Broadway Financial Financials

BYFC Stock  USD 5.51  0.48  8.01%   
Based on the analysis of Broadway Financial's profitability, liquidity, and operating efficiency, Broadway Financial may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At present, Broadway Financial's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Property Plant And Equipment Net is expected to grow to about 9.7 M, whereas Retained Earnings are forecasted to decline to about 4.5 M. Key indicators impacting Broadway Financial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.90.97
Way Up
Slightly volatile
Current Ratio0.390.41
Notably Down
Slightly volatile
The financial analysis of Broadway Financial is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Broadway Financial includes many different criteria found on its balance sheet. For example, investors should never minimize Broadway Financial's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Broadway Financial's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Broadway Financial.

Net Income

6.81 Million

With this module, you can analyze Broadway financials for your investing period. You should be able to track the changes in Broadway Financial individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Broadway Financial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Broadway Financial's financial statements are interrelated, with each one affecting the others. For example, an increase in Broadway Financial's assets may result in an increase in income on the income statement.
Evaluating Broadway Financial's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Broadway Financial's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Broadway Financial's relative financial performance

Chance Of Distress

Less than 11

 
100  
 
Zero
Low
Broadway Financial has less than 11 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Broadway Financial stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Broadway Financial's odds of distress score SHOULD NOT be confused with the real chance of Broadway Financial filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Broadway is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Broadway Financial's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Broadway Financial's official financial statements usually reflect Broadway Financial's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Broadway Financial. For example, before you start analyzing numbers published by Broadway accountants, it's critical to develop an understanding of what Broadway Financial's liquidity, profitability, and earnings quality are in the context of the Thrifts & Mortgage Finance space in which it operates.
Please note, the presentation of Broadway Financial's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Broadway Financial's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Broadway Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Broadway Financial. Please utilize our Beneish M Score to check the likelihood of Broadway Financial's management manipulating its earnings.

Broadway Financial Company Summary

Broadway Financial competes with Middlefield Banc, Merchants Bancorp, Mercantile Bank, Macatawa Bank, and Byline Bancorp. Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. Broadway Financial Corporation was founded in 1946 and is headquartered in Los Angeles, California. Broadway Fin operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 78 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS1114441058
CUSIP111444105 111444709
LocationCalifornia; U.S.A
Business Address4601 Wilshire Boulevard,
SectorThrifts & Mortgage Finance
IndustryFinancials
BenchmarkNYSE Composite
Websitewww.cityfirstbank.com
Phone323 634 1700
CurrencyUSD - US Dollar
You should never invest in Broadway Financial without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Broadway Stock, because this is throwing your money away. Analyzing the key information contained in Broadway Financial's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Broadway Financial Key Financial Ratios

Generally speaking, Broadway Financial's financial ratios allow both analysts and investors to convert raw data from Broadway Financial's financial statements into concise, actionable information that can be used to evaluate the performance of Broadway Financial over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Broadway Financial reports annually and quarterly.

Broadway Financial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets440.4M483.4M1.1B1.2B1.4B1.4B
Net Debt72.8M17.7M(131.6M)126.2M145.2M152.4M
Retained Earnings8.4M7.8M3.7M9.3M8.4M4.5M
Cash15.6M96.1M231.5M16.1M18.5M22.8M
Other Assets398.6M362.1M506.5M468.2M538.5M321.6M
Net Receivables1.2M1.2M3.4M4.0M4.6M4.8M
Total Liab88.3M113.8M100.0M904.8M1.0B1.1B
Total Current Assets27.8M108.0M391.3M348.8M401.2M421.2M
Other Current Liab228.9M236.0M515.4M608.1M699.3M734.2M
Short Term Debt34.1M27.7M70.3M159.2M183.1M192.2M
Other Liab1.0M787K12.9M12.1M13.9M14.6M
Accounts Payable4.4M315.6M788.1M11.9M10.7M10.2M
Long Term Debt4.3M113.8M14M142.3M163.7M171.9M
Inventory(16.8M)(97.3M)(234.9M)308.7M277.8M291.7M
Common Stock305K306K744K761K875.2K918.9K
Other Current Assets16.8M97.3M234.9M20.1M18.1M17.2M
Net Tangible Assets48.8M48.9M141M101.1M116.3M60.5M

