BANK OF MARIN BANCORP/CA (BMRC) Stock Fundamental Analysis
NASDAQ:BMRC - Nasdaq - US0634251021 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to BMRC. BMRC was compared to 394 industry peers in the Banks industry. The financial health of BMRC is average, but there are quite some concerns on its profitability. BMRC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BMRC had positive earnings in the past year.
BMRC had a positive operating cash flow in the past year.
BMRC had positive earnings in 4 of the past 5 years.
In the past 5 years BMRC always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.17%, BMRC is doing worse than 92.39% of the companies in the same industry.
BMRC has a worse Return On Equity (-1.47%) than 92.64% of its industry peers.
| 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
BMRC does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
| 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.
The number of shares outstanding for BMRC has been reduced compared to 1 year ago.
The number of shares outstanding for BMRC has been increased compared to 5 years ago.
The debt/assets ratio for BMRC has been reduced compared to a year ago.
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.
Looking at the Debt to FCF ratio, with a value of 0.00, BMRC belongs to the top of the industry, outperforming 90.86% of the companies in the same industry.
BMRC has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
BMRC has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. BMRC outperforms 88.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC17.14%
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.
Measured over the past years, BMRC shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.42% on average per year.
The Revenue for BMRC has decreased by -24.61% in the past year. This is quite bad
Measured over the past years, BMRC shows a decrease in Revenue. The Revenue has been decreasing by -6.90% on average per year.
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
Based on estimates for the next years, BMRC will show a very strong growth in Earnings Per Share. The EPS will grow by 44.69% on average per year.
BMRC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.56% yearly.
EPS Next Y68%
EPS Next 2Y44.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.56%
Revenue Next 2Y11.56%
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
With a Price/Earnings ratio of 24.83, BMRC is valued on the expensive side.
83.50% 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 27.41, which is the current average of the S&P500 Index.
BMRC is valuated correctly with a Price/Forward Earnings ratio of 13.44.
Based on the Price/Forward Earnings ratio, BMRC is valued a bit more expensive than the industry average as 70.30% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, BMRC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | 13.44 |
4.2 Price Multiples
BMRC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.52 | ||
| 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 44.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y44.69%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BMRC has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.31, BMRC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, BMRC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.66%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
The earnings of BMRC are negative and hence is the payout ratio. BMRC will probably not be able to sustain this dividend level.
The dividend of BMRC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-250.66%
EPS Next 2Y44.69%
EPS Next 3YN/A
25.33
-0.5 (-1.94%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners60.98%
Inst Owner Change-0.02%
Ins Owners8.88%
Ins Owner Change13.78%
Market Cap410.85M
Analysts81.67
Price Target24.89 (-1.74%)
Short Float %3.97%
Short Ratio5.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
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)-14.08%
EPS NQ rev (1m)-0.53%
EPS NQ rev (3m)-4.32%
EPS NY rev (1m)3.17%
EPS NY rev (3m)-2.52%
Revenue NQ rev (1m)-6.32%
Revenue NQ rev (3m)-2.1%
Revenue NY rev (1m)-5.36%
Revenue NY rev (3m)-1.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | 13.44 | ||
| P/S | 5.43 | ||
| P/FCF | 14.52 | ||
| P/OCF | 14.18 | ||
| P/B | 0.93 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.02
EY4.03%
EPS(NY)1.88
Fwd EY7.44%
FCF(TTM)1.74
FCFY6.89%
OCF(TTM)1.79
OCFY7.05%
SpS4.67
BVpS27.1
TBVpS22.46
PEG (NY)0.37
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
WACC17.14%
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 Y68%
EPS Next 2Y44.69%
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 Year12.56%
Revenue Next 2Y11.56%
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%