1ST SOURCE CORP (SRCE) Stock Fundamental Analysis
USA - NASDAQ:SRCE - US3369011032 - Common Stock
61.02 USD
+2.14 (+3.63%)
61.02 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to SRCE. SRCE was compared to 390 industry peers in the Banks industry. While SRCE is still in line with the averages on profitability rating, there are concerns on its financial health. SRCE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SRCE had positive earnings in the past year.
SRCE had a positive operating cash flow in the past year.
Each year in the past 5 years SRCE has been profitable.
In the past 5 years SRCE always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 1.54%, SRCE belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
SRCE has a better Return On Equity (11.68%) than 79.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 11.68% | ||
| ROIC | N/A |
ROA(3y)1.44%
ROA(5y)1.38%
ROE(3y)12.72%
ROE(5y)12.02%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 34.31%, SRCE belongs to the best of the industry, outperforming 90.51% of the companies in the same industry.
SRCE's Profit Margin has improved in the last couple of years.
SRCE 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) | 34.31% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.95%
PM growth 5Y3.83%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SRCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SRCE has been increased compared to 1 year ago.
SRCE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SRCE has a worse debt to assets ratio.
2.2 Solvency
SRCE has a debt to FCF ratio of 1.02. This is a very positive value and a sign of high solvency as it would only need 1.02 years to pay back of all of its debts.
SRCE has a better Debt to FCF ratio (1.02) than 67.95% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that SRCE is not too dependend on debt financing.
SRCE's Debt to Equity ratio of 0.18 is in line compared to the rest of the industry. SRCE outperforms 51.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.02 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.68%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
SRCE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.69%, which is quite good.
Measured over the past years, SRCE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.41% on average per year.
The Revenue has been growing slightly by 4.83% in the past year.
Measured over the past years, SRCE shows a small growth in Revenue. The Revenue has been growing by 3.56% on average per year.
EPS 1Y (TTM)14.69%
EPS 3Y4.55%
EPS 5Y8.41%
EPS Q2Q%21.28%
Revenue 1Y (TTM)4.83%
Revenue growth 3Y4.76%
Revenue growth 5Y3.56%
Sales Q2Q%12.99%
3.2 Future
SRCE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.40% yearly.
The Revenue is expected to grow by 6.71% on average over the next years.
EPS Next Y18.3%
EPS Next 2Y9.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.8%
Revenue Next 2Y6.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
SRCE is valuated reasonably with a Price/Earnings ratio of 10.15.
73.33% of the companies in the same industry are more expensive than SRCE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.89, SRCE is valued rather cheaply.
The Price/Forward Earnings ratio is 9.51, which indicates a very decent valuation of SRCE.
The rest of the industry has a similar Price/Forward Earnings ratio as SRCE.
SRCE is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.15 | ||
| Fwd PE | 9.51 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SRCE is valued cheaply inside the industry as 85.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.27 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.55
PEG (5Y)1.21
EPS Next 2Y9.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.62%, SRCE has a reasonable but not impressive dividend return.
SRCE's Dividend Yield is comparable with the industry average which is at 3.53.
SRCE's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
The dividend of SRCE has a limited annual growth rate of 5.05%.
SRCE has been paying a dividend for at least 10 years, so it has a reliable track record.
SRCE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.05%
Div Incr Years26
Div Non Decr Years26
5.3 Sustainability
26.39% of the earnings are spent on dividend by SRCE. This is a low number and sustainable payout ratio.
SRCE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.39%
EPS Next 2Y9.4%
EPS Next 3YN/A
61.02
+2.14 (+3.63%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.65%
Inst Owner Change0.06%
Ins Owners26.03%
Ins Owner Change0.52%
Market Cap1.50B
Revenue(TTM)387.12M
Net Income(TTM)139.99M
Analysts77.78
Price Target73.44 (20.35%)
Short Float %1.05%
Short Ratio2.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
Yearly Dividend1.45
Dividend Growth(5Y)5.05%
DP26.39%
Div Incr Years26
Div Non Decr Years26
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.53%
Min EPS beat(2)0.5%
Max EPS beat(2)8.56%
EPS beat(4)3
Avg EPS beat(4)1.52%
Min EPS beat(4)-6.41%
Max EPS beat(4)8.56%
EPS beat(8)6
Avg EPS beat(8)5.48%
EPS beat(12)8
Avg EPS beat(12)5.32%
EPS beat(16)11
Avg EPS beat(16)6.06%
Revenue beat(2)2
Avg Revenue beat(2)1.15%
Min Revenue beat(2)1.01%
Max Revenue beat(2)1.28%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)1.28%
Revenue beat(8)4
Avg Revenue beat(8)-0.1%
Revenue beat(12)5
Avg Revenue beat(12)-0.46%
Revenue beat(16)6
Avg Revenue beat(16)-0.43%
PT rev (1m)0%
PT rev (3m)4.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.57%
EPS NY rev (1m)0%
EPS NY rev (3m)4.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.6%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.15 | ||
| Fwd PE | 9.51 | ||
| P/S | 3.67 | ||
| P/FCF | 7.27 | ||
| P/OCF | 6.85 | ||
| P/B | 1.25 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | N/A |
EPS(TTM)6.01
EY9.85%
EPS(NY)6.42
Fwd EY10.51%
FCF(TTM)8.39
FCFY13.76%
OCF(TTM)8.91
OCFY14.6%
SpS16.63
BVpS48.84
TBVpS45.42
PEG (NY)0.55
PEG (5Y)1.21
Graham Number81.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 11.68% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 34.31% | ||
| GM | N/A | ||
| FCFM | 50.48% |
ROA(3y)1.44%
ROA(5y)1.38%
ROE(3y)12.72%
ROE(5y)12.02%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-0.95%
PM growth 5Y3.83%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.02 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 144.53% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 147.16% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC7.68%
ROIC/WACCN/A
Cap/Depr(3y)65.39%
Cap/Depr(5y)44.06%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.45%
Profit Quality(3y)143.34%
Profit Quality(5y)151.36%
High Growth Momentum
Growth
EPS 1Y (TTM)14.69%
EPS 3Y4.55%
EPS 5Y8.41%
EPS Q2Q%21.28%
EPS Next Y18.3%
EPS Next 2Y9.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.83%
Revenue growth 3Y4.76%
Revenue growth 5Y3.56%
Sales Q2Q%12.99%
Revenue Next Year11.8%
Revenue Next 2Y6.71%
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 1Y10.34%
FCF growth 3Y3.46%
FCF growth 5Y3.33%
OCF growth 1Y14.97%
OCF growth 3Y5.14%
OCF growth 5Y3.33%
1ST SOURCE CORP / SRCE FAQ
What is the fundamental rating for SRCE stock?
ChartMill assigns a fundamental rating of 5 / 10 to SRCE.
What is the valuation status of 1ST SOURCE CORP (SRCE) stock?
ChartMill assigns a valuation rating of 6 / 10 to 1ST SOURCE CORP (SRCE). This can be considered as Fairly Valued.
How profitable is 1ST SOURCE CORP (SRCE) stock?
1ST SOURCE CORP (SRCE) has a profitability rating of 5 / 10.
How financially healthy is 1ST SOURCE CORP?
The financial health rating of 1ST SOURCE CORP (SRCE) is 3 / 10.
What is the expected EPS growth for 1ST SOURCE CORP (SRCE) stock?
The Earnings per Share (EPS) of 1ST SOURCE CORP (SRCE) is expected to grow by 18.3% in the next year.