SUMMIT FINANCIAL GROUP INC (SMMF) Fundamental Analysis & Valuation

NASDAQ:SMMF • US86606G1013

Current stock price

25.7 USD
-0.66 (-2.5%)
At close:
25.7 USD
0 (0%)
After Hours:

This SMMF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. SMMF Profitability Analysis

1.1 Basic Checks

  • SMMF had positive earnings in the past year.
  • In the past year SMMF had a positive cash flow from operations.
  • In the past 5 years SMMF has always been profitable.
  • Each year in the past 5 years SMMF had a positive operating cash flow.
SMMF Yearly Net Income VS EBIT VS OCF VS FCFSMMF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

1.2 Ratios

  • SMMF's Return On Assets of 1.17% is fine compared to the rest of the industry. SMMF outperforms 76.21% of its industry peers.
  • SMMF has a better Return On Equity (12.34%) than 81.07% of its industry peers.
Industry RankSector Rank
ROA 1.17%
ROE 12.34%
ROIC N/A
ROA(3y)1.26%
ROA(5y)1.22%
ROE(3y)13.62%
ROE(5y)12.97%
ROIC(3y)N/A
ROIC(5y)N/A
SMMF Yearly ROA, ROE, ROICSMMF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 5 10

1.3 Margins

  • The Profit Margin of SMMF (30.62%) is better than 77.91% of its industry peers.
  • SMMF's Profit Margin has been stable in the last couple of years.
  • SMMF does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 30.62%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.19%
PM growth 5Y-1.01%
GM growth 3YN/A
GM growth 5YN/A
SMMF Yearly Profit, Operating, Gross MarginsSMMF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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3

2. SMMF Health Analysis

2.1 Basic Checks

  • SMMF does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, SMMF has more shares outstanding
  • The debt/assets ratio for SMMF has been reduced compared to a year ago.
SMMF Yearly Shares OutstandingSMMF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M
SMMF Yearly Total Debt VS Total AssetsSMMF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

  • SMMF has a debt to FCF ratio of 1.85. This is a very positive value and a sign of high solvency as it would only need 1.85 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.85, SMMF is doing good in the industry, outperforming 61.41% of the companies in the same industry.
  • A Debt/Equity ratio of 0.28 indicates that SMMF is not too dependend on debt financing.
  • SMMF has a Debt to Equity ratio of 0.28. This is comparable to the rest of the industry: SMMF outperforms 42.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.85
Altman-Z N/A
ROIC/WACCN/A
WACC14.47%
SMMF Yearly LT Debt VS Equity VS FCFSMMF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SMMF Yearly Current Assets VS Current LiabilitesSMMF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SMMF Growth Analysis

3.1 Past

  • SMMF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.11%.
  • The Earnings Per Share has been growing by 11.18% on average over the past years. This is quite good.
  • Looking at the last year, SMMF shows a very strong growth in Revenue. The Revenue has grown by 20.59%.
  • Measured over the past years, SMMF shows a quite strong growth in Revenue. The Revenue has been growing by 15.27% on average per year.
EPS 1Y (TTM)-6.11%
EPS 3Y16.64%
EPS 5Y11.18%
EPS Q2Q%-8.62%
Revenue 1Y (TTM)20.59%
Revenue growth 3Y15.35%
Revenue growth 5Y15.27%
Sales Q2Q%18.8%

3.2 Future

  • SMMF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.08% yearly.
  • The Revenue is expected to grow by 2.82% on average over the next years.
EPS Next Y6.25%
EPS Next 2Y3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.35%
Revenue Next 2Y2.82%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SMMF Yearly Revenue VS EstimatesSMMF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
SMMF Yearly EPS VS EstimatesSMMF Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

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7

4. SMMF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.69, which indicates a rather cheap valuation of SMMF.
  • Based on the Price/Earnings ratio, SMMF is valued cheaper than 89.56% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.71. SMMF is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 6.30, the valuation of SMMF can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, SMMF is valued cheaply inside the industry as 94.42% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of SMMF to the average of the S&P500 Index (38.09), we can say SMMF is valued rather cheaply.
Industry RankSector Rank
PE 6.69
Fwd PE 6.3
SMMF Price Earnings VS Forward Price EarningsSMMF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, SMMF is valued cheaper than 86.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.67
EV/EBITDA N/A
SMMF Per share dataSMMF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.07
PEG (5Y)0.6
EPS Next 2Y3.08%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. SMMF Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.42%, SMMF has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.57, SMMF has a dividend in line with its industry peers.
  • SMMF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.42%

5.2 History

  • The dividend of SMMF is nicely growing with an annual growth rate of 12.01%!
  • SMMF has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As SMMF did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)12.01%
Div Incr Years8
Div Non Decr Years8
SMMF Yearly Dividends per shareSMMF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

