SOUTHSTATE CORP(NYSE:SSB) stock Fundamental Analysis

Fundamental Rating

SSB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 405 industry peers in the Banks industry. While SSB is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, SSB is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

SSB had positive earnings in the past year.

In the past year SSB has reported a negative cash flow from operations.

SSB had positive earnings in each of the past 5 years.

SSB had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

SSB has a better Return On Assets (1.08%) than 73.68% of its industry peers.

SSB has a Return On Equity (8.42%) which is in line with its industry peers.

		Industry Rank	Sector Rank
ROA	1.08%
ROE	8.42%
ROIC	N/A

ROA(3y)1.13%

ROA(5y)0.97%

ROE(3y)9.26%

ROE(5y)8.06%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 29.48%, SSB belongs to the top of the industry, outperforming 82.46% of the companies in the same industry.

SSB's Profit Margin has improved in the last couple of years.

The Operating Margin and Gross Margin are not available for SSB so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	29.48%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-3.15%

PM growth 5Y1.58%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

SSB does not have a ROIC to compare to the WACC, probably because it is not profitable.

SSB has more shares outstanding than it did 1 year ago.

SSB has more shares outstanding than it did 5 years ago.

Compared to 1 year ago, SSB has an improved debt to assets ratio.

2.2 Solvency

A Debt/Equity ratio of 0.16 indicates that SSB is not too dependend on debt financing.

With a decent Debt to Equity ratio value of 0.16, SSB is doing good in the industry, outperforming 60.15% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.16
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACCN/A

WACC11.4%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.11% over the past year.

SSB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.04% yearly.

The Revenue has decreased by -1.25% in the past year.

The Revenue has been growing by 21.53% on average over the past years. This is a very strong growth!

EPS 1Y (TTM)5.11%

EPS 3Y-1.66%

EPS 5Y5.04%

EPS Q2Q%15.57%

Revenue 1Y (TTM)-1.25%

Revenue growth 3Y7.38%

Revenue growth 5Y21.53%

Sales Q2Q%7.29%

3.2 Future

The Earnings Per Share is expected to grow by 13.11% on average over the next years. This is quite good.

The Revenue is expected to grow by 19.59% on average over the next years. This is quite good.

EPS Next Y8.38%

EPS Next 2Y14.62%

EPS Next 3Y13.11%

EPS Next 5YN/A

Revenue Next Year50.41%

Revenue Next 2Y27.59%

Revenue Next 3Y19.59%

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 stable.

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4. Valuation

4.1 Price/Earnings Ratio

SSB is valuated correctly with a Price/Earnings ratio of 13.79.

The rest of the industry has a similar Price/Earnings ratio as SSB.

When comparing the Price/Earnings ratio of SSB to the average of the S&P500 Index (29.62), we can say SSB is valued rather cheaply.

SSB is valuated correctly with a Price/Forward Earnings ratio of 12.73.

The rest of the industry has a similar Price/Forward Earnings ratio as SSB.

When comparing the Price/Forward Earnings ratio of SSB to the average of the S&P500 Index (22.70), we can say SSB is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	13.79
Fwd PE	12.73

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

SSB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.

A more expensive valuation may be justified as SSB's earnings are expected to grow with 13.11% in the coming years.

PEG (NY)1.65

PEG (5Y)2.74

EPS Next 2Y14.62%

EPS Next 3Y13.11%

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5. Dividend

5.1 Amount

SSB has a Yearly Dividend Yield of 2.13%.

Compared to an average industry Dividend Yield of 3.19, SSB is paying slightly less dividend.

SSB's Dividend Yield is comparable with the S&P500 average which is at 2.27.

		Industry Rank	Sector Rank
Dividend Yield	2.13%

5.2 History

On average, the dividend of SSB grows each year by 8.19%, which is quite nice.

SSB has paid a dividend for at least 10 years, which is a reliable track record.

SSB has not decreased their dividend for at least 10 years, which is a reliable track record.

Dividend Growth(5Y)8.19%

Div Incr Years13

Div Non Decr Years27

5.3 Sustainability

SSB pays out 32.44% of its income as dividend. This is a sustainable payout ratio.

