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National Bankshares Intrinsic Value: Projected FCF

: $49.29 (As of Today)
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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 (2022-08-09), National Bankshares's Intrinsic Value: Projected FCF is $49.29. The stock price of National Bankshares is $33.25. Therefore, National Bankshares's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for National Bankshares's Intrinsic Value: Projected FCF or its related term are showing as below:

NKSH' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.5   Med: 0.76   Max: 1.76
Current: 0.67

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of National Bankshares was 1.76. The lowest was 0.50. And the median was 0.76.

NKSH's Price-to-Projected-FCF is ranked worse than
66.36% of 1177 companies
in the Banks industry
Industry Median: 0.52 vs NKSH: 0.67

National Bankshares Intrinsic Value: Projected FCF Historical Data

The historical data trend for National Bankshares'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.

National Bankshares Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.84 47.48 48.32 48.57 52.58

National Bankshares Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Intrinsic Value: Projected FCF 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 Premium Member Only Premium Member Only Premium Member Only 49.37 51.29 52.58 49.29 -

Competitive Comparison

For the Banks - Regional subindustry, National Bankshares's Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: 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.

   

National Bankshares Intrinsic Value: Projected FCF Distribution

For the Banks industry and Financial Services sector, National Bankshares's Intrinsic Value: Projected FCF distribution charts can be found below:

* The bar in red indicates where National Bankshares's Intrinsic Value: Projected FCF falls into.



National Bankshares 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 National Bankshares's Free Cash Flow(6 year avg) = $15.74.

National Bankshares'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 (Jun22)*0.8)/Shares Outstanding (Diluted Average)
=(10.056836766857*15.74224+136.24*0.8)/6.004
=44.52

* 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.


National Bankshares  (NAS:NKSH) 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.

National Bankshares's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=33.25/44.521841776263
=0.75

* 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.


National Bankshares Intrinsic Value: Projected FCF Related Terms

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


National Bankshares Business Description

National Bankshares logo
Traded in Other Exchanges
Address
101 Hubbard Street, Blacksburg, VA, USA, 24062-9002
National Bankshares Inc is a bank holding company of National Bank of Blacksburg, offering a range of financial products and services, including deposit accounts, commercial, consumer, and mortgage loans, credit cards, and trust services. The bank focuses on lending to small and mid-sized businesses and individuals. The types of loans it offers include commercial and agricultural, commercial real estate, construction for commercial and residential properties, residential real estate, home equity, and various consumer loan products. It also operates an insurance and brokerage subsidiary, National Bankshares Financial Services, Inc. The company earns its revenues from interest and fees on loans, non-interest income, and investments.
Executives
Sanders Bobby D. Ii officer: SVP/Chief Credit Officer 1735 TURNBERRY LANE RINER VA 24149
Jones Lora M. officer: SVP/Chief Financial Officer 301 NEIL STREET BLACKSBURG VA 24060
Melton Rebecca M officer: SVP/Chief Credit Officer 260 REVOLUTION CIRCLE CHRISTIANSBURG VA 24073
Smith Mark Atom officer: SVP/Chief Credit Officer 5426 DOE RUN ROAD ROANOKE VA 24018
Mylum Paul M. officer: SVP/Chief Lending Officer 8537 WHISTLING STRAIGHTS DRIVE RADFORD VA 24141
Webb Julian Lewis Jr director 700 CAVE STREET NARROWS VA 24124
Ramsey Lara E other: Corporate Secretary 7479 BLUFF VIEW DRIVE RADFORD VA 24141
Thompson James Carroll director PO BOX 298 TAZEWLL VA 24651
Dye Michael E director PO BOX 346 BLUEFIELD VA 24605
Fitzwater Norman V Iii director 113 MATEER CIRCLE BLACKSBURG VA 24060
Johnson Mildred R director 914 WILLARD DRIVE BLACKSBURG VA 24060
Dooley John Elliott director 2131 PLANK DRIVE BLACKSBURG VA 24060
Green Charles E Iii director 15519 LOOKOUT RIDGE BRISTOL VA 24202
Skeens David K. officer: Treasurer 2130 CHILDRESS ROAD CHRISTIANSBURG VA 24073
Buchanan J. Robert officer: Treasurer 2248 UPPER VALLEY ROAD TAZEWELL VA 24651

National Bankshares Headlines

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