BANC OF CALIFORNIA INC (BANC) Stock Fundamental Analysis
USA - NYSE:BANC - US05990K1060 - Common Stock
17.1 USD
+0.18 (+1.06%)
17 USD
-0.1 (-0.58%)
We assign a fundamental rating of 4 out of 10 to BANC. BANC was compared to 392 industry peers in the Banks industry. BANC has a bad profitability rating. Also its financial health evaluation is rather negative. BANC is not overvalued while it is showing excellent growth. This is an interesting combination. Finally BANC also has an excellent dividend rating.
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.
The reported net income has been mixed in the past 5 years: BANC reported negative net income in multiple years.
Each year in the past 5 years BANC had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.31%, BANC is not doing good in the industry: 83.16% of the companies in the same industry are doing better.
BANC has a worse Return On Equity (3.15%) than 83.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.31% | ||
| ROE | 3.15% | ||
| 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
Looking at the Profit Margin, with a value of 10.58%, BANC is doing worse than 82.65% of the companies in the same industry.
BANC's Profit Margin has improved in the last couple of years.
BANC 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) | 10.58% | ||
| 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
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
The Debt to FCF ratio of BANC is 5.97, which is a neutral value as it means it would take BANC, 5.97 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.97, BANC is doing worse than 70.92% of the companies in the same industry.
BANC has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
BANC has a Debt to Equity ratio of 0.34. This is in the lower half of the industry: BANC underperforms 72.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.43%
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 34.76% on average per year.
The Revenue is expected to grow by 10.13% on average over the next years. This is quite good.
EPS Next Y31.97%
EPS Next 2Y43.16%
EPS Next 3Y34.76%
EPS Next 5YN/A
Revenue Next Year6.25%
Revenue Next 2Y8.94%
Revenue Next 3Y10.13%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.63, the valuation of BANC can be described as rather expensive.
BANC's Price/Earnings ratio is a bit more expensive when compared to the industry. BANC is more expensive than 75.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.86. BANC is valued slightly cheaper when compared to this.
BANC is valuated reasonably with a Price/Forward Earnings ratio of 10.17.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BANC is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, BANC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.63 | ||
| Fwd PE | 10.17 |
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 | 12.94 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
BANC's 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 34.76% in the coming years.
PEG (NY)0.55
PEG (5Y)0.44
EPS Next 2Y43.16%
EPS Next 3Y34.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.74%, BANC is a good candidate for dividend investing.
BANC's Dividend Yield is rather good when compared to the industry average which is at 3.59. BANC pays more dividend than 96.68% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, BANC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
5.2 History
The dividend of BANC has a limited annual growth rate of 0.59%.
BANC has paid a dividend for at least 10 years, which is 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
99.82% of the earnings are spent on dividend by BANC. This is not a sustainable payout ratio.
BANC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP99.82%
EPS Next 2Y43.16%
EPS Next 3Y34.76%
17.1
+0.18 (+1.06%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners92.35%
Inst Owner Change0%
Ins Owners0.82%
Ins Owner Change-3.15%
Market Cap2.53B
Analysts80
Price Target18.51 (8.25%)
Short Float %8.66%
Short Ratio4.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
Yearly Dividend0.64
Dividend Growth(5Y)0.59%
DP99.82%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.34%
Min EPS beat(2)-55.21%
Max EPS beat(2)34.53%
EPS beat(4)3
Avg EPS beat(4)34.77%
Min EPS beat(4)-55.21%
Max EPS beat(4)142.46%
EPS beat(8)4
Avg EPS beat(8)249.98%
EPS beat(12)5
Avg EPS beat(12)164.55%
EPS beat(16)7
Avg EPS beat(16)135.66%
Revenue beat(2)0
Avg Revenue beat(2)-7.09%
Min Revenue beat(2)-8.4%
Max Revenue beat(2)-5.78%
Revenue beat(4)1
Avg Revenue beat(4)-5.17%
Min Revenue beat(4)-8.4%
Max Revenue beat(4)0.05%
Revenue beat(8)1
Avg Revenue beat(8)-6.47%
Revenue beat(12)3
Avg Revenue beat(12)-4.72%
Revenue beat(16)7
Avg Revenue beat(16)-2.66%
PT rev (1m)1.68%
PT rev (3m)4.91%
EPS NQ rev (1m)1.09%
EPS NQ rev (3m)0.71%
EPS NY rev (1m)0.56%
EPS NY rev (3m)-11.25%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-2.18%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.63 | ||
| Fwd PE | 10.17 | ||
| P/S | 2.48 | ||
| P/FCF | 12.94 | ||
| P/OCF | 12.36 | ||
| P/B | 0.74 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.97
EY5.67%
EPS(NY)1.68
Fwd EY9.83%
FCF(TTM)1.32
FCFY7.73%
OCF(TTM)1.38
OCFY8.09%
SpS6.9
BVpS23.19
TBVpS20.93
PEG (NY)0.55
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.31% | ||
| ROE | 3.15% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 10.58% | ||
| GM | N/A | ||
| FCFM | 19.15% |
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 | 0.34 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 11.11% | ||
| Cap/Sales | 0.9% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 181.06% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC18.43%
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 Y31.97%
EPS Next 2Y43.16%
EPS Next 3Y34.76%
EPS Next 5YN/A
Revenue 1Y (TTM)8.38%
Revenue growth 3Y54.37%
Revenue growth 5Y30.97%
Sales Q2Q%4.63%
Revenue Next Year6.25%
Revenue Next 2Y8.94%
Revenue Next 3Y10.13%
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 1Y88.33%
FCF growth 3Y-14.49%
FCF growth 5Y-1.45%
OCF growth 1Y83.58%
OCF growth 3Y-9.88%
OCF growth 5Y-0.74%