SHORE BANCSHARES INC (SHBI) Stock Fundamental Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Taking everything into account, SHBI scores 5 out of 10 in our fundamental rating. SHBI was compared to 395 industry peers in the Banks industry. SHBI may be in some trouble as it scores bad on both profitability and health. SHBI is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SHBI was profitable.
SHBI had a positive operating cash flow in the past year.
In the past 5 years SHBI has always been profitable.
Of the past 5 years SHBI 4 years had a positive operating cash flow.
1.2 Ratios
SHBI has a Return On Assets (0.80%) which is in line with its industry peers.
SHBI has a Return On Equity of 8.95%. This is comparable to the rest of the industry: SHBI outperforms 55.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.8% | ||
| ROE | 8.95% | ||
| 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
1.3 Margins
With a Profit Margin value of 23.90%, SHBI perfoms like the industry average, outperforming 51.90% of the companies in the same industry.
In the last couple of years the Profit Margin of SHBI has declined.
SHBI 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) | 23.9% | ||
| 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
2. Health
2.1 Basic Checks
SHBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SHBI has been increased compared to 1 year ago.
SHBI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SHBI has an improved debt to assets ratio.
2.2 Solvency
SHBI has a debt to FCF ratio of 1.24. This is a very positive value and a sign of high solvency as it would only need 1.24 years to pay back of all of its debts.
SHBI has a better Debt to FCF ratio (1.24) than 67.59% of its industry peers.
SHBI has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
SHBI's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. SHBI outperforms 61.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.24 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC22.2%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SHBI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 156.90%, 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 11.81%.
Measured over the past years, SHBI shows a very strong growth in Revenue. The Revenue has been growing by 27.40% on average per year.
EPS 1Y (TTM)156.9%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%64%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%11.9%
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 17.06% on average per year.
SHBI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.61% yearly.
EPS Next Y28.08%
EPS Next 2Y17.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.45%
Revenue Next 2Y13.61%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.16, the valuation of SHBI can be described as very reasonable.
Based on the Price/Earnings ratio, SHBI is valued a bit cheaper than the industry average as 74.18% of the companies are valued more expensively.
SHBI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.45.
A Price/Forward Earnings ratio of 9.13 indicates a reasonable valuation of SHBI.
SHBI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHBI is cheaper than 72.41% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SHBI to the average of the S&P500 Index (21.90), we can say SHBI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 9.13 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SHBI is valued a bit cheaper than the industry average as 72.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.28 | ||
| 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.
SHBI's earnings are expected to grow with 17.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)14.51
EPS Next 2Y17.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SHBI has a Yearly Dividend Yield of 2.89%.
SHBI's Dividend Yield is comparable with the industry average which is at 3.47.
SHBI's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
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
5.3 Sustainability
SHBI pays out 32.47% of its income as dividend. This is a sustainable payout ratio.
The dividend of SHBI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.47%
EPS Next 2Y17.06%
EPS Next 3YN/A
16.63
+0.29 (+1.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners60.22%
Inst Owner Change0.97%
Ins Owners8.36%
Ins Owner Change1.44%
Market Cap554.94M
Analysts80
Price Target17.34 (4.27%)
Short Float %1.29%
Short Ratio2.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
Yearly Dividend0.48
Dividend Growth(5Y)2.55%
DP32.47%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.12%
Min EPS beat(2)10.47%
Max EPS beat(2)13.76%
EPS beat(4)3
Avg EPS beat(4)4.78%
Min EPS beat(4)-6.1%
Max EPS beat(4)13.76%
EPS beat(8)3
Avg EPS beat(8)-25.61%
EPS beat(12)4
Avg EPS beat(12)-20.34%
EPS beat(16)7
Avg EPS beat(16)-12.3%
Revenue beat(2)0
Avg Revenue beat(2)-0.96%
Min Revenue beat(2)-1%
Max Revenue beat(2)-0.92%
Revenue beat(4)0
Avg Revenue beat(4)-0.9%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)-0.57%
Revenue beat(8)1
Avg Revenue beat(8)-3.3%
Revenue beat(12)4
Avg Revenue beat(12)2.4%
Revenue beat(16)8
Avg Revenue beat(16)7.55%
PT rev (1m)0%
PT rev (3m)-11.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.27%
EPS NY rev (1m)2.04%
EPS NY rev (3m)5.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 9.13 | ||
| P/S | 2.68 | ||
| P/FCF | 9.28 | ||
| P/OCF | 8.63 | ||
| P/B | 1 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.49
EY8.96%
EPS(NY)1.82
Fwd EY10.96%
FCF(TTM)1.79
FCFY10.78%
OCF(TTM)1.93
OCFY11.58%
SpS6.2
BVpS16.56
TBVpS13.41
PEG (NY)0.4
PEG (5Y)14.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.8% | ||
| ROE | 8.95% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 23.9% | ||
| GM | N/A | ||
| FCFM | 28.89% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.24 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 27.94% | ||
| Cap/Sales | 2.16% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 120.9% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC22.2%
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)156.9%
EPS 3Y-6.93%
EPS 5Y0.77%
EPS Q2Q%64%
EPS Next Y28.08%
EPS Next 2Y17.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.81%
Revenue growth 3Y37.49%
Revenue growth 5Y27.4%
Sales Q2Q%11.9%
Revenue Next Year20.45%
Revenue Next 2Y13.61%
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 1Y63.41%
FCF growth 3YN/A
FCF growth 5Y29.36%
OCF growth 1Y66.23%
OCF growth 3YN/A
OCF growth 5Y27.82%