BANK FIRST CORP (BFC)
US06211J1007 - Common Stock
We assign a fundamental rating of 4 out of 10 to BFC. BFC was compared to 412 industry peers in the Banks industry. There are concerns on the financial health of BFC while its profitability can be described as average. BFC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BFC was profitable.
In the past year BFC had a positive cash flow from operations.
BFC had positive earnings in each of the past 5 years.
In the past 5 years BFC always reported a positive cash flow from operatings.
1.2 Ratios
BFC has a better Return On Assets (1.75%) than 93.69% of its industry peers.
Looking at the Return On Equity, with a value of 11.95%, BFC is in the better half of the industry, outperforming 79.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.75% | ||
| ROE | 11.95% | ||
| ROIC | N/A |
ROA(3y)1.51%
ROA(5y)1.42%
ROE(3y)11.95%
ROE(5y)12.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BFC (38.67%) is better than 93.45% of its industry peers.
In the last couple of years the Profit Margin of BFC has grown nicely.
BFC 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) | 38.67% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.11%
PM growth 5Y2.5%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BFC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BFC has more shares outstanding
BFC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BFC has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of BFC is 2.33, which is a good value as it means it would take BFC, 2.33 years of fcf income to pay off all of its debts.
BFC has a Debt to FCF ratio (2.33) which is comparable to the rest of the industry.
BFC has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
BFC has a better Debt to Equity ratio (0.15) than 66.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.56%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for BFC have decreased by -4.48% in the last year.
BFC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.94% yearly.
Looking at the last year, BFC shows a very strong growth in Revenue. The Revenue has grown by 54.60%.
BFC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.76% yearly.
EPS 1Y (TTM)-4.48%
EPS 3Y0.89%
EPS 5Y6.94%
EPS growth Q2Q0.7%
Revenue 1Y (TTM)54.6%
Revenue growth 3Y20.21%
Revenue growth 5Y20.76%
Revenue growth Q2Q119.92%
3.2 Future
The Earnings Per Share is expected to grow by 6.98% on average over the next years.
BFC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y12.24%
EPS Next 2Y6.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.69%
Revenue Next 2Y3.77%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
Based on the Price/Earnings ratio of 15.22, the valuation of BFC can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of BFC indicates a slightly more expensive valuation: BFC is more expensive than 79.61% of the companies listed in the same industry.
BFC is valuated rather cheaply when we compare the Price/Earnings ratio to 28.02, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.56, which indicates a correct valuation of BFC.
BFC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BFC is more expensive than 67.23% of the companies in the same industry.
BFC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.58.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.22 | ||
| Fwd PE | 13.56 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BFC indicates a slightly more expensive valuation: BFC is more expensive than 78.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.81 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.24
PEG (5Y)2.19
EPS Next 2Y6.98%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BFC has a Yearly Dividend Yield of 1.75%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.76, BFC is paying slightly less dividend.
BFC's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
5.2 History
The dividend of BFC is nicely growing with an annual growth rate of 12.81%!
BFC has been paying a dividend for at least 10 years, so it has a reliable track record.
BFC has decreased its dividend recently.
Dividend Growth(5Y)12.81%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
16.14% of the earnings are spent on dividend by BFC. This is a low number and sustainable payout ratio.
BFC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP16.14%
EPS Next 2Y6.98%
EPS Next 3YN/A
BANK FIRST CORP
NASDAQ:BFC (5/6/2024, 7:00:02 PM)
After market: 81.14 0 (0%)81.14
+1.14 (+1.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap821.14M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 | 15.22 | ||
| Fwd PE | 13.56 | ||
| 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)1.24
PEG (5Y)2.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.75% | ||
| ROE | 11.95% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 38.67% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| 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)-4.48%
EPS 3Y0.89%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.24%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)54.6%
Revenue growth 3Y20.21%
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