| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 1 | — | — | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2026 | 0.63 |
—
—
—
|
| 2025 | 0.76 |
—
—
—
—
|
| 2024 | 0.76 |
—
—
—
—
|
| 2023 | 0.74 |
—
—
—
—
|
| 2022 | 0.51 |
—
—
—
—
|
| 2021 | 0.68 |
—
—
—
—
|
| 2020 | 0.45 |
—
—
—
—
|
| 2019 | 0.56 |
—
—
—
—
|
| 2018 | 0.54 |
—
—
—
—
|
| 2017 | 0.30 |
—
—
—
—
|
| 2016 | 0.30 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 49.69 | 43.64 | 138.45 | 120.07 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 939.46 | 939.27 | 1,039.69 | 1,008.96 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 826.54 | 837.80 | 948.88 | 930.88 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 827.36 | 838.56 | 949.55 | 931.52 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 15.38 | 16.28 | — | — |
—
|
| ’25 | 14.80 | 16.04 | 15.53 | 15.15 |
61.52
|
| ’24 | 14.86 | 15.20 | 16.07 | 15.90 |
62.03
|
| ’23 | 13.14 | 14.30 | 13.77 | 14.40 |
55.62
|
| ’22 | 9.74 | 10.00 | 11.80 | 12.84 |
44.38
|
| ’21 | 10.70 | 10.13 | 10.53 | 9.84 |
41.20
|
| ’20 | 9.36 | 10.29 | 10.58 | 12.16 |
42.38
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.51 | 0.22 | — | — |
—
|
| ’25 | 1.85 | (0.49) | 3.80 | 2.01 |
7.16
|
| ’24 | 3.52 | (4.01) | 3.28 | 0.15 |
2.93
|
| ’23 | 1.96 | (0.16) | 2.96 | 2.12 |
6.89
|
| ’22 | 2.90 | 2.62 | (0.06) | 4.59 |
10.05
|
| ’21 | 7.78 | 6.48 | (2.22) | 7.03 |
19.07
|
| ’20 | (3.28) | 0.76 | (7.07) | 9.10 |
(0.48)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.47 | 0.17 | — | — |
—
|
| ’25 | 1.81 | (0.52) | 3.76 | 1.94 |
6.99
|
| ’24 | 1.90 | (2.37) | 3.23 | 0.14 |
2.89
|
| ’23 | 1.93 | (0.29) | 2.90 | 1.90 |
6.44
|
| ’22 | 2.82 | 2.53 | (0.12) | 4.42 |
9.66
|
| ’21 | 7.75 | 6.40 | (2.28) | 6.97 |
18.85
|
| ’20 | (3.64) | 0.72 | (7.07) | 9.09 |
(0.89)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.61 | 0.98 | — | — |
—
|
| ’25 | 0.45 | 0.79 | 0.66 | 0.87 |
2.77
|
| ’24 | 0.30 | 0.31 | 0.45 | 0.74 |
1.80
|
| ’23 | 0.83 | 1.11 | 0.45 | 0.47 |
2.86
|
| ’22 | 0.65 | 0.61 | 0.97 | 1.12 |
3.35
|
| ’21 | 0.93 | 0.85 | 0.98 | 0.70 |
3.46
|
| ’20 | 0.38 | 0.82 | 0.90 | 1.34 |
3.44
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 36.00 | 33.27 | 39.00 | 42.75 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.00 | 40.95 | 55.99 | 55.00 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 140 | 146 | 123 | 122 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.38 | 0.50 | 0.50 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.38 | 55.62 | 62.03 | 61.52 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 89.86% | 69.87% | 57.48% | 63.22% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.88 | 9.00 | 5.65 | 8.67 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.51% | 16.18% | 9.10% | 14.10% | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.80 | 7.44 | 4.64 | 7.16 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.67 | 1.73 | 1.66 | 1.59 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.21 | 21.71 | 24.39 | 24.07 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.40 | 2.88 | 1.81 | 2.78 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.90 | 2.69 | 1.15 | 2.80 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.15) | (0.17) | (0.01) | (0.07) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.75 | 2.51 | 1.14 | 2.74 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.90 | 39.29 | 40.77 | 42.80 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.58 | 2.56 | 2.54 | 2.56 | — | — | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.55 | 13.61 | 29.09 | 15.69 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.28 | 1.81 | 2.16 | 1.81 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.04 | 1.00 | 1.29 | 1.02 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.20 | 2.56 | 2.69 | 0.50 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.71 | 22.12 | 57.71 | 4.42 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.05 | 6.89 | 2.93 | 7.16 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.40) | (0.44) | (0.04) | (0.17) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.66 | 6.44 | 2.89 | 6.99 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 110.14 | 112.11 | 100.71 | 90.15 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 98.73 | 51.72 | 36.76 | 17.80 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.89 | 2.03 | (6.88) | (120.65) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.71 | 100.65 | 103.67 | 109.40 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.92% | 0.75% | 0.46% | 0.68% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 4.90% | 5.48% | 3.65% | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.15% | 7.45% | 4.51% | 6.69% | — | — | — |
ROE
|
Sound Financial Bancorp (SFBC), a steady community bank in Washington state, has delivered resilient revenue growth, expanding from $30.2 million in 2016 to $62 million in 2024 at a 9.5% CAGR, even through COVID disruptions and rate hikes. This reflects efficient scaling via deposit inflows and loan expansion, with revenue per share up 101% and per employee surging 77% to $504,000, signaling strong operational leverage in a low-growth sector. However, profitability has eroded sharply, with EBT margins plummeting 67% from 27.7% in 2021 to 9.1% in 2024 due to net interest margin compression from rising deposit costs—ROE halved to 4.5%, underscoring vulnerability to prolonged high rates.
The balance sheet remains a fortress, with book value per share advancing 68% to $40.77 at a 6.7% CAGR, supported by low leverage, ample working capital ($101 million), and normalized debt levels. Valuation metrics suggest caution amid earnings decompression: trailing PE at 29x, PB at 1.29x, and EV/FCF elevated, though price-to-sales holds steady at ~2.2x. Stock returns have been modest (8-9% annualized) and stable, trading at a discount to highs with low beta (0.8), bolstered by no insider selling.
Looking ahead, revenue may moderate to 5-7% growth ($65-70 million by 2026), with margins potentially stabilizing at 60-65% if rates ease, lifting EPS to $2.00-2.20 and enabling FCF recovery. Yet risks loom—prolonged high rates could drag ROE below 5%, while regional real estate woes pose credit threats. With a positive skew (60% chance of 15%+ returns), SFBC appeals to conservative investors eyeing mean reversion, but monitor NIM closely for downside protection.
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