NewtekOne, Inc. (NEWTH) 주식 분석

회사 개요

NewtekOne, Inc. operates as a bank holding company for Newtek Bank, National Association, providing various business and financial solutions under the Newtek brand specifically to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and other deposit accounts to fund its lending and fee-based activities, functioning within the financial services sector which encompasses banking, lending, and trust services. Regarding its scale, the company employs 567 individuals and reports a trailing twelve-month revenue of $301.04M, though specific market capitalization and industry classification data are not disclosed in the provided records. While precise market cap figures are unavailable, the reported annual revenue of $301.04M combined with an employee base of 567 indicates an operational entity with significant mid-market presence, generating substantial income relative to its workforce size. The absence of a disclosed sector or industry code suggests the company may operate in a niche segment or where standard classification codes are not publicly assigned for this specific holding structure, yet its revenue stream demonstrates a robust financial footprint within the regional banking ecosystem.

재무 건전성

The company reports a trailing twelve-month revenue of $301.04M and a net income of $40.76M, resulting in an EBITDA of $144.43M. The substantial gap between the $301.04M revenue and the $40.76M net income, while the EBITDA stands at $144.43M, reveals a significant impact from interest expenses and non-operating costs that reduce the bottom line, highlighting a capital-intensive structure typical of banking institutions. The free cash flow is reported at $-116,577,904, which indicates that the company is currently consuming cash, likely due to heavy investment in loan origination or deposit gathering activities that temporarily outweigh cash collections. Despite the negative free cash flow, the company holds $169.51M in cash against a total debt load of $658.20M. The debt-to-equity ratio is 240.22, indicating a highly leveraged balance sheet where debt obligations significantly exceed equity capital, a common characteristic for asset-heavy banking models that rely on borrowed funds to generate returns. The current ratio stands at 14.23, a figure that suggests extremely strong short-term liquidity and an ability to cover short-term obligations more than 14 times over with existing current assets. Management effectiveness is evidenced by a return on equity of 17.1% and a return on assets of 5.8%, demonstrating that the company generates efficient returns on shareholders' equity while maintaining a moderate return on the total asset base. The profit margin of 14.1% reflects the net profitability after all expenses, while the gross margin of 83.1% and operating margin of 46.7% illustrate the efficiency of the core banking operations before interest and taxes.

밸류에이션 평가

Trailing P/E and forward P/E ratios are both listed as N/A, which implies that traditional earnings-based valuation multiples cannot be calculated using standard forward-looking or historical price-to-earnings metrics in the same manner as profitable companies with stable historical earnings per share. The price-to-book ratio is 2.58, indicating that the market values the company's equity at approximately 2.58 times its book value, suggesting a premium valuation relative to the net asset value of the bank. Price-to-sales and EV/EBITDA metrics are also listed as N/A, meaning alternative valuation methods relying on sales multiples or enterprise value relative to earnings before interest, taxes, depreciation, and amortization are not applicable or disclosed for this specific reporting period. The 52-week high is $25.66 and the 52-week low is $23.00, and without a specific current share price provided in the facts, the relative trading position cannot be precisely calculated as a percentage below or above this range. The beta value is 1.37, which indicates that the stock's price volatility is 37% higher than the broader market, suggesting that the stock tends to amplify market movements and carry higher systematic risk for investors.

Growth & Income

Revenue growth year-over-year is 21.7% and earnings growth year-over-year is 58.8%, indicating that earnings are growing significantly faster than revenue, which often implies improving operating leverage or cost efficiencies within the banking operations. Since dividend yield and payout ratio are listed as N/A, the company does not appear to distribute dividends to shareholders, suggesting a strategy of retaining earnings to fuel organic growth, loan expansion, or capital reserve building rather than paying out income to investors. The overall growth profile is characterized by double-digit revenue expansion and robust earnings acceleration, while the income profile relies on capital appreciation rather than dividend yield distributions. This combination of high earnings growth relative to revenue and a non-dividend policy points to a growth-oriented financial institution focused on expanding its asset base and profitability.