16.38 USD
+0.66 (+4.2%)
16.38 USD
0 (0%)
Overall HBNC gets a fundamental rating of 3 out of 10. We evaluated HBNC against 388 industry peers in the Banks industry. Both the profitability and financial health of HBNC have multiple concerns. HBNC is not valued too expensively and it also shows a decent growth rate. Finally HBNC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
HBNC had positive earnings in the past year.
In the past year HBNC had a positive cash flow from operations.
HBNC had positive earnings in each of the past 5 years.
HBNC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HBNC's Return On Assets of 0.68% is on the low side compared to the rest of the industry. HBNC is outperformed by 66.58% of its industry peers.
HBNC has a worse Return On Equity (6.56%) than 68.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 6.56% | ||
| ROIC | N/A |
ROA(3y)0.66%
ROA(5y)0.87%
ROE(3y)7.44%
ROE(5y)8.85%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of HBNC (23.84%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of HBNC has declined.
The Operating Margin and Gross Margin are not available for HBNC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 23.84% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-20.82%
PM growth 5Y-10.73%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HBNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HBNC has more shares outstanding
HBNC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for HBNC has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of HBNC is 83.31, which is on the high side as it means it would take HBNC, 83.31 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 83.31, HBNC is doing worse than 85.60% of the companies in the same industry.
HBNC has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of HBNC (1.50) is worse than 86.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 83.31 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.98%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
HBNC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 159.42%, which is quite impressive.
Measured over the past 5 years, HBNC shows a small growth in Earnings Per Share. The EPS has been growing by 2.26% on average per year.
Looking at the last year, HBNC shows a very negative growth in Revenue. The Revenue has decreased by -141.08% in the last year.
The Revenue has been decreasing by -1.24% on average over the past years.
EPS 1Y (TTM)159.42%
EPS 3Y-5.43%
EPS 5Y2.26%
EPS Q2Q%363.41%
Revenue 1Y (TTM)-141.08%
Revenue growth 3Y-6.42%
Revenue growth 5Y-1.24%
Sales Q2Q%6.44%
3.2 Future
Based on estimates for the next years, HBNC will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.58% on average per year.
Based on estimates for the next years, HBNC will show a quite strong growth in Revenue. The Revenue will grow by 11.95% on average per year.
EPS Next Y-293.8%
EPS Next 2Y9.99%
EPS Next 3Y8.58%
EPS Next 5YN/A
Revenue Next Year22.49%
Revenue Next 2Y14.69%
Revenue Next 3Y11.95%
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 4.58, the valuation of HBNC can be described as very cheap.
96.92% of the companies in the same industry are more expensive than HBNC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.45, HBNC is valued rather cheaply.
HBNC is valuated cheaply with a Price/Forward Earnings ratio of 7.96.
HBNC's Price/Forward Earnings ratio is rather cheap when compared to the industry. HBNC is cheaper than 83.55% of the companies in the same industry.
HBNC is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.58 | ||
| Fwd PE | 7.96 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, HBNC is valued expensively inside the industry as 80.98% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.22 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.02
EPS Next 2Y9.99%
EPS Next 3Y8.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.07%, HBNC is a good candidate for dividend investing.
HBNC's Dividend Yield is a higher than the industry average which is at 3.35.
HBNC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
5.2 History
The dividend of HBNC has a limited annual growth rate of 5.16%.
HBNC has been paying a dividend for at least 10 years, so it has a reliable track record.
As HBNC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)5.16%
Div Incr Years0
Div Non Decr Years9
5.3 Sustainability
54.67% of the earnings are spent on dividend by HBNC. This is a bit on the high side, but may be sustainable.
