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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
Bank Of Hawaii Corporation (XNYS:BOH) In-Depth Stock/Fundamental/Options Analysis Today
Primary Facts
BOH
Name:
BANK OF HAWAII CORPORATION (XNYS:BOH)
Sector:
41.80M
Industry:
Banks�Regional
CEO:
Mr. Peter Ho
Total Employees:
2,056
Our Technological Advancement Rating
Our Rating:
B
Technological advancement compared to industry is 19.37% higher
ANALYSIS OF ALL CRITICAL FACTORS & RISKS RELATED TO THE STOCK & FUNDAMENTAL/LONG-TERM ANALYSIS OF BANK OF HAWAII CORPORATION(BOH) AS PER DATA ANALYSIS OF LAST 3 YEARS AND COMPARISON WITH COMPETITORS/PEERS, AND BANKS�REGIONAL INDUSTRY. DATE: 07/09/2022
Primary Targets/Price Insights
Previous Close ($) :
77.33
One Month Price Target:
$77.8
Six Month Price Target :
$80.18
Likely Price in One Year's Time:
Ticker:
$83.03
Likely Trading Range Today Under (Normal Volatility)
$77.
Price Upper limit ($) :
$77.68
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
$73.22
This week:
$68.14
This month :
$58.95
Other Primary facts
Market Cap:
3.07B
Market Cap Classification:
Mid Cap
Number of Shares
IPO Date:
40.18M
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
20.57%
-12.21%
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$96.41
$87.72
$58.25
$66.94
Medium risk (<10%) entry points
Buy Call
Sell Call
$84.89
Buy Put:
Sell Put:
$83.04
$69.74
$71.62
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
BOH
Sharpe Ratio:
0.04%
Comparison:
BOH, is amongst the top 40% stocks with lowest risk-adjusted returns
Sharpe ratio is -96.89% lower than the industry
& is -98.32% lower than the market/S&P 500 average
Average Returns/Yield of
BOH
Daily returns:
0.01%
Weekly returns:
0.05%
Monthly returns:
0.20%
Yearly returns:
10.91%
Comparison of returns:
Average annual returns/yield (last 3 years) is -78.36% below industry average
Classification:
BOH, is amongst the top 40% lowest yielding stocks in terms of daily returns
Results of T-Test of Returns:
0.63
Statistical test of Returns:
BOH has yielded returns statistically similar to the market
Volatility (measured by Standard Deviation)
Daily Volatility:
2.59%
Weekly Volatility:
5.80%
Monthly Volatility:
11.60%
Yearly Volatility:
40.17%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
0.42%
Volatility in last five trading days has been -83.90% below long-term volatility
Value at Risk Analysis (VaR)
Daily VaR:
-5.32%
Weekly VaR:
-11.88%
Monthly VaR:
-23.77%
How Much Can the price of
BOH
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
-21%
Worst case (decline):
-82.34%
This translates to price declining to:
$61.16
This translates to price declining to:
$13.66
Severe Crash Probability
Risk of crash in next 6/12 months: Low (<25%)
What is Value at Risk (VaR)?
Risk Fundamentals
BOH is a 67.76% riskier investment compared to the market/S&P 500 & is 43.72% riskier than Nasdaq (IXIC)
Risk (measured by volatility) is -9.24% below industry average
Overall, it is amongst the top 50% most risky stocks
Beta Examination of
BOH
Beta in relation to market/S&P 500--1.10
Expected beta in 1 year's time:
0.84
Expected beta in 3 year's time:
1.188
Unlevered (debt free) Beta:
0.097
Beta in relation to Nasdaq (XNAS):
0.645
Beta in relation to all global stocks::
0.809
Beta Comparison & Analysis
Beta of competitors/peers::
1.036
Beta is 5.79% higher than peers
Average Industry Beta:
0.964
Beta is 13.73% above industry average
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
9.39%
Sustainable growth rate is 2.90% above industry average
Alpha provided | Alpha Analysis
Alpha provided:
-0.083
Alpha is -815.06% below industry average alpha yield
Alpha is -528% below the market average
Analysis of Cost of Capital of
BOH
Equity cost of capital:
0.107
Equity cost of capital is 9.30% above industry mean WACC
Unlevered (without debt) cost of capital:
0.94%
Before-tax cost of debt:
-
After-tax cost of debt:
-
Overall debt rating:
-
Weighted average cost of capital (WACC):
-
-
Key Per-Share Metrics & Analysis
Revenue per share:
$15.75
Revenue growth rate per share of (3Y):
-66.59
Annual revenue growth rate is -72.91% below industry average
EPS:
$6.08
Expected Annual growth rate of EPS (3Y):
3.79%
Expected future EPS growth rate is -68.47% lower than the Banks�Regional industry
Free cash flow (FCF) per share:
$5.93
Balance sheet equity growth per share: 17.94%
Equity growth rate per share is -53.66% lower than the industry
Debt per share
$0.00
EBITDA per share
$9.49
Valuation Analysis Today of
BOH
P/E Ratio:
13.4
P/E Ratio of Competitors/Peers:
52.09
P/E ratio is -74.28% lower than main peers & is 7.96% higher than the industry
Stock price/value with industry average P/E ratio: $75.44
BOH is 2.50% overvalued if valued using industry average P/E ratio
Share value as per dividend discount (DDM) model: $47.09
Present value of the expected future dividends only: $27.55
P/S (Price to Sales ratio):
4.91
Price to sales ratio is 14.78% above the industry mean
P/B (Price to book value ratio):
-66.59
Price to free cash flow: 13.05
-
Net income growth rate (3Y):
21.15%
Net income growth rate is -61.59% lower than the industry average net income growth rate
