SCYT

Security Bancorp OTCPK:SCYT Stock Report

Last Price

US$63.00

Market Cap

US$23.4m

7D

0%

1Y

-4.5%

Updated

08 Aug, 2022

Data

Company Financials
SCYT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends2/6

SCYT Stock Overview

Security Bancorp, Inc. operates as the bank holding company for Security Federal Savings Bank that provides banking products and services to individual and corporate customers in Tennessee.

Security Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Security Bancorp
Historical stock prices
Current Share PriceUS$63.00
52 Week HighUS$68.80
52 Week LowUS$59.00
Beta0.087
1 Month Change-5.97%
3 Month Changen/a
1 Year Change-4.55%
3 Year Changen/a
5 Year Changen/a
Change since IPO334.48%

Recent News & Updates

Shareholder Returns

SCYTUS BanksUS Market
7D0%0.06%1.1%
1Y-4.5%-14.7%-13.0%

Return vs Industry: SCYT exceeded the US Banks industry which returned -14.1% over the past year.

Return vs Market: SCYT exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is SCYT's price volatile compared to industry and market?
SCYT volatility
SCYT Average Weekly Movementn/a
Banks Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: Insufficient data to determine SCYT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SCYT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960n/aJoe Pughhttps://www.secfed.net

Security Bancorp, Inc. operates as the bank holding company for Security Federal Savings Bank that provides banking products and services to individual and corporate customers in Tennessee. The company’s deposit products include checking and savings accounts, and certificates of deposit. It also offers consumer loans; mortgage loans; commercial loans, including installment loans and lines of credit; residential real estate loans; and acquisition and development loans.

Security Bancorp Fundamentals Summary

How do Security Bancorp's earnings and revenue compare to its market cap?
SCYT fundamental statistics
Market CapUS$23.39m
Earnings (TTM)US$2.60m
Revenue (TTM)US$9.66m

9.0x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCYT income statement (TTM)
RevenueUS$9.66m
Cost of RevenueUS$0
Gross ProfitUS$9.66m
Other ExpensesUS$7.06m
EarningsUS$2.60m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.01
Gross Margin100.00%
Net Profit Margin26.92%
Debt/Equity Ratio7.2%

How did SCYT perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

0%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SCYT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCYT?

Other financial metrics that can be useful for relative valuation.

SCYT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SCYT's PE Ratio compare to its peers?

SCYT PE Ratio vs Peers
The above table shows the PE ratio for SCYT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.4x
CYSM Community Bancorp of Santa Maria
7.9xn/aUS$22.4m
FIBH First Bancshares (Bellevue OH)
7.4xn/aUS$22.3m
JFWV Jefferson Security Bank
7xn/aUS$25.1m
ELMA Elmer Bancorp
11.3xn/aUS$20.7m
SCYT Security Bancorp
9xn/aUS$23.4m

Price-To-Earnings vs Peers: SCYT is expensive based on its Price-To-Earnings Ratio (9x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does SCYT's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: SCYT is good value based on its Price-To-Earnings Ratio (9x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is SCYT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SCYT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SCYT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SCYT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SCYT ($63) is trading below our estimate of fair value ($103.26)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.5%

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 Security Bancorp 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.


Discover growth companies

  • Examine whether Security Bancorp 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 Security Bancorp's filings and announcements here.

Past Performance

How has Security Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SCYT has high quality earnings.

Growing Profit Margin: SCYT's current net profit margins (26.9%) are higher than last year (24.9%).


Past Earnings Growth Analysis

Earnings Trend: SCYT's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: SCYT's earnings growth over the past year (13.5%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: SCYT earnings growth over the past year (13.5%) exceeded the Banks industry 10.1%.


Return on Equity

High ROE: SCYT's Return on Equity (9.4%) is considered low.


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Financial Health

How is Security Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SCYT's Assets to Equity ratio (10.5x) is moderate.

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

Low Risk Liabilities: 98% of SCYT's liabilities are made up of primarily low risk sources of funding.

Loan Level: SCYT has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: SCYT's Loans to Deposits ratio (70%) is appropriate.

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


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Dividend

What is Security Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SCYT's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: SCYT's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (4.1%).


Stability and Growth of Payments

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

Growing Dividend: SCYT's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: Unable to calculate sustainability of dividends as SCYT has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


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Management

How experienced are the management team and are they aligned to shareholders interests?

25.6yrs

Average board tenure


CEO

Joe Pugh (66 yo)

25.58yrs

Tenure

US$189,617

Compensation

Mr. Joe H. Pugh has been the President and Chief Executive Officer of the Savings Bank since 1993 and President and Chief Executive Officer of Security Bancorp Inc. since its inception in 1997. Mr. Pugh se...


Board Members

Experienced Board: SCYT's board of directors are seasoned and experienced ( 25.6 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

Security Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Security Bancorp, Inc.
  • Ticker: SCYT
  • Exchange: OTCPK
  • Founded: 1960
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$23.385m
  • Shares outstanding: 371.20k
  • Website: https://www.secfed.net

Location

  • Security Bancorp, Inc.
  • 306 West Main Street
  • McMinnville
  • Tennessee
  • 37110
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/07/27 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.