FB Bancorp, Inc. Common Stock (FBLA) 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

-109.4%

-$1.58

vs $16.76 price

Levered DCF

$3.34

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.08

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022
P/E	186.77×	-32.22×	183.02×	98.83×
P/B	0.74×	0.62×	1.31×	1.35×
P/S	3.36×	2.36×	2.59×	2.87×
EV / EBITDA	31.86×	-53.48×	51.53×	23.71×
Gross margin	71.9%	75.6%	86.4%	97.4%
Operating margin	6.9%	-7.4%	1.8%	3.0%
Net margin	1.8%	-7.2%	1.4%	3.0%
Current ratio	0.46×	0.26×	0.23×	0.39×
Debt / equity	0.25×	0.23×	1.1×	0.2×
Interest coverage	0.27×	-0.33×	0.14×	0.94×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	0.4%	-1.9%	0.7%	1.4%
Return on invested capital	1.0%	-1.5%	0.3%	1.0%
Return on assets	0.1%	-0.5%	0.1%	0.2%
Free cash flow yield	-1.7%	-4.5%	-6.9%	21.9%
Earnings yield	0.5%	-3.1%	0.5%	1.0%
Enterprise value	$251.8M	$177.3M	$289.7M	$173.9M
Net debt / EBITDA	2.28×	7.64×	15.14×	-4.18×
Cash conversion cycle (days)	23	18	8	20