First Carolina Financial Services (FCBM) 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

-450.7%

-$45.98

vs $13.11 price

Levered DCF

$24.52

After debt service

Piotroski score

—

Altman Z-score

—

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
P/E	31.5×	18.26×	19.38×
P/B	1.1×	1.13×	1.42×
P/S	1.8×	5.33×	6.04×
EV / EBITDA	16.74×	0×	0×
Gross margin	53.0%	100.0%	100.0%
Operating margin	7.3%	0.0%	0.0%
Net margin	5.8%	29.2%	31.1%
Current ratio	0×	0×	0×
Debt / equity	0.4×	0.48×	0.24×
Interest coverage	0.17×	0×	0×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	3.5%	6.2%	7.3%
Return on invested capital	16.3%	0.0%	0.0%
Return on assets	0.4%	0.7%	0.7%
Free cash flow yield	8.4%	15.0%	-9.9%
Earnings yield	3.2%	5.5%	5.2%
Enterprise value	$385.4M	$376.4M	$283.3M
Net debt / EBITDA	0.19×	0×	0×
Cash conversion cycle (days)	24	151	375