SIERRA BANCORP (BSRR) Stock Fundamental Analysis
NASDAQ:BSRR - Nasdaq - US82620P1021 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to BSRR. BSRR was compared to 397 industry peers in the Banks industry. BSRR has a medium profitability rating, but doesn't score so well on its financial health evaluation. BSRR has a decent growth rate and is not valued too expensively. Finally BSRR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year BSRR was profitable.
BSRR had a positive operating cash flow in the past year.
Each year in the past 5 years BSRR has been profitable.
In the past 5 years BSRR always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 1.12%, BSRR is doing good in the industry, outperforming 74.56% of the companies in the same industry.
BSRR's Return On Equity of 11.47% is amongst the best of the industry. BSRR outperforms 80.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.12% | ||
| ROE | 11.47% | ||
| ROIC | N/A |
ROA(3y)1%
ROA(5y)1.07%
ROE(3y)10.92%
ROE(5y)10.98%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 26.71%, BSRR is doing good in the industry, outperforming 69.02% of the companies in the same industry.
BSRR's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for BSRR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 26.71% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.78%
PM growth 5Y-2.47%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BSRR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BSRR has been reduced compared to 1 year ago.
The number of shares outstanding for BSRR has been reduced compared to 5 years ago.
The debt/assets ratio for BSRR is higher compared to a year ago.
2.2 Solvency
BSRR has a debt to FCF ratio of 2.28. This is a good value and a sign of high solvency as BSRR would need 2.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.28, BSRR is in line with its industry, outperforming 43.58% of the companies in the same industry.
BSRR has a Debt/Equity ratio of 0.58. This is a neutral value indicating BSRR is somewhat dependend on debt financing.
The Debt to Equity ratio of BSRR (0.58) is worse than 79.60% of its industry peers.
Although BSRR does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 2.28 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.63%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.53% over the past year.
BSRR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.82% yearly.
BSRR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.85%.
Measured over the past years, BSRR shows a small growth in Revenue. The Revenue has been growing by 5.01% on average per year.
EPS 1Y (TTM)16.53%
EPS 3Y0.12%
EPS 5Y3.82%
EPS Q2Q%1.56%
Revenue 1Y (TTM)3.85%
Revenue growth 3Y4.08%
Revenue growth 5Y5.01%
Sales Q2Q%-1.48%
3.2 Future
BSRR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.62% yearly.
Based on estimates for the next years, BSRR will show a small growth in Revenue. The Revenue will grow by 3.38% on average per year.
EPS Next Y6.29%
EPS Next 2Y6.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.9%
Revenue Next 2Y3.38%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BSRR is valuated reasonably with a Price/Earnings ratio of 11.19.
Based on the Price/Earnings ratio, BSRR is valued a bit cheaper than 71.79% of the companies in the same industry.
When comparing the Price/Earnings ratio of BSRR to the average of the S&P500 Index (27.29), we can say BSRR is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.88, the valuation of BSRR can be described as very reasonable.
BSRR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.74, BSRR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 9.88 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BSRR is valued cheaper than 92.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.86 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
BSRR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.78
PEG (5Y)2.93
EPS Next 2Y6.62%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.10%, BSRR has a reasonable but not impressive dividend return.
BSRR's Dividend Yield is comparable with the industry average which is at 3.30.
BSRR's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
The dividend of BSRR has a limited annual growth rate of 4.88%.
BSRR has been paying a dividend for at least 10 years, so it has a reliable track record.
BSRR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.88%
Div Incr Years1
Div Non Decr Years14
5.3 Sustainability
BSRR pays out 34.10% of its income as dividend. This is a sustainable payout ratio.
BSRR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP34.1%
EPS Next 2Y6.62%
EPS Next 3YN/A
31.55
-0.69 (-2.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners57.04%
Inst Owner Change0%
Ins Owners10.27%
Ins Owner Change1.7%
Market Cap436.02M
Analysts74.55
Price Target31.88 (1.05%)
Short Float %1.23%
Short Ratio4.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
Yearly Dividend0.94
Dividend Growth(5Y)4.88%
DP34.1%
Div Incr Years1
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.51%
Min EPS beat(2)-3.15%
Max EPS beat(2)-1.86%
EPS beat(4)1
Avg EPS beat(4)2.39%
Min EPS beat(4)-3.15%
Max EPS beat(4)15.24%
EPS beat(8)3
Avg EPS beat(8)0.07%
EPS beat(12)4
Avg EPS beat(12)-3.98%
EPS beat(16)6
Avg EPS beat(16)-3.45%
Revenue beat(2)0
Avg Revenue beat(2)-3.94%
Min Revenue beat(2)-3.95%
Max Revenue beat(2)-3.94%
Revenue beat(4)0
Avg Revenue beat(4)-2.82%
Min Revenue beat(4)-3.95%
Max Revenue beat(4)-0.32%
Revenue beat(8)1
Avg Revenue beat(8)-7.81%
Revenue beat(12)3
Avg Revenue beat(12)-5.21%
Revenue beat(16)3
Avg Revenue beat(16)-5.51%
PT rev (1m)0%
PT rev (3m)-8.76%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)5.04%
EPS NY rev (1m)0%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 9.88 | ||
| P/S | 2.89 | ||
| P/FCF | 4.86 | ||
| P/OCF | 4.8 | ||
| P/B | 1.24 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.82
EY8.94%
EPS(NY)3.19
Fwd EY10.12%
FCF(TTM)6.49
FCFY20.56%
OCF(TTM)6.57
OCFY20.82%
SpS10.93
BVpS25.45
TBVpS23.44
PEG (NY)1.78
PEG (5Y)2.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.12% | ||
| ROE | 11.47% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 26.71% | ||
| GM | N/A | ||
| FCFM | 59.36% |
ROA(3y)1%
ROA(5y)1.07%
ROE(3y)10.92%
ROE(5y)10.98%
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-5.78%
PM growth 5Y-2.47%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 2.28 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 41.69% | ||
| Cap/Sales | 0.78% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 222.22% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC9.63%
ROIC/WACCN/A
Cap/Depr(3y)39.93%
Cap/Depr(5y)39.93%
Cap/Sales(3y)0.88%
Cap/Sales(5y)1.04%
Profit Quality(3y)127.55%
Profit Quality(5y)121.82%
High Growth Momentum
Growth
EPS 1Y (TTM)16.53%
EPS 3Y0.12%
EPS 5Y3.82%
EPS Q2Q%1.56%
EPS Next Y6.29%
EPS Next 2Y6.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.85%
Revenue growth 3Y4.08%
Revenue growth 5Y5.01%
Sales Q2Q%-1.48%
Revenue Next Year1.9%
Revenue Next 2Y3.38%
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 1Y169.14%
FCF growth 3Y2.31%
FCF growth 5Y4.03%
OCF growth 1Y161.59%
OCF growth 3Y2.77%
OCF growth 5Y4.1%