ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASB - US0454871056 - Common Stock
26.55 USD
+0.08 (+0.3%)
26.55 USD
0 (0%)
ASB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 388 industry peers in the Banks industry. Both the profitability and financial health of ASB have multiple concerns. ASB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ASB was profitable.
In the past year ASB had a positive cash flow from operations.
In the past 5 years ASB has always been profitable.
ASB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASB has a worse Return On Assets (0.37%) than 84.28% of its industry peers.
ASB has a worse Return On Equity (3.36%) than 84.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROIC | N/A |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ASB has a worse Profit Margin (14.09%) than 78.87% of its industry peers.
In the last couple of years the Profit Margin of ASB has declined.
ASB 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) | 14.09% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ASB has been increased compared to 1 year ago.
Compared to 5 years ago, ASB has more shares outstanding
The debt/assets ratio for ASB is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of ASB is 1.77, which is an excellent value as it means it would take ASB, only 1.77 years of fcf income to pay off all of its debts.
ASB's Debt to FCF ratio of 1.77 is in line compared to the rest of the industry. ASB outperforms 51.55% of its industry peers.
ASB has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
ASB's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. ASB outperforms 42.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.85%
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 9.79% over the past year.
The Earnings Per Share has been growing slightly by 3.84% on average over the past years.
Looking at the last year, ASB shows a small growth in Revenue. The Revenue has grown by 5.93% in the last year.
Measured over the past years, ASB shows a decrease in Revenue. The Revenue has been decreasing by -3.13% on average per year.
EPS 1Y (TTM)9.79%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%30.36%
Revenue 1Y (TTM)5.93%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%17.21%
3.2 Future
ASB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.74% yearly.
Based on estimates for the next years, ASB will show a quite strong growth in Revenue. The Revenue will grow by 10.40% on average per year.
EPS Next Y13.63%
EPS Next 2Y9.1%
EPS Next 3Y9.74%
EPS Next 5YN/A
Revenue Next Year20.95%
Revenue Next 2Y12.87%
Revenue Next 3Y10.4%
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.
4. Valuation
4.1 Price/Earnings Ratio
ASB is valuated reasonably with a Price/Earnings ratio of 10.29.
Based on the Price/Earnings ratio, ASB is valued a bit cheaper than 79.12% of the companies in the same industry.
ASB is valuated cheaply when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.33, the valuation of ASB can be described as very reasonable.
ASB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ASB is cheaper than 70.62% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.03. ASB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.29 | ||
| Fwd PE | 9.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASB indicates a rather cheap valuation: ASB is cheaper than 81.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.83 | ||
| 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.
PEG (NY)0.75
PEG (5Y)2.68
EPS Next 2Y9.1%
EPS Next 3Y9.74%
5. Dividend
5.1 Amount
ASB has a Yearly Dividend Yield of 3.61%.
Compared to an average industry Dividend Yield of 2.74, ASB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.88, ASB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
5.2 History
The dividend of ASB has a limited annual growth rate of 3.73%.
ASB has been paying a dividend for at least 10 years, so it has a reliable track record.
ASB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.73%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
ASB pays out 101.18% of its income as dividend. This is not a sustainable payout ratio.
ASB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP101.18%
EPS Next 2Y9.1%
EPS Next 3Y9.74%
26.55
+0.08 (+0.3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.36%
Inst Owner Change1.39%
Ins Owners0.77%
Ins Owner Change-0.71%
Market Cap4.41B
Revenue(TTM)1.16B
Net Income(TTM)163.70M
Analysts68.57
Price TargetN/A
Short Float %2.61%
Short Ratio2.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
Yearly Dividend0.95
Dividend Growth(5Y)3.73%
DP101.18%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.47%
Min EPS beat(2)4.04%
Max EPS beat(2)6.9%
EPS beat(4)4
Avg EPS beat(4)6.11%
Min EPS beat(4)4.04%
Max EPS beat(4)8.15%
EPS beat(8)8
Avg EPS beat(8)10.29%
EPS beat(12)11
Avg EPS beat(12)7.02%
EPS beat(16)15
Avg EPS beat(16)9.65%
Revenue beat(2)2
Avg Revenue beat(2)0.83%
Min Revenue beat(2)0.23%
Max Revenue beat(2)1.43%
Revenue beat(4)3
Avg Revenue beat(4)8.86%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)35.66%
Revenue beat(8)4
Avg Revenue beat(8)8.3%
Revenue beat(12)4
Avg Revenue beat(12)4.7%
Revenue beat(16)7
Avg Revenue beat(16)3.84%
PT rev (1m)0%
PT rev (3m)2.1%
EPS NQ rev (1m)0.32%
EPS NQ rev (3m)0.92%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)2.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.29 | ||
| Fwd PE | 9.33 | ||
| P/S | 3.79 | ||
| P/FCF | 7.83 | ||
| P/OCF | 7.28 | ||
| P/B | 0.9 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.58
EY9.72%
EPS(NY)2.84
Fwd EY10.71%
FCF(TTM)3.39
FCFY12.78%
OCF(TTM)3.64
OCFY13.73%
SpS7
BVpS29.34
TBVpS22.02
PEG (NY)0.75
PEG (5Y)2.68
Graham Number41.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.36% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 14.09% | ||
| GM | N/A | ||
| FCFM | 48.45% |
ROA(3y)0.52%
ROA(5y)0.67%
ROE(3y)5.09%
ROE(5y)6.1%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.12%
PM growth 5Y-15.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 70.74% | ||
| Cap/Sales | 3.6% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 343.83% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC18.85%
ROIC/WACCN/A
Cap/Depr(3y)101.71%
Cap/Depr(5y)88.11%
Cap/Sales(3y)5%
Cap/Sales(5y)4.84%
Profit Quality(3y)309.46%
Profit Quality(5y)249.06%
High Growth Momentum
Growth
EPS 1Y (TTM)9.79%
EPS 3Y2.96%
EPS 5Y3.84%
EPS Q2Q%30.36%
EPS Next Y13.63%
EPS Next 2Y9.1%
EPS Next 3Y9.74%
EPS Next 5YN/A
Revenue 1Y (TTM)5.93%
Revenue growth 3Y-0.65%
Revenue growth 5Y-3.13%
Sales Q2Q%17.21%
Revenue Next Year20.95%
Revenue Next 2Y12.87%
Revenue Next 3Y10.4%
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 1Y27.46%
FCF growth 3Y3.89%
FCF growth 5Y1.1%
OCF growth 1Y20.37%
OCF growth 3Y3.09%
OCF growth 5Y0.21%
ASSOCIATED BANC-CORP / ASB FAQ
What is the ChartMill fundamental rating of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ASB.
What is the valuation status of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a valuation rating of 6 / 10 to ASSOCIATED BANC-CORP (ASB). This can be considered as Fairly Valued.
How profitable is ASSOCIATED BANC-CORP (ASB) stock?
ASSOCIATED BANC-CORP (ASB) has a profitability rating of 2 / 10.
What is the financial health of ASSOCIATED BANC-CORP (ASB) stock?
The financial health rating of ASSOCIATED BANC-CORP (ASB) is 2 / 10.
What is the earnings growth outlook for ASSOCIATED BANC-CORP?
The Earnings per Share (EPS) of ASSOCIATED BANC-CORP (ASB) is expected to grow by 13.63% in the next year.