FSBW - FS Bancorp, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$45.00
DETAILS
HIGH:
$45.00
LOW:
$45.00
MEDIAN:
$45.00
CONSENSUS:
$45.00
UPSIDE:
10.70%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 217.5 | 203.7 | 185.3 | 134.1 | 131.1 | 142.1 | 109.6 | 79.0 | 66.5 | 59.2 | 47.8 | 33.5 | 28.8 | 23.2 | 17.9 | 20.0 | 19.6 | 21.0 | 21.9 |
| Cost of Revenue | 72.8 | 67.2 | 48.7 | 20.6 | 10.2 | 27.8 | 22.2 | 11.8 | 5.7 | 6.6 | 5.9 | 4.5 | 4.3 | 5.3 | 5.4 | 7.4 | 11.6 | 7.5 | 5.8 |
| Gross Profit | 144.7 | 136.5 | 136.6 | 113.5 | 120.9 | 114.4 | 87.4 | 67.3 | 60.9 | 52.7 | 41.8 | 29.0 | 24.4 | 18.0 | 12.5 | 12.6 | 8.0 | 13.5 | 16.1 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 58.6 | 58.4 | 57.4 | 49.8 | 51.0 | 39.5 | 34.9 | 29.8 | 27.8 | 23.2 | 17.7 | 14.8 | 11.6 | 9.0 | 6.2 | 10.7 | 11.4 | 15.2 | 12.5 |
| Other Expenses | 41.4 | 36.5 | 34.0 | 26.7 | 22.4 | 25.1 | 24.4 | 8.9 | 12.4 | 13.4 | 10.3 | 7.7 | 6.9 | 5.7 | 4.7 | 0.4 | 1.2 | 2.1 | 1.7 |
| Operating Expenses | 100.0 | 94.9 | 91.3 | 76.5 | 73.4 | 64.5 | 59.3 | 38.7 | 40.3 | 36.6 | 28.1 | 22.5 | 18.5 | 14.8 | 10.9 | 11.0 | 12.5 | 17.3 | 14.3 |
| Operating Income | |||||||||||||||||||
| Operating Income | 44.7 | 41.6 | 45.3 | 37.0 | 47.4 | 49.9 | 28.1 | 28.6 | 20.6 | 16.1 | 13.7 | 6.5 | 5.9 | 3.2 | 1.5 | 1.6 | (4.6) | (3.9) | 1.8 |
| Interest Expense | 66.8 | 61.7 | 43.9 | 14.4 | 9.7 | 14.7 | 19.3 | 10.2 | 4.9 | 4.2 | 3.7 | 2.7 | 2.2 | 2.4 | 3.0 | 3.9 | 4.5 | 6.9 | 5.5 |
| Interest Income | 197.2 | 184.8 | 167.2 | 118.7 | 96.4 | 88.8 | 89.6 | 62.3 | 46.2 | 38.0 | 31.7 | 24.8 | 21.7 | 18.8 | 16.5 | 17.3 | 16.4 | 17.6 | 17.0 |
| Profitability | |||||||||||||||||||
| EBITDA | 55.0 | 52.1 | 57.9 | 51.0 | 62.6 | 63.5 | 40.2 | 33.8 | 24.5 | 21.3 | 16.2 | 9.2 | 8.2 | 4.2 | 2.4 | 2.5 | (3.6) | (3.1) | 2.5 |
| EBIT | 44.7 | 41.6 | 45.3 | 37.0 | 47.4 | 49.9 | 28.2 | 28.6 | 20.6 | 16.1 | 13.7 | 6.5 | 5.9 | 3.2 | 1.5 | 1.6 | (4.6) | (3.9) | 1.8 |
| Income Before Tax | 41.1 | 41.6 | 45.3 | 37.0 | 47.4 | 49.9 | 28.1 | 28.6 | 20.6 | 16.1 | 13.7 | 6.5 | 5.9 | 3.2 | 1.5 | 1.6 | (4.6) | (3.9) | 1.8 |
| Income Tax Expense | 7.8 | 6.6 | 9.2 | 7.3 | 10.0 | 10.6 | 5.4 | 4.2 | 6.5 | 5.6 | 4.9 | 1.9 | 2.0 | (2.1) | 0 | 0 | 0 | 0.3 | 0.6 |
| Net Income | 33.3 | 35.0 | 36.1 | 29.6 | 37.4 | 39.3 | 22.7 | 24.3 | 14.1 | 10.5 | 8.9 | 4.5 | 3.9 | 5.3 | 1.5 | 1.6 | (4.6) | (4.1) | 1.2 |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | 4.34 | 4.48 | 4.63 | 3.75 | 4.42 | 4.57 | 2.57 | 3.29 | 2.28 | 1.82 | 1.49 | 0.76 | 0.65 | 0.88 | 0.24 | 0.25 | -0.71 | -0.64 | 0.19 |
