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 398 industry peers in the Banks industry. GABC has only an average score on both its financial health and profitability. GABC has a correct valuation and a medium growth rate. 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.
GABC had positive earnings in each of the past 5 years.
In the past 5 years GABC always reported a positive cash flow from operatings.
1.2 Ratios
GABC has a better Return On Assets (1.33%) than 86.18% of its industry peers.
GABC's Return On Equity of 11.72% is amongst the best of the industry. GABC outperforms 80.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.33% | ||
| ROE | 11.72% | ||
| 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 (33.09%) than 88.69% of its industry peers.
GABC's Profit Margin has been stable 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) | 33.09% | ||
| 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.
Compared to 1 year ago, GABC has more shares outstanding
Compared to 5 years ago, GABC has more shares outstanding
GABC has a better debt/assets ratio than last year.
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.
Looking at the Debt to FCF ratio, with a value of 0.03, GABC belongs to the top of the industry, outperforming 90.20% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that GABC is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.00, GABC belongs to the best of the industry, outperforming 88.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.03 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.99%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
GABC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.77%.
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%.
GABC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.84% yearly.
EPS 1Y (TTM)-3.77%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%6.85%
Revenue 1Y (TTM)1.02%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%6.45%
3.2 Future
The Earnings Per Share is expected to grow by 15.52% on average over the next years. This is quite good.
The Revenue is expected to grow by 22.07% on average over the next years. This is a very strong growth
EPS Next Y18.97%
EPS Next 2Y15.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year38.47%
Revenue Next 2Y22.07%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.17, GABC is valued correctly.
Based on the Price/Earnings ratio, GABC is valued a bit more expensive than 60.55% of the companies in the same industry.
When comparing the Price/Earnings ratio of GABC to the average of the S&P500 Index (28.92), we can say GABC is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.07, the valuation of GABC can be described as very reasonable.
GABC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. GABC is more expensive than 61.06% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.65, GABC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.17 | ||
| Fwd PE | 11.07 |
4.2 Price Multiples
63.32% of the companies in the same industry are cheaper than GABC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.27 | ||
| 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 15.52% in the coming years.
PEG (NY)0.69
PEG (5Y)3.62
EPS Next 2Y15.52%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GABC has a Yearly Dividend Yield of 3.26%.
GABC's Dividend Yield is comparable with the industry average which is at 3.63.
Compared to an average S&P500 Dividend Yield of 2.51, GABC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
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
5.3 Sustainability
38.00% of the earnings are spent on dividend by GABC. This is a low number and sustainable payout ratio.
GABC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP38%
EPS Next 2Y15.52%
EPS Next 3YN/A
37
+0.26 (+0.71%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners44.33%
Inst Owner Change0.26%
Ins Owners1.05%
Ins Owner Change2.32%
Market Cap1.38B
Analysts78.33
Price Target48.11 (30.03%)
Short Float %2.51%
Short Ratio6.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
Yearly Dividend1.07
Dividend Growth(5Y)9.56%
DP38%
Div Incr Years12
Div Non Decr Years22
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.09%
Min EPS beat(2)-0.8%
Max EPS beat(2)8.98%
EPS beat(4)2
Avg EPS beat(4)3.07%
Min EPS beat(4)-2.61%
Max EPS beat(4)8.98%
EPS beat(8)5
Avg EPS beat(8)2.22%
EPS beat(12)7
Avg EPS beat(12)3%
EPS beat(16)10
Avg EPS beat(16)5.97%
Revenue beat(2)0
Avg Revenue beat(2)-2.21%
Min Revenue beat(2)-4.18%
Max Revenue beat(2)-0.24%
Revenue beat(4)1
Avg Revenue beat(4)-1.54%
Min Revenue beat(4)-5.19%
Max Revenue beat(4)3.47%
Revenue beat(8)1
Avg Revenue beat(8)-5.8%
Revenue beat(12)2
Avg Revenue beat(12)-4.62%
Revenue beat(16)5
Avg Revenue beat(16)-3.15%
PT rev (1m)-1.39%
PT rev (3m)-4.07%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)5.75%
EPS NY rev (1m)0.28%
EPS NY rev (3m)4.37%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)2.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.17 | ||
| Fwd PE | 11.07 | ||
| P/S | 5.47 | ||
| P/FCF | 15.27 | ||
| P/OCF | 14.46 | ||
| P/B | 1.94 | ||
| P/tB | 2.6 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.81
EY7.59%
EPS(NY)3.34
Fwd EY9.04%
FCF(TTM)2.42
FCFY6.55%
OCF(TTM)2.56
OCFY6.91%
SpS6.77
BVpS19.1
TBVpS14.21
PEG (NY)0.69
PEG (5Y)3.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.33% | ||
| ROE | 11.72% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 33.09% | ||
| GM | N/A | ||
| FCFM | 35.82% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.03 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 54.4% | ||
| Cap/Sales | 1.99% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 108.24% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC12.99%
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)-3.77%
EPS 3Y-4.04%
EPS 5Y3.64%
EPS Q2Q%6.85%
EPS Next Y18.97%
EPS Next 2Y15.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.02%
Revenue growth 3Y4.76%
Revenue growth 5Y5.84%
Sales Q2Q%6.45%
Revenue Next Year38.47%
Revenue Next 2Y22.07%
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 1Y-10.61%
FCF growth 3Y-1.9%
FCF growth 5Y10.21%
OCF growth 1Y-10.7%
OCF growth 3Y-1.69%
OCF growth 5Y7.99%