FULTON FINANCIAL CORP (FULT)
US3602711000 - Common Stock
Taking everything into account, FULT scores 3 out of 10 in our fundamental rating. FULT was compared to 406 industry peers in the Banks industry. Both the profitability and financial health of FULT have multiple concerns. FULT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FULT was profitable.
FULT had a positive operating cash flow in the past year.
In the past 5 years FULT has always been profitable.
In the past 5 years FULT always reported a positive cash flow from operatings.
1.2 Ratios
FULT's Return On Assets of 0.85% is in line compared to the rest of the industry. FULT outperforms 58.17% of its industry peers.
FULT has a Return On Equity of 8.56%. This is comparable to the rest of the industry: FULT outperforms 55.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 8.56% | ||
| ROIC | N/A |
ROA(3y)1.02%
ROA(5y)0.95%
ROE(3y)10.14%
ROE(5y)9.36%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FULT's Profit Margin of 23.08% is in line compared to the rest of the industry. FULT outperforms 55.20% of its industry peers.
In the last couple of years the Profit Margin of FULT has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for FULT so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 23.08% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.79%
PM growth 5Y0.08%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FULT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FULT has less shares outstanding
The number of shares outstanding for FULT has been reduced compared to 5 years ago.
FULT has a better debt/assets ratio than last year.
2.2 Solvency
FULT has a debt to FCF ratio of 5.13. This is a neutral value as FULT would need 5.13 years to pay back of all of its debts.
FULT has a worse Debt to FCF ratio (5.13) than 63.12% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that FULT is not too dependend on debt financing.
FULT's Debt to Equity ratio of 0.34 is on the low side compared to the rest of the industry. FULT is outperformed by 69.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 5.13 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.52%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FULT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.87%.
Measured over the past 5 years, FULT shows a small growth in Earnings Per Share. The EPS has been growing by 7.45% on average per year.
The Revenue has grown by 8.89% in the past year. This is quite good.
FULT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
EPS 1Y (TTM)2.87%
EPS 3Y16.1%
EPS 5Y7.45%
EPS Q2Q%19.05%
Revenue 1Y (TTM)8.89%
Revenue growth 3Y7.54%
Revenue growth 5Y5.55%
Sales Q2Q%18.2%
3.2 Future
The Earnings Per Share is expected to grow by 6.71% on average over the next years.
FULT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.87% yearly.
EPS Next Y6.83%
EPS Next 2Y4.23%
EPS Next 3Y6.71%
EPS Next 5YN/A
Revenue Next Year12.12%
Revenue Next 2Y7.61%
Revenue Next 3Y6.87%
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 stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
FULT is valuated reasonably with a Price/Earnings ratio of 10.95.
Compared to the rest of the industry, the Price/Earnings ratio of FULT indicates a somewhat cheap valuation: FULT is cheaper than 75.74% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FULT to the average of the S&P500 Index (27.73), we can say FULT is valued rather cheaply.
The Price/Forward Earnings ratio is 10.68, which indicates a very decent valuation of FULT.
Based on the Price/Forward Earnings ratio, FULT is valued a bit cheaper than 65.84% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.83. FULT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.95 | ||
| Fwd PE | 10.68 |
4.2 Price Multiples
60.64% of the companies in the same industry are cheaper than FULT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.6 | ||
| EV/EBITDA | N/A |
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)1.6
PEG (5Y)1.47
EPS Next 2Y4.23%
EPS Next 3Y6.71%
5. Dividend
5.1 Amount
FULT has a Yearly Dividend Yield of 3.24%.
Compared to an average industry Dividend Yield of 3.02, FULT pays a bit more dividend than its industry peers.
FULT's Dividend Yield is a higher than the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
The dividend of FULT is nicely growing with an annual growth rate of 6.05%!
FULT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
46.16% of the earnings are spent on dividend by FULT. This is a bit on the high side, but may be sustainable.
The dividend of FULT is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP46.16%
EPS Next 2Y4.23%
EPS Next 3Y6.71%
FULTON FINANCIAL CORP
NASDAQ:FULT (12/20/2024, 8:13:40 PM)
After market: 19.6 0 (0%)19.6
+0.2 (+1.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.89%
Inst Owner Change-2.55%
Ins Owners2.16%
Ins Owner Change-1.32%
Market Cap3.57B
Analysts73.85
Price Target21.93 (11.89%)
Short Float %3.2%
Short Ratio4.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Dividend Growth(5Y)6.05%
DP46.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.19%
Min EPS beat(2)10.69%
Max EPS beat(2)51.7%
EPS beat(4)4
Avg EPS beat(4)16.63%
Min EPS beat(4)1.2%
Max EPS beat(4)51.7%
EPS beat(8)6
Avg EPS beat(8)5.8%
EPS beat(12)8
Avg EPS beat(12)5.27%
EPS beat(16)11
Avg EPS beat(16)8.11%
Revenue beat(2)1
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-4.02%
Max Revenue beat(2)0.6%
Revenue beat(4)2
Avg Revenue beat(4)-1.78%
Min Revenue beat(4)-4.22%
Max Revenue beat(4)0.6%
Revenue beat(8)5
Avg Revenue beat(8)3.71%
Revenue beat(12)9
Avg Revenue beat(12)13.36%
Revenue beat(16)13
Avg Revenue beat(16)19.8%
PT rev (1m)4.88%
PT rev (3m)6.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.85%
EPS NY rev (1m)0%
EPS NY rev (3m)1.61%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.95 | ||
| Fwd PE | 10.68 | ||
| P/S | 3 | ||
| P/FCF | 16.6 | ||
| P/OCF | 15.43 | ||
| P/B | 1.11 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.79
EY9.13%
EPS(NY)1.84
Fwd EY9.37%
FCF(TTM)1.18
FCFY6.02%
OCF(TTM)1.27
OCFY6.48%
SpS6.53
BVpS17.6
TBVpS14.08
PEG (NY)1.6
PEG (5Y)1.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 8.56% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.08% | ||
| GM | N/A | ||
| FCFM | 18.1% |
ROA(3y)1.02%
ROA(5y)0.95%
ROE(3y)10.14%
ROE(5y)9.36%
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 3Y7.79%
PM growth 5Y0.08%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 5.13 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 38.05% | ||
| Cap/Sales | 1.37% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 78.41% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC10.52%
ROIC/WACCN/A
Cap/Depr(3y)75.51%
Cap/Depr(5y)81.87%
Cap/Sales(3y)2.35%
Cap/Sales(5y)2.65%
Profit Quality(3y)150.47%
Profit Quality(5y)114.19%
High Growth Momentum
Growth
EPS 1Y (TTM)2.87%
EPS 3Y16.1%
EPS 5Y7.45%
EPS Q2Q%19.05%
EPS Next Y6.83%
EPS Next 2Y4.23%
EPS Next 3Y6.71%
EPS Next 5YN/A
Revenue 1Y (TTM)8.89%
Revenue growth 3Y7.54%
Revenue growth 5Y5.55%
Sales Q2Q%18.2%
Revenue Next Year12.12%
Revenue Next 2Y7.61%
Revenue Next 3Y6.87%
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-59.36%
FCF growth 3Y33.99%
FCF growth 5Y5.14%
OCF growth 1Y-57.12%
OCF growth 3Y32.12%
OCF growth 5Y4.11%