| EPS (Diluted) | 4.28 | 4.36 | 4.56 | 3.70 | 4.32 | 4.49 | 2.50 | 3.15 | 2.14 | 1.76 | 1.47 | 0.76 | 0.65 | 0.88 | 0.24 | 0.25 | -0.71 | -0.64 | 0.19 |
| Shares Outstanding | 7.5 | 7.7 | 7.8 | 7.9 | 8.5 | 8.5 | 8.8 | 7.4 | 6.2 | 5.8 | 6.0 | 6.0 | 6.1 | 6.0 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 13.5 | 33.4 | 89.9 | 46.1 | 37.0 | 103.9 | 66.7 | 54.9 | 37.0 | 51.7 | 28.5 |
| Short-Term Investments | 288.7 | 167.4 | 104.4 | 229.3 | 271.4 | 178.0 | 126.1 | 97.2 | 82.5 | 81.9 | 0 |
| Net Receivables | 14.6 | 13.9 | 14.0 | 11.1 | 7.6 | 7.0 | 5.9 | 5.8 | 3.6 | 2.5 | 1.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 316.8 | 214.6 | 208.2 | 286.5 | 316.0 | 288.9 | 198.6 | 157.8 | 123.1 | 136.1 | 29.5 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 44.1 | 35.1 | 37.2 | 31.3 | 31.1 | 32.3 | 33.8 | 29.1 | 15.5 | 16.0 | 9.7 |
| Goodwill | 3.6 | 3.6 | 3.6 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 0 |
| Intangible Assets | 10.5 | 22.9 | 34.5 | 21.4 | 21.0 | 17.3 | 17.0 | 16.6 | 8.1 | 10.2 | 0 |
| Long-Term Investments | 2,623.2 | 2,652.0 | 2,624.2 | 2,219.4 | 1,861.8 | 1,718.9 | 1,406.0 | 1,363.7 | 815.0 | 645.9 | 232.0 |
| Other Non-Current Assets | 191.7 | 93.8 | 58.2 | 65.2 | 54.1 | 53.5 | 55.3 | 52.0 | 17.8 | 17.5 | 10.6 |
| Total Non-Current Assets | 2,880.1 | 2,814.5 | 2,764.4 | 2,346.4 | 1,970.4 | 1,824.3 | 1,514.4 | 1,463.8 | 858.7 | 691.8 | 252.3 |
| Total Assets | 3,196.8 | 3,029.2 | 2,972.7 | 2,632.9 | 2,286.4 | 2,113.2 | 1,713.1 | 1,621.6 | 981.8 | 827.9 | 281.8 |
| Current Liabilities | |||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 5.9 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2,748.1 | 2,337.7 | 2,522.3 | 2,127.7 | 1,915.7 | 1,674.1 | 1,392.4 | 1,274.2 | 829.8 | 712.6 | 231.0 |
| Total Current Liabilities | 2,754.0 | 2,339.4 | 2,522.3 | 2,127.7 | 1,915.7 | 1,674.1 | 1,392.4 | 1,274.2 | 829.8 | 712.6 | 231.0 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 129.3 | 349.4 | 53.4 | 236.0 | 91.9 | 112.5 | 94.7 | 147.0 | 17.4 | 22.5 | 25.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 1.2 | 0.1 | 2.0 | 0.4 | 0.6 | 1.2 | 0 |
| Other Non-Current Liabilities | 0 | 39.0 | 125.6 | 31.0 | 25.2 | 91.4 | 18.5 | 20.0 | 12.0 | 10.6 | 1.6 |
