FS BANCORP INC (FSBW) Stock Fundamental Analysis
NASDAQ:FSBW - Nasdaq - US30263Y1047 - Common Stock - Currency: USD
Taking everything into account, FSBW scores 4 out of 10 in our fundamental rating. FSBW was compared to 397 industry peers in the Banks industry. There are concerns on the financial health of FSBW while its profitability can be described as average. FSBW has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FSBW had positive earnings in the past year.
FSBW had a positive operating cash flow in the past year.
In the past 5 years FSBW has always been profitable.
Of the past 5 years FSBW 4 years had a positive operating cash flow.
1.2 Ratios
FSBW's Return On Assets of 1.41% is amongst the best of the industry. FSBW outperforms 88.67% of its industry peers.
FSBW has a better Return On Equity (14.44%) than 90.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 14.44% | ||
| ROIC | N/A |
ROA(3y)1.15%
ROA(5y)1.38%
ROE(3y)12.54%
ROE(5y)13.9%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 23.72%, FSBW is in line with its industry, outperforming 51.64% of the companies in the same industry.
FSBW's Profit Margin has been stable in the last couple of years.
FSBW 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) | 23.72% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.05%
PM growth 5Y-0.34%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FSBW does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FSBW has been increased compared to 1 year ago.
The number of shares outstanding for FSBW has been reduced compared to 5 years ago.
Compared to 1 year ago, FSBW has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FSBW is 1.01, which is an excellent value as it means it would take FSBW, only 1.01 years of fcf income to pay off all of its debts.
FSBW has a Debt to FCF ratio of 1.01. This is in the better half of the industry: FSBW outperforms 73.30% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that FSBW is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.17, FSBW perfoms like the industry average, outperforming 53.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 1.01 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.33%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FSBW shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.51%.
FSBW shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.79% yearly.
The Revenue has grown by 25.27% in the past year. This is a very strong growth!
Measured over the past years, FSBW shows a quite strong growth in Revenue. The Revenue has been growing by 9.17% on average per year.
EPS 1Y (TTM)-3.51%
EPS 3Y0.77%
EPS 5Y11.79%
EPS Q2Q%-25.2%
Revenue 1Y (TTM)25.27%
Revenue growth 3Y5.24%
Revenue growth 5Y9.17%
Sales Q2Q%-0.52%
3.2 Future
FSBW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.04% yearly.
FSBW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.31% yearly.
EPS Next Y-3.56%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.63%
Revenue Next 2Y5.31%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.06, the valuation of FSBW can be described as very reasonable.
FSBW's Price/Earnings ratio is rather cheap when compared to the industry. FSBW is cheaper than 86.15% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.10. FSBW is valued rather cheaply when compared to this.
FSBW is valuated reasonably with a Price/Forward Earnings ratio of 9.40.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FSBW is on the same level as its industry peers.
FSBW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.06 | ||
| Fwd PE | 9.4 |
4.2 Price Multiples
89.17% of the companies in the same industry are more expensive than FSBW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.28 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y3.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FSBW has a Yearly Dividend Yield of 2.82%. Purely for dividend investing, there may be better candidates out there.
FSBW's Dividend Yield is comparable with the industry average which is at 3.49.
Compared to an average S&P500 Dividend Yield of 2.43, FSBW has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
5.2 History
On average, the dividend of FSBW grows each year by 26.69%, which is quite nice.
FSBW has paid a dividend for at least 10 years, which is a reliable track record.
FSBW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)26.69%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
FSBW pays out 19.35% of its income as dividend. This is a sustainable payout ratio.
FSBW's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP19.35%
EPS Next 2Y3.04%
EPS Next 3YN/A
39.88
-0.23 (-0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners71.01%
Inst Owner Change-0.57%
Ins Owners10.05%
Ins Owner Change2.88%
Market Cap308.67M
Analysts80
Price Target45.39 (13.82%)
Short Float %0.75%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
Yearly Dividend1.06
Dividend Growth(5Y)26.69%
DP19.35%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.47%
Min EPS beat(2)-13.55%
Max EPS beat(2)10.62%
EPS beat(4)3
Avg EPS beat(4)2.93%
Min EPS beat(4)-13.55%
Max EPS beat(4)10.62%
EPS beat(8)4
Avg EPS beat(8)2.82%
EPS beat(12)7
Avg EPS beat(12)2.96%
EPS beat(16)10
Avg EPS beat(16)6.67%
Revenue beat(2)1
Avg Revenue beat(2)-1.57%
Min Revenue beat(2)-3.65%
Max Revenue beat(2)0.5%
Revenue beat(4)3
Avg Revenue beat(4)-0.42%
Min Revenue beat(4)-3.65%
Max Revenue beat(4)0.76%
Revenue beat(8)5
Avg Revenue beat(8)-0.55%
Revenue beat(12)8
Avg Revenue beat(12)0%
Revenue beat(16)11
Avg Revenue beat(16)1.16%
PT rev (1m)-4.3%
PT rev (3m)-4.3%
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%
Revenue NY rev (1m)-0.81%
Revenue NY rev (3m)-1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.06 | ||
| Fwd PE | 9.4 | ||
| P/S | 1.71 | ||
| P/FCF | 6.28 | ||
| P/OCF | 6.07 | ||
| P/B | 1.04 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.4
EY11.03%
EPS(NY)4.24
Fwd EY10.64%
FCF(TTM)6.36
FCFY15.94%
OCF(TTM)6.57
OCFY16.47%
SpS23.27
BVpS38.21
TBVpS34.79
PEG (NY)N/A
PEG (5Y)0.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 14.44% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.72% | ||
| GM | N/A | ||
| FCFM | 27.31% |
ROA(3y)1.15%
ROA(5y)1.38%
ROE(3y)12.54%
ROE(5y)13.9%
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-7.05%
PM growth 5Y-0.34%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 1.01 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 15.47% | ||
| Cap/Sales | 0.91% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 115.15% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC7.33%
ROIC/WACCN/A
Cap/Depr(3y)13.37%
Cap/Depr(5y)12.71%
Cap/Sales(3y)1.2%
Cap/Sales(5y)1.26%
Profit Quality(3y)328.97%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.51%
EPS 3Y0.77%
EPS 5Y11.79%
EPS Q2Q%-25.2%
EPS Next Y-3.56%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)25.27%
Revenue growth 3Y5.24%
Revenue growth 5Y9.17%
Sales Q2Q%-0.52%
Revenue Next Year4.63%
Revenue Next 2Y5.31%
Revenue Next 3YN/A
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-35.28%
FCF growth 3Y-22.82%
FCF growth 5Y48.99%
OCF growth 1Y-34.56%
OCF growth 3Y-22.46%
OCF growth 5Y40.75%