Citizens Community Bancorp, Inc.

AI-generated fair value estimate for this company.

Method: Bank excess-return (Gordon growth on ROE) valuation: book value of $18.95/share; return on equity of 7.00% ($12.81M net income / ~$182.9M total equity implied by book value x shares outstanding); 9.5% cost of equity; 3% sustainable growth. Justified P/B = (0.07-0.03)/(0.095-0.03) = 0.62x; intrinsic value = 0.62 x $18.95 = $11.66/share.

Reasoning: CZWI is valued using the standard bank excess-return framework rather than unlevered FCF; its ~7% ROE against a 9.5% cost of equity (reflecting its smaller scale and Wisconsin/Minnesota regional footprint) implies a sub-book intrinsic value, below the market's current ~1.12x P/B, again suggesting the market ascribes some franchise premium beyond the raw ROE-based model.