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Northrim BanCorp Inc
NRIM : NASDAQ : Financial
$27.49 -0.06 | -0.22%
Today's Range: 27.42 - 27.63
Avg. Daily Volume: 39,900
09/03/15 - 2:30 PM ET

Financial Analysis


NORTHRIM BANCORP INC's gross profit margin for the second quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not.

During the same period, stockholders' equity ("net worth") has increased by 8.95% from the same quarter last year.

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Income Statement Q2 FY15 Q2 FY14
Net Sales ($mil)26.5117.83
EBITDA ($mil)12.2410.17
EBIT ($mil)11.569.57
Net Income ($mil)4.784.37


Balance Sheet Q2 FY15 Q2 FY14
Cash & Equiv. ($mil)104.0797.88
Total Assets ($mil)1500.331355.69
Total Debt ($mil)58.7640.52
Equity ($mil)170.81156.77


Profitability Q2 FY15 Q2 FY14
Gross Profit Margin95.76103.66
EBITDA Margin46.1557.05
Operating Margin43.6153.65
Sales Turnover0.060.05
Return on Assets1.240.97
Return on Equity10.968.4
Debt Q2 FY15 Q2 FY14
Current Ratio0.00.0
Debt/Capital0.260.21
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q2 FY15 Q2 FY14
Shares outstanding (mil)6.856.83
Div / share0.180.17
EPS0.690.63
Book value / share24.9222.95
Institutional Own % n/a n/a
Avg Daily Volume38966.020610.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 18.07 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 20.03. Conducting a second comparison, its price-to-book ratio of 1.08 indicates a significant discount versus the S&P 500 average of 2.67 and a discount versus the industry average of 1.12. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. Upon assessment of these and other key valuation criteria, NORTHRIM BANCORP INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NRIM 9.96 Peers 18.07   NRIM NM Peers 46.37

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

NRIM is trading at a significant discount to its peers.

 

Neutral. 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.

NRIM's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NRIM 11.96 Peers 28.26   NRIM NM Peers 0.79

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

NRIM is trading at a significant discount to its peers.

 

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.

NRIM's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NRIM 1.08 Peers 1.12   NRIM 37.75 Peers 33.11

Average. 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.

NRIM is trading at a valuation on par with its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

NRIM is expected to have an earnings growth rate that exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NRIM 1.97 Peers 2.33   NRIM 51.05 Peers 0.12

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.

NRIM is trading at a discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

NRIM has a sales growth rate that significantly exceeds its peers.

 

 

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