Texas Capital Bancshares Inc.
Find Ratings ReportsTEXAS CAPITAL BANCSHARES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.70% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 448.21 | 400.43 |
EBITDA ($mil) | 109.4 | 132.59 |
EBIT ($mil) | 99.79 | 122.67 |
Net Income ($mil) | 20.15 | 217.25 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3242.85 | 5012.26 |
Total Assets ($mil) | 28356.27 | 28414.64 |
Total Debt ($mil) | 2470.22 | 2239.28 |
Equity ($mil) | 3199.14 | 3055.35 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 50.61 | 60.62 |
EBITDA Margin | 24.4 | 33.11 |
Operating Margin | 22.27 | 30.63 |
Sales Turnover | 0.06 | 0.04 |
Return on Assets | 0.66 | 1.17 |
Return on Equity | 5.37 | 10.32 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.44 | 0.42 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 47.24 | 48.78 |
Div / share | 0.0 | 0.0 |
EPS | 0.33 | 4.23 |
Book value / share | 67.72 | 62.63 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 478780.0 | 443913.0 |
BUY. This stock's P/E ratio indicates a 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 0.86 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, TEXAS CAPITAL BANCSHARES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TCBI 16.45 | Peers 17.75 | TCBI 7.34 | Peers 20.18 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. TCBI is trading at a valuation on par with 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. TCBI 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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TCBI 13.54 | Peers 13.86 | TCBI 4.16 | Peers 1.78 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. TCBI is trading at a premium to its peers. |
Premium. 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. TCBI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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TCBI 0.86 | Peers 8.64 | TCBI -43.52 | 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. TCBI is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TCBI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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TCBI 1.53 | Peers 4.87 | TCBI 43.85 | 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. TCBI is trading at a significant discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. TCBI is keeping pace with its peers on the basis of sales growth. |
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