TERRITORIAL BANCORP INC (TBNK)
US88145X1081 - Common Stock
Overall TBNK gets a fundamental rating of 2 out of 10. We evaluated TBNK against 411 industry peers in the Banks industry. The financial health of TBNK is average, but there are quite some concerns on its profitability. TBNK is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year TBNK was profitable.
TBNK had a positive operating cash flow in the past year.
In the past 5 years TBNK has always been profitable.
In the past 5 years TBNK always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 0.22%, TBNK is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 1.99%, TBNK is doing worse than 90.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 1.99% | ||
| ROIC | N/A |
ROA(3y)0.59%
ROA(5y)0.74%
ROE(3y)5.01%
ROE(5y)6.28%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of TBNK (11.07%) is worse than 85.64% of its industry peers.
TBNK's Profit Margin has declined in the last couple of years.
TBNK 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) | 11.07% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-27.35%
PM growth 5Y-18.33%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
TBNK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TBNK has less shares outstanding
The number of shares outstanding for TBNK has been reduced compared to 5 years ago.
TBNK has a better debt/assets ratio than last year.
2.2 Solvency
TBNK has a debt to FCF ratio of 1.32. This is a very positive value and a sign of high solvency as it would only need 1.32 years to pay back of all of its debts.
TBNK's Debt to FCF ratio of 1.32 is fine compared to the rest of the industry. TBNK outperforms 70.56% of its industry peers.
TBNK has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.04, TBNK belongs to the best of the industry, outperforming 83.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 1.32 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.21%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
TBNK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -67.96%.
The earnings per share for TBNK have been decreasing by -22.32% on average. This is quite bad
Looking at the last year, TBNK shows a very negative growth in Revenue. The Revenue has decreased by -24.49% in the last year.
The Revenue has been decreasing by -6.44% on average over the past years.
EPS 1Y (TTM)-67.96%
EPS 3Y-34.03%
EPS 5Y-22.32%
EPS growth Q2Q-87.18%
Revenue 1Y (TTM)-24.49%
Revenue growth 3Y-11.18%
Revenue growth 5Y-6.44%
Revenue growth Q2Q-30.63%
3.2 Future
TBNK is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.70% yearly.
The Revenue is expected to decrease by -3.12% on average over the next years.
EPS Next Y-72.74%
EPS Next 2Y-6.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-15.97%
Revenue Next 2Y-3.12%
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 accelerating.
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
A Price/Earnings ratio of 12.31 indicates a correct valuation of TBNK.
70.56% of the companies in the same industry are cheaper than TBNK, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.20, TBNK is valued rather cheaply.
TBNK is valuated quite expensively with a Price/Forward Earnings ratio of 45.16.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TBNK indicates a slightly more expensive valuation: TBNK is more expensive than 79.32% of the companies listed in the same industry.
TBNK is valuated expensively when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.31 | ||
| Fwd PE | 45.16 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as TBNK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.33 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as TBNK's earnings are expected to decrease with -6.70% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.7%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TBNK has a Yearly Dividend Yield of 2.84%.
In the last 3 months the price of TBNK has falen by -35.56%. 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 3.86, TBNK is paying slightly less dividend.
TBNK's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
5.2 History
The dividend of TBNK decreases each year by -7.81%.
TBNK has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-7.81%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
TBNK pays out 128.50% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of TBNK has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP128.5%
EPS Next 2Y-6.7%
EPS Next 3YN/A
TERRITORIAL BANCORP INC
NASDAQ:TBNK (4/25/2024, 7:19:52 PM)
After market: 7.14 0 (0%)7.14
-0.13 (-1.79%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap63.05M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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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 | 12.31 | ||
| Fwd PE | 45.16 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 1.99% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 11.07% | ||
| 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 Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| 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)-67.96%
EPS 3Y-34.03%
EPS 5Y
EPS growth Q2Q
EPS Next Y-72.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-24.49%
Revenue growth 3Y-11.18%
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