Chemung Financial Corp (CHMG) vs Primis Financial Corp. (FRST)

Chemung Financial Corp and Primis Financial Corp. are both Banks Regional companies. Chemung Financial Corp and Primis Financial Corp. are of similar size ($395.8M and $386.6M). Primis Financial Corp. trades at the lower P/E: 7.3× against 11.8×. Chemung Financial Corp grew revenue faster over the last twelve months: 18.5% against 13.2%. Chemung Financial Corp has the higher net margin (20.7% vs 17.0%) and the lower return on invested capital (8.26% vs 13.0%). Both pay a dividend; Primis Financial Corp. yields more (3.25% vs 2.84%). Across the 19 metrics below, Primis Financial Corp. leads on 12 and Chemung Financial Corp on 7.

Valuation

Metric CHMG FRST Banks Regional median
P/E 11.78 7.26 12.15
P/S 2.45 1.24 2.37
P/B 1.47 0.89 1.21
Price to free cash flow 8.71 n/m 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.84 0.90 2.27
Earnings yield 8.49% 13.77% 8.11%
Free cash flow yield 11.48% (10.80%) 8.98%

Profitability

Metric CHMG FRST Banks Regional median
Gross margin 74.23% 71.45% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.68% 16.99% 18.66%
Free cash flow margin 28.10% (13.40%) 21.18%
Return on equity 13.28% 13.11% 10.64%
Return on assets 1.18% 1.29% 1.13%
Return on invested capital 8.26% 13.03% 8.33%

Growth

Metric CHMG FRST Banks Regional median
Revenue growth (TTM) 18.50% 13.18% 6.61%
EPS growth (last fiscal year) (36.69%) 903.23% —
Revenue growth, 5-year CAGR 9.85% 18.77% 12.30%
Net income growth, 5-year CAGR (4.75%) 21.74% 9.71%

Health

Metric CHMG FRST Banks Regional median
Debt to equity 0.51 0.16 0.22
Current ratio 1.04 1.02 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CHMG FRST Banks Regional median
Dividend yield 2.84% 3.25% 3.75%
Payout ratio 0.21 0.71 0.27

Size

Metric CHMG FRST Banks Regional median
Market cap 395.79m 386.62m 921.07m

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