Conifer Holdings, Inc. Financial Ratios — CNFR Stock

Profitability (USD)

	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
Return on Common Equity (%)	- -	3.37	-22.59	-0.79	-11.56	-35.3	-18.84	-17.98	1.39	-2.54	-26.78	-106.74	101.33
Return on Assets (%)	- -	0.72	-5.32	0.04	-4.42	-9.73	-3.91	-3.26	0.23	-0.4	-3.54	-8.25	8.15
Return on Capital (%)	- -	5.64	- -	0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	1.63	- -	0.04	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	2.03	0.65	-10.36	0.1	-8.3	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	2.03	0.65	-10.36	0.1	-8.3	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	-0.48	- -	52.42	- -	-110.28	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	2.03	0.65	-10.36	0.1	-8.3	-22.89	-10.05	-9.64	-0.23	-1.47	-20.19	-30.71	-54.42
Profit Margin (%)	2.11	0.8	-9.95	0.08	-8.1	-22.36	-9.8	-8.27	0.57	-0.94	-10.53	-28.79	36.72
Net Income to Common Margin (%)	2.11	0.8	-10.33	-0.57	-8.1	-22.36	-9.8	-8.27	0.57	-0.94	-10.53	-28.81	35.49
Effective Tax Rate (%)	- -	1.06	- -	57.83	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	1.03	24.45	- -	- -	- -	- -	- -	- -	- -	0.07	1.08
Sustainable Growth Rate (%)	- -	3.37	-22.35	-0.6	-11.56	-35.3	-18.84	-17.98	1.39	-2.54	-26.78	-106.67	100.24

Credit (USD)

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	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
Total Debt	- -	13	28	13	18	29	34	36	41	34	34	25	12
ST Debt	- -	- -	- -	- -	- -	- -	- -	2	5	- -	- -	- -	- -
LT Debt	- -	13	28	13	18	29	34	34	36	34	34	25	12
Total Debt/EBITDA	- -	46.24	-3.82	153.61	-2.05	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	6.33	-1.26	0.57	-0.61	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	46.24	-3.82	153.61	-2.05	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	6.33	-1.26	0.57	-0.61	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	0.93	0.52	-12.36	0.11	-13.36	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	0.8	- -	-13.12	-0.11	-13.66	-0.01	-0.03	-0.02	-0.03	- -	- -	- -	- -
EBIT to Interest Expense	0.93	0.52	-12.36	0.11	-13.36	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	1	1	1	1	1	3	3	3	3	3	3	5
Common Equity/Total Assets	- -	21.41	26.28	43.32	33.81	22.25	19.24	17.08	16.63	14.67	11.89	3.62	12.44
Long-Term Debt/Equity (%)	- -	61.58	54.82	16.5	26.18	54.95	79.46	79.17	81.05	82.87	178.77	867.46	55.43
Long-Term Debt/Capital (%)	- -	38.72	35.94	14.19	20.49	35.31	42.8	43.33	42.6	44.06	47.69	59	25.41
Long-Term Debt/Total Assets (%)	- -	13.51	16.83	7.17	8.71	12.14	14.39	13.68	13.76	11.56	10.85	7.94	4.24
Total Debt/Equity (%)	- -	61.58	54.82	16.5	26.18	54.95	79.46	83.85	92.31	82.87	178.77	867.46	55.43
Total Debt/Capital (%)	- -	38.72	35.94	14.19	20.49	35.31	42.8	45.89	48.52	44.06	47.69	59	25.41
Total Debt/Total Assets (%)	- -	13.51	16.83	7.17	8.71	12.14	14.39	14.49	15.67	11.56	10.85	7.94	4.24
Net Debt to Equity	- -	8.43	18.05	0.06	7.75	32.48	53.86	66.38	73.86	58.39	30.82	498.37	-73.04
Net Debt/Capital (%)	- -	7.96	15.59	0.06	7.09	24.39	33.65	40.17	42.99	35.69	13.59	45.26	-81.45
EBITDA	- -	- -	-7	- -	-9	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	-8	- -	-9	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	-7	- -	-9	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	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
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	21.41	26.28	43.32	33.81	22.25	19.24	17.08	16.63	14.67	11.89	3.62	12.44
Long-Term Debt/Equity (%)	- -	61.58	54.82	16.5	26.18	54.95	79.46	79.17	81.05	82.87	178.77	867.46	55.43
Long-Term Debt/Capital (%)	- -	38.72	35.94	14.19	20.49	35.31	42.8	43.33	42.6	44.06	47.69	59	25.41
Long-Term Debt/Total Assets (%)	- -	13.51	16.83	7.17	8.71	12.14	14.39	13.68	13.76	11.56	10.85	7.94	4.24
Total Debt/Equity (%)	- -	61.58	54.82	16.5	26.18	54.95	79.46	83.85	92.31	82.87	178.77	867.46	55.43
Total Debt/Capital (%)	- -	38.72	35.94	14.19	20.49	35.31	42.8	45.89	48.52	44.06	47.69	59	25.41
Total Debt/Total Assets (%)	- -	13.51	16.83	7.17	8.71	12.14	14.39	14.49	15.67	11.56	10.85	7.94	4.24
CFO/Total Liabilities	- -	3.36	5.56	-3.12	4.54	4.88	-8.92	7.51	1.37	2.14	-13.79	-4.28	-12.56
CFO/CapEx	23.37	8.98	14.2	-18.78	31.62	699.23	-197.77	251.82	38.23	- -	- -	- -	- -
Altman's Z-Score	- -	0.53	0.26	0.74	0.57	0.36	0.25	0.21	0.22	0.21	0.09	-0.07	-0.05

