Logo image of FSBW

FS BANCORP INC (FSBW) Stock Fundamental Analysis

NASDAQ:FSBW - Nasdaq - US30263Y1047 - Common Stock - Currency: USD

41.16  +1.78 (+4.52%)

After market: 41.16 0 (0%)

Fundamental Rating

4

Taking everything into account, FSBW scores 4 out of 10 in our fundamental rating. FSBW was compared to 395 industry peers in the Banks industry. There are concerns on the financial health of FSBW while its profitability can be described as average. FSBW is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

FSBW had positive earnings in the past year.
In the past year FSBW had a positive cash flow from operations.
In the past 5 years FSBW has always been profitable.
FSBW had a positive operating cash flow in 4 of the past 5 years.
FSBW Yearly Net Income VS EBIT VS OCF VS FCFFSBW 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 2023 2024 0 50M 100M 150M

1.2 Ratios

The Return On Assets of FSBW (1.38%) is better than 87.59% of its industry peers.
Looking at the Return On Equity, with a value of 14.17%, FSBW belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
Industry RankSector Rank
ROA 1.38%
ROE 14.17%
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
FSBW Yearly ROA, ROE, ROICFSBW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

FSBW has a Profit Margin (23.42%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of FSBW has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for FSBW so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 23.42%
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
FSBW Yearly Profit, Operating, Gross MarginsFSBW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

3

2. Health

2.1 Basic Checks

FSBW does not have a ROIC to compare to the WACC, probably because it is not profitable.
FSBW has more shares outstanding than it did 1 year ago.
FSBW has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FSBW has an improved debt to assets ratio.
FSBW Yearly Shares OutstandingFSBW Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
FSBW Yearly Total Debt VS Total AssetsFSBW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

FSBW has a debt to FCF ratio of 0.87. This is a very positive value and a sign of high solvency as it would only need 0.87 years to pay back of all of its debts.
FSBW has a better Debt to FCF ratio (0.87) than 77.47% of its industry peers.
FSBW has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.17, FSBW perfoms like the industry average, outperforming 51.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.87
Altman-Z N/A
ROIC/WACCN/A
WACC7.95%
FSBW Yearly LT Debt VS Equity VS FCFFSBW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FSBW Yearly Current Assets VS Current LiabilitesFSBW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2M 4M 6M

4

3. Growth

3.1 Past

FSBW shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.02%.
The Earnings Per Share has been growing by 11.79% on average over the past years. This is quite good.
FSBW shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.10%.
FSBW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.17% yearly.
EPS 1Y (TTM)-5.02%
EPS 3Y0.77%
EPS 5Y11.79%
EPS Q2Q%-4.72%
Revenue 1Y (TTM)26.1%
Revenue growth 3Y5.24%
Revenue growth 5Y9.17%
Sales Q2Q%1.84%

3.2 Future

Based on estimates for the next years, FSBW will show a small growth in Earnings Per Share. The EPS will grow by 1.42% on average per year.
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-6.27%
EPS Next 2Y1.42%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FSBW Yearly Revenue VS EstimatesFSBW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
FSBW Yearly EPS VS EstimatesFSBW Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

6

4. Valuation

4.1 Price/Earnings Ratio

FSBW is valuated reasonably with a Price/Earnings ratio of 9.46.
Compared to the rest of the industry, the Price/Earnings ratio of FSBW indicates a rather cheap valuation: FSBW is cheaper than 86.84% of the companies listed in the same industry.
FSBW's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.21.
With a Price/Forward Earnings ratio of 9.10, the valuation of FSBW can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FSBW indicates a somewhat cheap valuation: FSBW is cheaper than 66.58% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, FSBW is valued rather cheaply.
Industry RankSector Rank
PE 9.46
Fwd PE 9.1
FSBW Price Earnings VS Forward Price EarningsFSBW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSBW indicates a rather cheap valuation: FSBW is cheaper than 89.37% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.55
EV/EBITDA N/A
FSBW Per share dataFSBW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y1.42%
EPS Next 3YN/A

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.79%, FSBW has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.47, FSBW has a dividend in line with its industry peers.
FSBW's Dividend Yield is comparable with the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 2.79%

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
FSBW Yearly Dividends per shareFSBW Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

FSBW pays out 19.89% 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.
DP19.89%
EPS Next 2Y1.42%
EPS Next 3YN/A
FSBW Yearly Income VS Free CF VS DividendFSBW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M
FSBW Dividend Payout.FSBW Dividend Payout, showing the Payout Ratio.FSBW Dividend Payout.PayoutRetained Earnings

FS BANCORP INC

NASDAQ:FSBW (7/1/2025, 8:27:25 PM)

After market: 41.16 0 (0%)

41.16

+1.78 (+4.52%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-22 2025-04-22/amc
Earnings (Next)07-24 2025-07-24/amc
Inst Owners70.37%
Inst Owner Change7.81%
Ins Owners9.17%
Ins Owner Change0.65%
Market Cap316.93M
Analysts80
Price Target44.37 (7.8%)
Short Float %1.22%
Short Ratio4.74
Dividend
Industry RankSector Rank
Dividend Yield 2.79%
Yearly Dividend1.06
Dividend Growth(5Y)26.69%
DP19.89%
Div Incr Years11
Div Non Decr Years11
Ex-Date05-08 2025-05-08 (0.28)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.73%
Min EPS beat(2)-13.55%
Max EPS beat(2)6.09%
EPS beat(4)3
Avg EPS beat(4)2.94%
Min EPS beat(4)-13.55%
Max EPS beat(4)10.62%
EPS beat(8)5
Avg EPS beat(8)3.59%
EPS beat(12)7
Avg EPS beat(12)2.48%
EPS beat(16)10
Avg EPS beat(16)4.07%
Revenue beat(2)0
Avg Revenue beat(2)-2.72%
Min Revenue beat(2)-3.65%
Max Revenue beat(2)-1.78%
Revenue beat(4)2
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-3.65%
Max Revenue beat(4)0.73%
Revenue beat(8)4
Avg Revenue beat(8)-1.01%
Revenue beat(12)8
Avg Revenue beat(12)0.03%
Revenue beat(16)10
Avg Revenue beat(16)0.28%
PT rev (1m)0%
PT rev (3m)-6.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.81%
Valuation
Industry RankSector Rank
PE 9.46
Fwd PE 9.1
P/S 1.75
P/FCF 5.55
P/OCF 5.4
P/B 1.06
P/tB 1.16
EV/EBITDA N/A
EPS(TTM)4.35
EY10.57%
EPS(NY)4.53
Fwd EY10.99%
FCF(TTM)7.41
FCFY18.01%
OCF(TTM)7.63
OCFY18.53%
SpS23.48
BVpS38.81
TBVpS35.51
PEG (NY)N/A
PEG (5Y)0.8
Profitability
Industry RankSector Rank
ROA 1.38%
ROE 14.17%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.42%
GM N/A
FCFM 31.58%
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 RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.87
Debt/EBITDA N/A
Cap/Depr 16.17%
Cap/Sales 0.9%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 134.85%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC7.95%
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)-5.02%
EPS 3Y0.77%
EPS 5Y11.79%
EPS Q2Q%-4.72%
EPS Next Y-6.27%
EPS Next 2Y1.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)26.1%
Revenue growth 3Y5.24%
Revenue growth 5Y9.17%
Sales Q2Q%1.84%
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-44.62%
FCF growth 3Y-22.82%
FCF growth 5Y48.99%
OCF growth 1Y-44.34%
OCF growth 3Y-22.46%
OCF growth 5Y40.75%