SOUTHSTATE BANK CORP (SSB) Stock Fundamental Analysis
USA - NYSE:SSB - US8404411097 - Common Stock
87.85 USD
+0.3 (+0.34%)
87.85 USD
0 (0%)
Taking everything into account, SSB scores 4 out of 10 in our fundamental rating. SSB was compared to 388 industry peers in the Banks industry. SSB may be in some trouble as it scores bad on both profitability and health. SSB is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year SSB was profitable.
In the past year SSB had a positive cash flow from operations.
Each year in the past 5 years SSB has been profitable.
Each year in the past 5 years SSB had a positive operating cash flow.
1.2 Ratios
SSB's Return On Assets of 0.90% is in line compared to the rest of the industry. SSB outperforms 52.82% of its industry peers.
SSB's Return On Equity of 6.72% is on the low side compared to the rest of the industry. SSB is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.9% | ||
| ROE | 6.72% | ||
| ROIC | N/A |
ROA(3y)1.13%
ROA(5y)0.97%
ROE(3y)9.26%
ROE(5y)8.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SSB has a better Profit Margin (27.24%) than 70.00% of its industry peers.
SSB's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for SSB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.24% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.15%
PM growth 5Y1.58%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SSB does not have a ROIC to compare to the WACC, probably because it is not profitable.
SSB has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SSB has more shares outstanding
The debt/assets ratio for SSB has been reduced compared to a year ago.
2.2 Solvency
SSB has a debt to FCF ratio of 19662.10. This is a negative value and a sign of low solvency as SSB would need 19662.10 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 19662.10, SSB is doing worse than 86.67% of the companies in the same industry.
SSB has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
SSB has a Debt to Equity ratio of 0.20. This is comparable to the rest of the industry: SSB outperforms 43.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 19662.1 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.75%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.11% over the past year.
The Earnings Per Share has been growing slightly by 5.04% on average over the past years.
Looking at the last year, SSB shows a very strong growth in Revenue. The Revenue has grown by 44.89%.
Measured over the past years, SSB shows a very strong growth in Revenue. The Revenue has been growing by 21.53% on average per year.
EPS 1Y (TTM)29.11%
EPS 3Y-1.66%
EPS 5Y5.04%
EPS Q2Q%35.79%
Revenue 1Y (TTM)44.89%
Revenue growth 3Y7.38%
Revenue growth 5Y21.53%
Sales Q2Q%63.87%
3.2 Future
Based on estimates for the next years, SSB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.66% on average per year.
SSB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.74% yearly.
EPS Next Y30.31%
EPS Next 2Y14.67%
EPS Next 3Y12.66%
EPS Next 5YN/A
Revenue Next Year56.16%
Revenue Next 2Y27.29%
Revenue Next 3Y19.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
SSB is valuated reasonably with a Price/Earnings ratio of 9.80.
Based on the Price/Earnings ratio, SSB is valued a bit cheaper than the industry average as 75.13% of the companies are valued more expensively.
SSB is valuated cheaply when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.28 indicates a reasonable valuation of SSB.
SSB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SSB is cheaper than 61.03% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.73. SSB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.8 | ||
| Fwd PE | 9.28 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SSB is valued more expensive than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 101037.52 | ||
| 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.
SSB's earnings are expected to grow with 12.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)1.94
EPS Next 2Y14.67%
EPS Next 3Y12.66%
5. Dividend
5.1 Amount
SSB has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
SSB's Dividend Yield is comparable with the industry average which is at 3.38.
Compared to an average S&P500 Dividend Yield of 2.37, SSB has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
The dividend of SSB has a limited annual growth rate of 5.34%.
SSB has paid a dividend for at least 10 years, which is a reliable track record.
SSB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.34%
Div Incr Years13
Div Non Decr Years27
5.3 Sustainability
32.64% of the earnings are spent on dividend by SSB. This is a low number and sustainable payout ratio.
