SI *

Silvergate Capital BMV:SI * Stock Report

Last Price

Mex$1.97k

Market Cap

Mex$56.2b

7D

64.3%

1Y

-4.3%

Updated

24 Jul, 2022

Data

Company Financials +
SI * fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends0/6

SI * Stock Overview

Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States.

Silvergate Capital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Silvergate Capital
Historical stock prices
Current Share PriceUS$1,971.19
52 Week HighUS$4,909.00
52 Week LowUS$1,150.00
Beta2.76
1 Month Change42.32%
3 Month Change-28.43%
1 Year Change-4.31%
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.13%

Recent News & Updates

Shareholder Returns

SI *MX BanksMX Market
7D64.3%3.3%0.6%
1Y-4.3%-4.7%0.5%

Return vs Industry: SI * matched the MX Banks industry which returned -4.7% over the past year.

Return vs Market: SI * underperformed the MX Market which returned 0.9% over the past year.

Price Volatility

Is SI *'s price volatile compared to industry and market?
SI * volatility
SI * Average Weekly Movementn/a
Banks Industry Average Movement4.9%
Market Average Movement4.6%
10% most volatile stocks in MX Market7.5%
10% least volatile stocks in MX Market2.9%

Stable Share Price: Insufficient data to determine SI *'s volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SI *'s volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988308Alan Lanehttps://www.silvergate.com

Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products comprise one-to-four family real estate loans, multi-family real estate loans, commercial real estate loans, construction loans, commercial and industrial loans, mortgage warehouse loans, and reverse mortgage loans, as well as consumer loans and other loans secured by personal property.

Silvergate Capital Fundamentals Summary

How do Silvergate Capital's earnings and revenue compare to its market cap?
SI * fundamental statistics
Market CapUS$2.74b
Earnings (TTM)US$102.48m
Revenue (TTM)US$243.15m

26.7x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SI * income statement (TTM)
RevenueUS$243.15m
Cost of RevenueUS$0
Gross ProfitUS$243.15m
Other ExpensesUS$140.66m
EarningsUS$102.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.24
Gross Margin100.00%
Net Profit Margin42.15%
Debt/Equity Ratio57.3%

How did SI * perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SI *?

Other financial metrics that can be useful for relative valuation.

SI * 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 Ratio0.7x

Price to Earnings Ratio vs Peers

How does SI *'s PE Ratio compare to its peers?

SI * PE Ratio vs Peers
The above table shows the PE ratio for SI * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.9x
R A Regional. de
8.7x11.4%Mex$34.0b
BBAJIO O Banco del Bajío Institución de Banca Múltiple
9.9x7.9%Mex$53.5b
BSMX B Banco Santander México Institución de Banca Múltiple Grupo Financiero Santander México
7.4x9.1%Mex$146.8b
GFINBUR O Grupo Financiero Inbursa. de
9.7x5.4%Mex$213.4b
SI * Silvergate Capital
26.7x36.7%Mex$2.7b

Price-To-Earnings vs Peers: SI * is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the peer average (8.9x).


Price to Earnings Ratio vs Industry

How does SI *'s PE Ratio compare vs other companies in the South American Banks Industry?

Price-To-Earnings vs Industry: SI * is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the MX Banks industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is SI *'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.

SI * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SI *'s Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SI * (MX$1971.19) is trading below our estimate of fair value (MX$2545.28)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Silvergate Capital forecast to perform in the next 1 to 3 years based on estimates from 10 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


36.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SI *'s forecast earnings growth (36.7% per year) is above the savings rate (7.2%).

Earnings vs Market: SI *'s earnings (36.7% per year) are forecast to grow faster than the MX market (9.5% per year).

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

Revenue vs Market: SI *'s revenue (32.7% per year) is forecast to grow faster than the MX market (6.1% per year).

High Growth Revenue: SI *'s revenue (32.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SI *'s Return on Equity is forecast to be low in 3 years time (17.1%).


Discover growth companies

Past Performance

How has Silvergate Capital performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SI * has high quality earnings.

Growing Profit Margin: SI *'s current net profit margins (42.1%) are higher than last year (40.5%).


Past Earnings Growth Analysis

Earnings Trend: SI *'s earnings have grown significantly by 45.9% per year over the past 5 years.

Accelerating Growth: SI *'s earnings growth over the past year (105.7%) exceeds its 5-year average (45.9% per year).

Earnings vs Industry: SI * earnings growth over the past year (105.7%) exceeded the Banks industry 42.8%.


Return on Equity

High ROE: SI *'s Return on Equity (7.8%) is considered low.


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Financial Health

How is Silvergate Capital'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: SI *'s Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: SI * has a sufficient allowance for bad loans (118%).

Low Risk Liabilities: 94% of SI *'s liabilities are made up of primarily low risk sources of funding.

Loan Level: SI * has an appropriate level of Loans to Assets ratio (4%).

Low Risk Deposits: SI *'s Loans to Deposits ratio (4%) is appropriate.

Level of Bad Loans: SI * has an appropriate level of bad loans (0.6%).


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Dividend

What is Silvergate Capital 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 SI *'s dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SI *'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 SI *'s dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SI *'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 SI *'s dividend in 3 years as they are not forecast to pay a notable one for the MX market.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Alan Lane (60 yo)

13.58yrs

Tenure

US$1,884,426

Compensation

Mr. Alan J. Lane serves as President, CEO & Director of Silvergate Bank. He serves as Director and Chief Executive Officer of Silvergate Capital Corporation and serves as its President and has been with th...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD1.88M) is about average for companies of similar size in the MX market ($USD2.38M).

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


Leadership Team

Experienced Management: SI *'s management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: SI *'s board of directors are considered experienced (8.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 20.2%.


Top Shareholders

Company Information

Silvergate Capital Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Silvergate Capital Corporation
  • Ticker: SI *
  • Exchange: BMV
  • Founded: 1988
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.736b
  • Listing Market Cap: US$56.225b
  • Shares outstanding: 31.63m
  • Website: https://www.silvergate.com

Number of Employees


Location

  • Silvergate Capital Corporation
  • 4250 Executive Square
  • Suite 300
  • La Jolla
  • California
  • 92037
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/24 00:00
End of Day Share Price2022/07/22 00:00
Earnings2022/06/30
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.