A Business at a Glance
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Columbia Financial, Inc.
CLBK
$1.1B
Mkt Cap
$10.88
-1.18%
Columbia Financial, Inc. (CLBK) has a current P/E ratio of 72.5, compared to its historical median P/E of 32.5. The stock is currently considered Expensive based on its historical valuation range.
Columbia Financial, Inc. (CLBK) has a 5-year average return on invested capital (ROIC) of 2.7%. This is below average and may indicate limited pricing power.
Columbia Financial, Inc. (CLBK) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Columbia Financial, Inc. (CLBK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.21%.
Based on historical P/E analysis, Columbia Financial, Inc. (CLBK) appears expensive. The current P/E of 72.5 is 123% above its historical median of 32.5. The estimated fair value CAGR (P/E method) is -14.6%.
Columbia Financial, Inc. (CLBK) operates in the Savings Institution, Federally Chartered industry, within the Financials sector.
PART I Item I. Business Columbia Financial, Inc. (“Columbia Financial” or the “Company”) is a Delaware corporation that was organized in March 1997 in connection with the mutual holding company reorganization of Columbia Bank. Columbia Financial is the holding company of Columbia Bank, which is a federal savings bank. Columbia Bank, MHC (the “MHC”) was also organized in March 1997 under the laws of the United States. In connection with the reorganization, Columbia Financial became the wholly-owned subsidiary of Columbia Bank MHC. Columbia Bank was founded in 1927. Columbia Bank has elected and has received regulatory approval to operate as a "covered savings association" pursuant to Section 5A of the Home Owners’ Loan Act, as amended, and the regulations of the Office of the Comptroller of the Currency (the "OCC") promulgated thereunder.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 508M | 508M | 453M | 422M | 340M | 309M |
| Net Income | 52M | 52M | -12M | 36M | 86M | 92M |
| EPS | $0.51 | $0.51 | $-0.11 | $0.35 | $0.81 | $0.88 |
| Free Cash Flow | 59M | 59M | 26M | 33M | 135M | 93M |
| ROIC | 2.2% | 2.3% | -0.5% | 1.5% | 4.7% | 5.6% |
| Gross Margin | 59.2% | 59.2% | 52.2% | 69.2% | 85.8% | 84.8% |
| Debt/Equity | 1.05 | 1.05 | 0.78 | 1.38 | 1.49 | 0.12 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 9.6M | 9.6M | 13M | 14M | 10M | 8.9M |
| Operating Margin | 1.9% | 1.9% | 3.0% | 3.3% | 3.1% | 2.9% |
| ROE | 4.5% | 4.6% | -1.1% | 3.4% | 8.1% | 8.8% |
| Shares Outstanding | 102M | 102M | 106M | 103M | 106M | 105M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 188M | 201M | 248M | 293M | 327M | 309M | 340M | 422M | 453M | 508M | 508M |
| Gross Margin | 76.4% | 74.7% | 72.2% | 68.3% | 71.7% | 84.8% | 85.8% | 69.2% | 52.2% | 59.2% | 59.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 58M | 63M | 77M | 84M | 101M | 100M | 117M | 121M | 109M | 119M | 119M |
| EBIT | 4.5M | 4.5M | 4.9M | 5.9M | 7.0M | 8.9M | 10M | 14M | 13M | 9.6M | 9.6M |
| Op. Margin | 2.4% | 2.2% | 2.0% | 2.0% | 2.1% | 2.9% | 3.1% | 3.3% | 3.0% | 1.9% | 1.9% |
| Net Income | 33M | 31M | 23M | 55M | 58M | 92M | 86M | 36M | -12M | 52M | 52M |
| Net Margin | 17.5% | 15.4% | 9.2% | 18.7% | 17.6% | 29.8% | 25.3% | 8.5% | -2.6% | 10.2% | 10.2% |
| Non-Recurring | -38K | -169K | 5K | -3K | -620K | -95K | -242K | -168K | 188K | -21K | -21K |
| Returns on Capital | |||||||||||
| ROIC | N/A | 3.4% | 1.3% | 2.4% | 2.7% | 5.6% | 4.7% | 1.5% | -0.5% | 2.3% | 2.2% |
| ROE | N/A | 6.8% | 3.1% | 5.6% | 5.8% | 8.8% | 8.1% | 3.4% | -1.1% | 4.6% | 4.5% |
| ROA | N/A | 1.1% | 0.4% | 0.7% | 0.7% | 1.0% | 0.9% | 0.3% | -0.1% | 0.5% | 0.5% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 59M | 36M | 57M | 22M | 49M | 99M | 142M | 41M | 33M | 68M | 68M |
| Free Cash Flow | 55M | 30M | 43M | 2.5M | 44M | 93M | 135M | 33M | 26M | 59M | 59M |
| Owner Earnings | 56M | 33M | 53M | 13M | 34M | 83M | 127M | 25M | 19M | 55M | 55M |
| CapEx | 3.7M | 6.5M | 13M | 19M | 4.6M | 5.5M | 7.2M | 7.6M | 7.4M | 9.8M | 9.8M |
| Maint. CapEx | 3.2M | 3.4M | 3.8M | 4.9M | 6.5M | 6.7M | 7.3M | 7.8M | 8.2M | 8.6M | 8.6M |
| Growth CapEx | 487K | 3.1M | 9.5M | 14M | 0 | 0 | 0 | 0 | 0 | 1.2M | 1.2M |
