VERITEX HOLDINGS INC (VBTX)

US9234511080 - Common Stock

20.73  +0.43 (+2.12%)

Fundamental Rating

3

VBTX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 411 industry peers in the Banks industry. Both the profitability and financial health of VBTX have multiple concerns. VBTX has a valuation in line with the averages, but it does not seem to be growing.



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3

1. Profitability

1.1 Basic Checks

In the past year VBTX was profitable.
VBTX had a positive operating cash flow in the past year.
Each year in the past 5 years VBTX has been profitable.
In the past 5 years VBTX always reported a positive cash flow from operatings.

1.2 Ratios

The Return On Assets of VBTX (0.87%) is comparable to the rest of the industry.
VBTX has a worse Return On Equity (7.07%) than 68.86% of its industry peers.
Industry RankSector Rank
ROA 0.87%
ROE 7.07%
ROIC N/A
ROA(3y)1.17%
ROA(5y)1.1%
ROE(3y)9.26%
ROE(5y)8.31%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of VBTX (25.87%) is better than 60.34% of its industry peers.
In the last couple of years the Profit Margin of VBTX has declined.
VBTX does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 25.87%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.13%
PM growth 5Y-3.64%
GM growth 3YN/A
GM growth 5YN/A

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3

2. Health

2.1 Basic Checks

VBTX does not have a ROIC to compare to the WACC, probably because it is not profitable.
VBTX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VBTX has more shares outstanding
VBTX has a better debt/assets ratio than last year.

2.2 Solvency

VBTX has a debt to FCF ratio of 1.62. This is a very positive value and a sign of high solvency as it would only need 1.62 years to pay back of all of its debts.
VBTX's Debt to FCF ratio of 1.62 is fine compared to the rest of the industry. VBTX outperforms 64.72% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that VBTX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.15, VBTX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.62
Altman-Z N/A
ROIC/WACCN/A
WACC18.21%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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3

3. Growth

3.1 Past

The earnings per share for VBTX have decreased by -5.78% in the last year.
VBTX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.84% yearly.
The Revenue has been growing slightly by 0.20% in the past year.
Measured over the past years, VBTX shows a very strong growth in Revenue. The Revenue has been growing by 27.10% on average per year.
EPS 1Y (TTM)-5.78%
EPS 3Y22.21%
EPS 5Y10.84%
EPS growth Q2Q-23.68%
Revenue 1Y (TTM)0.2%
Revenue growth 3Y10.13%
Revenue growth 5Y27.1%
Revenue growth Q2Q-35.43%

3.2 Future

VBTX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.19% yearly.
VBTX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.68% yearly.
EPS Next Y-13.24%
EPS Next 2Y-5.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.25%
Revenue Next 2Y-0.68%
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.

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.94, the valuation of VBTX can be described as very cheap.
VBTX's Price/Earnings ratio is a bit cheaper when compared to the industry. VBTX is cheaper than 76.89% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.95, VBTX is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.15, the valuation of VBTX can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VBTX indicates a somewhat cheap valuation: VBTX is cheaper than 71.05% of the companies listed in the same industry.
VBTX is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.40, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.94
Fwd PE 9.15

4.2 Price Multiples

60.58% of the companies in the same industry are more expensive than VBTX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.94
EV/EBITDA N/A

4.3 Compensation for Growth

VBTX's earnings are expected to decrease with -5.19% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.73
EPS Next 2Y-5.19%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

VBTX has a Yearly Dividend Yield of 4.14%, which is a nice return.
VBTX's Dividend Yield is a higher than the industry average which is at 3.93.
Compared to an average S&P500 Dividend Yield of 2.45, VBTX pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.14%

5.2 History

VBTX has been paying a dividend for over 5 years, so it has already some track record.
VBTX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years4

5.3 Sustainability

VBTX pays out 40.04% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.04%
EPS Next 2Y-5.19%
EPS Next 3YN/A

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VERITEX HOLDINGS INC

NASDAQ:VBTX (4/23/2024, 1:05:19 PM)

20.73

+0.43 (+2.12%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.13B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.14%
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 RankSector Rank
PE 7.94
Fwd PE 9.15
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)0.73
Profitability
Industry RankSector Rank
ROA 0.87%
ROE 7.07%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 25.87%
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 Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.15
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)-5.78%
EPS 3Y22.21%
EPS 5Y
EPS growth Q2Q
EPS Next Y-13.24%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.2%
Revenue growth 3Y10.13%
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