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THIRD COAST BANCSHARES INC (TCBX) Stock Fundamental Analysis

NASDAQ:TCBX - Nasdaq - US88422P1093 - Common Stock

33.3  -0.31 (-0.92%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to TCBX. TCBX was compared to 405 industry peers in the Banks industry. TCBX may be in some trouble as it scores bad on both profitability and health. TCBX is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

TCBX had positive earnings in the past year.
TCBX had a positive operating cash flow in the past year.
TCBX Yearly Net Income VS EBIT VS OCF VS FCFTCBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 0 10M 20M 30M

1.2 Ratios

The Return On Assets of TCBX (0.84%) is comparable to the rest of the industry.
TCBX has a Return On Equity (8.63%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.84%
ROE 8.63%
ROIC N/A
ROA(3y)0.52%
ROA(5y)N/A
ROE(3y)5.09%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TCBX Yearly ROA, ROE, ROICTCBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2 4 6 8

1.3 Margins

Looking at the Profit Margin, with a value of 23.63%, TCBX is in line with its industry, outperforming 56.78% of the companies in the same industry.
TCBX's Profit Margin has improved in the last couple of years.
TCBX 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) 23.63%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.17%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TCBX Yearly Profit, Operating, Gross MarginsTCBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 5 10 15

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2

2. Health

2.1 Basic Checks

TCBX does not have a ROIC to compare to the WACC, probably because it is not profitable.
TCBX has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, TCBX has an improved debt to assets ratio.
TCBX Yearly Shares OutstandingTCBX Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2M 4M 6M 8M 10M
TCBX Yearly Total Debt VS Total AssetsTCBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

The Debt to FCF ratio of TCBX is 2.06, which is a good value as it means it would take TCBX, 2.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TCBX (2.06) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.25 indicates that TCBX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.25, TCBX is in line with its industry, outperforming 41.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.06
Altman-Z N/A
ROIC/WACCN/A
WACC24.85%
TCBX Yearly LT Debt VS Equity VS FCFTCBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TCBX Yearly Current Assets VS Current LiabilitesTCBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 5M 10M 15M 20M 25M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 38.59% over the past year.
TCBX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.84% yearly.
The Revenue has grown by 15.76% in the past year. This is quite good.
TCBX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.97% yearly.
EPS 1Y (TTM)38.59%
EPS 3Y-3.84%
EPS 5YN/A
EPS Q2Q%131.25%
Revenue 1Y (TTM)15.76%
Revenue growth 3Y27.97%
Revenue growth 5YN/A
Sales Q2Q%15.53%

3.2 Future

Based on estimates for the next years, TCBX will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.92% on average per year.
Based on estimates for the next years, TCBX will show a quite strong growth in Revenue. The Revenue will grow by 9.74% on average per year.
EPS Next Y38.04%
EPS Next 2Y20.67%
EPS Next 3Y16.92%
EPS Next 5YN/A
Revenue Next Year14.83%
Revenue Next 2Y11.64%
Revenue Next 3Y9.74%
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 decreasing.
TCBX Yearly Revenue VS EstimatesTCBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
TCBX Yearly EPS VS EstimatesTCBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.06, which indicates a correct valuation of TCBX.
TCBX's Price/Earnings ratio is in line with the industry average.
TCBX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 11.61, the valuation of TCBX can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as TCBX.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, TCBX is valued rather cheaply.
Industry RankSector Rank
PE 13.06
Fwd PE 11.61
TCBX Price Earnings VS Forward Price EarningsTCBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TCBX is valued a bit cheaper than 79.40% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.33
EV/EBITDA N/A
TCBX Per share dataTCBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

TCBX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TCBX's earnings are expected to grow with 16.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y20.67%
EPS Next 3Y16.92%

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0

5. Dividend

5.1 Amount

No dividends for TCBX!.
Industry RankSector Rank
Dividend Yield N/A

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THIRD COAST BANCSHARES INC

NASDAQ:TCBX (1/22/2025, 11:44:12 AM)

33.3

-0.31 (-0.92%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-23 2024-10-23/amc
Earnings (Next)01-22 2025-01-22/amc
Inst Owners41.52%
Inst Owner Change0.02%
Ins Owners7.42%
Ins Owner Change11.47%
Market Cap455.54M
Analysts82
Price Target35.77 (7.42%)
Short Float %1.68%
Short Ratio2.27
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.35
Dividend Growth(5Y)N/A
DP12.19%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.67%
Min EPS beat(2)9%
Max EPS beat(2)34.35%
EPS beat(4)4
Avg EPS beat(4)20.15%
Min EPS beat(4)9%
Max EPS beat(4)34.35%
EPS beat(8)7
Avg EPS beat(8)9.84%
EPS beat(12)8
Avg EPS beat(12)-2.36%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.22%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)0.94%
Revenue beat(4)3
Avg Revenue beat(4)0.7%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)1.52%
Revenue beat(8)3
Avg Revenue beat(8)-0.28%
Revenue beat(12)5
Avg Revenue beat(12)-0.49%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.41%
PT rev (3m)22.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)35.2%
EPS NY rev (1m)0%
EPS NY rev (3m)13.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE 13.06
Fwd PE 11.61
P/S 2.77
P/FCF 8.33
P/OCF 8.09
P/B 1.01
P/tB 1.06
EV/EBITDA N/A
EPS(TTM)2.55
EY7.66%
EPS(NY)2.87
Fwd EY8.61%
FCF(TTM)4
FCFY12.01%
OCF(TTM)4.12
OCFY12.36%
SpS12.03
BVpS32.93
TBVpS31.55
PEG (NY)0.34
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.84%
ROE 8.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.63%
GM N/A
FCFM 33.25%
ROA(3y)0.52%
ROA(5y)N/A
ROE(3y)5.09%
ROE(5y)N/A
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 3Y4.17%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 2.06
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 140.72%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC24.85%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)6.02%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.59%
EPS 3Y-3.84%
EPS 5YN/A
EPS Q2Q%131.25%
EPS Next Y38.04%
EPS Next 2Y20.67%
EPS Next 3Y16.92%
EPS Next 5YN/A
Revenue 1Y (TTM)15.76%
Revenue growth 3Y27.97%
Revenue growth 5YN/A
Sales Q2Q%15.53%
Revenue Next Year14.83%
Revenue Next 2Y11.64%
Revenue Next 3Y9.74%
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 1Y606.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y229.42%
OCF growth 3YN/A
OCF growth 5YN/A