企業概要
Simmons First National Corporation operates as a bank holding company that provides comprehensive banking and financial products to both individual consumers and business entities through its subsidiary, Simmons Bank. This entity functions within the Financial Services sector, specifically categorized under the Banks - Regional industry, positioning it as a key player in localized lending and deposit services. The corporation maintains a market capitalization of $2.96B and employs a workforce of 2,917 individuals, reflecting its operational scale within the regional banking landscape. The annual revenue generated in the trailing twelve months stands at $37.41M, a figure that, when viewed alongside the market cap, indicates a valuation structure where the market price significantly exceeds the annual sales volume, suggesting investor expectations tied to asset growth or leverage rather than immediate sales profitability.
財務健全性
The company reported a revenue of $37.41M for the trailing twelve months, while simultaneously recording a net income of $-397,552,992, a disparity that reveals a highly leveraged cost structure or significant non-operating expenses impacting the bottom line. EBITDA figures are not available in the current financial data, limiting the direct assessment of operational cash earnings before interest and taxes. Regarding cash flow dynamics, free cash flow metrics are currently unavailable, which obscures the immediate assessment of the company's financial flexibility to fund capital expenditures or dividends without external financing. The margin analysis presents a complex picture: the gross margin and profit margin are both recorded at 0.0%, indicating that traditional trading margins do not apply or are negligible, whereas the operating margin stands at 42.4%, suggesting strong operational efficiency prior to interest and tax obligations. In terms of liquidity and leverage, the company holds $782.92M in cash against $697.90M in total debt, resulting in a net cash position, yet the debt-to-equity ratio is listed as N/A, preventing a direct calculation of leverage intensity relative to shareholder equity. Short-term liquidity is further obscured by the absence of a reported current ratio, making it impossible to quantify the ability to meet short-term obligations with current assets. Finally, the return metrics indicate management challenges, with a Return on Equity of -11.4% and a Return on Assets of -1.5%, signaling that the company is currently destroying value relative to its equity base and asset portfolio.
バリュエーション評価
Valuation multiples for Simmons First National Corporation show a trailing P/E Ratio (TTM) listed as N/A due to the negative net income, while the forward P/E is projected at 9.61, implying that the market anticipates a return to profitability or a significant earnings turnaround in the upcoming fiscal period. The price-to-book ratio is recorded at 0.86, indicating that the stock trades at a discount relative to its tangible book value, which can suggest market skepticism regarding asset quality or future earnings potential. Alternative valuation metrics such as the price-to-sales ratio of 79.12 and the EV/EBITDA ratio of N/A highlight that sales-based valuation is the primary reference point, as earnings-based multiples are currently inapplicable due to the loss-making status. The stock price over the last year has fluctuated between a 52-Week High of $22.18 and a 52-Week Low of $17.00, with the current trading position situated within this historical range, reflecting recent market volatility. The beta value of 0.90 suggests that the stock's price volatility is slightly lower than the broader market, indicating a relative stability compared to high-beta equities despite the underlying financial losses.
Growth & Income
Despite the negative net income, the company demonstrates robust top-line expansion with a Revenue Growth (YoY) of 19.8%, while the Earnings Growth (YoY) is calculated at 42.8%, implying that earnings are growing at a faster rate than revenue, potentially due to cost reductions or one-time gains affecting the loss figure. As a dividend payer, the company offers a Dividend Yield of 4.2% with a Payout Ratio of 66.5%, a combination that raises questions regarding sustainability given the negative earnings and the high percentage of earnings paid out relative to the reported income. The high payout ratio in the context of a negative net income indicates that dividends are likely being funded from retained earnings or the substantial cash reserves rather than current period earnings, creating a potentially fragile income stream for shareholders. The overall growth and income profile presents a dichotomy of strong revenue expansion and significant income growth metrics contrasted against negative returns and a dividend yield that may not be sustainable if profitability does not improve in the near term.