FIRST BANCSHARES INC/MS (FBMS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FBMS - US3189161033 - Common Stock
33.81 USD
+0.16 (+0.48%)
33.81 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to FBMS. FBMS was compared to 387 industry peers in the Banks industry. Both the profitability and financial health of FBMS have multiple concerns. FBMS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FBMS was profitable.
FBMS had a positive operating cash flow in the past year.
In the past 5 years FBMS has always been profitable.
Each year in the past 5 years FBMS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.96%, FBMS is in the better half of the industry, outperforming 64.02% of the companies in the same industry.
FBMS has a Return On Equity (7.68%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 7.68% | ||
| ROIC | N/A |
ROA(3y)0.96%
ROA(5y)0.99%
ROE(3y)8.45%
ROE(5y)8.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 27.18%, FBMS is doing good in the industry, outperforming 71.22% of the companies in the same industry.
FBMS's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FBMS so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.18% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.26%
PM growth 5Y-1.55%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FBMS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FBMS has been increased compared to 1 year ago.
Compared to 5 years ago, FBMS has more shares outstanding
The debt/assets ratio for FBMS has remained at the same level compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FBMS is 1.52, which is an excellent value as it means it would take FBMS, only 1.52 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.52, FBMS is in the better half of the industry, outperforming 62.78% of the companies in the same industry.
FBMS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.12, FBMS is in the better half of the industry, outperforming 68.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.52 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.23%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FBMS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.67%.
FBMS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.65% yearly.
Looking at the last year, FBMS shows a decrease in Revenue. The Revenue has decreased by -4.05% in the last year.
FBMS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.82% yearly.
EPS 1Y (TTM)1.67%
EPS 3Y-7.07%
EPS 5Y-2.65%
EPS Q2Q%65.71%
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y13.43%
Revenue growth 5Y13.82%
Sales Q2Q%4.26%
3.2 Future
Based on estimates for the next years, FBMS will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.99% on average per year.
Based on estimates for the next years, FBMS will show a small growth in Revenue. The Revenue will grow by 6.55% on average per year.
EPS Next Y17.89%
EPS Next 2Y11.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.85%
Revenue Next 2Y6.55%
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
Based on the Price/Earnings ratio of 13.86, the valuation of FBMS can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of FBMS indicates a slightly more expensive valuation: FBMS is more expensive than 68.24% of the companies listed in the same industry.
FBMS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.87.
With a Price/Forward Earnings ratio of 11.75, the valuation of FBMS can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FBMS indicates a slightly more expensive valuation: FBMS is more expensive than 64.76% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FBMS to the average of the S&P500 Index (23.46), we can say FBMS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 11.75 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FBMS is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.85 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FBMS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y11.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FBMS has a Yearly Dividend Yield of 2.96%.
Compared to an average industry Dividend Yield of 2.78, FBMS is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.94, FBMS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
5.2 History
On average, the dividend of FBMS grows each year by 26.11%, which is quite nice.
FBMS has been paying a dividend for at least 10 years, so it has a reliable track record.
FBMS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)26.11%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
FBMS pays out 39.72% of its income as dividend. This is a sustainable payout ratio.
The dividend of FBMS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.72%
EPS Next 2Y11.99%
EPS Next 3YN/A
33.81
+0.16 (+0.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.06%
Inst Owner Change0%
Ins Owners6.39%
Ins Owner Change0%
Market Cap1.06B
Revenue(TTM)284.03M
Net Income(TTM)77.19M
Analysts80
Price Target38.25 (13.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
Yearly Dividend0.99
Dividend Growth(5Y)26.11%
DP39.72%
Div Incr Years7
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.3%
Min EPS beat(2)-11.15%
Max EPS beat(2)-7.45%
EPS beat(4)2
Avg EPS beat(4)-1.22%
Min EPS beat(4)-11.15%
Max EPS beat(4)8.47%
EPS beat(8)2
Avg EPS beat(8)-11.41%
EPS beat(12)3
Avg EPS beat(12)-8.41%
EPS beat(16)4
Avg EPS beat(16)-6.2%
Revenue beat(2)0
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-1.81%
Max Revenue beat(2)-1.14%
Revenue beat(4)0
Avg Revenue beat(4)-2.09%
Min Revenue beat(4)-4.56%
Max Revenue beat(4)-0.83%
Revenue beat(8)1
Avg Revenue beat(8)-2.01%
Revenue beat(12)5
Avg Revenue beat(12)3.95%
Revenue beat(16)9
Avg Revenue beat(16)7.73%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.54%
EPS NY rev (1m)0%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 11.75 | ||
| P/S | 3.72 | ||
| P/FCF | 12.85 | ||
| P/OCF | 12.35 | ||
| P/B | 1.05 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.44
EY7.22%
EPS(NY)2.88
Fwd EY8.51%
FCF(TTM)2.63
FCFY7.78%
OCF(TTM)2.74
OCFY8.1%
SpS9.09
BVpS32.18
TBVpS21.56
PEG (NY)0.77
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 7.68% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.18% | ||
| GM | N/A | ||
| FCFM | 28.94% |
ROA(3y)0.96%
ROA(5y)0.99%
ROE(3y)8.45%
ROE(5y)8.6%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.26%
PM growth 5Y-1.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.52 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 32.57% | ||
| Cap/Sales | 1.17% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 106.47% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC13.23%
ROIC/WACCN/A
Cap/Depr(3y)63.53%
Cap/Depr(5y)55.58%
Cap/Sales(3y)3.21%
Cap/Sales(5y)3.11%
Profit Quality(3y)121.28%
Profit Quality(5y)118.19%
High Growth Momentum
Growth
EPS 1Y (TTM)1.67%
EPS 3Y-7.07%
EPS 5Y-2.65%
EPS Q2Q%65.71%
EPS Next Y17.89%
EPS Next 2Y11.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y13.43%
Revenue growth 5Y13.82%
Sales Q2Q%4.26%
Revenue Next Year7.85%
Revenue Next 2Y6.55%
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-21.59%
FCF growth 3Y-2.47%
FCF growth 5Y17.43%
OCF growth 1Y-21.19%
OCF growth 3Y-3.69%
OCF growth 5Y13.85%
FIRST BANCSHARES INC/MS / FBMS FAQ
What is the ChartMill fundamental rating of FIRST BANCSHARES INC/MS (FBMS) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FBMS.
Can you provide the valuation status for FIRST BANCSHARES INC/MS?
ChartMill assigns a valuation rating of 4 / 10 to FIRST BANCSHARES INC/MS (FBMS). This can be considered as Fairly Valued.
How profitable is FIRST BANCSHARES INC/MS (FBMS) stock?
FIRST BANCSHARES INC/MS (FBMS) has a profitability rating of 3 / 10.
Can you provide the PE and PB ratios for FBMS stock?
The Price/Earnings (PE) ratio for FIRST BANCSHARES INC/MS (FBMS) is 13.86 and the Price/Book (PB) ratio is 1.05.
What is the earnings growth outlook for FIRST BANCSHARES INC/MS?
The Earnings per Share (EPS) of FIRST BANCSHARES INC/MS (FBMS) is expected to grow by 17.89% in the next year.