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SOUTHERN STATES BANCSHARES (SSBK) Stock Fundamental Analysis

NASDAQ:SSBK - Nasdaq - US8438783073 - Common Stock - Currency: USD

33.03  +0.25 (+0.76%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SSBK. SSBK was compared to 398 industry peers in the Banks industry. There are concerns on the financial health of SSBK while its profitability can be described as average. SSBK is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SSBK had positive earnings in the past year.
In the past year SSBK had a positive cash flow from operations.
Each year in the past 5 years SSBK has been profitable.
Of the past 5 years SSBK 4 years had a positive operating cash flow.
SSBK Yearly Net Income VS EBIT VS OCF VS FCFSSBK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

1.2 Ratios

SSBK's Return On Assets of 1.15% is fine compared to the rest of the industry. SSBK outperforms 75.13% of its industry peers.
Looking at the Return On Equity, with a value of 12.00%, SSBK belongs to the top of the industry, outperforming 82.41% of the companies in the same industry.
Industry RankSector Rank
ROA 1.15%
ROE 12%
ROIC N/A
ROA(3y)1.28%
ROA(5y)1.16%
ROE(3y)14.07%
ROE(5y)12.26%
ROIC(3y)N/A
ROIC(5y)N/A
SSBK Yearly ROA, ROE, ROICSSBK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

SSBK has a Profit Margin of 34.43%. This is amongst the best in the industry. SSBK outperforms 91.46% of its industry peers.
SSBK's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for SSBK so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 34.43%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.48%
PM growth 5Y21.16%
GM growth 3YN/A
GM growth 5YN/A
SSBK Yearly Profit, Operating, Gross MarginsSSBK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 10 20 30

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2

2. Health

2.1 Basic Checks

SSBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SSBK has been increased compared to 1 year ago.
The number of shares outstanding for SSBK has been increased compared to 5 years ago.
SSBK has a better debt/assets ratio than last year.
SSBK Yearly Shares OutstandingSSBK Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
SSBK Yearly Total Debt VS Total AssetsSSBK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

SSBK has a debt to FCF ratio of 2.82. This is a good value and a sign of high solvency as SSBK would need 2.82 years to pay back of all of its debts.
The Debt to FCF ratio of SSBK (2.82) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.37 indicates that SSBK is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.37, SSBK is not doing good in the industry: 72.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.82
Altman-Z N/A
ROIC/WACCN/A
WACC14.57%
SSBK Yearly LT Debt VS Equity VS FCFSSBK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SSBK Yearly Current Assets VS Current LiabilitesSSBK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 12.65% over the past year.
Measured over the past years, SSBK shows a very strong growth in Earnings Per Share. The EPS has been growing by 41.80% on average per year.
SSBK shows a small growth in Revenue. In the last year, the Revenue has grown by 5.33%.
The Revenue has been growing by 18.98% on average over the past years. This is quite good.
EPS 1Y (TTM)12.65%
EPS 3Y17.53%
EPS 5Y41.8%
EPS Q2Q%23.81%
Revenue 1Y (TTM)5.33%
Revenue growth 3Y15.86%
Revenue growth 5Y18.98%
Sales Q2Q%36.57%

3.2 Future

Based on estimates for the next years, SSBK will show a small growth in Earnings Per Share. The EPS will grow by 6.01% on average per year.
The Revenue is expected to grow by 10.05% on average over the next years. This is quite good.
EPS Next Y5.86%
EPS Next 2Y6.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.41%
Revenue Next 2Y10.05%
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 decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SSBK Yearly Revenue VS EstimatesSSBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
SSBK Yearly EPS VS EstimatesSSBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.62 indicates a reasonable valuation of SSBK.
Based on the Price/Earnings ratio, SSBK is valued cheaper than 87.19% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.64. SSBK is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 8.15, the valuation of SSBK can be described as very reasonable.
79.40% of the companies in the same industry are more expensive than SSBK, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SSBK to the average of the S&P500 Index (21.44), we can say SSBK is valued rather cheaply.
Industry RankSector Rank
PE 8.62
Fwd PE 8.15
SSBK Price Earnings VS Forward Price EarningsSSBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SSBK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SSBK is cheaper than 66.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.33
EV/EBITDA N/A
SSBK Per share dataSSBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

