PINNACLE FINANCIAL PARTNERS (PNFP)
US72346Q1040 - Common Stock
Taking everything into account, PNFP scores 4 out of 10 in our fundamental rating. PNFP was compared to 411 industry peers in the Banks industry. Both the profitability and the financial health of PNFP get a neutral evaluation. Nothing too spectacular is happening here. PNFP is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PNFP had positive earnings in the past year.
PNFP had a positive operating cash flow in the past year.
In the past 5 years PNFP has always been profitable.
In the past 5 years PNFP always reported a positive cash flow from operatings.
1.2 Ratios
PNFP has a better Return On Assets (1.14%) than 73.24% of its industry peers.
With a Return On Equity value of 9.06%, PNFP perfoms like the industry average, outperforming 48.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 9.06% | ||
| ROIC | N/A |
ROA(3y)1.26%
ROA(5y)1.22%
ROE(3y)9.53%
ROE(5y)8.8%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PNFP has a better Profit Margin (32.27%) than 84.18% of its industry peers.
In the last couple of years the Profit Margin of PNFP has declined.
PNFP 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) | 32.27% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.46%
PM growth 5Y-3.4%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PNFP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PNFP has less shares outstanding
Compared to 5 years ago, PNFP has less shares outstanding
The debt/assets ratio for PNFP has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of PNFP is 1.59, which is an excellent value as it means it would take PNFP, only 1.59 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.59, PNFP is doing good in the industry, outperforming 65.21% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that PNFP is not too dependend on debt financing.
PNFP has a Debt to Equity ratio of 0.11. This is in the better half of the industry: PNFP outperforms 74.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.06%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
PNFP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.62%.
PNFP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.86% yearly.
PNFP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.69%.
The Revenue has been growing by 12.59% on average over the past years. This is quite good.
EPS 1Y (TTM)-3.62%
EPS 3Y12.19%
EPS 5Y7.86%
EPS growth Q2Q-4.55%
Revenue 1Y (TTM)9.69%
Revenue growth 3Y14.16%
Revenue growth 5Y12.59%
Revenue growth Q2Q-1.36%
3.2 Future
Based on estimates for the next years, PNFP will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.62% on average per year.
Based on estimates for the next years, PNFP will show a quite strong growth in Revenue. The Revenue will grow by 10.76% on average per year.
EPS Next Y0.16%
EPS Next 2Y8.84%
EPS Next 3Y13.62%
EPS Next 5YN/A
Revenue Next Year7.42%
Revenue Next 2Y10.6%
Revenue Next 3Y10.76%
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
With a Price/Earnings ratio of 11.77, the valuation of PNFP can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of PNFP indicates a slightly more expensive valuation: PNFP is more expensive than 66.42% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.95, PNFP is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.75, the valuation of PNFP can be described as very reasonable.
PNFP's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of PNFP to the average of the S&P500 Index (21.40), we can say PNFP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.77 | ||
| Fwd PE | 11.75 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PNFP indicates a slightly more expensive valuation: PNFP is more expensive than 74.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.68 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as PNFP's earnings are expected to grow with 13.62% in the coming years.
PEG (NY)71.61
PEG (5Y)1.5
EPS Next 2Y8.84%
EPS Next 3Y13.62%
5. Dividend
5.1 Amount
PNFP has a Yearly Dividend Yield of 1.11%.
Compared to an average industry Dividend Yield of 3.93, PNFP's dividend is way lower than its industry peers. On top of this 84.18% of the companies listed in the same industry pay a better dividend than PNFP!
Compared to an average S&P500 Dividend Yield of 2.45, PNFP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
5.2 History
The dividend of PNFP is nicely growing with an annual growth rate of 13.35%!
PNFP has paid a dividend for at least 10 years, which is a reliable track record.
PNFP has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.35%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
PNFP pays out 15.34% of its income as dividend. This is a sustainable payout ratio.
PNFP's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP15.34%
EPS Next 2Y8.84%
EPS Next 3Y13.62%
PINNACLE FINANCIAL PARTNERS
NASDAQ:PNFP (4/22/2024, 7:22:10 PM)
After market: 81.42 0 (0%)81.42
+1.92 (+2.42%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.28B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.77 | ||
| Fwd PE | 11.75 | ||
| 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)71.61
PEG (5Y)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 9.06% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 32.27% | ||
| 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 | 0.11 | ||
| 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)-3.62%
EPS 3Y12.19%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.16%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.69%
Revenue growth 3Y14.16%
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