INDEPENDENT BANK GROUP INC (IBTX) Stock Fundamental Analysis
USA - NASDAQ:IBTX - US45384B1061 - Common Stock
60.67 USD
+0.28 (+0.46%)
60.63 USD
-0.04 (-0.07%)
Overall IBTX gets a fundamental rating of 2 out of 10. We evaluated IBTX against 390 industry peers in the Banks industry. IBTX may be in some trouble as it scores bad on both profitability and health. IBTX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
IBTX had positive earnings in the past year.
In the past year IBTX had a positive cash flow from operations.
IBTX had positive earnings in each of the past 5 years.
In the past 5 years IBTX always reported a positive cash flow from operatings.
1.2 Ratios
IBTX has a Return On Assets of -2.20%. This is amonst the worse of the industry: IBTX underperforms 98.99% of its industry peers.
IBTX has a Return On Equity of -20.96%. This is amonst the worse of the industry: IBTX underperforms 98.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.2% | ||
| ROE | -20.96% | ||
| ROIC | N/A |
ROA(3y)0.83%
ROA(5y)0.98%
ROE(3y)6.2%
ROE(5y)6.94%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
IBTX's Profit Margin has declined in the last couple of years.
The Profit Margin and Operating Margin and Gross Margin are not available for IBTX so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-36.52%
PM growth 5Y-24.46%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
IBTX does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IBTX has been increased compared to 1 year ago.
IBTX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IBTX has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of IBTX is 12.15, which is on the high side as it means it would take IBTX, 12.15 years of fcf income to pay off all of its debts.
IBTX has a Debt to FCF ratio of 12.15. This is in the lower half of the industry: IBTX underperforms 75.06% of its industry peers.
IBTX has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.26, IBTX perfoms like the industry average, outperforming 40.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 12.15 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC17.25%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for IBTX have decreased strongly by -39.43% in the last year.
Measured over the past years, IBTX shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.80% on average per year.
The Revenue has grown by 8.01% in the past year. This is quite good.
IBTX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.63% yearly.
EPS 1Y (TTM)-39.43%
EPS 3Y-10.93%
EPS 5Y-5.8%
EPS Q2Q%-36.71%
Revenue 1Y (TTM)8.01%
Revenue growth 3Y-5.48%
Revenue growth 5Y6.63%
Sales Q2Q%-1.95%
3.2 Future
The Earnings Per Share is expected to grow by 14.84% on average over the next years. This is quite good.
IBTX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.19% yearly.
EPS Next Y-25.82%
EPS Next 2Y11.19%
EPS Next 3Y14.84%
EPS Next 5YN/A
Revenue Next Year-5.75%
Revenue Next 2Y8.16%
Revenue Next 3Y9.19%
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.
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 25.82, IBTX can be considered very expensive at the moment.
IBTX's Price/Earnings ratio is rather expensive when compared to the industry. IBTX is more expensive than 82.62% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.76. IBTX is around the same levels.
Based on the Price/Forward Earnings ratio of 14.87, the valuation of IBTX can be described as correct.
Based on the Price/Forward Earnings ratio, IBTX is valued a bit more expensive than the industry average as 70.53% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, IBTX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.82 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IBTX indicates a rather expensive valuation: IBTX more expensive than 80.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.94 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
IBTX's earnings are expected to grow with 14.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.19%
EPS Next 3Y14.84%
5. Dividend
5.1 Amount
IBTX has a Yearly Dividend Yield of 2.51%.
Compared to an average industry Dividend Yield of 3.50, IBTX is paying slightly less dividend.
IBTX's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
On average, the dividend of IBTX grows each year by 23.11%, which is quite nice.
IBTX has been paying a dividend for at least 10 years, so it has a reliable track record.
