Tompkins Financial Corporation (TMP) 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

+56.7%

$160.12

vs $102.17 price

Levered DCF

$186.15

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

-0.43

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	6.42×	13.62×	91.26×	13.1×	13.75×	13.52×	16.98×	13.92×
P/B	1.1×	1.35×	1.28×	1.8×	1.67×	1.45×	2.06×	1.82×
P/S	1.79×	2.23×	2.83×	3.42×	3.85×	3.19×	4.09×	3.49×
EV / EBITDA	6.69×	15.66×	60.03×	11.39×	10.67×	9.09×	17.12×	18.58×
Gross margin	75.1%	66.9%	69.6%	92.7%	95.2%	85.8%	84.4%	86.5%
Operating margin	38.8%	21.5%	4.0%	33.8%	36.2%	30.1%	30.8%	32.3%
Net margin	27.8%	16.4%	3.1%	26.2%	28.2%	23.9%	24.5%	25.5%
Current ratio	0.15×	0.19×	0.22×	0.24×	0.31×	0.31×	0.26×	52.35×
Debt / equity	0.7×	1.11×	0.98×	0.56×	0.26×	0.48×	1.11×	1.76×
Interest coverage	1.7×	0.68×	0.14×	5.21×	6.54×	3.37×	2.03×	2.62×
Dividend yield	3.5%	3.6%	4.0%	3.0%	2.7%	3.0%	2.2%	2.6%
Payout ratio	22.4%	49.5%	363.1%	39.5%	36.3%	40.4%	37.5%	36.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.2%	9.9%	1.4%	13.8%	12.3%	10.8%	12.4%	13.3%
Return on invested capital	9.3%	-1.4%	0.7%	8.0%	8.7%	6.6%	5.4%	1.5%
Return on assets	1.9%	0.9%	0.1%	1.1%	1.1%	1.0%	1.2%	1.2%
Free cash flow yield	3.1%	9.2%	9.6%	8.6%	9.6%	9.3%	7.0%	7.9%
Earnings yield	15.6%	7.3%	1.1%	7.6%	7.3%	7.5%	6.0%	7.3%
Enterprise value	$1.6B	$1.6B	$1.4B	$1.4B	$1.3B	$993.7M	$2B	$2.1B
Net debt / EBITDA	2.26×	6.34×	24.04×	2.22×	1.01×	-0.41×	5.21×	8.82×
Cash conversion cycle (days)	0	11	18	18	16	16	19	93