UNITY BANCORP INC (UNTY)
US9132901029 - Common Stock
Overall UNTY gets a fundamental rating of 5 out of 10. We evaluated UNTY against 411 industry peers in the Banks industry. Both the profitability and the financial health of UNTY get a neutral evaluation. Nothing too spectacular is happening here. UNTY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
UNTY had positive earnings in the past year.
In the past year UNTY had a positive cash flow from operations.
Each year in the past 5 years UNTY has been profitable.
UNTY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
UNTY has a better Return On Assets (1.54%) than 90.02% of its industry peers.
UNTY has a better Return On Equity (15.19%) than 89.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 15.19% | ||
| ROIC | N/A |
ROA(3y)1.63%
ROA(5y)1.49%
ROE(3y)16.28%
ROE(5y)15.43%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
UNTY's Profit Margin of 38.50% is amongst the best of the industry. UNTY outperforms 92.94% of its industry peers.
In the last couple of years the Profit Margin of UNTY has grown nicely.
The Operating Margin and Gross Margin are not available for UNTY so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 38.5% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y8.02%
PM growth 5Y1.97%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
UNTY does not have a ROIC to compare to the WACC, probably because it is not profitable.
UNTY has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, UNTY has less shares outstanding
Compared to 1 year ago, UNTY has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of UNTY is 0.22, which is an excellent value as it means it would take UNTY, only 0.22 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.22, UNTY belongs to the top of the industry, outperforming 86.86% of the companies in the same industry.
UNTY 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, UNTY belongs to the best of the industry, outperforming 84.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC10.69%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
UNTY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.97%.
UNTY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.83% yearly.
UNTY shows a small growth in Revenue. In the last year, the Revenue has grown by 1.99%.
The Revenue has been growing by 10.44% on average over the past years. This is quite good.
EPS 1Y (TTM)2.97%
EPS 3Y20.59%
EPS 5Y13.83%
EPS growth Q2Q-3.12%
Revenue 1Y (TTM)1.99%
Revenue growth 3Y10.05%
Revenue growth 5Y10.44%
Revenue growth Q2Q-4.02%
3.2 Future
Based on estimates for the next years, UNTY will show a small growth in Earnings Per Share. The EPS will grow by 6.38% on average per year.
Based on estimates for the next years, UNTY will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y0.14%
EPS Next 2Y6.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.33%
Revenue Next 2Y6.71%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.33, the valuation of UNTY can be described as very cheap.
Based on the Price/Earnings ratio, UNTY is valued cheaper than 87.83% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.15, UNTY is valued rather cheaply.
UNTY is valuated cheaply with a Price/Forward Earnings ratio of 6.43.
Based on the Price/Forward Earnings ratio, UNTY is valued cheaper than 90.27% of the companies in the same industry.
UNTY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.33 | ||
| Fwd PE | 6.43 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, UNTY is valued cheaper than 83.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.1 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)52.15
PEG (5Y)0.53
EPS Next 2Y6.38%
EPS Next 3YN/A
5. Dividend
5.1 Amount
UNTY has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
UNTY's Dividend Yield is slightly below the industry average, which is at 3.69.
UNTY's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
The dividend of UNTY is nicely growing with an annual growth rate of 11.80%!
UNTY has paid a dividend for at least 10 years, which is a reliable track record.
UNTY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.8%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
UNTY pays out 11.89% of its income as dividend. This is a sustainable payout ratio.
The dividend of UNTY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP11.89%
EPS Next 2Y6.38%
EPS Next 3YN/A
UNITY BANCORP INC
NASDAQ:UNTY (5/17/2024, 3:30:01 PM)
After market: 27.94 0 (0%)27.94
+0.24 (+0.87%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap280.52M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
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)
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Min EPS beat(4)
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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)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 | 7.33 | ||
| Fwd PE | 6.43 | ||
| 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)52.15
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 15.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 38.5% | ||
| 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 | 0.04 | ||
| 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)2.97%
EPS 3Y20.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.99%
Revenue growth 3Y10.05%
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