SOUTHSTATE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 77.95 USD | -1.28% |
|
-0.49% | -7.70% |
| Apr. 26 | SouthState Keeps Quarterly Cash Dividend at $0.52 a Share, Payable May 17 to Holders of Record May 10 | MT |
| Apr. 26 | SouthState Q1 Adjusted Earnings, Revenue Decline | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,920 | 5,129 | 5,593 | 5,776 | 6,422 | 5,937 | - |
| Enterprise Value (EV) 1 | 2,920 | 5,129 | 5,593 | 5,776 | 6,422 | 5,937 | 5,937 |
| P/E ratio | 16.2 x | 33 x | 11.9 x | 11.6 x | 13.1 x | 12.3 x | 10.9 x |
| Yield | 1.93% | 2.6% | 2.4% | 2.59% | 2.42% | 2.68% | 2.72% |
| Capitalization / Revenue | 4.51 x | 4.51 x | 4.03 x | 3.51 x | 3.69 x | 3.48 x | 3.19 x |
| EV / Revenue | 4.51 x | 4.51 x | 4.03 x | 3.51 x | 3.69 x | 3.48 x | 3.19 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.23 x | 1.1 x | 1.16 x | 1.14 x | 1.16 x | 1.03 x | 0.94 x |
| Nbr of stocks (in thousands) | 33,665 | 70,939 | 69,813 | 75,640 | 76,048 | 76,161 | - |
| Reference price 2 | 86.75 | 72.30 | 80.11 | 76.36 | 84.45 | 77.95 | 77.95 |
| Announcement Date | 1/27/20 | 1/27/21 | 1/24/22 | 1/26/23 | 1/25/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 647.8 | 1,138 | 1,387 | 1,645 | 1,740 | 1,706 | 1,862 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 247.8 | 464.9 | 518 | 746.1 | 783.7 | 733.2 | 818.6 |
| Operating Margin | 38.24% | 40.87% | 37.33% | 45.36% | 45.06% | 42.98% | 43.97% |
| Earnings before Tax (EBT) | 230.4 | 104 | 604.3 | 633.4 | 630.9 | - | 709.7 |
| Net income 1 | 186.5 | 120.6 | 475.5 | 496 | 494.3 | 482.4 | 550.2 |
| Net margin | 28.79% | 10.6% | 34.28% | 30.16% | 28.42% | 28.28% | 29.55% |
| EPS 2 | 5.360 | 2.190 | 6.710 | 6.600 | 6.460 | 6.317 | 7.171 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.670 | 1.880 | 1.920 | 1.980 | 2.040 | 2.090 | 2.117 |
| Announcement Date | 1/27/20 | 1/27/21 | 1/24/22 | 1/26/23 | 1/25/24 | - | - |
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 | 347 | 350 | 347.6 | 402.6 | 435.4 | 459.4 | 452.6 | 439 | 428.2 | 419.7 | 415.5 | 418.7 | 431.1 | 443.4 | 446.8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 132.3 | 132.6 | 129.2 | 176.8 | 208.6 | 231.4 | 221.5 | 198.1 | 190.2 | 173.9 | 174.6 | 178.1 | 190 | 196.4 | 190.7 |
| Operating Margin | 38.13% | 37.89% | 37.18% | 43.92% | 47.91% | 50.38% | 48.93% | 45.14% | 44.41% | 41.44% | 42.02% | 42.54% | 44.07% | 44.29% | 42.68% |
| Earnings before Tax (EBT) 1 | 153.6 | 135.1 | 127.4 | 152.1 | 171.1 | 182.8 | 179 | 157.9 | 157.3 | 136.6 | 153.5 | - | - | - | 167.7 |
| Net income 1 | 122.8 | 106.8 | 100.3 | 119.2 | 133 | 143.5 | 139.9 | 123.4 | 124.1 | 106.8 | 115.1 | 116.6 | 123.9 | 127.6 | 128.3 |
| Net margin | 35.39% | 30.53% | 28.87% | 29.6% | 30.56% | 31.24% | 30.91% | 28.12% | 28.99% | 25.44% | 27.69% | 27.85% | 28.74% | 28.77% | 28.71% |
| EPS 2 | 1.740 | 1.520 | 1.390 | 1.570 | 1.750 | 1.880 | 1.830 | 1.620 | 1.620 | 1.390 | 1.500 | 1.530 | 1.633 | 1.670 | 1.681 |
| Dividend per Share 2 | 0.4900 | 0.4900 | 0.4900 | 0.5000 | 0.5000 | 0.5000 | 0.5000 | 0.5000 | 0.5200 | 0.5200 | 0.5200 | 0.5200 | 0.5250 | 0.5250 | 0.5267 |
| Announcement Date | 10/27/21 | 1/24/22 | 4/28/22 | 7/28/22 | 10/24/22 | 1/26/23 | 4/27/23 | 7/27/23 | 10/26/23 | 1/25/24 | 4/25/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.89% | 3.35% | 11.3% | 10.6% | 9.94% | 8.64% | 9.01% |
| ROA (Net income/ Total Assets) | 1.27% | 0.98% | 1.34% | 1.2% | 1.17% | 1.07% | 1.16% |
| Assets 1 | 14,684 | 12,309 | 35,488 | 41,337 | 42,249 | 45,087 | 47,490 |
| Book Value Per Share 2 | 70.30 | 65.50 | 69.30 | 67.00 | 72.80 | 75.90 | 83.00 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 1/27/20 | 1/27/21 | 1/24/22 | 1/26/23 | 1/25/24 | - | - |
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
7
Last Close Price
77.95
USD
Average target price
92.25
USD
Spread / Average Target
+18.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.70% | 5.94B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
- Stock Market
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- Financials SouthState Corporation
