Market value is $305.37M, which makes it a small-cap company (market value under $2B). The trailing P/E is 12.13, below 15. Price-to-book is 1.43, at or below 5. 0 of 2 of these measures are above the level often used to mark a high valuation (P/E 30, price-to-book 5, EV/EBITDA 20).

Valuation Metrics

Ratios and multiples

Forward P/E

9.57

EV/Revenue (TTM)3.23

Price/FCF (TTM)11.75

Financial Health

Liquidity and leverage

ROE (TTM)12.24%

ROA (TTM)1.23%

The company's financial health appears moderate. High ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.

Valuation Multiples

Current valuation metrics

P/E Ratio12.13

P/B Ratio1.43

P/S Ratio3.34

Quarterly Earnings History

Recent quarterly financial performance and trends

Latest Quarter

Quarter ended Jun 2026

Revenue

$23.94M

Net Income

$5.67M

EPS (Diluted)

$0.87

Quarter	Revenue	Net Income	Gross Profit	EPS (Basic)	EPS (Diluted)	Gross Margin	Net Margin
Jun 2026(Latest)	$23.94M	$5.67M	N/A	$0.88	$0.87	N/A	23.7%
Mar 2026	$23.37M	$6.66M	N/A	$1.03	$1.03	N/A	28.5%
Dec 2025	$23.45M	$5.78M	N/A	$0.89	$0.89	N/A	24.6%
Sep 2025	$22.69M	$6.95M	N/A	$1.07	$1.07	N/A	30.6%
Jun 2025	$21.79M	$5.98M	N/A	N/A	N/A	N/A	27.5%

Key Insights:

Revenue increased by 2.5% from previous quarter
Net margin of 23.7% indicates strong profitability
EPS declined by 15.5% quarter-over-quarter

Financial Efficiency

Utilization and collections performance

Asset Turnover 0.04 indicates low efficiency. Receivables Turnover 11.58 and DSO 31.53 reflect good collections. ROIC 8.4% highlights weak capital returns.

Efficiency Metrics

Asset Turnover0.04

Receivables Turnover11.58

Days Sales Outstanding31.53

ROIC (TTM)8.4%

Profitability & Growth

Margins and earnings power

Revenue (TTM)

$91.49M

+4.8% latest quarter vs year ago

Profit Margin (TTM)

27.64%

Operating Margin (TTM)

41.90%

Gross Profit (TTM)

$91.49M

Gross Margin 100.00%

Net Income (TTM)

$25.29M

EPS +3.8% latest quarter vs year ago

Efficiency Performance Matrix

4-quadrant analysis of operational efficiency vs profitability

Efficiency vs Profitability Quadrants

High Efficiency
High Margin

High Efficiency
Low Margin

Low Efficiency
High Margin

Low Efficiency
Low Margin

Efficiency Analysis

Asset Turnover

Efficiency:0.04x

Margin:100.0%

Quadrant:Margin-Driven

Receivables Turnover

Efficiency:11.58x

Margin:41.9%

Quadrant:Optimal

Working Capital

Efficiency:N/A

Margin:27.6%

Quadrant:Unknown

Overall Efficiency Score

Mixed efficiency profile requiring targeted improvements

⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.

• Bubble size represents ROIC magnitude

• Green (Optimal): Excellent efficiency-profitability balance

• Blue (Efficiency-Driven): High turnover, room to improve margins

• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency

• Red (Weak Operations): Areas needing improvement on both dimensions

Market Data & Share Structure

Comprehensive valuation metrics and ownership breakdown

Market Data & Capitalization

Market Cap

$305.37M

Small-cap (market value under $2B)

