SMARTFINANCIAL INC (SMBK)
US83190L2088 - Common Stock
Overall SMBK gets a fundamental rating of 3 out of 10. We evaluated SMBK against 412 industry peers in the Banks industry. Both the profitability and financial health of SMBK have multiple concerns. SMBK has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
SMBK had positive earnings in the past year.
SMBK had a positive operating cash flow in the past year.
SMBK had positive earnings in each of the past 5 years.
Each year in the past 5 years SMBK had a positive operating cash flow.
1.2 Ratios
SMBK has a Return On Assets of 0.59%. This is in the lower half of the industry: SMBK underperforms 73.54% of its industry peers.
Looking at the Return On Equity, with a value of 6.22%, SMBK is doing worse than 73.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 6.22% | ||
| ROIC | N/A |
ROA(3y)0.76%
ROA(5y)0.82%
ROE(3y)8.09%
ROE(5y)7.91%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SMBK has a worse Profit Margin (18.76%) than 71.12% of its industry peers.
SMBK's Profit Margin has declined in the last couple of years.
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) | 18.76% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.53%
PM growth 5Y-2.92%
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.
The number of shares outstanding for SMBK has been increased compared to 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 1.65. This is a very positive value and a sign of high solvency as it would only need 1.65 years to pay back of all of its debts.
SMBK has a better Debt to FCF ratio (1.65) than 63.84% of its industry peers.
SMBK has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.12, SMBK is doing good in the industry, outperforming 71.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.65 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC22.99%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SMBK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.57%.
SMBK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.67% yearly.
SMBK shows a decrease in Revenue. In the last year, the revenue decreased by -7.75%.
The Revenue has been growing by 12.87% on average over the past years. This is quite good.
EPS 1Y (TTM)-21.57%
EPS 3Y7.5%
EPS 5Y8.67%
EPS growth Q2Q-51.95%
Revenue 1Y (TTM)-7.75%
Revenue growth 3Y9.43%
Revenue growth 5Y12.87%
Revenue growth Q2Q-12.62%
3.2 Future
The Earnings Per Share is expected to grow by 6.68% on average over the next years.
The Revenue is expected to grow by 6.71% on average over the next years.
EPS Next Y-4.63%
EPS Next 2Y6.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.73%
Revenue Next 2Y6.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.06, the valuation of SMBK can be described as very reasonable.
SMBK's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.28. SMBK is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.60, the valuation of SMBK can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as SMBK.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, SMBK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 11.6 |
4.2 Price Multiples
60.44% of the companies in the same industry are cheaper than SMBK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.29 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.28
EPS Next 2Y6.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.55%, SMBK has a reasonable but not impressive dividend return.
SMBK's Dividend Yield is slightly below the industry average, which is at 3.81.
Compared to the average S&P500 Dividend Yield of 2.41, SMBK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
5.2 History
SMBK has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
18.98% of the earnings are spent on dividend by SMBK. This is a low number and sustainable payout ratio.
DP18.98%
EPS Next 2Y6.68%
EPS Next 3YN/A
SMARTFINANCIAL INC
NYSE:SMBK (5/3/2024, 7:18:45 PM)
After market: 22.56 +0.43 (+1.94%)22.13
+0.58 (+2.69%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap377.54M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 11.6 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.59% | ||
| ROE | 6.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 18.76% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-21.57%
EPS 3Y7.5%
EPS 5Y
EPS growth Q2Q
EPS Next Y-4.63%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.75%
Revenue growth 3Y9.43%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y