Ameriserv Financial Inc

Finance
Major Banks
www.ameriserv.com

Earnings Score
Moat Score
Safety Score

Market Cap $47.41M
PE -18
Debt $11.76M
Cash $22.12M
EV $37.05M
FCF -$1.90M

Earnings

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Sales & Net Margins

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Earnings	-$2.61M
EBIT	-$3.48M
ROE	-2%
ROA	-0%
FCF	-$1.90M
Equity	$108.18M
Growth Stability	-53%
PE	-18.17
PEG	-1.36K
PB	0.44
P/FCF	-25.02
P/S	3.05
Price/Cash	0.47
Debt/Equity	0.11
Debt/FCF	-6.21
Net Margins	23%
Op. Margins	-22%
Earnings CAGR	3%
Sales Growth YoY	5%
Sales Growth QoQ	0%
Sales CAGR	1%
FCF CAGR	-9%
Equity CAGR	0%
Earnings Stability	0.08
Earnings Growth YoY	83%
Earnings Growth QoQ	-415%

Earnings CAGR 5Y	0%
Sales CAGR 5Y	4%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	0%
Earnings CAGR 3Y	-0%
Sales CAGR 3Y	-0%
FCF CAGR 3Y	-3%
Equity CAGR 3Y	-3%
Market Cap	$47.41M
Revenue	$15.52M
Dividend Yield	4%
Payout Ratio	-78%
Assets	$1.41B
Total Debt	$11.76M
Cash	$22.12M
Shares Outstanding	16.52M
EV	37.05M
Earnings Score	7%
Moat Score	39%
Safety Score	38%
Final Score	28%
Shares Growth 3y	-1%
Equity Growth QoQ	4%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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AmeriServ Financial Inc is a bank holding company. The company and its subsidiaries derive substantially all of their income from banking, bank-related services, and trust-related services. The company functions primarily as a coordinating and servicing unit for its subsidiary entities in general management, accounting and taxes, loan review, auditing, investment accounting, marketing and risk management. It is a full-service bank offering retail banking services, such as demand, savings and time deposits, checking accounts, money market accounts, secured and unsecured consumer loans, mortgage loans, safe deposit boxes, holiday club accounts, and money orders; and lending, depository and related financial services to commercial, industrial, financial and governmental customers.

SEC Filings

Direct access to Ameriserv Financial Inc (ASRV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ameriserv Financial Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ameriserv Financial Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 8%

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Ameriserv Financial Inc Discounted Cash Flow

Fully customizable DCF calculator online for Ameriserv Financial Inc .

Years

Calculation mode

= -$10M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.9M	-$1.7M	-$1.6M	-$1.4M	-$1.3M	-$1.2M	-$1.1M	-$956K	-$867K	-$786K	-$713K	-$7.1M
DCF		-$1.6M	-$1.3M	-$1.1M	-$875K	-$722K	-$595K	-$490K	-$404K	-$333K	-$275K	-$2.7M
Value	-$10M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	61%	47%	36%	47%	51%	-23%	23%
ROA	-	1%	1%	1%	2%	2%	1%	1%	1%	-0%	-0%
ROE	-	5%	2%	3%	8%	6%	4%	6%	7%	-3%	-2%

Good Net Margins (22.96%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	9.86	7.03	10.83	-9.16	0	28.33	8.35	-6.21
Debt over Equity	-	-	-	0.52	0.42	0.23	0.24	0	0.83	0.4	0.11
Growth Stability	-	-	-	91%	100%	100%	81%	100%	100%	-53%	-53%

Good Debt/FCF ratio (-6.21)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.11)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-53%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-0%	0%	17%	-2%	-2%	4%
Earnings YoY growth	-	106%	-60%	43%	136%	-22%	-24%	54%	5%	-145%	0%
Equity YoY growth	-	4%	-20%	-0%	3%	1%	6%	12%	-9%	-4%	0%
FCF YoY growth	-	176%	-41%	-6%	17%	-65%	-230%	-422%	-64%	57%	-2%