Commercial Bancgroup, Inc. Common Stock (CBK) 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

-39.8%

$20.28

vs $33.68 price

Levered DCF

$18.69

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.49

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
P/E	8.38×	9.3×	9.52×
P/B	1.19×	1.33×	1.54×
P/S	2.58×	2.19×	2.61×
EV / EBITDA	9.91×	5.91×	6.86×
Gross margin	68.6%	64.4%	69.9%
Operating margin	36.0%	30.4%	35.4%
Net margin	28.3%	23.6%	27.4%
Current ratio	0.14×	0.12×	0.11×
Debt / equity	0.59×	0.5×	0.78×
Interest coverage	1.15×	0.89×	1.3×
Dividend yield	0.6%	0.7%	0.5%
Payout ratio	5.4%	6.4%	4.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	13.0%	14.3%	16.1%
Return on invested capital	-4.8%	8.8%	8.4%
Return on assets	1.6%	1.4%	1.4%
Free cash flow yield	10.4%	12.2%	12.2%
Earnings yield	10.9%	10.7%	10.5%
Enterprise value	$506.6M	$266.9M	$296.5M
Net debt / EBITDA	3.26×	-0.56×	0.1×
Cash conversion cycle (days)	0	-13	-13