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BYFC

Broadway Financial NasdaqCM:BYFC Stock Report

Last Price

US$1.47

Market Cap

US$113.0m

7D

5.0%

1Y

-31.0%

Updated

18 May, 2022

Data

Company Financials
BYFC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

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.

Broadway Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Broadway Financial
Historical stock prices
Current Share PriceUS$1.47
52 Week HighUS$4.28
52 Week LowUS$1.25
Beta0.95
1 Month Change-6.96%
3 Month Change-15.03%
1 Year Change-30.99%
3 Year Change5.76%
5 Year Change-25.00%
Change since IPO-69.40%

Recent News & Updates

Shareholder Returns

BYFCUS MortgageUS Market
7D5.0%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 Movement7.1%
Mortgage Industry Average Movement4.0%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
194679Brian Argretthttps://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 CapUS$113.01m
Earnings (TTM)US$395.00k
Revenue (TTM)US$28.38m

269.7x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYFC income statement (TTM)
RevenueUS$28.38m
Cost of RevenueUS$0
Gross ProfitUS$28.38m
Other ExpensesUS$27.98m
EarningsUS$395.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0054
Gross Margin100.00%
Net Profit Margin1.39%
Debt/Equity Ratio105.0%

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.


Top Shareholders

Company Information

Broadway Financial Corporation's 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
  • Implied Market Cap: US$113.007m
  • Shares outstanding: 72.44m
  • Website: https://www.cityfirstbank.com

Number of Employees


Location

  • Broadway Financial Corporation
  • 4601 Wilshire Boulevard
  • Suite 150
  • Los Angeles
  • California
  • 90010
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2022/03/31
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.