First Mid Bancshares, Inc.

NasdaqGM:FMBH Stock Report

Market Cap: US$745.1m

First Mid Bancshares Valuation

Is FMBH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Por debajo del valor justo

  • Muy por debajo del valor justo

  • Price-To-Earnings vs. similares

  • Price-To-Earnings vs. Industria

  • PM vs. Ratio Justo

  • Pronóstico de los analistas

Share Price vs Fair Value

What is the Fair Price of FMBH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Por debajo del valor justo: FMBH ($32.41) cotiza por debajo de nuestra estimación de valor razonable ($61.67)

Muy por debajo del valor justo: FMBH cotiza por debajo de su valor razonable en más de un 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FMBH?

Other financial metrics that can be useful for relative valuation.

FMBH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does FMBH's PE Ratio compare to its peers?

The above table shows the PE ratio for FMBH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
AMTB Amerant Bancorp
23x44.4%US$745.0m
LBAI Lakeland Bancorp
9.2x4.6%US$771.3m
DCOM Dime Community Bancshares
8.1x12.3%US$705.9m
AMAL Amalgamated Financial
7.8x5.9%US$691.6m
FMBH First Mid Bancshares
10.7x8.0%US$745.1m

Price-To-Earnings vs. similares: FMBH es un buen valor basado en su Ratio Price-To-Earnings (10.9x) comparado con la media de sus homólogos (12.7x).


Price to Earnings Ratio vs Industry

How does FMBH's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No more companies

Price-To-Earnings vs. Industria: FMBH es caro en función de su Ratio Price-To-Earnings (10.8x) en comparación con la media del sector US Banks (9x).


Price to Earnings Ratio vs Fair Ratio

What is FMBH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FMBH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio11.3x

PM vs. Ratio Justo: FMBH es un buen valor basado en su ratio Price-To-Earnings (11x) comparado con el ratio justo estimado Price-To-Earnings (11.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FMBH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$30.99
US$38.17
+23.2%
1.0%US$39.00US$38.00n/a6
Mar ’25US$30.11
US$38.50
+27.9%
2.9%US$41.00US$38.00n/a6
Feb ’25US$31.20
US$38.00
+21.8%
4.6%US$41.00US$35.00n/a6
Jan ’25US$34.66
US$37.17
+7.2%
7.8%US$41.00US$34.00n/a6
Dec ’24US$31.70
US$34.00
+7.3%
3.8%US$36.00US$32.00n/a6
Nov ’24US$27.75
US$34.07
+22.8%
3.5%US$36.00US$32.00n/a7
Oct ’24US$26.56
US$34.64
+30.4%
2.0%US$36.00US$34.00n/a7
Sep ’24US$28.91
US$34.75
+20.2%
2.0%US$36.00US$34.00n/a6
Aug ’24US$30.95
US$33.58
+8.5%
3.9%US$35.00US$31.00n/a6
Jul ’24US$24.14
US$32.00
+32.6%
4.0%US$34.00US$30.00n/a6
Jun ’24US$24.19
US$32.17
+33.0%
3.3%US$34.00US$31.00n/a6
May ’24US$25.73
US$33.00
+28.3%
4.9%US$36.00US$31.00n/a6
Apr ’24US$27.22
US$37.50
+37.8%
3.4%US$39.00US$35.00US$31.816
Mar ’24US$31.07
US$37.83
+21.8%
1.8%US$39.00US$37.00US$30.116
Feb ’24US$32.50
US$38.33
+17.9%
4.4%US$42.00US$37.00US$31.206
Jan ’24US$32.08
US$41.67
+29.9%
3.0%US$44.00US$40.00US$34.666
Dec ’23US$34.39
US$42.00
+22.1%
3.1%US$44.00US$40.00US$31.706
Nov ’23US$35.30
US$43.17
+22.3%
3.1%US$45.00US$41.00US$27.756
Oct ’23US$31.97
US$44.50
+39.2%
2.2%US$46.00US$43.00US$26.566
Sep ’23US$35.15
US$45.50
+29.4%
3.8%US$49.00US$44.00US$28.916
Aug ’23US$38.17
US$44.83
+17.5%
6.0%US$49.00US$40.00US$30.956
Jul ’23US$36.27
US$44.80
+23.5%
4.8%US$48.00US$42.00US$24.145
Jun ’23US$38.12
US$45.20
+18.6%
4.3%US$48.00US$42.00US$24.195
May ’23US$36.04
US$48.00
+33.2%
8.0%US$53.00US$42.00US$25.735
Apr ’23US$38.61
US$49.80
+29.0%
4.3%US$53.00US$47.00US$27.225

Pronóstico de los analistas: El precio objetivo es más de un 20% superior al precio actual de la acción y los analistas están dentro de un rango de acuerdo estadísticamente seguro.


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