TRICO BANCSHARES (TCBK)
US8960951064 - Common Stock
Taking everything into account, TCBK scores 3 out of 10 in our fundamental rating. TCBK was compared to 411 industry peers in the Banks industry. There are concerns on the financial health of TCBK while its profitability can be described as average. TCBK has a valuation in line with the averages, but it does not seem to be growing. TCBK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year TCBK was profitable.
TCBK had a positive operating cash flow in the past year.
TCBK had positive earnings in each of the past 5 years.
Each year in the past 5 years TCBK had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 1.18%, TCBK is doing good in the industry, outperforming 75.91% of the companies in the same industry.
With a Return On Equity value of 10.12%, TCBK perfoms like the industry average, outperforming 58.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 10.12% | ||
| ROIC | N/A |
ROA(3y)1.27%
ROA(5y)1.22%
ROE(3y)11.29%
ROE(5y)10.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 28.08%, TCBK is doing good in the industry, outperforming 69.34% of the companies in the same industry.
TCBK's Profit Margin has improved in the last couple of years.
TCBK 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) | 28.08% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y10.68%
PM growth 5Y1.68%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
TCBK does not have a ROIC to compare to the WACC, probably because it is not profitable.
TCBK has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TCBK has more shares outstanding
TCBK has a worse debt/assets ratio than last year.
2.2 Solvency
TCBK has a debt to FCF ratio of 5.48. This is a neutral value as TCBK would need 5.48 years to pay back of all of its debts.
TCBK has a worse Debt to FCF ratio (5.48) than 69.10% of its industry peers.
TCBK has a Debt/Equity ratio of 0.63. This is a neutral value indicating TCBK is somewhat dependend on debt financing.
TCBK's Debt to Equity ratio of 0.63 is on the low side compared to the rest of the industry. TCBK is outperformed by 74.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.48 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.48%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
TCBK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.04%.
Measured over the past 5 years, TCBK shows a small growth in Earnings Per Share. The EPS has been growing by 6.58% on average per year.
The Revenue has been growing slightly by 2.21% in the past year.
Measured over the past years, TCBK shows a quite strong growth in Revenue. The Revenue has been growing by 9.60% on average per year.
EPS 1Y (TTM)-9.04%
EPS 3Y17.68%
EPS 5Y6.58%
EPS growth Q2Q-28.44%
Revenue 1Y (TTM)2.21%
Revenue growth 3Y10.14%
Revenue growth 5Y9.6%
Revenue growth Q2Q-10.58%
3.2 Future
The Earnings Per Share is expected to decrease by -0.84% on average over the next years.
The Revenue is expected to grow by 0.29% on average over the next years.
EPS Next Y-7.27%
EPS Next 2Y-0.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.54%
Revenue Next 2Y0.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.84 indicates a reasonable valuation of TCBK.
TCBK's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 25.20. TCBK is valued rather cheaply when compared to this.
TCBK is valuated reasonably with a Price/Forward Earnings ratio of 10.61.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TCBK is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.60, TCBK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
TCBK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.6 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.5
EPS Next 2Y-0.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TCBK has a Yearly Dividend Yield of 4.12%, which is a nice return.
TCBK's Dividend Yield is a higher than the industry average which is at 3.92.
TCBK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
5.2 History
The dividend of TCBK is nicely growing with an annual growth rate of 11.23%!
TCBK has been paying a dividend for at least 10 years, so it has a reliable track record.
TCBK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.23%
Div Incr Years11
Div Non Decr Years12
5.3 Sustainability
33.99% of the earnings are spent on dividend by TCBK. This is a low number and sustainable payout ratio.
DP33.99%
EPS Next 2Y-0.84%
EPS Next 3YN/A
TRICO BANCSHARES
NASDAQ:TCBK (4/24/2024, 12:21:21 PM)
34.62
-0.26 (-0.75%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.15B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
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 | 9.84 | ||
| Fwd PE | 10.61 | ||
| 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)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 10.12% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 28.08% | ||
| 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 | 0.63 | ||
| 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)-9.04%
EPS 3Y17.68%
EPS 5Y
EPS growth Q2Q
EPS Next Y-7.27%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.21%
Revenue growth 3Y10.14%
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