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FIRST REPUBLIC BANK/CA (FRC) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:FRC - US33616C1009 - Common Stock

3.51 USD
-2.68 (-43.3%)
Last: 4/28/2023, 8:15:36 PM
3.375 USD
-0.13 (-3.85%)
Pre-Market: 5/1/2023, 9:12:28 AM
Fundamental Rating

2

FRC gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 387 industry peers in the Banks industry. FRC has a bad profitability rating. Also its financial health evaluation is rather negative. FRC has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

FRC had positive earnings in the past year.
In the past 5 years FRC has always been profitable.
In the past 5 years FRC always reported a positive cash flow from operatings.
FRC Yearly Net Income VS EBIT VS OCF VS FCFFRC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

1.2 Ratios

FRC has negative profitability rations, so we won't be analyzing them here.
Industry RankSector Rank
ROA N/A
ROE N/A
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
FRC Yearly ROA, ROE, ROICFRC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2 4 6 8

1.3 Margins

Looking at the Profit Margin, with a value of 24.16%, FRC is doing worse than 68.37% of the companies in the same industry.
FRC's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for FRC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 24.16%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.87%
PM growth 5Y-0.83%
GM growth 3YN/A
GM growth 5YN/A
FRC Yearly Profit, Operating, Gross MarginsFRC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 5 10 15 20 25

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0

2. Health

2.1 Basic Checks

FRC does not have a ROIC to compare to the WACC, probably because it is not profitable.
FRC has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, FRC has an improved debt to assets ratio.
FRC Yearly Shares OutstandingFRC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M
FRC Yearly Total Debt VS Total AssetsFRC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 50B 100B 150B 200B

2.2 Solvency

Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6.65%
FRC Yearly LT Debt VS Equity VS FCFFRC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FRC Yearly Current Assets VS Current LiabilitesFRC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2019 2020 2021 2022 500M 1B 1.5B

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4

3. Growth

3.1 Past

The earnings per share for FRC have decreased by -3.73% in the last year.
Measured over the past years, FRC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.64% on average per year.
FRC shows a small growth in Revenue. In the last year, the Revenue has grown by 7.22%.
Measured over the past years, FRC shows a quite strong growth in Revenue. The Revenue has been growing by 17.56% on average per year.
EPS 1Y (TTM)-3.73%
EPS 3Y16.63%
EPS 5Y12.64%
EPS Q2Q%-38.5%
Revenue 1Y (TTM)7.22%
Revenue growth 3Y20.63%
Revenue growth 5Y17.56%
Sales Q2Q%-13.4%

3.2 Future

Based on estimates for the next years, FRC will show a small growth in Earnings Per Share. The EPS will grow by 4.25% on average per year.
FRC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.36% yearly.
EPS Next Y-86.04%
EPS Next 2Y-44.37%
EPS Next 3Y-29.16%
EPS Next 5Y4.25%
Revenue Next Year-38.58%
Revenue Next 2Y-11.26%
Revenue Next 3Y-0.07%
Revenue Next 5Y8.36%

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FRC Yearly Revenue VS EstimatesFRC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
FRC Yearly EPS VS EstimatesFRC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 0.47 indicates a rather cheap valuation of FRC.
Based on the Price/Earnings ratio, FRC is valued cheaper than 99.53% of the companies in the same industry.
FRC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.15.
With a Price/Forward Earnings ratio of 1.37, the valuation of FRC can be described as very cheap.
Based on the Price/Forward Earnings ratio, FRC is valued cheaper than 99.77% of the companies in the same industry.
FRC is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 0.47
Fwd PE 1.37
FRC Price Earnings VS Forward Price EarningsFRC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FRC Per share dataFRC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

FRC's earnings are expected to decrease with -29.16% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.04
EPS Next 2Y-44.37%
EPS Next 3Y-29.16%

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0

5. Dividend

5.1 Amount

No dividends for FRC!.
Industry RankSector Rank
Dividend Yield 0%

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FIRST REPUBLIC BANK/CA

NYSE:FRC (4/28/2023, 8:15:36 PM)

