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SOUTH PLAINS FINANCIAL INC (SPFI) Stock Fundamental Analysis

NASDAQ:SPFI - Nasdaq - US83946P1075 - Common Stock - Currency: USD

37.08  +0.36 (+0.98%)

After market: 37.08 0 (0%)

Fundamental Rating

4

Taking everything into account, SPFI scores 4 out of 10 in our fundamental rating. SPFI was compared to 393 industry peers in the Banks industry. While SPFI is still in line with the averages on profitability rating, there are concerns on its financial health. SPFI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SPFI had positive earnings in the past year.
In the past year SPFI had a positive cash flow from operations.
SPFI had positive earnings in each of the past 5 years.
In the past 5 years SPFI always reported a positive cash flow from operatings.
SPFI Yearly Net Income VS EBIT VS OCF VS FCFSPFI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

The Return On Assets of SPFI (1.16%) is better than 77.35% of its industry peers.
With a decent Return On Equity value of 11.52%, SPFI is doing good in the industry, outperforming 79.90% of the companies in the same industry.
Industry RankSector Rank
ROA 1.16%
ROE 11.52%
ROIC N/A
ROA(3y)1.38%
ROA(5y)1.38%
ROE(3y)14.35%
ROE(5y)13.94%
ROIC(3y)N/A
ROIC(5y)N/A
SPFI Yearly ROA, ROE, ROICSPFI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

With a decent Profit Margin value of 25.89%, SPFI is doing good in the industry, outperforming 63.61% of the companies in the same industry.
SPFI's Profit Margin has improved in the last couple of years.
SPFI 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) 25.89%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-1.58%
PM growth 5Y7.06%
GM growth 3YN/A
GM growth 5YN/A
SPFI Yearly Profit, Operating, Gross MarginsSPFI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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3

2. Health

2.1 Basic Checks

SPFI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SPFI has been increased compared to 1 year ago.
SPFI has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SPFI has an improved debt to assets ratio.
SPFI Yearly Shares OutstandingSPFI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
SPFI Yearly Total Debt VS Total AssetsSPFI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

SPFI has a debt to FCF ratio of 1.77. This is a very positive value and a sign of high solvency as it would only need 1.77 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.77, SPFI is in line with its industry, outperforming 54.71% of the companies in the same industry.
SPFI has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
SPFI has a worse Debt to Equity ratio (0.25) than 63.61% of its industry peers.
Although SPFI does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.77
Altman-Z N/A
ROIC/WACCN/A
WACC17.79%
SPFI Yearly LT Debt VS Equity VS FCFSPFI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SPFI Yearly Current Assets VS Current LiabilitesSPFI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 18.96% over the past year.
The Earnings Per Share has been growing by 11.56% on average over the past years. This is quite good.
Looking at the last year, SPFI shows a quite strong growth in Revenue. The Revenue has grown by 8.51% in the last year.
SPFI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.90% yearly.
EPS 1Y (TTM)18.96%
EPS 3Y-2.7%
EPS 5Y11.56%
EPS Q2Q%30.3%
Revenue 1Y (TTM)8.51%
Revenue growth 3Y-3.81%
Revenue growth 5Y3.9%
Sales Q2Q%12.49%

3.2 Future

Based on estimates for the next years, SPFI will show a small growth in Earnings Per Share. The EPS will grow by 7.81% on average per year.
The Revenue is expected to grow by 7.92% on average over the next years.
EPS Next Y7.85%
EPS Next 2Y7.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.78%
Revenue Next 2Y7.92%
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 accelerating.
SPFI Yearly Revenue VS EstimatesSPFI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
SPFI Yearly EPS VS EstimatesSPFI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.59 indicates a reasonable valuation of SPFI.
SPFI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.51, SPFI is valued rather cheaply.
A Price/Forward Earnings ratio of 10.93 indicates a reasonable valuation of SPFI.
SPFI's Price/Forward Earnings is on the same level as the industry average.
SPFI is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.09, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.59
Fwd PE 10.93
SPFI Price Earnings VS Forward Price EarningsSPFI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPFI indicates a somewhat cheap valuation: SPFI is cheaper than 64.38% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.66
EV/EBITDA N/A
SPFI Per share dataSPFI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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)1.48
PEG (5Y)1
EPS Next 2Y7.81%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.78%, SPFI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.54, SPFI is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.40, SPFI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.78%

