COLUMBIA BANKING SYSTEM INC (COLB) Stock Fundamental Analysis
NASDAQ:COLB - Nasdaq - US1972361026 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to COLB. COLB was compared to 402 industry peers in the Banks industry. There are concerns on the financial health of COLB while its profitability can be described as average. COLB has a correct valuation and a medium growth rate. Finally COLB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
COLB had positive earnings in the past year.
In the past year COLB had a positive cash flow from operations.
In the past 5 years COLB has always been profitable.
Each year in the past 5 years COLB had a positive operating cash flow.
1.2 Ratios
COLB's Return On Assets of 1.03% is fine compared to the rest of the industry. COLB outperforms 71.04% of its industry peers.
COLB has a better Return On Equity (10.43%) than 73.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 10.43% | ||
| ROIC | N/A |
ROA(3y)0.98%
ROA(5y)0.97%
ROE(3y)9.57%
ROE(5y)8.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
COLB's Profit Margin of 27.66% is fine compared to the rest of the industry. COLB outperforms 73.51% of its industry peers.
COLB's Profit Margin has declined in the last couple of years.
COLB 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) | 27.66% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.31%
PM growth 5Y-3.27%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COLB does not have a ROIC to compare to the WACC, probably because it is not profitable.
COLB has more shares outstanding than it did 1 year ago.
The number of shares outstanding for COLB has been increased compared to 5 years ago.
Compared to 1 year ago, COLB has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of COLB is 1.08, which is an excellent value as it means it would take COLB, only 1.08 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of COLB (1.08) is better than 76.24% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that COLB is not too dependend on debt financing.
COLB has a better Debt to Equity ratio (0.13) than 66.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.08 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.7%
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 grown by an nice 8.80% over the past year.
The Earnings Per Share has been growing slightly by 0.30% on average over the past years.
COLB shows a decrease in Revenue. In the last year, the revenue decreased by -3.39%.
Measured over the past years, COLB shows a very strong growth in Revenue. The Revenue has been growing by 26.71% on average per year.
EPS 1Y (TTM)8.8%
EPS 3Y-0.96%
EPS 5Y0.3%
EPS Q2Q%61.36%
Revenue 1Y (TTM)-3.39%
Revenue growth 3Y45.87%
Revenue growth 5Y26.71%
Sales Q2Q%-6.73%
3.2 Future
COLB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.01% yearly.
COLB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.14% yearly.
EPS Next Y0.36%
EPS Next 2Y3.63%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue Next Year2.38%
Revenue Next 2Y2.99%
Revenue Next 3Y3.14%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 9.21 indicates a reasonable valuation of COLB.
COLB's Price/Earnings ratio is rather cheap when compared to the industry. COLB is cheaper than 85.89% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. COLB is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 9.17 indicates a reasonable valuation of COLB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COLB indicates a somewhat cheap valuation: COLB is cheaper than 77.48% of the companies listed in the same industry.
COLB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.21 | ||
| Fwd PE | 9.17 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, COLB is valued a bit cheaper than 77.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COLB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)25.8
PEG (5Y)31.02
EPS Next 2Y3.63%
EPS Next 3Y3.01%
5. Dividend
5.1 Amount
COLB has a Yearly Dividend Yield of 5.77%, which is a nice return.
Compared to an average industry Dividend Yield of 3.37, COLB pays a better dividend. On top of this COLB pays more dividend than 92.82% of the companies listed in the same industry.
COLB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
5.2 History
The dividend of COLB has a limited annual growth rate of 0.43%.
COLB has paid a dividend for at least 10 years, which is a reliable track record.
COLB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.43%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
COLB pays out 56.26% of its income as dividend. This is a bit on the high side, but may be sustainable.
COLB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP56.26%
EPS Next 2Y3.63%
EPS Next 3Y3.01%
25.04
+0.07 (+0.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners94.64%
Inst Owner Change-0.58%
Ins Owners0.66%
Ins Owner Change-4.66%
Market Cap5.25B
Analysts73.33
Price Target33.1 (32.19%)
Short Float %2.59%
Short Ratio3.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
Yearly Dividend1.44
Dividend Growth(5Y)0.43%
DP56.26%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.33%
Min EPS beat(2)6.97%
Max EPS beat(2)9.7%
EPS beat(4)4
Avg EPS beat(4)13.4%
Min EPS beat(4)6.97%
Max EPS beat(4)21.09%
EPS beat(8)6
Avg EPS beat(8)0.03%
EPS beat(12)8
Avg EPS beat(12)73.8%
EPS beat(16)11
Avg EPS beat(16)56.99%
Revenue beat(2)1
Avg Revenue beat(2)-0.96%
Min Revenue beat(2)-3.09%
Max Revenue beat(2)1.17%
Revenue beat(4)1
Avg Revenue beat(4)-2%
Min Revenue beat(4)-3.32%
Max Revenue beat(4)1.17%
Revenue beat(8)2
Avg Revenue beat(8)-3.03%
Revenue beat(12)4
Avg Revenue beat(12)-2.69%
Revenue beat(16)5
Avg Revenue beat(16)-2.2%
PT rev (1m)-2.19%
PT rev (3m)1.71%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)-1.25%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)-1.15%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-1.86%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.21 | ||
| Fwd PE | 9.17 | ||
| P/S | 2.72 | ||
| P/FCF | 8.42 | ||
| P/OCF | 7.97 | ||
| P/B | 1.03 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.72
EY10.86%
EPS(NY)2.73
Fwd EY10.9%
FCF(TTM)2.97
FCFY11.87%
OCF(TTM)3.14
OCFY12.55%
SpS9.2
BVpS24.41
TBVpS17.19
PEG (NY)25.8
PEG (5Y)31.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 10.43% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.66% | ||
| GM | N/A | ||
| FCFM | 32.3% |
ROA(3y)0.98%
ROA(5y)0.97%
ROE(3y)9.57%
ROE(5y)8.61%
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-5.31%
PM growth 5Y-3.27%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.08 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 23.8% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 116.78% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC13.7%
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)142.07%
Profit Quality(5y)131.78%
High Growth Momentum
Growth
EPS 1Y (TTM)8.8%
EPS 3Y-0.96%
EPS 5Y0.3%
EPS Q2Q%61.36%
EPS Next Y0.36%
EPS Next 2Y3.63%
EPS Next 3Y3.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.39%
Revenue growth 3Y45.87%
Revenue growth 5Y26.71%
Sales Q2Q%-6.73%
Revenue Next Year2.38%
Revenue Next 2Y2.99%
Revenue Next 3Y3.14%
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-6.96%
FCF growth 3Y39.61%
FCF growth 5Y25.99%
OCF growth 1Y-1.64%
OCF growth 3Y40.99%
OCF growth 5Y26.34%