FIRST BANCORP PUERTO RICO (FBP)
PR3186727065 - Common Stock
FBP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 406 industry peers in the Banks industry. FBP has only an average score on both its financial health and profitability. FBP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year FBP was profitable.
In the past year FBP had a positive cash flow from operations.
Each year in the past 5 years FBP has been profitable.
Each year in the past 5 years FBP had a positive operating cash flow.
1.2 Ratios
FBP's Return On Assets of 1.60% is amongst the best of the industry. FBP outperforms 93.07% of its industry peers.
Looking at the Return On Equity, with a value of 17.79%, FBP belongs to the top of the industry, outperforming 96.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 17.79% | ||
| ROIC | N/A |
ROA(3y)1.52%
ROA(5y)1.28%
ROE(3y)18.81%
ROE(5y)13.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FBP has a better Profit Margin (32.63%) than 88.37% of its industry peers.
FBP's Profit Margin has been stable in the last couple of years.
FBP 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) | 32.63% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y32.68%
PM growth 5Y-0.02%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FBP does not have a ROIC to compare to the WACC, probably because it is not profitable.
FBP has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FBP has been reduced compared to 5 years ago.
The debt/assets ratio for FBP has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FBP is 0.30, which is an excellent value as it means it would take FBP, only 0.30 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.30, FBP belongs to the best of the industry, outperforming 87.38% of the companies in the same industry.
FBP has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.07, FBP is in the better half of the industry, outperforming 79.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.3 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.22%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FBP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.88%, which is quite good.
Measured over the past years, FBP shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.90% on average per year.
FBP shows a decrease in Revenue. In the last year, the revenue decreased by -0.82%.
The Revenue has been growing by 8.79% on average over the past years. This is quite good.
EPS 1Y (TTM)12.88%
EPS 3Y57.53%
EPS 5Y20.9%
EPS Q2Q%-2.17%
Revenue 1Y (TTM)-0.82%
Revenue growth 3Y9.19%
Revenue growth 5Y8.79%
Sales Q2Q%1.17%
3.2 Future
The Earnings Per Share is expected to grow by 6.51% on average over the next years.
FBP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.03% yearly.
EPS Next Y2.96%
EPS Next 2Y2.38%
EPS Next 3Y6.51%
EPS Next 5YN/A
Revenue Next Year-3.38%
Revenue Next 2Y2.32%
Revenue Next 3Y4.03%
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.
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
The Price/Earnings ratio is 9.99, which indicates a very decent valuation of FBP.
Based on the Price/Earnings ratio, FBP is valued cheaper than 83.91% of the companies in the same industry.
FBP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
FBP is valuated reasonably with a Price/Forward Earnings ratio of 10.19.
FBP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FBP is cheaper than 71.29% of the companies in the same industry.
FBP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.99 | ||
| Fwd PE | 10.19 |
4.2 Price Multiples
FBP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FBP is cheaper than 83.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.02 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.38
PEG (5Y)0.48
EPS Next 2Y2.38%
EPS Next 3Y6.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.21%, FBP has a reasonable but not impressive dividend return.
FBP's Dividend Yield is a higher than the industry average which is at 3.02.
Compared to an average S&P500 Dividend Yield of 2.24, FBP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
5.2 History
The dividend of FBP is nicely growing with an annual growth rate of 67.85%!
FBP has paid a dividend for at least 10 years, which is a reliable track record.
FBP has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)67.85%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
34.16% of the earnings are spent on dividend by FBP. This is a low number and sustainable payout ratio.
FBP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.16%
EPS Next 2Y2.38%
EPS Next 3Y6.51%
FIRST BANCORP PUERTO RICO
NYSE:FBP (12/20/2024, 8:08:44 PM)
After market: 18.38 0 (0%)18.38
+0.07 (+0.38%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners94.04%
Inst Owner Change-0.29%
Ins Owners2.83%
Ins Owner Change-11.23%
Market Cap3.01B
Analysts78
Price Target23.46 (27.64%)
Short Float %2.44%
Short Ratio4.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Dividend Growth(5Y)67.85%
DP34.16%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.68%
Min EPS beat(2)7.84%
Max EPS beat(2)11.52%
EPS beat(4)4
Avg EPS beat(4)17.14%
Min EPS beat(4)7.84%
Max EPS beat(4)32.99%
EPS beat(8)7
Avg EPS beat(8)13.1%
EPS beat(12)11
Avg EPS beat(12)11.96%
EPS beat(16)15
Avg EPS beat(16)15.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.82%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)-2.31%
Revenue beat(4)0
Avg Revenue beat(4)-4.15%
Min Revenue beat(4)-5.52%
Max Revenue beat(4)-2.31%
Revenue beat(8)2
Avg Revenue beat(8)-0.05%
Revenue beat(12)6
Avg Revenue beat(12)5.2%
Revenue beat(16)10
Avg Revenue beat(16)8.01%
PT rev (1m)-2.13%
PT rev (3m)-2.54%
EPS NQ rev (1m)0.81%
EPS NQ rev (3m)-5.46%
EPS NY rev (1m)0%
EPS NY rev (3m)0.57%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-1.13%
Revenue NY rev (1m)-2.95%
Revenue NY rev (3m)-4.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.99 | ||
| Fwd PE | 10.19 | ||
| P/S | 3.25 | ||
| P/FCF | 8.02 | ||
| P/OCF | 7.79 | ||
| P/B | 1.77 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.84
EY10.01%
EPS(NY)1.8
Fwd EY9.81%
FCF(TTM)2.29
FCFY12.47%
OCF(TTM)2.36
OCFY12.84%
SpS5.66
BVpS10.38
TBVpS9.94
PEG (NY)3.38
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 17.79% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 32.63% | ||
| GM | N/A | ||
| FCFM | 40.51% |
ROA(3y)1.52%
ROA(5y)1.28%
ROE(3y)18.81%
ROE(5y)13.64%
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 3Y32.68%
PM growth 5Y-0.02%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.3 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 42.18% | ||
| Cap/Sales | 1.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 124.14% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC11.22%
ROIC/WACCN/A
Cap/Depr(3y)60.78%
Cap/Depr(5y)70.59%
Cap/Sales(3y)2.08%
Cap/Sales(5y)2.38%
Profit Quality(3y)129.8%
Profit Quality(5y)167.43%
High Growth Momentum
Growth
EPS 1Y (TTM)12.88%
EPS 3Y57.53%
EPS 5Y20.9%
EPS Q2Q%-2.17%
EPS Next Y2.96%
EPS Next 2Y2.38%
EPS Next 3Y6.51%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.82%
Revenue growth 3Y9.19%
Revenue growth 5Y8.79%
Sales Q2Q%1.17%
Revenue Next Year-3.38%
Revenue Next 2Y2.32%
Revenue Next 3Y4.03%
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-9.05%
FCF growth 3Y6.52%
FCF growth 5Y4.91%
OCF growth 1Y-10.27%
OCF growth 3Y6.83%
OCF growth 5Y4.71%