SOUTHERN STATES BANCSHARES (SSBK)

US8438783073 - Common Stock

29.77  -0.21 (-0.7%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SSBK. SSBK was compared to 402 industry peers in the Banks industry. While SSBK is still in line with the averages on profitability rating, there are concerns on its financial health. SSBK is valued quite cheap, while showing a decent growth score. This is a good combination!



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5

1. Profitability

1.1 Basic Checks

In the past year SSBK was profitable.
In the past year SSBK had a positive cash flow from operations.
In the past 5 years SSBK has always been profitable.
SSBK had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

SSBK's Return On Assets of 1.24% is amongst the best of the industry. SSBK outperforms 82.34% of its industry peers.
SSBK has a better Return On Equity (13.81%) than 88.31% of its industry peers.
Industry RankSector Rank
ROA 1.24%
ROE 13.81%
ROIC N/A
ROA(3y)1.22%
ROA(5y)1.02%
ROE(3y)13.41%
ROE(5y)10.65%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 34.80%, SSBK belongs to the best of the industry, outperforming 92.04% of the companies in the same industry.
In the last couple of years the Profit Margin of SSBK has grown nicely.
SSBK 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) 34.8%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y14.12%
PM growth 5Y9.05%
GM growth 3YN/A
GM growth 5YN/A

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1

2. Health

2.1 Basic Checks

SSBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
SSBK has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SSBK has been increased compared to 5 years ago.
The debt/assets ratio for SSBK is higher compared to a year ago.

2.2 Solvency

SSBK has a debt to FCF ratio of 2.54. This is a good value and a sign of high solvency as SSBK would need 2.54 years to pay back of all of its debts.
SSBK has a Debt to FCF ratio (2.54) which is comparable to the rest of the industry.
SSBK has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
SSBK has a worse Debt to Equity ratio (0.41) than 68.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 2.54
Altman-Z N/A
ROIC/WACCN/A
WACC14.91%

2.3 Liquidity

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

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6

3. Growth

3.1 Past

SSBK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.71%.
The Earnings Per Share has been growing by 31.77% on average over the past years. This is a very strong growth
The Revenue has decreased by -2.53% in the past year.
SSBK shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.86% yearly.
EPS 1Y (TTM)-7.71%
EPS 3Y36.5%
EPS 5Y31.77%
EPS Q2Q%2.04%
Revenue 1Y (TTM)-2.53%
Revenue growth 3Y21.09%
Revenue growth 5Y21.86%
Sales Q2Q%-12.73%

3.2 Future

The Earnings Per Share is expected to grow by 10.23% on average over the next years. This is quite good.
Based on estimates for the next years, SSBK will show a quite strong growth in Revenue. The Revenue will grow by 14.29% on average per year.
EPS Next Y13.1%
EPS Next 2Y10.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.16%
Revenue Next 2Y14.29%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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7

4. Valuation

4.1 Price/Earnings Ratio

SSBK is valuated reasonably with a Price/Earnings ratio of 8.58.
Based on the Price/Earnings ratio, SSBK is valued cheaply inside the industry as 87.56% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 30.52, SSBK is valued rather cheaply.
SSBK is valuated cheaply with a Price/Forward Earnings ratio of 7.21.
Based on the Price/Forward Earnings ratio, SSBK is valued cheaper than 90.30% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.99, SSBK is valued rather cheaply.
Industry RankSector Rank
PE 8.58
Fwd PE 7.21

4.2 Price Multiples

82.34% of the companies in the same industry are more expensive than SSBK, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.11
EV/EBITDA N/A

4.3 Compensation for Growth

SSBK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.65
PEG (5Y)0.27
EPS Next 2Y10.23%
EPS Next 3YN/A

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2

5. Dividend

5.1 Amount

SSBK has a Yearly Dividend Yield of 1.22%.
Compared to an average industry Dividend Yield of 3.41, SSBK's dividend is way lower than its industry peers. On top of this 81.09% of the companies listed in the same industry pay a better dividend than SSBK!
With a Dividend Yield of 1.22, SSBK pays less dividend than the S&P500 average, which is at 2.26.
Industry RankSector Rank
Dividend Yield 1.22%

5.2 History

SSBK has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2

5.3 Sustainability

10.08% of the earnings are spent on dividend by SSBK. This is a low number and sustainable payout ratio.
DP10.08%
EPS Next 2Y10.23%
EPS Next 3YN/A

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SOUTHERN STATES BANCSHARES

NASDAQ:SSBK (9/16/2024, 2:56:08 PM)

29.77

-0.21 (-0.7%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap265.55M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 8.58
Fwd PE 7.21
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.65
PEG (5Y)0.27
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 13.81%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 34.8%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-7.71%
EPS 3Y36.5%
EPS 5Y
EPS Q2Q%
EPS Next Y13.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.53%
Revenue growth 3Y21.09%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y