SUMMIT FINANCIAL GROUP INC (SMMF)
US86606G1013 - Common Stock
We assign a fundamental rating of 4 out of 10 to SMMF. SMMF was compared to 412 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
1. Profitability
1.1 Basic Checks
SMMF had positive earnings in the past year.
In the past year SMMF had a positive cash flow from operations.
Each year in the past 5 years SMMF has been profitable.
SMMF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SMMF has a Return On Assets of 1.17%. This is in the better half of the industry: SMMF outperforms 75.91% of its industry peers.
With an excellent Return On Equity value of 12.34%, SMMF belongs to the best of the industry, outperforming 80.54% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
SMMF's Profit Margin of 30.62% is fine compared to the rest of the industry. SMMF outperforms 78.10% of its industry peers.
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 Rank | Sector 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
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
The number of shares outstanding for SMMF has been increased compared to 5 years ago.
Compared to 1 year ago, SMMF has an improved debt to assets ratio.
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 has a better Debt to FCF ratio (1.85) than 61.31% 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.
The Debt to Equity ratio of SMMF (0.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 1.85 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.52%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for SMMF have decreased by -6.11% in the last year.
Measured over the past years, SMMF shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.18% on average per year.
The Revenue has grown by 20.59% in the past year. This is a very strong growth!
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 growth Q2Q-8.62%
Revenue 1Y (TTM)20.59%
Revenue growth 3Y15.35%
Revenue growth 5Y15.27%
Revenue growth Q2Q18.8%
3.2 Future
The Earnings Per Share is expected to grow by 3.08% on average over the next years.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.15, the valuation of SMMF can be described as very cheap.
SMMF's Price/Earnings ratio is rather cheap when compared to the industry. SMMF is cheaper than 84.91% of the companies in the same industry.
When comparing the Price/Earnings ratio of SMMF to the average of the S&P500 Index (24.84), we can say SMMF is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.73, 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 91.73% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.35, SMMF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.15 | ||
| Fwd PE | 6.73 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SMMF is valued cheaper than 80.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.05 | ||
| EV/EBITDA | N/A |
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)1.14
PEG (5Y)0.64
EPS Next 2Y3.08%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMMF has a Yearly Dividend Yield of 3.21%.
Compared to an average industry Dividend Yield of 3.83, SMMF has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, SMMF pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
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
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
SUMMIT FINANCIAL GROUP INC
NASDAQ:SMMF (4/26/2024, 7:16:41 PM)
After market: 27.45 0 (0%)27.45
+0.04 (+0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap402.97M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 7.15 | ||
| Fwd PE | 6.73 | ||
| 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)1.14
PEG (5Y)0.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.17% | ||
| ROE | 12.34% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 30.62% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| 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)-6.11%
EPS 3Y16.64%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)20.59%
Revenue growth 3Y15.35%
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