FS BANCORP INC (FSBW)
US30263Y1047 - Common Stock
Overall FSBW gets a fundamental rating of 4 out of 10. We evaluated FSBW against 412 industry peers in the Banks industry. FSBW scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FSBW has a correct valuation and a medium growth rate.
1. Profitability
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 each of the past 5 years.
Of the past 5 years FSBW 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.19%, FSBW is in the better half of the industry, outperforming 76.46% of the companies in the same industry.
FSBW has a better Return On Equity (13.41%) than 83.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 13.41% | ||
| ROIC | N/A |
ROA(3y)1.3%
ROA(5y)1.42%
ROE(3y)13.61%
ROE(5y)13.83%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FSBW's Profit Margin of 24.67% is in line compared to the rest of the industry. FSBW outperforms 51.21% of its industry peers.
In the last couple of years the Profit Margin of FSBW has declined.
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) | 24.67% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.51%
PM growth 5Y-4.32%
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.
Compared to 1 year ago, FSBW has more shares outstanding
The number of shares outstanding for FSBW has been reduced compared to 5 years ago.
FSBW has a better debt/assets ratio than last year.
2.2 Solvency
FSBW has a debt to FCF ratio of 0.65. This is a very positive value and a sign of high solvency as it would only need 0.65 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.65, FSBW belongs to the top of the industry, outperforming 80.58% of the companies in the same industry.
FSBW has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.19, FSBW perfoms like the industry average, outperforming 58.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.63%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.58% over the past year.
The Earnings Per Share has been growing by 13.79% on average over the past years. This is quite good.
The Revenue has grown by 17.47% in the past year. This is quite good.
Measured over the past years, FSBW shows a quite strong growth in Revenue. The Revenue has been growing by 12.73% on average per year.
EPS 1Y (TTM)23.58%
EPS 3Y0.52%
EPS 5Y13.79%
EPS growth Q2Q26.8%
Revenue 1Y (TTM)17.47%
Revenue growth 3Y3.55%
Revenue growth 5Y12.73%
Revenue growth Q2Q8.82%
3.2 Future
The Earnings Per Share is expected to grow by 1.84% on average over the next years.
The Revenue is expected to grow by 3.50% on average over the next years.
EPS Next Y-5.53%
EPS Next 2Y1.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.08%
Revenue Next 2Y3.5%
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
Based on the Price/Earnings ratio of 6.91, the valuation of FSBW can be described as very cheap.
FSBW's Price/Earnings ratio is rather cheap when compared to the industry. FSBW is cheaper than 86.89% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.76, FSBW is valued rather cheaply.
A Price/Forward Earnings ratio of 7.31 indicates a rather cheap valuation of FSBW.
Based on the Price/Forward Earnings ratio, FSBW is valued cheaply inside the industry as 87.14% of the companies are valued more expensively.
FSBW is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.91 | ||
| Fwd PE | 7.31 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FSBW is valued cheaply inside the industry as 94.66% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.24 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y1.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FSBW has a Yearly Dividend Yield of 3.11%.
FSBW's Dividend Yield is slightly below the industry average, which is at 3.92.
Compared to an average S&P500 Dividend Yield of 2.40, FSBW pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
5.2 History
On average, the dividend of FSBW grows each year by 34.02%, 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)34.02%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
FSBW pays out 21.88% of its income as dividend. This is a sustainable payout ratio.
The dividend of FSBW is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP21.88%
EPS Next 2Y1.84%
EPS Next 3YN/A
FS BANCORP INC
NASDAQ:FSBW (4/19/2024, 7:00:00 PM)
After market: 31.5 0 (0%)31.5
+0.59 (+1.91%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap246.01M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.91 | ||
| Fwd PE | 7.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 13.41% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 24.67% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)23.58%
EPS 3Y0.52%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.53%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.47%
Revenue growth 3Y3.55%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y