Amalgamated Financial Corp. Financial Ratios — AMAL Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	36.83	29.12	23.14	22.15	27.57	24.47	24.5	19.93
Return on Assets (%)	- -	1.02	0.94	0.82	0.81	1.09	1.11	1.31	1.22
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.32	2.9	3.07	3.55	2.39	3.88	2.24	1.72	2.06
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	13.19	28.26	32.77	29.05	34.92	40.59	43.66	46	42.41
Profit Margin (%)	4.09	25.08	24.1	21.66	26.14	30.57	30.79	33.63	31.61
Net Income to Common Margin (%)	3.98	25.07	24.09	21.65	26.13	30.56	30.79	33.63	31.61
Effective Tax Rate (%)	69.03	11.26	26.45	25.43	25.15	24.67	29.47	26.89	25.48
Dvd Payout Ratio (%)	4	4.27	17.55	21.59	18.82	13.74	14.02	13.37	16.47
Sustainable Growth Rate (%)	- -	35.26	24.01	18.15	17.98	23.78	21.04	21.22	16.65

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	403	93	137	53	132	698	336	334	82
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	403	93	137	53	132	698	336	334	82
Total Debt/EBITDA	81.09	17.98	22.89	7.03	27.24	67.49	52.46	61.5	12.04
Net Debt/EBITDA	57.63	2.33	-7.92	-5.13	-50.91	57.41	33.51	46.69	-32.61
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.47	3.04	3.41	3.64	3.68	4.21	4.87	5.82	6.4
Long-Term Debt/Equity (%)	117.01	21.14	28.01	9.92	23.41	137.24	57.33	47.22	10.3
Long-Term Debt/Capital (%)	79.06	39.43	43.08	19.63	33.63	67.87	46.35	41.02	12.6
Long-Term Debt/Total Assets (%)	9.96	1.98	2.58	0.89	1.86	8.91	4.21	4.05	0.92
Total Debt/Equity (%)	117.01	21.14	28.01	9.92	23.41	137.24	57.33	47.22	10.3
Total Debt/Capital (%)	79.06	39.43	43.08	19.63	33.63	67.87	46.35	41.02	12.6
Total Debt/Total Assets (%)	9.96	1.98	2.58	0.89	1.86	8.91	4.21	4.05	0.92
Net Debt to Equity	83.17	2.74	-9.69	-7.24	-43.74	116.74	36.62	35.84	-27.9
Net Debt/Capital (%)	72.85	7.78	-24.2	-16.71	-397.85	61.53	33.84	33.65	-61.87
EBITDA	5	5	6	8	5	10	6	5	7
EBITDA-CapEx	3	4	5	6	2	9	5	4	5
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.47	3.04	3.41	3.64	3.68	4.21	4.87	5.82	6.4
Long-Term Debt/Equity (%)	117.01	21.14	28.01	9.92	23.41	137.24	57.33	47.22	10.3
Long-Term Debt/Capital (%)	79.06	39.43	43.08	19.63	33.63	67.87	46.35	41.02	12.6
Long-Term Debt/Total Assets (%)	9.96	1.98	2.58	0.89	1.86	8.91	4.21	4.05	0.92
Total Debt/Equity (%)	117.01	21.14	28.01	9.92	23.41	137.24	57.33	47.22	10.3
Total Debt/Capital (%)	79.06	39.43	43.08	19.63	33.63	67.87	46.35	41.02	12.6
Total Debt/Total Assets (%)	9.96	1.98	2.58	0.89	1.86	8.91	4.21	4.05	0.92
CFO/Total Liabilities	0.65	0.73	1.73	1.21	1.08	2.01	1.59	1.64	1.68
CFO/CapEx	12.83	21.74	110.84	40.8	29.44	88.32	79.37	69.9	98.46
Altman's Z-Score	0.07	0.16	0.16	0.13	0.13	0.15	0.17	0.2	0.2

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	13.93	11.7	9.9	7.67	7.59	5.9	5.43	5.23
Days Sales Outstanding	- -	26.2	31.2	36.86	47.57	48.11	61.91	67.27	69.75
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	592	617	428	522	710	823	1,024	971
- Cash & Cash Equivalents	116	81	123	39	330	64	91	61	291
+ Preferred Equity and Hybrid Capital	7	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	403	93	137	53	132	698	336	334	82
Enterprise Value	-650	-571	-593	-1,098	-1,790	-467	-415	718	128
Total Capital	509	236	319	271	392	1,029	724	815	649
Total Debt/Capital (%)	79.06	39.43	43.08	19.63	33.63	67.87	46.35	41.02	12.6
Total Debt / EV	-0.62	-0.16	-0.23	-0.05	-0.07	-1.49	-0.81	0.47	0.64
EV/Sales	- -	- -	- -	- -	- -	- -	- -	2.27	0.39
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	132.18	18.91
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	5.79	0.95
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	5.71	0.94
Diluted Market Cap	- -	597	626	429	528	719	829	1,035	981
Diluted Enterprise Value	293	610	641	444	330	1,354	1,074	1,308	772
EV per Share	- -	- -	- -	- -	- -	- -	- -	23.48	4.24
TTM Sales	149	178	196	213	203	267	286	316	330
TTM EBITDA	5	5	6	8	5	10	6	5	7
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	24	31	83	66	71	147	117	124	136
TTM Free Cash Flow to Firm	26	32	84	67	73	149	119	126	137

