Citizens Holding Company Financial Ratios — CIZN 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 (%)	9.38	8.52	8.68	8.73	8.58	7.41	4.01	7.13	6.2	7.18	7.62	9.48	1.82	5.41	7.66
Return on Assets (%)	0.86	0.78	0.82	0.83	0.8	0.67	0.37	0.68	0.55	0.52	0.53	0.72	0.14	0.38	0.55
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 (%)	3.69	3.48	3.26	3.29	2.9	2.85	2.86	2.68	2.62	2.61	2.61	2.83	3.81	3.11	2.47
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	23.05	23.92	25.47	25.63	28.06	24.28	22.19	21.41	20.83	20.2	19.86	25.56	4.72	16.8	17.94
Profit Margin (%)	19.49	19.24	20.42	20.58	21.15	19.59	10.57	19.05	16.94	16.13	16.67	21.38	4.91	13.35	15.31
Net Income to Common Margin (%)	19.49	19.24	20.42	20.58	21.15	19.59	10.57	19.05	16.94	16.13	16.67	21.38	4.91	13.35	15.31
Effective Tax Rate (%)	15.43	19.57	19.84	19.7	24.62	19.31	52.36	11.04	18.66	20.18	16.03	16.36	- -	20.54	14.64
Dvd Payout Ratio (%)	59.04	63.03	59.94	58.27	59.83	69.56	126.81	70.52	82.58	77.38	71.66	55.89	218.02	65.7	2.77
Sustainable Growth Rate (%)	3.84	3.15	3.48	3.64	3.45	2.25	-1.08	2.1	1.08	1.63	2.16	4.18	-2.14	1.86	7.45

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	68	68	34	20	20	20	30	- -	- -	50	18	18	18	15	13
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	25	18	18	18	15	13
LT Debt	68	68	34	20	20	20	30	- -	- -	25	- -	- -	- -	- -	- -
Total Debt/EBITDA	50.15	55.87	29.37	16.8	19.23	20.4	29.91	- -	- -	44.6	15.35	14.12	12.53	11.82	10.26
Net Debt/EBITDA	21.31	25.05	14.71	-53.67	-35.78	-51.29	10.47	-22.06	-81.68	6.86	-52.2	-8.31	-53.22	-21.26	-38.88
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.18	9.18	9.59	9.43	9.24	8.97	9.32	9.86	8.01	6.71	7.3	7.83	7.15	6.96	7.3
Long-Term Debt/Equity (%)	79.58	77.08	50.55	24.43	23.14	23.51	33.92	- -	- -	20.91	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	46.63	45.85	28.57	18.71	18.19	17.86	24.48	- -	- -	16.97	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	8.02	7.78	3.84	2.17	2.05	1.95	3.02	- -	- -	1.72	- -	- -	- -	- -	- -
Total Debt/Equity (%)	79.58	77.08	50.55	24.43	23.14	23.51	33.92	- -	- -	41.82	17	46.12	42.08	31.4	21.69
Total Debt/Capital (%)	46.63	45.85	28.57	18.71	18.19	17.86	24.48	- -	- -	33.95	15.33	14.8	15.19	12.86	10.89
Total Debt/Total Assets (%)	8.02	7.78	3.84	2.17	2.05	1.95	3.02	- -	- -	3.45	1.32	1.36	1.28	1.03	0.89
Net Debt to Equity	33.81	34.56	25.32	-78.05	-43.06	-59.13	11.88	-24.65	-66.04	6.43	-57.82	-27.15	-178.8	-56.51	-82.16
Net Debt/Capital (%)	27.07	27.52	16.69	-277.89	-70.61	-120.65	10.19	-27.98	-351.19	7.33	-160.45	-11.38	-318.64	-36.14	-86.16
