FIRST BANCORP PUERTO RICO (FBP)
PR3186727065 - Common Stock
Taking everything into account, FBP scores 5 out of 10 in our fundamental rating. FBP was compared to 412 industry peers in the Banks industry. FBP has an average financial health and profitability rating. FBP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FBP had positive earnings in the past year.
FBP had a positive operating cash flow in the past year.
FBP had positive earnings in each of the past 5 years.
FBP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FBP (1.60%) is better than 91.02% of its industry peers.
Looking at the Return On Equity, with a value of 20.22%, FBP belongs to the top of the industry, outperforming 96.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 20.22% | ||
| ROIC | N/A |
ROA(3y)1.52%
ROA(5y)1.28%
ROE(3y)18.81%
ROE(5y)13.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FBP's Profit Margin of 32.57% is amongst the best of the industry. FBP outperforms 85.44% of its industry peers.
In the last couple of years the Profit Margin of FBP has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for FBP so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 32.57% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y32.68%
PM growth 5Y-0.02%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FBP does not have a ROIC to compare to the WACC, probably because it is not profitable.
FBP has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FBP has been reduced compared to 5 years ago.
FBP has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FBP is 0.48, which is an excellent value as it means it would take FBP, only 0.48 years of fcf income to pay off all of its debts.
FBP's Debt to FCF ratio of 0.48 is amongst the best of the industry. FBP outperforms 83.98% of its industry peers.
FBP has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FBP (0.11) is better than 74.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.48 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.15%
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 grown by an nice 8.18% over the past year.
FBP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.90% yearly.
The Revenue has been growing slightly by 1.24% in the past year.
The Revenue has been growing by 8.79% on average over the past years. This is quite good.
EPS 1Y (TTM)8.18%
EPS 3Y57.53%
EPS 5Y20.9%
EPS growth Q2Q22.5%
Revenue 1Y (TTM)1.24%
Revenue growth 3Y9.19%
Revenue growth 5Y8.79%
Revenue growth Q2Q-2.08%
3.2 Future
The Earnings Per Share is expected to grow by 3.77% on average over the next years.
Based on estimates for the next years, FBP will show a small growth in Revenue. The Revenue will grow by 3.76% on average per year.
EPS Next Y-5.6%
EPS Next 2Y3.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.13%
Revenue Next 2Y3.76%
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 decreasing.
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
FBP is valuated reasonably with a Price/Earnings ratio of 9.83.
Compared to the rest of the industry, the Price/Earnings ratio of FBP is on the same level as its industry peers.
FBP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.76.
FBP is valuated reasonably with a Price/Forward Earnings ratio of 10.41.
FBP's Price/Forward Earnings is on the same level as the industry average.
FBP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 10.41 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as FBP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.31 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.47
EPS Next 2Y3.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FBP has a Yearly Dividend Yield of 3.81%.
FBP's Dividend Yield is comparable with the industry average which is at 3.92.
Compared to an average S&P500 Dividend Yield of 2.40, FBP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
5.2 History
On average, the dividend of FBP grows each year by 67.85%, which is quite nice.
FBP has been paying a dividend for at least 10 years, so it has a reliable track record.
As FBP did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)67.85%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
32.91% of the earnings are spent on dividend by FBP. This is a low number and sustainable payout ratio.
The dividend of FBP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.91%
EPS Next 2Y3.77%
EPS Next 3YN/A
FIRST BANCORP PUERTO RICO
NYSE:FBP (4/19/2024, 7:04:00 PM)
After market: 16.91 0 (0%)16.91
+0.47 (+2.86%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.83B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
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 | 9.83 | ||
| Fwd PE | 10.41 | ||
| 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)N/A
PEG (5Y)0.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 20.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 32.57% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| 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)8.18%
EPS 3Y57.53%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.24%
Revenue growth 3Y9.19%
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