CF Bankshares Inc. (CFBK) 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

+68.4%

$58.94

vs $35.00 price

Levered DCF

$107.24

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.3

Distress zone

Rating

A-

Overall 4 / 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	9.24×	12.28×	7.39×	7.46×	7.23×	3.91×	6.8×	11.46×
P/B	0.85×	0.95×	0.81×	0.97×	1.07×	0.97×	0.79×	1.09×
P/S	1.25×	1.31×	1.12×	1.93×	2.1×	1.04×	1.37×	1.81×
EV / EBITDA	0.9×	2.33×	-0.29×	4.74×	3.16×	3.16×	5.16×	2.99×
Gross margin	41.8%	35.8%	43.6%	71.9%	86.3%	75.0%	71.2%	74.5%
Operating margin	17.1%	13.2%	18.8%	32.1%	35.9%	35.5%	25.8%	19.4%
Net margin	13.5%	11.0%	15.2%	25.8%	29.0%	29.0%	20.6%	15.5%
Current ratio	15.31×	0.14×	0.16×	0.12×	0.16×	0.23×	0.09×	0.14×
Debt / equity	0.66×	0.68×	0.84×	0.9×	0.85×	2.09×	0.57×	0.75×
Interest coverage	0.33×	0.23×	0.35×	1.19×	2.21×	2.49×	0.9×	0.76×
Dividend yield	1.2%	1.0%	1.2%	0.9%	0.6%	0.2%	0.0%	0.0%
Payout ratio	11.5%	12.1%	8.7%	6.3%	4.6%	0.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.2%	7.9%	10.9%	13.0%	14.7%	26.9%	11.9%	9.4%
Return on invested capital	0.8%	4.3%	5.4%	6.8%	7.9%	8.7%	7.5%	5.3%
Return on assets	0.8%	0.6%	0.8%	1.0%	1.2%	2.0%	1.1%	0.6%
Free cash flow yield	11.6%	8.7%	13.9%	28.7%	187.4%	-116.1%	-162.7%	-24.9%
Earnings yield	10.8%	8.4%	13.5%	13.4%	13.8%	27.8%	15.0%	8.6%
Enterprise value	$19.8M	$38.8M	-$6.2M	$109.4M	$73.6M	$115.8M	$63.7M	$16.7M
Net debt / EBITDA	-6.23×	-7.3×	-6.1×	-1.13×	-2.58×	0.25×	-0.02×	-5.94×
Cash conversion cycle (days)	25	23	44	-329	-467	-189	-90	-148