Waterstone Financial, Inc.

  • Earnings Score
  • Safety Score
  • Market Cap $275.43M
  • PE 20
  • Debt $697.25M
  • Cash $35.77M
  • EV $936.92M
  • FCF $22.47M

Earnings

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Sales & Net Margins

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Earnings$13.44M
EBIT$17.20M
ROE4%
ROA1%
FCF$22.47M
Equity$342.00M
Growth Stability16%
PE20.5
PEG-0.57
PB0.81
P/FCF12.26
Price/Cash0.13
Debt/Equity2.04
Debt/FCF31.03
Earnings CAGR-3%
FCF CAGR3%
Equity CAGR-2%
Earnings Stability0.02
Earnings Growth YoY45%
Earnings Growth QoQ-17%
Earnings CAGR 5Y-36%
FCF CAGR 5Y-13%
Equity CAGR 5Y-4%
FCF CAGR 3Y-32%
Equity CAGR 3Y-8%
Market Cap$275.43M
Dividend Yield4%
Payout Ratio85%
Assets$2.24B
Total Debt$697.25M
Cash$35.77M
Shares Outstanding18.35M
EV936.92M
Earnings Score6%
Safety Score37%
Shares Growth 3y-9%
Equity Growth QoQ2%
Equity Growth YoY-1%

Assets & ROA

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Stockholders Equity & ROE

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Waterstone Financial Inc is a holding company. Through its subsidiaries, It operates in two segments: Community Banking and Mortgage Banking. The community banking segment provides consumer and business banking products and services to customers, which include various types of loans, deposits, and personal investment services. The Mortgage Banking segment involves residential mortgage loans for the primary purpose of sale in the secondary market. The vast majority of its revenue comes from the community banking segment.

SEC Filings

Direct access to Waterstone Financial, Inc. (WSBF) 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 Waterstone Financial, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Waterstone 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 2%
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Waterstone Financial, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Waterstone Financial, Inc..

= $268M
012345678910TV
fcf$22M$23M$24M$24M$25M$25M$26M$27M$28M$28M$29M$289M
DCF$21M$20M$18M$17M$16M$15M$14M$13M$12M$11M$112M
Value$268M

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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins-----------
ROA-3%3%3%3%4%6%4%1%0%1%
ROE-4%6%6%8%9%20%16%5%3%4%

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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF--28.1-15.723.6611.16-11.16-5.283.11.88-26.8131.03
Debt over Equity0.961.140.960.941.091.231.31.11.052.22.04
Growth Stability---100%100%100%100%100%31%16%16%

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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-----------
Earnings YoY growth-30%54%2%18%17%126%-13%-72%-52%-36%
Equity YoY growth--13%5%0%-3%-1%5%5%-14%-7%-4%
FCF YoY growth-283%58%-520%-63%-211%135%-251%34%-114%-13%