First Capital, Inc. (FCAP) vs Landmark Bancorp Inc. (LARK)

First Capital, Inc. and Landmark Bancorp Inc. are both Banks Regional companies. First Capital, Inc. and Landmark Bancorp Inc. are of similar size ($204.5M and $191.1M). Landmark Bancorp Inc. trades at the lower P/E: 9.7× against 10.9×. First Capital, Inc. grew revenue faster over the last twelve months: 12.1% against 6.39%. First Capital, Inc. has the higher net margin (26.8% vs 20.6%) and the lower return on invested capital (0.00% vs 6.52%). Both pay a dividend; Landmark Bancorp Inc. yields more (4.23% vs 3.89%). Across the 20 metrics below, First Capital, Inc. leads on 10 and Landmark Bancorp Inc. on 10.

Valuation

Metric FCAP LARK Banks Regional median
P/E 10.90 9.69 12.15
P/S 2.92 1.99 2.37
P/B 1.41 1.17 1.21
Price to free cash flow 9.26 8.32 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.22 2.74 2.27
Earnings yield 9.17% 10.32% 8.11%
Free cash flow yield 10.79% 12.02% 8.98%

Profitability

Metric FCAP LARK Banks Regional median
Gross margin 79.17% 76.42% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.79% 20.56% 18.66%
Free cash flow margin 31.53% 23.94% 21.18%
Return on equity 13.88% 12.77% 10.64%
Return on assets 1.46% 1.25% 1.13%
Return on invested capital 0.00% 6.52% 8.33%

Growth

Metric FCAP LARK Banks Regional median
Revenue growth (TTM) 12.14% 6.39% 6.61%
EPS growth (last fiscal year) 36.97% 42.63% —
Revenue growth, 5-year CAGR 11.30% 7.58% 12.30%
Net income growth, 5-year CAGR 10.07% (0.75%) 9.71%

Health

Metric FCAP LARK Banks Regional median
Debt to equity 0.00 0.63 0.22
Current ratio 0.72 0.87 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCAP LARK Banks Regional median
Dividend yield 3.89% 4.23% 3.75%
Payout ratio 0.27 0.41 0.27

Size

Metric FCAP LARK Banks Regional median
Market cap 204.52m 191.07m 921.07m

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