Bank of Hawaii Corporation Financial Ratios — BOH 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 (%)	16.52	15.9	13.45	13.66	12.59	13.28	12.61	13.92	13.27	8.61	13.31	10.88	7.84	6.47	8.52
Return on Assets (%)	1.19	1.2	1.08	1.13	1.06	1.14	1.1	1.28	1.28	0.79	1.17	0.97	0.72	0.63	0.86
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 (%)	2.51	2.41	2.24	2.24	2.22	2.11	2.03	2.2	4.39	4.77	4.94	4.76	4.9	4.99	4.27
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	38.95	42.31	39.62	42.79	40.16	42.52	41.71	41.24	41.97	27.78	49.33	41.63	33.72	31.29	36.83
Profit Margin (%)	27.47	29	27.84	29.36	27.91	29.72	28.74	33.51	33.17	22.59	38.39	32.35	25.41	23.72	28.95
Net Income to Common Margin (%)	27.47	29	27.84	29.36	27.91	29.72	28.74	33.51	33.17	22.59	37.94	31.22	24.25	21.72	25.98
Effective Tax Rate (%)	29.49	31.46	29.72	31.39	30.49	30.1	31.11	18.73	20.96	18.68	22.17	22.31	24.62	24.19	21.41
Dvd Payout Ratio (%)	53.04	49.16	53.51	48.86	48.76	44.72	47.15	44.85	46.69	69.85	44.18	51.65	68.45	81.77	61.12
Sustainable Growth Rate (%)	7.76	8.08	6.25	6.98	6.45	7.34	6.67	7.68	7.08	2.59	7.43	5.26	2.47	1.18	3.31

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	31	128	175	174	246	268	261	136	194	168	114	511	655	647	651
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	31	128	175	174	246	268	261	136	194	168	114	511	655	647	651
Total Debt/EBITDA	2.1	9.26	14.41	13.98	19.22	20.82	19.98	9.44	6.48	5.17	3.49	15.38	19.85	20.53	21.42
Net Debt/EBITDA	-9.7	-3.91	-2.68	-0.96	5.64	6.6	-1.26	-14.03	-7.67	-7.11	-6.11	2.4	-13.67	-6.78	-13.05
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.25	7.9	8.18	8.35	8.52	8.59	8.85	9.58	9.74	8.8	8.56	8.71	8.88	9.04	9.13
Long-Term Debt/Equity (%)	3.06	12.53	17.26	16.48	22.02	23.07	21.16	10.7	15.06	12.21	7.05	38.79	46.31	38.8	35.14
Long-Term Debt/Capital (%)	2.97	10.56	13.17	12.34	15.73	15.91	14.7	7.63	9.91	8.48	5.06	18.59	22.25	20.7	20.32
Long-Term Debt/Total Assets (%)	0.22	0.93	1.24	1.18	1.59	1.62	1.53	0.79	1.07	0.81	0.5	2.16	2.76	2.74	2.69
Total Debt/Equity (%)	3.06	12.53	17.26	16.48	22.02	23.07	21.16	10.71	15.06	12.21	7.05	38.79	46.31	38.8	35.14
Total Debt/Capital (%)	2.97	10.56	13.17	12.34	15.73	15.91	14.7	7.64	9.91	8.48	5.06	18.59	22.25	20.7	20.32
Total Debt/Total Assets (%)	0.22	0.93	1.24	1.18	1.59	1.62	1.53	0.79	1.07	0.81	0.5	2.16	2.76	2.74	2.69
Net Debt to Equity	-14.14	-5.29	-3.21	-1.14	6.46	7.31	-1.33	-15.92	-17.8	-16.81	-12.34	6.04	-31.89	-12.81	-21.42
Net Debt/Capital (%)	-16.27	-5.2	-2.88	-0.97	5.15	5.62	-1.09	-13.92	-13.87	-13.6	-9.72	3.28	-23.22	-9.04	-17.58
EBITDA	15	14	12	12	13	13	13	14	30	32	33	33	33	32	30
EBITDA-CapEx	5	14	12	12	13	13	-17	-21	-24	-1	10	4	24	22	-4
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	7.25	7.9	8.18	8.35	8.52	8.59	8.85	9.58	9.74	8.8	8.56	8.71	8.88	9.04	9.13
Long-Term Debt/Equity (%)	3.06	12.53	17.26	16.48	22.02	23.07	21.16	10.7	15.06	12.21	7.05	38.79	46.31	38.8	35.14
