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LIMESTONE BANCORP INC (LMST) Stock Fundamental Analysis

NASDAQ:LMST - Nasdaq - US53262L1052 - Common Stock - Currency: USD

23.42  -0.33 (-1.39%)

Fundamental Rating

4

Taking everything into account, LMST scores 4 out of 10 in our fundamental rating. LMST was compared to 396 industry peers in the Banks industry. While LMST is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, LMST is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

LMST had positive earnings in the past year.
LMST had a positive operating cash flow in the past year.
In the past 5 years LMST has always been profitable.
In the past 5 years LMST always reported a positive cash flow from operatings.
LMST Yearly Net Income VS EBIT VS OCF VS FCFLMST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 10M 20M 30M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.23%, LMST is in the better half of the industry, outperforming 71.40% of the companies in the same industry.
The Return On Equity of LMST (13.48%) is better than 68.84% of its industry peers.
Industry RankSector Rank
ROA 1.23%
ROE 13.48%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
LMST Yearly ROA, ROE, ROICLMST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40

1.3 Margins

With a decent Profit Margin value of 31.13%, LMST is doing good in the industry, outperforming 65.35% of the companies in the same industry.
In the last couple of years the Profit Margin of LMST has declined.
LMST does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 31.13%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.26%
PM growth 5Y-21.23%
GM growth 3YN/A
GM growth 5YN/A
LMST Yearly Profit, Operating, Gross MarginsLMST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40 60 80 100

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3

2. Health

2.1 Basic Checks

LMST does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for LMST has been increased compared to 1 year ago.
Compared to 1 year ago, LMST has an improved debt to assets ratio.
LMST Yearly Shares OutstandingLMST Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2M 4M 6M
LMST Yearly Total Debt VS Total AssetsLMST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B

2.2 Solvency

The Debt to FCF ratio of LMST is 1.88, which is an excellent value as it means it would take LMST, only 1.88 years of fcf income to pay off all of its debts.
LMST has a Debt to FCF ratio of 1.88. This is comparable to the rest of the industry: LMST outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that LMST is not too dependend on debt financing.
LMST has a Debt to Equity ratio of 0.34. This is in the lower half of the industry: LMST underperforms 73.95% of its industry peers.
Even though the debt/equity ratio score it not favorable for LMST, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.88
Altman-Z N/A
ROIC/WACCN/A
WACC7.55%
LMST Yearly LT Debt VS Equity VS FCFLMST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
LMST Yearly Current Assets VS Current LiabilitesLMST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M

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5

3. Growth

3.1 Past

LMST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.45%, which is quite impressive.
Measured over the past years, LMST shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.41% on average per year.
LMST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.05%.
Measured over the past years, LMST shows a quite strong growth in Revenue. The Revenue has been growing by 9.68% on average per year.
EPS 1Y (TTM)22.45%
EPS 3Y18.8%
EPS 5Y-17.41%
EPS Q2Q%42.22%
Revenue 1Y (TTM)10.05%
Revenue growth 3Y11.98%
Revenue growth 5Y9.68%
Sales Q2Q%19.53%

3.2 Future

The Earnings Per Share is expected to decrease by -1.78% on average over the next years.
LMST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.22% yearly.
EPS Next Y-1.4%
EPS Next 2Y-1.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.9%
Revenue Next 2Y4.22%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LMST Yearly Revenue VS EstimatesLMST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
LMST Yearly EPS VS EstimatesLMST Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 0.5 1 1.5 2

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3

4. Valuation

4.1 Price/Earnings Ratio

LMST is valuated reasonably with a Price/Earnings ratio of 9.76.
Compared to the rest of the industry, the Price/Earnings ratio of LMST indicates a slightly more expensive valuation: LMST is more expensive than 73.72% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.52. LMST is valued rather cheaply when compared to this.
LMST is valuated reasonably with a Price/Forward Earnings ratio of 9.90.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LMST indicates a slightly more expensive valuation: LMST is more expensive than 66.05% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of LMST to the average of the S&P500 Index (22.25), we can say LMST is valued rather cheaply.
Industry RankSector Rank
PE 9.76
Fwd PE 9.9
LMST Price Earnings VS Forward Price EarningsLMST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

