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SUMMIT FINANCIAL GROUP INC (SMMF) Stock Fundamental Analysis

NASDAQ:SMMF - US86606G1013 - Common Stock

25.7 USD
-0.66 (-2.5%)
Last: 5/2/2024, 8:19:49 PM
25.7 USD
0 (0%)
After Hours: 5/2/2024, 8:19:49 PM
Fundamental Rating

4

Taking everything into account, SMMF scores 4 out of 10 in our fundamental rating. SMMF was compared to 393 industry peers in the Banks industry. SMMF has a medium profitability rating, but doesn't score so well on its financial health evaluation. SMMF may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year SMMF was profitable.
In the past year SMMF had a positive cash flow from operations.
Each year in the past 5 years SMMF has been profitable.
In the past 5 years SMMF always reported a positive cash flow from operatings.
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

SMMF has a better Return On Assets (1.17%) than 76.21% of its industry peers.
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

SMMF has a Profit Margin of 30.62%. This is in the better half of the industry: SMMF outperforms 77.91% of its industry peers.
SMMF's Profit Margin has been stable in the last couple of years.
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.
Compared to 1 year ago, SMMF has more shares outstanding
Compared to 5 years ago, SMMF has more shares outstanding
Compared to 1 year ago, SMMF has an improved debt to assets ratio.
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

The Debt to FCF ratio of SMMF is 1.85, which is an excellent value as it means it would take SMMF, only 1.85 years of fcf income to pay off all of its debts.
SMMF's Debt to FCF ratio of 1.85 is fine compared to the rest of the industry. SMMF outperforms 61.41% of its industry peers.
SMMF has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.28, SMMF is in line with its industry, outperforming 42.48% of the companies in the same industry.
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.
The Earnings Per Share has been growing by 11.18% on average over the past years. This is quite good.
The Revenue has grown by 20.59% in the past year. This is a very strong growth!
SMMF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.27% yearly.
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

Based on estimates for the next years, SMMF will show a small growth in Earnings Per Share. The EPS will grow by 3.08% on average per year.
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

A Price/Earnings ratio of 6.69 indicates a rather cheap valuation of SMMF.
SMMF's Price/Earnings ratio is rather cheap when compared to the industry. SMMF is cheaper than 89.56% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.14. 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.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMMF indicates a rather cheap valuation: SMMF is cheaper than 94.42% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.80, 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 5 10 15 20 25

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

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 3.30, SMMF has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, SMMF pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.42%

5.2 History

On average, the dividend of SMMF grows each year by 12.01%, which is quite nice.
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

SMMF pays out 23.64% of its income as dividend. This is a 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%