Broadway Financial
Market Cap
US$57.1m
Last Updated
2020/09/26 05:46 UTC
Data Sources
Company Financials
Executive Summary
Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
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
Stable Share Price: BYFC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
41.5%
BYFC
-6.4%
US Mortgage
-2.4%
US Market
1 Year Return
35.1%
BYFC
-27.0%
US Mortgage
12.0%
US Market
Return vs Industry: BYFC exceeded the US Mortgage industry which returned -27% over the past year.
Return vs Market: BYFC exceeded the US Market which returned 12% over the past year.
Shareholder returns
| BYFC | Industry | Market | |
|---|---|---|---|
| 7 Day | 41.5% | -6.4% | -2.4% |
| 30 Day | 16.2% | -14.6% | -6.5% |
| 90 Day | 8.3% | -16.9% | 8.4% |
| 1 Year | 35.1%35.1% | -24.9%-27.0% | 14.5%12.0% |
| 3 Year | -10.3%-10.3% | 5.3%-3.8% | 34.8%25.8% |
| 5 Year | 41.5%41.5% | 4.7%-9.1% | 82.1%61.6% |
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
6 months ago | Simply Wall St
Is Broadway Financial Corporation (NASDAQ:BYFC) Overpaying Its CEO?7 months ago | Simply Wall St
Should Broadway Financial (NASDAQ:BYFC) Be Disappointed With Their 20% Profit?8 months ago | Simply Wall St
Should You Be Concerned About Broadway Financial Corporation's (NASDAQ:BYFC) Historical Volatility?Valuation
Is Broadway Financial undervalued compared to its fair value and its price relative to the market?
1.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BYFC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BYFC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BYFC is unprofitable, so we can't compare its PE Ratio to the US Mortgage industry average.
PE vs Market: BYFC is unprofitable, so we can't compare its PE Ratio to the US market.
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 overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Broadway Financial 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 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.
Next Steps
- Examine Broadway Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Banks industry.
Past Performance
How has Broadway Financial performed over the past 5 years?
-54.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYFC is currently unprofitable.
Growing Profit Margin: BYFC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BYFC is unprofitable, and losses have increased over the past 5 years at a rate of 54.8% per year.
Accelerating Growth: Unable to compare BYFC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BYFC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (6.7%).
Return on Equity
High ROE: BYFC has a negative Return on Equity (-0.33%), as it is currently unprofitable.
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
Financial Institutions Analysis
Asset Level: BYFC's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: BYFC has a sufficient allowance for bad loans (380%).
Low Risk Liabilities: 71% 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 (76%).
Low Risk Deposits: BYFC's Loans to Deposits ratio (119%) is appropriate.
Level of Bad Loans: BYFC has an appropriate level of bad loans (0.2%).
Next Steps
Dividend
What is Broadway Financial current dividend yield, its reliability and sustainability?
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
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
How experienced are the management team and are they aligned to shareholders interests?
7.7yrs
Average management tenure
CEO
Wayne-Kent Bradshaw (73 yo)
8.67yrs
Tenure
US$745,063
Compensation
Mr. Wayne-Kent A. Bradshaw is the President and Chief Executive Officer of Broadway Financial Corporation (the “Company”) and Broadway Federal Bank, F.S.B. (the “Bank”). Mr. Bradshaw joined the Company in ...
CEO Compensation Analysis
Compensation vs Market: Wayne-Kent's total compensation ($USD745.06K) is about average for companies of similar size in the US market ($USD606.53K).
Compensation vs Earnings: Wayne-Kent's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.67yrs | US$745.06k | 1.26% $ 720.7k | |
| Executive VP & CFO | 7.25yrs | US$316.42k | 0.30% $ 169.1k | |
| Executive VP & Chief Loan Officer of Broadway Federal Bank FSB | 8.17yrs | US$344.35k | 0.50% $ 284.2k | |
| Executive VP & Chief Retail Banking Officer of Broadway Federal Bank FSB | 6.17yrs | US$270.00k | 0.26% $ 147.7k | |
| First VP & Controller | no data | no data | no data | |
| VP & Corporate Secretary | no data | no data | no data |
7.7yrs
Average Tenure
69yo
Average Age
Experienced Management: BYFC's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.67yrs | US$745.06k | 1.26% $ 720.7k | |
| Independent Director | 17.67yrs | US$42.02k | 0.31% $ 177.1k | |
| Independent Chairman of the Board | 8yrs | US$43.50k | 0.14% $ 82.1k | |
| Independent Director | 23.67yrs | US$34.50k | 0.25% $ 140.4k | |
| Independent Director | 4.58yrs | US$35.50k | 0.10% $ 59.5k | |
| Director | 1.67yrs | US$29.50k | 0.041% $ 23.3k | |
| Independent Director | 5.33yrs | US$34.50k | 0.076% $ 43.4k |
8.0yrs
Average Tenure
73yo
Average Age
Experienced Board: BYFC's board of directors are considered experienced (8 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 not been meaningfully diluted in the past year.
Top Shareholders
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$57.108m
- Shares outstanding: 27.46m
- Website: https://www.broadwayfederalbank.com
Number of Employees
Location
- Broadway Financial Corporation
- 5055 Wilshire Boulevard
- Suite 500
- Los Angeles
- California
- 90036
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BYFC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jan 1996 |
Biography
Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides various banking products and services in the United States. It accepts various deposit account ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 05:46 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.