California BanCorp.

NasdaqCM:BCAL Stock Report

Market Cap: US$576.4m

California BanCorp Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 BCAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BCAL ($17.92) is trading below our estimate of fair value ($18.08)

Significantly Below Fair Value: BCAL is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As BCAL is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for BCAL. This is calculated by dividing BCAL's market cap by their current book value.
What is BCAL's PB Ratio?
PB Ratio1.2x
BookUS$498.06m
Market CapUS$576.40m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for BCAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.1x
MPB Mid Penn Bancorp
1.1x19.4%US$620.2m
FMNB Farmers National Banc
1.3x12.4%US$588.2m
SBNC Southern BancShares (N.C.)
1.1xn/aUS$551.2m
CCNE CNB Financial
1.1x9.8%US$580.8m
BCAL California BanCorp
1.2x106.7%US$576.4m

Price-To-Book vs Peers: BCAL is expensive based on its Price-To-Book Ratio (1.2x) compared to the peer average (1.1x).

Price to Book Ratio vs Industry

How does BCAL's PB Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
FRCB First Republic Bank
0.002xn/aUS$27.98m
SBNY Signature Bank
0.0003xn/aUS$2.18m
BKES.F Banco Espírito Santo
n/an/aUS$56.01k
BCBH.F Caribbean Investment Holdings
n/an/aUS$132.00
No more companies available in this PB range
BCAL 1.2xIndustry Avg. 1.0xNo. of Companies129PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: BCAL is expensive based on its Price-To-Book Ratio (1.2x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

What is BCAL'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.

BCAL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BCAL'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?

The above table shows the analyst BCAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.92
US$17.67
-1.4%
2.7%US$18.00US$17.00n/a3
Nov ’25US$14.62
US$17.67
+20.8%
2.7%US$18.00US$17.00n/a3
Oct ’25US$14.55
US$18.17
+24.9%
5.7%US$19.50US$17.00n/a3
Sep ’25US$14.98
US$18.50
+23.5%
5.8%US$19.50US$17.00n/a3
Aug ’25US$15.71
US$18.50
+17.8%
5.8%US$19.50US$17.00n/a3
Jul ’25US$13.59
US$18.25
+34.3%
6.8%US$19.50US$17.00n/a2
Jun ’25US$13.92
US$18.25
+31.1%
6.8%US$19.50US$17.00n/a2
May ’25US$13.91
US$18.25
+31.2%
6.8%US$19.50US$17.00n/a2
Apr ’25US$14.65
US$20.50
+39.9%
12.2%US$23.00US$18.00n/a2
Mar ’25US$15.17
US$20.50
+35.1%
12.2%US$23.00US$18.00n/a2
Feb ’25US$16.08
US$20.50
+27.5%
12.2%US$23.00US$18.00n/a2
Jan ’25US$17.35
US$19.00
+9.5%
5.3%US$20.00US$18.00n/a2

Analyst Forecast: Target price is lower than the current share price.

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