LMST's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 7.32
EV/EBITDA N/A
LMST Per share dataLMST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.78%
EPS Next 3YN/A

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.85%, LMST is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.47, LMST's dividend is way lower than its industry peers. On top of this 84.19% of the companies listed in the same industry pay a better dividend than LMST!
Compared to an average S&P500 Dividend Yield of 2.38, LMST's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.85%

5.2 History

The dividend of LMST decreases each year by -47.10%.
LMST is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)-47.1%
Div Incr Years0
Div Non Decr Years0
LMST Yearly Dividends per shareLMST Yearly Dividends per shareYearly Dividends per share 2022 2023 0.05 0.1 0.15

5.3 Sustainability

LMST pays out 8.46% of its income as dividend. This is a sustainable payout ratio.
LMST's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP8.46%
EPS Next 2Y-1.78%
EPS Next 3YN/A
LMST Yearly Income VS Free CF VS DividendLMST Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 10M 20M 30M
LMST Dividend Payout.LMST Dividend Payout, showing the Payout Ratio.LMST Dividend Payout.PayoutRetained Earnings

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LIMESTONE BANCORP INC

NASDAQ:LMST (4/28/2023, 8:00:00 PM)

23.42

-0.33 (-1.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-19 2023-04-19/amc
Earnings (Next)07-18 2023-07-18/amc
Inst Owners0.13%
Inst Owner Change0%
Ins Owners1.62%
Ins Owner Change0%
Market Cap178.68M
Analysts43.33
Price Target28.56 (21.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.85%
Yearly Dividend0.2
Dividend Growth(5Y)-47.1%
DP8.46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.53%
Min EPS beat(2)-0.4%
Max EPS beat(2)35.47%
EPS beat(4)3
Avg EPS beat(4)15.65%
Min EPS beat(4)-0.4%
Max EPS beat(4)35.47%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-4.86%
Max Revenue beat(2)2.37%
Revenue beat(4)3
Avg Revenue beat(4)0.82%
Min Revenue beat(4)-4.86%
Max Revenue beat(4)5.1%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)12%
EPS NQ rev (1m)4.27%
EPS NQ rev (3m)7.02%
EPS NY rev (1m)0.87%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.76
Fwd PE 9.9
P/S 3.08
P/FCF 7.32
P/OCF 7.12
P/B 1.33
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)2.4
EY10.25%
EPS(NY)2.37
Fwd EY10.1%
FCF(TTM)3.2
FCFY13.66%
OCF(TTM)3.29
OCFY14.04%
SpS7.6
BVpS17.55
TBVpS16.5
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.23%
ROE 13.48%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.13%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.26%
PM growth 5Y-21.23%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.88
Debt/EBITDA N/A
Cap/Depr 36.68%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 135.29%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC7.55%
ROIC/WACCN/A
Cap/Depr(3y)31.08%
Cap/Depr(5y)56.12%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)168%
Profit Quality(5y)150.16%
High Growth Momentum
Growth
EPS 1Y (TTM)22.45%
EPS 3Y18.8%
EPS 5Y-17.41%
EPS Q2Q%42.22%
EPS Next Y-1.4%
EPS Next 2Y-1.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.05%
Revenue growth 3Y11.98%
Revenue growth 5Y9.68%
Sales Q2Q%19.53%
Revenue Next Year6.9%
Revenue Next 2Y4.22%
Revenue Next 3YN/A
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 1Y16.11%
FCF growth 3Y27.05%
FCF growth 5Y69.78%
OCF growth 1Y12.58%
OCF growth 3Y23.82%
OCF growth 5Y65.68%