Axos Financial, Inc. Financial Ratios — AX Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	40.44	37.92	36.46	35.72	36.6	36.5	29.7	25.52	20.66	19.94	19.61	18.39	19.41	22.94	18.02
Return on Assets (%)	1.22	1.36	1.47	1.49	1.62	1.78	1.67	1.69	1.49	1.46	1.53	1.52	1.63	2.08	1.82
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	0.93	1.38	1.47	1.8	1.43	1.46	1.6	1.95	3.37	6.11	4.81	3.49	2.63	2.52	2.34
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	51.38	51.84	52.73	59.08	61.37	62.59	61.02	54.55	43.56	45.88	48.31	48.2	48.5	59.2	49.4
Profit Margin (%)	30.94	30.85	31.15	35.07	36.02	36.44	35.33	34.68	31.75	32.05	34.08	34.13	34.51	41.92	34.86
Net Income to Common Margin (%)	30.48	29.52	30.51	34.88	35.89	36.35	35.25	34.61	31.69	31.99	34.07	34.13	34.51	41.92	34.86
Effective Tax Rate (%)	39.78	40.5	40.92	40.64	41.3	41.78	42.1	36.42	27.1	30.15	29.45	29.19	28.85	29.19	29.42
Dvd Payout Ratio (%)	- -	-1.07	0.77	- -	- -	- -	- -	- -	-0.05	0.04	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	40.44	38.33	36.18	35.72	36.6	36.5	29.7	25.52	20.67	19.93	19.61	18.39	19.41	22.94	18.02

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	313	661	596	915	758	783	694	512	627	478	575	563	452	416	373
ST Debt	138	234	- -	- -	- -	- -	- -	- -	- -	152	- -	28	- -	30	- -
LT Debt	175	427	596	915	758	783	694	512	627	326	575	535	452	386	373
Total Debt/EBITDA	505.91	502.4	312.8	318.43	231.64	163.3	113.96	59.66	38.09	13.67	18.88	22.88	19.32	15.35	12.84
Net Debt/EBITDA	496.5	486.72	209.72	264.33	163.58	61.81	10.88	-12.97	7.06	-36.53	-4.62	-26.01	-76.16	-57.75	-53.8
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	3.11	3.71	4.14	4.17	4.58	5.07	6.12	7.04	7.37	7.29	8.33	8.21	8.53	9.57	10.57
Long-Term Debt/Equity (%)	118.2	206.73	222.01	246.82	142.1	114.54	83.24	53.26	58.47	26.51	41.03	32.58	23.57	16.84	13.9
Long-Term Debt/Capital (%)	46.21	55.18	81.74	82.91	73.63	66.72	56.95	43.04	42.99	21.85	32.6	26.87	20.65	14.82	12.46
Long-Term Debt/Total Assets (%)	9	17.9	19.27	20.78	13.02	10.3	8.17	5.36	5.59	2.36	4.03	3.08	2.22	1.69	1.5
Total Debt/Equity (%)	211.59	319.99	222.01	246.82	142.1	114.54	83.24	53.26	58.47	38.86	41.03	34.25	23.57	18.15	13.9
Total Debt/Capital (%)	82.72	85.41	81.74	82.91	73.63	66.72	56.95	43.04	42.99	32.03	32.6	28.25	20.65	15.98	12.46
Total Debt/Total Assets (%)	16.12	27.7	19.27	20.78	13.02	10.3	8.17	5.36	5.59	3.45	4.03	3.23	2.22	1.82	1.5
Net Debt to Equity	207.65	310	148.85	204.89	100.35	43.36	7.95	-11.58	10.84	-103.85	-10.05	-38.94	-92.91	-68.29	-58.24
Net Debt/Capital (%)	82.45	85.01	75.01	80.1	66.35	43.15	11.21	-19.65	12.27	485.72	-13.44	-81.07	3,963.26	-251.49	-147.55
EBITDA	1	1	2	3	3	5	6	9	16	35	30	25	23	27	29
EBITDA-CapEx	-3	-1	-2	- -	-2	-5	-3	-3	-4	23	20	3	-7	-9	-25
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	3.11	3.71	4.14	4.17	4.58	5.07	6.12	7.04	7.37	7.29	8.33	8.21	8.53	9.57	10.57