5.2 History

SPFI has been paying a dividend for over 5 years, so it has already some track record.
As SPFI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)N/A
Div Incr Years5
Div Non Decr Years5
SPFI Yearly Dividends per shareSPFI Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

SPFI pays out 18.57% of its income as dividend. This is a sustainable payout ratio.
DP18.57%
EPS Next 2Y7.81%
EPS Next 3YN/A
SPFI Yearly Income VS Free CF VS DividendSPFI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
SPFI Dividend Payout.SPFI Dividend Payout, showing the Payout Ratio.SPFI Dividend Payout.PayoutRetained Earnings

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SOUTH PLAINS FINANCIAL INC

NASDAQ:SPFI (8/11/2025, 4:04:02 PM)

After market: 37.08 0 (0%)

37.08

+0.36 (+0.98%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-16 2025-07-16/amc
Earnings (Next)10-21 2025-10-21/amc
Inst Owners40.08%
Inst Owner Change0.36%
Ins Owners14.96%
Ins Owner Change-19.52%
Market Cap601.81M
Analysts82
Price Target44.37 (19.66%)
Short Float %0.77%
Short Ratio1.88
Dividend
Industry RankSector Rank
Dividend Yield 1.78%
Yearly Dividend0.56
Dividend Growth(5Y)N/A
DP18.57%
Div Incr Years5
Div Non Decr Years5
Ex-Date07-28 2025-07-28 (0.16)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.59%
Min EPS beat(2)5.75%
Max EPS beat(2)39.43%
EPS beat(4)3
Avg EPS beat(4)13.46%
Min EPS beat(4)-1.96%
Max EPS beat(4)39.43%
EPS beat(8)6
Avg EPS beat(8)31.16%
EPS beat(12)9
Avg EPS beat(12)29.08%
EPS beat(16)13
Avg EPS beat(16)26.9%
Revenue beat(2)1
Avg Revenue beat(2)0.96%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)3.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.03%
Min Revenue beat(4)-4.46%
Max Revenue beat(4)3.43%
Revenue beat(8)4
Avg Revenue beat(8)7.85%
Revenue beat(12)6
Avg Revenue beat(12)5.53%
Revenue beat(16)8
Avg Revenue beat(16)4.48%
PT rev (1m)2.35%
PT rev (3m)2.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.6%
EPS NY rev (1m)0%
EPS NY rev (3m)6.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)2.09%
Revenue NY rev (3m)1.63%
Valuation
Industry RankSector Rank
PE 11.59
Fwd PE 10.93
P/S 3.05
P/FCF 9.66
P/OCF 9.07
P/B 1.36
P/tB 1.51
EV/EBITDA N/A
EPS(TTM)3.2
EY8.63%
EPS(NY)3.39
Fwd EY9.15%
FCF(TTM)3.84
FCFY10.35%
OCF(TTM)4.09
OCFY11.02%
SpS12.17
BVpS27.34
TBVpS24.52
PEG (NY)1.48
PEG (5Y)1
Profitability
Industry RankSector Rank
ROA 1.16%
ROE 11.52%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.89%
GM N/A
FCFM 31.54%
ROA(3y)1.38%
ROA(5y)1.38%
ROE(3y)14.35%
ROE(5y)13.94%
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 3Y-1.58%
PM growth 5Y7.06%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.77
Debt/EBITDA N/A
Cap/Depr 63.1%
Cap/Sales 2.03%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 121.83%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC17.79%
ROIC/WACCN/A
Cap/Depr(3y)62.94%
Cap/Depr(5y)56.82%
Cap/Sales(3y)1.98%
Cap/Sales(5y)1.75%
Profit Quality(3y)134.39%
Profit Quality(5y)113.52%
High Growth Momentum
Growth
EPS 1Y (TTM)18.96%
EPS 3Y-2.7%
EPS 5Y11.56%
EPS Q2Q%30.3%
EPS Next Y7.85%
EPS Next 2Y7.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.51%
Revenue growth 3Y-3.81%
Revenue growth 5Y3.9%
Sales Q2Q%12.49%
Revenue Next Year9.78%
Revenue Next 2Y7.92%
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 1Y-15.35%
FCF growth 3Y-15.66%
FCF growth 5Y16.15%
OCF growth 1Y-15.41%
OCF growth 3Y-14.88%
OCF growth 5Y14.25%