LIMESTONE BANCORP INC (LMST) Fundamental Analysis & Valuation

NASDAQ:LMST • US53262L1052

23.42 USD
-0.33 (-1.39%)
Last: Apr 28, 2023, 08:00 PM
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This LMST fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to LMST. LMST was compared to 381 industry peers in the Banks industry. LMST may be in some trouble as it scores bad on both profitability and health. LMST is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. LMST Profitability Analysis

1.1 Basic Checks

  • LMST had positive earnings in the past year.
  • In the past year LMST had a positive cash flow from operations.
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 2016 2017 2018 2019 2020 2021 2022 0 10M 20M 30M

1.2 Ratios

  • With a decent Return On Assets value of 1.23%, LMST is doing good in 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 2016 2017 2018 2019 2020 2021 2022 0 10 20 30 40 50

1.3 Margins

  • LMST has a better Profit Margin (31.13%) than 65.35% of its industry peers.
  • LMST's Profit Margin has declined in the last couple of years.
  • The Operating Margin and Gross Margin are not available for LMST so they could not be analyzed.
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 2016 2017 2018 2019 2020 2021 2022 0 20 40 60 80 100

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3

2. LMST Health Analysis

2.1 Basic Checks

  • LMST does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • LMST has more shares outstanding than it did 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 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 2016 2017 2018 2019 2020 2021 2022 500M 1B

2.2 Solvency

  • LMST has a debt to FCF ratio of 1.88. This is a very positive value and a sign of high solvency as it would only need 1.88 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 1.88, LMST perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • LMST has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
  • LMST's Debt to Equity ratio of 0.34 is on the low side compared to the rest of the industry. LMST is outperformed by 73.95% of its industry peers.
  • Although LMST's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
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 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 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. LMST Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.45% over the past year.
  • LMST shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.41% yearly.
  • 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

  • Based on estimates for the next years, LMST will show a decrease in Earnings Per Share. The EPS will decrease by -1.78% on average per year.
  • The Revenue is expected to grow by 4.22% on average over the next years.
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

  • 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 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 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. LMST Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.76, the valuation of LMST can be described as reasonable.
  • LMST's Price/Earnings ratio is a bit more expensive when compared to the industry. LMST is more expensive than 73.72% of the companies in the same industry.
  • LMST is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 9.90, the valuation of LMST can be described as very reasonable.
  • 66.05% of the companies in the same industry are cheaper than LMST, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, 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

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

1

5. LMST Dividend Analysis

5.1 Amount

  • LMST has a yearly dividend return of 0.85%, which is pretty low.
  • With a Dividend Yield of 0.85, LMST pays less dividend than the industry average, which is at 2.86. 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 1.82, 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 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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LMST Fundamentals: All Metrics, Ratios and Statistics

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
Earnings (Next)07-18
Inst Owners0.13%
Inst Owner Change0%
Ins Owners1.62%
Ins Owner Change0%
Market Cap178.68M
Revenue(TTM)57.95M
Net Income(TTM)18.04M
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
Graham NumberN/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
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 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%

LIMESTONE BANCORP INC / LMST FAQ

What is the ChartMill fundamental rating of LIMESTONE BANCORP INC (LMST) stock?

ChartMill assigns a fundamental rating of 3 / 10 to LMST.


Can you provide the valuation status for LIMESTONE BANCORP INC?

ChartMill assigns a valuation rating of 3 / 10 to LIMESTONE BANCORP INC (LMST). This can be considered as Overvalued.


Can you provide the profitability details for LIMESTONE BANCORP INC?

LIMESTONE BANCORP INC (LMST) has a profitability rating of 5 / 10.


What is the financial health of LIMESTONE BANCORP INC (LMST) stock?

The financial health rating of LIMESTONE BANCORP INC (LMST) is 1 / 10.


What is the expected EPS growth for LIMESTONE BANCORP INC (LMST) stock?

The Earnings per Share (EPS) of LIMESTONE BANCORP INC (LMST) is expected to decline by -1.4% in the next year.