Auburn National Bancorporation, Inc.

AI-generated fair value estimate for this company.

Method: Excess return model: $26.91 book value per share (equity of $93.9M divided by 3.48M shares); 9.74% annualized return on equity; 10.0% cost of equity including a liquidity/size premium for a thinly-traded name; 3% long-term growth. Value equals book value per share times (ROE minus growth) divided by (cost of equity minus growth).

Reasoning: Auburn National Bancorporation is a stable, low-growth, high-credit-quality community bank, so an excess-return/book-value model is appropriate rather than a DCF, and the result is roughly in line with the current market price.