Long-Term Debt/Equity (%)	118.2	206.73	222.01	246.82	142.1	114.54	83.24	53.26	58.47	26.51	41.03	32.58	23.57	16.84	13.9
Long-Term Debt/Capital (%)	46.21	55.18	81.74	82.91	73.63	66.72	56.95	43.04	42.99	21.85	32.6	26.87	20.65	14.82	12.46
Long-Term Debt/Total Assets (%)	9	17.9	19.27	20.78	13.02	10.3	8.17	5.36	5.59	2.36	4.03	3.08	2.22	1.69	1.5
Total Debt/Equity (%)	211.59	319.99	222.01	246.82	142.1	114.54	83.24	53.26	58.47	38.86	41.03	34.25	23.57	18.15	13.9
Total Debt/Capital (%)	82.72	85.41	81.74	82.91	73.63	66.72	56.95	43.04	42.99	32.03	32.6	28.25	20.65	15.98	12.46
Total Debt/Total Assets (%)	16.12	27.7	19.27	20.78	13.02	10.3	8.17	5.36	5.59	3.45	4.03	3.23	2.22	1.82	1.5
CFO/Total Liabilities	0.23	-2.58	0.56	0.53	2.19	2.41	2.59	1.96	2.01	2.25	3.21	1.37	1.07	1.49	2.22
CFO/CapEx	1.31	-21.89	4.02	6.74	22.69	16.3	22.66	14.21	10.18	23.04	39.53	10.07	6.51	8.49	9.04
Altman's Z-Score	0.13	0.15	0.23	0.25	0.29	0.21	0.25	0.33	0.25	0.21	0.29	0.24	0.24	0.28	0.32

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	11.45	13.23	14.67	13.51	13.45	14.09	16.23	42.29	5.19	2.86	2.35	2.22	2.88	4.05	5.46
Days Sales Outstanding	31.88	27.6	24.88	27.02	27.14	25.91	22.48	8.63	70.37	127.46	155.02	164.4	126.81	90.03	66.89
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)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	155	227	603	1,056	1,616	1,139	1,540	2,637	1,688	1,343	2,748	2,136	2,352	3,289	4,324
- Cash & Cash Equivalents	6	21	196	155	223	487	628	623	511	1,756	716	1,203	2,233	1,980	1,934
+ Preferred Equity and Hybrid Capital	5	25	5	5	5	5	5	5	5	5	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	313	661	596	915	758	783	694	512	627	478	575	563	452	416	373
Enterprise Value	321	728	821	1,606	1,993	1,175	1,347	2,350	1,581	-117	2,420	1,234	339	1,584	2,697
Total Capital	378	774	729	1,104	1,030	1,174	1,219	1,189	1,459	1,493	1,763	1,992	2,188	2,602	2,992
Total Debt/Capital (%)	82.72	85.41	81.74	82.91	73.63	66.72	56.95	43.04	42.99	32.03	32.6	28.25	20.65	15.98	12.46
Total Debt / EV	0.97	0.91	0.73	0.57	0.38	0.67	0.52	0.22	0.4	-4.07	0.24	0.46	1.33	0.26	0.14
EV/Sales	4.83	7.62	6.35	10.07	8.68	3.59	3.53	5.35	3.24	- -	3.82	1.75	0.38	1.48	2.17
EV/EBITDA	519.95	553.45	431.4	558.94	608.8	245.05	221.09	274.11	96.01	- -	79.48	50.16	14.48	58.47	92.95
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	78.09	- -	52.15	75.35	17.16	7.04	6.79	14	7.74	- -	5.86	5.7	1.72	5.18	5.5
EV/Free Cash Flow to Firm	44.23	- -	41.77	65.61	16.44	6.63	6.5	13.08	7.04	- -	5.72	5.18	1.49	4.64	4.95
Diluted Market Cap	156	239	626	1,062	1,622	1,139	1,540	2,637	1,701	1,357	2,808	2,174	2,389	3,357	4,429
Diluted Enterprise Value	468	904	1,030	1,827	2,162	1,440	1,612	2,531	1,823	84	2,667	1,534	608	1,793	2,868
EV per Share	7.46	15.82	15.61	27.93	32.6	18.27	20.75	36.47	25.54	- -	40.85	20.71	5.68	27.52	47.43
TTM Sales	67	96	129	160	230	327	381	439	489	572	633	705	890	1,073	1,242
