FIRST UNITED CORP (FUNC)
US33741H1077 - Common Stock
Taking everything into account, FUNC scores 4 out of 10 in our fundamental rating. FUNC was compared to 411 industry peers in the Banks industry. FUNC has a bad profitability rating. Also its financial health evaluation is rather negative. FUNC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FUNC was profitable.
FUNC had a positive operating cash flow in the past year.
Each year in the past 5 years FUNC has been profitable.
Each year in the past 5 years FUNC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.79%, FUNC is in line with its industry, outperforming 44.28% of the companies in the same industry.
The Return On Equity of FUNC (9.30%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.79% | ||
| ROE | 9.3% | ||
| ROIC | N/A |
ROA(3y)1.1%
ROA(5y)1%
ROE(3y)13.25%
ROE(5y)12.15%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FUNC's Profit Margin of 21.11% is on the low side compared to the rest of the industry. FUNC is outperformed by 62.53% of its industry peers.
In the last couple of years the Profit Margin of FUNC has grown nicely.
FUNC 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) | 21.11% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.79%
PM growth 5Y3.26%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FUNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FUNC has less shares outstanding
The number of shares outstanding for FUNC has been reduced compared to 5 years ago.
FUNC has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FUNC is 7.07, which is on the high side as it means it would take FUNC, 7.07 years of fcf income to pay off all of its debts.
FUNC's Debt to FCF ratio of 7.07 is on the low side compared to the rest of the industry. FUNC is outperformed by 74.45% of its industry peers.
A Debt/Equity ratio of 0.97 indicates that FUNC is somewhat dependend on debt financing.
The Debt to Equity ratio of FUNC (0.97) is worse than 83.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 7.07 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.06%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for FUNC have decreased strongly by -40.15% in the last year.
Measured over the past years, FUNC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.21% on average per year.
FUNC shows a decrease in Revenue. In the last year, the revenue decreased by -5.74%.
Measured over the past years, FUNC shows a small growth in Revenue. The Revenue has been growing by 3.75% on average per year.
EPS 1Y (TTM)-40.15%
EPS 3Y4.37%
EPS 5Y8.21%
EPS growth Q2Q-74.59%
Revenue 1Y (TTM)-5.74%
Revenue growth 3Y2.05%
Revenue growth 5Y3.75%
Revenue growth Q2Q-24.74%
3.2 Future
Based on estimates for the next years, FUNC will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.15% on average per year.
The Revenue is expected to grow by 5.73% on average over the next years.
EPS Next Y8.11%
EPS Next 2Y11.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.53%
Revenue Next 2Y5.73%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.05 indicates a reasonable valuation of FUNC.
The rest of the industry has a similar Price/Earnings ratio as FUNC.
Compared to an average S&P500 Price/Earnings ratio of 24.92, FUNC is valued rather cheaply.
The Price/Forward Earnings ratio is 7.89, which indicates a rather cheap valuation of FUNC.
FUNC's Price/Forward Earnings ratio is rather cheap when compared to the industry. FUNC is cheaper than 82.48% of the companies in the same industry.
FUNC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.05 | ||
| Fwd PE | 7.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FUNC indicates a somewhat cheap valuation: FUNC is cheaper than 72.51% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.76 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.24
PEG (5Y)1.23
EPS Next 2Y11.15%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.59%, FUNC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.82, FUNC has a dividend in line with its industry peers.
FUNC's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
5.2 History
On average, the dividend of FUNC grows each year by 23.93%, which is quite nice.
FUNC has paid a dividend for at least 10 years, which is a reliable track record.
As FUNC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)23.93%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
FUNC pays out 34.65% of its income as dividend. This is a sustainable payout ratio.
FUNC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.65%
EPS Next 2Y11.15%
EPS Next 3YN/A
FIRST UNITED CORP
NASDAQ:FUNC (4/26/2024, 7:00:00 PM)
22.52
+0.24 (+1.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap149.53M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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)
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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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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 | 10.05 | ||
| Fwd PE | 7.89 | ||
| 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)1.24
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.79% | ||
| ROE | 9.3% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 21.11% | ||
| 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 | 0.97 | ||
| 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)-40.15%
EPS 3Y4.37%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.74%
Revenue growth 3Y2.05%
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