Long-Term Debt/Capital (%)	2.97	10.56	13.17	12.34	15.73	15.91	14.7	7.63	9.91	8.48	5.06	18.59	22.25	20.7	20.32
Long-Term Debt/Total Assets (%)	0.22	0.93	1.24	1.18	1.59	1.62	1.53	0.79	1.07	0.81	0.5	2.16	2.76	2.74	2.69
Total Debt/Equity (%)	3.06	12.53	17.26	16.48	22.02	23.07	21.16	10.71	15.06	12.21	7.05	38.79	46.31	38.8	35.14
Total Debt/Capital (%)	2.97	10.56	13.17	12.34	15.73	15.91	14.7	7.64	9.91	8.48	5.06	18.59	22.25	20.7	20.32
Total Debt/Total Assets (%)	0.22	0.93	1.24	1.18	1.59	1.62	1.53	0.79	1.07	0.81	0.5	2.16	2.76	2.74	2.69
CFO/Total Liabilities	1.79	1.75	1.85	1.53	1.63	1.48	1.1	2	1.39	0.76	1.78	1.49	0.62	0.78	0.98
CFO/CapEx	22.96	- -	- -	- -	- -	- -	5.75	9.01	4.35	4.4	16.86	11.58	14.76	17.66	6.41
Altman's Z-Score	0.24	0.25	0.27	0.27	0.27	0.31	0.3	0.28	0.31	0.25	0.24	0.23	0.23	0.23	0.23

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	10.59	10.04	9.46	9.62	9.98	10.5	8.1	7.71	9.95	10.61	10.98	10.6	8.59	7.58	8.43
Days Sales Outstanding	34.46	36.35	38.6	37.95	36.56	34.76	45.09	47.34	36.68	34.41	33.25	34.44	42.47	48.18	43.31
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	2,094	1,987	2,625	2,604	2,718	3,782	3,623	2,808	3,843	3,044	3,337	3,071	2,846	2,810	2,709
- Cash & Cash Equivalents	164	173	198	175	163	172	266	327	304	281	199	320	1,001	764	947
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	180	180	180	345	345
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	31	128	175	174	246	268	261	136	194	168	114	511	655	647	651
Enterprise Value	-1,491	-1,425	357	313	545	1,692	1,385	609	1,114	-861	-845	597	271	349	38
Total Capital	1,035	1,213	1,327	1,409	1,563	1,684	1,774	1,778	1,956	1,980	2,245	2,747	2,943	3,126	3,202
Total Debt/Capital (%)	2.97	10.56	13.17	12.34	15.73	15.91	14.7	7.64	9.91	8.48	5.06	18.59	22.25	20.7	20.32
Total Debt / EV	-0.02	-0.09	0.49	0.55	0.45	0.16	0.19	0.22	0.17	-0.19	-0.13	0.86	2.42	1.85	16.92
EV/Sales	- -	- -	0.66	0.56	0.95	2.77	2.15	0.93	1.64	- -	- -	0.86	0.4	0.55	0.05
EV/EBITDA	- -	- -	29.46	25.19	42.59	131.44	106.13	42.33	37.27	- -	- -	17.97	8.21	11.09	1.27
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	1.48	1.5	2.33	7.47	7.91	1.92	4.75	- -	- -	1.79	1.95	2.04	0.18
EV/Free Cash Flow to Firm	- -	- -	1.48	1.5	2.33	7.47	6.73	1.72	3.87	- -	- -	1.65	1.83	1.93	0.15
Diluted Market Cap	2,101	1,993	2,636	2,617	2,733	3,803	3,651	2,827	3,868	3,057	3,355	3,086	2,857	2,828	2,730
Diluted Enterprise Value	1,968	1,948	2,612	2,616	2,816	3,899	3,646	2,636	3,758	2,943	3,450	3,456	2,691	3,057	2,779
EV per Share	- -	- -	8.05	7.14	12.6	39.67	32.75	14.6	27.58	- -	- -	15.08	6.9	8.86	0.97
TTM Sales	583	573	541	555	576	611	643	655	681	681	660	698	674	632	711
TTM EBITDA	15	14	12	12	13	13	13	14	30	32	33	33	33	32	30
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	230	222	242	209	234	227	175	318	234	146	377	333	139	171	218
