A Business at a Glance
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Item 1. Business BUSINESS OF CATALYST BANCORP, INC. Catalyst Bancorp, Inc. (“Catalyst Bancorp” or the “Company”) was incorporated by St. Landry Homestead Federal Savings Bank (“St. Landry Homestead” or the “Bank”) in February 2021 as part of the conversion of St. Landry Homestead from the mutual to the stock form of organization. In June 2022, St. Landry Homestead changed its name to Catalyst Bank (the “Bank”). The conversion of the Bank from the mutual to the stock form of organization (the “Conversion”) was completed on October 12, 2021, at which time the Company acquired all of the issued and outstanding shares of common stock of the Bank and became the holding company for the Bank. As a result of the Conversion, the Bank is a wholly owned subsidiary of Catalyst Bancorp. Concurrently with consummation of the Conversion, the Company completed its initial public offering and issued 5,290,000 shares of its common stock.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 11M | 5.7M | 9.3M | 8.5M | 9.5M | 7.8M |
| Net Income | 2.2M | -3.1M | 526K | 180K | 1.9M | -703K |
| EPS | $0.58 | $-0.78 | $0.12 | $0.04 | $0.38 | $-0.13 |
| Free Cash Flow | 2.9M | 2.7M | 1.8M | 520K | 1.9M | 310K |
| ROIC | 2.7% | -1.5% | 0.6% | 0.2% | 4.4% | 0.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 2.45 | 2.20 | 1.98 | 1.90 | 3.45 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 83K | -754K | 61K | 34K | 3.2M | 102K |
| Operating Margin | 0.7% | -13.2% | 0.7% | 0.4% | 33.5% | 1.3% |
| ROE | 2.7% | -3.7% | 0.6% | 0.2% | 1.9% | -1.4% |
| Shares Outstanding | 4M | 4M | 4M | 5M | 5M | 5M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 7.8M | 9.5M | 8.5M | 9.3M | 5.7M | 11M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 102K | 3.2M | 34K | 61K | -754K | 83K |
| Op. Margin | 1.3% | 33.5% | 0.4% | 0.7% | -13.2% | 0.7% |
| Net Income | -703K | 1.9M | 180K | 526K | -3.1M | 2.2M |
| Net Margin | -9.1% | 20.1% | 2.1% | 5.7% | -54.1% | 19.7% |
| Non-Recurring | 16K | 25K | -77K | 0 | 6K | 6K |
| Returns on Capital | ||||||
| ROIC | 0.4% | 4.4% | 0.2% | 0.6% | -1.5% | 2.7% |
| ROE | -1.4% | 1.9% | 0.2% | 0.6% | -3.7% | 2.7% |
| ROA | -0.3% | 0.7% | 0.1% | 0.2% | -1.1% | 129.5% |
| Cash Flow | ||||||
| Op. Cash Flow | 857K | 3.4M | 772K | 2.0M | 3.2M | 3.1M |
| Free Cash Flow | 310K | 1.9M | 520K | 1.8M | 2.7M | 2.9M |
| Owner Earnings | 510K | 2.9M | -148K | 836K | 1.9M | 1.9M |
| CapEx | 547K | 1.5M | 252K | 172K | 430K | 240K |
| Maint. CapEx | 347K | 424K | 448K | 403K | 412K | 412K |
| Growth CapEx | 200K | 1.1M | 0 | 0 | 18K | 0 |
| D&A | 347K | 424K | 448K | 403K | 412K | 412K |
| CapEx/OCF | N/A | 44.1% | 32.6% | 8.6% | 13.6% | 7.7% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 6.3M | 5.8M | 5.8M |
| Buyback Yield | N/A | N/A | N/A | 13.4% | 12.4% | 8.8% |
| Stock-Based Comp | N/A | 73K | 472K | 769K | 812K | 812K |
| Debt Repayment | 1.2M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -37M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 37M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 3.45 | 1.90 | 1.98 | 2.20 | 2.45 | 0.00 |
| Interest Coverage | 0.1 | 4.0 | 0.0 | 0.0 | -0.2 | -0.2 |
| Equity | 51M | 99M | 89M | 85M | 80M | 82M |
| Total Assets | 225M | 286M | 263M | 271M | 277M | 1.7M |
