1st Constitution Bancorp (1st Constitution Bancorp) Intrinsic Value: Projected FCF : $41.82 (As of May. 14, 2024)

View and export this data going back to 1999. Start your Free Trial

What is 1st Constitution Bancorp Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-14), 1st Constitution Bancorp's Intrinsic Value: Projected FCF is $41.82. The stock price of 1st Constitution Bancorp is $27.79. Therefore, 1st Constitution Bancorp's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for 1st Constitution Bancorp's Intrinsic Value: Projected FCF or its related term are showing as below:

FCCY' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.29 Med: 0.55 Max: 1.24
Current: 0.66

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of 1st Constitution Bancorp was 1.24. The lowest was 0.29. And the median was 0.55.

FCCY's Price-to-Projected-FCF is not ranked
in the Banks industry.
Industry Median: 0.45 vs FCCY: 0.66

1st Constitution Bancorp Intrinsic Value: Projected FCF Historical Data

The historical data trend for 1st Constitution Bancorp's Intrinsic Value: Projected FCF 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.

1st Constitution Bancorp Intrinsic Value: Projected FCF Chart

1st Constitution Bancorp Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Intrinsic Value: Projected FCF

Get a 7-Day Free Trial

24.01

25.25

30.27

30.58

28.99

1st Constitution Bancorp Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															25.41	28.99	33.45	35.96	41.82

Competitive Comparison of 1st Constitution Bancorp's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, 1st Constitution Bancorp's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.

1st Constitution Bancorp's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Constitution Bancorp's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where 1st Constitution Bancorp's Price-to-Projected-FCF falls into.

1st Constitution Bancorp Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)

Add all the Free Cash Flow together and divide 6 will get 1st Constitution Bancorp's Free Cash Flow(6 year avg) = $21.99.

1st Constitution Bancorp's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF	=	(Growth Multiple	*	Free Cash Flow (6 year avg)	+	Total Stockholders Equity (Sep21)	*	0.8)	/	Shares Outstanding (Diluted Average)
	=	(12.352161231452	*	21.99424	+	199.923	*	0.8)	/	10.320
	=	41.82

1st Constitution Bancorp (NAS:FCCY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

1st Constitution Bancorp's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF	=	Share Price	/	Intrinsic Value: Projected FCF
	=	27.79	/	41.823139403417
	=	0.66

1st Constitution Bancorp Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of 1st Constitution Bancorp's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.

1st Constitution Bancorp (1st Constitution Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Constitution Bancorp (NAS:FCCY) » Definitions » Intrinsic Value: Projected FCF

Comparable Companies

Traded in Other Exchanges

N/A

Address

2650 Route 130, P.O. Box 634, Cranbury, NJ, USA, 08512

Website

https://www.1stconstitution.com

1st Constitution Bancorp is a United States-based bank holding company. Through its subsidiaries, it provides commercial and retail banking. It mainly provides its services to individuals, families, institutions, and small businesses in central and coastal New Jersey and the Fort Lee area of Bergen County. Its loan portfolio segment includes residential real estate loans, home equity loans, and other loans to individuals. It operates in a single segment, which is Community Banking.

Executives

Crow Charles S Iii	director
Naqi A Naqvi	officer: Senior VP and CAO	23 GREEN RIDGE MANALAPAN NJ 07726
John T Andreacio	officer: Chief Lending Officer and EVP	KNBT BANCORP, INC. 90 HIGHLAND AVENUE BETHLEHEM PA 18017
Stephen J Gilhooly	officer: SVP, CFO and Treasurer	1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Carmen M Penta	director	C/O 1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Edwin J Pisani	director	C/O 1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
William M Rue	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
William James Barrett	director	C/O 1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Roy D Tartaglia	director	C/O 1ST CONSTITUTION BANK 2650 ROUTE 130 CRANBURY NJ 08512
James G Aaron	director	C/O 1ST CONSTITUTION BANK 2650 ROUTE 130 CRANBURY NJ 08512
J. Lynne Cannon	director	1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Antonio L. Cruz	director	1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Raymond R. Ciccone	director	C/O 1ST CONSTITUTION BANCORP 2650 ROUTE 130 CRANBURY NJ 08512
Robert F Mangano	director, officer: President and CEO	C/O 1ST CONSTITUTION BANCORP, 2650 ROUTE 130, CRANBURY NJ 08512
Walsh Frank E. Iii	director	330 SOUTH STREET, SUITE 4, MORRISTOWN NJ 07960