1ST SUMMIT BANCORP of Johnstown Valuation

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

Below Fair Value: FSMK ($27.78) is trading below our estimate of fair value ($78.3)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FSMK. This is calculated by dividing FSMK's market cap by their current earnings.
What is FSMK's PE Ratio?
PE Ratio	22.7x
Earnings	US$2.65m
Market Cap	US$60.06m

FSMK 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FSMK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	16.7x
CPBI Central Plains Bancshares	16.1x	n/a	US$60.0m
FFBW FFBW	30.9x	n/a	US$62.5m
USMT US Metro Bancorp	7.9x	n/a	US$62.8m
FABP Farmers Bancorp (Frankfort IN)	12x	n/a	US$63.2m
FSMK 1ST SUMMIT BANCORP of Johnstown	22.7x	n/a	US$60.1m

Price-To-Earnings vs Peers: FSMK is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

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

4 Companies	Price / Earnings	Estimated Growth	Market Cap
FRCB First Republic Bank	0.02x	n/a	US$27.98m
BKGM BankGuam Holding	1x	n/a	US$18.48m
SBNY Signature Bank	0.002x	n/a	US$2.18m
BCBH.F Caribbean Investment Holdings	0.00001x	n/a	US$132.00

No more companies available in this PE range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FSMK is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is FSMK'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.

FSMK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FSMK's Price-To-Earnings 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.

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