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1ST SOURCE CORP (SRCE) Stock Fundamental Analysis

NASDAQ:SRCE - Nasdaq - US3369011032 - Common Stock - Currency: USD

63.83  -1.19 (-1.83%)

After market: 63.83 0 (0%)

Fundamental Rating

4

Overall SRCE gets a fundamental rating of 4 out of 10. We evaluated SRCE against 405 industry peers in the Banks industry. SRCE has a medium profitability rating, but doesn't score so well on its financial health evaluation. SRCE has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SRCE had positive earnings in the past year.
SRCE had a positive operating cash flow in the past year.
Of the past 5 years SRCE 4 years were profitable.
SRCE had a positive operating cash flow in 4 of the past 5 years.
SRCE Yearly Net Income VS EBIT VS OCF VS FCFSRCE 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 50M 100M 150M

1.2 Ratios

SRCE has a better Return On Assets (1.46%) than 88.97% of its industry peers.
SRCE's Return On Equity of 11.63% is amongst the best of the industry. SRCE outperforms 82.96% of its industry peers.
Industry RankSector Rank
ROA 1.46%
ROE 11.63%
ROIC N/A
ROA(3y)1.43%
ROA(5y)1.36%
ROE(3y)13.06%
ROE(5y)11.87%
ROIC(3y)N/A
ROIC(5y)N/A
SRCE Yearly ROA, ROE, ROICSRCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

SRCE has a Profit Margin of 33.72%. This is amongst the best in the industry. SRCE outperforms 89.22% of its industry peers.
In the last couple of years the Profit Margin of SRCE has grown nicely.
SRCE 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) 33.72%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y10.94%
PM growth 5Y4.94%
GM growth 3YN/A
GM growth 5YN/A
SRCE Yearly Profit, Operating, Gross MarginsSRCE 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

SRCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for SRCE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SRCE Yearly Shares OutstandingSRCE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
SRCE Yearly Total Debt VS Total AssetsSRCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

The Debt to FCF ratio of SRCE is 1.35, which is an excellent value as it means it would take SRCE, only 1.35 years of fcf income to pay off all of its debts.
SRCE's Debt to FCF ratio of 1.35 is fine compared to the rest of the industry. SRCE outperforms 70.93% of its industry peers.
SRCE has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SRCE (0.24) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 1.35
Altman-Z N/A
ROIC/WACCN/A
WACC8.06%
SRCE Yearly LT Debt VS Equity VS FCFSRCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.3 Liquidity

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

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2

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.77% over the past year.
The Earnings Per Share has been growing by 8.41% on average over the past years. This is quite good.
EPS 1Y (TTM)6.77%
EPS 3Y4.55%
EPS 5Y8.41%
EPS Q2Q%10.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.05%

3.2 Future

The Earnings Per Share is expected to grow by 5.03% on average over the next years.
SRCE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.40% yearly.
EPS Next Y7.49%
EPS Next 2Y5.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.94%
Revenue Next 2Y4.4%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
SRCE Yearly Revenue VS EstimatesSRCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
SRCE Yearly EPS VS EstimatesSRCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.91, which indicates a very decent valuation of SRCE.
Based on the Price/Earnings ratio, SRCE is valued a bit cheaper than the industry average as 61.15% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.63. SRCE is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 11.08 indicates a reasonable valuation of SRCE.
SRCE's Price/Forward Earnings ratio is in line with the industry average.
SRCE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE 11.91
Fwd PE 11.08
SRCE Price Earnings VS Forward Price EarningsSRCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SRCE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SRCE is cheaper than 83.21% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.02
EV/EBITDA N/A
SRCE Per share dataSRCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.59
PEG (5Y)1.42
EPS Next 2Y5.03%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

SRCE has a Yearly Dividend Yield of 2.21%.
Compared to an average industry Dividend Yield of 3.18, SRCE is paying slightly less dividend.
SRCE's Dividend Yield is comparable with the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 2.21%

