FIRST FINANCIAL BANCORP (FFBC) Stock Fundamental Analysis
USA - NASDAQ:FFBC - US3202091092 - Common Stock
24.03 USD
+0.38 (+1.61%)
24.03 USD
0 (0%)
Overall FFBC gets a fundamental rating of 5 out of 10. We evaluated FFBC against 388 industry peers in the Banks industry. While FFBC is still in line with the averages on profitability rating, there are concerns on its financial health. FFBC is valued quite cheap, while showing a decent growth score. This is a good combination! Finally FFBC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FFBC had positive earnings in the past year.
In the past year FFBC had a positive cash flow from operations.
Each year in the past 5 years FFBC has been profitable.
In the past 5 years FFBC always reported a positive cash flow from operatings.
1.2 Ratios
FFBC has a better Return On Assets (1.28%) than 83.33% of its industry peers.
Looking at the Return On Equity, with a value of 9.33%, FFBC is in line with its industry, outperforming 57.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 9.33% | ||
| ROIC | N/A |
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FFBC has a better Profit Margin (28.00%) than 73.85% of its industry peers.
In the last couple of years the Profit Margin of FFBC has declined.
FFBC 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) | 28% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FFBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FFBC has more shares outstanding
FFBC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FFBC has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FFBC is 1.30, which is an excellent value as it means it would take FFBC, only 1.30 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.30, FFBC is doing good in the industry, outperforming 62.05% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that FFBC is not too dependend on debt financing.
FFBC has a Debt to Equity ratio (0.14) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.3 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.31%
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 16.38% over the past year.
The Earnings Per Share has been growing slightly by 2.32% on average over the past years.
The Revenue has grown by 8.98% in the past year. This is quite good.
Measured over the past years, FFBC shows a small growth in Revenue. The Revenue has been growing by 6.30% on average per year.
EPS 1Y (TTM)16.38%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%36.36%
Revenue 1Y (TTM)8.98%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%6.39%
3.2 Future
FFBC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.25% yearly.
FFBC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.75% yearly.
EPS Next Y18.57%
EPS Next 2Y14.81%
EPS Next 3Y12.25%
EPS Next 5YN/A
Revenue Next Year8.89%
Revenue Next 2Y14.02%
Revenue Next 3Y10.75%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
FFBC is valuated reasonably with a Price/Earnings ratio of 8.90.
FFBC's Price/Earnings ratio is rather cheap when compared to the industry. FFBC is cheaper than 85.90% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.06, FFBC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.60, the valuation of FFBC can be described as very cheap.
Based on the Price/Forward Earnings ratio, FFBC is valued cheaper than 87.18% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.73. FFBC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.9 | ||
| Fwd PE | 7.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FFBC indicates a somewhat cheap valuation: FFBC is cheaper than 76.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.58 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FFBC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FFBC's earnings are expected to grow with 12.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)3.84
EPS Next 2Y14.81%
EPS Next 3Y12.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.23%, FFBC is a good candidate for dividend investing.
FFBC's Dividend Yield is rather good when compared to the industry average which is at 3.38. FFBC pays more dividend than 81.28% of the companies in the same industry.
FFBC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
5.2 History
The dividend of FFBC has a limited annual growth rate of 0.66%.
FFBC has been paying a dividend for at least 10 years, so it has a reliable track record.
FFBC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.66%
Div Incr Years1
Div Non Decr Years10
5.3 Sustainability
38.60% of the earnings are spent on dividend by FFBC. This is a low number and sustainable payout ratio.
