Camden National Corporation Financial Ratios — CAC 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 (%)	14.22	10.44	9.58	9.86	6.64	10.21	6.84	11.98	12.15	12.04	13.07	10.92	7.39	8.67	9.4
Return on Assets (%)	1.14	0.96	0.88	0.91	0.64	1.06	0.72	1.27	1.31	1.28	1.33	1.1	0.76	0.92	1.02
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 (%)	3.3	3.31	4.22	4.25	4.39	4.25	3.69	2.89	2.77	2.46	2.39	2.24	2.53	2.24	4.47
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	39.31	35.98	35.48	36.41	27.55	38.64	41.25	42.33	43.09	40.64	47.38	41.92	34.44	37.92	31.68
Profit Margin (%)	27.11	24.57	23.15	24.84	18.71	26.91	18.84	34.15	34.43	32.5	37.74	33.43	27.75	30.71	26.24
Net Income to Common Margin (%)	27.07	24.5	23.08	24.77	18.65	26.78	18.76	34.06	34.36	32.5	37.74	33.43	27.75	30.71	26.24
Effective Tax Rate (%)	31.04	31.72	34.75	31.77	32.1	30.37	54.33	19.32	20.08	20.04	20.34	20.26	19.42	19.03	17.16
Dvd Payout Ratio (%)	43.93	32.55	35.46	32.7	46.55	30.61	50.09	32.16	32.32	33.36	30.55	38.27	56.56	46.33	43.7
Sustainable Growth Rate (%)	7.97	7.04	6.18	6.63	3.55	7.09	3.41	8.12	8.22	8.02	9.08	6.74	3.21	4.65	5.29

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	241	143	370	389	357	369	367	96	100	84	44	113	329	369	390
ST Debt	59	42	269	288	268	300	297	25	31	- -	- -	69	285	325	327
LT Debt	182	101	101	101	89	70	70	71	69	84	44	44	44	44	63
Total Debt/EBITDA	75.66	45.28	89.05	92.68	72.63	58.31	65.86	21.3	21.74	18.7	10.16	27.47	83.09	95.53	35.09
Net Debt/EBITDA	62.95	26.46	76.43	77.96	56.28	44.32	47.23	6.03	5.28	-13.62	-40.41	9.14	57.9	39.93	26.31
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.42	9	9.35	9.09	10.12	10.49	10.42	10.71	10.83	10.38	9.95	10.18	10.44	10.78	10.91
Long-Term Debt/Equity (%)	83.18	43.32	43.71	41.2	24.63	17.76	17.28	16.21	14.59	15.93	8.19	9.82	8.95	8.34	8.97
Long-Term Debt/Capital (%)	39.79	27.1	16.47	15.71	12.21	8.98	8.82	12.71	11.92	14.22	7.49	6.42	4.79	4.45	5.43
Long-Term Debt/Total Assets (%)	7.91	3.95	3.88	3.62	2.41	1.8	1.71	1.64	1.56	1.72	0.81	0.78	0.78	0.76	0.9
Total Debt/Equity (%)	110	61.13	160.06	158.76	98.38	94.26	90.94	21.95	21.1	15.93	8.19	25.05	66.51	69.52	55.92
Total Debt/Capital (%)	52.62	38.24	60.31	60.55	48.77	47.65	46.41	17.21	17.24	14.22	7.49	16.38	35.56	37.11	33.86
Total Debt/Total Assets (%)	10.46	5.57	14.21	13.95	9.63	9.55	9.02	2.23	2.26	1.72	0.81	1.99	5.76	6.36	5.58
Net Debt to Equity	91.52	35.73	137.39	133.55	76.24	71.64	65.22	6.21	5.13	-11.61	-32.57	8.34	46.35	29.06	41.92
Net Debt/Capital (%)	47.89	26.48	56.5	56.26	42.39	40.84	38.27	5.54	4.82	-13.74	-47.49	6.12	27.78	19.78	27.73
EBITDA	3	3	4	4	5	6	6	4	5	5	4	4	4	4	11
EBITDA-CapEx	2	- -	3	3	2	5	3	-1	- -	2	3	2	1	-2	5
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	9.42	9	9.35	9.09	10.12	10.49	10.42	10.71	10.83	10.38	9.95	10.18	10.44	10.78	10.91
