CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to CAC. CAC was compared to 393 industry peers in the Banks industry. Both the profitability and financial health of CAC have multiple concerns. 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
CAC had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 0.68%, CAC is doing worse than 63.36% of the companies in the same industry.
CAC has a Return On Equity (7.35%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 7.35% | ||
| 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
CAC has a Profit Margin (24.08%) which is comparable to the rest of the industry.
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) | 24.08% | ||
| 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.
CAC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CAC has been reduced compared to 5 years ago.
CAC has a better debt/assets ratio than last year.
2.2 Solvency
CAC has a debt to FCF ratio of 8.12. This is a slightly negative value and a sign of low solvency as CAC would need 8.12 years to pay back of all of its debts.
CAC's Debt to FCF ratio of 8.12 is on the low side compared to the rest of the industry. CAC is outperformed by 76.34% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that CAC is not too dependend on debt financing.
CAC has a Debt to Equity ratio of 0.47. This is in the lower half of the industry: CAC underperforms 77.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 8.12 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.63%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.28% over the past year.
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)28.28%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%9.88%
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%45.42%
3.2 Future
The Earnings Per Share is expected to grow by 17.96% on average over the next years. This is quite good.
Based on estimates for the next years, CAC will show a very strong growth in Revenue. The Revenue will grow by 22.01% on average per year.
EPS Next Y22.31%
EPS Next 2Y17.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year41.39%
Revenue Next 2Y22.01%
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.
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
Based on the Price/Earnings ratio of 9.77, the valuation of CAC can be described as reasonable.
CAC's Price/Earnings ratio is rather cheap when compared to the industry. CAC is cheaper than 82.19% of the companies in the same industry.
CAC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.91.
CAC is valuated cheaply with a Price/Forward Earnings ratio of 7.25.
Based on the Price/Forward Earnings ratio, CAC is valued cheaper than 87.53% of the companies in the same industry.
CAC is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 7.25 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CAC is valued a bit more expensive than the industry average as 66.92% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.82 | ||
| 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.
CAC's earnings are expected to grow with 17.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y17.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CAC has a Yearly Dividend Yield of 4.05%, which is a nice return.
Compared to an average industry Dividend Yield of 3.39, CAC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, CAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
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 Years0
Div Non Decr Years16
5.3 Sustainability
54.23% of the earnings are spent on dividend by CAC. This is a bit on the high side, but may be sustainable.
CAC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP54.23%
EPS Next 2Y17.96%
EPS Next 3YN/A
37.23
-4.23 (-10.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.47%
Inst Owner Change-0.07%
Ins Owners1.96%
Ins Owner Change5.72%
Market Cap629.19M
Analysts72.5
Price Target49.22 (32.21%)
Short Float %2.84%
Short Ratio8.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend1.69
Dividend Growth(5Y)6.82%
DP54.23%
Div Incr Years0
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.34%
Min EPS beat(2)-4.56%
Max EPS beat(2)15.23%
EPS beat(4)3
Avg EPS beat(4)9.18%
Min EPS beat(4)-4.56%
Max EPS beat(4)15.23%
EPS beat(8)5
Avg EPS beat(8)3.84%
EPS beat(12)5
Avg EPS beat(12)0.65%
EPS beat(16)8
Avg EPS beat(16)1.34%
Revenue beat(2)2
Avg Revenue beat(2)3.52%
Min Revenue beat(2)2.91%
Max Revenue beat(2)4.13%
Revenue beat(4)4
Avg Revenue beat(4)2.54%
Min Revenue beat(4)1.45%
Max Revenue beat(4)4.13%
Revenue beat(8)6
Avg Revenue beat(8)6.38%
Revenue beat(12)7
Avg Revenue beat(12)3.44%
Revenue beat(16)9
Avg Revenue beat(16)2.54%
PT rev (1m)0%
PT rev (3m)-3.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.33%
EPS NY rev (1m)0%
EPS NY rev (3m)2%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)4.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 7.25 | ||
| P/S | 3.22 | ||
| P/FCF | 16.82 | ||
| P/OCF | 14.23 | ||
| P/B | 0.98 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.81
EY10.23%
EPS(NY)5.13
Fwd EY13.79%
FCF(TTM)2.21
FCFY5.95%
OCF(TTM)2.62
OCFY7.03%
SpS11.57
BVpS37.87
TBVpS25.99
PEG (NY)0.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 7.35% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.08% | ||
| GM | N/A | ||
| FCFM | 19.14% |
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-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 8.12 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 115.18% | ||
| Cap/Sales | 3.48% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 79.51% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC13.63%
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)28.28%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%9.88%
EPS Next Y22.31%
EPS Next 2Y17.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.39%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%45.42%
Revenue Next Year41.39%
Revenue Next 2Y22.01%
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-49.84%
FCF growth 3Y-26.74%
FCF growth 5Y14.12%
OCF growth 1Y-42.51%
OCF growth 3Y-24.7%
OCF growth 5Y13.12%