CENTRAL PACIFIC FINANCIAL CO (CPF)
US1547604090 - Common Stock
We assign a fundamental rating of 4 out of 10 to CPF. CPF was compared to 411 industry peers in the Banks industry. While CPF seems to be doing ok healthwise, there are quite some concerns on its profitability. CPF is valued correctly, but it does not seem to be growing. CPF also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CPF had positive earnings in the past year.
In the past year CPF had a positive cash flow from operations.
CPF had positive earnings in each of the past 5 years.
Each year in the past 5 years CPF had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.77%, CPF perfoms like the industry average, outperforming 42.82% of the companies in the same industry.
CPF has a Return On Equity of 11.64%. This is in the better half of the industry: CPF outperforms 77.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 11.64% | ||
| ROIC | N/A |
ROA(3y)0.95%
ROA(5y)0.87%
ROE(3y)14.09%
ROE(5y)12.03%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 22.86%, CPF is in line with its industry, outperforming 44.28% of the companies in the same industry.
CPF's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for CPF so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 22.86% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y15.14%
PM growth 5Y-3.87%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CPF does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CPF remains at a similar level compared to 1 year ago.
CPF has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CPF has an improved debt to assets ratio.
2.2 Solvency
CPF has a debt to FCF ratio of 1.69. This is a very positive value and a sign of high solvency as it would only need 1.69 years to pay back of all of its debts.
The Debt to FCF ratio of CPF (1.69) is better than 63.50% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that CPF is not too dependend on debt financing.
CPF has a Debt to Equity ratio of 0.31. This is in the lower half of the industry: CPF underperforms 61.07% of its industry peers.
Although CPF does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.69 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.38%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CPF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.22%.
Measured over the past 5 years, CPF shows a small growth in Earnings Per Share. The EPS has been growing by 1.44% on average per year.
Looking at the last year, CPF shows a decrease in Revenue. The Revenue has decreased by -2.59% in the last year.
Measured over the past years, CPF shows a small growth in Revenue. The Revenue has been growing by 3.73% on average per year.
EPS 1Y (TTM)-16.22%
EPS 3Y18.32%
EPS 5Y1.44%
EPS growth Q2Q-25.68%
Revenue 1Y (TTM)-2.59%
Revenue growth 3Y1%
Revenue growth 5Y3.73%
Revenue growth Q2Q-2.32%
3.2 Future
The Earnings Per Share is expected to grow by 1.76% on average over the next years.
CPF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.59% yearly.
EPS Next Y-8.08%
EPS Next 2Y1.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.95%
Revenue Next 2Y0.59%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CPF is valuated reasonably with a Price/Earnings ratio of 9.57.
Compared to the rest of the industry, the Price/Earnings ratio of CPF is on the same level as its industry peers.
CPF is valuated cheaply when we compare the Price/Earnings ratio to 25.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.41 indicates a reasonable valuation of CPF.
CPF's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.63. CPF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 10.41 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CPF is valued a bit cheaper than the industry average as 79.81% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.07 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.63
EPS Next 2Y1.76%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.21%, CPF is a good candidate for dividend investing.
CPF's Dividend Yield is rather good when compared to the industry average which is at 3.86. CPF pays more dividend than 83.70% of the companies in the same industry.
CPF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
5.2 History
The dividend of CPF has a limited annual growth rate of 4.95%.
CPF has paid a dividend for at least 10 years, which is a reliable track record.
CPF has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.95%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
CPF pays out 47.92% of its income as dividend. This is a bit on the high side, but may be sustainable.
CPF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP47.92%
EPS Next 2Y1.76%
EPS Next 3YN/A
CENTRAL PACIFIC FINANCIAL CO
NYSE:CPF (4/25/2024, 7:04:00 PM)
After market: 20.76 0 (0%)20.76
+0.81 (+4.06%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap561.56M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.21% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 10.41 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)6.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 11.64% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 22.86% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-16.22%
EPS 3Y18.32%
EPS 5Y
EPS growth Q2Q
EPS Next Y-8.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.59%
Revenue growth 3Y1%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y