FIRST BANCSHARES INC/MS (FBMS) Fundamental Analysis & Valuation

NYSE:FBMS • US3189161033

Current stock price

33.81 USD
+0.16 (+0.48%)
At close:
33.81 USD
0 (0%)
After Hours:

This FBMS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. FBMS Profitability Analysis

1.1 Basic Checks

  • FBMS had positive earnings in the past year.
  • FBMS had a positive operating cash flow in the past year.
  • In the past 5 years FBMS has always been profitable.
  • In the past 5 years FBMS always reported a positive cash flow from operatings.
FBMS Yearly Net Income VS EBIT VS OCF VS FCFFBMS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

  • The Return On Assets of FBMS (0.96%) is better than 64.02% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.68%, FBMS is in line with its industry, outperforming 44.91% of the companies in the same industry.
Industry RankSector 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
FBMS Yearly ROA, ROE, ROICFBMS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • FBMS's Profit Margin of 27.18% is fine compared to the rest of the industry. FBMS outperforms 71.22% of its industry peers.
  • In the last couple of years the Profit Margin of FBMS has declined.
  • FBMS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector 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
FBMS Yearly Profit, Operating, Gross MarginsFBMS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. FBMS Health Analysis

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.
  • The number of shares outstanding for FBMS has been increased compared to 5 years ago.
  • Compared to 1 year ago, FBMS has about the same debt to assets ratio.
FBMS Yearly Shares OutstandingFBMS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
FBMS Yearly Total Debt VS Total AssetsFBMS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • FBMS has a debt to FCF ratio of 1.52. This is a very positive value and a sign of high solvency as it would only need 1.52 years to pay back of 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.
  • FBMS has a Debt to Equity ratio of 0.12. This is in the better half of the industry: FBMS outperforms 68.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.52
Altman-Z N/A
ROIC/WACCN/A
WACC13.23%
FBMS Yearly LT Debt VS Equity VS FCFFBMS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FBMS Yearly Current Assets VS Current LiabilitesFBMS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FBMS Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.67% over the past year.
  • FBMS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.65% yearly.
  • FBMS shows a decrease in Revenue. In the last year, the revenue decreased by -4.05%.
  • 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

  • The Earnings Per Share is expected to grow by 11.99% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.55% on average over the next years.
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

  • 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.
FBMS Yearly Revenue VS EstimatesFBMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
FBMS Yearly EPS VS EstimatesFBMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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4

4. FBMS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.86 indicates a correct valuation of FBMS.
  • 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 is valuated rather cheaply when we compare the Price/Earnings ratio to 25.61, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 11.75 indicates a reasonable valuation of FBMS.
  • 64.76% of the companies in the same industry are cheaper than FBMS, based on the Price/Forward Earnings ratio.
  • FBMS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 13.86
Fwd PE 11.75
FBMS Price Earnings VS Forward Price EarningsFBMS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FBMS's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 12.85
EV/EBITDA N/A
FBMS Per share dataFBMS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The 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

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FBMS Dividend Analysis

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 1.89, FBMS pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.96%

5.2 History

  • The dividend of FBMS is nicely growing with an annual growth rate of 26.11%!
  • 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)26.11%
Div Incr Years7
Div Non Decr Years14
FBMS Yearly Dividends per shareFBMS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

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
FBMS Yearly Income VS Free CF VS DividendFBMS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FBMS Dividend Payout.FBMS Dividend Payout, showing the Payout Ratio.FBMS Dividend Payout.PayoutRetained Earnings

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FBMS Fundamentals: All Metrics, Ratios and Statistics

FIRST BANCSHARES INC/MS

NYSE:FBMS (3/31/2025, 8:19:52 PM)

After market: 33.81 0 (0%)

33.81

+0.16 (+0.48%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28
Earnings (Next)04-23
Inst Owners74.06%
Inst Owner Change-20.14%
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 RankSector 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 RankSector 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 RankSector 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 RankSector 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 Fundamental Analysis 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.