FIRST FOUNDATION INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.81 USD | +6.22% |
|
-4.44% | -39.98% |
| Apr. 26 | Wedbush Trims First Foundation's PT to $7 From $8 After Mixed Q1 Results, Keeps Neutral Rating | MT |
| Apr. 25 | Transcript : First Foundation Inc., Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 777 | 892.5 | 1,403 | 808 | 546.4 | 328.3 | - |
| Enterprise Value (EV) 1 | 777 | 892.5 | 1,403 | 808 | 546.4 | 328.3 | 328.3 |
| P/E ratio | 13.9 x | 10.6 x | 10.3 x | 7.31 x | -2.74 x | 34.2 x | 7.05 x |
| Yield | 1.15% | 1.4% | 1.45% | 3.07% | 1.65% | 0.69% | 0.69% |
| Capitalization / Revenue | 3.67 x | 3.55 x | 4.62 x | 2.2 x | 2.17 x | 1.45 x | 1.12 x |
| EV / Revenue | 3.67 x | 3.55 x | 4.62 x | 2.2 x | 2.17 x | 1.45 x | 1.12 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.27 x | 1.28 x | 1.32 x | 0.71 x | 0.59 x | 0.35 x | 0.34 x |
| Nbr of stocks (in thousands) | 44,654 | 44,626 | 56,424 | 56,388 | 56,444 | 56,512 | - |
| Reference price 2 | 17.40 | 20.00 | 24.86 | 14.33 | 9.680 | 5.810 | 5.810 |
| Announcement Date | 1/28/20 | 1/26/21 | 1/31/22 | 1/26/23 | 1/25/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 211.7 | 251.3 | 303.7 | 366.9 | 251.7 | 226.9 | 292.6 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 82.14 | 125.5 | 155.7 | 154.2 | 16.62 | 17.91 | 71.41 |
| Operating Margin | 38.79% | 49.95% | 51.25% | 42.02% | 6.61% | 7.9% | 24.4% |
| Earnings before Tax (EBT) 1 | 79.5 | 118.8 | 151.8 | 149.8 | -200.1 | 12.4 | 64.55 |
| Net income 1 | 56.24 | 84.37 | 109.5 | 110.5 | -199.1 | 9.634 | 46.59 |
| Net margin | 26.56% | 33.57% | 36.05% | 30.12% | -79.1% | 4.25% | 15.92% |
| EPS 2 | 1.250 | 1.880 | 2.410 | 1.960 | -3.530 | 0.1700 | 0.8240 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.2800 | 0.3600 | 0.4400 | 0.1600 | 0.0400 | 0.0400 |
| Announcement Date | 1/28/20 | 1/26/21 | 1/31/22 | 1/26/23 | 1/25/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 89.87 | 75.79 | 89.92 | 95.2 | 99.86 | 81.94 | 70.45 | 61.06 | 63.77 | 56.37 | 51.07 | 54.7 | 58.73 | 62.77 | 66.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 51.47 | 36.22 | 42.3 | 46.4 | 39.51 | 25.19 | 10.52 | -211.7 | -0.185 | 0.866 | 0.46 | 2.484 | 5.65 | 9.215 | 11.82 |
| Operating Margin | 57.28% | 47.8% | 47.04% | 48.74% | 39.57% | 30.74% | 14.93% | -346.69% | -0.29% | 1.54% | 0.9% | 4.54% | 9.62% | 14.68% | 17.85% |
| Earnings before Tax (EBT) 1 | 51.89 | 32.34 | 43.1 | 46.23 | 39.54 | 20.94 | 10.7 | -212.6 | 1.58 | 0.248 | -0.117 | 1.09 | 2.945 | 8.122 | 10.06 |
| Net income 1 | 37.23 | 23.88 | 30.84 | 33.32 | 29.01 | 17.35 | 8.496 | -212.3 | 2.18 | 2.548 | 0.793 | 0.7616 | 2.152 | 5.882 | 7.202 |
| Net margin | 41.42% | 31.5% | 34.29% | 34.99% | 29.05% | 21.18% | 12.06% | -347.65% | 3.42% | 4.52% | 1.55% | 1.39% | 3.66% | 9.37% | 10.88% |
| EPS 2 | 0.8300 | 0.5100 | 0.5500 | 0.5900 | 0.5100 | 0.3100 | 0.1500 | -3.760 | 0.0400 | 0.0500 | 0.0100 | 0.0140 | 0.0380 | 0.1040 | 0.1300 |
| Dividend per Share 2 | 0.0900 | 0.0900 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.0200 | 0.0200 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | 0.0100 |
| Announcement Date | 10/26/21 | 1/31/22 | 4/26/22 | 7/26/22 | 10/25/22 | 1/26/23 | 4/27/23 | 7/27/23 | 10/26/23 | 1/25/24 | 4/25/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.6% | 13% | 14.4% | 10% | -19.6% | 0.9% | 4.79% |
| ROA (Net income/ Total Assets) | 0.91% | 1.26% | 1.41% | 0.96% | -1.51% | 0.07% | 0.33% |
| Assets 1 | 6,180 | 6,696 | 7,767 | 11,512 | 13,183 | 14,597 | 13,951 |
| Book Value Per Share 2 | 13.70 | 15.60 | 18.90 | 20.10 | 16.40 | 16.50 | 17.20 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 1/28/20 | 1/26/21 | 1/31/22 | 1/26/23 | 1/25/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
5.81
USD
Average target price
8.4
USD
Spread / Average Target
+44.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -39.98% | 328M | |
| +12.00% | 547B | |
| +10.60% | 291B | |
| +12.04% | 250B | |
| +21.78% | 210B | |
| +17.11% | 171B | |
| +11.40% | 169B | |
| +11.01% | 164B | |
| +3.27% | 143B | |
| -11.10% | 139B |
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- Financials First Foundation Inc.
