A Business at a Glance
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BANK OF SOUTH CAROLINA CORP
BKSC
$100M
Mkt Cap
$17.65
-0.45%
BANK OF SOUTH CAROLINA CORP (BKSC) has a current P/E ratio of 15.2, compared to its historical median P/E of 11.0. The stock is currently considered Expensive based on its historical valuation range.
BANK OF SOUTH CAROLINA CORP (BKSC) has a 5-year average return on invested capital (ROIC) of 14.0%. This indicates solid capital allocation.
BANK OF SOUTH CAROLINA CORP (BKSC) has a market capitalization of $98M. It is classified as a small-cap stock.
Yes, BANK OF SOUTH CAROLINA CORP (BKSC) pays a dividend with a trailing twelve-month yield of 3.86%.
Based on historical P/E analysis, BANK OF SOUTH CAROLINA CORP (BKSC) appears expensive. The current P/E of 15.2 is 38% above its historical median of 11.0. The estimated fair value CAGR (P/E method) is -1.1%.
BANK OF SOUTH CAROLINA CORP (BKSC) operates in the State Commercial Banks industry, within the Financials sector.
BANK OF SOUTH CAROLINA CORP (BKSC) reported annual revenue of $21 million in its most recent fiscal year, based on SEC EDGAR filings.
References in this report to "we," "us," "our," "the Bank," or "the Company" refer to the registrant and its subsidiary that are consolidated for financial reporting purposes. The Bank of South Carolina (the “Bank”) was organized on October 22, 1986 and opened for business as a state-chartered financial institution on February 26, 1987, in Charleston, South Carolina. The Bank was reorganized into a wholly owned subsidiary of the Company, effective April 17, 1995. At the time of the reorganization, each outstanding share of the Bank was exchanged for two shares of Company stock. The Bank operates as an independent, community oriented, commercial bank providing a broad range of financial services and products to the Charleston – North Charleston metro area, which includes Charleston, Berkeley, and Dorchester counties. We have five banking house locations: 256 Meeting Street, Charleston, SC; 100 North Main Street, Summerville, SC; 1337 Chuck Dawley Boulevard, Mt.
| Metric | TTM | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|
| Revenue | 21M | 21M | 21M | 21M | 21M | 20M |
| Net Income | 6.5M | 6.7M | 6.7M | 6.5M | 7.3M | 6.9M |
| EPS | $1.17 | $1.18 | $1.19 | $1.14 | $1.31 | $1.24 |
| Free Cash Flow | 9.4M | 8.9M | 17M | 108K | 2.3M | 9.0M |
| ROIC | 0.0% | 14.4% | 12.5% | 12.2% | 15.1% | 15.7% |
| Gross Margin | - | 98.2% | 98.6% | 97.4% | 95.3% | 94.9% |
| Debt/Equity | 0.59 | 1.06 | 11.60 | 0.42 | 0.45 | 0.51 |
| Dividends/Share | $0.68 | $0.68 | $0.78 | $0.66 | $0.74 | $0.70 |
| Operating Income | 0 | 8.6M | 8.8M | 8.4M | 9.5M | 8.0M |
| Operating Margin | 0.0% | 40.6% | 41.2% | 40.8% | 45.0% | 39.9% |
| ROE | 15.3% | 14.4% | 12.5% | 12.2% | 15.1% | 15.7% |
| Shares Outstanding | 6M | 6M | 6M | 6M | 6M | 6M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 14M | 15M | 15M | 16M | 17M | 18M | 18M | 20M | 21M | 21M | 21M | 21M | 21M |