Working Capital (USD)

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	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
Accounts Receivable Turnover	- -	5.21	3.84	3.74	3.65	2.43	1.82	1.82	2.19	2.12	1.17	0.8	0.62
Days Sales Outstanding	- -	70.06	95.09	97.48	100	150.44	200.31	200.36	166.51	172.18	312.91	454.16	589.37
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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	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
Market Capitalization	- -	- -	- -	50	62	46	30	36	32	22	17	13	14
- Cash & Cash Equivalents	- -	11	18	13	12	12	11	7	8	10	28	11	28
+ Preferred Equity and Hybrid Capital	- -	- -	6	- -	- -	- -	- -	- -	- -	- -	- -	6	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	13	28	13	18	29	34	36	41	34	34	25	12
Enterprise Value	- -	-8	-2	43	-57	-85	-77	-99	-101	-127	-114	-109	-128
Total Capital	- -	34	77	90	87	82	78	78	84	76	71	42	47
Total Debt/Capital (%)	- -	38.72	35.94	14.19	20.49	35.31	42.8	45.89	48.52	44.06	47.69	59	25.41
Total Debt / EV	- -	-1.74	-17.46	0.29	-0.31	-0.34	-0.44	-0.36	-0.41	-0.26	-0.3	-0.23	-0.09
EV/Sales	- -	- -	- -	0.52	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	523.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	523.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	50	62	46	30	36	32	22	17	13	14
Diluted Enterprise Value	- -	2	15	50	67	63	53	64	64	46	23	34	-1
EV per Share	- -	- -	- -	8.09	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	20	43	70	84	104	96	94	95	103	116	101	90	66
TTM EBITDA	- -	- -	-7	- -	-9	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	-7	- -	-9	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	2	3	7	-3	7	10	-14	18	6	9	-39	-10	-28
TTM Free Cash Flow to Firm	2	3	7	-3	7	10	-14	18	6	9	-39	-10	-28

Multiples (USD)

