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FIRST COMMUNITY CORP (FCCO) Stock Fundamental Analysis

NASDAQ:FCCO - Nasdaq - US3198351047 - Common Stock

24.81  +0.58 (+2.39%)

Fundamental Rating

4

Overall FCCO gets a fundamental rating of 4 out of 10. We evaluated FCCO against 405 industry peers in the Banks industry. Both the profitability and financial health of FCCO have multiple concerns. FCCO is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

FCCO had positive earnings in the past year.
FCCO had a positive operating cash flow in the past year.
Each year in the past 5 years FCCO has been profitable.
Of the past 5 years FCCO 4 years had a positive operating cash flow.
FCCO Yearly Net Income VS EBIT VS OCF VS FCFFCCO 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 0 20M 40M

1.2 Ratios

FCCO has a Return On Assets of 0.67%. This is comparable to the rest of the industry: FCCO outperforms 40.70% of its industry peers.
Looking at the Return On Equity, with a value of 9.09%, FCCO is in the better half of the industry, outperforming 61.06% of the companies in the same industry.
Industry RankSector Rank
ROA 0.67%
ROE 9.09%
ROIC N/A
ROA(3y)0.83%
ROA(5y)0.83%
ROE(3y)10.78%
ROE(5y)9.78%
ROIC(3y)N/A
ROIC(5y)N/A
FCCO Yearly ROA, ROE, ROICFCCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

FCCO's Profit Margin of 20.41% is on the low side compared to the rest of the industry. FCCO is outperformed by 60.05% of its industry peers.
In the last couple of years the Profit Margin of FCCO has declined.
FCCO does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 20.41%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.07%
PM growth 5Y-3.78%
GM growth 3YN/A
GM growth 5YN/A
FCCO Yearly Profit, Operating, Gross MarginsFCCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

FCCO does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FCCO has about the same amount of shares outstanding.
FCCO has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for FCCO has been reduced compared to a year ago.
FCCO Yearly Shares OutstandingFCCO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M
FCCO Yearly Total Debt VS Total AssetsFCCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

The Debt to FCF ratio of FCCO is 3.84, which is a good value as it means it would take FCCO, 3.84 years of fcf income to pay off all of its debts.
FCCO's Debt to FCF ratio of 3.84 is in line compared to the rest of the industry. FCCO outperforms 40.45% of its industry peers.
FCCO has a Debt/Equity ratio of 0.60. This is a neutral value indicating FCCO is somewhat dependend on debt financing.
FCCO has a worse Debt to Equity ratio (0.60) than 80.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.84
Altman-Z N/A
ROIC/WACCN/A
WACC10.22%
FCCO Yearly LT Debt VS Equity VS FCFFCCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FCCO Yearly Current Assets VS Current LiabilitesFCCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

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5

3. Growth

3.1 Past

FCCO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.05%.
FCCO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.07% yearly.
Looking at the last year, FCCO shows a small growth in Revenue. The Revenue has grown by 6.39% in the last year.
FCCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.04% yearly.
EPS 1Y (TTM)3.05%
EPS 3Y5.54%
EPS 5Y1.07%
EPS Q2Q%117.39%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y3.31%
Revenue growth 5Y5.04%
Sales Q2Q%21.59%

3.2 Future

FCCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.51% yearly.
The Revenue is expected to grow by 9.79% on average over the next years. This is quite good.
EPS Next Y15.91%
EPS Next 2Y16.43%
EPS Next 3Y17.51%
EPS Next 5YN/A
Revenue Next Year9.37%
Revenue Next 2Y10.28%
Revenue Next 3Y9.79%
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 accelerating.
FCCO Yearly Revenue VS EstimatesFCCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
FCCO Yearly EPS VS EstimatesFCCO 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

Based on the Price/Earnings ratio of 14.68, the valuation of FCCO can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of FCCO is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 28.29. FCCO is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 11.88 indicates a reasonable valuation of FCCO.
FCCO's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.44. FCCO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 14.68
Fwd PE 11.88
FCCO Price Earnings VS Forward Price EarningsFCCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

