First Northwest Bancorp

NasdaqGM:FNWB Stock Report

Market Cap: US$101.7m

First Northwest Bancorp Valuation

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

Below Fair Value: FNWB ($11.57) is trading below our estimate of fair value ($23.7)

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

Key Valuation Metric

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

Key metric: As FNWB 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 FNWB. This is calculated by dividing FNWB's market cap by their current book value.
What is FNWB's PB Ratio?
PB Ratio0.6x
BookUS$160.79m
Market CapUS$101.73m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for FNWB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1x
FKYS First Keystone
0.9xn/aUS$97.9m
RBKB Rhinebeck Bancorp
0.9xn/aUS$105.5m
TRBK Traditions Bancorp
1.4xn/aUS$97.2m
AUBN Auburn National Bancorporation
1xn/aUS$80.0m
FNWB First Northwest Bancorp
0.6x114.8%US$101.7m

Price-To-Book vs Peers: FNWB is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (1x).

Price to Book Ratio vs Industry

How does FNWB'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
FNWB 0.6xIndustry Avg. 1.0xNo. of Companies128PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FNWB is good value based on its Price-To-Book Ratio (0.6x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

What is FNWB'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.

FNWB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FNWB'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.

Discover undervalued companies

Grupo Financiero Banorte. de

Mex$397.4b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

GBOO.F

Mex$6.50

7D

-7.8%

1Y

-28.9%

UniCredit

€55.2b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

UNCF.F

€37.83

7D

-8.0%

1Y

37.3%

National Bank of Greece

€6.4b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

NBGI.F

€7.25

7D

-4.6%

1Y

7.4%