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 393 industry peers in the Banks industry. BANC may be in some trouble as it scores bad on both profitability and health. BANC is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year BANC was profitable.
In the past year BANC had a positive cash flow from operations.
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
The Return On Assets of BANC (0.33%) is worse than 83.72% of its industry peers.
BANC has a worse Return On Equity (3.12%) than 83.97% 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 82.19% of its industry peers.
In the last couple of years the Profit Margin of BANC has grown nicely.
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.
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.
The debt/assets ratio for BANC has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of BANC is 7.34, which is on the high side as it means it would take BANC, 7.34 years of fcf income to pay off 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 74.81% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that BANC is not too dependend on debt financing.
BANC has a Debt to Equity ratio of 0.35. This is in the lower half of the industry: BANC underperforms 73.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 7.34 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.27%
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 -53.37%.
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 8.38% in the past year. This is quite good.
BANC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.97% yearly.
EPS 1Y (TTM)-53.37%
EPS 3Y-8.77%
EPS 5Y40.46%
EPS Q2Q%20%
Revenue 1Y (TTM)8.38%
Revenue growth 3Y54.37%
Revenue growth 5Y30.97%
Sales Q2Q%4.63%
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 33.81% 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 9.73% on average per year.
EPS Next Y47.67%
EPS Next 2Y41.8%
EPS Next 3Y33.81%
EPS Next 5YN/A
Revenue Next Year7.27%
Revenue Next 2Y10.02%
Revenue Next 3Y9.73%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.31, BANC is valued correctly.
70.74% of the companies in the same industry are cheaper than BANC, based on the Price/Earnings ratio.
BANC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.61, which is the current average of the S&P500 Index.
BANC is valuated reasonably with a Price/Forward Earnings ratio of 9.01.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BANC indicates a somewhat cheap valuation: BANC is cheaper than 65.90% of the companies listed in the same industry.
BANC is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 9.01 |
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 | 13.03 | ||
| 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.
BANC's earnings are expected to grow with 33.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)0.38
EPS Next 2Y41.8%
EPS Next 3Y33.81%
5. Dividend
5.1 Amount
BANC has a Yearly Dividend Yield of 2.66%.
BANC's Dividend Yield is comparable with the industry average which is at 3.36.
Compared to an average S&P500 Dividend Yield of 2.32, BANC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
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.
BANC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP98.99%
EPS Next 2Y41.8%
EPS Next 3Y33.81%
14.85
-0.21 (-1.39%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners95.83%
Inst Owner Change-0.13%
Ins Owners0.89%
Ins Owner Change5.36%
Market Cap2.19B
Analysts80
Price Target17.75 (19.53%)
Short Float %11.18%
Short Ratio6.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
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)0.58%
PT rev (3m)-2.25%
EPS NQ rev (1m)-3.94%
EPS NQ rev (3m)-8.74%
EPS NY rev (1m)-0.69%
EPS NY rev (3m)-2.43%
Revenue NQ rev (1m)-0.54%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-3.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 9.01 | ||
| P/S | 2.18 | ||
| P/FCF | 13.03 | ||
| P/OCF | 12.12 | ||
| P/B | 0.62 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.97
EY6.53%
EPS(NY)1.65
Fwd EY11.1%
FCF(TTM)1.14
FCFY7.68%
OCF(TTM)1.23
OCFY8.25%
SpS6.82
BVpS23.86
TBVpS21.55
PEG (NY)0.32
PEG (5Y)0.38
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
WACC19.27%
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)-53.37%
EPS 3Y-8.77%
EPS 5Y40.46%
EPS Q2Q%20%
EPS Next Y47.67%
EPS Next 2Y41.8%
EPS Next 3Y33.81%
EPS Next 5YN/A
Revenue 1Y (TTM)8.38%
Revenue growth 3Y54.37%
Revenue growth 5Y30.97%
Sales Q2Q%4.63%
Revenue Next Year7.27%
Revenue Next 2Y10.02%
Revenue Next 3Y9.73%
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%