EVANS BANCORP INC (EVBN)
US29911Q2084 - Common Stock
We assign a fundamental rating of 3 out of 10 to EVBN. EVBN was compared to 412 industry peers in the Banks industry. While EVBN is still in line with the averages on profitability rating, there are concerns on its financial health. EVBN does not seem to be growing, but still is valued expensively. EVBN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
EVBN had positive earnings in the past year.
EVBN had a positive operating cash flow in the past year.
In the past 5 years EVBN has always been profitable.
Each year in the past 5 years EVBN had a positive operating cash flow.
1.2 Ratios
EVBN has a better Return On Assets (1.16%) than 74.76% of its industry peers.
The Return On Equity of EVBN (13.76%) is better than 86.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 13.76% | ||
| ROIC | N/A |
ROA(3y)1.09%
ROA(5y)1%
ROE(3y)13.79%
ROE(5y)11.9%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
EVBN has a better Profit Margin (26.05%) than 61.16% of its industry peers.
In the last couple of years the Profit Margin of EVBN has remained more or less at the same level.
EVBN 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) | 26.05% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y21.8%
PM growth 5Y0.17%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
EVBN does not have a ROIC to compare to the WACC, probably because it is not profitable.
EVBN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for EVBN has been increased compared to 5 years ago.
Compared to 1 year ago, EVBN has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of EVBN is 2.68, which is a good value as it means it would take EVBN, 2.68 years of fcf income to pay off all of its debts.
EVBN's Debt to FCF ratio of 2.68 is in line compared to the rest of the industry. EVBN outperforms 48.30% of its industry peers.
A Debt/Equity ratio of 0.23 indicates that EVBN is not too dependend on debt financing.
EVBN has a Debt to Equity ratio (0.23) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.68 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.64%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
EVBN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.28%.
Measured over the past years, EVBN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.22% on average per year.
Looking at the last year, EVBN shows a small growth in Revenue. The Revenue has grown by 2.07% in the last year.
Measured over the past years, EVBN shows a quite strong growth in Revenue. The Revenue has been growing by 8.25% on average per year.
EPS 1Y (TTM)-57.28%
EPS 3Y-7.13%
EPS 5Y-12.22%
EPS growth Q2Q-180.91%
Revenue 1Y (TTM)2.07%
Revenue growth 3Y6.46%
Revenue growth 5Y8.25%
Revenue growth Q2Q37.26%
3.2 Future
Based on estimates for the next years, EVBN will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.79% on average per year.
The Revenue is expected to decrease by -3.90% on average over the next years.
EPS Next Y1.61%
EPS Next 2Y17.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.37%
Revenue Next 2Y-3.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.77, which indicates a correct valuation of EVBN.
Based on the Price/Earnings ratio, EVBN is valued a bit more expensive than 78.64% of the companies in the same industry.
EVBN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.54, EVBN is valued correctly.
Based on the Price/Forward Earnings ratio, EVBN is valued a bit more expensive than the industry average as 71.36% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of EVBN to the average of the S&P500 Index (20.88), we can say EVBN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.77 | ||
| Fwd PE | 14.54 |
4.2 Price Multiples
EVBN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.27 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as EVBN's earnings are expected to grow with 17.79% in the coming years.
PEG (NY)9.19
PEG (5Y)N/A
EPS Next 2Y17.79%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.32%, EVBN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.78, EVBN pays a better dividend. On top of this EVBN pays more dividend than 85.68% of the companies listed in the same industry.
EVBN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
5.2 History
On average, the dividend of EVBN grows each year by 7.66%, which is quite nice.
EVBN has been paying a dividend for at least 10 years, so it has a reliable track record.
EVBN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.66%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
29.45% of the earnings are spent on dividend by EVBN. This is a low number and sustainable payout ratio.
EVBN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.45%
EPS Next 2Y17.79%
EPS Next 3YN/A
EVANS BANCORP INC
NYSEARCA:EVBN (5/3/2024, 7:04:00 PM)
After market: 25.55 0 (0%)25.55
+0.76 (+3.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
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Market Cap140.78M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
Dividend Growth(5Y)
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Surprises & Revisions
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.77 | ||
| Fwd PE | 14.54 | ||
| 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)9.19
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 13.76% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 26.05% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| 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)-57.28%
EPS 3Y-7.13%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.61%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.07%
Revenue growth 3Y6.46%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
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EBIT growth 3Y
EBIT growth 5Y
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EBIT Next 5Y
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