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SUMMIT FINANCIAL GROUP INC (SMMF) Stock Fundamental Analysis

NASDAQ:SMMF - Nasdaq - US86606G1013 - Common Stock - Currency: USD

25.7  -0.66 (-2.5%)

After market: 25.7 0 (0%)

Fundamental Rating

4

SMMF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. SMMF has a medium profitability rating, but doesn't score so well on its financial health evaluation. SMMF scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year SMMF was profitable.
SMMF had a positive operating cash flow in the past year.
In the past 5 years SMMF has always been profitable.
SMMF had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.17%, SMMF is in the better half of the industry, outperforming 76.21% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.34%, SMMF belongs to the top of the industry, outperforming 81.07% of the companies in the same industry.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10

1.3 Margins

With a decent Profit Margin value of 30.62%, SMMF is doing good in the industry, outperforming 77.91% of the companies in the same industry.
In the last couple of years the Profit Margin of SMMF has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for SMMF so they could not be analyzed.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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3

2. Health

2.1 Basic Checks

SMMF does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SMMF has been increased compared to 1 year ago.
SMMF has more shares outstanding than it did 5 years ago.
SMMF has a better debt/assets ratio than last year.
SMMF Yearly Shares OutstandingSMMF Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 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.
Looking at the Debt to FCF ratio, with a value of 1.85, SMMF is in the better half of the industry, outperforming 61.41% of the companies in the same industry.
SMMF has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
SMMF's Debt to Equity ratio of 0.28 is in line compared 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 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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4

3. Growth

3.1 Past

The earnings per share for SMMF have decreased by -6.11% in the last year.
SMMF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.18% yearly.
Looking at the last year, SMMF shows a very strong growth in Revenue. The Revenue has grown by 20.59%.
The Revenue has been growing by 15.27% on average over the past years. This is quite good.
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.
Based on estimates for the next years, SMMF will show a small growth in Revenue. The Revenue will grow by 2.82% on average per year.
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 2014 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. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 6.69, the valuation of SMMF can be described as very cheap.
Based on the Price/Earnings ratio, SMMF is valued cheaply inside the industry as 89.56% of the companies are valued more expensively.
SMMF is valuated cheaply when we compare the Price/Earnings ratio to 24.21, which is the current average of the S&P500 Index.
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.
SMMF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.44.
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 5 10 15 20

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMMF indicates a rather cheap valuation: SMMF is cheaper than 86.65% of the companies listed 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

SMMF's 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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6

5. Dividend

5.1 Amount

SMMF has a Yearly Dividend Yield of 3.42%.
Compared to an average industry Dividend Yield of 3.42, SMMF has a dividend in line with its industry peers.
SMMF's Dividend Yield is a higher than the S&P500 average which is at 2.41.
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 paid a dividend for at least 10 years, which is 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

23.64% of the earnings are spent on dividend by SMMF. This is a low number and sustainable payout ratio.
SMMF's earnings are growing slower than its dividend. 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 2015 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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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 2024-04-25/amc
Earnings (Next)07-25 2024-07-25/amc
Inst Owners7.2%
Inst Owner Change0%
Ins Owners3.58%
Ins Owner Change0%
Market Cap377.53M
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
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
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 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%