SSBK's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.47
PEG (5Y)0.21
EPS Next 2Y6.01%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

SSBK has a Yearly Dividend Yield of 1.14%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.14, SSBK pays less dividend than the industry average, which is at 3.68. 81.16% of the companies listed in the same industry pay a better dividend than SSBK!
Compared to an average S&P500 Dividend Yield of 2.52, SSBK's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.14%

5.2 History

SSBK has been paying a dividend for over 5 years, so it has already some track record.
SSBK has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
SSBK Yearly Dividends per shareSSBK Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

9.86% of the earnings are spent on dividend by SSBK. This is a low number and sustainable payout ratio.
DP9.86%
EPS Next 2Y6.01%
EPS Next 3YN/A
SSBK Yearly Income VS Free CF VS DividendSSBK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
SSBK Dividend Payout.SSBK Dividend Payout, showing the Payout Ratio.SSBK Dividend Payout.PayoutRetained Earnings

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SOUTHERN STATES BANCSHARES

NASDAQ:SSBK (4/24/2025, 2:35:01 PM)

33.03

+0.25 (+0.76%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21 2025-01-21/bmo
Earnings (Next)04-28 2025-04-28/bmo
Inst Owners56.31%
Inst Owner Change-0.05%
Ins Owners15.74%
Ins Owner Change1.33%
Market Cap327.66M
Analysts82.5
Price Target41.82 (26.61%)
Short Float %0.51%
Short Ratio2.36
Dividend
Industry RankSector Rank
Dividend Yield 1.14%
Yearly Dividend0.36
Dividend Growth(5Y)N/A
DP9.86%
Div Incr Years0
Div Non Decr Years3
Ex-Date05-01 2025-05-01 (0.09)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.52%
Min EPS beat(2)-9.11%
Max EPS beat(2)10.16%
EPS beat(4)2
Avg EPS beat(4)0.5%
Min EPS beat(4)-9.11%
Max EPS beat(4)10.16%
EPS beat(8)5
Avg EPS beat(8)14.22%
EPS beat(12)8
Avg EPS beat(12)12.47%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.05%
Min Revenue beat(2)-0.46%
Max Revenue beat(2)0.56%
Revenue beat(4)2
Avg Revenue beat(4)-1.37%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)0.56%
Revenue beat(8)5
Avg Revenue beat(8)4.21%
Revenue beat(12)8
Avg Revenue beat(12)3.91%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.13%
EPS NY rev (3m)-0.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.45%
Revenue NY rev (3m)0.59%
Valuation
Industry RankSector Rank
PE 8.62
Fwd PE 8.15
P/S 3.46
P/FCF 9.33
P/OCF 8.99
P/B 1.21
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)3.83
EY11.6%
EPS(NY)4.05
Fwd EY12.28%
FCF(TTM)3.54
FCFY10.72%
OCF(TTM)3.67
OCFY11.12%
SpS9.54
BVpS27.36
TBVpS23.29
PEG (NY)1.47
PEG (5Y)0.21
Profitability
Industry RankSector Rank
ROA 1.15%
ROE 12%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 34.43%
GM N/A
FCFM 37.14%
ROA(3y)1.28%
ROA(5y)1.16%
ROE(3y)14.07%
ROE(5y)12.26%
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 3Y6.48%
PM growth 5Y21.16%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.82
Debt/EBITDA N/A
Cap/Depr 75.47%
Cap/Sales 1.39%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 107.89%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC14.57%
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)12.65%
EPS 3Y17.53%
EPS 5Y41.8%
EPS Q2Q%23.81%
EPS Next Y5.86%
EPS Next 2Y6.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.33%
Revenue growth 3Y15.86%
Revenue growth 5Y18.98%
Sales Q2Q%36.57%
Revenue Next Year12.41%
Revenue Next 2Y10.05%
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 1Y-13.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.04%
OCF growth 3YN/A
OCF growth 5YN/A