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FIRST FINL BANKSHARES INC (FFIN) Stock Fundamental Analysis

NASDAQ:FFIN - Nasdaq - US32020R1095 - Common Stock - Currency: USD

33.64  +0.44 (+1.33%)

Fundamental Rating

4

FFIN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. FFIN has only an average score on both its financial health and profitability. While showing a medium growth rate, FFIN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year FFIN was profitable.
FFIN had a positive operating cash flow in the past year.
Each year in the past 5 years FFIN has been profitable.
In the past 5 years FFIN always reported a positive cash flow from operatings.
FFIN Yearly Net Income VS EBIT VS OCF VS FCFFFIN 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

1.2 Ratios

The Return On Assets of FFIN (1.60%) is better than 92.96% of its industry peers.
FFIN has a better Return On Equity (13.91%) than 88.69% of its industry peers.
Industry RankSector Rank
ROA 1.6%
ROE 13.91%
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
FFIN Yearly ROA, ROE, ROICFFIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 40.58%, FFIN belongs to the top of the industry, outperforming 96.23% of the companies in the same industry.
FFIN's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for FFIN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 40.58%
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
FFIN Yearly Profit, Operating, Gross MarginsFFIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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4

2. Health

2.1 Basic Checks

FFIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FFIN has about the same amount of shares outstanding.
The number of shares outstanding for FFIN has been increased compared to 5 years ago.
The debt/assets ratio for FFIN has been reduced compared to a year ago.
FFIN Yearly Shares OutstandingFFIN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
FFIN Yearly Total Debt VS Total AssetsFFIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

The Debt to FCF ratio of FFIN is 0.67, which is an excellent value as it means it would take FFIN, only 0.67 years of fcf income to pay off all of its debts.
FFIN has a Debt to FCF ratio of 0.67. This is amongst the best in the industry. FFIN outperforms 81.16% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that FFIN is not too dependend on debt financing.
FFIN's Debt to Equity ratio of 0.12 is fine compared to the rest of the industry. FFIN outperforms 68.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.67
Altman-Z N/A
ROIC/WACCN/A
WACC11.85%
FFIN Yearly LT Debt VS Equity VS FCFFFIN 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

2.3 Liquidity

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

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.71% over the past year.
Measured over the past 5 years, FFIN shows a small growth in Earnings Per Share. The EPS has been growing by 5.13% on average per year.
The Revenue has grown by 14.69% in the past year. This is quite good.
The Revenue has been growing slightly by 6.74% on average over the past years.
EPS 1Y (TTM)15.71%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%16.22%
Revenue 1Y (TTM)14.69%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%17.74%

3.2 Future

The Earnings Per Share is expected to grow by 9.24% on average over the next years. This is quite good.
Based on estimates for the next years, FFIN will show a small growth in Revenue. The Revenue will grow by 7.73% on average per year.
EPS Next Y15.42%
EPS Next 2Y9.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.93%
Revenue Next 2Y7.73%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FFIN Yearly Revenue VS EstimatesFFIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
FFIN Yearly EPS VS EstimatesFFIN 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

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 20.77, the valuation of FFIN can be described as rather expensive.
Based on the Price/Earnings ratio, FFIN is valued a bit more expensive than 79.90% of the companies in the same industry.
FFIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.33.
Based on the Price/Forward Earnings ratio of 18.07, 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 the industry average as 75.13% of the companies are valued more cheaply.
FFIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.37.
Industry RankSector Rank
PE 20.77
Fwd PE 18.07
FFIN Price Earnings VS Forward Price EarningsFFIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FFIN is valued a bit more expensive than the industry average as 67.09% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 16.42
EV/EBITDA N/A
FFIN Per share dataFFIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.35
PEG (5Y)4.05
EPS Next 2Y9.24%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FFIN has a Yearly Dividend Yield of 2.23%.
Compared to an average industry Dividend Yield of 3.66, FFIN is paying slightly less dividend.
FFIN's Dividend Yield is comparable with the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 2.23%

