ASSOCIATED BANC-CORP (ASB) Stock Fundamental Analysis
USA - NYSE:ASB - US0454871056 - Common Stock
25.58 USD
+0.04 (+0.16%)
Taking everything into account, ASB scores 4 out of 10 in our fundamental rating. ASB was compared to 388 industry peers in the Banks industry. Both the profitability and financial health of ASB have multiple concerns. ASB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ASB was profitable.
ASB had a positive operating cash flow in the past year.
Each year in the past 5 years ASB has been profitable.
ASB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ASB (0.37%) is worse than 82.47% of its industry peers.
ASB has a Return On Equity of 3.36%. This is amonst the worse of the industry: ASB underperforms 81.96% 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
Looking at the Profit Margin, with a value of 14.09%, ASB is doing worse than 77.32% of the companies in the same industry.
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 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.
Compared to 1 year ago, ASB has more shares outstanding
The number of shares outstanding for ASB has been increased compared to 5 years ago.
ASB has a worse debt/assets ratio than last year.
2.2 Solvency
ASB has a debt to FCF ratio of 1.77. This is a very positive value and a sign of high solvency as it would only need 1.77 years to pay back of all of its debts.
With a Debt to FCF ratio value of 1.77, ASB perfoms like the industry average, outperforming 51.80% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that ASB is not too dependend on debt financing.
The Debt to Equity ratio of ASB (0.20) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.77 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.07%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ASB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.79%, which is quite good.
ASB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.84% yearly.
ASB shows a small growth in Revenue. In the last year, the Revenue has grown by 5.93%.
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 9.84% 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 Y13.68%
EPS Next 2Y9.33%
EPS Next 3Y9.84%
EPS Next 5YN/A
Revenue Next Year20.95%
Revenue Next 2Y12.87%
Revenue Next 3Y10.4%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.91, which indicates a very decent valuation of ASB.
Based on the Price/Earnings ratio, ASB is valued a bit cheaper than the industry average as 74.74% of the companies are valued more expensively.
ASB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.34.
Based on the Price/Forward Earnings ratio of 8.95, the valuation of ASB can be described as reasonable.
Based on the Price/Forward Earnings ratio, ASB is valued a bit cheaper than 66.75% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.43. ASB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.91 | ||
| Fwd PE | 8.95 |
4.2 Price Multiples
84.02% of the companies in the same industry are more expensive than ASB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.54 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
ASB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.72
PEG (5Y)2.58
EPS Next 2Y9.33%
EPS Next 3Y9.84%
5. Dividend
5.1 Amount
ASB has a Yearly Dividend Yield of 3.80%. Purely for dividend investing, there may be better candidates out there.
ASB's Dividend Yield is a higher than the industry average which is at 3.38.
Compared to an average S&P500 Dividend Yield of 2.36, ASB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
The dividend of ASB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP101.18%
EPS Next 2Y9.33%
EPS Next 3Y9.84%
NYSE:ASB (11/13/2025, 9:49:26 AM)
25.58
+0.04 (+0.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners86.66%
Inst Owner Change-0.15%
Ins Owners0.77%
Ins Owner Change-0.05%
Market Cap4.24B
Revenue(TTM)1.16B
Net Income(TTM)163.70M
Analysts68.57
Price Target29.78 (16.42%)
Short Float %2.72%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.8% |
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)2.1%
PT rev (3m)2.1%
EPS NQ rev (1m)0.97%
EPS NQ rev (3m)1.41%
EPS NY rev (1m)2.62%
EPS NY rev (3m)6.73%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.91 | ||
| Fwd PE | 8.95 | ||
| P/S | 3.65 | ||
| P/FCF | 7.54 | ||
| P/OCF | 7.02 | ||
| P/B | 0.87 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.58
EY10.09%
EPS(NY)2.86
Fwd EY11.17%
FCF(TTM)3.39
FCFY13.27%
OCF(TTM)3.65
OCFY14.25%
SpS7
BVpS29.35
TBVpS22.03
PEG (NY)0.72
PEG (5Y)2.58
Graham Number41.28
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
WACC19.07%
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 Y13.68%
EPS Next 2Y9.33%
EPS Next 3Y9.84%
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 13.68% in the next year.