PCB BANCORP (PCB) Stock Fundamental Analysis
NASDAQ:PCB - Nasdaq - US69320M1099 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to PCB. PCB was compared to 395 industry peers in the Banks industry. While PCB seems to be doing ok healthwise, there are quite some concerns on its profitability. PCB scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally PCB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PCB had positive earnings in the past year.
PCB had a positive operating cash flow in the past year.
Each year in the past 5 years PCB has been profitable.
Of the past 5 years PCB 4 years had a positive operating cash flow.
1.2 Ratios
PCB has a Return On Assets (0.81%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 6.85%, PCB is doing worse than 63.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 6.85% | ||
| ROIC | N/A |
ROA(3y)1.12%
ROA(5y)1.21%
ROE(3y)8.67%
ROE(5y)9.69%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PCB has a Profit Margin (25.00%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PCB has declined.
The Operating Margin and Gross Margin are not available for PCB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-15.73%
PM growth 5Y-3.44%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PCB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PCB has more shares outstanding
The number of shares outstanding for PCB has been reduced compared to 5 years ago.
Compared to 1 year ago, PCB has a worse debt to assets ratio.
2.2 Solvency
PCB has a debt to FCF ratio of 0.43. This is a very positive value and a sign of high solvency as it would only need 0.43 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.43, PCB belongs to the top of the industry, outperforming 83.04% of the companies in the same industry.
PCB has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.04, PCB belongs to the best of the industry, outperforming 82.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.43 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC28.23%
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 grown by an nice 10.86% over the past year.
Measured over the past 5 years, PCB shows a small growth in Earnings Per Share. The EPS has been growing by 3.29% on average per year.
The Revenue has been growing slightly by 5.04% in the past year.
Measured over the past years, PCB shows a small growth in Revenue. The Revenue has been growing by 4.27% on average per year.
EPS 1Y (TTM)10.86%
EPS 3Y-12.75%
EPS 5Y3.29%
EPS Q2Q%60.61%
Revenue 1Y (TTM)5.04%
Revenue growth 3Y1.45%
Revenue growth 5Y4.27%
Sales Q2Q%12.19%
3.2 Future
The Earnings Per Share is expected to grow by 20.89% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.99% on average over the next years. This is quite good.
EPS Next Y31.05%
EPS Next 2Y20.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.82%
Revenue Next 2Y11.99%
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.
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
Based on the Price/Earnings ratio of 9.97, the valuation of PCB can be described as reasonable.
Based on the Price/Earnings ratio, PCB is valued a bit cheaper than 76.96% of the companies in the same industry.
When comparing the Price/Earnings ratio of PCB to the average of the S&P500 Index (26.25), we can say PCB is valued rather cheaply.
PCB is valuated cheaply with a Price/Forward Earnings ratio of 7.61.
83.04% of the companies in the same industry are more expensive than PCB, based on the Price/Forward Earnings ratio.
PCB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.97 | ||
| Fwd PE | 7.61 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, PCB is valued a bit cheaper than the industry average as 78.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.97 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PCB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PCB's earnings are expected to grow with 20.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)3.03
EPS Next 2Y20.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PCB has a Yearly Dividend Yield of 4.12%, which is a nice return.
Compared to an average industry Dividend Yield of 3.45, PCB pays a bit more dividend than its industry peers.
PCB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
5.2 History
On average, the dividend of PCB grows each year by 25.29%, which is quite nice.
PCB has paid a dividend for at least 10 years, which is a reliable track record.
As PCB did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)25.29%
Div Incr Years6
Div Non Decr Years9
5.3 Sustainability
44.30% of the earnings are spent on dividend by PCB. This is a bit on the high side, but may be sustainable.
The dividend of PCB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.3%
EPS Next 2Y20.89%
EPS Next 3YN/A
19.34
-0.09 (-0.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners39.77%
Inst Owner Change-2.42%
Ins Owners19.54%
Ins Owner Change5.37%
Market Cap278.30M
Analysts48
Price Target22.44 (16.03%)
Short Float %0.37%
Short Ratio1.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
Yearly Dividend0.77
Dividend Growth(5Y)25.29%
DP44.3%
Div Incr Years6
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.08%
Min EPS beat(2)-1.28%
Max EPS beat(2)15.44%
EPS beat(4)2
Avg EPS beat(4)-2.65%
Min EPS beat(4)-26.63%
Max EPS beat(4)15.44%
EPS beat(8)4
Avg EPS beat(8)2.34%
EPS beat(12)5
Avg EPS beat(12)-1.58%
EPS beat(16)9
Avg EPS beat(16)5.14%
Revenue beat(2)1
Avg Revenue beat(2)-0.85%
Min Revenue beat(2)-1.74%
Max Revenue beat(2)0.05%
Revenue beat(4)1
Avg Revenue beat(4)-2.98%
Min Revenue beat(4)-6.3%
Max Revenue beat(4)0.05%
Revenue beat(8)2
Avg Revenue beat(8)-2.61%
Revenue beat(12)3
Avg Revenue beat(12)-2.98%
Revenue beat(16)6
Avg Revenue beat(16)-1.51%
PT rev (1m)4.76%
PT rev (3m)-2.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)10.87%
EPS NY rev (3m)10.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)3.34%
Revenue NY rev (3m)3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.97 | ||
| Fwd PE | 7.61 | ||
| P/S | 2.79 | ||
| P/FCF | 7.97 | ||
| P/OCF | 7.14 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.94
EY10.03%
EPS(NY)2.54
Fwd EY13.15%
FCF(TTM)2.43
FCFY12.54%
OCF(TTM)2.71
OCFY14.01%
SpS6.93
BVpS25.28
TBVpS25.28
PEG (NY)0.32
PEG (5Y)3.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 6.85% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25% | ||
| GM | N/A | ||
| FCFM | 35.01% |
ROA(3y)1.12%
ROA(5y)1.21%
ROE(3y)8.67%
ROE(5y)9.69%
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-15.73%
PM growth 5Y-3.44%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.43 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 180.95% | ||
| Cap/Sales | 4.09% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 140.04% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC28.23%
ROIC/WACCN/A
Cap/Depr(3y)193.93%
Cap/Depr(5y)146.48%
Cap/Sales(3y)3.55%
Cap/Sales(5y)2.68%
Profit Quality(3y)163.86%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.86%
EPS 3Y-12.75%
EPS 5Y3.29%
EPS Q2Q%60.61%
EPS Next Y31.05%
EPS Next 2Y20.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.04%
Revenue growth 3Y1.45%
Revenue growth 5Y4.27%
Sales Q2Q%12.19%
Revenue Next Year14.82%
Revenue Next 2Y11.99%
Revenue Next 3YN/A
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-43.72%
FCF growth 3YN/A
FCF growth 5Y3.49%
OCF growth 1Y-38.45%
OCF growth 3YN/A
OCF growth 5Y5.3%