TTM Free Cash Flow to Firm	240	222	242	209	234	227	206	353	288	180	400	362	148	181	252

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	8.76	8.96	10.89	12.49	11.68	16.79	17.76	8	13.42	17.01	8.4	8.53	19.28	15.66	10.82
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-1,491	-1,425	357	313	545	1,692	1,385	609	1,114	-861	-845	597	271	349	38
Low Price	34.5	41.41	44.88	52.7	53.9	54.55	74.72	63.64	66.54	46.7	75.65	70.15	30.83	54.5	57.45
EV/Sales	- -	- -	0.66	0.56	0.95	2.77	2.15	0.93	1.64	- -	- -	0.86	0.4	0.55	0.05
EV/EBITDA	- -	- -	29.46	25.19	42.59	131.44	106.13	42.33	37.27	- -	- -	17.97	8.21	11.09	1.27
Price/Earnings	13.08	11.97	17.44	15.97	16.92	20.84	19.62	12.79	17.01	19.79	13.33	14.09	17.42	20.46	14.66
Price/Earnings Average	13.01	12.54	15.43	15.54	17.01	16.64	18.89	15.6	14.8	17.18	13.67	14.51	13.42	18.53	14.46
Price/Earnings High	14.49	13.58	17.67	16.62	18.84	21.08	20.79	16.92	17.1	24.67	15.77	16.79	19.65	23.75	16.29
Price/Earnings Low	10.15	11.25	13.23	14.19	14.5	12.82	17.11	12.09	11.89	12.06	12.04	12.75	7.41	15.65	12.31
Price/Book Value	2.08	1.83	2.28	2.11	2.06	2.67	2.4	1.71	2.18	1.68	1.71	1.49	1.35	1.32	1.23
Price/Book Value Average	2.07	1.92	2.02	2.05	2.08	2.13	2.31	2.09	1.9	1.46	1.75	1.54	1.04	1.19	1.21
Price/Book Value High	2.31	2.08	2.31	2.19	2.3	2.7	2.54	2.26	2.19	2.09	2.02	1.78	1.52	1.53	1.36
Price/Book Value Low	1.62	1.72	1.73	1.87	1.77	1.64	2.09	1.62	1.53	1.02	1.54	1.35	0.57	1.01	1.03
Price/Tangible Book Value	2.21	2.06	2.76	2.61	2.56	3.42	3.08	2.32	3.12	2.3	2.42	2.84	2.41	2.21	1.86
Price/Tangible Book Value Average	2.2	2.16	2.44	2.54	2.57	2.73	2.97	2.83	2.72	2	2.48	2.92	1.85	2	1.83
Price/Tangible Book Value High	2.45	2.34	2.79	2.71	2.85	3.46	3.27	3.07	3.14	2.87	2.87	3.38	2.72	2.56	2.07
Price/Tangible Book Value Low	1.71	1.94	2.09	2.32	2.19	2.1	2.69	2.19	2.18	1.4	2.19	2.57	1.02	1.69	1.56
Price/Sales	3.59	3.47	4.86	4.69	4.72	6.19	5.64	4.29	5.64	4.47	5.06	4.4	4.22	4.44	3.81
Price/Sales Average	3.57	3.64	4.3	4.56	4.75	4.94	5.43	5.23	4.91	3.88	5.18	4.53	3.25	4.02	3.76
Price/Sales High	3.98	3.94	4.92	4.88	5.26	6.27	5.97	5.67	5.67	5.57	5.98	5.24	4.77	5.16	4.23
Price/Sales Low	2.79	3.26	3.68	4.17	4.05	3.81	4.92	4.05	3.95	2.73	4.57	3.98	1.8	3.4	3.2
Price/Cash Flow	9.11	8.93	10.85	12.43	11.62	16.7	20.69	8.83	16.41	20.79	8.85	9.22	20.51	16.44	12.41
Price/Cash Flow Average	9.06	9.36	9.6	12.1	11.68	13.33	19.91	10.77	14.27	18.04	9.07	9.5	15.79	14.89	12.24
Price/Cash Flow High	10.09	10.14	10.99	12.94	12.94	16.89	21.92	11.69	16.5	25.92	10.47	10.99	23.13	19.09	13.79
Price/Cash Flow Low	7.07	8.4	8.23	11.04	9.95	10.27	18.04	8.35	11.47	12.67	7.99	8.34	8.73	12.58	10.42
Price/Free Cash Flow Average	8.71	9.39	9.64	12.16	11.74	13.4	17.09	9.76	11.68	14.76	8.61	8.79	14.85	14.18	10.68
Price/Free Cash Flow High	9.7	10.17	11.04	13	13.01	16.98	18.82	10.59	13.5	21.21	9.94	10.16	21.75	18.18	12.02
