INDEPENDENT BANK GROUP INC (IBTX)
US45384B1061 - Common Stock
Taking everything into account, IBTX scores 3 out of 10 in our fundamental rating. IBTX was compared to 412 industry peers in the Banks industry. IBTX may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, IBTX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
IBTX had positive earnings in the past year.
IBTX had a positive operating cash flow in the past year.
IBTX had positive earnings in each of the past 5 years.
Each year in the past 5 years IBTX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.23%, IBTX is doing worse than 88.59% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.80%, IBTX is doing worse than 90.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 1.8% | ||
| 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
With a Profit Margin value of 8.49%, IBTX is not doing good in the industry: 88.35% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of IBTX has declined.
IBTX 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) | 8.49% | ||
| 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.
Compared to 1 year ago, IBTX has more shares outstanding
Compared to 5 years ago, IBTX has more shares outstanding
Compared to 1 year ago, IBTX has an improved debt to assets ratio.
2.2 Solvency
IBTX has a debt to FCF ratio of 2.26. This is a good value and a sign of high solvency as IBTX would need 2.26 years to pay back of all of its debts.
IBTX has a Debt to FCF ratio of 2.26. This is comparable to the rest of the industry: IBTX outperforms 54.37% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that IBTX is not too dependend on debt financing.
IBTX has a better Debt to Equity ratio (0.14) than 69.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.26 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC20.68%
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 -34.26% 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 for IBTX has decreased by -16.69% in the past year. This is quite bad
The Revenue has been growing slightly by 6.63% on average over the past years.
EPS 1Y (TTM)-34.26%
EPS 3Y-10.93%
EPS 5Y-5.8%
EPS growth Q2Q-48.33%
Revenue 1Y (TTM)-16.69%
Revenue growth 3Y-5.48%
Revenue growth 5Y6.63%
Revenue growth Q2Q-23.58%
3.2 Future
The Earnings Per Share is expected to grow by 15.98% on average over the next years. This is quite good.
Based on estimates for the next years, IBTX will show a quite strong growth in Revenue. The Revenue will grow by 9.81% on average per year.
EPS Next Y-9.46%
EPS Next 2Y15.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.49%
Revenue Next 2Y9.81%
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 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
The Price/Earnings ratio is 12.22, which indicates a correct valuation of IBTX.
IBTX's Price/Earnings ratio is a bit more expensive when compared to the industry. IBTX is more expensive than 66.26% of the companies in the same industry.
IBTX is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.49 indicates a correct valuation of IBTX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IBTX indicates a slightly more expensive valuation: IBTX is more expensive than 67.23% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.88. IBTX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.22 | ||
| Fwd PE | 13.49 |
4.2 Price Multiples
IBTX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. IBTX is more expensive than 60.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.53 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as IBTX's earnings are expected to grow with 15.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.98%
EPS Next 3YN/A
5. Dividend
5.1 Amount
IBTX has a Yearly Dividend Yield of 3.97%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.81, IBTX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, IBTX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
5.2 History
On average, the dividend of IBTX grows each year by 23.11%, which is quite nice.
IBTX has paid a dividend for at least 10 years, which is a reliable track record.
IBTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)23.11%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
IBTX pays out 145.39% of its income as dividend. This is not a sustainable payout ratio.
The dividend of IBTX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP145.39%
EPS Next 2Y15.98%
EPS Next 3YN/A
INDEPENDENT BANK GROUP INC
NASDAQ:IBTX (5/3/2024, 7:00:01 PM)
After market: 40.31 0 (0%)40.31
+1.48 (+3.81%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.66B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
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)
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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)
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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 | 12.22 | ||
| Fwd PE | 13.49 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 1.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 8.49% | ||
| 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 | 0.14 | ||
| 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)-34.26%
EPS 3Y-10.93%
EPS 5Y
EPS growth Q2Q
EPS Next Y-9.46%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-16.69%
Revenue growth 3Y-5.48%
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