Northrim BanCorp Inc

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NRIM : NASDAQ : Financial
$28.40 | %
Today's Range: 27.99 - 28.64
Avg. Daily Volume: 32,700
07/29/16 - 4:00 PM ET

Financial Analysis


NORTHRIM BANCORP INC's gross profit margin for the first 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 revenues underperformed the average competitor within the industry, the net income growth did not.

During the same period, stockholders' equity ("net worth") has increased by 7.69% from the same quarter last year.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)23.9224.92
EBITDA ($mil)9.7211.25
EBIT ($mil)9.0610.57
Net Income ($mil)3.383.56


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)79.2846.07
Total Assets ($mil)1500.21447.98
Total Debt ($mil)52.2358.95
Equity ($mil)180.13167.26


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin94.3795.67
EBITDA Margin40.6145.15
Operating Margin37.8542.42
Sales Turnover0.070.06
Return on Assets1.171.26
Return on Equity9.7610.94
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.220.26
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)6.886.85
Div / share0.190.18
EPS0.480.51
Book value / share26.1924.4
Institutional Own % n/a n/a
Avg Daily Volume31861.018045.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 11.99 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 1.08 indicates a significant discount versus the S&P 500 average of 2.81 and a premium versus the industry average of 1.07. The current price-to-sales ratio is similar to the S&P 500 average, but it is below the industry average, indicating a discount. The valuation analysis reveals that, NORTHRIM BANCORP INC seems to be trading 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 11.17 Peers 11.99   NRIM 4.89 Peers 4.80

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

NRIM 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.

NRIM is trading at a valuation on par 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 12.03 Peers 12.08   NRIM NM Peers 2.92

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

NRIM 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.

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 1.07   NRIM -4.17 Peers 0.00

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 1.88 Peers 2.36   NRIM 22.03 Peers -0.10

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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