| Total Liabilities | 174M | 187M | 175M | 186M | 196M | 28M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 50M | 53M | 53M | 53M | 50M | 50M |
| Working Capital | 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 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||
| EPS | -0.13 | 0.38 | 0.04 | 0.12 | -0.78 | 0.58 |
| Owner EPS | 0.10 | 0.58 | -0.03 | 0.19 | 0.49 | 0.46 |
| Book Value | 9.55 | 19.48 | 19.67 | 19.29 | 20.25 | 19.83 |
| Cash Flow/Share | 0.16 | 0.68 | 0.17 | 0.46 | 0.80 | 0.64 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 5.3M | 5.1M | 4.5M | 4.4M | 4.0M | 4.1M |
| Valuation | ||||||
| P/E Ratio | N/A | 36.8 | 319.3 | 89.4 | N/A | 27.5 |
| P/FCF | N/A | 36.8 | 110.5 | 25.6 | 16.9 | 22.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 342.5 |
| Price/Book | N/A | 0.7 | 0.6 | 0.6 | 0.6 | 0.8 |
| Price/Sales | N/A | 7.3 | 7.0 | 5.5 | 8.1 | 5.8 |
| FCF Yield | N/A | 2.7% | 0.9% | 3.9% | 5.9% | 4.4% |
| Market Cap | N/A | 70M | 57M | 47M | 46M | 66M |
| Avg. Price | N/A | 13.81 | 13.29 | 11.61 | 11.66 | 15.97 |
| Year-End Price | N/A | 13.93 | 12.77 | 10.73 | 11.70 | 15.97 |
Catalyst Bancorp, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Catalyst Bancorp, Inc. trades at 27.5x trailing earnings, compared to its 15-year median P/E of 63.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 22.8x vs a median of 25.6x. The company's 5-year average ROIC is 0.8%. Total shareholder yield (buybacks) is 8.8%. At current prices, the estimated annualized return to fair value is +7.5%.
Catalyst Bancorp, Inc. (CLST) has a current P/E ratio of 27.5, compared to its historical median P/E of 63.1. The stock is currently considered Cheap based on its historical valuation range.
Catalyst Bancorp, Inc. (CLST) has a 5-year average return on invested capital (ROIC) of 0.8%. This is below average and may indicate limited pricing power.
Catalyst Bancorp, Inc. (CLST) has a market capitalization of $66M. It is classified as a small-cap stock.
Catalyst Bancorp, Inc. (CLST) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 8.76%.
Based on historical P/E analysis, Catalyst Bancorp, Inc. (CLST) appears cheap. The current P/E of 27.5 is 56% below its historical median of 63.1. The estimated fair value CAGR (P/E method) is -8.5%.
Catalyst Bancorp, Inc. (CLST) operates in the Savings Institution, Federally Chartered industry, within the Financials sector.
Catalyst Bancorp, Inc. (CLST) reported annual revenue of $6 million in its most recent fiscal year, based on SEC EDGAR filings.
Catalyst Bancorp, Inc. (CLST) has a net profit margin of -54.1%. The company is currently unprofitable.
Catalyst Bancorp, Inc. (CLST) generated $3 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Catalyst Bancorp, Inc. (CLST) has a debt-to-equity ratio of 2.45. This indicates higher leverage, which may increase financial risk.
Catalyst Bancorp, Inc. (CLST) reported earnings per share (EPS) of $-0.78 in its most recent fiscal year.
Catalyst Bancorp, Inc. (CLST) has a return on equity (ROE) of -3.7%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 5 years of financial data for Catalyst Bancorp, Inc. (CLST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Catalyst Bancorp, Inc. (CLST) has a book value per share of $20.25, based on its most recent annual SEC filing.