SPFI - South Plains Financial, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$45.00
DETAILS
HIGH:
$46.00
LOW:
$44.00
MEDIAN:
$45.00
CONSENSUS:
$45.00
UPSIDE:
11.06%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 296.9 | 283.1 | 248.5 | 231.9 | 227.5 | 235.6 | 186.2 | 167.5 | 149.5 |
| Cost of Revenue | 90.2 | 98.1 | 76.9 | 20.1 | 11.4 | 41.5 | 31.2 | 29.4 | 19.9 |
| Gross Profit | 206.7 | 185.0 | 171.6 | 211.9 | 216.2 | 194.1 | 155.1 | 138.1 | 129.6 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 93.0 | 78.1 | 82.8 | 89.9 | 96.6 | 92.3 | 78.4 | 74.8 | 70.1 |
| Other Expenses | 39.6 | 43.6 | 9.4 | 48.8 | 46.5 | 45.2 | 40.0 | 37.9 | 35.7 |
| Operating Expenses | 132.6 | 121.7 | 92.2 | 138.7 | 143.0 | 137.5 | 118.4 | 112.7 | 105.8 |
| Operating Income | |||||||||
| Operating Income | 74.1 | 63.3 | 79.4 | 73.2 | 73.1 | 56.6 | 36.7 | 25.4 | 23.7 |
| Interest Expense | 85.0 | 93.8 | 72.3 | 22.7 | 13.3 | 15.9 | 28.4 | 22.5 | 16.0 |
| Interest Income | 252.0 | 240.9 | 212.0 | 161.2 | 135.0 | 138.2 | 132.9 | 118.1 | 104.4 |
| Profitability | |||||||||
| EBITDA | 74.1 | 69.8 | 85.8 | 80.1 | 79.6 | 63.2 | 41.9 | 30.6 | 29.0 |
| EBIT | 74.1 | 63.3 | 79.4 | 73.2 | 73.1 | 56.6 | 36.7 | 25.4 | 23.7 |
| Income Before Tax | 74.1 | 63.3 | 79.4 | 73.2 | 73.1 | 56.6 | 36.7 | 25.4 | 23.7 |
| Income Tax Expense | 15.6 | 13.6 | 16.7 | 14.9 | 14.5 | 11.2 | 7.5 | (3.9) | 0.1 |
| Net Income | 58.5 | 49.7 | 62.7 | 58.2 | 58.6 | 45.4 | 29.2 | 29.3 | 23.6 |
| Per Share Data | |||||||||
| EPS (Basic) | 3.60 | 3.03 | 3.73 | 3.35 | 3.26 | 2.51 | 1.62 | 1.68 | 1.35 |
| EPS (Diluted) | 3.44 | 2.92 | 3.62 | 3.23 | 3.17 | 2.51 | 1.62 | 1.68 | 1.35 |
| Shares Outstanding | 16.2 | 16.5 | 16.4 | 17.0 | 17.8 | 18.1 | 18.0 | 17.5 | 17.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 58.3 | 359.1 | 330.2 | 234.9 | 486.8 | 300.3 | 158.1 | 246.0 | 294.6 |
| Short-Term Investments | 567.5 | 268.2 | 183.9 | 701.7 | 724.5 | 803.1 | 707.6 | 338.2 | 194.2 |
| Net Receivables | 20.9 | 21.7 | 20.9 | 16.4 | 13.9 | 15.2 | 13.9 | 13.0 | 14.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (20.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 625.9 | 649.0 | 534.9 | 953.0 | 1,225.2 | 1,118.6 | 879.7 | 597.1 | 503.0 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 51.6 | 53.0 | 55.1 | 56.3 | 57.7 | 60.3 | 61.9 | 59.8 | 61.9 |
| Goodwill | 19.3 | 19.3 | 19.3 | 19.5 | 19.5 | 19.5 | 18.8 | 0 | 0 |
| Intangible Assets | 1.1 | 28.0 | 29.0 | 31.8 | 25.6 | 16.6 | 10.7 | 0 | 0 |
| Long-Term Investments | 3,109.4 | 3,032.4 | 2,986.3 | 2,739.2 | 2,472.0 | 2,287.5 | 2,168.5 | 1,972.5 | 1,935.9 |
