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CAMDEN NATIONAL CORP (CAC) Stock Fundamental Analysis

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

43.34  +0.75 (+1.76%)

After market: 43.34 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CAC. CAC was compared to 395 industry peers in the Banks industry. Both the profitability and financial health of CAC have multiple concerns. CAC is not overvalued while it is showing excellent growth. This is an interesting combination. Finally CAC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year CAC was profitable.
In the past year CAC had a positive cash flow from operations.
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

CAC has a Return On Assets of 0.68%. This is in the lower half of the industry: CAC underperforms 63.54% of its industry peers.
With a Return On Equity value of 7.35%, CAC perfoms like the industry average, outperforming 41.77% of the companies in the same 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 in line with its industry peers.
CAC's Profit Margin has declined in the last couple of years.
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

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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.
Compared to 5 years ago, CAC has less shares outstanding
Compared to 1 year ago, CAC has an improved debt to assets ratio.
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 has a Debt to FCF ratio of 8.12. This is in the lower half of the industry: CAC underperforms 76.46% of its industry peers.
CAC has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CAC (0.47) is worse than 77.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 8.12
Altman-Z N/A
ROIC/WACCN/A
WACC13.8%
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

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7

3. Growth

3.1 Past

CAC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.92%, which is quite impressive.
Looking at the last year, CAC shows a very strong growth in Revenue. The Revenue has grown by 21.59%.
Measured over the past years, CAC shows a small growth in Revenue. The Revenue has been growing by 0.84% on average per year.
EPS 1Y (TTM)23.92%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%4.4%
Revenue 1Y (TTM)21.59%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%-14.82%

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 17.96% yearly.
The Revenue is expected to grow by 22.01% on average over the next years. This is a very strong growth
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

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.62, the valuation of CAC can be described as reasonable.
Based on the Price/Earnings ratio, CAC is valued a bit cheaper than the industry average as 68.10% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.45, CAC is valued rather cheaply.
The Price/Forward Earnings ratio is 8.44, which indicates a very decent valuation of CAC.
Based on the Price/Forward Earnings ratio, CAC is valued cheaper than 80.25% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CAC to the average of the S&P500 Index (21.90), we can say CAC is valued rather cheaply.
Industry RankSector Rank
PE 11.62
Fwd PE 8.44
CAC Price Earnings VS Forward Price EarningsCAC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of CAC indicates a slightly more expensive valuation: CAC is more expensive than 72.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 19.58
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.
A more expensive valuation may be justified as CAC's earnings are expected to grow with 17.96% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y17.96%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

CAC has a Yearly Dividend Yield of 4.15%, which is a nice return.
CAC's Dividend Yield is a higher than the industry average which is at 3.47.
Compared to an average S&P500 Dividend Yield of 2.42, CAC pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

The dividend of CAC is nicely growing with an annual growth rate of 6.82%!
CAC has paid a dividend for at least 10 years, which is a reliable track record.
CAC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

CAC pays out 54.23% of its income as dividend. 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

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CAMDEN NATIONAL CORP

NASDAQ:CAC (7/3/2025, 7:06:40 PM)

After market: 43.34 0 (0%)

43.34

+0.75 (+1.76%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)05-06 2025-05-06/bmo
Earnings (Next)07-28 2025-07-28/bmo
Inst Owners73.47%
Inst Owner Change6.54%
Ins Owners1.96%
Ins Owner Change5.74%
Market Cap732.45M
Analysts72.5
Price Target49.22 (13.57%)
Short Float %3.14%
Short Ratio8.88
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend1.69
Dividend Growth(5Y)6.82%
DP54.23%
Div Incr Years0
Div Non Decr Years16
Ex-Date04-15 2025-04-15 (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)-3.5%
PT rev (3m)-4.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.12%
EPS NY rev (1m)0%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 11.62
Fwd PE 8.44
P/S 3.75
P/FCF 19.58
P/OCF 16.57
P/B 1.14
P/tB 1.67
EV/EBITDA N/A
EPS(TTM)3.73
EY8.61%
EPS(NY)5.13
Fwd EY11.85%
FCF(TTM)2.21
FCFY5.11%
OCF(TTM)2.62
OCFY6.04%
SpS11.57
BVpS37.87
TBVpS25.99
PEG (NY)0.52
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
WACC13.8%
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)23.92%
EPS 3Y-7.08%
EPS 5Y0%
EPS Q2Q%4.4%
EPS Next Y22.31%
EPS Next 2Y17.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)21.59%
Revenue growth 3Y-1.83%
Revenue growth 5Y0.84%
Sales Q2Q%-14.82%
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%