Central Pacific Financial Corp. (CPF) 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

+2.9%

$40.22

vs $39.07 price

Levered DCF

$51.74

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.59

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	10.86×	14.75×	9.07×	7.51×	9.88×	14.29×	14.43×	12.05×
P/B	1.41×	1.46×	1.06×	1.23×	1.41×	0.98×	1.59×	1.46×
P/S	2.31×	2.31×	1.66×	2.01×	3.04×	2.07×	3.26×	3.08×
EV / EBITDA	5.15×	7.69×	2.32×	5.52×	5.22×	9.84×	12.07×	10.56×
Gross margin	76.1%	69.5%	72.5%	94.4%	102.7%	77.9%	85.0%	90.0%
Operating margin	27.8%	20.0%	24.0%	35.7%	40.7%	19.0%	30.2%	33.7%
Net margin	21.4%	15.7%	18.4%	26.7%	30.7%	14.5%	22.6%	25.6%
Current ratio	0.14×	0.14×	0.17×	0.12×	0.3×	0.22×	0.24×	0.26×
Debt / equity	0.17×	0.35×	0.37×	0.32×	0.26×	0.32×	0.58×	0.65×
Interest coverage	1.37×	0.72×	1.06×	5.78×	13.69×	3.33×	2.41×	3.09×
Dividend yield	3.5%	3.6%	5.3%	5.1%	3.4%	4.9%	3.0%	3.4%
Payout ratio	37.9%	52.7%	47.9%	38.6%	33.7%	69.6%	44.1%	40.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.1%	9.9%	11.6%	16.3%	14.3%	6.8%	11.0%	12.1%
Return on invested capital	10.0%	6.5%	7.6%	10.7%	10.2%	4.7%	6.5%	6.9%
Return on assets	1.0%	0.7%	0.8%	1.0%	1.1%	0.6%	1.0%	1.0%
Free cash flow yield	11.0%	9.6%	17.4%	17.2%	11.2%	9.5%	7.7%	14.0%
Earnings yield	9.3%	6.8%	11.0%	13.3%	10.1%	7.0%	6.9%	8.3%
Enterprise value	$559.4M	$593.4M	$196.2M	$590.3M	$606.3M	$604.2M	$1B	$933.1M
Net debt / EBITDA	-2.55×	-2.5×	-3.97×	0.32×	-1.57×	1.15×	2.33×	2.45×
Cash conversion cycle (days)	-6	-10	-54	-84	23	29	23	27