FIRST FINL BANKSHARES INC (FFIN) Stock Fundamental Analysis
NASDAQ:FFIN - Nasdaq - US32020R1095 - Common Stock - Currency: USD
Taking everything into account, FFIN scores 4 out of 10 in our fundamental rating. FFIN was compared to 405 industry peers in the Banks industry. FFIN has an average financial health and profitability rating. FFIN is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FFIN had positive earnings in the past year.
FFIN had a positive operating cash flow in the past year.
Each year in the past 5 years FFIN has been profitable.
FFIN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 1.53%, FFIN belongs to the best of the industry, outperforming 91.48% of the companies in the same industry.
FFIN's Return On Equity of 12.46% is amongst the best of the industry. FFIN outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.53% | ||
| ROE | 12.46% | ||
| ROIC | N/A |
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FFIN (39.60%) is better than 96.49% of its industry peers.
FFIN's Profit Margin has been stable in the last couple of years.
FFIN 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) | 39.6% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.95%
PM growth 5Y-0.43%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FFIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
FFIN has less shares outstanding than it did 1 year ago.
FFIN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FFIN has an improved debt to assets ratio.
2.2 Solvency
FFIN has a debt to FCF ratio of 0.31. This is a very positive value and a sign of high solvency as it would only need 0.31 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.31, FFIN belongs to the top of the industry, outperforming 86.47% of the companies in the same industry.
FFIN has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
FFIN has a better Debt to Equity ratio (0.05) than 81.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.31 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.17%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FFIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.43%, which is quite good.
The Earnings Per Share has been growing slightly by 5.13% on average over the past years.
The Revenue has grown by 11.99% in the past year. This is quite good.
Measured over the past years, FFIN shows a small growth in Revenue. The Revenue has been growing by 6.74% on average per year.
EPS 1Y (TTM)11.43%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%34.37%
Revenue 1Y (TTM)11.99%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%23.1%
3.2 Future
Based on estimates for the next years, FFIN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.22% on average per year.
FFIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.65% yearly.
EPS Next Y15.09%
EPS Next 2Y9.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.76%
Revenue Next 2Y7.65%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 23.61, the valuation of FFIN can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of FFIN indicates a rather expensive valuation: FFIN more expensive than 82.96% of the companies listed in the same industry.
FFIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.62.
Based on the Price/Forward Earnings ratio of 20.51, the valuation of FFIN can be described as rather expensive.
Based on the Price/Forward Earnings ratio, FFIN is valued a bit more expensive than 76.69% of the companies in the same industry.
FFIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.61 | ||
| Fwd PE | 20.51 |
4.2 Price Multiples
64.91% of the companies in the same industry are cheaper than FFIN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.63 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FFIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.56
PEG (5Y)4.61
EPS Next 2Y9.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FFIN has a Yearly Dividend Yield of 1.93%. Purely for dividend investing, there may be better candidates out there.
FFIN's Dividend Yield is slightly below the industry average, which is at 3.19.
FFIN's Dividend Yield is comparable with the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
5.2 History
The dividend of FFIN is nicely growing with an annual growth rate of 11.71%!
FFIN has paid a dividend for at least 10 years, which is a reliable track record.
FFIN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.71%
Div Incr Years14
Div Non Decr Years25
5.3 Sustainability
49.69% of the earnings are spent on dividend by FFIN. This is a bit on the high side, but may be sustainable.
FFIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP49.69%
EPS Next 2Y9.22%
EPS Next 3YN/A
36.83
-0.48 (-1.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.74%
Inst Owner Change-94.49%
Ins Owners4.12%
Ins Owner Change0.47%
Market Cap5.26B
Analysts48.89
Price Target41.57 (12.87%)
Short Float %5.43%
Short Ratio15.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
Yearly Dividend0.7
Dividend Growth(5Y)11.71%
DP49.69%
Div Incr Years14
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.35%
Min EPS beat(2)-1.46%
Max EPS beat(2)0.76%
EPS beat(4)2
Avg EPS beat(4)-0.76%
Min EPS beat(4)-7.18%
Max EPS beat(4)4.84%
EPS beat(8)2
Avg EPS beat(8)-2.33%
EPS beat(12)4
Avg EPS beat(12)-1.36%
EPS beat(16)8
Avg EPS beat(16)0.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)-1.17%
Revenue beat(4)0
Avg Revenue beat(4)-3.64%
Min Revenue beat(4)-6.38%
Max Revenue beat(4)-1.17%
Revenue beat(8)0
Avg Revenue beat(8)-4.58%
Revenue beat(12)0
Avg Revenue beat(12)-4.17%
Revenue beat(16)1
Avg Revenue beat(16)-3.79%
PT rev (1m)-1.21%
PT rev (3m)5.16%
EPS NQ rev (1m)0.63%
EPS NQ rev (3m)0.63%
EPS NY rev (1m)8.83%
EPS NY rev (3m)7.33%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)3.68%
Revenue NY rev (3m)3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.61 | ||
| Fwd PE | 20.51 | ||
| P/S | 10.06 | ||
| P/FCF | 19.63 | ||
| P/OCF | 18.54 | ||
| P/B | 3.17 | ||
| P/tB | 5.09 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.56
EY4.24%
EPS(NY)1.8
Fwd EY4.87%
FCF(TTM)1.88
FCFY5.09%
OCF(TTM)1.99
OCFY5.39%
SpS3.66
BVpS11.63
TBVpS7.24
PEG (NY)1.56
PEG (5Y)4.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.53% | ||
| ROE | 12.46% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 39.6% | ||
| GM | N/A | ||
| FCFM | 51.25% |
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
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-2.95%
PM growth 5Y-0.43%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.31 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 119.66% | ||
| Cap/Sales | 3.02% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 129.41% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC10.17%
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)11.43%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%34.37%
EPS Next Y15.09%
EPS Next 2Y9.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.99%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%23.1%
Revenue Next Year10.76%
Revenue Next 2Y7.65%
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 1Y-3.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3.96%
OCF growth 3YN/A
OCF growth 5YN/A