CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis
NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD
Overall COFS gets a fundamental rating of 5 out of 10. We evaluated COFS against 404 industry peers in the Banks industry. COFS has a medium profitability rating, but doesn't score so well on its financial health evaluation. COFS is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! Finally COFS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
COFS had positive earnings in the past year.
In the past year COFS had a positive cash flow from operations.
In the past 5 years COFS has always been profitable.
Of the past 5 years COFS 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 0.91%, COFS is doing good in the industry, outperforming 61.56% of the companies in the same industry.
COFS has a better Return On Equity (10.03%) than 72.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 10.03% | ||
| ROIC | N/A |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 28.03%, COFS is in the better half of the industry, outperforming 78.64% of the companies in the same industry.
COFS's Profit Margin has improved in the last couple of years.
COFS 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) | 28.03% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for COFS has been increased compared to 1 year ago.
The number of shares outstanding for COFS has been increased compared to 5 years ago.
COFS has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of COFS is 2.98, which is a good value as it means it would take COFS, 2.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of COFS (2.98) is comparable to the rest of the industry.
COFS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
COFS's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. COFS outperforms 64.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.99%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
COFS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.25%, which is quite good.
COFS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.52% yearly.
Looking at the last year, COFS shows a quite strong growth in Revenue. The Revenue has grown by 14.41% in the last year.
Measured over the past years, COFS shows a very strong growth in Revenue. The Revenue has been growing by 20.14% on average per year.
EPS 1Y (TTM)15.25%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%12.86%
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%18.16%
3.2 Future
COFS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.92% yearly.
The Revenue is expected to grow by 38.19% on average over the next years. This is a very strong growth
EPS Next Y9.06%
EPS Next 2Y9.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year72.12%
Revenue Next 2Y38.19%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.82, the valuation of COFS can be described as reasonable.
Based on the Price/Earnings ratio, COFS is valued cheaper than 85.43% of the companies in the same industry.
COFS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 9.00, which indicates a very decent valuation of COFS.
COFS's Price/Forward Earnings ratio is rather cheap when compared to the industry. COFS is cheaper than 84.92% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. COFS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.82 | ||
| Fwd PE | 9 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, COFS is valued a bit more expensive than the industry average as 72.36% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.93 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
COFS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.08
PEG (5Y)0.63
EPS Next 2Y9.92%
EPS Next 3YN/A
5. Dividend
5.1 Amount
COFS has a Yearly Dividend Yield of 3.42%. Purely for dividend investing, there may be better candidates out there.
COFS's Dividend Yield is a higher than the industry average which is at 3.15.
Compared to an average S&P500 Dividend Yield of 2.29, COFS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.42% |
5.2 History
The dividend of COFS is nicely growing with an annual growth rate of 7.96%!
COFS has been paying a dividend for at least 10 years, so it has a reliable track record.
COFS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.96%
Div Incr Years12
Div Non Decr Years14
5.3 Sustainability
COFS pays out 34.36% of its income as dividend. This is a sustainable payout ratio.
The dividend of COFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP34.36%
EPS Next 2Y9.92%
EPS Next 3YN/A
31.91
-0.32 (-0.99%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners19.71%
Inst Owner Change9.92%
Ins Owners6.56%
Ins Owner Change0.81%
Market Cap286.23M
Analysts82.86
Price Target39.78 (24.66%)
Short Float %4.8%
Short Ratio14.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.42% |
Yearly Dividend1.05
Dividend Growth(5Y)7.96%
DP34.36%
Div Incr Years12
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.42%
Min EPS beat(2)12.23%
Max EPS beat(2)12.61%
EPS beat(4)4
Avg EPS beat(4)13.76%
Min EPS beat(4)7.23%
Max EPS beat(4)22.96%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.41%
PT rev (3m)5.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-8.55%
EPS NY rev (3m)-8.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-3.28%
Revenue NY rev (3m)-3.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.82 | ||
| Fwd PE | 9 | ||
| P/S | 3.23 | ||
| P/FCF | 23.93 | ||
| P/OCF | 20.76 | ||
| P/B | 1.16 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.25
EY10.18%
EPS(NY)3.54
Fwd EY11.11%
FCF(TTM)1.33
FCFY4.18%
OCF(TTM)1.54
OCFY4.82%
SpS9.89
BVpS27.62
TBVpS20.8
PEG (NY)1.08
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 10.03% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 28.03% | ||
| GM | N/A | ||
| FCFM | 13.48% |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
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 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.98 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 14.95% | ||
| Cap/Sales | 2.06% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 48.1% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC10.99%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.25%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%12.86%
EPS Next Y9.06%
EPS Next 2Y9.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.41%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%18.16%
Revenue Next Year72.12%
Revenue Next 2Y38.19%
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-82.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-80.39%
OCF growth 3YN/A
OCF growth 5YN/A