Financials California BanCorp

Equities

CALB

US13005U1016

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
22.09 ^USD	+0.87%		+3.13%	-10.78%

Apr. 05	Keefe, Bruyette & Woods Cuts Price Target on California BanCorp to $23.50 From $26.50, Keeps Outperform Rating	MT
Jan. 30	Southern California Bancorp, California BanCorp Agree to $233.6 Million All-Stock Merger	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	161.5	126.8	175.2	198.1	207.9	185.9	-
Enterprise Value (EV) ¹	161.5	126.8	175.2	198.1	207.9	185.9	185.9
P/E ratio	23.3 x	29.4 x	13.2 x	9.47 x	9.67 x	9.97 x	10.2 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	3.57 x	2.59 x	2.97 x	2.53 x	2.62 x	2.32 x	2.23 x
EV / Revenue	3.57 x	2.59 x	2.97 x	2.53 x	2.62 x	2.32 x	2.23 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.24 x	0.93 x	1.16 x	1.15 x	1.06 x	0.86 x	0.8 x
Nbr of stocks (in thousands)	8,074	8,150	8,251	8,329	8,395	8,413	-
Reference price ²	20.00	15.56	21.23	23.78	24.76	22.09	22.09
Announcement Date	2/5/20	1/29/21	1/27/22	1/26/23	1/30/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	45.19	48.93	58.9	78.35	79.43	80.1	83.4
EBITDA	-	-	-	-	-	-	-
EBIT ¹	11.96	11.12	18.47	33.68	31.92	29.4	27.9
Operating Margin	26.48%	22.73%	31.35%	42.99%	40.18%	36.7%	33.45%
Earnings before Tax (EBT) ¹	9.637	6.24	18.46	29.91	30.62	26.95	26.95
Net income ¹	7.001	4.303	13.37	21.11	21.63	18.93	18.53
Net margin	15.49%	8.79%	22.69%	26.94%	27.24%	23.64%	22.22%
EPS ²	0.8600	0.5300	1.610	2.510	2.560	2.217	2.167
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	2/5/20	1/29/21	1/27/22	1/26/23	1/30/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	15.14	14.96	17.06	17.62	19.85	23.82	19.86	19.78	19.87	19.91	19.52	19.94	20.2	20.48	20.3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	4.63	4.952	6.144	6.798	8.63	12.11	8.021	8.178	8.021	7.695	7.3	7.4	7.3	7.4	7
Operating Margin	30.58%	33.1%	36.01%	38.59%	43.48%	50.83%	40.38%	41.34%	40.36%	38.64%	37.4%	37.11%	36.14%	36.12%	34.48%
Earnings before Tax (EBT) ¹	4.33	4.448	5.194	5.873	7.83	11.01	7.663	7.734	7.707	7.514	6.477	6.648	6.806	6.996	6.5
Net income ¹	3.216	3.181	3.673	4.244	5.522	7.669	5.451	5.44	5.401	5.341	4.621	4.731	4.735	4.863	4.5
Net margin	21.24%	21.26%	21.53%	24.09%	27.82%	32.19%	27.44%	27.5%	27.18%	26.82%	23.67%	23.73%	23.44%	23.74%	22.17%
EPS ²	0.3900	0.3800	0.4400	0.5100	0.6600	0.9100	0.6400	0.6500	0.6400	0.6300	0.5400	0.5533	0.5533	0.5700	0.5233
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/28/21	1/27/22	4/28/22	7/28/22	10/27/22	1/26/23	4/26/23	7/27/23	10/26/23	1/30/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.57%	3.23%	9.27%	13.1%	11.6%	9.3%	8.33%
ROA (Net income/ Total Assets)	0.66%	0.25%	0.68%	1.08%	1.09%	0.93%	0.87%
Assets ¹	1,061	1,721	1,966	1,954	1,985	2,029	2,130
Book Value Per Share ²	16.10	16.70	18.30	20.70	23.40	25.60	27.80
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/5/20	1/29/21	1/27/22	1/26/23	1/30/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for California BanCorp

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.09 USD

Average target price

28.83 USD

Spread / Average Target

+30.53%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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