TTM EBITDA	1	1	2	3	3	5	6	9	16	35	30	25	23	27	29
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	4	-56	16	21	116	167	198	168	204	284	413	217	197	305	490
TTM Free Cash Flow to Firm	7	-54	20	24	121	177	207	180	225	296	423	238	227	341	545

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	21.54	-4.45	31.81	43.38	13.38	6.43	7.43	14.67	7.58	4.58	6.64	9.13	10.53	9.83	8.13
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	321	728	821	1,606	1,993	1,175	1,347	2,350	1,581	-117	2,420	1,234	339	1,584	2,697
Low Price	2.7	2.86	4.88	11.4	16.16	13.47	15.29	23.33	23.87	13.68	18.97	34.11	33.15	32.05	54.46
EV/Sales	4.83	7.62	6.35	10.07	8.68	3.59	3.53	5.35	3.24	- -	3.82	1.75	0.38	1.48	2.17
EV/EBITDA	519.95	553.45	431.4	558.94	608.8	245.05	221.09	274.11	96.01	- -	79.48	50.16	14.48	58.47	92.95
Price/Earnings	7.65	8.07	15.27	18.98	19.61	9.57	11.46	17.33	10.9	7.34	12.74	8.87	7.66	7.31	9.99
Price/Earnings Average	7.64	6.55	10.37	19.09	15.45	12.23	11.55	13.92	12.8	8.45	10	12.06	7.79	6.1	9.01
Price/Earnings High	9	8.13	16.66	27.53	20.11	19.45	15.73	19.14	17.28	10.26	14.93	15.46	9.99	8.06	11.62
Price/Earnings Low	5.73	4.68	6.5	11.78	11.99	7.28	7.39	9.89	9.55	4.55	5.21	8.44	6.44	4.1	7.15
Price/Book Value	2.57	2.57	4.71	5.75	6.06	2.95	2.96	3.92	2.04	1.33	2.31	1.49	1.35	1.5	1.65
Price/Book Value Average	2.57	2.09	3.2	5.79	4.78	3.78	2.99	3.15	2.4	1.53	1.82	2.03	1.38	1.26	1.49
Price/Book Value High	3.03	2.59	5.14	8.34	6.22	6	4.07	4.33	3.23	1.86	2.71	2.6	1.77	1.66	1.92
Price/Book Value Low	1.93	1.49	2	3.57	3.71	2.25	1.91	2.24	1.79	0.82	0.95	1.42	1.14	0.84	1.18
Price/Tangible Book Value	1.09	1.25	2.29	2.89	3.07	1.69	1.87	3.01	1.83	1.23	2.17	1.46	1.35	1.55	1.72
Price/Tangible Book Value Average	1.08	1.02	1.55	2.91	2.42	2.16	1.89	2.41	2.15	1.42	1.7	1.99	1.38	1.3	1.55
Price/Tangible Book Value High	1.28	1.26	2.5	4.2	3.15	3.43	2.57	3.32	2.9	1.72	2.54	2.55	1.76	1.71	2
Price/Tangible Book Value Low	0.81	0.72	0.97	1.8	1.88	1.28	1.21	1.71	1.6	0.76	0.89	1.39	1.14	0.87	1.23
Price/Sales	2.33	2.38	4.66	6.62	7.04	3.48	4.04	6	3.45	2.35	4.34	3.03	2.64	3.06	3.48
Price/Sales Average	2.33	1.93	3.16	6.66	5.54	4.45	4.07	4.82	4.06	2.7	3.41	4.11	2.69	2.56	3.14
Price/Sales High	2.74	2.4	5.08	9.6	7.22	7.07	5.55	6.63	5.47	3.28	5.09	5.27	3.45	3.38	4.05
Price/Sales Low	1.75	1.38	1.98	4.11	4.3	2.65	2.6	3.42	3.03	1.45	1.78	2.88	2.22	1.72	2.49
Price/Cash Flow	37.69	-4.04	38.26	49.55	13.91	6.82	7.76	15.7	8.26	4.73	6.66	9.86	11.96	10.77	8.82
Price/Cash Flow Average	37.61	-3.29	25.97	49.83	10.96	8.72	7.82	12.61	9.7	5.44	5.23	13.4	12.16	8.99	7.95
Price/Cash Flow High	44.34	-4.08	41.74	71.87	14.27	13.86	10.66	17.34	13.08	6.61	7.8	17.17	15.6	11.87	10.26
Price/Cash Flow Low	28.25	-2.34	16.28	30.76	8.51	5.19	5	8.95	7.23	2.93	2.72	9.38	10.05	6.04	6.32
Price/Free Cash Flow Average	21.49	-3.62	21.59	43.62	10.54	8.22	7.49	11.78	8.9	5.27	5.21	12.4	10.71	8.21	7.33
