FS Bancorp, Inc. (FSBW) vs Timberland Bancorp, Inc. (TSBK)

FS Bancorp, Inc. and Timberland Bancorp, Inc. are both Banks Regional companies. FS Bancorp, Inc. and Timberland Bancorp, Inc. are of similar size ($350.7M and $347.9M). FS Bancorp, Inc. trades at the lower P/E: 10.0× against 11.4×. FS Bancorp, Inc. grew revenue faster over the last twelve months: 6.61% against 6.43%. Timberland Bancorp, Inc. has the higher net margin (26.5% vs 14.6%) and the higher return on invested capital (83.9% vs 4.01%). Both pay a dividend; Timberland Bancorp, Inc. yields more (4.34% vs 3.11%). Across the 20 metrics below, Timberland Bancorp, Inc. leads on 11 and FS Bancorp, Inc. on 9.

Valuation

Metric FSBW TSBK Banks Regional median
P/E 10.00 11.38 12.15
P/S 1.45 2.99 2.37
P/B 1.02 1.30 1.21
Price to free cash flow 2.48 12.25 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.98 0.94 2.27
Earnings yield 10.00% 8.78% 8.11%
Free cash flow yield 40.27% 8.16% 8.98%

Profitability

Metric FSBW TSBK Banks Regional median
Gross margin 69.57% 73.10% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 14.62% 26.46% 18.66%
Free cash flow margin 43.75% 24.42% 21.18%
Return on equity 10.64% 11.89% 10.64%
Return on assets 1.03% 1.57% 1.13%
Return on invested capital 4.01% 83.89% 8.33%

Growth

Metric FSBW TSBK Banks Regional median
Revenue growth (TTM) 6.61% 6.43% 6.61%
EPS growth (last fiscal year) (1.61%) 21.93% —
Revenue growth, 5-year CAGR 8.77% 9.51% 12.30%
Net income growth, 5-year CAGR (3.28%) 3.74% 9.71%

Health

Metric FSBW TSBK Banks Regional median
Debt to equity 1.17 0.04 0.22
Current ratio 1.10 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FSBW TSBK Banks Regional median
Dividend yield 3.11% 4.34% 3.75%
Payout ratio 0.21 0.27 0.27

Size

Metric FSBW TSBK Banks Regional median
Market cap 347.94m 350.68m 921.07m

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