Southside Bancshares Inc.
Find Ratings ReportsSOUTHSIDE BANCSHARES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly 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 3.65% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 101.44 | 85.89 |
EBITDA ($mil) | 30.08 | 40.58 |
EBIT ($mil) | 27.47 | 37.81 |
Net Income ($mil) | 17.32 | 27.67 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 560.51 | 199.25 |
Total Assets ($mil) | 8284.91 | 7558.64 |
Total Debt ($mil) | 893.32 | 550.52 |
Equity ($mil) | 773.29 | 746.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 53.93 | 76.28 |
EBITDA Margin | 29.65 | 47.24 |
Operating Margin | 27.08 | 44.02 |
Sales Turnover | 0.05 | 0.04 |
Return on Assets | 1.04 | 1.38 |
Return on Equity | 11.21 | 14.08 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.54 | 0.42 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 30.25 | 31.55 |
Div / share | 0.37 | 0.38 |
EPS | 0.57 | 0.87 |
Book value / share | 25.56 | 23.65 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 138898.0 | 111202.0 |
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 1.07 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, SOUTHSIDE BANCSHARES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SBSI 9.75 | Peers 17.75 | SBSI 10.38 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. SBSI 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. SBSI 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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SBSI 9.44 | Peers 13.86 | SBSI 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. SBSI 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. SBSI'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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SBSI 1.07 | Peers 8.64 | SBSI -14.07 | 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. SBSI 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, SBSI 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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SBSI 2.10 | Peers 4.87 | SBSI 34.62 | 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. SBSI 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. SBSI trails its peers on the basis of sales growth. |
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