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SOUTH PLAINS FINANCIAL INC (SPFI) Stock Fundamental Analysis

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

33.69  -0.15 (-0.44%)

After market: 33.69 0 (0%)

Fundamental Rating

3

Taking everything into account, SPFI scores 3 out of 10 in our fundamental rating. SPFI was compared to 397 industry peers in the Banks industry. SPFI has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPFI has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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4

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.
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

Looking at the Return On Assets, with a value of 1.17%, SPFI is in the better half of the industry, outperforming 76.57% of the companies in the same industry.
With a decent Return On Equity value of 11.33%, SPFI is doing good in the industry, outperforming 78.34% of the companies in the same industry.
Industry RankSector Rank
ROA 1.17%
ROE 11.33%
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 has a Profit Margin of 25.47%. This is in the better half of the industry: SPFI outperforms 63.98% of its industry peers.
In the last couple of years the Profit Margin of SPFI has grown nicely.
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) 25.47%
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.
Compared to 1 year ago, SPFI has more 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.
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 1.97, which is an excellent value as it means it would take SPFI, only 1.97 years of fcf income to pay off all of its debts.
SPFI has a Debt to FCF ratio (1.97) which is in line with its industry peers.
SPFI has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.25, SPFI is doing worse than 62.72% of the companies in the same industry.
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 1.97
Altman-Z N/A
ROIC/WACCN/A
WACC18.61%
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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3

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 -10.87% 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)-10.87%
Revenue growth 3Y-3.81%
Revenue growth 5Y3.9%
Sales Q2Q%5.07%

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 6.63% on average per year.
The Revenue is expected to grow by 6.48% on average over the next years.
EPS Next Y1.3%
EPS Next 2Y6.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.74%
Revenue Next 2Y6.48%
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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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.23, which indicates a very decent valuation of SPFI.
The rest of the industry has a similar Price/Earnings ratio as SPFI.
SPFI is valuated cheaply when we compare the Price/Earnings ratio to 24.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.15, 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 20.42. SPFI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.23
Fwd PE 10.15
SPFI Price Earnings VS Forward Price EarningsSPFI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SPFI is valued a bit cheaper than 64.23% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.77
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SPFI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)8.63
PEG (5Y)0.97
EPS Next 2Y6.63%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

SPFI has a Yearly Dividend Yield of 1.78%.
SPFI's Dividend Yield is slightly below the industry average, which is at 3.49.
Compared to the average S&P500 Dividend Yield of 2.43, 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 18.41% of its income as dividend. This is a sustainable payout ratio.
DP18.41%
EPS Next 2Y6.63%
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 (5/6/2025, 8:00:02 PM)

After market: 33.69 0 (0%)

33.69

-0.15 (-0.44%)

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 Change-1.45%
Ins Owners16.32%
Ins Owner Change-17.08%
Market Cap547.13M
Analysts82
Price Target43.61 (29.44%)
Short Float %0.6%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield 1.78%
Yearly Dividend0.56
Dividend Growth(5Y)N/A
DP18.41%
Div Incr Years5
Div Non Decr Years5
Ex-Date04-28 2025-04-28 (0.15)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.74%
Min EPS beat(2)-1.96%
Max EPS beat(2)39.43%
EPS beat(4)3
Avg EPS beat(4)14.3%
Min EPS beat(4)-1.96%
Max EPS beat(4)39.43%
EPS beat(8)5
Avg EPS beat(8)29.41%
EPS beat(12)9
Avg EPS beat(12)32.29%
EPS beat(16)13
Avg EPS beat(16)27.63%
Revenue beat(2)1
Avg Revenue beat(2)-0.52%
Min Revenue beat(2)-4.46%
Max Revenue beat(2)3.43%
Revenue beat(4)3
Avg Revenue beat(4)0.56%
Min Revenue beat(4)-4.46%
Max Revenue beat(4)3.43%
Revenue beat(8)4
Avg Revenue beat(8)7.19%
Revenue beat(12)7
Avg Revenue beat(12)6.08%
Revenue beat(16)9
Avg Revenue beat(16)4.81%
PT rev (1m)-2.29%
PT rev (3m)-2.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
Industry RankSector Rank
PE 11.23
Fwd PE 10.15
P/S 2.8
P/FCF 9.77
P/OCF 9.21
P/B 1.25
P/tB 1.4
EV/EBITDA N/A
EPS(TTM)3
EY8.9%
EPS(NY)3.32
Fwd EY9.85%
FCF(TTM)3.45
FCFY10.24%
OCF(TTM)3.66
OCFY10.85%
SpS12.02
BVpS27.03
TBVpS24.11
PEG (NY)8.63
PEG (5Y)0.97
Profitability
Industry RankSector Rank
ROA 1.17%
ROE 11.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.47%
GM N/A
FCFM 28.71%
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 Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.25
Debt/FCF 1.97
Debt/EBITDA N/A
Cap/Depr 51.52%
Cap/Sales 1.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 112.69%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC18.61%
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 Y1.3%
EPS Next 2Y6.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.87%
Revenue growth 3Y-3.81%
Revenue growth 5Y3.9%
Sales Q2Q%5.07%
Revenue Next Year5.74%
Revenue Next 2Y6.48%
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 1Y4.03%
FCF growth 3Y-15.66%
FCF growth 5Y16.15%
OCF growth 1Y1.44%
OCF growth 3Y-14.88%
OCF growth 5Y14.25%