Stock fact sheet · data as of
FirstSun Capital Bancorp (FSUN): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Blend
Is FSUN undervalued?
FSUN has a margin of safety of 58%: the stock closed at 38.05 on 16 Oct 2026 against a GLS average fair value of 91.36. 4 of the 8 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 8 models disagree widely: EPV gives 11.12 while 10 Cap gives 501.50. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files FSUN under Blend.
Nine valuation models for FSUN
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 | 50.34 | +32% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 29.77 | -22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 45.71 | +20% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 19.12 | -50% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 11.73 | -69% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 501.50 | +1218% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 61.63 | +62% | 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 | 11.12 | -71% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -140.53 | -469% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 45.33 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - FSUN passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.1 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 8.2%, ROE 8.5%, ROA 1.2% - with debt at 0.03 times equity and a free-cash-flow yield of 69.2%.
FirstSun Capital Bancorp pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Banking 100% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 8.2% |
|---|---|---|---|
| GLS Moat | 6.1 / 10 | ROE | 8.5% |
| Debt / equity | 0.03 | ROA | 1.2% |
| Free-cash-flow yield | 69.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 60: Fair
FSUN scores 60 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 25/25, Health 13/20, Moat 9/15, Premium 0/20, Stability 12/20. Premium (0/20) is where the points are missing.
No implied volatility is recorded for FSUN - the nightly snapshot found no near-the-money contracts 20-60 days out - so the Premium part of the Wheel Score is zero. Chain open interest is thin - 1 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 359k shares a day on a market cap of $1.7B, with a beta of 0.19 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 58% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 9 / 15 | moat 6.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 12 / 20 | 359k shares/day, $1.7B cap, beta 0.19 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
FirstSun Capital Bancorp reports earnings on 26 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
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 FirstSun Capital Bancorp 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 |
|---|---|---|---|---|---|
| NBHC National Bank Holdings Corporation | 37.74 | 53.84 | +30% | 76Good | $1.7B |
| BY Byline Bancorp, Inc. | 36.90 | 38.73 | +5% | 69Good | $1.7B |
| STBA S&T Bancorp, Inc. | 47.97 | 44.73 | -7% | 67Good | $1.7B |
| HAPN Happen, Inc. Common Stock | 14.67 | 32.37 | +55% | 72Good | $1.7B |
| HOPE Hope Bancorp, Inc. | 13.40 | 20.72 | +35% | 83Prime | $1.7B |
| DCOM Dime Community Bancshares, Inc. | 38.78 | 61.04 | +36% | 82Prime | $1.7B |
| BFC Bank First Corporation | 146.96 | 122.96 | -20% | 38No options | $1.6B |
| LOB Live Oak Bancshares, Inc. | 35.15 | 43.71 | +20% | 66Good | $1.6B |
| TCBK TriCo Bancshares | 50.77 | 49.74 | -2% | 74Good | $1.6B |
| OBK Origin Bancorp, Inc. | 51.83 | 51.20 | -1% | 65Good | $1.6B |
| QCRH QCR Holdings, Inc. | 97.21 | 328.28 | +70% | 80Prime | $1.6B |
| RBCAA Republic Bancorp, Inc. | 90.81 | 96.39 | +6% | 69Good | $1.6B |
⚖ Compare FSUN with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FSUN
Is FSUN undervalued right now?
By the GLS models, yes: at 38.05 the stock is 58% below the average fair value of 91.36 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FSUN and what does it mean?
FSUN scores 60 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FSUN?
91.36 per share as of 16 Oct 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 FirstSun Capital Bancorp report earnings next?
The next earnings report is due on 26 Oct 2026 (after the close), 10 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FSUN have listed options, and how liquid are they?
Yes. The nightly snapshot found 10 listed contracts with 1 open interest across all expiries. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.