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Market Price

28.12 

-1.07 -3.7%

as of Oct 26 '20

52 Week Range:

20.79 38.31


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects. The company's lending activities also include consumer installment loans to finance personal expenditures, personal lines of credit, overdraft protection, and automobile loans; and residential real estate loans, fixed home equity loans, and home equity lines of credit for consumers to finance home improvements, debt consolidation, education, and other uses. In addition, it maintains an indirect lending program; and sells residential real estate loan originations into the secondary market. Further, the company provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration services for corporations. Additionally, it offers insurance agency services comprising group health care policies and life insurance, and property and casualty insurance products; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, Rensselaer, Albany, and Schenectady counties, as well as surrounding areas. It owns twenty-seven branch banking offices; and leases thirteen branch banking offices, as well as two residential loan origination offices. The company was founded in 1851 and is headquartered in Glens Falls, New York.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Equity (BVPS) 9.98
10.34
11.31
11.78
12.16
13.33
14.02
15.08
16.06
17.24
18.92
growth rate 3.6% 9.4% 4.2% 3.2% 9.6% 5.2% 7.6% 6.5% 7.4% 9.7%
Earnings BIT 31.58
31.65
31.65
31.84
30.87
34.62
36.97
39.78
42.75
growth rate 0.2% 0.0% 0.6% -3.1% 12.1% 6.8% 7.6% 7.5%
Avg.PE 12.56
14.20
12.55
13.51
15.02
14.70
13.98
18.15
16.38
13.03
14.77
growth rate 13.1% -11.6% 7.7% 11.2% -2.1% -4.9% 29.8% -9.8% -20.5% 13.4%
ROA 1.24
1.17
1.13
1.11
1.04
1.07
1.06
1.05
1.09
1.26
1.21
growth rate -5.7% -3.4% -1.8% -6.3% 2.9% -0.9% -0.9% 3.8% 15.6% -4.0%
ROE 16.35
14.94
13.77
12.96
11.85
11.89
11.89
11.88
12.16
13.98
13.12
growth rate -8.6% -7.8% -5.9% -8.6% 0.3% 0.0% -0.1% 2.4% 15.0% -6.2%
ROIC 13.16
12.62
12.19
12.35
8.71
9.31
growth rate -4.1% -3.4% 1.3% -29.5% 6.9%
Leverage 13.08
12.53
11.79
11.50
11.26
11.03
11.43
11.19
11.06
11.09
10.55
growth rate -4.2% -5.9% -2.5% -2.1% -2.0% 3.6% -2.1% -1.2% 0.3% -4.9%
Balance Sheet Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Acct.Receivable 6.08
growth rate
Acct.Payable 1.15
1,902.95
2,030.42
2,116.55
2,245.12
2,345.58
2,616.05
growth rate 1,083.8% 6.7% 4.2% 6.1% 4.5% 11.5%
Cur.Assets 46.69
53.09
59.04
74.69
85.50
71.55
growth rate 13.7% 11.2% 26.5% 14.5% -16.3%
Total Assets 1,841.60
1,908.30
1,962.68
2,022.80
2,163.70
2,217.42
2,446.19
2,605.24
2,760.47
2,988.33
3,184.28
growth rate 3.6% 2.9% 3.1% 7.0% 2.5% 10.3% 6.5% 6.0% 8.3% 6.6%
Cash 67.10
31.10
757.68
773.13
813.13
26.31
27.62
28.75
42.07
43.56
34.24
growth rate -53.7% 2,336.3% 2.0% 5.2% -96.8% 5.0% 4.1% 46.4% 3.6% -21.4%
Inventory 0.39
2.02
1.69
1.85
1.26
1.26
growth rate 413.5% -16.5% 9.6% -31.8% 0.1%
Cur.Liabilities 1,973.37
2,135.60
2,275.38
2,425.08
2,654.24
2,823.24
growth rate 8.2% 6.6% 6.6% 9.5% 6.4%
Liabilities 1,700.80
1,756.10
1,796.30
1,846.97
1,971.54
2,016.49
2,232.22
2,372.39
2,510.86
2,718.75
2,882.55
growth rate 3.3% 2.3% 2.8% 6.7% 2.3% 10.7% 6.3% 5.8% 8.3% 6.0%
LT Debt 2,009.00
2,010.00
2,011.00
2,012.00
2,013.00
20.00
75.00
75.00
65.00
45.00
25.00
growth rate 0.1% 0.1% 0.1% 0.1% -99.0% 275.0% 0.0% -13.3% -30.8% -44.4%
Equity 140.80
152.30
166.39
175.83
192.15
200.93
213.97
232.85
249.60
269.58
301.73
growth rate 8.2% 9.3% 5.7% 9.3% 4.6% 6.5% 8.8% 7.2% 8.0% 11.9%
Common Shares 14.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
15.00
growth rate 7.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Cash Flow Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Capital Expenditures 1.20
0.50
5.37
8.07
2.23
1.47
1.62
1.44
2.60
5.10
7.79
growth rate -58.3% 974.4% 50.3% -72.3% -34.3% 10.4% -11.1% 80.6% 96.1% 52.6%
Cash Dividends 10.60
11.00
11.45
11.82
12.11
12.41
12.70
13.09
13.60
14.39
15.21
growth rate 3.8% 4.1% 3.2% 2.5% 2.5% 2.4% 3.1% 3.9% 5.8% 5.7%
Cash From OA 19.00
10.20
36.09
32.46
36.67
30.64
28.93
34.70
37.83
41.98
43.94
growth rate -46.3% 253.8% -10.1% 13.0% -16.5% -5.6% 19.9% 9.0% 11.0% 4.7%
FCF per Share 1.16
0.60
1.56
1.65
1.88
2.06
1.82
2.16
2.24
2.70
2.06
growth rate -48.3% 160.0% 5.8% 13.9% 9.6% -11.7% 18.7% 3.7% 20.5% -23.7%
Sale Purchase of Stock -2.36
-0.47
1.30
1.94
2.30
4.64
3.37
growth rate 0.0% 100.0% 49.2% 18.3% 101.9% -27.4%
FCF 16.00
9.00
31.00
24.00
34.00
29.00
27.00
33.00
35.00
37.00
36.00
growth rate -43.8% 244.4% -22.6% 41.7% -14.7% -6.9% 22.2% 6.1% 5.7% -2.7%
Income Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Sales 80.00
80.40
102.72
96.48
92.20
87.56
92.70
97.36
102.56
110.36
114.53
growth rate 0.5% 27.8% -6.1% -4.4% -5.0% 5.9% 5.0% 5.3% 7.6% 3.8%
Op.Income 31.60
31.60
21.93
22.18
21.80
34.65
36.46
38.83
40.75
46.19
47.23
growth rate 0.0% -30.6% 1.1% -1.7% 59.0% 5.2% 6.5% 5.0% 13.4% 2.3%
IBT 31.58
31.65
31.65
31.84
30.87
33.53
35.27
37.75
39.86
45.31
47.08
growth rate 0.2% 0.0% 0.6% -3.0% 8.6% 5.2% 7.0% 5.6% 13.7% 3.9%
Net Income 21.80
21.90
21.93
22.18
21.80
23.36
24.66
26.53
29.33
36.28
37.48
growth rate 0.5% 0.2% 1.1% -1.7% 7.2% 5.6% 7.6% 10.5% 23.7% 3.3%
EPS 1.54
1.50
1.48
1.50
1.47
1.56
1.65
1.75
1.92
2.36
2.43
growth rate -2.6% -1.3% 1.4% -2.0% 6.1% 5.8% 6.1% 9.7% 22.9% 3.0%
Gross Profit 87.56
92.70
97.36
102.56
110.36
114.53
growth rate 5.9% 5.0% 5.3% 7.6% 3.8%

