FIRST BANCORP/NC (FBNC)
US3189101062 - Common Stock
We assign a fundamental rating of 3 out of 10 to FBNC. FBNC was compared to 411 industry peers in the Banks industry. FBNC has a bad profitability rating. Also its financial health evaluation is rather negative. FBNC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FBNC was profitable.
FBNC had a positive operating cash flow in the past year.
In the past 5 years FBNC has always been profitable.
Each year in the past 5 years FBNC had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.85%, FBNC perfoms like the industry average, outperforming 49.63% of the companies in the same industry.
FBNC's Return On Equity of 7.54% is on the low side compared to the rest of the industry. FBNC is outperformed by 63.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 7.54% | ||
| ROIC | N/A |
ROA(3y)1.05%
ROA(5y)1.15%
ROE(3y)9.81%
ROE(5y)9.85%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FBNC (25.59%) is better than 60.34% of its industry peers.
FBNC's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FBNC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.59% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.87%
PM growth 5Y-5.26%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FBNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FBNC has been increased compared to 1 year ago.
Compared to 5 years ago, FBNC has more shares outstanding
FBNC has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FBNC is 4.96, which is a neutral value as it means it would take FBNC, 4.96 years of fcf income to pay off all of its debts.
FBNC has a Debt to FCF ratio of 4.96. This is in the lower half of the industry: FBNC underperforms 67.15% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that FBNC is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.46, FBNC is not doing good in the industry: 67.88% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.84%
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 FBNC have decreased strongly by -39.90% in the last year.
Measured over the past years, FBNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.86% on average per year.
Looking at the last year, FBNC shows a small growth in Revenue. The Revenue has grown by 2.83% in the last year.
FBNC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.70% yearly.
EPS 1Y (TTM)-39.9%
EPS 3Y-1.03%
EPS 5Y-3.86%
EPS growth Q2Q-33.33%
Revenue 1Y (TTM)2.83%
Revenue growth 3Y10.52%
Revenue growth 5Y8.7%
Revenue growth Q2Q-1.99%
3.2 Future
The Earnings Per Share is expected to grow by 9.43% on average over the next years. This is quite good.
The Revenue is expected to grow by 1.85% on average over the next years.
EPS Next Y6.54%
EPS Next 2Y9.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.18%
Revenue Next 2Y1.85%
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.
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
Based on the Price/Earnings ratio of 12.47, the valuation of FBNC can be described as correct.
FBNC's Price/Earnings ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 76.16% of the companies in the same industry.
When comparing the Price/Earnings ratio of FBNC to the average of the S&P500 Index (25.25), we can say FBNC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.71, the valuation of FBNC can be described as reasonable.
Based on the Price/Forward Earnings ratio, FBNC is valued a bit more expensive than the industry average as 64.72% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of FBNC to the average of the S&P500 Index (21.67), we can say FBNC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.47 | ||
| Fwd PE | 11.71 |
4.2 Price Multiples
FBNC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FBNC is more expensive than 61.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.22 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FBNC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.91
PEG (5Y)N/A
EPS Next 2Y9.43%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.58%, FBNC has a reasonable but not impressive dividend return.
FBNC's Dividend Yield is slightly below the industry average, which is at 3.89.
FBNC's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
5.2 History
On average, the dividend of FBNC grows each year by 19.19%, which is quite nice.
FBNC has been paying a dividend for at least 10 years, so it has a reliable track record.
FBNC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.19%
Div Incr Years6
Div Non Decr Years14
5.3 Sustainability
33.78% of the earnings are spent on dividend by FBNC. This is a low number and sustainable payout ratio.
The dividend of FBNC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP33.78%
EPS Next 2Y9.43%
EPS Next 3YN/A
FIRST BANCORP/NC
NASDAQ:FBNC (4/25/2024, 3:20:03 PM)
After market: 31.55 0 (0%)31.55
-2.95 (-8.55%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.30B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
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)
Avg EPS beat(4)
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)
Max Revenue beat(4)
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 | 12.47 | ||
| Fwd PE | 11.71 | ||
| 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)1.91
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 7.54% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 25.59% | ||
| 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 Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| 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)-39.9%
EPS 3Y-1.03%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.54%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.83%
Revenue growth 3Y10.52%
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