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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 9.7x - 10.7x | 10.2x |
Selected Fwd P/E Multiple | 8.4x - 9.3x | 8.9x |
Fair Value | $13.39 - $14.80 | $14.09 |
Upside | -15.8% - -6.9% | -11.3% |
Benchmarks | - | Full Ticker |
Capitol Federal Financial, Inc. | - | NasdaqGS:CFFN |
Berkshire Hills Bancorp, Inc. | - | NYSE:BHLB |
Community Trust Bancorp, Inc. | - | NasdaqGS:CTBI |
Farmers National Banc Corp. | - | NasdaqCM:FMNB |
Enterprise Financial Services Corp | - | NasdaqGS:EFSC |
First Commonwealth Financial Corporation | - | NYSE:FCF |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
CFFN | BHLB | CTBI | FMNB | EFSC | FCF | |||
NasdaqGS:CFFN | NYSE:BHLB | NasdaqGS:CTBI | NasdaqCM:FMNB | NasdaqGS:EFSC | NYSE:FCF | |||
Historical Net Income Growth | ||||||||
5Y CAGR | -16.6% | -9.5% | 5.1% | 5.1% | 14.4% | 6.2% | ||
3Y CAGR | -20.7% | -19.9% | -2.0% | -3.9% | 10.9% | 1.0% | ||
Latest Twelve Months | 145.4% | 391.0% | 11.3% | -10.7% | 9.2% | -16.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 34.2% | -15.3% | 35.7% | 33.5% | 33.2% | 31.9% | ||
Prior Fiscal Year | 406.1% | 18.3% | 34.8% | 29.3% | 32.5% | 33.6% | ||
Latest Fiscal Year | 22.9% | 16.2% | 34.9% | 28.3% | 29.9% | 31.8% | ||
Latest Twelve Months | 28.4% | 24.8% | 35.3% | 29.0% | 30.9% | 30.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
Price / LTM Sales | 4.0x | 2.7x | 3.7x | 3.0x | 3.2x | 3.6x | ||
LTM P/E Ratio | 14.2x | 10.9x | 10.5x | 10.4x | 10.2x | 11.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 10.2x | 10.5x | 14.2x | |||||
Historical LTM P/E Ratio | 10.2x | 11.3x | 14.1x | |||||
Selected P/E Multiple | 9.7x | 10.2x | 10.7x | |||||
(x) LTM Net Income | 138 | 138 | 138 | |||||
(=) Equity Value | 1,329 | 1,399 | 1,469 | |||||
(/) Shares Outstanding | 101.6 | 101.6 | 101.6 | |||||
Implied Value Range | 13.09 | 13.78 | 14.46 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 13.09 | 13.78 | 14.46 | 15.89 | ||||
Upside / (Downside) | -17.6% | -13.3% | -9.0% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | CFFN | BHLB | CTBI | FMNB | EFSC | FCF | |
Value of Common Equity | 752 | 1,167 | 913 | 506 | 1,956 | 1,614 | |
(/) Shares Outstanding | 129.8 | 45.6 | 18.1 | 37.6 | 36.9 | 101.6 | |
Implied Stock Price | 5.79 | 25.61 | 50.46 | 13.44 | 52.95 | 15.89 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 5.79 | 25.61 | 50.46 | 13.44 | 52.95 | 15.89 | |
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 |