FIRST HORIZON CORP (FHN) Fundamental Analysis & Valuation

NYSE:FHN • US3205171057

Current stock price

22.53 USD
-0.2 (-0.88%)
Last:

This FHN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. FHN Profitability Analysis

1.1 Basic Checks

  • FHN had positive earnings in the past year.
  • FHN had a positive operating cash flow in the past year.
  • 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.
FHN Yearly Net Income VS EBIT VS OCF VS FCFFHN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

1.2 Ratios

  • With a decent Return On Assets value of 1.14%, FHN is doing good in the industry, outperforming 67.89% of the companies in the same industry.
  • FHN has a Return On Equity of 10.82%. This is in the better half of the industry: FHN outperforms 67.63% of its industry peers.
Industry RankSector Rank
ROA 1.14%
ROE 10.82%
ROIC N/A
ROA(3y)1.03%
ROA(5y)1.06%
ROE(3y)9.6%
ROE(5y)10.21%
ROIC(3y)N/A
ROIC(5y)N/A
FHN Yearly ROA, ROE, ROICFHN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • FHN has a Profit Margin of 27.99%. This is in the better half of the industry: FHN outperforms 64.74% 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 RankSector Rank
OM N/A
PM (TTM) 27.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.08%
PM growth 5Y1.41%
GM growth 3YN/A
GM growth 5YN/A
FHN Yearly Profit, Operating, Gross MarginsFHN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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2

2. FHN Health Analysis

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.
  • FHN has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FHN has an improved debt to assets ratio.
FHN Yearly Shares OutstandingFHN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FHN Yearly Total Debt VS Total AssetsFHN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • FHN has a debt to FCF ratio of 7.69. This is a slightly negative value and a sign of low solvency as FHN would need 7.69 years to pay back of all of its debts.
  • The Debt to FCF ratio of FHN (7.69) is worse than 75.26% of its industry peers.
  • FHN has a Debt/Equity ratio of 0.52. This is a neutral value indicating FHN is somewhat dependend on debt financing.
  • FHN has a Debt to Equity ratio of 0.52. This is in the lower half of the industry: FHN underperforms 76.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 7.69
Altman-Z N/A
ROIC/WACCN/A
WACC14.31%
FHN Yearly LT Debt VS Equity VS FCFFHN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FHN Yearly Current Assets VS Current LiabilitesFHN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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5

3. FHN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 21.79% over the past year.
  • The Earnings Per Share has been growing by 12.38% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 7.21% in the past year.
  • Measured over the past years, FHN shows a small growth in Revenue. The Revenue has been growing by 1.63% on average per year.
EPS 1Y (TTM)21.79%
EPS 3Y4.39%
EPS 5Y12.38%
EPS Q2Q%20.93%
Revenue 1Y (TTM)7.21%
Revenue growth 3Y2.17%
Revenue growth 5Y1.63%
Sales Q2Q%34.75%

3.2 Future

  • FHN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.56% yearly.
  • Based on estimates for the next years, FHN will show a small growth in Revenue. The Revenue will grow by 4.94% on average per year.
EPS Next Y12.24%
EPS Next 2Y11.21%
EPS Next 3Y12.56%
EPS Next 5YN/A
Revenue Next Year6.97%
Revenue Next 2Y5.57%
Revenue Next 3Y4.94%
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 stable.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FHN Yearly Revenue VS EstimatesFHN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
FHN Yearly EPS VS EstimatesFHN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2 2.5

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4

4. FHN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.86 indicates a reasonable valuation of FHN.
  • FHN's Price/Earnings ratio is in line with the industry average.
  • FHN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.61.
  • Based on the Price/Forward Earnings ratio of 10.56, the valuation of FHN can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FHN is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of FHN to the average of the S&P500 Index (22.79), we can say FHN is valued rather cheaply.
Industry RankSector Rank
PE 11.86
Fwd PE 10.56
FHN Price Earnings VS Forward Price EarningsFHN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 71.05% of the companies in the same industry are cheaper than FHN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 18.3
EV/EBITDA N/A
FHN Per share dataFHN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FHN's earnings are expected to grow with 12.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.97
PEG (5Y)0.96
EPS Next 2Y11.21%
EPS Next 3Y12.56%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

9

5. FHN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.84%, FHN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.78, FHN pays a better dividend. On top of this FHN pays more dividend than 97.63% of the companies listed in the same industry.
  • FHN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.84%

5.2 History

  • The dividend of FHN has a limited annual growth rate of 4.08%.
  • 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)4.08%
Div Incr Years0
Div Non Decr Years13
FHN Yearly Dividends per shareFHN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 35.53% of the earnings are spent on dividend by FHN. This is a low number and sustainable payout ratio.
  • FHN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP35.53%
EPS Next 2Y11.21%
EPS Next 3Y12.56%
FHN Yearly Income VS Free CF VS DividendFHN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B
FHN Dividend Payout.FHN Dividend Payout, showing the Payout Ratio.FHN Dividend Payout.PayoutRetained Earnings

