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STOCK YARDS BANCORP INC (SYBT) Stock Fundamental Analysis

NASDAQ:SYBT - Nasdaq - US8610251048 - Common Stock

74.75  +0.98 (+1.33%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SYBT. SYBT was compared to 405 industry peers in the Banks industry. There are concerns on the financial health of SYBT while its profitability can be described as average. SYBT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SYBT had positive earnings in the past year.
SYBT had a positive operating cash flow in the past year.
SYBT had positive earnings in each of the past 5 years.
SYBT had a positive operating cash flow in each of the past 5 years.
SYBT Yearly Net Income VS EBIT VS OCF VS FCFSYBT 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 20M 40M 60M 80M 100M

1.2 Ratios

The Return On Assets of SYBT (1.27%) is better than 84.17% of its industry peers.
SYBT's Return On Equity of 11.43% is amongst the best of the industry. SYBT outperforms 82.41% of its industry peers.
Industry RankSector Rank
ROA 1.27%
ROE 11.43%
ROIC N/A
ROA(3y)1.23%
ROA(5y)1.35%
ROE(3y)11.94%
ROE(5y)13.09%
ROIC(3y)N/A
ROIC(5y)N/A
SYBT Yearly ROA, ROE, ROICSYBT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

SYBT's Profit Margin of 30.93% is amongst the best of the industry. SYBT outperforms 85.93% of its industry peers.
SYBT's Profit Margin has declined in the last couple of years.
SYBT 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) 30.93%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.39%
PM growth 5Y-1.8%
GM growth 3YN/A
GM growth 5YN/A
SYBT Yearly Profit, Operating, Gross MarginsSYBT 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

SYBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SYBT has about the same amount of shares outstanding.
The number of shares outstanding for SYBT has been increased compared to 5 years ago.
Compared to 1 year ago, SYBT has a worse debt to assets ratio.
SYBT Yearly Shares OutstandingSYBT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
SYBT Yearly Total Debt VS Total AssetsSYBT 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

SYBT has a debt to FCF ratio of 1.26. This is a very positive value and a sign of high solvency as it would only need 1.26 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.26, SYBT is doing good in the industry, outperforming 71.86% of the companies in the same industry.
SYBT has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SYBT (0.20) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.26
Altman-Z N/A
ROIC/WACCN/A
WACC11.19%
SYBT Yearly LT Debt VS Equity VS FCFSYBT 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
SYBT Yearly Current Assets VS Current LiabilitesSYBT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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4

3. Growth

3.1 Past

SYBT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.70%.
The Earnings Per Share has been growing by 8.78% on average over the past years. This is quite good.
SYBT shows a small growth in Revenue. In the last year, the Revenue has grown by 1.08%.
Measured over the past years, SYBT shows a quite strong growth in Revenue. The Revenue has been growing by 16.28% on average per year.
EPS 1Y (TTM)-5.7%
EPS 3Y12.18%
EPS 5Y8.78%
EPS Q2Q%8.7%
Revenue 1Y (TTM)1.08%
Revenue growth 3Y21.83%
Revenue growth 5Y16.28%
Sales Q2Q%11.22%

3.2 Future

Based on estimates for the next years, SYBT will show a small growth in Earnings Per Share. The EPS will grow by 7.20% on average per year.
The Revenue is expected to grow by 5.73% on average over the next years.
EPS Next Y5.88%
EPS Next 2Y7.03%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue Next Year4.17%
Revenue Next 2Y5.73%
Revenue Next 3Y5.73%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SYBT Yearly Revenue VS EstimatesSYBT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
SYBT Yearly EPS VS EstimatesSYBT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 20.54, which indicates a rather expensive current valuation of SYBT.
SYBT's Price/Earnings ratio is a bit more expensive when compared to the industry. SYBT is more expensive than 77.39% of the companies in the same industry.
When comparing the Price/Earnings ratio of SYBT to the average of the S&P500 Index (28.29), we can say SYBT is valued slightly cheaper.
The Price/Forward Earnings ratio is 17.78, which indicates a rather expensive current valuation of SYBT.
73.87% of the companies in the same industry are cheaper than SYBT, based on the Price/Forward Earnings ratio.
SYBT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.54
Fwd PE 17.78
SYBT Price Earnings VS Forward Price EarningsSYBT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SYBT's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 15.12
EV/EBITDA N/A
SYBT Per share dataSYBT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SYBT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.49
PEG (5Y)2.34
EPS Next 2Y7.03%
EPS Next 3Y7.2%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.73%, SYBT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.22, SYBT is paying slightly less dividend.
SYBT's Dividend Yield is slightly below the S&P500 average, which is at 2.28.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

