A Business at a Glance
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Kearny Financial Corp.
KRNY
$584M
Mkt Cap
$9.40
+3.07%
Kearny Financial Corp. (KRNY) has a current P/E ratio of 22.4, compared to its historical median P/E of 14.7. The stock is currently considered Fair based on its historical valuation range.
Kearny Financial Corp. (KRNY) has a 5-year average return on invested capital (ROIC) of 2.1%. This is below average and may indicate limited pricing power.
Kearny Financial Corp. (KRNY) has a market capitalization of $609M. It is classified as a small-cap stock.
Yes, Kearny Financial Corp. (KRNY) pays a dividend with a trailing twelve-month yield of 4.57%.
Based on historical P/E analysis, Kearny Financial Corp. (KRNY) appears fair. The current P/E of 22.4 is 53% above its historical median of 14.7. The estimated fair value CAGR (P/E method) is -6.6%.
Kearny Financial Corp. (KRNY) operates in the Savings Institution, Federally Chartered industry, within the Financials sector.
Kearny Financial Corp. (KRNY) reported annual revenue of $344 million in its most recent fiscal year, based on SEC EDGAR filings.
Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and words of similar meaning. These forward-looking statements include, but are not limited to: •statements of our goals, intentions and expectations; •statements regarding our business plans, prospects, growth and operating strategies; •statements regarding the quality of our loan and investment portfolios; and •estimates of our risks and future costs and benefits. These forward-looking statements are based on current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 173M | 344M | 327M | 296M | 240M | 259M |
| Net Income | 36M | 26M | -87M | 41M | 68M | 63M |
| EPS | $0.55 | $0.42 | $-1.39 | $0.63 | $0.95 | $0.77 |
| Free Cash Flow | 30M | 21M | 43M | 68M | 78M | 70M |
| ROIC | 4.7% | 3.5% | -10.7% | 4.6% | 7.0% | 5.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 9.38 | 9.20 | 1.73 | 1.01 | 0.66 |
| Dividends/Share | $0.43 | $0.44 | $0.44 | $0.43 | $0.43 | $0.35 |
| Operating Income | 5.3M | 3.4M | -81M | 6.3M | 92M | 84M |
| Operating Margin | 3.1% | 1.0% | -24.7% | 2.1% | 38.4% | 32.6% |
| ROE | 4.7% | 3.5% | -10.7% | 4.6% | 7.0% | 5.9% |
| Shares Outstanding | 65M | 62M | 62M | 65M | 71M | 82M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 104M | 114M | 138M | 150M | 185M | 251M | 253M | 259M | 240M | 296M | 327M | 344M | 173M |
| Gross Margin | 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 |
| 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 | 36M | 39M | 42M | 48M | 54M | 63M | 62M | 69M | 76M | 76M | 69M | 71M | 75M |
| EBIT | 620K | 666K | 23M | 27M | 34M | 56M | 57M | 84M | 92M | 6.3M | -81M | 3.4M | 5.3M |
| Op. Margin | 0.6% | 0.6% | 16.4% | 18.2% | 18.4% | 22.3% | 22.6% | 32.6% | 38.4% | 2.1% | -24.7% | 1.0% | 3.1% |
