FIRST BANCSHARES INC/MS (FBMS) Stock Fundamental Analysis
NYSE:FBMS - New York Stock Exchange, Inc. - US3189161033 - Common Stock - Currency: USD
Overall FBMS gets a fundamental rating of 4 out of 10. We evaluated FBMS against 405 industry peers in the Banks industry. FBMS may be in some trouble as it scores bad on both profitability and health. FBMS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FBMS had positive earnings in the past year.
In the past year FBMS had a positive cash flow from operations.
FBMS had positive earnings in each of the past 5 years.
Of the past 5 years FBMS 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.88%, FBMS is in line with its industry, outperforming 59.30% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.91%, FBMS is doing worse than 61.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 6.91% | ||
| ROIC | N/A |
ROA(3y)0.96%
ROA(5y)0.99%
ROE(3y)8.45%
ROE(5y)8.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FBMS's Profit Margin of 25.68% is fine compared to the rest of the industry. FBMS outperforms 66.33% of its industry peers.
In the last couple of years the Profit Margin of FBMS has declined.
The Operating Margin and Gross Margin are not available for FBMS so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.68% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.26%
PM growth 5Y-1.55%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FBMS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FBMS has been increased compared to 1 year ago.
Compared to 5 years ago, FBMS has more shares outstanding
The debt/assets ratio for FBMS has been reduced compared to a year ago.
2.2 Solvency
FBMS has a debt to FCF ratio of 1.35. This is a very positive value and a sign of high solvency as it would only need 1.35 years to pay back of all of its debts.
FBMS's Debt to FCF ratio of 1.35 is fine compared to the rest of the industry. FBMS outperforms 70.35% of its industry peers.
FBMS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FBMS (0.12) is better than 67.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.35 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.35%
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 been growing slightly by 1.67% over the past year.
FBMS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.65% yearly.
FBMS shows a decrease in Revenue. In the last year, the revenue decreased by -4.05%.
FBMS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.82% yearly.
EPS 1Y (TTM)1.67%
EPS 3Y-7.07%
EPS 5Y-2.65%
EPS Q2Q%65.71%
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y13.43%
Revenue growth 5Y13.82%
Sales Q2Q%4.26%
3.2 Future
FBMS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.99% yearly.
The Revenue is expected to grow by 6.55% on average over the next years.
EPS Next Y17.89%
EPS Next 2Y11.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.85%
Revenue Next 2Y6.55%
Revenue Next 3YN/A
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.
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
Based on the Price/Earnings ratio of 14.78, the valuation of FBMS can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of FBMS indicates a slightly more expensive valuation: FBMS is more expensive than 63.07% of the companies listed in the same industry.
FBMS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
A Price/Forward Earnings ratio of 12.54 indicates a correct valuation of FBMS.
FBMS's Price/Forward Earnings is on the same level as the industry average.
FBMS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 12.54 |
4.2 Price Multiples
FBMS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.24 | ||
| 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.
PEG (NY)0.83
PEG (5Y)N/A
EPS Next 2Y11.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FBMS has a Yearly Dividend Yield of 2.73%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.18, FBMS has a dividend in line with its industry peers.
FBMS's Dividend Yield is a higher than the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
5.2 History
On average, the dividend of FBMS grows each year by 38.41%, which is quite nice.
FBMS has been paying a dividend for at least 10 years, so it has a reliable track record.
FBMS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)38.41%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
FBMS pays out 43.39% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FBMS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.39%
EPS Next 2Y11.99%
EPS Next 3YN/A
36.06
-0.6 (-1.64%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.06%
Inst Owner Change-1.68%
Ins Owners6.39%
Ins Owner Change-3.78%
Market Cap1.13B
Analysts80
Price Target38.25 (6.07%)
Short Float %0.99%
Short Ratio2.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Yearly Dividend1
Dividend Growth(5Y)38.41%
DP43.39%
Div Incr Years7
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.1%
Min EPS beat(2)-7.45%
Max EPS beat(2)5.25%
EPS beat(4)2
Avg EPS beat(4)-10.82%
Min EPS beat(4)-49.54%
Max EPS beat(4)8.47%
EPS beat(8)2
Avg EPS beat(8)-10.94%
EPS beat(12)3
Avg EPS beat(12)-7.67%
EPS beat(16)5
Avg EPS beat(16)-4.48%
Revenue beat(2)0
Avg Revenue beat(2)-0.99%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)-0.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.44%
Min Revenue beat(4)-4.56%
Max Revenue beat(4)-0.83%
Revenue beat(8)2
Avg Revenue beat(8)-0.35%
Revenue beat(12)6
Avg Revenue beat(12)5.67%
Revenue beat(16)10
Avg Revenue beat(16)9.25%
PT rev (1m)0%
PT rev (3m)7.91%
EPS NQ rev (1m)-1.54%
EPS NQ rev (3m)-1.54%
EPS NY rev (1m)2.17%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)-0.77%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 12.54 | ||
| P/S | 4.17 | ||
| P/FCF | 12.24 | ||
| P/OCF | 11.83 | ||
| P/B | 1.12 | ||
| P/tB | 2.8 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.44
EY6.77%
EPS(NY)2.88
Fwd EY7.98%
FCF(TTM)2.95
FCFY8.17%
OCF(TTM)3.05
OCFY8.46%
SpS8.66
BVpS32.15
TBVpS12.87
PEG (NY)0.83
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 6.91% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25.68% | ||
| GM | N/A | ||
| FCFM | 34.04% |
ROA(3y)0.96%
ROA(5y)0.99%
ROE(3y)8.45%
ROE(5y)8.6%
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-6.26%
PM growth 5Y-1.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.35 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 14.48% | ||
| Cap/Sales | 1.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 132.57% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC9.35%
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)1.67%
EPS 3Y-7.07%
EPS 5Y-2.65%
EPS Q2Q%65.71%
EPS Next Y17.89%
EPS Next 2Y11.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y13.43%
Revenue growth 5Y13.82%
Sales Q2Q%4.26%
Revenue Next Year7.85%
Revenue Next 2Y6.55%
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 1Y3.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2.69%
OCF growth 3YN/A
OCF growth 5YN/A