Pathward Financial, Inc. Financial Ratios — CASH 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 (%)	10.54	32.18	20.31	20.25	19.81	29.44	30.48	27.1	41.58	42.88	57.28	59.83	58.2	62.75	53.31
Return on Assets (%)	0.4	1.17	0.8	0.84	0.79	1.02	0.97	0.93	1.61	1.71	2.22	2.25	2.01	2.44	2.53
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 (%)	14.24	23.68	27.79	21.99	28.63	24.2	19.92	13.71	12.19	13.7	11.62	11.88	10.82	8.92	8.87
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	12.06	31.18	22.55	22.56	19.25	26.38	24.39	20.86	21.65	25.95	30.78	34.77	25.82	33.75	33.11
Profit Margin (%)	6.77	19.92	17.67	19.04	17.9	22.57	19.86	18.76	21.44	23.63	27.88	29.15	23.85	28.29	27.59
Net Income to Common Margin (%)	6.77	19.92	17.67	19.04	17.9	22.57	19.86	18.76	21.44	23.63	27.88	29.15	23.85	28.29	27.59
Effective Tax Rate (%)	43.85	36.13	21.63	15.61	7.04	14.43	18.55	8.91	- -	4.92	6.84	14.53	6.18	15.6	16.26
Dvd Payout Ratio (%)	34.94	10.7	21.81	20.26	19.35	13.21	10.77	10.83	7.35	6.23	4.27	3.77	3.67	2.73	2.5
Sustainable Growth Rate (%)	6.86	28.74	15.88	16.15	15.98	25.55	27.2	24.17	38.52	40.21	54.83	57.58	56.06	61.04	51.98

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	21	21	17	17	559	1,185	1,488	511	858	98	93	36	47	410	42
ST Debt	- -	- -	- -	- -	540	1,092	1,402	422	642	- -	- -	- -	13	377	9
LT Debt	21	21	17	17	19	92	86	89	216	98	93	36	34	33	33
Total Debt/EBITDA	2.18	1.05	0.82	0.95	19.37	33.26	33.02	13.55	15.55	1.62	1.57	0.58	0.72	7.1	0.71
Net Debt/EBITDA	-26.19	-6.08	-1.08	-0.69	18.34	11.47	4.84	10.85	12.92	-5.6	-3.75	-5.71	-5.06	4.36	-1.31
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	3.57	3.69	4.22	4.08	3.89	3.18	3.2	3.66	4.1	3.86	3.88	3.64	3.29	4.48	5.02
Long-Term Debt/Equity (%)	26.45	14.61	12.11	9.9	7.17	27.6	19.69	11.9	25.57	11.59	10.65	5.58	5.48	4.06	3.9
Long-Term Debt/Capital (%)	31.88	25.94	19.53	17.11	2.96	7.05	5.17	12.22	19.36	29.14	26.26	12.79	11.58	4.46	8.32
Long-Term Debt/Total Assets (%)	1.67	1.29	1.02	0.84	0.77	2.31	1.64	1.52	3.49	1.61	1.39	0.53	0.45	0.44	0.47
Total Debt/Equity (%)	26.45	14.61	12.11	9.9	206.19	353.62	342.37	68.34	101.64	11.59	10.65	5.58	7.58	49.91	4.95
Total Debt/Capital (%)	31.88	25.94	19.53	17.11	85.04	90.3	89.88	70.19	76.93	29.14	26.26	12.79	16.02	54.91	10.56
Total Debt/Total Assets (%)	1.67	1.29	1.02	0.84	22.12	29.57	28.45	8.76	13.87	1.61	1.39	0.53	0.62	5.45	0.59
Net Debt to Equity	-317.19	-84.84	-15.91	-7.16	195.2	122.01	50.19	54.72	84.45	-40.12	-25.37	-54.56	-53.16	30.65	-9.11
Net Debt/Capital (%)	121.67	196.7	-46.84	-17.55	84.04	75.97	56.28	65.15	72.1	376.54	-560.3	330.97	395.68	42.78	-27.76
EBITDA	10	20	21	18	29	36	45	38	55	61	59	62	65	58	60
EBITDA-CapEx	8	16	16	16	24	29	38	12	-103	-5	-5	-377	-385	-219	-154
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	3.57	3.69	4.22	4.08	3.89	3.18	3.2	3.66	4.1	3.86	3.88	3.64	3.29	4.48	5.02
