Middlefield Banc Corp.

NasdaqCM:MBCN Stock Report

Market Cap: US$208.8m

Middlefield Banc Valuation

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

Below Fair Value: MBCN ($26.23) is trading below our estimate of fair value ($34)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MBCN 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 Ratio-1.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MBCN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
TRUX Truxton
11.8xn/aUS$197.5m
BWFG Bankwell Financial Group
10.1x21.1%US$222.0m
OVLY Oak Valley Bancorp
8.7xn/aUS$206.3m
COSO CoastalSouth Bancshares
10.4xn/aUS$212.7m
MBCN Middlefield Banc
13.5x-8.0%US$208.8m

Price-To-Earnings vs Peers: MBCN is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MBCN is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the US Banks industry average (11.3x).


Price to Earnings Ratio vs Fair Ratio

What is MBCN'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.

MBCN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio10.3x

Price-To-Earnings vs Fair Ratio: MBCN is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.3x).


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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