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Primis Financial (Primis Financial) Enterprise Value : $365.5 Mil (As of Apr. 25, 2024)


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What is Primis Financial Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Primis Financial's Enterprise Value is $365.5 Mil. Primis Financial's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $150.9 Mil. Therefore, Primis Financial's EV-to-Revenue ratio for today is 2.42.


Primis Financial Enterprise Value Historical Data

The historical data trend for Primis Financial's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Primis Financial Enterprise Value Chart

Primis Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 550.23 322.49 40.96 640.68 414.11

Primis Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 640.68 -264.23 214.02 202.86 414.11

Competitive Comparison of Primis Financial's Enterprise Value

For the Banks - Regional subindustry, Primis Financial's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Primis Financial's Enterprise Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Primis Financial's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Primis Financial's Enterprise Value falls into.



Primis Financial Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Primis Financial's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

Primis Financial's Enterprise Value for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Primis Financial  (NAS:FRST) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Primis Financial's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=365.461/150.888
=2.42

Primis Financial's current Enterprise Value is $365.5 Mil.
Primis Financial's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $150.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Primis Financial Enterprise Value Related Terms

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Primis Financial (Primis Financial) Business Description

Traded in Other Exchanges
Address
6830 Old Dominion Drive, McLean, VA, USA, 22101
Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.
Executives
Rickey Allen Fulk officer: EVP, President 1194 ELSOM MASCOT ROAD, MATTAPONI VA 23110
Charles A Kabbash director 308 EAST MARKET ST., CHARLOTTESVILLE VA 22902
Clinton Tyler Stafford officer: Pres Panacea Financial 4612 CLUB ROAD, LITTLE ROCK AR 72207
Susan B Williamson officer: EVP, Director of Reg Relations 32482 JENKINS MILL ROAD, FRANKLIN VA 23851
William Rand Cook director 4459 CROWN HILL ROAD, MECHANICSVILLE VA 23111
Robert Yates Clagett director 17017 RIVER AIRPORT ROAD, BRANDYWINE MD 20613
Eric Alan Johnson director P O BOX 517, URBANNA VA 23175
Matthew Alan Switzer officer: EVP, CFO 6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Jones Allen R Jr. director 304 MARCELLA ROAD, SUITE E, HAMPTON VA 23666
Garrett F L Iii director 268 CATHCHPENNY LANE, BOWLERS WHARF VA 22560
John Fitzgerald Biagas director 627 36TH STREET, NEWPORT NEWS VA 23607
Ann-stanton C Gore officer: EVP, Chief Marketing Officer 1700 WOODLAKE DRIVE, COLUMBIA SC 29206
Barry P Almond officer: EVP, Head of Retail/Marketing 14319 NICOLAY WAY, MIDLOTHIAN VA 23114
Deborah Diaz director 6830 OLD DOMINION DRIVE, MCLEAN VA 22101
Julia E Fredricks officer: EVP, Chief Risk Officer 11032 SLENDERLEAF DRIVE, GLEN ALLEN VA 23060