GERMAN AMERICAN BANCORP (GABC) Stock Fundamental Analysis
NASDAQ:GABC - Nasdaq - US3738651047 - Common Stock - Currency: USD
Taking everything into account, GABC scores 5 out of 10 in our fundamental rating. GABC was compared to 392 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.
In the past 5 years GABC has always been profitable.
Each year in the past 5 years GABC had a positive operating cash flow.
1.2 Ratios
GABC's Return On Assets of 0.89% is in line compared to the rest of the industry. GABC outperforms 55.22% of its industry peers.
With a Return On Equity value of 7.20%, GABC perfoms like the industry average, outperforming 40.46% 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
GABC has a better Profit Margin (27.50%) than 73.03% 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 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.
The number of shares outstanding for GABC has been increased compared to 1 year ago.
The number of shares outstanding for GABC has been increased compared to 5 years ago.
Compared to 1 year ago, GABC has an improved debt to assets ratio.
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.
GABC's Debt to FCF ratio of 0.02 is amongst the best of the industry. GABC outperforms 89.57% 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 has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. GABC outperforms 87.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.02 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.78%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
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.
GABC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.64% yearly.
GABC shows a small growth in Revenue. In the last year, the Revenue has grown by 1.02%.
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)1.02%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%38.52%
3.2 Future
Based on estimates for the next years, GABC will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.75% on average per year.
Based on estimates for the next years, GABC will show a very strong growth in Revenue. The Revenue will grow by 22.25% on average per year.
EPS Next Y23.52%
EPS Next 2Y14.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year40.97%
Revenue Next 2Y22.25%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
GABC is valuated reasonably with a Price/Earnings ratio of 11.98.
Compared to the rest of the industry, the Price/Earnings ratio of GABC is on the same level as its industry peers.
GABC is valuated cheaply when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.16, the valuation of GABC can be described as reasonable.
GABC's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.21. GABC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 10.16 |
4.2 Price Multiples
GABC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.46 | ||
| EV/EBITDA | N/A |
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.
A more expensive valuation may be justified as GABC's earnings are expected to grow with 14.75% in the coming years.
PEG (NY)0.51
PEG (5Y)3.29
EPS Next 2Y14.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GABC has a Yearly Dividend Yield of 3.02%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.50, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.02% |
5.2 History
On average, the dividend of GABC grows each year by 9.56%, which is quite nice.
GABC has paid a dividend for at least 10 years, which is 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
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.
The dividend of GABC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP46.08%
EPS Next 2Y14.75%
EPS Next 3YN/A
37.61
-0.81 (-2.11%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners50.15%
Inst Owner Change-1.82%
Ins Owners2.11%
Ins Owner Change3.72%
Market Cap1.41B
Analysts78.33
Price Target45.56 (21.14%)
Short Float %3.62%
Short Ratio8.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.02% |
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%
PT rev (3m)-3.6%
EPS NQ rev (1m)-1.55%
EPS NQ rev (3m)-0.58%
EPS NY rev (1m)0%
EPS NY rev (3m)3.82%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)1.42%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)1.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 10.16 | ||
| P/S | 5.15 | ||
| P/FCF | 13.46 | ||
| P/OCF | 12.84 | ||
| P/B | 1.35 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.14
EY8.35%
EPS(NY)3.7
Fwd EY9.84%
FCF(TTM)2.79
FCFY7.43%
OCF(TTM)2.93
OCFY7.79%
SpS7.3
BVpS27.9
TBVpS16.74
PEG (NY)0.51
PEG (5Y)3.29
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
WACC12.78%
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 Y23.52%
EPS Next 2Y14.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.02%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%38.52%
Revenue Next Year40.97%
Revenue Next 2Y22.25%
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%