BANK OF HAWAII CORP (BOH) Stock Fundamental Analysis
NYSE:BOH - New York Stock Exchange, Inc. - US0625401098 - Common Stock - Currency: USD
Taking everything into account, BOH scores 3 out of 10 in our fundamental rating. BOH was compared to 405 industry peers in the Banks industry. BOH may be in some trouble as it scores bad on both profitability and health. BOH is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BOH had positive earnings in the past year.
In the past year BOH had a positive cash flow from operations.
In the past 5 years BOH has always been profitable.
Of the past 5 years BOH 4 years had a positive operating cash flow.
1.2 Ratios
BOH has a worse Return On Assets (0.55%) than 68.67% of its industry peers.
BOH has a Return On Equity (7.92%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 7.92% | ||
| 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
BOH has a Profit Margin (20.80%) which is comparable to the rest of the industry.
BOH's Profit Margin has declined in the last couple of years.
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) | 20.8% | ||
| 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.
The number of shares outstanding for BOH remains at a similar level compared to 1 year ago.
Compared to 5 years ago, BOH has less shares outstanding
BOH has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of BOH is 1.16, which is an excellent value as it means it would take BOH, only 1.16 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BOH (1.16) is better than 75.44% of its industry peers.
BOH has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
BOH's Debt to Equity ratio of 0.07 is fine compared to the rest of the industry. BOH outperforms 79.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 1.16 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.59%
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 -9.77% 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 -5.12% in the past year.
The Revenue has been decreasing by -1.26% on average over the past years.
EPS 1Y (TTM)-9.77%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%18.06%
Revenue 1Y (TTM)-5.12%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%3.26%
3.2 Future
Based on estimates for the next years, BOH will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.03% on average per year.
BOH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.09% yearly.
EPS Next Y14.58%
EPS Next 2Y17.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.68%
Revenue Next 2Y8.09%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BOH is valuated rather expensively with a Price/Earnings ratio of 20.19.
Compared to the rest of the industry, the Price/Earnings ratio of BOH indicates a slightly more expensive valuation: BOH is more expensive than 79.95% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, BOH is valued a bit cheaper.
The Price/Forward Earnings ratio is 17.62, which indicates a rather expensive current valuation of BOH.
BOH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BOH is more expensive than 74.19% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. BOH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.19 | ||
| Fwd PE | 17.62 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BOH is valued a bit more expensive than 75.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.91 | ||
| 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.
BOH's earnings are expected to grow with 17.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y17.03%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BOH has a Yearly Dividend Yield of 3.86%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.18, BOH pays a bit more dividend than its industry peers.
BOH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
5.2 History
The dividend of BOH has a limited annual growth rate of 4.80%.
BOH has paid a dividend for at least 10 years, which is 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)4.8%
Div Incr Years1
Div Non Decr Years34
5.3 Sustainability
92.17% 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.
DP92.17%
EPS Next 2Y17.03%
EPS Next 3YN/A
70.85
-1.75 (-2.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.58%
Inst Owner Change-94.05%
Ins Owners1%
Ins Owner Change-0.47%
Market Cap2.82B
Analysts48.57
Price Target75.82 (7.01%)
Short Float %11.6%
Short Ratio11.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
Yearly Dividend3
Dividend Growth(5Y)4.8%
DP92.17%
Div Incr Years1
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.53%
Min EPS beat(2)-0.68%
Max EPS beat(2)11.75%
EPS beat(4)1
Avg EPS beat(4)-4.55%
Min EPS beat(4)-28.64%
Max EPS beat(4)11.75%
EPS beat(8)2
Avg EPS beat(8)-3.65%
EPS beat(12)6
Avg EPS beat(12)-0.26%
EPS beat(16)9
Avg EPS beat(16)3.82%
Revenue beat(2)1
Avg Revenue beat(2)-0.16%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)0.85%
Revenue beat(4)1
Avg Revenue beat(4)-1.72%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)0.85%
Revenue beat(8)2
Avg Revenue beat(8)-1.05%
Revenue beat(12)2
Avg Revenue beat(12)-1.52%
Revenue beat(16)2
Avg Revenue beat(16)-1.38%
PT rev (1m)2.76%
PT rev (3m)13.66%
EPS NQ rev (1m)1.87%
EPS NQ rev (3m)-1.03%
EPS NY rev (1m)10.54%
EPS NY rev (3m)9.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)3.56%
Revenue NY rev (3m)3.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.19 | ||
| Fwd PE | 17.62 | ||
| P/S | 4.44 | ||
| P/FCF | 29.91 | ||
| P/OCF | 25.48 | ||
| P/B | 1.69 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.51
EY4.95%
EPS(NY)4.02
Fwd EY5.68%
FCF(TTM)2.37
FCFY3.34%
OCF(TTM)2.78
OCFY3.92%
SpS15.94
BVpS41.89
TBVpS40.6
PEG (NY)1.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 7.92% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 20.8% | ||
| GM | N/A | ||
| FCFM | 14.85% |
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-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 1.16 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 79.69% | ||
| Cap/Sales | 2.59% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 71.4% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC12.59%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.77%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%18.06%
EPS Next Y14.58%
EPS Next 2Y17.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.12%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%3.26%
Revenue Next Year8.68%
Revenue Next 2Y8.09%
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-47.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-41.41%
OCF growth 3YN/A
OCF growth 5YN/A