SPFI Fundamental Analysis - SOUTH PLAINS FINANCIAL INC

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to SPFI. SPFI was compared to 396 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 has a decent growth rate and is not valued too expensively.

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1. Profitability

1.1 Basic Checks

In the past year SPFI was profitable.

SPFI had a positive operating cash flow in the past year.

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

SPFI has a better Return On Assets (1.16%) than 77.53% of its industry peers.

SPFI has a Return On Equity of 11.52%. This is amongst the best in the industry. SPFI outperforms 80.56% of its industry peers.

		Industry Rank	Sector 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

1.3 Margins

SPFI's Profit Margin of 25.89% is fine compared to the rest of the industry. SPFI outperforms 64.39% of its industry peers.

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 Rank	Sector 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

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ROA

ROE

ROIC

Operating and Profit Margin

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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 more shares outstanding

SPFI has less shares outstanding than it did 5 years ago.

The debt/assets ratio for SPFI has been reduced compared to a year ago.

2.2 Solvency

The Debt to FCF ratio of SPFI is 1.77, which is an excellent value as it means it would take SPFI, only 1.77 years of fcf income to pay off all of its debts.

With a Debt to FCF ratio value of 1.77, SPFI perfoms like the industry average, outperforming 54.04% 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.

The Debt to Equity ratio of SPFI (0.25) is worse than 64.65% 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 Rank	Sector Rank
Debt/Equity	0.25
Debt/FCF	1.77
Altman-Z	N/A

ROIC/WACCN/A

WACC18.25%

2.3 Liquidity

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

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

SPFI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.79%.

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 very negative growth in Revenue. The Revenue has decreased by -10.51% in the last year.

The Revenue has been growing slightly by 3.90% on average over the past years.

EPS 1Y (TTM)-19.79%

EPS 3Y-2.7%

EPS 5Y11.56%

EPS Q2Q%12.5%

Revenue 1Y (TTM)-10.51%

Revenue growth 3Y-3.81%

Revenue growth 5Y3.9%

Sales Q2Q%5.08%

3.2 Future

The Earnings Per Share is expected to grow by 8.38% on average over the next years. This is quite good.

The Revenue is expected to grow by 6.88% on average over the next years.

EPS Next Y8.81%

EPS Next 2Y8.38%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year8.02%

Revenue Next 2Y6.88%

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.89, which indicates a very decent valuation of SPFI.

The rest of the industry has a similar Price/Earnings ratio as SPFI.

When comparing the Price/Earnings ratio of SPFI to the average of the S&P500 Index (26.29), we can say SPFI is valued rather cheaply.

The Price/Forward Earnings ratio is 10.40, which indicates a very decent valuation of SPFI.

The rest of the industry has a similar Price/Forward Earnings ratio as SPFI.

SPFI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.17, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	11.89
Fwd PE	10.4

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SPFI is valued a bit cheaper than 63.38% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	9.29
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)1.35

PEG (5Y)1.03

EPS Next 2Y8.38%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

SPFI has a Yearly Dividend Yield of 1.66%. Purely for dividend investing, there may be better candidates out there.

Compared to an average industry Dividend Yield of 3.46, SPFI is paying slightly less dividend.

Compared to the average S&P500 Dividend Yield of 2.38, SPFI is paying slightly less dividend.

		Industry Rank	Sector Rank
Dividend Yield	1.66%

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

5.3 Sustainability

18.57% of the earnings are spent on dividend by SPFI. This is a low number and sustainable payout ratio.

DP18.57%

EPS Next 2Y8.38%

EPS Next 3YN/A

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SOUTH PLAINS FINANCIAL INC

NASDAQ:SPFI (6/3/2025, 4:04:09 PM)

After market: 35.67 0 (0%)

35.67

+0.2 (+0.56%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)04-24 2025-04-24/amc

Earnings (Next)07-16 2025-07-16/amc

Inst Owners39.33%

Inst Owner Change1.65%

Ins Owners16.32%

Ins Owner Change-17.7%

Market Cap578.92M

Analysts82

Price Target43.35 (21.53%)

Short Float %0.67%

Short Ratio2.15

Dividend

		Industry Rank	Sector Rank
Dividend Yield	1.66%

Yearly Dividend0.56

Dividend Growth(5Y)N/A

DP18.57%

Div Incr Years5

Div Non Decr Years5

Ex-Date04-28 2025-04-28 (0.15)

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)-0.58%

PT rev (3m)-2.86%

EPS NQ rev (1m)0%

EPS NQ rev (3m)9.82%

EPS NY rev (1m)7.41%

EPS NY rev (3m)7.41%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)2.32%

Revenue NY rev (1m)2.15%

Revenue NY rev (3m)2.15%

Valuation

		Industry Rank	Sector Rank
PE	11.89
Fwd PE	10.4
P/S	2.93
P/FCF	9.29
P/OCF	8.73
P/B	1.3
P/tB	1.45
EV/EBITDA	N/A

EPS(TTM)3

EY8.41%

EPS(NY)3.43

Fwd EY9.62%

FCF(TTM)3.84

FCFY10.76%

OCF(TTM)4.09

OCFY11.46%

SpS12.17

BVpS27.34

TBVpS24.52

PEG (NY)1.35

PEG (5Y)1.03

Profitability

		Industry Rank	Sector 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 Rank	Sector 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

WACC18.25%

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)-19.79%

EPS 3Y-2.7%

EPS 5Y11.56%

EPS Q2Q%12.5%

EPS Next Y8.81%

EPS Next 2Y8.38%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-10.51%

Revenue growth 3Y-3.81%

Revenue growth 5Y3.9%

Sales Q2Q%5.08%

Revenue Next Year8.02%

Revenue Next 2Y6.88%

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%

SOUTH PLAINS FINANCIAL INC (SPFI) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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