Northrim BanCorp Inc

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NRIM : NASDAQ : Financial
$32.0 | %
Today's Range: 31.9 - 32.15
Avg. Daily Volume: 20400.0
04/28/17 - 4:00 PM ET

Financial Analysis


NORTHRIM BANCORP INC's gross profit margin for the fourth quarter of its fiscal year 2016 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 industry, the revenue growth did not.

During the same period, stockholders' equity ("net worth") has increased by 5.39% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)24.8825.17
EBITDA ($mil)9.8811.26
EBIT ($mil)9.1810.58
Net Income ($mil)3.594.11


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)50.5558.67
Total Assets ($mil)1526.541499.49
Total Debt ($mil)50.552.1
Equity ($mil)186.59177.04


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin94.4895.87
EBITDA Margin39.6944.74
Operating Margin36.8842.06
Sales Turnover0.070.07
Return on Assets0.941.18
Return on Equity7.7210.04
Debt Q4 FY16 Q4 FY15
Current Ratio0.00.0
Debt/Capital0.210.23
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)6.96.88
Div / share0.20.19
EPS0.510.59
Book value / share27.0525.74
Institutional Own % n/a n/a
Avg Daily Volume20284.020622.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 24.17 for the Commercial Banks industry and a discount compared to the S&P 500 average of 25.27. Conducting a second comparison, its price-to-book ratio of 1.18 indicates a significant discount versus the S&P 500 average of 3.03 and a discount versus the industry average of 1.28. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount. 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 15.53 Peers 24.17   NRIM 10.97 Peers 6.97

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.

 

Premium. 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 is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NRIM 14.88 Peers 91.05   NRIM NM Peers 1.46

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 1.18 Peers 1.28   NRIM -19.54 Peers 8.26

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.

 

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

However, NRIM is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NRIM 2.16 Peers 2.78   NRIM -2.12 Peers 4.51

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NRIM significantly trails its peers on the basis of sales growth

 

 

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