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PINNACLE FINANCIAL PARTNERS (PNFP) Stock Fundamental Analysis

NASDAQ:PNFP - Nasdaq - US72346Q1040 - Common Stock

119.2  -1.02 (-0.85%)

Fundamental Rating

3

Taking everything into account, PNFP scores 3 out of 10 in our fundamental rating. PNFP was compared to 405 industry peers in the Banks industry. Both the profitability and financial health of PNFP have multiple concerns. While showing a medium growth rate, PNFP is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

PNFP had positive earnings in the past year.
In the past year PNFP had a positive cash flow from operations.
Of the past 5 years PNFP 4 years were profitable.
PNFP had a positive operating cash flow in 4 of the past 5 years.
PNFP Yearly Net Income VS EBIT VS OCF VS FCFPNFP 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 200M 400M 600M

1.2 Ratios

PNFP's Return On Assets of 0.80% is in line compared to the rest of the industry. PNFP outperforms 51.26% of its industry peers.
PNFP has a worse Return On Equity (6.36%) than 64.07% of its industry peers.
Industry RankSector Rank
ROA 0.8%
ROE 6.36%
ROIC N/A
ROA(3y)1.26%
ROA(5y)1.22%
ROE(3y)9.53%
ROE(5y)8.8%
ROIC(3y)N/A
ROIC(5y)N/A
PNFP Yearly ROA, ROE, ROICPNFP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8

1.3 Margins

With a Profit Margin value of 24.34%, PNFP perfoms like the industry average, outperforming 58.54% of the companies in the same industry.
PNFP's Profit Margin has declined in the last couple of years.
PNFP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 24.34%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.46%
PM growth 5Y-3.4%
GM growth 3YN/A
GM growth 5YN/A
PNFP Yearly Profit, Operating, Gross MarginsPNFP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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3

2. Health

2.1 Basic Checks

PNFP does not have a ROIC to compare to the WACC, probably because it is not profitable.
PNFP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
PNFP Yearly Shares OutstandingPNFP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
PNFP Yearly Total Debt VS Total AssetsPNFP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

2.2 Solvency

The Debt to FCF ratio of PNFP is 1.49, which is an excellent value as it means it would take PNFP, only 1.49 years of fcf income to pay off all of its debts.
PNFP has a Debt to FCF ratio of 1.49. This is in the better half of the industry: PNFP outperforms 67.34% of its industry peers.
PNFP has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
PNFP's Debt to Equity ratio of 0.10 is fine compared to the rest of the industry. PNFP outperforms 73.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.49
Altman-Z N/A
ROIC/WACCN/A
WACC15.05%
PNFP Yearly LT Debt VS Equity VS FCFPNFP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
PNFP Yearly Current Assets VS Current LiabilitesPNFP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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4

3. Growth

3.1 Past

PNFP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.16%.
The Earnings Per Share has been growing slightly by 2.00% on average over the past years.
EPS 1Y (TTM)-14.16%
EPS 3Y-4.22%
EPS 5Y2%
EPS Q2Q%13.1%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.93%

3.2 Future

PNFP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.74% yearly.
Based on estimates for the next years, PNFP will show a quite strong growth in Revenue. The Revenue will grow by 12.72% on average per year.
EPS Next Y30.78%
EPS Next 2Y24.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.76%
Revenue Next 2Y12.72%
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.
PNFP Yearly Revenue VS EstimatesPNFP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
PNFP Yearly EPS VS EstimatesPNFP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 20.07, which indicates a rather expensive current valuation of PNFP.
77.14% of the companies in the same industry are cheaper than PNFP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PNFP to the average of the S&P500 Index (28.29), we can say PNFP is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.34, PNFP is valued correctly.
Based on the Price/Forward Earnings ratio, PNFP is valued a bit more expensive than 69.35% of the companies in the same industry.
PNFP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.07
Fwd PE 15.34
PNFP Price Earnings VS Forward Price EarningsPNFP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

PNFP's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. PNFP is more expensive than 70.10% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.64
EV/EBITDA N/A
PNFP Per share dataPNFP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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.
A more expensive valuation may be justified as PNFP's earnings are expected to grow with 24.74% in the coming years.
PEG (NY)0.65
PEG (5Y)10.03
EPS Next 2Y24.74%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a yearly dividend of 0.73%, PNFP is not a good candidate for dividend investing.
With a Dividend Yield of 0.73, PNFP pays less dividend than the industry average, which is at 3.22. 82.66% of the companies listed in the same industry pay a better dividend than PNFP!
With a Dividend Yield of 0.73, PNFP pays less dividend than the S&P500 average, which is at 2.28.
Industry RankSector Rank
Dividend Yield 0.73%

