First Capital (FCAP) AI Stock Analysis

• Market Cap: $120.75M
• Dividend Yield: 2.98%
• Average Volume (3M): 5.50K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.25
• Revenue Growth: 12.43%
• EPS Growth: 9.45%
• Country: US
• Employees: 173
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 1.13
• Shares Outstanding: 3,355,118
• 10 Day Avg. Volume: 5,032
• 30 Day Avg. Volume: 5,502
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 7.13
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ―

First Capital's overall stock score reflects its strong financial foundation and consistent revenue growth, which are slightly offset by profitability and cash flow challenges. Technical analysis shows strong upward momentum but raises caution for potential overbought conditions. The valuation appears reasonable, offering a decent dividend yield, making the stock moderately attractive.

First Capital Business Overview & Revenue Model

Company Description

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans. It also provides real estate mortgage loans, such as fixed-rate and adjustable rate mortgage residential loans, construction loans for residential and commercial properties, and commercial real estate loans, as well as commercial business loans. In addition, the company originates mortgage loans for sale in the secondary market and sells non-deposit investment products; and offers various secured or guaranteed consumer loans comprising automobile and truck loans, home equity loans, home improvement loans, boat loans, mobile home loans, and loans secured by savings deposits, as well as unsecured consumer loans. It provides its products and services through 18 locations in Indiana and Kentucky. First Capital, Inc. was founded in 1891 and is based in Corydon, Indiana.

How the Company Makes Money

First Capital makes money through various revenue streams, primarily interest earned on loans and mortgages issued to customers. The company also generates income from service fees associated with banking transactions, wealth management services, and other financial advisory services. Additionally, First Capital may engage in investment activities, earning returns on its portfolio of securities and other financial instruments. Significant partnerships with other financial institutions and businesses could also contribute to its earnings by expanding its customer base and service offerings.

First Capital Financial Statement Overview

Summary

First Capital demonstrates a robust financial position with consistent revenue growth and a strong balance sheet. However, the decline in net profit margin and return on equity, coupled with a lack of cash flow generation in the latest period, poses concerns. The company should focus on improving profitability and cash flow management to maintain financial stability.

Income Statement

First Capital has shown consistent revenue growth over the years with a steady increase in total revenue from 2019 to 2024. The gross profit margin remains strong at 100% due to the nature of the banking industry. However, net profit margin slightly decreased from 30.6% in 2023 to 28.4% in 2024, indicating a slight dip in profitability. The absence of EBIT and EBITDA in the latest period limits the analysis of operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with no total debt in 2024, contributing to a favorable debt-to-equity ratio of 0. The equity ratio improved to 9.7% in 2024, reflecting good financial health. However, the return on equity decreased from 12.1% in 2023 to 10.4% in 2024, indicating a slight decline in profitability from shareholders' equity.

Cash Flow

The cash flow statement shows challenges, as the company reported no operating cash flow or free cash flow in 2024, indicating potential issues in cash generation. Previously, free cash flow was positive, highlighting a stark shift in cash flow management. The lack of cash flow data in the latest period constrains a comprehensive analysis.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.13M	51.24M	41.87M	39.01M	38.23M
Gross Profit	42.00M	41.08M	39.32M	37.86M	34.87M
EBITDA	15.27M	16.08M	15.30M	14.82M	13.04M
Net Income	11.94M	12.79M	11.90M	11.42M	10.13M
Balance Sheet
Total Assets	1.19B	1.16B	1.15B	1.16B	1.02B
Cash, Cash Equivalents and Short-Term Investments	91.68M	464.37M	493.55M	479.61M	325.05M
Total Debt	0.00	21.50M	0.00	0.00	0.00
Total Liabilities	1.07B	1.05B	1.07B	1.04B	906.80M
Stockholders Equity	114.60M	105.23M	85.16M	113.83M	110.64M
Cash Flow
Free Cash Flow	21.63M	13.54M	16.12M	21.34M	11.46M
Operating Cash Flow	22.34M	14.16M	16.53M	21.63M	12.06M
Investing Cash Flow	29.01M	-23.95M	-144.03M	-156.46M	-62.41M
Financing Cash Flow	15.90M	-17.84M	21.29M	131.45M	174.88M

First Capital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 38.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCAP, the sentiment is Negative. The current price of 38.98 is above the 20-day moving average (MA) of 36.64, below the 50-day MA of 39.94, and above the 200-day MA of 37.87, indicating a bearish trend. The MACD of -0.97 indicates Negative momentum. The RSI at 39.45 is Neutral, neither overbought nor oversold. The STOCH value of 52.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FCAP.

First Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBFO	76 Outperform	$155.54M	13.73	8.54%	5.16%	-1.42%	-37.11%
OVBC	72 Outperform	$168.42M	12.16	9.04%	2.48%	14.16%	24.72%
CBFV	72 Outperform	$158.84M	14.83	7.97%	3.08%	20.82%	-48.08%
SFBC	69 Neutral	$121.25M	19.45	6.07%	1.56%	7.86%	59.25%
Sector *	68 Neutral	$17.56B	11.61	10.34%	3.76%	9.69%	0.41%
FCAP	68 Neutral	$120.75M	9.15	11.40%	2.98%	12.43%	9.45%
HNVR	66 Neutral	$154.12M	14.10	5.69%	1.80%	8.34%	-2.33%