EBITDA	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA-CapEx	1	1	1	-1	1	- -	-2	1	- -	-1	-1	-1	1	1	- -
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	9.18	9.18	9.59	9.43	9.24	8.97	9.32	9.86	8.01	6.71	7.3	7.83	7.15	6.96	7.3
Long-Term Debt/Equity (%)	79.58	77.08	50.55	24.43	23.14	23.51	33.92	- -	- -	20.91	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	46.63	45.85	28.57	18.71	18.19	17.86	24.48	- -	- -	16.97	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	8.02	7.78	3.84	2.17	2.05	1.95	3.02	- -	- -	1.72	- -	- -	- -	- -	- -
Total Debt/Equity (%)	79.58	77.08	50.55	24.43	23.14	23.51	33.92	- -	- -	41.82	17	46.12	42.08	31.4	21.69
Total Debt/Capital (%)	46.63	45.85	28.57	18.71	18.19	17.86	24.48	- -	- -	33.95	15.33	14.8	15.19	12.86	10.89
Total Debt/Total Assets (%)	8.02	7.78	3.84	2.17	2.05	1.95	3.02	- -	- -	3.45	1.32	1.36	1.28	1.03	0.89
CFO/Total Liabilities	1.54	1.4	1.39	1.15	1.17	1.07	1.17	1.39	1.25	1.05	1.39	1.07	0.41	0.47	1.05
CFO/CapEx	16.64	37.47	33.11	5.36	22.83	10.19	3.65	35.18	12.95	6.96	6.73	5.21	7.69	14.97	9.42
Altman's Z-Score	0.21	0.21	0.21	0.21	0.21	0.21	0.22	0.22	0.19	0.17	0.18	0.18	0.14	0.15	0.16

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	7.99	7.74	7.96	9.05	9.2	7.95	7.64	8.13	8.35	8.46	8.85	9.96	7.48	7.58	9.34
Days Sales Outstanding	45.68	47.15	45.85	40.35	39.67	45.9	47.76	44.89	43.73	43.16	41.23	36.65	48.82	48.16	39.09
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	45	52	52	58	74	84	78	74	84	92	86	67	40	51	45
- Cash & Cash Equivalents	39	38	17	84	57	70	19	21	74	42	79	29	94	42	65
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	68	68	34	20	20	20	30	- -	- -	50	18	18	18	15	13
Enterprise Value	-297	-338	-329	-186	-231	-463	-417	-391	-455	-579	-607	-145	-214	-164	-80
Total Capital	147	149	117	107	110	112	123	95	96	147	117	122	118	117	124
Total Debt/Capital (%)	46.63	45.85	28.57	18.71	18.19	17.86	24.48	- -	- -	33.95	15.33	14.8	15.19	12.86	10.89
Total Debt / EV	-0.23	-0.2	-0.1	-0.11	-0.09	-0.04	-0.07	- -	- -	-0.09	-0.03	-0.12	-0.08	-0.09	-0.17
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	45	52	52	58	74	84	78	74	84	92	86	67	40	51	45
Diluted Enterprise Value	74	83	69	-6	36	33	89	54	9	100	25	56	-36	24	-6
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	37	35	35	36	36	34	35	35	35	43	45	45	38	41	53
TTM EBITDA	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	12	11	11	10	10	10	11	12	13	14	17	14	6	7	15
TTM Free Cash Flow to Firm	12	11	12	11	11	11	14	13	15	16	20	16	6	7	17

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	3.59	4.59	4.55	5	6.79	7.56	5.78	5.94	5.77	5.75	4.28	4.06	6.45	7.06	2.66
