MainStreet Bancshares, Inc. (MNSB) 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

-46.3%

$11.84

vs $22.05 price

Levered DCF

$20.90

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.71

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	FY2019	FY2018
P/E	11.57×	-11.31×	7.63×	8.43×	9.28×	9.14×	13.61×	12.36×
P/B	0.71×	0.66×	0.84×	1.04×	0.98×	0.82×	1.38×	0.94×
P/S	1.15×	1×	1.46×	2.33×	2.64×	1.98×	2.98×	2.41×
EV / EBITDA	8.29×	-17.6×	6.21×	9.18×	5.06×	3.52×	9.99×	10.82×
Gross margin	54.4%	42.8%	61.4%	82.2%	86.5%	71.7%	67.0%	66.5%
Operating margin	14.0%	-10.1%	25.7%	37.7%	39.8%	28.1%	27.2%	24.0%
Net margin	11.5%	-7.2%	20.8%	30.1%	31.5%	22.6%	21.9%	19.6%
Current ratio	0.02×	0.03×	0.07×	0.08×	0.12×	0.16×	0.14×	0.1×
Debt / equity	0.32×	0.35×	0.4×	0.87×	0.16×	0.09×	0.4×	0.45×
Interest coverage	0.31×	-0.19×	0.69×	2.5×	2.62×	1.22×	0.89×	0.89×
Dividend yield	3.3%	3.8%	2.8%	2.0%	1.2%	0.5%	0.0%	0.0%
Payout ratio	33.3%	-52.1%	19.4%	15.1%	9.7%	4.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.1%	-4.8%	12.0%	13.5%	11.7%	9.4%	10.2%	7.6%
Return on invested capital	5.0%	-3.1%	7.6%	6.5%	9.4%	7.7%	6.8%	5.1%
Return on assets	0.7%	-0.4%	1.3%	1.4%	1.3%	1.0%	1.1%	0.8%
Free cash flow yield	6.8%	6.5%	13.7%	12.4%	13.4%	11.4%	8.3%	9.9%
Earnings yield	10.0%	-7.2%	14.2%	12.9%	11.9%	11.4%	7.4%	8.1%
Enterprise value	$199.3M	$163.2M	$220.7M	$330.3M	$153.3M	$76.4M	$191.2M	$140.4M
Net debt / EBITDA	1.81×	-2.75×	0.96×	3.43×	-1.07×	-2.82×	0.07×	2.07×
Cash conversion cycle (days)	39	30	35	39	40	50	31	40