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TelegramSpirit of Texas Bancshares, Inc. Financial Ratios 2020-2011 | STXB
Brief overview of Spirit of Texas Bancshares, Inc.'s multiples and efficiency
The review covers five available annual periods spanning 2018 to 2020.
Key multiples at the end of the period are P/E 9.84x (median 14.84x), P/B 0.85x (median 0.91x), P/CF 7.1x (median 14.94x). The combined multiple level is about 33.7% below the company's historical norm, suggesting more cautious expectations.
At the current P/E, inverse earnings yield is 10.2%, a useful bridge between price and business earnings.
The latest available business-quality ratios are ROE 8.7%, ROA 1%, ROCE 3.8%. Business quality is below comfortable levels on current returns. Better margins or turnover are needed.
Current PEG is 0.2x; the market pays comparatively little per unit of expected growth.
For financial institutions, P/B, ROE and ROA are particularly relevant, while EV/EBITDA and ordinary liquidity ratios have limited comparability.
Overall picture
Spirit of Texas Bancshares, Inc.'s restrained price comes with modest current quality. Better efficiency is needed for revaluation.
Annual Financial Ratios Spirit of Texas Bancshares, Inc.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E |
9.8 | 14.8 | 26.4 | - | - | - | - | - | - | - |
P/S |
2.5 | 3.4 | 4.6 | - | - | - | - | - | - | - |
EV/EBITDA |
1.2 | - | - | - | - | - | - | - | - | - |
PEG |
0.2 | 0.33 | 0.27 | - | - | - | - | - | - | - |
P/B |
0.9 | 0.9 | 1.3 | - | - | - | - | - | - | - |
P/CF |
7.1 | 14.9 | 35.3 | - | - | - | - | - | - | - |
ROE % |
8.68 | 6.11 | 5.02 | - | - | - | - | - | - | - |
ROA % |
1.02 | 0.89 | 0.68 | - | - | - | - | - | - | - |
ROCE % |
3.82 | - | - | - | - | - | - | - | - | - |
DSO |
32.8 | 25.7 | 31.3 | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Spirit of Texas Bancshares, Inc., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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