RENASANT CORP (RNST) Stock Fundamental Analysis
NYSE:RNST - New York Stock Exchange, Inc. - US75970E1073 - Common Stock - Currency: USD
Taking everything into account, RNST scores 4 out of 10 in our fundamental rating. RNST was compared to 395 industry peers in the Banks industry. There are concerns on the financial health of RNST while its profitability can be described as average. RNST is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
RNST had positive earnings in the past year.
In the past year RNST had a positive cash flow from operations.
In the past 5 years RNST has always been profitable.
Each year in the past 5 years RNST had a positive operating cash flow.
1.2 Ratios
RNST has a better Return On Assets (1.08%) than 71.39% of its industry peers.
RNST's Return On Equity of 7.24% is in line compared to the rest of the industry. RNST outperforms 40.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.08% | ||
| ROE | 7.24% | ||
| ROIC | N/A |
ROA(3y)0.96%
ROA(5y)0.9%
ROE(3y)7.12%
ROE(5y)6.65%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 27.37%, RNST is doing good in the industry, outperforming 73.67% of the companies in the same industry.
In the last couple of years the Profit Margin of RNST has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for RNST so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.37% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.35%
PM growth 5Y-0.55%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
RNST does not have a ROIC to compare to the WACC, probably because it is not profitable.
RNST has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, RNST has more shares outstanding
The debt/assets ratio for RNST has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of RNST is 2.84, which is a good value as it means it would take RNST, 2.84 years of fcf income to pay off all of its debts.
RNST has a Debt to FCF ratio of 2.84. This is in the lower half of the industry: RNST underperforms 61.27% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that RNST is not too dependend on debt financing.
RNST has a Debt to Equity ratio (0.16) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.84 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.33%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
RNST shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.02%.
RNST shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.18% yearly.
RNST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.68%.
Measured over the past years, RNST shows a small growth in Revenue. The Revenue has been growing by 3.70% on average per year.
EPS 1Y (TTM)-7.02%
EPS 3Y-2.19%
EPS 5Y-1.18%
EPS Q2Q%1.54%
Revenue 1Y (TTM)15.68%
Revenue growth 3Y3.22%
Revenue growth 5Y3.7%
Sales Q2Q%3.6%
3.2 Future
Based on estimates for the next years, RNST will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.08% on average per year.
The Revenue is expected to grow by 28.67% on average over the next years. This is a very strong growth
EPS Next Y4.95%
EPS Next 2Y12.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year45.93%
Revenue Next 2Y28.67%
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 12.77, the valuation of RNST can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of RNST is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.19, RNST is valued rather cheaply.
The Price/Forward Earnings ratio is 10.20, which indicates a very decent valuation of RNST.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RNST is on the same level as its industry peers.
RNST is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 10.2 |
4.2 Price Multiples
RNST's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. RNST is more expensive than 76.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.72 | ||
| 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 RNST's earnings are expected to grow with 12.08% in the coming years.
PEG (NY)2.58
PEG (5Y)N/A
EPS Next 2Y12.08%
EPS Next 3YN/A
5. Dividend
5.1 Amount
RNST has a Yearly Dividend Yield of 2.53%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.45, RNST is paying slightly less dividend.
RNST's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
5.2 History
The dividend of RNST has a limited annual growth rate of 0.45%.
RNST has paid a dividend for at least 10 years, which is a reliable track record.
RNST has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.45%
Div Incr Years0
Div Non Decr Years31
5.3 Sustainability
28.01% of the earnings are spent on dividend by RNST. This is a low number and sustainable payout ratio.
The dividend of RNST is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.01%
EPS Next 2Y12.08%
EPS Next 3YN/A
35.51
+0.23 (+0.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners94.07%
Inst Owner Change11.63%
Ins Owners2.54%
Ins Owner Change9.92%
Market Cap3.37B
Analysts81.67
Price Target40.46 (13.94%)
Short Float %4.05%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
Yearly Dividend0.9
Dividend Growth(5Y)0.45%
DP28.01%
Div Incr Years0
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.67%
Min EPS beat(2)5.04%
Max EPS beat(2)18.3%
EPS beat(4)4
Avg EPS beat(4)8.78%
Min EPS beat(4)2.61%
Max EPS beat(4)18.3%
EPS beat(8)8
Avg EPS beat(8)8.68%
EPS beat(12)9
Avg EPS beat(12)6.65%
EPS beat(16)12
Avg EPS beat(16)5.11%
Revenue beat(2)0
Avg Revenue beat(2)-1.94%
Min Revenue beat(2)-2.15%
Max Revenue beat(2)-1.73%
Revenue beat(4)1
Avg Revenue beat(4)4.34%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)24.5%
Revenue beat(8)1
Avg Revenue beat(8)-2.42%
Revenue beat(12)3
Avg Revenue beat(12)-1.28%
Revenue beat(16)3
Avg Revenue beat(16)-2.39%
PT rev (1m)-4.23%
PT rev (3m)-9.51%
EPS NQ rev (1m)32.91%
EPS NQ rev (3m)23.94%
EPS NY rev (1m)4.09%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)11.84%
Revenue NQ rev (3m)19.04%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)3.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 10.2 | ||
| P/S | 4.67 | ||
| P/FCF | 21.72 | ||
| P/OCF | 19.79 | ||
| P/B | 1.24 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.78
EY7.83%
EPS(NY)3.48
Fwd EY9.8%
FCF(TTM)1.64
FCFY4.6%
OCF(TTM)1.79
OCFY5.05%
SpS7.6
BVpS28.7
TBVpS17.39
PEG (NY)2.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.08% | ||
| ROE | 7.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.37% | ||
| GM | N/A | ||
| FCFM | 21.52% |
ROA(3y)0.96%
ROA(5y)0.9%
ROE(3y)7.12%
ROE(5y)6.65%
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 3Y0.35%
PM growth 5Y-0.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.84 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 46.6% | ||
| Cap/Sales | 2.1% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 78.64% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC15.33%
ROIC/WACCN/A
Cap/Depr(3y)46.11%
Cap/Depr(5y)52.67%
Cap/Sales(3y)2.56%
Cap/Sales(5y)3.02%
Profit Quality(3y)161.21%
Profit Quality(5y)123.5%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.02%
EPS 3Y-2.19%
EPS 5Y-1.18%
EPS Q2Q%1.54%
EPS Next Y4.95%
EPS Next 2Y12.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.68%
Revenue growth 3Y3.22%
Revenue growth 5Y3.7%
Sales Q2Q%3.6%
Revenue Next Year45.93%
Revenue Next 2Y28.67%
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-54.28%
FCF growth 3Y-1.78%
FCF growth 5Y-2.08%
OCF growth 1Y-52.74%
OCF growth 3Y-3.2%
OCF growth 5Y-4.58%