N B T BANCORP INC (NBTB) Stock Fundamental Analysis
NASDAQ:NBTB - US6287781024 - Common Stock
45.07 USD
+0.18 (+0.4%)
45.07 USD
0 (0%)
Overall NBTB gets a fundamental rating of 4 out of 10. We evaluated NBTB against 393 industry peers in the Banks industry. NBTB has a bad profitability rating. Also its financial health evaluation is rather negative. NBTB has a decent growth rate and is not valued too expensively. NBTB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NBTB had positive earnings in the past year.
In the past year NBTB had a positive cash flow from operations.
In the past 5 years NBTB has always been profitable.
In the past 5 years NBTB always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NBTB (0.83%) is comparable to the rest of the industry.
NBTB has a Return On Equity (7.39%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 7.39% | ||
| ROIC | N/A |
ROA(3y)1.07%
ROA(5y)1.09%
ROE(3y)10.16%
ROE(5y)10.33%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NBTB has a Profit Margin (21.45%) which is in line with its industry peers.
In the last couple of years the Profit Margin of NBTB has declined.
The Operating Margin and Gross Margin are not available for NBTB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 21.45% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9%
PM growth 5Y-1.7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NBTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
NBTB has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, NBTB has more shares outstanding
NBTB has a better debt/assets ratio than last year.
2.2 Solvency
NBTB has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as NBTB would need 2.40 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.40, NBTB is in line with its industry, outperforming 45.29% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that NBTB is not too dependend on debt financing.
The Debt to Equity ratio of NBTB (0.23) is worse than 61.83% of its industry peers.
Although NBTB does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.08%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.92% over the past year.
The Earnings Per Share has been growing slightly by 1.64% on average over the past years.
NBTB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.29%.
Measured over the past years, NBTB shows a small growth in Revenue. The Revenue has been growing by 4.84% on average per year.
EPS 1Y (TTM)10.92%
EPS 3Y-6%
EPS 5Y1.64%
EPS Q2Q%27.54%
Revenue 1Y (TTM)12.29%
Revenue growth 3Y6.41%
Revenue growth 5Y4.84%
Sales Q2Q%53.2%
3.2 Future
Based on estimates for the next years, NBTB will show a very strong growth in Earnings Per Share. The EPS will grow by 21.94% on average per year.
NBTB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.90% yearly.
EPS Next Y25.3%
EPS Next 2Y21.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.55%
Revenue Next 2Y15.9%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.87 indicates a correct valuation of NBTB.
The rest of the industry has a similar Price/Earnings ratio as NBTB.
Compared to an average S&P500 Price/Earnings ratio of 27.14, NBTB is valued a bit cheaper.
With a Price/Forward Earnings ratio of 10.31, the valuation of NBTB can be described as very reasonable.
NBTB's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.80, NBTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.87 | ||
| Fwd PE | 10.31 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as NBTB.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.75 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
NBTB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NBTB's earnings are expected to grow with 21.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
PEG (5Y)8.44
EPS Next 2Y21.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.48%, NBTB has a reasonable but not impressive dividend return.
NBTB's Dividend Yield is a higher than the industry average which is at 3.30.
NBTB's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
5.2 History
The dividend of NBTB has a limited annual growth rate of 4.78%.
NBTB has paid a dividend for at least 10 years, which is a reliable track record.
NBTB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.78%
Div Incr Years12
Div Non Decr Years25
5.3 Sustainability
NBTB pays out 49.46% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of NBTB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.46%
EPS Next 2Y21.94%
EPS Next 3YN/A
45.07
+0.18 (+0.4%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners61.09%
Inst Owner Change8.99%
Ins Owners2.66%
Ins Owner Change-1.38%
Market Cap2.36B
Analysts78.46
Price Target51.17 (13.53%)
Short Float %2.47%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
Yearly Dividend1.32
Dividend Growth(5Y)4.78%
DP49.46%
Div Incr Years12
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.08%
Min EPS beat(2)5.87%
Max EPS beat(2)6.29%
EPS beat(4)3
Avg EPS beat(4)2.94%
Min EPS beat(4)-1.5%
Max EPS beat(4)6.29%
EPS beat(8)4
Avg EPS beat(8)2.63%
EPS beat(12)7
Avg EPS beat(12)1.38%
EPS beat(16)10
Avg EPS beat(16)2.34%
Revenue beat(2)1
Avg Revenue beat(2)-0.75%
Min Revenue beat(2)-1.9%
Max Revenue beat(2)0.39%
Revenue beat(4)1
Avg Revenue beat(4)-10.94%
Min Revenue beat(4)-21.18%
Max Revenue beat(4)0.39%
Revenue beat(8)3
Avg Revenue beat(8)-8.51%
Revenue beat(12)3
Avg Revenue beat(12)-7.22%
Revenue beat(16)5
Avg Revenue beat(16)-5.43%
PT rev (1m)0.67%
PT rev (3m)-0.86%
EPS NQ rev (1m)3.99%
EPS NQ rev (3m)1.54%
EPS NY rev (1m)4.07%
EPS NY rev (3m)4%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)4.9%
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.87 | ||
| Fwd PE | 10.31 | ||
| P/S | 3.8 | ||
| P/FCF | 13.75 | ||
| P/OCF | 12.72 | ||
| P/B | 1.31 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.25
EY7.21%
EPS(NY)4.37
Fwd EY9.7%
FCF(TTM)3.28
FCFY7.27%
OCF(TTM)3.54
OCFY7.86%
SpS11.87
BVpS34.46
TBVpS24.56
PEG (NY)0.55
PEG (5Y)8.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 7.39% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 21.45% | ||
| GM | N/A | ||
| FCFM | 27.62% |
ROA(3y)1.07%
ROA(5y)1.09%
ROE(3y)10.16%
ROE(5y)10.33%
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 3Y-9%
PM growth 5Y-1.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 55.68% | ||
| Cap/Sales | 2.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 128.77% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC13.08%
ROIC/WACCN/A
Cap/Depr(3y)46.75%
Cap/Depr(5y)52.6%
Cap/Sales(3y)1.72%
Cap/Sales(5y)1.71%
Profit Quality(3y)122.14%
Profit Quality(5y)119.11%
High Growth Momentum
Growth
EPS 1Y (TTM)10.92%
EPS 3Y-6%
EPS 5Y1.64%
EPS Q2Q%27.54%
EPS Next Y25.3%
EPS Next 2Y21.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.29%
Revenue growth 3Y6.41%
Revenue growth 5Y4.84%
Sales Q2Q%53.2%
Revenue Next Year20.55%
Revenue Next 2Y15.9%
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 1Y22.58%
FCF growth 3Y5.29%
FCF growth 5Y3.78%
OCF growth 1Y25.73%
OCF growth 3Y5.81%
OCF growth 5Y4.2%