FS BANCORP INC (FSBW) Fundamental Analysis & Valuation

NASDAQ:FSBW • US30263Y1047

40.055 USD
-0.52 (-1.27%)
Last: Mar 5, 2026, 09:35 AM
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This FSBW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FSBW. FSBW was compared to 379 industry peers in the Banks industry. FSBW has a bad profitability rating. Also its financial health evaluation is rather negative. FSBW has a valuation in line with the averages, but it does not seem to be growing. FSBW also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. FSBW Profitability Analysis

1.1 Basic Checks

  • In the past year FSBW was profitable.
  • FSBW had a positive operating cash flow in the past year.
  • FSBW had positive earnings in 4 of the past 5 years.
  • Of the past 5 years FSBW 4 years had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

  • FSBW has a Return On Assets of 0.99%. This is comparable to the rest of the industry: FSBW outperforms 56.46% of its industry peers.
  • The Return On Equity of FSBW (10.55%) is better than 67.81% of its industry peers.
Industry RankSector Rank
ROA 0.99%
ROE 10.55%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 21.36%, FSBW is doing worse than 63.59% of the companies in the same industry.
  • FSBW's Profit Margin has been stable in the last couple of years.
  • 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) 21.36%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. FSBW Health Analysis

2.1 Basic Checks

  • FSBW does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for FSBW. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FSBW Yearly Shares OutstandingFSBW Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • FSBW has a debt to FCF ratio of 0.52. This is a very positive value and a sign of high solvency as it would only need 0.52 years to pay back of all of its debts.
  • FSBW's Debt to FCF ratio of 0.52 is fine compared to the rest of the industry. FSBW outperforms 79.95% 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 51.45% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.52
Altman-Z N/A
ROIC/WACCN/A
WACC7.09%
FSBW Yearly LT Debt VS Equity VS FCFFSBW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. FSBW Growth Analysis

3.1 Past

  • FSBW shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.73%.
  • The Earnings Per Share has been decreasing by -0.95% on average over the past years.
EPS 1Y (TTM)-2.73%
EPS 3Y5.07%
EPS 5Y-0.95%
EPS Q2Q%19.57%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.99%

3.2 Future

  • FSBW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.95% yearly.
  • The Revenue is expected to grow by 4.15% on average over the next years.
EPS Next Y4.26%
EPS Next 2Y6.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.19%
Revenue Next 2Y4.15%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
FSBW Yearly Revenue VS EstimatesFSBW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 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 2027 1 2 3 4

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6

4. FSBW Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.36 indicates a reasonable valuation of FSBW.
  • Compared to the rest of the industry, the Price/Earnings ratio of FSBW indicates a rather cheap valuation: FSBW is cheaper than 84.96% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of FSBW to the average of the S&P500 Index (27.03), we can say FSBW is valued rather cheaply.
  • FSBW is valuated reasonably with a Price/Forward Earnings ratio of 8.98.
  • Based on the Price/Forward Earnings ratio, FSBW is valued a bit cheaper than 78.63% of the companies in the same industry.
  • FSBW is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.36
Fwd PE 8.98
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

  • 96.04% of the companies in the same industry are more expensive than FSBW, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.09
EV/EBITDA N/A
FSBW Per share dataFSBW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FSBW does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.19
PEG (5Y)N/A
EPS Next 2Y6.95%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. FSBW Dividend Analysis

5.1 Amount

  • FSBW has a Yearly Dividend Yield of 2.75%.
  • FSBW's Dividend Yield is comparable with the industry average which is at 2.72.
  • Compared to an average S&P500 Dividend Yield of 1.82, FSBW pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.75%

5.2 History

  • The dividend of FSBW is nicely growing with an annual growth rate of 26.69%!
  • FSBW has been paying a dividend for at least 10 years, so it has 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • FSBW pays out 32.40% 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.
DP32.4%
EPS Next 2Y6.95%
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 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

