A Business at a Glance
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Virginia National Bankshares Corp
VABK
$242M
Mkt Cap
$44.87
+1.63%
Virginia National Bankshares Corp (VABK) has a current P/E ratio of 13.6, compared to its historical median P/E of 9.8. The stock is currently considered Fair based on its historical valuation range.
Virginia National Bankshares Corp (VABK) has a 5-year average return on invested capital (ROIC) of 11.5%. This indicates solid capital allocation.
Virginia National Bankshares Corp (VABK) has a market capitalization of $242M. It is classified as a small-cap stock.
Virginia National Bankshares Corp (VABK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.23%.
Based on historical P/E analysis, Virginia National Bankshares Corp (VABK) appears fair. The current P/E of 13.6 is 38% above its historical median of 9.8. The estimated fair value CAGR (P/E method) is 4.5%.
Virginia National Bankshares Corp (VABK) operates in the National Commercial Banks industry, within the Financials sector.
The Company was incorporated under the laws of the Commonwealth of Virginia on February 21, 2013 at the direction of the Board of Directors of the Bank for the purpose of acquiring all of the outstanding shares of the Bank and becoming the holding company of the Bank. On June 19, 2013, the shareholders of the Bank approved the Reorganization Agreement and Plan of Share Exchange, dated March 6, 2013, whereby the Bank would reorganize into a holding company structure. On December 16, 2013, when the Reorganization became effective, the Bank became a wholly-owned subsidiary of the Company, and each share of the Bank’s common stock was exchanged for one share of the Company’s common stock. The Company is regulated under the BHCA and is subject to inspection, examination and supervision by the Federal Reserve. The Company is also under the jurisdiction of the SEC and is subject to the disclosure and regulatory requirements of the Exchange Act as administered by the SEC.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 57M | 54M | 58M | 67M | 55M | 30M |
| Net Income | 18M | 17M | 19M | 23M | 10M | 8.0M |
| EPS | $3.30 | $3.15 | $3.58 | $4.38 | $2.14 | $2.95 |
| Free Cash Flow | 18M | 15M | 13M | 22M | 12M | 9.1M |
| ROIC | 9.9% | 10.4% | 12.3% | 19.0% | 6.1% | 9.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.17 | 0.15 | 0.46 | 0.03 | 0.02 | 9.27 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.0M | 1.1M | 1.1M | 32M | 1.5M | 976K |
| Operating Margin | 1.8% | 2.0% | 2.0% | 47.2% | 2.7% | 3.2% |
| ROE | 10.1% | 10.8% | 12.6% | 17.6% | 6.2% | 9.7% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 3M |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 20M | 24M | 28M | 27M | 30M | 55M | 67M | 58M | 54M | 57M |
| Gross Margin | N/A | N/A | N/A | N/A | 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 | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 494K | 439K | 453K | 467K | 976K | 1.5M | 32M | 1.1M | 1.1M | 1.0M |
| Op. Margin | 2.5% | 1.8% | 1.6% | 1.7% | 3.2% | 2.7% | 47.2% | 2.0% | 2.0% | 1.8% |
| Net Income | 1.9M | 5.7M | 8.5M | 6.7M | 8.0M | 10M | 23M | 19M | 17M | 18M |
| Net Margin | 9.5% | 24.2% | 29.8% | 24.3% | 26.2% | 18.2% | 34.9% | 33.2% | 31.4% | 31.3% |
| Non-Recurring | 44K | -19K | -33K | 0 | 0 | 81K | 1.0M | 112K | 36K | 36K |
| Returns on Capital | ||||||||||
| ROIC | 3.1% | 9.7% | 12.0% | 8.8% | 9.7% | 6.1% | 19.0% | 12.3% | 10.4% | 9.9% |
| ROE | 3.2% | 10.0% | 12.0% | 8.8% | 9.7% | 6.2% | 17.6% | 12.6% | 10.8% | 10.1% |
| ROA | 0.4% | 1.0% | 1.3% | 1.0% | 0.9% | 0.5% | 1.4% | 1.2% | 1.0% | 127.4% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 7.7M | 5.3M | 12M | 9.3M | 9.3M | 13M | 23M | 14M | 15M | 18M |
| Free Cash Flow | 6.9M | 4.7M | 11M | 9.2M | 9.1M | 12M | 22M | 13M | 15M | 18M |
| Owner Earnings | 6.6M | 4.1M | 11M | 8.2M | 7.4M | 10M | 19M | 11M | 12M | 15M |
| CapEx | 803K | 585K | 846K | 189K | 199K | 1.3M | 546K | 1.2M | 733K | 401K |
| Maint. CapEx | 1.2M | 1.2M | 1.1M | 1.1M | 1.9M | 2.9M | 3.3M | 3.3M | 3.0M | 3.0M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.2M | 1.2M | 1.1M | 1.1M | 1.9M | 2.9M | 3.3M | 3.3M | 3.0M | 3.0M |
