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 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.
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.
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 Rank | Sector 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
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 Rank | Sector 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
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.87 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.95%
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 -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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.46 | ||
| Fwd PE | 9.1 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.55 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y1.42%
EPS Next 3YN/A
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 Rank | Sector 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
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
41.16
+1.78 (+4.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.79% |
Yearly Dividend1.06
Dividend Growth(5Y)26.69%
DP19.89%
Div Incr Years11
Div Non Decr Years11
Ex-Date
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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%