Commercial Bancgroup, Inc. Common Stock (CBK)

Industry: Banks Sector: Financial Services Currency Used: US Live Price: $25.56

Enterprise Value

Metric	MRQ	MRQ-1	2025	2024
Stock Price	24.00	24.00	24.00	24.00
Market Capitalization	293.75M	316.18M	308.70M	304.68M
(-) Cash & Equivalents	122.95M	108.50M	114.88M	33.61M
(+) Total Debt	157.20M	148.51M	138.27M	25.91M
Enterprise Value	328.01M	356.19M	332.09M	296.98M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31
Revenue	133M	—	133M	112M
Cost of Revenue	44M	—	47M	34M
Gross Profit	89M	—	86M	78M
Gross Profit Margin	67.2%	—	64.4%	69.9%
R&D Expenses	0M	—	0M	0M
SG&A Expenses	26M	—	26M	22M
Operating Expenses	45M	—	45M	39M
Operating Income (EBIT)	44M	—	41M	40M
Operating Income Margin	33.0%	—	30.4%	35.4%
Interest Income	123M	—	123M	103M
Interest Expense	44M	—	46M	31M
Net Interest Income	79M	—	78M	72M
Unusual Items	-79M	—	-78M	-72M
EBT Excluding Unusual Items	123M	—	118M	112M
Pre-Tax Income	44M	—	41M	40M
Pre-Tax Margin	33.0%	—	30.4%	35.4%
Income Tax Expense	11M	—	9M	8M
Net Income	33M	—	31M	31M
Net Income Margin	24.6%	—	23.6%	27.4%
Depreciation & Amortization	3M	—	5M	4M
EBITDA	47M	—	45M	43M
EBITDA Margin	35.2%	—	33.9%	38.5%
NOPAT	33M	—	32M	31M
NOPAT Margin	24.6%	—	23.8%	27.8%
Owner's Earnings	33M	—	33M	31M
Owner's Earnings Margin	25.2%	—	24.7%	27.7%
EPS (Basic)	2.58	—	2.58	2.52
EPS (Diluted)	2.54	—	2.54	2.51
Shares (Basic)	13M	—	12M	12M
Shares (Diluted)	13M	—	12M	12M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31
Cash & Cash Equivalents	122.95M	108.50M	134.46M	145.08M
Short-Term Investments	73.15M	90.86M	99.82M	52.04M
Cash & Short-Term Investments	196.09M	199.36M	234.28M	197.12M
Net Receivables	7.10M	7.08M	7.19M	8.24M
Inventory	0.00M	0.00M	0.00M	0.00M
Other Current Assets	0.00M	0.00M	0.00M	0.00M
Total Current Assets	203.19M	206.45M	241.47M	205.36M
Property, Plant & Equipment	50.27M	50.34M	50.29M	52.26M
Goodwill	8.51M	8.51M	8.51M	8.51M
Intangible Assets	4.64M	5.03M	5.43M	7.63M
Long-Term Investments	1,837.58M	1,870.23M	1,865.12M	1,828.48M
Tax Assets	1.43M	1.03M	1.08M	0.15M
Other Non-Current Assets	108.80M	120.92M	129.31M	94.21M
Other Assets	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	2,011.22M	2,056.06M	2,059.74M	1,991.25M
Total Assets	2,214.41M	2,262.51M	2,301.21M	2,196.61M
Accounts Payable	3.41M	4.55M	4.22M	3.64M
Short-Term Debt	62.66M	46.30M	3.39M	6.05M
Tax Payables	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	1,780.63M	1,851.25M	1,938.60M	1,819.92M
Total Current Liabilities	1,846.71M	1,902.09M	1,946.21M	1,829.61M
Long-Term Debt	94.54M	102.21M	105.77M	143.22M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	28.01M	22.94M	28.97M	28.00M
Total Non-Current Liabilities	122.55M	125.15M	134.74M	171.22M
Total Liabilities	1,969.25M	2,027.24M	2,080.96M	2,000.83M
Preferred Stock	0.00M	0.00M	0.00M	0.00M
Common Stock	0.12M	0.12M	0.12M	0.12M
Retained Earnings	237.37M	227.90M	212.31M	182.90M
