BayFirst Financial Corp. (BAFN) vs CB Financial Services, Inc. (CBFV)

BayFirst Financial Corp. and CB Financial Services, Inc. are both Banks Regional companies. BayFirst Financial Corp. and CB Financial Services, Inc. are of similar size ($192.0M and $188.6M). BayFirst Financial Corp. has negative trailing earnings, so its P/E is not meaningful; CB Financial Services, Inc. trades at 25.9×. CB Financial Services, Inc. grew revenue faster over the last twelve months: −9.38% against −50.1%. CB Financial Services, Inc. has the higher net margin (9.90% vs −86.9%) and the higher return on invested capital (4.10% vs 0.00%). Both pay a dividend; CB Financial Services, Inc. yields more (4.50% vs 2.52%). Across the 18 metrics below, CB Financial Services, Inc. leads on 10 and BayFirst Financial Corp. on 8.

Valuation

Metric BAFN CBFV Banks Regional median
P/E n/m 25.91 12.15
P/S 0.40 2.58 2.37
P/B 1.09 1.16 1.21
Price to free cash flow 0.20 9.60 10.80
EV/EBITDA n/m n/m —
EV/Sales (1.49) 2.01 2.27
Earnings yield (218.82%) 3.86% 8.11%
Free cash flow yield 512.56% 10.41% 8.98%

Profitability

Metric BAFN CBFV Banks Regional median
Gross margin 49.73% 66.30% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (86.85%) 9.90% 18.66%
Free cash flow margin 205.06% 26.86% 21.18%
Return on equity (102.63%) 4.65% 10.64%
Return on assets (4.89%) 0.45% 1.13%
Return on invested capital 0.00% 4.10% 8.33%

Growth

Metric BAFN CBFV Banks Regional median
Revenue growth (TTM) (50.13%) (9.38%) 6.61%
EPS growth (last fiscal year) (326.34%) (61.34%) —
Revenue growth, 5-year CAGR (5.93%) 3.83% 12.30%
Net income growth, 5-year CAGR 0.00% 0.00% 9.71%

Health

Metric BAFN CBFV Banks Regional median
Debt to equity 0.06 0.21 0.22
Current ratio 0.98 0.85 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BAFN CBFV Banks Regional median
Dividend yield 2.52% 4.50% 3.75%
Payout ratio 0.19 0.34 0.27

Size

Metric BAFN CBFV Banks Regional median
Market cap 191.98m 188.58m 921.07m

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