Overall ASB gets a fundamental rating of 3 out of 10. We evaluated ASB against 383 industry peers in the Banks industry. Both the profitability and financial health of ASB have multiple concerns. ASB is valued correctly, but it does not seem to be growing.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year ASB was profitable.
ASB had a positive operating cash flow in the past year.
Of the past 5 years ASB 4 years were profitable.
ASB had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

ASB has a Return On Assets of 0.37%. This is amonst the worse of the industry: ASB underperforms 84.33% of its industry peers.
With a Return On Equity value of 3.36%, ASB is not doing good in the industry: 84.07% of the companies in the same industry are doing better.

		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

With a Profit Margin value of 14.09%, ASB is not doing good in the industry: 78.59% of the companies in the same industry are doing better.
ASB's Profit Margin has declined in the last couple of years.
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

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

ASB does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for ASB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

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 has a Debt to FCF ratio (1.77) which is in line with its industry peers.
A Debt/Equity ratio of 0.20 indicates that ASB is not too dependend on debt financing.
ASB has a Debt to Equity ratio (0.20) which is in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.2
Debt/FCF	1.77
Altman-Z	N/A

ROIC/WACCN/A

WACC18.7%

2.3 Liquidity

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

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

ASB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.57%, which is quite good.
Measured over the past years, ASB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.95% on average per year.

EPS 1Y (TTM)17.57%

EPS 3Y6.14%

EPS 5Y18.95%

EPS Q2Q%40.35%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%12.75%

3.2 Future

ASB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.60% yearly.
Based on estimates for the next years, ASB will show a quite strong growth in Revenue. The Revenue will grow by 10.93% on average per year.

EPS Next Y1.14%

EPS Next 2Y6.6%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year12.69%

Revenue Next 2Y10.93%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 9.70 indicates a reasonable valuation of ASB.
Compared to the rest of the industry, the Price/Earnings ratio of ASB indicates a rather cheap valuation: ASB is cheaper than 85.90% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ASB to the average of the S&P500 Index (28.32), we can say ASB is valued rather cheaply.
The Price/Forward Earnings ratio is 9.59, which indicates a very decent valuation of ASB.
Based on the Price/Forward Earnings ratio, ASB is valued a bit cheaper than the industry average as 71.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, ASB is valued rather cheaply.

		Industry Rank	Sector Rank
PE	9.7
Fwd PE	9.59

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 81.46% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	8.04
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASB does not grow enough to justify the current Price/Earnings ratio.

PEG (NY)8.48

PEG (5Y)0.51

EPS Next 2Y6.6%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.51%, ASB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.67, ASB pays a bit more dividend than its industry peers.
ASB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.

		Industry Rank	Sector Rank
Dividend Yield	3.51%

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.
The dividend of ASB is growing, but earnings are growing more, so the dividend growth is sustainable.

DP101.18%

EPS Next 2Y6.6%

EPS Next 3YN/A

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ASSOCIATED BANC-CORP / ASB FAQ

What is the ChartMill fundamental rating of ASSOCIATED BANC-CORP (ASB) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ASB.

What is the valuation status for 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.

Can you provide the PE and PB ratios for ASB stock?

The Price/Earnings (PE) ratio for ASSOCIATED BANC-CORP (ASB) is 9.7 and the Price/Book (PB) ratio is 0.93.

How sustainable is the dividend of ASSOCIATED BANC-CORP (ASB) stock?

The dividend rating of ASSOCIATED BANC-CORP (ASB) is 6 / 10 and the dividend payout ratio is 101.18%.