Quarterly Statements

Item Name Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Earnings BIT
growth rate
Balance Sheet Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Acct.Receivable
growth rate
Acct.Payable 2,503.75
2,614.55
2,616.05
2,811.01
3,068.77
growth rate 4.4% 0.1% 7.5% 9.2%
Cur.Assets 64.07
94.07
71.55
144.66
260.37
growth rate 46.8% -23.9% 102.2% 80.0%
Total Assets 3,005.75
3,112.82
3,184.28
3,291.33
3,547.18
growth rate 3.6% 2.3% 3.4% 7.8%
Cash 62.70
92.30
34.24
138.53
253.27
growth rate 47.2% -62.9% 304.6% 82.8%
Inventory 1.37
1.27
1.26
0.94
0.71
growth rate -7.2% -1.0% -25.3% -24.5%
Cur.Liabilities 2,637.90
2,736.93
2,823.24
2,875.12
3,123.81
growth rate 3.8% 3.2% 1.8% 8.7%
Liabilities 2,721.10
2,820.59
2,882.55
2,981.93
3,229.49
growth rate 3.7% 2.2% 3.5% 8.3%
LT Debt 50.00
50.00
25.00
70.00
70.00
growth rate 0.0% -50.0% 180.0% 0.0%
Equity 284.65
292.23
301.73
309.40
317.69
growth rate 2.7% 3.3% 2.5% 2.7%
Common Shares 19.04
19.61
19.61
19.61
19.61
growth rate 3.0% 0.0% 0.0% 0.0%
Cash Flow Statement Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Capital Expenditures 2.29
2.31
1.09
1.07
0.97
growth rate 0.8% -52.9% -1.4% -9.7%
Cash Dividends 3.77
3.78
3.90
3.90
3.90
growth rate 0.4% 3.1% 0.2% -0.2%
Cash From OA 10.36
11.63
11.22
13.13
2.73
growth rate 12.3% -3.6% 17.0% -79.2%
Sale Purchase of Stock
growth rate
FCF 8.07
9.32
10.13
12.05
1.76
growth rate 15.5% 8.7% 19.0% -85.4%
Income Statement Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Sales 28.15
29.48
29.37
27.93
28.97
growth rate 4.7% -0.4% -4.9% 3.7%
Op.Income 11.45
12.21
12.48
10.39
11.96
growth rate 6.6% 2.2% -16.7% 15.1%
IBT 11.24
12.69
12.27
10.17
11.72
growth rate 12.9% -3.3% -17.1% 15.2%
Net Income 8.93
10.07
9.74
8.13
9.16
growth rate 12.7% -3.3% -16.6% 12.7%
EPS
growth rate
Gross Profit 28.15
29.48
29.37
27.93
28.97
growth rate 4.7% -0.4% -4.9% 3.7%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

C (60.04)

YOY Growth Grade:

D (43.49)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 11.12 11.38 11.59
EPS / Growth 10.1% 2.47 6.9%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 8.8%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 6.9% 8.6% 8.6%
Future PE 11.12 13.30 13.30
Future EPS 4.81 5.64 5.64
Value Price
MOS %
13.23
-52.9%
18.53
-34.1%
18.53
-34.1%
MOS Price 6.62 9.27 9.27
IRT 8.25 7.78 7.78

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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