Western New England Bancorp, Inc. (WNEB) 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

-57.9%

$5.92

vs $14.06 price

Levered DCF

$6.81

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.24

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	16.61×	16.43×	12.86×	8.02×	8.59×	15.31×	18.88×	17.61×
P/B	1.02×	0.82×	0.82×	0.91×	0.91×	0.76×	1.09×	1.22×
P/S	1.95×	1.57×	1.73×	2.09×	2.2×	1.87×	2.75×	3.29×
EV / EBITDA	14.74×	14.7×	14.63×	6.44×	3.69×	8.75×	23.89×	22.59×
Gross margin	62.0%	59.8%	69.6%	92.5%	93.8%	71.5%	70.8%	76.3%
Operating margin	14.9%	12.2%	17.5%	34.9%	34.3%	15.4%	18.7%	23.9%
Net margin	11.8%	9.5%	13.5%	26.1%	25.6%	12.2%	14.5%	18.6%
Current ratio	0.02×	0.1×	0.08×	0.08×	0.13×	0.14×	0.15×	0.17×
Debt / equity	0.43×	0.52×	0.66×	0.27×	0.1×	0.26×	1.04×	1.13×
Interest coverage	0.4×	0.3×	0.59×	5.17×	4.75×	0.77×	0.71×	1.11×
Dividend yield	2.3%	3.1%	3.1%	2.6%	2.3%	2.9%	2.1%	1.6%
Payout ratio	37.4%	50.7%	40.3%	20.4%	19.7%	44.9%	39.5%	28.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.2%	4.9%	6.3%	11.3%	10.6%	4.9%	5.8%	6.9%
Return on invested capital	4.0%	3.0%	3.6%	8.0%	8.4%	3.5%	2.7%	3.1%
Return on assets	0.6%	0.4%	0.6%	1.0%	0.9%	0.5%	0.6%	0.8%
Free cash flow yield	6.8%	5.7%	6.1%	17.2%	12.5%	12.5%	5.6%	7.3%
Earnings yield	6.0%	6.1%	7.8%	12.5%	11.6%	6.5%	5.3%	5.7%
Enterprise value	$321.1M	$258.2M	$324.4M	$240.5M	$127.2M	$146M	$469.6M	$531.8M
Net debt / EBITDA	3.12×	3.76×	5.89×	0.9×	-2.22×	-1.6×	11.06×	10.27×
Cash conversion cycle (days)	25	25	28	30	31	34	21	23