| Gross Margin | 91.0% | 94.6% | 95.9% | 96.9% | 96.6% | 94.8% | 97.4% | 94.9% | 95.3% | 97.4% | 98.6% | 98.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 4.7M | 5.0M | 5.2M | 5.5M | 5.9M | 6.1M | 6.1M | 6.5M | 6.8M | 7.2M | 7.4M | 7.5M | 7.9M |
| EBIT | 4.5M | 5.3M | 5.9M | 6.4M | 7.2M | 6.9M | 7.7M | 8.0M | 9.5M | 8.4M | 8.8M | 8.6M | 0 |
| Op. Margin | 32.3% | 35.6% | 38.7% | 40.0% | 41.5% | 38.2% | 41.9% | 39.9% | 45.0% | 40.8% | 41.2% | 40.6% | 0.0% |
| Net Income | 3.2M | 3.7M | 4.1M | 4.4M | 4.9M | 5.2M | 4.9M | 6.9M | 7.3M | 6.5M | 6.7M | 6.7M | 6.5M |
| Net Margin | 22.7% | 24.8% | 26.7% | 27.5% | 28.3% | 28.9% | 26.6% | 34.4% | 34.7% | 31.3% | 31.5% | 31.3% | 30.8% |
| Non-Recurring | 0 | -2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.5% | 11.1% | 11.9% | 12.3% | 12.9% | 13.2% | 11.8% | 15.7% | 15.1% | 12.2% | 12.5% | 14.4% | 0.0% |
| ROE | 10.5% | 11.1% | 11.9% | 12.3% | 12.9% | 13.2% | 11.8% | 15.7% | 15.1% | 12.2% | 12.5% | 14.4% | 15.3% |
| ROA | 1.0% | 1.1% | 1.2% | 1.2% | 1.3% | 1.3% | 1.1% | 1.6% | 1.7% | 1.3% | 1.0% | 1.0% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.2M | -5.9M | 19M | 2.2M | 7.1M | 6.0M | 8.2M | 9.3M | 4.4M | 292K | 17M | 9.5M | 10M |
| Free Cash Flow | 1.9M | -6.0M | 19M | 2.1M | 7.0M | 5.8M | 8.0M | 9.0M | 2.3M | 108K | 17M | 8.9M | 9.4M |
| Owner Earnings | 2.0M | -6.2M | 18M | 1.9M | 6.8M | 5.8M | 7.9M | 9.0M | 4.1M | -222K | 17M | 9.0M | 3.8M |
| CapEx | 385K | 83K | 161K | 98K | 134K | 197K | 141K | 287K | 2.2M | 184K | 142K | 565K | 674K |
| Maint. CapEx | 209K | 207K | 193K | 200K | 197K | 189K | 193K | 196K | 230K | 421K | 413K | 359K | 6.2M |
| Growth CapEx | 175K | 0 | 0 | 0 | 0 | 7K | 0 | 91K | 2.0M | 0 | 0 | 206K | 0 |
| D&A | 209K | 207K | 193K | 200K | 197K | 189K | 193K | 196K | 230K | 421K | 413K | 359K | 6.2M |
| CapEx/OCF | N/A | N/A | N/A | 4.5% | 1.9% | N/A | 1.7% | 3.1% | 49.2% | 63.1% | N/A | N/A | 6.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.4M | 2.5M | 1.6M | 2.8M | 2.4M | 2.6M | 2.8M | 3.7M | 4.0M | 3.6M | 4.3M | 3.8M | 3.8M |
| Dividend Yield | N/A | N/A | N/A | 6.5% | 5.0% | N/A | 4.1% | 4.8% | 5.3% | 5.0% | N/A | N/A | 3.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 399K | 399K | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | N/A | N/A | 0.0% | N/A | N/A | N/A | 0.5% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 65K | 73K | 75K | 75K | 79K | 77K | 72K | 72K | 78K | 93K | 103K | 122K | 120K |
| Debt Repayment | 767K | 0 | 0 | 7.0M | 7.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -53M | -12M | -9.1M | -3.7M | -30M | -27M | -33M | -8.8M | -26M | -160M | N/A | -258M | -256M |
| Cash & Equiv. | 52M | 31M | 22M | 10M | 29M | 26M | 33M | 32M | 49M | 48M | 140M | 28M | 281M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 25M |
| Debt/Equity | -0.02 | 0.56 | 0.37 | 0.19 | 0.00 | 0.00 | 0.00 | 0.51 | 0.45 | 0.42 | 11.60 | 1.06 | 0.59 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 32M | 34M | 35M | 37M | 39M | 41M | 43M | 45M | 51M | 55M | 54M | 39M | 43M |
| Total Assets | 334M | 325M | 341M | 367M | 399M | 414M | 447M | 429M | 445M | 532M | 679M | 653M | 648M |
