SUMMIT STATE BANK (SSBI)
US8662642037 - Common Stock
SSBI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 industry peers in the Banks industry. Both the profitability and financial health of SSBI have multiple concerns. SSBI has a expensive valuation and it also scores bad on growth. Finally SSBI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SSBI had positive earnings in the past year.
SSBI had a negative operating cash flow in the past year.
In the past 5 years SSBI has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: SSBI reported negative operating cash flow in multiple years.
1.2 Ratios
SSBI's Return On Assets of 0.96% is fine compared to the rest of the industry. SSBI outperforms 60.19% of its industry peers.
SSBI has a better Return On Equity (11.09%) than 70.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 11.09% | ||
| ROIC | N/A |
ROA(3y)1.34%
ROA(5y)1.23%
ROE(3y)15.89%
ROE(5y)14.24%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SSBI has a better Profit Margin (26.64%) than 65.05% of its industry peers.
In the last couple of years the Profit Margin of SSBI has grown nicely.
SSBI 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) | 26.64% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.24%
PM growth 5Y1.79%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SSBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SSBI has been increased compared to 1 year ago.
The number of shares outstanding for SSBI has been increased compared to 5 years ago.
Compared to 1 year ago, SSBI has an improved debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 0.06 indicates that SSBI is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.06, SSBI belongs to the best of the industry, outperforming 81.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC26.78%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for SSBI have decreased strongly by -35.91% in the last year.
The Earnings Per Share has been growing by 13.12% on average over the past years. This is quite good.
The Revenue for SSBI has decreased by -18.54% in the past year. This is quite bad
Measured over the past years, SSBI shows a quite strong growth in Revenue. The Revenue has been growing by 11.19% on average per year.
EPS 1Y (TTM)-35.91%
EPS 3Y0.96%
EPS 5Y13.12%
EPS growth Q2Q-58.35%
Revenue 1Y (TTM)-18.54%
Revenue growth 3Y5.42%
Revenue growth 5Y11.19%
Revenue growth Q2Q-39.28%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.63, the valuation of SSBI can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of SSBI indicates a rather cheap valuation: SSBI is cheaper than 93.45% of the companies listed in the same industry.
SSBI is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.11%, SSBI is a good candidate for dividend investing.
In the last 3 months the price of SSBI has falen by -20.73%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.81, SSBI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, SSBI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
5.2 History
The dividend of SSBI is nicely growing with an annual growth rate of 6.87%!
SSBI has been paying a dividend for at least 10 years, so it has a reliable track record.
SSBI has decreased its dividend recently.
Dividend Growth(5Y)6.87%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SSBI pays out 30.02% of its income as dividend. This is a sustainable payout ratio.
The dividend of SSBI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.02%
EPS Next 2YN/A
EPS Next 3YN/A
SUMMIT STATE BANK
NASDAQ:SSBI (5/3/2024, 7:19:46 PM)
9.18
-0.21 (-2.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap61.23M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 11.09% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 26.64% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-35.91%
EPS 3Y0.96%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-18.54%
Revenue growth 3Y5.42%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y