COMMUNITY TRUST BANCORP INC (CTBI) Stock Fundamental Analysis
NASDAQ:CTBI - Nasdaq - US2041491083 - Common Stock - Currency: USD
Overall CTBI gets a fundamental rating of 4 out of 10. We evaluated CTBI against 395 industry peers in the Banks industry. There are concerns on the financial health of CTBI while its profitability can be described as average. CTBI has a correct valuation and a medium growth rate. Finally CTBI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CTBI had positive earnings in the past year.
CTBI had a positive operating cash flow in the past year.
In the past 5 years CTBI has always been profitable.
CTBI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CTBI's Return On Assets of 1.34% is amongst the best of the industry. CTBI outperforms 85.32% of its industry peers.
CTBI has a Return On Equity of 10.93%. This is in the better half of the industry: CTBI outperforms 76.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.34% | ||
| ROE | 10.93% | ||
| ROIC | N/A |
ROA(3y)1.4%
ROA(5y)1.4%
ROE(3y)11.69%
ROE(5y)11.35%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CTBI has a Profit Margin of 33.32%. This is amongst the best in the industry. CTBI outperforms 88.86% of its industry peers.
CTBI's Profit Margin has been stable in the last couple of years.
CTBI 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) | 33.32% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.37%
PM growth 5Y0.16%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CTBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
CTBI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CTBI has been increased compared to 5 years ago.
CTBI has a better debt/assets ratio than last year.
2.2 Solvency
CTBI has a debt to FCF ratio of 3.17. This is a good value and a sign of high solvency as CTBI would need 3.17 years to pay back of all of its debts.
The Debt to FCF ratio of CTBI (3.17) is worse than 63.04% of its industry peers.
A Debt/Equity ratio of 0.41 indicates that CTBI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.41, CTBI is doing worse than 75.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.17 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.93%
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 nice 11.14% over the past year.
The Earnings Per Share has been growing slightly by 5.79% on average over the past years.
CTBI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.39%.
CTBI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.96% yearly.
EPS 1Y (TTM)11.14%
EPS 3Y-2.28%
EPS 5Y5.79%
EPS Q2Q%17.31%
Revenue 1Y (TTM)10.39%
Revenue growth 3Y3.59%
Revenue growth 5Y4.96%
Sales Q2Q%12.67%
3.2 Future
The Earnings Per Share is expected to grow by 9.24% on average over the next years. This is quite good.
CTBI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.11% yearly.
EPS Next Y13.28%
EPS Next 2Y9.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.87%
Revenue Next 2Y7.11%
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
Based on the Price/Earnings ratio of 10.73, the valuation of CTBI can be described as reasonable.
66.58% of the companies in the same industry are more expensive than CTBI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CTBI to the average of the S&P500 Index (26.19), we can say CTBI is valued rather cheaply.
A Price/Forward Earnings ratio of 9.34 indicates a reasonable valuation of CTBI.
CTBI's Price/Forward Earnings ratio is in line with the industry average.
CTBI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 9.34 |
4.2 Price Multiples
CTBI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CTBI is cheaper than 62.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.59 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CTBI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.81
PEG (5Y)1.85
EPS Next 2Y9.24%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.67%, CTBI has a reasonable but not impressive dividend return.
CTBI's Dividend Yield is a higher than the industry average which is at 3.45.
CTBI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
5.2 History
The dividend of CTBI has a limited annual growth rate of 4.65%.
CTBI has been paying a dividend for at least 10 years, so it has a reliable track record.
CTBI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.65%
Div Incr Years31
Div Non Decr Years31
5.3 Sustainability
40.34% of the earnings are spent on dividend by CTBI. This is a bit on the high side, but may be sustainable.
The dividend of CTBI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.34%
EPS Next 2Y9.24%
EPS Next 3YN/A
51.4
+0.39 (+0.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners64.92%
Inst Owner Change1.58%
Ins Owners1.14%
Ins Owner Change5.1%
Market Cap930.85M
Analysts84.44
Price Target57.46 (11.79%)
Short Float %0.88%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
Yearly Dividend1.85
Dividend Growth(5Y)4.65%
DP40.34%
Div Incr Years31
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.86%
Min EPS beat(2)2.41%
Max EPS beat(2)5.32%
EPS beat(4)4
Avg EPS beat(4)3.67%
Min EPS beat(4)2.41%
Max EPS beat(4)5.32%
EPS beat(8)5
Avg EPS beat(8)1.94%
EPS beat(12)8
Avg EPS beat(12)1.93%
EPS beat(16)11
Avg EPS beat(16)4.52%
Revenue beat(2)1
Avg Revenue beat(2)0.19%
Min Revenue beat(2)-0.76%
Max Revenue beat(2)1.15%
Revenue beat(4)3
Avg Revenue beat(4)1.67%
Min Revenue beat(4)-0.76%
Max Revenue beat(4)3.76%
Revenue beat(8)4
Avg Revenue beat(8)-0.03%
Revenue beat(12)5
Avg Revenue beat(12)-0.48%
Revenue beat(16)6
Avg Revenue beat(16)-0.4%
PT rev (1m)0%
PT rev (3m)-6.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.56%
EPS NY rev (1m)0%
EPS NY rev (3m)1.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 9.34 | ||
| P/S | 3.74 | ||
| P/FCF | 9.59 | ||
| P/OCF | 8.85 | ||
| P/B | 1.23 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.79
EY9.32%
EPS(NY)5.5
Fwd EY10.7%
FCF(TTM)5.36
FCFY10.43%
OCF(TTM)5.81
OCFY11.3%
SpS13.73
BVpS41.83
TBVpS37.81
PEG (NY)0.81
PEG (5Y)1.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.34% | ||
| ROE | 10.93% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 33.32% | ||
| GM | N/A | ||
| FCFM | 39.06% |
ROA(3y)1.4%
ROA(5y)1.4%
ROE(3y)11.69%
ROE(5y)11.35%
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-5.37%
PM growth 5Y0.16%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 3.17 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 161.46% | ||
| Cap/Sales | 3.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 117.25% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC14.93%
ROIC/WACCN/A
Cap/Depr(3y)132.95%
Cap/Depr(5y)95.03%
Cap/Sales(3y)2.91%
Cap/Sales(5y)2.1%
Profit Quality(3y)111.12%
Profit Quality(5y)112.92%
High Growth Momentum
Growth
EPS 1Y (TTM)11.14%
EPS 3Y-2.28%
EPS 5Y5.79%
EPS Q2Q%17.31%
EPS Next Y13.28%
EPS Next 2Y9.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.39%
Revenue growth 3Y3.59%
Revenue growth 5Y4.96%
Sales Q2Q%12.67%
Revenue Next Year10.87%
Revenue Next 2Y7.11%
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 1Y22.27%
FCF growth 3Y-5.02%
FCF growth 5Y3.72%
OCF growth 1Y22.68%
OCF growth 3Y-3.13%
OCF growth 5Y4.72%