Broadway Financial Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Broadway Financial's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense6.4M5.5M3.7M3.4M3.1M4.6M
Total Revenue11.4M13.1M24.2M34.1M39.2M41.1M
Gross Profit11.4M13.1M24.2M34.1M39.2M41.1M
Operating Income(551K)(1.0M)(5.0M)10.6M9.6M4.8M
Ebit(551K)(1.0M)(5.0M)10.6M9.6M4.8M
Ebitda(324K)(928K)(4.3M)11.5M10.3M10.8M
Income Before Tax(551K)(1.0M)(4.9M)8.1M9.3M9.8M
Net Income(206K)(642K)(3.9M)5.6M6.5M6.8M
Income Tax Expense(345K)(407K)(937K)2.4M2.2M2.3M
Tax Provision(345K)(407K)(937K)2.4M2.8M2.9M
Net Interest Income10.5M12.2M21.0M32.9M37.8M39.7M
Interest Income16.8M17.6M24.8M36.3M41.7M21.7M

Broadway Financial Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Broadway Financial. It measures of how well Broadway is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Broadway Financial brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Broadway had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Broadway Financial has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash(1.1M)80.5M135.4M(215.4M)(193.9M)(184.2M)
Free Cash Flow8.5M(14.0M)(572K)6.0M6.9M7.2M
Depreciation227K121K680K811K932.7K979.3K
Other Non Cash Items8.0M(13.4M)561K(1.4M)(1.3M)(1.2M)
Capital Expenditures41K415K1.1M323K290.7K383.9K
Net Income(206K)(642K)(3.9M)5.7M6.6M6.9M
End Period Cash Flow15.6M96.1M231.5M16.1M18.5M33.0M
Investments(39.9M)537K(58.6M)(323.6M)(291.3M)(276.7M)
Change Receivables(80K)21K(533K)(601K)(540.9K)(513.9K)
Net Borrowings13.2M25.5M(39.0M)53.9M62.0M65.0M
Change To Netincome(15.3M)(13.1M)(246K)2.7M2.5M2.6M

Broadway Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Broadway Financial's current stock value. Our valuation model uses many indicators to compare Broadway Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Broadway Financial competition to find correlations between indicators driving Broadway Financial's intrinsic value. More Info.
Broadway Financial is rated below average in gross profit category among related companies. It is rated below average in price to sales category among related companies . The ratio of Gross Profit to Price To Sales for Broadway Financial is about  19,128,045 . At present, Broadway Financial's Gross Profit is projected to increase significantly based on the last few years of reporting.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Broadway Financial by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Broadway Financial's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Broadway Financial's earnings, one of the primary drivers of an investment's value.

Broadway Financial Systematic Risk

Broadway Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Broadway Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Broadway Financial correlated with the market. If Beta is less than 0 Broadway Financial generally moves in the opposite direction as compared to the market. If Broadway Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Broadway Financial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Broadway Financial is generally in the same direction as the market. If Beta > 1 Broadway Financial moves generally in the same direction as, but more than the movement of the benchmark.

About Broadway Financial Financials

What exactly are Broadway Financial Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Broadway Financial's income statement, its balance sheet, and the statement of cash flows. Potential Broadway Financial investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Broadway Financial investors may use each financial statement separately, they are all related. The changes in Broadway Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Broadway Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Broadway Financial Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Broadway Financial is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Broadway has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Broadway Financial's financials are consistent with your investment objective using the following steps:
  • Review Broadway Financial's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Broadway Financial's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Broadway Financial's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Broadway Financial's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Broadway Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Broadway Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Broadway Financial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0877)

At present, Broadway Financial's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Broadway Financial March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Broadway Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Broadway Financial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Broadway Financial based on widely used predictive technical indicators. In general, we focus on analyzing Broadway Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Broadway Financial's daily price indicators and compare them against related drivers.
When determining whether Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.
Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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Is Broadway Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Broadway Financial. If investors know Broadway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Broadway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.87)
Earnings Share
0.56
Revenue Per Share
3.606
Quarterly Revenue Growth
(0.24)
Return On Assets
0.0038
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.