Enterprise Value

$295.19M

EV ≈ Market Cap: Balanced capital structure

Next Earnings Date

N/A

Scheduled quarterly results announcement

Share Statistics & Ownership

Shares Outstanding

6.46M

Total shares issued and held by all shareholders

Shares Float

5.94M

92% float - good liquidity

Institutional Ownership

49.98%

Moderate - balanced ownership

Insider Ownership

7.84%

Good alignment - management has skin in game

Shares Short

78.70K

1.3% of float - minimal short interest

Implied Shares Outstanding

6.46M

Matches reported shares - consistent data

Profitability Margin Pyramid

Hierarchical view of margin compression from revenue to net income

Margin Hierarchy by Profitability Level

100.0%

Revenue

$91.49M

100.0%

Gross Profit

$91.49M

N/A

EBITDA

27.6%

Net Income

$25.29M

Margin Profile:

Revenue— 100.0% margin (Top line revenue generation)

Gross Profit— 100.0% margin (Revenue minus cost of goods sold)

EBITDA— N/A% margin (Earnings before interest, taxes, depreciation, and amortization)

Net Income— 27.6% margin (Bottom line profitability after all expenses)

Margin Analysis

Total Revenue

Amount:$91.49M

Margin:100.0%

Top line revenue generation

Gross Profit

Amount:$91.49M

Margin:100.0%

Revenue minus cost of goods sold

EBITDA

Amount:N/A

Margin:N/A

Earnings before interest, taxes, depreciation, and amortization

Net Income

Amount:$25.29M

Margin:27.6%

Bottom line profitability after all expenses

Margin Quality Assessment

Excellent margin structure with strong bottom-line profitability

• Larger circles represent higher dollar amounts

• Margin percentages show profitability at each level

• Blue: Revenue base

• Green: Gross profitability

• Yellow: Operating performance

• Red: Net profitability

Operating Cash & Liquidity

Core cash generation and short-term solvency

Cash Flow Analysis

Operating Cash Flow (TTM)

$30.14M

Cash from core operations

Free Cash Flow (TTM)

$25.99M

Available after capex

Financial Position & Liquidity

Current Ratio

—

Quick Ratio

—

Net Cash

$10.18M

Net creditor

Total Cash

$74.87M

Balance sheet cash

Total Debt

$64.69M

Outstanding borrowings

Cash Conversion Cycle

Working capital efficiency measurement

Days Sales Outstanding

31.5

days to collect payment

Insufficient cash cycle data.

Ownership & Shareholder Sentiment

Insider, institutional, and short interest positions

Insider Ownership

7.84%

Moderate stake

Institutional Ownership

49.98%

Strong support

Short % of Float

1.33%

Minimal short

Short Ratio (Days)

2.0d

days to cover

Ownership structure shows strong insider confidence and mixed institutional participation.

Dividends & Shareholder Returns

Policy stance and implications

The company maintains a very sustainable dividend policy with a payout ratio of 25.9% (FCF coverage: 3.8x). Free cash flow was 3.8 times the dividends paid.

Payout Ratio

25.91%

Trailing Dividend Rate

1.06

Trailing Dividend Yield

2.24%

5 Year Avg Dividend Yield

2.97%

Forward Annual Dividend Rate

1.12

Forward Annual Dividend Yield

2.37%

Ex-Dividend Date

10/19/2026

Last Split

03/13/1996 (1.05)

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First United Corporation(FUNC)Fundamental Analysis & FinancialsNASDAQ

Valuation, growth, margins and balance sheet

Valuation Snapshot

Valuation Metrics

Financial Health

Valuation Multiples

Quarterly Earnings History

Financial Efficiency

Efficiency Metrics

Profitability & Growth

Efficiency Performance Matrix

Efficiency vs Profitability Quadrants

Efficiency Analysis

Asset Turnover

Receivables Turnover

Working Capital

Overall Efficiency Score

Market Data & Share Structure

Market Data & Capitalization

Share Statistics & Ownership

Profitability Margin Pyramid

Margin Hierarchy by Profitability Level

Margin Analysis

Total Revenue

Gross Profit

EBITDA

Net Income

Margin Quality Assessment

Operating Cash & Liquidity

Cash Flow Analysis

Financial Position & Liquidity

Cash Conversion Cycle

Ownership & Shareholder Sentiment

Dividends & Shareholder Returns

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First United Corporation(FUNC)Fundamental Analysis & Financials
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