ASSOCIATED BANC-CORP (ASB)
US0454871056 - Common Stock
Taking everything into account, ASB scores 3 out of 10 in our fundamental rating. ASB was compared to 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 on the other hand it scores bad 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.
Each year in the past 5 years ASB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.42%, ASB is doing worse than 77.56% of the companies in the same industry.
ASB's Return On Equity of 4.17% is on the low side compared to the rest of the industry. ASB is outperformed by 81.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 4.17% | ||
| 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 16.25%, ASB is not doing good in the industry: 71.32% of the companies in the same industry are doing better.
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) | 16.25% | ||
| 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
2. Health
2.1 Basic Checks
ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ASB has more shares outstanding
Compared to 5 years ago, ASB has less shares outstanding
Compared to 1 year ago, ASB has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of ASB is 2.91, which is a good value as it means it would take ASB, 2.91 years of fcf income to pay off all of its debts.
ASB has a Debt to FCF ratio (2.91) which is in line with its industry peers.
A Debt/Equity ratio of 0.33 indicates that ASB is not too dependend on debt financing.
The Debt to Equity ratio of ASB (0.33) is worse than 66.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 2.91 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.09%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ASB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.08%.
Measured over the past 5 years, ASB shows a small growth in Earnings Per Share. The EPS has been growing by 2.45% on average per year.
The Revenue for ASB has decreased by -11.05% in the past year. This is quite bad
ASB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.24% yearly.
EPS 1Y (TTM)-4.08%
EPS 3Y24.55%
EPS 5Y2.45%
EPS Q2Q%5.66%
Revenue 1Y (TTM)-11.05%
Revenue growth 3Y-4.77%
Revenue growth 5Y-2.24%
Sales Q2Q%2.78%
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 5.98% on average per year.
ASB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.71% yearly.
EPS Next Y4.05%
EPS Next 2Y1.06%
EPS Next 3Y5.98%
EPS Next 5YN/A
Revenue Next Year4.73%
Revenue Next 2Y5.37%
Revenue Next 3Y5.71%
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
Based on the Price/Earnings ratio of 11.37, the valuation of ASB can be described as reasonable.
Based on the Price/Earnings ratio, ASB is valued a bit cheaper than 77.56% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.96. ASB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.47, the valuation of ASB can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASB indicates a somewhat cheap valuation: ASB is cheaper than 65.34% of the companies listed in the same industry.
ASB is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 11.47 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, ASB is valued cheaply inside the industry as 82.04% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| 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)2.81
PEG (5Y)4.64
EPS Next 2Y1.06%
EPS Next 3Y5.98%
5. Dividend
5.1 Amount
ASB has a Yearly Dividend Yield of 3.45%.
ASB's Dividend Yield is a higher than the industry average which is at 3.02.
ASB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
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 Years12
Div Non Decr Years13
5.3 Sustainability
ASB pays out 81.48% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ASB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP81.48%
EPS Next 2Y1.06%
EPS Next 3Y5.98%
ASSOCIATED BANC-CORP
NYSE:ASB (11/21/2024, 8:13:03 PM)
After market: 26.71 0 (0%)26.71
+0.16 (+0.6%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.04B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 11.47 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.81
PEG (5Y)4.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.42% | ||
| ROE | 4.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 16.25% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-4.08%
EPS 3Y24.55%
EPS 5Y
EPS Q2Q%
EPS Next Y4.05%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.05%
Revenue growth 3Y-4.77%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y