First Capital, Inc. (FCAP) vs Rhinebeck Bancorp, Inc. (RBKB)

First Capital, Inc. and Rhinebeck Bancorp, Inc. are both Banks Regional companies. First Capital, Inc. and Rhinebeck Bancorp, Inc. are of similar size ($204.5M and $200.9M). First Capital, Inc. trades at the lower P/E: 10.9× against 17.8×. Rhinebeck Bancorp, Inc. grew revenue faster over the last twelve months: 34.3% against 12.1%. First Capital, Inc. has the higher net margin (26.8% vs 13.0%) and the higher return on invested capital (0.00% vs 0.00%). Across the 18 metrics below, First Capital, Inc. leads on 11 and Rhinebeck Bancorp, Inc. on 7.

Valuation

Metric FCAP RBKB Banks Regional median
P/E 10.90 17.83 12.15
P/S 2.92 1.83 2.37
P/B 1.41 1.00 1.21
Price to free cash flow 9.26 10.42 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.22 (2.05) 2.27
Earnings yield 9.17% 5.61% 8.11%
Free cash flow yield 10.79% 9.60% 8.98%

Profitability

Metric FCAP RBKB Banks Regional median
Gross margin 79.17% 70.48% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.79% 12.99% 18.66%
Free cash flow margin 31.53% 17.56% 21.18%
Return on equity 13.88% 7.35% 10.64%
Return on assets 1.46% 0.72% 1.13%
Return on invested capital 0.00% 0.00% 8.33%

Growth

Metric FCAP RBKB Banks Regional median
Revenue growth (TTM) 12.14% 34.27% 6.61%
EPS growth (last fiscal year) 36.97% 215.01% —
Revenue growth, 5-year CAGR 11.30% 7.55% 12.30%
Net income growth, 5-year CAGR 10.07% 11.17% 9.71%

Health

Metric FCAP RBKB Banks Regional median
Debt to equity 0.00 0.07 0.22
Current ratio 0.72 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCAP RBKB Banks Regional median
Dividend yield 3.89% — 3.75%
Payout ratio 0.27 0.00 0.27

Size

Metric FCAP RBKB Banks Regional median
Market cap 204.52m 200.92m 921.07m

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