5.2 History

On average, the dividend of SRCE grows each year by 6.25%, which is quite nice.
SRCE has paid a dividend for at least 10 years, which is a reliable track record.
SRCE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.25%
Div Incr Years26
Div Non Decr Years26
SRCE Yearly Dividends per shareSRCE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

SRCE pays out 27.16% of its income as dividend. This is a sustainable payout ratio.
The dividend of SRCE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.16%
EPS Next 2Y5.03%
EPS Next 3YN/A
SRCE Yearly Income VS Free CF VS DividendSRCE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
SRCE Dividend Payout.SRCE Dividend Payout, showing the Payout Ratio.SRCE Dividend Payout.PayoutRetained Earnings

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1ST SOURCE CORP

NASDAQ:SRCE (2/21/2025, 8:00:00 PM)

After market: 63.83 0 (0%)

63.83

-1.19 (-1.83%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23 2025-01-23/amc
Earnings (Next)04-23 2025-04-23/amc
Inst Owners73.16%
Inst Owner Change-64.82%
Ins Owners15.6%
Ins Owner Change0.13%
Market Cap1.57B
Analysts77.78
Price Target70.89 (11.06%)
Short Float %0.86%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 2.21%
Yearly Dividend1.35
Dividend Growth(5Y)6.25%
DP27.16%
Div Incr Years26
Div Non Decr Years26
Ex-Date02-04 2025-02-04 (0.36)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.61%
Min EPS beat(2)3.42%
Max EPS beat(2)19.8%
EPS beat(4)3
Avg EPS beat(4)5.88%
Min EPS beat(4)-2.33%
Max EPS beat(4)19.8%
EPS beat(8)5
Avg EPS beat(8)6.26%
EPS beat(12)8
Avg EPS beat(12)6.29%
EPS beat(16)12
Avg EPS beat(16)10.72%
Revenue beat(2)1
Avg Revenue beat(2)-0.5%
Min Revenue beat(2)-1.55%
Max Revenue beat(2)0.55%
Revenue beat(4)1
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)0.55%
Revenue beat(8)2
Avg Revenue beat(8)-0.87%
Revenue beat(12)3
Avg Revenue beat(12)-0.97%
Revenue beat(16)5
Avg Revenue beat(16)-0.39%
PT rev (1m)3.73%
PT rev (3m)9.16%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)0.1%
EPS NY rev (1m)0.04%
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 11.91
Fwd PE 11.08
P/S 4.11
P/FCF 8.02
P/OCF 7.66
P/B 1.42
P/tB 1.53
EV/EBITDA N/A
EPS(TTM)5.36
EY8.4%
EPS(NY)5.76
Fwd EY9.03%
FCF(TTM)7.96
FCFY12.47%
OCF(TTM)8.34
OCFY13.06%
SpS15.53
BVpS45.03
TBVpS41.61
PEG (NY)1.59
PEG (5Y)1.42
Profitability
Industry RankSector Rank
ROA 1.46%
ROE 11.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 33.72%
GM N/A
FCFM 51.29%
ROA(3y)1.43%
ROA(5y)1.36%
ROE(3y)13.06%
ROE(5y)11.87%
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 3Y10.94%
PM growth 5Y4.94%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 1.35
Debt/EBITDA N/A
Cap/Depr 94.57%
Cap/Sales 2.42%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 152.08%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC8.06%
ROIC/WACCN/A
Cap/Depr(3y)25.74%
Cap/Depr(5y)24.02%
Cap/Sales(3y)1.05%
Cap/Sales(5y)1.45%
Profit Quality(3y)143.76%
Profit Quality(5y)157.45%
High Growth Momentum
Growth
EPS 1Y (TTM)6.77%
EPS 3Y4.55%
EPS 5Y8.41%
EPS Q2Q%10.43%
EPS Next Y7.49%
EPS Next 2Y5.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.05%
Revenue Next Year5.94%
Revenue Next 2Y4.4%
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 1Y2.43%
FCF growth 3Y6.27%
FCF growth 5Y6.07%
OCF growth 1Y5.71%
OCF growth 3Y6.75%
OCF growth 5Y3.31%