Patriot National Bancorp Valuation

Q: What is the Fair Price of PN21 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PN21 (€1.59) is trading below our estimate of [[fair value]] (€6.41)

Is PN21 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PN21 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PN21 (€1.59) is trading below our estimate of fair value (€6.41)

Significantly Below Fair Value: PN21 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PN21?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PN21. This is calculated by dividing PN21's market cap by their current preferred multiple.
What is PN21's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$7.00m

PN21 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does PN21's PB Ratio compare to its peers?

The above table shows the PB ratio for PN21 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	216.9x
FMBN Farmers & Merchants Bancshares (Burlington IA)	865.9x	n/a	US$6.7m
KUZB Kuznetsky Bank	0.6x	n/a	₽388.2m
TDCB Third Century Bancorp	1x	n/a	US$8.5m
HSPG Høland og Setskog Sparebank	0.09x	50.6%	NOK 84.6m
PN21 Patriot National Bancorp	0.2x	n/a	€7.4m

Price-To-Book vs Peers: PN21 is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (289x).

Price to Earnings Ratio vs Industry

How does PN21's PE Ratio compare vs other companies in the European Banks Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	0.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	0.4%
	n/a	n/a	n/a

No more companies

Price-To-Book vs Industry: PN21 is good value based on its Price-To-Book Ratio (0.2x) compared to the European Banks industry average (0.8x).

Price to Book Ratio vs Fair Ratio

What is PN21's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PN21 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PN21's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.