Ameris Bancorp (ABCB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-43.0%

$48.37

vs $84.88 price

Levered DCF

$56.75

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.38

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	12.34×	12.01×	13.6×	9.41×	9.15×	10.07×	15.41×	11.27×
P/B	1.25×	1.15×	1.07×	1.02×	1.16×	1×	1.01×	0.94×
P/S	3.05×	2.64×	2.46×	2.86×	3.32×	2.3×	3.03×	2.59×
EV / EBITDA	9.74×	6.71×	7.77×	8.19×	0.51×	2.78×	13.6×	5.69×
Gross margin	68.3%	64.0%	60.5%	85.6%	98.8%	79.6%	81.6%	83.6%
Operating margin	32.0%	29.1%	24.0%	39.7%	47.8%	29.7%	25.8%	28.7%
Net margin	24.7%	22.0%	18.1%	30.4%	36.3%	22.8%	19.7%	22.9%
Current ratio	0.62×	0.13×	0.12×	0.13×	0.24×	0.18×	0.14×	0.19×
Debt / equity	0.18×	0.11×	0.19×	0.63×	0.29×	0.21×	0.63×	0.18×
Interest coverage	1.17×	0.9×	0.8×	4.88×	10.38×	3.83×	1.61×	2.17×
Dividend yield	1.1%	1.0%	1.1%	1.3%	1.2%	1.6%	1.0%	1.2%
Payout ratio	13.4%	11.6%	15.5%	12.0%	11.1%	15.9%	15.3%	13.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.1%	9.6%	7.9%	10.8%	12.7%	9.9%	6.5%	8.3%
Return on invested capital	1.5%	7.9%	6.0%	6.2%	9.0%	7.5%	3.8%	6.7%
Return on assets	1.5%	1.4%	1.1%	1.4%	1.6%	1.3%	0.9%	1.1%
Free cash flow yield	7.3%	3.3%	15.1%	32.2%	-0.5%	29.6%	-38.3%	-8.7%
Earnings yield	8.1%	8.3%	7.4%	10.6%	10.9%	9.9%	6.5%	8.9%
Enterprise value	$5.6B	$3.5B	$3.1B	$4.1B	$276.8M	$1.1B	$3.4B	$972.4M
Net debt / EBITDA	0.85×	-1.52×	-1.31×	1.75×	-5.83×	-3.89×	3.76×	-2.3×
Cash conversion cycle (days)	18	0	0	0	0	0	0	0