Long-Term Debt/Equity (%)	26.45	14.61	12.11	9.9	7.17	27.6	19.69	11.9	25.57	11.59	10.65	5.58	5.48	4.06	3.9
Long-Term Debt/Capital (%)	31.88	25.94	19.53	17.11	2.96	7.05	5.17	12.22	19.36	29.14	26.26	12.79	11.58	4.46	8.32
Long-Term Debt/Total Assets (%)	1.67	1.29	1.02	0.84	0.77	2.31	1.64	1.52	3.49	1.61	1.39	0.53	0.45	0.44	0.47
Total Debt/Equity (%)	26.45	14.61	12.11	9.9	206.19	353.62	342.37	68.34	101.64	11.59	10.65	5.58	7.58	49.91	4.95
Total Debt/Capital (%)	31.88	25.94	19.53	17.11	85.04	90.3	89.88	70.19	76.93	29.14	26.26	12.79	16.02	54.91	10.56
Total Debt/Total Assets (%)	1.67	1.29	1.02	0.84	22.12	29.57	28.45	8.76	13.87	1.61	1.39	0.53	0.62	5.45	0.59
CFO/Total Liabilities	1.83	5.32	-1.49	1.37	2.18	2.14	2.5	2.71	3.58	8.91	10	4.75	4.76	7.28	7.14
CFO/CapEx	11.93	19.38	-4.38	11.08	9.78	11.25	17.65	5.43	1.21	7.09	9.08	0.66	0.73	1.77	2.11
Altman's Z-Score	0.13	0.14	0.19	0.17	0.17	0.17	0.18	0.2	0.28	0.21	0.31	0.23	0.24	0.3	0.34

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	5.56	7.08	6.13	6.01	5.96	8.2	12.36	13.3	21.33	23.94	30.91	30.29	29.11	23.7	19.27
Days Sales Outstanding	65.67	51.57	59.51	60.7	61.23	44.51	29.52	27.45	17.11	15.25	11.81	12.05	12.54	15.4	18.94
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	59	84	213	216	281	510	725	847	1,268	685	1,665	963	1,237	1,661	1,732
- Cash & Cash Equivalents	277	145	40	30	28	774	1,268	100	127	427	314	388	376	158	121
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	4	4	4	1	- -	-1	- -	-1
+ Total Debt	21	21	17	17	559	1,185	1,488	511	858	98	93	36	47	410	42
Enterprise Value	-197	-475	-110	-279	134	10	-162	-223	1,113	-455	-420	-1,272	-897	172	680
Total Capital	67	82	89	101	658	1,312	1,655	728	1,115	337	353	282	293	747	402
Total Debt/Capital (%)	31.88	25.94	19.53	17.11	85.04	90.3	89.88	70.19	76.93	29.14	26.26	12.79	16.02	54.91	10.56
Total Debt / EV	-0.11	-0.04	-0.16	-0.06	4.19	117.82	-9.18	-2.29	0.77	-0.22	-0.22	-0.03	-0.05	2.39	0.06
EV/Sales	- -	- -	- -	- -	1.32	0.07	- -	- -	2.46	- -	- -	- -	- -	0.27	1.01
EV/EBITDA	- -	- -	- -	- -	4.63	0.28	- -	- -	20.19	- -	- -	- -	- -	2.98	11.38
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	2.72	0.13	- -	- -	5.83	- -	- -	- -	- -	0.35	1.51
EV/Free Cash Flow to Firm	- -	- -	- -	- -	2.46	0.12	- -	- -	3.19	- -	- -	- -	- -	0.22	1.02
Diluted Market Cap	59	84	213	218	284	512	729	850	1,269	685	1,666	963	1,241	1,664	1,741
Diluted Enterprise Value	-197	-39	190	206	816	923	949	1,265	2,005	360	1,446	611	911	1,915	1,662
EV per Share	- -	- -	- -	- -	6.61	0.4	- -	- -	28.63	- -	- -	- -	- -	6.83	29.06
TTM Sales	69	86	76	83	101	147	226	275	452	443	508	519	601	648	674
TTM EBITDA	10	20	21	18	29	36	45	38	55	61	59	62	65	58	60
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	22	80	-23	26	49	78	120	138	191	467	582	290	328	489	451
