CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
Overall CAC gets a fundamental rating of 5 out of 10. We evaluated CAC against 398 industry peers in the Banks industry. While CAC is still in line with the averages on profitability rating, there are concerns on its financial health. CAC is not priced too expensively while it is growing strongly. Keep and eye on this one! CAC also has an excellent dividend rating.
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.
Each year in the past 5 years CAC has been profitable.
Each year in the past 5 years CAC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.91%, CAC is in the better half of the industry, outperforming 60.55% of the companies in the same industry.
CAC has a better Return On Equity (9.98%) than 66.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.98% | ||
| ROIC | N/A |
ROA(3y)0.92%
ROA(5y)1.04%
ROE(3y)10.77%
ROE(5y)11.24%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CAC has a better Profit Margin (29.94%) than 82.41% of its industry peers.
CAC's Profit Margin has declined in the last couple of years.
CAC 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) | 29.94% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.62%
PM growth 5Y-2.31%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CAC does not have a ROIC to compare to the WACC, probably because it is not profitable.
CAC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CAC has been reduced compared to 5 years ago.
Compared to 1 year ago, CAC has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CAC is 3.97, which is a good value as it means it would take CAC, 3.97 years of fcf income to pay off all of its debts.
CAC has a Debt to FCF ratio of 3.97. This is in the lower half of the industry: CAC underperforms 66.83% of its industry peers.
CAC has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
CAC's Debt to Equity ratio of 0.41 is on the low side compared to the rest of the industry. CAC is outperformed by 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.28%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
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.
Looking at the last year, CAC shows a quite strong growth in Revenue. The Revenue has grown by 8.39% in the last year.
CAC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.84% yearly.
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
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 17.12% yearly.
Based on estimates for the next years, CAC will show a very strong growth in Revenue. The Revenue will grow by 21.02% on average per year.
EPS Next Y19.91%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year37.15%
Revenue Next 2Y21.02%
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.
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
A Price/Earnings ratio of 10.50 indicates a reasonable valuation of CAC.
66.33% of the companies in the same industry are more expensive than CAC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CAC to the average of the S&P500 Index (28.78), we can say CAC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.76, the valuation of CAC can be described as reasonable.
66.08% of the companies in the same industry are more expensive than CAC, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.32. CAC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.5 | ||
| Fwd PE | 8.76 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as CAC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.82 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CAC's earnings are expected to grow with 17.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.53
PEG (5Y)N/A
EPS Next 2Y17.12%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.28%, CAC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.52, CAC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.46, CAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
5.2 History
The dividend of CAC is nicely growing with an annual growth rate of 6.82%!
CAC has paid a dividend for at least 10 years, which is a reliable track record.
CAC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.82%
Div Incr Years11
Div Non Decr Years16
5.3 Sustainability
CAC pays out 46.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
CAC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.34%
EPS Next 2Y17.12%
EPS Next 3YN/A
38.74
-0.55 (-1.4%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners68.52%
Inst Owner Change0.13%
Ins Owners1.8%
Ins Owner Change2.92%
Market Cap654.32M
Analysts72.5
Price Target51 (31.65%)
Short Float %3.15%
Short Ratio5.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
Yearly Dividend1.69
Dividend Growth(5Y)6.82%
DP46.34%
Div Incr Years11
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.85%
Min EPS beat(2)12.47%
Max EPS beat(2)15.23%
EPS beat(4)4
Avg EPS beat(4)17.28%
Min EPS beat(4)12.47%
Max EPS beat(4)27.85%
EPS beat(8)5
Avg EPS beat(8)3.92%
EPS beat(12)6
Avg EPS beat(12)1.87%
EPS beat(16)9
Avg EPS beat(16)3.42%
Revenue beat(2)2
Avg Revenue beat(2)2.79%
Min Revenue beat(2)1.45%
Max Revenue beat(2)4.13%
Revenue beat(4)4
Avg Revenue beat(4)18.47%
Min Revenue beat(4)1.45%
Max Revenue beat(4)66.66%
Revenue beat(8)5
Avg Revenue beat(8)5.76%
Revenue beat(12)6
Avg Revenue beat(12)3.09%
Revenue beat(16)9
Avg Revenue beat(16)2.55%
PT rev (1m)-1.48%
PT rev (3m)3.09%
EPS NQ rev (1m)0.46%
EPS NQ rev (3m)20.92%
EPS NY rev (1m)0.46%
EPS NY rev (3m)9.18%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)23.76%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)3.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.5 | ||
| Fwd PE | 8.76 | ||
| P/S | 3.7 | ||
| P/FCF | 11.82 | ||
| P/OCF | 10.74 | ||
| P/B | 1.23 | ||
| P/tB | 1.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.69
EY9.53%
EPS(NY)4.42
Fwd EY11.42%
FCF(TTM)3.28
FCFY8.46%
OCF(TTM)3.61
OCFY9.31%
SpS10.48
BVpS31.45
TBVpS25.82
PEG (NY)0.53
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.98% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 29.94% | ||
| GM | N/A | ||
| FCFM | 31.28% |
ROA(3y)0.92%
ROA(5y)1.04%
ROE(3y)10.77%
ROE(5y)11.24%
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-6.62%
PM growth 5Y-2.31%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 144.23% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 104.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC13.28%
ROIC/WACCN/A
Cap/Depr(3y)88.02%
Cap/Depr(5y)74.34%
Cap/Sales(3y)1.97%
Cap/Sales(5y)1.7%
Profit Quality(3y)140.75%
Profit Quality(5y)130.54%
High Growth Momentum
Growth
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
EPS Next Y19.91%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%22.95%
Revenue Next Year37.15%
Revenue Next 2Y21.02%
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-14.69%
FCF growth 3Y-26.74%
FCF growth 5Y14.12%
OCF growth 1Y-9.74%
OCF growth 3Y-24.7%
OCF growth 5Y13.12%