SHORE BANCSHARES INC (SHBI) Stock Fundamental Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Taking everything into account, SHBI scores 4 out of 10 in our fundamental rating. SHBI was compared to 405 industry peers in the Banks industry. SHBI has a bad profitability rating. Also its financial health evaluation is rather negative. SHBI is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SHBI was profitable.
SHBI had a positive operating cash flow in the past year.
SHBI had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: SHBI reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of SHBI (0.69%) is comparable to the rest of the industry.
SHBI has a Return On Equity (7.71%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 7.71% | ||
| ROIC | N/A |
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)6.29%
ROE(5y)6.26%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SHBI has a Profit Margin (20.77%) which is comparable to the rest of the industry.
SHBI's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for SHBI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 20.77% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.12%
PM growth 5Y-4.19%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SHBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SHBI has been increased compared to 1 year ago.
Compared to 5 years ago, SHBI has more shares outstanding
SHBI has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of SHBI is 1.66, which is an excellent value as it means it would take SHBI, only 1.66 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SHBI (1.66) is better than 65.16% of its industry peers.
SHBI has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.14, SHBI is doing good in the industry, outperforming 65.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC17.5%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SHBI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 104.62%, which is quite impressive.
SHBI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.77% yearly.
SHBI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.74%.
The Revenue has been growing by 27.40% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)104.62%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%25%
Revenue 1Y (TTM)19.74%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%5.99%
3.2 Future
SHBI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.27% yearly.
Based on estimates for the next years, SHBI will show a quite strong growth in Revenue. The Revenue will grow by 14.37% on average per year.
EPS Next Y21.94%
EPS Next 2Y17.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year19.98%
Revenue Next 2Y14.37%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
SHBI is valuated reasonably with a Price/Earnings ratio of 11.50.
67.17% of the companies in the same industry are more expensive than SHBI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.62. SHBI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.43, the valuation of SHBI can be described as reasonable.
78.20% of the companies in the same industry are more expensive than SHBI, based on the Price/Forward Earnings ratio.
SHBI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | 9.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHBI indicates a somewhat cheap valuation: SHBI is cheaper than 60.65% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.52 | ||
| 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.
A more expensive valuation may be justified as SHBI's earnings are expected to grow with 17.27% in the coming years.
PEG (NY)0.52
PEG (5Y)14.95
EPS Next 2Y17.27%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.02%, SHBI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.19, SHBI has a dividend in line with its industry peers.
SHBI's Dividend Yield is a higher than the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.02% |
5.2 History
The dividend of SHBI is nicely growing with an annual growth rate of 8.40%!
SHBI has paid a dividend for at least 10 years, which is a reliable track record.
SHBI has decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.4%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
SHBI pays out 38.92% of its income as dividend. This is a sustainable payout ratio.
The dividend of SHBI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP38.92%
EPS Next 2Y17.27%
EPS Next 3YN/A
15.3
-0.62 (-3.89%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners59.92%
Inst Owner Change-92.73%
Ins Owners8.75%
Ins Owner Change0.63%
Market Cap509.95M
Analysts80
Price Target19.55 (27.78%)
Short Float %0.52%
Short Ratio1.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.02% |
Yearly Dividend0.48
Dividend Growth(5Y)8.4%
DP38.92%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.55%
Min EPS beat(2)-6.1%
Max EPS beat(2)1.01%
EPS beat(4)1
Avg EPS beat(4)-9.7%
Min EPS beat(4)-24.2%
Max EPS beat(4)1.01%
EPS beat(8)1
Avg EPS beat(8)-33.4%
EPS beat(12)3
Avg EPS beat(12)-19.83%
EPS beat(16)7
Avg EPS beat(16)-11.65%
Revenue beat(2)0
Avg Revenue beat(2)-0.83%
Min Revenue beat(2)-1.09%
Max Revenue beat(2)-0.57%
Revenue beat(4)0
Avg Revenue beat(4)-3.51%
Min Revenue beat(4)-7.95%
Max Revenue beat(4)-0.57%
Revenue beat(8)2
Avg Revenue beat(8)-1.73%
Revenue beat(12)6
Avg Revenue beat(12)6.89%
Revenue beat(16)10
Avg Revenue beat(16)9.99%
PT rev (1m)0.88%
PT rev (3m)21.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)3.92%
EPS NY rev (3m)5.3%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)11.82%
Revenue NY rev (3m)12.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | 9.43 | ||
| P/S | 2.58 | ||
| P/FCF | 11.52 | ||
| P/OCF | 10.09 | ||
| P/B | 0.96 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.33
EY8.69%
EPS(NY)1.62
Fwd EY10.6%
FCF(TTM)1.33
FCFY8.68%
OCF(TTM)1.52
OCFY9.91%
SpS5.94
BVpS16
TBVpS12.72
PEG (NY)0.52
PEG (5Y)14.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 7.71% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 20.77% | ||
| GM | N/A | ||
| FCFM | 22.37% |
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)6.29%
ROE(5y)6.26%
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 3Y3.12%
PM growth 5Y-4.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 38.86% | ||
| Cap/Sales | 3.17% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 107.72% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC17.5%
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)104.62%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%25%
EPS Next Y21.94%
EPS Next 2Y17.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.74%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%5.99%
Revenue Next Year19.98%
Revenue Next 2Y14.37%
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 1Y403.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y569.41%
OCF growth 3YN/A
OCF growth 5YN/A