ConnectOne Bancorp, Inc. Financial Ratios — CNOBP 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 (%)	15.95	11.5	12.03	5.97	8.9	6.1	7.78	10.09	10.76	8.59	13.22	11.09	7.04	5.66	5.41
Return on Assets (%)	1.05	1.14	1.21	0.72	1.11	0.74	0.91	1.14	1.26	1.04	1.66	1.41	0.89	0.75	0.67
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 (%)	2.08	1.84	1.67	2.35	2.51	2.52	2.53	2.27	2.3	2.7	2.06	1.76	2.21	2.14	3.7
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	45.18	50.56	51.68	31.54	47.72	30.6	44.7	43.72	48.38	35.81	62.99	54.29	43.46	37.29	29.81
Profit Margin (%)	29.49	35.15	37.57	21.36	32.19	22.19	28.2	37.1	37.76	28.25	46.91	39.7	32.33	27.95	21.27
Net Income to Common Margin (%)	27.75	34.59	37.3	21.24	32.1	22.18	28.2	37.1	37.76	28.25	46.29	37.79	30.09	25.66	19.67
Effective Tax Rate (%)	34.73	30.48	27.3	32.27	32.54	27.48	36.92	15.16	21.94	21.13	25.54	26.87	25.61	25.06	28.65
Dvd Payout Ratio (%)	11.84	16.6	21.5	37.76	21.84	29.19	22.24	16.01	16.57	20.08	13.6	19.66	32	40.26	42.95
Sustainable Growth Rate (%)	14.06	9.59	9.45	3.71	6.96	4.32	6.05	8.47	8.98	6.87	11.42	8.91	4.79	3.38	3.09

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	125	151	120	501	440	300	725	729	646	647	634	1,022	1,026	784	1,138
ST Debt	- -	- -	- -	- -	- -	- -	- -	405	400	298	391	830	881	661	878
LT Debt	125	151	120	501	440	300	725	324	246	349	243	192	145	123	260
Total Debt/EBITDA	127.32	165.38	135.62	244.84	136.5	85	187.04	197.49	144.73	95.05	110.43	184.26	172.73	138.5	81.22
Net Debt/EBITDA	14.3	49.25	42.28	182.82	74.22	28.13	148.44	150.77	95.87	47.75	61.99	133.84	129.66	72.75	51.71
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.96	9.62	10.28	12.95	11.92	12.18	11.21	11.42	11.99	12.18	12.63	11.64	11.95	12.33	10.94
Long-Term Debt/Equity (%)	92.08	94.07	71.27	112.21	92.25	56.41	128.18	52.7	33.59	38.14	21.62	16.31	11.93	9.9	16.51
Long-Term Debt/Capital (%)	44.83	47.35	39.61	52.23	47.32	35.71	55.87	23.92	17.72	22.3	13.72	8.52	6.27	5.82	9.34
Long-Term Debt/Total Assets (%)	8.74	9.27	7.18	14.52	10.96	6.77	14.19	5.92	3.98	4.62	2.99	1.99	1.47	1.24	1.85
Total Debt/Equity (%)	92.08	94.07	71.27	112.21	92.25	56.41	128.18	118.67	88.3	70.65	56.36	86.73	84.35	63.1	72.32
Total Debt/Capital (%)	44.83	47.35	39.61	52.23	47.32	35.71	55.87	53.87	46.58	41.3	35.76	45.31	44.33	37.08	40.92
Total Debt/Total Assets (%)	8.74	9.27	7.18	14.52	10.96	6.77	14.19	13.34	10.46	8.57	7.79	10.6	10.41	7.93	8.13
Net Debt to Equity	10.34	28.01	22.22	83.78	50.16	18.67	101.73	90.6	58.49	35.49	31.63	63	63.32	33.14	46.05
Net Debt/Capital (%)	8.36	21.13	16.98	44.95	32.82	15.53	50.11	47.13	36.11	25.75	23.61	37.36	37.17	23.43	30.19
EBITDA	1	1	1	2	3	4	4	4	4	7	6	6	6	6	14
EBITDA-CapEx	1	- -	- -	- -	-1	1	1	2	3	5	3	2	-1	2	9
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	9.96	9.62	10.28	12.95	11.92	12.18	11.21	11.42	11.99	12.18	12.63	11.64	11.95	12.33	10.94
Long-Term Debt/Equity (%)	92.08	94.07	71.27	112.21	92.25	56.41	128.18	52.7	33.59	38.14	21.62	16.31	11.93	9.9	16.51
Long-Term Debt/Capital (%)	44.83	47.35	39.61	52.23	47.32	35.71	55.87	23.92	17.72	22.3	13.72	8.52	6.27	5.82	9.34
Long-Term Debt/Total Assets (%)	8.74	9.27	7.18	14.52	10.96	6.77	14.19	5.92	3.98	4.62	2.99	1.99	1.47	1.24	1.85
Total Debt/Equity (%)	92.08	94.07	71.27	112.21	92.25	56.41	128.18	118.67	88.3	70.65	56.36	86.73	84.35	63.1	72.32
Total Debt/Capital (%)	44.83	47.35	39.61	52.23	47.32	35.71	55.87	53.87	46.58	41.3	35.76	45.31	44.33	37.08	40.92
Total Debt/Total Assets (%)	8.74	9.27	7.18	14.52	10.96	6.77	14.19	13.34	10.46	8.57	7.79	10.6	10.41	7.93	8.13
CFO/Total Liabilities	1.39	1.43	1.54	0.84	1.31	1.28	2.89	1.84	1.12	1.22	2.89	2.09	1.08	0.7	0.86
CFO/CapEx	57.23	25.02	23.8	12.68	11.91	18.4	49.28	43.42	39.74	36.89	72.68	53.55	12.5	16	19.74
Altman's Z-Score	0.07	0.07	0.08	0.06	0.07	0.07	0.08	0.09	0.1	0.1	0.11	0.11	0.11	0.12	0.1

