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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.1x - 1.2x | 1.1x |
Historical Pb Multiple | 1.2x - 1.5x | 1.3x |
Fair Value | 31.29$ - 34.59$ | 32.94$ |
Upside | -14.1% - -5.1% | -9.6% |
Benchmarks | - | Full Ticker |
City Holding Company | - | NasdaqGS:CHCO |
Mid Penn Bancorp, Inc. | - | NasdaqGM:MPB |
John Marshall Bancorp, Inc. | - | NasdaqCM:JMSB |
Home Bancshares, Inc. (Conway, AR) | - | NYSE:HOMB |
Southside Bancshares, Inc. | - | NYSE:SBSI |
Capital City Bank Group, Inc. | - | NasdaqGS:CCBG |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
CHCO | MPB | JMSB | HOMB | SBSI | CCBG | |||
NasdaqGS:CHCO | NasdaqGM:MPB | NasdaqCM:JMSB | NYSE:HOMB | NYSE:SBSI | NasdaqGS:CCBG | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 5.6% | 22.8% | 1.5% | 6.8% | 3.5% | 11.4% | ||
3Y CAGR | 10.0% | 19.0% | -12.3% | 8.0% | -8.0% | 16.6% | ||
Latest Twelve Months | 2.4% | 32.2% | 233.0% | 2.4% | 2.1% | 1.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 39.6% | 26.1% | 32.9% | 40.0% | 38.9% | 20.3% | ||
Prior Fiscal Year | 39.5% | 22.9% | 13.3% | 40.0% | 35.9% | 23.7% | ||
Latest Fiscal Year | 39.8% | 27.8% | 31.9% | 41.5% | 34.7% | 22.9% | ||
Latest Twelve Months | 39.8% | 27.8% | 31.9% | 41.5% | 34.7% | 22.9% | ||
Return on Equity | ||||||||
5 Year Average Margin | 15.2% | 9.2% | 9.9% | 10.3% | 11.7% | 10.4% | ||
Prior Fiscal Year | 18.1% | 7.1% | 2.3% | 10.7% | 11.4% | 12.6% | ||
Latest Twelve Months | 16.5% | 8.3% | 7.2% | 10.4% | 11.2% | 11.3% | ||
Next Fiscal Year | 14.6% | 8.8% | #NUM! | 10.6% | 10.4% | 10.2% | ||
Two Fiscal Years Forward | 14.0% | 10.8% | 9.1% | 10.3% | 10.4% | 9.9% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 6.0x | 2.9x | 4.5x | 5.9x | 3.5x | 2.7x | ||
Price / LTM EPS | 15.2x | 10.3x | 14.2x | 14.2x | 10.2x | 11.7x | ||
Price / Book | 2.4x | 0.8x | 1.0x | 1.4x | 1.1x | 1.3x | ||
Price / Fwd Book | 2.3x | 0.7x | 1.0x | 1.4x | 1.1x | 1.2x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.8x | 1.1x | 2.4x | |||||
Historical P/B Ratio | 1.2x | 1.3x | 1.5x | |||||
Selected P/B Multiple | 1.1x | 1.1x | 1.2x | |||||
(x) Book Value | 495 | 495 | 495 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | CHCO | MPB | JMSB | HOMB | SBSI | CCBG | |
Value of Common Equity | 1,763 | 508 | 244 | 5,698 | 899 | 622 | |
(/) Shares Outstanding | 14.7 | 19.4 | 14.2 | 198.6 | 30.4 | 17.1 | |
Implied Stock Price | 120.21 | 26.25 | 17.16 | 28.70 | 29.57 | 36.45 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 120.21 | 26.25 | 17.16 | 28.70 | 29.57 | 36.45 | |
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 |