The dividend of HBNC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP54.67%
EPS Next 2Y9.99%
EPS Next 3Y8.58%
16.38
+0.66 (+4.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners62.3%
Inst Owner Change23.93%
Ins Owners1.13%
Ins Owner Change0.04%
Market Cap839.31M
Revenue(TTM)-77.73M
Net Income(TTM)51.88M
Analysts81.67
Price Target19.99 (22.04%)
Short Float %2.09%
Short Ratio2.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
Yearly Dividend0.64
Dividend Growth(5Y)5.16%
DP54.67%
Div Incr Years0
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.34%
Min EPS beat(2)5.28%
Max EPS beat(2)35.39%
EPS beat(4)4
Avg EPS beat(4)50.66%
Min EPS beat(4)5.28%
Max EPS beat(4)153.21%
EPS beat(8)7
Avg EPS beat(8)26.08%
EPS beat(12)9
Avg EPS beat(12)17.11%
EPS beat(16)12
Avg EPS beat(16)14.99%
Revenue beat(2)1
Avg Revenue beat(2)1.18%
Min Revenue beat(2)-2.17%
Max Revenue beat(2)4.53%
Revenue beat(4)1
Avg Revenue beat(4)-14.5%
Min Revenue beat(4)-57.06%
Max Revenue beat(4)4.53%
Revenue beat(8)1
Avg Revenue beat(8)-15.86%
Revenue beat(12)2
Avg Revenue beat(12)-13.56%
Revenue beat(16)5
Avg Revenue beat(16)-10.72%
PT rev (1m)2.08%
PT rev (3m)5.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-474.57%
EPS NY rev (1m)-780%
EPS NY rev (3m)-270.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.58%
Revenue NY rev (1m)1.05%
Revenue NY rev (3m)2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.58 | ||
| Fwd PE | 7.96 | ||
| P/S | 3.86 | ||
| P/FCF | 64.22 | ||
| P/OCF | 45 | ||
| P/B | 1.06 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.58
EY21.86%
EPS(NY)2.06
Fwd EY12.56%
FCF(TTM)0.26
FCFY1.56%
OCF(TTM)0.36
OCFY2.22%
SpS4.25
BVpS15.43
TBVpS12.24
PEG (NY)N/A
PEG (5Y)2.02
Graham Number35.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 6.56% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.84% | ||
| GM | N/A | ||
| FCFM | 6.01% |
ROA(3y)0.66%
ROA(5y)0.87%
ROE(3y)7.44%
ROE(5y)8.85%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-20.82%
PM growth 5Y-10.73%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.5 | ||
| Debt/FCF | 83.31 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 55.5% | ||
| Cap/Sales | 2.56% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 25.19% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC9.98%
ROIC/WACCN/A
Cap/Depr(3y)59.85%
Cap/Depr(5y)51.32%
Cap/Sales(3y)3.13%
Cap/Sales(5y)2.52%
Profit Quality(3y)129.3%
Profit Quality(5y)123%
High Growth Momentum
Growth
EPS 1Y (TTM)159.42%
EPS 3Y-5.43%
EPS 5Y2.26%
EPS Q2Q%363.41%
EPS Next Y-293.8%
EPS Next 2Y9.99%
EPS Next 3Y8.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-141.08%
Revenue growth 3Y-6.42%
Revenue growth 5Y-1.24%
Sales Q2Q%6.44%
Revenue Next Year22.49%
Revenue Next 2Y14.69%
Revenue Next 3Y11.95%
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-83.37%
FCF growth 3Y-76.96%
FCF growth 5Y-62.38%
OCF growth 1Y-78.59%
OCF growth 3Y-60.88%
OCF growth 5Y-48.45%
HORIZON BANCORP INC/IN / HBNC FAQ
What is the fundamental rating for HBNC stock?
ChartMill assigns a fundamental rating of 3 / 10 to HBNC.
Can you provide the valuation status for HORIZON BANCORP INC/IN?
ChartMill assigns a valuation rating of 2 / 10 to HORIZON BANCORP INC/IN (HBNC). This can be considered as Overvalued.
What is the profitability of HBNC stock?
HORIZON BANCORP INC/IN (HBNC) has a profitability rating of 2 / 10.
Can you provide the financial health for HBNC stock?
The financial health rating of HORIZON BANCORP INC/IN (HBNC) is 1 / 10.
Can you provide the dividend sustainability for HBNC stock?
The dividend rating of HORIZON BANCORP INC/IN (HBNC) is 7 / 10 and the dividend payout ratio is 54.67%.