GERMAN AMERICAN BANCORP (GABC) Stock Fundamental Analysis
NASDAQ:GABC - Nasdaq - US3738651047 - Common Stock - Currency: USD
GABC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. GABC scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. GABC has a decent growth rate and is not valued too expensively. Finally GABC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year GABC was profitable.
GABC had a positive operating cash flow in the past year.
Each year in the past 5 years GABC has been profitable.
In the past 5 years GABC always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 0.89%, GABC perfoms like the industry average, outperforming 55.16% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.20%, GABC is in line with its industry, outperforming 40.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 7.2% | ||
| ROIC | N/A |
ROA(3y)1.35%
ROA(5y)1.36%
ROE(3y)13.1%
ROE(5y)12.37%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 27.50%, GABC is doing good in the industry, outperforming 73.30% of the companies in the same industry.
In the last couple of years the Profit Margin of GABC has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for GABC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.5% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.65%
PM growth 5Y1.29%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
GABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
GABC has more shares outstanding than it did 1 year ago.
GABC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GABC has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of GABC is 0.02, which is an excellent value as it means it would take GABC, only 0.02 years of fcf income to pay off all of its debts.
GABC has a Debt to FCF ratio of 0.02. This is amongst the best in the industry. GABC outperforms 89.92% of its industry peers.
GABC has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
GABC's Debt to Equity ratio of 0.00 is amongst the best of the industry. GABC outperforms 87.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.02 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.72%
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 3.86% over the past year.
GABC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.64% yearly.
The Revenue has grown by 10.63% in the past year. This is quite good.
The Revenue has been growing slightly by 5.84% on average over the past years.
EPS 1Y (TTM)3.86%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%23.44%
Revenue 1Y (TTM)10.63%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%33.87%
3.2 Future
GABC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.75% yearly.
The Revenue is expected to grow by 21.84% on average over the next years. This is a very strong growth
EPS Next Y23.52%
EPS Next 2Y14.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year40.38%
Revenue Next 2Y21.84%
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
GABC is valuated correctly with a Price/Earnings ratio of 13.64.
GABC's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, GABC is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.91, the valuation of GABC can be described as very reasonable.
GABC's Price/Forward Earnings is on the same level as the industry average.
GABC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as GABC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.44 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as GABC's earnings are expected to grow with 14.75% in the coming years.
PEG (NY)0.58
PEG (5Y)3.75
EPS Next 2Y14.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GABC has a Yearly Dividend Yield of 2.85%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.30, GABC has a dividend in line with its industry peers.
GABC's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
5.2 History
On average, the dividend of GABC grows each year by 9.56%, which is quite nice.
GABC has been paying a dividend for at least 10 years, so it has a reliable track record.
GABC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.56%
Div Incr Years12
Div Non Decr Years22
5.3 Sustainability
46.08% of the earnings are spent on dividend by GABC. This is a bit on the high side, but may be sustainable.
GABC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.08%
EPS Next 2Y14.75%
EPS Next 3YN/A
40.37
-0.74 (-1.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners50.15%
Inst Owner Change0%
Ins Owners2.11%
Ins Owner Change3.51%
Market Cap1.51B
Analysts78.33
Price Target45.56 (12.86%)
Short Float %3.11%
Short Ratio7.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
Yearly Dividend1.07
Dividend Growth(5Y)9.56%
DP46.08%
Div Incr Years12
Div Non Decr Years22
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.09%
Min EPS beat(2)8.98%
Max EPS beat(2)17.2%
EPS beat(4)3
Avg EPS beat(4)8.02%
Min EPS beat(4)-0.8%
Max EPS beat(4)17.2%
EPS beat(8)6
Avg EPS beat(8)5.96%
EPS beat(12)7
Avg EPS beat(12)3.62%
EPS beat(16)10
Avg EPS beat(16)6.45%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.24%
Max Revenue beat(2)0.32%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-4.18%
Max Revenue beat(4)3.47%
Revenue beat(8)2
Avg Revenue beat(8)-4.9%
Revenue beat(12)3
Avg Revenue beat(12)-4.43%
Revenue beat(16)6
Avg Revenue beat(16)-3.04%
PT rev (1m)-0.74%
PT rev (3m)-5.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.41%
EPS NY rev (1m)0%
EPS NY rev (3m)6.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 10.91 | ||
| P/S | 5.53 | ||
| P/FCF | 14.44 | ||
| P/OCF | 13.78 | ||
| P/B | 1.45 | ||
| P/tB | 2.41 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.96
EY7.33%
EPS(NY)3.7
Fwd EY9.17%
FCF(TTM)2.8
FCFY6.92%
OCF(TTM)2.93
OCFY7.26%
SpS7.31
BVpS27.91
TBVpS16.74
PEG (NY)0.58
PEG (5Y)3.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 7.2% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.5% | ||
| GM | N/A | ||
| FCFM | 38.26% |
ROA(3y)1.35%
ROA(5y)1.36%
ROE(3y)13.1%
ROE(5y)12.37%
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-4.65%
PM growth 5Y1.29%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.02 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 47.37% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 139.14% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC12.72%
ROIC/WACCN/A
Cap/Depr(3y)64.24%
Cap/Depr(5y)64.33%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.57%
Profit Quality(3y)117.07%
Profit Quality(5y)120.53%
High Growth Momentum
Growth
EPS 1Y (TTM)3.86%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%23.44%
EPS Next Y23.52%
EPS Next 2Y14.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.63%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%33.87%
Revenue Next Year40.38%
Revenue Next 2Y21.84%
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 1Y17.07%
FCF growth 3Y-1.9%
FCF growth 5Y10.21%
OCF growth 1Y15.38%
OCF growth 3Y-1.69%
OCF growth 5Y7.99%