Fidelity D & D Bancorp, Inc. (FDBC) 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

-10.4%

$60.96

vs $68.05 price

Levered DCF

$69.82

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.63

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	8.92×	13.44×	18.08×	8.86×	13.08×	22.66×	20.33×	21.9×
P/B	1.05×	1.37×	1.74×	1.63×	1.48×	1.77×	2.2×	2.58×
P/S	1.79×	2.24×	3.15×	2.83×	3.94×	4.86×	4.84×	5.49×
EV / EBITDA	3.12×	7.22×	13.54×	6.58×	7.14×	12.04×	16.23×	20.52×
Gross margin	65.5%	63.5%	69.2%	92.7%	98.2%	88.5%	84.0%	87.1%
Operating margin	23.6%	19.1%	19.4%	37.8%	35.1%	25.2%	28.6%	29.9%
Net margin	20.1%	16.6%	17.4%	32.0%	30.1%	21.5%	23.8%	25.1%
Current ratio	0.14×	0.19×	0.22×	0.22×	0.4×	0.32×	0.25×	0.26×
Debt / equity	0.07×	0.08×	0.71×	0.19×	0.1×	0.08×	0.56×	1.16×
Interest coverage	0.7×	0.53×	0.64×	5.54×	7.7×	2.88×	1.84×	2.7×
Dividend yield	3.7%	3.2%	2.1%	2.9%	2.1%	1.8%	1.7%	1.4%
Payout ratio	33.3%	42.6%	37.1%	25.7%	27.5%	41.3%	34.9%	30.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.8%	10.2%	9.6%	18.4%	11.3%	7.8%	10.8%	11.8%
Return on invested capital	10.0%	8.5%	5.3%	15.5%	10.3%	7.3%	7.0%	5.4%
Return on assets	1.0%	0.8%	0.7%	1.3%	1.0%	0.8%	1.1%	1.1%
Free cash flow yield	9.9%	8.9%	6.9%	16.5%	1.5%	-0.4%	9.2%	4.2%
Earnings yield	11.2%	7.4%	5.5%	11.3%	7.6%	4.4%	4.9%	4.6%
Enterprise value	$120.6M	$213.4M	$351.4M	$268M	$238.7M	$238.8M	$279.1M	$331.7M
Net debt / EBITDA	-3.4×	-2.25×	0.85×	0.05×	-2.25×	-2.85×	2.56×	5.6×
Cash conversion cycle (days)	25	109	149	-768	-3,812	-390	-212	-407