| Net Income | 10M | 5.6M | 16M | 19M | 20M | 42M | 45M | 63M | 68M | 41M | -87M | 26M | 36M |
| Net Margin | 9.8% | 4.9% | 11.5% | 12.4% | 10.6% | 16.8% | 17.8% | 24.4% | 28.1% | 13.8% | -26.5% | 7.6% | 20.7% |
| Non-Recurring | 0 | 14K | 14K | 9K | -10K | -22K | -383K | 971K | 363K | 2.9M | 97M | -24K | -24K |
| Returns on Capital | |||||||||||||
| ROIC | 2.1% | 0.7% | 1.4% | 1.7% | 1.7% | 3.5% | 4.1% | 5.9% | 7.0% | 4.6% | -10.7% | 3.5% | 4.7% |
| ROE | 2.1% | 0.7% | 1.4% | 1.7% | 1.7% | 3.5% | 4.1% | 5.9% | 7.0% | 4.6% | -10.7% | 3.5% | 4.7% |
| ROA | 0.6% | 0.1% | 0.4% | 0.4% | 0.3% | 0.6% | 0.7% | 0.9% | 0.9% | 0.5% | -1.1% | 0.3% | 0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 26M | 21M | 39M | 39M | 45M | 39M | 19M | 75M | 81M | 70M | 44M | 25M | 32M |
| Free Cash Flow | 22M | 18M | 37M | 34M | 37M | 33M | 13M | 70M | 78M | 68M | 43M | 21M | 30M |
| Owner Earnings | 21M | 15M | 33M | 29M | 33M | 26M | 6.4M | 61M | 68M | 58M | 35M | 17M | -28M |
| CapEx | 3.6M | 2.1M | 2.2M | 4.0M | 8.3M | 6.1M | 6.0M | 5.5M | 2.9M | 1.4M | 1.4M | 3.4M | 1.8M |
| Maint. CapEx | 2.6M | 2.9M | 3.0M | 2.8M | 3.2M | 4.3M | 4.6M | 6.8M | 6.7M | 6.3M | 5.3M | 4.9M | 57M |
| Growth CapEx | 915K | 0 | 0 | 1.2M | 5.0M | 1.8M | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.6M | 2.9M | 3.0M | 2.8M | 3.2M | 4.3M | 4.6M | 6.8M | 6.7M | 6.3M | 5.3M | 4.9M | 57M |
| CapEx/OCF | 13.7% | 10.0% | 5.6% | 10.5% | 18.3% | 15.4% | 30.8% | 7.2% | 3.6% | 1.9% | 3.1% | 13.7% | 5.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 7.2M | 8.3M | 21M | 35M | 24M | 29M | 31M | 28M | 28M | 28M | 28M |
| Dividend Yield | N/A | N/A | 1.0% | 1.0% | 2.5% | 4.0% | 3.4% | 4.5% | 4.3% | 5.6% | 7.3% | 7.1% | 4.6% |
| Share Buybacks | 4.1M | 0 | 22M | 126M | 143M | 142M | 70M | 119M | 130M | 28M | 11M | 0 | 0 |
| Buyback Yield | 0.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.1M | 2.6M | 2.9M | 6.8M | 9.2M | 8.8M | 8.2M | 7.7M | 6.3M | 4.9M | 4.0M | 3.2M | 3.7M |
| Debt Repayment | 12M | 17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -35M | 144M | 1.4B | N/A | N/A | -124M |
| Cash & Equiv. | 135M | 340M | 199M | 78M | 129M | 39M | 181M | 68M | 102M | 71M | 64M | 167M | 124M |
| 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 | N/A |
| Debt/Equity | 6.10 | 2.63 | 2.92 | 3.56 | 4.19 | 4.89 | 5.23 | 0.66 | 1.01 | 1.73 | 9.20 | 9.38 | 0.00 |
| Interest Coverage | 0.0 | 0.0 | 1.7 | 1.8 | 1.7 | 1.7 | 1.7 | 2.7 | 4.1 | 0.1 | 0.3 | 0.0 | 0.1 |
| Equity | 495M | 1.2B | 1.1B | 1.1B | 1.3B | 1.1B | 1.1B | 1.0B | 894M | 869M | 754M | 746M | 763M |
| Total Assets | 3.5B | 4.2B | 4.5B | 4.8B | 6.6B | 6.6B | 6.8B | 7.3B | 7.7B | 8.1B | 7.7B | 7.7B | 7.6B |
| Total Liabilities | 3.0B | 3.1B | 3.4B | 3.8B | 5.3B | 5.5B | 5.7B | 6.2B | 6.8B | 7.2B | 6.9B | 7.0B | 6.8B |
| Intangibles | 790K | 597K | 430K | 292K | 6.3M | 5.2M | 4.0M | 3.7M | 3.0M | 2.5M | 1.9M | 1.4M | 1.1M |
