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OFG BANCORP (OFG) Stock Fundamental Analysis

NYSE:OFG - New York Stock Exchange, Inc. - PR67103X1020 - Common Stock

45.23  +0.49 (+1.1%)

Fundamental Rating

5

Taking everything into account, OFG scores 5 out of 10 in our fundamental rating. OFG was compared to 405 industry peers in the Banks industry. Both the profitability and the financial health of OFG get a neutral evaluation. Nothing too spectacular is happening here. OFG has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year OFG was profitable.
OFG had a positive operating cash flow in the past year.
In the past 5 years OFG has always been profitable.
Each year in the past 5 years OFG had a positive operating cash flow.
OFG Yearly Net Income VS EBIT VS OCF VS FCFOFG 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 0 100M 200M

1.2 Ratios

OFG has a Return On Assets of 1.70%. This is amongst the best in the industry. OFG outperforms 93.97% of its industry peers.
OFG has a better Return On Equity (14.75%) than 92.21% of its industry peers.
Industry RankSector Rank
ROA 1.7%
ROE 14.75%
ROIC N/A
ROA(3y)1.59%
ROA(5y)1.19%
ROE(3y)14.91%
ROE(5y)11.1%
ROIC(3y)N/A
ROIC(5y)N/A
OFG Yearly ROA, ROE, ROICOFG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15

1.3 Margins

OFG has a Profit Margin of 27.34%. This is in the better half of the industry: OFG outperforms 74.87% of its industry peers.
OFG's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for OFG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.34%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y27.52%
PM growth 5Y7.61%
GM growth 3YN/A
GM growth 5YN/A
OFG Yearly Profit, Operating, Gross MarginsOFG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

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5

2. Health

2.1 Basic Checks

OFG does not have a ROIC to compare to the WACC, probably because it is not profitable.
OFG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, OFG has less shares outstanding
The debt/assets ratio for OFG has been reduced compared to a year ago.
OFG Yearly Shares OutstandingOFG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
OFG Yearly Total Debt VS Total AssetsOFG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

There is no outstanding debt for OFG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACC11.14%
OFG Yearly LT Debt VS Equity VS FCFOFG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
OFG Yearly Current Assets VS Current LiabilitesOFG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.82% over the past year.
The Earnings Per Share has been growing by 19.99% on average over the past years. This is quite good.
Looking at the last year, OFG shows a small growth in Revenue. The Revenue has grown by 5.29% in the last year.
Measured over the past years, OFG shows a quite strong growth in Revenue. The Revenue has been growing by 11.72% on average per year.
EPS 1Y (TTM)6.82%
EPS 3Y42.37%
EPS 5Y19.99%
EPS Q2Q%5.26%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y8.96%
Revenue growth 5Y11.72%
Sales Q2Q%4.29%

3.2 Future

OFG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.43% yearly.
Based on estimates for the next years, OFG will show a small growth in Revenue. The Revenue will grow by 3.52% on average per year.
EPS Next Y9.82%
EPS Next 2Y2.77%
EPS Next 3Y4.43%
EPS Next 5YN/A
Revenue Next Year5.08%
Revenue Next 2Y3.03%
Revenue Next 3Y3.52%
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.
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.
OFG Yearly Revenue VS EstimatesOFG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
OFG Yearly EPS VS EstimatesOFG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.11, which indicates a very decent valuation of OFG.
Based on the Price/Earnings ratio, OFG is valued a bit cheaper than 77.39% of the companies in the same industry.
OFG is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
OFG is valuated reasonably with a Price/Forward Earnings ratio of 11.33.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OFG indicates a somewhat cheap valuation: OFG is cheaper than 62.31% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, OFG is valued rather cheaply.
Industry RankSector Rank
PE 11.11
Fwd PE 11.33
OFG Price Earnings VS Forward Price EarningsOFG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

OFG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OFG is cheaper than 84.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.39
EV/EBITDA N/A
OFG Per share dataOFG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

OFG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.13
PEG (5Y)0.56
EPS Next 2Y2.77%
EPS Next 3Y4.43%

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5

5. Dividend

5.1 Amount

OFG has a Yearly Dividend Yield of 2.31%.
OFG's Dividend Yield is slightly below the industry average, which is at 3.22.
OFG's Dividend Yield is comparable with the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 2.31%

