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ALERUS FINANCIAL CORP (ALRS) Stock Fundamental Analysis

NASDAQ:ALRS - Nasdaq - US01446U1034 - Common Stock - Currency: USD

22.56  +0.2 (+0.89%)

After market: 22.56 0 (0%)

Fundamental Rating

4

ALRS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 100 industry peers in the Financial Services industry. ALRS may be in some trouble as it scores bad on both profitability and health. ALRS is not valued too expensively and it also shows a decent growth rate. Finally ALRS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

ALRS had positive earnings in the past year.
ALRS had a positive operating cash flow in the past year.
ALRS had positive earnings in each of the past 5 years.
Of the past 5 years ALRS 4 years had a positive operating cash flow.
ALRS Yearly Net Income VS EBIT VS OCF VS FCFALRS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

ALRS has a Return On Assets of 0.46%. This is in the lower half of the industry: ALRS underperforms 65.00% of its industry peers.
ALRS has a worse Return On Equity (4.78%) than 66.00% of its industry peers.
Industry RankSector Rank
ROA 0.46%
ROE 4.78%
ROIC N/A
ROA(3y)0.56%
ROA(5y)0.93%
ROE(3y)5.95%
ROE(5y)9.12%
ROIC(3y)N/A
ROIC(5y)N/A
ALRS Yearly ROA, ROE, ROICALRS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

With a Profit Margin value of 10.10%, ALRS perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
ALRS's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for ALRS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 10.1%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-28.79%
PM growth 5Y-12.19%
GM growth 3YN/A
GM growth 5YN/A
ALRS Yearly Profit, Operating, Gross MarginsALRS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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3

2. Health

2.1 Basic Checks

ALRS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ALRS has been increased compared to 1 year ago.
ALRS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ALRS has been reduced compared to a year ago.
ALRS Yearly Shares OutstandingALRS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
ALRS Yearly Total Debt VS Total AssetsALRS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

The Debt to FCF ratio of ALRS is 5.30, which is a neutral value as it means it would take ALRS, 5.30 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.30, ALRS is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that ALRS is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.11, ALRS is doing good in the industry, outperforming 74.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 5.3
Altman-Z N/A
ROIC/WACCN/A
WACC15.51%
ALRS Yearly LT Debt VS Equity VS FCFALRS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ALRS Yearly Current Assets VS Current LiabilitesALRS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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6

3. Growth

3.1 Past

The earnings per share for ALRS have decreased strongly by -28.65% in the last year.
The earnings per share for ALRS have been decreasing by -13.21% on average. This is quite bad
ALRS shows a strong growth in Revenue. In the last year, the Revenue has grown by 45.90%.
Measured over the past years, ALRS shows a small growth in Revenue. The Revenue has been growing by 3.29% on average per year.
EPS 1Y (TTM)-28.65%
EPS 3Y-30.05%
EPS 5Y-13.21%
EPS Q2Q%62.5%
Revenue 1Y (TTM)45.9%
Revenue growth 3Y-1.81%
Revenue growth 5Y3.29%
Sales Q2Q%44.69%

3.2 Future

The Earnings Per Share is expected to grow by 54.14% on average over the next years. This is a very strong growth
Based on estimates for the next years, ALRS will show a quite strong growth in Revenue. The Revenue will grow by 17.20% on average per year.
EPS Next Y117.75%
EPS Next 2Y54.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year32.47%
Revenue Next 2Y17.2%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ALRS Yearly Revenue VS EstimatesALRS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
ALRS Yearly EPS VS EstimatesALRS Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.49 indicates a rather expensive valuation of ALRS.
ALRS's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.52, ALRS is valued a bit cheaper.
ALRS is valuated reasonably with a Price/Forward Earnings ratio of 9.31.
Based on the Price/Forward Earnings ratio, ALRS is valued a bit cheaper than the industry average as 61.00% of the companies are valued more expensively.
ALRS is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.58, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.49
Fwd PE 9.31
ALRS Price Earnings VS Forward Price EarningsALRS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as ALRS.
Industry RankSector Rank
P/FCF 51.36
EV/EBITDA N/A
ALRS Per share dataALRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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 ALRS's earnings are expected to grow with 54.14% in the coming years.
PEG (NY)0.16
PEG (5Y)N/A
EPS Next 2Y54.14%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

