FIRST BANCSHARES INC/MS (FBMS)
US3189161033 - Common Stock
We assign a fundamental rating of 4 out of 10 to FBMS. FBMS was compared to 406 industry peers in the Banks industry. FBMS has a medium profitability rating, but doesn't score so well on its financial health evaluation. FBMS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FBMS was profitable.
In the past year FBMS had a positive cash flow from operations.
FBMS had positive earnings in each of the past 5 years.
Each year in the past 5 years FBMS had a positive operating cash flow.
1.2 Ratios
FBMS has a Return On Assets of 0.88%. This is in the better half of the industry: FBMS outperforms 60.40% of its industry peers.
FBMS has a Return On Equity (6.91%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 6.91% | ||
| ROIC | N/A |
ROA(3y)0.99%
ROA(5y)1.02%
ROE(3y)9.06%
ROE(5y)8.67%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FBMS (25.68%) is better than 65.84% of its industry peers.
In the last couple of years the Profit Margin of FBMS has grown nicely.
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-1.87%
PM growth 5Y4.87%
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.
The number of shares outstanding for FBMS has been increased compared to 5 years ago.
FBMS has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FBMS is 1.35, which is an excellent value as it means it would take FBMS, only 1.35 years of fcf income to pay off all of its debts.
FBMS has a Debt to FCF ratio of 1.35. This is in the better half of the industry: FBMS outperforms 70.79% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that FBMS is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.12, FBMS is doing good in the industry, outperforming 68.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.35 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FBMS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.05%.
FBMS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.94% yearly.
FBMS shows a decrease in Revenue. In the last year, the revenue decreased by -6.73%.
FBMS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.92% yearly.
EPS 1Y (TTM)-19.05%
EPS 3Y2.94%
EPS 5Y0.94%
EPS Q2Q%-23.38%
Revenue 1Y (TTM)-6.73%
Revenue growth 3Y15.01%
Revenue growth 5Y22.92%
Sales Q2Q%-2.78%
3.2 Future
The Earnings Per Share is expected to grow by 8.44% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.28% on average over the next years.
EPS Next Y7.1%
EPS Next 2Y8.31%
EPS Next 3Y8.44%
EPS Next 5YN/A
Revenue Next Year-6.17%
Revenue Next 2Y1.21%
Revenue Next 3Y2.28%
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.
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 15.63 indicates a correct valuation of FBMS.
FBMS's Price/Earnings ratio is a bit more expensive when compared to the industry. FBMS is more expensive than 64.85% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. FBMS is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 12.27, FBMS is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FBMS is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, FBMS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 12.27 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FBMS is valued a bit cheaper than the industry average as 60.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.62 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FBMS does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.2
PEG (5Y)16.58
EPS Next 2Y8.31%
EPS Next 3Y8.44%
5. Dividend
5.1 Amount
FBMS has a Yearly Dividend Yield of 2.95%.
Compared to an average industry Dividend Yield of 3.02, FBMS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.24, FBMS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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
43.39% of the earnings are spent on dividend by FBMS. This is a bit on the high side, but may be sustainable.
FBMS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.39%
EPS Next 2Y8.31%
EPS Next 3Y8.44%
FIRST BANCSHARES INC/MS
NYSE:FBMS (12/20/2024, 8:08:41 PM)
After market: 34.54 0 (0%)34.54
+0.61 (+1.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners71.41%
Inst Owner Change6.1%
Ins Owners9.54%
Ins Owner Change-0.11%
Market Cap1.08B
Analysts80
Price Target36.55 (5.82%)
Short Float %1.62%
Short Ratio3.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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)3.12%
PT rev (3m)3.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.39%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 12.27 | ||
| P/S | 3.96 | ||
| P/FCF | 11.62 | ||
| P/OCF | 11.23 | ||
| P/B | 1.07 | ||
| P/tB | 2.66 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.21
EY6.4%
EPS(NY)2.82
Fwd EY8.15%
FCF(TTM)2.97
FCFY8.6%
OCF(TTM)3.08
OCFY8.9%
SpS8.73
BVpS32.43
TBVpS12.98
PEG (NY)2.2
PEG (5Y)16.58
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)0.99%
ROA(5y)1.02%
ROE(3y)9.06%
ROE(5y)8.67%
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-1.87%
PM growth 5Y4.87%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
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-Score6
WACC9.47%
ROIC/WACCN/A
Cap/Depr(3y)69.9%
Cap/Depr(5y)78.79%
Cap/Sales(3y)4.05%
Cap/Sales(5y)3.94%
Profit Quality(3y)131.79%
Profit Quality(5y)113.74%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.05%
EPS 3Y2.94%
EPS 5Y0.94%
EPS Q2Q%-23.38%
EPS Next Y7.1%
EPS Next 2Y8.31%
EPS Next 3Y8.44%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.73%
Revenue growth 3Y15.01%
Revenue growth 5Y22.92%
Sales Q2Q%-2.78%
Revenue Next Year-6.17%
Revenue Next 2Y1.21%
Revenue Next 3Y2.28%
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 1Y14.76%
FCF growth 3Y30.85%
FCF growth 5Y30.74%
OCF growth 1Y5.88%
OCF growth 3Y28.46%
OCF growth 5Y28.06%