SANDY SPRING BANCORP INC (SASR) Stock Fundamental Analysis
NASDAQ:SASR - Nasdaq - US8003631038 - Common Stock - Currency: USD
SASR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 405 industry peers in the Banks industry. SASR may be in some trouble as it scores bad on both profitability and health. SASR has a decent growth rate and is not valued too expensively. SASR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SASR had positive earnings in the past year.
In the past year SASR had a positive cash flow from operations.
SASR had positive earnings in each of the past 5 years.
SASR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SASR (0.59%) is worse than 65.33% of its industry peers.
SASR's Return On Equity of 5.24% is on the low side compared to the rest of the industry. SASR is outperformed by 73.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 5.24% | ||
| ROIC | N/A |
ROA(3y)0.74%
ROA(5y)0.96%
ROE(3y)6.72%
ROE(5y)8.41%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SASR's Profit Margin of 21.52% is in line compared to the rest of the industry. SASR outperforms 46.48% of its industry peers.
SASR's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for SASR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 21.52% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-52.03%
PM growth 5Y-32.28%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SASR does not have a ROIC to compare to the WACC, probably because it is not profitable.
SASR has more shares outstanding than it did 1 year ago.
SASR has more shares outstanding than it did 5 years ago.
SASR has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of SASR is 6.59, which is on the high side as it means it would take SASR, 6.59 years of fcf income to pay off all of its debts.
SASR's Debt to FCF ratio of 6.59 is on the low side compared to the rest of the industry. SASR is outperformed by 68.34% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that SASR is not too dependend on debt financing.
SASR's Debt to Equity ratio of 0.27 is on the low side compared to the rest of the industry. SASR is outperformed by 61.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 6.59 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.39%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for SASR have decreased strongly by -37.54% in the last year.
SASR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.91% yearly.
SASR shows a decrease in Revenue. In the last year, the revenue decreased by -3.63%.
Measured over the past years, SASR shows a small growth in Revenue. The Revenue has been growing by 3.84% on average per year.
EPS 1Y (TTM)-37.54%
EPS 3Y-28.28%
EPS 5Y-10.91%
EPS Q2Q%-21.67%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y-8.27%
Revenue growth 5Y3.84%
Sales Q2Q%-15.35%
3.2 Future
Based on estimates for the next years, SASR will show a very strong growth in Earnings Per Share. The EPS will grow by 32.49% on average per year.
Based on estimates for the next years, SASR will show a quite strong growth in Revenue. The Revenue will grow by 17.82% on average per year.
EPS Next Y38.66%
EPS Next 2Y32.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.82%
Revenue Next 2Y17.82%
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.
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
A Price/Earnings ratio of 17.28 indicates a rather expensive valuation of SASR.
74.62% of the companies in the same industry are cheaper than SASR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.63. SASR is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 12.46, which indicates a correct valuation of SASR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SASR is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.68. SASR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.28 | ||
| Fwd PE | 12.46 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SASR is valued a bit more expensive than the industry average as 69.85% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.29 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SASR's 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 SASR's earnings are expected to grow with 32.49% in the coming years.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y32.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SASR has a Yearly Dividend Yield of 4.12%, which is a nice return.
Compared to an average industry Dividend Yield of 3.18, SASR pays a better dividend. On top of this SASR pays more dividend than 80.15% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, SASR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
5.2 History
The dividend of SASR has a limited annual growth rate of 0.76%.
SASR has been paying a dividend for at least 10 years, so it has a reliable track record.
SASR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.76%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
SASR pays out 72.06% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SASR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP72.06%
EPS Next 2Y32.49%
EPS Next 3YN/A
31.62
-1.37 (-4.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.02%
Inst Owner Change-0.51%
Ins Owners3.7%
Ins Owner Change20.08%
Market Cap1.43B
Analysts47.5
Price Target37.74 (19.35%)
Short Float %1.97%
Short Ratio3.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
Yearly Dividend1.36
Dividend Growth(5Y)0.76%
DP72.06%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.76%
Min EPS beat(2)-22.85%
Max EPS beat(2)15.34%
EPS beat(4)3
Avg EPS beat(4)3.26%
Min EPS beat(4)-22.85%
Max EPS beat(4)15.34%
EPS beat(8)5
Avg EPS beat(8)7.12%
EPS beat(12)5
Avg EPS beat(12)1.46%
EPS beat(16)8
Avg EPS beat(16)6.18%
Revenue beat(2)0
Avg Revenue beat(2)-6.83%
Min Revenue beat(2)-9.81%
Max Revenue beat(2)-3.85%
Revenue beat(4)1
Avg Revenue beat(4)0.42%
Min Revenue beat(4)-9.81%
Max Revenue beat(4)19.36%
Revenue beat(8)3
Avg Revenue beat(8)0.38%
Revenue beat(12)7
Avg Revenue beat(12)5.5%
Revenue beat(16)11
Avg Revenue beat(16)7.94%
PT rev (1m)0.91%
PT rev (3m)16.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-2.52%
EPS NY rev (3m)-2.52%
Revenue NQ rev (1m)-2.1%
Revenue NQ rev (3m)-2.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.28 | ||
| Fwd PE | 12.46 | ||
| P/S | 3.6 | ||
| P/FCF | 21.29 | ||
| P/OCF | 17.01 | ||
| P/B | 0.88 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.83
EY5.79%
EPS(NY)2.54
Fwd EY8.02%
FCF(TTM)1.49
FCFY4.7%
OCF(TTM)1.86
OCFY5.88%
SpS8.79
BVpS36.08
TBVpS27.36
PEG (NY)0.45
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 5.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.52% | ||
| GM | N/A | ||
| FCFM | 16.89% |
ROA(3y)0.74%
ROA(5y)0.96%
ROE(3y)6.72%
ROE(5y)8.41%
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-52.03%
PM growth 5Y-32.28%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 6.59 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 67.8% | ||
| Cap/Sales | 4.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 78.48% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC12.39%
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)-37.54%
EPS 3Y-28.28%
EPS 5Y-10.91%
EPS Q2Q%-21.67%
EPS Next Y38.66%
EPS Next 2Y32.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y-8.27%
Revenue growth 5Y3.84%
Sales Q2Q%-15.35%
Revenue Next Year17.82%
Revenue Next 2Y17.82%
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-51.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-45.15%
OCF growth 3YN/A
OCF growth 5YN/A