Fulton Financial Corporation

NasdaqGS:FULT Stock Report

Mkt Cap: US$2.9b

We’ve recently updated our valuation analysis.

Fulton Financial Valuation

Is FULT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FULT?

Other financial metrics that can be useful for relative valuation.

FULT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does FULT's PE Ratio compare to its peers?

The above table shows the PE ratio for FULT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
BKU BankUnited
10.7x-1.9%US$3.0b
AUB Atlantic Union Bankshares
13.5x7.7%US$3.0b
BANF BancFirst
14.6x0.5%US$2.8b
BOH Bank of Hawaii
14.6x-4.4%US$3.2b
FULT Fulton Financial
10.5x7.6%US$2.9b


Price to Earnings Ratio vs Industry

How does FULT's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.8%
n/an/an/a


Price to Earnings Ratio vs Fair Ratio

What is FULT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FULT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: FULT is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).


Share Price vs Fair Value

What is the Fair Price of FULT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FULT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.28
US$17.71
+2.5%
6.0%US$20.00US$17.00n/a7
Jan ’24US$16.83
US$19.08
+13.4%
5.7%US$21.00US$18.00n/a6
Dec ’23US$18.52
US$19.08
+3.0%
5.7%US$21.00US$18.00n/a6
Nov ’23US$18.25
US$19.08
+4.6%
5.7%US$21.00US$18.00n/a6
Oct ’23US$15.80
US$18.83
+19.2%
7.1%US$21.00US$17.00n/a6
Sep ’23US$16.22
US$18.67
+15.1%
6.7%US$21.00US$17.00n/a6
Aug ’23US$16.67
US$18.67
+12.0%
6.7%US$21.00US$17.00n/a6
Jul ’23US$14.59
US$19.08
+30.8%
7.2%US$21.00US$17.00n/a6
Jun ’23US$15.68
US$19.08
+21.7%
7.2%US$21.00US$17.00n/a6
May ’23US$15.17
US$19.08
+25.8%
7.2%US$21.00US$17.00n/a6
Apr ’23US$16.66
US$20.25
+21.5%
4.0%US$21.50US$19.00n/a6
Mar ’23US$17.39
US$20.25
+16.4%
2.8%US$21.50US$20.00n/a6
Feb ’23US$18.19
US$20.25
+11.3%
2.8%US$21.50US$20.00US$16.916
Jan ’23US$17.00
US$17.67
+3.9%
7.1%US$20.00US$16.00US$16.836
Dec ’22US$15.66
US$17.42
+11.2%
4.8%US$18.50US$16.00US$18.526
Nov ’22US$16.66
US$17.42
+4.5%
4.8%US$18.50US$16.00US$18.256
Oct ’22US$15.55
US$16.50
+6.1%
4.9%US$17.50US$15.00US$15.806
Sep ’22US$15.70
US$16.50
+5.1%
4.9%US$17.50US$15.00US$16.226
Aug ’22US$15.32
US$16.50
+7.7%
4.9%US$17.50US$15.00US$16.676
Jul ’22US$15.89
US$17.08
+7.5%
6.0%US$18.00US$15.00US$14.596
Jun ’22US$17.39
US$17.08
-1.8%
6.0%US$18.00US$15.00US$15.686
May ’22US$17.05
US$17.08
+0.2%
6.0%US$18.00US$15.00US$15.176
Apr ’22US$17.13
US$16.14
-5.8%
11.7%US$20.00US$15.00US$16.667
Mar ’22US$16.01
US$15.00
-6.3%
7.1%US$17.00US$13.00US$17.397
Feb ’22US$13.64
US$15.00
+10.0%
7.1%US$17.00US$13.00US$18.197


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