Northeast Bank
Find Ratings ReportsNORTHEAST BANK's gross profit margin for the first quarter of its fiscal year 2024 has significantly decreased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 23.55% from the same quarter last year.
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Income Statement | Q1 FY24 | Q1 FY23 |
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Net Sales ($mil) | 63.48 | 28.52 |
EBITDA ($mil) | 26.89 | 15.34 |
EBIT ($mil) | 26.09 | 14.7 |
Net Income ($mil) | 15.17 | 8.29 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 204.65 | 166.95 |
Total Assets ($mil) | 2876.46 | 1742.94 |
Total Debt ($mil) | 546.19 | 139.04 |
Equity ($mil) | 311.57 | 252.16 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 59.41 | 85.75 |
EBITDA Margin | 42.35 | 53.77 |
Operating Margin | 41.1 | 51.54 |
Sales Turnover | 0.08 | 0.06 |
Return on Assets | 1.77 | 2.32 |
Return on Equity | 16.39 | 16.09 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.64 | 0.36 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 7.8 | 7.48 |
Div / share | 0.01 | 0.01 |
EPS | 2.01 | 1.12 |
Book value / share | 39.96 | 33.73 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 20522.0 | 21738.0 |
BUY. NORTHEAST BANK's P/E ratio indicates a significant discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.24 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, NORTHEAST BANK proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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NBN 7.21 | Peers 17.75 | NBN 7.13 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. NBN is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. NBN is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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NBN NA | Peers 13.86 | NBN NA | Peers 1.78 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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NBN 1.24 | Peers 8.64 | NBN 30.47 | Peers 24.72 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. NBN is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. NBN is expected to have an earnings growth rate that exceeds its peers. |
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Price/Sales |
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Sales Growth |
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NBN 1.77 | Peers 4.87 | NBN 92.63 | Peers 44.87 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. NBN is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. NBN has a sales growth rate that significantly exceeds its peers. |
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