BANK OF N.T. BUTTERFIELD&SON (NTB)
BMG0772R2087 - Common Stock
We assign a fundamental rating of 4 out of 10 to NTB. NTB was compared to 412 industry peers in the Banks industry. NTB has an average financial health and profitability rating. NTB is valued correctly, but it does not seem to be growing. Finally NTB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NTB had positive earnings in the past year.
NTB had a positive operating cash flow in the past year.
Each year in the past 5 years NTB has been profitable.
In the past 5 years NTB always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NTB (1.69%) is better than 92.96% of its industry peers.
With an excellent Return On Equity value of 22.46%, NTB belongs to the best of the industry, outperforming 98.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.69% | ||
| ROE | 22.46% | ||
| ROIC | N/A |
ROA(3y)1.41%
ROA(5y)1.3%
ROE(3y)21.29%
ROE(5y)19.44%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 38.66%, NTB belongs to the top of the industry, outperforming 93.20% of the companies in the same industry.
In the last couple of years the Profit Margin of NTB has remained more or less at the same level.
NTB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 38.66% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.72%
PM growth 5Y0.26%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
NTB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for NTB has been reduced compared to 5 years ago.
Compared to 1 year ago, NTB has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of NTB is 0.40, which is an excellent value as it means it would take NTB, only 0.40 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.40, NTB belongs to the top of the industry, outperforming 84.71% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that NTB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.10, NTB is in the better half of the industry, outperforming 76.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.81%
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 been growing slightly by 6.29% over the past year.
NTB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.25% yearly.
Looking at the last year, NTB shows a small growth in Revenue. The Revenue has grown by 5.68% in the last year.
The Revenue has been growing slightly by 2.67% on average over the past years.
EPS 1Y (TTM)6.29%
EPS 3Y16.42%
EPS 5Y5.25%
EPS growth Q2Q-11.9%
Revenue 1Y (TTM)5.68%
Revenue growth 3Y5.07%
Revenue growth 5Y2.67%
Revenue growth Q2Q-2.32%
3.2 Future
NTB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.47% yearly.
Based on estimates for the next years, NTB will show a decrease in Revenue. The Revenue will decrease by -0.73% on average per year.
EPS Next Y-5.73%
EPS Next 2Y1.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.11%
Revenue Next 2Y-0.73%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.54 indicates a rather cheap valuation of NTB.
Based on the Price/Earnings ratio, NTB is valued a bit cheaper than 79.37% of the companies in the same industry.
NTB is valuated cheaply when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.00, the valuation of NTB can be described as very cheap.
NTB's Price/Forward Earnings ratio is rather cheap when compared to the industry. NTB is cheaper than 80.58% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.92. NTB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.54 | ||
| Fwd PE | 8 |
4.2 Price Multiples
NTB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NTB is cheaper than 72.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.64 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.44
EPS Next 2Y1.47%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.17%, NTB is a good candidate for dividend investing.
NTB's Dividend Yield is rather good when compared to the industry average which is at 3.86. NTB pays more dividend than 81.31% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, NTB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.17% |
5.2 History
The dividend of NTB has a limited annual growth rate of 3.04%.
NTB has been paying a dividend for over 5 years, so it has already some track record.
NTB has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)3.04%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
38.23% of the earnings are spent on dividend by NTB. This is a low number and sustainable payout ratio.
The dividend of NTB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP38.23%
EPS Next 2Y1.47%
EPS Next 3YN/A
BANK OF N.T. BUTTERFIELD&SON
NYSE:NTB (5/1/2024, 6:14:54 PM)
After market: 34.39 0 (0%)34.39
+0.39 (+1.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.63B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.17% |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 7.54 | ||
| Fwd PE | 8 | ||
| 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)N/A
PEG (5Y)1.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.69% | ||
| ROE | 22.46% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 38.66% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| 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)6.29%
EPS 3Y16.42%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.68%
Revenue growth 3Y5.07%
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