OTCPK:CKFC

Stock Analysis Report

Executive Summary

Clarkston Financial Corporation operates as a bank holding company for Clarkston State Bank, provides a range of banking products to retail and commercial customers in Michigan.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Share Price & News

How has Clarkston Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CKFC

1.2%

US Banks

0.6%

US Market


1 Year Return

n/a

CKFC

0.03%

US Banks

6.2%

US Market

Return vs Industry: Insufficient data to determine how CKFC performed against the US Banks industry.

Return vs Market: Insufficient data to determine how CKFC performed against the US Market.


Share holder returns

CKFCIndustryMarket
7 Day0%1.2%0.6%
30 Day1.3%-2.2%-1.8%
90 Dayn/a-0.06%-2.0%
1 Yearn/a2.9%0.03%8.6%6.2%
3 Year158.8%158.8%51.4%40.9%45.7%36.3%
5 Year152.4%152.4%70.7%52.1%68.5%50.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Clarkston Financial undervalued based on future cash flows and its price relative to the stock market?

14x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate CKFC's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CKFC's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: CKFC is poor value based on its PE Ratio (14x) compared to the Banks industry average (12.5x).

PE vs Market: CKFC is good value based on its PE Ratio (14x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate CKFC's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: CKFC is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CKFC's forecast earnings growth (3.5% per year) is above the savings rate (2.7%).

Earnings vs Market: CKFC's earnings (3.5% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CKFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CKFC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CKFC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if CKFC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Clarkston Financial performed over the past 5 years?

-23.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CKFC's earnings have declined by -23.8% per year over the past 5 years.

Accelerating Growth: CKFC's earnings growth over the past year (1685.4%) exceeds its 5-year average (-23.8% per year).

Earnings vs Industry: CKFC earnings growth over the past year (1685.4%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: CKFC's Return on Equity (12.8%) is considered low.


Return on Assets

ROA vs Industry: CKFC has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CKFC's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Clarkston 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

Inventory Level: CKFC has a low level of unsold assets or inventory.

Debt Coverage by Assets: CKFC's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: CKFC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if CKFC has a sufficient allowance for bad loans.

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

Loan Level: CKFC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CKFC's loans are broadly funded by customer deposits.

Level of Bad Loans: Insufficient data to determine if CKFC has an appropriate level of bad loans.


Next Steps

Dividend

What is Clarkston Financial's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate CKFC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CKFC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CKFC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CKFC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CKFC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Clarkston Financial's salary, the management and board of directors tenure and is there insider trading?

13.0yrs

Average board tenure


CEO

James Smith (51yo)

11.8yrs

Tenure

US$85,000

Compensation

Mr. James Grant Smith serves as President from January 2006 and Chief Executive Officer from January 2008 at Clarkston Financial Corporation and President and Chief Executive Officer from January 2008 at C ...


Board Age and Tenure

13.0yrs

Average Tenure

69yo

Average Age

Experienced Board: CKFC's board of directors are seasoned and experienced ( 13 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Dawn Horner (59yo)

    President & CEO

    • Tenure: 0yrs
    • Compensation: US$71.10k
  • James Smith (51yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$85.00k

Board Members

  • Ted Simon (88yo)

    Director of Clarkston State Bank

    • Tenure: 0yrs
  • Bill Clark (69yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$6.90k
  • James Smith (51yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$85.00k
  • Tom Kimble (72yo)

    Director and Director of Clarkston State Bank

    • Tenure: 19.8yrs
    • Compensation: US$1.78k
  • Dennis Ritter

    Director of Clarkston State Bank

    • Tenure: 0yrs
  • Thomas Hinsberg

    Director

    • Tenure: 4.1yrs
  • Jeff Hakala (45yo)

    Chairman of the Board

    • Tenure: 1.4yrs
  • Todd Moss

    Director

    • Tenure: 0yrs
  • Bob Roth

    Director

    • Tenure: 0yrs
  • Richard Thompson

    Director

    • Tenure: 0yrs

Company Information

Clarkston Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clarkston Financial Corporation
  • Ticker: CKFC
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$34.250m
  • Shares outstanding: 3.31m
  • Website: https://www.clarkstonstatebank.com

Location

  • Clarkston Financial Corporation
  • 6600 Highland Road
  • Suite 2
  • Waterford
  • Michigan
  • 48327
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CKFCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 1998

Biography

Clarkston Financial Corporation operates as a bank holding company for Clarkston State Bank, provides a range of banking products to retail and commercial customers in Michigan. The company offers checking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 23:41
End of Day Share Price2019/09/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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