Broadway Financial (NasdaqCM:BYFC) - Share price, News & Analysis

BYFC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

BYFC Stock Overview

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States.

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by 76.4% per year over past 5 years

Large one-off items impacting financial results

Broadway Financial Competitors

OP Bancorp

NasdaqGM:OPBK

US$183.3m

Southern California Bancorp

OTCPK:BCAL

US$262.9m

California First Leasing

OTCPK:CFNB

US$185.1m

Mission Bancorp

OTCPK:MSBC

US$184.8m

Price History & Performance

Summary of all time highs, changes and price drops for Broadway Financial
Historical stock prices
Current Share Price	US$1.47
52 Week High	US$4.28
52 Week Low	US$1.25
Beta	0.95
1 Month Change	-6.96%
3 Month Change	-15.03%
1 Year Change	-30.99%
3 Year Change	5.76%
5 Year Change	-25.00%
Change since IPO	-69.40%

Shareholder Returns

	BYFC	US Mortgage	US Market
7D	5.0%	5.7%	0.5%
1Y	-31.0%	-31.1%	-11.5%

Return vs Industry: BYFC matched the US Mortgage industry which returned -30.2% over the past year.

Return vs Market: BYFC underperformed the US Market which returned -8.1% over the past year.

Price Volatility

Is BYFC's price volatile compared to industry and market?
BYFC volatility
BYFC Average Weekly Movement	7.1%
Mortgage Industry Average Movement	4.0%
Market Average Movement	7.9%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.0%

Stable Share Price: BYFC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BYFC's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1946	79	Brian Argrett	https://www.cityfirstbank.com

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit. The company also offers mortgage loans, which are secured by multi-family residential properties; single family residential properties; and commercial real estate, including charter schools, community facilities, and churches, as well as commercial business, construction, and consumer loans.

Broadway Financial Fundamentals Summary

How do Broadway Financial's earnings and revenue compare to its market cap?
BYFC fundamental statistics
Market Cap	US$113.01m
Earnings (TTM)	US$395.00k
Revenue (TTM)	US$28.38m

269.7x

P/E Ratio

0.8x

P/B Ratio

Is BYFC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYFC income statement (TTM)
Revenue	US$28.38m
Cost of Revenue	US$0
Gross Profit	US$28.38m
Other Expenses	US$27.98m
Earnings	US$395.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.0054
Gross Margin	100.00%
Net Profit Margin	1.39%
Debt/Equity Ratio	105.0%

How did BYFC perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

269.72x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BYFC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BYFC's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: BYFC is poor value based on its PE Ratio (269.7x) compared to the US Mortgage industry average (12.3x).

PE vs Market: BYFC is poor value based on its PE Ratio (269.7x) compared to the US market (16x).

Price to Earnings Growth Ratio

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 (0.8x) compared to the US Mortgage industry average (1x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.3%

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 Broadway Financial 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 Broadway Financial performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-76.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BYFC has a large one-off gain of $5.4M impacting its March 31 2022 financial results.

Growing Profit Margin: BYFC became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: BYFC's earnings have declined by 76.4% 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 (7.1%).

Return on Equity

High ROE: BYFC's Return on Equity (0.4%) is considered low.

Financial Health

How is Broadway 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: BYFC's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: BYFC has a sufficient allowance for bad loans (542%).

Low Risk Liabilities: 84% of BYFC's liabilities are made up of primarily low risk sources of funding.

Loan Level: BYFC has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: BYFC's Loans to Deposits ratio (78%) is appropriate.

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

Dividend

What is Broadway 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 BYFC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BYFC'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 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

Earnings 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.

Discover strong dividend paying companies

Management

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

1.1yrs

Average management tenure

CEO

Brian Argrett (57 yo)

1.08yrs

Tenure

US$912,035

Compensation

Mr. Brian E. Argrett, J.D., serves as President and CEO at City First Bank, National Association since November 1, 2011 and serves as its Vice Chairman of the Board and its Director 2011. He is Vice Chairm...

CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD912.04K) is about average for companies of similar size in the US market ($USD771.97K).

Compensation vs Earnings: Insufficient data to compare Brian's compensation with company performance.

Leadership Team

Experienced Management: BYFC's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Experienced Board: BYFC's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31