Columbia Banking System, Inc.
Find Ratings ReportsCOLUMBIA BANKING SYSTEM INC's gross profit margin for the third quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the subsector, the revenue growth did not.
During the same period, stockholders' equity ("net worth") has increased by 6.49% from the same quarter last year.
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Income Statement | Q3 FY20 | Q3 FY19 |
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Net Sales ($mil) | 149.86 | 160.56 |
EBITDA ($mil) | 75.93 | 87.08 |
EBIT ($mil) | 75.93 | 87.08 |
Net Income ($mil) | 44.73 | 50.73 |
Balance Sheet | Q3 FY20 | Q3 FY19 |
---|---|---|
Cash & Equiv. ($mil) | 930.25 | 298.61 |
Total Assets ($mil) | 16233.42 | 13757.76 |
Total Debt ($mil) | 69.53 | 609.49 |
Equity ($mil) | 2301.98 | 2161.58 |
Profitability | Q3 FY20 | Q3 FY19 |
---|---|---|
Gross Profit Margin | 93.29 | 93.53 |
EBITDA Margin | 50.66 | 54.23 |
Operating Margin | 50.67 | 54.23 |
Sales Turnover | 0.04 | 0.05 |
Return on Assets | 0.87 | 1.4 |
Return on Equity | 6.17 | 8.93 |
Debt | Q3 FY20 | Q3 FY19 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.03 | 0.22 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY20 | Q3 FY19 |
---|---|---|
Shares outstanding (mil) | 71.61 | 72.29 |
Div / share | 0.28 | 0.28 |
EPS | 0.63 | 0.7 |
Book value / share | 32.14 | 29.9 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 349303.0 | 333869.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 27.22 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 38.64. Conducting a second comparison, its price-to-book ratio of 1.32 indicates a significant discount versus the S&P 500 average of 4.02 and a discount versus the subsector average of 1.34. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, COLUMBIA BANKING SYSTEM INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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COLB 21.35 | Peers 22.00 | COLB 15.71 | Peers 14.43 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. COLB is trading at a valuation on par with its peers. |
Average. 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. COLB is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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COLB 21.70 | Peers 24.35 | COLB NM | Peers 1.39 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. COLB is trading at a valuation on par with 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. COLB's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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COLB 1.32 | Peers 1.34 | COLB -24.91 | Peers -24.50 | |||||||||||||||||||||
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. COLB is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, COLB 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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COLB 4.90 | Peers 2.80 | COLB -0.33 | Peers -4.95 | |||||||||||||||||||||
Premium. 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. COLB is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. COLB has a sales growth rate that significantly exceeds its peers. |
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