First Asset Turnover vs Payout Ratio Analysis

FNLC Stock  USD 24.64  0.75  3.14%   
First Bancorp financial indicator trend analysis is much more than just examining First Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Bancorp is a good investment. Please check the relationship between First Bancorp Asset Turnover and its Payout Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade First Stock refer to our How to Trade First Stock guide.

Asset Turnover vs Payout Ratio

Asset Turnover vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Bancorp Asset Turnover account and Payout Ratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between First Bancorp's Asset Turnover and Payout Ratio is 0.7. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of First Bancorp, assuming nothing else is changed. The correlation between historical values of First Bancorp's Asset Turnover and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of First Bancorp are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Asset Turnover i.e., First Bancorp's Asset Turnover and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Payout Ratio

Payout Ratio is the proportion of First Bancorp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of First Bancorp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating First Bancorp is paying out more in dividends than it makes in net income.
Most indicators from First Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade First Stock refer to our How to Trade First Stock guide.At present, First Bancorp's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting.
 2021 2023 2024 (projected)
Interest Expense10.8M63.0M66.1M
Depreciation And Amortization69K26K24.7K

First Bancorp fundamental ratios Correlations

-0.330.760.71-0.441.00.510.740.510.430.060.96-0.630.670.540.670.720.91-0.34-0.630.79-0.230.720.980.22-0.27
-0.330.090.220.97-0.4-0.11-0.53-0.320.020.47-0.45-0.470.43-0.450.31-0.17-0.490.82-0.47-0.70.790.12-0.50.320.03
0.760.090.94-0.060.740.620.260.060.270.480.62-0.770.820.330.940.420.60.04-0.760.370.010.890.660.27-0.5
0.710.220.940.080.680.570.240.070.380.490.56-0.820.870.340.930.390.620.13-0.820.360.050.870.590.49-0.42
-0.440.97-0.060.08-0.5-0.33-0.54-0.28-0.020.36-0.54-0.380.33-0.430.19-0.16-0.580.84-0.38-0.730.76-0.04-0.590.30.23
1.0-0.40.740.68-0.50.490.750.50.440.030.96-0.570.620.590.630.710.93-0.4-0.570.84-0.270.690.990.18-0.27
0.51-0.110.620.57-0.330.490.12-0.160.110.430.43-0.250.310.010.45-0.040.45-0.27-0.250.25-0.050.70.470.01-0.88
0.74-0.530.260.24-0.540.750.120.890.41-0.530.84-0.260.270.30.170.690.74-0.52-0.260.81-0.390.310.810.160.25
0.51-0.320.060.07-0.280.5-0.160.890.37-0.630.6-0.240.230.080.090.610.5-0.2-0.230.59-0.280.060.570.240.55
0.430.020.270.38-0.020.440.110.410.37-0.030.41-0.310.370.280.370.340.48-0.21-0.310.440.190.360.410.22-0.02
0.060.470.480.490.360.030.43-0.53-0.63-0.03-0.14-0.380.44-0.070.54-0.17-0.110.45-0.39-0.380.390.37-0.08-0.02-0.6
0.96-0.450.620.56-0.540.960.430.840.60.41-0.14-0.480.520.560.50.80.88-0.5-0.480.84-0.280.660.980.1-0.17
-0.63-0.47-0.77-0.82-0.38-0.57-0.25-0.26-0.24-0.31-0.38-0.48-0.99-0.14-0.86-0.49-0.45-0.41.0-0.18-0.29-0.66-0.48-0.540.1
0.670.430.820.870.330.620.310.270.230.370.440.52-0.990.170.910.510.490.37-0.990.210.270.710.520.5-0.15
0.54-0.450.330.34-0.430.590.010.30.080.28-0.070.56-0.140.170.250.550.63-0.41-0.140.68-0.330.310.570.08-0.1
0.670.310.940.930.190.630.450.170.090.370.540.5-0.860.910.250.440.470.28-0.860.220.210.80.530.33-0.34
0.72-0.170.420.39-0.160.71-0.040.690.610.34-0.170.8-0.490.510.550.440.52-0.2-0.490.530.040.50.710.00.21
0.91-0.490.60.62-0.580.930.450.740.50.48-0.110.88-0.450.490.630.470.52-0.48-0.450.94-0.470.550.930.38-0.22
-0.340.820.040.130.84-0.4-0.27-0.52-0.2-0.210.45-0.5-0.40.37-0.410.28-0.2-0.48-0.41-0.660.47-0.13-0.480.360.24
-0.63-0.47-0.76-0.82-0.38-0.57-0.25-0.26-0.23-0.31-0.39-0.481.0-0.99-0.14-0.86-0.49-0.45-0.41-0.18-0.29-0.66-0.48-0.540.1
0.79-0.70.370.36-0.730.840.250.810.590.44-0.380.84-0.180.210.680.220.530.94-0.66-0.18-0.60.340.870.23-0.04
-0.230.790.010.050.76-0.27-0.05-0.39-0.280.190.39-0.28-0.290.27-0.330.210.04-0.470.47-0.29-0.60.17-0.37-0.19-0.09
0.720.120.890.87-0.040.690.70.310.060.360.370.66-0.660.710.310.80.50.55-0.13-0.660.340.170.630.19-0.56
0.98-0.50.660.59-0.590.990.470.810.570.41-0.080.98-0.480.520.570.530.710.93-0.48-0.480.87-0.370.630.14-0.22
0.220.320.270.490.30.180.010.160.240.22-0.020.1-0.540.50.080.330.00.380.36-0.540.23-0.190.190.140.18
-0.270.03-0.5-0.420.23-0.27-0.880.250.55-0.02-0.6-0.170.1-0.15-0.1-0.340.21-0.220.240.1-0.04-0.09-0.56-0.220.18
Click cells to compare fundamentals

