SOUTHSTATE BANK CORP (SSB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SSB - US84472E1029 - Common Stock
100.56 USD
-0.01 (-0.01%)
101 USD
+0.44 (+0.44%)
We assign a fundamental rating of 3 out of 10 to SSB. SSB was compared to 383 industry peers in the Banks industry. SSB has a bad profitability rating. Also its financial health evaluation is rather negative. SSB is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year SSB was profitable.
- SSB had a positive operating cash flow in the past year.
- SSB had positive earnings in 4 of the past 5 years.
- SSB had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SSB has a better Return On Assets (1.05%) than 65.54% of its industry peers.
- SSB has a Return On Equity of 7.71%. This is in the lower half of the industry: SSB underperforms 60.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 7.71% | ||
| 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 28.44% is fine compared to the rest of the industry. SSB outperforms 71.28% of its industry peers.
- In the last couple of years the Profit Margin of SSB has grown nicely.
- SSB 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) | 28.44% | ||
| 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.
- There is no outstanding debt for SSB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- SSB has a debt to FCF ratio of 3.62. This is a good value and a sign of high solvency as SSB would need 3.62 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.62, SSB is doing worse than 64.75% of the companies in the same industry.
- SSB has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.14, SSB is in line with its industry, outperforming 56.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 3.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.33%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- SSB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.94%, which is quite impressive.
- SSB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.97% yearly.
EPS 1Y (TTM)31.94%
EPS 3Y10.3%
EPS 5Y14.97%
EPS Q2Q%27.98%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%52.53%
3.2 Future
- The Earnings Per Share is expected to grow by 4.34% on average over the next years.
- SSB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y-0.57%
EPS Next 2Y4.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.43%
Revenue Next 2Y4.96%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 10.59, the valuation of SSB can be described as reasonable.
- Based on the Price/Earnings ratio, SSB is valued a bit cheaper than the industry average as 79.11% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.32. SSB is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 10.65, the valuation of SSB can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SSB is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 24.32. SSB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 10.65 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, SSB is valued a bit more expensive than the industry average as 78.33% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.39 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.71
EPS Next 2Y4.34%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- SSB has a Yearly Dividend Yield of 2.39%.
- SSB's Dividend Yield is comparable with the industry average which is at 2.84.
- Compared to an average S&P500 Dividend Yield of 1.83, SSB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
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
- 30.58% 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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.58%
EPS Next 2Y4.34%
EPS Next 3YN/A
SOUTHSTATE BANK CORP / SSB FAQ
What is the ChartMill fundamental rating of SOUTHSTATE BANK CORP (SSB) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SSB.
What is the valuation status of SOUTHSTATE BANK CORP (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 4 / 10.
Can you provide the expected EPS growth for SSB stock?
The Earnings per Share (EPS) of SOUTHSTATE BANK CORP (SSB) is expected to decline by -0.57% in the next year.
How sustainable is the dividend of SOUTHSTATE BANK CORP (SSB) stock?
The dividend rating of SOUTHSTATE BANK CORP (SSB) is 7 / 10 and the dividend payout ratio is 30.58%.