GERMAN AMERICAN BANCORP (GABC)
US3738651047 - Common Stock
We assign a fundamental rating of 4 out of 10 to GABC. GABC was compared to 412 industry peers in the Banks industry. GABC has only an average score on both its financial health and profitability. GABC does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
GABC had positive earnings in the past year.
In the past year GABC had a positive cash flow from operations.
In the past 5 years GABC has always been profitable.
GABC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 1.40%, GABC belongs to the best of the industry, outperforming 86.17% of the companies in the same industry.
The Return On Equity of GABC (12.94%) is better than 83.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.4% | ||
| ROE | 12.94% | ||
| ROIC | N/A |
ROA(3y)1.41%
ROA(5y)1.36%
ROE(3y)13.39%
ROE(5y)12.09%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GABC has a Profit Margin of 34.26%. This is amongst the best in the industry. GABC outperforms 88.59% of its industry peers.
GABC's Profit Margin has improved in the last couple of years.
GABC 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) | 34.26% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.92%
PM growth 5Y2.25%
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.
Compared to 1 year ago, GABC has more shares outstanding
The number of shares outstanding for GABC has been increased compared to 5 years ago.
The debt/assets ratio for GABC has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of GABC is 0.03, which is an excellent value as it means it would take GABC, only 0.03 years of fcf income to pay off all of its debts.
GABC's Debt to FCF ratio of 0.03 is amongst the best of the industry. GABC outperforms 88.11% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that GABC is not too dependend on debt financing.
The Debt to Equity ratio of GABC (0.00) is better than 87.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.03 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.32%
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 GABC have decreased by -9.88% in the last year.
Measured over the past 5 years, GABC shows a small growth in Earnings Per Share. The EPS has been growing by 7.75% on average per year.
The Revenue has decreased by -3.48% in the past year.
The Revenue has been growing by 10.57% on average over the past years. This is quite good.
EPS 1Y (TTM)-9.88%
EPS 3Y7.51%
EPS 5Y7.75%
EPS growth Q2Q-12.05%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y6.13%
Revenue growth 5Y10.57%
Revenue growth Q2Q-7.34%
3.2 Future
GABC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.16% yearly.
GABC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.63% yearly.
EPS Next Y-9.82%
EPS Next 2Y-4.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.61%
Revenue Next 2Y0.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.95, the valuation of GABC can be described as very reasonable.
GABC's Price/Earnings is on the same level as the industry average.
GABC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
The Price/Forward Earnings ratio is 12.14, which indicates a correct valuation of GABC.
GABC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. GABC is more expensive than 60.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.72, GABC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.95 | ||
| Fwd PE | 12.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GABC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.32 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GABC's earnings are expected to decrease with -4.16% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.41
EPS Next 2Y-4.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GABC has a Yearly Dividend Yield of 3.37%. Purely for dividend investing, there may be better candidates out there.
GABC's Dividend Yield is comparable with the industry average which is at 3.84.
GABC's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
5.2 History
On average, the dividend of GABC grows each year by 11.10%, 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.1%
Div Incr Years11
Div Non Decr Years19
5.3 Sustainability
34.27% of the earnings are spent on dividend by GABC. This is a low number and sustainable payout ratio.
DP34.27%
EPS Next 2Y-4.16%
EPS Next 3YN/A
GERMAN AMERICAN BANCORP
NASDAQ:GABC (5/2/2024, 7:00:00 PM)
After market: 31.96 0 (0%)31.96
+0.28 (+0.88%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap945.38M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
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)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
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 | 10.95 | ||
| Fwd PE | 12.14 | ||
| 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)1.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.4% | ||
| ROE | 12.94% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 34.26% | ||
| 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 | ||
| 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)-9.88%
EPS 3Y7.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y-9.82%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y6.13%
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