5.2 History

The dividend of PNFP is nicely growing with an annual growth rate of 13.35%!
PNFP has paid a dividend for at least 10 years, which is a reliable track record.
PNFP has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.35%
Div Incr Years0
Div Non Decr Years11
PNFP Yearly Dividends per sharePNFP 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

20.86% of the earnings are spent on dividend by PNFP. This is a low number and sustainable payout ratio.
The dividend of PNFP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.86%
EPS Next 2Y24.74%
EPS Next 3YN/A
PNFP Yearly Income VS Free CF VS DividendPNFP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
PNFP Dividend Payout.PNFP Dividend Payout, showing the Payout Ratio.PNFP Dividend Payout.PayoutRetained Earnings

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PINNACLE FINANCIAL PARTNERS

NASDAQ:PNFP (1/22/2025, 10:24:03 AM)

119.2

-1.02 (-0.85%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21 2025-01-21/amc
Earnings (Next)N/A N/A
Inst Owners87.71%
Inst Owner Change-0.02%
Ins Owners1.65%
Ins Owner Change-1.68%
Market Cap9.21B
Analysts76.67
Price Target127.5 (6.96%)
Short Float %2.08%
Short Ratio3.22
Dividend
Industry RankSector Rank
Dividend Yield 0.73%
Yearly Dividend1.09
Dividend Growth(5Y)13.35%
DP20.86%
Div Incr Years0
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-29.06%
Min EPS beat(2)-60.92%
Max EPS beat(2)2.81%
EPS beat(4)2
Avg EPS beat(4)-14.32%
Min EPS beat(4)-60.92%
Max EPS beat(4)2.81%
EPS beat(8)4
Avg EPS beat(8)-8.46%
EPS beat(12)7
Avg EPS beat(12)-4.2%
EPS beat(16)11
Avg EPS beat(16)-0.52%
Revenue beat(2)0
Avg Revenue beat(2)-9.06%
Min Revenue beat(2)-17.4%
Max Revenue beat(2)-0.71%
Revenue beat(4)0
Avg Revenue beat(4)-6.38%
Min Revenue beat(4)-17.4%
Max Revenue beat(4)-0.65%
Revenue beat(8)0
Avg Revenue beat(8)-5.96%
Revenue beat(12)2
Avg Revenue beat(12)-3.95%
Revenue beat(16)5
Avg Revenue beat(16)-2.71%
PT rev (1m)10.8%
PT rev (3m)22.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.01%
EPS NY rev (1m)0%
EPS NY rev (3m)0.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 20.07
Fwd PE 15.34
P/S 5.55
P/FCF 21.64
P/OCF 18
P/B 1.45
P/tB 2.06
EV/EBITDA N/A
EPS(TTM)5.94
EY4.98%
EPS(NY)7.77
Fwd EY6.52%
FCF(TTM)5.51
FCFY4.62%
OCF(TTM)6.62
OCFY5.55%
SpS21.46
BVpS82.13
TBVpS57.92
PEG (NY)0.65
PEG (5Y)10.03
Profitability
Industry RankSector Rank
ROA 0.8%
ROE 6.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.34%
GM N/A
FCFM 25.67%
ROA(3y)1.26%
ROA(5y)1.22%
ROE(3y)9.53%
ROE(5y)8.8%
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 3Y6.46%
PM growth 5Y-3.4%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.49
Debt/EBITDA N/A
Cap/Depr 93.39%
Cap/Sales 5.18%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 105.45%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC15.05%
ROIC/WACCN/A
Cap/Depr(3y)82.06%
Cap/Depr(5y)168.53%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.62%
Profit Quality(3y)98.7%
Profit Quality(5y)104.04%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.16%
EPS 3Y-4.22%
EPS 5Y2%
EPS Q2Q%13.1%
EPS Next Y30.78%
EPS Next 2Y24.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.93%
Revenue Next Year12.76%
Revenue Next 2Y12.72%
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-35.99%
FCF growth 3Y1.12%
FCF growth 5Y-2.19%
OCF growth 1Y-28.85%
OCF growth 3Y3.88%
OCF growth 5Y0.32%