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	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
Price/Free Cash Flow	- -	- -	- -	-16.77	9.76	5.01	-1.77	2.3	10.35	4.2	-0.41	-1	-0.44
EV/EBIT	- -	- -	- -	523.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	-8	-2	43	-57	-85	-77	-99	-101	-127	-114	-109	-128
Low Price	- -	- -	- -	8.25	5.32	5.3	3.06	3.12	2	2.1	1.28	0.65	0.65
EV/Sales	- -	- -	- -	0.52	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	523.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	53.22	- -	- -	- -	0.61
Price/Earnings Average	- -	- -	- -	-109.26	-6.61	-2.51	-5.4	-4.58	47.87	-26.83	-1.88	-0.69	0.56
Price/Earnings High	- -	- -	- -	-123.53	-8.42	-2.99	-6.67	-5.61	80.88	-42.7	-2.55	-0.98	0.99
Price/Earnings Low	- -	- -	- -	-93.07	-4.8	-1.94	-2.83	-3.54	32.35	-18.6	-1.28	-0.31	0.34
Price/Book Value	- -	- -	- -	0.65	0.9	0.86	0.67	0.84	0.73	0.53	0.45	1.18	0.41
Price/Book Value Average	- -	- -	- -	0.67	0.81	1.02	1.11	0.85	0.65	0.69	0.54	1.56	0.37
Price/Book Value High	- -	- -	- -	0.76	1.03	1.21	1.37	1.04	1.11	1.1	0.73	2.23	0.67
Price/Book Value Low	- -	- -	- -	0.57	0.59	0.78	0.58	0.66	0.44	0.48	0.37	0.7	0.23
Price/Tangible Book Value	- -	- -	- -	0.64	0.92	0.86	0.71	0.83	0.71	0.56	0.89	-4.32	0.66
Price/Tangible Book Value Average	- -	- -	- -	0.67	0.82	1.02	1.18	0.84	0.64	0.72	1.06	-5.71	0.61
Price/Tangible Book Value High	- -	- -	- -	0.76	1.05	1.22	1.46	1.03	1.08	1.15	1.44	-8.17	1.08
Price/Tangible Book Value Low	- -	- -	- -	0.57	0.6	0.79	0.62	0.65	0.43	0.5	0.72	-2.55	0.37
Price/Sales	- -	- -	- -	0.6	0.6	0.47	0.32	0.38	0.31	0.19	0.17	0.15	0.22
Price/Sales Average	- -	- -	- -	0.62	0.54	0.56	0.53	0.38	0.28	0.25	0.2	0.2	0.2
Price/Sales High	- -	- -	- -	0.7	0.68	0.67	0.65	0.46	0.47	0.4	0.27	0.28	0.35
Price/Sales Low	- -	- -	- -	0.53	0.39	0.43	0.28	0.29	0.19	0.18	0.13	0.09	0.12
Price/Cash Flow	- -	- -	- -	-15.87	10.07	5.02	-1.76	2.31	10.62	4.2	-0.41	-1	-0.44
Price/Cash Flow Average	- -	- -	- -	-16.58	9.05	5.95	-2.93	2.33	9.55	5.48	-0.5	-1.33	-0.4
Price/Cash Flow High	- -	- -	- -	-18.75	11.52	7.1	-3.62	2.86	16.14	8.72	-0.67	-1.9	-0.71
Price/Cash Flow Low	- -	- -	- -	-14.13	6.57	4.59	-1.54	1.8	6.46	3.8	-0.34	-0.59	-0.24
Price/Free Cash Flow Average	- -	- -	- -	-17.52	8.77	5.94	-2.94	2.32	9.31	5.48	-0.5	-1.33	-0.4
Price/Free Cash Flow High	- -	- -	- -	-19.81	11.16	7.09	-3.64	2.84	15.73	8.72	-0.67	-1.9	-0.71
Price/Free Cash Flow Low	- -	- -	- -	-14.92	6.37	4.58	-1.54	1.8	6.29	3.8	-0.34	-0.59	-0.24
EV/Sales Average	- -	0.04	0.22	0.62	0.59	0.74	0.77	0.68	0.59	0.46	0.26	0.42	- -
EV/Sales High	- -	0.04	0.22	0.7	0.73	0.85	0.89	0.76	0.78	0.61	0.33	0.51	0.11
EV/Sales Low	- -	0.04	0.22	0.53	0.44	0.61	0.52	0.59	0.5	0.38	0.19	0.32	- -
EV/EBITDA Average	- -	6.26	-2.1	627.18	-7.06	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	6.26	-2.1	709.01	-8.82	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	6.26	-2.1	534.33	-5.3	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	6.26	-2.1	627.18	-7.06	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	6.26	-2.1	709.01	-8.82	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	6.26	-2.1	534.33	-5.3	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	9.27	8.15	5.8	3.5	4	3.29	2.32	1.57	1.1	1.17
High Price	- -	- -	- -	10.95	9.32	8.2	7.2	4.94	5	4.82	2.55	2.08	1.91
Enterprise Value Average	- -	2	15	52	61	71	73	64	61	53	26	38	-3
Enterprise Value High	- -	2	15	59	76	82	84	72	81	70	33	46	8
Enterprise Value Low	- -	2	15	44	46	59	49	56	52	44	20	28	-8

	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
Shares Outstanding	- -	9	9	8	8	9	8	10	10	10	12	12	12
Diluted Weighted Avg Shares	5	6	6	5	8	8	9	9	10	10	11	12	12
Basic Weighted Avg Shares	5	6	6	5	8	8	9	9	10	10	11	12	12
Revenue per Share	3.96	6.8	10.9	15.57	13.68	12.25	11.02	10.66	10.75	11.96	9.49	7.36	5.42
EBITDA per Share	0.08	0.04	-1.13	0.02	-1.13	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	0.08	0.04	-1.13	0.02	-1.13	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.08	0.05	-1.13	-0.09	-1.11	-2.74	-1.08	-0.88	0.06	-0.11	-1	-2.12	1.93
Basic EPS from Cont Ops	0.08	0.04	-1.09	- -	-1.11	-2.74	-1.08	-0.88	0.06	-0.11	-1	-2.23	-2.8
Diluted EPS, GAAP	0.08	0.05	-1.12	-0.09	-1.11	-2.74	-1.08	-0.88	0.06	-0.11	-1	-2.12	1.93
Diluted EPS from Cont Ops	0.08	0.04	-1.08	- -	-1.11	-2.74	-1.08	-0.88	0.06	-0.11	-1	-2.23	-2.8
Dividend per Share	- -	- -	0.03	0.07	- -	- -	- -	- -	- -	- -	- -	- -	0.04
Cash Flow per Share	0.25	0.4	0.99	-0.58	0.81	1.16	-1.99	1.73	0.31	0.55	-3.79	-1.1	-2.67
Free Cash Flow per Basic Share	0.24	0.35	0.92	-0.62	0.78	1.15	-2	1.72	0.3	0.55	-3.79	-1.1	-2.67
Cash & Equivalents per Share	- -	3.22	5.51	3.56	17.91	20.32	16.4	19.13	18.03	18.85	15.35	12.57	12.64
Book Value per Share	- -	3.24	6.73	14.35	9.04	6.76	5.24	4.76	4.52	4.4	3.47	0.93	2.87
Tangible Book Value per Share	- -	2.96	6.55	14.39	8.9	6.71	4.93	4.81	4.61	4.18	1.77	-0.25	1.76

Conifer Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)