FNB CORP (FNB)
US3025201019 - Common Stock
FNB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 416 industry peers in the Banks industry. While FNB is still in line with the averages on profitability rating, there are concerns on its financial health. FNB has a decent growth rate and is not valued too expensively. Finally FNB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FNB was profitable.
In the past year FNB had a positive cash flow from operations.
FNB had positive earnings in each of the past 5 years.
FNB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FNB's Return On Assets of 1.24% is fine compared to the rest of the industry. FNB outperforms 74.22% of its industry peers.
FNB has a worse Return On Equity (9.59%) than 60.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 9.59% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)0.99%
ROE(3y)6.98%
ROE(5y)7.32%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FNB has a Profit Margin of 34.28%. This is amongst the best in the industry. FNB outperforms 85.54% of its industry peers.
In the last couple of years the Profit Margin of FNB has grown nicely.
FNB 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) | 34.28% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.54%
PM growth 5Y11.41%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FNB has been increased compared to 1 year ago.
FNB has more shares outstanding than it did 5 years ago.
FNB has a worse debt/assets ratio than last year.
2.2 Solvency
FNB has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as FNB would need 2.20 years to pay back of all of its debts.
FNB has a Debt to FCF ratio (2.20) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.18 indicates that FNB is not too dependend on debt financing.
The Debt to Equity ratio of FNB (0.18) is better than 60.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.57%
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 30.40% over the past year.
Measured over the past years, FNB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.14% on average per year.
FNB shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.82%.
The Revenue has been growing slightly by 5.60% on average over the past years.
EPS 1Y (TTM)30.4%
EPS 3Y5.31%
EPS 5Y8.14%
EPS growth Q2Q2.56%
Revenue 1Y (TTM)23.82%
Revenue growth 3Y6.02%
Revenue growth 5Y5.6%
Revenue growth Q2Q7.11%
3.2 Future
The Earnings Per Share is expected to grow by 2.85% on average over the next years.
Based on estimates for the next years, FNB will show a small growth in Revenue. The Revenue will grow by 5.72% on average per year.
EPS Next Y8.23%
EPS Next 2Y2.77%
EPS Next 3Y2.85%
EPS Next 5YN/A
Revenue Next Year13.96%
Revenue Next 2Y7.04%
Revenue Next 3Y5.72%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 7.36 indicates a rather cheap valuation of FNB.
73.25% of the companies in the same industry are more expensive than FNB, based on the Price/Earnings ratio.
FNB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.69.
FNB is valuated reasonably with a Price/Forward Earnings ratio of 8.17.
74.22% of the companies in the same industry are more expensive than FNB, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 19.79, FNB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.36 | ||
| Fwd PE | 8.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FNB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.09 | ||
| EV/EBITDA | N/A |
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.
PEG (NY)0.89
PEG (5Y)0.9
EPS Next 2Y2.77%
EPS Next 3Y2.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.11%, FNB is a good candidate for dividend investing.
FNB's Dividend Yield is a higher than the industry average which is at 3.95.
Compared to an average S&P500 Dividend Yield of 2.63, FNB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
5.2 History
The dividend of FNB decreases each year by -0.27%.
FNB has been paying a dividend for at least 10 years, so it has a reliable track record.
FNB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.27%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
FNB pays out 31.86% of its income as dividend. This is a sustainable payout ratio.
DP31.86%
EPS Next 2Y2.77%
EPS Next 3Y2.85%
FNB CORP
NYSE:FNB (11/30/2023, 6:01:37 PM)
After market: 11.99 0 (0%)11.99
+0.04 (+0.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-18 2023-10-18/amc
Earnings (Next)01-22 2024-01-22/amc
Inst Owners77.34%
Inst Owner Change-0.25%
Ins Owners1.7%
Ins Owner Change0%
Market Cap4.30B
Analysts80
Price Target14.28 (19.1%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
Dividend Growth(5Y)-0.27%
DP31.86%
Div Incr Years0
Div Non Decr Years13
Ex-Date12-04 2023-12-04 (0.12)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.14%
Min EPS beat(2)2.49%
Max EPS beat(2)9.78%
EPS beat(4)4
Avg EPS beat(4)4.63%
Min EPS beat(4)1.88%
Max EPS beat(4)9.78%
Revenue beat(2)1
Avg Revenue beat(2)0%
Min Revenue beat(2)-0.05%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)0.61%
Min Revenue beat(4)-0.59%
Max Revenue beat(4)3.04%
PT rev (1m)-3.08%
PT rev (3m)-3.82%
EPS NQ rev (1m)3.42%
EPS NQ rev (3m)3.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.79%
Revenue NQ rev (1m)1.25%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.36 | ||
| Fwd PE | 8.17 | ||
| P/S | 2.61 | ||
| P/FCF | 8.09 | ||
| P/OCF | 6.94 | ||
| P/B | 0.73 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.63
EY13.59%
EPS(NY)1.47
Fwd EY12.24%
FCF(TTM)1.48
FCFY12.37%
OCF(TTM)1.73
OCFY14.41%
SpS4.59
BVpS16.43
TBVpS9.32
PEG (NY)0.89
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 9.59% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 34.28% | ||
| GM | N/A | ||
| FCFM | 32.28% |
ROA(3y)0.91%
ROA(5y)0.99%
ROE(3y)6.98%
ROE(5y)7.32%
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-1.54%
PM growth 5Y11.41%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.2 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 110% | ||
| Cap/Sales | 5.34% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 94.16% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC8.57%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)4.88%
Cap/Sales(5y)4.27%
Profit Quality(3y)135.12%
Profit Quality(5y)123.87%
Growth
EPS 1Y (TTM)30.4%
EPS 3Y5.31%
EPS 5Y8.14%
EPS growth Q2Q2.56%
EPS Next Y8.23%
EPS Next 2Y2.77%
EPS Next 3Y2.85%
EPS Next 5YN/A
Revenue 1Y (TTM)23.82%
Revenue growth 3Y6.02%
Revenue growth 5Y5.6%
Revenue growth Q2Q7.11%
Revenue Next Year13.96%
Revenue Next 2Y7.04%
Revenue Next 3Y5.72%
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 1Y0.95%
FCF growth 3Y74.05%
FCF growth 5Y38.29%
OCF growth 1Y7.27%
OCF growth 3Y67.54%
OCF growth 5Y34.29%