OLD NATIONAL BANCORP (ONB)
US6800331075 - Common Stock
ONB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 411 industry peers in the Banks industry. While ONB is still in line with the averages on profitability rating, there are concerns on its financial health. ONB has a correct valuation and a medium growth rate. Finally ONB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ONB was profitable.
ONB had a positive operating cash flow in the past year.
In the past 5 years ONB has always been profitable.
Each year in the past 5 years ONB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ONB (1.15%) is better than 74.21% of its industry peers.
ONB has a Return On Equity of 10.17%. This is comparable to the rest of the industry: ONB outperforms 59.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 10.17% | ||
| ROIC | N/A |
ROA(3y)1.06%
ROA(5y)1.07%
ROE(3y)9.15%
ROE(5y)8.69%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 30.81%, ONB is doing good in the industry, outperforming 79.81% of the companies in the same industry.
ONB's Profit Margin has improved in the last couple of years.
ONB 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) | 30.81% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.36%
PM growth 5Y3.42%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
ONB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ONB has about the same amount of shares outstanding.
Compared to 5 years ago, ONB has more shares outstanding
ONB has a better debt/assets ratio than last year.
2.2 Solvency
ONB has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as ONB would need 2.20 years to pay back of all of its debts.
ONB has a Debt to FCF ratio of 2.20. This is comparable to the rest of the industry: ONB outperforms 55.96% of its industry peers.
ONB has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
ONB has a Debt to Equity ratio of 0.14. This is in the better half of the industry: ONB outperforms 68.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.24%
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 6.22% over the past year.
The Earnings Per Share has been growing by 11.49% on average over the past years. This is quite good.
ONB shows a small growth in Revenue. In the last year, the Revenue has grown by 6.30%.
Measured over the past years, ONB shows a very strong growth in Revenue. The Revenue has been growing by 20.17% on average per year.
EPS 1Y (TTM)6.22%
EPS 3Y14.66%
EPS 5Y11.49%
EPS growth Q2Q-17.86%
Revenue 1Y (TTM)6.3%
Revenue growth 3Y30.04%
Revenue growth 5Y20.17%
Revenue growth Q2Q-16.48%
3.2 Future
The Earnings Per Share is expected to grow by 5.00% on average over the next years.
Based on estimates for the next years, ONB will show a small growth in Revenue. The Revenue will grow by 4.98% on average per year.
EPS Next Y-9.38%
EPS Next 2Y0.2%
EPS Next 3Y5%
EPS Next 5YN/A
Revenue Next Year2.21%
Revenue Next 2Y4.43%
Revenue Next 3Y4.98%
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.
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
ONB is valuated reasonably with a Price/Earnings ratio of 8.15.
Compared to the rest of the industry, the Price/Earnings ratio of ONB indicates a somewhat cheap valuation: ONB is cheaper than 71.78% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.95. ONB is valued rather cheaply when compared to this.
ONB is valuated reasonably with a Price/Forward Earnings ratio of 9.00.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ONB indicates a somewhat cheap valuation: ONB is cheaper than 72.51% of the companies listed in the same industry.
ONB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.15 | ||
| Fwd PE | 9 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONB indicates a slightly more expensive valuation: ONB is more expensive than 60.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.07 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.71
EPS Next 2Y0.2%
EPS Next 3Y5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.55%, ONB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.93, ONB has a dividend in line with its industry peers.
ONB's Dividend Yield is a higher than the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
5.2 History
The dividend of ONB has a limited annual growth rate of 4.11%.
ONB has been paying a dividend for at least 10 years, so it has a reliable track record.
ONB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.11%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
31.82% of the earnings are spent on dividend by ONB. This is a low number and sustainable payout ratio.
ONB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP31.82%
EPS Next 2Y0.2%
EPS Next 3Y5%
OLD NATIONAL BANCORP
NASDAQ:ONB (4/23/2024, 9:46:07 AM)
16.71
+0.25 (+1.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.29B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
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 | 8.15 | ||
| Fwd PE | 9 | ||
| 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)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 10.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 30.81% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| 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)6.22%
EPS 3Y14.66%
EPS 5Y
EPS growth Q2Q
EPS Next Y-9.38%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.3%
Revenue growth 3Y30.04%
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