OCEANFIRST FINANCIAL CORP (OCFC) Stock Fundamental Analysis
USA - NASDAQ:OCFC - US6752341080 - Common Stock
18.69 USD
+0.5 (+2.75%)
18.69 USD
0 (0%)
Taking everything into account, OCFC scores 3 out of 10 in our fundamental rating. OCFC was compared to 390 industry peers in the Banks industry. Both the profitability and financial health of OCFC have multiple concerns. OCFC is valied quite expensively at the moment, while it does show a decent growth rate. Finally OCFC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year OCFC was profitable.
In the past year OCFC had a positive cash flow from operations.
Each year in the past 5 years OCFC has been profitable.
OCFC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
OCFC's Return On Assets of 0.61% is on the low side compared to the rest of the industry. OCFC is outperformed by 69.82% of its industry peers.
Looking at the Return On Equity, with a value of 4.97%, OCFC is doing worse than 76.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 4.97% | ||
| ROIC | N/A |
ROA(3y)0.85%
ROA(5y)0.8%
ROE(3y)6.89%
ROE(5y)6.36%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
OCFC has a worse Profit Margin (20.97%) than 61.89% of its industry peers.
OCFC's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for OCFC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 20.97% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.59%
PM growth 5Y-3.4%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
OCFC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for OCFC has been reduced compared to 1 year ago.
OCFC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, OCFC has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of OCFC is 6.00, which is a neutral value as it means it would take OCFC, 6.00 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.00, OCFC is not doing good in the industry: 71.36% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.16 indicates that OCFC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.16, OCFC is in line with its industry, outperforming 55.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 6 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.58%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for OCFC have decreased strongly by -16.17% in the last year.
Measured over the past years, OCFC shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.02% on average per year.
Looking at the last year, OCFC shows a decrease in Revenue. The Revenue has decreased by -4.74% in the last year.
The Revenue has been growing slightly by 5.20% on average over the past years.
EPS 1Y (TTM)-16.17%
EPS 3Y-4.9%
EPS 5Y-5.02%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)-4.74%
Revenue growth 3Y2.46%
Revenue growth 5Y5.2%
Sales Q2Q%25.23%
3.2 Future
Based on estimates for the next years, OCFC will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.79% on average per year.
The Revenue is expected to grow by 8.88% on average over the next years. This is quite good.
EPS Next Y-11.62%
EPS Next 2Y8.23%
EPS Next 3Y11.79%
EPS Next 5YN/A
Revenue Next Year5.5%
Revenue Next 2Y8.23%
Revenue Next 3Y8.88%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
OCFC is valuated correctly with a Price/Earnings ratio of 13.35.
OCFC's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of OCFC to the average of the S&P500 Index (26.89), we can say OCFC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.97, the valuation of OCFC can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OCFC is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, OCFC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.35 | ||
| Fwd PE | 9.97 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of OCFC indicates a slightly more expensive valuation: OCFC is more expensive than 74.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.8 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.23%
EPS Next 3Y11.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.40%, OCFC is a good candidate for dividend investing.
OCFC's Dividend Yield is rather good when compared to the industry average which is at 3.53. OCFC pays more dividend than 81.59% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, OCFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
5.2 History
The dividend of OCFC has a limited annual growth rate of 4.32%.
OCFC has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of OCFC decreased in the last 3 years.
Dividend Growth(5Y)4.32%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
62.00% of the earnings are spent on dividend by OCFC. This is not a sustainable payout ratio.
