FULTON FINANCIAL CORP (FULT)
US3602711000 - Common Stock
FULT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. FULT has a bad profitability rating. Also its financial health evaluation is rather negative. FULT has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
FULT had positive earnings in the past year.
In the past year FULT had a positive cash flow from operations.
Each year in the past 5 years FULT has been profitable.
FULT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FULT has a Return On Assets of 0.99%. This is in the better half of the industry: FULT outperforms 61.65% of its industry peers.
FULT has a Return On Equity (9.93%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 9.93% | ||
| ROIC | N/A |
ROA(3y)1.02%
ROA(5y)0.95%
ROE(3y)10.14%
ROE(5y)9.36%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FULT has a Profit Margin of 25.32%. This is comparable to the rest of the industry: FULT outperforms 57.04% of its industry peers.
FULT's Profit Margin has been stable in the last couple of years.
FULT does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.32% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.79%
PM growth 5Y0.08%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FULT does not have a ROIC to compare to the WACC, probably because it is not profitable.
FULT has less shares outstanding than it did 1 year ago.
FULT has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FULT has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FULT is 4.20, which is a neutral value as it means it would take FULT, 4.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.20, FULT is doing worse than 61.89% of the companies in the same industry.
FULT has a Debt/Equity ratio of 0.50. This is a neutral value indicating FULT is somewhat dependend on debt financing.
FULT has a worse Debt to Equity ratio (0.50) than 69.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.81%
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 been growing slightly by 1.20% over the past year.
Measured over the past 5 years, FULT shows a small growth in Earnings Per Share. The EPS has been growing by 7.45% on average per year.
The Revenue has been growing slightly by 7.26% in the past year.
Measured over the past years, FULT shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)1.2%
EPS 3Y16.1%
EPS 5Y7.45%
EPS growth Q2Q-10.64%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y7.54%
Revenue growth 5Y5.55%
Revenue growth Q2Q-3.15%
3.2 Future
Based on estimates for the next years, FULT will show a decrease in Earnings Per Share. The EPS will decrease by -3.16% on average per year.
The Revenue is expected to decrease by -1.19% on average over the next years.
EPS Next Y-8.94%
EPS Next 2Y-3.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.96%
Revenue Next 2Y-1.19%
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
FULT is valuated reasonably with a Price/Earnings ratio of 8.54.
FULT's Price/Earnings ratio is a bit cheaper when compared to the industry. FULT is cheaper than 60.92% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.80. FULT is valued rather cheaply when compared to this.
FULT is valuated reasonably with a Price/Forward Earnings ratio of 9.38.
FULT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FULT is cheaper than 62.38% of the companies in the same industry.
FULT is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.54 | ||
| Fwd PE | 9.38 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FULT is valued a bit cheaper than the industry average as 64.81% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.08 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FULT's earnings are expected to decrease with -3.16% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.15
EPS Next 2Y-3.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FULT has a Yearly Dividend Yield of 4.71%, which is a nice return.
FULT's Dividend Yield is a higher than the industry average which is at 3.91.
Compared to an average S&P500 Dividend Yield of 2.40, FULT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.71% |
5.2 History
On average, the dividend of FULT grows each year by 6.05%, which is quite nice.
FULT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FULT pays out 42.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP42.24%
EPS Next 2Y-3.16%
EPS Next 3YN/A
FULTON FINANCIAL CORP
NASDAQ:FULT (4/18/2024, 7:00:00 PM)
After market: 14.43 0 (0%)14.43
-0.06 (-0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.71% |
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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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
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 | 8.54 | ||
| Fwd PE | 9.38 | ||
| 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)1.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 9.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 25.32% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| 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)1.2%
EPS 3Y16.1%
EPS 5Y
EPS growth Q2Q
EPS Next Y-8.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.26%
Revenue growth 3Y7.54%
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