FIRST BANCSHARES INC/MS (FBMS)
US3189161033 - Common Stock
Overall FBMS gets a fundamental rating of 4 out of 10. We evaluated FBMS against 412 industry peers in the Banks industry. FBMS has a bad profitability rating. Also its financial health evaluation is rather negative. FBMS has a decent growth rate and is not valued too expensively. FBMS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FBMS was profitable.
FBMS had a positive operating cash flow in the past year.
FBMS had positive earnings in each of the past 5 years.
In the past 5 years FBMS always reported a positive cash flow from operatings.
1.2 Ratios
FBMS has a Return On Assets (0.94%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 7.95%, FBMS is doing worse than 60.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 7.95% | ||
| ROIC | N/A |
ROA(3y)0.99%
ROA(5y)1.02%
ROE(3y)9.06%
ROE(5y)8.67%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FBMS (25.49%) is comparable to the rest of the industry.
FBMS's Profit Margin has improved 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) | 25.49% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.87%
PM growth 5Y4.87%
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.
Compared to 1 year ago, FBMS has more shares outstanding
Compared to 5 years ago, FBMS has more shares outstanding
FBMS has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FBMS is 1.19, which is an excellent value as it means it would take FBMS, only 1.19 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FBMS (1.19) is better than 73.54% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that FBMS is not too dependend on debt financing.
FBMS's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. FBMS outperforms 70.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.19 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.46%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for FBMS have decreased strongly by -21.31% in the last year.
The Earnings Per Share has been growing slightly by 0.94% on average over the past years.
Looking at the last year, FBMS shows a very strong growth in Revenue. The Revenue has grown by 37.83%.
Measured over the past years, FBMS shows a very strong growth in Revenue. The Revenue has been growing by 22.92% on average per year.
EPS 1Y (TTM)-21.31%
EPS 3Y2.94%
EPS 5Y0.94%
EPS growth Q2Q-48.53%
Revenue 1Y (TTM)37.83%
Revenue growth 3Y15.01%
Revenue growth 5Y22.92%
Revenue growth Q2Q7.07%
3.2 Future
Based on estimates for the next years, FBMS will show a small growth in Earnings Per Share. The EPS will grow by 6.87% on average per year.
The Revenue is expected to grow by 3.64% on average over the next years.
EPS Next Y5.08%
EPS Next 2Y6.87%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.13%
Revenue Next 2Y3.64%
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
A Price/Earnings ratio of 10.06 indicates a reasonable valuation of FBMS.
FBMS's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of FBMS to the average of the S&P500 Index (24.67), we can say FBMS is valued rather cheaply.
The Price/Forward Earnings ratio is 9.58, which indicates a very decent valuation of FBMS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FBMS indicates a somewhat cheap valuation: FBMS is cheaper than 63.35% of the companies listed in the same industry.
FBMS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.02.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.06 | ||
| Fwd PE | 9.58 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FBMS is valued a bit cheaper than 66.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.19 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FBMS does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.98
PEG (5Y)10.67
EPS Next 2Y6.87%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FBMS has a Yearly Dividend Yield of 4.14%, which is a nice return.
Compared to an average industry Dividend Yield of 3.83, FBMS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FBMS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.14% |
5.2 History
The dividend of FBMS is nicely growing with an annual growth rate of 38.41%!
FBMS has paid a dividend for at least 10 years, which is 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)38.41%
Div Incr Years6
Div Non Decr Years12
5.3 Sustainability
36.51% of the earnings are spent on dividend by FBMS. This is a low number and sustainable payout ratio.
FBMS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP36.51%
EPS Next 2Y6.87%
EPS Next 3YN/A
FIRST BANCSHARES INC/MS
NASDAQ:FBMS (5/1/2024, 3:01:51 PM)
After market: 24.15 0 (0%)24.15
+0.21 (+0.88%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap753.96M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.14% |
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)
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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)
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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 | 10.06 | ||
| Fwd PE | 9.58 | ||
| 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)1.98
PEG (5Y)10.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 7.95% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 25.49% | ||
| 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 | 0.13 | ||
| 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)-21.31%
EPS 3Y2.94%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)37.83%
Revenue growth 3Y15.01%
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