PARK NATIONAL CORP (PRK) Stock Fundamental Analysis
NYSEARCA:PRK - US7006581075 - Common Stock
172.03 USD
-1.46 (-0.84%)
172.03 USD
0 (0%)
PRK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 393 industry peers in the Banks industry. There are concerns on the financial health of PRK while its profitability can be described as average. PRK is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PRK had positive earnings in the past year.
PRK had a positive operating cash flow in the past year.
PRK had positive earnings in each of the past 5 years.
Each year in the past 5 years PRK had a positive operating cash flow.
1.2 Ratios
PRK's Return On Assets of 1.68% is amongst the best of the industry. PRK outperforms 92.88% of its industry peers.
PRK has a better Return On Equity (12.91%) than 87.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.68% | ||
| ROE | 12.91% | ||
| ROIC | N/A |
ROA(3y)1.45%
ROA(5y)1.47%
ROE(3y)12.37%
ROE(5y)12.65%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 30.75%, PRK belongs to the top of the industry, outperforming 83.21% of the companies in the same industry.
In the last couple of years the Profit Margin of PRK has grown nicely.
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) | 30.75% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.57%
PM growth 5Y2.26%
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.
PRK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PRK has less shares outstanding
The debt/assets ratio for PRK has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of PRK is 1.64, which is an excellent value as it means it would take PRK, only 1.64 years of fcf income to pay off all of its debts.
PRK has a Debt to FCF ratio (1.64) which is comparable to the rest of the industry.
PRK has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
PRK has a Debt to Equity ratio of 0.22. This is in the lower half of the industry: PRK underperforms 61.32% of its industry peers.
Although PRK does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.64 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
PRK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.79%, which is quite impressive.
The Earnings Per Share has been growing slightly by 7.45% on average over the past years.
The Revenue has grown by 12.98% in the past year. This is quite good.
PRK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.68% yearly.
EPS 1Y (TTM)22.79%
EPS 3Y-0.25%
EPS 5Y7.45%
EPS Q2Q%22.73%
Revenue 1Y (TTM)12.98%
Revenue growth 3Y4.23%
Revenue growth 5Y5.68%
Sales Q2Q%11.49%
3.2 Future
The Earnings Per Share is expected to grow by 7.14% on average over the next years.
The Revenue is expected to grow by 5.44% on average over the next years.
EPS Next Y18.5%
EPS Next 2Y7.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.3%
Revenue Next 2Y5.44%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.72, which indicates a correct valuation of PRK.
Based on the Price/Earnings ratio, PRK is valued a bit more expensive than 73.54% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.03. PRK is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.10, PRK is valued correctly.
Based on the Price/Forward Earnings ratio, PRK is valued a bit more expensive than 75.83% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PRK to the average of the S&P500 Index (22.63), we can say PRK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.72 | ||
| Fwd PE | 16.1 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as PRK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.84 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PRK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.9
PEG (5Y)2.24
EPS Next 2Y7.14%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PRK has a Yearly Dividend Yield of 2.58%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.30, PRK has a dividend in line with its industry peers.
PRK's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
5.2 History
The dividend of PRK has a limited annual growth rate of 2.15%.
PRK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of PRK decreased recently.
Dividend Growth(5Y)2.15%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
46.55% of the earnings are spent on dividend by PRK. This is a bit on the high side, but may be sustainable.
The dividend of PRK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP46.55%
EPS Next 2Y7.14%
EPS Next 3YN/A
172.03
-1.46 (-0.84%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners55.33%
Inst Owner Change-1.17%
Ins Owners2.15%
Ins Owner Change1.61%
Market Cap2.76B
Analysts49.09
Price Target181.9 (5.74%)
Short Float %2.37%
Short Ratio5.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
Yearly Dividend4.8
Dividend Growth(5Y)2.15%
DP46.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.87%
Min EPS beat(2)19.57%
Max EPS beat(2)20.17%
EPS beat(4)4
Avg EPS beat(4)11.35%
Min EPS beat(4)1.6%
Max EPS beat(4)20.17%
EPS beat(8)7
Avg EPS beat(8)11.16%
EPS beat(12)9
Avg EPS beat(12)7.16%
EPS beat(16)12
Avg EPS beat(16)7.29%
Revenue beat(2)1
Avg Revenue beat(2)1.21%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)3.6%
Revenue beat(4)3
Avg Revenue beat(4)3.27%
Min Revenue beat(4)-1.17%
Max Revenue beat(4)6.65%
Revenue beat(8)6
Avg Revenue beat(8)1.21%
Revenue beat(12)7
Avg Revenue beat(12)1.08%
Revenue beat(16)10
Avg Revenue beat(16)1.2%
PT rev (1m)3.28%
PT rev (3m)5.52%
EPS NQ rev (1m)6.09%
EPS NQ rev (3m)17.91%
EPS NY rev (1m)21.58%
EPS NY rev (3m)21.58%
Revenue NQ rev (1m)1.38%
Revenue NQ rev (3m)2.61%
Revenue NY rev (1m)1.55%
Revenue NY rev (3m)1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.72 | ||
| Fwd PE | 16.1 | ||
| P/S | 5.09 | ||
| P/FCF | 15.84 | ||
| P/OCF | 15.26 | ||
| P/B | 2.14 | ||
| P/tB | 2.47 | ||
| EV/EBITDA | N/A |
EPS(TTM)10.29
EY5.98%
EPS(NY)10.69
Fwd EY6.21%
FCF(TTM)10.86
FCFY6.31%
OCF(TTM)11.27
OCFY6.55%
SpS33.82
BVpS80.55
TBVpS69.59
PEG (NY)0.9
PEG (5Y)2.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.68% | ||
| ROE | 12.91% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 30.75% | ||
| GM | N/A | ||
| FCFM | 32.12% |
ROA(3y)1.45%
ROA(5y)1.47%
ROE(3y)12.37%
ROE(5y)12.65%
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-4.57%
PM growth 5Y2.26%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 55.7% | ||
| Cap/Sales | 1.21% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 104.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC11%
ROIC/WACCN/A
Cap/Depr(3y)62.3%
Cap/Depr(5y)111.55%
Cap/Sales(3y)1.68%
Cap/Sales(5y)2.88%
Profit Quality(3y)104.03%
Profit Quality(5y)94%
High Growth Momentum
Growth
EPS 1Y (TTM)22.79%
EPS 3Y-0.25%
EPS 5Y7.45%
EPS Q2Q%22.73%
EPS Next Y18.5%
EPS Next 2Y7.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.98%
Revenue growth 3Y4.23%
Revenue growth 5Y5.68%
Sales Q2Q%11.49%
Revenue Next Year8.3%
Revenue Next 2Y5.44%
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 1Y36.6%
FCF growth 3Y5.82%
FCF growth 5Y11.9%
OCF growth 1Y33.15%
OCF growth 3Y4.37%
OCF growth 5Y9.89%