PARK NATIONAL CORP (PRK)
US7006581075 - Common Stock
Overall PRK gets a fundamental rating of 3 out of 10. We evaluated PRK against 412 industry peers in the Banks industry. While PRK is still in line with the averages on profitability rating, there are concerns on its financial health. PRK is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PRK was profitable.
PRK had a positive operating cash flow in the past year.
Each year in the past 5 years PRK has been profitable.
PRK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PRK has a Return On Assets of 1.29%. This is amongst the best in the industry. PRK outperforms 81.80% of its industry peers.
PRK's Return On Equity of 11.07% is fine compared to the rest of the industry. PRK outperforms 69.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 11.07% | ||
| ROIC | N/A |
ROA(3y)1.47%
ROA(5y)1.4%
ROE(3y)12.93%
ROE(5y)12.34%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PRK has a Profit Margin of 27.21%. This is in the better half of the industry: PRK outperforms 66.75% of its industry peers.
In the last couple of years the Profit Margin of PRK has declined.
PRK 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) | 27.21% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.2%
PM growth 5Y-1.93%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PRK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PRK has less shares outstanding
Compared to 5 years ago, PRK has more shares outstanding
PRK has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of PRK is 3.62, which is a good value as it means it would take PRK, 3.62 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.62, PRK is in line with its industry, outperforming 40.78% of the companies in the same industry.
PRK has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PRK (0.45) is worse than 68.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 3.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.83%
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 PRK have decreased strongly by -14.00% in the last year.
PRK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.96% yearly.
PRK shows a decrease in Revenue. In the last year, the revenue decreased by -3.58%.
PRK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.82% yearly.
EPS 1Y (TTM)-14%
EPS 3Y0.04%
EPS 5Y1.96%
EPS growth Q2Q-25.25%
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y0.91%
Revenue growth 5Y4.82%
Revenue growth Q2Q-8.6%
3.2 Future
PRK is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.17% yearly.
PRK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.70% yearly.
EPS Next Y-1.8%
EPS Next 2Y0.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.39%
Revenue Next 2Y1.7%
Revenue Next 3YN/A
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.54, PRK is valued on the expensive side.
Based on the Price/Earnings ratio, PRK is valued expensively inside the industry as 83.25% of the companies are valued cheaper.
PRK is valuated rather cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.86, which indicates a rather expensive current valuation of PRK.
Based on the Price/Forward Earnings ratio, PRK is valued a bit more expensive than the industry average as 75.73% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 20.88. PRK is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.54 | ||
| Fwd PE | 17.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PRK indicates a slightly more expensive valuation: PRK is more expensive than 73.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.43 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)8.97
EPS Next 2Y0.17%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PRK has a Yearly Dividend Yield of 3.11%.
PRK's Dividend Yield is comparable with the industry average which is at 3.81.
PRK's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
5.2 History
The dividend of PRK has a limited annual growth rate of 0.94%.
PRK has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.94%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
54.41% of the earnings are spent on dividend by PRK. This is a bit on the high side, but may be sustainable.
PRK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP54.41%
EPS Next 2Y0.17%
EPS Next 3YN/A
PARK NATIONAL CORP
NYSEARCA:PRK (5/3/2024, 7:13:21 PM)
After market: 136.79 0 (0%)136.79
+0.39 (+0.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.21B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
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 | 17.54 | ||
| Fwd PE | 17.86 | ||
| 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)8.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 11.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 27.21% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| 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)-14%
EPS 3Y0.04%
EPS 5Y
EPS growth Q2Q
EPS Next Y-1.8%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.58%
Revenue growth 3Y0.91%
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