FIRST CITIZENS BCSHS -CL A (FCNCA)
US31946M1036 - Common Stock
Taking everything into account, FCNCA scores 4 out of 10 in our fundamental rating. FCNCA was compared to 411 industry peers in the Banks industry. There are concerns on the financial health of FCNCA while its profitability can be described as average. FCNCA is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
FCNCA had positive earnings in the past year.
In the past year FCNCA had a positive cash flow from operations.
In the past 5 years FCNCA has always been profitable.
Of the past 5 years FCNCA 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 5.34%, FCNCA belongs to the best of the industry, outperforming 99.27% of the companies in the same industry.
With an excellent Return On Equity value of 53.67%, FCNCA belongs to the best of the industry, outperforming 99.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 53.67% | ||
| ROIC | N/A |
ROA(3y)2.4%
ROA(5y)1.86%
ROE(3y)25.23%
ROE(5y)19.95%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FCNCA has a better Profit Margin (60.72%) than 99.27% of its industry peers.
In the last couple of years the Profit Margin of FCNCA has grown nicely.
FCNCA 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) | 60.72% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y33.34%
PM growth 5Y19.54%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FCNCA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FCNCA has less shares outstanding
The number of shares outstanding for FCNCA has been increased compared to 5 years ago.
FCNCA has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FCNCA is 31.45, which is on the high side as it means it would take FCNCA, 31.45 years of fcf income to pay off all of its debts.
FCNCA's Debt to FCF ratio of 31.45 is on the low side compared to the rest of the industry. FCNCA is outperformed by 86.86% of its industry peers.
A Debt/Equity ratio of 1.82 is on the high side and indicates that FCNCA has dependencies on debt financing.
With a Debt to Equity ratio value of 1.82, FCNCA is not doing good in the industry: 90.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | 31.45 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.08%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FCNCA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 144.24%, which is quite impressive.
The Earnings Per Share has been growing by 87.75% on average over the past years. This is a very strong growth
The Revenue has grown by 269.68% in the past year. This is a very strong growth!
Measured over the past years, FCNCA shows a very strong growth in Revenue. The Revenue has been growing by 63.48% on average per year.
EPS 1Y (TTM)144.24%
EPS 3Y155.04%
EPS 5Y87.75%
EPS growth Q2Q179.42%
Revenue 1Y (TTM)269.68%
Revenue growth 3Y115.97%
Revenue growth 5Y63.48%
Revenue growth Q2Q99.35%
3.2 Future
FCNCA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.17% yearly.
FCNCA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.09% yearly.
EPS Next Y3.71%
EPS Next 2Y6.32%
EPS Next 3Y10.17%
EPS Next 5YN/A
Revenue Next Year9.76%
Revenue Next 2Y4.48%
Revenue Next 3Y4.09%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
FCNCA is valuated reasonably with a Price/Earnings ratio of 10.01.
FCNCA's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of FCNCA to the average of the S&P500 Index (24.92), we can say FCNCA is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.66, the valuation of FCNCA can be described as reasonable.
FCNCA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FCNCA is cheaper than 61.80% of the companies in the same industry.
FCNCA is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.01 | ||
| Fwd PE | 9.66 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FCNCA is valued expensively inside the industry as 80.05% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.12 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.7
PEG (5Y)0.11
EPS Next 2Y6.32%
EPS Next 3Y10.17%
5. Dividend
5.1 Amount
With a yearly dividend of 0.36%, FCNCA is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.82, FCNCA's dividend is way lower than its industry peers. On top of this 87.83% of the companies listed in the same industry pay a better dividend than FCNCA!
Compared to an average S&P500 Dividend Yield of 2.41, FCNCA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.36% |
5.2 History
On average, the dividend of FCNCA grows each year by 41.45%, which is quite nice.
FCNCA has paid a dividend for at least 10 years, which is a reliable track record.
FCNCA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)41.45%
Div Incr Years7
Div Non Decr Years19
5.3 Sustainability
FCNCA pays out 1.03% of its income as dividend. This is a sustainable payout ratio.
FCNCA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP1.03%
EPS Next 2Y6.32%
EPS Next 3Y10.17%
FIRST CITIZENS BCSHS -CL A
NASDAQ:FCNCA (4/26/2024, 7:00:02 PM)
After market: 1754.5 0 (0%)1754.5
-45.85 (-2.55%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap27.25B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.36% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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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 | 10.01 | ||
| Fwd PE | 9.66 | ||
| 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)2.7
PEG (5Y)0.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 53.67% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 60.72% | ||
| 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 Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| 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)144.24%
EPS 3Y155.04%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)269.68%
Revenue growth 3Y115.97%
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