NRIM Valuation

Northrim BanCorp Inc

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22.620

-0.31(-1.352%)1D

NRIM Relative Valuation

NRIM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NRIM is overvalued; if below, it's undervalued.

Historical Valuation

Northrim BanCorp Inc (NRIM) is now in the Fair zone, suggesting that its current forward PE ratio of 8.59 is considered Fairly compared with the five-year average of 9.14. The fair price of Northrim BanCorp Inc (NRIM) is between 21.94 to 28.88 according to relative valuation methord.

Relative Value

Fair Zone

21.94-28.88

Current Price：22.62

Fair

8.59

Trailing

Forward

0.00

EV/EBITDA

Northrim BanCorp Inc. (NRIM) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

0.00

EV/EBIT

Northrim BanCorp Inc. (NRIM) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBIT of 0.00 falls within the Strongly Undervalued range.

22.93

Northrim BanCorp Inc. (NRIM) has a current PS of 22.93. The 5-year average PS is 0.53. The thresholds are as follows: Strongly Undervalued below -3.39, Undervalued between -3.39 and -1.43, Fairly Valued between 2.49 and -1.43, Overvalued between 2.49 and 4.45, and Strongly Overvalued above 4.45. The current Forward PS of 22.93 falls within the Strongly Overvalued range.

0.00

P/OCF

Northrim BanCorp Inc. (NRIM) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Northrim BanCorp Inc. (NRIM) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Northrim BanCorp Inc (NRIM) has a current Price-to-Book (P/B) ratio of 1.60. Compared to its 3-year average P/B ratio of 1.38 , the current P/B ratio is approximately 16.22% higher. Relative to its 5-year average P/B ratio of 1.27, the current P/B ratio is about 26.62% higher. Northrim BanCorp Inc (NRIM) has a Forward Free Cash Flow (FCF) yield of approximately 0.27%. Compared to its 3-year average FCF yield of 11.13%, the current FCF yield is approximately -97.54% lower. Relative to its 5-year average FCF yield of 14.49% , the current FCF yield is about -98.11% lower.

1.60

P/B

Median3y

1.38

Median5y

1.27

0.27

FCF Yield

Median3y

11.13

Median5y

14.49

Competitors Valuation Multiple

The average P/S ratio for NRIM's competitors is 29.53, providing a benchmark for relative valuation. Northrim BanCorp Inc Corp (NRIM) exhibits a P/S ratio of 22.93, which is -22.35% above the industry average. Given its robust revenue growth of 16.88%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Bar Harbor Bankshares

Flushing Financial Corp

Performance Decomposition

Market capitalization of NRIM increased by 8.67% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 23.06 to 60.52.

The secondary factor is the Revenue Growth, contributed 16.88%to the performance.

Overall, the performance of NRIM in the past 1 year is driven by Margin Expansion. Which is more sustainable.

16.88%

38.27M → 44.72M

Revenue Growth

162.45%

23.06 → 60.52

Margin Expansion

-170.66%

-11.57 → 8.18

P/E Change

8.67%