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FCI

FirstCaribbean International BankTTSE:FCI Stock Report

Market Cap

TT$9.7b

7D

0.2%

1Y

-12.6%

Updated

06 Dec, 2021

Data

Company Financials
FCI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends2/6

FCI Stock Overview

FirstCaribbean International Bank Limited, together with its subsidiaries, provides various banking and financial products and services.

FirstCaribbean International Bank Competitors

Bank of Nova Scotia

TSX:BNS

CA$103.0b

Saudi National Bank

SASE:1180

ر.س286.1b

First Citizens BancShares

NasdaqGS:FCNC.A

US$7.8b

NCB Financial Group

JMSE:NCBFG

JA$278.1b

Price History & Performance

Summary of all time highs, changes and price drops for FirstCaribbean International Bank
Historical stock prices
Current Share PriceTT$6.16
52 Week HighTT$7.05
52 Week LowTT$6.06
Beta-0.077
1 Month Change-5.23%
3 Month Change-7.37%
1 Year Change-12.62%
3 Year Change-25.78%
5 Year Change-27.53%
Change since IPO7.13%

Recent News & Updates

Shareholder Returns

FCITT BanksTT Market
7D0.2%17.9%0.2%
1Y-12.6%-6.4%11.7%

Return vs Industry: FCI underperformed the TT Banks industry which returned -6.8% over the past year.

Return vs Market: FCI underperformed the TT Market which returned 12.2% over the past year.

Price Volatility

Is FCI's price volatile compared to industry and market?
FCI volatility
FCI Average Weekly Movement4.2%
Banks Industry Average Movement4.6%
Market Average Movement2.7%
10% most volatile stocks in TT Market5.4%
10% least volatile stocks in TT Market1.6%

Stable Share Price: FCI is more volatile than 75% of TT stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FCI's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of TT stocks.

About the Company

FoundedEmployeesCEOWebsite
18362,982Colette Delaney-Smithhttps://www.cibcfcib.com

FirstCaribbean International Bank Limited, together with its subsidiaries, provides various banking and financial products and services. The company operates through four segments: Retail and Business Banking, Corporate and Investment Banking, Wealth Management, and Administration. It offers chequing and savings, business, and corporate business accounts; fixed deposits and investment products; mortgage and consumer loans, personal overdraft facility, home equity loans and line of credit, merchant services and business overdraft services, business premium loans, and commercial mortgage; letters of credit; and bonds, guarantees, and indemnities.

FirstCaribbean International Bank Fundamentals Summary

How do FirstCaribbean International Bank's earnings and revenue compare to its market cap?
FCI fundamental statistics
Market CapUS$1.43b
Earnings (TTM)-US$27.72m
Revenue (TTM)US$496.16m

1.4x

P/B Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FCI income statement (TTM)
RevenueUS$496.16m
Cost of RevenueUS$0
Gross ProfitUS$496.16m
ExpensesUS$523.88m
Earnings-US$27.72m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin100.00%
Net Profit Margin-5.59%
Debt/Equity Ratio2.4%

How did FCI perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

-57%

Payout Ratio

Valuation

Is FirstCaribbean International Bank undervalued compared to its fair value and its price relative to the market?

1.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FCI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FCI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FCI is unprofitable, so we can't compare its PE Ratio to the South American Banks industry average.

PE vs Market: FCI is unprofitable, so we can't compare its PE Ratio to the TT market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FCI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FCI is overvalued based on its PB Ratio (1.4x) compared to the XS Banks industry average (1x).


Future Growth

How is FirstCaribbean International Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FirstCaribbean International Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has FirstCaribbean International Bank performed over the past 5 years?

-40.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCI is currently unprofitable.

Growing Profit Margin: FCI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FCI is unprofitable, and losses have increased over the past 5 years at a rate of 40% per year.

Accelerating Growth: Unable to compare FCI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FCI is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (23.4%).


Return on Equity

High ROE: FCI has a negative Return on Equity (-2.3%), as it is currently unprofitable.


Financial Health

How is FirstCaribbean International Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FCI's Assets to Equity ratio (11.5x) is moderate.

Allowance for Bad Loans: FCI has a sufficient allowance for bad loans (143%).

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

Loan Level: FCI has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: FCI's Loans to Deposits ratio (58%) is appropriate.

Level of Bad Loans: FCI has a high level of bad loans (3.5%).


Dividend

What is FirstCaribbean International Bank current dividend yield, its reliability and sustainability?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FCI's dividend (4.4%) is higher than the bottom 25% of dividend payers in the TT market (1.67%).

High Dividend: FCI's dividend (4.4%) is in the top 25% of dividend payers in the TT market (3.4%)


Stability and Growth of Payments

Stable Dividend: FCI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FCI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: FCI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.8yrs

Average management tenure


CEO

Colette Delaney-Smith (59 yo)

3.08yrs

Tenure

Ms. Colette Delaney-Smith has been the Chief Executive Officer at FirstCaribbean International Bank Limited and FirstCaribbean International Bank (Bahamas) Ltd. since November 1, 2018. She serves as the Ch...


Leadership Team

Experienced Management: FCI's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: FCI's board of directors are considered experienced (3.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FirstCaribbean International Bank Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FirstCaribbean International Bank Limited
  • Ticker: FCI
  • Exchange: TTSE
  • Founded: 1836
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: TT$9.715b
  • Shares outstanding: 1.58b
  • Website: https://www.cibcfcib.com

Number of Employees


Location

  • FirstCaribbean International Bank Limited
  • Warrens
  • PO Box 503
  • St. Michael
  • Barbados

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/06 21:43
End of Day Share Price2021/12/06 00:00
Earnings2021/07/31
Annual Earnings2020/10/31


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.