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FHN Fundamentals: All Metrics, Ratios and Statistics

FIRST HORIZON CORP

NYSE:FHN (3/26/2026, 2:09:01 PM)

22.53

-0.2 (-0.88%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-15
Earnings (Next)04-14
Inst Owners88.45%
Inst Owner Change-4.66%
Ins Owners0.83%
Ins Owner Change0.08%
Market Cap10.89B
Revenue(TTM)3.42B
Net Income(TTM)957.00M
Analysts75.65
Price Target28.02 (24.37%)
Short Float %2.02%
Short Ratio1.46
Dividend
Industry RankSector Rank
Dividend Yield 6.84%
Yearly Dividend0.67
Dividend Growth(5Y)4.08%
DP35.53%
Div Incr Years0
Div Non Decr Years13
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.9%
Min EPS beat(2)12.05%
Max EPS beat(2)13.76%
EPS beat(4)4
Avg EPS beat(4)9.48%
Min EPS beat(4)4.65%
Max EPS beat(4)13.76%
EPS beat(8)7
Avg EPS beat(8)7.1%
EPS beat(12)9
Avg EPS beat(12)5.11%
EPS beat(16)12
Avg EPS beat(16)4.48%
Revenue beat(2)2
Avg Revenue beat(2)3.15%
Min Revenue beat(2)2.43%
Max Revenue beat(2)3.87%
Revenue beat(4)2
Avg Revenue beat(4)0.69%
Min Revenue beat(4)-2.37%
Max Revenue beat(4)3.87%
Revenue beat(8)3
Avg Revenue beat(8)-2.47%
Revenue beat(12)5
Avg Revenue beat(12)-1.79%
Revenue beat(16)8
Avg Revenue beat(16)-0.83%
PT rev (1m)0.21%
PT rev (3m)10.93%
EPS NQ rev (1m)0.45%
EPS NQ rev (3m)9.98%
EPS NY rev (1m)-0.5%
EPS NY rev (3m)7.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.7%
Valuation
Industry RankSector Rank
PE 11.86
Fwd PE 10.56
P/S 3.18
P/FCF 18.3
P/OCF 17.33
P/B 1.23
P/tB 1.51
EV/EBITDA N/A
EPS(TTM)1.9
EY8.43%
EPS(NY)2.13
Fwd EY9.47%
FCF(TTM)1.23
FCFY5.47%
OCF(TTM)1.3
OCFY5.77%
SpS7.08
BVpS18.31
TBVpS14.97
PEG (NY)0.97
PEG (5Y)0.96
Graham Number27.98
Profitability
Industry RankSector Rank
ROA 1.14%
ROE 10.82%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.99%
GM N/A
FCFM 17.4%
ROA(3y)1.03%
ROA(5y)1.06%
ROE(3y)9.6%
ROE(5y)10.21%
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 3Y1.08%
PM growth 5Y1.41%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 7.69
Debt/EBITDA N/A
Cap/Depr 35.11%
Cap/Sales 0.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 62.17%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.31%
ROIC/WACCN/A
Cap/Depr(3y)38.61%
Cap/Depr(5y)37.32%
Cap/Sales(3y)1.14%
Cap/Sales(5y)1.2%
Profit Quality(3y)124.66%
Profit Quality(5y)140.91%
High Growth Momentum
Growth
EPS 1Y (TTM)21.79%
EPS 3Y4.39%
EPS 5Y12.38%
EPS Q2Q%20.93%
EPS Next Y12.24%
EPS Next 2Y11.21%
EPS Next 3Y12.56%
EPS Next 5YN/A
Revenue 1Y (TTM)7.21%
Revenue growth 3Y2.17%
Revenue growth 5Y1.63%
Sales Q2Q%34.75%
Revenue Next Year6.97%
Revenue Next 2Y5.57%
Revenue Next 3Y4.94%
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-51.39%
FCF growth 3Y-35.94%
FCF growth 5Y39.16%
OCF growth 1Y-50.47%
OCF growth 3Y-35.04%
OCF growth 5Y29.56%

FIRST HORIZON CORP / FHN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIRST HORIZON CORP?

ChartMill assigns a fundamental rating of 4 / 10 to FHN.


What is the valuation status of FIRST HORIZON CORP (FHN) stock?

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.


Can you provide the expected EPS growth for FHN stock?

The Earnings per Share (EPS) of FIRST HORIZON CORP (FHN) is expected to grow by 12.24% in the next year.


Is the dividend of FIRST HORIZON CORP sustainable?

The dividend rating of FIRST HORIZON CORP (FHN) is 9 / 10 and the dividend payout ratio is 35.53%.