ASSOCIATED BANC-CORP (ASB)

US0454871056 - Common Stock

21.26  +0.74 (+3.61%)

After market: 21.26 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ASB. ASB was compared to 415 industry peers in the Banks industry. ASB has a bad profitability rating. Also its financial health evaluation is rather negative. ASB has a valuation in line with the averages, but it does not seem to be growing. ASB also has an excellent dividend rating.



2

1. Profitability

1.1 Basic Checks

ASB had positive earnings in the past year.
ASB had a positive operating cash flow in the past year.
Each year in the past 5 years ASB has been profitable.
Each year in the past 5 years ASB had a positive operating cash flow.

1.2 Ratios

ASB has a Return On Assets of 0.42%. This is amonst the worse of the industry: ASB underperforms 85.30% of its industry peers.
The Return On Equity of ASB (4.08%) is worse than 86.75% of its industry peers.
Industry RankSector Rank
ROA 0.42%
ROE 4.08%
ROIC N/A
ROA(3y)0.75%
ROA(5y)0.81%
ROE(3y)7.03%
ROE(5y)7.2%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of ASB (15.46%) is worse than 81.93% of its industry peers.
In the last couple of years the Profit Margin of ASB has declined.
The Operating Margin and Gross Margin are not available for ASB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 15.46%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.67%
PM growth 5Y-9.88%
GM growth 3YN/A
GM growth 5YN/A

3

2. Health

2.1 Basic Checks

ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ASB has more shares outstanding
ASB has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASB has an improved debt to assets ratio.

2.2 Solvency

ASB has a debt to FCF ratio of 2.28. This is a good value and a sign of high solvency as ASB would need 2.28 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.28, ASB perfoms like the industry average, outperforming 54.46% of the companies in the same industry.
ASB has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.21, ASB is in line with its industry, outperforming 55.18% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.28
Altman-Z N/A
ROIC/WACCN/A
WACC15.65%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

3

3. Growth

3.1 Past

The earnings per share for ASB have decreased by -2.98% in the last year.
Measured over the past 5 years, ASB shows a small growth in Earnings Per Share. The EPS has been growing by 2.45% on average per year.
The Revenue for ASB has decreased by -11.05% in the past year. This is quite bad
ASB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.24% yearly.
EPS 1Y (TTM)-2.98%
EPS 3Y24.55%
EPS 5Y2.45%
EPS growth Q2Q-24.29%
Revenue 1Y (TTM)-11.05%
Revenue growth 3Y-4.77%
Revenue growth 5Y-2.24%
Revenue growth Q2Q-65.1%

3.2 Future

Based on estimates for the next years, ASB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.58% on average per year.
Based on estimates for the next years, ASB will show a small growth in Revenue. The Revenue will grow by 7.01% on average per year.
EPS Next Y-6.26%
EPS Next 2Y2.06%
EPS Next 3Y8.58%
EPS Next 5YN/A
Revenue Next Year6.15%
Revenue Next 2Y6.12%
Revenue Next 3Y7.01%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

ASB is valuated reasonably with a Price/Earnings ratio of 9.32.
The rest of the industry has a similar Price/Earnings ratio as ASB.
When comparing the Price/Earnings ratio of ASB to the average of the S&P500 Index (26.42), we can say ASB is valued rather cheaply.
The Price/Forward Earnings ratio is 9.95, which indicates a very decent valuation of ASB.
64.82% of the companies in the same industry are more expensive than ASB, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ASB to the average of the S&P500 Index (22.74), we can say ASB is valued rather cheaply.
Industry RankSector Rank
PE 9.32
Fwd PE 9.95

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASB is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 8.43
EV/EBITDA N/A

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)3.8
EPS Next 2Y2.06%
EPS Next 3Y8.58%

7

5. Dividend

5.1 Amount

ASB has a Yearly Dividend Yield of 4.19%, which is a nice return.
ASB's Dividend Yield is a higher than the industry average which is at 3.70.
Compared to an average S&P500 Dividend Yield of 2.34, ASB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.19%

5.2 History

The dividend of ASB has a limited annual growth rate of 5.01%.
ASB has paid a dividend for at least 10 years, which is a reliable track record.
ASB has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)5.01%
Div Incr Years8
Div Non Decr Years8

5.3 Sustainability

ASB pays out 82.73% 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.
DP82.73%
EPS Next 2Y2.06%
EPS Next 3Y8.58%

ASSOCIATED BANC-CORP

NYSE:ASB (3/27/2024, 8:04:00 PM)

After market: 21.26 0 (0%)

21.26

+0.74 (+3.61%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.21B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.19%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 9.32
Fwd PE 9.95
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)3.8
Profitability
Industry RankSector Rank
ROA 0.42%
ROE 4.08%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 15.46%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-2.98%
EPS 3Y24.55%
EPS 5Y
EPS growth Q2Q
EPS Next Y-6.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.05%
Revenue growth 3Y-4.77%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y