ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis
NYSE:ASB - New York Stock Exchange, Inc. - US0454871056 - Common Stock - Currency: USD
Taking everything into account, ASB scores 3 out of 10 in our fundamental rating. ASB was compared to 397 industry peers in the Banks industry. ASB may be in some trouble as it scores bad on both profitability and health. ASB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASB was profitable.
ASB had a positive operating cash flow in the past year.
In the past 5 years ASB has always been profitable.
Each year in the past 5 years ASB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ASB (0.30%) is worse than 84.63% of its industry peers.
With a Return On Equity value of 2.80%, ASB is not doing good in the industry: 84.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.3% | ||
| ROE | 2.8% | ||
| 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's Profit Margin of 12.39% is on the low side compared to the rest of the industry. ASB is outperformed by 81.61% of its industry peers.
In the last couple of years the Profit Margin of ASB has declined.
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) | 12.39% | ||
| 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
ASB has a worse debt/assets ratio than last year.
2.2 Solvency
ASB has a debt to FCF ratio of 1.88. This is a very positive value and a sign of high solvency as it would only need 1.88 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.88, ASB is in line with its industry, outperforming 50.13% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that ASB is not too dependend on debt financing.
ASB has a Debt to Equity ratio (0.19) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.88 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.37%
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 16.82%, which is quite good.
ASB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.84% yearly.
Looking at the last year, ASB shows a decrease in Revenue. The Revenue has decreased by -2.73% in the last year.
Measured over the past years, ASB shows a decrease in Revenue. The Revenue has been decreasing by -3.13% on average per year.
EPS 1Y (TTM)16.82%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%21.15%
Revenue 1Y (TTM)-2.73%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%6.78%
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 8.95% yearly.
ASB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.23% yearly.
EPS Next Y6.51%
EPS Next 2Y7%
EPS Next 3Y8.95%
EPS Next 5YN/A
Revenue Next Year18.53%
Revenue Next 2Y12.12%
Revenue Next 3Y11.23%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
ASB is valuated reasonably with a Price/Earnings ratio of 10.22.
ASB's Price/Earnings ratio is rather cheap when compared to the industry. ASB is cheaper than 81.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of ASB to the average of the S&P500 Index (27.30), we can say ASB is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.33, the valuation of ASB can be described as very reasonable.
Based on the Price/Forward Earnings ratio, ASB is valued a bit cheaper than the industry average as 65.24% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ASB to the average of the S&P500 Index (21.76), we can say ASB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 9.33 |
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 75.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.82 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.57
PEG (5Y)2.66
EPS Next 2Y7%
EPS Next 3Y8.95%
5. Dividend
5.1 Amount
ASB has a Yearly Dividend Yield of 3.55%.
Compared to an average industry Dividend Yield of 3.31, ASB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, ASB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
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
ASB pays out 118.55% 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.
DP118.55%
EPS Next 2Y7%
EPS Next 3Y8.95%
25.54
-0.35 (-1.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.49%
Inst Owner Change-0.02%
Ins Owners0.78%
Ins Owner Change6.89%
Market Cap4.23B
Analysts69.23
Price Target26.93 (5.44%)
Short Float %3.5%
Short Ratio4.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Yearly Dividend0.95
Dividend Growth(5Y)3.73%
DP118.55%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.75%
Min EPS beat(2)5.36%
Max EPS beat(2)8.15%
EPS beat(4)4
Avg EPS beat(4)16.37%
Min EPS beat(4)5.36%
Max EPS beat(4)40.57%
EPS beat(8)7
Avg EPS beat(8)8.32%
EPS beat(12)11
Avg EPS beat(12)8.72%
EPS beat(16)15
Avg EPS beat(16)11.64%
Revenue beat(2)1
Avg Revenue beat(2)16.89%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)35.66%
Revenue beat(4)1
Avg Revenue beat(4)7.03%
Min Revenue beat(4)-3.72%
Max Revenue beat(4)35.66%
Revenue beat(8)2
Avg Revenue beat(8)7.33%
Revenue beat(12)4
Avg Revenue beat(12)5.19%
Revenue beat(16)5
Avg Revenue beat(16)3.51%
PT rev (1m)0%
PT rev (3m)-4.19%
EPS NQ rev (1m)0.34%
EPS NQ rev (3m)4.27%
EPS NY rev (1m)-0.24%
EPS NY rev (3m)2.38%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.6%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 9.33 | ||
| P/S | 4 | ||
| P/FCF | 8.82 | ||
| P/OCF | 8.08 | ||
| P/B | 0.9 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.5
EY9.79%
EPS(NY)2.74
Fwd EY10.71%
FCF(TTM)2.89
FCFY11.33%
OCF(TTM)3.16
OCFY12.37%
SpS6.39
BVpS28.26
TBVpS20.9
PEG (NY)1.57
PEG (5Y)2.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.3% | ||
| ROE | 2.8% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 12.39% | ||
| GM | N/A | ||
| FCFM | 45.29% |
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
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-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.88 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 74.15% | ||
| Cap/Sales | 4.15% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 365.41% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC19.37%
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)16.82%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%21.15%
EPS Next Y6.51%
EPS Next 2Y7%
EPS Next 3Y8.95%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.73%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%6.78%
Revenue Next Year18.53%
Revenue Next 2Y12.12%
Revenue Next 3Y11.23%
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-18.44%
FCF growth 3Y3.89%
FCF growth 5Y1.1%
OCF growth 1Y-19.15%
OCF growth 3Y3.09%
OCF growth 5Y0.21%