UNITY BANCORP INC (UNTY) Stock Fundamental Analysis
NASDAQ:UNTY - Nasdaq - US9132901029 - Common Stock - Currency: USD
UNTY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. UNTY has only an average score on both its financial health and profitability. UNTY scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes UNTY very considerable for value investing!
1. Profitability
1.1 Basic Checks
UNTY had positive earnings in the past year.
In the past year UNTY had a positive cash flow from operations.
UNTY had positive earnings in each of the past 5 years.
Each year in the past 5 years UNTY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of UNTY (1.56%) is better than 92.21% of its industry peers.
Looking at the Return On Equity, with a value of 14.02%, UNTY belongs to the top of the industry, outperforming 89.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.56% | ||
| ROE | 14.02% | ||
| ROIC | N/A |
ROA(3y)1.56%
ROA(5y)1.53%
ROE(3y)15.1%
ROE(5y)15.29%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 38.71%, UNTY belongs to the best of the industry, outperforming 94.22% of the companies in the same industry.
UNTY's Profit Margin has improved in the last couple of years.
UNTY does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 38.71% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.53%
PM growth 5Y1.9%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
UNTY does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for UNTY has been reduced compared to 1 year ago.
UNTY has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, UNTY has an improved debt to assets ratio.
2.2 Solvency
UNTY has a debt to FCF ratio of 0.22. This is a very positive value and a sign of high solvency as it would only need 0.22 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.22, UNTY belongs to the top of the industry, outperforming 88.19% of the companies in the same industry.
A Debt/Equity ratio of 0.03 indicates that UNTY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.03, UNTY belongs to the top of the industry, outperforming 84.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.59%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.81% over the past year.
Measured over the past years, UNTY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.66% on average per year.
Looking at the last year, UNTY shows a small growth in Revenue. The Revenue has grown by 3.82% in the last year.
UNTY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.79% yearly.
EPS 1Y (TTM)11.81%
EPS 3Y5.88%
EPS 5Y13.66%
EPS Q2Q%21.51%
Revenue 1Y (TTM)3.82%
Revenue growth 3Y6.32%
Revenue growth 5Y9.79%
Sales Q2Q%12.52%
3.2 Future
The Earnings Per Share is expected to grow by 17.56% on average over the next years. This is quite good.
UNTY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.44% yearly.
EPS Next Y21.93%
EPS Next 2Y17.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.25%
Revenue Next 2Y11.44%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.83 indicates a reasonable valuation of UNTY.
75.13% of the companies in the same industry are more expensive than UNTY, based on the Price/Earnings ratio.
UNTY is valuated cheaply when we compare the Price/Earnings ratio to 28.64, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.46, the valuation of UNTY can be described as very cheap.
87.19% of the companies in the same industry are more expensive than UNTY, based on the Price/Forward Earnings ratio.
UNTY is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 7.46 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, UNTY is valued a bit cheaper than the industry average as 70.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.92 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as UNTY's earnings are expected to grow with 17.56% in the coming years.
PEG (NY)0.45
PEG (5Y)0.72
EPS Next 2Y17.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
UNTY has a Yearly Dividend Yield of 1.36%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.36, UNTY pays less dividend than the industry average, which is at 3.68. 80.15% of the companies listed in the same industry pay a better dividend than UNTY!
With a Dividend Yield of 1.36, UNTY pays less dividend than the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
The dividend of UNTY is nicely growing with an annual growth rate of 10.72%!
UNTY has paid a dividend for at least 10 years, which is a reliable track record.
UNTY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.72%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
UNTY pays out 12.11% of its income as dividend. This is a sustainable payout ratio.
UNTY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP12.11%
EPS Next 2Y17.56%
EPS Next 3YN/A
41.87
-0.13 (-0.31%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners52.16%
Inst Owner Change0.49%
Ins Owners27.96%
Ins Owner Change4.83%
Market Cap422.05M
Analysts84.44
Price Target54.06 (29.11%)
Short Float %0.94%
Short Ratio1.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend0.5
Dividend Growth(5Y)10.72%
DP12.11%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.68%
Min EPS beat(2)4.51%
Max EPS beat(2)10.85%
EPS beat(4)3
Avg EPS beat(4)3.96%
Min EPS beat(4)-0.82%
Max EPS beat(4)10.85%
EPS beat(8)7
Avg EPS beat(8)4.57%
EPS beat(12)9
Avg EPS beat(12)2.68%
EPS beat(16)13
Avg EPS beat(16)3.43%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-4.99%
Max Revenue beat(2)3.92%
Revenue beat(4)1
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-4.99%
Max Revenue beat(4)3.92%
Revenue beat(8)1
Avg Revenue beat(8)-2.35%
Revenue beat(12)2
Avg Revenue beat(12)-1.91%
Revenue beat(16)4
Avg Revenue beat(16)-1.37%
PT rev (1m)0%
PT rev (3m)10.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.99%
EPS NY rev (1m)0.82%
EPS NY rev (3m)6.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 7.46 | ||
| P/S | 3.94 | ||
| P/FCF | 8.92 | ||
| P/OCF | 8.8 | ||
| P/B | 1.43 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.26
EY10.17%
EPS(NY)5.61
Fwd EY13.4%
FCF(TTM)4.69
FCFY11.21%
OCF(TTM)4.76
OCFY11.37%
SpS10.62
BVpS29.32
TBVpS29.17
PEG (NY)0.45
PEG (5Y)0.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.56% | ||
| ROE | 14.02% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 38.71% | ||
| GM | N/A | ||
| FCFM | 44.17% |
ROA(3y)1.56%
ROA(5y)1.53%
ROE(3y)15.1%
ROE(5y)15.29%
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-1.53%
PM growth 5Y1.9%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.22 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 26.86% | ||
| Cap/Sales | 0.65% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 114.1% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC11.59%
ROIC/WACCN/A
Cap/Depr(3y)40.19%
Cap/Depr(5y)45.5%
Cap/Sales(3y)1.03%
Cap/Sales(5y)1.04%
Profit Quality(3y)112.31%
Profit Quality(5y)103.12%
High Growth Momentum
Growth
EPS 1Y (TTM)11.81%
EPS 3Y5.88%
EPS 5Y13.66%
EPS Q2Q%21.51%
EPS Next Y21.93%
EPS Next 2Y17.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.82%
Revenue growth 3Y6.32%
Revenue growth 5Y9.79%
Sales Q2Q%12.52%
Revenue Next Year13.25%
Revenue Next 2Y11.44%
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 1Y2.92%
FCF growth 3Y14.77%
FCF growth 5Y7.8%
OCF growth 1Y2.3%
OCF growth 3Y13.84%
OCF growth 5Y7.65%