| D&A | 3.2M | 3.4M | 3.8M | 4.9M | 6.5M | 6.7M | 7.3M | 7.8M | 8.2M | 8.6M | 8.6M |
| CapEx/OCF | N/A | N/A | 22.0% | 88.6% | 9.4% | 5.6% | 5.1% | 18.8% | 22.3% | N/A | 14.4% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 55M | 108M | 108M | 94M | 80M | 5.9M | 13M | 13M |
| Buyback Yield | 0.0% | N/A | N/A | 2.9% | 6.3% | 4.9% | 4.1% | 4.0% | 0.4% | 0.0% | 1.2% |
| Stock-Based Comp | N/A | 0 | 0 | 3.7M | 8.8M | 8.9M | 7.4M | 8.0M | 6.5M | 4.7M | 4.7M |
| Debt Repayment | 55M | 90M | 210M | 230M | 344M | 0 | 0 | 30M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | -57M | 863M | 1.4B | 458M | -1.3B | 60M | 1.4B | 1.0B | 589M | 874M | 875M |
| Cash & Equiv. | 46M | 65M | 42M | 76M | 423M | 71M | 179M | 423M | 289M | 341M | 341M |
| Long-Term Debt | 10M | 929M | 1.2B | 1.4B | 799M | 377M | 1.1B | 1.5B | 1.1B | 1.2B | 1.2B |
| Debt/Equity | N/A | 1.97 | 1.53 | 1.66 | 0.42 | 0.12 | 1.49 | 1.38 | 0.78 | 1.05 | 1.05 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 |
| Equity | N/A | 472M | 972M | 983M | 1.0B | 1.1B | 1.1B | 1.0B | 1.1B | 1.2B | 1.2B |
| Total Assets | N/A | 5.8B | 6.7B | 8.2B | 8.8B | 9.2B | 10.4B | 10.6B | 10.5B | 11.0B | 11.0B |
| Total Liabilities | N/A | 5.3B | 5.7B | 7.2B | 7.8B | 8.1B | 9.4B | 9.6B | 9.4B | 9.9B | 9.9B |
| Intangibles | N/A | 281K | 369K | 7.8M | 6.2M | 6.4M | 14M | 13M | 10M | 9.6M | 9.6M |
| Retained Earnings | N/A | 537M | 560M | 615M | 673M | 765M | 858M | 894M | 882M | 934M | 934M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||
| EPS | N/A | 0.27 | 0.20 | 0.49 | 0.52 | 0.88 | 0.81 | 0.35 | -0.11 | 0.51 | 0.51 |
| Owner EPS | N/A | 0.28 | 0.46 | 0.12 | 0.30 | 0.79 | 1.20 | 0.24 | 0.18 | 0.54 | 0.54 |
| Book Value | N/A | 4.07 | 8.55 | 8.80 | 9.13 | 10.32 | 9.90 | 10.09 | 10.20 | 11.44 | 11.44 |
| Cash Flow/Share | N/A | 0.31 | 0.50 | 0.20 | 0.44 | 0.94 | 1.34 | 0.39 | 0.31 | 0.67 | 0.59 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | 115.9M | 113.7M | 111.7M | 110.8M | 104.6M | 106.4M | 103.1M | 105.9M | 101.5M | 101.5M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 77.4 | 35.1 | 29.9 | 23.8 | 26.5 | 56.3 | N/A | N/A | 21.3 |
| P/FCF | N/A | N/A | 40.6 | 774.5 | 38.8 | 23.5 | 16.9 | 61.4 | 64.7 | N/A | 18.9 |
| EV/EBIT | N/A | N/A | 596.8 | 549.2 | 300.6 | 279.2 | 311.4 | 221.8 | 183.6 | N/A | 207.1 |
| Price/Book | N/A | N/A | 1.8 | 2.0 | 1.7 | 2.0 | 2.2 | 2.0 | 1.6 | N/A | 1.0 |
| Price/Sales | N/A | N/A | 143.0 | N/A | N/A | N/A | N/A | N/A | 116.6 | N/A | 2.2 |
| FCF Yield | N/A | N/A | 2.5% | 0.1% | 2.6% | 4.3% | 5.9% | 1.6% | 1.5% | N/A | 5.3% |
| Market Cap | 0 | N/A | 1.8B | 1.9B | 1.7B | 2.2B | 2.3B | 2.0B | 1.7B | 0 | 1.1B |
| Avg. Price | 0.00 | N/A | 16.31 | 15.69 | 13.90 | 17.82 | 21.32 | 18.01 | 16.78 | 0.00 | 10.88 |
| Year-End Price | 0.00 | N/A | 15.49 | 17.20 | 15.55 | 20.93 | 21.47 | 19.69 | 15.81 | 0.00 | 10.88 |
Columbia Financial, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Columbia Financial, Inc. trades at 72.5x trailing earnings, compared to its 15-year median P/E of 32.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 17.8x vs a median of 39.7x. The company's 5-year average ROIC is 2.7% with a gross margin of 70.2%. Total shareholder yield (buybacks) is 1.2%. At current prices, the estimated annualized return to fair value is +6.9%.
Columbia Financial, Inc. (CLBK) reported annual revenue of $508 million in its most recent fiscal year, based on SEC EDGAR filings.
Columbia Financial, Inc. (CLBK) has a net profit margin of 10.2%. This is a healthy margin.
Columbia Financial, Inc. (CLBK) generated $59 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Columbia Financial, Inc. (CLBK) has a debt-to-equity ratio of 1.05. This indicates moderate leverage.
Columbia Financial, Inc. (CLBK) reported earnings per share (EPS) of $0.51 in its most recent fiscal year.
Columbia Financial, Inc. (CLBK) has a return on equity (ROE) of 4.6%. This indicates moderate shareholder returns.
Columbia Financial, Inc. (CLBK) has a 5-year average gross margin of 70.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for Columbia Financial, Inc. (CLBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Columbia Financial, Inc. (CLBK) has a book value per share of $11.44, based on its most recent annual SEC filing.