SHORE BANCSHARES INC (SHBI) Stock Fundamental Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to SHBI. SHBI was compared to 504 industry peers in the Banks industry. SHBI may be in some trouble as it scores bad on both profitability and health. SHBI is not overvalued while it is showing excellent growth. This is an interesting 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.
Each year in the past 5 years SHBI has 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 comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 8.95%, SHBI is in line with its industry, outperforming 55.30% of the companies in the same industry.
| 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 52.02% of the companies in the same industry.
In the last couple of years the Profit Margin of SHBI has declined.
The Operating Margin and Gross Margin are not available for SHBI so they could not be analyzed.
| 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.
The number of shares outstanding for SHBI has been increased compared to 5 years ago.
SHBI has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of SHBI is 1.24, which is an excellent value as it means it would take SHBI, only 1.24 years of fcf income to pay off all of its debts.
SHBI's Debt to FCF ratio of 1.24 is fine compared to the rest of the industry. SHBI outperforms 67.42% 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 has a better Debt to Equity ratio (0.13) than 61.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.24 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC25.23%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 156.90% over the past year.
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
The Earnings Per Share is expected to grow by 17.06% on average over the next years. This is quite good.
Based on estimates for the next years, SHBI will show a quite strong growth in Revenue. The Revenue will grow by 13.61% on average per year.
EPS Next Y25.52%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.70 indicates a reasonable valuation of SHBI.
Based on the Price/Earnings ratio, SHBI is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
SHBI is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.93, the valuation of SHBI can be described as very cheap.
Based on the Price/Forward Earnings ratio, SHBI is valued a bit cheaper than the industry average as 74.75% of the companies are valued more expensively.
SHBI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 7.93 |
4.2 Price Multiples
SHBI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SHBI is cheaper than 75.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.07 | ||
| 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.
A more expensive valuation may be justified as SHBI's earnings are expected to grow with 17.06% in the coming years.
PEG (NY)0.38
PEG (5Y)12.61
EPS Next 2Y17.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SHBI has a Yearly Dividend Yield of 3.29%.
Compared to an average industry Dividend Yield of 2.38, SHBI has a dividend in line with its industry peers.
SHBI's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.29% |
5.2 History
The dividend of SHBI has a limited annual growth rate of 2.55%.
SHBI has paid a dividend for at least 10 years, which is 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.
SHBI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP32.47%
EPS Next 2Y17.06%
EPS Next 3YN/A
14.46
-0.06 (-0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners59.92%
Inst Owner Change0.97%
Ins Owners8.75%
Ins Owner Change1.43%
Market Cap482.53M
Analysts80
Price Target17.34 (19.92%)
Short Float %1.26%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.29% |
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)-3.77%
PT rev (3m)-11.3%
EPS NQ rev (1m)4.27%
EPS NQ rev (3m)4.27%
EPS NY rev (1m)4.03%
EPS NY rev (3m)2.94%
Revenue NQ rev (1m)6.6%
Revenue NQ rev (3m)0.59%
Revenue NY rev (1m)6.57%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 7.93 | ||
| P/S | 2.33 | ||
| P/FCF | 8.07 | ||
| P/OCF | 7.51 | ||
| P/B | 0.87 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.49
EY10.3%
EPS(NY)1.82
Fwd EY12.6%
FCF(TTM)1.79
FCFY12.39%
OCF(TTM)1.93
OCFY13.32%
SpS6.2
BVpS16.56
TBVpS13.41
PEG (NY)0.38
PEG (5Y)12.61
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
WACC25.23%
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 Y25.52%
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%