Rhinebeck Bancorp, Inc. (RBKB) 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

-58.3%

$5.40

vs $12.94 price

Levered DCF

$11.19

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.25

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	9.25×	-8.65×	14.05×	10.03×	7.13×	11.13×	14.46×	8.01×
P/B	0.68×	0.61×	0.55×	0.65×	0.65×	0.56×	0.79×	0.59×
P/S	1.23×	1.37×	0.94×	1.3×	1.61×	1.25×	1.86×	0.89×
EV / EBITDA	7.46×	-13.68×	25.44×	11.06×	5.16×	3.15×	16.57×	4×
Gross margin	68.2%	47.8%	63.3%	85.0%	98.8%	71.2%	76.0%	81.1%
Operating margin	16.7%	-20.2%	8.5%	16.3%	29.3%	14.2%	16.1%	13.7%
Net margin	13.2%	-15.9%	6.6%	12.8%	22.6%	11.2%	12.8%	11.1%
Current ratio	0.12×	0.15×	0.16×	0.21×	0.27×	0.21×	0.17×	0.22×
Debt / equity	0.22×	0.62×	1.17×	0.58×	0.18×	0.48×	0.65×	0.7×
Interest coverage	0.56×	-0.43×	0.25×	1.32×	3.5×	0.93×	0.86×	1.01×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.3%	-7.1%	3.9%	6.5%	9.2%	5.1%	5.4%	7.4%
Return on invested capital	4.9%	-3.7%	1.6%	3.9%	7.3%	3.3%	3.1%	2.3%
Return on assets	0.8%	-0.7%	0.3%	0.5%	0.9%	0.5%	0.6%	0.5%
Free cash flow yield	11.7%	10.3%	10.4%	19.3%	7.2%	19.8%	11.0%	21.3%
Earnings yield	10.8%	-11.6%	7.1%	9.9%	14.1%	9.0%	6.9%	12.4%
Enterprise value	$104.8M	$130.2M	$180.8M	$116.7M	$85.9M	$28M	$146.2M	$26.2M
Net debt / EBITDA	0.82×	-5.86×	16.69×	4.37×	0.23×	-4.24×	6.74×	-1.35×
Cash conversion cycle (days)	23	30	25	28	24	26	23	23