OTCPK:SNNF

Stock Analysis Report

Executive Summary

Seneca Financial Corp. operates as the holding company for Seneca Federal Savings and Loan Association, a community-oriented savings and loan institution, which primarily accepts deposits from customers within its market area and invests those funds in residential mortgage loans.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

SNNF

1.1%

US Mortgage

1.0%

US Market


1 Year Return

7.3%

SNNF

13.0%

US Mortgage

6.7%

US Market

Return vs Industry: SNNF underperformed the US Mortgage industry which returned 13% over the past year.

Return vs Market: SNNF matched the US Market which returned 6.7% over the past year.


Share holder returns

SNNFIndustryMarket
7 Day0%1.1%1.0%
30 Day1.1%-0.5%-1.8%
90 Day3.9%2.2%-1.8%
1 Year7.3%7.3%15.4%13.0%9.1%6.7%
3 Yearn/a40.4%30.9%46.1%36.6%
5 Yearn/a68.9%51.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Seneca Financial undervalued based on future cash flows and its price relative to the stock market?

16.84x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: SNNF ($9.25) is trading above our estimate of fair value ($0.52)

Significantly Undervalued: SNNF is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: SNNF is poor value based on its PE Ratio (16.8x) compared to the Mortgage industry average (14.5x).

PE vs Market: SNNF is good value based on its PE Ratio (16.8x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: SNNF is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SNNF's forecast earnings growth (15.6% per year) is above the savings rate (2.7%).

Earnings vs Market: SNNF's earnings (15.6% per year) are forecast to grow faster than the US market (14.5% per year).

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

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Seneca Financial performed over the past 5 years?

23.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SNNF's earnings have grown significantly by 23.8% per year over the past 5 years.

Accelerating Growth: SNNF's earnings growth over the past year (65.1%) exceeds its 5-year average (23.8% per year).

Earnings vs Industry: SNNF earnings growth over the past year (65.1%) exceeded the Mortgage industry 31.7%.


Return on Equity

High ROE: SNNF's Return on Equity (5.1%) is considered low.


Return on Assets

ROA vs Industry: SNNF's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

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

Debt Coverage by Assets: SNNF's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: SNNF has an appropriate level of bad loans (0.43%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate SNNF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SNNF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SNNF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SNNF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SNNF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Joseph Vitale (47yo)

6yrs

Tenure

US$201,130

Compensation

Mr. Joseph G. Vitale serves as President, Chief Executive Officer and Director of Seneca Savings (MHC) (“Seneca”) since October 2013. Mr. Vitale has served as President, Chief Executive Officer and Directo ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Joseph's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: SNNF's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

52yo

Average Age

Experienced Board: SNNF's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$6,73428 May 19
Joseph Vitale
EntityIndividual
Role
Chief Executive Officer
President
Shares783
Max PriceUS$8.60
BuyUS$86023 May 19
Kenneth Major
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100
Max PriceUS$8.60
BuyUS$8,83003 Dec 18
Joseph Vitale
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$8.83

Ownership Breakdown


Management Team

  • Vince Fazio (58yo)

    Executive VP

    • Tenure: 2.4yrs
    • Compensation: US$132.25k
  • Joseph Vitale (47yo)

    President

    • Tenure: 6yrs
    • Compensation: US$201.13k
  • Angelo Testani

    Assistant Vice President Lending

    • Tenure: 1.7yrs
  • Tom Mavretish

    VP & Controller

    • Tenure: 1.7yrs
  • Jamie Nastri

    Corporate Secretary

    • Tenure: 0yrs
  • Rebecca Smith

    Assistant Vice President of Lending

    • Tenure: 1.8yrs

Board Members

  • William Le Beau (70yo)

    Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$30.95k
  • Vince Fazio (58yo)

    Executive VP

    • Tenure: 2.4yrs
    • Compensation: US$132.25k
  • Joseph Vitale (47yo)

    President

    • Tenure: 6yrs
    • Compensation: US$201.13k
  • Francis Marlowe (71yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$23.30k
  • James Hickey (52yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$24.45k
  • Robert Savicki (43yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$14.15k
  • Kenneth Major (49yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$8.30k

Company Information

Seneca Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seneca Financial Corp.
  • Ticker: SNNF
  • Exchange: OTCPK
  • Founded:
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$17.695m
  • Shares outstanding: 1.91m
  • Website: https://www.senecasavings.com

Number of Employees


Location

  • Seneca Financial Corp.
  • 35 Oswego Street
  • Baldwinsville
  • New York
  • 13027
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNNFOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2017

Biography

Seneca Financial Corp. operates as the holding company for Seneca Federal Savings and Loan Association, a community-oriented savings and loan institution, which primarily accepts deposits from customers wi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:19
End of Day Share Price2019/10/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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