Crystal Valley Financial Corporation operates as the holding company for First State Bank that provides various personal and business banking products and services in Northern Indiana.
The last earnings update was 61 days ago.
Discounted Cash Flow Calculation for OTCPK:CYVF using Excess Returns Model Model
The calculations below outline how an intrinsic value for Crystal Valley Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
The current share price of
Crystal Valley Financial
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Crystal Valley Financial's
is considered below, and whether this is a fair price.
Price based on past earnings
Crystal Valley Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
Crystal Valley Financial's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Crystal Valley Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Crystal Valley Financial's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Crystal Valley Financial
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Fundamentally a bank's business is based upon borrowing and lending money, for
this reason they typically have high levels of debt and we analyse them
This treemap shows a more detailed breakdown of
Crystal Valley Financial's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. D. Joe Caffee serves as President, Chief Executive Officer and Director at Crystal Valley Financial Corporation and First State Bank of Middlebury. Raised as a farm boy and trained to be an educator, D. Joe Caffee began his banking career in 2001. He had been working as a Credit Analyst at a Community Bank for three months. Following that inspiring training, he spent 13 years advancing from Consumer Lender to Chief Lender and a Board of Directors seat. He came to Michiana in 2014 as President and CEO of First State Bank of Middlebury and hasn’t looked back. He is passionate about community banking and loves to make a positive difference in the communities where First State Bank does business.
Insufficient data for D. to compare compensation growth.
Insufficient data for D. to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Senior VP & CFO
VP & Controller
Board of Directors Tenure
Average tenure of the
Crystal Valley Financial
board of directors in years:
The average tenure for the Crystal Valley Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Crystal Valley Financial Corporation operates as the holding company for First State Bank that provides various personal and business banking products and services in Northern Indiana. Its deposits products include checking, savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. The company also provides auto, home, personal, mortgage, construction, and home equity loans; and commercial loans and lines, term loans, lines of credit, agricultural loans, commercial real estate, letters of credit, and small business administration loans. In addition, it offers trust, wealth management, and investment services; and various insurance services, including automobile, homeowners, renters/tenants, mobile home coverage, agriculture, general liability, property, workmen’s compensation, life, and health insurance. Further, the company offers credit cards, telephone banking, reorder checks, merchant card, cash management, remote deposit, online and mobile banking, and bill payment services. It serves customers through a network of six offices located in Elkhart and St. Joseph counties of Northern Indiana. Crystal Valley Financial Corporation was founded in 1910 and is based in Middlebury, Indiana.
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