BAR HARBOR BANKSHARES (BHB) Stock Fundamental Analysis
NYSEARCA:BHB - NYSE Arca - US0668491006 - Common Stock - Currency: USD
BHB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. There are concerns on the financial health of BHB while its profitability can be described as average. BHB has a correct valuation and a medium growth rate. BHB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BHB had positive earnings in the past year.
BHB had a positive operating cash flow in the past year.
BHB had positive earnings in each of the past 5 years.
In the past 5 years BHB always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.07%, BHB is in the better half of the industry, outperforming 72.11% of the companies in the same industry.
With a decent Return On Equity value of 9.50%, BHB is doing good in the industry, outperforming 61.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9.5% | ||
| ROIC | N/A |
ROA(3y)1.1%
ROA(5y)1.05%
ROE(3y)10.32%
ROE(5y)9.67%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 28.82%, BHB is doing good in the industry, outperforming 79.40% of the companies in the same industry.
In the last couple of years the Profit Margin of BHB has grown nicely.
BHB 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) | 28.82% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.45%
PM growth 5Y8.73%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BHB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BHB has more shares outstanding
BHB has less shares outstanding than it did 5 years ago.
The debt/assets ratio for BHB has been reduced compared to a year ago.
2.2 Solvency
BHB has a debt to FCF ratio of 1.06. This is a very positive value and a sign of high solvency as it would only need 1.06 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.06, BHB is doing good in the industry, outperforming 70.60% of the companies in the same industry.
BHB has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
BHB's Debt to Equity ratio of 0.10 is fine compared to the rest of the industry. BHB outperforms 71.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.06 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.27%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
BHB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.89%.
BHB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.42% yearly.
Looking at the last year, BHB shows a decrease in Revenue. The Revenue has decreased by -1.32% in the last year.
Measured over the past years, BHB shows a small growth in Revenue. The Revenue has been growing by 4.86% on average per year.
EPS 1Y (TTM)2.89%
EPS 3Y2.9%
EPS 5Y14.42%
EPS Q2Q%0%
Revenue 1Y (TTM)-1.32%
Revenue growth 3Y3.01%
Revenue growth 5Y4.86%
Sales Q2Q%3.5%
3.2 Future
Based on estimates for the next years, BHB will show a small growth in Earnings Per Share. The EPS will grow by 7.00% on average per year.
BHB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.58% yearly.
EPS Next Y3.39%
EPS Next 2Y7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.79%
Revenue Next 2Y13.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 10.62 indicates a reasonable valuation of BHB.
Based on the Price/Earnings ratio, BHB is valued a bit cheaper than 70.10% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.22. BHB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.27, the valuation of BHB can be described as reasonable.
63.07% of the companies in the same industry are more expensive than BHB, based on the Price/Forward Earnings ratio.
BHB is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.62 | ||
| Fwd PE | 9.27 |
4.2 Price Multiples
61.81% of the companies in the same industry are more expensive than BHB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.31 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BHB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.13
PEG (5Y)0.74
EPS Next 2Y7%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BHB has a Yearly Dividend Yield of 4.31%, which is a nice return.
Compared to an average industry Dividend Yield of 3.52, BHB pays a bit more dividend than its industry peers.
BHB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.31% |
5.2 History
On average, the dividend of BHB grows each year by 6.32%, which is quite nice.
BHB has paid a dividend for at least 10 years, which is a reliable track record.
BHB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.32%
Div Incr Years21
Div Non Decr Years29
5.3 Sustainability
40.85% of the earnings are spent on dividend by BHB. This is a bit on the high side, but may be sustainable.
BHB's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP40.85%
EPS Next 2Y7%
EPS Next 3YN/A
30.26
+0.96 (+3.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners58.37%
Inst Owner Change0.72%
Ins Owners2.4%
Ins Owner Change4.58%
Market Cap463.58M
Analysts46.67
Price Target33.15 (9.55%)
Short Float %0.64%
Short Ratio2.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.31% |
Yearly Dividend1.17
Dividend Growth(5Y)6.32%
DP40.85%
Div Incr Years21
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.71%
Min EPS beat(2)4.07%
Max EPS beat(2)17.35%
EPS beat(4)4
Avg EPS beat(4)6.14%
Min EPS beat(4)1.51%
Max EPS beat(4)17.35%
EPS beat(8)8
Avg EPS beat(8)4.66%
EPS beat(12)10
Avg EPS beat(12)2.6%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-4.54%
Min Revenue beat(2)-5.45%
Max Revenue beat(2)-3.64%
Revenue beat(4)1
Avg Revenue beat(4)-2.93%
Min Revenue beat(4)-5.45%
Max Revenue beat(4)0.3%
Revenue beat(8)2
Avg Revenue beat(8)-1.87%
Revenue beat(12)4
Avg Revenue beat(12)-1.26%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-8.45%
PT rev (3m)-7.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.27%
EPS NY rev (1m)0%
EPS NY rev (3m)5.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.15%
Revenue NY rev (1m)7.55%
Revenue NY rev (3m)9.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.62 | ||
| Fwd PE | 9.27 | ||
| P/S | 3.07 | ||
| P/FCF | 10.31 | ||
| P/OCF | 8.85 | ||
| P/B | 1.01 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.85
EY9.42%
EPS(NY)3.26
Fwd EY10.78%
FCF(TTM)2.94
FCFY9.7%
OCF(TTM)3.42
OCFY11.3%
SpS9.86
BVpS29.92
TBVpS21.87
PEG (NY)3.13
PEG (5Y)0.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9.5% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 28.82% | ||
| GM | N/A | ||
| FCFM | 29.76% |
ROA(3y)1.1%
ROA(5y)1.05%
ROE(3y)10.32%
ROE(5y)9.67%
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 3Y0.45%
PM growth 5Y8.73%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.06 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 144.23% | ||
| Cap/Sales | 4.89% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 103.29% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC13.27%
ROIC/WACCN/A
Cap/Depr(3y)106.92%
Cap/Depr(5y)93.74%
Cap/Sales(3y)3.63%
Cap/Sales(5y)3.38%
Profit Quality(3y)105.66%
Profit Quality(5y)101.67%
High Growth Momentum
Growth
EPS 1Y (TTM)2.89%
EPS 3Y2.9%
EPS 5Y14.42%
EPS Q2Q%0%
EPS Next Y3.39%
EPS Next 2Y7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.32%
Revenue growth 3Y3.01%
Revenue growth 5Y4.86%
Sales Q2Q%3.5%
Revenue Next Year13.79%
Revenue Next 2Y13.58%
Revenue Next 3YN/A
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 1Y10.04%
FCF growth 3Y-8.53%
FCF growth 5Y16.59%
OCF growth 1Y10.48%
OCF growth 3Y-4.69%
OCF growth 5Y11.74%