FIRST HORIZON CORP (FHN)
US3205171057 - Common Stock
Taking everything into account, FHN scores 4 out of 10 in our fundamental rating. FHN was compared to 402 industry peers in the Banks industry. FHN may be in some trouble as it scores bad on both profitability and health. FHN is not valued too expensively and it also shows a decent growth rate. Finally FHN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FHN was profitable.
FHN had a positive operating cash flow in the past year.
Each year in the past 5 years FHN has been profitable.
In the past 5 years FHN always reported a positive cash flow from operatings.
1.2 Ratios
FHN's Return On Assets of 0.82% is in line compared to the rest of the industry. FHN outperforms 52.74% of its industry peers.
FHN has a Return On Equity (7.77%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 7.77% | ||
| ROIC | N/A |
ROA(3y)1.08%
ROA(5y)1.04%
ROE(3y)10.62%
ROE(5y)10.24%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 20.96%, FHN is in line with its industry, outperforming 42.79% of the companies in the same industry.
FHN's Profit Margin has declined in the last couple of years.
FHN 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) | 20.96% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.44%
PM growth 5Y-2.09%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FHN does not have a ROIC to compare to the WACC, probably because it is not profitable.
FHN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FHN has more shares outstanding
FHN has a better debt/assets ratio than last year.
2.2 Solvency
FHN has a debt to FCF ratio of 3.33. This is a good value and a sign of high solvency as FHN would need 3.33 years to pay back of all of its debts.
The Debt to FCF ratio of FHN (3.33) is comparable to the rest of the industry.
FHN has a Debt/Equity ratio of 0.66. This is a neutral value indicating FHN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.66, FHN is doing worse than 78.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FHN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.37%.
FHN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.28% yearly.
Looking at the last year, FHN shows a very negative growth in Revenue. The Revenue has decreased by -11.93% in the last year.
Measured over the past years, FHN shows a quite strong growth in Revenue. The Revenue has been growing by 12.28% on average per year.
EPS 1Y (TTM)-27.37%
EPS 3Y10.5%
EPS 5Y0.28%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)-11.93%
Revenue growth 3Y3.2%
Revenue growth 5Y12.28%
Sales Q2Q%-20.95%
3.2 Future
The Earnings Per Share is expected to grow by 10.44% on average over the next years. This is quite good.
FHN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.22% yearly.
EPS Next Y3.12%
EPS Next 2Y6.14%
EPS Next 3Y10.44%
EPS Next 5YN/A
Revenue Next Year-2.01%
Revenue Next 2Y0.63%
Revenue Next 3Y2.22%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FHN is valuated reasonably with a Price/Earnings ratio of 11.80.
FHN's Price/Earnings is on the same level as the industry average.
FHN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.62.
Based on the Price/Forward Earnings ratio of 9.52, the valuation of FHN can be described as reasonable.
Based on the Price/Forward Earnings ratio, FHN is valued a bit cheaper than the industry average as 68.41% of the companies are valued more expensively.
FHN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 9.52 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FHN is valued cheaply inside the industry as 91.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.91 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FHN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.78
PEG (5Y)41.83
EPS Next 2Y6.14%
EPS Next 3Y10.44%
5. Dividend
5.1 Amount
FHN has a Yearly Dividend Yield of 3.81%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.35, FHN pays a bit more dividend than its industry peers.
FHN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
5.2 History
The dividend of FHN is nicely growing with an annual growth rate of 8.34%!
FHN has paid a dividend for at least 10 years, which is a reliable track record.
FHN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.34%
Div Incr Years0
Div Non Decr Years12
5.3 Sustainability
FHN pays out 55.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FHN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP55.13%
EPS Next 2Y6.14%
EPS Next 3Y10.44%
FIRST HORIZON CORP
NYSE:FHN (9/6/2024, 8:13:06 PM)
After market: 15.26 -0.08 (-0.52%)15.34
-0.39 (-2.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 9.52 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.78
PEG (5Y)41.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 7.77% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 20.96% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-27.37%
EPS 3Y10.5%
EPS 5Y
EPS Q2Q%
EPS Next Y3.12%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.93%
Revenue growth 3Y3.2%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y