Accumulated OCI	-0.74M	-1.16M	-1.56M	-1.72M
Minority Interest	0.00M	0.00M	0.00M	5.40M
Total Shareholders’ Equity	236.75M	226.86M	210.87M	181.30M
Total Equity	236.75M	226.86M	210.87M	186.70M
Total Liabilities & Equity	2,206.00M	2,254.11M	2,291.82M	2,187.54M
Tangible Assets	2,201.26M	2,248.97M	2,287.27M	2,180.47M
Tangible Equity	223.60M	213.32M	196.92M	170.56M
Tangible Book Value	223.60M	213.32M	196.92M	170.56M
Total Investments	1,910.72M	1,961.09M	1,964.95M	1,880.52M
Net Debt	34.25M	40.01M	-25.29M	4.18M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31
Working Capital	-1,643.5M	-1,695.6M	-1,704.7M	-1,624.3M
Total Capital	402.4M	383.8M	329.4M	339.6M
Capital Employed	367.7M	360.4M	355.0M	367.0M
Invested Capital	279.4M	275.3M	195.0M	194.6M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31
Net Income	32.67M	—	31.69M	31.21M
Depreciation & Amortization	2.83M	—	4.59M	3.54M
Deferred Income Tax	0.00M	—	0.00M	0.00M
Stock-Based Compensation	0.00M	—	2.14M	0.46M
Change in Working Capital	2.19M	—	-0.70M	0.34M
Accounts Receivable	0.88M	—	1.05M	-2.00M
Inventory	0.00M	—	0.00M	0.00M
Accounts Payable	-0.86M	—	1.17M	2.88M
Other Working Capital	2.17M	—	-2.93M	-0.55M
Other Non-Cash Items	0.52M	—	0.96M	3.34M
Net Cash from Operating Activities	38.21M	—	38.68M	38.89M
Capital Expenditures (PPE)	-2.02M	—	-3.04M	-3.17M
Acquisitions (Net)	0.00M	—	0.00M	7.97M
Purchases of Investments	-120.26M	—	-47.27M	-16.65M
Sales / Maturities of Investments	141.81M	—	81.31M	35.36M
Other Investing Activities	-16.14M	—	-115.93M	-151.47M
Net Cash from Investing Activities	3.39M	—	-84.93M	-127.96M
Net Debt Issuance	50.05M	—	-40.69M	6.68M
Long-Term Debt Issuance	-7.71M	—	-38.03M	8.37M
Short-Term Debt Issuance	57.76M	—	-2.65M	-1.69M
Net Stock Issuance	-2.77M	—	-1.83M	1.78M
Common Stock Issuance	0.00M	—	0.00M	3.89M
Common Stock Repurchased	-2.77M	—	-1.83M	-2.11M
Preferred Stock Issuance	0.00M	—	0.00M	0.00M
Net Dividends Paid	-2.00M	—	-2.00M	-1.50M
Common Dividends Paid	-2.00M	—	-2.00M	-1.50M
Preferred Dividends Paid	0.00M	—	0.00M	0.00M
Other Financing Activities	-112.42M	—	113.03M	176.13M
Net Cash from Financing Activities	-67.13M	—	68.51M	183.10M
Effect of FX on Cash	0.00M	—	0.00M	0.00M
Net Change in Cash	-25.53M	—	22.26M	94.03M
Cash at Beginning of Period	660.29M	—	155.94M	61.91M
Cash at End of Period	634.76M	—	178.20M	155.94M
Operating Cash Flow	38.21M	—	38.68M	38.89M
Capital Expenditure	-2.02M	—	-3.04M	-3.17M
Free Cash Flow	36.19M	—	35.63M	35.72M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31
EBITDA	66.11M	—	64.47M	60.15M
(-) Tax Adjustment	16.91M	—	14.12M	12.85M
(-) Change In Working Capital	2.19M	—	-0.70M	0.34M
(-) Capital Expenditure	-2.02M	—	-3.04M	-3.17M
Unlevered Free Cash Flow	44.99M	—	48.01M	43.80M
(-) Net Interest Income After Taxes	58.82M	—	60.59M	56.70M
Net Debt Issuance	50.05M	—	-40.69M	6.68M
Levered Free Cash Flow	36.21M	—	-53.27M	-6.22M