ALRS has a Yearly Dividend Yield of 3.70%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.86, ALRS pays a better dividend. On top of this ALRS pays more dividend than 83.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, ALRS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.7%

5.2 History

The dividend of ALRS has a limited annual growth rate of 5.59%.
ALRS has been paying a dividend for at least 10 years, so it has a reliable track record.
ALRS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.59%
Div Incr Years12
Div Non Decr Years12
ALRS Yearly Dividends per shareALRS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

ALRS pays out 68.22% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ALRS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP68.22%
EPS Next 2Y54.14%
EPS Next 3YN/A
ALRS Yearly Income VS Free CF VS DividendALRS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M
ALRS Dividend Payout.ALRS Dividend Payout, showing the Payout Ratio.ALRS Dividend Payout.PayoutRetained Earnings

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ALERUS FINANCIAL CORP

NASDAQ:ALRS (7/14/2025, 4:30:00 PM)

After market: 22.56 0 (0%)

22.56

+0.2 (+0.89%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)04-28 2025-04-28/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners54.09%
Inst Owner Change0%
Ins Owners4.22%
Ins Owner Change2.58%
Market Cap572.35M
Analysts76.36
Price Target22.75 (0.84%)
Short Float %1.04%
Short Ratio3.08
Dividend
Industry RankSector Rank
Dividend Yield 3.7%
Yearly Dividend0.69
Dividend Growth(5Y)5.59%
DP68.22%
Div Incr Years12
Div Non Decr Years12
Ex-Date06-27 2025-06-27 (0.21)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-19.9%
Min EPS beat(2)-59.92%
Max EPS beat(2)20.12%
EPS beat(4)1
Avg EPS beat(4)-24.64%
Min EPS beat(4)-59.92%
Max EPS beat(4)20.12%
EPS beat(8)4
Avg EPS beat(8)1.06%
EPS beat(12)5
Avg EPS beat(12)-1.46%
EPS beat(16)9
Avg EPS beat(16)4.91%
Revenue beat(2)2
Avg Revenue beat(2)7.61%
Min Revenue beat(2)1.94%
Max Revenue beat(2)13.28%
Revenue beat(4)3
Avg Revenue beat(4)3.05%
Min Revenue beat(4)-5.71%
Max Revenue beat(4)13.28%
Revenue beat(8)5
Avg Revenue beat(8)1.13%
Revenue beat(12)5
Avg Revenue beat(12)-1.19%
Revenue beat(16)8
Avg Revenue beat(16)-0.71%
PT rev (1m)0%
PT rev (3m)-1.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.26%
EPS NY rev (1m)0.58%
EPS NY rev (3m)7.23%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)2.73%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)2.86%
Valuation
Industry RankSector Rank
PE 18.49
Fwd PE 9.31
P/S 2.35
P/FCF 51.36
P/OCF 23.19
P/B 1.11
P/tB 1.51
EV/EBITDA N/A
EPS(TTM)1.22
EY5.41%
EPS(NY)2.42
Fwd EY10.74%
FCF(TTM)0.44
FCFY1.95%
OCF(TTM)0.97
OCFY4.31%
SpS9.59
BVpS20.27
TBVpS14.98
PEG (NY)0.16
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.46%
ROE 4.78%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 10.1%
GM N/A
FCFM 4.58%
ROA(3y)0.56%
ROA(5y)0.93%
ROE(3y)5.95%
ROE(5y)9.12%
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-28.79%
PM growth 5Y-12.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 5.3
Debt/EBITDA N/A
Cap/Depr 116.94%
Cap/Sales 5.57%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 45.36%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC15.51%
ROIC/WACCN/A
Cap/Depr(3y)61.36%
Cap/Depr(5y)49.08%
Cap/Sales(3y)2.77%
Cap/Sales(5y)2.13%
Profit Quality(3y)189.88%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-28.65%
EPS 3Y-30.05%
EPS 5Y-13.21%
EPS Q2Q%62.5%
EPS Next Y117.75%
EPS Next 2Y54.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)45.9%
Revenue growth 3Y-1.81%
Revenue growth 5Y3.29%
Sales Q2Q%44.69%
Revenue Next Year32.47%
Revenue Next 2Y17.2%
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-82.99%
FCF growth 3Y-51.79%
FCF growth 5Y0.35%
OCF growth 1Y-63.75%
OCF growth 3Y-42.18%
OCF growth 5Y8.57%