SYNOVUS FINANCIAL CORP (SNV)

US87161C5013 - Common Stock

40  +0.18 (+0.45%)

Fundamental Rating

4

Taking everything into account, SNV scores 4 out of 10 in our fundamental rating. SNV was compared to 415 industry peers in the Banks industry. SNV has a bad profitability rating. Also its financial health evaluation is rather negative. SNV is not valued too expensively and it also shows a decent growth rate. SNV also has an excellent dividend rating.



3

1. Profitability

1.1 Basic Checks

In the past year SNV was profitable.
In the past year SNV had a positive cash flow from operations.
SNV had positive earnings in each of the past 5 years.
SNV had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

The Return On Assets of SNV (0.85%) is comparable to the rest of the industry.
The Return On Equity of SNV (9.92%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.85%
ROE 9.92%
ROIC N/A
ROA(3y)1.11%
ROA(5y)1.02%
ROE(3y)13.28%
ROE(5y)11.48%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

SNV has a Profit Margin (23.00%) which is in line with its industry peers.
SNV's Profit Margin has declined in the last couple of years.
SNV 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) 23%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y10.9%
PM growth 5Y-4.35%
GM growth 3YN/A
GM growth 5YN/A

3

2. Health

2.1 Basic Checks

SNV does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SNV has been increased compared to 1 year ago.
The number of shares outstanding for SNV has been increased compared to 5 years ago.
The debt/assets ratio for SNV has been reduced compared to a year ago.

2.2 Solvency

SNV has a debt to FCF ratio of 1.70. This is a very positive value and a sign of high solvency as it would only need 1.70 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.70, SNV is in the better half of the industry, outperforming 62.89% of the companies in the same industry.
SNV has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.42, SNV is doing worse than 66.75% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for SNV, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 1.7
Altman-Z N/A
ROIC/WACCN/A
WACC15.97%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

4

3. Growth

3.1 Past

SNV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.13%.
SNV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.64% yearly.
The Revenue has been growing slightly by 0.06% in the past year.
Measured over the past years, SNV shows a quite strong growth in Revenue. The Revenue has been growing by 9.10% on average per year.
EPS 1Y (TTM)-11.13%
EPS 3Y22.13%
EPS 5Y4.64%
EPS growth Q2Q-21.48%
Revenue 1Y (TTM)0.06%
Revenue growth 3Y3.02%
Revenue growth 5Y9.1%
Revenue growth Q2Q-19.06%

3.2 Future

Based on estimates for the next years, SNV will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.28% on average per year.
The Revenue is expected to grow by 5.32% on average over the next years.
EPS Next Y-7.14%
EPS Next 2Y0.91%
EPS Next 3Y10.28%
EPS Next 5YN/A
Revenue Next Year-0.57%
Revenue Next 2Y2.32%
Revenue Next 3Y5.32%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better 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.

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 9.11, the valuation of SNV can be described as reasonable.
SNV's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.42. SNV is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.81, which indicates a very decent valuation of SNV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SNV indicates a somewhat cheap valuation: SNV is cheaper than 66.27% of the companies listed in the same industry.
SNV's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.74.
Industry RankSector Rank
PE 9.11
Fwd PE 9.81

4.2 Price Multiples

88.67% of the companies in the same industry are more expensive than SNV, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.68
EV/EBITDA N/A

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.97
EPS Next 2Y0.91%
EPS Next 3Y10.28%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.86%, SNV has a reasonable but not impressive dividend return.
SNV's Dividend Yield is a higher than the industry average which is at 3.70.
Compared to an average S&P500 Dividend Yield of 2.34, SNV pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.86%

5.2 History

On average, the dividend of SNV grows each year by 11.02%, which is quite nice.
SNV has paid a dividend for at least 10 years, which is a reliable track record.
SNV has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.02%
Div Incr Years2
Div Non Decr Years14

5.3 Sustainability

SNV pays out 49.63% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.63%
EPS Next 2Y0.91%
EPS Next 3Y10.28%

SYNOVUS FINANCIAL CORP

NYSE:SNV (3/28/2024, 9:38:05 AM)

40

+0.18 (+0.45%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.86B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.86%
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 RankSector Rank
PE 9.11
Fwd PE 9.81
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)1.97
Profitability
Industry RankSector Rank
ROA 0.85%
ROE 9.92%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 23%
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 RankSector Rank
Debt/Equity 0.42
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)-11.13%
EPS 3Y22.13%
EPS 5Y
EPS growth Q2Q
EPS Next Y-7.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.06%
Revenue growth 3Y3.02%
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