First Bancorp Inc., Lebanon operates as a bank holding company for The First Bank & Trust Company that provides various banking products and services in the United States.
The last earnings update was 111 days ago.
Discounted Cash Flow Calculation for OTCPK:FBLV using Excess Returns Model Model
The calculations below outline how an intrinsic value for First Bancorp Lebanon 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
First Bancorp Lebanon
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
First Bancorp Lebanon's
is considered below, and whether this is a fair price.
Price based on past earnings
First Bancorp Lebanon's earnings available for a low price, and how does
this compare to other companies in the same industry?
First Bancorp Lebanon's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if First Bancorp Lebanon 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.
First Bancorp Lebanon'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.
First Bancorp Lebanon
has a total score of
1/6, 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
First Bancorp Lebanon'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.
Mr. William H. Hayter has been the President and Chief Executive Officer of The First Bank & Trust Company since 1988 and since 1981 respectively. Mr. Hayter has been employed with The First Bank & Trust Company since 1979. He was employed by The Federal Land Bank, Baltimore, Md. since 1976 until 1979. He serves as a Director of The First Bank & Trust Company. He has been a Director of Virginia Economic Development Partnership since June 15, 2017.
Insufficient data for William to compare compensation growth.
Insufficient data for William to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
First Bancorp Inc., Lebanon operates as a bank holding company for The First Bank & Trust Company that provides various banking products and services in the United States. It offers checking accounts, money market accounts, savings, health savings, business, IOLTA, and individual retirement accounts, as well as certificates of deposit and teller remote deposits. The company’s lending products include residential construction, home equity, construction and recreational, agricultural, land, commercial and industrial, commercial real estate, municipal, business and industry, small business administration, home mortgage, and construction and renovation loans. It also provides retirement, life, and succession planning insurance products; financial planning, portfolio management, trust, brokerage, and long-term care planning services; convenience services; and credit card processing, cash management, payroll, and remote deposit capture services. The company operates through a network of 21 branches. First Bancorp Inc., Lebanon is headquartered in Lebanon, Virginia.
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