SALISBURY BANCORP INC (SAL) Fundamental Analysis & Valuation

NASDAQ:SAL • US7952261094

Current stock price

27.88 USD
+0.43 (+1.57%)
Last:

This SAL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. SAL Profitability Analysis

1.1 Basic Checks

  • In the past year SAL was profitable.
  • SAL had a positive operating cash flow in the past year.
SAL Yearly Net Income VS EBIT VS OCF VS FCFSAL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M 25M

1.2 Ratios

  • SAL's Return On Assets of 0.94% is on the low side compared to the rest of the industry. SAL is outperformed by 62.83% of its industry peers.
  • SAL has a Return On Equity (11.00%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.94%
ROE 11%
ROIC N/A
ROA(3y)0.99%
ROA(5y)0.95%
ROE(3y)11.16%
ROE(5y)10.31%
ROIC(3y)N/A
ROIC(5y)N/A
SAL Yearly ROA, ROE, ROICSAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2 4 6 8 10

1.3 Margins

  • SAL has a Profit Margin (26.49%) which is in line with its industry peers.
  • SAL's Profit Margin has improved in the last couple of years.
  • SAL 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) 26.49%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.77%
PM growth 5Y11.87%
GM growth 3YN/A
GM growth 5YN/A
SAL Yearly Profit, Operating, Gross MarginsSAL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 10 20 30

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3

2. SAL Health Analysis

2.1 Basic Checks

  • SAL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • SAL has more shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, SAL has an improved debt to assets ratio.
SAL Yearly Shares OutstandingSAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 1M 2M 3M 4M 5M
SAL Yearly Total Debt VS Total AssetsSAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

  • The Debt to FCF ratio of SAL is 1.28, which is an excellent value as it means it would take SAL, only 1.28 years of fcf income to pay off all of its debts.
  • SAL has a better Debt to FCF ratio (1.28) than 63.55% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that SAL is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.22, SAL is doing worse than 65.47% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for SAL, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.28
Altman-Z N/A
ROIC/WACCN/A
WACC8.75%
SAL Yearly LT Debt VS Equity VS FCFSAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SAL Yearly Current Assets VS Current LiabilitesSAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. SAL Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 2.32% over the past year.
  • Measured over the past 5 years, SAL shows a small growth in Earnings Per Share. The EPS has been growing by 4.19% on average per year.
  • The Revenue has been growing slightly by 2.40% in the past year.
  • SAL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.50% yearly.
EPS 1Y (TTM)2.32%
EPS 3Y-7.09%
EPS 5Y4.19%
EPS Q2Q%-10.61%
Revenue 1Y (TTM)2.4%
Revenue growth 3Y9.38%
Revenue growth 5Y7.5%
Sales Q2Q%-13.37%

3.2 Future

  • Based on estimates for the next years, SAL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.05% on average per year.
  • Based on estimates for the next years, SAL will show a decrease in Revenue. The Revenue will decrease by -3.61% on average per year.
EPS Next Y13%
EPS Next 2Y12.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.18%
Revenue Next 2Y-3.61%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SAL Yearly Revenue VS EstimatesSAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
SAL Yearly EPS VS EstimatesSAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

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5

4. SAL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.52, the valuation of SAL can be described as very reasonable.
  • Based on the Price/Earnings ratio, SAL is valued a bit more expensive than the industry average as 73.62% of the companies are valued more cheaply.
  • SAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.61.
  • The Price/Forward Earnings ratio is 8.12, which indicates a very decent valuation of SAL.
  • Based on the Price/Forward Earnings ratio, SAL is valued a bit cheaper than 72.90% of the companies in the same industry.
  • SAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 10.52
Fwd PE 8.12
SAL Price Earnings VS Forward Price EarningsSAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAL indicates a somewhat cheap valuation: SAL is cheaper than 70.74% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.72
EV/EBITDA N/A
SAL Per share dataSAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • SAL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SAL's earnings are expected to grow with 12.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.81
PEG (5Y)2.51
EPS Next 2Y12.05%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SAL Dividend Analysis

