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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
Zions Bancorporation, National Association (XNAS:ZIONP) In-Depth Stock/Fundamental/Options Analysis Today
Primary Facts
ZIONP
Name:
ZIONS BANCORPORATION, NATIONAL ASSOCIATION (XNAS:ZIONP)
Sector:
235.00M
Industry:
Banks�Regional
CEO:
Mr. Harris Henry Simmons
Total Employees:
9,685
Our Technological Advancement Rating
Our Rating:
D
Technological advancement compared to industry is -369.87% lower
ANALYSIS OF ALL CRITICAL FACTORS & RISKS RELATED TO THE STOCK & FUNDAMENTAL/LONG-TERM ANALYSIS OF ZIONS BANCORPORATION, NATIONAL ASSOCIATION(ZIONP) 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 ($) :
20
One Month Price Target:
$20.14
Six Month Price Target :
$20.83
Likely Price in One Year's Time:
Ticker:
$21.65
Likely Trading Range Today Under (Normal Volatility)
$19.91
Price Upper limit ($) :
$20.1
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
$18.93
This week:
$17.61
This month :
$15.22
Other Primary facts
Market Cap:
8.28B
Market Cap Classification:
Mid Cap
Number of Shares
IPO Date:
150.47M
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
31.36%
-25.54%
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:
$24.97
$22.70
$15.03
$17.30
Medium risk (<10%) entry points
Buy Call
Sell Call
$21.96
Buy Put:
Sell Put:
$21.48
$18.03
$18.52
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
ZIONP
Sharpe Ratio:
0.28%
Comparison:
ZIONP, is amongst the top 40% stocks with lowest risk-adjusted returns
Sharpe ratio is -76.88% lower than the industry
& is -87.54% lower than the market/S&P 500 average
Average Returns/Yield of
ZIONP
Daily returns:
0.02%
Weekly returns:
0.08%
Monthly returns:
0.33%
Yearly returns:
10.91%
Comparison of returns:
Average annual returns/yield (last 3 years) is -64.21% below industry average
Classification:
ZIONP, is amongst the top 40% lowest yielding stocks in terms of daily returns
Results of T-Test of Returns:
0.64
Statistical test of Returns:
ZIONP has yielded returns statistically similar to the market
Volatility (measured by Standard Deviation)
Daily Volatility:
2.61%
Weekly Volatility:
5.84%
Monthly Volatility:
11.68%
Yearly Volatility:
40.47%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
-
-
Value at Risk Analysis (VaR)
Daily VaR:
-5.35%
Weekly VaR:
-11.96%
Monthly VaR:
-23.92%
How Much Can the price of
ZIONP
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
-21%
Worst case (decline):
-82.87%
This translates to price declining to:
$15.81
This translates to price declining to:
$3.43
Severe Crash Probability
Risk of crash in next 6/12 months: Low (<25%)
What is Value at Risk (VaR)?
Risk Fundamentals
ZIONP is a 68.85% riskier investment compared to the market/S&P 500 & is 44.65% riskier than Nasdaq (IXIC)
Risk (measured by volatility) is -8.54% below industry average
Overall, it is amongst the top 50% most risky stocks
Beta Examination of
ZIONP
Beta in relation to market/S&P 500--1.23
Expected beta in 1 year's time:
-
Expected beta in 3 year's time:
-
Unlevered (debt free) Beta:
1.132
Beta in relation to Nasdaq (XNAS):
0.229
Beta in relation to all global stocks::
0.466
Beta Comparison & Analysis
Beta of competitors/peers::
1.052
Beta is 16.84% higher than peers
Average Industry Beta:
0.964
Beta is 27.50% above industry average
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
14.47%
Sustainable growth rate is 58.54% above industry average
Alpha provided | Alpha Analysis
Alpha provided:
-0.077
Alpha is -760.38% below industry average alpha yield
Alpha is -488% below the market average
Analysis of Cost of Capital of
ZIONP
Equity cost of capital:
0.116
Equity cost of capital is 18.62% above industry mean WACC
Unlevered (without debt) cost of capital:
10.65%
Before-tax cost of debt:
7.69%
After-tax cost of debt:
6.08%
Overall debt rating:
Non-investment grade (junk/speculative grade
Weighted average cost of capital (WACC):
6.08%
WACC is 0.31% above industry mean WACC
Key Per-Share Metrics & Analysis
Revenue per share:
$19.24
Revenue growth rate per share of (3Y):
0.48
-
EPS:
$6.14
Expected Annual growth rate of EPS (3Y):
0.00%
-
Free cash flow (FCF) per share:
$0.00
-
-
Debt per share
$4.58
EBITDA per share
$8.98
Valuation Analysis Today of
ZIONP
P/E Ratio:
0
P/E Ratio of Competitors/Peers:
13.5
P/E ratio is -100.00% lower than main peers & is higher than the industry
Stock price/value with industry average P/E ratio: $76.19
ZIONP is -73.75% undervalued if valued using industry average P/E ratio
-
-
P/S (Price to Sales ratio):
1.04
Price to sales ratio is -75.69% below the industry mean
P/B (Price to book value ratio):
0.48
Price to free cash flow: 12691.97
-
