CNB Financial Services, Inc. Financial Ratios — CBFC Stock

Profitability (USD)

	2005 Y	2006 Y	2007 Y	2008 Y	2009 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 (%)	- -	14.52	13.36	13.22	9.68	8.14	6.67	8.28	7.6	8.16	8.28	8.56	7.28	8.4	9.64
Return on Assets (%)	- -	0.92	0.88	0.95	0.75	0.7	0.62	0.76	0.69	0.7	0.67	0.67	0.57	0.66	0.72
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 (%)	7.22	6.05	5.83	5.07	4.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	31.9	31.16	31.14	30.92	21.91	20.81	25.66	22.52	20.48	20.42	19.96	21.79	21.12	24.52	26.11
Profit Margin (%)	21.18	21.06	21.11	20.87	17.35	16.12	14.9	18.23	16.45	16.52	15.78	17.33	16.57	19.11	20.06
Net Income to Common Margin (%)	21.18	21.06	21.11	20.87	17.35	16.12	14.9	18.23	16.45	16.52	15.78	17.33	16.57	19.11	20.06
Effective Tax Rate (%)	33.62	34.58	32.23	32.5	20.83	22.53	41.95	19.05	19.69	19.1	20.97	20.49	21.56	22.05	23.17
Dvd Payout Ratio (%)	26.97	29.51	30.76	31.48	32.04	30.32	34.36	29.94	30.71	29.09	26.52	18.76	22.24	23.85	19.9
Sustainable Growth Rate (%)	- -	10.24	9.25	9.06	6.58	5.67	4.38	5.8	5.27	5.79	6.08	6.95	5.66	6.39	7.72

Credit (USD)

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	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	18	18	38	25	6	12	24	27	13	12	12	47	16	22	93
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	18	18	38	25	6	12	24	27	13	12	12	47	16	22	93
Total Debt/EBITDA	21.36	26.08	54.25	38.6	10.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	9.26	15.71	42.98	31.36	-1.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.22	6.48	6.75	7.61	7.92	9.29	9.22	9.12	9.01	8.27	7.87	7.79	7.81	7.98	7
Long-Term Debt/Equity (%)	93.64	91.03	164.32	109.59	24.97	39.23	76	81.08	35.79	32.64	30.38	147.52	42.05	53.18	193.27
Long-Term Debt/Capital (%)	52.48	50.85	65.66	54.23	21.82	27.33	41.53	42.91	25.33	23.88	22.53	50.94	24.79	29.69	62.9
Long-Term Debt/Total Assets (%)	6.87	6.7	12.91	9.01	2.21	3.5	6.55	6.85	3.06	2.6	2.29	8.09	2.58	3.37	11.87
Total Debt/Equity (%)	93.64	91.03	164.32	109.59	24.97	39.23	76	81.08	35.79	32.64	30.38	147.52	42.05	53.18	193.27
Total Debt/Capital (%)	52.48	50.85	65.66	54.23	21.82	27.33	41.53	42.91	25.33	23.88	22.53	50.94	24.79	29.69	62.9
Total Debt/Total Assets (%)	6.87	6.7	12.91	9.01	2.21	3.5	6.55	6.85	3.06	2.6	2.29	8.09	2.58	3.37	11.87
Net Debt to Equity	40.59	54.82	130.18	89.04	-2.56	-18.85	-23.64	-20.95	-28.85	-56.82	-101.63	-27.03	-30.43	-41.54	-23.03
Net Debt/Capital (%)	32.37	38.39	60.23	49.05	-2.95	-15.12	-14.83	-12.47	-25.65	-71.16	-306.11	-10.29	-21.87	-30.2	-8.1
EBITDA	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	-1	-2	- -	- -	-1	-1	-1	-2
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2005 Y	2006 Y	2007 Y	2008 Y	2009 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	6.22	6.48	6.75	7.61	7.92	9.29	9.22	9.12	9.01	8.27	7.87	7.79	7.81	7.98	7
Long-Term Debt/Equity (%)	93.64	91.03	164.32	109.59	24.97	39.23	76	81.08	35.79	32.64	30.38	147.52	42.05	53.18	193.27
Long-Term Debt/Capital (%)	52.48	50.85	65.66	54.23	21.82	27.33	41.53	42.91	25.33	23.88	22.53	50.94	24.79	29.69	62.9
Long-Term Debt/Total Assets (%)	6.87	6.7	12.91	9.01	2.21	3.5	6.55	6.85	3.06	2.6	2.29	8.09	2.58	3.37	11.87
Total Debt/Equity (%)	93.64	91.03	164.32	109.59	24.97	39.23	76	81.08	35.79	32.64	30.38	147.52	42.05	53.18	193.27
Total Debt/Capital (%)	52.48	50.85	65.66	54.23	21.82	27.33	41.53	42.91	25.33	23.88	22.53	50.94	24.79	29.69	62.9
Total Debt/Total Assets (%)	6.87	6.7	12.91	9.01	2.21	3.5	6.55	6.85	3.06	2.6	2.29	8.09	2.58	3.37	11.87
CFO/Total Liabilities	1.72	1.41	1.12	2.06	0.89	1.42	0.53	1.86	0.63	0.09	2.23	1.1	0.55	0.9	1.01
CFO/CapEx	3.84	12.84	7.34	13.31	12.01	14.84	4.46	6.87	1.2	1	35.12	7.53	3.07	7.39	4.13
Altman's Z-Score	0.17	0.17	0.17	0.18	0.18	0.2	0.2	0.19	0.19	0.17	0.17	0.17	0.15	0.16	0.14