TTM Free Cash Flow to Firm	24	84	-18	28	54	85	127	163	349	533	646	729	778	766	665

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	2.48	1	-11.95	7.76	5.23	5.99	5.75	5.21	3.63	1.29	2.58	1.32	1.6	2.17	2.62
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-197	-475	-110	-279	134	10	-162	-223	1,113	-455	-420	-1,272	-897	172	680
Low Price	3.97	4.67	7.42	11.39	10.67	12.07	20.07	25.73	17.84	13.09	19.09	31.16	32.97	41.79	62.79
EV/Sales	- -	- -	- -	- -	1.32	0.07	- -	- -	2.46	- -	- -	- -	- -	0.27	1.01
EV/EBITDA	- -	- -	- -	- -	4.63	0.28	- -	- -	20.19	- -	- -	- -	- -	2.98	11.38
Price/Earnings	12.67	4.9	15.84	13.72	15.58	15.34	16.14	16.4	13.07	6.54	11.75	6.37	8.63	9.07	9.32
Price/Earnings Average	11.13	3.92	11.07	15.22	14.78	12.12	17.55	19.49	10.12	8.79	9.66	9.43	8.56	7.46	9.66
Price/Earnings High	22.35	5.05	16.59	18.05	19.97	15.85	22.01	23.42	13.95	13.62	12.24	12.76	11.33	9.57	10.83
Price/Earnings Low	7.99	2.83	9.27	13.3	11.94	9.17	12.4	15.32	7.15	4.46	4.27	6.03	6.18	5.74	7.9
Price/Book Value	1.29	1.38	2.98	2.57	2.86	4	4.33	3.97	5.01	2.91	6.42	3.92	5.01	4.93	4.81
Price/Book Value Average	1.13	1.1	2.08	2.85	2.71	3.16	4.71	4.71	3.88	3.91	5.27	5.8	4.97	4.05	4.99
Price/Book Value High	2.28	1.42	3.12	3.38	3.66	4.14	5.9	5.66	5.35	6.06	6.68	7.85	6.58	5.2	5.59
Price/Book Value Low	0.81	0.8	1.74	2.49	2.19	2.39	3.32	3.71	2.74	1.98	2.33	3.71	3.59	3.12	4.08
Price/Tangible Book Value	0.74	0.58	1.51	1.25	1.4	1.89	2.56	2.27	2.63	1.38	3.15	3.11	4.29	3.35	3.17
Price/Tangible Book Value Average	0.65	0.47	1.06	1.39	1.33	1.5	2.78	2.69	2.04	1.86	2.59	4.6	4.26	2.75	3.28
Price/Tangible Book Value High	1.31	0.6	1.58	1.65	1.8	1.96	3.49	3.23	2.81	2.87	3.28	6.22	5.63	3.53	3.68
Price/Tangible Book Value Low	0.47	0.34	0.88	1.21	1.07	1.13	1.96	2.12	1.44	0.94	1.14	2.94	3.07	2.12	2.69
Price/Sales	0.86	0.98	2.8	2.61	2.79	3.46	3.21	3.08	2.8	1.55	3.28	1.86	2.06	2.57	2.57
Price/Sales Average	0.75	0.78	1.96	2.9	2.65	2.74	3.49	3.66	2.17	2.08	2.69	2.75	2.04	2.11	2.67
Price/Sales High	1.51	1.01	2.93	3.44	3.57	3.58	4.37	4.39	2.99	3.22	3.41	3.72	2.7	2.71	2.99
Price/Sales Low	0.54	0.56	1.64	2.53	2.14	2.07	2.46	2.87	1.53	1.05	1.19	1.76	1.47	1.62	2.18
Price/Cash Flow	2.69	1.05	-9.21	8.35	5.72	6.49	6.04	6.15	6.64	1.47	2.86	3.32	3.77	3.4	3.84
Price/Cash Flow Average	2.36	0.84	-6.44	9.27	5.42	5.13	6.57	7.3	5.14	1.97	2.35	4.91	3.74	2.79	3.98
Price/Cash Flow High	4.75	1.08	-9.65	10.99	7.33	6.71	8.24	8.78	7.09	3.05	2.98	6.65	4.95	3.59	4.47
Price/Cash Flow Low	1.7	0.61	-5.4	8.09	4.38	3.88	4.64	5.74	3.63	1	1.04	3.14	2.7	2.15	3.26
Price/Free Cash Flow Average	2.18	0.8	-8.35	8.62	4.96	4.74	6.25	6.19	2.81	1.73	2.12	1.96	1.58	1.79	2.72
Price/Free Cash Flow High	4.38	1.03	-12.51	10.22	6.7	6.19	7.84	7.44	3.88	2.67	2.69	2.65	2.09	2.29	3.04