Long-Term Debt/Equity (%)	83.18	43.32	43.71	41.2	24.63	17.76	17.28	16.21	14.59	15.93	8.19	9.82	8.95	8.34	8.97
Long-Term Debt/Capital (%)	39.79	27.1	16.47	15.71	12.21	8.98	8.82	12.71	11.92	14.22	7.49	6.42	4.79	4.45	5.43
Long-Term Debt/Total Assets (%)	7.91	3.95	3.88	3.62	2.41	1.8	1.71	1.64	1.56	1.72	0.81	0.78	0.78	0.76	0.9
Total Debt/Equity (%)	110	61.13	160.06	158.76	98.38	94.26	90.94	21.95	21.1	15.93	8.19	25.05	66.51	69.52	55.92
Total Debt/Capital (%)	52.62	38.24	60.31	60.55	48.77	47.65	46.41	17.21	17.24	14.22	7.49	16.38	35.56	37.11	33.86
Total Debt/Total Assets (%)	10.46	5.57	14.21	13.95	9.63	9.55	9.02	2.23	2.26	1.72	0.81	1.99	5.76	6.36	5.58
CFO/Total Liabilities	1.6	1.82	1.25	1.17	0.48	1.65	1.59	1.67	0.83	0.42	2.88	2.01	1.29	1.16	1.02
CFO/CapEx	22.05	12.44	19.95	22.71	4.99	34.36	20.51	12.81	7.7	6.23	77.06	48.18	25.75	10.93	11.2
Altman's Z-Score	0.22	0.21	0.23	0.21	0.18	0.25	0.24	0.22	0.26	0.22	0.23	0.22	0.21	0.23	0.22

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	14.51	15.08	16.37	16.73	16	17.9	34.93	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	25.15	24.2	22.3	21.82	22.82	20.39	10.45	- -	- -	- -	- -	- -	- -	- -	- -
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	250	260	319	297	354	686	653	560	712	537	719	613	548	624	732
- Cash & Cash Equivalents	39	58	51	61	79	88	103	67	76	146	221	75	100	215	97
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	241	143	370	389	357	369	367	96	100	84	44	113	329	369	390
Enterprise Value	-139	-437	-171	-138	-119	187	127	-322	-182	-640	-964	-45	151	185	115
Total Capital	458	374	613	643	733	775	790	556	580	593	592	690	926	995	1,150
Total Debt/Capital (%)	52.62	38.24	60.31	60.55	48.77	47.65	46.41	17.21	17.24	14.22	7.49	16.38	35.56	37.11	33.86
Total Debt / EV	-1.74	-0.33	-2.17	-2.82	-3.01	1.97	2.88	-0.3	-0.55	-0.13	-0.05	-2.49	2.17	2	3.38
EV/Sales	- -	- -	- -	- -	- -	1.26	0.84	- -	- -	- -	- -	- -	0.97	1.07	0.46
EV/EBITDA	- -	- -	- -	- -	- -	29.55	22.87	- -	- -	- -	- -	- -	38.23	47.77	10.38
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	3.26	2.18	- -	- -	- -	- -	- -	2.24	3.03	1.8
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	3.16	2.08	- -	- -	- -	- -	- -	2.16	2.78	1.65
Diluted Market Cap	250	260	320	298	355	689	657	562	714	539	723	614	550	626	736
Diluted Enterprise Value	452	345	639	626	633	971	921	591	738	477	546	652	779	780	1,028
EV per Share	- -	- -	- -	- -	- -	12.13	8.21	- -	- -	- -	- -	- -	10.41	12.65	6.82
TTM Sales	97	95	98	99	112	149	151	155	166	183	183	184	156	173	248
TTM EBITDA	3	3	4	4	5	6	6	4	5	5	4	4	4	4	11
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	33	42	30	30	16	57	58	64	33	18	143	105	68	61	64
TTM Free Cash Flow to Firm	35	46	31	31	19	59	61	69	37	21	145	107	70	67	70

