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 504 industry peers in the Banks industry. The financial health of GABC is average, but there are quite some concerns on its profitability. GABC has a decent growth rate and is not valued too expensively. GABC also has an excellent dividend rating.
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.
Each year in the past 5 years GABC has been profitable.
Each year in the past 5 years GABC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.89%, GABC is in line with its industry, outperforming 55.30% of the companies in the same industry.
The Return On Equity of GABC (7.20%) is comparable to the rest of the 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
Looking at the Profit Margin, with a value of 27.50%, GABC is in the better half of the industry, outperforming 73.48% of the companies in the same industry.
GABC's Profit Margin has been stable in the last couple of years.
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.
GABC has more shares outstanding than it did 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 0.02, 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's Debt to FCF ratio of 0.02 is amongst the best of the industry. GABC outperforms 89.90% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that GABC is not too dependend on debt financing.
GABC's Debt to Equity ratio of 0.00 is amongst the best of the industry. GABC outperforms 87.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.02 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.15%
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.
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.
Looking at the last year, GABC shows a quite strong growth in Revenue. The Revenue has grown by 10.63% in the last year.
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)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
The Earnings Per Share is expected to grow by 14.75% on average over the next years. This is quite good.
GABC is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.84% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.70, GABC is valued correctly.
GABC's Price/Earnings ratio is in line with the industry average.
GABC is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.16 indicates a reasonable valuation of GABC.
GABC's Price/Forward Earnings is on the same level as the industry average.
GABC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.7 | ||
| Fwd PE | 10.16 |
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 | 13.44 | ||
| 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.
GABC's earnings are expected to grow with 14.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)3.49
EPS Next 2Y14.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.02%, GABC has a reasonable but not impressive dividend return.
GABC's Dividend Yield is comparable with the industry average which is at 2.38.
Compared to an average S&P500 Dividend Yield of 2.38, GABC pays a bit more dividend than the S&P500 average.
| 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 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
37.58
-0.1 (-0.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners44.33%
Inst Owner Change14.19%
Ins Owners1.05%
Ins Owner Change2.1%
Market Cap1.41B
Analysts78.33
Price Target45.9 (22.14%)
Short Float %2.97%
Short Ratio8.54
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)-2.88%
PT rev (3m)-6.57%
EPS NQ rev (1m)-0.99%
EPS NQ rev (3m)0.78%
EPS NY rev (1m)3.82%
EPS NY rev (3m)4.12%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)1.3%
Revenue NY rev (1m)1.51%
Revenue NY rev (3m)1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.7 | ||
| Fwd PE | 10.16 | ||
| P/S | 5.14 | ||
| P/FCF | 13.44 | ||
| P/OCF | 12.82 | ||
| P/B | 1.35 | ||
| P/tB | 2.24 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.96
EY7.88%
EPS(NY)3.7
Fwd EY9.85%
FCF(TTM)2.8
FCFY7.44%
OCF(TTM)2.93
OCFY7.8%
SpS7.31
BVpS27.91
TBVpS16.74
PEG (NY)0.54
PEG (5Y)3.49
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
WACC14.15%
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%