PROSPERITY BANCSHARES, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 63.55 USD | -0.90% |
|
+4.57% | -6.17% |
| Apr. 25 | Wedbush Lifts Price Target on Prosperity Bancshares to $70 From $68, Keeps Neutral Rating | MT |
| Apr. 24 | Transcript : Prosperity Bancshares, Inc., Q1 2024 Earnings Call, Apr 24, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,917 | 6,420 | 6,664 | 6,636 | 6,347 | 6,095 | - | - |
| Enterprise Value (EV) 1 | 4,917 | 6,420 | 6,664 | 6,636 | 6,347 | 6,095 | 6,095 | 6,095 |
| P/E ratio | 15.9 x | 12.2 x | 12.9 x | 12.7 x | 15 x | 12.7 x | 10.9 x | 10.2 x |
| Yield | 2.35% | 2.7% | 2.75% | 2.9% | 3.26% | 3.55% | 3.63% | 3.65% |
| Capitalization / Revenue | 6 x | 5.51 x | 5.88 x | 5.77 x | 5.7 x | 5.16 x | 4.69 x | 4.31 x |
| EV / Revenue | 6 x | 5.51 x | 5.88 x | 5.77 x | 5.7 x | 5.16 x | 4.69 x | 4.31 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.14 x | 1.05 x | 1.04 x | 0.99 x | 0.9 x | 0.82 x | 0.77 x | 0.73 x |
| Nbr of stocks (in thousands) | 68,396 | 92,559 | 92,165 | 91,309 | 93,715 | 95,901 | - | - |
| Reference price 2 | 71.89 | 69.36 | 72.30 | 72.68 | 67.73 | 63.55 | 63.55 | 63.55 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 820 | 1,165 | 1,133 | 1,150 | 1,113 | 1,181 | 1,300 | 1,412 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 469.9 | 665 | 659.7 | 666.2 | 553 | 618.1 | 708.6 | - |
| Operating Margin | 57.3% | 57.08% | 58.21% | 57.91% | 49.67% | 52.35% | 54.49% | - |
| Earnings before Tax (EBT) 1 | 419.2 | 645 | 659.7 | 666.2 | 534.5 | 608.7 | 699.8 | 746.1 |
| Net income 1 | 332.6 | 528.9 | 519.3 | 524.5 | 419.3 | 472.8 | 547.7 | 585.7 |
| Net margin | 40.55% | 45.4% | 45.82% | 45.6% | 37.66% | 40.04% | 42.12% | 41.46% |
| EPS 2 | 4.520 | 5.680 | 5.600 | 5.730 | 4.510 | 4.990 | 5.832 | 6.250 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.690 | 1.870 | 1.990 | 2.110 | 2.210 | 2.254 | 2.307 | 2.320 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
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 | 283.8 | 280.5 | 275.1 | 286.1 | 295.4 | 293.9 | 282.6 | 277 | 279.3 | 274.5 | 277.9 | 292.8 | 302.3 | 308.5 | 311 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 163.9 | 161 | 155.2 | 163.2 | 173.2 | 174.6 | 158.7 | 111.7 | 142.6 | 152.2 | 141.3 | 148.1 | 162 | 167 | 166.6 |
| Operating Margin | 57.78% | 57.39% | 56.43% | 57.05% | 58.62% | 59.42% | 56.18% | 40.34% | 51.07% | 55.44% | 50.83% | 50.57% | 53.59% | 54.15% | 53.57% |
| Earnings before Tax (EBT) 1 | 163.4 | 161 | 155.2 | 163.2 | 173.2 | 174.6 | 158.7 | 111.7 | 142.6 | 121.4 | 141.3 | 142.5 | 158.8 | 164.4 | 163 |
| Net income 1 | 128.6 | 126.8 | 122.3 | 128.5 | 135.8 | 137.9 | 124.7 | 86.94 | 112.2 | 95.48 | 110.4 | 109 | 124.6 | 129 | 127.9 |
| Net margin | 45.32% | 45.2% | 44.47% | 44.92% | 45.98% | 46.92% | 44.13% | 31.39% | 40.18% | 34.78% | 39.73% | 37.25% | 41.23% | 41.81% | 41.14% |
| EPS 2 | 1.390 | 1.380 | 1.330 | 1.400 | 1.490 | 1.510 | 1.370 | 0.9400 | 1.200 | 1.020 | 1.180 | 1.143 | 1.311 | 1.359 | 1.352 |
| Dividend per Share 2 | 0.4900 | 0.5200 | 0.5200 | 0.5200 | 0.5200 | 0.5500 | 0.5500 | 0.5500 | 0.5500 | 0.5600 | 0.5600 | 0.5600 | 0.5600 | 0.5715 | 0.5744 |
| Announcement Date | 10/27/21 | 1/26/22 | 4/27/22 | 7/27/22 | 10/26/22 | 1/25/23 | 4/26/23 | 7/26/23 | 10/25/23 | 1/24/24 | 4/24/24 | - | - | - | - |
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) | 7.46% | 8.85% | 8.21% | 7.97% | 6.03% | 6.55% | 7.29% | 8.43% |
| ROA (Net income/ Total Assets) | 1.38% | 1.62% | 1.44% | 1.39% | 1.08% | 1.2% | 1.37% | - |
| Assets 1 | 24,098 | 32,648 | 36,062 | 37,735 | 38,826 | 39,425 | 40,124 | - |
| Book Value Per Share 2 | 63.00 | 66.20 | 69.70 | 73.40 | 75.50 | 77.70 | 82.00 | 87.40 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
63.55
USD
Average target price
72.53
USD
Spread / Average Target
+14.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.17% | 6.09B | |
| +16.61% | 210B | |
| +2.39% | 73.14B | |
| +7.99% | 54.82B | |
| +13.25% | 47B | |
| +1.36% | 47.1B | |
| +19.29% | 44.81B | |
| +10.93% | 36.6B | |
| -16.21% | 35.14B | |
| -96.60% | 32.24B |
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- Financials Prosperity Bancshares, Inc.
