SANDY SPRING BANCORP INC (SASR) Stock Fundamental Analysis
NASDAQ:SASR - Nasdaq - US8003631038 - Common Stock - Currency: USD
Overall SASR gets a fundamental rating of 3 out of 10. We evaluated SASR against 395 industry peers in the Banks industry. Both the profitability and financial health of SASR have multiple concerns. SASR has a correct valuation and a medium growth rate. Finally SASR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SASR had positive earnings in the past year.
In the past year SASR had a positive cash flow from operations.
SASR had positive earnings in each of the past 5 years.
In the past 5 years SASR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SASR (0.14%) is worse than 88.83% of its industry peers.
The Return On Equity of SASR (1.28%) is worse than 88.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.14% | ||
| ROE | 1.28% | ||
| ROIC | N/A |
ROA(3y)0.74%
ROA(5y)0.96%
ROE(3y)6.72%
ROE(5y)8.41%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SASR has a Profit Margin of 4.90%. This is amonst the worse of the industry: SASR underperforms 88.09% of its industry peers.
SASR's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for SASR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 4.9% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-52.03%
PM growth 5Y-32.28%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SASR does not have a ROIC to compare to the WACC, probably because it is not profitable.
SASR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SASR has more shares outstanding
SASR has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of SASR is 6.52, which is on the high side as it means it would take SASR, 6.52 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SASR (6.52) is worse than 71.46% of its industry peers.
SASR has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.28, SASR is doing worse than 64.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 6.52 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.13%
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 SASR have decreased strongly by -37.54% in the last year.
SASR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.91% yearly.
Looking at the last year, SASR shows a decrease in Revenue. The Revenue has decreased by -3.63% in the last year.
SASR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.84% yearly.
EPS 1Y (TTM)-37.54%
EPS 3Y-28.28%
EPS 5Y-10.91%
EPS Q2Q%-21.67%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y-8.27%
Revenue growth 5Y3.84%
Sales Q2Q%-15.35%
3.2 Future
The Earnings Per Share is expected to grow by 32.49% on average over the next years. This is a very strong growth
SASR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.77% yearly.
EPS Next Y38.66%
EPS Next 2Y32.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year25.51%
Revenue Next 2Y26.77%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.27, the valuation of SASR can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of SASR indicates a slightly more expensive valuation: SASR is more expensive than 73.70% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.35. SASR is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 11.02, the valuation of SASR can be described as reasonable.
Based on the Price/Forward Earnings ratio, SASR is valued a bit more expensive than 61.29% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SASR to the average of the S&P500 Index (22.19), we can say SASR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.27 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SASR is valued a bit more expensive than the industry average as 71.71% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.68 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SASR's earnings are expected to grow with 32.49% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y32.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SASR has a Yearly Dividend Yield of 4.87%, which is a nice return.
Compared to an average industry Dividend Yield of 3.56, SASR pays a bit more dividend than its industry peers.
SASR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
5.2 History
The dividend of SASR has a limited annual growth rate of 2.81%.
SASR has been paying a dividend for at least 10 years, so it has a reliable track record.
SASR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.81%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
SASR pays out 309.71% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SASR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP309.71%
EPS Next 2Y32.49%
EPS Next 3YN/A
27.95
+0.35 (+1.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners73.02%
Inst Owner Change-2.71%
Ins Owners3.7%
Ins Owner Change-8470.03%
Market Cap1.26B
Analysts47.5
Price Target37.74 (35.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.87% |
Yearly Dividend1.37
Dividend Growth(5Y)2.81%
DP309.71%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.76%
Min EPS beat(2)-22.85%
Max EPS beat(2)-4.66%
EPS beat(4)2
Avg EPS beat(4)-1.19%
Min EPS beat(4)-22.85%
Max EPS beat(4)15.34%
EPS beat(8)5
Avg EPS beat(8)8.49%
EPS beat(12)5
Avg EPS beat(12)1.99%
EPS beat(16)7
Avg EPS beat(16)4.27%
Revenue beat(2)0
Avg Revenue beat(2)-5.47%
Min Revenue beat(2)-9.81%
Max Revenue beat(2)-1.13%
Revenue beat(4)0
Avg Revenue beat(4)-4.71%
Min Revenue beat(4)-9.81%
Max Revenue beat(4)-1.13%
Revenue beat(8)2
Avg Revenue beat(8)-0.63%
Revenue beat(12)6
Avg Revenue beat(12)3.94%
Revenue beat(16)10
Avg Revenue beat(16)6.48%
PT rev (1m)0%
PT rev (3m)0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.45%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.27 | ||
| Fwd PE | 11.02 | ||
| P/S | 3.1 | ||
| P/FCF | 18.68 | ||
| P/OCF | 15.07 | ||
| P/B | 0.81 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.83
EY6.55%
EPS(NY)2.54
Fwd EY9.08%
FCF(TTM)1.5
FCFY5.35%
OCF(TTM)1.85
OCFY6.63%
SpS9
BVpS34.52
TBVpS26.99
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.14% | ||
| ROE | 1.28% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 4.9% | ||
| GM | N/A | ||
| FCFM | 16.62% |
ROA(3y)0.74%
ROA(5y)0.96%
ROE(3y)6.72%
ROE(5y)8.41%
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-52.03%
PM growth 5Y-32.28%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 6.52 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 61.45% | ||
| Cap/Sales | 3.97% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 339.45% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC18.13%
ROIC/WACCN/A
Cap/Depr(3y)82.56%
Cap/Depr(5y)70.42%
Cap/Sales(3y)3.38%
Cap/Sales(5y)2.68%
Profit Quality(3y)187.41%
Profit Quality(5y)158.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-37.54%
EPS 3Y-28.28%
EPS 5Y-10.91%
EPS Q2Q%-21.67%
EPS Next Y38.66%
EPS Next 2Y32.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y-8.27%
Revenue growth 5Y3.84%
Sales Q2Q%-15.35%
Revenue Next Year25.51%
Revenue Next 2Y26.77%
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-45.45%
FCF growth 3Y-30.92%
FCF growth 5Y-6.55%
OCF growth 1Y-39.26%
OCF growth 3Y-27.14%
OCF growth 5Y-3.47%