Price/Free Cash Flow Low	6.8	8.42	8.27	11.1	10.01	10.33	15.48	7.57	9.39	10.37	7.58	7.72	8.2	11.98	9.09
EV/Sales Average	3.34	3.56	4.25	4.56	4.89	5.1	5.42	4.94	4.75	3.71	5.33	5.06	3.01	4.39	3.83
EV/Sales High	3.75	3.86	4.88	4.88	5.4	6.42	5.96	5.38	5.51	5.41	6.13	5.77	4.52	5.52	4.3
EV/Sales Low	2.56	3.18	3.64	4.16	4.19	3.97	4.91	3.76	3.78	2.56	4.71	4.51	1.55	3.76	3.27
EV/EBITDA Average	133.27	147.35	189.56	203.58	220.25	241.98	266.88	224.76	108.19	77.84	107.94	106.36	61.39	87.99	89.62
EV/EBITDA High	149.45	159.85	217.32	217.72	243.35	304.69	293.79	244.99	125.61	113.34	124.09	121.28	92.26	110.75	100.74
EV/EBITDA Low	101.94	131.86	162.28	185.85	188.69	188.17	241.69	171.2	86.23	53.62	95.42	94.78	31.67	75.46	76.55
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	44.49	44.05	59.14	59.31	62.9	88.69	85.7	67.32	95.16	76.62	83.76	77.56	72.46	71.24	68.37
High Price	49.26	49.99	59.92	61.73	70.07	89.72	90.8	89.09	95.68	95.53	99.1	92.38	81.73	82.7	76
Enterprise Value Average	1,949	2,037	2,299	2,533	2,816	3,115	3,482	3,234	3,233	2,529	3,516	3,533	2,025	2,774	2,722
Enterprise Value High	2,186	2,210	2,636	2,709	3,111	3,922	3,833	3,525	3,754	3,682	4,043	4,029	3,044	3,491	3,060
Enterprise Value Low	1,491	1,823	1,968	2,312	2,412	2,422	3,154	2,463	2,577	1,742	3,108	3,148	1,045	2,379	2,325

	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	46	45	44	44	43	43	42	41	40	40	40	40	40	40	40
Diluted Weighted Avg Shares	47	45	45	44	43	43	43	42	41	40	40	40	39	40	40
Basic Weighted Avg Shares	47	45	44	44	43	43	42	42	40	40	40	40	39	39	40
Revenue per Share	12.38	12.69	12.18	12.65	13.32	14.32	15.2	15.71	16.86	17.14	16.57	17.63	17.15	16.03	17.95
EBITDA per Share	0.31	0.31	0.27	0.28	0.3	0.3	0.31	0.34	0.74	0.82	0.82	0.84	0.84	0.8	0.77
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.4	3.68	3.39	3.71	3.72	4.26	4.37	5.26	5.59	3.87	6.29	5.5	4.16	3.48	4.67
Basic EPS from Cont Ops	3.4	3.68	3.39	3.71	3.72	4.26	4.37	5.26	5.59	3.87	6.36	5.7	4.36	3.8	5.2
Diluted EPS, GAAP	3.39	3.67	3.38	3.69	3.7	4.23	4.33	5.23	5.56	3.86	6.25	5.48	4.14	3.46	4.63
Diluted EPS from Cont Ops	3.39	3.67	3.38	3.69	3.7	4.23	4.33	5.23	5.56	3.86	6.33	5.68	4.34	3.78	5.16
Dividend per Share	1.8	1.81	1.81	1.81	1.81	1.9	2.06	2.36	2.61	2.7	2.85	3.04	3.05	3.17	3.38
Cash Flow per Share	4.88	4.93	5.45	4.77	5.41	5.31	4.14	7.62	5.8	3.69	9.47	8.41	3.53	4.33	5.51
Free Cash Flow per Basic Share	4.67	4.93	5.45	4.77	5.41	5.31	3.42	6.78	4.47	2.85	8.91	7.68	3.29	4.09	4.65
Cash & Equivalents per Share	76.82	78.48	55.03	56.13	55.99	55.3	59.11	55.98	72.38	102.52	112.33	79.93	86.82	87.53	92.53
Book Value per Share	21.34	24.05	25.96	28.14	30.47	33.21	35.78	39.36	43.63	45.63	48.97	51.93	53.68	54.1	55.69
Tangible Book Value per Share	20.12	21.39	21.46	22.75	24.57	25.94	27.81	29.06	30.46	33.31	34.59	27.34	30.09	32.24	36.78

Bank of Hawaii Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)