SOUTHSTATE BANK CORP (SSB) Stock Fundamental Analysis
USA - NYSE:SSB - US8404411097 - Common Stock
101.25 USD
-0.95 (-0.93%)
101.25 USD
0 (0%)
Overall SSB gets a fundamental rating of 4 out of 10. We evaluated SSB against 392 industry peers in the Banks industry. Both the profitability and financial health of SSB have multiple concerns. SSB is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
SSB had positive earnings in the past year.
SSB had a positive operating cash flow in the past year.
In the past 5 years SSB has always been profitable.
In the past 5 years SSB always reported a positive cash flow from operatings.
1.2 Ratios
SSB has a Return On Assets (0.90%) which is in line with its industry peers.
SSB has a worse Return On Equity (6.72%) than 65.82% 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's Profit Margin of 27.24% is fine compared to the rest of the industry. SSB outperforms 70.41% of its industry peers.
In the last couple of years the Profit Margin of SSB has grown nicely.
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.
The number of shares outstanding for SSB has been increased compared to 5 years ago.
Compared to 1 year ago, SSB has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of SSB is 19662.10, which is on the high side as it means it would take SSB, 19662.10 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SSB (19662.10) is worse than 85.20% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that SSB is not too dependend on debt financing.
SSB has a Debt to Equity ratio (0.20) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 19662.1 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.1%
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 24.32% 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 28.61%.
The Revenue has been growing by 21.53% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)24.32%
EPS 3Y-1.66%
EPS 5Y5.04%
EPS Q2Q%28.49%
Revenue 1Y (TTM)28.61%
Revenue growth 3Y7.38%
Revenue growth 5Y21.53%
Sales Q2Q%56.24%
3.2 Future
The Earnings Per Share is expected to grow by 13.39% on average over the next years. This is quite good.
The Revenue is expected to grow by 19.36% on average over the next years. This is quite good.
EPS Next Y24.72%
EPS Next 2Y14.8%
EPS Next 3Y13.39%
EPS Next 5YN/A
Revenue Next Year54.07%
Revenue Next 2Y27.27%
Revenue Next 3Y19.36%
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
The Price/Earnings ratio is 12.23, which indicates a correct valuation of SSB.
Compared to the rest of the industry, the Price/Earnings ratio of SSB is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SSB to the average of the S&P500 Index (27.30), we can say SSB is valued rather cheaply.
SSB is valuated reasonably with a Price/Forward Earnings ratio of 10.67.
SSB's Price/Forward Earnings is on the same level as the industry average.
SSB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 10.67 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SSB is valued expensively inside the industry as 83.42% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 116449.05 | ||
| 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 13.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)2.43
EPS Next 2Y14.8%
EPS Next 3Y13.39%
5. Dividend
5.1 Amount
SSB has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
SSB's Dividend Yield is slightly below the industry average, which is at 3.73.
SSB's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
SSB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP32.64%
EPS Next 2Y14.8%
EPS Next 3Y13.39%
101.25
-0.95 (-0.93%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners89.05%
Inst Owner Change-1.51%
Ins Owners0.95%
Ins Owner Change-2.76%
Market Cap10.25B
Analysts82.5
Price Target118.41 (16.95%)
Short Float %2.88%
Short Ratio2.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
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)0.94%
PT rev (3m)3.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.51%
EPS NY rev (1m)4.13%
EPS NY rev (3m)3.96%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 10.67 | ||
| P/S | 4.72 | ||
| P/FCF | 116449.05 | ||
| P/OCF | 190.37 | ||
| P/B | 1.16 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.28
EY8.18%
EPS(NY)9.49
Fwd EY9.37%
FCF(TTM)0
FCFY0%
OCF(TTM)0.53
OCFY0.53%
SpS21.46
BVpS86.96
TBVpS51.26
PEG (NY)0.49
PEG (5Y)2.43
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
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-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
WACC13.1%
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)24.32%
EPS 3Y-1.66%
EPS 5Y5.04%
EPS Q2Q%28.49%
EPS Next Y24.72%
EPS Next 2Y14.8%
EPS Next 3Y13.39%
EPS Next 5YN/A
Revenue 1Y (TTM)28.61%
Revenue growth 3Y7.38%
Revenue growth 5Y21.53%
Sales Q2Q%56.24%
Revenue Next Year54.07%
Revenue Next 2Y27.27%
Revenue Next 3Y19.36%
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%