Northeast Indiana Bancorp, Inc.

OTCPK:NIDB Stock Report

Market Cap: US$43.1m

Northeast Indiana Bancorp Valuation

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

Below Fair Value: NIDB ($17.92) is trading below our estimate of fair value ($47.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NIDB. This is calculated by dividing NIDB's market cap by their current earnings.
What is NIDB's PE Ratio?
PE Ratio10.6x
EarningsUS$4.07m
Market CapUS$43.06m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NIDB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.6x
MIFF Mifflinburg Bancorp
9.9xn/aUS$41.5m
ESBS ES Bancshares
60.5xn/aUS$42.8m
FMFG Farmers and Merchants Bancshares
9.8xn/aUS$46.7m
FFWC FFW
10.2xn/aUS$45.2m
NIDB Northeast Indiana Bancorp
10.6xn/aUS$43.1m

Price-To-Earnings vs Peers: NIDB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (22.6x).

Price to Earnings Ratio vs Industry

How does NIDB'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
NIDB 10.6xIndustry Avg. 13.3xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIDB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the US Banks industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is NIDB'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.

NIDB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NIDB'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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