SouthState Bank Corp. Fundamental Analysis (NYSE: SSB)
SouthState Bank Corp. (NYSE: SSB) shows strong financial fundamentals with a PE ratio of 11.32, profit margin of 29.26%, and ROE of 10.49%. The company generates $3.2B 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 79.4/100 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
ModerateSSB shows balanced financial health with some risks.
Profitability Score
ModerateSSB maintains healthy but balanced margins.
Key Financial Metrics
Is SSB Expensive or Cheap?
P/E Ratio
SSB trades at 11.32 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, SSB's PEG of 0.27 indicates potential undervaluation.
Price to Book
The market values SouthState Bank Corp. at 1.16 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 10.80 times EBITDA. This signals the market has high growth expectations.
How Well Does SSB Make Money?
Net Profit Margin
For every $100 in sales, SouthState Bank Corp. keeps $29.26 as profit after all expenses.
Operating Margin
Core operations generate 25.87 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $10.49 in profit for every $100 of shareholder equity.
ROA
SouthState Bank Corp. generates $1.38 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
SouthState Bank Corp. generates strong operating cash flow of $1.09B, reflecting robust business health.
Free Cash Flow
SouthState Bank Corp. generates strong free cash flow of $1.06B, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $10.89 in free cash annually.
FCF Yield
SSB converts 10.14% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
11.32
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.27
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.16
vs 25 benchmark
P/S Ratio
Price to sales ratio
3.24
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.17
vs 25 benchmark
Current Ratio
Current assets to current liabilities
0.13
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
0.08
vs 25 benchmark
How SSB Stacks Against Its Sector Peers
| Metric | SSB Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 11.32 | 21.14 | Better (Cheaper) |
| ROE | 10.49% | 673.00% | Weak |
| Net Margin | 29.26% | -559.00% (disorted) | Strong |
| Debt/Equity | 0.17 | 0.74 | Strong (Low Leverage) |
| Current Ratio | 0.13 | 909.81 | Weak Liquidity |
| ROA | 1.38% | 4078559.00% | Weak |
SSB outperforms its industry in 3 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews SouthState Bank Corp.'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