Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Capital Bancorp, Inc. (CBNK)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$89.68 - $377.23$154.70
Multi-Stage$54.83 - $59.98$57.36
Blended Fair Value$106.03
Current Price$31.90
Upside232.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.310.230.180.080.000.000.000.000.000.00
YoY Growth--34.57%27.07%123.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.11%1.11%1.10%0.36%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)49.67
(-) Cash Dividends Paid (M)6.97
(=) Cash Retained (M)42.69
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.936.213.72
Cash Retained (M)42.6942.6942.69
(-) Cash Required (M)-9.93-6.21-3.72
(=) Excess Retained (M)32.7636.4938.97
(/) Shares Outstanding (M)16.8316.8316.83
(=) Excess Retained per Share1.952.172.32
LTM Dividend per Share0.410.410.41
(+) Excess Retained per Share1.952.172.32
(=) Adjusted Dividend2.362.582.73
WACC / Discount Rate8.28%8.28%8.28%
Growth Rate5.50%6.50%7.50%
Fair Value$89.68$154.70$377.23
Upside / Downside181.13%384.96%1,082.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)49.6752.8956.3359.9963.8968.0570.09
Payout Ratio14.04%29.23%44.42%59.62%74.81%90.00%92.50%
Projected Dividends (M)6.9715.4625.0235.7747.8061.2464.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.28%8.28%8.28%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)14.1514.2814.41
Year 2 PV (M)20.9521.3421.75
Year 3 PV (M)27.3928.1728.97
Year 4 PV (M)33.4934.7736.10
Year 5 PV (M)39.2541.1543.12
PV of Terminal Value (M)787.26825.28864.76
Equity Value (M)922.47965.001,009.11
Shares Outstanding (M)16.8316.8316.83
Fair Value$54.83$57.36$59.98
Upside / Downside71.87%79.80%88.02%

High-Yield Dividend Screener

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