First Guaranty Bancshares, Inc.

NasdaqGM:FGBI Stock Report

Market Cap: US$182.6m

First Guaranty Bancshares Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FGBI ($14.13) is trading below our estimate of fair value ($32.91)

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


Key Valuation Metric

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

Key metric: As FGBI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FGBI. This is calculated by dividing FGBI's market cap by their current earnings.
What is FGBI's PE Ratio?
PE Ratio17x
EarningsUS$10.41m
Market CapUS$182.57m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FGBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
EXSR Exchange Bank (Santa Rosa CA)
15xn/aUS$195.3m
CFBK CF Bankshares
14.4xn/aUS$181.6m
ISBA Isabella Bank
13.5x19.9%US$184.7m
WNEB Western New England Bancorp
17.9x8.3%US$194.9m
FGBI First Guaranty Bancshares
17x1.2%US$182.6m

Price-To-Earnings vs Peers: FGBI is expensive based on its Price-To-Earnings Ratio (17x) compared to the peer average (15.2x).


Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
FGBI 17.0xIndustry Avg. 13.1xNo. of Companies78PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FGBI is expensive based on its Price-To-Earnings Ratio (17x) compared to the US Banks industry average (13.1x).


Price to Earnings Ratio vs Fair Ratio

What is FGBI'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.

FGBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ratio10.6x

Price-To-Earnings vs Fair Ratio: FGBI is expensive based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (10.6x).


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.


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