Colony Bankcorp, Inc. (CBAN) 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

-63.9%

$7.46

vs $20.70 price

Levered DCF

$5.28

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.34

Distress zone

Rating

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	11.21×	11.87×	10.73×	11.13×	10.28×	11.81×	14.73×	10.35×
P/B	0.84×	1.02×	0.92×	0.95×	0.88×	0.96×	1.15×	1.29×
P/S	1.7×	1.6×	1.46×	1.72×	1.8×	1.59×	2.02×	2.1×
EV / EBITDA	12.78×	13.41×	12.44×	11.63×	8.23×	8.89×	14.25×	10.81×
Gross margin	66.4%	63.6%	68.7%	88.8%	95.2%	83.5%	81.6%	85.6%
Operating margin	18.9%	16.7%	16.9%	18.1%	21.7%	16.7%	16.9%	25.4%
Net margin	15.2%	13.5%	13.5%	15.4%	17.5%	13.5%	13.7%	20.3%
Current ratio	0.08×	0.03×	0.17×	0.18×	0.4×	0.27×	0.28×	0.33×
Debt / equity	0.69×	0.89×	0.94×	0.88×	0.41×	0.42×	0.66×	0.71×
Interest coverage	0.61×	0.48×	0.58×	2.1×	5.27×	1.86×	1×	1.81×
Dividend yield	2.5%	2.8%	3.3%	3.3%	2.3%	2.7%	1.8%	1.4%
Payout ratio	28.5%	33.1%	35.5%	36.6%	23.9%	32.2%	26.4%	14.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.5%	8.6%	8.5%	8.5%	8.6%	8.2%	7.8%	12.5%
Return on invested capital	4.2%	4.4%	4.3%	4.4%	5.9%	3.7%	4.6%	7.1%
Return on assets	0.8%	0.8%	0.7%	0.7%	0.7%	0.7%	0.7%	1.0%
Free cash flow yield	-2.2%	7.9%	7.4%	21.5%	15.8%	-16.8%	0.3%	9.9%
Earnings yield	8.9%	8.4%	9.3%	9.0%	9.7%	8.5%	6.8%	9.7%
Enterprise value	$547.8M	$505.4M	$446.9M	$400.9M	$261.6M	$182.2M	$220.9M	$181.1M
Net debt / EBITDA	5.39×	5.89×	5.93×	5.3×	2.19×	2.1×	4.53×	3.45×
Cash conversion cycle (days)	0	0	0	0	0	0	0	0