LCNB CORPORATION (LCNB)
US50181P1003 - Common Stock
Taking everything into account, LCNB scores 3 out of 10 in our fundamental rating. LCNB was compared to 412 industry peers in the Banks industry. LCNB has a bad profitability rating. Also its financial health evaluation is rather negative. LCNB has a correct valuation and a medium growth rate. LCNB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
LCNB had positive earnings in the past year.
In the past year LCNB had a positive cash flow from operations.
LCNB had positive earnings in each of the past 5 years.
Each year in the past 5 years LCNB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.55%, LCNB is doing worse than 76.21% of the companies in the same industry.
LCNB has a Return On Equity of 5.33%. This is in the lower half of the industry: LCNB underperforms 79.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 5.33% | ||
| ROIC | N/A |
ROA(3y)0.93%
ROA(5y)1.02%
ROE(3y)8.35%
ROE(5y)8.33%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 17.48%, LCNB is doing worse than 73.79% of the companies in the same industry.
LCNB's Profit Margin has declined in the last couple of years.
LCNB 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) | 17.48% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.37%
PM growth 5Y-6.94%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
LCNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, LCNB has more shares outstanding
LCNB has less shares outstanding than it did 5 years ago.
LCNB has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of LCNB is 6.05, which is on the high side as it means it would take LCNB, 6.05 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.05, LCNB is not doing good in the industry: 71.60% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.47 indicates that LCNB is not too dependend on debt financing.
LCNB's Debt to Equity ratio of 0.47 is on the low side compared to the rest of the industry. LCNB is outperformed by 68.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 6.05 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.71%
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 LCNB have decreased strongly by -35.23% in the last year.
Measured over the past years, LCNB shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.10% on average per year.
The Revenue has decreased by -4.73% in the past year.
Measured over the past years, LCNB shows a small growth in Revenue. The Revenue has been growing by 3.92% on average per year.
EPS 1Y (TTM)-35.23%
EPS 3Y-6.92%
EPS 5Y-2.1%
EPS growth Q2Q-84.21%
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y-0.09%
Revenue growth 5Y3.92%
Revenue growth Q2Q-2.9%
3.2 Future
Based on estimates for the next years, LCNB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.46% on average per year.
LCNB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.24% yearly.
EPS Next Y17.5%
EPS Next 2Y12.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year24.47%
Revenue Next 2Y15.24%
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 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
A Price/Earnings ratio of 11.70 indicates a reasonable valuation of LCNB.
Based on the Price/Earnings ratio, LCNB is valued a bit more expensive than the industry average as 64.56% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of LCNB to the average of the S&P500 Index (28.28), we can say LCNB is valued rather cheaply.
LCNB is valuated reasonably with a Price/Forward Earnings ratio of 9.96.
LCNB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LCNB is cheaper than 62.14% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of LCNB to the average of the S&P500 Index (20.88), we can say LCNB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.7 | ||
| Fwd PE | 9.96 |
4.2 Price Multiples
LCNB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.69 | ||
| 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 LCNB's earnings are expected to grow with 12.46% in the coming years.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y12.46%
EPS Next 3YN/A
5. Dividend
5.1 Amount
LCNB has a Yearly Dividend Yield of 6.12%, which is a nice return.
Compared to an average industry Dividend Yield of 3.81, LCNB pays a better dividend. On top of this LCNB pays more dividend than 91.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, LCNB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.12% |
5.2 History
The dividend of LCNB has a limited annual growth rate of 4.02%.
LCNB has paid a dividend for at least 10 years, which is a reliable track record.
LCNB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.02%
Div Incr Years6
Div Non Decr Years15
5.3 Sustainability
LCNB pays out 79.23% of its income as dividend. This is not a sustainable payout ratio.
LCNB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP79.23%
EPS Next 2Y12.46%
EPS Next 3YN/A
LCNB CORPORATION
NASDAQ:LCNB (5/3/2024, 7:03:02 PM)
After market: 14.63 0 (0%)14.63
+0.16 (+1.11%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap193.41M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.12% |
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)
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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)
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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 | 11.7 | ||
| Fwd PE | 9.96 | ||
| 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)0.67
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 5.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 17.48% | ||
| 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 | 0.47 | ||
| 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)-35.23%
EPS 3Y-6.92%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.73%
Revenue growth 3Y-0.09%
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