| Retained Earnings | 336M | 342M | 351M | 361M | 359M | 367M | 388M | 408M | 445M | 458M | 343M | 342M | 350M |
| 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 | 0.11 | 0.06 | 0.18 | 0.22 | 0.24 | 0.46 | 0.55 | 0.77 | 0.95 | 0.63 | -1.39 | 0.42 | 0.55 |
| Owner EPS | 0.23 | 0.16 | 0.38 | 0.34 | 0.40 | 0.28 | 0.08 | 0.74 | 0.96 | 0.90 | 0.56 | 0.27 | -0.44 |
| Book Value | 5.34 | 12.44 | 13.06 | 12.50 | 15.54 | 12.30 | 13.26 | 12.70 | 12.57 | 13.42 | 12.09 | 12.02 | 11.79 |
| Cash Flow/Share | 0.28 | 0.22 | 0.45 | 0.46 | 0.55 | 0.43 | 0.24 | 0.92 | 1.14 | 1.07 | 0.71 | 0.40 | 1.43 |
| Dividends/Share | N/A | N/A | 0.08 | 0.10 | 0.25 | 0.37 | 0.29 | 0.35 | 0.43 | 0.43 | 0.44 | 0.44 | 0.43 |
| Shares Out. | 92.6M | 93.8M | 87.9M | 84.6M | 81.7M | 91.6M | 81.8M | 82.1M | 71.1M | 64.8M | 62.4M | 62.1M | 64.7M |
| Valuation | |||||||||||||
| P/E Ratio | 69.4 | 129.3 | 46.8 | 47.1 | 39.8 | 21.0 | 10.2 | 12.2 | 9.4 | 9.4 | N/A | 14.7 | 17.0 |
| P/FCF | 31.5 | 39.4 | 20.0 | 25.4 | 21.2 | 26.9 | 34.4 | 11.1 | 8.1 | 5.6 | 8.0 | 17.9 | 20.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 91.5 |
| Price/Book | 1.4 | 0.6 | 0.6 | 0.8 | 0.6 | 0.8 | 0.4 | 0.7 | 0.7 | 0.4 | 0.5 | 0.5 | 0.8 |
| Price/Sales | 6.7 | 7.5 | 6.9 | 7.4 | 6.1 | 5.2 | 4.2 | N/A | 3.4 | 2.9 | 2.7 | 2.5 | 3.5 |
| FCF Yield | 3.2% | 2.5% | 5.0% | 3.9% | 4.7% | 3.7% | 2.9% | 9.0% | 12.3% | 17.7% | 12.5% | 5.6% | 4.9% |
| Market Cap | 707M | 728M | 740M | 877M | 780M | 885M | 460M | 774M | 637M | 385M | 342M | 382M | 609M |
| Avg. Price | 5.94 | 7.09 | 8.33 | 9.97 | 10.00 | 9.58 | 8.62 | 7.80 | 9.95 | 7.89 | 6.04 | 6.25 | 9.40 |
| Year-End Price | 7.63 | 7.76 | 8.42 | 10.37 | 9.55 | 9.66 | 5.63 | 9.42 | 8.96 | 5.94 | 5.48 | 6.16 | 9.40 |
Kearny Financial Corp. passes 2 of 9 quality checks, indicating weak fundamentals.
Kearny Financial Corp. trades at 22.4x trailing earnings, compared to its 15-year median P/E of 14.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 27.3x vs a median of 18.9x. The company's 5-year average ROIC is 2.1%. Total shareholder yield (dividends) is 4.6%. At current prices, the estimated annualized return to fair value is +10.3%.
Kearny Financial Corp. (KRNY) has a net profit margin of 7.6%. This is a modest margin.
Kearny Financial Corp. (KRNY) generated $21 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Kearny Financial Corp. (KRNY) has a debt-to-equity ratio of 9.38. This indicates higher leverage, which may increase financial risk.
Kearny Financial Corp. (KRNY) reported earnings per share (EPS) of $0.42 in its most recent fiscal year.
Kearny Financial Corp. (KRNY) has a return on equity (ROE) of 3.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 13 years of financial data for Kearny Financial Corp. (KRNY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Kearny Financial Corp. (KRNY) has a book value per share of $12.02, based on its most recent annual SEC filing.
No recent press releases.