The dividend of SYBT has a limited annual growth rate of 4.20%.
SYBT has paid a dividend for at least 10 years, which is a reliable track record.
SYBT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.2%
Div Incr Years14
Div Non Decr Years27
SYBT Yearly Dividends per shareSYBT Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

SYBT pays out 33.26% of its income as dividend. This is a sustainable payout ratio.
The dividend of SYBT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.26%
EPS Next 2Y7.03%
EPS Next 3Y7.2%
SYBT Yearly Income VS Free CF VS DividendSYBT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
SYBT Dividend Payout.SYBT Dividend Payout, showing the Payout Ratio.SYBT Dividend Payout.PayoutRetained Earnings

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STOCK YARDS BANCORP INC

NASDAQ:SYBT (1/22/2025, 11:48:57 AM)

74.75

+0.98 (+1.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-23 2024-10-23/bmo
Earnings (Next)01-22 2025-01-22/amc
Inst Owners57.93%
Inst Owner Change0.03%
Ins Owners7.56%
Ins Owner Change-0.26%
Market Cap2.20B
Analysts50.91
Price Target80.38 (7.53%)
Short Float %7.2%
Short Ratio14.86
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend1.18
Dividend Growth(5Y)4.2%
DP33.26%
Div Incr Years14
Div Non Decr Years27
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.88%
Min EPS beat(2)4.08%
Max EPS beat(2)9.68%
EPS beat(4)3
Avg EPS beat(4)3.32%
Min EPS beat(4)-6.68%
Max EPS beat(4)9.68%
EPS beat(8)6
Avg EPS beat(8)2.66%
EPS beat(12)9
Avg EPS beat(12)0.32%
EPS beat(16)12
Avg EPS beat(16)0.55%
Revenue beat(2)2
Avg Revenue beat(2)0.16%
Min Revenue beat(2)0.15%
Max Revenue beat(2)0.18%
Revenue beat(4)3
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-1.63%
Max Revenue beat(4)2.59%
Revenue beat(8)4
Avg Revenue beat(8)-1.77%
Revenue beat(12)6
Avg Revenue beat(12)-1.19%
Revenue beat(16)9
Avg Revenue beat(16)-0.08%
PT rev (1m)10.67%
PT rev (3m)20.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.71%
EPS NY rev (1m)0%
EPS NY rev (3m)3.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.12%
Valuation
Industry RankSector Rank
PE 20.54
Fwd PE 17.78
P/S 6.37
P/FCF 15.12
P/OCF 14.25
P/B 2.35
P/tB 3.09
EV/EBITDA N/A
EPS(TTM)3.64
EY4.87%
EPS(NY)4.2
Fwd EY5.62%
FCF(TTM)4.95
FCFY6.62%
OCF(TTM)5.24
OCFY7.02%
SpS11.74
BVpS31.76
TBVpS24.17
PEG (NY)3.49
PEG (5Y)2.34
Profitability
Industry RankSector Rank
ROA 1.27%
ROE 11.43%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 30.93%
GM N/A
FCFM 42.13%
ROA(3y)1.23%
ROA(5y)1.35%
ROE(3y)11.94%
ROE(5y)13.09%
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 3Y0.39%
PM growth 5Y-1.8%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.26
Debt/EBITDA N/A
Cap/Depr 51.93%
Cap/Sales 2.55%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 136.19%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC11.19%
ROIC/WACCN/A
Cap/Depr(3y)54.95%
Cap/Depr(5y)65.12%
Cap/Sales(3y)3.31%
Cap/Sales(5y)3.15%
Profit Quality(3y)106.55%
Profit Quality(5y)104.37%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.7%
EPS 3Y12.18%
EPS 5Y8.78%
EPS Q2Q%8.7%
EPS Next Y5.88%
EPS Next 2Y7.03%
EPS Next 3Y7.2%
EPS Next 5YN/A
Revenue 1Y (TTM)1.08%
Revenue growth 3Y21.83%
Revenue growth 5Y16.28%
Sales Q2Q%11.22%
Revenue Next Year4.17%
Revenue Next 2Y5.73%
Revenue Next 3Y5.73%
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 1Y55.71%
FCF growth 3Y11.4%
FCF growth 5Y10.98%
OCF growth 1Y40.09%
OCF growth 3Y11.44%
OCF growth 5Y10.12%