80.15% of the companies in the same industry are more expensive than FCCO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.51
EV/EBITDA N/A
FCCO Per share dataFCCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
A more expensive valuation may be justified as FCCO's earnings are expected to grow with 17.51% in the coming years.
PEG (NY)0.92
PEG (5Y)13.69
EPS Next 2Y16.43%
EPS Next 3Y17.51%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.49%, FCCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.22, FCCO is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, FCCO has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

On average, the dividend of FCCO grows each year by 6.92%, which is quite nice.
FCCO has paid a dividend for at least 10 years, which is a reliable track record.
FCCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.92%
Div Incr Years3
Div Non Decr Years14
FCCO Yearly Dividends per shareFCCO Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

FCCO pays out 33.23% of its income as dividend. This is a sustainable payout ratio.
The dividend of FCCO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.23%
EPS Next 2Y16.43%
EPS Next 3Y17.51%
FCCO Yearly Income VS Free CF VS DividendFCCO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M
FCCO Dividend Payout.FCCO Dividend Payout, showing the Payout Ratio.FCCO Dividend Payout.PayoutRetained Earnings

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FIRST COMMUNITY CORP

NASDAQ:FCCO (1/22/2025, 11:33:24 AM)

24.81

+0.58 (+2.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-16 2024-10-16/bmo
Earnings (Next)01-22 2025-01-22/bmo
Inst Owners55.2%
Inst Owner Change0%
Ins Owners3.37%
Ins Owner Change0.07%
Market Cap189.55M
Analysts80
Price Target27.2 (9.63%)
Short Float %0.42%
Short Ratio1.23
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend0.56
Dividend Growth(5Y)6.92%
DP33.23%
Div Incr Years3
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.43%
Min EPS beat(2)11.41%
Max EPS beat(2)15.45%
EPS beat(4)3
Avg EPS beat(4)9.65%
Min EPS beat(4)-1.96%
Max EPS beat(4)15.45%
EPS beat(8)5
Avg EPS beat(8)-0.3%
EPS beat(12)8
Avg EPS beat(12)0.78%
EPS beat(16)11
Avg EPS beat(16)4.47%
Revenue beat(2)1
Avg Revenue beat(2)2.44%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)4.9%
Revenue beat(4)2
Avg Revenue beat(4)1.37%
Min Revenue beat(4)-0.92%
Max Revenue beat(4)4.9%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)4
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)-1.24%
PT rev (1m)0%
PT rev (3m)13.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.66%
EPS NY rev (1m)0%
EPS NY rev (3m)5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.8%
Valuation
Industry RankSector Rank
PE 14.68
Fwd PE 11.88
P/S 2.97
P/FCF 8.51
P/OCF 8.17
P/B 1.32
P/tB 1.48
EV/EBITDA N/A
EPS(TTM)1.69
EY6.81%
EPS(NY)2.09
Fwd EY8.41%
FCF(TTM)2.92
FCFY11.76%
OCF(TTM)3.03
OCFY12.23%
SpS8.35
BVpS18.76
TBVpS16.78
PEG (NY)0.92
PEG (5Y)13.69
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 9.09%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 20.41%
GM N/A
FCFM 34.93%
ROA(3y)0.83%
ROA(5y)0.83%
ROE(3y)10.78%
ROE(5y)9.78%
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 3Y2.07%
PM growth 5Y-3.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.84
Debt/EBITDA N/A
Cap/Depr 47.9%
Cap/Sales 1.41%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 171.17%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC10.22%
ROIC/WACCN/A
Cap/Depr(3y)55.09%
Cap/Depr(5y)70.28%
Cap/Sales(3y)1.74%
Cap/Sales(5y)2.6%
Profit Quality(3y)202.18%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.05%
EPS 3Y5.54%
EPS 5Y1.07%
EPS Q2Q%117.39%
EPS Next Y15.91%
EPS Next 2Y16.43%
EPS Next 3Y17.51%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y3.31%
Revenue growth 5Y5.04%
Sales Q2Q%21.59%
Revenue Next Year9.37%
Revenue Next 2Y10.28%
Revenue Next 3Y9.79%
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 1Y7.14%
FCF growth 3YN/A
FCF growth 5Y-9.62%
OCF growth 1Y6.56%
OCF growth 3YN/A
OCF growth 5Y-9.35%