CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
Taking everything into account, CAC scores 5 out of 10 in our fundamental rating. CAC was compared to 397 industry peers in the Banks industry. CAC has a medium profitability rating, but doesn't score so well on its financial health evaluation. CAC is growing strongly while it is still valued neutral. This is a good combination! CAC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CAC was profitable.
CAC had a positive operating cash flow in the past year.
CAC had positive earnings in each of the past 5 years.
Each year in the past 5 years CAC had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 0.91%, CAC is doing good in the industry, outperforming 60.55% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.98%, CAC is in the better half of the industry, outperforming 66.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.98% | ||
| ROIC | N/A |
ROA(3y)0.92%
ROA(5y)1.04%
ROE(3y)10.77%
ROE(5y)11.24%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CAC (29.94%) is better than 82.41% of its industry peers.
In the last couple of years the Profit Margin of CAC has declined.
CAC 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) | 29.94% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.62%
PM growth 5Y-2.31%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CAC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CAC remains at a similar level compared to 1 year ago.
CAC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CAC has an improved debt to assets ratio.
2.2 Solvency
CAC has a debt to FCF ratio of 3.97. This is a good value and a sign of high solvency as CAC would need 3.97 years to pay back of all of its debts.
With a Debt to FCF ratio value of 3.97, CAC is not doing good in the industry: 66.83% of the companies in the same industry are doing better.
CAC has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.41, CAC is not doing good in the industry: 75.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.25%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CAC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.24%, which is quite impressive.
The Revenue has grown by 8.39% in the past year. This is quite good.
CAC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.84% yearly.
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%22.95%
3.2 Future
CAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.12% yearly.
Based on estimates for the next years, CAC will show a very strong growth in Revenue. The Revenue will grow by 21.02% on average per year.
EPS Next Y19.91%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year37.15%
Revenue Next 2Y21.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 10.73 indicates a reasonable valuation of CAC.
CAC's Price/Earnings ratio is a bit cheaper when compared to the industry. CAC is cheaper than 67.09% of the companies in the same industry.
CAC is valuated cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
CAC is valuated reasonably with a Price/Forward Earnings ratio of 8.95.
CAC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CAC is cheaper than 65.33% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CAC to the average of the S&P500 Index (20.81), we can say CAC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 8.95 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CAC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.08 | ||
| 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 CAC's earnings are expected to grow with 17.12% in the coming years.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y17.12%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.35%, CAC is a good candidate for dividend investing.
CAC's Dividend Yield is a higher than the industry average which is at 3.50.
CAC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
5.2 History
On average, the dividend of CAC grows each year by 6.82%, which is quite nice.
CAC has been paying a dividend for at least 10 years, so it has a reliable track record.
CAC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.82%
Div Incr Years11
Div Non Decr Years16
5.3 Sustainability
46.34% of the earnings are spent on dividend by CAC. This is a bit on the high side, but may be sustainable.
The dividend of CAC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP46.34%
EPS Next 2Y17.12%
EPS Next 3YN/A
39.59
+0.93 (+2.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners68.52%
Inst Owner Change-0.17%
Ins Owners1.8%
Ins Owner Change4.48%
Market Cap668.68M
Analysts72.5
Price Target51 (28.82%)
Short Float %3.24%
Short Ratio5.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
Yearly Dividend1.69
Dividend Growth(5Y)6.82%
DP46.34%
Div Incr Years11
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.85%
Min EPS beat(2)12.47%
Max EPS beat(2)15.23%
EPS beat(4)4
Avg EPS beat(4)17.28%
Min EPS beat(4)12.47%
Max EPS beat(4)27.85%
EPS beat(8)5
Avg EPS beat(8)3.92%
EPS beat(12)6
Avg EPS beat(12)1.87%
EPS beat(16)9
Avg EPS beat(16)3.42%
Revenue beat(2)2
Avg Revenue beat(2)2.79%
Min Revenue beat(2)1.45%
Max Revenue beat(2)4.13%
Revenue beat(4)4
Avg Revenue beat(4)18.47%
Min Revenue beat(4)1.45%
Max Revenue beat(4)66.66%
Revenue beat(8)5
Avg Revenue beat(8)5.76%
Revenue beat(12)6
Avg Revenue beat(12)3.09%
Revenue beat(16)9
Avg Revenue beat(16)2.55%
PT rev (1m)-1.48%
PT rev (3m)2.56%
EPS NQ rev (1m)0.46%
EPS NQ rev (3m)13.37%
EPS NY rev (1m)0.46%
EPS NY rev (3m)5.31%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)13.87%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)3.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 8.95 | ||
| P/S | 3.78 | ||
| P/FCF | 12.08 | ||
| P/OCF | 10.97 | ||
| P/B | 1.26 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.69
EY9.32%
EPS(NY)4.42
Fwd EY11.18%
FCF(TTM)3.28
FCFY8.28%
OCF(TTM)3.61
OCFY9.11%
SpS10.48
BVpS31.45
TBVpS25.82
PEG (NY)0.54
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.98% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 29.94% | ||
| GM | N/A | ||
| FCFM | 31.28% |
ROA(3y)0.92%
ROA(5y)1.04%
ROE(3y)10.77%
ROE(5y)11.24%
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-6.62%
PM growth 5Y-2.31%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 144.23% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 104.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC13.25%
ROIC/WACCN/A
Cap/Depr(3y)88.02%
Cap/Depr(5y)74.34%
Cap/Sales(3y)1.97%
Cap/Sales(5y)1.7%
Profit Quality(3y)140.75%
Profit Quality(5y)130.54%
High Growth Momentum
Growth
EPS 1Y (TTM)24.24%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%77.59%
EPS Next Y19.91%
EPS Next 2Y17.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%22.95%
Revenue Next Year37.15%
Revenue Next 2Y21.02%
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-14.69%
FCF growth 3Y-26.74%
FCF growth 5Y14.12%
OCF growth 1Y-9.74%
OCF growth 3Y-24.7%
OCF growth 5Y13.12%