A Business at a Glance
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Hanover Bancorp, Inc. /MD operates in the State Commercial Banks industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 72M | 68M | 63M | 70M | 45M | 28M |
| Net Income | 8.3M | 12M | 15M | 24M | 11M | 5.0M |
| EPS | $1.11 | $1.66 | $2.05 | $3.68 | $2.28 | $1.18 |
| Free Cash Flow | 1.3M | 4.6M | 13M | 24M | 11M | -527K |
| ROIC | 0.0% | 36.8% | 29.1% | 23.4% | 14.0% | 15.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.50 | 0.55 | 0.70 | 0.59 | 1.30 | 1.28 |
| Dividends/Share | $0.42 | $0.40 | $0.40 | $0.32 | - | - |
| Operating Income | 0 | 68M | 53M | 38M | 21M | 19M |
| Operating Margin | 0.0% | 99.1% | 83.4% | 53.7% | 46.6% | 67.5% |
| ROE | 4.1% | 6.5% | 8.2% | 13.6% | 8.9% | 6.4% |
| Shares Outstanding | 7M | 7M | 7M | 6M | 5M | 4M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 28M | 45M | 70M | 63M | 68M | 72M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 19M | 21M | 38M | 53M | 68M | 0 |
| Op. Margin | 67.5% | 46.6% | 53.7% | 83.4% | 99.1% | 0.0% |
| Net Income | 5.0M | 11M | 24M | 15M | 12M | 8.3M |
| Net Margin | 17.5% | 24.1% | 33.6% | 23.9% | 18.0% | 11.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 15.7% | 14.0% | 23.4% | 29.1% | 36.8% | 0.0% |
| ROE | 6.4% | 8.9% | 13.6% | 8.2% | 6.5% | 4.1% |
| ROA | 0.6% | 0.7% | 1.3% | 0.7% | 0.5% | 80.4% |
| Cash Flow | ||||||
| Op. Cash Flow | 566K | 13M | 25M | 16M | 5.9M | 3.4M |
| Free Cash Flow | -527K | 11M | 24M | 13M | 4.6M | 1.3M |
| Owner Earnings | -1.5M | 11M | 22M | 13M | 2.2M | -291K |
| CapEx | 1.1M | 2.1M | 1.1M | 3.4M | 1.3M | 2.1M |
| Maint. CapEx | 1.3M | 1.4M | 1.7M | 1.8M | 2.1M | 2.1M |
| Growth CapEx | 0 | 635K | 0 | 1.6M | 0 | 0 |
| D&A | 1.3M | 1.4M | 1.7M | 1.8M | 2.1M | 2.1M |
| CapEx/OCF | N/A | N/A | 4.5% | 20.8% | 21.9% | 61.4% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 2.0M | 2.9M | 3.0M | 3.0M |
| Dividend Yield | N/A | N/A | 1.7% | 2.3% | 2.3% | 1.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 766K | 901K | 1.7M | 1.9M | 1.6M | 1.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | 20M | -6.9M | -48M | -48M | -55M | -67M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 168M |
| Long-Term Debt | 15M | N/A | N/A | N/A | N/A | 101M |
| Debt/Equity | 1.28 | 1.30 | 0.59 | 0.70 | 0.55 | 0.50 |
| Interest Coverage | 1.5 | 3.0 | 5.3 | 1.6 | 1.3 | 1.3 |
| Equity | 78M | 123M | 173M | 185M | 197M | 202M |
| Total Assets | 852M | 1.5B | 1.8B | 2.3B | 2.3B | 10M |
| Total Liabilities | 774M | 1.4B | 1.7B | 2.1B | 2.1B | 233M |
| Intangibles | 1.9M | 19M | 19M | 19M | 19M | 19M |
| Retained Earnings | 14M | 25M | 46M | 59M | 68M | 68M |
| Working Capital | 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 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||
| EPS | 1.18 | 2.28 | 3.68 | 2.05 | 1.66 | 1.11 |
| Owner EPS | -0.37 | 2.28 | 3.40 | 1.72 | 0.30 | -0.04 |
| Book Value | 18.51 | 25.75 | 26.96 | 24.99 | 26.44 | 28.06 |
| Cash Flow/Share | 0.13 | 2.77 | 3.92 | 2.22 | 0.79 | 1.44 |
| Dividends/Share | N/A | N/A | 0.32 | 0.40 | 0.40 | 0.42 |
| Shares Out. | 4.2M | 4.8M | 6.4M | 7.4M | 7.4M | 7.2M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 5.0 | 8.3 | 13.2 | 20.2 |
| P/FCF | N/A | N/A | 4.9 | 9.6 | 35.5 | 123.3 |
| EV/EBIT | N/A | N/A | 1.9 | 1.5 | 1.6 | N/A |
| Price/Book | N/A | N/A | 0.7 | 0.7 | 0.8 | 0.8 |
| Price/Sales | N/A | N/A | 1.7 | 2.0 | 1.9 | 2.3 |
| FCF Yield | N/A | N/A | 20.2% | 10.4% | 2.8% | 0.8% |
| Market Cap | N/A | N/A | 119M | 125M | 163M | 161M |
| Avg. Price | N/A | N/A | 18.73 | 17.46 | 17.52 | 22.40 |
| Year-End Price | N/A | N/A | 18.52 | 16.92 | 21.97 | 22.40 |
Hanover Bancorp, Inc. /MD passes 4 of 9 quality checks, suggesting mixed fundamentals.
Hanover Bancorp, Inc. /MD trades at 20.2x trailing earnings, compared to its 15-year median P/E of 8.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 123.3x vs a median of 9.6x. The company's 5-year average ROIC is 23.8%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is -28.9%.
Hanover Bancorp, Inc. /MD (HNVR) has a current P/E ratio of 20.2, compared to its historical median P/E of 8.3. The stock is currently considered Expensive based on its historical valuation range.
Hanover Bancorp, Inc. /MD (HNVR) has a 5-year average return on invested capital (ROIC) of 23.8%. This indicates strong capital allocation and a potential competitive advantage.
Hanover Bancorp, Inc. /MD (HNVR) has a market capitalization of $161M. It is classified as a small-cap stock.
Yes, Hanover Bancorp, Inc. /MD (HNVR) pays a dividend with a trailing twelve-month yield of 1.85%.
Based on historical P/E analysis, Hanover Bancorp, Inc. /MD (HNVR) appears expensive. The current P/E of 20.2 is 144% above its historical median of 8.3. The estimated fair value CAGR (P/E method) is -13.6%.
Hanover Bancorp, Inc. /MD (HNVR) operates in the State Commercial Banks industry, within the Financials sector.
Hanover Bancorp, Inc. /MD (HNVR) reported annual revenue of $68 million in its most recent fiscal year, based on SEC EDGAR filings.
Hanover Bancorp, Inc. /MD (HNVR) has a net profit margin of 18.0%. This is a healthy margin.
Hanover Bancorp, Inc. /MD (HNVR) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hanover Bancorp, Inc. /MD (HNVR) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
Hanover Bancorp, Inc. /MD (HNVR) reported earnings per share (EPS) of $1.66 in its most recent fiscal year.
Hanover Bancorp, Inc. /MD (HNVR) has a return on equity (ROE) of 6.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 5 years of financial data for Hanover Bancorp, Inc. /MD (HNVR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hanover Bancorp, Inc. /MD (HNVR) has a book value per share of $26.44, based on its most recent annual SEC filing.
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