SMARTFINANCIAL INC (SMBK) Stock Fundamental Analysis
NYSE:SMBK - New York Stock Exchange, Inc. - US83190L2088 - Common Stock - Currency: USD
Taking everything into account, SMBK scores 3 out of 10 in our fundamental rating. SMBK was compared to 405 industry peers in the Banks industry. SMBK has a bad profitability rating. Also its financial health evaluation is rather negative. SMBK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
SMBK had positive earnings in the past year.
In the past year SMBK had a positive cash flow from operations.
SMBK had positive earnings in each of the past 5 years.
SMBK had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SMBK has a Return On Assets of 0.67%. This is in the lower half of the industry: SMBK underperforms 60.90% of its industry peers.
SMBK's Return On Equity of 6.68% is on the low side compared to the rest of the industry. SMBK is outperformed by 63.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 6.68% | ||
| ROIC | N/A |
ROA(3y)0.73%
ROA(5y)0.74%
ROE(3y)7.84%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SMBK has a worse Profit Margin (19.96%) than 62.16% of its industry peers.
In the last couple of years the Profit Margin of SMBK has declined.
SMBK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 19.96% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.97%
PM growth 5Y-4.63%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SMBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SMBK has less shares outstanding
SMBK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SMBK has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of SMBK is 1.20, which is an excellent value as it means it would take SMBK, only 1.20 years of fcf income to pay off all of its debts.
SMBK has a better Debt to FCF ratio (1.20) than 74.19% of its industry peers.
SMBK has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.10, SMBK is in the better half of the industry, outperforming 73.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.2 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.31%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.00% over the past year.
Measured over the past 5 years, SMBK shows a small growth in Earnings Per Share. The EPS has been growing by 1.74% on average per year.
The Revenue has grown by 12.52% in the past year. This is quite good.
SMBK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.57% yearly.
EPS 1Y (TTM)3%
EPS 3Y-2.75%
EPS 5Y1.74%
EPS Q2Q%54.05%
Revenue 1Y (TTM)12.52%
Revenue growth 3Y7.7%
Revenue growth 5Y11.57%
Sales Q2Q%19.74%
3.2 Future
Based on estimates for the next years, SMBK will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.96% on average per year.
SMBK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.77% yearly.
EPS Next Y20.25%
EPS Next 2Y19.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.79%
Revenue Next 2Y12.77%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.89, SMBK is valued correctly.
Based on the Price/Earnings ratio, SMBK is valued a bit more expensive than 72.18% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. SMBK is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.04, which indicates a correct valuation of SMBK.
Based on the Price/Forward Earnings ratio, SMBK is valued a bit more expensive than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, SMBK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 14.04 |
4.2 Price Multiples
SMBK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.58 | ||
| 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 SMBK's earnings are expected to grow with 19.96% in the coming years.
PEG (NY)0.83
PEG (5Y)9.72
EPS Next 2Y19.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMBK has a yearly dividend return of 0.90%, which is pretty low.
Compared to an average industry Dividend Yield of 3.18, SMBK's dividend is way lower than its industry peers. On top of this 82.21% of the companies listed in the same industry pay a better dividend than SMBK!
Compared to an average S&P500 Dividend Yield of 2.27, SMBK's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
SMBK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SMBK decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
16.59% of the earnings are spent on dividend by SMBK. This is a low number and sustainable payout ratio.
DP16.59%
EPS Next 2Y19.96%
EPS Next 3YN/A
34.79
-0.74 (-2.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners57.52%
Inst Owner Change-95.26%
Ins Owners15.67%
Ins Owner Change2.72%
Market Cap588.99M
Analysts75
Price Target39.14 (12.5%)
Short Float %0.41%
Short Ratio1.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend0.32
Dividend Growth(5Y)N/A
DP16.59%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.65%
Min EPS beat(2)12.64%
Max EPS beat(2)14.66%
EPS beat(4)3
Avg EPS beat(4)8.33%
Min EPS beat(4)-11.16%
Max EPS beat(4)17.17%
EPS beat(8)5
Avg EPS beat(8)3.96%
EPS beat(12)5
Avg EPS beat(12)-0.29%
EPS beat(16)9
Avg EPS beat(16)7.91%
Revenue beat(2)1
Avg Revenue beat(2)0.55%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)2.21%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-1.89%
Max Revenue beat(4)2.21%
Revenue beat(8)2
Avg Revenue beat(8)-4.04%
Revenue beat(12)2
Avg Revenue beat(12)-3.65%
Revenue beat(16)6
Avg Revenue beat(16)-1.98%
PT rev (1m)8.74%
PT rev (3m)12.18%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)0.33%
EPS NY rev (1m)4.23%
EPS NY rev (3m)3.52%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)3.24%
Revenue NY rev (3m)3.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 14.04 | ||
| P/S | 3.6 | ||
| P/FCF | 14.58 | ||
| P/OCF | 12.34 | ||
| P/B | 1.2 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.06
EY5.92%
EPS(NY)2.48
Fwd EY7.12%
FCF(TTM)2.39
FCFY6.86%
OCF(TTM)2.82
OCFY8.1%
SpS9.67
BVpS28.88
TBVpS22.66
PEG (NY)0.83
PEG (5Y)9.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 6.68% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 19.96% | ||
| GM | N/A | ||
| FCFM | 24.67% |
ROA(3y)0.73%
ROA(5y)0.74%
ROE(3y)7.84%
ROE(5y)7.68%
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-5.97%
PM growth 5Y-4.63%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.2 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 61.67% | ||
| Cap/Sales | 4.47% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 123.58% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC18.31%
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)3%
EPS 3Y-2.75%
EPS 5Y1.74%
EPS Q2Q%54.05%
EPS Next Y20.25%
EPS Next 2Y19.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.52%
Revenue growth 3Y7.7%
Revenue growth 5Y11.57%
Sales Q2Q%19.74%
Revenue Next Year15.79%
Revenue Next 2Y12.77%
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 1Y8.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y10.42%
OCF growth 3YN/A
OCF growth 5YN/A