SOUTHSIDE BANCSHARES INC (SBSI)
US84470P1093 - Common Stock
SBSI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. SBSI has a medium profitability rating, but doesn't score so well on its financial health evaluation. SBSI is valued correctly, but it does not seem to be growing. Finally SBSI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SBSI was profitable.
SBSI had a positive operating cash flow in the past year.
In the past 5 years SBSI has always been profitable.
In the past 5 years SBSI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SBSI (1.05%) is better than 65.45% of its industry peers.
Looking at the Return On Equity, with a value of 11.21%, SBSI is in the better half of the industry, outperforming 71.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 11.21% | ||
| ROIC | N/A |
ROA(3y)1.33%
ROA(5y)1.26%
ROE(3y)12.57%
ROE(5y)11.28%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SBSI has a Profit Margin of 34.56%. This is amongst the best in the industry. SBSI outperforms 88.81% of its industry peers.
SBSI's Profit Margin has been stable in the last couple of years.
SBSI 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) | 34.56% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.12%
PM growth 5Y-0.14%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SBSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SBSI has been reduced compared to 1 year ago.
The number of shares outstanding for SBSI has been reduced compared to 5 years ago.
Compared to 1 year ago, SBSI has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of SBSI is 9.10, which is on the high side as it means it would take SBSI, 9.10 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.10, SBSI is doing worse than 77.13% of the companies in the same industry.
A Debt/Equity ratio of 0.86 indicates that SBSI is somewhat dependend on debt financing.
The Debt to Equity ratio of SBSI (0.86) is worse than 80.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 9.1 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.42%
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 SBSI have decreased strongly by -14.07% in the last year.
Measured over the past 5 years, SBSI shows a small growth in Earnings Per Share. The EPS has been growing by 5.90% on average per year.
SBSI shows a decrease in Revenue. In the last year, the revenue decreased by -0.93%.
The Revenue has been growing slightly by 3.34% on average over the past years.
EPS 1Y (TTM)-14.07%
EPS 3Y4.25%
EPS 5Y5.9%
EPS growth Q2Q-34.48%
Revenue 1Y (TTM)-0.93%
Revenue growth 3Y1.91%
Revenue growth 5Y3.34%
Revenue growth Q2Q-15.71%
3.2 Future
Based on estimates for the next years, SBSI will show a small growth in Earnings Per Share. The EPS will grow by 2.91% on average per year.
Based on estimates for the next years, SBSI will show a small growth in Revenue. The Revenue will grow by 3.37% on average per year.
EPS Next Y1.82%
EPS Next 2Y2.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.09%
Revenue Next 2Y3.37%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.70, which indicates a very decent valuation of SBSI.
SBSI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.84, SBSI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.53, the valuation of SBSI can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBSI indicates a somewhat cheap valuation: SBSI is cheaper than 64.72% of the companies listed in the same industry.
SBSI is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 9.53 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SBSI is valued a bit more expensive than 64.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.32 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SBSI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)5.34
PEG (5Y)1.65
EPS Next 2Y2.91%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.20%, SBSI is a good candidate for dividend investing.
SBSI's Dividend Yield is rather good when compared to the industry average which is at 3.83. SBSI pays more dividend than 80.05% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, SBSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
5.2 History
The dividend of SBSI has a limited annual growth rate of 2.91%.
SBSI has been paying a dividend for at least 10 years, so it has a reliable track record.
As SBSI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)2.91%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
SBSI pays out 50.28% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SBSI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP50.28%
EPS Next 2Y2.91%
EPS Next 3YN/A
SOUTHSIDE BANCSHARES INC
NASDAQ:SBSI (4/26/2024, 7:15:09 PM)
After market: 27.27 0 (0%)27.27
-0.4 (-1.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap825.74M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 9.53 | ||
| 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)5.34
PEG (5Y)1.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 11.21% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 34.56% | ||
| 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 Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| 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)-14.07%
EPS 3Y4.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.82%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.93%
Revenue growth 3Y1.91%
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