OCFC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62%
EPS Next 2Y8.23%
EPS Next 3Y11.79%
18.69
+0.5 (+2.75%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners78.59%
Inst Owner Change-0.03%
Ins Owners3.27%
Ins Owner Change-0.46%
Market Cap1.07B
Revenue(TTM)384.22M
Net Income(TTM)81.72M
Analysts80
Price Target20.74 (10.97%)
Short Float %1.77%
Short Ratio2.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
Yearly Dividend0.86
Dividend Growth(5Y)4.32%
DP62%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.13%
Min EPS beat(2)-8.78%
Max EPS beat(2)-1.48%
EPS beat(4)2
Avg EPS beat(4)-1.87%
Min EPS beat(4)-8.78%
Max EPS beat(4)2.63%
EPS beat(8)4
Avg EPS beat(8)-2.5%
EPS beat(12)5
Avg EPS beat(12)-3.19%
EPS beat(16)9
Avg EPS beat(16)-0.82%
Revenue beat(2)1
Avg Revenue beat(2)-2.4%
Min Revenue beat(2)-6.02%
Max Revenue beat(2)1.21%
Revenue beat(4)1
Avg Revenue beat(4)-2.99%
Min Revenue beat(4)-6.02%
Max Revenue beat(4)1.21%
Revenue beat(8)1
Avg Revenue beat(8)-3.48%
Revenue beat(12)3
Avg Revenue beat(12)0.24%
Revenue beat(16)7
Avg Revenue beat(16)2.56%
PT rev (1m)0.21%
PT rev (3m)0.21%
EPS NQ rev (1m)2.76%
EPS NQ rev (3m)-6.4%
EPS NY rev (1m)1.16%
EPS NY rev (3m)-4.65%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-0.78%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)-0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.35 | ||
| Fwd PE | 9.97 | ||
| P/S | 2.75 | ||
| P/FCF | 24.8 | ||
| P/OCF | 21.8 | ||
| P/B | 0.65 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.4
EY7.49%
EPS(NY)1.87
Fwd EY10.03%
FCF(TTM)0.75
FCFY4.03%
OCF(TTM)0.86
OCFY4.59%
SpS6.79
BVpS28.63
TBVpS19.32
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.61% | ||
| ROE | 4.97% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 20.97% | ||
| GM | N/A | ||
| FCFM | 11.1% |
ROA(3y)0.85%
ROA(5y)0.8%
ROE(3y)6.89%
ROE(5y)6.36%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.59%
PM growth 5Y-3.4%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 6 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 42.03% | ||
| Cap/Sales | 1.53% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 52.93% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC15.58%
ROIC/WACCN/A
Cap/Depr(3y)75.23%
Cap/Depr(5y)121.38%
Cap/Sales(3y)2.89%
Cap/Sales(5y)4.84%
Profit Quality(3y)121.9%
Profit Quality(5y)133.95%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.17%
EPS 3Y-4.9%
EPS 5Y-5.02%
EPS Q2Q%-7.69%
EPS Next Y-11.62%
EPS Next 2Y8.23%
EPS Next 3Y11.79%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.74%
Revenue growth 3Y2.46%
Revenue growth 5Y5.2%
Sales Q2Q%25.23%
Revenue Next Year5.5%
Revenue Next 2Y8.23%
Revenue Next 3Y8.88%
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 1Y-79.06%
FCF growth 3Y-10.47%
FCF growth 5Y-2.3%
OCF growth 1Y-77.68%
OCF growth 3Y-16.77%
OCF growth 5Y-1.64%
OCEANFIRST FINANCIAL CORP / OCFC FAQ
Can you provide the ChartMill fundamental rating for OCEANFIRST FINANCIAL CORP?
ChartMill assigns a fundamental rating of 3 / 10 to OCFC.
What is the valuation status for OCFC stock?
ChartMill assigns a valuation rating of 3 / 10 to OCEANFIRST FINANCIAL CORP (OCFC). This can be considered as Overvalued.
What is the profitability of OCFC stock?
OCEANFIRST FINANCIAL CORP (OCFC) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for OCFC stock?
The Price/Earnings (PE) ratio for OCEANFIRST FINANCIAL CORP (OCFC) is 13.35 and the Price/Book (PB) ratio is 0.65.
How financially healthy is OCEANFIRST FINANCIAL CORP?
The financial health rating of OCEANFIRST FINANCIAL CORP (OCFC) is 2 / 10.