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SHORE BANCSHARES INC (SHBI) Stock Fundamental Analysis

NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD

13.09  -0.08 (-0.61%)

After market: 13.09 0 (0%)

Fundamental Rating

4

Taking everything into account, SHBI scores 4 out of 10 in our fundamental rating. SHBI was compared to 398 industry peers in the Banks industry. Both the profitability and financial health of SHBI have multiple concerns. SHBI is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SHBI had positive earnings in the past year.
In the past year SHBI had a positive cash flow from operations.
SHBI had positive earnings in each of the past 5 years.
SHBI had a positive operating cash flow in 4 of the past 5 years.
SHBI Yearly Net Income VS EBIT VS OCF VS FCFSHBI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

1.2 Ratios

With a Return On Assets value of 0.70%, SHBI is not doing good in the industry: 60.05% of the companies in the same industry are doing better.
SHBI has a Return On Equity of 8.11%. This is comparable to the rest of the industry: SHBI outperforms 46.98% of its industry peers.
Industry RankSector Rank
ROA 0.7%
ROE 8.11%
ROIC N/A
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)6.29%
ROE(5y)6.26%
ROIC(3y)N/A
ROIC(5y)N/A
SHBI Yearly ROA, ROE, ROICSHBI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

The Profit Margin of SHBI (21.76%) is comparable to the rest of the industry.
SHBI's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for SHBI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 21.76%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.12%
PM growth 5Y-4.19%
GM growth 3YN/A
GM growth 5YN/A
SHBI Yearly Profit, Operating, Gross MarginsSHBI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

SHBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SHBI has more shares outstanding
SHBI has more shares outstanding than it did 5 years ago.
SHBI has a better debt/assets ratio than last year.
SHBI Yearly Shares OutstandingSHBI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
SHBI Yearly Total Debt VS Total AssetsSHBI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

SHBI has a debt to FCF ratio of 1.77. This is a very positive value and a sign of high solvency as it would only need 1.77 years to pay back of all of its debts.
With a Debt to FCF ratio value of 1.77, SHBI perfoms like the industry average, outperforming 55.53% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that SHBI is not too dependend on debt financing.
SHBI has a Debt to Equity ratio of 0.14. This is in the better half of the industry: SHBI outperforms 61.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 1.77
Altman-Z N/A
ROIC/WACCN/A
WACC25.07%
SHBI Yearly LT Debt VS Equity VS FCFSHBI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SHBI Yearly Current Assets VS Current LiabilitesSHBI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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8

3. Growth

3.1 Past

SHBI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 104.62%, which is quite impressive.
Measured over the past 5 years, SHBI shows a small growth in Earnings Per Share. The EPS has been growing by 0.77% on average per year.
SHBI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.74%.
The Revenue has been growing by 27.40% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)104.62%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%25%
Revenue 1Y (TTM)19.74%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%5.99%

3.2 Future

Based on estimates for the next years, SHBI will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.07% on average per year.
Based on estimates for the next years, SHBI will show a quite strong growth in Revenue. The Revenue will grow by 10.76% on average per year.
EPS Next Y20.66%
EPS Next 2Y16.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.03%
Revenue Next 2Y10.76%
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 accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SHBI Yearly Revenue VS EstimatesSHBI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
SHBI Yearly EPS VS EstimatesSHBI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

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6

4. Valuation

4.1 Price/Earnings Ratio

SHBI is valuated reasonably with a Price/Earnings ratio of 9.84.
Based on the Price/Earnings ratio, SHBI is valued a bit cheaper than the industry average as 73.62% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.78, SHBI is valued rather cheaply.
A Price/Forward Earnings ratio of 8.16 indicates a reasonable valuation of SHBI.
Based on the Price/Forward Earnings ratio, SHBI is valued a bit cheaper than the industry average as 74.87% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of SHBI to the average of the S&P500 Index (21.32), we can say SHBI is valued rather cheaply.
Industry RankSector Rank
PE 9.84
Fwd PE 8.16
SHBI Price Earnings VS Forward Price EarningsSHBI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHBI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 10.48
EV/EBITDA N/A
SHBI Per share dataSHBI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

SHBI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SHBI's earnings are expected to grow with 16.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)12.79
EPS Next 2Y16.07%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

