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BAYFIRST FINANCIAL CORP (BAFN) Stock Fundamental Analysis

NASDAQ:BAFN - Nasdaq - US07279B1044 - Common Stock - Currency: USD

14.6455  -1.55 (-9.6%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BAFN. BAFN was compared to 398 industry peers in the Banks industry. Both the profitability and financial health of BAFN have multiple concerns. BAFN is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

BAFN had positive earnings in the past year.
In the past year BAFN had a positive cash flow from operations.
Of the past 5 years BAFN 4 years were profitable.
Of the past 5 years BAFN 4 years had a positive operating cash flow.
BAFN Yearly Net Income VS EBIT VS OCF VS FCFBAFN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

Looking at the Return On Assets, with a value of 0.86%, BAFN is in line with its industry, outperforming 54.02% of the companies in the same industry.
BAFN has a better Return On Equity (9.97%) than 66.33% of its industry peers.
Industry RankSector Rank
ROA 0.86%
ROE 9.97%
ROIC N/A
ROA(3y)0.38%
ROA(5y)0.9%
ROE(3y)4.46%
ROE(5y)10.89%
ROIC(3y)N/A
ROIC(5y)N/A
BAFN Yearly ROA, ROE, ROICBAFN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

BAFN has a worse Profit Margin (11.23%) than 81.66% of its industry peers.
BAFN's Profit Margin has improved in the last couple of years.
BAFN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 11.23%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-34.7%
PM growth 5Y14.63%
GM growth 3YN/A
GM growth 5YN/A
BAFN Yearly Profit, Operating, Gross MarginsBAFN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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3

2. Health

2.1 Basic Checks

BAFN does not have a ROIC to compare to the WACC, probably because it is not profitable.
BAFN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BAFN has been increased compared to 5 years ago.
BAFN has a better debt/assets ratio than last year.
BAFN Yearly Shares OutstandingBAFN Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
BAFN Yearly Total Debt VS Total AssetsBAFN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

BAFN has a debt to FCF ratio of 0.02. This is a very positive value and a sign of high solvency as it would only need 0.02 years to pay back of all of its debts.
The Debt to FCF ratio of BAFN (0.02) is better than 90.70% of its industry peers.
A Debt/Equity ratio of 0.07 indicates that BAFN is not too dependend on debt financing.
BAFN has a Debt to Equity ratio of 0.07. This is in the better half of the industry: BAFN outperforms 78.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.02
Altman-Z N/A
ROIC/WACCN/A
WACC52.28%
BAFN Yearly LT Debt VS Equity VS FCFBAFN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BAFN Yearly Current Assets VS Current LiabilitesBAFN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

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3

3. Growth

3.1 Past

BAFN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 89.87%, which is quite impressive.
The Earnings Per Share has been growing by 14.03% on average over the past years. This is quite good.
The Revenue has grown by 14.28% in the past year. This is quite good.
BAFN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.92% yearly.
EPS 1Y (TTM)89.87%
EPS 3Y-25.16%
EPS 5Y14.03%
EPS Q2Q%618.21%
Revenue 1Y (TTM)14.28%
Revenue growth 3Y18.97%
Revenue growth 5Y6.92%
Sales Q2Q%39.72%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
BAFN Yearly Revenue VS EstimatesBAFN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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4

4. Valuation

4.1 Price/Earnings Ratio

BAFN is valuated cheaply with a Price/Earnings ratio of 7.36.
BAFN's Price/Earnings ratio is rather cheap when compared to the industry. BAFN is cheaper than 90.20% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.79, BAFN is valued rather cheaply.
Industry RankSector Rank
PE 7.36
Fwd PE N/A
BAFN Price Earnings VS Forward Price EarningsBAFN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

100.00% of the companies in the same industry are more expensive than BAFN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 0.16
EV/EBITDA N/A
BAFN Per share dataBAFN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

BAFN has a Yearly Dividend Yield of 2.01%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.58, BAFN is paying slightly less dividend.
BAFN's Dividend Yield is comparable with the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 2.01%

5.2 History

On average, the dividend of BAFN grows each year by 11.27%, which is quite nice.
BAFN has paid a dividend for at least 10 years, which is a reliable track record.
BAFN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.27%
Div Incr Years0
Div Non Decr Years8
BAFN Yearly Dividends per shareBAFN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

BAFN pays out 25.89% of its income as dividend. This is a sustainable payout ratio.
The dividend of BAFN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.89%
EPS Next 2YN/A
EPS Next 3YN/A
BAFN Yearly Income VS Free CF VS DividendBAFN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M
BAFN Dividend Payout.BAFN Dividend Payout, showing the Payout Ratio.BAFN Dividend Payout.PayoutRetained Earnings

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BAYFIRST FINANCIAL CORP

NASDAQ:BAFN (4/25/2025, 8:00:01 PM)

14.6455

-1.55 (-9.6%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/amc
Earnings (Next)N/A N/A
Inst Owners13.66%
Inst Owner Change1.04%
Ins Owners14.33%
Ins Owner Change1.64%
Market Cap60.49M
AnalystsN/A
Price TargetN/A
Short Float %0.18%
Short Ratio0.65
Dividend
Industry RankSector Rank
Dividend Yield 2.01%
Yearly Dividend0.69
Dividend Growth(5Y)11.27%
DP25.89%
Div Incr Years0
Div Non Decr Years8
Ex-Date02-28 2025-02-28 (0.08)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 7.36
Fwd PE N/A
P/S 0.61
P/FCF 0.16
P/OCF 0.15
P/B 0.55
P/tB 0.64
EV/EBITDA N/A
EPS(TTM)1.99
EY13.59%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)94.15
FCFY642.87%
OCF(TTM)94.56
OCFY645.66%
SpS23.85
BVpS26.86
TBVpS22.85
PEG (NY)N/A
PEG (5Y)0.52
Profitability
Industry RankSector Rank
ROA 0.86%
ROE 9.97%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 11.23%
GM N/A
FCFM 394.79%
ROA(3y)0.38%
ROA(5y)0.9%
ROE(3y)4.46%
ROE(5y)10.89%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-34.7%
PM growth 5Y14.63%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.02
Debt/EBITDA N/A
Cap/Depr 19.38%
Cap/Sales 1.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 3515.13%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC52.28%
ROIC/WACCN/A
Cap/Depr(3y)97.89%
Cap/Depr(5y)131.43%
Cap/Sales(3y)7.89%
Cap/Sales(5y)9.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)89.87%
EPS 3Y-25.16%
EPS 5Y14.03%
EPS Q2Q%618.21%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.28%
Revenue growth 3Y18.97%
Revenue growth 5Y6.92%
Sales Q2Q%39.72%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-13.05%
FCF growth 3Y-6.93%
FCF growth 5YN/A
OCF growth 1Y-14.13%
OCF growth 3Y-7.62%
OCF growth 5YN/A