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CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis

NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD

41.47  -0.24 (-0.58%)

After market: 41.47 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CAC. CAC was compared to 402 industry peers in the Banks industry. CAC has a bad profitability rating. Also its financial health evaluation is rather negative. CAC is not valued too expensively and it also shows a decent growth rate. Finally CAC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

CAC had positive earnings in the past year.
CAC had a positive operating cash flow in the past year.
CAC had positive earnings in 4 of the past 5 years.
CAC had a positive operating cash flow in 4 of the past 5 years.
CAC Yearly Net Income VS EBIT VS OCF VS FCFCAC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M

1.2 Ratios

The Return On Assets of CAC (0.81%) is comparable to the rest of the industry.
CAC has a Return On Equity (8.83%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.81%
ROE 8.83%
ROIC N/A
ROA(3y)1.03%
ROA(5y)1.12%
ROE(3y)11.68%
ROE(5y)11.66%
ROIC(3y)N/A
ROIC(5y)N/A
CAC Yearly ROA, ROE, ROICCAC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

CAC has a better Profit Margin (27.84%) than 76.73% of its industry peers.
CAC's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for CAC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.84%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.8%
PM growth 5Y-4.47%
GM growth 3YN/A
GM growth 5YN/A
CAC Yearly Profit, Operating, Gross MarginsCAC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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1

2. Health

2.1 Basic Checks

CAC does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for CAC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CAC Yearly Shares OutstandingCAC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
CAC Yearly Total Debt VS Total AssetsCAC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

The Debt to FCF ratio of CAC is 118.60, which is on the high side as it means it would take CAC, 118.60 years of fcf income to pay off all of its debts.
CAC has a worse Debt to FCF ratio (118.60) than 84.90% of its industry peers.
CAC has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CAC (0.44) is worse than 73.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 118.6
Altman-Z N/A
ROIC/WACCN/A
WACC12.25%
CAC Yearly LT Debt VS Equity VS FCFCAC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CAC Yearly Current Assets VS Current LiabilitesCAC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

CAC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.24%, which is quite impressive.
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%22.95%

3.2 Future

CAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.94% yearly.
The Revenue is expected to grow by 20.90% on average over the next years. This is a very strong growth
EPS Next Y19.36%
EPS Next 2Y16.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year36.92%
Revenue Next 2Y20.9%
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 accelerating.
CAC Yearly Revenue VS EstimatesCAC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
CAC Yearly EPS VS EstimatesCAC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

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5

4. Valuation

4.1 Price/Earnings Ratio

CAC is valuated reasonably with a Price/Earnings ratio of 11.24.
Compared to the rest of the industry, the Price/Earnings ratio of CAC indicates a somewhat cheap valuation: CAC is cheaper than 64.36% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, CAC is valued rather cheaply.
A Price/Forward Earnings ratio of 9.42 indicates a reasonable valuation of CAC.
Based on the Price/Forward Earnings ratio, CAC is valued a bit cheaper than the industry average as 72.77% of the companies are valued more expensively.
CAC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 11.24
Fwd PE 9.42
CAC Price Earnings VS Forward Price EarningsCAC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

84.16% of the companies in the same industry are cheaper than CAC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 352.3
EV/EBITDA N/A
CAC Per share dataCAC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

CAC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CAC's earnings are expected to grow with 16.94% in the coming years.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y16.94%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.03%, CAC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.37, CAC pays a bit more dividend than its industry peers.
CAC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 4.03%

5.2 History

The dividend of CAC is nicely growing with an annual growth rate of 8.75%!
CAC has been paying a dividend for at least 10 years, so it has a reliable track record.
CAC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.75%
Div Incr Years11
Div Non Decr Years16
CAC Yearly Dividends per shareCAC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

CAC pays out 52.46% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CAC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.46%
EPS Next 2Y16.94%
EPS Next 3YN/A
CAC Yearly Income VS Free CF VS DividendCAC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M
CAC Dividend Payout.CAC Dividend Payout, showing the Payout Ratio.CAC Dividend Payout.PayoutRetained Earnings

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CAMDEN NATIONAL CORP

NASDAQ:CAC (3/7/2025, 8:09:15 PM)

After market: 41.47 0 (0%)

41.47

-0.24 (-0.58%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28 2025-01-28/bmo
Earnings (Next)04-28 2025-04-28/bmo
Inst Owners68.52%
Inst Owner Change4.69%
Ins Owners1.8%
Ins Owner Change0.25%
Market Cap700.01M
Analysts72.5
Price Target51.77 (24.84%)
Short Float %2.3%
Short Ratio4.99
Dividend
Industry RankSector Rank
Dividend Yield 4.03%
Yearly Dividend1.68
Dividend Growth(5Y)8.75%
DP52.46%
Div Incr Years11
Div Non Decr Years16
Ex-Date01-15 2025-01-15 (0.42)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.01%
Min EPS beat(2)12.47%
Max EPS beat(2)13.55%
EPS beat(4)3
Avg EPS beat(4)6.7%
Min EPS beat(4)-27.08%
Max EPS beat(4)27.85%
EPS beat(8)4
Avg EPS beat(8)1.78%
EPS beat(12)6
Avg EPS beat(12)1.05%
EPS beat(16)9
Avg EPS beat(16)4.34%
Revenue beat(2)2
Avg Revenue beat(2)1.55%
Min Revenue beat(2)1.45%
Max Revenue beat(2)1.65%
Revenue beat(4)3
Avg Revenue beat(4)15.12%
Min Revenue beat(4)-9.27%
Max Revenue beat(4)66.66%
Revenue beat(8)4
Avg Revenue beat(8)4.63%
Revenue beat(12)6
Avg Revenue beat(12)3.13%
Revenue beat(16)9
Avg Revenue beat(16)2.92%
PT rev (1m)4.1%
PT rev (3m)11.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 11.24
Fwd PE 9.42
P/S 4.16
P/FCF 352.3
P/OCF 108.48
P/B 1.32
P/tB 1.61
EV/EBITDA N/A
EPS(TTM)3.69
EY8.9%
EPS(NY)4.4
Fwd EY10.62%
FCF(TTM)0.12
FCFY0.28%
OCF(TTM)0.38
OCFY0.92%
SpS9.96
BVpS31.39
TBVpS25.75
PEG (NY)0.58
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.81%
ROE 8.83%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.84%
GM N/A
FCFM 1.18%
ROA(3y)1.03%
ROA(5y)1.12%
ROE(3y)11.68%
ROE(5y)11.66%
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-5.8%
PM growth 5Y-4.47%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 118.6
Debt/EBITDA N/A
Cap/Depr 113.55%
Cap/Sales 2.66%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 4.25%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC12.25%
ROIC/WACCN/A
Cap/Depr(3y)54.33%
Cap/Depr(5y)64.19%
Cap/Sales(3y)1.26%
Cap/Sales(5y)1.58%
Profit Quality(3y)174.14%
Profit Quality(5y)119.66%
High Growth Momentum
Growth
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
EPS Next Y19.36%
EPS Next 2Y16.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%22.95%
Revenue Next Year36.92%
Revenue Next 2Y20.9%
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-98.26%
FCF growth 3Y61.87%
FCF growth 5Y1.82%
OCF growth 1Y-94.42%
OCF growth 3Y54.8%
OCF growth 5Y0.98%