Financials SouthState Corporation

Equities

SSB

US8404411097

Banks

Market Closed - Nyse 01:30:02 08/05/2024 am IST 5-day change 1st Jan Change
80.65 USD +0.44% Intraday chart for SouthState Corporation +6.54% -4.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,920 5,129 5,593 5,776 6,422 6,144 -
Enterprise Value (EV) 1 2,920 5,129 5,593 5,776 6,422 6,144 6,144
P/E ratio 16.2 x 33 x 11.9 x 11.6 x 13.1 x 12.8 x 11.4 x
Yield 1.93% 2.6% 2.4% 2.59% 2.42% 2.58% 2.62%
Capitalization / Revenue 4.51 x 4.51 x 4.03 x 3.51 x 3.69 x 3.6 x 3.33 x
EV / Revenue 4.51 x 4.51 x 4.03 x 3.51 x 3.69 x 3.6 x 3.33 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.23 x 1.1 x 1.16 x 1.14 x 1.16 x 1.05 x 0.98 x
Nbr of stocks (in thousands) 33,665 70,939 69,813 75,640 76,048 76,183 -
Reference price 2 86.75 72.30 80.11 76.36 84.45 80.65 80.65
Announcement Date 27/01/20 27/01/21 24/01/22 26/01/23 25/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 647.8 1,138 1,387 1,645 1,740 1,706 1,843
EBITDA - - - - - - -
EBIT 1 247.8 464.9 518 746.1 783.7 717.5 797.8
Operating Margin 38.24% 40.87% 37.33% 45.36% 45.06% 42.05% 43.28%
Earnings before Tax (EBT) 1 230.4 104 604.3 633.4 630.9 623.4 703.5
Net income 1 186.5 120.6 475.5 496 494.3 483.2 539.3
Net margin 28.79% 10.6% 34.28% 30.16% 28.42% 28.31% 29.25%
EPS 2 5.360 2.190 6.710 6.600 6.460 6.312 7.048
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.670 1.880 1.920 1.980 2.040 2.080 2.114
Announcement Date 27/01/20 27/01/21 24/01/22 26/01/23 25/01/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 350 347.6 402.6 435.4 459.4 452.6 439 428.2 419.7 415.5 418.5 430.7 441.2 442.1 455.1
EBITDA - - - - - - - - - - - - - - -
EBIT 1 132.6 129.2 176.8 208.6 231.4 221.5 198.1 190.2 173.9 174.6 173 183 188.5 186.2 196.9
Operating Margin 37.89% 37.18% 43.92% 47.91% 50.38% 48.93% 45.14% 44.41% 41.44% 42.02% 41.32% 42.49% 42.73% 42.12% 43.26%
Earnings before Tax (EBT) 1 135.1 127.4 152.1 171.1 182.8 179 157.9 157.3 136.6 153.5 154.1 160.4 166 164.4 172.6
Net income 1 106.8 100.3 119.2 133 143.5 139.9 123.4 124.1 106.8 115.1 118 122.8 127.2 126 132.3
Net margin 30.53% 28.87% 29.6% 30.56% 31.24% 30.91% 28.12% 28.99% 25.44% 27.69% 28.19% 28.51% 28.82% 28.51% 29.07%
EPS 2 1.520 1.390 1.570 1.750 1.880 1.830 1.620 1.620 1.390 1.500 1.531 1.597 1.657 1.648 1.729
Dividend per Share 2 0.4900 0.4900 0.5000 0.5000 0.5000 0.5000 0.5000 0.5200 0.5200 - 0.5175 0.5214 0.5229 0.5257 0.5257
Announcement Date 24/01/22 28/04/22 28/07/22 24/10/22 26/01/23 27/04/23 27/07/23 26/10/23 25/01/24 25/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 7.89% 3.35% 11.3% 10.6% 9.94% 8.66% 9.02%
ROA (Net income/ Total Assets) 1.27% 0.98% 1.34% 1.2% 1.17% 1.07% 1.14%
Assets 1 14,684 12,309 35,488 41,337 42,249 45,262 47,303
Book Value Per Share 2 70.30 65.50 69.30 67.00 72.80 76.60 82.10
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 27/01/20 27/01/21 24/01/22 26/01/23 25/01/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
80.65 USD
Average target price
90.42 USD
Spread / Average Target
+12.11%
Consensus
  1. Stock Market
  2. Equities
  3. SSB Stock
  4. Financials SouthState Corporation
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