5.2 History

On average, the dividend of FFIN grows each year by 9.74%, which is quite nice.
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)9.74%
Div Incr Years14
Div Non Decr Years25
FFIN Yearly Dividends per shareFFIN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FFIN pays out 46.04% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FFIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP46.04%
EPS Next 2Y9.24%
EPS Next 3YN/A
FFIN Yearly Income VS Free CF VS DividendFFIN 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
FFIN Dividend Payout.FFIN Dividend Payout, showing the Payout Ratio.FFIN Dividend Payout.PayoutRetained Earnings

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FIRST FINL BANKSHARES INC

NASDAQ:FFIN (4/23/2025, 2:42:21 PM)

33.64

+0.44 (+1.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-17 2025-04-17/amc
Earnings (Next)07-16 2025-07-16/amc
Inst Owners76.74%
Inst Owner Change0.09%
Ins Owners4.12%
Ins Owner Change0.38%
Market Cap4.81B
Analysts48.89
Price Target41.57 (23.57%)
Short Float %5.53%
Short Ratio15.44
Dividend
Industry RankSector Rank
Dividend Yield 2.23%
Yearly Dividend0.72
Dividend Growth(5Y)9.74%
DP46.04%
Div Incr Years14
Div Non Decr Years25
Ex-Date03-14 2025-03-14 (0.18)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.97%
Min EPS beat(2)-1.46%
Max EPS beat(2)5.39%
EPS beat(4)3
Avg EPS beat(4)2.38%
Min EPS beat(4)-1.46%
Max EPS beat(4)5.39%
EPS beat(8)3
Avg EPS beat(8)-1.39%
EPS beat(12)5
Avg EPS beat(12)-0.87%
EPS beat(16)8
Avg EPS beat(16)-0.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.47%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)-0.28%
Revenue beat(4)0
Avg Revenue beat(4)-2.11%
Min Revenue beat(4)-4.34%
Max Revenue beat(4)-0.28%
Revenue beat(8)0
Avg Revenue beat(8)-4.03%
Revenue beat(12)0
Avg Revenue beat(12)-3.81%
Revenue beat(16)1
Avg Revenue beat(16)-3.61%
PT rev (1m)0%
PT rev (3m)-1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.36%
EPS NY rev (1m)0.28%
EPS NY rev (3m)9.13%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)4%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)3.84%
Valuation
Industry RankSector Rank
PE 20.77
Fwd PE 18.07
P/S 8.73
P/FCF 16.42
P/OCF 15.53
P/B 2.99
P/tB 4.91
EV/EBITDA N/A
EPS(TTM)1.62
EY4.82%
EPS(NY)1.86
Fwd EY5.53%
FCF(TTM)2.05
FCFY6.09%
OCF(TTM)2.17
OCFY6.44%
SpS3.85
BVpS11.24
TBVpS6.85
PEG (NY)1.35
PEG (5Y)4.05
Profitability
Industry RankSector Rank
ROA 1.6%
ROE 13.91%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 40.58%
GM N/A
FCFM 53.19%
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-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.67
Debt/EBITDA N/A
Cap/Depr 124.53%
Cap/Sales 3.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 131.05%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC11.85%
ROIC/WACCN/A
Cap/Depr(3y)128.37%
Cap/Depr(5y)132.12%
Cap/Sales(3y)3.17%
Cap/Sales(5y)3.32%
Profit Quality(3y)132.31%
Profit Quality(5y)127.96%
High Growth Momentum
Growth
EPS 1Y (TTM)15.71%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%16.22%
EPS Next Y15.42%
EPS Next 2Y9.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.69%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%17.74%
Revenue Next Year10.93%
Revenue Next 2Y7.73%
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 1Y9.47%
FCF growth 3Y-4.28%
FCF growth 5Y8.61%
OCF growth 1Y8.71%
OCF growth 3Y-4.29%
OCF growth 5Y8.86%