Working Capital (USD)

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	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	9.07	8.59	9.71	9.51	20.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	40.23	42.47	37.59	38.4	17.69	- -	- -	- -	- -	- -	- -	- -	- -	- -
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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	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	16	18	16	12	12	16	16	16	17	15	19	22	11	13	18
- Cash & Cash Equivalents	10	7	8	5	7	6	7	7	10	22	41	9	11	17	11
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	18	18	38	25	6	12	24	27	13	12	12	47	16	22	93
Enterprise Value	24	30	46	33	11	22	33	36	19	6	-10	61	15	17	100
Total Capital	34	36	57	47	29	44	58	62	50	52	55	92	64	72	148
Total Debt/Capital (%)	52.48	50.85	65.66	54.23	21.82	27.33	41.53	42.91	25.33	23.88	22.53	50.94	24.79	29.69	62.9
Total Debt / EV	0.75	0.63	0.82	0.78	0.59	0.54	0.73	0.75	0.67	2.16	-1.26	0.77	1.04	1.24	0.94
EV/Sales	2.04	2.52	3.87	2.51	0.88	1.6	2.23	2.26	1.13	0.3	- -	2.81	0.74	0.8	3.92
EV/EBITDA	28.33	41.65	66.4	49.57	17.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	5.73	8.2	15.31	6.13	4.66	5	18.51	5.34	7.88	14.29	- -	10.08	4.78	3.23	13.38
EV/Free Cash Flow to Firm	4.55	7.61	13.47	5.7	4.3	4.68	15.12	4.66	4.3	7.14	- -	8.9	3.6	2.85	10.77
Diluted Market Cap	16	18	16	12	12	16	16	16	17	15	19	22	11	13	18
Diluted Enterprise Value	24	30	46	33	11	22	33	36	19	6	-10	61	15	17	100
EV per Share	51.55	64.49	100.38	72.35	24.42	52.16	78.34	86.46	46.6	14.21	- -	155.61	38.72	44.55	255.41
TTM Sales	12	12	12	13	12	14	15	16	17	19	22	22	20	22	25
TTM EBITDA	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	4	4	3	5	2	4	2	7	2	- -	11	6	3	5	7
TTM Free Cash Flow to Firm	5	4	3	6	3	5	2	8	4	1	11	7	4	6	9

Multiples (USD)