SHBI has a Yearly Dividend Yield of 3.64%.
Compared to an average industry Dividend Yield of 3.52, SHBI pays a bit more dividend than its industry peers.
SHBI's Dividend Yield is a higher than the S&P500 average which is at 2.46.
Industry RankSector Rank
Dividend Yield 3.64%

5.2 History

The dividend of SHBI has a limited annual growth rate of 2.55%.
SHBI has been paying a dividend for at least 10 years, so it has a reliable track record.
SHBI has decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.55%
Div Incr Years0
Div Non Decr Years2
SHBI Yearly Dividends per shareSHBI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

SHBI pays out 36.49% of its income as dividend. This is a sustainable payout ratio.
SHBI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.49%
EPS Next 2Y16.07%
EPS Next 3YN/A
SHBI Yearly Income VS Free CF VS DividendSHBI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M
SHBI Dividend Payout.SHBI Dividend Payout, showing the Payout Ratio.SHBI Dividend Payout.PayoutRetained Earnings

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SHORE BANCSHARES INC

NASDAQ:SHBI (4/25/2025, 8:00:01 PM)

After market: 13.09 0 (0%)

13.09

-0.08 (-0.61%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-23 2025-07-23/bmo
Inst Owners59.92%
Inst Owner Change-48.77%
Ins Owners8.75%
Ins Owner Change1.43%
Market Cap436.81M
Analysts80
Price Target18.02 (37.66%)
Short Float %1.07%
Short Ratio1.46
Dividend
Industry RankSector Rank
Dividend Yield 3.64%
Yearly Dividend0.48
Dividend Growth(5Y)2.55%
DP36.49%
Div Incr Years0
Div Non Decr Years2
Ex-Date02-13 2025-02-13 (0.12)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.18%
Min EPS beat(2)-6.1%
Max EPS beat(2)10.47%
EPS beat(4)2
Avg EPS beat(4)-4.71%
Min EPS beat(4)-24.2%
Max EPS beat(4)10.47%
EPS beat(8)2
Avg EPS beat(8)-30.03%
EPS beat(12)3
Avg EPS beat(12)-21.89%
EPS beat(16)7
Avg EPS beat(16)-13.09%
Revenue beat(2)0
Avg Revenue beat(2)-0.75%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)-0.57%
Revenue beat(4)0
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-4.41%
Max Revenue beat(4)-0.57%
Revenue beat(8)1
Avg Revenue beat(8)-3.62%
Revenue beat(12)5
Avg Revenue beat(12)4.54%
Revenue beat(16)9
Avg Revenue beat(16)8.48%
PT rev (1m)-7.83%
PT rev (3m)-7.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.95%
EPS NY rev (1m)-1.05%
EPS NY rev (3m)2.83%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)3.59%
Revenue NY rev (1m)-5.79%
Revenue NY rev (3m)5.35%
Valuation
Industry RankSector Rank
PE 9.84
Fwd PE 8.16
P/S 2.17
P/FCF 10.48
P/OCF 9.32
P/B 0.81
P/tB 1.01
EV/EBITDA N/A
EPS(TTM)1.33
EY10.16%
EPS(NY)1.6
Fwd EY12.26%
FCF(TTM)1.25
FCFY9.54%
OCF(TTM)1.41
OCFY10.73%
SpS6.04
BVpS16.21
TBVpS12.99
PEG (NY)0.48
PEG (5Y)12.79
Profitability
Industry RankSector Rank
ROA 0.7%
ROE 8.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.76%
GM N/A
FCFM 20.66%
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)6.29%
ROE(5y)6.26%
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 3Y3.12%
PM growth 5Y-4.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 1.77
Debt/EBITDA N/A
Cap/Depr 32.57%
Cap/Sales 2.59%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 94.93%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC25.07%
ROIC/WACCN/A
Cap/Depr(3y)42.76%
Cap/Depr(5y)67.18%
Cap/Sales(3y)2.69%
Cap/Sales(5y)3.26%
Profit Quality(3y)135.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)104.62%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%25%
EPS Next Y20.66%
EPS Next 2Y16.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.74%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%5.99%
Revenue Next Year13.03%
Revenue Next 2Y10.76%
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 1Y148.6%
FCF growth 3YN/A
FCF growth 5Y29.36%
OCF growth 1Y106.43%
OCF growth 3YN/A
OCF growth 5Y27.82%