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CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis

NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD

37.23  -4.23 (-10.2%)

After market: 37.2 -0.03 (-0.08%)

Fundamental Rating

4

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.


Dividend Valuation Growth Profitability Health

3

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.
CAC Yearly Net Income VS EBIT VS OCF VS FCFCAC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

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 RankSector 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
CAC Yearly ROA, ROE, ROICCAC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

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 RankSector 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
CAC Yearly Profit, Operating, Gross MarginsCAC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

2

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.
CAC Yearly Shares OutstandingCAC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
CAC Yearly Total Debt VS Total AssetsCAC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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 RankSector Rank
Debt/Equity 0.47
Debt/FCF 8.12
Altman-Z N/A
ROIC/WACCN/A
WACC13.63%
CAC Yearly LT Debt VS Equity VS FCFCAC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CAC Yearly Current Assets VS Current LiabilitesCAC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

7

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.
CAC Yearly Revenue VS EstimatesCAC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
CAC Yearly EPS VS EstimatesCAC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

6

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 RankSector Rank
PE 9.77
Fwd PE 7.25
CAC Price Earnings VS Forward Price EarningsCAC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 RankSector Rank
P/FCF 16.82
EV/EBITDA N/A
CAC Per share dataCAC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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

8

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 RankSector 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
CAC Yearly Dividends per shareCAC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

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
CAC Yearly Income VS Free CF VS DividendCAC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
CAC Dividend Payout.CAC Dividend Payout, showing the Payout Ratio.CAC Dividend Payout.PayoutRetained Earnings

CAMDEN NATIONAL CORP

NASDAQ:CAC (7/29/2025, 8:00:01 PM)

After market: 37.2 -0.03 (-0.08%)

37.23

-4.23 (-10.2%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-29 2025-07-29/bmo
Earnings (Next)10-27 2025-10-27/bmo
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 RankSector Rank
Dividend Yield 4.05%
Yearly Dividend1.69
Dividend Growth(5Y)6.82%
DP54.23%
Div Incr Years0
Div Non Decr Years16
Ex-Date07-15 2025-07-15 (0.42)
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 RankSector 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 RankSector 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 RankSector 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%