Mid Penn Bancorp, Inc. (MPB) 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

-593.2%

-$170.27

vs $34.52 price

Levered DCF

$22.33

After debt service

Piotroski score

7 / 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	11.98×	9.94×	10.6×	8.71×	11.71×	7.04×	13.78×	15.55×
P/B	0.88×	0.75×	0.73×	0.93×	0.7×	0.72×	1.03×	0.73×
P/S	2.2×	1.6×	1.56×	2.55×	2.38×	1.51×	2.26×	2.14×
EV / EBITDA	9.08×	7.76×	13.04×	6.64×	7.92×	7.49×	10.4×	15.41×
Gross margin	61.5%	56.9%	63.6%	88.2%	87.7%	80.5%	75.4%	82.6%
Operating margin	22.1%	19.6%	17.6%	36.0%	25.1%	25.5%	19.8%	16.7%
Net margin	17.2%	16.1%	14.7%	29.3%	20.4%	21.4%	16.4%	13.9%
Current ratio	0.02×	0.07×	0.07×	0.08×	0.07×	0.02×	0.04×	0.08×
Debt / equity	0.07×	0.12×	0.66×	0.14×	0.34×	0.51×	0.3×	0.53×
Interest coverage	0.58×	0.46×	0.5×	3.79×	2.44×	1.59×	0.85×	1×
Dividend yield	2.5%	2.8%	3.3%	2.7%	2.6%	3.5%	2.7%	2.8%
Payout ratio	32.3%	28.0%	34.7%	23.2%	30.3%	24.8%	37.8%	43.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.9%	7.5%	6.9%	10.7%	6.0%	10.3%	7.4%	4.7%
Return on invested capital	8.3%	6.4%	4.0%	7.6%	4.3%	5.0%	5.6%	3.0%
Return on assets	0.9%	0.9%	0.7%	1.2%	0.6%	0.9%	0.8%	0.5%
Free cash flow yield	10.0%	9.1%	12.5%	11.7%	18.2%	5.6%	1.6%	1.2%
Earnings yield	7.8%	10.1%	9.4%	11.5%	8.5%	14.2%	7.3%	6.5%
Enterprise value	$730.8M	$519M	$672.3M	$490.2M	$322.8M	$282.9M	$286M	$251.8M
Net debt / EBITDA	0.16×	0.42×	5.35×	0.18×	-0.5×	2.6×	1.53×	5.45×
Cash conversion cycle (days)	-15,076	-5	-19	-2	-8	8	-3	-23