Financials First Horizon Corporation

Equities

FHN

US3205171057

Banks

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
14.81 USD +0.07% Intraday chart for First Horizon Corporation +1.23% +4.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,153 7,079 8,830 13,152 7,912 8,131 - -
Enterprise Value (EV) 1 5,153 7,079 8,830 13,152 7,912 8,131 8,131 8,131
P/E ratio 12 x 6.75 x 9.39 x - 9.19 x 9.96 x 8.98 x 7.63 x
Yield 3.38% 4.7% 3.67% 2.45% 4.24% 4.06% 4.19% 4.05%
Capitalization / Revenue 2.76 x 2.24 x 2.87 x 4.08 x 2.27 x 2.44 x 2.35 x 2.19 x
EV / Revenue 2.76 x 2.24 x 2.87 x 4.08 x 2.27 x 2.44 x 2.35 x 2.19 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.1 x 0.94 x 1.13 x 1.82 x 0.93 x 0.91 x 0.85 x 0.83 x
Nbr of stocks (in thousands) 311,184 554,788 540,750 536,804 558,770 549,000 - -
Reference price 2 16.56 12.76 16.33 24.50 14.16 14.81 14.81 14.81
Announcement Date 1/17/20 1/22/21 1/20/22 1/18/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,864 3,166 3,082 3,221 3,483 3,339 3,464 3,712
EBITDA - - - - - - - -
EBIT 1 747 1,073 1,222 1,362 1,370 1,345 1,396 -
Operating Margin 40.07% 33.89% 39.65% 42.29% 39.33% 40.3% 40.3% -
Earnings before Tax (EBT) 1 585.7 933 1,285 1,159 1,128 1,091 1,164 1,247
Net income 1 434.7 822 962 - 865 805.9 852.5 977.9
Net margin 23.32% 25.96% 31.21% - 24.83% 24.14% 24.61% 26.34%
EPS 2 1.380 1.890 1.740 - 1.540 1.487 1.650 1.942
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.5600 0.6000 0.6000 0.6000 0.6000 0.6017 0.6208 0.6000
Announcement Date 1/17/20 1/22/21 1/20/22 1/18/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 760 748 704 733 843 886 863 806 782 804 823 826.4 843.7 850.1 849
EBITDA - - - - - - - - - - - - - - -
EBIT 1 284 274 249 295 403 424 406 349 318 298 323 329.3 346.1 348.8 340.6
Operating Margin 37.37% 36.63% 35.37% 40.25% 47.81% 47.86% 47.05% 43.3% 40.66% 37.06% 39.25% 39.84% 41.03% 41.03% 40.12%
Earnings before Tax (EBT) 1 298 282 255 225 346 334 331 425 194 177 254 271.6 288 291.7 281.8
Net income 1 224 219 187 166 257 - 243 317 129 175 184 197.3 211.3 213 199.7
Net margin 29.47% 29.28% 26.56% 22.65% 30.49% - 28.16% 39.33% 16.5% 21.77% 22.36% 23.87% 25.05% 25.06% 23.52%
EPS 2 0.4100 0.4000 0.3400 0.2900 0.4500 - 0.4300 0.5600 0.2300 0.3100 0.3300 0.3604 0.3942 0.4037 0.3862
Dividend per Share 2 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1520 0.1543
Announcement Date 10/20/21 1/20/22 4/19/22 7/19/22 10/18/22 1/18/23 4/18/23 7/19/23 10/18/23 1/18/24 4/17/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.6% 13.7% 12.5% 11.8% 11% 9.8% 10.2% 11.7%
ROA (Net income/ Total Assets) 1.08% 0.87% 1.36% 1.18% 1.05% 1% 1.02% 1.08%
Assets 1 40,251 94,483 70,735 - 82,381 80,873 83,523 90,549
Book Value Per Share 2 15.00 13.60 14.40 13.50 15.20 16.20 17.40 17.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/17/20 1/22/21 1/20/22 1/18/23 1/18/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
14.81 USD
Average target price
17.3 USD
Spread / Average Target
+16.81%
Consensus
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