OTCPK:FFDF

Stock Analysis Report

Executive Summary

FFD Financial Corporation operates as the holding company for First Federal Community Bank, National Association that provides banking products and services.


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.09%

FFDF

2.9%

US Banks

5.3%

US Market


1 Year Return

6.8%

FFDF

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: FFDF exceeded the US Banks industry which returned -27.8% over the past year.

Return vs Market: FFDF exceeded the US Market which returned -10.7% over the past year.


Shareholder returns

FFDFIndustryMarket
7 Day0.09%2.9%5.3%
30 Dayn/a-26.3%-13.6%
90 Day-16.4%-39.3%-19.8%
1 Year10.0%6.8%-25.6%-27.8%-8.9%-10.7%
3 Year67.3%53.1%-17.1%-23.1%15.5%8.0%
5 Year147.7%111.6%10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FFD Financial undervalued compared to its fair value and its price relative to the market?

43.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FFDF ($56.05) is trading below our estimate of fair value ($99.17)

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


Price To Earnings Ratio

PE vs Industry: FFDF is good value based on its PE Ratio (8.7x) compared to the Banks industry average (8.9x).

PE vs Market: FFDF is good value based on its PE Ratio (8.7x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FFDF is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

-1.2%

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 FFD 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 whether FFD Financial is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access FFD Financial's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has FFD Financial performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFDF has high quality earnings.

Growing Profit Margin: FFDF's current net profit margins (37.8%) are higher than last year (36.8%).


Past Earnings Growth Analysis

Earnings Trend: FFDF's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: FFDF's earnings growth over the past year (16.1%) is below its 5-year average (18.7% per year).

Earnings vs Industry: FFDF earnings growth over the past year (16.1%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: FFDF's Return on Equity (15.4%) is considered low.


Next Steps

Financial Health

How is FFD 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: FFDF has a low level of unsold assets or inventory.

Debt Coverage by Assets: FFDF's debt is covered by short term assets (assets are 3.4x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: FFDF has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: FFDF has an appropriate level of bad loans (0.19%)


Next Steps

Dividend

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

2.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFDF's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: FFDF's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (5.37%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), FFDF'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?

17.4yrs

Average management tenure


CEO

Trent Troyer (56yo)

19.42s

Tenure

Mr. Trent B. Troyer has served as the President and Chief Executive of FFD Financial Corporation (“FFD Financial”) and First Federal Community Bank, National Association since October 2000. Mr. Troyer serv ...


Leadership Team

NamePositionTenureCompensationOwnership
Trent Troyer
President19.42yrsno data3.03% $1.7m
Gregory Dorris
Senior VP6.17yrsno data0.17% $93.5k
Scott Finnell
Executive VP & Secretary17.42yrsUS$153.28k1.78% $989.9k

17.4yrs

Average Tenure

50yo

Average Age

Experienced Management: FFDF's management team is seasoned and experienced (17.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Trent Troyer
President19.42yrsno data3.03% $1.7m
Enos Loader
Director Emeritus5.42yrsUS$49.47kno data
Robert Sensel
Director Emeritus3.42yrsUS$20.20kno data
Stephen Clinton
Chairman of the Board5.42yrsUS$21.00k1.87% $1.0m
Richard Brinkman
Independent Director17.17yrsUS$21.00k0.25% $140.1k
Leonard Gundy
Independent Director18.17yrsUS$20.20k1.03% $573.4k
David Kaufman
Independent Director12.42yrsUS$20.20k0.40% $224.2k
Matthew Beachy
Independent Director6.58yrsno data0.33% $180.9k
Douglas Bambeck
Independent Director5.42yrsno data0.71% $392.3k

5.4yrs

Average Tenure

66yo

Average Age

Experienced Board: FFDF's board of directors are considered experienced (5.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: FFD Financial Corporation
  • Ticker: FFDF
  • Exchange: OTCPK
  • Founded: 1898
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$55.634m
  • Shares outstanding: 992.58k
  • Website: https://www.firstfed.com

Number of Employees


Location

  • FFD Financial Corporation
  • 321 North Wooster Avenue
  • Dover
  • Ohio
  • 44622
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFDFOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1996

Biography

FFD Financial Corporation operates as the holding company for First Federal Community Bank, National Association that provides banking products and services. It offers various deposit products, including checking, savings, money market, health savings, and club accounts, as well as certificates of deposit and individual retirement accounts. The company also provides home mortgage loans, home equity line of credit, auto and boat loans, overdraft protection line of credit, personal loans, business term loans and lines of credit, commercial real estate loans, and equipment loans; and credit and debit cards. In addition, it offers online banking and bill pay, e-statement, overdraft protection, mobile banking, night depository, cash management, wire transfer, safe deposit box, night depository, and teller services. Further, the company through its subsidiary, FFD Risk Management, Inc., provides property and casualty insurance services. It operates branches in Dover, New Philadelphia, Boulevard, Sugarcreek, Berlin, and Mt. Hope. FFD Financial Corporation was founded in 1898 and is based in Dover, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 00:07
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.