OTCPK:FFWC

Stock Analysis Report

Executive Summary

FFW Corporation operates as the bank holding company for Crossroads Bank that provides various banking products and services.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

FFWC

1.2%

US Mortgage

1.3%

US Market


1 Year Return

-7.5%

FFWC

12.2%

US Mortgage

5.9%

US Market

Return vs Industry: FFWC underperformed the US Mortgage industry which returned 12.2% over the past year.

Return vs Market: FFWC underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

FFWCIndustryMarket
7 Day0%1.2%1.3%
30 Day-3.4%-0.6%-1.9%
90 Day0.5%2.4%-1.8%
1 Year-5.6%-7.5%14.6%12.2%8.3%5.9%
3 Year52.9%42.4%39.9%30.4%45.6%36.2%
5 Year115.3%90.9%68.7%51.1%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

22.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FFWC ($42) is trading below our estimate of fair value ($53.96)

Significantly Undervalued: FFWC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FFWC is good value based on its PE Ratio (11.1x) compared to the Mortgage industry average (14.4x).

PE vs Market: FFWC is good value based on its PE Ratio (11.1x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FFWC is good value based on its PB Ratio (1.1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FFWC's forecast earnings growth (1.2% per year) is below the savings rate (2.7%).

Earnings vs Market: FFWC's earnings (1.2% per year) are forecast to grow slower than the US market (14.4% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has FFW performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FFWC's earnings have grown by 7.8% per year over the past 5 years.

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

Earnings vs Industry: FFWC had negative earnings growth (-9.6%) over the past year, making it difficult to compare to the Mortgage industry average (31.7%).


Return on Equity

High ROE: FFWC's Return on Equity (9.7%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is FFW'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: FFWC has a low level of unsold assets or inventory.

Debt Coverage by Assets: FFWC's debt is covered by short term assets (assets are 15.265860x debt).


Financial Institutions Analysis

Asset Level: FFWC's level of assets compared to its equity is low.

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

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

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

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

Level of Bad Loans: FFWC has an appropriate level of bad loans (1.22%)


Next Steps

Dividend

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

2.19%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FFWC's dividend (2.19%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: FFWC's dividend (2.19%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: FFWC's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.3%), FFWC'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

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

8.8yrs

Average board tenure


CEO

Roger Cromer (54yo)

19.3yrs

Tenure

US$165,945

Compensation

Mr. Roger K. Cromer has been President and Chief Executive Officer of FFW Corp., since July 2000 and served as its Principal Operating Officer until June 4, 2016. Mr. Cromer serves as the Chief Executive O ...


Board Age and Tenure

8.8yrs

Average Tenure

58yo

Average Age

Experienced Board: FFWC's board of directors are considered experienced (8.8 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.


Management Team

  • Roger Cromer (54yo)

    President & CEO

    • Tenure: 19.3yrs
    • Compensation: US$165.95k
  • Sonia Niccum

    Vice President - Mortgage Loans - First Federal Savings Bank of Wabash

    • Tenure: 0yrs
  • Tony Pulley

    President - Firstfed Financial Inc

    • Tenure: 0yrs
  • Melissa Rekeweg

    Secretary

    • Tenure: 0yrs
  • Deborah Abraham

    Vice President for Loan Operations - First Federal Savings Bank of Wabash

    • Tenure: 0yrs
  • Emily Boardman

    Treasurer

    • Tenure: 11.8yrs

Board Members

  • Roger Cromer (54yo)

    President & CEO

    • Tenure: 19.3yrs
    • Compensation: US$165.95k
  • John Philippsen (67yo)

    Director

    • Tenure: 18.8yrs
  • Dan Ford (58yo)

    Chairman of the Board

    • Tenure: 4.8yrs
  • Rob Pearson

    Director

    • Tenure: 8.8yrs
  • Scott Givens

    Director

    • Tenure: 8.8yrs
  • Steve Hentgen

    Director

    • Tenure: 5.3yrs
  • Cindy Riemersma

    Director

    • Tenure: 3.6yrs

Company Information

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


Key Information

  • Name: FFW Corporation
  • Ticker: FFWC
  • Exchange: OTCPK
  • Founded: 1920
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$47.787m
  • Shares outstanding: 1.14m
  • Website: https://www.crossroadsbanking.com

Location

  • FFW Corporation
  • 1205 North Cass Street
  • PO Box 259
  • Wabash
  • Indiana
  • 46992
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFWCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1993

Biography

FFW Corporation operates as the bank holding company for Crossroads Bank that provides various banking products and services. It offers checking accounts; certificates of deposit, individual retirement acc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:34
End of Day Share Price2019/09/27 00:00
Earnings2019/06/30
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.