First Financial Corporation

NasdaqGS:THFF Stock Report

Market Cap: US$588.4m

First Financial Valuation

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

Below Fair Value: THFF ($50.24) is trading below our estimate of fair value ($146.28)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for THFF. This is calculated by dividing THFF's market cap by their current earnings.
What is THFF's PE Ratio?
PE Ratio13.7x
EarningsUS$43.45m
Market CapUS$588.41m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THFF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
MSBI Midland States Bancorp
11.7x15.0%US$586.2m
PGC Peapack-Gladstone Financial
19.8x35.6%US$634.7m
BHB Bar Harbor Bankshares
12.9x0.8%US$549.2m
GCBC Greene County Bancorp
21.8xn/aUS$537.9m
THFF First Financial
13.7x17.9%US$588.4m

Price-To-Earnings vs Peers: THFF is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does THFF'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
THFF 13.7xIndustry Avg. 13.3xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THFF is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the US Banks industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is THFF'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.

THFF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio14.7x

Price-To-Earnings vs Fair Ratio: THFF is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).

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 THFF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.24
US$46.50
-7.4%
1.1%US$47.00US$46.00n/a2
Nov ’25US$43.11
US$46.50
+7.9%
1.1%US$47.00US$46.00n/a2
Oct ’25US$42.05
US$46.50
+10.6%
5.4%US$49.00US$44.00n/a2
Sep ’25US$44.70
US$47.00
+5.1%
4.3%US$49.00US$45.00n/a2
Aug ’25US$43.27
US$47.00
+8.6%
4.3%US$49.00US$45.00n/a2
Jul ’25US$36.35
US$42.50
+16.9%
1.2%US$43.00US$42.00n/a2
Jun ’25US$37.04
US$42.50
+14.7%
1.2%US$43.00US$42.00n/a2
May ’25US$36.42
US$42.50
+16.7%
1.2%US$43.00US$42.00n/a2
Apr ’25US$37.29
US$43.50
+16.7%
3.4%US$45.00US$42.00n/a2
Mar ’25US$36.89
US$43.50
+17.9%
3.4%US$45.00US$42.00n/a2
Feb ’25US$38.83
US$43.00
+10.7%
4.7%US$45.00US$41.00n/a2
Jan ’25US$43.03
US$42.00
-2.4%
2.4%US$43.00US$41.00n/a2
Dec ’24US$39.78
US$42.00
+5.6%
2.4%US$43.00US$41.00n/a2
Nov ’24US$34.45
US$41.50
+20.5%
3.6%US$43.00US$40.00US$43.112
Oct ’24US$33.81
US$41.50
+22.7%
3.6%US$43.00US$40.00US$42.052
Sep ’24US$37.49
US$41.50
+10.7%
3.6%US$43.00US$40.00US$44.702
Aug ’24US$38.41
US$39.00
+1.5%
2.6%US$40.00US$38.00US$43.272
Jul ’24US$32.47
US$40.00
+23.2%
5.0%US$42.00US$38.00US$36.352
Jun ’24US$33.05
US$40.00
+21.0%
5.0%US$42.00US$38.00US$37.042
May ’24US$34.35
US$46.00
+33.9%
8.7%US$50.00US$42.00US$36.422
Apr ’24US$37.48
US$49.50
+32.1%
1.0%US$50.00US$49.00US$37.292
Mar ’24US$43.97
US$49.50
+12.6%
1.0%US$50.00US$49.00US$36.892
Feb ’24US$44.42
US$51.00
+14.8%
2.0%US$52.00US$50.00US$38.832
Jan ’24US$46.08
US$51.00
+10.7%
2.0%US$52.00US$50.00US$43.032
Dec ’23US$48.32
US$51.00
+5.5%
2.0%US$52.00US$50.00US$39.782
Nov ’23US$48.53
US$51.00
+5.1%
2.0%US$52.00US$50.00US$34.452

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

Discover undervalued companies

UniCredit

€55.9b

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

UNCF.F

€38.11

7D

-9.6%

1Y

39.0%

National Bank of Greece

€6.3b

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

NBGI.F

€7.36

7D

0.8%

1Y

8.9%

Grupo Financiero Banorte. de

Mex$402.5b

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

GBOO.F

Mex$7.00

7D

-2.2%

1Y

-24.9%