FIRST COMMUNITY CORP (FCCO) Stock Fundamental Analysis
NASDAQ:FCCO - Nasdaq - US3198351047 - Common Stock - Currency: USD
FCCO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 396 industry peers in the Banks industry. FCCO has a bad profitability rating. Also its financial health evaluation is rather negative. FCCO is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year FCCO was profitable.
In the past year FCCO had a positive cash flow from operations.
FCCO had positive earnings in each of the past 5 years.
FCCO had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.75%, FCCO is in line with its industry, outperforming 41.16% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.24%, FCCO is in the better half of the industry, outperforming 68.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.75% | ||
| ROE | 10.24% | ||
| ROIC | N/A |
ROA(3y)0.74%
ROA(5y)0.79%
ROE(3y)10.34%
ROE(5y)9.88%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FCCO's Profit Margin of 22.20% is in line compared to the rest of the industry. FCCO outperforms 43.43% of its industry peers.
FCCO's Profit Margin has been stable in the last couple of years.
FCCO 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) | 22.2% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.85%
PM growth 5Y-1.32%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FCCO does not have a ROIC to compare to the WACC, probably because it is not profitable.
FCCO has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FCCO has been increased compared to 5 years ago.
Compared to 1 year ago, FCCO has a worse debt to assets ratio.
2.2 Solvency
FCCO has a debt to FCF ratio of 12.49. This is a negative value and a sign of low solvency as FCCO would need 12.49 years to pay back of all of its debts.
FCCO has a worse Debt to FCF ratio (12.49) than 80.30% of its industry peers.
A Debt/Equity ratio of 0.97 indicates that FCCO is somewhat dependend on debt financing.
The Debt to Equity ratio of FCCO (0.97) is worse than 85.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 12.49 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.6%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FCCO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.46%, which is quite impressive.
FCCO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.68% yearly.
Looking at the last year, FCCO shows a quite strong growth in Revenue. The Revenue has grown by 15.96% in the last year.
FCCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
EPS 1Y (TTM)38.46%
EPS 3Y-4.07%
EPS 5Y4.68%
EPS Q2Q%50%
Revenue 1Y (TTM)15.96%
Revenue growth 3Y3.73%
Revenue growth 5Y6.33%
Sales Q2Q%17.52%
3.2 Future
Based on estimates for the next years, FCCO will show a very strong growth in Earnings Per Share. The EPS will grow by 27.18% on average per year.
FCCO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.62% yearly.
EPS Next Y32.15%
EPS Next 2Y27.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.39%
Revenue Next 2Y13.62%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.83, the valuation of FCCO can be described as reasonable.
The rest of the industry has a similar Price/Earnings ratio as FCCO.
FCCO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.46.
A Price/Forward Earnings ratio of 8.00 indicates a reasonable valuation of FCCO.
Based on the Price/Forward Earnings ratio, FCCO is valued a bit cheaper than the industry average as 75.76% of the companies are valued more expensively.
FCCO is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.30, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.83 | ||
| Fwd PE | 8 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FCCO is valued a bit more expensive than 66.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.52 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FCCO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as FCCO's earnings are expected to grow with 27.18% in the coming years.
PEG (NY)0.37
PEG (5Y)2.53
EPS Next 2Y27.18%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FCCO has a Yearly Dividend Yield of 2.53%.
FCCO's Dividend Yield is slightly below the industry average, which is at 3.46.
FCCO's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
5.2 History
The dividend of FCCO has a limited annual growth rate of 5.58%.
FCCO has been paying a dividend for at least 10 years, so it has a reliable track record.
FCCO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.58%
Div Incr Years3
Div Non Decr Years14
5.3 Sustainability
FCCO pays out 29.31% of its income as dividend. This is a sustainable payout ratio.
The dividend of FCCO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.31%
EPS Next 2Y27.18%
EPS Next 3YN/A
23.42
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners58.48%
Inst Owner Change0.03%
Ins Owners3.44%
Ins Owner Change3.7%
Market Cap179.87M
Analysts86.67
Price Target29.92 (27.75%)
Short Float %0.88%
Short Ratio2.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
Yearly Dividend0.58
Dividend Growth(5Y)5.58%
DP29.31%
Div Incr Years3
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.55%
Min EPS beat(2)10.29%
Max EPS beat(2)10.8%
EPS beat(4)4
Avg EPS beat(4)11.99%
Min EPS beat(4)10.29%
Max EPS beat(4)15.45%
EPS beat(8)6
Avg EPS beat(8)3.39%
EPS beat(12)8
Avg EPS beat(12)1.75%
EPS beat(16)12
Avg EPS beat(16)3.71%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)1.1%
Revenue beat(4)2
Avg Revenue beat(4)1.05%
Min Revenue beat(4)-1.8%
Max Revenue beat(4)4.9%
Revenue beat(8)4
Avg Revenue beat(8)-0.23%
Revenue beat(12)5
Avg Revenue beat(12)-1.45%
Revenue beat(16)6
Avg Revenue beat(16)-1.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.83%
EPS NY rev (1m)7.24%
EPS NY rev (3m)7.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)2.13%
Revenue NY rev (3m)2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.83 | ||
| Fwd PE | 8 | ||
| P/S | 2.6 | ||
| P/FCF | 15.52 | ||
| P/OCF | 14.27 | ||
| P/B | 1.2 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.98
EY8.45%
EPS(NY)2.93
Fwd EY12.5%
FCF(TTM)1.51
FCFY6.44%
OCF(TTM)1.64
OCFY7.01%
SpS9
BVpS19.53
TBVpS17.57
PEG (NY)0.37
PEG (5Y)2.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.75% | ||
| ROE | 10.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.2% | ||
| GM | N/A | ||
| FCFM | 16.76% |
ROA(3y)0.74%
ROA(5y)0.79%
ROE(3y)10.34%
ROE(5y)9.88%
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-6.85%
PM growth 5Y-1.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 12.49 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 54.61% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 75.48% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC13.6%
ROIC/WACCN/A
Cap/Depr(3y)60.57%
Cap/Depr(5y)55.73%
Cap/Sales(3y)1.84%
Cap/Sales(5y)1.78%
Profit Quality(3y)102.45%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.46%
EPS 3Y-4.07%
EPS 5Y4.68%
EPS Q2Q%50%
EPS Next Y32.15%
EPS Next 2Y27.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.96%
Revenue growth 3Y3.73%
Revenue growth 5Y6.33%
Sales Q2Q%17.52%
Revenue Next Year15.39%
Revenue Next 2Y13.62%
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-55.64%
FCF growth 3Y-44.48%
FCF growth 5Y37.9%
OCF growth 1Y-54.52%
OCF growth 3Y-42.75%
OCF growth 5Y18.01%