OTCPK:NASB

Stock Analysis Report

Executive Summary

NASB Financial, Inc. operates as the unitary thrift holding company for North American Savings Bank, F.S.B.

Snowflake

Fundamentals

Excellent balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

NASB

2.6%

US Mortgage

0.07%

US Market


1 Year Return

11.2%

NASB

20.8%

US Mortgage

8.9%

US Market

Return vs Industry: NASB underperformed the US Mortgage industry which returned 20.8% over the past year.

Return vs Market: NASB exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

NASBIndustryMarket
7 Day0.6%2.6%0.07%
30 Day-0.6%2.7%-0.3%
90 Day9.1%5.8%-1.6%
1 Year16.8%11.2%23.5%20.8%11.3%8.9%
3 Year44.5%21.5%43.1%33.3%46.3%36.8%
5 Year139.8%77.5%72.7%54.1%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NASB ($43.75) is trading above our estimate of fair value ($40.05)

Significantly Below Fair Value: NASB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NASB is good value based on its PE Ratio (8.6x) compared to the Mortgage industry average (14.5x).

PE vs Market: NASB is good value based on its PE Ratio (8.6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NASB is overvalued based on its PB Ratio (1.4x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

-7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NASB's earnings are forecast to decline over the next 3 years (-7.7% per year).

Earnings vs Market: NASB's earnings are forecast to decline over the next 3 years (-7.7% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has NASB Financial performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NASB's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: NASB's earnings growth over the past year (35%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: NASB earnings growth over the past year (35%) exceeded the Mortgage industry 30.7%.


Return on Equity

High ROE: NASB's Return on Equity (16.2%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

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

Debt Coverage by Assets: NASB's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: NASB has a low allowance for bad loans.

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

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

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

Level of Bad Loans: NASB has an appropriate level of bad loans (1.05%)


Next Steps

Dividend

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

4.57%

Current Dividend Yield


Dividend Yield vs Market

company4.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: NASB's dividend (4.57%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: NASB's dividend (4.57%) is in the top 25% of dividend payers in the US market (3.68%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.2%), NASB'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 NASB Financial's salary, the management and board of directors tenure and is there insider trading?

11.3yrs

Average board tenure


CEO

Paul Thomas (51yo)

6.4yrs

Tenure

US$846,729

Compensation

Mr. Paul L. Thomas has been the Chief Executive Officer of NASB Financial, Inc. since May 1, 2013. Mr. Thomas serves as Chief Executive Officer of North American Savings Bank at NASB Financial, Inc. He ser ...


CEO Compensation Analysis

Compensation vs. Market: Paul's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD1.81M).

Compensation vs Earnings: Insufficient data to compare Paul's compensation with company performance.


Board Age and Tenure

11.3yrs

Average Tenure

62yo

Average Age

Experienced Board: NASB's board of directors are seasoned and experienced ( 11.3 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

  • John Nesselrode (60yo)

    Vice President

    • Tenure: 0yrs
    • Compensation: US$276.39k
  • Paul Thomas (51yo)

    CEO & Director

    • Tenure: 6.4yrs
    • Compensation: US$846.73k
  • Rhonda Nyhus (54yo)

    VP & Treasurer

    • Tenure: 0yrs
    • Compensation: US$406.69k
  • Tom Wagers (62yo)

    VP & Director

    • Tenure: 2.9yrs
  • Brian Zoellner

    Corporate Secretary

    • Tenure: 0yrs

Board Members

  • David Hancock (74yo)

    Chairman of the Board

    • Tenure: 21.8yrs
    • Compensation: US$708.02k
  • Paul Thomas (51yo)

    CEO & Director

    • Tenure: 6.4yrs
    • Compensation: US$846.73k
  • Fred Arbanas (80yo)

    Director Emeritus

    • Tenure: 0.9yrs
    • Compensation: US$32.00k
  • Linda Hancock (69yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$27.50k
  • Russ Welsh (70yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$41.00k
  • Alex Hancock (42yo)

    External Director

    • Tenure: 2.9yrs
  • Tom Wagers (62yo)

    VP & Director

    • Tenure: 2.9yrs
  • Laura Brady (43yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$50.50k
  • Tom Dreyer (52yo)

    Independent Director

    • Tenure: 2.3yrs

Company Information

NASB Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NASB Financial, Inc.
  • Ticker: NASB
  • Exchange: OTCPK
  • Founded: 1927
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$322.654m
  • Shares outstanding: 7.37m
  • Website: https://www.nasb.com

Number of Employees


Location

  • NASB Financial, Inc.
  • 12498 South 71 Highway
  • Grandview
  • Missouri
  • 64030
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NASBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1985

Biography

NASB Financial, Inc. operates as the unitary thrift holding company for North American Savings Bank, F.S.B. that provides various banking services in the United States. The company accepts a range of depos ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:40
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.