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SOUTH PLAINS FINANCIAL INC (SPFI) Stock Fundamental Analysis

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

35.91  +0.71 (+2.02%)

After market: 35.91 0 (0%)

Fundamental Rating

4

Taking everything into account, SPFI scores 4 out of 10 in our fundamental rating. SPFI was compared to 395 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.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SPFI had positive earnings in the past year.
SPFI had a positive operating cash flow in the past year.
Each year in the past 5 years SPFI has been profitable.
SPFI had a positive operating cash flow in each of the past 5 years.
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

SPFI has a Return On Assets of 1.16%. This is in the better half of the industry: SPFI outperforms 77.22% of its industry peers.
The Return On Equity of SPFI (11.52%) is better than 80.76% of its industry peers.
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

SPFI's Profit Margin of 25.89% is fine compared to the rest of the industry. SPFI outperforms 64.05% of its industry peers.
SPFI's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for SPFI so they could not be analyzed.
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.
The debt/assets ratio for SPFI has been reduced compared to a year ago.
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

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.
SPFI has a Debt to FCF ratio (1.77) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.25 indicates that SPFI is not too dependend on debt financing.
The Debt to Equity ratio of SPFI (0.25) is worse than 64.81% of its industry peers.
Even though the debt/equity ratio score it not favorable for SPFI, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.77
Altman-Z N/A
ROIC/WACCN/A
WACC18.14%
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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4

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%.
Measured over the past years, SPFI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.56% on average per year.
Looking at the last year, SPFI shows a very negative growth in Revenue. The Revenue has decreased by -10.51% 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)-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.
Based on estimates for the next years, SPFI will show a small growth in Revenue. The Revenue will grow by 6.88% on average per year.
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

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 11.97 indicates a reasonable valuation of SPFI.
Compared to the rest of the industry, the Price/Earnings ratio of SPFI is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SPFI to the average of the S&P500 Index (26.65), we can say SPFI is valued rather cheaply.
A Price/Forward Earnings ratio of 10.47 indicates a reasonable valuation of SPFI.
SPFI's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.27. SPFI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.97
Fwd PE 10.47
SPFI Price Earnings VS Forward Price EarningsSPFI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SPFI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPFI is cheaper than 63.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.35
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

SPFI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.36
PEG (5Y)1.04
EPS Next 2Y8.38%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

SPFI has a Yearly Dividend Yield of 1.72%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.61, SPFI is paying slightly less dividend.
SPFI's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
Industry RankSector Rank
Dividend Yield 1.72%

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

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
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 (6/23/2025, 6:05:57 PM)

After market: 35.91 0 (0%)

35.91

+0.71 (+2.02%)

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 Owners40.16%
Inst Owner Change1.65%
Ins Owners14.97%
Ins Owner Change-17.7%
Market Cap582.82M
Analysts82
Price Target43.35 (20.72%)
Short Float %0.75%
Short Ratio2.91
Dividend
Industry RankSector Rank
Dividend Yield 1.72%
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%
PT rev (3m)-2.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.82%
EPS NY rev (1m)0%
EPS NY rev (3m)7.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.15%
Valuation
Industry RankSector Rank
PE 11.97
Fwd PE 10.47
P/S 2.95
P/FCF 9.35
P/OCF 8.79
P/B 1.31
P/tB 1.46
EV/EBITDA N/A
EPS(TTM)3
EY8.35%
EPS(NY)3.43
Fwd EY9.55%
FCF(TTM)3.84
FCFY10.69%
OCF(TTM)4.09
OCFY11.38%
SpS12.17
BVpS27.34
TBVpS24.52
PEG (NY)1.36
PEG (5Y)1.04
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
WACC18.14%
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%