Republic Bancorp, Inc. (RBCAA) 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

+65.1%

$152.61

vs $92.44 price

Levered DCF

$194.24

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.41

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	10.37×	13.41×	11.97×	8.92×	11.96×	9.04×	10.64×	10.3×
P/B	1.24×	1.37×	1.18×	0.95×	1.25×	0.91×	1.28×	1.18×
P/S	2.61×	2.72×	2.56×	2.57×	3.36×	2.24×	2.84×	2.58×
EV / EBITDA	9.81×	10.28×	9.96×	6.29×	4.93×	6.87×	12.75×	14.23×
Gross margin	74.0%	64.9%	72.7%	90.6%	93.4%	84.7%	79.5%	80.5%
Operating margin	31.8%	25.6%	26.9%	37.0%	35.9%	30.6%	33.0%	29.9%
Net margin	25.2%	20.3%	21.4%	28.8%	28.3%	24.8%	26.7%	24.7%
Current ratio	0.68×	0.16×	0.19×	0.2×	0.25×	0.21×	0.22×	0.23×
Debt / equity	0.57×	0.54×	0.56×	0.41×	0.43×	0.65×	1.3×	1.5×
Interest coverage	1.6×	1.06×	1.68×	15.59×	19.67×	5.15×	2.53×	3.13×
Dividend yield	2.5%	2.2%	2.6%	3.2%	2.4%	3.1%	2.2%	2.4%
Payout ratio	25.8%	30.1%	31.4%	28.7%	28.2%	27.9%	23.3%	25.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.9%	10.2%	9.9%	10.6%	10.5%	10.1%	12.0%	11.3%
Return on invested capital	1.9%	6.2%	5.9%	7.0%	7.0%	5.8%	5.0%	4.4%
Return on assets	1.9%	1.5%	1.4%	1.6%	1.4%	1.3%	1.6%	1.5%
Free cash flow yield	11.8%	10.5%	9.4%	18.6%	9.1%	9.6%	9.5%	13.5%
Earnings yield	9.6%	7.5%	8.4%	11.2%	8.4%	11.1%	9.4%	9.6%
Enterprise value	$1.8B	$1.5B	$1.3B	$848M	$639.7M	$797.7M	$1.6B	$1.5B
Net debt / EBITDA	2.26×	0.73×	1.53×	0.27×	-3.09×	0.4×	4.91×	6.5×
Cash conversion cycle (days)	16	67	76	12	10	11	15	17