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FIRST BANCORP PUERTO RICO (FBP) Stock Fundamental Analysis

NYSE:FBP - New York Stock Exchange, Inc. - PR3186727065 - Common Stock - Currency: USD

20.79  -0.17 (-0.81%)

After market: 20.79 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FBP. FBP was compared to 405 industry peers in the Banks industry. FBP has an average financial health and profitability rating. FBP is not valued too expensively and it also shows a decent growth rate. Finally FBP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

FBP had positive earnings in the past year.
In the past year FBP had a positive cash flow from operations.
Each year in the past 5 years FBP has been profitable.
Of the past 5 years FBP 4 years had a positive operating cash flow.
FBP Yearly Net Income VS EBIT VS OCF VS FCFFBP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

FBP has a Return On Assets of 1.60%. This is amongst the best in the industry. FBP outperforms 92.96% of its industry peers.
FBP has a Return On Equity of 17.79%. This is amongst the best in the industry. FBP outperforms 95.98% of its industry peers.
Industry RankSector Rank
ROA 1.6%
ROE 17.79%
ROIC N/A
ROA(3y)1.6%
ROA(5y)1.33%
ROE(3y)20.38%
ROE(5y)15.74%
ROIC(3y)N/A
ROIC(5y)N/A
FBP Yearly ROA, ROE, ROICFBP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

FBP has a Profit Margin of 32.63%. This is amongst the best in the industry. FBP outperforms 88.44% of its industry peers.
In the last couple of years the Profit Margin of FBP has grown nicely.
The Operating Margin and Gross Margin are not available for FBP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 32.63%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.76%
PM growth 5Y4.92%
GM growth 3YN/A
GM growth 5YN/A
FBP Yearly Profit, Operating, Gross MarginsFBP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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4

2. Health

2.1 Basic Checks

FBP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FBP has less shares outstanding
FBP has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FBP has been reduced compared to a year ago.
FBP Yearly Shares OutstandingFBP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
FBP Yearly Total Debt VS Total AssetsFBP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

FBP has a debt to FCF ratio of 0.30. This is a very positive value and a sign of high solvency as it would only need 0.30 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.30, FBP belongs to the top of the industry, outperforming 87.19% of the companies in the same industry.
A Debt/Equity ratio of 0.07 indicates that FBP is not too dependend on debt financing.
FBP has a better Debt to Equity ratio (0.07) than 79.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.3
Altman-Z N/A
ROIC/WACCN/A
WACC11%
FBP Yearly LT Debt VS Equity VS FCFFBP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FBP Yearly Current Assets VS Current LiabilitesFBP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

FBP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.23%.
FBP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.59% yearly.
Looking at the last year, FBP shows a small growth in Revenue. The Revenue has grown by 0.90% in the last year.
Measured over the past years, FBP shows a small growth in Revenue. The Revenue has been growing by 7.36% on average per year.
EPS 1Y (TTM)5.23%
EPS 3Y8.94%
EPS 5Y19.59%
EPS Q2Q%-6.12%
Revenue 1Y (TTM)0.9%
Revenue growth 3Y3.3%
Revenue growth 5Y7.36%
Sales Q2Q%22.77%

3.2 Future

Based on estimates for the next years, FBP will show a small growth in Earnings Per Share. The EPS will grow by 7.84% on average per year.
Based on estimates for the next years, FBP will show a quite strong growth in Revenue. The Revenue will grow by 8.22% on average per year.
EPS Next Y1.73%
EPS Next 2Y7.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.63%
Revenue Next 2Y8.22%
Revenue Next 3YN/A
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 decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FBP Yearly Revenue VS EstimatesFBP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
FBP Yearly EPS VS EstimatesFBP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.49 indicates a reasonable valuation of FBP.
69.60% of the companies in the same industry are more expensive than FBP, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.42, FBP is valued rather cheaply.
A Price/Forward Earnings ratio of 11.29 indicates a reasonable valuation of FBP.
FBP's Price/Forward Earnings ratio is in line with the industry average.
FBP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 11.49
Fwd PE 11.29
FBP Price Earnings VS Forward Price EarningsFBP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FBP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FBP is cheaper than 76.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.07
EV/EBITDA N/A
FBP Per share dataFBP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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)6.62
PEG (5Y)0.59
EPS Next 2Y7.84%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

FBP has a Yearly Dividend Yield of 3.51%.
FBP's Dividend Yield is a higher than the industry average which is at 3.19.
FBP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 3.51%

5.2 History

On average, the dividend of FBP grows each year by 67.85%, which is quite nice.
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
FBP Yearly Dividends per shareFBP Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

34.16% of the earnings are spent on dividend by FBP. This is a low number and sustainable payout ratio.
The dividend of FBP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP34.16%
EPS Next 2Y7.84%
EPS Next 3YN/A
FBP Yearly Income VS Free CF VS DividendFBP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FBP Dividend Payout.FBP Dividend Payout, showing the Payout Ratio.FBP Dividend Payout.PayoutRetained Earnings

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FIRST BANCORP PUERTO RICO

NYSE:FBP (1/28/2025, 8:04:00 PM)

After market: 20.79 0 (0%)

20.79

-0.17 (-0.81%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23 2025-01-23/bmo
Earnings (Next)N/A N/A
Inst Owners96.8%
Inst Owner Change0.19%
Ins Owners2.2%
Ins Owner Change-10.15%
Market Cap3.41B
Analysts78
Price Target23.97 (15.3%)
Short Float %3.39%
Short Ratio5.37
Dividend
Industry RankSector Rank
Dividend Yield 3.51%
Yearly Dividend0.57
Dividend Growth(5Y)67.85%
DP34.16%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
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)2.17%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.39%
EPS NY rev (1m)0%
EPS NY rev (3m)0.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.44%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-4.53%
Valuation
Industry RankSector Rank
PE 11.49
Fwd PE 11.29
P/S 3.68
P/FCF 9.07
P/OCF 8.81
P/B 2
P/tB 2.09
EV/EBITDA N/A
EPS(TTM)1.81
EY8.71%
EPS(NY)1.84
Fwd EY8.86%
FCF(TTM)2.29
FCFY11.02%
OCF(TTM)2.36
OCFY11.35%
SpS5.66
BVpS10.38
TBVpS9.94
PEG (NY)6.62
PEG (5Y)0.59
Profitability
Industry RankSector 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)1.6%
ROA(5y)1.33%
ROE(3y)20.38%
ROE(5y)15.74%
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-0.76%
PM growth 5Y4.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.05
Health
Industry RankSector 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%
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)5.23%
EPS 3Y8.94%
EPS 5Y19.59%
EPS Q2Q%-6.12%
EPS Next Y1.73%
EPS Next 2Y7.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.9%
Revenue growth 3Y3.3%
Revenue growth 5Y7.36%
Sales Q2Q%22.77%
Revenue Next Year8.63%
Revenue Next 2Y8.22%
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 1Y3.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.74%
OCF growth 3YN/A
OCF growth 5YN/A