FIRST UNITED CORP (FUNC) Stock Fundamental Analysis
NASDAQ:FUNC - Nasdaq - US33741H1077 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to FUNC. FUNC was compared to 405 industry peers in the Banks industry. FUNC has a bad profitability rating. Also its financial health evaluation is rather negative. FUNC is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
FUNC had positive earnings in the past year.
FUNC had a positive operating cash flow in the past year.
In the past 5 years FUNC has always been profitable.
Of the past 5 years FUNC 4 years had a positive operating cash flow.
1.2 Ratios
FUNC has a Return On Assets (0.84%) which is in line with its industry peers.
FUNC's Return On Equity of 9.28% is fine compared to the rest of the industry. FUNC outperforms 62.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 9.28% | ||
| ROIC | N/A |
ROA(3y)1.06%
ROA(5y)1.03%
ROE(3y)12.43%
ROE(5y)12.36%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FUNC has a Profit Margin (21.86%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of FUNC has grown nicely.
The Operating Margin and Gross Margin are not available for FUNC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 21.86% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.51%
PM growth 5Y4.4%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FUNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
FUNC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FUNC has less shares outstanding
The debt/assets ratio for FUNC is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FUNC is 4.84, which is a neutral value as it means it would take FUNC, 4.84 years of fcf income to pay off all of its debts.
FUNC has a worse Debt to FCF ratio (4.84) than 62.41% of its industry peers.
FUNC has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
FUNC has a Debt to Equity ratio of 0.47. This is in the lower half of the industry: FUNC underperforms 74.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.84 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.9%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FUNC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.45%, which is quite impressive.
Measured over the past years, FUNC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.23% on average per year.
The Revenue has grown by 11.87% in the past year. This is quite good.
FUNC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.79% yearly.
EPS 1Y (TTM)40.45%
EPS 3Y2.33%
EPS 5Y11.23%
EPS Q2Q%15.85%
Revenue 1Y (TTM)11.87%
Revenue growth 3Y2.88%
Revenue growth 5Y4.79%
Sales Q2Q%9.32%
3.2 Future
The Earnings Per Share is expected to grow by 16.62% on average over the next years. This is quite good.
FUNC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.12% yearly.
EPS Next Y21.43%
EPS Next 2Y16.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.89%
Revenue Next 2Y8.12%
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.
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
FUNC is valuated reasonably with a Price/Earnings ratio of 11.95.
Based on the Price/Earnings ratio, FUNC is valued a bit cheaper than 60.90% of the companies in the same industry.
When comparing the Price/Earnings ratio of FUNC to the average of the S&P500 Index (29.62), we can say FUNC is valued rather cheaply.
FUNC is valuated reasonably with a Price/Forward Earnings ratio of 9.84.
FUNC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FUNC is cheaper than 73.68% of the companies in the same industry.
FUNC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.95 | ||
| Fwd PE | 9.84 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FUNC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.52 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FUNC's earnings are expected to grow with 16.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.56
PEG (5Y)1.06
EPS Next 2Y16.62%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FUNC has a Yearly Dividend Yield of 2.26%. Purely for dividend investing, there may be better candidates out there.
FUNC's Dividend Yield is slightly below the industry average, which is at 3.19.
FUNC's Dividend Yield is comparable with the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
On average, the dividend of FUNC grows each year by 23.93%, which is quite nice.
FUNC has been paying a dividend for at least 10 years, so it has a reliable track record.
As FUNC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)23.93%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
FUNC pays out 32.64% of its income as dividend. This is a sustainable payout ratio.
FUNC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.64%
EPS Next 2Y16.62%
EPS Next 3YN/A
NASDAQ:FUNC (2/21/2025, 8:22:31 PM)
37.64
-1.22 (-3.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners46.31%
Inst Owner Change-88.12%
Ins Owners7.74%
Ins Owner Change0.1%
Market Cap243.53M
Analysts82.86
Price Target42.84 (13.82%)
Short Float %0.16%
Short Ratio0.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Yearly Dividend0.78
Dividend Growth(5Y)23.93%
DP32.64%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.93%
Min EPS beat(2)10.45%
Max EPS beat(2)11.41%
EPS beat(4)3
Avg EPS beat(4)12.92%
Min EPS beat(4)-1.96%
Max EPS beat(4)31.79%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.13%
Min Revenue beat(2)-2.03%
Max Revenue beat(2)1.77%
Revenue beat(4)2
Avg Revenue beat(4)3.18%
Min Revenue beat(4)-13.86%
Max Revenue beat(4)26.83%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)0.05%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)68%
PT rev (3m)68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)13.64%
EPS NY rev (3m)13.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.95 | ||
| Fwd PE | 9.84 | ||
| P/S | 3.3 | ||
| P/FCF | 14.52 | ||
| P/OCF | 13.02 | ||
| P/B | 1.4 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.15
EY8.37%
EPS(NY)3.83
Fwd EY10.16%
FCF(TTM)2.59
FCFY6.89%
OCF(TTM)2.89
OCFY7.68%
SpS11.41
BVpS26.89
TBVpS23.23
PEG (NY)0.56
PEG (5Y)1.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.84% | ||
| ROE | 9.28% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.86% | ||
| GM | N/A | ||
| FCFM | 22.72% |
ROA(3y)1.06%
ROA(5y)1.03%
ROE(3y)12.43%
ROE(5y)12.36%
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 3Y-1.51%
PM growth 5Y4.4%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.84 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 44.81% | ||
| Cap/Sales | 2.61% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 103.93% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC10.9%
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)40.45%
EPS 3Y2.33%
EPS 5Y11.23%
EPS Q2Q%15.85%
EPS Next Y21.43%
EPS Next 2Y16.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.87%
Revenue growth 3Y2.88%
Revenue growth 5Y4.79%
Sales Q2Q%9.32%
Revenue Next Year7.89%
Revenue Next 2Y8.12%
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-28.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.96%
OCF growth 3YN/A
OCF growth 5YN/A