FIRST FINL BANKSHARES INC (FFIN) Stock Fundamental Analysis
NASDAQ:FFIN - Nasdaq - US32020R1095 - Common Stock - Currency: USD
Taking everything into account, FFIN scores 4 out of 10 in our fundamental rating. FFIN was compared to 396 industry peers in the Banks industry. Both the profitability and the financial health of FFIN get a neutral evaluation. Nothing too spectacular is happening here. FFIN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FFIN was profitable.
FFIN had a positive operating cash flow in the past year.
Each year in the past 5 years FFIN has been profitable.
FFIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 1.62%, FFIN belongs to the best of the industry, outperforming 92.93% of the companies in the same industry.
FFIN has a better Return On Equity (13.78%) than 89.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 13.78% | ||
| ROIC | N/A |
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FFIN (40.60%) is better than 96.21% of its industry peers.
In the last couple of years the Profit Margin of FFIN has remained more or less at the same level.
FFIN 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) | 40.6% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.95%
PM growth 5Y-0.43%
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 about the same amount of shares outstanding.
The number of shares outstanding for FFIN has been increased compared to 5 years ago.
The debt/assets ratio for FFIN has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FFIN is 0.28, which is an excellent value as it means it would take FFIN, only 0.28 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FFIN (0.28) is better than 85.61% of its industry peers.
FFIN has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.05, FFIN belongs to the top of the industry, outperforming 80.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.28 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.7%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FFIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.71%, which is quite good.
The Earnings Per Share has been growing slightly by 5.13% on average over the past years.
The Revenue has grown by 14.69% in the past year. This is quite good.
Measured over the past years, FFIN shows a small growth in Revenue. The Revenue has been growing by 6.74% on average per year.
EPS 1Y (TTM)15.71%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%16.22%
Revenue 1Y (TTM)14.69%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%17.74%
3.2 Future
FFIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.57% yearly.
FFIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.47% yearly.
EPS Next Y17.14%
EPS Next 2Y10.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.22%
Revenue Next 2Y9.47%
Revenue Next 3YN/A
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
A Price/Earnings ratio of 22.57 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 82.32% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.52, FFIN is valued at the same level.
With a Price/Forward Earnings ratio of 19.17, 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 78.03% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FFIN to the average of the S&P500 Index (22.25), we can say FFIN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.57 | ||
| Fwd PE | 19.17 |
4.2 Price Multiples
70.71% of the companies in the same industry are cheaper than FFIN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.67 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.32
PEG (5Y)4.4
EPS Next 2Y10.57%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.14%, FFIN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.50, 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 | 2.14% |
5.2 History
On average, the dividend of FFIN grows each year by 9.74%, which is quite nice.
FFIN has paid a dividend for at least 10 years, which is 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)9.74%
Div Incr Years14
Div Non Decr Years25
5.3 Sustainability
44.48% of the earnings are spent on dividend by FFIN. This is a bit on the high side, but may be sustainable.
FFIN's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP44.48%
EPS Next 2Y10.57%
EPS Next 3YN/A
36.56
+0.98 (+2.75%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.74%
Inst Owner Change-1.21%
Ins Owners4.12%
Ins Owner Change1.33%
Market Cap5.23B
Analysts48.89
Price Target37.49 (2.54%)
Short Float %5.62%
Short Ratio14.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
Yearly Dividend0.72
Dividend Growth(5Y)9.74%
DP44.48%
Div Incr Years14
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.12%
Min EPS beat(2)-1.16%
Max EPS beat(2)5.39%
EPS beat(4)2
Avg EPS beat(4)0.89%
Min EPS beat(4)-1.46%
Max EPS beat(4)5.39%
EPS beat(8)3
Avg EPS beat(8)-0.81%
EPS beat(12)4
Avg EPS beat(12)-1.19%
EPS beat(16)7
Avg EPS beat(16)-0.44%
Revenue beat(2)0
Avg Revenue beat(2)-1.29%
Min Revenue beat(2)-2.3%
Max Revenue beat(2)-0.28%
Revenue beat(4)0
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)-0.28%
Revenue beat(8)0
Avg Revenue beat(8)-3.44%
Revenue beat(12)0
Avg Revenue beat(12)-3.79%
Revenue beat(16)1
Avg Revenue beat(16)-3.55%
PT rev (1m)0%
PT rev (3m)-9.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.8%
EPS NY rev (1m)1.49%
EPS NY rev (3m)1.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.57 | ||
| Fwd PE | 19.17 | ||
| P/S | 9.17 | ||
| P/FCF | 17.67 | ||
| P/OCF | 16.83 | ||
| P/B | 3.11 | ||
| P/tB | 4.97 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.62
EY4.43%
EPS(NY)1.91
Fwd EY5.22%
FCF(TTM)2.07
FCFY5.66%
OCF(TTM)2.17
OCFY5.94%
SpS3.99
BVpS11.75
TBVpS7.36
PEG (NY)1.32
PEG (5Y)4.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 13.78% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 40.6% | ||
| GM | N/A | ||
| FCFM | 51.9% |
ROA(3y)1.64%
ROA(5y)1.7%
ROE(3y)15.24%
ROE(5y)14.14%
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-2.95%
PM growth 5Y-0.43%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.28 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 108.88% | ||
| Cap/Sales | 2.62% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 127.84% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC11.7%
ROIC/WACCN/A
Cap/Depr(3y)128.37%
Cap/Depr(5y)132.12%
Cap/Sales(3y)3.17%
Cap/Sales(5y)3.32%
Profit Quality(3y)132.31%
Profit Quality(5y)127.96%
High Growth Momentum
Growth
EPS 1Y (TTM)15.71%
EPS 3Y-0.63%
EPS 5Y5.13%
EPS Q2Q%16.22%
EPS Next Y17.14%
EPS Next 2Y10.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.69%
Revenue growth 3Y2.42%
Revenue growth 5Y6.74%
Sales Q2Q%17.74%
Revenue Next Year13.22%
Revenue Next 2Y9.47%
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-5.82%
FCF growth 3Y-4.28%
FCF growth 5Y8.61%
OCF growth 1Y-6.69%
OCF growth 3Y-4.29%
OCF growth 5Y8.86%