Premarket: 3.375 -0.13 (-3.85%)

3.51

-2.68 (-43.3%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2023-04-24/bmo
Earnings (Next)07-12 2023-07-12/bmo
Inst Owners0.02%
Inst Owner Change-12%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap642.33M
Revenue(TTM)5.68B
Net Income(TTM)1.37B
Analysts48
Price Target54.37 (1449%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.92
Dividend Growth(5Y)12.34%
DP19.75%
Div Incr Years10
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.57%
Min EPS beat(2)3.59%
Max EPS beat(2)43.56%
EPS beat(4)4
Avg EPS beat(4)12.46%
Min EPS beat(4)0.22%
Max EPS beat(4)43.56%
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)1
Avg Revenue beat(2)1.67%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)4.31%
Revenue beat(4)2
Avg Revenue beat(4)0.63%
Min Revenue beat(4)-2.31%
Max Revenue beat(4)4.31%
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)-50.19%
PT rev (3m)-62.27%
EPS NQ rev (1m)-107.84%
EPS NQ rev (3m)-103.54%
EPS NY rev (1m)-81.23%
EPS NY rev (3m)-83.86%
Revenue NQ rev (1m)-22.08%
Revenue NQ rev (3m)-43.34%
Revenue NY rev (1m)-36.81%
Revenue NY rev (3m)-39.83%
Valuation
Industry RankSector Rank
PE 0.47
Fwd PE 1.37
P/S 0.11
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)7.48
EY213.11%
EPS(NY)2.55
Fwd EY72.74%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS31.03
BVpSN/A
TBVpSN/A
PEG (NY)N/A
PEG (5Y)0.04
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.16%
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
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-0.87%
PM growth 5Y-0.83%
GM growth 3YN/A
GM growth 5YN/A
F-Score0
Asset TurnoverN/A
Health
Industry RankSector Rank
Debt/Equity N/A
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-Score0
WACC6.65%
ROIC/WACCN/A
Cap/Depr(3y)99.91%
Cap/Depr(5y)107.74%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)38.22%
Profit Quality(5y)64.97%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.73%
EPS 3Y16.63%
EPS 5Y12.64%
EPS Q2Q%-38.5%
EPS Next Y-86.04%
EPS Next 2Y-44.37%
EPS Next 3Y-29.16%
EPS Next 5Y4.25%
Revenue 1Y (TTM)7.22%
Revenue growth 3Y20.63%
Revenue growth 5Y17.56%
Sales Q2Q%-13.4%
Revenue Next Year-38.58%
Revenue Next 2Y-11.26%
Revenue Next 3Y-0.07%
Revenue Next 5Y8.36%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y10.83%
EBIT Next 5YN/A
FCF growth 1Y-94.53%
FCF growth 3Y-58.52%
FCF growth 5Y-42.1%
OCF growth 1Y-79.07%
OCF growth 3Y-35.49%
OCF growth 5Y-24.28%

FIRST REPUBLIC BANK/CA / FRC FAQ

Can you provide the ChartMill fundamental rating for FIRST REPUBLIC BANK/CA?

ChartMill assigns a fundamental rating of 2 / 10 to FRC.


What is the valuation status for FRC stock?

ChartMill assigns a valuation rating of 10 / 10 to FIRST REPUBLIC BANK/CA (FRC). This can be considered as Undervalued.


What is the profitability of FRC stock?

FIRST REPUBLIC BANK/CA (FRC) has a profitability rating of 0 / 10.


What is the expected EPS growth for FIRST REPUBLIC BANK/CA (FRC) stock?

The Earnings per Share (EPS) of FIRST REPUBLIC BANK/CA (FRC) is expected to decline by -86.04% in the next year.


How sustainable is the dividend of FIRST REPUBLIC BANK/CA (FRC) stock?

The dividend rating of FIRST REPUBLIC BANK/CA (FRC) is 0 / 10 and the dividend payout ratio is 19.75%.