SOUTHSIDE BANCSHARES INC (SBSI) Stock Fundamental Analysis
USA - NYSE:SBSI - US84470P1093 - Common Stock
27.82 USD
+0.66 (+2.43%)
27.82 USD
0 (0%)
Taking everything into account, SBSI scores 4 out of 10 in our fundamental rating. SBSI was compared to 391 industry peers in the Banks industry. While SBSI is still in line with the averages on profitability rating, there are concerns on its financial health. SBSI has a valuation in line with the averages, but it does not seem to be growing. 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.
Each year in the past 5 years SBSI has been profitable.
In the past 5 years SBSI always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 1.03%, SBSI is doing good in the industry, outperforming 66.75% of the companies in the same industry.
SBSI has a better Return On Equity (10.66%) than 74.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 10.66% | ||
| ROIC | N/A |
ROA(3y)1.16%
ROA(5y)1.24%
ROE(3y)12.06%
ROE(5y)11.6%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SBSI has a Profit Margin of 33.06%. This is amongst the best in the industry. SBSI outperforms 88.24% of its industry peers.
SBSI's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for SBSI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 33.06% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.42%
PM growth 5Y-0.59%
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.
Compared to 1 year ago, SBSI has about the same amount of shares outstanding.
The number of shares outstanding for SBSI has been reduced compared to 5 years ago.
Compared to 1 year ago, SBSI has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of SBSI is 6.52, which is on the high side as it means it would take SBSI, 6.52 years of fcf income to pay off all of its debts.
SBSI has a worse Debt to FCF ratio (6.52) than 72.89% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that SBSI is not too dependend on debt financing.
SBSI's Debt to Equity ratio of 0.31 is on the low side compared to the rest of the industry. SBSI is outperformed by 69.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.52 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.65%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SBSI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.83%.
Measured over the past 5 years, SBSI shows a small growth in Earnings Per Share. The EPS has been growing by 5.75% on average per year.
SBSI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.32%.
SBSI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.97% yearly.
EPS 1Y (TTM)4.83%
EPS 3Y-5.97%
EPS 5Y5.75%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)4.32%
Revenue growth 3Y2.58%
Revenue growth 5Y3.97%
Sales Q2Q%1.91%
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 2.89% on average per year.
SBSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y1.47%
EPS Next 2Y2.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y4.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.87, the valuation of SBSI can be described as very reasonable.
Based on the Price/Earnings ratio, SBSI is valued a bit cheaper than 78.77% of the companies in the same industry.
SBSI is valuated cheaply when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.03, the valuation of SBSI can be described as reasonable.
Based on the Price/Forward Earnings ratio, SBSI is valued a bit cheaper than the industry average as 65.98% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.18. SBSI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.87 | ||
| Fwd PE | 9.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBSI indicates a slightly more expensive valuation: SBSI is more expensive than 72.38% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.64 | ||
| 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)6.69
PEG (5Y)1.71
EPS Next 2Y2.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.45%, SBSI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.57, SBSI pays a better dividend. On top of this SBSI pays more dividend than 87.98% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SBSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
5.2 History
The dividend of SBSI has a limited annual growth rate of 3.10%.
SBSI has paid a dividend for at least 10 years, which is a reliable track record.
SBSI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.1%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
SBSI pays out 51.16% 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.
DP51.16%
EPS Next 2Y2.89%
EPS Next 3YN/A
27.82
+0.66 (+2.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners58.77%
Inst Owner Change-0.24%
Ins Owners1.55%
Ins Owner Change0.1%
Market Cap836.83M
Analysts48.89
Price Target34.68 (24.66%)
Short Float %3.61%
Short Ratio8.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
Yearly Dividend1.47
Dividend Growth(5Y)3.1%
DP51.16%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.46%
Min EPS beat(2)3.12%
Max EPS beat(2)3.81%
EPS beat(4)2
Avg EPS beat(4)-1.2%
Min EPS beat(4)-9.09%
Max EPS beat(4)3.81%
EPS beat(8)4
Avg EPS beat(8)-1.51%
EPS beat(12)7
Avg EPS beat(12)0.18%
EPS beat(16)11
Avg EPS beat(16)4.19%
Revenue beat(2)0
Avg Revenue beat(2)-5.47%
Min Revenue beat(2)-6.68%
Max Revenue beat(2)-4.26%
Revenue beat(4)0
Avg Revenue beat(4)-6.19%
Min Revenue beat(4)-8.79%
Max Revenue beat(4)-4.26%
Revenue beat(8)0
Avg Revenue beat(8)-7.07%
Revenue beat(12)0
Avg Revenue beat(12)-6.76%
Revenue beat(16)0
Avg Revenue beat(16)-6.32%
PT rev (1m)0%
PT rev (3m)6.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.28%
EPS NY rev (1m)-0.43%
EPS NY rev (3m)3.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.87 | ||
| Fwd PE | 9.03 | ||
| P/S | 3.22 | ||
| P/FCF | 21.64 | ||
| P/OCF | 14.68 | ||
| P/B | 1.04 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.82
EY10.14%
EPS(NY)3.08
Fwd EY11.07%
FCF(TTM)1.29
FCFY4.62%
OCF(TTM)1.89
OCFY6.81%
SpS8.65
BVpS26.83
TBVpS20.1
PEG (NY)6.69
PEG (5Y)1.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 10.66% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 33.06% | ||
| GM | N/A | ||
| FCFM | 14.87% |
ROA(3y)1.16%
ROA(5y)1.24%
ROE(3y)12.06%
ROE(5y)11.6%
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-10.42%
PM growth 5Y-0.59%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.52 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 177.1% | ||
| Cap/Sales | 7.05% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 44.97% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC14.65%
ROIC/WACCN/A
Cap/Depr(3y)85.5%
Cap/Depr(5y)84.88%
Cap/Sales(3y)3.56%
Cap/Sales(5y)3.8%
Profit Quality(3y)131.43%
Profit Quality(5y)124.15%
High Growth Momentum
Growth
EPS 1Y (TTM)4.83%
EPS 3Y-5.97%
EPS 5Y5.75%
EPS Q2Q%-11.11%
EPS Next Y1.47%
EPS Next 2Y2.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.32%
Revenue growth 3Y2.58%
Revenue growth 5Y3.97%
Sales Q2Q%1.91%
Revenue Next Year2.78%
Revenue Next 2Y4.2%
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-74.05%
FCF growth 3Y-14.91%
FCF growth 5Y7.06%
OCF growth 1Y-63.58%
OCF growth 3Y-13.22%
OCF growth 5Y4.82%