OP Bancorp (OPBK) 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

+165.7%

$40.73

vs $15.33 price

Levered DCF

$37.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.61

Distress zone

Rating

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	8.21×	11.37×	7.06×	5.19×	6.75×	9.06×	9.97×	9.64×
P/B	0.92×	1.15×	0.86×	0.96×	1.17×	0.82×	1.16×	1.03×
P/S	1.26×	1.53×	1.22×	1.6×	2.4×	1.82×	2.33×	2.26×
EV / EBITDA	-2.4×	6.67×	5.42×	2.01×	2.08×	1.24×	3.76×	2.74×
Gross margin	54.7%	51.5%	59.8%	86.5%	95.4%	77.9%	77.8%	82.5%
Operating margin	21.2%	18.9%	24.7%	44.1%	50.7%	28.3%	31.4%	32.8%
Net margin	15.4%	13.7%	17.6%	31.5%	36.0%	20.4%	23.9%	24.0%
Current ratio	1.91×	0.07×	0.16×	0.16×	0.18×	0.17×	0.14×	0.15×
Debt / equity	0.54×	0.5×	0.59×	0.06×	0.06×	0.09×	0.07×	0×
Interest coverage	0.49×	0.4×	0.63×	4.13×	12.98×	2.2×	1.52×	2.14×
Dividend yield	3.4%	3.0%	4.4%	3.9%	2.7%	3.6%	1.9%	0.0%
Payout ratio	27.8%	33.9%	30.4%	20.0%	17.8%	32.5%	18.8%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.3%	10.3%	12.4%	18.8%	17.5%	9.2%	11.9%	11.0%
Return on invested capital	1.0%	6.5%	7.3%	16.2%	15.0%	7.9%	10.7%	10.4%
Return on assets	1.0%	0.9%	1.1%	1.6%	1.7%	1.0%	1.4%	1.4%
Free cash flow yield	11.1%	12.7%	39.6%	48.6%	-15.3%	-4.7%	10.6%	22.0%
Earnings yield	12.2%	9.0%	14.4%	19.7%	15.0%	11.2%	10.3%	10.6%
Enterprise value	-$102.1M	$202.9M	$188.9M	$96.5M	$87.4M	$24.1M	$87.3M	$56.3M
Net debt / EBITDA	-7.33×	-1.06×	0.66×	-1.51×	-2.51×	-4.75×	-3.27×	-3.79×
Cash conversion cycle (days)	-48	-57	-62	-46	-35	-4	-46	-41