First Community Corporation (FCCO) 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

+110.6%

$71.11

vs $33.76 price

Levered DCF

$109.46

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.16

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	11.81×	13.11×	13.8×	11.28×	10.14×	12.49×	14.8×	13.13×
P/B	1.36×	1.27×	1.24×	1.39×	1.11×	0.93×	1.35×	1.31×
P/S	2.05×	1.86×	2.08×	2.82×	2.73×	2.35×	3.13×	3.06×
EV / EBITDA	5.31×	7.83×	14.12×	14.13×	7.4×	8.26×	10.43×	9.89×
Gross margin	68.1%	61.2%	68.2%	94.8%	95.5%	86.2%	88.6%	91.0%
Operating margin	22.7%	18.0%	19.2%	31.5%	34.3%	23.4%	26.7%	29.0%
Net margin	17.3%	14.2%	15.1%	25.0%	27.0%	18.8%	21.2%	23.4%
Current ratio	0.1×	0.09×	0.23×	0.24×	0.45×	0.35×	0.33×	0.28×
Debt / equity	0.74×	0.84×	1.31×	1.34×	0.51×	0.43×	0.43×	0.38×
Interest coverage	0.72×	0.48×	0.63×	5.8×	8.77×	3.35×	2.39×	3.5×
Dividend yield	2.1%	2.4%	2.6%	2.4%	2.3%	2.8%	2.0%	2.1%
Payout ratio	24.7%	31.6%	35.8%	26.8%	23.2%	35.4%	30.1%	27.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.5%	9.7%	9.0%	12.3%	11.0%	7.4%	9.1%	10.0%
Return on invested capital	6.3%	4.9%	3.7%	5.1%	6.9%	4.9%	6.0%	6.8%
Return on assets	0.9%	0.7%	0.6%	0.9%	1.0%	0.7%	0.9%	1.0%
Free cash flow yield	7.7%	5.3%	6.8%	12.7%	36.5%	-14.3%	1.3%	12.6%
Earnings yield	8.4%	7.6%	7.3%	8.9%	9.9%	8.0%	6.8%	7.6%
Enterprise value	$190.9M	$153.7M	$239.5M	$285.9M	$159.5M	$120.5M	$166.3M	$158.3M
Net debt / EBITDA	-1.02×	-1.48×	4.51×	5.99×	0.14×	-0.41×	0.25×	0.69×
Cash conversion cycle (days)	0	0	0	0	0	0	0	0