The dividend of SSB is growing, but earnings are growing more, so the dividend growth is sustainable.

DP32.44%

EPS Next 2Y14.62%

EPS Next 3Y13.11%

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SOUTHSTATE CORP

NYSE:SSB (2/21/2025, 8:04:01 PM)

After market: 99.32 0 (0%)

99.32

-2.04 (-2.01%)

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 Owners69.69%

Inst Owner Change-89.42%

Ins Owners0.58%

Ins Owner Change1.38%

Market Cap10.05B

Analysts80

Price Target126.82 (27.69%)

Short Float %3.54%

Short Ratio4.49

Dividend

		Industry Rank	Sector Rank
Dividend Yield	2.13%

Yearly Dividend2.05

Dividend Growth(5Y)8.19%

DP32.44%

Div Incr Years13

Div Non Decr Years27

Ex-Date02-07 2025-02-07 (0.54)

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)14.81%

Min EPS beat(2)14.57%

Max EPS beat(2)15.05%

EPS beat(4)4

Avg EPS beat(4)9.53%

Min EPS beat(4)1.17%

Max EPS beat(4)15.05%

EPS beat(8)4

Avg EPS beat(8)2.01%

EPS beat(12)8

Avg EPS beat(12)4.36%

EPS beat(16)11

Avg EPS beat(16)8.86%

Revenue beat(2)1

Avg Revenue beat(2)-0.45%

Min Revenue beat(2)-1.66%

Max Revenue beat(2)0.76%

Revenue beat(4)1

Avg Revenue beat(4)-0.53%

Min Revenue beat(4)-1.66%

Max Revenue beat(4)0.76%

Revenue beat(8)4

Avg Revenue beat(8)-0.04%

Revenue beat(12)7

Avg Revenue beat(12)0.19%

Revenue beat(16)7

Avg Revenue beat(16)-0.68%

PT rev (1m)4.09%

PT rev (3m)14.33%

EPS NQ rev (1m)-1.71%

EPS NQ rev (3m)-1.71%

EPS NY rev (1m)0.68%

EPS NY rev (3m)1.16%

Revenue NQ rev (1m)-0.44%

Revenue NQ rev (3m)-0.44%

Revenue NY rev (1m)4.4%

Revenue NY rev (3m)6.02%

Valuation

		Industry Rank	Sector Rank
PE	13.79
Fwd PE	12.73
P/S	5.96
P/FCF	N/A
P/OCF	N/A
P/B	1.7
P/tB	2.63
EV/EBITDA	N/A

EPS(TTM)7.2

EY7.25%

EPS(NY)7.8

Fwd EY7.86%

FCF(TTM)-1.5

FCFYN/A

OCF(TTM)-1.15

OCFYN/A

SpS16.67

BVpS58.33

TBVpS37.8

PEG (NY)1.65

PEG (5Y)2.74

Profitability

		Industry Rank	Sector Rank
ROA	1.08%
ROE	8.42%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	29.48%
GM	N/A
FCFM	N/A

ROA(3y)1.13%

ROA(5y)0.97%

ROE(3y)9.26%

ROE(5y)8.06%

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-3.15%

PM growth 5Y1.58%

GM growth 3YN/A

GM growth 5YN/A

F-Score4

Asset Turnover0.04

Health

		Industry Rank	Sector Rank
Debt/Equity	0.16
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	62.31%
Cap/Sales	2.07%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score4

WACC11.4%

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)5.11%

EPS 3Y-1.66%

EPS 5Y5.04%

EPS Q2Q%15.57%

EPS Next Y8.38%

EPS Next 2Y14.62%

EPS Next 3Y13.11%

EPS Next 5YN/A

Revenue 1Y (TTM)-1.25%

Revenue growth 3Y7.38%

Revenue growth 5Y21.53%

Sales Q2Q%7.29%

Revenue Next Year50.41%

Revenue Next 2Y27.59%

Revenue Next 3Y19.59%

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-116.03%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-111.96%

OCF growth 3YN/A

OCF growth 5YN/A

SOUTHSTATE CORP (SSB) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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