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GERMAN AMERICAN BANCORP (GABC) Stock Fundamental Analysis

NASDAQ:GABC - US3738651047 - Common Stock

41.78 USD
-0.18 (-0.43%)
Last: 8/29/2025, 8:26:13 PM
41.78 USD
0 (0%)
After Hours: 8/29/2025, 8:26:13 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to GABC. GABC was compared to 393 industry peers in the Banks industry. Both the profitability and the financial health of GABC get a neutral evaluation. Nothing too spectacular is happening here. GABC is not priced too expensively while it is growing strongly. Keep and eye on this one! Finally GABC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

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.
GABC had a positive operating cash flow in each of the past 5 years.
GABC Yearly Net Income VS EBIT VS OCF VS FCFGABC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

With a decent Return On Assets value of 1.04%, GABC is doing good in the industry, outperforming 70.23% of the companies in the same industry.
The Return On Equity of GABC (8.05%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.04%
ROE 8.05%
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
GABC Yearly ROA, ROE, ROICGABC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

GABC's Profit Margin of 28.82% is fine compared to the rest of the industry. GABC outperforms 77.86% of its industry peers.
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 RankSector Rank
OM N/A
PM (TTM) 28.82%
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
GABC Yearly Profit, Operating, Gross MarginsGABC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

4

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.
GABC Yearly Shares OutstandingGABC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
GABC Yearly Total Debt VS Total AssetsGABC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

GABC has a debt to FCF ratio of 0.02. This is a very positive value and a sign of high solvency as it would only need 0.02 years to pay back of all of its debts.
The Debt to FCF ratio of GABC (0.02) is better than 90.08% 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 87.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.02
Altman-Z N/A
ROIC/WACCN/A
WACC12.42%
GABC Yearly LT Debt VS Equity VS FCFGABC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
GABC Yearly Current Assets VS Current LiabilitesGABC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

7

3. Growth

3.1 Past

GABC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.95%, which is quite good.
Measured over the past 5 years, GABC shows a small growth in Earnings Per Share. The EPS has been growing by 3.64% on average per year.
The Revenue has grown by 19.89% in the past year. This is quite good.
Measured over the past years, GABC shows a small growth in Revenue. The Revenue has been growing by 5.84% on average per year.
EPS 1Y (TTM)12.95%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%26.47%
Revenue 1Y (TTM)19.89%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%38.52%

3.2 Future

The Earnings Per Share is expected to grow by 14.50% on average over the next years. This is quite good.
Based on estimates for the next years, GABC will show a very strong growth in Revenue. The Revenue will grow by 22.42% on average per year.
EPS Next Y23.11%
EPS Next 2Y14.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year41.24%
Revenue Next 2Y22.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GABC Yearly Revenue VS EstimatesGABC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
GABC Yearly EPS VS EstimatesGABC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.31, GABC is valued correctly.
GABC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.08. GABC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.34, the valuation of GABC can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GABC is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.72. GABC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.31
Fwd PE 11.34
GABC Price Earnings VS Forward Price EarningsGABC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

GABC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 13.75
EV/EBITDA N/A
GABC Per share dataGABC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

GABC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GABC's earnings are expected to grow with 14.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)3.66
EPS Next 2Y14.5%
EPS Next 3YN/A

7

5. Dividend

5.1 Amount

GABC has a Yearly Dividend Yield of 2.91%. 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.
Compared to an average S&P500 Dividend Yield of 2.34, GABC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.91%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.56%
Div Incr Years12
Div Non Decr Years22
GABC Yearly Dividends per shareGABC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

GABC pays out 43.60% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of GABC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP43.6%
EPS Next 2Y14.5%
EPS Next 3YN/A
GABC Yearly Income VS Free CF VS DividendGABC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
GABC Dividend Payout.GABC Dividend Payout, showing the Payout Ratio.GABC Dividend Payout.PayoutRetained Earnings

GERMAN AMERICAN BANCORP

NASDAQ:GABC (8/29/2025, 8:26:13 PM)

After market: 41.78 0 (0%)

41.78

-0.18 (-0.43%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-28 2025-07-28/amc
Earnings (Next)10-27 2025-10-27/amc
Inst Owners49.85%
Inst Owner Change2.54%
Ins Owners2.14%
Ins Owner Change3.85%
Market Cap1.57B
Analysts78.33
Price Target46.58 (11.49%)
Short Float %3.51%
Short Ratio7.81
Dividend
Industry RankSector Rank
Dividend Yield 2.91%
Yearly Dividend1.07
Dividend Growth(5Y)9.56%
DP43.6%
Div Incr Years12
Div Non Decr Years22
Ex-Date08-08 2025-08-08 (0.29)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.76%
Min EPS beat(2)2.32%
Max EPS beat(2)17.2%
EPS beat(4)3
Avg EPS beat(4)6.93%
Min EPS beat(4)-0.8%
Max EPS beat(4)17.2%
EPS beat(8)6
Avg EPS beat(8)5.1%
EPS beat(12)7
Avg EPS beat(12)2.87%
EPS beat(16)10
Avg EPS beat(16)4.09%
Revenue beat(2)1
Avg Revenue beat(2)-0.98%
Min Revenue beat(2)-2.29%
Max Revenue beat(2)0.32%
Revenue beat(4)1
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-4.18%
Max Revenue beat(4)0.32%
Revenue beat(8)2
Avg Revenue beat(8)-4.89%
Revenue beat(12)2
Avg Revenue beat(12)-4.65%
Revenue beat(16)5
Avg Revenue beat(16)-3.32%
PT rev (1m)2.24%
PT rev (3m)1.48%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)0.03%
EPS NY rev (1m)-0.33%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)1.64%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE 13.31
Fwd PE 11.34
P/S 5.24
P/FCF 13.75
P/OCF 13.27
P/B 1.46
P/tB 2.4
EV/EBITDA N/A
EPS(TTM)3.14
EY7.52%
EPS(NY)3.68
Fwd EY8.82%
FCF(TTM)3.04
FCFY7.27%
OCF(TTM)3.15
OCFY7.54%
SpS7.97
BVpS28.53
TBVpS17.4
PEG (NY)0.58
PEG (5Y)3.66
Profitability
Industry RankSector Rank
ROA 1.04%
ROE 8.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.82%
GM N/A
FCFM 38.12%
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 Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.02
Debt/EBITDA N/A
Cap/Depr 31.47%
Cap/Sales 1.39%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 132.24%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC12.42%
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)12.95%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%26.47%
EPS Next Y23.11%
EPS Next 2Y14.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.89%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%38.52%
Revenue Next Year41.24%
Revenue Next 2Y22.42%
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 1Y7.76%
FCF growth 3Y-1.9%
FCF growth 5Y10.21%
OCF growth 1Y4.56%
OCF growth 3Y-1.69%
OCF growth 5Y7.99%