OLD NATIONAL BANCORP (ONB) Stock Fundamental Analysis
USA - NASDAQ:ONB - US6800331075 - Common Stock
20.68 USD
+0.03 (+0.15%)
20.68 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to ONB. ONB was compared to 391 industry peers in the Banks industry. ONB may be in some trouble as it scores bad on both profitability and health. ONB is not valued too expensively and it also shows a decent 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 (0.78%) is comparable to the rest of the industry.
The Return On Equity of ONB (6.79%) is worse than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 6.79% | ||
| ROIC | N/A |
ROA(3y)1.01%
ROA(5y)1.03%
ROE(3y)8.83%
ROE(5y)8.67%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 26.21%, ONB is in the better half of the industry, outperforming 65.47% of the companies in the same industry.
ONB's Profit Margin has been stable 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) | 26.21% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.78%
PM growth 5Y-1.32%
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.
ONB has more shares outstanding than it did 1 year ago.
ONB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ONB has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of ONB is 2.95, which is a good value as it means it would take ONB, 2.95 years of fcf income to pay off all of its debts.
ONB's Debt to FCF ratio of 2.95 is on the low side compared to the rest of the industry. ONB is outperformed by 60.36% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that ONB is not too dependend on debt financing.
The Debt to Equity ratio of ONB (0.18) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.77%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ONB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.66%.
ONB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.00% yearly.
The Revenue has grown by 14.99% in the past year. This is quite good.
The Revenue has been growing by 18.60% on average over the past years. This is quite good.
EPS 1Y (TTM)2.66%
EPS 3Y2.44%
EPS 5Y6%
EPS Q2Q%15.22%
Revenue 1Y (TTM)14.99%
Revenue growth 3Y32.51%
Revenue growth 5Y18.6%
Sales Q2Q%36.08%
3.2 Future
Based on estimates for the next years, ONB will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.96% on average per year.
Based on estimates for the next years, ONB will show a quite strong growth in Revenue. The Revenue will grow by 17.49% on average per year.
EPS Next Y16.48%
EPS Next 2Y19.2%
EPS Next 3Y17.96%
EPS Next 5YN/A
Revenue Next Year33.19%
Revenue Next 2Y23.97%
Revenue Next 3Y17.49%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.72, the valuation of ONB can be described as reasonable.
Based on the Price/Earnings ratio, ONB is valued a bit cheaper than the industry average as 66.24% of the companies are valued more expensively.
ONB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.77.
With a Price/Forward Earnings ratio of 7.83, the valuation of ONB can be described as very cheap.
82.35% of the companies in the same industry are more expensive than ONB, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.23. ONB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.72 | ||
| Fwd PE | 7.83 |
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 62.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.85 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ONB's earnings are expected to grow with 17.96% in the coming years.
PEG (NY)0.65
PEG (5Y)1.79
EPS Next 2Y19.2%
EPS Next 3Y17.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.00%, ONB is a good candidate for dividend investing.
ONB's Dividend Yield is rather good when compared to the industry average which is at 3.60. ONB pays more dividend than 94.63% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, ONB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
5.2 History
The dividend of ONB has a limited annual growth rate of 3.80%.
ONB has paid a dividend for at least 10 years, which is 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)3.8%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
37.16% 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.
DP37.16%
EPS Next 2Y19.2%
EPS Next 3Y17.96%
20.68
+0.03 (+0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners94.32%
Inst Owner Change-0.05%
Ins Owners0.38%
Ins Owner Change-0.08%
Market Cap8.10B
Analysts77.33
Price Target26.78 (29.5%)
Short Float %4.7%
Short Ratio5.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
Yearly Dividend0.63
Dividend Growth(5Y)3.8%
DP37.16%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.92%
Min EPS beat(2)1.5%
Max EPS beat(2)4.34%
EPS beat(4)3
Avg EPS beat(4)2.48%
Min EPS beat(4)-1.26%
Max EPS beat(4)5.32%
EPS beat(8)6
Avg EPS beat(8)1.54%
EPS beat(12)9
Avg EPS beat(12)1.62%
EPS beat(16)13
Avg EPS beat(16)6.22%
Revenue beat(2)1
Avg Revenue beat(2)1.31%
Min Revenue beat(2)-0.29%
Max Revenue beat(2)2.9%
Revenue beat(4)1
Avg Revenue beat(4)0.57%
Min Revenue beat(4)-0.29%
Max Revenue beat(4)2.9%
Revenue beat(8)2
Avg Revenue beat(8)0.2%
Revenue beat(12)5
Avg Revenue beat(12)1.32%
Revenue beat(16)8
Avg Revenue beat(16)1.85%
PT rev (1m)-0.77%
PT rev (3m)2.94%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)0.16%
EPS NY rev (3m)-0.51%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-0.45%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.72 | ||
| Fwd PE | 7.83 | ||
| P/S | 3.85 | ||
| P/FCF | 15.85 | ||
| P/OCF | 15.06 | ||
| P/B | 1 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.93
EY9.33%
EPS(NY)2.64
Fwd EY12.78%
FCF(TTM)1.3
FCFY6.31%
OCF(TTM)1.37
OCFY6.64%
SpS5.37
BVpS20.74
TBVpS13.22
PEG (NY)0.65
PEG (5Y)1.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 6.79% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 26.21% | ||
| GM | N/A | ||
| FCFM | 24.29% |
ROA(3y)1.01%
ROA(5y)1.03%
ROE(3y)8.83%
ROE(5y)8.67%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.78%
PM growth 5Y-1.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.95 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 33.52% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 92.66% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC11.77%
ROIC/WACCN/A
Cap/Depr(3y)56.18%
Cap/Depr(5y)73.31%
Cap/Sales(3y)1.96%
Cap/Sales(5y)3.12%
Profit Quality(3y)128.38%
Profit Quality(5y)114.02%
High Growth Momentum
Growth
EPS 1Y (TTM)2.66%
EPS 3Y2.44%
EPS 5Y6%
EPS Q2Q%15.22%
EPS Next Y16.48%
EPS Next 2Y19.2%
EPS Next 3Y17.96%
EPS Next 5YN/A
Revenue 1Y (TTM)14.99%
Revenue growth 3Y32.51%
Revenue growth 5Y18.6%
Sales Q2Q%36.08%
Revenue Next Year33.19%
Revenue Next 2Y23.97%
Revenue Next 3Y17.49%
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-7.48%
FCF growth 3Y28.09%
FCF growth 5Y24.69%
OCF growth 1Y-8.83%
OCF growth 3Y23.5%
OCF growth 5Y21.63%