Price/Free Cash Flow Low	1.57	0.58	-7	7.53	4.01	3.58	4.42	4.87	1.99	0.88	0.94	1.25	1.14	1.38	2.22
EV/Sales Average	- -	- -	1.66	2.75	7.92	5.53	4.46	5.16	3.79	1.34	2.26	2.07	1.49	2.5	2.55
EV/Sales High	- -	- -	2.63	3.28	8.85	6.37	5.34	5.9	4.62	2.48	2.98	3.04	2.15	3.09	2.87
EV/Sales Low	- -	- -	1.34	2.38	7.41	4.86	3.43	4.38	3.16	0.32	0.76	1.08	0.92	2.01	2.06
EV/EBITDA Average	-20.9	-2.79	5.96	12.49	27.66	22.84	22.38	37.67	31.13	9.8	19.44	17.42	13.8	28.01	28.74
EV/EBITDA High	-15.56	-1.83	9.47	14.94	30.9	26.32	26.83	43.04	37.88	18.12	25.64	25.58	19.91	34.7	32.37
EV/EBITDA Low	-22.39	-3.7	4.82	10.82	25.88	20.08	17.24	31.96	25.91	2.32	6.53	9.07	8.54	22.57	23.28
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	6.29	8.08	12.67	11.75	13.92	20.2	26.13	27.55	32.61	19.22	52.48	32.96	46.09	66.01	74.01
High Price	11.1	8.33	13.27	15.46	17.84	20.87	35.63	39.33	34.81	40	54.65	65.96	60.49	69.63	86
Enterprise Value Average	-204	-57	126	227	799	813	1,008	1,421	1,717	595	1,148	1,073	896	1,618	1,717
Enterprise Value High	-152	-37	200	271	892	937	1,208	1,624	2,089	1,101	1,514	1,576	1,293	2,004	1,933
Enterprise Value Low	-218	-75	102	196	747	715	777	1,206	1,429	141	386	559	555	1,304	1,390

	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	9	16	18	19	24	26	29	39	38	34	32	29	26	25	23
Diluted Weighted Avg Shares	9	10	17	19	20	25	28	31	39	36	32	29	27	25	24
Basic Weighted Avg Shares	9	10	17	18	20	25	28	31	39	36	32	29	27	25	23
Revenue per Share	7.33	8.28	4.53	4.5	4.99	5.83	8.15	8.95	11.64	12.43	16.02	17.74	22.38	25.73	28.79
EBITDA per Share	1.04	1.96	1.26	0.99	1.43	1.41	1.62	1.23	1.42	1.7	1.86	2.11	2.42	2.29	2.55
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.5	1.65	0.8	0.86	0.89	1.32	1.62	1.68	2.49	2.94	4.47	5.17	5.34	7.28	7.94
Basic EPS from Cont Ops	0.5	1.65	0.8	0.86	0.89	1.32	1.62	1.7	2.61	3.07	4.59	5.27	5.42	7.33	7.98
Diluted EPS, GAAP	0.5	1.64	0.8	0.85	0.89	1.31	1.61	1.67	2.49	2.94	4.46	5.17	5.32	7.27	7.9
Diluted EPS from Cont Ops	0.5	1.64	0.8	0.85	0.89	1.31	1.61	1.69	2.6	3.07	4.59	5.27	5.4	7.32	7.94
Dividend per Share	0.17	0.18	0.17	0.17	0.17	0.17	0.17	0.19	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Cash Flow per Share	2.34	7.7	-1.38	1.41	2.44	3.11	4.33	4.48	4.91	13.11	18.33	9.92	12.22	19.42	19.26
Free Cash Flow per Basic Share	2.14	7.31	-1.69	1.28	2.19	2.83	4.08	3.66	0.84	11.26	16.31	-5.09	-4.55	8.42	10.11
Cash & Equivalents per Share	29.63	55.89	20.26	27.92	34.99	66.75	85.6	51.54	26.14	34.83	68.67	77.7	81.24	75.47	46.74
Book Value per Share	4.87	5.86	4.25	4.57	4.87	5.04	6.04	6.94	6.51	6.6	8.18	8.41	9.19	13.4	15.39
Tangible Book Value per Share	8.48	13.85	8.39	9.39	9.94	10.67	10.22	12.16	12.39	13.92	16.68	10.6	10.74	19.71	23.38

Pathward Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)