METROCITY BANKSHARES INC (MCBS)
US59165J1051 - Common Stock
Taking everything into account, MCBS scores 5 out of 10 in our fundamental rating. MCBS was compared to 412 industry peers in the Banks industry. MCBS has only an average score on both its financial health and profitability. MCBS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MCBS had positive earnings in the past year.
In the past year MCBS had a positive cash flow from operations.
MCBS had positive earnings in each of the past 5 years.
In the past 5 years MCBS always reported a positive cash flow from operatings.
1.2 Ratios
MCBS has a better Return On Assets (1.47%) than 88.35% of its industry peers.
The Return On Equity of MCBS (13.53%) is better than 85.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.47% | ||
| ROE | 13.53% | ||
| ROIC | N/A |
ROA(3y)1.76%
ROA(5y)1.99%
ROE(3y)17.57%
ROE(5y)17.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MCBS has a better Profit Margin (43.13%) than 96.60% of its industry peers.
In the last couple of years the Profit Margin of MCBS has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for MCBS so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 43.13% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.4%
PM growth 5Y0.01%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MCBS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MCBS has about the same amount of shares outstanding.
The number of shares outstanding for MCBS has been reduced compared to 5 years ago.
MCBS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
There is no outstanding debt for MCBS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.38%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MCBS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.40%.
The Earnings Per Share has been growing slightly by 4.41% on average over the past years.
The Revenue for MCBS has decreased by -13.78% in the past year. This is quite bad
Measured over the past years, MCBS shows a small growth in Revenue. The Revenue has been growing by 4.55% on average per year.
EPS 1Y (TTM)-21.4%
EPS 3Y12.73%
EPS 5Y4.41%
EPS growth Q2Q-15.38%
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y8.66%
Revenue growth 5Y4.55%
Revenue growth Q2Q-0.3%
3.2 Future
The Earnings Per Share is expected to grow by 15.52% on average over the next years. This is quite good.
Based on estimates for the next years, MCBS will show a quite strong growth in Revenue. The Revenue will grow by 10.89% on average per year.
EPS Next Y17.7%
EPS Next 2Y15.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.71%
Revenue Next 2Y10.89%
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 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 11.92, the valuation of MCBS can be described as very reasonable.
MCBS's Price/Earnings ratio is a bit more expensive when compared to the industry. MCBS is more expensive than 67.48% of the companies in the same industry.
MCBS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.84.
A Price/Forward Earnings ratio of 10.12 indicates a reasonable valuation of MCBS.
MCBS's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MCBS to the average of the S&P500 Index (21.35), we can say MCBS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.92 | ||
| Fwd PE | 10.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MCBS indicates a somewhat cheap valuation: MCBS is cheaper than 60.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.86 | ||
| 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.
MCBS's earnings are expected to grow with 15.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)2.7
EPS Next 2Y15.52%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MCBS has a Yearly Dividend Yield of 3.35%.
Compared to an average industry Dividend Yield of 3.83, MCBS has a dividend in line with its industry peers.
MCBS's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
5.2 History
MCBS has been paying a dividend for over 5 years, so it has already some track record.
MCBS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
MCBS pays out 35.26% of its income as dividend. This is a sustainable payout ratio.
DP35.26%
EPS Next 2Y15.52%
EPS Next 3YN/A
METROCITY BANKSHARES INC
NASDAQ:MCBS (4/26/2024, 7:02:45 PM)
After market: 24.07 0 (0%)24.07
+0.22 (+0.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap606.80M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 11.92 | ||
| Fwd PE | 10.12 | ||
| 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)2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.47% | ||
| ROE | 13.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 43.13% | ||
| 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 | ||
| 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)-21.4%
EPS 3Y12.73%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.7%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y8.66%
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