Dividend Analysis
Dividend payout rate: 11.48%
Dividend yeild: 3.62%
Previous Dividend: $0.70
Previous adjusted dividend: $0.70
Previous Dividend: $2.80
Expected next dividend best case: $0.71
Expected next dividend worst case: $0.69
Average dividend payment (long-term): $0.68
Average dividend increase/decrease (growth rate) % per period: 0.45%
Expected next dividend payment date: 09/12/2022
Expected next dividend record date: 29/08/2022
Expected next dividend declaration date: 25/07/2022
Previous dividend payment date: 14/06/2022
Previous dividend record date: 31/05/2022
Previous dividend declaration date: 25/04/2022
Dividend History:
2022-05-27--$0.70
2021-11-29--$0.70
2021-05-27--$0.67
2022-02-25--$0.70
2021-08-30--$0.70
2021-02-25--$0.67
Dividend growth rate is -98.09% lower than the industry average
In-depth Debt & Leverage Analysis
Debt to equity ratio:
1313.80%
Net debt to equity ratio:
-16.30%
Debt to assets ratio:
92.93%
Net debt to assets ratio:
-1.10%
Debt-to-asset ratio is -44.19% below industry average
Ability to repay debt:
Interest coverage ratio:
14.37
Interest coverage ratio is 1633.60% more than industry average
Looking forward:
Debt growth rate:
-32.34%
Annual debt growth is -10311% lower than industry average debt growth rate
Debt repayment rate in last quarter: 100.00%
Analysis of Key Statistics
Correlation of price movement with the market:
0.627
Statistical significance of correlation:
BOH has a statistically significant correlation with the market
Average Correlation of the industry with the market:
0.501
Stock price is 25.19% more correlated with the market, compared to the industry average correlation
R Squared (percentage of price movement explained by movement of the market):
0.501
Correlation of price movement with Nasdaq (^IXIC):
0.037
Covariance of price movement with the market:
0.056
Kurtosis
9.302
Returns have a significant fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are more probable, compared to assets with normally distributed returns
Skewness of returns:
0.761
Returns are right (positive) skewed; mean returns are greater than median and mode returns
Fundamental Analysis & Dupont Analysis of
BOH
Gross Profit Margin Ratio:
-
Operating Profit Margin Ratio:
0.00%
-
Net Profit Margin Ratio:
-
Effective Tax Rate:
21.69%
Effective tax rate is 0.66% higher than the industry
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
17.00%
Return on equity (ROE) is 42.49% higher than the industry
Financial Leverage
Asset Turnover Ratio (ROA):
1.15%
Return on assets (ROA) is -50.30% lower than the industry
Financial Leverage:
14.1x
Current Ratio:
2.78
Current ratio is -95.36% below industry average
Cash Conversion Cycle (days):
0
-
The remaining useful life of property plant & equipment is: 2.1 years
Stock based compensation to net income ratio:
1.63%
In-depth Efficiency Analysis
Revenue generated per employee:
307.9K
Each employee generates -19% less revenue than industry average revenue per employee
EBITDA generated per employee:
185.5K
Each employee generates -18% less EBITDA than industry average revenue per employee
Profit generated per employee:
119.8K
Each employee generates -15% less net income/profit than industry average revenue per employee
Free cash flow (FCF) generated per employee:
20.3K
Each employee generates -76% less free cash flow than industry average revenue per employee
Assets/Capital per employee
15.3K
Each employee generates -76% less free cash flow than industry average revenue per employee
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
BOH
PENNYMAC FINANCIAL SERVICES, INC. (XNYS:PFSI)
WHITE MOUNTAINS INSURANCE GROUP, LTD. (XNYS:WTM)
ASSURED GUARANTY LTD. (XNYS:AGO)
MERCURY SYSTEMS, INC. (XFRA:MCY)
CNO FINANCIAL GROUP, INC. (XNYS:CNO PR A)
DATTO HOLDING CORP. (XNYS:MSP)
CI Financial Corp. (XNYS:CIXX)
ASSOCIATED BANC-CORP (XNYS:ASB)
FSKR
Current Analyst Ratings
Strong buy�0%
Buy�0%
Hold�29%
Sell�8%
Strong sell�0%
Overall analyst sentiment is: Hold
Income Statement
Period:
TTM
Date:
3/31/22
Revenue:
632.99M
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
-
-
-
180.18M
184.94M
4.75M
-
3.26M
528.52M
26.54M
39.74M
381.33M
-
246.29M
317.02M
68.76M
246.29M
Statement of Cash Flow
Date:
Period:
15.24M
Differed Income Tax :
3.33M
Stock Based Compensation :
4.01M
Change in Working Capital :
- 51366.00K
Accounts Receivables:
-
Other Working Capital:
180.31M
Other Non-Cash Items:
17.71M
Net Cash Provided by Operating Activities:
41.80M
Investments in PP&E:
-
Net Acquisitions:
-
Purchases of Investments:
-
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
3/31/22
2022
Q1
236.19M
-
236.19M
45.39M
-
-
281.59M
-
31.52M
-
-
-
-
31.52M
21.25B
21.50B
-
101.27M
17.27M
-
-
101.27M
-
21.45B
21.45B
-
21.55B
582.00K
1.97B
- 246153.0K
-
March 31, 2022 at 6:00:00 AM
-
1.45B
23.00B
-
-
- 236193.0K
1.55M
- 322969.00K
- 321424.00K
- 24.00K
2.29M
- 13960.00K
- 28265.00K
354.21M
314.25M
-
34.62M
595.05M
560.43M
41.80M
-
41.80M
Our Proprietary Portfolio Rating
Our Rating:
A+
Price Forecast/Expected Price in Next 5 Years of
BOH
2023
2024
2025
2026
2027
$83.45
$166.63
$178.91
$192.08
$206.23