Northpointe Bancshares, Inc. (NPB) 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

-69.8%

$4.90

vs $16.22 price

Levered DCF

$125.83

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.31

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
P/E	7.84×	10.58×	20.71×	36.25×
P/B	0.99×	1.08×	1.16×	1.19×
P/S	1.19×	1.27×	1.37×	1.53×
EV / EBITDA	14.11×	18.57×	29.98×	31.94×
Gross margin	50.9%	48.0%	54.6%	78.7%
Operating margin	23.4%	18.7%	12.3%	10.4%
Net margin	17.7%	14.1%	9.3%	7.2%
Current ratio	0.1×	0.11×	0.13×	0.1×
Debt / equity	2.7×	2.82×	3.05×	2.35×
Interest coverage	0.48×	0.36×	0.27×	0.51×
Dividend yield	2.0%	2.3%	2.5%	3.5%
Payout ratio	13.7%	21.0%	36.2%	74.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	14.7%	11.9%	7.8%	5.6%
Return on invested capital	3.9%	3.1%	1.8%	1.6%
Return on assets	1.2%	1.1%	0.7%	0.5%
Free cash flow yield	7.3%	3.8%	100.2%	270.7%
Earnings yield	14.9%	11.1%	6.8%	4.7%
Enterprise value	$1.6B	$1.4B	$1.5B	$1.2B
Net debt / EBITDA	9.17×	12.08×	19.76×	18.75×
Cash conversion cycle (days)	0	0	0	0