OTCPK:PFOH

Stock Analysis Report

Perpetual Federal Savings Bank

Executive Summary

Perpetual Federal Savings Bank provides financial products and services in Ohio.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has Perpetual Federal Savings Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.03%

PFOH

1.7%

US Mortgage

0.5%

US Market


1 Year Return

-7.6%

PFOH

15.4%

US Mortgage

6.8%

US Market

Return vs Industry: PFOH underperformed the US Mortgage industry which returned 15.4% over the past year.

Return vs Market: PFOH underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

PFOHIndustryMarket
7 Day0.03%1.7%0.5%
30 Day-3.2%0.6%-0.8%
90 Day-3.3%4.1%-0.9%
1 Year-3.8%-7.6%17.9%15.4%9.2%6.8%
3 Year36.7%20.4%41.2%31.7%45.6%36.2%
5 Year84.9%50.7%71.9%53.7%63.2%45.4%

Price Volatility Vs. Market

How volatile is Perpetual Federal Savings Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Perpetual Federal Savings Bank undervalued compared to its fair value and its price relative to the market?

11.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PFOH ($29.01) is trading above our estimate of fair value ($23.48)

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


Price To Earnings Ratio

PE vs Industry: PFOH is good value based on its PE Ratio (11.4x) compared to the Mortgage industry average (14.2x).

PE vs Market: PFOH is good value based on its PE Ratio (11.4x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PFOH is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Perpetual Federal Savings Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PFOH's forecast earnings growth (1.7% per year) is below the savings rate (2.7%).

Earnings vs Market: PFOH's earnings (1.7% per year) are forecast to grow slower than the US market (14.6% per year).

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

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

High Growth Revenue: Insufficient data to determine if PFOH'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 PFOH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Perpetual Federal Savings Bank performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PFOH's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: PFOH's earnings growth over the past year (11.2%) is below its 5-year average (11.7% per year).

Earnings vs Industry: PFOH earnings growth over the past year (11.2%) underperformed the Mortgage industry 31.5%.


Return on Equity

High ROE: PFOH's Return on Equity (8.7%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Perpetual Federal Savings Bank'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: PFOH has a low level of unsold assets or inventory.

Debt Coverage by Assets: PFOH's debt is covered by short term assets (assets are 3.524060x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: PFOH has an appropriate level of bad loans (0.36%)


Next Steps

Dividend

What is Perpetual Federal Savings Bank's current dividend yield, its reliability and sustainability?

4.07%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PFOH's dividend (4.07%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PFOH's dividend (4.07%) is in the top 25% of dividend payers in the US market (3.73%)

Stable Dividend: Whilst dividend payments have been stable, PFOH has been paying a dividend for less than 10 years.

Growing Dividend: PFOH's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.3%), PFOH'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 Perpetual Federal Savings Bank's salary, the management and board of directors tenure and is there insider trading?

16.8yrs

Average management tenure


CEO

Michael Melvin (74yo)

39.8yrs

Tenure

US$298,401

Compensation

Mr. Michael R. Melvin has served as Director, President and Chief Executive Officer of Perpetual Federal Savings Bank ("Perpetual ") since 1980. Mr. Melvin joined Perpetual in 1969, was elected Assistant  ...


Management Age and Tenure

16.8yrs

Average Tenure

64yo

Average Age

Experienced Management: PFOH's management team is seasoned and experienced (16.8 years average tenure).


Board Age and Tenure

6.8yrs

Average Tenure

71yo

Average Age

Experienced Board: PFOH's board of directors are considered experienced (6.8 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.


Ownership Breakdown


Management Team

  • Michael Melvin (74yo)

    President

    • Tenure: 39.8yrs
    • Compensation: US$298.40k
  • Mary Heaston

    Senior Vice President

    • Tenure: 1.8yrs
  • Chris Phelps (64yo)

    Executive VP & Corporate Secretary

    • Tenure: 0yrs
    • Compensation: US$107.48k
  • Jared Riblet (47yo)

    Treasurer

    • Tenure: 16.8yrs
    • Compensation: US$53.93k
  • Jennifer Miller

    Assistant Secretary

    • Tenure: 0yrs
  • Eric Warrick

    Internal Auditor & Compliance

    • Tenure: 0yrs

Board Members

  • Michael Melvin (74yo)

    President

    • Tenure: 39.8yrs
    • Compensation: US$298.40k
  • Hobert Neiswander (80yo)

    Independent Director

    • Tenure: 32.8yrs
    • Compensation: US$18.00k
  • Jesse Henson (85yo)

    Independent Director

    • Tenure: 32.8yrs
    • Compensation: US$18.00k
  • Steven Bohl (71yo)

    Chairman of the Board

    • Tenure: 4.5yrs
    • Compensation: US$18.00k
  • M. Woodruff (52yo)

    Independent Director

    • Tenure: 6.8yrs
  • David Vernon (51yo)

    Independent Director

    • Tenure: 6.8yrs
  • Scott Fannin (50yo)

    Director

    • Tenure: 2.8yrs

Company Information

Perpetual Federal Savings Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perpetual Federal Savings Bank
  • Ticker: PFOH
  • Exchange: OTCPK
  • Founded: 1878
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$71.655m
  • Shares outstanding: 2.47m
  • Website: https://www.pfsb-urbana.com

Location

  • Perpetual Federal Savings Bank
  • 120 North Main Street
  • PO Box 71
  • Urbana
  • Ohio
  • 43078
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFOHOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1992

Biography

Perpetual Federal Savings Bank provides financial products and services in Ohio. The company accepts various demand, savings, and time deposits. It also provides mortgage loans secured by one to four-famil ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:39
End of Day Share Price2019/10/18 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.