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Patriot National Bancorp (Patriot National Bancorp) Intrinsic Value: Projected FCF : $10.12 (As of Apr. 27, 2024)


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What is Patriot National 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 (2024-04-27), Patriot National Bancorp's Intrinsic Value: Projected FCF is $10.12. The stock price of Patriot National Bancorp is $3.385. Therefore, Patriot National Bancorp's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

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

PNBK' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.34   Med: 0.81   Max: 2.99
Current: 0.34

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Patriot National Bancorp was 2.99. The lowest was 0.34. And the median was 0.81.

PNBK's Price-to-Projected-FCF is ranked better than
67.02% of 1213 companies
in the Banks industry
Industry Median: 0.44 vs PNBK: 0.34

Patriot National Bancorp Intrinsic Value: Projected FCF Historical Data

The historical data trend for Patriot National 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.

Patriot National Bancorp Intrinsic Value: Projected FCF Chart

Patriot National Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.67 20.72 18.44 17.90 10.12

Patriot National Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF 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 17.90 17.00 18.23 10.18 10.12

Competitive Comparison of Patriot National Bancorp's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, Patriot National 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.


Patriot National Bancorp's Price-to-Projected-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Patriot National Bancorp's Price-to-Projected-FCF falls into.



Patriot National 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 Patriot National Bancorp's Free Cash Flow(6 year avg) = $0.49.

Patriot National 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 (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*0.4864+44.383*0.8)/3.966
=10.12

* 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.


Patriot National Bancorp  (NAS:PNBK) 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.

Patriot National 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
=3.385/10.120297280957
=0.33

* 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.


Patriot National Bancorp Intrinsic Value: Projected FCF Related Terms

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Patriot National Bancorp (Patriot National Bancorp) Business Description

Traded in Other Exchanges
Address
900 Bedford Street, Stamford, CT, USA, 06901
Patriot National Bancorp Inc is the holding company for Patriot Bank NA, that provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.
Executives
Grace Doherty director 125 THACHER ST., MILTON MA 02186
Thomas E. Slater officer: EVP & Chief Credit Officer 2 DIXON TERRACE, KINNELON NJ 07405
Alfred Jr. Botta officer: EVP & Chief Payment Officer C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David Christopher Lowery officer: EVP & Chief Lending Officer C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Karen Rojeski officer: EVP & Chief Credit Officer 99 PARK AVENUE, NEW YORK NY 10016
Steven Brian Grunblatt officer: EVP & Chief Information Office C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Gregory P. Ho other: (1) and (2) C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I G.p., Llc other: (1) and (2) C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I, Lp 10 percent owner, other: (1) and (2) 65 EAST 55TH STREET, 33RD FLOOR, NEW YORK NY 10022
John Steffens other: (1) and (2) C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487
Robert Glenn Russell officer: President & CEO 1902 LONG HILL ROAD, MILLINGTON NJ 07946
Frederick Staudmyer officer: EVP and Chief HR Officer C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Brent M Ciurlino director C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David W Christiansen officer: EVP, Chief Credit Officer 900 BEDFORD STREET, STAMFORD CT 06901
Samuel S Davis officer: EVP and Chief Credit Officer C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901