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SILVERGATE CAPITAL CORP-CL A (SI) Stock Fundamental Analysis

NYSE:SI - New York Stock Exchange, Inc. - US82837P4081 - Common Stock - Currency: USD

1.25  +0.01 (+0.81%)

After market: 1.29 +0.04 (+3.2%)

Fundamental Rating

2

Overall SI gets a fundamental rating of 2 out of 10. We evaluated SI against 395 industry peers in the Banks industry. Both the profitability and financial health of SI have multiple concerns. SI has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

SI had positive earnings in the past year.
Of the past 5 years SI 4 years were profitable.
SI had negative operating cash flow in 4 of the past 5 years.
SI Yearly Net Income VS EBIT VS OCF VS FCFSI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 -200M -400M -600M -800M

1.2 Ratios

SI has negative profitability rations, so we won't be analyzing them here.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SI Yearly ROA, ROE, ROICSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 -50 -100 -150

1.3 Margins

SI's Profit Margin has improved in the last couple of years.
SI does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y76.44%
PM growth 5Y56.45%
GM growth 3YN/A
GM growth 5YN/A
SI Yearly Profit, Operating, Gross MarginsSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 50 100 150

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1

2. Health

2.1 Basic Checks

SI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SI has been increased compared to 1 year ago.
The debt/assets ratio for SI is higher compared to a year ago.
SI Yearly Shares OutstandingSI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M
SI Yearly Total Debt VS Total AssetsSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B

2.2 Solvency

A Debt/Equity ratio of 0.03 indicates that SI is not too dependend on debt financing.
SI has a better Debt to Equity ratio (0.03) than 81.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC7.73%
SI Yearly LT Debt VS Equity VS FCFSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SI Yearly Current Assets VS Current LiabilitesSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B 4B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 27.34% over the past year.
The Revenue for SI has decreased by -446.38% in the past year. This is quite bad
EPS 1Y (TTM)27.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
Revenue 1Y (TTM)-446.38%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1791.86%

3.2 Future

Based on estimates for the next years, SI will show a very negative growth in Earnings Per Share. The EPS will decrease by -19.40% on average per year.
SI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 32.89% yearly.
EPS Next Y-90.2%
EPS Next 2Y-47.1%
EPS Next 3Y-19.4%
EPS Next 5YN/A
Revenue Next Year124.61%
Revenue Next 2Y53.95%
Revenue Next 3Y32.89%
Revenue Next 5YN/A

3.3 Evolution

SI Yearly Revenue VS EstimatesSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200M -400M -600M
SI Yearly EPS VS EstimatesSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 0.34, the valuation of SI can be described as very cheap.
SI's Price/Earnings ratio is rather cheap when compared to the industry. SI is cheaper than 99.77% of the companies in the same industry.
When comparing the Price/Earnings ratio of SI to the average of the S&P500 Index (24.83), we can say SI is valued rather cheaply.
With a Price/Forward Earnings ratio of 3.47, the valuation of SI can be described as very cheap.
Based on the Price/Forward Earnings ratio, SI is valued cheaper than 96.96% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SI to the average of the S&P500 Index (20.94), we can say SI is valued rather cheaply.
Industry RankSector Rank
PE 0.34
Fwd PE 3.47
SI Price Earnings VS Forward Price EarningsSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SI Per share dataSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10

4.3 Compensation for Growth

SI's earnings are expected to decrease with -19.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.1%
EPS Next 3Y-19.4%

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0

5. Dividend

5.1 Amount

SI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SILVERGATE CAPITAL CORP-CL A

NYSE:SI (5/10/2023, 8:22:59 PM)

After market: 1.29 +0.04 (+3.2%)

1.25

+0.01 (+0.81%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2023-04-24/bmo
Earnings (Next)07-17 2023-07-17/bmo
Inst Owners0%
Inst Owner Change0%
Ins Owners0.31%
Ins Owner Change0%
Market Cap39.57M
Analysts35.56
Price Target4.08 (226.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.86%
Min EPS beat(2)-27.65%
Max EPS beat(2)-10.07%
EPS beat(4)2
Avg EPS beat(4)16.63%
Min EPS beat(4)-27.65%
Max EPS beat(4)73.14%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-8.79%
Min Revenue beat(2)-13.56%
Max Revenue beat(2)-4.02%
Revenue beat(4)2
Avg Revenue beat(4)-1.13%
Min Revenue beat(4)-13.56%
Max Revenue beat(4)7.75%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-74.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2602.7%
EPS NY rev (1m)-43.24%
EPS NY rev (3m)-91.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-25.08%
Revenue NY rev (1m)-11.89%
Revenue NY rev (3m)-60.22%
Valuation
Industry RankSector Rank
PE 0.34
Fwd PE 3.47
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 0.07
P/tB 0.07
EV/EBITDA N/A
EPS(TTM)3.68
EY294.4%
EPS(NY)0.36
Fwd EY28.84%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS-19.1
BVpS19.05
TBVpS19.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y76.44%
PM growth 5Y56.45%
GM growth 3YN/A
GM growth 5YN/A
F-Score0
Asset Turnover-0.05
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score0
WACC7.73%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)27.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
EPS Next Y-90.2%
EPS Next 2Y-47.1%
EPS Next 3Y-19.4%
EPS Next 5YN/A
Revenue 1Y (TTM)-446.38%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1791.86%
Revenue Next Year124.61%
Revenue Next 2Y53.95%
Revenue Next 3Y32.89%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-53.52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A