The dividend of SSB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.64%
EPS Next 2Y14.67%
EPS Next 3Y12.66%
87.85
+0.3 (+0.34%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.27%
Inst Owner Change0.08%
Ins Owners0.95%
Ins Owner Change-2.06%
Market Cap8.89B
Revenue(TTM)2.44B
Net Income(TTM)591.66M
Analysts82.35
Price Target117.73 (34.01%)
Short Float %3.11%
Short Ratio4.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend2.14
Dividend Growth(5Y)5.34%
DP32.64%
Div Incr Years13
Div Non Decr Years27
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.63%
Min EPS beat(2)13.56%
Max EPS beat(2)37.71%
EPS beat(4)4
Avg EPS beat(4)19.42%
Min EPS beat(4)11.85%
Max EPS beat(4)37.71%
EPS beat(8)7
Avg EPS beat(8)12.42%
EPS beat(12)8
Avg EPS beat(12)6.76%
EPS beat(16)12
Avg EPS beat(16)9%
Revenue beat(2)2
Avg Revenue beat(2)1.95%
Min Revenue beat(2)1.91%
Max Revenue beat(2)1.99%
Revenue beat(4)3
Avg Revenue beat(4)1.21%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)2.6%
Revenue beat(8)4
Avg Revenue beat(8)0.42%
Revenue beat(12)8
Avg Revenue beat(12)0.64%
Revenue beat(16)10
Avg Revenue beat(16)0.53%
PT rev (1m)-1.28%
PT rev (3m)0.37%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)0.33%
EPS NY rev (1m)4.48%
EPS NY rev (3m)8.79%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.8 | ||
| Fwd PE | 9.28 | ||
| P/S | 4.09 | ||
| P/FCF | 101037.52 | ||
| P/OCF | 165.18 | ||
| P/B | 1.01 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.96
EY10.2%
EPS(NY)9.47
Fwd EY10.78%
FCF(TTM)0
FCFY0%
OCF(TTM)0.53
OCFY0.61%
SpS21.46
BVpS86.96
TBVpS51.26
PEG (NY)0.32
PEG (5Y)1.94
Graham Number132.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.9% | ||
| ROE | 6.72% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.24% | ||
| GM | N/A | ||
| FCFM | 0% |
ROA(3y)1.13%
ROA(5y)0.97%
ROE(3y)9.26%
ROE(5y)8.06%
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-3.15%
PM growth 5Y1.58%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 19662.1 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 51.74% | ||
| Cap/Sales | 2.47% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 0.01% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC13.75%
ROIC/WACCN/A
Cap/Depr(3y)52.22%
Cap/Depr(5y)47.62%
Cap/Sales(3y)1.8%
Cap/Sales(5y)1.79%
Profit Quality(3y)179.06%
Profit Quality(5y)209.96%
High Growth Momentum
Growth
EPS 1Y (TTM)29.11%
EPS 3Y-1.66%
EPS 5Y5.04%
EPS Q2Q%35.79%
EPS Next Y30.31%
EPS Next 2Y14.67%
EPS Next 3Y12.66%
EPS Next 5YN/A
Revenue 1Y (TTM)44.89%
Revenue growth 3Y7.38%
Revenue growth 5Y21.53%
Sales Q2Q%63.87%
Revenue Next Year56.16%
Revenue Next 2Y27.29%
Revenue Next 3Y19.74%
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-99.99%
FCF growth 3Y7.13%
FCF growth 5Y23.58%
OCF growth 1Y-95.26%
OCF growth 3Y7.19%
OCF growth 5Y23.12%
SOUTHSTATE BANK CORP / SSB FAQ
What is the ChartMill fundamental rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SSB.
What is the valuation status for SSB stock?
ChartMill assigns a valuation rating of 5 / 10 to SOUTHSTATE BANK CORP (SSB). This can be considered as Fairly Valued.
How profitable is SOUTHSTATE BANK CORP (SSB) stock?
SOUTHSTATE BANK CORP (SSB) has a profitability rating of 3 / 10.
What are the PE and PB ratios of SOUTHSTATE BANK CORP (SSB) stock?
The Price/Earnings (PE) ratio for SOUTHSTATE BANK CORP (SSB) is 9.8 and the Price/Book (PB) ratio is 1.01.
Can you provide the dividend sustainability for SSB stock?
The dividend rating of SOUTHSTATE BANK CORP (SSB) is 6 / 10 and the dividend payout ratio is 32.64%.