First Bancorp Account Relationship Matchups

First Bancorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.4B2.5B2.7B2.9B3.1B
Short Long Term Debt Total185.0M262.0M136.3M103.5M70.3M66.8M
Total Stockholder Equity212.5M223.7M245.7M228.9M243.1M135.0M
Property Plant And Equipment Net21.3M27.3M28.9M28.3M28.7M18.2M
Net Debt159.2M179.7M49.0M77.1M34.9M33.1M
Retained Earnings144.8M158.4M180.4M204.3M211.9M222.5M
Cash25.7M82.4M87.3M26.4M35.4M23.8M
Non Current Assets Total693.2M736.9M750.2M737.3M2.9B3.0B
Non Currrent Assets Other(3.7M)(6.7M)(5.6M)(17.8M)2.8B3.0B
Other Assets982.1M1.2B1.4B1.7B1.9B2.0B
Cash And Short Term Investments386.3M395.7M407.9M310.9M(31.9M)(30.3M)
Net Receivables7.2M9.3M7.5M9.8M11.9M12.5M
Common Stock Shares Outstanding10.9M10.9M11.0M11.0M11.1M10.5M
Liabilities And Stockholders Equity2.1B2.4B2.5B2.7B2.9B3.1B
Non Current Liabilities Total185.0M262.0M136.3M2.5B714.7M750.4M
Other Stockholder Equity64.0M65.3M66.8M68.4M70.1M41.4M
Total Liab1.9B2.1B136.3M2.5B2.7B2.8B
Property Plant And Equipment Gross21.3M27.3M50.4M50.8M51.6M54.2M
Total Current Assets393.4M405.0M415.4M320.8M47.3M45.0M
Accumulated Other Comprehensive Income3.6M(28K)(1.7M)(44.0M)(39.0M)(37.1M)
Total Current Liabilities174.9M206.9M1.3B1.8B2.0B2.1B
Short Term Debt174.9M206.9M81.3M103.5M69.7M112.7M
Other Liab19.2M30.9M21.8M22.2M25.6M14.7M
Accounts Payable1.7B1.8B2.1B2.4B2.7B2.9B
Long Term Debt10.1M55.1M136.3M103.5M119.0M98.4M
Inventory(33.2M)(92.6M)(94.9M)(36.3M)18.9M19.8M
Property Plant Equipment21.3M27.3M28.9M28.3M32.5M20.3M
Short Term Investments360.5M313.4M320.6M284.5M282.1M234.2M
Other Current Assets33.2M92.6M94.9M36.3M47.3M45.0M
Intangible Assets1.5M2.0M2.7M2.5M2.2M2.1M
Other Current Liab(174.9M)(206.9M)1.2B1.7B1.9B1.1B
Net Tangible Assets182.7M193.1M215.0M198.3M228.0M165.3M
Retained Earnings Total Equity144.8M158.4M180.4M204.3M235.0M136.3M
Long Term Debt Total10.1M55.1M55.1M84K75.6K71.8K
Capital Surpluse64.0M65.3M66.8M68.4M78.7M64.7M
Long Term Investments1.9B684.8M690.6M678.4M667.3M888.3M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Bancorp's short interest history, or implied volatility extrapolated from First Bancorp options trading.

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When determining whether First Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Bancorp'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 First Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade First Stock refer to our How to Trade First Stock guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running First Bancorp's price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is First Bancorp'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 First Bancorp. If investors know First 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 First Bancorp 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
(0.28)
Dividend Share
1.39
Earnings Share
2.66
Revenue Per Share
7.225
Quarterly Revenue Growth
(0.16)
The market value of First Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp'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 First Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp'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 First Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp'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.