HERITAGE COMMERCE CORP (HTBK) Stock Fundamental Analysis
USA - NASDAQ:HTBK - US4269271098 - Common Stock
10.2 USD
-0.38 (-3.59%)
10.2 USD
0 (0%)
Overall HTBK gets a fundamental rating of 4 out of 10. We evaluated HTBK against 388 industry peers in the Banks industry. HTBK has a bad profitability rating. Also its financial health evaluation is rather negative. HTBK is not valued too expensively and it also shows a decent growth rate. Finally HTBK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HTBK was profitable.
In the past year HTBK had a positive cash flow from operations.
In the past 5 years HTBK has always been profitable.
In the past 5 years HTBK always reported a positive cash flow from operatings.
1.2 Ratios
HTBK has a Return On Assets of 0.77%. This is comparable to the rest of the industry: HTBK outperforms 41.75% of its industry peers.
HTBK has a Return On Equity of 6.19%. This is in the lower half of the industry: HTBK underperforms 70.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 6.19% | ||
| ROIC | N/A |
ROA(3y)1.08%
ROA(5y)0.98%
ROE(3y)8.66%
ROE(5y)8.01%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 22.78%, HTBK is in line with its industry, outperforming 45.10% of the companies in the same industry.
HTBK's Profit Margin has declined in the last couple of years.
HTBK 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) | 22.78% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.43%
PM growth 5Y-3.79%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HTBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HTBK has more shares outstanding
Compared to 5 years ago, HTBK has more shares outstanding
Compared to 1 year ago, HTBK has an improved debt to assets ratio.
2.2 Solvency
HTBK has a debt to FCF ratio of 0.70. This is a very positive value and a sign of high solvency as it would only need 0.70 years to pay back of all of its debts.
The Debt to FCF ratio of HTBK (0.70) is better than 79.12% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that HTBK is not too dependend on debt financing.
HTBK has a Debt to Equity ratio of 0.06. This is in the better half of the industry: HTBK outperforms 79.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.7 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.53%
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 grown by an nice 14.08% over the past year.
The Earnings Per Share has been decreasing by -6.01% on average over the past years.
HTBK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.71%.
HTBK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)14.08%
EPS 3Y-6.21%
EPS 5Y-6.01%
EPS Q2Q%41.18%
Revenue 1Y (TTM)11.71%
Revenue growth 3Y3.43%
Revenue growth 5Y3.96%
Sales Q2Q%17.22%
3.2 Future
The Earnings Per Share is expected to grow by 16.90% on average over the next years. This is quite good.
The Revenue is expected to grow by 10.45% on average over the next years. This is quite good.
EPS Next Y30.41%
EPS Next 2Y20.26%
EPS Next 3Y16.9%
EPS Next 5YN/A
Revenue Next Year17.27%
Revenue Next 2Y12.34%
Revenue Next 3Y10.45%
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
With a Price/Earnings ratio of 12.59, HTBK is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of HTBK indicates a slightly more expensive valuation: HTBK is more expensive than 60.82% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, HTBK is valued rather cheaply.
The Price/Forward Earnings ratio is 10.69, which indicates a very decent valuation of HTBK.
61.08% of the companies in the same industry are cheaper than HTBK, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of HTBK to the average of the S&P500 Index (34.59), we can say HTBK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.59 | ||
| Fwd PE | 10.69 |
4.2 Price Multiples
HTBK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.97 | ||
| 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 HTBK's earnings are expected to grow with 16.90% in the coming years.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y20.26%
EPS Next 3Y16.9%
5. Dividend
5.1 Amount
HTBK has a Yearly Dividend Yield of 4.92%, which is a nice return.
HTBK's Dividend Yield is rather good when compared to the industry average which is at 3.39. HTBK pays more dividend than 86.34% of the companies in the same industry.
HTBK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
5.2 History
The dividend of HTBK has a limited annual growth rate of 3.29%.
HTBK has paid a dividend for at least 10 years, which is a reliable track record.
HTBK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.29%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
73.66% of the earnings are spent on dividend by HTBK. This is not a sustainable payout ratio.
