FIRST BANCSHARES INC/MS (FBMS) Stock Fundamental Analysis
NYSE:FBMS - New York Stock Exchange, Inc. - US3189161033 - Common Stock - Currency: USD
Overall FBMS gets a fundamental rating of 4 out of 10. We evaluated FBMS against 396 industry peers in the Banks industry. FBMS may be in some trouble as it scores bad on both profitability and health. FBMS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FBMS was profitable.
In the past year FBMS had a positive cash flow from operations.
In the past 5 years FBMS has always been profitable.
In the past 5 years FBMS always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 0.96%, FBMS is doing good in the industry, outperforming 64.02% of the companies in the same industry.
FBMS has a Return On Equity (7.68%) which is in line with its industry peers.
| 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
FBMS has a Profit Margin of 27.18%. This is in the better half of the industry: FBMS outperforms 71.22% of its industry peers.
FBMS's Profit Margin has declined in the last couple of years.
FBMS 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) | 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.
Compared to 1 year ago, FBMS has more shares outstanding
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.
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.
FBMS's Debt to FCF ratio of 1.52 is fine compared to the rest of the industry. FBMS outperforms 62.78% of its industry peers.
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 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
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%.
Measured over the past years, FBMS shows a quite strong growth in Revenue. The Revenue has been growing by 13.82% on average per year.
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
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
The Price/Earnings ratio is 13.86, which 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.
Compared to an average S&P500 Price/Earnings ratio of 25.82, FBMS is valued a bit cheaper.
FBMS is valuated reasonably with a Price/Forward Earnings ratio of 11.75.
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.
The average S&P500 Price/Forward Earnings ratio is at 21.76. FBMS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 11.75 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as FBMS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.85 | ||
| EV/EBITDA | N/A |
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
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.96%, FBMS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.42, FBMS is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, FBMS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector 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 been paying a dividend for at least 10 years, so it has a reliable track record.
FBMS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)26.11%
Div Incr Years7
Div Non Decr Years14
5.3 Sustainability
39.72% 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.
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 Change-1.84%
Ins Owners6.39%
Ins Owner Change-1903.24%
Market Cap1.06B
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-Date
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
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
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-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%