FS BANCORP INC (FSBW) Fundamental Analysis & Valuation

NASDAQ:FSBW • US30263Y1047

Current stock price

39.51 USD
+0.13 (+0.33%)
Last:

This FSBW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

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.
  • In the past 5 years FSBW has always been profitable.
  • In the past 5 years FSBW always reported a positive cash flow from operatings.
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 2025 0 50M 100M 150M

1.2 Ratios

  • The Return On Assets of FSBW (1.02%) is comparable to the rest of the industry.
  • FSBW's Return On Equity of 10.64% is fine compared to the rest of the industry. FSBW outperforms 64.74% of its industry peers.
Industry RankSector Rank
ROA 1.02%
ROE 10.64%
ROIC N/A
ROA(3y)1.12%
ROA(5y)1.21%
ROE(3y)11.9%
ROE(5y)12.63%
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 2025 5 10 15

1.3 Margins

  • With a Profit Margin value of 21.44%, FSBW is not doing good in the industry: 68.16% of the companies in the same industry are doing better.
  • FSBW's Profit Margin has declined 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) 21.44%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.34%
PM growth 5Y-6.59%
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 2025 10 20 30

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4

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.
  • The number of shares outstanding for FSBW has been reduced compared to 1 year ago.
  • FSBW has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FSBW has been reduced compared to a year ago.
FSBW Yearly Shares OutstandingFSBW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B

2.2 Solvency

  • The Debt to FCF ratio of FSBW is 0.96, which is an excellent value as it means it would take FSBW, only 0.96 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.96, FSBW is in the better half of the industry, outperforming 69.21% of the companies in the same industry.
  • FSBW has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • FSBW has a Debt to Equity ratio of 0.16. This is comparable to the rest of the industry: FSBW outperforms 53.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.96
Altman-Z N/A
ROIC/WACCN/A
WACC7.16%
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 2025 0 100M 200M 300M

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 2025 2M 4M 6M

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

4

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%.
  • Measured over the past years, FSBW shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.95% on average per year.
  • Looking at the last year, FSBW shows a very negative growth in Revenue. The Revenue has decreased by -15.23% in the last year.
  • FSBW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.35% yearly.
EPS 1Y (TTM)-2.73%
EPS 3Y5.07%
EPS 5Y-0.95%
EPS Q2Q%19.57%
Revenue 1Y (TTM)-15.23%
Revenue growth 3Y7.65%
Revenue growth 5Y3.35%
Sales Q2Q%11.99%

3.2 Future

  • Based on estimates for the next years, FSBW will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.80% on average per year.
  • The Revenue is expected to grow by 8.74% on average over the next years. This is quite good.
EPS Next Y-1.34%
EPS Next 2Y10.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.03%
Revenue Next 2Y8.74%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 5

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6

4. FSBW Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.23, which indicates a very decent valuation of FSBW.
  • Based on the Price/Earnings ratio, FSBW is valued cheaper than 86.58% of the companies in the same industry.
  • FSBW is valuated cheaply when we compare the Price/Earnings ratio to 26.17, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 9.36, the valuation of FSBW can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FSBW indicates a somewhat cheap valuation: FSBW is cheaper than 71.58% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, FSBW is valued rather cheaply.
Industry RankSector Rank
PE 9.23
Fwd PE 9.36
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

  • 90.53% 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 5.71
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.8%
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 2.96%.
  • FSBW's Dividend Yield is comparable with the industry average which is at 2.73.
  • FSBW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.96%

5.2 History

  • On average, the dividend of FSBW grows each year by 26.45%, 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)26.45%
Div Incr Years12
Div Non Decr Years12
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

  • 31.36% of the earnings are spent on dividend by FSBW. This is a low number and sustainable payout ratio.
  • The dividend of FSBW is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y10.8%
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 2025 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 (4/6/2026, 4:04:51 PM)

