NORTHRIM BANCORP INC (NRIM) Stock Fundamental Analysis
USA - NASDAQ:NRIM - US6667621097 - Common Stock
22.64 USD
-0.06 (-0.26%)
22.64 USD
0 (0%)
Taking everything into account, NRIM scores 6 out of 10 in our fundamental rating. NRIM was compared to 392 industry peers in the Banks industry. NRIM has an average financial health and profitability rating. An interesting combination arises when we look at growth and value: NRIM is growing strongly while it also seems undervalued. Finally NRIM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NRIM had positive earnings in the past year.
NRIM had a positive operating cash flow in the past year.
NRIM had positive earnings in each of the past 5 years.
In multiple years NRIM reported negative operating cash flow during the last 5 years.
1.2 Ratios
NRIM has a better Return On Assets (1.38%) than 86.48% of its industry peers.
NRIM has a better Return On Equity (15.46%) than 94.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 15.46% | ||
| ROIC | N/A |
ROA(3y)1.09%
ROA(5y)1.24%
ROE(3y)12.9%
ROE(5y)13.86%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of NRIM (24.91%) is comparable to the rest of the industry.
NRIM's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for NRIM so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 24.91% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.45%
PM growth 5Y3.19%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NRIM does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NRIM remains at a similar level compared to 1 year ago.
Compared to 5 years ago, NRIM has less shares outstanding
Compared to 1 year ago, NRIM has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of NRIM is 0.21, which is an excellent value as it means it would take NRIM, only 0.21 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.21, NRIM belongs to the best of the industry, outperforming 85.97% of the companies in the same industry.
NRIM has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
NRIM has a better Debt to Equity ratio (0.04) than 82.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.21 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC28.1%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
NRIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.94%, which is quite impressive.
Measured over the past years, NRIM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.77% on average per year.
The Revenue has grown by 30.00% in the past year. This is a very strong growth!
Measured over the past years, NRIM shows a quite strong growth in Revenue. The Revenue has been growing by 8.82% on average per year.
EPS 1Y (TTM)41.94%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%36.42%
Revenue 1Y (TTM)30%
Revenue growth 3Y5.26%
Revenue growth 5Y8.82%
Sales Q2Q%24.17%
3.2 Future
NRIM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.93% yearly.
Based on estimates for the next years, NRIM will show a quite strong growth in Revenue. The Revenue will grow by 15.03% on average per year.
EPS Next Y49.29%
EPS Next 2Y21.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.82%
Revenue Next 2Y15.03%
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
Based on the Price/Earnings ratio of 2.76, the valuation of NRIM can be described as very cheap.
Based on the Price/Earnings ratio, NRIM is valued a bit cheaper than the industry average as 69.13% of the companies are valued more expensively.
NRIM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
A Price/Forward Earnings ratio of 2.31 indicates a rather cheap valuation of NRIM.
Based on the Price/Forward Earnings ratio, NRIM is valued a bit cheaper than 68.11% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.87. NRIM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.76 | ||
| Fwd PE | 2.31 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, NRIM is valued a bit cheaper than the industry average as 66.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.59 | ||
| 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 NRIM's earnings are expected to grow with 21.93% in the coming years.
PEG (NY)0.06
PEG (5Y)0.16
EPS Next 2Y21.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NRIM has a Yearly Dividend Yield of 2.74%.
Compared to an average industry Dividend Yield of 3.47, NRIM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, NRIM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
On average, the dividend of NRIM grows each year by 14.64%, which is quite nice.
NRIM has been paying a dividend for at least 10 years, so it has a reliable track record.
NRIM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.64%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
NRIM pays out 31.46% of its income as dividend. This is a sustainable payout ratio.
NRIM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP31.46%
EPS Next 2Y21.93%
EPS Next 3YN/A
22.64
-0.06 (-0.26%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.92%
Inst Owner Change-0.34%
Ins Owners2.77%
Ins Owner Change1%
Market Cap124.97M
Analysts85
Price TargetN/A
Short Float %1.21%
Short Ratio1.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend2.49
Dividend Growth(5Y)14.64%
DP31.46%
Div Incr Years15
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)20.3%
Min EPS beat(2)-4.55%
Max EPS beat(2)45.16%
EPS beat(4)3
Avg EPS beat(4)14.15%
Min EPS beat(4)-4.55%
Max EPS beat(4)45.16%
EPS beat(8)6
Avg EPS beat(8)15.77%
EPS beat(12)7
Avg EPS beat(12)5.82%
EPS beat(16)8
Avg EPS beat(16)4.2%
Revenue beat(2)0
Avg Revenue beat(2)-9.2%
Min Revenue beat(2)-17.3%
Max Revenue beat(2)-1.1%
Revenue beat(4)2
Avg Revenue beat(4)-3.01%
Min Revenue beat(4)-17.3%
Max Revenue beat(4)4.26%
Revenue beat(8)4
Avg Revenue beat(8)-1.55%
Revenue beat(12)6
Avg Revenue beat(12)3.79%
Revenue beat(16)10
Avg Revenue beat(16)14.05%
PT rev (1m)1.89%
PT rev (3m)3.85%
EPS NQ rev (1m)-0.84%
EPS NQ rev (3m)-3.09%
EPS NY rev (1m)0%
EPS NY rev (3m)2.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.76 | ||
| Fwd PE | 2.31 | ||
| P/S | 0.69 | ||
| P/FCF | 2.59 | ||
| P/OCF | 2.63 | ||
| P/B | 0.43 | ||
| P/tB | 0.59 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.19
EY36.17%
EPS(NY)9.81
Fwd EY43.34%
FCF(TTM)8.74
FCFY38.59%
OCF(TTM)8.59
OCFY37.96%
SpS32.61
BVpS52.58
TBVpS38.39
PEG (NY)0.06
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 15.46% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.91% | ||
| GM | N/A | ||
| FCFM | 26.79% |
ROA(3y)1.09%
ROA(5y)1.24%
ROE(3y)12.9%
ROE(5y)13.86%
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-5.45%
PM growth 5Y3.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.21 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 25.18% | ||
| Cap/Sales | 0.44% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 107.53% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC28.1%
ROIC/WACCN/A
Cap/Depr(3y)82.34%
Cap/Depr(5y)75.87%
Cap/Sales(3y)2.74%
Cap/Sales(5y)2.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.94%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%36.42%
EPS Next Y49.29%
EPS Next 2Y21.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)30%
Revenue growth 3Y5.26%
Revenue growth 5Y8.82%
Sales Q2Q%24.17%
Revenue Next Year21.82%
Revenue Next 2Y15.03%
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 1Y39.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.72%
OCF growth 3YN/A
OCF growth 5YN/A