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FSBW Fundamentals: All Metrics, Ratios and Statistics

FS BANCORP INC

NASDAQ:FSBW (3/5/2026, 9:35:37 AM)

40.055

-0.52 (-1.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21
Earnings (Next)04-20
Inst Owners70.98%
Inst Owner Change-13.83%
Ins Owners7.62%
Ins Owner Change0.6%
Market Cap296.41M
Revenue(TTM)N/A
Net Income(TTM)31.69M
Analysts45.71
Price Target45.9 (14.59%)
Short Float %1%
Short Ratio6.23
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend1.06
Dividend Growth(5Y)26.69%
DP32.4%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-06
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.84%
Min EPS beat(2)0.41%
Max EPS beat(2)7.28%
EPS beat(4)3
Avg EPS beat(4)0.06%
Min EPS beat(4)-13.55%
Max EPS beat(4)7.28%
EPS beat(8)7
Avg EPS beat(8)5.47%
EPS beat(12)7
Avg EPS beat(12)1.84%
EPS beat(16)11
Avg EPS beat(16)4.14%
Revenue beat(2)2
Avg Revenue beat(2)0.81%
Min Revenue beat(2)0%
Max Revenue beat(2)1.62%
Revenue beat(4)2
Avg Revenue beat(4)-0.95%
Min Revenue beat(4)-3.65%
Max Revenue beat(4)1.62%
Revenue beat(8)6
Avg Revenue beat(8)-0.06%
Revenue beat(12)8
Avg Revenue beat(12)-0.33%
Revenue beat(16)11
Avg Revenue beat(16)0.17%
PT rev (1m)2.27%
PT rev (3m)2.27%
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%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.36
Fwd PE 8.98
P/S 2
P/FCF 3.09
P/OCF 2.93
P/B 0.99
P/tB 1.07
EV/EBITDA N/A
EPS(TTM)4.28
EY10.69%
EPS(NY)4.46
Fwd EY11.14%
FCF(TTM)12.97
FCFY32.39%
OCF(TTM)13.65
OCFY34.09%
SpS20.05
BVpS40.61
TBVpS37.45
PEG (NY)2.19
PEG (5Y)N/A
Graham Number62.54
Profitability
Industry RankSector Rank
ROA 0.99%
ROE 10.55%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.36%
GM N/A
FCFM 64.69%
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
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-7.05%
PM growth 5Y-0.34%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF 0.52
Debt/EBITDA N/A
Cap/Depr 41.84%
Cap/Sales 3.4%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 302.9%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.09%
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)-2.73%
EPS 3Y5.07%
EPS 5Y-0.95%
EPS Q2Q%19.57%
EPS Next Y4.26%
EPS Next 2Y6.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.99%
Revenue Next Year3.19%
Revenue Next 2Y4.15%
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 1Y14.69%
FCF growth 3Y-22.82%
FCF growth 5Y48.99%
OCF growth 1Y17.49%
OCF growth 3Y-22.46%
OCF growth 5Y40.75%

FS BANCORP INC / FSBW FAQ

What is the ChartMill fundamental rating of FS BANCORP INC (FSBW) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FSBW.


What is the valuation status of FS BANCORP INC (FSBW) stock?

ChartMill assigns a valuation rating of 6 / 10 to FS BANCORP INC (FSBW). This can be considered as Fairly Valued.


Can you provide the profitability details for FS BANCORP INC?

FS BANCORP INC (FSBW) has a profitability rating of 3 / 10.


What are the PE and PB ratios of FS BANCORP INC (FSBW) stock?

The Price/Earnings (PE) ratio for FS BANCORP INC (FSBW) is 9.36 and the Price/Book (PB) ratio is 0.99.


How sustainable is the dividend of FS BANCORP INC (FSBW) stock?

The dividend rating of FS BANCORP INC (FSBW) is 7 / 10 and the dividend payout ratio is 32.4%.