BANK OF MARIN BANCORP/CA (BMRC) Stock Fundamental Analysis
NASDAQ:BMRC - Nasdaq - US0634251021 - Common Stock - Currency: USD
Overall BMRC gets a fundamental rating of 4 out of 10. We evaluated BMRC against 396 industry peers in the Banks industry. BMRC scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BMRC has a decent growth rate and is not valued too expensively. BMRC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year BMRC was profitable.
In the past year BMRC had a positive cash flow from operations.
Of the past 5 years BMRC 4 years were profitable.
BMRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BMRC's Return On Assets of -0.17% is on the low side compared to the rest of the industry. BMRC is outperformed by 92.42% of its industry peers.
With a Return On Equity value of -1.47%, BMRC is not doing good in the industry: 92.68% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.17% | ||
| ROE | -1.47% | ||
| ROIC | N/A |
ROA(3y)0.47%
ROA(5y)0.65%
ROE(3y)4.64%
ROE(5y)5.94%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for BMRC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BMRC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BMRC has less shares outstanding
Compared to 5 years ago, BMRC has more shares outstanding
BMRC has a better debt/assets ratio than last year.
2.2 Solvency
BMRC has a debt to FCF ratio of 0.00. This is a very positive value and a sign of high solvency as it would only need 0.00 years to pay back of all of its debts.
BMRC has a Debt to FCF ratio of 0.00. This is amongst the best in the industry. BMRC outperforms 90.91% of its industry peers.
BMRC has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.00, BMRC belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.31%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
BMRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.89%, which is quite impressive.
BMRC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.42% yearly.
BMRC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.61%.
BMRC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.90% yearly.
EPS 1Y (TTM)22.89%
EPS 3Y-29.7%
EPS 5Y-18.42%
EPS Q2Q%66.67%
Revenue 1Y (TTM)-24.61%
Revenue growth 3Y-13.96%
Revenue growth 5Y-6.9%
Sales Q2Q%9.92%
3.2 Future
The Earnings Per Share is expected to grow by 40.56% on average over the next years. This is a very strong growth
BMRC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.01% yearly.
EPS Next Y62.84%
EPS Next 2Y40.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year18.93%
Revenue Next 2Y14.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.43, the valuation of BMRC can be described as rather expensive.
81.57% of the companies in the same industry are cheaper than BMRC, based on the Price/Earnings ratio.
BMRC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.29, the valuation of BMRC can be described as correct.
Based on the Price/Forward Earnings ratio, BMRC is valued a bit more expensive than 69.95% of the companies in the same industry.
BMRC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 12.29 |
4.2 Price Multiples
BMRC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.53 | ||
| 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.
BMRC's earnings are expected to grow with 40.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y40.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BMRC has a Yearly Dividend Yield of 4.65%, which is a nice return.
Compared to an average industry Dividend Yield of 3.51, BMRC pays a better dividend. On top of this BMRC pays more dividend than 83.84% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, BMRC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
The dividend of BMRC has a limited annual growth rate of 4.66%.
BMRC has been paying a dividend for at least 10 years, so it has a reliable track record.
BMRC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.66%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
BMRC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of BMRC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-250.66%
EPS Next 2Y40.56%
EPS Next 3YN/A
21.86
-0.63 (-2.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners59.2%
Inst Owner Change4.09%
Ins Owners8.41%
Ins Owner Change14.32%
Market Cap354.57M
Analysts81.67
Price Target24.89 (13.86%)
Short Float %3.44%
Short Ratio5.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
Yearly Dividend1
Dividend Growth(5Y)4.66%
DP-250.66%
Div Incr Years0
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.18%
Min EPS beat(2)-6.63%
Max EPS beat(2)14.98%
EPS beat(4)2
Avg EPS beat(4)-13.62%
Min EPS beat(4)-66.42%
Max EPS beat(4)14.98%
EPS beat(8)3
Avg EPS beat(8)-26.07%
EPS beat(12)5
Avg EPS beat(12)-18.02%
EPS beat(16)8
Avg EPS beat(16)-3.57%
Revenue beat(2)0
Avg Revenue beat(2)-5.79%
Min Revenue beat(2)-6.4%
Max Revenue beat(2)-5.18%
Revenue beat(4)0
Avg Revenue beat(4)-4.9%
Min Revenue beat(4)-6.4%
Max Revenue beat(4)-3.52%
Revenue beat(8)0
Avg Revenue beat(8)-6.23%
Revenue beat(12)3
Avg Revenue beat(12)-2.57%
Revenue beat(16)7
Avg Revenue beat(16)0.08%
PT rev (1m)0%
PT rev (3m)-14.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.35%
EPS NY rev (1m)-5.12%
EPS NY rev (3m)-5.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 12.29 | ||
| P/S | 4.69 | ||
| P/FCF | 12.53 | ||
| P/OCF | 12.24 | ||
| P/B | 0.81 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.02
EY4.67%
EPS(NY)1.78
Fwd EY8.13%
FCF(TTM)1.74
FCFY7.98%
OCF(TTM)1.79
OCFY8.17%
SpS4.67
BVpS27.1
TBVpS22.46
PEG (NY)0.34
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.17% | ||
| ROE | -1.47% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 37.4% |
ROA(3y)0.47%
ROA(5y)0.65%
ROE(3y)4.64%
ROE(5y)5.94%
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 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 28.63% | ||
| Cap/Sales | 0.89% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC18.31%
ROIC/WACCN/A
Cap/Depr(3y)46.73%
Cap/Depr(5y)41.79%
Cap/Sales(3y)1.32%
Cap/Sales(5y)1.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.89%
EPS 3Y-29.7%
EPS 5Y-18.42%
EPS Q2Q%66.67%
EPS Next Y62.84%
EPS Next 2Y40.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.61%
Revenue growth 3Y-13.96%
Revenue growth 5Y-6.9%
Sales Q2Q%9.92%
Revenue Next Year18.93%
Revenue Next 2Y14.01%
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 1Y-47.26%
FCF growth 3Y-14.28%
FCF growth 5Y-7.17%
OCF growth 1Y-49.38%
OCF growth 3Y-14.42%
OCF growth 5Y-7.07%