SOUTH PLAINS FINANCIAL INC (SPFI)

US83946P1075 - Common Stock

27.15  +0.03 (+0.11%)

Fundamental Rating

4

Taking everything into account, SPFI scores 4 out of 10 in our fundamental rating. SPFI was compared to 412 industry peers in the Banks industry. There are concerns on the financial health of SPFI while its profitability can be described as average. SPFI has a correct valuation and a medium growth rate.



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5

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.
In the past 5 years SPFI has always been profitable.
SPFI had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 1.49%, SPFI belongs to the top of the industry, outperforming 89.08% of the companies in the same industry.
With an excellent Return On Equity value of 15.41%, SPFI belongs to the best of the industry, outperforming 91.02% of the companies in the same industry.
Industry RankSector Rank
ROA 1.49%
ROE 15.41%
ROIC N/A
ROA(3y)1.49%
ROA(5y)1.33%
ROE(3y)15.37%
ROE(5y)13.58%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

SPFI's Profit Margin of 28.65% is fine compared to the rest of the industry. SPFI outperforms 71.60% of its industry peers.
In the last couple of years the Profit Margin of SPFI has grown nicely.
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) 28.65%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y12.22%
PM growth 5Y7.63%
GM growth 3YN/A
GM growth 5YN/A

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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.
Compared to 1 year ago, SPFI has less shares outstanding
The number of shares outstanding for SPFI has been reduced compared to 5 years ago.
SPFI has a better debt/assets ratio than last year.

2.2 Solvency

The Debt to FCF ratio of SPFI is 2.05, which is a good value as it means it would take SPFI, 2.05 years of fcf income to pay off all of its debts.
SPFI has a Debt to FCF ratio (2.05) which is in line with its industry peers.
A Debt/Equity ratio of 0.27 indicates that SPFI is not too dependend on debt financing.
SPFI has a Debt to Equity ratio of 0.27. This is comparable to the rest of the industry: SPFI outperforms 44.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 2.05
Altman-Z N/A
ROIC/WACCN/A
WACC17.53%

2.3 Liquidity

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

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 12.38% over the past year.
SPFI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.59% yearly.
Looking at the last year, SPFI shows a small growth in Revenue. The Revenue has grown by 2.02% in the last year.
The Revenue has been growing by 8.19% on average over the past years. This is quite good.
EPS 1Y (TTM)12.38%
EPS 3Y13.54%
EPS 5Y16.59%
EPS growth Q2Q-14.08%
Revenue 1Y (TTM)2.02%
Revenue growth 3Y-0.74%
Revenue growth 5Y8.19%
Revenue growth Q2Q-9.58%

3.2 Future

SPFI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.81% yearly.
Based on estimates for the next years, SPFI will show a small growth in Revenue. The Revenue will grow by 2.66% on average per year.
EPS Next Y-32.07%
EPS Next 2Y-14.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.82%
Revenue Next 2Y2.66%
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.

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.48, the valuation of SPFI can be described as very cheap.
Based on the Price/Earnings ratio, SPFI is valued cheaper than 83.74% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.02. SPFI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.01, the valuation of SPFI can be described as reasonable.
SPFI's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.58. SPFI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 7.48
Fwd PE 11.01

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPFI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 8.28
EV/EBITDA N/A

4.3 Compensation for Growth

SPFI's earnings are expected to decrease with -14.81% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y-14.81%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

SPFI has a Yearly Dividend Yield of 2.11%.
SPFI's Dividend Yield is slightly below the industry average, which is at 3.76.
Compared to an average S&P500 Dividend Yield of 2.40, SPFI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.11%

5.2 History

SPFI has been paying a dividend for over 5 years, so it has already some track record.
SPFI has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4

5.3 Sustainability

SPFI pays out 13.94% of its income as dividend. This is a sustainable payout ratio.
DP13.94%
EPS Next 2Y-14.81%
EPS Next 3YN/A

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SOUTH PLAINS FINANCIAL INC

NASDAQ:SPFI (5/7/2024, 8:53:14 AM)

27.15

+0.03 (+0.11%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap446.07M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
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 7.48
Fwd PE 11.01
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)0.45
Profitability
Industry RankSector Rank
ROA 1.49%
ROE 15.41%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 28.65%
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 Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.27
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)12.38%
EPS 3Y13.54%
EPS 5Y
EPS growth Q2Q
EPS Next Y-32.07%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.02%
Revenue growth 3Y-0.74%
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