BANK OF HAWAII CORP (BOH) Stock Fundamental Analysis
NYSE:BOH - New York Stock Exchange, Inc. - US0625401098 - Common Stock - Currency: USD
Overall BOH gets a fundamental rating of 4 out of 10. We evaluated BOH against 398 industry peers in the Banks industry. The financial health of BOH is average, but there are quite some concerns on its profitability. BOH is quite expensive at the moment. It does show a decent growth rate. BOH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BOH had positive earnings in the past year.
BOH had a positive operating cash flow in the past year.
Each year in the past 5 years BOH has been profitable.
BOH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.58%, BOH is not doing good in the industry: 66.58% of the companies in the same industry are doing better.
BOH's Return On Equity of 8.24% is in line compared to the rest of the industry. BOH outperforms 48.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 8.24% | ||
| ROIC | N/A |
ROA(3y)0.73%
ROA(5y)0.81%
ROE(3y)12.11%
ROE(5y)12.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BOH (21.49%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BOH has declined.
BOH 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) | 21.49% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.9%
PM growth 5Y-8.32%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BOH does not have a ROIC to compare to the WACC, probably because it is not profitable.
BOH has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for BOH has been reduced compared to 5 years ago.
BOH has a better debt/assets ratio than last year.
2.2 Solvency
BOH has a debt to FCF ratio of 0.64. This is a very positive value and a sign of high solvency as it would only need 0.64 years to pay back of all of its debts.
BOH has a better Debt to FCF ratio (0.64) than 81.66% of its industry peers.
BOH has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
BOH's Debt to Equity ratio of 0.06 is fine compared to the rest of the industry. BOH outperforms 79.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.64 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.34%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for BOH have decreased by -0.28% in the last year.
Measured over the past years, BOH shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.82% on average per year.
The Revenue has decreased by -5.13% in the past year.
The Revenue has been decreasing by -1.26% on average over the past years.
EPS 1Y (TTM)-0.28%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%11.49%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%8.74%
3.2 Future
The Earnings Per Share is expected to grow by 16.61% on average over the next years. This is quite good.
BOH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.21% yearly.
EPS Next Y15.81%
EPS Next 2Y16.94%
EPS Next 3Y16.61%
EPS Next 5YN/A
Revenue Next Year8.87%
Revenue Next 2Y8.21%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 18.44, the valuation of BOH can be described as rather expensive.
Based on the Price/Earnings ratio, BOH is valued a bit more expensive than the industry average as 78.89% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 28.64, BOH is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.87, the valuation of BOH can be described as correct.
69.60% of the companies in the same industry are cheaper than BOH, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.44, BOH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
BOH's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BOH is more expensive than 65.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.69 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
BOH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as BOH's earnings are expected to grow with 16.61% in the coming years.
PEG (NY)1.17
PEG (5Y)N/A
EPS Next 2Y16.94%
EPS Next 3Y16.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.35%, BOH is a good candidate for dividend investing.
BOH's Dividend Yield is a higher than the industry average which is at 3.68.
Compared to an average S&P500 Dividend Yield of 2.52, BOH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
5.2 History
The dividend of BOH has a limited annual growth rate of 3.83%.
BOH has been paying a dividend for at least 10 years, so it has a reliable track record.
BOH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.83%
Div Incr Years1
Div Non Decr Years34
5.3 Sustainability
90.98% of the earnings are spent on dividend by BOH. This is not a sustainable payout ratio.
The dividend of BOH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP90.98%
EPS Next 2Y16.94%
EPS Next 3Y16.61%
66.57
-0.24 (-0.36%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.58%
Inst Owner Change0.04%
Ins Owners1%
Ins Owner Change-3.04%
Market Cap2.65B
Analysts48.57
Price Target75.48 (13.38%)
Short Float %12.08%
Short Ratio11.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
Yearly Dividend3.14
Dividend Growth(5Y)3.83%
DP90.98%
Div Incr Years1
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.25%
Min EPS beat(2)0.75%
Max EPS beat(2)11.75%
EPS beat(4)2
Avg EPS beat(4)2.8%
Min EPS beat(4)-0.68%
Max EPS beat(4)11.75%
EPS beat(8)2
Avg EPS beat(8)-4.13%
EPS beat(12)6
Avg EPS beat(12)-1.36%
EPS beat(16)10
Avg EPS beat(16)4.19%
Revenue beat(2)1
Avg Revenue beat(2)-0.25%
Min Revenue beat(2)-1.35%
Max Revenue beat(2)0.85%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)0.85%
Revenue beat(8)2
Avg Revenue beat(8)-0.96%
Revenue beat(12)2
Avg Revenue beat(12)-1.47%
Revenue beat(16)2
Avg Revenue beat(16)-1.36%
PT rev (1m)-0.45%
PT rev (3m)2.3%
EPS NQ rev (1m)3.35%
EPS NQ rev (3m)11.31%
EPS NY rev (1m)1.08%
EPS NY rev (3m)11.73%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)3.25%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)3.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 13.87 | ||
| P/S | 4.14 | ||
| P/FCF | 15.69 | ||
| P/OCF | 14.84 | ||
| P/B | 1.59 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.61
EY5.42%
EPS(NY)4.8
Fwd EY7.21%
FCF(TTM)4.24
FCFY6.37%
OCF(TTM)4.48
OCFY6.74%
SpS16.06
BVpS41.91
TBVpS40.64
PEG (NY)1.17
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 8.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.49% | ||
| GM | N/A | ||
| FCFM | 26.41% |
ROA(3y)0.73%
ROA(5y)0.81%
ROE(3y)12.11%
ROE(5y)12.61%
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-16.9%
PM growth 5Y-8.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 30.71% | ||
| Cap/Sales | 1.51% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 122.87% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC16.34%
ROIC/WACCN/A
Cap/Depr(3y)64.59%
Cap/Depr(5y)92.96%
Cap/Sales(3y)2.35%
Cap/Sales(5y)3.06%
Profit Quality(3y)116.23%
Profit Quality(5y)112.79%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.28%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%11.49%
EPS Next Y15.81%
EPS Next 2Y16.94%
EPS Next 3Y16.61%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%8.74%
Revenue Next Year8.87%
Revenue Next 2Y8.21%
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 1Y19.85%
FCF growth 3Y-21.94%
FCF growth 5Y-1.31%
OCF growth 1Y18.79%
OCF growth 3Y-22.08%
OCF growth 5Y-5.29%