Avidbank Holdings, Inc. (AVBH) 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

-117.0%

-$5.95

vs $34.95 price

Levered DCF

$32.53

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.16

Distress zone

Rating

Overall 2 / 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	8.33×	7.67×	9.48×	5.9×	10.43×	13.23×	9.77×	11.24×
P/B	0.71×	0.86×	0.96×	1.07×	0.93×	0.99×	1.08×	1.24×
P/S	2.7×	2.09×	2.34×	1.96×	2.42×	2.77×	2.3×	2.75×
EV / EBITDA	-6.39×	215.75×	273.84×	143.74×	0×	107.7×	-0.28×	6.54×
Gross margin	34.8%	100.0%	100.0%	100.0%	100.0%	100.0%	84.1%	86.0%
Operating margin	-34.8%	43.5%	40.4%	56.0%	43.8%	39.6%	32.6%	34.1%
Net margin	32.3%	27.2%	24.8%	33.3%	23.2%	21.0%	23.5%	24.5%
Current ratio	0×	0×	0.05×	0.03×	0.26×	0.2×	0.24×	0.12×
Debt / equity	0.08×	1.15×	2.37×	1.22×	0.27×	0.32×	0.19×	0.12×
Interest coverage	-0.61×	0×	1.83×	29.24×	18.67×	14.63×	2.44×	3.27×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.5%	11.3%	10.2%	18.2%	8.9%	7.5%	11.0%	11.1%
Return on invested capital	0.9%	12.6%	-1.3%	-1.8%	-1.2%	-1.5%	9.3%	9.9%
Return on assets	0.9%	0.9%	0.8%	1.2%	0.6%	0.7%	1.1%	1.2%
Free cash flow yield	0.0%	14.1%	22.8%	19.1%	12.7%	11.6%	11.1%	11.4%
Earnings yield	12.0%	13.0%	10.6%	17.0%	9.6%	7.6%	10.2%	8.9%
Enterprise value	$214.2M	$375.8M	$551.2M	$315.2M	$165.4M	$167.8M	-$5.4M	$109M
Net debt / EBITDA	-0.42×	123.24×	194.9×	76.44×	0×	26.08×	-6.85×	-0.95×
Cash conversion cycle (days)	0	0	0	0	0	0	-661	-333