FULTON FINANCIAL CORP (FULT)
US3602711000 - Common Stock
FULT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 411 industry peers in the Banks industry. FULT may be in some trouble as it scores bad on both profitability and health. FULT has a valuation in line with the averages, but on the other hand it scores bad on growth.
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
Looking at the Return On Assets, with a value of 0.97%, FULT is in the better half of the industry, outperforming 62.04% of the companies in the same industry.
With a Return On Equity value of 9.70%, FULT perfoms like the industry average, outperforming 58.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.97% | ||
| ROE | 9.7% | ||
| 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
With a Profit Margin value of 24.80%, FULT perfoms like the industry average, outperforming 57.91% of the companies in the same industry.
FULT's Profit Margin has been stable in the last couple of years.
FULT 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) | 24.8% | ||
| 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
Compared to 5 years ago, FULT has less shares outstanding
FULT has a better debt/assets ratio than last year.
2.2 Solvency
FULT has a debt to FCF ratio of 3.19. This is a good value and a sign of high solvency as FULT would need 3.19 years to pay back of all of its debts.
FULT has a Debt to FCF ratio (3.19) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.51 indicates that FULT is somewhat dependend on debt financing.
FULT's Debt to Equity ratio of 0.51 is on the low side compared to the rest of the industry. FULT is outperformed by 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.19 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.6%
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 1.19%.
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 been growing slightly by 1.81% in the past year.
Measured over the past years, FULT shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)1.19%
EPS 3Y16.1%
EPS 5Y7.45%
EPS growth Q2Q2.56%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.54%
Revenue growth 5Y5.55%
Revenue growth Q2Q-20.89%
3.2 Future
The Earnings Per Share is expected to decrease by -3.16% on average over the next years.
The Revenue is expected to decrease by -1.19% on average over the next years.
EPS Next Y-8.94%
EPS Next 2Y-3.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.96%
Revenue Next 2Y-1.19%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.21, the valuation of FULT can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of FULT is on the same level as its industry peers.
When comparing the Price/Earnings ratio of FULT to the average of the S&P500 Index (28.60), we can say FULT is valued rather cheaply.
A Price/Forward Earnings ratio of 10.95 indicates a reasonable valuation of FULT.
The rest of the industry has a similar Price/Forward Earnings ratio as FULT.
FULT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.21 | ||
| Fwd PE | 10.95 |
4.2 Price Multiples
71.78% of the companies in the same industry are more expensive than FULT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.21 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as FULT's earnings are expected to decrease with -3.16% in the coming years.
PEG (NY)N/A
PEG (5Y)1.37
EPS Next 2Y-3.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FULT has a Yearly Dividend Yield of 3.89%.
Compared to an average industry Dividend Yield of 3.65, FULT pays a bit more dividend than its industry peers.
FULT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
5.2 History
On average, the dividend of FULT grows each year by 6.05%, which is quite nice.
FULT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FULT pays out 43.63% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP43.63%
EPS Next 2Y-3.16%
EPS Next 3YN/A
FULTON FINANCIAL CORP
NASDAQ:FULT (5/17/2024, 7:00:29 PM)
After market: 17.36 0 (0%)17.36
-0.11 (-0.63%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.16B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
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 | 10.21 | ||
| Fwd PE | 10.95 | ||
| 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)N/A
PEG (5Y)1.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.97% | ||
| ROE | 9.7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 24.8% | ||
| 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 | 0.51 | ||
| 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)
Growth
EPS 1Y (TTM)1.19%
EPS 3Y16.1%
EPS 5Y
EPS growth Q2Q
EPS Next Y-8.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.54%
Revenue growth 5Y
Revenue growth 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