debt to FCF ratio of ASB (4.54) is worse than 62.56% of its industry peers.

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

The Debt to Equity ratio of ASB (0.40) is worse than 73.62% of its industry peers.

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

ROIC/WACCN/A

WACC14.38%

2.3 Liquidity

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

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

ASB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.82%.

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.

ASB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.55% yearly.

EPS Next Y2.62%

EPS Next 2Y7.36%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year17.5%

Revenue Next 2Y11.55%

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 10.31.

Based on the Price/Earnings ratio, ASB is valued cheaply inside the industry as 81.91% of the companies are valued more expensively.

The average S&P500 Price/Earnings ratio is at 28.42. ASB is valued rather cheaply when compared to this.

Based on the Price/Forward Earnings ratio of 10.05, the valuation of ASB can be described as reasonable.

Based on the Price/Forward Earnings ratio, ASB is valued a bit cheaper than the industry average as 74.87% of the companies are valued more expensively.

Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, ASB is valued rather cheaply.

		Industry Rank	Sector Rank
PE	10.31
Fwd PE	10.05

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, ASB is valued a bit cheaper than 66.58% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	10.49
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASB does not grow enough to justify the current Price/Earnings ratio.

PEG (NY)3.93

PEG (5Y)2.69

EPS Next 2Y7.36%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.66%, ASB has a reasonable but not impressive dividend return.

ASB's Dividend Yield is a higher than the industry average which is at 3.19.

Compared to an average S&P500 Dividend Yield of 2.27, ASB pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	3.66%

5.2 History

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

ASB has been paying a dividend for at least 10 years, so it has 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)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 (1/28/2025, 8:23:32 PM)

After market: 24.65 0 (0%)

24.65

-0.3 (-1.2%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

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

Earnings (Next)N/A N/A

Inst Owners86.68%

Inst Owner Change0.36%

Ins Owners0.87%

Ins Owner Change-1.31%

Market Cap4.07B

Analysts67.69

Price Target28.22 (14.48%)

Short Float %2.23%

Short Ratio1.93

Dividend

		Industry Rank	Sector Rank
Dividend Yield	3.66%

Yearly Dividend0.94

Dividend Growth(5Y)5.01%

DP80.26%

Div Incr Years13

Div Non Decr Years14

Ex-DateN/A

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)4.18%

PT rev (3m)14.75%

EPS NQ rev (1m)0%

EPS NQ rev (3m)4.69%

EPS NY rev (1m)0%

EPS NY rev (3m)1.93%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0.4%

Revenue NY rev (1m)0%

Revenue NY rev (3m)-7.05%

Valuation

		Industry Rank	Sector Rank
PE	10.31
Fwd PE	10.05
P/S	3.71
P/FCF	10.49
P/OCF	9.29
P/B	0.92
P/tB	1.27
EV/EBITDA	N/A

EPS(TTM)2.39

EY9.7%

EPS(NY)2.45

Fwd EY9.95%

FCF(TTM)2.35

FCFY9.53%

OCF(TTM)2.65

OCFY10.76%

SpS6.65

BVpS26.75

TBVpS19.35

PEG (NY)3.93

PEG (5Y)2.69

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

WACC14.38%

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 Y2.62%

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 Year17.5%

Revenue Next 2Y11.55%

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

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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