PROVIDENT BANCORP INC (PVBC)

US74383L1052 - Common Stock

8.64  +0.53 (+6.54%)

After market: 8.64 0 (0%)

Fundamental Rating

3

Overall PVBC gets a fundamental rating of 3 out of 10. We evaluated PVBC against 411 industry peers in the Banks industry. While PVBC seems to be doing ok healthwise, there are quite some concerns on its profitability. PVBC is valued expensive and it does not seem to be growing.



2

1. Profitability

1.1 Basic Checks

PVBC had positive earnings in the past year.
PVBC had a positive operating cash flow in the past year.
Of the past 5 years PVBC 4 years were profitable.
PVBC had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

PVBC has a worse Return On Assets (0.66%) than 69.10% of its industry peers.
PVBC's Return On Equity of 4.94% is on the low side compared to the rest of the industry. PVBC is outperformed by 81.02% of its industry peers.
Industry RankSector Rank
ROA 0.66%
ROE 4.94%
ROIC N/A
ROA(3y)0.09%
ROA(5y)0.41%
ROE(3y)0.5%
ROE(5y)2.25%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With a Profit Margin value of 16.79%, PVBC is not doing good in the industry: 76.16% of the companies in the same industry are doing better.
PVBC's Profit Margin has declined in the last couple of years.
PVBC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 16.79%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.69%
PM growth 5Y-5.76%
GM growth 3YN/A
GM growth 5YN/A

4

2. Health

2.1 Basic Checks

PVBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
PVBC has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, PVBC has less shares outstanding
PVBC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

There is no outstanding debt for PVBC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACC15.49%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

3

3. Growth

3.1 Past

PVBC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 150.00%, which is quite impressive.
Measured over the past 5 years, PVBC shows a small growth in Earnings Per Share. The EPS has been growing by 5.71% on average per year.
PVBC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.65%.
Measured over the past years, PVBC shows a quite strong growth in Revenue. The Revenue has been growing by 9.57% on average per year.
EPS 1Y (TTM)150%
EPS 3Y0%
EPS 5Y5.71%
EPS growth Q2Q12.5%
Revenue 1Y (TTM)-19.65%
Revenue growth 3Y3.99%
Revenue growth 5Y9.57%
Revenue growth Q2Q-26.48%

3.2 Future

Based on estimates for the next years, PVBC will show a very negative growth in Earnings Per Share. The EPS will decrease by -18.16% on average per year.
The Revenue is expected to decrease by -0.54% on average over the next years.
EPS Next Y-61.94%
EPS Next 2Y-18.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.09%
Revenue Next 2Y-0.54%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.

1

4. Valuation

4.1 Price/Earnings Ratio

PVBC is valuated correctly with a Price/Earnings ratio of 12.90.
Based on the Price/Earnings ratio, PVBC is valued a bit more expensive than 73.24% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.25. PVBC is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 33.88, the valuation of PVBC can be described as expensive.
Based on the Price/Forward Earnings ratio, PVBC is valued a bit more expensive than 78.59% of the companies in the same industry.
PVBC is valuated expensively when we compare the Price/Forward Earnings ratio to 21.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.9
Fwd PE 33.88

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, PVBC is valued expensively inside the industry as 82.24% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF 29.27
EV/EBITDA N/A

4.3 Compensation for Growth

A cheap valuation may be justified as PVBC's earnings are expected to decrease with -18.16% in the coming years.
PEG (NY)N/A
PEG (5Y)2.26
EPS Next 2Y-18.16%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

PVBC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

PROVIDENT BANCORP INC

NASDAQ:PVBC (4/24/2024, 7:24:42 PM)

After market: 8.64 0 (0%)

8.64

+0.53 (+6.54%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap152.58M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
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 RankSector Rank
PE 12.9
Fwd PE 33.88
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)2.26
Profitability
Industry RankSector Rank
ROA 0.66%
ROE 4.94%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 16.79%
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 RankSector Rank
Debt/Equity 0
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)150%
EPS 3Y0%
EPS 5Y
EPS growth Q2Q
EPS Next Y-61.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-19.65%
Revenue growth 3Y3.99%
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