Stock fact sheet · data as of
Commencement Bancorp Inc. (CBWA): fair value, margin of safety and Wheel Score
Ticker symbol CBWA · Financial Services · Banks - Regional · United States · Blend
Is CBWA undervalued?
At 20.05 (close of 5 Nov 2026), CBWA trades within a few percent of the GLS average fair value of 22.16 (9.5% below fair value). 8 models produced a value and they split 4 above the price to 4 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between Payback Time (1.78) and Graham Growth (55.18). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for CBWA, so the nightly engine files it under Blend (value score 63, growth score 58, out of 100).
Nine valuation models for CBWA
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 24.17 | +21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 27.93 | +39% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 55.18 | +175% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.55 | -2% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 13.06 | -35% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 12.95 | -35% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.78 | -91% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 22.65 | +13% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -164.25 | -919% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Commencement Bancorp Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability CBWA scores 5.5/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 9.8%, ROE 11.1%, ROA 1.0% - with debt at 0.13 times equity and negative free cash flow.
Commencement Bancorp Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 9.8% |
|---|---|---|---|
| GLS Moat | 5.5 / 10 | ROE | 11.1% |
| Debt / equity | 0.13 | ROA | 1.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 23: No options
No options are listed on Commencement Bancorp Inc. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 23, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 1k shares a day on a market cap of $75M, with a beta of 0.12 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $75M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 10% below fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 5.5/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.12, $75M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CBWA in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Commencement Bancorp Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| REDW Redwood Financial, Inc. | 185.00 | 144.55 | -28% | 19No options | $75M |
| GSBX Golden State Bancorp | 40.00 | 66.17 | +40% | 32No options | $73M |
| DWNX Delhi Bank Corp. | 21.50 | 10.62 | -102% | 16No options | $73M |
| CLST Catalyst Bancorp, Inc. | 17.88 | 24.03 | +26% | 28No options | $72M |
| SSBI Summit State Bank | 11.42 | 10.24 | -12% | 18No options | $77M |
| MVLY Mission Valley Bancorp | 21.49 | 22.02 | +2% | 17No options | $72M |
| BCOW 1895 Bancorp of Wisconsin, Inc. | 13.95 | 18.67 | +25% | 29No options | $72M |
| CCBC Chino Commercial Bancorp | 18.50 | 27.21 | +32% | 32No options | $71M |
| LFGP Ledyard Financial Group, Inc. | 22.50 | 30.14 | +25% | 27No options | $78M |
| RVCB River Valley Community Bancorp | 25.00 | 23.39 | -7% | 18No options | $78M |
| FBTT First Bankers Trustshares, Inc. | 26.50 | 40.44 | +34% | 27No options | $79M |
| MNMB Merchants & Marine Bancorp, Inc. | 60.00 | 156.76 | +62% | 31No options | $80M |
⚖ Compare CBWA with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CBWA
Is CBWA undervalued right now?
Not meaningfully: at 20.05 the stock trades within a few percent of the GLS average fair value of 22.16 (9.5% below fair value, data as of 5 Nov 2026).
What is the Wheel Score of CBWA and what does it mean?
CBWA has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for CBWA?
22.16 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Commencement Bancorp Inc. report earnings next?
No upcoming earnings date is recorded for CBWA in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does CBWA have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CBWA, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.