Summit State Bank (SSBI) 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

+27.5%

$14.56

vs $11.42 price

Levered DCF

$12.40

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.34

Distress zone

Rating

B-

Overall 2 / 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	11.51×	-12.34×	7.59×	6.22×	7.04×	7.75×	12.15×	12.3×
P/B	0.77×	0.56×	0.84×	1.19×	1.23×	1.08×	1.17×	1.16×
P/S	1.33×	0.83×	1.27×	1.88×	2.23×	2.02×	2.42×	2.56×
EV / EBITDA	2×	-1.48×	1.95×	3.09×	5.5×	7.18×	9.8×	12.69×
Gross margin	55.8%	40.0%	61.5%	83.8%	87.8%	79.6%	76.2%	83.9%
Operating margin	15.2%	-7.1%	23.5%	42.5%	45.0%	36.8%	27.3%	28.9%
Net margin	11.6%	-6.8%	16.6%	30.2%	31.7%	25.9%	19.9%	20.9%
Current ratio	171.08×	0.12×	0.13×	0.19×	0.15×	0.15×	0.17×	0.19×
Debt / equity	0.06×	0.06×	0.06×	0.53×	0.65×	0.79×	0.76×	0.92×
Interest coverage	0.38×	-0.15×	0.62×	3.66×	4.78×	2.42×	1.26×	2.04×
Dividend yield	0.0%	3.7%	3.9%	3.1%	2.9%	3.6%	3.7%	4.1%
Payout ratio	0.0%	-45.2%	30.0%	19.0%	20.3%	27.7%	45.0%	50.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.7%	-4.6%	11.1%	19.2%	17.4%	13.9%	9.6%	9.5%
Return on invested capital	0.7%	-4.0%	9.6%	12.1%	10.4%	7.8%	5.5%	4.9%
Return on assets	0.7%	-0.4%	1.0%	1.5%	1.5%	1.2%	0.9%	0.9%
Free cash flow yield	8.4%	10.9%	-3.2%	12.8%	7.1%	4.4%	29.8%	4.0%
Earnings yield	8.7%	-8.2%	13.1%	16.1%	14.2%	12.9%	8.2%	8.2%
Enterprise value	$18.7M	$5.9M	$30.5M	$75M	$117.2M	$110.3M	$91.9M	$106.5M
Net debt / EBITDA	-6.38×	11.38×	-3.31×	-1.26×	0.64×	1.86×	1.4×	4.18×
Cash conversion cycle (days)	21	0	0	-337	-242	-133	-100	-150