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BAYFIRST FINANCIAL CORP (BAFN) Stock Fundamental Analysis

NASDAQ:BAFN - Nasdaq - US07279B1044 - Common Stock - Currency: USD

12.5  +0.2 (+1.63%)

Fundamental Rating

3

BAFN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. Both the profitability and financial health of BAFN have multiple concerns. BAFN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

BAFN had positive earnings in the past year.
In the past year BAFN had a positive cash flow from operations.
Of the past 5 years BAFN 4 years were profitable.
Of the past 5 years BAFN 4 years had a positive operating cash flow.
BAFN Yearly Net Income VS EBIT VS OCF VS FCFBAFN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

BAFN has a Return On Assets of 0.77%. This is comparable to the rest of the industry: BAFN outperforms 43.37% of its industry peers.
The Return On Equity of BAFN (9.00%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.77%
ROE 9%
ROIC N/A
ROA(3y)0.38%
ROA(5y)0.9%
ROE(3y)4.43%
ROE(5y)10.88%
ROIC(3y)N/A
ROIC(5y)N/A
BAFN Yearly ROA, ROE, ROICBAFN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

With a Profit Margin value of 10.40%, BAFN is not doing good in the industry: 83.16% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of BAFN has grown nicely.
BAFN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 10.4%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-34.83%
PM growth 5Y14.5%
GM growth 3YN/A
GM growth 5YN/A
BAFN Yearly Profit, Operating, Gross MarginsBAFN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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3

2. Health

2.1 Basic Checks

BAFN does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BAFN has more shares outstanding
The number of shares outstanding for BAFN has been increased compared to 5 years ago.
BAFN has a better debt/assets ratio than last year.
BAFN Yearly Shares OutstandingBAFN Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
BAFN Yearly Total Debt VS Total AssetsBAFN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

BAFN has a debt to FCF ratio of 0.02. This is a very positive value and a sign of high solvency as it would only need 0.02 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.02, BAFN belongs to the best of the industry, outperforming 89.03% of the companies in the same industry.
A Debt/Equity ratio of 0.07 indicates that BAFN is not too dependend on debt financing.
BAFN has a Debt to Equity ratio of 0.07. This is in the better half of the industry: BAFN outperforms 77.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.02
Altman-Z N/A
ROIC/WACCN/A
WACC59.21%
BAFN Yearly LT Debt VS Equity VS FCFBAFN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BAFN Yearly Current Assets VS Current LiabilitesBAFN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 62.12% over the past year.
BAFN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.84% yearly.
Looking at the last year, BAFN shows a small growth in Revenue. The Revenue has grown by 5.00% in the last year.
Measured over the past years, BAFN shows a small growth in Revenue. The Revenue has been growing by 6.92% on average per year.
EPS 1Y (TTM)62.12%
EPS 3Y-25.37%
EPS 5Y13.84%
EPS Q2Q%-241.67%
Revenue 1Y (TTM)5%
Revenue growth 3Y18.97%
Revenue growth 5Y6.92%
Sales Q2Q%-14.17%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
BAFN Yearly Revenue VS EstimatesBAFN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.35, which indicates a rather cheap valuation of BAFN.
Based on the Price/Earnings ratio, BAFN is valued cheaply inside the industry as 94.90% of the companies are valued more expensively.
BAFN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.03.
Industry RankSector Rank
PE 7.35
Fwd PE N/A
BAFN Price Earnings VS Forward Price EarningsBAFN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of BAFN indicates a rather cheap valuation: BAFN is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 0.15
EV/EBITDA N/A
BAFN Per share dataBAFN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.53
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

BAFN has a Yearly Dividend Yield of 2.45%.
In the last 3 months the price of BAFN has falen by -22.15%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.51, BAFN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, BAFN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.45%

5.2 History

On average, the dividend of BAFN grows each year by 11.25%, which is quite nice.
BAFN has been paying a dividend for at least 10 years, so it has a reliable track record.
BAFN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.25%
Div Incr Years0
Div Non Decr Years8
BAFN Yearly Dividends per shareBAFN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

28.89% of the earnings are spent on dividend by BAFN. This is a low number and sustainable payout ratio.
The dividend of BAFN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.89%
EPS Next 2YN/A
EPS Next 3YN/A
BAFN Yearly Income VS Free CF VS DividendBAFN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M
BAFN Dividend Payout.BAFN Dividend Payout, showing the Payout Ratio.BAFN Dividend Payout.PayoutRetained Earnings

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BAYFIRST FINANCIAL CORP

NASDAQ:BAFN (8/6/2025, 11:46:59 AM)

12.5

+0.2 (+1.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)10-14 2025-10-14
Inst Owners14.82%
Inst Owner Change-1%
Ins Owners14.52%
Ins Owner Change1.78%
Market Cap51.63M
AnalystsN/A
Price TargetN/A
Short Float %0.12%
Short Ratio0.35
Dividend
Industry RankSector Rank
Dividend Yield 2.45%
Yearly Dividend0.69
Dividend Growth(5Y)11.25%
DP28.89%
Div Incr Years0
Div Non Decr Years8
Ex-Date05-30 2025-05-30 (0.08)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 7.35
Fwd PE N/A
P/S 0.54
P/FCF 0.15
P/OCF 0.15
P/B 0.47
P/tB 0.55
EV/EBITDA N/A
EPS(TTM)1.7
EY13.6%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)82.38
FCFY659.06%
OCF(TTM)82.57
OCFY660.53%
SpS23.06
BVpS26.63
TBVpS22.76
PEG (NY)N/A
PEG (5Y)0.53
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 10.4%
GM N/A
FCFM 357.26%
ROA(3y)0.38%
ROA(5y)0.9%
ROE(3y)4.43%
ROE(5y)10.88%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-34.83%
PM growth 5Y14.5%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.02
Debt/EBITDA N/A
Cap/Depr 10.38%
Cap/Sales 0.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 3436.77%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC59.21%
ROIC/WACCN/A
Cap/Depr(3y)97.86%
Cap/Depr(5y)131.41%
Cap/Sales(3y)7.89%
Cap/Sales(5y)9.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)62.12%
EPS 3Y-25.37%
EPS 5Y13.84%
EPS Q2Q%-241.67%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5%
Revenue growth 3Y18.97%
Revenue growth 5Y6.92%
Sales Q2Q%-14.17%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-12.89%
FCF growth 3Y-6.89%
FCF growth 5YN/A
OCF growth 1Y-14.71%
OCF growth 3Y-7.59%
OCF growth 5YN/A