Company Valuation: First Business Financial Services, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 244.7 308.2 333.4 384 452 580.1 -
Change - 25.91% 8.2% 15.16% 17.72% 28.34% -
Enterprise Value (EV) 244.7 308.2 333.4 384 452 580.1 580.1
Change - 25.91% 8.2% 15.16% 17.72% 28.34% 0%
P/E 7x 7.69x 9.26x 8.9x 9.14x 10.5x 10x
PBR 1.06x 1.23x 1.2x 1.21x 1.26x 1.43x 1.29x
PEG - 0.6x -1.05x 0.4x 0.6x 0.9x 2.05x
Capitalization / Revenue 2.17x 2.43x 2.32x 2.5x 2.68x 3.13x 2.93x
EV / Revenue 0x 0x 0x 0x 0x 3.13x 2.93x
EV / EBITDA - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 7.62x 7.02x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.72 0.79 0.91 1 1.16 1.36 1.422
Rate of return 2.47% 2.16% 2.27% 2.16% 2.14% 1.96% 2.05%
EPS 2 4.17 4.75 4.33 5.2 5.94 6.604 6.926
Distribution rate 17.3% 16.6% 21% 19.2% 19.5% 20.6% 20.5%
Net sales 1 112.8 127 143.9 153.5 168.4 185.3 198.2
EBITDA - - - - - - -
EBIT 1 41.23 47.89 56.15 60.45 69.41 76.17 82.67
Net income 1 35.76 40.18 36.15 43.37 49.44 54.87 57.68
Net Debt - - - - - - -
Reference price 2 29.17 36.55 40.10 46.29 54.30 69.32 69.32
Nbr of stocks (in thousands) 8,390 8,431 8,315 8,295 8,324 8,368 -
Announcement Date 27/01/22 26/01/23 25/01/24 30/01/25 29/01/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.5x - - 1.96% 580M
6.63x - - 4.78% 350B
16.6x - - 1.02% 100B
15.29x - - 4.39% 80.26B
7.68x - - 6.55% 62.17B
5.08x - - 5.96% 56.35B
16.84x - - 3.19% 46.88B
12.93x - - 5.45% 43.38B
9.02x - - 4.77% 40.44B
10.97x - - 3.72% 37.23B
Average 11.15x 4.18% 81.8B
Weighted average by Cap. 9.91x 4.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. FBIZ Stock
  4. Valuation First Business Financial Services, Inc.