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	2005 Y	2006 Y	2007 Y	2008 Y	2009 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	3.06	4.74	4.75	2.09	4.56	3.37	7.49	2.06	3.74	18.57	1.67	3.28	2.57	2.08	1.9
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	24	30	46	33	11	22	33	36	19	6	-10	61	15	17	100
Low Price	64	66.25	63.1	40	41	50	54	51	51	42	45	53	30	30	32.5
EV/Sales	2.04	2.52	3.87	2.51	0.88	1.6	2.23	2.26	1.13	0.3	- -	2.81	0.74	0.8	3.92
EV/EBITDA	28.33	41.65	66.4	49.57	17.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	6.5	7.45	6.47	4.42	5.37	7.13	7.42	5.48	5.96	4.76	5.61	5.97	3.18	3.06	3.44
Price/Earnings Average	6.44	7.09	6.85	5.26	5.37	6.48	7.23	5.31	5.71	4.6	5.32	5.36	5.39	2.76	2.64
Price/Earnings High	12.74	13.92	14.06	11.06	10.37	10.27	10.33	7.75	8.09	6.69	7.2	6.78	7.49	3.06	3.44
Price/Earnings Low	11.99	12.29	11.52	6.65	8.51	9.51	10.33	7.32	7.5	5.41	5.2	5.53	3.46	2.83	2.48
Price/Book Value	0.99	1.03	0.83	0.56	0.5	0.5	0.48	0.44	0.44	0.38	0.45	0.49	0.23	0.25	0.32
Price/Book Value Average	0.98	0.98	0.87	0.66	0.5	0.45	0.47	0.43	0.42	0.37	0.43	0.44	0.38	0.22	0.25
Price/Book Value High	1.93	1.92	1.8	1.4	0.97	0.72	0.67	0.62	0.6	0.53	0.58	0.56	0.53	0.25	0.32
Price/Book Value Low	1.82	1.7	1.47	0.84	0.8	0.67	0.67	0.59	0.56	0.43	0.42	0.46	0.25	0.23	0.23
Price/Tangible Book Value	0.86	0.93	0.72	0.52	0.45	0.52	0.51	0.48	0.47	0.39	0.47	0.7	0.29	0.31	0.36
Price/Tangible Book Value Average	0.86	0.88	0.76	0.62	0.45	0.47	0.5	0.46	0.45	0.38	0.45	0.63	0.49	0.28	0.28
Price/Tangible Book Value High	1.69	1.73	1.57	1.31	0.88	0.75	0.71	0.67	0.63	0.55	0.6	0.8	0.68	0.31	0.36
Price/Tangible Book Value Low	1.59	1.53	1.29	0.79	0.72	0.7	0.71	0.64	0.59	0.45	0.44	0.65	0.31	0.29	0.26
Price/Sales	1.38	1.57	1.36	0.92	0.93	1.15	1.1	1	0.98	0.79	0.89	1.03	0.53	0.59	0.69
Price/Sales Average	1.36	1.49	1.45	1.1	0.93	1.04	1.08	0.97	0.94	0.76	0.84	0.93	0.89	0.53	0.53
Price/Sales High	2.7	2.93	2.97	2.31	1.8	1.65	1.54	1.41	1.33	1.11	1.14	1.17	1.24	0.59	0.69
Price/Sales Low	2.54	2.59	2.43	1.39	1.48	1.53	1.54	1.33	1.23	0.89	0.82	0.96	0.57	0.54	0.5
Price/Cash Flow	3.86	5.11	5.4	2.25	4.94	3.6	9.16	2.36	6.86	37.17	1.72	3.71	3.4	2.36	2.36
Price/Cash Flow Average	3.82	4.86	5.72	2.68	4.94	3.27	8.93	2.29	6.57	35.97	1.63	3.33	5.78	2.12	1.81
Price/Cash Flow High	7.56	9.53	11.74	5.63	9.55	5.18	12.76	3.34	9.3	52.27	2.2	4.21	8.02	2.36	2.36
Price/Cash Flow Low	7.12	8.42	9.62	3.39	7.83	4.79	12.76	3.15	8.63	42.22	1.59	3.43	3.7	2.18	1.7
Price/Free Cash Flow Average	3.03	4.51	5.04	2.49	4.56	3.06	7.3	2	3.58	17.97	1.58	2.94	4.36	1.87	1.46
Price/Free Cash Flow High	6	8.84	10.33	5.24	8.81	4.85	10.42	2.91	5.07	26.12	2.14	3.72	6.05	2.08	1.9
Price/Free Cash Flow Low	5.65	7.81	8.47	3.15	7.23	4.49	10.42	2.75	4.7	21.09	1.55	3.03	2.79	1.92	1.37
EV/Sales Average	2.03	2.44	3.95	2.69	0.88	1.49	2.2	2.23	1.09	0.28	- -	2.71	1.11	0.74	3.76
EV/Sales High	3.36	3.88	5.47	3.9	1.75	2.1	2.66	2.67	1.48	0.62	- -	2.95	1.45	0.8	3.92
EV/Sales Low	3.21	3.54	4.94	2.98	1.42	1.98	2.66	2.6	1.38	0.41	- -	2.73	0.79	0.76	3.73
EV/EBITDA Average	28.14	40.38	67.8	53.02	17.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	46.63	64.14	93.91	76.92	35.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	44.43	58.49	84.72	58.77	28.59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	34.71	40.17	35.41	26.58	25.89	37.51	38.79	38.19	40.56	36.98	48.61	57.27	27.58	32.5	45
High Price	68	75	77	66.5	50	54	54	54	55	52	62.31	65	65	32.5	45
Enterprise Value Average	23	29	47	35	11	21	32	35	18	5	-11	59	23	16	96
Enterprise Value High	39	45	65	51	22	29	39	42	25	12	-4	64	30	17	100
Enterprise Value Low	37	41	59	39	18	27	39	41	23	8	-11	59	16	16	95