  • SMMF pays out 23.64% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of SMMF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP23.64%
EPS Next 2Y3.08%
EPS Next 3YN/A
SMMF Yearly Income VS Free CF VS DividendSMMF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
SMMF Dividend Payout.SMMF Dividend Payout, showing the Payout Ratio.SMMF Dividend Payout.PayoutRetained Earnings

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SMMF Fundamentals: All Metrics, Ratios and Statistics

SUMMIT FINANCIAL GROUP INC

NASDAQ:SMMF (5/2/2024, 8:19:49 PM)

After market: 25.7 0 (0%)

25.7

-0.66 (-2.5%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-25
Earnings (Next)07-25
Inst Owners7.2%
Inst Owner Change0%
Ins Owners3.58%
Ins Owner Change0%
Market Cap377.53M
Revenue(TTM)177.44M
Net Income(TTM)54.34M
Analysts43.33
Price Target30.6 (19.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.42%
Yearly Dividend0.94
Dividend Growth(5Y)12.01%
DP23.64%
Div Incr Years8
Div Non Decr Years8
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.49%
Min EPS beat(2)-5.53%
Max EPS beat(2)8.51%
EPS beat(4)2
Avg EPS beat(4)-5.93%
Min EPS beat(4)-28.46%
Max EPS beat(4)8.51%
EPS beat(8)3
Avg EPS beat(8)-4.39%
EPS beat(12)6
Avg EPS beat(12)-2.31%
EPS beat(16)9
Avg EPS beat(16)14.72%
Revenue beat(2)1
Avg Revenue beat(2)3.54%
Min Revenue beat(2)-1.73%
Max Revenue beat(2)8.81%
Revenue beat(4)3
Avg Revenue beat(4)8.94%
Min Revenue beat(4)-1.73%
Max Revenue beat(4)17.66%
Revenue beat(8)7
Avg Revenue beat(8)10.25%
Revenue beat(12)11
Avg Revenue beat(12)10.72%
Revenue beat(16)15
Avg Revenue beat(16)13.66%
PT rev (1m)0%
PT rev (3m)30.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.38%
Valuation
Industry RankSector Rank
PE 6.69
Fwd PE 6.3
P/S 2.13
P/FCF 5.67
P/OCF 5.12
P/B 0.86
P/tB 1.03
EV/EBITDA N/A
EPS(TTM)3.84
EY14.94%
EPS(NY)4.08
Fwd EY15.88%
FCF(TTM)4.54
FCFY17.65%
OCF(TTM)5.02
OCFY19.53%
SpS12.08
BVpS29.97
TBVpS24.9
PEG (NY)1.07
PEG (5Y)0.6
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 1.17%
ROE 12.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 30.62%
GM N/A
FCFM 37.56%
ROA(3y)1.26%
ROA(5y)1.22%
ROE(3y)13.62%
ROE(5y)12.97%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.19%
PM growth 5Y-1.01%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.85
Debt/EBITDA N/A
Cap/Depr 98.66%
Cap/Sales 3.99%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 122.63%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.47%
ROIC/WACCN/A
Cap/Depr(3y)71.18%
Cap/Depr(5y)120.9%
Cap/Sales(3y)2.8%
Cap/Sales(5y)5.09%
Profit Quality(3y)125.68%
Profit Quality(5y)118.32%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.11%
EPS 3Y16.64%
EPS 5Y11.18%
EPS Q2Q%-8.62%
EPS Next Y6.25%
EPS Next 2Y3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)20.59%
Revenue growth 3Y15.35%
Revenue growth 5Y15.27%
Sales Q2Q%18.8%
Revenue Next Year1.35%
Revenue Next 2Y2.82%
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 1Y0.08%
FCF growth 3Y22.74%
FCF growth 5Y15.11%
OCF growth 1Y8.52%
OCF growth 3Y18.17%
OCF growth 5Y13.87%

SUMMIT FINANCIAL GROUP INC / SMMF Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SUMMIT FINANCIAL GROUP INC?

ChartMill assigns a fundamental rating of 4 / 10 to SMMF.


Can you provide the valuation status for SUMMIT FINANCIAL GROUP INC?

ChartMill assigns a valuation rating of 7 / 10 to SUMMIT FINANCIAL GROUP INC (SMMF). This can be considered as Undervalued.


What is the profitability of SMMF stock?

SUMMIT FINANCIAL GROUP INC (SMMF) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for SMMF stock?

The Price/Earnings (PE) ratio for SUMMIT FINANCIAL GROUP INC (SMMF) is 6.69 and the Price/Book (PB) ratio is 0.86.


Is the dividend of SUMMIT FINANCIAL GROUP INC sustainable?

The dividend rating of SUMMIT FINANCIAL GROUP INC (SMMF) is 6 / 10 and the dividend payout ratio is 23.64%.