SYNOVUS FINANCIAL CORP (SNV)

US87161C5013 - Common Stock

37.03  +0.33 (+0.9%)

Fundamental Rating

4

Overall SNV gets a fundamental rating of 4 out of 10. We evaluated SNV against 416 industry peers in the Banks industry. SNV may be in some trouble as it scores bad on both profitability and health. SNV has a decent growth rate and is not valued too expensively. Finally SNV also has an excellent dividend rating.



3

1. Profitability

1.1 Basic Checks

SNV had positive earnings in the past year.
In the past year SNV had a positive cash flow from operations.
Each year in the past 5 years SNV has been profitable.
Of the past 5 years SNV 4 years had a positive operating cash flow.

1.2 Ratios

SNV has a Return On Assets of 1.09%. This is in the better half of the industry: SNV outperforms 61.26% of its industry peers.
The Return On Equity of SNV (14.21%) is better than 78.93% of its industry peers.
Industry RankSector Rank
ROA 1.09%
ROE 14.21%
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 (27.75%) which is in line with its industry peers.
In the last couple of years the Profit Margin of SNV has declined.
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) 27.75%
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

2

2. Health

2.1 Basic Checks

SNV does not have a ROIC to compare to the WACC, probably because it is not profitable.
SNV has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SNV has more shares outstanding
Compared to 1 year ago, SNV has an improved debt to assets ratio.

2.2 Solvency

SNV has a debt to FCF ratio of 1.79. This is a very positive value and a sign of high solvency as it would only need 1.79 years to pay back of all of its debts.
SNV has a Debt to FCF ratio (1.79) which is comparable to the rest of the industry.
SNV has a Debt/Equity ratio of 0.62. This is a neutral value indicating SNV is somewhat dependend on debt financing.
The Debt to Equity ratio of SNV (0.62) is worse than 76.03% of its industry peers.
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 0.62
Debt/FCF 1.79
Altman-Z N/A
ROIC/WACCN/A
WACC9.08%

2.3 Liquidity

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

4

3. Growth

3.1 Past

SNV shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.26%.
SNV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.64% yearly.
Looking at the last year, SNV shows a quite strong growth in Revenue. The Revenue has grown by 9.99% in the last year.
SNV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.10% yearly.
EPS 1Y (TTM)-5.26%
EPS 3Y22.13%
EPS 5Y4.64%
EPS growth Q2Q-37.31%
Revenue 1Y (TTM)9.99%
Revenue growth 3Y3.02%
Revenue growth 5Y9.1%
Revenue growth Q2Q-5.48%

3.2 Future

SNV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.76% yearly.
SNV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.32% yearly.
EPS Next Y-7.7%
EPS Next 2Y0.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.62%
Revenue Next 2Y2.36%
Revenue Next 3Y5.32%
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.

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.91, which indicates a rather cheap valuation of SNV.
SNV's Price/Earnings ratio is a bit cheaper when compared to the industry. SNV is cheaper than 73.12% of the companies in the same industry.
SNV is valuated cheaply when we compare the Price/Earnings ratio to 26.18, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.14 indicates a reasonable valuation of SNV.
72.40% of the companies in the same industry are more expensive than SNV, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.51, SNV is valued rather cheaply.
Industry RankSector Rank
PE 7.91
Fwd PE 9.14

4.2 Price Multiples

92.98% 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 3.45
EV/EBITDA N/A

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.71
EPS Next 2Y0.76%
EPS Next 3YN/A

8

5. Dividend

5.1 Amount

SNV has a Yearly Dividend Yield of 4.14%, which is a nice return.
Compared to an average industry Dividend Yield of 3.67, SNV pays a bit more dividend than its industry peers.
SNV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.48.
Industry RankSector Rank
Dividend Yield 4.14%

5.2 History

On average, the dividend of SNV grows each year by 24.00%, which is quite nice.
SNV has been paying a dividend for at least 10 years, so it has 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)24%
Div Incr Years1
Div Non Decr Years13

5.3 Sustainability

37.92% of the earnings are spent on dividend by SNV. This is a low number and sustainable payout ratio.
The dividend of SNV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP37.92%
EPS Next 2Y0.76%
EPS Next 3YN/A

SYNOVUS FINANCIAL CORP

NYSE:SNV (2/20/2024, 11:09:46 AM)

37.03

+0.33 (+0.9%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.42B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.14%
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 7.91
Fwd PE 9.14
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)1.71
Profitability
Industry RankSector Rank
ROA 1.09%
ROE 14.21%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 27.75%
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 0.62
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)-5.26%
EPS 3Y22.13%
EPS 5Y
EPS growth Q2Q
EPS Next Y-7.7%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.99%
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