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-297	-338	-329	-186	-231	-463	-417	-391	-455	-579	-607	-145	-214	-164	-80
Low Price	16.5	17.5	17.5	17.94	17.04	20.76	22.65	19.08	19.05	16.02	17	11.93	6.64	7.53	6.44
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	6.2	7.7	7.34	7.72	9.71	12.4	21.05	11.12	14.22	13.33	11.47	6.93	21.72	9.26	5.48
Price/Earnings Average	6.54	7.32	7.15	7.28	7.94	10.68	21.72	11.59	13.34	13.34	11.35	8.29	31.85	8.14	5.56
Price/Earnings High	15.76	15.25	14.07	13.04	15.23	18.92	35.05	17.59	20.5	22.47	20.78	12.64	51.36	9.95	7.63
Price/Earnings Low	11.07	12.53	11.92	11.73	10.94	15	29.83	13.98	16.34	12.88	12.67	6.94	20.06	7.69	4.47
Price/Book Value	0.57	0.65	0.63	0.66	0.82	0.91	0.84	0.79	0.88	0.95	0.86	0.64	0.4	0.5	0.41
Price/Book Value Average	0.6	0.61	0.61	0.62	0.67	0.78	0.87	0.82	0.82	0.95	0.86	0.77	0.59	0.44	0.41
Price/Book Value High	1.45	1.28	1.2	1.12	1.29	1.39	1.4	1.24	1.26	1.6	1.57	1.17	0.95	0.53	0.56
Price/Book Value Low	1.02	1.05	1.02	1.01	0.92	1.1	1.19	0.99	1.01	0.92	0.96	0.64	0.37	0.41	0.33
Price/Tangible Book Value	0.54	0.61	0.83	0.73	0.85	0.98	0.88	0.88	0.85	0.87	0.93	2.61	1.37	1.46	0.91
Price/Tangible Book Value Average	0.57	0.58	0.81	0.69	0.7	0.85	0.91	0.92	0.8	0.87	0.92	3.12	2.01	1.28	0.92
Price/Tangible Book Value High	1.37	1.21	1.59	1.23	1.34	1.5	1.47	1.4	1.22	1.47	1.69	4.75	3.23	1.57	1.27
Price/Tangible Book Value Low	0.96	0.99	1.35	1.11	0.96	1.19	1.25	1.11	0.97	0.84	1.03	2.61	1.26	1.21	0.74
Price/Sales	1.21	1.48	1.5	1.59	2.05	2.43	2.22	2.12	2.41	2.15	1.91	1.48	1.07	1.24	0.84
Price/Sales Average	1.27	1.41	1.46	1.5	1.68	2.09	2.3	2.21	2.26	2.15	1.89	1.77	1.56	1.09	0.85
Price/Sales High	3.07	2.93	2.87	2.68	3.22	3.71	3.7	3.35	3.47	3.62	3.46	2.7	2.52	1.33	1.17
Price/Sales Low	2.16	2.41	2.43	2.41	2.31	2.94	3.15	2.66	2.77	2.08	2.11	1.48	0.99	1.03	0.68
Price/Cash Flow	3.8	4.71	4.68	5.94	7.08	8.29	7.34	6.1	6.22	6.58	4.91	4.84	7.29	7.53	2.94
Price/Cash Flow Average	4	4.48	4.56	5.59	5.79	7.14	7.58	6.36	5.83	6.58	4.86	5.79	10.69	6.62	2.98
Price/Cash Flow High	9.65	9.33	8.98	10.02	11.11	12.65	12.23	9.64	8.96	11.09	8.9	8.84	17.24	8.09	4.09
Price/Cash Flow Low	6.78	7.67	7.6	9.02	7.98	10.02	10.41	7.66	7.15	6.36	5.43	4.85	6.73	6.26	2.39
Price/Free Cash Flow Average	3.78	4.37	4.43	4.72	5.55	6.51	5.97	6.19	5.42	5.76	4.23	4.86	9.46	6.21	2.7
Price/Free Cash Flow High	9.11	9.1	8.72	8.45	10.65	11.54	9.63	9.39	8.32	9.7	7.75	7.42	15.26	7.59	3.7
Price/Free Cash Flow Low	6.4	7.48	7.38	7.6	7.65	9.15	8.2	7.47	6.64	5.56	4.73	4.07	5.96	5.87	2.17
