NasdaqCM:BYFC

Stock Analysis Report

Executive Summary

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Broadway Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

BYFC

1.9%

US Mortgage

1.8%

US Market


1 Year Return

37.2%

BYFC

14.2%

US Mortgage

7.3%

US Market

Return vs Industry: BYFC exceeded the US Mortgage industry which returned 14.2% over the past year.

Return vs Market: BYFC exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

BYFCIndustryMarket
7 Day0%1.9%1.8%
30 Day0.6%0.5%-0.7%
90 Day-12.6%3.7%0.06%
1 Year37.2%37.2%16.7%14.2%9.7%7.3%
3 Year4.4%4.4%40.6%31.1%46.3%36.9%
5 Year15.3%15.3%71.8%53.7%64.5%46.5%

Price Volatility Vs. Market

How volatile is Broadway Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Broadway Financial undervalued compared to its fair value and its price relative to the market?

38.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BYFC ($1.66) is trading above our estimate of fair value ($0.22)

Significantly Undervalued: BYFC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BYFC is poor value based on its PE Ratio (38.2x) compared to the Mortgage industry average (14.5x).

PE vs Market: BYFC is poor value based on its PE Ratio (38.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BYFC is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Broadway Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYFC's forecast earnings growth (22.2% per year) is above the savings rate (2.7%).

Earnings vs Market: BYFC's earnings (22.2% per year) are forecast to grow faster than the US market (14.6% per year).

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

Revenue vs Market: Insufficient data to determine if BYFC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BYFC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if BYFC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Broadway Financial performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BYFC's earnings have declined by -20% per year over the past 5 years.

Accelerating Growth: BYFC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BYFC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (31.3%).


Return on Equity

High ROE: BYFC's Return on Equity (2.4%) is considered low.


Return on Assets

ROA vs Industry: BYFC's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BYFC's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Broadway Financial'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

Inventory Level: BYFC has a low level of unsold assets or inventory.

Debt Coverage by Assets: BYFC's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: BYFC's level of assets compared to its equity is low.

Allowance for Bad Loans: BYFC has a sufficient allowance for bad loans.

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

Loan Level: BYFC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BYFC's loans are broadly funded by customer deposits.

Level of Bad Loans: BYFC has an appropriate level of bad loans (0.2%)


Next Steps

Dividend

What is Broadway Financial's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: BYFC is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Broadway Financial's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Wayne-Kent Bradshaw (72yo)

7.8yrs

Tenure

US$746,587

Compensation

Mr. Wayne-Kent A. Bradshaw is the President and Chief Executive Officer of Broadway Financial Corporation (the “Company”) and Broadway Federal Bank, F.S.B. (the “Bank”). Mr. Bradshaw joined the Company in  ...


CEO Compensation Analysis

Compensation vs. Market: Wayne-Kent's total compensation ($USD746.59K) is about average for companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: Wayne-Kent's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.8yrs

Average Tenure

68yo

Average Age

Experienced Management: BYFC's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

7.1yrs

Average Tenure

72yo

Average Age

Experienced Board: BYFC's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Wayne-Kent Bradshaw (72yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$746.59k
  • Mildred Cayton

    First VP & Controller

    • Tenure: 0yrs
  • Sandy Bellefeuille (66yo)

    Executive VP & Chief Loan Officer of Broadway Federal Bank FSB

    • Tenure: 7.3yrs
    • Compensation: US$294.71k
  • Brenda Battey (61yo)

    Executive VP & CFO

    • Tenure: 6.3yrs
    • Compensation: US$267.59k
  • Ruth McCloud (70yo)

    Executive VP & Chief Retail Banking Officer of Broadway Federal Bank FSB

    • Tenure: 5.3yrs
    • Compensation: US$228.30k
  • Alice Wong

    VP & Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Robert Davidson (73yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$40.02k
  • Wayne-Kent Bradshaw (72yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$746.59k
  • Virgil Roberts (72yo)

    Chairman of the Board

    • Tenure: 7.1yrs
    • Compensation: US$41.50k
  • Dan Medina (61yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$33.50k
  • Dutch Ross (72yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$33.50k
  • Jack Thompson (47yo)

    Director

    • Tenure: 0.8yrs
  • Erin Selleck (62yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$33.50k

Company Information

Broadway Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Broadway Financial Corporation
  • Ticker: BYFC
  • Exchange: NasdaqCM
  • Founded: 1946
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$45.223m
  • Shares outstanding: 27.24m
  • Website: https://www.broadwayfederalbank.com

Number of Employees


Location

  • Broadway Financial Corporation
  • 5055 Wilshire Boulevard
  • Suite 500
  • Los Angeles
  • California
  • 90036
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYFCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1996

Biography

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in the United States. The company offers various deposit accou ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:32
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.