| Other Non-Current Assets | (3,109.4) | 427.8 | 560.8 | 121.4 | 98.8 | 94.1 | 92.1 | 83.4 | 72.5 |
| Total Non-Current Assets | 72.0 | 3,583.2 | 3,669.9 | 2,991.0 | 2,676.6 | 2,480.5 | 2,357.5 | 2,115.6 | 2,070.3 |
| Total Assets | 4,480.5 | 4,232.2 | 4,204.8 | 3,944.1 | 3,901.9 | 3,599.2 | 3,237.2 | 2,712.7 | 2,573.4 |
| Current Liabilities | |||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 26.6 | 37.2 | 17.7 | 15.6 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.6 | 3,620.9 | 3,626.2 | 3,404.6 | 3,341.2 | 2,974.4 | 2,696.9 | 2,277.5 | 2,154.1 |
| Total Current Liabilities | 1.6 | 3,620.9 | 3,626.2 | 3,464.7 | 3,372.3 | 3,032.1 | 2,763.1 | 2,324.6 | 2,195.8 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 60.5 | 110.4 | 110.2 | 122.4 | 122.2 | 197.0 | 167.9 | 175.4 | 162.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3,926.2 | 62.1 | 61.4 | 0 | 0 | 0 | 0 | 58.2 | 57.1 |
| Total Non-Current Liabilities | 3,986.7 | 172.4 | 171.5 | 122.4 | 122.2 | 197.0 | 167.9 | 233.6 | 219.4 |
| Total Liabilities | 3,986.7 | 3,793.3 | 3,797.7 | 3,587.0 | 3,494.4 | 3,229.1 | 2,931.0 | 2,558.2 | 2,415.2 |
| Stockholders' Equity | |||||||||
| Common Stock | 16.3 | 16.5 | 16.4 | 17.0 | 17.8 | 18.1 | 18.0 | 14.8 | 15.2 |
| Retained Earnings | 434.2 | 385.8 | 345.3 | 292.3 | 242.8 | 189.5 | 146.7 | 119.8 | 120.6 |
| Accumulated Other Comprehensive Income | (47.7) | (60.6) | (51.7) | (65.1) | 13.7 | 21.3 | 1.0 | (2.2) | (0.4) |
| Total Stockholders' Equity | 493.8 | 438.9 | 407.1 | 357.0 | 407.4 | 370.0 | 306.2 | 154.6 | 158.2 |
| Total Liabilities & Equity | 4,480.5 | 4,232.2 | 4,204.8 | 3,944.1 | 3,901.9 | 3,599.2 | 3,237.2 | 2,712.7 | 2,573.4 |
| Debt Metrics | |||||||||
| Total Debt | 60.5 | 110.4 | 110.2 | 122.4 | 122.2 | 223.5 | 205.0 | 193.1 | 177.8 |
| Net Debt | 2.2 | (248.7) | (220.0) | (112.5) | (364.7) | (76.8) | 46.9 | (52.9) | (116.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 58.5 | 49.7 | 62.7 | 58.2 | 58.6 | 45.4 | 29.2 | 29.3 | 23.6 |
| Depreciation & Amortization | 5.8 | 6.5 | 6.4 | 7.0 | 6.4 | 6.6 | 5.2 | 5.2 | 5.3 |
| Stock-Based Compensation | 2.6 | 2.3 | 2.2 | 2.8 | 1.6 | 1.3 | 0.9 | 0 | 0 |
| Change in Working Capital | (7.3) | 2.2 | (5.8) | 15.9 | 3.2 | (1.4) | 4.8 | (4.9) | 3.1 |
| Other Non-Cash Items | 18.9 | (0.3) | (7.0) | 38.4 | 24.9 | (44.6) | (9.6) | (2.6) | 3.3 |
| Operating Cash Flow | 77.5 | 59.4 | 58.5 | 123.6 | 96.3 | 5.6 | 30.5 | 26.9 | 35.3 |
| Investing Activities | |||||||||
| Capital Expenditure | (5.7) | (3.4) | (4.7) | (4.5) | (2.9) | (3.3) | (4.0) | (3.1) | (9.0) |