| Total Liabilities | 302M | 291M | 306M | 330M | 360M | 373M | 404M | 384M | 394M | 478M | 625M | 615M | 606M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 3.5M | 5.2M | 7.0M | 8.6M | 4.1M | 6.6M | 8.8M | 2.7M | 5.9M | 8.7M | 11M | 14M | 15M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.72 | 0.82 | 0.83 | 0.87 | 0.96 | 0.94 | 0.88 | 1.24 | 1.31 | 1.14 | 1.19 | 1.18 | 1.17 |
| Owner EPS | 0.44 | -1.38 | 3.76 | 0.38 | 1.34 | 1.03 | 1.42 | 1.62 | 0.74 | -0.04 | 2.99 | 1.59 | 0.68 |
| Book Value | 7.22 | 7.59 | 7.07 | 7.27 | 7.70 | 7.28 | 7.68 | 8.14 | 9.16 | 9.70 | 9.51 | 6.88 | 7.67 |
| Cash Flow/Share | 0.51 | -1.32 | 3.82 | 0.43 | 1.40 | 1.08 | 1.47 | 1.67 | 0.80 | 0.05 | 3.08 | 1.68 | 2.28 |
| Dividends/Share | 0.42 | 0.45 | 0.50 | 0.62 | 0.52 | 0.54 | 0.58 | 0.70 | 0.74 | 0.66 | 0.78 | 0.68 | 0.68 |
| Shares Out. | 4.4M | 4.5M | 4.9M | 5.1M | 5.1M | 5.6M | 5.6M | 5.6M | 5.6M | 5.7M | 5.7M | 5.6M | 5.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 10.8 | 11.2 | N/A | 13.7 | 10.5 | 10.7 | 11.2 | N/A | N/A | 15.0 |
| P/FCF | N/A | N/A | N/A | 20.8 | 7.1 | N/A | 8.3 | 8.0 | 34.6 | 672.8 | N/A | N/A | 10.4 |
| EV/EBIT | N/A | N/A | N/A | 8.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | 1.3 | 1.4 | N/A | 1.6 | 1.6 | 1.5 | 1.3 | N/A | N/A | 2.3 |
| Price/Sales | N/A | N/A | N/A | 3.0 | 3.1 | N/A | 3.8 | 3.9 | 3.8 | 3.5 | N/A | N/A | 4.6 |
| FCF Yield | N/A | N/A | N/A | 4.4% | 12.7% | N/A | 12.0% | 12.5% | 2.9% | 0.1% | N/A | N/A | 9.6% |
| Market Cap | 0 | 0 | 0 | 48M | 55M | 0 | 67M | 72M | 78M | 73M | 0 | 0 | 98M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 8.45 | 9.33 | 0.00 | 12.26 | 13.71 | 13.65 | 12.71 | 0.00 | 0.00 | 17.65 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 8.55 | 9.81 | 0.00 | 12.03 | 12.96 | 14.00 | 12.80 | 0.00 | 0.00 | 17.65 |
BANK OF SOUTH CAROLINA CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
BANK OF SOUTH CAROLINA CORP trades at 15.2x trailing earnings, compared to its 15-year median P/E of 11.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.4x vs a median of 8.3x. The company's 5-year average ROIC is 14.0% with a gross margin of 96.9%. Total shareholder yield (dividends) is 3.9%. At current prices, the estimated annualized return to fair value is +17.7%.
BANK OF SOUTH CAROLINA CORP (BKSC) has a net profit margin of 31.3%. This is a strong margin indicating high profitability.
BANK OF SOUTH CAROLINA CORP (BKSC) generated $9 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BANK OF SOUTH CAROLINA CORP (BKSC) has a debt-to-equity ratio of 1.06. This indicates moderate leverage.
BANK OF SOUTH CAROLINA CORP (BKSC) reported earnings per share (EPS) of $1.18 in its most recent fiscal year.
BANK OF SOUTH CAROLINA CORP (BKSC) has a return on equity (ROE) of 14.4%. This indicates moderate shareholder returns.
BANK OF SOUTH CAROLINA CORP (BKSC) has a 5-year average gross margin of 96.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for BANK OF SOUTH CAROLINA CORP (BKSC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BANK OF SOUTH CAROLINA CORP (BKSC) has a book value per share of $6.88, based on its most recent annual SEC filing.
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