| Total Non-Current Liabilities | 135.2 | 394.0 | 185.9 | 273.5 | 123.1 | 209.2 | 120.4 | 167.4 | 29.9 | 34.3 | 27.5 |
| Total Liabilities | 2,889.2 | 2,733.4 | 2,708.2 | 2,401.2 | 2,038.9 | 1,883.2 | 1,512.8 | 1,441.6 | 859.8 | 746.9 | 258.5 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | 280.2 | 257.1 | 230.4 | 202.1 | 179.2 | 146.4 | 110.7 | 90.9 | 68.4 | 55.6 | 23.3 |
| Accumulated Other Comprehensive Income | (15.8) | (17.1) | (23.3) | (25.6) | 0.3 | 2.5 | 0.8 | (1.5) | (0.5) | (0.5) | 0.0 |
| Total Stockholders' Equity | 307.7 | 295.8 | 264.5 | 231.7 | 247.5 | 230.0 | 200.2 | 180.0 | 122.0 | 81.0 | 23.3 |
| Total Liabilities & Equity | 3,196.8 | 3,029.2 | 2,972.7 | 2,632.9 | 2,286.4 | 2,113.2 | 1,713.1 | 1,621.6 | 981.8 | 827.9 | 281.8 |
| Debt Metrics | |||||||||||
| Total Debt | 141.1 | 355.0 | 60.3 | 242.5 | 96.7 | 117.7 | 100.0 | 147.0 | 17.4 | 22.5 | 25.9 |
| Net Debt | 127.6 | 321.6 | (29.6) | 196.3 | 59.7 | 13.8 | 33.3 | 92.2 | (19.6) | (29.2) | (2.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 33.3 | 35.0 | 36.1 | 29.6 | 37.4 | 39.3 | 22.7 | 24.3 | 14.1 | 10.5 |
| Depreciation & Amortization | 11.9 | 10.6 | 12.6 | 14.0 | 15.2 | 13.6 | 12.0 | 5.3 | 3.9 | 5.2 |
| Stock-Based Compensation | 2.3 | 1.8 | 2.0 | 2.0 | 3.2 | 2.3 | 2.4 | 2.0 | 2.1 | 1.6 |
| Change in Working Capital | 0.3 | 2.9 | (3.7) | 1.2 | (5.7) | 10.1 | (7.2) | (1.3) | 1.4 | (4.7) |
| Other Non-Cash Items | 24.7 | 4.9 | 31.4 | 138.9 | 57.2 | (95.2) | (21.7) | (9.6) | (5.7) | (9.3) |
| Operating Cash Flow | 72.3 | 50.8 | 77.7 | 184.9 | 109.0 | (32.3) | 9.2 | 21.4 | 15.1 | 3.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (20.4) | (1.6) | (1.7) | (1.6) | (2.0) | (1.4) | (2.5) | (3.8) | (1.0) | (3.6) |
| Acquisitions | 0 | 0 | 336.2 | 0 | 0 | 0 | 0 | 23.8 | 0 | 180.4 |
| Purchases of Investments | 0 | (110.3) | (76.0) | (24.0) | (130.1) | (106.9) | (61.3) | (31.3) | (47.3) | (55.8) |
| Sales/Maturities of Investments | 0 | 119.6 | 17.3 | 21.2 | 29.9 | 50.2 | 34.8 | 34.6 | 46.7 | 27.7 |
| Other Investing Activities | (206.4) | (111.8) | (198.1) | (499.7) | (208.6) | (212.6) | (26.3) | (210.2) | (167.8) | (95.4) |
| Investing Cash Flow | (206.4) | (104.2) | 77.7 | (504.0) | (310.8) | (270.7) | (55.2) | (187.0) | (169.4) | 53.3 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (178.5) | 214.1 | (92.8) | 144 | (83.9) | 80.9 | (52.5) | 92.9 | (5.1) | (86.1) |
