OCEANFIRST FINANCIAL CORP (OCFC) Stock Fundamental Analysis
USA - NASDAQ:OCFC - US6752341080 - Common Stock
18.18 USD
-0.31 (-1.68%)
18.18 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. While showing a medium growth rate, OCFC is valued expensive at the moment. 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
With a Return On Assets value of 0.61%, OCFC is not doing good in the industry: 69.74% of the companies in the same industry are doing better.
With a Return On Equity value of 4.97%, OCFC is not doing good in the industry: 76.41% of the companies in the same industry are doing better.
| 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 Profit Margin of 20.97%. This is in the lower half of the industry: OCFC underperforms 61.79% of its industry peers.
In the last couple of years the Profit Margin of OCFC has declined.
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
OCFC has a debt to FCF ratio of 6.00. This is a neutral value as OCFC would need 6.00 years to pay back of all of its debts.
OCFC has a Debt to FCF ratio of 6.00. This is in the lower half of the industry: OCFC underperforms 71.03% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that OCFC is not too dependend on debt financing.
OCFC has a Debt to Equity ratio (0.16) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 6 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.68%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
OCFC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.17%.
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.
OCFC shows a small growth in Revenue. In the last year, the Revenue has grown by 1.92%.
OCFC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.20% yearly.
EPS 1Y (TTM)-16.17%
EPS 3Y-4.9%
EPS 5Y-5.02%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)1.92%
Revenue growth 3Y2.46%
Revenue growth 5Y5.2%
Sales Q2Q%10.26%
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
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.99, which indicates a correct valuation of OCFC.
Based on the Price/Earnings ratio, OCFC is valued a bit more expensive than 60.26% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.10, OCFC is valued rather cheaply.
The Price/Forward Earnings ratio is 9.70, which indicates a very decent valuation of OCFC.
OCFC's Price/Forward Earnings ratio is in line with the industry average.
OCFC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.99 | ||
| Fwd PE | 9.7 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, OCFC is valued a bit more expensive than the industry average as 75.13% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.12 | ||
| 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 4.23%, OCFC is a good candidate for dividend investing.
OCFC's Dividend Yield is rather good when compared to the industry average which is at 3.45. OCFC pays more dividend than 80.26% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, OCFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
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.
OCFC has decreased its dividend 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.
The dividend of OCFC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62%
EPS Next 2Y8.23%
EPS Next 3Y11.79%
18.18
-0.31 (-1.68%)
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 Cap1.04B
Revenue(TTM)395.80M
Net Income(TTM)81.72M
Analysts80
Price Target21.25 (16.89%)
Short Float %2.59%
Short Ratio4.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
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 | 12.99 | ||
| Fwd PE | 9.7 | ||
| P/S | 2.68 | ||
| P/FCF | 24.12 | ||
| P/OCF | 21.2 | ||
| P/B | 0.64 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.4
EY7.7%
EPS(NY)1.87
Fwd EY10.31%
FCF(TTM)0.75
FCFY4.15%
OCF(TTM)0.86
OCFY4.72%
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
WACC15.68%
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)1.92%
Revenue growth 3Y2.46%
Revenue growth 5Y5.2%
Sales Q2Q%10.26%
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 12.99 and the Price/Book (PB) ratio is 0.64.
How financially healthy is OCEANFIRST FINANCIAL CORP?
The financial health rating of OCEANFIRST FINANCIAL CORP (OCFC) is 2 / 10.