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1VD

Coastal Financial DB:1VD Stock Report

Last Price

US$35.40

Market Cap

US$468.8m

7D

0.6%

1Y

48.7%

Updated

30 Jun, 2022

Data

Company Financials +
1VD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance4/6
Financial Health6/6
Dividends0/6

1VD Stock Overview

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington.

Coastal Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Coastal Financial
Historical stock prices
Current Share PriceUS$35.40
52 Week HighUS$47.80
52 Week LowUS$23.00
Beta1.24
1 Month Change-2.21%
3 Month Change-12.81%
1 Year Change48.74%
3 Year Change165.41%
5 Year Changen/a
Change since IPO166.37%

Recent News & Updates

Shareholder Returns

1VDDE BanksDE Market
7D0.6%-1.7%-1.1%
1Y48.7%-14.6%-23.8%

Return vs Industry: 1VD exceeded the German Banks industry which returned -11.1% over the past year.

Return vs Market: 1VD exceeded the German Market which returned -22.2% over the past year.

Price Volatility

Is 1VD's price volatile compared to industry and market?
1VD volatility
1VD Average Weekly Movement3.9%
Banks Industry Average Movement4.5%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.8%

Stable Share Price: 1VD is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 1VD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997401Eric Sprinkhttps://www.coastalbank.com

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection.

Coastal Financial Fundamentals Summary

How do Coastal Financial's earnings and revenue compare to its market cap?
1VD fundamental statistics
Market CapUS$490.12m
Earnings (TTM)US$27.22m
Revenue (TTM)US$116.01m

18.0x

P/E Ratio

2.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1VD income statement (TTM)
RevenueUS$116.01m
Cost of RevenueUS$0
Gross ProfitUS$116.01m
Other ExpensesUS$88.79m
EarningsUS$27.22m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.10
Gross Margin100.00%
Net Profit Margin23.46%
Debt/Equity Ratio13.4%

How did 1VD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1VD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1VD?

Other financial metrics that can be useful for relative valuation.

1VD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 1VD's PE Ratio compare to its peers?

1VD PE Ratio vs Peers
The above table shows the PE ratio for 1VD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.1x
UBK UmweltBank
30.8xn/a€597.1m
MBK Merkur PrivatBank KgaA
13x5.9%€119.0m
PCZ ProCredit Holding KGaA
3.4x47.5%€210.3m
PBB Deutsche Pfandbriefbank
5.6x-0.8%€1.2b
1VD Coastal Financial
18x43.5%€490.1m

Price-To-Earnings vs Peers: 1VD is expensive based on its Price-To-Earnings Ratio (18x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

How does 1VD's PE Ratio compare vs other companies in the European Banks Industry?

Price-To-Earnings vs Industry: 1VD is expensive based on its Price-To-Earnings Ratio (18x) compared to the European Banks industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is 1VD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1VD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: 1VD is expensive based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Share Price vs Fair Value

What is the Fair Price of 1VD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1VD (€35.4) is trading below our estimate of fair value (€107.05)

Significantly Below Fair Value: 1VD is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 1VD is good value based on its PEG Ratio (0.4x)


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Future Growth

How is Coastal Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1VD's forecast earnings growth (43.5% per year) is above the savings rate (-0.01%).

Earnings vs Market: 1VD's earnings (43.5% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: 1VD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1VD's revenue (39.2% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: 1VD's revenue (39.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1VD's Return on Equity is forecast to be low in 3 years time (19.7%).


Discover growth companies

Past Performance

How has Coastal Financial performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1VD has high quality earnings.

Growing Profit Margin: 1VD's current net profit margins (23.5%) are lower than last year (28.5%).


Past Earnings Growth Analysis

Earnings Trend: 1VD's earnings have grown significantly by 34.9% per year over the past 5 years.

Accelerating Growth: 1VD's earnings growth over the past year (47.6%) exceeds its 5-year average (34.9% per year).

Earnings vs Industry: 1VD earnings growth over the past year (47.6%) exceeded the Banks industry 33.3%.


Return on Equity

High ROE: 1VD's Return on Equity (13.1%) is considered low.


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Financial Health

How is Coastal Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 1VD's Assets to Equity ratio (13.6x) is moderate.

Allowance for Bad Loans: 1VD has a sufficient allowance for bad loans (1653%).

Low Risk Liabilities: 98% of 1VD's liabilities are made up of primarily low risk sources of funding.

Loan Level: 1VD has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: 1VD's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: 1VD has an appropriate level of bad loans (0.1%).


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Dividend

What is Coastal Financial current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1VD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1VD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1VD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1VD's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1VD's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Eric Sprink (48 yo)

12.42yrs

Tenure

US$4,773,916

Compensation

Mr. Eric M. Sprink serves as General Partner, Banktech Ventures, LP at BankTech Ventures, LP. He has been Chief Executive Officer of Coastal Financial Corporation since 2010 and served as its President unt...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD4.77M) is above average for companies of similar size in the German market ($USD991.52K).

Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 1VD's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 1VD's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1VD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.


Top Shareholders

Company Information

Coastal Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Coastal Financial Corporation
  • Ticker: 1VD
  • Exchange: DB
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$490.120m
  • Listing Market Cap: US$468.848m
  • Shares outstanding: 12.93m
  • Website: https://www.coastalbank.com

Number of Employees


Location

  • Coastal Financial Corporation
  • 5415 Evergreen Way
  • Everett
  • Washington
  • 98203-3646
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.