Multiples (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	18.41	7.44	6.37	7.25	4.82	6.99	8.23	7.15
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-650	-571	-593	-1,098	-1,790	-467	-415	718	128
Low Price	- -	13.25	14.58	7.9	13.28	15.58	14.05	21.33	25.03
EV/Sales	- -	- -	- -	- -	- -	- -	- -	2.27	0.39
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	132.18	18.91
Price/Earnings	- -	13.27	13.08	9.27	9.86	8.72	9.36	9.62	9.3
Price/Earnings Average	- -	12.74	11.68	8.59	9.57	7.86	6.66	8.18	8.76
Price/Earnings High	- -	15.63	13.79	13.18	11.89	10.34	9.64	10.98	10.82
Price/Earnings Low	- -	9.02	9.81	5.33	7.81	5.89	4.88	6.13	7.27
Price/Book Value	- -	4.15	3.4	1.97	2	2.15	2.12	2.13	1.71
Price/Book Value Average	- -	3.99	3.04	1.82	1.94	1.94	1.51	1.81	1.61
Price/Book Value High	- -	4.89	3.59	2.8	2.42	2.55	2.18	2.43	1.99
Price/Book Value Low	- -	2.82	2.55	1.13	1.59	1.45	1.11	1.36	1.34
Price/Tangible Book Value	- -	1.42	1.31	0.83	0.95	1.44	1.44	1.48	1.24
Price/Tangible Book Value Average	- -	1.36	1.17	0.77	0.93	1.3	1.03	1.26	1.17
Price/Tangible Book Value High	- -	1.67	1.38	1.18	1.15	1.71	1.49	1.69	1.45
Price/Tangible Book Value Low	- -	0.96	0.98	0.48	0.76	0.97	0.75	0.94	0.97
Price/Sales	- -	3.33	3.15	2.01	2.58	2.66	2.88	3.23	2.94
Price/Sales Average	- -	3.19	2.81	1.86	2.5	2.4	2.05	2.75	2.77
Price/Sales High	- -	3.92	3.32	2.85	3.11	3.16	2.97	3.69	3.42
Price/Sales Low	- -	2.26	2.36	1.15	2.04	1.8	1.5	2.06	2.3
Price/Cash Flow	- -	19.09	7.4	6.5	7.39	4.82	7.02	8.25	7.15
Price/Cash Flow Average	- -	18.33	6.6	6.03	7.18	4.35	5	7.02	6.74
Price/Cash Flow High	- -	22.49	7.79	9.25	8.92	5.72	7.24	9.42	8.32
Price/Cash Flow Low	- -	12.97	5.54	3.74	5.86	3.26	3.66	5.26	5.59
Price/Free Cash Flow Average	- -	17.67	6.64	5.9	7.03	4.35	4.98	7	6.74
Price/Free Cash Flow High	- -	21.69	7.84	9.06	8.74	5.72	7.2	9.39	8.32
Price/Free Cash Flow Low	- -	12.51	5.58	3.66	5.74	3.26	3.64	5.24	5.59
EV/Sales Average	1.96	3.26	2.89	1.93	1.52	4.79	2.91	3.62	2.14
EV/Sales High	1.96	3.99	3.4	2.92	2.13	5.54	3.83	4.55	2.79
EV/Sales Low	1.96	2.33	2.44	1.22	1.06	4.18	2.36	2.93	1.66
EV/EBITDA Average	59.01	112.43	94.27	54.35	63.56	123.26	129.97	210.63	103.84
EV/EBITDA High	59.01	137.41	110.87	82.35	88.87	142.74	170.96	265.33	135.47
EV/EBITDA Low	59.01	80.26	79.57	34.44	44.31	107.75	105.43	170.41	80.89
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	19.5	19.45	13.74	16.77	23.04	26.94	33.47	32.03
High Price	- -	22.97	20.5	19.54	20.22	27.33	27.77	38.19	37.26
Enterprise Value Average	293	581	566	411	308	1,276	831	1,144	706
Enterprise Value High	293	710	666	623	431	1,477	1,094	1,442	921
Enterprise Value Low	293	415	478	260	215	1,115	674	926	550

Shares Outstanding	32	32	32	31	31	31	30	31	30
Diluted Weighted Avg Shares	32	31	32	31	32	31	31	31	31
Basic Weighted Avg Shares	32	30	32	31	31	31	31	31	30
Revenue per Share	4.71	5.86	6.17	6.85	6.51	8.65	9.35	10.35	10.9
EBITDA per Share	0.16	0.17	0.19	0.24	0.16	0.34	0.21	0.18	0.22
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.19	1.47	1.49	1.48	1.7	2.64	2.88	3.48	3.44
Basic EPS from Cont Ops	0.19	1.47	1.49	1.48	1.7	2.64	2.88	3.48	3.44
Diluted EPS, GAAP	0.19	1.46	1.46	1.48	1.68	2.61	2.86	3.44	3.41
Diluted EPS from Cont Ops	0.19	1.46	1.47	1.48	1.68	2.61	2.86	3.44	3.41
Dividend per Share	0.01	0.06	0.26	0.32	0.32	0.36	0.4	0.47	0.57
Cash Flow per Share	0.75	1.02	2.63	2.11	2.27	4.78	3.84	4.06	4.48
Free Cash Flow per Basic Share	0.69	0.97	2.61	2.06	2.19	4.73	3.79	4	4.43
Cash & Equivalents per Share	33.36	41.36	42.46	50.71	78.57	60.87	51.5	20.92	30.49
Book Value per Share	3.14	4.69	5.72	6.99	8.37	10.73	12.71	15.71	18.71
Tangible Book Value per Share	10.62	13.77	14.84	16.62	17.58	15.99	18.66	22.66	25.74

Amalgamated Financial Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)