BANK OF HAWAII CORP (BOH) Stock Fundamental Analysis
NYSE:BOH - New York Stock Exchange, Inc. - US0625401098 - Common Stock - Currency: USD
Taking everything into account, BOH scores 4 out of 10 in our fundamental rating. BOH was compared to 392 industry peers in the Banks industry. The financial health of BOH is average, but there are quite some concerns on its profitability. BOH is valied quite expensively at the moment, while it does show a decent growth rate. Finally BOH also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BOH had positive earnings in the past year.
BOH had a positive operating cash flow in the past year.
In the past 5 years BOH has always been profitable.
BOH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.64%, BOH is not doing good in the industry: 65.31% of the companies in the same industry are doing better.
The Return On Equity of BOH (8.71%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 8.71% | ||
| ROIC | N/A |
ROA(3y)0.73%
ROA(5y)0.81%
ROE(3y)12.11%
ROE(5y)12.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BOH (22.66%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BOH has declined.
The Operating Margin and Gross Margin are not available for BOH so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 22.66% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.9%
PM growth 5Y-8.32%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BOH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BOH has about the same amount of shares outstanding.
The number of shares outstanding for BOH has been reduced compared to 5 years ago.
Compared to 1 year ago, BOH has an improved debt to assets ratio.
2.2 Solvency
BOH has a debt to FCF ratio of 0.37. This is a very positive value and a sign of high solvency as it would only need 0.37 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.37, BOH belongs to the top of the industry, outperforming 83.16% of the companies in the same industry.
BOH has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BOH (0.03) is better than 83.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.37 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.5%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
BOH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.39%, which is quite good.
Measured over the past years, BOH shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.82% on average per year.
Looking at the last year, BOH shows a small growth in Revenue. The Revenue has grown by 4.34% in the last year.
The Revenue has been decreasing by -1.26% on average over the past years.
EPS 1Y (TTM)13.39%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%23.26%
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%11.18%
3.2 Future
Based on estimates for the next years, BOH will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.52% on average per year.
The Revenue is expected to grow by 9.88% on average over the next years. This is quite good.
EPS Next Y28.43%
EPS Next 2Y21.72%
EPS Next 3Y17.52%
EPS Next 5YN/A
Revenue Next Year11.82%
Revenue Next 2Y9.88%
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
A Price/Earnings ratio of 16.60 indicates a correct valuation of BOH.
BOH's Price/Earnings ratio is a bit more expensive when compared to the industry. BOH is more expensive than 73.98% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.48, BOH is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 12.16, the valuation of BOH can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BOH indicates a slightly more expensive valuation: BOH is more expensive than 67.35% of the companies listed in the same industry.
BOH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 12.16 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BOH is valued a bit more expensive than 64.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.2 | ||
| 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.
A more expensive valuation may be justified as BOH's earnings are expected to grow with 17.52% in the coming years.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y21.72%
EPS Next 3Y17.52%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.48%, BOH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.50, BOH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, BOH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
5.2 History
The dividend of BOH has a limited annual growth rate of 3.83%.
BOH has paid a dividend for at least 10 years, which is a reliable track record.
BOH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.83%
Div Incr Years1
Div Non Decr Years34
5.3 Sustainability
BOH pays out 86.84% of its income as dividend. This is not a sustainable payout ratio.
BOH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP86.84%
EPS Next 2Y21.72%
EPS Next 3Y17.52%
63.26
+0.98 (+1.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.19%
Inst Owner Change-0.75%
Ins Owners1%
Ins Owner Change-1.94%
Market Cap2.52B
Analysts49.23
Price Target71.81 (13.52%)
Short Float %11.26%
Short Ratio12.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
Yearly Dividend3.14
Dividend Growth(5Y)3.83%
DP86.84%
Div Incr Years1
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.8%
Min EPS beat(2)-0.24%
Max EPS beat(2)7.83%
EPS beat(4)3
Avg EPS beat(4)5.02%
Min EPS beat(4)-0.24%
Max EPS beat(4)11.75%
EPS beat(8)3
Avg EPS beat(8)-2.07%
EPS beat(12)5
Avg EPS beat(12)-1.7%
EPS beat(16)9
Avg EPS beat(16)1.15%
Revenue beat(2)0
Avg Revenue beat(2)-1.85%
Min Revenue beat(2)-3.08%
Max Revenue beat(2)-0.62%
Revenue beat(4)1
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-3.08%
Max Revenue beat(4)0.85%
Revenue beat(8)2
Avg Revenue beat(8)-0.81%
Revenue beat(12)2
Avg Revenue beat(12)-1.68%
Revenue beat(16)2
Avg Revenue beat(16)-1.48%
PT rev (1m)1.39%
PT rev (3m)4.08%
EPS NQ rev (1m)1.41%
EPS NQ rev (3m)0.79%
EPS NY rev (1m)1.13%
EPS NY rev (3m)10.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 12.16 | ||
| P/S | 3.75 | ||
| P/FCF | 16.2 | ||
| P/OCF | 14.44 | ||
| P/B | 1.44 | ||
| P/tB | 1.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.81
EY6.02%
EPS(NY)5.2
Fwd EY8.22%
FCF(TTM)3.9
FCFY6.17%
OCF(TTM)4.38
OCFY6.93%
SpS16.85
BVpS43.83
TBVpS42.58
PEG (NY)0.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 8.71% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.66% | ||
| GM | N/A | ||
| FCFM | 23.17% |
ROA(3y)0.73%
ROA(5y)0.81%
ROE(3y)12.11%
ROE(5y)12.61%
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-16.9%
PM growth 5Y-8.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 62.42% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 102.24% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC16.5%
ROIC/WACCN/A
Cap/Depr(3y)64.59%
Cap/Depr(5y)92.96%
Cap/Sales(3y)2.35%
Cap/Sales(5y)3.06%
Profit Quality(3y)116.23%
Profit Quality(5y)112.79%
High Growth Momentum
Growth
EPS 1Y (TTM)13.39%
EPS 3Y-17.5%
EPS 5Y-8.82%
EPS Q2Q%23.26%
EPS Next Y28.43%
EPS Next 2Y21.72%
EPS Next 3Y17.52%
EPS Next 5YN/A
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-1.5%
Revenue growth 5Y-1.26%
Sales Q2Q%11.18%
Revenue Next Year11.82%
Revenue Next 2Y9.88%
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 1Y15.21%
FCF growth 3Y-21.94%
FCF growth 5Y-1.31%
OCF growth 1Y12.23%
OCF growth 3Y-22.08%
OCF growth 5Y-5.29%