Unity Bancorp Inc

Finance
Major Banks
www.unitybank.com

Earnings Score

Market Cap $479.34M
PE 12
Debt -
Cash $194.50M
EV -
FCF $49.35M

Earnings

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Sales & Net Margins

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Earnings	$39.72M
EBIT	$52.95M
ROE	14%
ROA	2%
FCF	$49.35M
Equity	$284.26M
Growth Stability	100%
PE	12.07
PEG	0.81
PB	1.69
P/FCF	9.71
Price/Cash	0.41
Earnings CAGR	18%
FCF CAGR	31%
Equity CAGR	16%
Earnings Stability	0.94
Earnings Growth YoY	10%

Earnings Growth QoQ	15%
Earnings CAGR 5Y	15%
FCF CAGR 5Y	8%
Equity CAGR 5Y	13%
FCF CAGR 3Y	87%
Equity CAGR 3Y	12%
Market Cap	$479.34M
Dividend Yield	1%
Payout Ratio	12%
Assets	$2.64B
Cash	$194.50M
Shares Outstanding	9.98M
Earnings Score	95%
Shares Growth 3y	-2%
Equity Growth QoQ	4%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

SEC Filings

Direct access to Unity Bancorp Inc (UNTY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Unity Bancorp Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Unity Bancorp Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 18%

Stability 94%

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Unity Bancorp Inc Discounted Cash Flow

Fully customizable DCF calculator online for Unity Bancorp Inc .

Years

Calculation mode

= $4.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$49M	$64M	$84M	$110M	$144M	$188M	$246M	$321M	$419M	$548M	$716M	$7.2B
DCF		$59M	$70M	$83M	$98M	$117M	$139M	$165M	$196M	$232M	$276M	$2.8B
Value	$4.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	-	-	-	-	-
ROA	-	2%	2%	3%	3%	2%	2%	2%	2%	2%
ROE	-	12%	11%	16%	15%	14%	18%	16%	15%	14%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-162.71	22.05	5.94	9.03	6.34	2.27	9.55	7.98	-
Debt over Equity	1.37	1.24	2.42	1.59	1.83	1.21	0.24	1.64	1.4	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	-	-	-
Earnings YoY growth	-	38%	-2%	70%	8%	-0%	53%	6%	3%	15%
Equity YoY growth	-	35%	11%	17%	16%	8%	18%	16%	9%	13%
FCF YoY growth	-	-140%	-2K%	187%	-12%	2%	-33%	86%	12%	8%