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Peapack Gladstone Financial Corp

PGC

Commercial Banks, NEC

Mkt Cap

$413.7M

PE

8.47

Debt

$403.8M

Cash

$187.7M

EV

$629.8M

FCF

$66.81M

Market Cap

$413.7M

P/E Ratio

8.47

Debt

$403.8M

Cash

$187.7M

EV

$629.8M

FCF

$66.81M
Charts data: {"Earnings":[{"time":"2014-12-30","value":14890000},{"time":"2015-12-30","value":19972000},{"time":"2016-12-30","value":26477000},{"time":"2017-12-30","value":36497000},{"time":"2018-12-30","value":44170000},{"time":"2019-12-30","value":47434000},{"time":"2020-12-30","value":26192000},{"time":"2021-12-30","value":56622000},{"time":"2022-12-30","value":74246000},{"time":"2023-12-30","value":48854000}],"Sales":[{"time":"2014-12-30","value":88701000},{"time":"2015-12-30","value":108166000},{"time":"2016-12-30","value":125353000},{"time":"2017-12-30","value":145768000},{"time":"2018-12-30","value":159356000},{"time":"2019-12-30","value":174970000},{"time":"2020-12-30","value":189362000},{"time":"2021-12-30","value":210304000},{"time":"2022-12-30","value":242497000},{"time":"2023-12-30","value":229667000}],"Net Margins":[{"time":"2014-12-30","value":0.1678673295678741},{"time":"2015-12-30","value":0.18464212414252168},{"time":"2016-12-30","value":0.21121951608657152},{"time":"2017-12-30","value":0.2503773118928709},{"time":"2018-12-30","value":0.2771781420216371},{"time":"2019-12-30","value":0.271097902497571},{"time":"2020-12-30","value":0.1383170857933482},{"time":"2021-12-30","value":0.26923881618989653},{"time":"2022-12-30","value":0.3061728598704314},{"time":"2023-12-30","value":0.21271667239960465}],"Assets":[{"time":"2014-12-30","value":2702397000},{"time":"2015-12-30","value":3364659000},{"time":"2016-12-30","value":3878633000},{"time":"2017-12-30","value":4260547000},{"time":"2018-12-30","value":4617858000},{"time":"2019-12-30","value":5182879000},{"time":"2020-12-30","value":5890442000},{"time":"2021-12-30","value":6077993000},{"time":"2022-12-30","value":6353593000},{"time":"2023-12-30","value":6476857000}],"Stockholders Equity":[{"time":"2014-12-30","value":242267000},{"time":"2015-12-30","value":275676000},{"time":"2016-12-30","value":324210000},{"time":"2017-12-30","value":403678000},{"time":"2018-12-30","value":469013000},{"time":"2019-12-30","value":503652000},{"time":"2020-12-30","value":527122000},{"time":"2021-12-30","value":546388000},{"time":"2022-12-30","value":532980000},{"time":"2023-12-30","value":583681000}],"ROE":[{"time":"2014-12-30","value":0.061461115215856885},{"time":"2015-12-30","value":0.07244736574819716},{"time":"2016-12-30","value":0.08166620400357792},{"time":"2017-12-30","value":0.09041116929830212},{"time":"2018-12-30","value":0.09417649404174298},{"time":"2019-12-30","value":0.09418010848760652},{"time":"2020-12-30","value":0.04968868686945337},{"time":"2021-12-30","value":0.10362965511687665},{"time":"2022-12-30","value":0.13930353859431874},{"time":"2023-12-30","value":0.08369982918751852}],"ROA":[{"time":"2014-12-30","value":0.01182912799266725},{"time":"2015-12-30","value":0.013918200923184193},{"time":"2016-12-30","value":0.016334105340721848},{"time":"2017-12-30","value":0.019221240840671398},{"time":"2018-12-30","value":0.022140784753450625},{"time":"2019-12-30","value":0.024410757032915488},{"time":"2020-12-30","value":0.011909293054748693},{"time":"2021-12-30","value":0.012777573123233278},{"time":"2022-12-30","value":0.016108050987842626},{"time":"2023-12-30","value":0.010387908826765822}]}

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

Sector

  • ESQ Logo

    ESQ

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$66.81M$76.11M$85.96M$96.23M$106.8M$117.4M$127.9M$138.1M$147.8M$156.6M$164.5M$1.645B
DCF$66.18M$65M$63.27M$61.05M$58.37M$55.31M$51.93M$48.31M$44.53M$40.66M$406.6M
Value$961.2M

In the chart Earnings are multiplied by this value.

Earnings Growth 15%
Earnings Stability 76%


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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin18%21%25%28%27%14%27%31%21%21%
ROA1.4%1.6%1.9%2.2%2.4%1.2%1.3%1.6%1%1%
ROE7.2%8.2%9%9.4%9.4%5%10%14%8.4%8.4%

What is the average Net Margin?

The average Net Margin over the past 5 years is +24.58%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -0.25%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +1.63%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -0.24%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +9.41%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +0.39%.


Safety & Stabiliy

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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF1.43-0.000.001.510.45-3.296.046.04
Debt Equity0.15-0.000.000.250.03-0.710.690.69
MIN
Graham Stability--100%100%100%61%100%100%93%61%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 6.04.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 1.09.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.61.


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.

Years12-201612-201812-202012-2022Trend
Revenue9%7.6%6.6%-5.3%-2%
Net Income9.1%2%23%-34%-3.1%
Stockholders Equity8.8%4.5%3.5%9.5%-2.2%
FCF7.7%1.1%26%-42%-1.9%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +7.58%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -2.04%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +2.04%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -3.11%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +4.47%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -2.18%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +1.12%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -1.9%.