FFBC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP38.6%
EPS Next 2Y14.81%
EPS Next 3Y12.25%
24.03
+0.38 (+1.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.74%
Inst Owner Change0.17%
Ins Owners1.01%
Ins Owner Change1.01%
Market Cap2.30B
Revenue(TTM)884.98M
Net Income(TTM)238.63M
Analysts76.92
Price Target30.43 (26.63%)
Short Float %2.65%
Short Ratio4.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
Yearly Dividend0.94
Dividend Growth(5Y)0.66%
DP38.6%
Div Incr Years1
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.23%
Min EPS beat(2)-15.7%
Max EPS beat(2)5.25%
EPS beat(4)2
Avg EPS beat(4)-6.69%
Min EPS beat(4)-18.55%
Max EPS beat(4)5.25%
EPS beat(8)4
Avg EPS beat(8)-4.4%
EPS beat(12)6
Avg EPS beat(12)-2.86%
EPS beat(16)8
Avg EPS beat(16)-2.62%
Revenue beat(2)1
Avg Revenue beat(2)-3.88%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)-3.52%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)1.61%
Revenue beat(8)3
Avg Revenue beat(8)-2.81%
Revenue beat(12)5
Avg Revenue beat(12)-1.48%
Revenue beat(16)7
Avg Revenue beat(16)-1.26%
PT rev (1m)0.79%
PT rev (3m)1.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.11%
EPS NY rev (1m)9.99%
EPS NY rev (3m)8.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)2.01%
Revenue NY rev (3m)2.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.9 | ||
| Fwd PE | 7.6 | ||
| P/S | 2.7 | ||
| P/FCF | 8.58 | ||
| P/OCF | 7.99 | ||
| P/B | 0.9 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.7
EY11.24%
EPS(NY)3.16
Fwd EY13.17%
FCF(TTM)2.8
FCFY11.66%
OCF(TTM)3.01
OCFY12.52%
SpS8.9
BVpS26.72
TBVpS15.41
PEG (NY)0.48
PEG (5Y)3.84
Graham Number40.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 9.33% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 28% | ||
| GM | N/A | ||
| FCFM | 31.48% |
ROA(3y)1.32%
ROA(5y)1.24%
ROE(3y)10.44%
ROE(5y)9.45%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.94%
PM growth 5Y-3.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.3 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 65.89% | ||
| Cap/Sales | 2.32% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 112.43% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC15.31%
ROIC/WACCN/A
Cap/Depr(3y)64.7%
Cap/Depr(5y)58.27%
Cap/Sales(3y)2.45%
Cap/Sales(5y)2.47%
Profit Quality(3y)124.06%
Profit Quality(5y)123%
High Growth Momentum
Growth
EPS 1Y (TTM)16.38%
EPS 3Y4.39%
EPS 5Y2.32%
EPS Q2Q%36.36%
EPS Next Y18.57%
EPS Next 2Y14.81%
EPS Next 3Y12.25%
EPS Next 5YN/A
Revenue 1Y (TTM)8.98%
Revenue growth 3Y10.25%
Revenue growth 5Y6.3%
Sales Q2Q%6.39%
Revenue Next Year8.89%
Revenue Next 2Y14.02%
Revenue Next 3Y10.75%
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 1Y37.23%
FCF growth 3Y-13.71%
FCF growth 5Y7.83%
OCF growth 1Y34.54%
OCF growth 3Y-12.44%
OCF growth 5Y7.07%
FIRST FINANCIAL BANCORP / FFBC FAQ
What is the ChartMill fundamental rating of FIRST FINANCIAL BANCORP (FFBC) stock?
ChartMill assigns a fundamental rating of 5 / 10 to FFBC.
What is the valuation status for FFBC stock?
ChartMill assigns a valuation rating of 6 / 10 to FIRST FINANCIAL BANCORP (FFBC). This can be considered as Fairly Valued.
What is the profitability of FFBC stock?
FIRST FINANCIAL BANCORP (FFBC) has a profitability rating of 4 / 10.
What are the PE and PB ratios of FIRST FINANCIAL BANCORP (FFBC) stock?
The Price/Earnings (PE) ratio for FIRST FINANCIAL BANCORP (FFBC) is 8.9 and the Price/Book (PB) ratio is 0.9.
What is the financial health of FIRST FINANCIAL BANCORP (FFBC) stock?
The financial health rating of FIRST FINANCIAL BANCORP (FFBC) is 3 / 10.