39.51

+0.13 (+0.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-21
Earnings (Next)04-29
Inst Owners68.1%
Inst Owner Change0%
Ins Owners7.74%
Ins Owner Change0.6%
Market Cap296.32M
Revenue(TTM)152.68M
Net Income(TTM)32.73M
Analysts77.78
Price Target47.43 (20.05%)
Short Float %1.33%
Short Ratio7.21
Dividend
Industry RankSector Rank
Dividend Yield 2.96%
Yearly Dividend1.34
Dividend Growth(5Y)26.45%
DP31.36%
Div Incr Years12
Div Non Decr Years12
Ex-Date02-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.5%
Min EPS beat(2)-4.28%
Max EPS beat(2)7.28%
EPS beat(4)3
Avg EPS beat(4)2.37%
Min EPS beat(4)-4.28%
Max EPS beat(4)7.28%
EPS beat(8)6
Avg EPS beat(8)2.65%
EPS beat(12)7
Avg EPS beat(12)2.67%
EPS beat(16)10
Avg EPS beat(16)2.81%
Revenue beat(2)2
Avg Revenue beat(2)2.15%
Min Revenue beat(2)1.62%
Max Revenue beat(2)2.68%
Revenue beat(4)3
Avg Revenue beat(4)0.63%
Min Revenue beat(4)-1.78%
Max Revenue beat(4)2.68%
Revenue beat(8)6
Avg Revenue beat(8)0.11%
Revenue beat(12)8
Avg Revenue beat(12)-0.15%
Revenue beat(16)11
Avg Revenue beat(16)0.16%
PT rev (1m)3.33%
PT rev (3m)5.68%
EPS NQ rev (1m)3.82%
EPS NQ rev (3m)-4.17%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.5%
Valuation
Industry RankSector Rank
PE 9.23
Fwd PE 9.36
P/S 1.94
P/FCF 5.71
P/OCF 4.1
P/B 0.96
P/tB 1.04
EV/EBITDA N/A
EPS(TTM)4.28
EY10.83%
EPS(NY)4.22
Fwd EY10.69%
FCF(TTM)6.93
FCFY17.53%
OCF(TTM)9.64
OCFY24.4%
SpS20.36
BVpS41.03
TBVpS38
PEG (NY)N/A
PEG (5Y)N/A
Graham Number62.86
Profitability
Industry RankSector Rank
ROA 1.02%
ROE 10.64%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.44%
GM N/A
FCFM 34.02%
ROA(3y)1.12%
ROA(5y)1.21%
ROE(3y)11.9%
ROE(5y)12.63%
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-3.34%
PM growth 5Y-6.59%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 0.96
Debt/EBITDA N/A
Cap/Depr 170.71%
Cap/Sales 13.34%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 158.7%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.16%
ROIC/WACCN/A
Cap/Depr(3y)66.46%
Cap/Depr(5y)44.8%
Cap/Sales(3y)5.21%
Cap/Sales(5y)3.71%
Profit Quality(3y)171.82%
Profit Quality(5y)287.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.73%
EPS 3Y5.07%
EPS 5Y-0.95%
EPS Q2Q%19.57%
EPS Next Y-1.34%
EPS Next 2Y10.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.23%
Revenue growth 3Y7.65%
Revenue growth 5Y3.35%
Sales Q2Q%11.99%
Revenue Next Year7.03%
Revenue Next 2Y8.74%
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 1Y5.59%
FCF growth 3Y-34.32%
FCF growth 5YN/A
OCF growth 1Y42.28%
OCF growth 3Y-26.87%
OCF growth 5YN/A

FS BANCORP INC / FSBW Fundamental Analysis 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.


What is the profitability of FSBW stock?

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


How financially healthy is FS BANCORP INC?

The financial health rating of FS BANCORP INC (FSBW) is 4 / 10.


Can you provide the expected EPS growth for FSBW stock?

The Earnings per Share (EPS) of FS BANCORP INC (FSBW) is expected to decline by -1.34% in the next year.