Community West Bancshares (CWBC) 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

+88.8%

$49.76

vs $26.36 price

Levered DCF

$61.73

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.55

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	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.19×	43.04×	10.25×	9.33×	8.95×	9.19×	13.54×	13.7×
P/B	1.04×	0.91×	1.27×	1.42×	1.05×	0.76×	1.27×	1.32×
P/S	2.2×	2.01×	2.42×	2.86×	3.19×	2.39×	3.74×	3.99×
EV / EBITDA	7.94×	31.33×	10.31×	9.26×	2.88×	3.98×	7×	7.61×
Gross margin	72.6%	62.8%	81.2%	94.9%	103.8%	93.8%	95.4%	97.9%
Operating margin	27.0%	6.7%	31.3%	40.6%	46.7%	34.9%	38.5%	38.3%
Net margin	19.6%	4.7%	23.6%	30.7%	34.9%	26.1%	27.6%	29.2%
Current ratio	1.63×	0.14×	0.22×	0.35×	0.6×	0.46×	0.41×	0.4×
Debt / equity	0.35×	0.56×	0.72×	0.66×	0.16×	0.06×	0.07×	0.07×
Interest coverage	1.06×	0.22×	1.69×	10.27×	29.2×	17.09×	11.7×	18.81×
Dividend yield	2.1%	2.5%	2.2%	2.3%	2.2%	3.0%	2.0%	1.5%
Payout ratio	24.0%	107.4%	22.2%	21.2%	20.3%	27.2%	27.1%	20.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.3%	2.1%	12.3%	15.3%	11.5%	8.3%	9.4%	9.7%
Return on invested capital	1.0%	1.3%	6.5%	9.2%	9.9%	8.1%	8.8%	9.1%
Return on assets	1.0%	0.2%	1.0%	1.1%	1.2%	1.0%	1.3%	1.4%
Free cash flow yield	10.2%	5.2%	6.8%	9.4%	16.1%	8.3%	7.2%	10.0%
Earnings yield	8.9%	2.3%	9.7%	10.7%	10.9%	10.9%	7.4%	7.3%
Enterprise value	$451M	$413.7M	$358.2M	$332.6M	$135.5M	$130.4M	$253.7M	$274.4M
Net debt / EBITDA	0.41×	6.28×	2.76×	2.35×	-2.64×	-1.72×	-1.02×	-0.46×
Cash conversion cycle (days)	0	0	0	-2,371	4,812	-2,203	-1,862	-4,786