SouthState Corporation
SouthState Corporation Fundamental Analysis
SouthState Corporation (SSB) shows strong financial fundamentals with a PE ratio of 9.71, profit margin of 24.75%, and ROE of 10.42%. The company generates $3.7B in annual revenue with strong year-over-year growth of 57.01%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 82.7/100 based on profitability, valuation, growth, and balance sheet metrics. The B+ grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze SSB's fundamental strength across five key dimensions:
Efficiency Score
WeakSSB struggles to generate sufficient returns from assets.
Valuation Score
ExcellentSSB trades at attractive valuation levels.
Growth Score
ExcellentSSB delivers strong and consistent growth momentum.
Financial Health Score
ExcellentSSB maintains a strong and stable balance sheet.
Profitability Score
ModerateSSB maintains healthy but balanced margins.
Key Financial Metrics
Is SSB Expensive or Cheap?
P/E Ratio
SSB trades at 9.71 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, SSB's PEG of 0.21 indicates potential undervaluation.
Price to Book
The market values SouthState Corporation at 1.01 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 6.32 times EBITDA. This is generally considered low.
How Well Does SSB Make Money?
Net Profit Margin
For every $100 in sales, SouthState Corporation keeps $24.75 as profit after all expenses.
Operating Margin
Core operations generate 32.20 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $10.42 in profit for every $100 of shareholder equity.
ROA
SouthState Corporation generates $1.38 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
SouthState Corporation produces operating cash flow of $590.49M, showing steady but balanced cash generation.
Free Cash Flow
SouthState Corporation generates strong free cash flow of $570.82M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $5.84 in free cash annually.
FCF Yield
SSB converts 6.39% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
9.71
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.21
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.005
vs 25 benchmark
P/S Ratio
Price to sales ratio
2.38
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.15
vs 25 benchmark
Current Ratio
Current assets to current liabilities
11.08
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.10
vs 25 benchmark
ROA
Return on assets percentage
0.01
vs 25 benchmark
ROCE
Return on capital employed
0.02
vs 25 benchmark
How SSB Stacks Against Its Sector Peers
| Metric | SSB Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 9.71 | 18.83 | Better (Cheaper) |
| ROE | 10.42% | 822.00% | Weak |
| Net Margin | 24.75% | 2005.00% | Weak |
| Debt/Equity | 0.15 | 1.01 | Strong (Low Leverage) |
| Current Ratio | 11.08 | 673.11 | Strong Liquidity |
| ROA | 1.38% | -23560.00% (disorted) | Weak |
SSB outperforms its industry in 3 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews SouthState Corporation's 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
69.93%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
262.29%
Industry Style: Value, Dividend, Cyclical
High GrowthFCF CAGR
-148.08%
Industry Style: Value, Dividend, Cyclical
Declining