NORTHRIM BANCORP INC (NRIM) Stock Fundamental Analysis
USA - NASDAQ:NRIM - US6667621097 - Common Stock
20.12 USD
+0.37 (+1.87%)
20.12 USD
0 (0%)
Overall NRIM gets a fundamental rating of 5 out of 10. We evaluated NRIM against 391 industry peers in the Banks industry. NRIM has only an average score on both its financial health and profitability. NRIM may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year NRIM was profitable.
In the past year NRIM had a positive cash flow from operations.
Each year in the past 5 years NRIM has been profitable.
In multiple years NRIM reported negative operating cash flow during the last 5 years.
1.2 Ratios
With an excellent Return On Assets value of 1.38%, NRIM belongs to the best of the industry, outperforming 86.44% of the companies in the same industry.
The Return On Equity of NRIM (15.46%) is better than 94.12% 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
NRIM has a Profit Margin (24.91%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of NRIM has grown nicely.
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.
Compared to 1 year ago, NRIM has about the same amount of shares outstanding.
The number of shares outstanding for NRIM has been reduced compared to 5 years ago.
NRIM has a better debt/assets ratio than last year.
2.2 Solvency
NRIM has a debt to FCF ratio of 0.21. This is a very positive value and a sign of high solvency as it would only need 0.21 years to pay back of all of its debts.
NRIM's Debt to FCF ratio of 0.21 is amongst the best of the industry. NRIM outperforms 85.17% of its industry peers.
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 82.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.21 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.94%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
NRIM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.02%.
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)-19.02%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%-65.9%
Revenue 1Y (TTM)30%
Revenue growth 3Y5.26%
Revenue growth 5Y8.82%
Sales Q2Q%24.17%
3.2 Future
Based on estimates for the next years, NRIM will show a very negative growth in Earnings Per Share. The EPS will decrease by -25.74% on average per year.
Based on estimates for the next years, NRIM will show a very strong growth in Revenue. The Revenue will grow by 27.45% on average per year.
EPS Next Y44.04%
EPS Next 2Y21.93%
EPS Next 3Y-25.74%
EPS Next 5YN/A
Revenue Next Year21.82%
Revenue Next 2Y26.43%
Revenue Next 3Y27.45%
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 decreasing.
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 4.31, the valuation of NRIM can be described as very cheap.
Based on the Price/Earnings ratio, NRIM is valued cheaply inside the industry as 97.19% of the companies are valued more expensively.
NRIM is valuated cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 2.05, the valuation of NRIM can be described as very cheap.
Based on the Price/Forward Earnings ratio, NRIM is valued cheaper than 99.49% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, NRIM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.31 | ||
| Fwd PE | 2.05 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NRIM indicates a somewhat cheap valuation: NRIM is cheaper than 70.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.22 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
NRIM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NRIM's earnings are expected to decrease with -25.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.1
PEG (5Y)0.26
EPS Next 2Y21.93%
EPS Next 3Y-25.74%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.24%, NRIM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.63, NRIM has a dividend in line with its industry peers.
NRIM's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
The dividend of NRIM decreases each year by -13.12%.
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)-13.12%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
31.46% of the earnings are spent on dividend by NRIM. This is a low number and sustainable payout ratio.
NRIM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP31.46%
EPS Next 2Y21.93%
EPS Next 3Y-25.74%
20.12
+0.37 (+1.87%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.35%
Inst Owner Change0.65%
Ins Owners1.77%
Ins Owner Change0%
Market Cap444.45M
Analysts85
Price Target27.54 (36.88%)
Short Float %N/A
Short Ratio1.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Yearly Dividend0.62
Dividend Growth(5Y)-13.12%
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)-75%
PT rev (3m)-74.04%
EPS NQ rev (1m)-75%
EPS NQ rev (3m)-75.77%
EPS NY rev (1m)-3.52%
EPS NY rev (3m)-1.53%
Revenue NQ rev (1m)21.6%
Revenue NQ rev (3m)23.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.31 | ||
| Fwd PE | 2.05 | ||
| P/S | 2.47 | ||
| P/FCF | 9.22 | ||
| P/OCF | 9.37 | ||
| P/B | 1.53 | ||
| P/tB | 2.1 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.67
EY23.21%
EPS(NY)9.81
Fwd EY48.77%
FCF(TTM)2.18
FCFY10.85%
OCF(TTM)2.15
OCFY10.67%
SpS8.15
BVpS13.14
TBVpS9.59
PEG (NY)0.1
PEG (5Y)0.26
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
WACC14.94%
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)-19.02%
EPS 3Y3.23%
EPS 5Y16.77%
EPS Q2Q%-65.9%
EPS Next Y44.04%
EPS Next 2Y21.93%
EPS Next 3Y-25.74%
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 2Y26.43%
Revenue Next 3Y27.45%
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