| Acquisitions | 0 | 0 | 36.1 | 0 | 0 | (0.7) | 78.2 | 0 | 0 |
| Purchases of Investments | 0 | (304.8) | (199.9) | (176.7) | (61.5) | (279.7) | (489.0) | (539.1) | (328.2) |
| Sales/Maturities of Investments | 0 | 337.9 | 292.9 | 81.3 | 120.3 | 209.4 | 191.8 | 481.9 | 364.6 |
| Other Investing Activities | (68.2) | (43.7) | (267.8) | (308.9) | (215.7) | (81.9) | 9.6 | (123.8) | (175.5) |
| Investing Cash Flow | (68.2) | (13.9) | (143.4) | (408.9) | (159.8) | (156.2) | (213.5) | (184.1) | (148.1) |
| Financing Activities | |||||||||
| Net Debt Issuance | (50) | 0 | (12.4) | 0 | (101.5) | 18.5 | 11.6 | 15.3 | (11.4) |
| Stock Repurchased | (8.5) | (1.3) | (17.8) | (22.7) | (9.2) | (0.3) | 0 | 0 | 0 |
| Dividends Paid | (10.1) | (9.2) | (8.7) | (8.0) | (5.4) | (2.5) | (1.1) | (30.0) | (7.9) |
| Other Financing Activities | 252.3 | (6.0) | 219.0 | 64.0 | 366.2 | 277.2 | 33.2 | 123.4 | 63.2 |
| Financing Cash Flow | 184.1 | (16.5) | 180.1 | 33.3 | 250.1 | 292.8 | 95.1 | 108.6 | 43.9 |
| Cash Position | |||||||||
| Net Change in Cash | 193.4 | 28.9 | 95.3 | (251.9) | 186.5 | 142.2 | (87.9) | (48.6) | (68.8) |
| Cash at Beginning | 359.1 | 330.2 | 234.9 | 486.8 | 300.3 | 158.1 | 246.0 | 294.6 | 363.4 |
| Cash at End | 552.4 | 359.1 | 330.2 | 234.9 | 486.8 | 300.3 | 158.1 | 246.0 | 294.6 |
| Free Cash Flow | 71.8 | 56.0 | 53.9 | 119.1 | 93.4 | 2.3 | 26.5 | 23.8 | 26.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 296.9 | 283.1 | 248.5 | 231.9 | 227.5 | 235.6 | 186.2 | 167.5 | 149.5 |
| Gross Profit | 206.7 | 185.0 | 171.6 | 211.9 | 216.2 | 194.1 | 155.1 | 138.1 | 129.6 |
| Operating Income | 74.1 | 63.3 | 79.4 | 73.2 | 73.1 | 56.6 | 36.7 | 25.4 | 23.7 |
| Net Income | 58.5 | 49.7 | 62.7 | 58.2 | 58.6 | 45.4 | 29.2 | 29.3 | 23.6 |
| EPS (Diluted) | 3.44 | 2.92 | 3.62 | 3.23 | 3.17 | 2.51 | 1.62 | 1.68 | 1.35 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 58.3 | 359.1 | 330.2 | 234.9 | 486.8 | 300.3 | 158.1 | 246.0 | 294.6 |
| Total Assets | 4,480.5 | 4,232.2 | 4,204.8 | 3,944.1 | 3,901.9 | 3,599.2 | 3,237.2 | 2,712.7 | 2,573.4 |
| Total Debt | 60.5 | 110.4 | 110.2 | 122.4 | 122.2 | 223.5 | 205.0 | 193.1 | 177.8 |
| Stockholders' Equity | 493.8 | 438.9 | 407.1 | 357.0 | 407.4 | 370.0 | 306.2 | 154.6 | 158.2 |
| Cash Flow | |||||||||
| Operating Cash Flow | 77.5 | 59.4 | 58.5 | 123.6 | 96.3 | 5.6 | 30.5 | 26.9 | 35.3 |
| Capital Expenditure | (5.7) | (3.4) | (4.7) | (4.5) | (2.9) | (3.3) | (4.0) | (3.1) | (9.0) |
| Free Cash Flow | 71.8 | 56.0 | 53.9 | 119.1 | 93.4 | 2.3 | 26.5 | 23.8 | 26.3 |