First Community Bankshares, Inc. FCBC

Financial Services · Banks - Regional · valued as of 2026-11-02 · statements 2025-12-31

Average Intrinsic Value
$982.91M
Market Cap
$918.83M
Margin of Safety
6.5%
Intrinsic / Market Ratio
1.07

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

1.30B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

651.12M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.00B USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

982.91M USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

982.91M USD

from the sum above

Market Cap

918.83M USD

today's price times the shares

Intrinsic Value ÷ Market Cap

1.07×

the ratio the screener ranks by; Margin of Safety +6.5% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: 1.30B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.30B USD
−②Net Debt Today0 USD
+③Growth Value0 USD
=Value1.30B USD

EPV of the Operations (NOPAT over WACC)

1.30B USD

Net debt today

0 USD

Growth Value

0 USD

Value

1.30B USD

①EPV (earnings power value)

1.30B USD

②Net Debt Today

0 USD

③Growth Value

0 USD

Market value

Market Cap918.83M USD

Today's price times the shares.

Value vs market

Margin of Safety+29.2%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 651.12M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE404.53M USD
+②Equity at Year 15, Today246.59M USD
=Value651.12M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

404.53M USD

②Equity at Year 15, Today

246.59M USD

Market value

Market Cap918.83M USD

Today's price times the shares.

Value vs market

Margin of Safety-41.1%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.00B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF761.05M USD
+②Invested Capital at Year 15, Today239.55M USD
−③Net Debt Today0 USD
=Value1.00B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

761.05M USD

②Invested Capital at Year 15, Today

239.55M USD

③Net Debt Today

0 USD

Market value

Market Cap918.83M USD

Today's price times the shares.

Value vs market

Margin of Safety+8.2%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 7.43%
weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.49×Market Risk Premium 6.00%= 7.43%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 14.35M USDPretax Income 63.19M USD= 22.70%

The tax the interest saves.

Interest Expense =EBIT —−Pretax Income 63.19M USD= —

The interest the company paid: EBIT is the profit before tax plus the interest.

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 0 USDMarket Cap + Total Debt 918.83M USD + 0 USD= 0.00%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 100.00%×Cost of Equity 7.43%+Debt Weight 0.00%×Cost of Debt 4.00%= 7.43%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 3.61B USD − Total Liabilities 3.07B USD = Book Value Today 539.64M USD

Net debt today 0: a bank's debt is the money it lends on, not how the business is financed.

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 12.2%at most 5%passes18,902,628 / 18,502,396
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.4%at least -10.0%passes(62.81M USD − 48.84M USD) ÷ 3.61B USD
Price to bookMarket Cap ÷ Book Value Today1.70×at most 3×passes918.83M USD ÷ 539.64M USD
Operating marginOperating Income ÷ Revenue79.3%above 10.0%passes124.74M USD ÷ 157.32M USD
Revenue growthRevenue ÷ Revenue a Year Before − 10.6%above 10.0%does not pass157.32M USD / 156.37M USD
Net cash(Cash − Total Debt) ÷ Market Cap14.1%above -30%passes(129.45M USD − 0 USD) ÷ 918.83M USD
Operating efficiencyOperating Income ÷ Gross Profit—above 25.0%not measured0 USD ÷ 0 USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Market data
The data provider's own ratios and the analysts' consensus, read beside the valuation, never in it.

Share price

49 USD

Enterprise value

329.25M USD

market cap plus net debt

EV / EBITDA

—

Price / book

1.70×

the provider's book

Price / earnings

15.31×

Return on equity

11.4%

the provider's, not the engine's

Profit margin

31.7%

Revenue growth

37.4%

Analyst target, mean

50 USD

Analysts

1

opinions in the consensus

Financial Statements

The income statement, the balance sheet and the cash flow the screener holds, year by year, in USD.

Financial statements, year by year
The annual lines the screener holds today, in USD at each period's rate; the figures this valuation read are in its calculation above.
USD2022202320242025
Income statement

Revenue

140.72M156.38M156.37M157.32M

Gross profit

————

Operating income

————

EBITDA

operating income before depreciation and amortisation

————

Pretax income

60.22M62.04M65.76M63.19M

Net income

46.71M48.07M51.66M48.84M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

46.00M52.25M53.07M51.10M

R&D

————
Balance sheet, year end

Total assets

3.14B3.27B3.26B3.26B

Total liabilities

2.72B2.77B2.74B2.76B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

422.41M503.80M526.92M501.05M

Total debt

————

Cash and equivalents

65.28M79.19M80.54M128.23M

Net PP&E

fixed assets after depreciation

47.39M50.73M48.78M47.61M

Working capital

current assets less current liabilities

————
Cash flow

Operating cash flow

59.08M61.89M57.80M62.81M

Capital expenditure

paid out, so below zero

-1.16M-2.77M-2.81M-2.74M

Depreciation and amortisation

5.61M5.69M6.49M5.66M

Free cash flow

operating cash flow plus capital expenditure

57.92M59.12M54.99M60.06M