ECB Bancorp, Inc. (ECBK) 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

-24.9%

$16.06

vs $21.38 price

Levered DCF

$54.31

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.45

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
P/E	18.11×	30.92×	23.7×	50.16×	42.7×	35.23×
P/B	0.82×	0.73×	0.64×	0.83×	2.23×	2.36×
P/S	1.77×	1.79×	1.9×	4.44×	7.3×	7.57×
EV / EBITDA	30.98×	35.05×	35.33×	65.13×	22.25×	21.35×
Gross margin	39.9%	38.1%	44.9%	72.3%	82.9%	74.0%
Operating margin	13.1%	7.9%	10.7%	11.4%	23.2%	28.7%
Net margin	9.8%	5.8%	8.0%	8.9%	17.1%	21.3%
Current ratio	0.1×	0.18×	0.15×	0.1×	0.1×	0.1×
Debt / equity	1.66×	1.39×	1.42×	1.07×	0.12×	0.25×
Interest coverage	0.22×	0.13×	0.2×	0.63×	1.49×	1.16×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	4.5%	2.4%	2.7%	1.7%	5.2%	6.7%
Return on invested capital	1.6%	1.0%	1.1%	0.8%	4.3%	5.1%
Return on assets	0.5%	0.3%	0.3%	0.3%	0.6%	0.8%
Free cash flow yield	6.4%	5.1%	5.7%	5.6%	3.7%	2.9%
Earnings yield	5.5%	3.3%	4.2%	2.0%	2.3%	2.8%
Enterprise value	$330.8M	$198.8M	$221.3M	$247.4M	$128.4M	$147M
Net debt / EBITDA	17.79×	13.45×	18.35×	29.4×	-7.62×	-3.69×
Cash conversion cycle (days)	24	21	25	31	23	29