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	25.21	25.6	25.95	28.8	27.79	32.63	35.11	38.24	41.35	47.04	54.88	55.35	52.38	55.51	65.2
EBITDA per Share	1.82	1.55	1.51	1.46	1.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	5.34	5.39	5.48	6.01	4.82	5.26	5.23	6.97	6.8	7.77	8.66	9.59	8.68	10.61	13.08
Basic EPS from Cont Ops	5.34	5.22	5.48	6.01	4.82	5.26	5.23	6.97	6.8	7.77	8.66	9.59	8.68	10.61	13.08
Diluted EPS, GAAP	5.34	5.39	5.48	6.01	4.82	5.26	5.23	6.97	6.8	7.77	8.66	9.59	8.68	10.61	13.08
Diluted EPS from Cont Ops	5.34	5.22	5.48	6.01	4.82	5.26	5.23	6.97	6.8	7.77	8.66	9.59	8.68	10.61	13.08
Dividend per Share	1.44	1.54	1.68	1.89	1.54	1.59	1.8	2.09	2.09	2.26	2.3	1.8	1.93	2.53	2.6
Cash Flow per Share	8.99	7.87	6.56	11.81	5.24	10.43	4.23	16.18	5.91	0.99	28.26	15.43	8.11	13.77	19.08
Free Cash Flow per Basic Share	6.65	7.25	5.67	10.92	4.8	9.73	3.28	13.83	0.97	- -	27.45	13.39	5.47	11.91	14.46
Cash & Equivalents per Share	22.02	16.07	17.04	10.56	15.82	13.55	17.86	16.82	25.1	53.49	104.88	22.06	29.19	43.02	28.47
Book Value per Share	35.18	39.03	42.89	47.54	51.42	74.96	80.82	86.61	91.8	97.94	107.79	115.95	122.31	130.39	140.91
Tangible Book Value per Share	40.14	43.28	49.06	50.8	57.1	71.87	75.54	80.28	87.01	94.13	103.2	81.62	95.9	103.54	123.6

CNB Financial Services, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)