NYSE: FHN - First Horizon National Corporation

Yield per half year: +12.93%
Sector: Financials

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1. Summary

Advantages

  • Positive review Price (14.06 $) is less than fair price (14.32 $)
  • Positive review Dividends (4.5%) are higher than the sector average (3.76%).
  • Positive review The stock's return over the last year (-35.62%) is higher than the sector average (-98.93%).
  • Positive review The company's current efficiency (ROE=10.94%) is higher than the sector average (ROE=10.53%)

Disadvantages

  • Negative review Current debt level 5.19% has increased over 5 years from 3.16%.

2. Share price and performance

2.1. Share price

2.2. News

2.3. Market efficiency

First Horizon National Corporation Financials Index
7 days 1.3% -99% 2.5%
90 days 16.5% -99% 5.8%
1 year -35.6% -98.9% 46.1%

Positive review FHN vs Sector: First Horizon National Corporation has outperformed the "Financials" sector by 63.31% over the past year.

Negative review FHN vs Market: First Horizon National Corporation has significantly underperformed the market by -81.76% over the past year.

Positive review Stable price: FHN is not significantly more volatile than the rest of the market on "New York Stock Exchange" over the last 3 months, with typical variations of +/- 5% per week.

Long period: FHN with weekly volatility of -0.6851% over the past year.

3. Summary of the report

3.1. General

P/E: 15.4
P/S: 4.32

3.2. Revenue

EPS 1.5901
ROE 10.94%
ROA 1.0711%
ROIC 0%
Ebitda margin 46.81%

4. Fundamental Analysis

4.1. Stock price and price forecast

The fair price is calculated taking into account the Central Bank refinancing rate and earnings per share (EPS)

Positive review Below fair price: The current price (14.06 $) is lower than the fair price (14.32 $).

Neutral review Price not significantly lower than the fair price: The current price (14.06 $) is slightly lower than the fair price by 1.8%.

4.2. P/E

Positive review P/E vs Sector: The company's P/E (15.4) is lower than that of the sector as a whole (52.65).

Positive review P/E vs Market: The company's P/E (15.4) is lower than that of the market as a whole (140.92).

4.2.1 P/E Similar companies

4.3. P/BV

Positive review P/BV vs Sector: The company's P/BV (1.6209) is lower than that of the sector as a whole (3.02).

Positive review P/BV vs Market: The company's P/BV (1.6209) is lower than that of the market as a whole (25.15).

4.3.1 P/BV Similar companies

4.4. P/S

Positive review P/S vs Sector: The company's P/S indicator (4.32) is lower than that of the sector as a whole (80.02).

Positive review P/S vs Market: The company's P/S indicator (4.32) is lower than that of the market as a whole (86.29).

4.4.1 P/S Similar companies

4.5. EV/Ebitda

Negative review EV/Ebitda vs Sector: The company's EV/Ebitda (10.33) is higher than that of the sector as a whole (3.89).

Positive review EV/Ebitda vs Market: The company's EV/Ebitda (10.33) is lower than that of the market as a whole (120.53).


5. Profitability

5.1. Profitability and revenue

5.2. Earnings per share - EPS

5.3. Past profitability Ebitda

Positive review Yield Trend: Rising and has grown by 24.41% over the last 5 years.

Negative review Earnings Slowdown: The last year's return (2.41%) is below the 5-year average return (24.41%).

Positive review Profitability vs Sector: The return for the last year (2.41%) exceeds the return for the sector (-79.75%).

5.4. ROE

Positive review ROE vs Sector: The company's ROE (10.94%) is higher than that of the sector as a whole (10.53%).

Positive review ROE vs Market: The company's ROE (10.94%) is higher than that of the market as a whole (-12.87%).

5.5. ROA

Negative review ROA vs Sector: The company's ROA (1.0711%) is lower than that of the sector as a whole (2.24%).

Negative review ROA vs Market: The company's ROA (1.0711%) is lower than that of the market as a whole (7.22%).

5.6. ROIC

Negative review ROIC vs Sector: The company's ROIC (0%) is lower than that of the sector as a whole (7.72%).

Negative review ROIC vs Market: The company's ROIC (0%) is lower than that of the market as a whole (8.49%).

6. Finance

6.1. Assets and debt

Positive review Debt level: (5.19%) is quite low in relation to assets.

Negative review Increasing debt: over 5 years, the debt has increased from 3.16% to 5.19%.

Negative review Excess of debt: The debt is not covered by net income, percentage 418.79%.

6.2. Profit growth and share price

7. Dividends

7.1. Dividend yield vs Market

Positive review High yield: The dividend yield of the company 4.5% is higher than the average for the sector '3.76%.

7.2. Stability and increase in payments

Positive review Dividend stability: The company's dividend yield 4.5% has been steadily paid over the past 7 years, DSI=0.93.

Negative review Weak dividend growth: The company's dividend yield 4.5% has been growing weakly or stagnant over the past 5 years. Growth over only 0 years.

7.3. Payout percentage

Positive review Dividend Coverage: Current payments from income (37.18%) are at a comfortable level.

8. Insider trades

8.1. Insider trading

Positive review Insider Buying Exceeds insider sales by 100% over the last 3 months.

8.2. Latest transactions

Transaction date Insider Type Price Volume Quantity
07.06.2023 FENSTERMAKER WILLIAM H
Director
Buy 11.62 116 200 10000
10.05.2023 Sugranes Rosa
Director
Buy 10.22 19 909 1948
27.02.2023 JORDAN D BRYAN
Chairman, President & CEO
Buy 11.62 512 349 44092