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	7.16	5.69	10.25	9.54	18.57	11.66	10.73	8.1	19.23	25.47	5	5.72	7.84	9.41	10.57
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-139	-437	-171	-138	-119	187	127	-322	-182	-640	-964	-45	151	185	115
Low Price	16.39	20.42	21.15	23.01	24.13	24.82	37.1	33.49	35.15	25.74	35.57	40.35	26.52	28.62	34.53
EV/Sales	- -	- -	- -	- -	- -	1.26	0.84	- -	- -	- -	- -	- -	0.97	1.07	0.46
EV/EBITDA	- -	- -	- -	- -	- -	29.55	22.87	- -	- -	- -	- -	- -	38.23	47.77	10.38
Price/Earnings	9.57	11.12	14.06	12.12	16.92	17.19	23.04	10.58	12.47	9.04	10.42	9.97	12.63	11.77	11.24
Price/Earnings Average	9.28	11.38	12.5	11.46	15.33	11.84	23.12	12.8	11.72	8.85	9.94	10.89	11.51	10.16	10.54
Price/Earnings High	11.13	13.23	14.75	12.92	18.23	17.57	25.93	14.08	12.8	12.24	11.03	12.48	14.41	13.79	12.12
Price/Earnings Low	7.22	10.02	10.66	10.5	13.9	9.6	20.29	9.85	9.52	6.5	7.7	9.65	8.9	7.88	8.95
Price/Book Value	1.15	1.13	1.31	1.17	0.94	1.69	1.54	1.22	1.48	1.06	1.31	1.06	0.92	1	0.96
Price/Book Value Average	1.12	1.15	1.17	1.11	0.85	1.16	1.55	1.47	1.39	1.04	1.25	1.16	0.84	0.86	0.9
Price/Book Value High	1.34	1.34	1.38	1.25	1.01	1.73	1.74	1.62	1.52	1.43	1.39	1.33	1.05	1.17	1.04
Price/Book Value Low	0.87	1.01	0.99	1.01	0.77	0.94	1.36	1.13	1.13	0.76	0.97	1.03	0.65	0.67	0.77
Price/Tangible Book Value	1.44	1.44	1.76	1.51	1.37	2.36	2.15	1.66	1.9	1.24	1.62	1.73	1.37	1.43	1.46
Price/Tangible Book Value Average	1.4	1.47	1.56	1.43	1.24	1.63	2.16	2.01	1.78	1.22	1.54	1.89	1.25	1.24	1.37
Price/Tangible Book Value High	1.67	1.71	1.84	1.61	1.47	2.42	2.42	2.21	1.95	1.69	1.71	2.16	1.57	1.68	1.57
Price/Tangible Book Value Low	1.09	1.3	1.33	1.31	1.12	1.32	1.89	1.55	1.45	0.9	1.2	1.67	0.97	0.96	1.16
Price/Sales	2.59	2.72	3.25	3	3.16	4.6	4.32	3.6	4.29	2.94	3.93	3.33	3.5	3.62	2.95
Price/Sales Average	2.51	2.79	2.89	2.84	2.86	3.17	4.34	4.36	4.03	2.88	3.75	3.64	3.19	3.12	2.77
Price/Sales High	3.01	3.24	3.4	3.2	3.4	4.71	4.86	4.8	4.4	3.98	4.16	4.17	4	4.24	3.18
Price/Sales Low	1.95	2.46	2.46	2.6	2.59	2.57	3.81	3.36	3.27	2.11	2.91	3.23	2.47	2.42	2.35
Price/Cash Flow	7.48	6.14	10.74	9.93	22.21	11.94	11.2	8.71	21.66	29.48	5.04	5.83	8.11	10.24	11.46
Price/Cash Flow Average	7.26	6.28	9.55	9.39	20.12	8.22	11.24	10.53	20.35	28.89	4.81	6.36	7.4	8.84	10.75
Price/Cash Flow High	8.7	7.3	11.27	10.59	23.93	12.2	12.61	11.58	22.22	39.95	5.33	7.29	9.26	12	12.36
Price/Cash Flow Low	5.64	5.53	8.15	8.61	18.24	6.67	9.86	8.11	16.53	21.21	3.72	5.64	5.72	6.86	9.12
Price/Free Cash Flow Average	6.95	5.82	9.12	9.02	16.83	8.03	10.77	9.8	18.06	24.96	4.77	6.25	7.14	8.12	9.92
Price/Free Cash Flow High	8.33	6.77	10.76	10.17	20.01	11.92	12.08	10.78	19.72	34.51	5.29	7.16	8.95	11.02	11.41
