OCEANFIRST FINANCIAL CORP (OCFC)
US6752341080 - Common Stock
OCFC gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. OCFC may be in some trouble as it scores bad on both profitability and health. OCFC has a valuation in line with the averages, but on the other hand it scores bad on growth. OCFC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
OCFC had positive earnings in the past year.
OCFC had a positive operating cash flow in the past year.
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 0.74%, OCFC is not doing good in the industry: 61.65% of the companies in the same industry are doing better.
OCFC has a Return On Equity of 6.02%. This is in the lower half of the industry: OCFC underperforms 76.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.74% | ||
| ROE | 6.02% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)0.87%
ROE(3y)7.34%
ROE(5y)6.76%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
OCFC has a Profit Margin of 24.81%. This is comparable to the rest of the industry: OCFC outperforms 53.40% of its industry peers.
OCFC's Profit Margin has been stable 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) | 24.81% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y16.16%
PM growth 5Y-1.03%
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.
OCFC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, OCFC has more shares outstanding
OCFC has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of OCFC is 2.31, which is a good value as it means it would take OCFC, 2.31 years of fcf income to pay off all of its debts.
OCFC's Debt to FCF ratio of 2.31 is in line compared to the rest of the industry. OCFC outperforms 54.13% of its industry peers.
OCFC has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of OCFC (0.16) is better than 63.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.31 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.77%
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 -24.26% in the last year.
OCFC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.11% yearly.
OCFC shows a decrease in Revenue. In the last year, the revenue decreased by -7.63%.
The Revenue has been growing slightly by 7.94% on average over the past years.
EPS 1Y (TTM)-24.26%
EPS 3Y14.05%
EPS 5Y-2.11%
EPS growth Q2Q-32.84%
Revenue 1Y (TTM)-7.63%
Revenue growth 3Y1.4%
Revenue growth 5Y7.94%
Revenue growth Q2Q-25.66%
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 9.96% on average per year.
The Revenue is expected to grow by 2.99% on average over the next years.
EPS Next Y0.69%
EPS Next 2Y9.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.22%
Revenue Next 2Y2.99%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.20, which indicates a very decent valuation of OCFC.
Based on the Price/Earnings ratio, OCFC is valued a bit cheaper than 66.50% of the companies in the same industry.
OCFC is valuated cheaply when we compare the Price/Earnings ratio to 24.80, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.14, the valuation of OCFC can be described as reasonable.
77.18% of the companies in the same industry are more expensive than OCFC, based on the Price/Forward Earnings ratio.
OCFC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.2 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, OCFC is valued a bit cheaper than 62.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.38 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OCFC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)11.88
PEG (5Y)N/A
EPS Next 2Y9.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.41%, OCFC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.91, OCFC pays a better dividend. On top of this OCFC pays more dividend than 83.98% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, OCFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
5.2 History
The dividend of OCFC has a limited annual growth rate of 3.45%.
OCFC has been paying a dividend for at least 10 years, so it has a reliable track record.
OCFC has decreased its dividend recently.
Dividend Growth(5Y)3.45%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
OCFC pays out 51.23% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of OCFC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP51.23%
EPS Next 2Y9.96%
EPS Next 3YN/A
OCEANFIRST FINANCIAL CORP
NASDAQ:OCFC (4/18/2024, 7:11:55 PM)
After market: 14.59 0 (0%)14.59
+0.12 (+0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap860.08M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
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)
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Min EPS beat(4)
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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)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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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 | 8.2 | ||
| Fwd PE | 8.14 | ||
| 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)11.88
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.74% | ||
| ROE | 6.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 24.81% | ||
| 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 Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| 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)-24.26%
EPS 3Y14.05%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.63%
Revenue growth 3Y1.4%
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