FIRST HORIZON CORP (FHN) Stock Fundamental Analysis
USA - NYSE:FHN - US3205171057 - Common Stock
21.46 USD
+0.1 (+0.47%)
20.7085 USD
-0.75 (-3.5%)
Overall FHN gets a fundamental rating of 4 out of 10. We evaluated FHN against 390 industry peers in the Banks industry. While FHN is still in line with the averages on profitability rating, there are concerns on its financial health. FHN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FHN was profitable.
FHN had a positive operating cash flow in the past year.
In the past 5 years FHN has always been profitable.
Each year in the past 5 years FHN had a positive operating cash flow.
1.2 Ratios
FHN has a Return On Assets of 0.99%. This is in the better half of the industry: FHN outperforms 63.59% of its industry peers.
The Return On Equity of FHN (9.11%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 9.11% | ||
| 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
FHN has a Profit Margin of 25.52%. This is in the better half of the industry: FHN outperforms 62.31% of its industry peers.
In the last couple of years the Profit Margin of FHN has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for FHN so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.52% | ||
| 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
FHN has a worse debt/assets ratio than last year.
2.2 Solvency
FHN has a debt to FCF ratio of 4.95. This is a neutral value as FHN would need 4.95 years to pay back of all of its debts.
FHN has a worse Debt to FCF ratio (4.95) than 68.21% of its industry peers.
FHN has a Debt/Equity ratio of 0.54. This is a neutral value indicating FHN is somewhat dependend on debt financing.
FHN has a Debt to Equity ratio of 0.54. This is in the lower half of the industry: FHN underperforms 77.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 4.95 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.37%
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.
The Earnings Per Share has been decreasing by -1.35% on average over the past years.
The Revenue has decreased by -7.99% 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)-7.99%
Revenue growth 3Y1.29%
Revenue growth 5Y11.34%
Sales Q2Q%7.37%
3.2 Future
The Earnings Per Share is expected to grow by 12.28% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.40% on average over the next years.
EPS Next Y17.92%
EPS Next 2Y12.29%
EPS Next 3Y12.28%
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y2.92%
Revenue Next 3Y3.4%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.86 indicates a reasonable valuation of FHN.
FHN's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of FHN to the average of the S&P500 Index (26.51), we can say FHN is valued rather cheaply.
FHN is valuated reasonably with a Price/Forward Earnings ratio of 10.91.
FHN's Price/Forward Earnings is on the same level as the industry average.
FHN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.53.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FHN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.05 | ||
| 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 12.28% in the coming years.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y12.29%
EPS Next 3Y12.28%
5. Dividend
5.1 Amount
FHN has a Yearly Dividend Yield of 2.86%. Purely for dividend investing, there may be better candidates out there.
FHN's Dividend Yield is comparable with the industry average which is at 3.44.
FHN's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
5.2 History
The dividend of FHN has a limited annual growth rate of 3.44%.
FHN has been paying a dividend for at least 10 years, so it has 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
42.77% of the earnings are spent on dividend by FHN. 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.
DP42.77%
EPS Next 2Y12.29%
EPS Next 3Y12.28%
21.46
+0.1 (+0.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners88.49%
Inst Owner Change-1.37%
Ins Owners0.75%
Ins Owner Change-6.15%
Market Cap10.73B
Revenue(TTM)3.19B
Net Income(TTM)816.00M
Analysts77.39
Price Target24.81 (15.61%)
Short Float %3.14%
Short Ratio1.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
Yearly Dividend0.67
Dividend Growth(5Y)3.44%
DP42.77%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.05%
Min EPS beat(2)4.65%
Max EPS beat(2)7.44%
EPS beat(4)4
Avg EPS beat(4)7.74%
Min EPS beat(4)4.65%
Max EPS beat(4)10.03%
EPS beat(8)7
Avg EPS beat(8)5.75%
EPS beat(12)9
Avg EPS beat(12)3.54%
EPS beat(16)12
Avg EPS beat(16)5.76%
Revenue beat(2)0
Avg Revenue beat(2)-1.78%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)-1.18%
Revenue beat(4)0
Avg Revenue beat(4)-6.1%
Min Revenue beat(4)-20.5%
Max Revenue beat(4)-0.37%
Revenue beat(8)2
Avg Revenue beat(8)-4.42%
Revenue beat(12)5
Avg Revenue beat(12)-1.57%
Revenue beat(16)7
Avg Revenue beat(16)-1.27%
PT rev (1m)-1.47%
PT rev (3m)2.9%
EPS NQ rev (1m)0.62%
EPS NQ rev (3m)0.84%
EPS NY rev (1m)4.28%
EPS NY rev (3m)7.26%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)1.3%
Revenue NY rev (3m)1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 10.91 | ||
| P/S | 3.36 | ||
| P/FCF | 11.05 | ||
| P/OCF | 10.6 | ||
| P/B | 1.2 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.81
EY8.43%
EPS(NY)1.97
Fwd EY9.17%
FCF(TTM)1.94
FCFY9.05%
OCF(TTM)2.02
OCFY9.43%
SpS6.39
BVpS17.92
TBVpS14.61
PEG (NY)0.66
PEG (5Y)N/A
Graham Number27.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 9.11% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25.52% | ||
| GM | N/A | ||
| FCFM | 30.37% |
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-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 4.95 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 41.84% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 119% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC16.37%
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 Y17.92%
EPS Next 2Y12.29%
EPS Next 3Y12.28%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.99%
Revenue growth 3Y1.29%
Revenue growth 5Y11.34%
Sales Q2Q%7.37%
Revenue Next Year3.04%
Revenue Next 2Y2.92%
Revenue Next 3Y3.4%
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-3.48%
FCF growth 3Y21.17%
FCF growth 5Y9.4%
OCF growth 1Y-1.65%
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 5 / 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 11.86 and the Price/Book (PB) ratio is 1.2.
What is the financial health of FIRST HORIZON CORP (FHN) stock?
The financial health rating of FIRST HORIZON CORP (FHN) is 1 / 10.