Price/Free Cash Flow Low	5.4	5.13	7.78	8.26	15.25	6.51	9.45	7.55	14.67	18.32	3.69	5.54	5.52	6.3	8.42
EV/Sales Average	4.6	3.68	6.12	6.16	5.34	5.06	6.08	4.54	4.17	2.54	2.79	3.85	4.66	4.02	3.94
EV/Sales High	5.1	4.13	6.64	6.52	5.88	6.59	6.61	4.98	4.54	3.64	3.2	4.38	5.47	5.13	4.36
EV/Sales Low	4.04	3.34	5.7	5.92	5.07	4.46	5.55	3.54	3.42	1.78	1.94	3.43	3.94	3.32	3.52
EV/EBITDA Average	139.51	111.02	145.05	145.05	121.58	119.04	165.08	157.2	150.82	103.16	116.81	171.8	183.88	179.28	88.17
EV/EBITDA High	154.7	124.73	157.35	153.55	133.89	155.16	179.39	172.36	164.22	147.85	134	195.45	215.68	229.04	97.47
EV/EBITDA Low	122.58	101.01	134.99	139.44	115.48	104.94	150.68	122.52	123.52	72.11	81.38	153.27	155.33	148.03	78.81
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	21.73	22.65	27.89	26.56	29.39	44.45	42.13	35.97	46.06	35.78	48.16	41.69	37.63	42.74	43.38
High Price	25.27	26.95	29.26	28.31	31.66	45.43	47.41	47.86	47.25	48.48	50.94	52.16	42.95	50.07	46.8
Enterprise Value Average	444	350	603	609	598	753	920	706	693	465	510	707	729	693	979
Enterprise Value High	492	394	654	645	659	982	999	774	755	667	585	804	855	885	1,082
Enterprise Value Low	390	319	561	586	568	664	839	550	568	325	355	631	616	572	875

	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	11	11	11	11	15	15	16	16	15	15	15	15	15	15	17
Diluted Weighted Avg Shares	12	11	11	11	12	16	16	16	16	15	15	15	15	15	17
Basic Weighted Avg Shares	12	11	11	11	12	15	16	16	15	15	15	15	15	15	17
Revenue per Share	8.39	8.31	8.59	8.85	9.31	9.66	9.75	9.98	10.75	12.19	12.24	12.5	10.74	11.82	14.71
EBITDA per Share	0.28	0.28	0.36	0.38	0.41	0.41	0.36	0.29	0.3	0.3	0.29	0.28	0.27	0.26	0.66
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.27	2.04	1.98	2.19	1.74	2.59	1.83	3.4	3.69	3.96	4.62	4.18	2.98	3.63	3.86
Basic EPS from Cont Ops	2.27	2.04	1.99	2.2	1.74	2.6	1.84	3.41	3.7	3.96	4.62	4.18	2.98	3.63	3.86
Diluted EPS, GAAP	2.27	2.03	1.98	2.19	1.73	2.57	1.82	3.39	3.68	3.95	4.6	4.17	2.97	3.62	3.84
Diluted EPS from Cont Ops	2.27	2.04	1.98	2.19	1.74	2.58	1.83	3.4	3.69	3.95	4.6	4.17	2.97	3.62	3.84
Dividend per Share	1	0.67	0.71	0.72	0.81	0.8	0.92	1.1	1.2	1.32	1.41	1.6	1.69	1.68	1.69
Cash Flow per Share	2.9	3.69	2.6	2.67	1.32	3.72	3.76	4.13	2.13	1.21	9.55	7.16	4.64	4.17	3.79
Free Cash Flow per Basic Share	2.77	3.39	2.47	2.56	1.06	3.61	3.58	3.81	1.85	1.02	9.43	7.01	4.46	3.79	3.45
Cash & Equivalents per Share	54.69	73.18	75.08	73.72	68.97	56.26	57.57	62.79	64.28	83.98	115.68	52.48	49.84	55.38	59.63
Book Value per Share	18.84	20.12	21.26	22.68	31.2	26.29	27.31	29.56	31.03	33.86	36.65	39.27	40.98	42.86	45.08
Tangible Book Value per Share	15.09	15.74	15.87	17.62	21.52	18.81	19.59	21.64	24.27	28.74	29.75	24.15	27.43	29.87	29.77

Camden National Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)