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REPUBLIC FIRST BANCORP INC (FRBK) Stock Fundamental Analysis

USA - NASDAQ:FRBK - US7604161072 - Common Stock

0.309 USD
-0.39 (-55.86%)
Last: 8/22/2023, 8:58:02 PM
0.311 USD
+0 (+0.65%)
After Hours: 8/22/2023, 8:58:02 PM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to FRBK. FRBK was compared to 392 industry peers in the Banks industry. FRBK may be in some trouble as it scores bad on both profitability and health. FRBK is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year FRBK has reported negative net income.
The reported net income has been mixed in the past 5 years: FRBK reported negative net income in multiple years.
In multiple years FRBK reported negative operating cash flow during the last 5 years.
FRBK Yearly Net Income VS EBIT VS OCF VS FCFFRBK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 20M -20M 40M 60M 80M

1.2 Ratios

FRBK's Return On Assets of 0.35% is on the low side compared to the rest of the industry. FRBK is outperformed by 91.55% of its industry peers.
FRBK's Return On Equity of 11.01% is in line compared to the rest of the industry. FRBK outperforms 48.07% of its industry peers.
Industry RankSector Rank
ROA 0.35%
ROE 11.01%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
FRBK Yearly ROA, ROE, ROICFRBK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 2 4 6

1.3 Margins

The Profit Margin of FRBK (13.38%) is worse than 89.61% of its industry peers.
FRBK's Profit Margin has improved in the last couple of years.
FRBK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 13.38%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y14.4%
PM growth 5Y11.36%
GM growth 3YN/A
GM growth 5YN/A
FRBK Yearly Profit, Operating, Gross MarginsFRBK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 5 10

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2. Health

2.1 Basic Checks

FRBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
FRBK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FRBK Yearly Shares OutstandingFRBK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 10M 20M 30M 40M 50M
FRBK Yearly Total Debt VS Total AssetsFRBK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 1B 2B 3B 4B 5B

2.2 Solvency

FRBK has a Debt/Equity ratio of 4.99. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.99, FRBK is not doing good in the industry: 99.28% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 4.99
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC5.12%
FRBK Yearly LT Debt VS Equity VS FCFFRBK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 0 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FRBK Yearly Current Assets VS Current LiabilitesFRBK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 200M 400M 600M

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3. Growth

3.1 Past

FRBK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -128.13%.
FRBK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.42% yearly.
FRBK shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.53%.
FRBK shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.90% yearly.
EPS 1Y (TTM)-128.12%
EPS 3Y30.06%
EPS 5Y22.42%
EPS Q2Q%-287.5%
Revenue 1Y (TTM)26.53%
Revenue growth 3Y18.96%
Revenue growth 5Y20.9%
Sales Q2Q%-37.6%

3.2 Future

FRBK is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -34.49% yearly.
Based on estimates for the next years, FRBK will show a very negative growth in Revenue. The Revenue will decrease by -10.07% on average per year.
EPS Next Y5.09%
EPS Next 2Y-73.78%
EPS Next 3Y-34.49%
EPS Next 5YN/A
Revenue Next Year7.77%
Revenue Next 2Y-18.41%
Revenue Next 3Y-10.07%
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 decreasing.
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.
FRBK Yearly Revenue VS EstimatesFRBK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
FRBK Yearly EPS VS EstimatesFRBK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0.2 -0.2

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4. Valuation

4.1 Price/Earnings Ratio

FRBK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year FRBK is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FRBK Price Earnings VS Forward Price EarningsFRBK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FRBK Per share dataFRBK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

FRBK's earnings are expected to decrease with -34.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-73.78%
EPS Next 3Y-34.49%

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4

5. Dividend

5.1 Amount

FRBK has a Yearly Dividend Yield of 19.22%, which is a nice return.
In the last 3 months the price of FRBK has falen by -79.12%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.73, FRBK pays a better dividend. On top of this FRBK pays more dividend than 100.00% of the companies listed in the same industry.
FRBK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 19.22%

5.2 History

FRBK is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

FRBK has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-4%
EPS Next 2Y-73.78%
EPS Next 3Y-34.49%
FRBK Yearly Income VS Free CF VS DividendFRBK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 0 20M -20M 40M 60M

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REPUBLIC FIRST BANCORP INC

NASDAQ:FRBK (8/22/2023, 8:58:02 PM)

After market: 0.311 +0 (+0.65%)

0.309

-0.39 (-55.86%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-31 2023-07-31/bmo
Earnings (Next)N/A N/A
Inst Owners0.26%
Inst Owner Change-53.82%
Ins Owners10.85%
Ins Owner Change0%
Market Cap21.69M
Analysts45.71
Price Target4.08 (1220.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 19.22%
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP-4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-161.72%
Min EPS beat(2)-213.12%
Max EPS beat(2)-110.32%
EPS beat(4)0
Avg EPS beat(4)-106.68%
Min EPS beat(4)-213.12%
Max EPS beat(4)-14.75%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-48.51%
Min Revenue beat(2)-48.51%
Max Revenue beat(2)-48.51%
Revenue beat(4)1
Avg Revenue beat(4)15.73%
Min Revenue beat(4)-48.51%
Max Revenue beat(4)97.55%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)60%
PT rev (3m)60%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.13
P/FCF N/A
P/OCF N/A
P/B 0.11
P/tB 0.11
EV/EBITDA N/A
EPS(TTM)-0.09
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.31
BVpS2.8
TBVpS2.8
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.35%
ROE 11.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 13.38%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y14.4%
PM growth 5Y11.36%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 4.99
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-ScoreN/A
WACC5.12%
ROIC/WACCN/A
Cap/Depr(3y)292.94%
Cap/Depr(5y)338.69%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-128.12%
EPS 3Y30.06%
EPS 5Y22.42%
EPS Q2Q%-287.5%
EPS Next Y5.09%
EPS Next 2Y-73.78%
EPS Next 3Y-34.49%
EPS Next 5YN/A
Revenue 1Y (TTM)26.53%
Revenue growth 3Y18.96%
Revenue growth 5Y20.9%
Sales Q2Q%-37.6%
Revenue Next Year7.77%
Revenue Next 2Y-18.41%
Revenue Next 3Y-10.07%
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 1Y378.42%
FCF growth 3Y48.24%
FCF growth 5YN/A
OCF growth 1Y870.05%
OCF growth 3Y27.75%
OCF growth 5Y73.27%