FIRST HORIZON CORP (FHN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FHN - US3205171057 - Common Stock
22.76 USD
-0.07 (-0.31%)
22.76 USD
0 (0%)
Taking everything into account, FHN scores 4 out of 10 in our fundamental rating. FHN was compared to 387 industry peers in the Banks industry. There are concerns on the financial health of FHN while its profitability can be described as average. FHN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FHN had positive earnings in the past year.
In the past year FHN had a positive cash flow from operations.
FHN had positive earnings in each of the past 5 years.
FHN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FHN has a Return On Assets of 1.03%. This is in the better half of the industry: FHN outperforms 63.31% of its industry peers.
FHN's Return On Equity of 9.58% is in line compared to the rest of the industry. FHN outperforms 59.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 9.58% | ||
| ROIC | N/A |
ROA(3y)1.02%
ROA(5y)1.02%
ROE(3y)9.5%
ROE(5y)10.1%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 26.30%, FHN is doing good in the industry, outperforming 62.02% of the companies in the same industry.
FHN's Profit Margin has been stable in the last couple of years.
FHN 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) | 26.3% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9.62%
PM growth 5Y-0.16%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FHN does not have a ROIC to compare to the WACC, probably because it is not profitable.
FHN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FHN has more shares outstanding
Compared to 1 year ago, FHN has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FHN is 14.73, which is on the high side as it means it would take FHN, 14.73 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FHN (14.73) is worse than 81.40% of its industry peers.
FHN has a Debt/Equity ratio of 0.63. This is a neutral value indicating FHN is somewhat dependend on debt financing.
The Debt to Equity ratio of FHN (0.63) is worse than 80.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 14.73 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.16%
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 impressive 24.83% over the past year.
FHN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.35% yearly.
The Revenue has decreased by -0.03% in the past year.
The Revenue has been growing by 11.34% on average over the past years. This is quite good.
EPS 1Y (TTM)24.83%
EPS 3Y-9%
EPS 5Y-1.35%
EPS Q2Q%21.43%
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y1.29%
Revenue growth 5Y11.34%
Sales Q2Q%7.37%
3.2 Future
Based on estimates for the next years, FHN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.36% on average per year.
Based on estimates for the next years, FHN will show a small growth in Revenue. The Revenue will grow by 3.34% on average per year.
EPS Next Y18.64%
EPS Next 2Y12.52%
EPS Next 3Y12.36%
EPS Next 5YN/A
Revenue Next Year3.22%
Revenue Next 2Y2.88%
Revenue Next 3Y3.34%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.57, the valuation of FHN can be described as correct.
FHN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.49, FHN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.52, the valuation of FHN can be described as reasonable.
60.98% of the companies in the same industry are cheaper than FHN, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.69. FHN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.57 | ||
| Fwd PE | 11.52 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FHN is valued a bit more expensive than 79.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.49 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FHN'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 FHN's earnings are expected to grow with 12.36% in the coming years.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y12.52%
EPS Next 3Y12.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.63%, FHN has a reasonable but not impressive dividend return.
FHN's Dividend Yield is comparable with the industry average which is at 3.11.
FHN's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
5.2 History
The dividend of FHN has a limited annual growth rate of 3.44%.
FHN has paid a dividend for at least 10 years, which is a reliable track record.
FHN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.44%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
FHN pays out 40.14% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FHN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.14%
EPS Next 2Y12.52%
EPS Next 3Y12.36%
22.76
-0.07 (-0.31%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners94.42%
Inst Owner Change-0.95%
Ins Owners0.77%
Ins Owner Change-6.14%
Market Cap11.21B
Revenue(TTM)3.26B
Net Income(TTM)857.00M
Analysts76.52
Price Target25.26 (10.98%)
Short Float %3.62%
Short Ratio1.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
Yearly Dividend0.67
Dividend Growth(5Y)3.44%
DP40.14%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.6%
Min EPS beat(2)7.44%
Max EPS beat(2)13.76%
EPS beat(4)4
Avg EPS beat(4)8.67%
Min EPS beat(4)4.65%
Max EPS beat(4)13.76%
EPS beat(8)7
Avg EPS beat(8)6.31%
EPS beat(12)9
Avg EPS beat(12)4.58%
EPS beat(16)12
Avg EPS beat(16)5.28%
Revenue beat(2)1
Avg Revenue beat(2)1.35%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)3.87%
Revenue beat(4)1
Avg Revenue beat(4)-5.04%
Min Revenue beat(4)-20.5%
Max Revenue beat(4)3.87%
Revenue beat(8)3
Avg Revenue beat(8)-2.71%
Revenue beat(12)5
Avg Revenue beat(12)-1.77%
Revenue beat(16)8
Avg Revenue beat(16)-0.92%
PT rev (1m)1.83%
PT rev (3m)0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.63%
EPS NY rev (1m)0.05%
EPS NY rev (3m)4.93%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.57 | ||
| Fwd PE | 11.52 | ||
| P/S | 3.44 | ||
| P/FCF | 29.49 | ||
| P/OCF | 26.49 | ||
| P/B | 1.25 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.81
EY7.95%
EPS(NY)1.98
Fwd EY8.68%
FCF(TTM)0.77
FCFY3.39%
OCF(TTM)0.86
OCFY3.77%
SpS6.62
BVpS18.17
TBVpS14.85
PEG (NY)0.67
PEG (5Y)N/A
Graham Number27.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 9.58% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 26.3% | ||
| GM | N/A | ||
| FCFM | 11.66% |
ROA(3y)1.02%
ROA(5y)1.02%
ROE(3y)9.5%
ROE(5y)10.1%
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-9.62%
PM growth 5Y-0.16%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 14.73 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 44.79% | ||
| Cap/Sales | 1.32% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 44.34% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC16.16%
ROIC/WACCN/A
Cap/Depr(3y)35.39%
Cap/Depr(5y)42.9%
Cap/Sales(3y)1.11%
Cap/Sales(5y)1.38%
Profit Quality(3y)190.82%
Profit Quality(5y)131.57%
High Growth Momentum
Growth
EPS 1Y (TTM)24.83%
EPS 3Y-9%
EPS 5Y-1.35%
EPS Q2Q%21.43%
EPS Next Y18.64%
EPS Next 2Y12.52%
EPS Next 3Y12.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y1.29%
Revenue growth 5Y11.34%
Sales Q2Q%7.37%
Revenue Next Year3.22%
Revenue Next 2Y2.88%
Revenue Next 3Y3.34%
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-59.14%
FCF growth 3Y21.17%
FCF growth 5Y9.4%
OCF growth 1Y-55.89%
OCF growth 3Y19.61%
OCF growth 5Y8.84%
FIRST HORIZON CORP / FHN FAQ
Can you provide the ChartMill fundamental rating for FIRST HORIZON CORP?
ChartMill assigns a fundamental rating of 4 / 10 to FHN.
Can you provide the valuation status for FIRST HORIZON CORP?
ChartMill assigns a valuation rating of 4 / 10 to FIRST HORIZON CORP (FHN). This can be considered as Fairly Valued.
How profitable is FIRST HORIZON CORP (FHN) stock?
FIRST HORIZON CORP (FHN) has a profitability rating of 4 / 10.
What is the valuation of FIRST HORIZON CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FIRST HORIZON CORP (FHN) is 12.57 and the Price/Book (PB) ratio is 1.25.
What is the financial health of FIRST HORIZON CORP (FHN) stock?
The financial health rating of FIRST HORIZON CORP (FHN) is 1 / 10.