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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 10.6x - 11.8x | 11.2x |
Selected Fwd P/E Multiple | 6.8x - 7.5x | 7.2x |
Fair Value | $26.14 - $28.89 | $27.52 |
Upside | -5.0% - 5.0% | 0.0% |
Benchmarks | - | Full Ticker |
John Marshall Bancorp, Inc. | - | NasdaqCM:JMSB |
MVB Financial Corp. | - | NasdaqCM:MVBF |
Colony Bankcorp, Inc. | - | NYSE:CBAN |
Shore Bancshares, Inc. | - | NasdaqGS:SHBI |
Burke & Herbert Financial Services Corp. | - | NasdaqCM:BHRB |
MetroCity Bankshares, Inc. | - | NasdaqGS:MCBS |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
JMSB | MVBF | CBAN | SHBI | BHRB | MCBS | |||
NasdaqCM:JMSB | NasdaqCM:MVBF | NYSE:CBAN | NasdaqGS:SHBI | NasdaqCM:BHRB | NasdaqGS:MCBS | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 1.5% | -5.1% | 18.5% | 21.9% | 15.6% | 7.6% | ||
3Y CAGR | -12.3% | -19.3% | 8.6% | 41.9% | -1.1% | 1.5% | ||
Latest Twelve Months | 664.5% | -16.0% | 24.5% | 166.4% | 3803.1% | 21.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 32.7% | 20.6% | 18.9% | 20.8% | 25.4% | 44.4% | ||
Prior Fiscal Year | 13.3% | 15.4% | 19.7% | 8.7% | 20.8% | 43.1% | ||
Latest Fiscal Year | 31.8% | 13.5% | 21.2% | 22.3% | 15.0% | 45.8% | ||
Latest Twelve Months | 33.2% | 13.1% | 23.3% | 25.8% | 31.4% | 45.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
Price / LTM Sales | 4.7x | 2.1x | 2.4x | 2.5x | 2.6x | 4.8x | ||
LTM P/E Ratio | 14.1x | 17.4x | 10.2x | 9.6x | 8.3x | 10.6x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 8.3x | 10.2x | 17.4x | |||||
Historical LTM P/E Ratio | 7.8x | 12.0x | 13.6x | |||||
Selected P/E Multiple | 10.6x | 11.2x | 11.8x | |||||
(x) LTM Net Income | 66 | 66 | 66 | |||||
(=) Equity Value | 702 | 739 | 776 | |||||
(/) Shares Outstanding | 25.5 | 25.5 | 25.5 | |||||
Implied Value Range | 27.50 | 28.95 | 30.40 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 27.50 | 28.95 | 30.40 | 27.53 | ||||
Upside / (Downside) | -0.1% | 5.1% | 10.4% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | JMSB | MVBF | CBAN | SHBI | BHRB | MCBS | |
Value of Common Equity | 266 | 297 | 280 | 516 | 859 | 703 | |
(/) Shares Outstanding | 14.2 | 12.7 | 17.5 | 33.4 | 15.0 | 25.5 | |
Implied Stock Price | 18.76 | 23.35 | 16.05 | 15.45 | 57.24 | 27.53 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 18.76 | 23.35 | 16.05 | 15.45 | 57.24 | 27.53 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |