First Citizens BancShares, Inc.
First Citizens BancShares, Inc. Fundamental Analysis
First Citizens BancShares, Inc. (FCNCB) shows moderate financial fundamentals with a PE ratio of 10.97, profit margin of 15.22%, and ROE of 9.94%. The company generates $17.5B in annual revenue with strong year-over-year growth of 18.21%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 63.5/100 based on profitability, valuation, growth, and balance sheet metrics. The C+ grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze FCNCB's fundamental strength across five key dimensions:
Efficiency Score
WeakFCNCB struggles to generate sufficient returns from assets.
Valuation Score
ExcellentFCNCB trades at attractive valuation levels.
Growth Score
ModerateFCNCB shows steady but slowing expansion.
Financial Health Score
ModerateFCNCB shows balanced financial health with some risks.
Profitability Score
ModerateFCNCB maintains healthy but balanced margins.
Key Financial Metrics
Is FCNCB Expensive or Cheap?
P/E Ratio
FCNCB trades at 10.97 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, FCNCB's PEG of -5.46 indicates potential undervaluation.
Price to Book
The market values First Citizens BancShares, Inc. at 1.09 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 2.53 times EBITDA. This is generally considered low.
How Well Does FCNCB Make Money?
Net Profit Margin
For every $100 in sales, First Citizens BancShares, Inc. keeps $15.22 as profit after all expenses.
Operating Margin
Core operations generate 20.49 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $9.94 in profit for every $100 of shareholder equity.
ROA
First Citizens BancShares, Inc. generates $0.96 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
First Citizens BancShares, Inc. produces operating cash flow of $3.62B, showing steady but balanced cash generation.
Free Cash Flow
First Citizens BancShares, Inc. generates strong free cash flow of $2.45B, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $164.12 in free cash annually.
FCF Yield
FCNCB converts 8.44% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
10.97
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-5.46
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.09
vs 25 benchmark
P/S Ratio
Price to sales ratio
1.66
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
1.62
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.03
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.10
vs 25 benchmark
ROA
Return on assets percentage
0.010
vs 25 benchmark
ROCE
Return on capital employed
0.04
vs 25 benchmark
How FCNCB Stacks Against Its Sector Peers
| Metric | FCNCB Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 10.97 | 18.73 | Better (Cheaper) |
| ROE | 9.94% | 847.00% | Weak |
| Net Margin | 15.22% | 2562.00% | Weak |
| Debt/Equity | 1.62 | 0.93 | Weak (High Leverage) |
| Current Ratio | 1.03 | 674.76 | Neutral |
| ROA | 0.96% | -21692.00% (disorted) | Weak |
FCNCB outperforms its industry in 1 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews First Citizens BancShares, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
548.24%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
371.65%
Industry Style: Value, Dividend, Cyclical
High GrowthFCF CAGR
301.40%
Industry Style: Value, Dividend, Cyclical
High Growth