5.1 Amount

  • SAL has a Yearly Dividend Yield of 2.30%.
  • Compared to an average industry Dividend Yield of 2.78, SAL is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.89, SAL pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.3%

5.2 History

  • The dividend of SAL decreases each year by -5.24%.
  • SAL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SAL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-5.24%
Div Incr Years3
Div Non Decr Years13
SAL Yearly Dividends per shareSAL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 0.2 0.4 0.6

5.3 Sustainability

  • SAL pays out 25.32% of its income as dividend. This is a sustainable payout ratio.
DP25.32%
EPS Next 2Y12.05%
EPS Next 3YN/A
SAL Yearly Income VS Free CF VS DividendSAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M 25M
SAL Dividend Payout.SAL Dividend Payout, showing the Payout Ratio.SAL Dividend Payout.PayoutRetained Earnings

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SAL Fundamentals: All Metrics, Ratios and Statistics

SALISBURY BANCORP INC

NASDAQ:SAL (8/11/2023, 8:22:23 PM)

27.88

+0.43 (+1.57%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-26
Earnings (Next)10-17
Inst Owners0.18%
Inst Owner Change-99.31%
Ins Owners4.58%
Ins Owner Change0%
Market Cap161.87M
Revenue(TTM)55.27M
Net Income(TTM)14.64M
Analysts45
Price Target31.62 (13.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.3%
Yearly Dividend0.85
Dividend Growth(5Y)-5.24%
DP25.32%
Div Incr Years3
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-19.83%
Min EPS beat(2)-20.79%
Max EPS beat(2)-18.87%
EPS beat(4)0
Avg EPS beat(4)-13.56%
Min EPS beat(4)-20.79%
Max EPS beat(4)-3.56%
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)5.48%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)12.16%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.52
Fwd PE 8.12
P/S 2.93
P/FCF 5.72
P/OCF 5.66
P/B 1.22
P/tB 1.36
EV/EBITDA N/A
EPS(TTM)2.65
EY9.51%
EPS(NY)3.43
Fwd EY12.32%
FCF(TTM)4.88
FCFY17.49%
OCF(TTM)4.93
OCFY17.68%
SpS9.52
BVpS22.92
TBVpS20.51
PEG (NY)0.81
PEG (5Y)2.51
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.94%
ROE 11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.49%
GM N/A
FCFM N/A
ROA(3y)0.99%
ROA(5y)0.95%
ROE(3y)11.16%
ROE(5y)10.31%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y2.77%
PM growth 5Y11.87%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.28
Debt/EBITDA N/A
Cap/Depr 17.19%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 193.38%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC8.75%
ROIC/WACCN/A
Cap/Depr(3y)142.19%
Cap/Depr(5y)119.24%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)115.85%
Profit Quality(5y)119.16%
High Growth Momentum
Growth
EPS 1Y (TTM)2.32%
EPS 3Y-7.09%
EPS 5Y4.19%
EPS Q2Q%-10.61%
EPS Next Y13%
EPS Next 2Y12.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.4%
Revenue growth 3Y9.38%
Revenue growth 5Y7.5%
Sales Q2Q%-13.37%
Revenue Next Year-11.18%
Revenue Next 2Y-3.61%
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 1Y90.14%
FCF growth 3Y29.42%
FCF growth 5Y26.35%
OCF growth 1Y44.8%
OCF growth 3Y24.19%
OCF growth 5Y21.87%

SALISBURY BANCORP INC / SAL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SALISBURY BANCORP INC (SAL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to SAL.


What is the valuation status of SALISBURY BANCORP INC (SAL) stock?

ChartMill assigns a valuation rating of 5 / 10 to SALISBURY BANCORP INC (SAL). This can be considered as Fairly Valued.


What is the profitability of SAL stock?

SALISBURY BANCORP INC (SAL) has a profitability rating of 3 / 10.


What is the financial health of SALISBURY BANCORP INC (SAL) stock?

The financial health rating of SALISBURY BANCORP INC (SAL) is 3 / 10.


Can you provide the dividend sustainability for SAL stock?

The dividend rating of SALISBURY BANCORP INC (SAL) is 5 / 10 and the dividend payout ratio is 25.32%.