FIRST FINL BANKSHARES INC (FFIN)
US32020R1095 - Common Stock
We assign a fundamental rating of 3 out of 10 to FFIN. FFIN was compared to 412 industry peers in the Banks industry. While FFIN is still in line with the averages on profitability rating, there are concerns on its financial health. FFIN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
FFIN had positive earnings in the past year.
FFIN had a positive operating cash flow in the past year.
FFIN had positive earnings in each of the past 5 years.
FFIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FFIN has a better Return On Assets (1.52%) than 89.56% of its industry peers.
With an excellent Return On Equity value of 13.28%, FFIN belongs to the best of the industry, outperforming 84.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 13.28% | ||
| ROIC | N/A |
ROA(3y)1.69%
ROA(5y)1.78%
ROE(3y)14.91%
ROE(5y)14.04%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 40.48%, FFIN belongs to the top of the industry, outperforming 95.39% of the companies in the same industry.
In the last couple of years the Profit Margin of FFIN has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for FFIN so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 40.48% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.64%
PM growth 5Y0.13%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FFIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FFIN has more shares outstanding
Compared to 5 years ago, FFIN has more shares outstanding
FFIN has a better debt/assets ratio than last year.
2.2 Solvency
FFIN has a debt to FCF ratio of 1.51. This is a very positive value and a sign of high solvency as it would only need 1.51 years to pay back of all of its debts.
FFIN has a Debt to FCF ratio of 1.51. This is in the better half of the industry: FFIN outperforms 66.50% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that FFIN is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.27, FFIN perfoms like the industry average, outperforming 44.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 1.51 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.59%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FFIN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.11%.
FFIN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.66% yearly.
The Revenue has decreased by -7.73% in the past year.
FFIN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.60% yearly.
EPS 1Y (TTM)-14.11%
EPS 3Y-0.47%
EPS 5Y4.66%
EPS growth Q2Q-21.95%
Revenue 1Y (TTM)-7.73%
Revenue growth 3Y0.14%
Revenue growth 5Y5.6%
Revenue growth Q2Q-9.82%
3.2 Future
Based on estimates for the next years, FFIN will show a small growth in Earnings Per Share. The EPS will grow by 6.81% on average per year.
FFIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.28% yearly.
EPS Next Y5.35%
EPS Next 2Y6.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.43%
Revenue Next 2Y6.28%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.44 indicates a rather expensive valuation of FFIN.
Compared to the rest of the industry, the Price/Earnings ratio of FFIN indicates a rather expensive valuation: FFIN more expensive than 87.14% of the companies listed in the same industry.
FFIN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.55.
With a Price/Forward Earnings ratio of 20.35, FFIN is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FFIN indicates a slightly more expensive valuation: FFIN is more expensive than 76.94% of the companies listed in the same industry.
FFIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.44 | ||
| Fwd PE | 20.35 |
4.2 Price Multiples
FFIN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FFIN is more expensive than 74.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.02 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FFIN does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.01
PEG (5Y)4.6
EPS Next 2Y6.81%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FFIN has a Yearly Dividend Yield of 2.37%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.86, FFIN is paying slightly less dividend.
FFIN's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
5.2 History
The dividend of FFIN is nicely growing with an annual growth rate of 11.71%!
FFIN has been paying a dividend for at least 10 years, so it has a reliable track record.
FFIN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.71%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
FFIN pays out 50.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FFIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP50.21%
EPS Next 2Y6.81%
EPS Next 3YN/A
FIRST FINL BANKSHARES INC
NASDAQ:FFIN (5/1/2024, 3:30:00 PM)
After market: 30.02 0 (0%)30.02
+0.46 (+1.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.29B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
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)
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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 | 21.44 | ||
| Fwd PE | 20.35 | ||
| 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)4.01
PEG (5Y)4.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 13.28% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 40.48% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| 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)-14.11%
EPS 3Y-0.47%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.35%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.73%
Revenue growth 3Y0.14%
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