NasdaqGS:CAC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Camden National's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.4%

CAC

3.9%

US Banks

-0.4%

US Market


1 Year Return

-23.5%

CAC

-26.3%

US Banks

18.3%

US Market

Return vs Industry: CAC exceeded the US Banks industry which returned -26.3% over the past year.

Return vs Market: CAC underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

CACIndustryMarket
7 Day4.4%3.9%-0.4%
30 Day14.2%12.0%6.6%
90 Day1.7%5.4%8.6%
1 Year-20.5%-23.5%-23.6%-26.3%21.0%18.3%
3 Year-17.5%-24.7%-16.3%-23.3%42.1%32.7%
5 Year47.8%28.4%21.9%6.8%85.6%64.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Camden National undervalued compared to its fair value and its price relative to the market?

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAC ($33.46) is trading below our estimate of fair value ($48.44)

Significantly Below Fair Value: CAC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CAC is good value based on its PE Ratio (9.4x) compared to the US Banks industry average (10.2x).

PE vs Market: CAC is good value based on its PE Ratio (9.4x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CAC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CAC is overvalued based on its PB Ratio (1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Camden National forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAC's earnings are forecast to decline over the next 3 years (-7.4% per year).

Earnings vs Market: CAC's earnings are forecast to decline over the next 3 years (-7.4% per year).

High Growth Earnings: CAC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CAC's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: CAC's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAC's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has Camden National performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAC has high quality earnings.

Growing Profit Margin: CAC's current net profit margins (32.8%) are lower than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: CAC's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: CAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CAC had negative earnings growth (-2.4%) over the past year, making it difficult to compare to the Banks industry average (-3.2%).


Return on Equity

High ROE: CAC's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Camden National'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: CAC's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: CAC has a sufficient allowance for bad loans (311%).

Low Risk Liabilities: 90% of CAC's liabilities are made up of primarily low risk sources of funding.

Loan Level: CAC has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: CAC's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: CAC has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

What is Camden National current dividend yield, its reliability and sustainability?

3.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAC's dividend (3.95%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: CAC's dividend (3.95%) is low compared to the top 25% of dividend payers in the US market (4.56%).


Stability and Growth of Payments

Stable Dividend: CAC's dividends per share have been stable in the past 10 years.

Growing Dividend: CAC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.2%), CAC's dividend payments are well covered by earnings.


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?

3.1yrs

Average management tenure


CEO

Greg Dufour (59 yo)

11.75yrs

Tenure

US$2,664,199

Compensation

Mr. Gregory A. Dufour, also known as Greg, has been President, Chief Executive Officer and Director of Camden National Corporation (“Company”) since January 2009. Mr. Dufour joined Camden National Corporat ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD2.66M) is above average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Dufour
President11.75yrsUS$2.66m0.67%
$ 3.4m
Joanne Campbell
Executive VP of Risk Management19.75yrsUS$993.35k0.11%
$ 572.3k
Patricia Rose
Executive Vice President of Retail & Mortgage Banking3.08yrsUS$472.17k0.056%
$ 282.6k
Ann Bresnahan
Secretary & Independent Director30.75yrsUS$56.90k0.33%
$ 1.6m
Timothy Nightingale
Executive VP & Senior Loan Officer14.08yrsUS$605.00k0.35%
$ 1.7m
Gregory White
Executive VP0.50yrno data0.013%
$ 64.5k
William Martel
Executive Vice President of Technology and Support Services0.58yrno data0.016%
$ 81.0k
Michael Archer
Senior VP & Corporate Controllerno datano datano data
Renée Smyth
Executive VP and Chief Experience & Marketing Officer3.42yrsno datano data
Edward Walbridge
Senior VP & Human Resources Directorno datano datano data
Carolyn Carson-Crosby
Senior Vice President of Employee Relations and Engagement Managerno datano datano data
Jennifer Mirabile
Senior VP & MD of Camden National Wealth Management3.08yrsno data0.011%
$ 55.7k

3.1yrs

Average Tenure

58yo

Average Age

Experienced Management: CAC's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Dufour
President11.75yrsUS$2.66m0.67%
$ 3.4m
Ann Bresnahan
Secretary & Independent Director30.75yrsUS$56.90k0.33%
$ 1.6m
Robin Sawyer
Independent Directorno dataUS$49.78k0.039%
$ 192.8k
David Flanagan
Independent Director15.08yrsUS$65.35k0.11%
$ 525.9k
James Page
Independent Director12.67yrsUS$50.28k0.037%
$ 185.0k
Sara Longley
Independent Director6.5yrsUS$63.08k0.043%
$ 215.0k
Lawrence Sterrs
Independent Chairman of the Board3.08yrsUS$94.43k0.042%
$ 210.7k
Carl Soderberg
Independent Director5yrsUS$52.33k0.48%
$ 2.4m
Craig Denekas
Independent Director3.5yrsUS$56.40k0.031%
$ 154.3k
Marie McCarthy
Independent Director2.25yrsUS$44.83k0.020%
$ 101.0k

6.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CAC's board of directors are considered experienced (6.5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Camden National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Camden National Corporation
  • Ticker: CAC
  • Exchange: NasdaqGS
  • Founded: 1875
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$500.668m
  • Shares outstanding: 14.96m
  • Website: https://www.camdennational.com

Number of Employees


Location

  • Camden National Corporation
  • 2 Elm Street
  • Camden
  • Maine
  • 4843
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CACNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1997
3LRDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1997

Biography

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:54
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.