FNLC
First Bancorp Inc
Price:  
23.62 
USD
Volume:  
9,584.00
United States | Banks
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FNLC Fair Value

-28.76 %
Upside

As of 2024-03-01, the Fair Value of First Bancorp Inc (FNLC) is 16.83 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 23.62 USD, the upside of First Bancorp Inc is -28.76%.

23.62 USD
Stock Price
16.83 USD
Fair Price
FAIR VALUE CALCULATION

FNLC Fair Value

Peter Lynch's formula is:

FNLC Fair Value
= Earnings Growth Rate x TTM EPS
FNLC Fair Value
= 6.32 x 2.66
FNLC Fair Value
= 16.83

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 25.53 27.13 36.27 38.99 29.52 31.49
YoY growth 8.45% 6.27% 33.69% 7.50% -24.29% 6.32%

FNLC Fair Value - Key Data

Market Cap (mil) 261.95
P/E 8.88x
Forward P/E 8.62x
EPS 2.66
Avg earnings growth rate 6.32%
TTM earnings 29.51