HEARTLAND FINANCIAL USA INC (HTLF)
US42234Q1022 - Common Stock
HTLF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. Both the profitability and financial health of HTLF have multiple concerns. HTLF has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HTLF had positive earnings in the past year.
HTLF had a positive operating cash flow in the past year.
HTLF had positive earnings in each of the past 5 years.
Each year in the past 5 years HTLF had a positive operating cash flow.
1.2 Ratios
HTLF has a Return On Assets of 0.37%. This is amonst the worse of the industry: HTLF underperforms 83.98% of its industry peers.
The Return On Equity of HTLF (3.72%) is worse than 85.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.72% | ||
| ROIC | N/A |
ROA(3y)0.83%
ROA(5y)0.87%
ROE(3y)8.4%
ROE(5y)8.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 12.39%, HTLF is doing worse than 84.22% of the companies in the same industry.
HTLF's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for HTLF so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 12.39% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.2%
PM growth 5Y-11.15%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HTLF does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for HTLF has been increased compared to 1 year ago.
Compared to 5 years ago, HTLF has more shares outstanding
HTLF has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of HTLF is 1.73, which is an excellent value as it means it would take HTLF, only 1.73 years of fcf income to pay off all of its debts.
HTLF has a Debt to FCF ratio of 1.73. This is in the better half of the industry: HTLF outperforms 62.86% of its industry peers.
HTLF has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of HTLF (0.24) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.73 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.24%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
HTLF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.12%.
Measured over the past 5 years, HTLF shows a small growth in Earnings Per Share. The EPS has been growing by 4.81% on average per year.
HTLF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.13%.
HTLF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.09% yearly.
EPS 1Y (TTM)-10.12%
EPS 3Y7.54%
EPS 5Y4.81%
EPS growth Q2Q-22.63%
Revenue 1Y (TTM)-20.13%
Revenue growth 3Y-1.76%
Revenue growth 5Y2.09%
Revenue growth Q2Q-77.29%
3.2 Future
The Earnings Per Share is expected to grow by 5.19% on average over the next years.
HTLF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.24% yearly.
EPS Next Y3.76%
EPS Next 2Y5.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.65%
Revenue Next 2Y3.24%
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 stable.
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
HTLF is valuated reasonably with a Price/Earnings ratio of 9.74.
HTLF's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.06, HTLF is valued rather cheaply.
HTLF is valuated reasonably with a Price/Forward Earnings ratio of 9.39.
Based on the Price/Forward Earnings ratio, HTLF is valued a bit cheaper than 68.20% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.72, HTLF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 9.39 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, HTLF is valued a bit cheaper than the industry average as 72.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.77 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.59
PEG (5Y)2.02
EPS Next 2Y5.19%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.85%, HTLF has a reasonable but not impressive dividend return.
HTLF's Dividend Yield is slightly below the industry average, which is at 3.84.
Compared to an average S&P500 Dividend Yield of 2.41, HTLF has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
5.2 History
On average, the dividend of HTLF grows each year by 18.17%, which is quite nice.
HTLF has been paying a dividend for at least 10 years, so it has a reliable track record.
HTLF has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)18.17%
Div Incr Years7
Div Non Decr Years10
5.3 Sustainability
HTLF pays out 82.24% of its income as dividend. This is not a sustainable payout ratio.
HTLF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP82.24%
EPS Next 2Y5.19%
EPS Next 3YN/A
HEARTLAND FINANCIAL USA INC
NASDAQ:HTLF (5/2/2024, 7:00:01 PM)
After market: 43.26 0 (0%)43.26
+1.18 (+2.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 9.39 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.59
PEG (5Y)2.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.72% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 12.39% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-10.12%
EPS 3Y7.54%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.13%
Revenue growth 3Y-1.76%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y