5.2 History

The dividend of OFG is nicely growing with an annual growth rate of 10.71%!
OFG has been paying a dividend for at least 10 years, so it has a reliable track record.
OFG has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.71%
Div Incr Years4
Div Non Decr Years8
OFG Yearly Dividends per shareOFG Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

OFG pays out 22.93% of its income as dividend. This is a sustainable payout ratio.
The dividend of OFG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.93%
EPS Next 2Y2.77%
EPS Next 3Y4.43%
OFG Yearly Income VS Free CF VS DividendOFG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M 250M
OFG Dividend Payout.OFG Dividend Payout, showing the Payout Ratio.OFG Dividend Payout.PayoutRetained Earnings

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OFG BANCORP

NYSE:OFG (1/22/2025, 10:23:53 AM)

45.23

+0.49 (+1.1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-16 2024-10-16/bmo
Earnings (Next)01-22 2025-01-22/bmo
Inst Owners95.59%
Inst Owner Change-0.07%
Ins Owners1.75%
Ins Owner Change-16.03%
Market Cap2.08B
Analysts80
Price Target51.38 (13.6%)
Short Float %0.9%
Short Ratio1.3
Dividend
Industry RankSector Rank
Dividend Yield 2.31%
Yearly Dividend0.87
Dividend Growth(5Y)10.71%
DP22.93%
Div Incr Years4
Div Non Decr Years8
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.35%
Min EPS beat(2)-2.69%
Max EPS beat(2)11.39%
EPS beat(4)3
Avg EPS beat(4)4.55%
Min EPS beat(4)-2.69%
Max EPS beat(4)11.39%
EPS beat(8)7
Avg EPS beat(8)4.72%
EPS beat(12)10
Avg EPS beat(12)4.76%
EPS beat(16)13
Avg EPS beat(16)8.61%
Revenue beat(2)0
Avg Revenue beat(2)-7.43%
Min Revenue beat(2)-10.46%
Max Revenue beat(2)-4.39%
Revenue beat(4)1
Avg Revenue beat(4)-3.92%
Min Revenue beat(4)-10.46%
Max Revenue beat(4)0.36%
Revenue beat(8)4
Avg Revenue beat(8)4%
Revenue beat(12)8
Avg Revenue beat(12)13.55%
Revenue beat(16)12
Avg Revenue beat(16)17.8%
PT rev (1m)2.54%
PT rev (3m)2.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.79%
Valuation
Industry RankSector Rank
PE 11.11
Fwd PE 11.33
P/S 2.92
P/FCF 7.39
P/OCF 6.45
P/B 1.57
P/tB 1.81
EV/EBITDA N/A
EPS(TTM)4.07
EY9%
EPS(NY)3.99
Fwd EY8.83%
FCF(TTM)6.12
FCFY13.54%
OCF(TTM)7.01
OCFY15.5%
SpS15.5
BVpS28.72
TBVpS25.04
PEG (NY)1.13
PEG (5Y)0.56
Profitability
Industry RankSector Rank
ROA 1.7%
ROE 14.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.34%
GM N/A
FCFM 39.52%
ROA(3y)1.59%
ROA(5y)1.19%
ROE(3y)14.91%
ROE(5y)11.1%
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 3Y27.52%
PM growth 5Y7.61%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr 149.14%
Cap/Sales 5.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 144.56%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC11.14%
ROIC/WACCN/A
Cap/Depr(3y)96.53%
Cap/Depr(5y)97.58%
Cap/Sales(3y)3.97%
Cap/Sales(5y)3.6%
Profit Quality(3y)95.37%
Profit Quality(5y)103.88%
High Growth Momentum
Growth
EPS 1Y (TTM)6.82%
EPS 3Y42.37%
EPS 5Y19.99%
EPS Q2Q%5.26%
EPS Next Y9.82%
EPS Next 2Y2.77%
EPS Next 3Y4.43%
EPS Next 5YN/A
Revenue 1Y (TTM)5.29%
Revenue growth 3Y8.96%
Revenue growth 5Y11.72%
Sales Q2Q%4.29%
Revenue Next Year5.08%
Revenue Next 2Y3.03%
Revenue Next 3Y3.52%
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 1Y213.27%
FCF growth 3Y141.6%
FCF growth 5Y17.91%
OCF growth 1Y160.64%
OCF growth 3Y103.66%
OCF growth 5Y17.25%