Fifth Third Bancorp
Find Ratings ReportsFIFTH THIRD BANCORP'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.
During the same period, stockholders' equity ("net worth") has increased by 10.64% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3391.0 | 2816.0 |
EBITDA ($mil) | 1326.0 | 1365.0 |
EBIT ($mil) | 4685.0 | 4491.0 |
Net Income ($mil) | 530.0 | 737.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 25224.0 | 11817.0 |
Total Assets ($mil) | 214574.0 | 207452.0 |
Total Debt ($mil) | 20035.0 | 19331.0 |
Equity ($mil) | 19172.0 | 17327.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 62.08 | 75.92 |
EBITDA Margin | 39.1 | 48.47 |
Operating Margin | 138.16 | 159.48 |
Sales Turnover | 0.06 | 0.05 |
Return on Assets | 1.09 | 1.17 |
Return on Equity | 11.54 | 13.45 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.51 | 0.53 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 681.13 | 683.39 |
Div / share | 0.35 | 0.33 |
EPS | 0.72 | 1.01 |
Book value / share | 28.15 | 25.35 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 5546037.0 | 5437486.0 |
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 1.26 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, FIFTH THIRD BANCORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FITB 10.97 | Peers 17.75 | FITB 5.35 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FITB 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. FITB 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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FITB 10.13 | Peers 13.86 | FITB NM | Peers 1.78 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. FITB is trading at a 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. FITB'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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FITB 1.26 | Peers 8.64 | FITB -3.87 | 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. FITB 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, FITB 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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FITB 1.91 | Peers 4.87 | FITB 35.06 | 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. FITB is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FITB trails its peers on the basis of sales growth. |
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