| CapEx/OCF | 10.4% | 11.1% | 7.2% | 2.0% | 2.2% | 9.9% | 2.4% | 8.4% | 4.8% | 2.2% |
| Capital Allocation | ||||||||||
| Dividends Paid | 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 |
| Share Buybacks | 262K | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 559K | 559K |
| Buyback Yield | 0.6% | 2.7% | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.2% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | 3.4M | 3.4M | 70M | 24M | 30M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 3.4M | 3.4M | 3.5M | 3.5M | 3.5M |
| Debt/Equity | 7.86 | 9.25 | 8.11 | 8.23 | 9.27 | 0.02 | 0.03 | 0.46 | 0.15 | 0.17 |
| Interest Coverage | 0.5 | 0.5 | 0.2 | 0.1 | 0.3 | 0.5 | 10.0 | 3.3 | 3.9 | 3.9 |
| Equity | 61M | 59M | 71M | 76M | 83M | 162M | 133M | 153M | 160M | 177M |
| Total Assets | 537M | 605M | 645M | 703M | 848M | 2.0B | 1.6B | 1.6B | 1.6B | 14M |
| Total Liabilities | 476M | 546M | 574M | 627M | 766M | 1.8B | 1.5B | 1.5B | 1.5B | 362M |
| Intangibles | N/A | 1.1M | 849K | 780K | 372K | 8.1M | 7.8M | 7.8M | 7.8M | 7.8M |
| Retained Earnings | 26M | 33M | 39M | 37M | 42M | 46M | 63M | 74M | 83M | 83M |
| Working Capital | 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 |
| Current Liabilities | 1.7M | 1.6M | 1.5M | 5.3M | 1.5M | 3.6M | 2.0M | 4.0M | 3.8M | 3.8M |
| Per Share Data | ||||||||||
| EPS | 0.67 | 2.30 | 3.15 | 2.49 | 2.95 | 2.14 | 4.38 | 3.58 | 3.15 | 3.30 |
| Owner EPS | 2.30 | 1.64 | 3.96 | 3.06 | 2.73 | 2.15 | 3.62 | 1.98 | 2.29 | 2.82 |
| Book Value | 21.30 | 23.58 | 26.31 | 28.33 | 30.54 | 34.42 | 24.93 | 28.44 | 29.76 | 32.89 |
| Cash Flow/Share | 2.71 | 2.11 | 4.37 | 3.48 | 3.42 | 2.78 | 4.24 | 2.58 | 2.84 | 3.86 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 2.8M | 2.5M | 2.7M | 2.7M | 2.7M | 4.7M | 5.4M | 5.4M | 5.4M | 5.4M |
| Valuation | ||||||||||
| P/E Ratio | 23.2 | 8.3 | 8.4 | 12.0 | 7.6 | 14.6 | 7.3 | 9.8 | 11.7 | 13.6 |
| P/FCF | 6.4 | 10.1 | 6.5 | 8.8 | 6.7 | 12.5 | 7.7 | 14.9 | 13.7 | 13.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 101.1 | 5.5 | 228.8 | 208.2 | 264.3 |
| Price/Book | 0.7 | 0.8 | 1.0 | 1.1 | 0.7 | 0.9 | 1.3 | 1.2 | 1.2 | 1.4 |
| Price/Sales | 2.1 | 1.8 | 3.1 | 2.9 | 2.0 | 2.5 | 2.4 | 2.9 | 3.3 | 4.2 |
| FCF Yield | 15.7% | 9.9% | 15.3% | 11.4% | 15.0% | 8.0% | 12.9% | 6.7% | 7.3% | 7.3% |
| Market Cap | 44M | 48M | 71M | 80M | 60M | 147M | 171M | 189M | 199M | 242M |
| Avg. Price | 14.94 | 17.08 | 32.40 | 29.21 | 22.16 | 28.90 | 29.60 | 30.91 | 32.95 | 44.87 |
| Year-End Price | 15.45 | 18.98 | 26.44 | 29.85 | 22.33 | 31.19 | 32.05 | 35.21 | 36.97 | 44.87 |
Virginia National Bankshares Corp passes 2 of 9 quality checks, indicating weak fundamentals.
Virginia National Bankshares Corp trades at 13.6x trailing earnings, compared to its 15-year median P/E of 9.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.6x vs a median of 8.8x. The company's 5-year average ROIC is 11.5%. Total shareholder yield (buybacks) is 0.2%. At current prices, the estimated annualized return to fair value is -6.6%.
Virginia National Bankshares Corp (VABK) reported annual revenue of $54 million in its most recent fiscal year, based on SEC EDGAR filings.
Virginia National Bankshares Corp (VABK) has a net profit margin of 31.4%. This is a strong margin indicating high profitability.
Virginia National Bankshares Corp (VABK) generated $15 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Virginia National Bankshares Corp (VABK) has a debt-to-equity ratio of 0.15. This indicates a conservatively financed balance sheet.
Virginia National Bankshares Corp (VABK) reported earnings per share (EPS) of $3.15 in its most recent fiscal year.
Virginia National Bankshares Corp (VABK) has a return on equity (ROE) of 10.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 9 years of financial data for Virginia National Bankshares Corp (VABK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Virginia National Bankshares Corp (VABK) has a book value per share of $29.76, based on its most recent annual SEC filing.
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