SMARTFINANCIAL INC (SMBK) Stock Fundamental Analysis
NYSE:SMBK - US83190L2088 - Common Stock
37.08 USD
-0.23 (-0.62%)
37.08 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to SMBK. SMBK was compared to 395 industry peers in the Banks industry. SMBK may be in some trouble as it scores bad on both profitability and health. SMBK is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
SMBK had positive earnings in the past year.
In the past year SMBK had a positive cash flow from operations.
SMBK had positive earnings in each of the past 5 years.
In the past 5 years SMBK always reported a positive cash flow from operatings.
1.2 Ratios
SMBK has a Return On Assets of 0.76%. This is comparable to the rest of the industry: SMBK outperforms 43.18% of its industry peers.
The Return On Equity of SMBK (8.04%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 8.04% | ||
| ROIC | N/A |
ROA(3y)0.73%
ROA(5y)0.74%
ROE(3y)7.84%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SMBK has a Profit Margin (22.31%) which is in line with its industry peers.
In the last couple of years the Profit Margin of SMBK has declined.
SMBK 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) | 22.31% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.97%
PM growth 5Y-4.63%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SMBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
SMBK has less shares outstanding than it did 1 year ago.
SMBK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SMBK has been reduced compared to a year ago.
2.2 Solvency
SMBK has a debt to FCF ratio of 0.88. This is a very positive value and a sign of high solvency as it would only need 0.88 years to pay back of all of its debts.
The Debt to FCF ratio of SMBK (0.88) is better than 74.24% of its industry peers.
SMBK has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
SMBK has a better Debt to Equity ratio (0.09) than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.88 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC21.27%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SMBK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.14%, which is quite impressive.
Measured over the past 5 years, SMBK shows a small growth in Earnings Per Share. The EPS has been growing by 1.74% on average per year.
The Revenue has grown by 23.62% in the past year. This is a very strong growth!
SMBK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.57% yearly.
EPS 1Y (TTM)41.14%
EPS 3Y-2.75%
EPS 5Y1.74%
EPS Q2Q%50%
Revenue 1Y (TTM)23.62%
Revenue growth 3Y7.7%
Revenue growth 5Y11.57%
Sales Q2Q%21.83%
3.2 Future
Based on estimates for the next years, SMBK will show a very strong growth in Earnings Per Share. The EPS will grow by 26.52% on average per year.
SMBK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.77% yearly.
EPS Next Y41.96%
EPS Next 2Y26.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year19.1%
Revenue Next 2Y14.77%
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 Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SMBK is valuated correctly with a Price/Earnings ratio of 15.01.
Based on the Price/Earnings ratio, SMBK is valued a bit more expensive than the industry average as 64.39% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of SMBK to the average of the S&P500 Index (27.06), we can say SMBK is valued slightly cheaper.
A Price/Forward Earnings ratio of 11.24 indicates a reasonable valuation of SMBK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMBK is on the same level as its industry peers.
SMBK is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 11.24 |
4.2 Price Multiples
SMBK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.84 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SMBK's 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 SMBK's earnings are expected to grow with 26.52% in the coming years.
PEG (NY)0.36
PEG (5Y)8.64
EPS Next 2Y26.52%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMBK has a yearly dividend return of 0.86%, which is pretty low.
Compared to an average industry Dividend Yield of 3.49, SMBK's dividend is way lower than its industry peers. On top of this 83.59% of the companies listed in the same industry pay a better dividend than SMBK!
With a Dividend Yield of 0.86, SMBK pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
5.2 History
On average, the dividend of SMBK grows each year by 44.81%, which is quite nice.
SMBK has been paying a dividend for at least 10 years, so it has a reliable track record.
SMBK has decreased its dividend recently.
Dividend Growth(5Y)44.81%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SMBK pays out 13.01% of its income as dividend. This is a sustainable payout ratio.
SMBK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.01%
EPS Next 2Y26.52%
EPS Next 3YN/A
37.08
-0.23 (-0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners58.17%
Inst Owner Change0.09%
Ins Owners14.45%
Ins Owner Change0.14%
Market Cap631.10M
Analysts75
Price Target39.87 (7.52%)
Short Float %0.65%
Short Ratio1.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
Yearly Dividend0.32
Dividend Growth(5Y)44.81%
DP13.01%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.79%
Min EPS beat(2)5.42%
Max EPS beat(2)20.16%
EPS beat(4)4
Avg EPS beat(4)12.22%
Min EPS beat(4)5.42%
Max EPS beat(4)20.16%
EPS beat(8)6
Avg EPS beat(8)7.47%
EPS beat(12)8
Avg EPS beat(12)4.95%
EPS beat(16)9
Avg EPS beat(16)5.34%
Revenue beat(2)0
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-0.67%
Max Revenue beat(2)-0.42%
Revenue beat(4)2
Avg Revenue beat(4)1.14%
Min Revenue beat(4)-0.67%
Max Revenue beat(4)3.44%
Revenue beat(8)3
Avg Revenue beat(8)-2.27%
Revenue beat(12)3
Avg Revenue beat(12)-2.86%
Revenue beat(16)4
Avg Revenue beat(16)-2.2%
PT rev (1m)8.06%
PT rev (3m)9.32%
EPS NQ rev (1m)1.01%
EPS NQ rev (3m)15.39%
EPS NY rev (1m)5.24%
EPS NY rev (3m)5.44%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)3.11%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 11.24 | ||
| P/S | 3.37 | ||
| P/FCF | 11.84 | ||
| P/OCF | 11 | ||
| P/B | 1.22 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.47
EY6.66%
EPS(NY)3.3
Fwd EY8.89%
FCF(TTM)3.13
FCFY8.44%
OCF(TTM)3.37
OCFY9.09%
SpS10.99
BVpS30.49
TBVpS24.41
PEG (NY)0.36
PEG (5Y)8.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 8.04% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 22.31% | ||
| GM | N/A | ||
| FCFM | 28.49% |
ROA(3y)0.73%
ROA(5y)0.74%
ROE(3y)7.84%
ROE(5y)7.68%
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-5.97%
PM growth 5Y-4.63%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.88 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 37.31% | ||
| Cap/Sales | 2.19% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 127.68% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC21.27%
ROIC/WACCN/A
Cap/Depr(3y)67.1%
Cap/Depr(5y)65.38%
Cap/Sales(3y)5.14%
Cap/Sales(5y)4.36%
Profit Quality(3y)116.03%
Profit Quality(5y)114.24%
High Growth Momentum
Growth
EPS 1Y (TTM)41.14%
EPS 3Y-2.75%
EPS 5Y1.74%
EPS Q2Q%50%
EPS Next Y41.96%
EPS Next 2Y26.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)23.62%
Revenue growth 3Y7.7%
Revenue growth 5Y11.57%
Sales Q2Q%21.83%
Revenue Next Year19.1%
Revenue Next 2Y14.77%
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 1Y28.36%
FCF growth 3Y1.86%
FCF growth 5Y14.43%
OCF growth 1Y15.45%
OCF growth 3Y4.5%
OCF growth 5Y12.03%