Princeton Bancorp Inc. (BPRN) 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

+9.9%

$48.30

vs $43.96 price

Levered DCF

$38.59

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.39

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	12.71×	21.93×	8.76×	7.57×	8.7×	11.48×	20.85×	12.57×
P/B	0.87×	0.86×	0.94×	0.91×	0.9×	0.76×	1.08×	1×
P/S	1.7×	1.71×	2.14×	2.54×	2.64×	2.39×	3.36×	3.27×
EV / EBITDA	8.42×	14.18×	6.66×	5.59×	6.49×	5.74×	11.37×	14.68×
Gross margin	55.8%	53.1%	65.6%	91.9%	86.1%	72.8%	63.4%	75.2%
Operating margin	17.0%	9.8%	28.8%	43.1%	39.5%	26.0%	19.5%	31.3%
Net margin	13.4%	7.8%	24.4%	33.6%	30.4%	20.8%	16.1%	26.0%
Current ratio	0.09×	0.12×	0.08×	0.08×	0.08×	0.11×	0.15×	0.11×
Debt / equity	0.08×	0.09×	0.1×	0.12×	0.09×	0.09×	0.08×	0.6×
Interest coverage	0.43×	0.23×	0.91×	5.68×	4.37×	1.35×	0.67×	1.33×
Dividend yield	3.7%	3.4%	3.3%	3.2%	2.2%	1.7%	0.6%	0.1%
Payout ratio	46.6%	74.3%	28.9%	24.4%	19.5%	19.6%	12.6%	1.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.9%	3.9%	10.7%	12.1%	10.4%	6.6%	5.2%	8.0%
Return on invested capital	6.2%	3.5%	9.5%	10.5%	9.3%	5.9%	4.8%	6.1%
Return on assets	0.8%	0.4%	1.3%	1.7%	1.3%	0.9%	0.7%	1.2%
Free cash flow yield	8.7%	5.9%	9.5%	11.7%	6.0%	9.5%	6.2%	8.7%
Earnings yield	7.9%	4.6%	11.4%	13.2%	11.5%	8.7%	4.8%	8.0%
Enterprise value	$221.7M	$214.1M	$215.2M	$201.9M	$202.1M	$110.1M	$154.4M	$269.3M
Net debt / EBITDA	-0.58×	-0.71×	-0.32×	0.04×	0.21×	-2.53×	-4.24×	4.6×
Cash conversion cycle (days)	-30	-69	-71	-37	-16	-23	-41	-33