IBTX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)23.11%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
IBTX has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of IBTX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-15.39%
EPS Next 2Y11.19%
EPS Next 3Y14.84%
60.67
+0.28 (+0.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners77.53%
Inst Owner Change0%
Ins Owners3.11%
Ins Owner Change0%
Market Cap2.51B
Revenue(TTM)587.60M
Net Income(TTM)-408519000
Analysts80
Price Target58.31 (-3.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend1.52
Dividend Growth(5Y)23.11%
DP-15.39%
Div Incr Years0
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.55%
Min EPS beat(2)-28.26%
Max EPS beat(2)1.17%
EPS beat(4)2
Avg EPS beat(4)-7.83%
Min EPS beat(4)-28.26%
Max EPS beat(4)4.56%
EPS beat(8)3
Avg EPS beat(8)-5.37%
EPS beat(12)5
Avg EPS beat(12)-3.26%
EPS beat(16)7
Avg EPS beat(16)-2.85%
Revenue beat(2)0
Avg Revenue beat(2)-4.46%
Min Revenue beat(2)-5.4%
Max Revenue beat(2)-3.51%
Revenue beat(4)0
Avg Revenue beat(4)-5.69%
Min Revenue beat(4)-7.43%
Max Revenue beat(4)-3.51%
Revenue beat(8)0
Avg Revenue beat(8)-6.9%
Revenue beat(12)0
Avg Revenue beat(12)-5.13%
Revenue beat(16)0
Avg Revenue beat(16)-4.72%
PT rev (1m)2.69%
PT rev (3m)1.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.82 | ||
| Fwd PE | 14.87 | ||
| P/S | 4.28 | ||
| P/FCF | 59.94 | ||
| P/OCF | 44.69 | ||
| P/B | 1.29 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.35
EY3.87%
EPS(NY)4.08
Fwd EY6.72%
FCF(TTM)1.01
FCFY1.67%
OCF(TTM)1.36
OCFY2.24%
SpS14.18
BVpS47.03
TBVpS34.54
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.2% | ||
| ROE | -20.96% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 7.14% |
ROA(3y)0.83%
ROA(5y)0.98%
ROE(3y)6.2%
ROE(5y)6.94%
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-36.52%
PM growth 5Y-24.46%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 12.15 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 45.25% | ||
| Cap/Sales | 2.44% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC17.25%
ROIC/WACCN/A
Cap/Depr(3y)194.46%
Cap/Depr(5y)158.96%
Cap/Sales(3y)8.88%
Cap/Sales(5y)7.12%
Profit Quality(3y)168.82%
Profit Quality(5y)129.43%
High Growth Momentum
Growth
EPS 1Y (TTM)-39.43%
EPS 3Y-10.93%
EPS 5Y-5.8%
EPS Q2Q%-36.71%
EPS Next Y-25.82%
EPS Next 2Y11.19%
EPS Next 3Y14.84%
EPS Next 5YN/A
Revenue 1Y (TTM)8.01%
Revenue growth 3Y-5.48%
Revenue growth 5Y6.63%
Sales Q2Q%-1.95%
Revenue Next Year-5.75%
Revenue Next 2Y8.16%
Revenue Next 3Y9.19%
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-65.51%
FCF growth 3Y2.7%
FCF growth 5Y3.65%
OCF growth 1Y-73.99%
OCF growth 3Y2.32%
OCF growth 5Y0.81%
INDEPENDENT BANK GROUP INC / IBTX FAQ
Can you provide the ChartMill fundamental rating for INDEPENDENT BANK GROUP INC?
ChartMill assigns a fundamental rating of 2 / 10 to IBTX.
What is the valuation status of INDEPENDENT BANK GROUP INC (IBTX) stock?
ChartMill assigns a valuation rating of 1 / 10 to INDEPENDENT BANK GROUP INC (IBTX). This can be considered as Overvalued.
Can you provide the profitability details for INDEPENDENT BANK GROUP INC?
INDEPENDENT BANK GROUP INC (IBTX) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for IBTX stock?
The Price/Earnings (PE) ratio for INDEPENDENT BANK GROUP INC (IBTX) is 25.82 and the Price/Book (PB) ratio is 1.29.
What is the earnings growth outlook for INDEPENDENT BANK GROUP INC?
The Earnings per Share (EPS) of INDEPENDENT BANK GROUP INC (IBTX) is expected to decline by -25.82% in the next year.