First Citizens BancShares, Inc. (FCNCA) vs Woori Bank (WF)

First Citizens BancShares, Inc. and Woori Bank are both Banks Regional companies. First Citizens BancShares, Inc. is the larger, with a market value of $22.9B against $18.8B — 1.2× the size. Woori Bank trades at the lower P/E: 9.0× against 11.2×. Woori Bank grew revenue faster over the last twelve months: 17.8% against −1.26%. First Citizens BancShares, Inc. has the higher net margin (15.7% vs 11.4%) and the lower return on invested capital (7.30% vs 101.3%). Both pay a dividend; Woori Bank yields more (8.01% vs 0.35%). Across the 20 metrics below, Woori Bank leads on 14 and First Citizens BancShares, Inc. on 6.

Valuation

Metric FCNCA WF Banks Regional median
P/E 11.18 8.99 12.15
P/S 1.67 1.00 2.37
P/B 1.20 0.66 1.21
Price to free cash flow 9.64 3.37 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.27 (0.42) 2.27
Earnings yield 8.95% 11.12% 8.11%
Free cash flow yield 10.38% 29.68% 8.98%

Profitability

Metric FCNCA WF Banks Regional median
Gross margin 66.51% 54.19% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.69% 11.44% 18.66%
Free cash flow margin 17.31% 29.57% 21.18%
Return on equity 10.92% 8.08% 10.64%
Return on assets 0.97% 0.53% 1.13%
Return on invested capital 7.30% 101.28% 8.33%

Growth

Metric FCNCA WF Banks Regional median
Revenue growth (TTM) (1.26%) 17.84% 6.61%
EPS growth (last fiscal year) (12.76%) (1.61%) —
Revenue growth, 5-year CAGR 49.21% 10.82% 12.30%
Net income growth, 5-year CAGR 35.07% 11.33% 9.71%

Health

Metric FCNCA WF Banks Regional median
Debt to equity 1.46 0.99 0.22
Current ratio 1.00 1.16 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCNCA WF Banks Regional median
Dividend yield 0.35% 8.01% 3.75%
Payout ratio 0.00 0.29 0.27

Size

Metric FCNCA WF Banks Regional median
Market cap 22.89b 18.76b 921.07m

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