Red River Bancshares, Inc. (RRBI) 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

+5.9%

$114.08

vs $107.77 price

Levered DCF

$132.80

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.65

Distress zone

Rating

A-

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	11.16×	10.88×	11.52×	9.93×	11.81×	12.9×	15.97×	15.7×
P/B	1.31×	1.16×	1.32×	1.38×	1.31×	1.27×	1.57×	1.87×
P/S	2.81×	2.38×	2.9×	3.26×	3.86×	3.65×	4.48×	4.5×
EV / EBITDA	4.68×	2.33×	2.2×	1.94×	-9.19×	-2.17×	8.16×	7.3×
Gross margin	72.5%	68.7%	76.3%	91.6%	92.5%	85.3%	86.6%	88.0%
Operating margin	31.3%	27.0%	31.0%	40.0%	39.7%	34.6%	34.4%	35.2%
Net margin	25.2%	21.8%	25.1%	32.8%	32.7%	28.3%	28.0%	28.6%
Current ratio	0.08×	0.11×	0.32×	0.32×	0.5×	0.4×	0.27×	0.28×
Debt / equity	0×	0.01×	0.01×	0.02×	0.01×	0.01×	0.02×	0.06×
Interest coverage	1.2×	0.88×	1.34×	5.81×	7.13×	4.11×	3.02×	3.71×
Dividend yield	0.8%	0.7%	0.6%	0.5%	0.5%	0.5%	0.3%	0.3%
Payout ratio	8.4%	7.3%	6.6%	5.4%	6.2%	6.2%	5.3%	4.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.7%	10.7%	11.5%	13.9%	11.1%	9.9%	9.9%	11.9%
Return on invested capital	11.2%	10.2%	10.9%	13.7%	10.9%	9.7%	9.7%	11.2%
Return on assets	1.3%	1.1%	1.1%	1.2%	1.0%	1.1%	1.2%	1.2%
Free cash flow yield	8.9%	9.0%	8.8%	10.2%	15.1%	1.6%	5.7%	5.7%
Earnings yield	9.0%	9.2%	8.7%	10.1%	8.5%	7.8%	6.3%	6.4%
Enterprise value	$265.1M	$106.2M	$100.3M	$92.5M	-$391.5M	-$80.2M	$267.8M	$221.7M
Net debt / EBITDA	-3.74×	-5.84×	-6.6×	-5.76×	-18.33×	-12.01×	-3.92×	-4.62×
Cash conversion cycle (days)	-24	-33	-63	-31	-41	-19	-47	-44