Price/Free Cash Flow High	25.33	-4.49	34.7	62.91	13.71	13.06	10.21	16.2	12.01	6.4	7.78	15.9	13.74	10.84	9.46
Price/Free Cash Flow Low	16.14	-2.58	13.54	26.92	8.18	4.89	4.79	8.37	6.64	2.84	2.71	8.69	8.85	5.51	5.82
EV/Sales Average	7.02	8.89	6.29	11.45	7.9	5.37	4.26	4.58	4.31	0.48	3.19	3.21	0.69	1.1	1.88
EV/Sales High	7.43	9.36	8.21	14.4	9.57	7.99	5.73	6.38	5.72	1.06	4.87	4.37	1.45	1.92	2.79
EV/Sales Low	6.44	8.34	5.11	8.9	6.66	3.57	2.79	3.18	3.27	- -	1.55	1.97	0.22	0.26	1.24
EV/EBITDA Average	755.14	645.81	427.18	635.73	553.96	366.43	266.46	234.5	127.72	7.82	66.23	91.99	26.14	43.63	80.54
EV/EBITDA High	799.9	679.68	557.62	799.17	671.18	545.46	358.8	327.24	169.76	17.33	101.14	125.25	55.07	76.09	119.54
EV/EBITDA Low	692.79	605.58	347.08	494.23	466.85	243.54	174.65	162.99	97.12	-12.59	32.28	56.62	8.37	10.34	52.92
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	3.6	4.94	11.46	18.37	26.43	17.71	23.72	40.91	27.25	22.08	46.39	35.85	39.44	57.15	76.04
High Price	4.24	4.98	12.5	26.64	27.09	35.98	32.57	45.18	43.19	30.89	54.36	62.44	51.46	63	88.46
Enterprise Value Average	467	850	813	1,827	1,813	1,757	1,624	2,011	2,104	274	2,016	2,263	611	1,182	2,337
Enterprise Value High	494	894	1,062	2,297	2,197	2,615	2,187	2,806	2,796	606	3,079	3,081	1,288	2,061	3,469
Enterprise Value Low	428	797	661	1,420	1,528	1,168	1,064	1,397	1,600	-441	983	1,393	196	280	1,536

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	42	46	55	58	62	63	64	63	61	60	59	60	59	57	56
Diluted Weighted Avg Shares	43	48	55	58	61	64	65	64	62	61	61	61	61	59	58
Basic Weighted Avg Shares	43	46	53	58	61	64	65	64	62	61	59	60	60	58	57
Revenue per Share	1.54	2.08	2.46	2.77	3.75	5.09	5.87	6.82	7.89	9.41	10.68	11.84	14.92	18.65	21.84
EBITDA per Share	0.01	0.03	0.04	0.05	0.05	0.07	0.09	0.13	0.27	0.58	0.51	0.41	0.39	0.47	0.51
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.47	0.61	0.75	0.97	1.35	1.85	2.07	2.36	2.5	3.01	3.64	4.04	5.15	7.82	7.61
Basic EPS from Cont Ops	0.48	0.64	0.77	0.97	1.35	1.85	2.07	2.36	2.5	3.02	3.64	4.04	5.15	7.82	7.61
Diluted EPS, GAAP	0.47	0.58	0.72	0.96	1.34	1.85	2.07	2.36	2.48	2.98	3.56	3.97	5.07	7.66	7.43
Diluted EPS from Cont Ops	0.47	0.61	0.74	0.97	1.35	1.85	2.07	2.36	2.48	2.99	3.56	3.97	5.07	7.66	7.43
Dividend per Share	0.01	0.02	0.02	0.01	0.01	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -
Cash Flow per Share	0.1	-1.22	0.3	0.37	1.9	2.6	3.06	2.61	3.3	4.67	6.97	3.64	3.3	5.31	8.62
Free Cash Flow per Basic Share	0.02	-1.28	0.22	0.32	1.82	2.44	2.92	2.42	2.98	4.47	6.79	3.27	2.79	4.68	7.67
Cash & Equivalents per Share	3.52	4.01	7.26	6.44	6.32	11.69	13.75	12.46	11.93	31.95	15.25	24.59	41.34	36.85	35.16
Book Value per Share	1.4	1.92	2.43	3.19	4.36	5.99	8.01	10.43	13.35	16.6	20.06	23.99	29.11	37.99	46.06
Tangible Book Value per Share	3.31	3.95	5	6.35	8.61	10.49	12.66	13.61	14.91	17.91	21.39	24.53	29.17	36.84	44.3

Axos Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)