Net income growth rate (3Y):
-
Dividend Analysis
Dividend payout rate: 6.53%
-
Previous Dividend: $44,621.00
Previous adjusted dividend: $0.25
-
-
-
-
Average dividend increase/decrease (growth rate) % per period: 0.21%
Expected next dividend payment date: 28/04/2022
Expected next dividend record date: 13/06/2022
-
Previous dividend payment date: 28/01/2022
Previous dividend record date: 15/03/2022
-
Dividend History:
2022-02-28--$0.25
2021-08-31--$0.26
2021-02-26--$0.25
2021-11-30--$0.25
2021-05-28--$0.26
2020-11-30--$0.25
Dividend growth rate is -99.11% lower than the industry average
In-depth Debt & Leverage Analysis
Debt to equity ratio:
10.95%
Net debt to equity ratio:
-81.09%
Debt to assets ratio:
0.76%
Net debt to assets ratio:
-5.60%
Debt-to-asset ratio is -99.55% below industry average
Ability to repay debt:
Interest coverage ratio:
25.49
Interest coverage ratio is 2975.56% more than industry average
Looking forward:
Debt growth rate:
0.00%
-
Debt repayment rate in last quarter: 29.62%
Analysis of Key Statistics
Correlation of price movement with the market:
0.223
Statistical significance of correlation:
ZIONP has a statistically significant correlation with the market
Average Correlation of the industry with the market:
0.501
Stock price is -55.55% less 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):
-0.016
Covariance of price movement with the market:
-0.024
Kurtosis
64.928
Returns have severe fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are considerably more likely, compared to assets with normally distributed returns
Skewness of returns:
0.784
Returns are right (positive) skewed; mean returns are greater than median and mode returns
Fundamental Analysis & Dupont Analysis of
ZIONP
Gross Profit Margin Ratio:
-
Operating Profit Margin Ratio:
0.00%
-
Net Profit Margin Ratio:
-
Effective Tax Rate:
21.71%
Effective tax rate is 0.73% higher than the industry
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
16.05%
Return on equity (ROE) is 34.52% higher than the industry
Financial Leverage
Asset Turnover Ratio (ROA):
1.11%
Return on assets (ROA) is -51.91% lower than the industry
Financial Leverage:
1.0x
Current Ratio:
0
-
Cash Conversion Cycle (days):
0
-
The remaining useful life of property plant & equipment is: 6.2 years
Stock based compensation to net income ratio:
1.68%
In-depth Efficiency Analysis
Revenue generated per employee:
298.9K
Each employee generates -21% less revenue than industry average revenue per employee
EBITDA generated per employee:
139.5K
Each employee generates -38% less EBITDA than industry average revenue per employee
Profit generated per employee:
104.3K
Each employee generates -26% less net income/profit than industry average revenue per employee
Free cash flow (FCF) generated per employee:
24.3K
Each employee generates -71% less free cash flow than industry average revenue per employee
Assets/Capital per employee
3.1M
Each employee generates -71% less free cash flow than industry average revenue per employee
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
ZIONP
LUTHER BURBANK CORPORATION (XNAS:LBC)
FIRST FINANCIAL CORPORATION (XNAS:THFF)
CF Acquisition Corp IV (XNAS:CFIV)
OPORTUN FINANCIAL CORPORATION (XNAS:OPRT)
NEWTEK BUSINESS SERVICES CORP. (XNAS:NEWT)
Khosla Ventures Acquisition Co III (XNAS:KVSC)
MONEYGRAM INTERNATIONAL, INC. (XNAS:MGI)
CAMBRIDGE BANCORP (XNAS:CATC)
TriState Capital Holdings, Inc. (XNAS:TSCBP)
Current Analyst Ratings
Strong buy�0%
Buy�0%
Hold�0%
Sell�0%
Strong sell�0%
Overall analyst sentiment is: -
Income Statement
Period:
TTM
Date:
3/31/22
Revenue:
2.90B
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:
-
-
-
1.18B
1.20B
22.00M
-
-
2.26B
53.00M
8.00M
1.35B
-
1.01B
1.29B
280.00M
1.01B
Statement of Cash Flow
Date:
Period:
19.00M
Differed Income Tax :
39.00M
Stock Based Compensation :
17.00M
Change in Working Capital :
30.00M
Accounts Receivables:
-
Other Working Capital:
- 10000.00K
Other Non-Cash Items:
- 20000.00K
Net Cash Provided by Operating Activities:
288.00M
Investments in PP&E:
- 53000.00K
Net Acquisitions:
-
Purchases of Investments:
- 4690000.00K
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
5.79B
26.15B
31.94B
318.00M
-
-
-
1.35B
-
-
27.25B
-
-
29.61B
120.73B
91.13B
-
-
-
-
-
-
689.00M
-
689.00M
85.52B
84.83B
1.89B
5.31B
- 1346000.0K
-
March 31, 2022 at 6:00:00 AM
-
6.29B
91.13B
53.39B
689.00M
- 5104000.0K
6.03B
- 351000.00K
931.00M
- 290000.00K
6.00M
- 51000.00K
- 66000.00K
- 713000.00K
- 1114000.00K
-
105.00M
700.00M
595.00M
288.00M
- 53000.00K
235.00M
Our Proprietary Portfolio Rating
Our Rating:
D
Price Forecast/Expected Price in Next 5 Years of
ZIONP
2023
2024
2025
2026
2027
$21.76
$37.08
$40.14
$43.45
$47.04