HTBK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP73.66%
EPS Next 2Y20.26%
EPS Next 3Y16.9%
10.2
-0.38 (-3.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners79.8%
Inst Owner Change0.08%
Ins Owners2.26%
Ins Owner Change3.11%
Market Cap626.79M
Revenue(TTM)190.21M
Net Income(TTM)43.33M
Analysts85
Price Target12.07 (18.33%)
Short Float %1.61%
Short Ratio2.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
Yearly Dividend0.52
Dividend Growth(5Y)3.29%
DP73.66%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.2%
Min EPS beat(2)8.36%
Max EPS beat(2)12.04%
EPS beat(4)3
Avg EPS beat(4)5.48%
Min EPS beat(4)-1.96%
Max EPS beat(4)12.04%
EPS beat(8)3
Avg EPS beat(8)-2.04%
EPS beat(12)3
Avg EPS beat(12)-2.34%
EPS beat(16)7
Avg EPS beat(16)-1.15%
Revenue beat(2)0
Avg Revenue beat(2)-3.47%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)-2.99%
Revenue beat(4)1
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-4%
Max Revenue beat(4)4.36%
Revenue beat(8)1
Avg Revenue beat(8)-3.96%
Revenue beat(12)2
Avg Revenue beat(12)-3.42%
Revenue beat(16)6
Avg Revenue beat(16)-1.29%
PT rev (1m)7.58%
PT rev (3m)7.58%
EPS NQ rev (1m)8.02%
EPS NQ rev (3m)8.02%
EPS NY rev (1m)3.66%
EPS NY rev (3m)7.09%
Revenue NQ rev (1m)3.07%
Revenue NQ rev (3m)3.51%
Revenue NY rev (1m)2.5%
Revenue NY rev (3m)2.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.59 | ||
| Fwd PE | 10.69 | ||
| P/S | 3.3 | ||
| P/FCF | 10.97 | ||
| P/OCF | 10.9 | ||
| P/B | 0.9 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.81
EY7.94%
EPS(NY)0.95
Fwd EY9.36%
FCF(TTM)0.93
FCFY9.12%
OCF(TTM)0.94
OCFY9.18%
SpS3.1
BVpS11.39
TBVpS8.58
PEG (NY)0.41
PEG (5Y)N/A
Graham Number14.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 6.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.78% | ||
| GM | N/A | ||
| FCFM | 30.05% |
ROA(3y)1.08%
ROA(5y)0.98%
ROE(3y)8.66%
ROE(5y)8.01%
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-8.43%
PM growth 5Y-3.79%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.7 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 11.3% | ||
| Cap/Sales | 0.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 131.9% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC16.53%
ROIC/WACCN/A
Cap/Depr(3y)38.07%
Cap/Depr(5y)37.52%
Cap/Sales(3y)0.74%
Cap/Sales(5y)0.89%
Profit Quality(3y)102.19%
Profit Quality(5y)115.72%
High Growth Momentum
Growth
EPS 1Y (TTM)14.08%
EPS 3Y-6.21%
EPS 5Y-6.01%
EPS Q2Q%41.18%
EPS Next Y30.41%
EPS Next 2Y20.26%
EPS Next 3Y16.9%
EPS Next 5YN/A
Revenue 1Y (TTM)11.71%
Revenue growth 3Y3.43%
Revenue growth 5Y3.96%
Sales Q2Q%17.22%
Revenue Next Year17.27%
Revenue Next 2Y12.34%
Revenue Next 3Y10.45%
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-44.7%
FCF growth 3Y-12.94%
FCF growth 5Y-5.72%
OCF growth 1Y-45.08%
OCF growth 3Y-11.83%
OCF growth 5Y-4.99%
HERITAGE COMMERCE CORP / HTBK FAQ
Can you provide the ChartMill fundamental rating for HERITAGE COMMERCE CORP?
ChartMill assigns a fundamental rating of 4 / 10 to HTBK.
What is the valuation status of HERITAGE COMMERCE CORP (HTBK) stock?
ChartMill assigns a valuation rating of 4 / 10 to HERITAGE COMMERCE CORP (HTBK). This can be considered as Fairly Valued.
Can you provide the profitability details for HERITAGE COMMERCE CORP?
HERITAGE COMMERCE CORP (HTBK) has a profitability rating of 3 / 10.
Can you provide the financial health for HTBK stock?
The financial health rating of HERITAGE COMMERCE CORP (HTBK) is 3 / 10.
How sustainable is the dividend of HERITAGE COMMERCE CORP (HTBK) stock?
The dividend rating of HERITAGE COMMERCE CORP (HTBK) is 8 / 10 and the dividend payout ratio is 73.66%.