BANC OF CALIFORNIA INC (BANC) Stock Fundamental Analysis
NYSE:BANC - New York Stock Exchange, Inc. - US05990K1060 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to BANC. BANC was compared to 396 industry peers in the Banks industry. BANC has a bad profitability rating. Also its financial health evaluation is rather negative. BANC is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
BANC had positive earnings in the past year.
BANC had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BANC reported negative net income in multiple 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 0.33%. This is amonst the worse of the industry: BANC underperforms 83.59% of its industry peers.
BANC has a Return On Equity of 3.12%. This is amonst the worse of the industry: BANC underperforms 83.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.12% | ||
| ROIC | N/A |
ROA(3y)-1.17%
ROA(5y)-0.6%
ROE(3y)-14.21%
ROE(5y)-7.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BANC (10.91%) is worse than 82.58% of its industry peers.
BANC's Profit Margin has improved in the last couple of years.
The 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) | 10.91% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.37%
PM growth 5Y54.11%
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.
BANC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BANC has more shares outstanding
The debt/assets ratio for BANC has been reduced compared to a year ago.
2.2 Solvency
BANC has a debt to FCF ratio of 7.34. This is a slightly negative value and a sign of low solvency as BANC would need 7.34 years to pay back of all of its debts.
BANC's Debt to FCF ratio of 7.34 is on the low side compared to the rest of the industry. BANC is outperformed by 74.75% of its industry peers.
BANC has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
BANC has a worse Debt to Equity ratio (0.35) than 73.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 7.34 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
BANC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -58.52%.
Measured over the past years, BANC shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.46% on average per year.
The Revenue has grown by 32.87% in the past year. This is a very strong growth!
The Revenue has been growing by 30.97% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-58.52%
EPS 3Y-8.77%
EPS 5Y40.46%
EPS Q2Q%68.42%
Revenue 1Y (TTM)32.87%
Revenue growth 3Y54.37%
Revenue growth 5Y30.97%
Sales Q2Q%-2.84%
3.2 Future
Based on estimates for the next years, BANC will show a very strong growth in Earnings Per Share. The EPS will grow by 33.69% on average per year.
Based on estimates for the next years, BANC will show a quite strong growth in Revenue. The Revenue will grow by 8.61% on average per year.
EPS Next Y48.22%
EPS Next 2Y43.12%
EPS Next 3Y33.69%
EPS Next 5YN/A
Revenue Next Year7.17%
Revenue Next 2Y8.85%
Revenue Next 3Y8.61%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.59, BANC is valued correctly.
Based on the Price/Earnings ratio, BANC is valued a bit more expensive than 67.42% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.46. BANC is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 8.25 indicates a reasonable valuation of BANC.
Based on the Price/Forward Earnings ratio, BANC is valued a bit cheaper than the industry average as 73.23% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BANC to the average of the S&P500 Index (22.30), we can say BANC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.59 | ||
| Fwd PE | 8.25 |
4.2 Price Multiples
BANC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.16 | ||
| 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.
A more expensive valuation may be justified as BANC's earnings are expected to grow with 33.69% in the coming years.
PEG (NY)0.3
PEG (5Y)0.36
EPS Next 2Y43.12%
EPS Next 3Y33.69%
5. Dividend
5.1 Amount
BANC has a Yearly Dividend Yield of 2.88%.
Compared to an average industry Dividend Yield of 3.46, BANC has a dividend in line with its industry peers.
BANC's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.88% |
5.2 History
The dividend of BANC has a limited annual growth rate of 0.59%.
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)0.59%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
BANC pays out 98.99% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BANC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP98.99%
EPS Next 2Y43.12%
EPS Next 3Y33.69%
13.86
+0.24 (+1.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners81.53%
Inst Owner Change-18.58%
Ins Owners0.8%
Ins Owner Change5.67%
Market Cap2.05B
Analysts78.75
Price Target17.57 (26.77%)
Short Float %12.32%
Short Ratio5.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.88% |
Yearly Dividend0.64
Dividend Growth(5Y)0.59%
DP98.99%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.92%
Min EPS beat(2)17.31%
Max EPS beat(2)34.53%
EPS beat(4)3
Avg EPS beat(4)36.46%
Min EPS beat(4)-48.45%
Max EPS beat(4)142.46%
EPS beat(8)4
Avg EPS beat(8)256.82%
EPS beat(12)5
Avg EPS beat(12)168.93%
EPS beat(16)8
Avg EPS beat(16)140.46%
Revenue beat(2)0
Avg Revenue beat(2)-7.47%
Min Revenue beat(2)-8.4%
Max Revenue beat(2)-6.54%
Revenue beat(4)1
Avg Revenue beat(4)-5%
Min Revenue beat(4)-8.4%
Max Revenue beat(4)0.05%
Revenue beat(8)1
Avg Revenue beat(8)-6.01%
Revenue beat(12)4
Avg Revenue beat(12)-3.89%
Revenue beat(16)8
Avg Revenue beat(16)-1.9%
PT rev (1m)-3.25%
PT rev (3m)-9.36%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)-5.07%
EPS NY rev (1m)-2.07%
EPS NY rev (3m)-2.98%
Revenue NQ rev (1m)-1.26%
Revenue NQ rev (3m)-3.69%
Revenue NY rev (1m)-3.25%
Revenue NY rev (3m)-4.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.59 | ||
| Fwd PE | 8.25 | ||
| P/S | 2.03 | ||
| P/FCF | 12.16 | ||
| P/OCF | 11.31 | ||
| P/B | 0.58 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.95
EY6.85%
EPS(NY)1.68
Fwd EY12.12%
FCF(TTM)1.14
FCFY8.22%
OCF(TTM)1.23
OCFY8.84%
SpS6.82
BVpS23.86
TBVpS21.55
PEG (NY)0.3
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.12% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 10.91% | ||
| GM | N/A | ||
| FCFM | 16.72% |
ROA(3y)-1.17%
ROA(5y)-0.6%
ROE(3y)-14.21%
ROE(5y)-7.6%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-22.37%
PM growth 5Y54.11%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 7.34 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 14.75% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 153.22% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC19.47%
ROIC/WACCN/A
Cap/Depr(3y)34.12%
Cap/Depr(5y)31.91%
Cap/Sales(3y)2.54%
Cap/Sales(5y)2.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-58.52%
EPS 3Y-8.77%
EPS 5Y40.46%
EPS Q2Q%68.42%
EPS Next Y48.22%
EPS Next 2Y43.12%
EPS Next 3Y33.69%
EPS Next 5YN/A
Revenue 1Y (TTM)32.87%
Revenue growth 3Y54.37%
Revenue growth 5Y30.97%
Sales Q2Q%-2.84%
Revenue Next Year7.17%
Revenue Next 2Y8.85%
Revenue Next 3Y8.61%
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 1Y24%
FCF growth 3Y-14.49%
FCF growth 5Y-1.45%
OCF growth 1Y27.48%
OCF growth 3Y-9.88%
OCF growth 5Y-0.74%