EV/Sales Average	2.06	2.28	1.94	- -	0.64	0.63	2.6	1.62	0.12	2.33	0.53	1.54	- -	0.43	- -
EV/Sales High	3.86	3.8	3.35	0.92	2.19	2.25	4	2.76	1.33	3.8	2.1	2.47	0.5	0.67	0.21
EV/Sales Low	2.94	3.28	2.91	0.65	1.28	1.48	3.45	2.07	0.63	2.26	0.75	1.25	- -	0.37	- -
EV/EBITDA Average	55.84	65.55	59.51	-8.13	22.17	22.07	90.69	60.5	4.65	89.34	20.3	54.21	-12.13	13.72	-4.37
EV/EBITDA High	104.58	109.43	102.91	27.91	75.37	78.73	139.91	103.17	50.96	145.8	80.53	87.1	13.04	21.49	8.46
EV/EBITDA Low	79.8	94.37	89.39	19.73	44.03	51.73	120.65	77.5	24.09	86.52	28.73	44.02	-27.34	11.79	-11.16
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	9.24	10.75	10.78	11.81	15.12	17.17	15.98	15.18	16.57	16.57	15.39	11.92	7.19	9.06	7.91
High Price	23.49	21.3	20.67	19.94	23.73	26.2	26.61	24	23.89	27.94	27.88	21.75	17	9.74	11
Enterprise Value Average	76	80	68	-10	23	22	91	57	4	100	24	69	-17	18	-6
Enterprise Value High	143	134	117	33	78	77	140	97	46	163	94	111	19	27	11
Enterprise Value Low	109	116	102	23	46	51	121	73	22	97	34	56	-39	15	-15

	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	5	5	5	5	5	5	5	5	6	6	6	6	6	6	6
Diluted Weighted Avg Shares	5	5	5	5	5	5	5	5	5	6	6	6	6	6	6
Basic Weighted Avg Shares	5	5	5	5	5	5	5	5	5	6	6	6	6	6	6
Revenue per Share	7.65	7.26	7.19	7.43	7.36	7.07	7.18	7.16	6.88	7.71	8.05	8.05	6.74	7.33	9.42
EBITDA per Share	0.28	0.25	0.23	0.24	0.21	0.2	0.21	0.19	0.18	0.2	0.21	0.23	0.26	0.23	0.23
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.49	1.4	1.47	1.53	1.56	1.38	0.76	1.36	1.17	1.24	1.34	1.72	0.33	0.98	1.44
Basic EPS from Cont Ops	1.49	1.4	1.47	1.53	1.56	1.38	0.76	1.36	1.17	1.24	1.34	1.72	0.33	0.98	1.44
Diluted EPS, GAAP	1.49	1.39	1.47	1.53	1.56	1.38	0.76	1.36	1.16	1.24	1.34	1.72	0.33	0.98	1.44
Diluted EPS from Cont Ops	1.49	1.39	1.47	1.53	1.56	1.38	0.76	1.36	1.16	1.24	1.34	1.72	0.33	0.98	1.44
Dividend per Share	0.88	0.88	0.88	0.89	0.93	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.72	0.64	0.04
Cash Flow per Share	2.43	2.28	2.3	1.99	2.14	2.07	2.18	2.49	2.67	2.52	3.13	2.46	0.99	1.2	2.69
Free Cash Flow per Basic Share	2.29	2.22	2.23	1.62	2.04	1.87	1.58	2.42	2.46	2.16	2.67	1.99	0.86	1.12	2.41
Cash & Equivalents per Share	84.67	94.45	85.23	54.13	66.6	116.4	107.52	95.19	106.42	129.35	127.33	41.11	48.61	40.93	24.46
Book Value per Share	16.19	16.66	17.21	17.84	18.46	18.9	18.98	19.34	18.9	17.45	17.8	18.53	17.94	18.25	19.52
Tangible Book Value per Share	17.11	17.65	12.97	16.16	17.74	17.48	18.13	17.15	19.54	19	16.54	4.57	5.26	6.21	8.68

Citizens Holding Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)