| Stock Repurchased | (15.4) | (2.9) | (0.6) | (15.8) | (14.2) | (9.8) | (4.8) | (0.3) | (0.3) | (4.9) |
| Dividends Paid | (10.3) | (8.3) | (7.8) | (7.1) | (4.6) | (3.6) | (2.9) | (1.9) | (1.3) | (1.1) |
| Other Financing Activities | 333.7 | (183.6) | (30.0) | 213.0 | 239.5 | 281.2 | 119.2 | 88.7 | 117.9 | 47.2 |
| Financing Cash Flow | 130.7 | 19.3 | (131.1) | 334.1 | 136.7 | 348.8 | 59.0 | 179.4 | 136.8 | (44.8) |
| Cash Position | ||||||||||
| Net Change in Cash | (3.4) | (34.1) | 24.3 | 14.9 | (65.1) | 45.8 | 13.0 | 13.9 | (17.5) | 12.0 |
| Cash at Beginning | 31.6 | 65.7 | 41.4 | 26.5 | 91.6 | 45.8 | 32.8 | 18.9 | 36.5 | 24.5 |
| Cash at End | 28.2 | 31.6 | 65.7 | 41.4 | 26.5 | 91.6 | 45.8 | 32.8 | 18.9 | 36.5 |
| Free Cash Flow | 51.9 | 49.2 | 76.0 | 183.3 | 107.0 | (33.7) | 6.7 | 17.6 | 14.1 | (0.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 217.5 | 203.7 | 185.3 | 134.1 | 131.1 | 142.1 | 109.6 | 79.0 | 66.5 | 59.2 | 47.8 | 33.5 | 28.8 | 23.2 | 17.9 | 20.0 | 19.6 | 21.0 | 21.9 |
| Gross Profit | 144.7 | 136.5 | 136.6 | 113.5 | 120.9 | 114.4 | 87.4 | 67.3 | 60.9 | 52.7 | 41.8 | 29.0 | 24.4 | 18.0 | 12.5 | 12.6 | 8.0 | 13.5 | 16.1 |
| Operating Income | 44.7 | 41.6 | 45.3 | 37.0 | 47.4 | 49.9 | 28.1 | 28.6 | 20.6 | 16.1 | 13.7 | 6.5 | 5.9 | 3.2 | 1.5 | 1.6 | (4.6) | (3.9) | 1.8 |
| Net Income | 33.3 | 35.0 | 36.1 | 29.6 | 37.4 | 39.3 | 22.7 | 24.3 | 14.1 | 10.5 | 8.9 | 4.5 | 3.9 | 5.3 | 1.5 | 1.6 | (4.6) | (4.1) | 1.2 |
| EPS (Diluted) | 4.28 | 4.36 | 4.56 | 3.70 | 4.32 | 4.49 | 2.50 | 3.15 | 2.14 | 1.76 | 1.47 | 0.76 | 0.65 | 0.88 | 0.24 | 0.25 | -0.71 | -0.64 | 0.19 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 13.5 | 33.4 | 89.9 | 46.1 | 37.0 | 103.9 | 66.7 | 54.9 | 37.0 | 51.7 | 28.5 | ||||||||
| Total Assets | 3,196.8 | 3,029.2 | 2,972.7 | 2,632.9 | 2,286.4 | 2,113.2 | 1,713.1 | 1,621.6 | 981.8 | 827.9 | 281.8 | ||||||||
| Total Debt | 141.1 | 355.0 | 60.3 | 242.5 | 96.7 | 117.7 | 100.0 | 147.0 | 17.4 | 22.5 | 25.9 | ||||||||
| Stockholders' Equity | 307.7 | 295.8 | 264.5 | 231.7 | 247.5 | 230.0 | 200.2 | 180.0 | 122.0 | 81.0 | 23.3 | ||||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 72.3 | 50.8 | 77.7 | 184.9 | 109.0 | (32.3) | 9.2 | 21.4 | 15.1 | 3.6 | |||||||||
| Capital Expenditure | (20.4) | (1.6) | (1.7) | (1.6) | (2.0) | (1.4) | (2.5) | (3.8) | (1.0) | (3.6) | |||||||||
| Free Cash Flow | 51.9 | 49.2 | 76.0 | 183.3 | 107.0 | (33.7) | 6.7 | 17.6 | 14.1 | (0.0) | |||||||||