BANC OF CALIFORNIA INC (BANC)
US05990K1060 - Common Stock
We assign a fundamental rating of 3 out of 10 to BANC. BANC was compared to 412 industry peers in the Banks industry. Both the profitability and financial health of BANC have multiple concerns. BANC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BANC was profitable.
BANC had a positive operating cash flow in the past year.
In multiple years BANC reported negative net income over the last 5 years.
BANC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BANC has a Return On Assets of -4.82%. This is amonst the worse of the industry: BANC underperforms 98.54% of its industry peers.
Looking at the Return On Equity, with a value of -54.80%, BANC is doing worse than 98.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.82% | ||
| ROE | -54.8% | ||
| ROIC | N/A |
ROA(3y)-1.08%
ROA(5y)-0.64%
ROE(3y)-13.46%
ROE(5y)-8.04%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for BANC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BANC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BANC has more shares outstanding
The number of shares outstanding for BANC has been increased compared to 5 years ago.
BANC has a worse debt/assets ratio than last year.
2.2 Solvency
BANC has a debt to FCF ratio of 31.92. This is a negative value and a sign of low solvency as BANC would need 31.92 years to pay back of all of its debts.
BANC has a Debt to FCF ratio of 31.92. This is amonst the worse of the industry: BANC underperforms 86.41% of its industry peers.
A Debt/Equity ratio of 1.13 is on the high side and indicates that BANC has dependencies on debt financing.
BANC has a worse Debt to Equity ratio (1.13) than 85.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 31.92 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC22.31%
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 impressive 23.86% over the past year.
BANC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.21% yearly.
The Revenue has grown by 73.48% in the past year. This is a very strong growth!
The Revenue has been decreasing by -0.73% on average over the past years.
EPS 1Y (TTM)23.86%
EPS 3Y69.62%
EPS 5Y35.21%
EPS growth Q2Q231.11%
Revenue 1Y (TTM)73.48%
Revenue growth 3Y7.12%
Revenue growth 5Y-0.73%
Revenue growth Q2Q279.24%
3.2 Future
The Earnings Per Share is expected to grow by 1.35% on average over the next years.
Based on estimates for the next years, BANC will show a very strong growth in Revenue. The Revenue will grow by 38.64% on average per year.
EPS Next Y-42.26%
EPS Next 2Y-7.74%
EPS Next 3Y1.35%
EPS Next 5YN/A
Revenue Next Year76.74%
Revenue Next 2Y38.64%
Revenue Next 3YN/A
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 decreasing.
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
BANC is valuated cheaply with a Price/Earnings ratio of 5.70.
93.69% of the companies in the same industry are more expensive than BANC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BANC to the average of the S&P500 Index (24.55), we can say BANC is valued rather cheaply.
The Price/Forward Earnings ratio is 9.87, which indicates a very decent valuation of BANC.
BANC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BANC is cheaper than 60.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.92, BANC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.7 | ||
| Fwd PE | 9.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BANC indicates a slightly more expensive valuation: BANC is more expensive than 77.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.19 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-7.74%
EPS Next 3Y1.35%
5. Dividend
5.1 Amount
BANC has a Yearly Dividend Yield of 2.92%.
BANC's Dividend Yield is slightly below the industry average, which is at 3.86.
BANC's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
5.2 History
The dividend of BANC decreases each year by -6.42%.
BANC has been paying a dividend for at least 10 years, so it has a reliable track record.
BANC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.42%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
The earnings of BANC are negative and hence is the payout ratio. BANC will probably not be able to sustain this dividend level.
DP-4.77%
EPS Next 2Y-7.74%
EPS Next 3Y1.35%
BANC OF CALIFORNIA INC
NYSE:BANC (5/1/2024, 7:04:00 PM)
After market: 13.91 0 (0%)13.91
+0.22 (+1.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.19B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.7 | ||
| Fwd PE | 9.87 | ||
| 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)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.82% | ||
| ROE | -54.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| 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 Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| 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)23.86%
EPS 3Y69.62%
EPS 5Y
EPS growth Q2Q
EPS Next Y-42.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)73.48%
Revenue growth 3Y7.12%
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