BYLINE BANCORP INC (BY) Stock Fundamental Analysis
NYSE:BY - New York Stock Exchange, Inc. - US1244111092 - Common Stock - Currency: USD
BY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 394 industry peers in the Banks industry. While BY is still in line with the averages on profitability rating, there are concerns on its financial health. BY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BY had positive earnings in the past year.
In the past year BY had a positive cash flow from operations.
In the past 5 years BY has always been profitable.
In the past 5 years BY always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.24%, BY belongs to the top of the industry, outperforming 80.20% of the companies in the same industry.
The Return On Equity of BY (10.48%) is better than 73.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.48% | ||
| 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
With a decent Profit Margin value of 28.99%, BY is doing good in the industry, outperforming 79.44% of the companies in the same industry.
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) | 28.99% | ||
| 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.
The number of shares outstanding for BY has been increased compared to 1 year ago.
The number of shares outstanding for BY has been increased compared to 5 years ago.
The debt/assets ratio for BY has been reduced compared to a year ago.
2.2 Solvency
BY has a debt to FCF ratio of 1.29. This is a very positive value and a sign of high solvency as it would only need 1.29 years to pay back of all of its debts.
BY has a Debt to FCF ratio of 1.29. This is in the better half of the industry: BY outperforms 67.01% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that BY is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.15, BY perfoms like the industry average, outperforming 55.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.29 | ||
| 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
BY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.10%.
The Earnings Per Share has been growing by 11.24% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.96% in the past year.
BY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.40% yearly.
EPS 1Y (TTM)-1.1%
EPS 3Y4.62%
EPS 5Y11.24%
EPS Q2Q%-8.57%
Revenue 1Y (TTM)2.96%
Revenue growth 3Y9.41%
Revenue growth 5Y8.4%
Sales Q2Q%2.05%
3.2 Future
Based on estimates for the next years, BY will show a small growth in Earnings Per Share. The EPS will grow by 1.31% on average per year.
The Revenue is expected to grow by 5.05% on average over the next years.
EPS Next Y-2.04%
EPS Next 2Y1.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.32%
Revenue Next 2Y5.05%
Revenue Next 3YN/A
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 decreasing.
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
With a Price/Earnings ratio of 10.20, the valuation of BY can be described as very reasonable.
BY's Price/Earnings ratio is a bit cheaper when compared to the industry. BY is cheaper than 79.44% of the companies in the same industry.
When comparing the Price/Earnings ratio of BY to the average of the S&P500 Index (27.51), we can say BY is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.72, the valuation of BY can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BY is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, BY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.2 | ||
| Fwd PE | 9.72 |
4.2 Price Multiples
68.02% of the companies in the same industry are more expensive than BY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.45 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.91
EPS Next 2Y1.31%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.42%, BY has a reasonable but not impressive dividend return.
BY's Dividend Yield is slightly below the industry average, which is at 3.31.
Compared to the average S&P500 Dividend Yield of 2.35, BY is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
5.2 History
On average, the dividend of BY grows each year by 75.79%, which is quite nice.
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
13.77% of the earnings are spent on dividend by BY. This is a low number and sustainable payout ratio.
BY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.77%
EPS Next 2Y1.31%
EPS Next 3YN/A
27.53
-0.91 (-3.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners45.07%
Inst Owner Change0%
Ins Owners2.3%
Ins Owner Change1.7%
Market Cap1.27B
Analysts80
Price Target32.64 (18.56%)
Short Float %1.92%
Short Ratio2.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
Yearly Dividend0.36
Dividend Growth(5Y)75.79%
DP13.77%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.76%
Min EPS beat(2)1.06%
Max EPS beat(2)10.45%
EPS beat(4)4
Avg EPS beat(4)4.94%
Min EPS beat(4)1.06%
Max EPS beat(4)10.45%
EPS beat(8)7
Avg EPS beat(8)4.63%
EPS beat(12)10
Avg EPS beat(12)3.88%
EPS beat(16)13
Avg EPS beat(16)8.01%
Revenue beat(2)1
Avg Revenue beat(2)0.26%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)1.25%
Revenue beat(4)1
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)1.25%
Revenue beat(8)3
Avg Revenue beat(8)-1.13%
Revenue beat(12)4
Avg Revenue beat(12)-1.41%
Revenue beat(16)8
Avg Revenue beat(16)-0.34%
PT rev (1m)0%
PT rev (3m)-5.33%
EPS NQ rev (1m)-6.14%
EPS NQ rev (3m)1.63%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)1.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.2 | ||
| Fwd PE | 9.72 | ||
| P/S | 3.11 | ||
| P/FCF | 9.45 | ||
| P/OCF | 9.08 | ||
| P/B | 1.12 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.7
EY9.81%
EPS(NY)2.83
Fwd EY10.29%
FCF(TTM)2.91
FCFY10.58%
OCF(TTM)3.03
OCFY11.01%
SpS8.86
BVpS24.51
TBVpS19.82
PEG (NY)N/A
PEG (5Y)0.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.48% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 28.99% | ||
| GM | N/A | ||
| FCFM | 32.86% |
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
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 3Y0.08%
PM growth 5Y7.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.29 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 168.67% | ||
| Cap/Sales | 1.34% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 113.35% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
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)-1.1%
EPS 3Y4.62%
EPS 5Y11.24%
EPS Q2Q%-8.57%
EPS Next Y-2.04%
EPS Next 2Y1.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.96%
Revenue growth 3Y9.41%
Revenue growth 5Y8.4%
Sales Q2Q%2.05%
Revenue Next Year6.32%
Revenue Next 2Y5.05%
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-22.59%
FCF growth 3Y33.34%
FCF growth 5Y46.93%
OCF growth 1Y-20.79%
OCF growth 3Y33.03%
OCF growth 5Y42.99%