BayCom Corp (BCML) 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

-29.8%

$22.00

vs $31.32 price

Levered DCF

$25.26

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.59

Distress zone

Rating

C+

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	13.49×	12.78×	10.39×	10.49×	9.87×	13.19×	16.6×	15.39×
P/B	0.95×	0.93×	0.91×	0.79×	0.78×	0.72×	1.13×	1.11×
P/S	2.26×	2.2×	2.14×	2.24×	2.2×	1.9×	3.36×	3.5×
EV / EBITDA	8.81×	10.33×	8.58×	8.48×	8.16×	10.63×	10.78×	9.17×
Gross margin	68.4%	69.6%	77.1%	86.7%	90.0%	79.9%	87.2%	89.4%
Operating margin	23.2%	23.3%	28.7%	29.2%	30.7%	19.1%	27.7%	32.0%
Net margin	16.9%	17.1%	20.6%	21.3%	22.3%	14.4%	20.2%	22.6%
Current ratio	55.06×	0.03×	0.03×	0.1×	0.1×	0.09×	0.09×	0.1×
Debt / equity	0.07×	0.27×	0.28×	0.28×	0.32×	0.35×	0.09×	0.04×
Interest coverage	0.8×	0.79×	1.34×	3.13×	3.24×	2.05×	2.71×	4.15×
Dividend yield	2.1%	1.1%	1.3%	0.8%	0.0%	0.0%	0.0%	0.0%
Payout ratio	27.6%	14.3%	13.3%	8.5%	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	7.1%	7.3%	8.8%	7.5%	7.9%	5.4%	6.8%	7.2%
Return on invested capital	9.9%	5.5%	6.5%	5.8%	5.9%	4.0%	6.1%	6.8%
Return on assets	0.9%	0.9%	1.1%	0.9%	0.9%	0.6%	0.9%	1.0%
Free cash flow yield	9.4%	9.5%	10.1%	15.6%	4.5%	3.7%	1.9%	2.3%
Earnings yield	7.5%	7.8%	9.6%	9.5%	10.1%	7.6%	6.0%	6.5%
Enterprise value	$316M	$365.6M	$352.9M	$309.2M	$264M	$233.1M	$285.9M	$207.1M
Net debt / EBITDA	-0.12×	1.79×	1.65×	1.65×	1.85×	2.35×	-0.05×	-0.74×
Cash conversion cycle (days)	21	76	88	-308	-481	-161	-327	-430