SANDY SPRING BANCORP INC (SASR) Stock Fundamental Analysis
NASDAQ:SASR - Nasdaq - US8003631038 - Common Stock - Currency: USD
Taking everything into account, SASR scores 3 out of 10 in our fundamental rating. SASR was compared to 398 industry peers in the Banks industry. Both the profitability and financial health of SASR have multiple concerns. SASR is not valued too expensively and it also shows a decent growth rate. Finally SASR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SASR was profitable.
In the past year SASR had a positive cash flow from operations.
In the past 5 years SASR has always been profitable.
Each year in the past 5 years SASR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.14%, SASR is doing worse than 88.83% of the companies in the same industry.
With a Return On Equity value of 1.28%, SASR is not doing good in the industry: 88.59% of the companies in the same industry are doing better.
| 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
With a Profit Margin value of 4.90%, SASR is not doing good in the industry: 88.09% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SASR has declined.
SASR 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) | 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.
Compared to 1 year ago, SASR has more shares outstanding
Compared to 5 years ago, SASR has more shares outstanding
Compared to 1 year ago, SASR has an improved debt to assets ratio.
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.
SASR has a Debt to FCF ratio of 6.52. This is in the lower half of the industry: SASR underperforms 71.46% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that SASR is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.28, SASR is not doing good in the industry: 64.27% of the companies in the same industry are doing better.
| 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
SASR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.54%.
The earnings per share for SASR have been decreasing by -10.91% on average. This is quite bad
The Revenue has decreased by -3.63% in the past 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
SASR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.49% yearly.
The Revenue is expected to grow by 26.77% on average over the next years. This is a very strong growth
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
SASR is valuated correctly with a Price/Earnings ratio of 15.27.
Based on the Price/Earnings ratio, SASR is valued a bit more expensive than the industry average as 73.70% of the companies are valued more cheaply.
SASR is valuated rather cheaply when we compare the Price/Earnings ratio to 28.78, which is the current average of the S&P500 Index.
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.
The average S&P500 Price/Forward Earnings ratio is at 21.32. SASR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.27 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
71.71% of the companies in the same industry are cheaper than SASR, based on the Price/Free Cash Flow ratio.
| 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.
SASR's earnings are expected to grow with 32.49% in the coming years. This may justify a more expensive valuation.
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.
SASR's Dividend Yield is a higher than the industry average which is at 3.52.
SASR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.46.
| 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.81%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
309.71% of the earnings are spent on dividend by SASR. 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-39.87%
Ins Owners3.7%
Ins Owner Change-8507.5%
Market Cap1.26B
Analysts47.5
Price Target37.74 (35.03%)
Short Float %1.82%
Short Ratio2.87
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%