BYLINE BANCORP INC (BY) Stock Fundamental Analysis
USA - NYSE:BY - US1244111092 - Common Stock
26.65 USD
-0.29 (-1.08%)
27 USD
+0.35 (+1.31%)
Overall BY gets a fundamental rating of 4 out of 10. We evaluated BY against 391 industry peers in the Banks industry. There are concerns on the financial health of BY while its profitability can be described as average. BY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BY was profitable.
BY had a positive operating cash flow in the past year.
Each year in the past 5 years BY has been profitable.
In the past 5 years BY always reported a positive cash flow from operatings.
1.2 Ratios
BY has a Return On Assets of 1.22%. This is amongst the best in the industry. BY outperforms 80.31% of its industry peers.
BY's Return On Equity of 9.98% is fine compared to the rest of the industry. BY outperforms 65.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.22% | ||
| ROE | 9.98% | ||
| ROIC | N/A |
ROA(3y)1.23%
ROA(5y)1.13%
ROE(3y)11.14%
ROE(5y)9.8%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BY has a better Profit Margin (28.32%) than 75.19% of its industry peers.
BY's Profit Margin has improved in the last couple of years.
BY 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) | 28.32% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.08%
PM growth 5Y7.5%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BY does not have a ROIC to compare to the WACC, probably because it is not profitable.
BY has more shares outstanding than it did 1 year ago.
BY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BY has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of BY is 1.63, which is an excellent value as it means it would take BY, only 1.63 years of fcf income to pay off all of its debts.
BY has a Debt to FCF ratio of 1.63. This is comparable to the rest of the industry: BY outperforms 53.96% of its industry peers.
BY has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
BY's Debt to Equity ratio of 0.15 is in line compared to the rest of the industry. BY outperforms 56.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.41%
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 been growing slightly by 2.55% over the past year.
Measured over the past years, BY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.24% on average per year.
Looking at the last year, BY shows a small growth in Revenue. The Revenue has grown by 5.16% in the last year.
The Revenue has been growing by 8.40% on average over the past years. This is quite good.
EPS 1Y (TTM)2.55%
EPS 3Y4.62%
EPS 5Y11.24%
EPS Q2Q%20.29%
Revenue 1Y (TTM)5.16%
Revenue growth 3Y9.41%
Revenue growth 5Y8.4%
Sales Q2Q%13.65%
3.2 Future
The Earnings Per Share is expected to grow by 3.45% on average over the next years.
Based on estimates for the next years, BY will show a small growth in Revenue. The Revenue will grow by 5.80% on average per year.
EPS Next Y2.21%
EPS Next 2Y3.45%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.57%
Revenue Next 2Y5.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.45 indicates a reasonable valuation of BY.
BY's Price/Earnings ratio is rather cheap when compared to the industry. BY is cheaper than 80.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.67, BY is valued rather cheaply.
BY is valuated reasonably with a Price/Forward Earnings ratio of 9.02.
Based on the Price/Forward Earnings ratio, BY is valued a bit cheaper than the industry average as 64.19% of the companies are valued more expensively.
BY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 9.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BY is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.1 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BY does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.28
PEG (5Y)0.84
EPS Next 2Y3.45%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.48%, BY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.55, BY is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.35, BY is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
5.2 History
The dividend of BY is nicely growing with an annual growth rate of 75.79%!
BY has been paying a dividend for over 5 years, so it has already some track record.
As BY did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)75.79%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
14.28% of the earnings are spent on dividend by BY. This is a low number and sustainable payout ratio.
The dividend of BY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP14.28%
EPS Next 2Y3.45%
EPS Next 3YN/A
26.65
-0.29 (-1.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners53.41%
Inst Owner Change0.06%
Ins Owners2.62%
Ins Owner Change1.08%
Market Cap1.22B
Revenue(TTM)406.90M
Net Income(TTM)118.98M
Analysts80
Price Target32.84 (23.23%)
Short Float %1.12%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
Yearly Dividend0.36
Dividend Growth(5Y)75.79%
DP14.28%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.86%
Min EPS beat(2)1.06%
Max EPS beat(2)2.66%
EPS beat(4)4
Avg EPS beat(4)4.41%
Min EPS beat(4)1.06%
Max EPS beat(4)10.45%
EPS beat(8)7
Avg EPS beat(8)3.87%
EPS beat(12)10
Avg EPS beat(12)4.05%
EPS beat(16)13
Avg EPS beat(16)4.52%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)0.28%
Revenue beat(4)2
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-2.18%
Max Revenue beat(4)1.25%
Revenue beat(8)4
Avg Revenue beat(8)-0.94%
Revenue beat(12)5
Avg Revenue beat(12)-0.93%
Revenue beat(16)8
Avg Revenue beat(16)-0.76%
PT rev (1m)0%
PT rev (3m)0.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.36%
EPS NY rev (1m)0%
EPS NY rev (3m)4.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 9.02 | ||
| P/S | 2.91 | ||
| P/FCF | 11.1 | ||
| P/OCF | 10.54 | ||
| P/B | 1.02 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.82
EY10.58%
EPS(NY)2.95
Fwd EY11.08%
FCF(TTM)2.4
FCFY9.01%
OCF(TTM)2.53
OCFY9.49%
SpS9.16
BVpS26
TBVpS21.15
PEG (NY)4.28
PEG (5Y)0.84
Graham Number40.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.22% | ||
| ROE | 9.98% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 28.32% | ||
| GM | N/A | ||
| FCFM | 26.22% |
ROA(3y)1.23%
ROA(5y)1.13%
ROE(3y)11.14%
ROE(5y)9.8%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.08%
PM growth 5Y7.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.63 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 123.95% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 92.58% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC14.41%
ROIC/WACCN/A
Cap/Depr(3y)47.64%
Cap/Depr(5y)37.54%
Cap/Sales(3y)1.03%
Cap/Sales(5y)1.04%
Profit Quality(3y)179.64%
Profit Quality(5y)180.75%
High Growth Momentum
Growth
EPS 1Y (TTM)2.55%
EPS 3Y4.62%
EPS 5Y11.24%
EPS Q2Q%20.29%
EPS Next Y2.21%
EPS Next 2Y3.45%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.16%
Revenue growth 3Y9.41%
Revenue growth 5Y8.4%
Sales Q2Q%13.65%
Revenue Next Year8.57%
Revenue Next 2Y5.8%
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-30.06%
FCF growth 3Y33.34%
FCF growth 5Y46.93%
OCF growth 1Y-27.45%
OCF growth 3Y33.03%
OCF growth 5Y42.99%