MeritValue

PARKE BANCORP, INC.

PKBKdata completeness 88%16 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

PARKE BANCORP, INC. earns about 69% on invested capital, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $32.71 and $54.94 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$82.1M1$87.5M2$112.7M3$125.1M4$142.7M4
Net income$40.8M5$41.8M6$28.5M7$27.5M8$37.8M8
Operating cash flow$38.6M9$43.5M10$23M11$35.2M12$39.6M12
Capital expenditure$64,00013$150,00014$015$119,00016$595,00016
Free cash flow (derived)$38.6M9$43.3M10$23M11$35M12$39M12
Total debt—————
Cash & equivalents$596.6M17$182.2M18$180.4M19$221.5M19$156.9M19
Diluted shares12.1M12.2M12.1M12.1M12.0M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$271.19
your share of equity
Profit it earned you last year
$31.57
Free cash flow it threw off
$32.55
Debt you’d be carrying
—

10 shares is a claim on $271.19 of net worth that earned you $31.57 and generated $32.55 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
69% avg · 5y
FY21 —FY22 62%FY23 63%FY24 92%FY25 57%

It earned about 69% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.

seeing a moat in the numbers →
Management signal · capital allocation
−1% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

The 3 estimate methods that apply put fair value between $32.71 and $54.94 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.

DCF · Growth Exit 10Y
$51.79
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$35M
DCF · Growth Exit 5Y
$54.94
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$35M
Earnings Power Value
$32.71
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$37.8M
  • growthAssumed0.0%
Graham Number
$43.91
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $54.94
The three cases
Bear0.0%$54.94
Base0.0%$54.94
Bull5.0%$65.07

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001315399-23-000020 (InterestAndDividendIncomeOperating)
  2. 10-K · period ending 2022-12-31 · accession 0001315399-24-000024 (InterestAndDividendIncomeOperating)
  3. 10-K · period ending 2023-12-31 · accession 0001315399-25-000025 (InterestAndDividendIncomeOperating)
  4. 10-K · period ending 2024-12-31 · accession 0001437749-26-007748 (InterestAndDividendIncomeOperating)
  5. 10-K · period ending 2021-12-31 · accession 0001315399-23-000020 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001315399-24-000024 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001315399-25-000025 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001437749-26-007748 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001315399-23-000020 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001315399-24-000024 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001315399-25-000025 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001437749-26-007748 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001315399-23-000020 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001315399-24-000024 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001315399-25-000025 (PaymentsForCapitalImprovements)
  16. 10-K · period ending 2024-12-31 · accession 0001437749-26-007748 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2021-12-31 · accession 0001315399-24-000024 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  18. 10-K · period ending 2022-12-31 · accession 0001315399-25-000025 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  19. 10-K · period ending 2023-12-31 · accession 0001437749-26-007748 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)