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	9.12	7.62	7.77	9.39	10.59	10.98	10.78	9.66	9.93	8.97	8	7.86	5.66	5.58	7.12
Days Sales Outstanding	40.01	47.88	46.97	38.86	34.48	33.24	33.86	37.79	36.77	40.69	45.62	46.42	64.54	65.38	51.27
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	111	106	83	127	201	200	150	172	201	304	266	268	243	356	381
+ Preferred Equity and Hybrid Capital	11	11	11	11	11	- -	- -	- -	- -	- -	111	111	111	111	111
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	125	151	120	501	440	300	725	729	646	647	634	1,022	1,026	784	1,138
Enterprise Value	-389	-441	-274	96	55	-254	140	144	39	-145	-56	230	277	-75	231
Total Capital	279	319	303	959	930	839	1,297	1,352	1,386	1,566	1,772	2,256	2,315	2,113	2,780
Total Debt/Capital (%)	44.83	47.35	39.61	52.23	47.32	35.71	55.87	53.87	46.58	41.3	35.76	45.31	44.33	37.08	40.92
Total Debt / EV	-0.32	-0.34	-0.44	5.24	8.02	-1.18	5.18	5.05	16.37	-4.46	-11.4	4.44	3.7	-10.46	4.93
EV/Sales	- -	- -	- -	1.1	0.43	- -	0.91	0.89	0.2	- -	- -	0.73	1.03	0.51	0.61
EV/EBITDA	- -	- -	- -	46.74	17.03	- -	36.11	39.08	8.84	- -	- -	41.46	46.67	23.69	16.46
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	3.79	1.19	- -	1.07	1.62	0.65	- -	- -	1.3	2.98	2.21	2.17
EV/Free Cash Flow to Firm	- -	- -	- -	3.52	1.1	- -	1.05	1.58	0.63	- -	- -	1.28	2.76	2.08	2.06
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	25	56	49	385	251	99	575	556	444	343	479	865	894	538	868
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	47	50	53	87	128	140	153	163	194	252	278	315	269	264	378
TTM EBITDA	1	1	1	2	3	4	4	4	4	7	6	6	6	6	14
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	18	21	23	25	46	50	131	89	61	81	202	177	93	61	106
TTM Free Cash Flow to Firm	18	22	24	27	50	52	134	91	62	83	205	180	100	64	112

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-389	-441	-274	96	55	-254	140	144	39	-145	-56	230	277	-75	231
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.25	19.51	14	18.45	20.6
EV/Sales	- -	- -	- -	1.1	0.43	- -	0.91	0.89	0.2	- -	- -	0.73	1.03	0.51	0.61
EV/EBITDA	- -	- -	- -	46.74	17.03	- -	36.11	39.08	8.84	- -	- -	41.46	46.67	23.69	16.46
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.54	1.13	0.92	4.43	1.95	0.71	3.75	3.42	2.29	1.36	1.72	2.74	3.32	2.04	2.29
EV/Sales High	0.54	1.13	0.92	4.43	1.95	0.71	3.75	3.42	2.29	1.36	1.72	2.74	3.32	2.04	2.29
EV/Sales Low	0.54	1.13	0.92	4.43	1.95	0.71	3.75	3.42	2.29	1.36	1.72	2.74	3.32	2.04	2.29
EV/EBITDA Average	25.74	61.56	54.98	188.32	77.71	28.13	148.44	150.77	99.56	50.4	83.48	155.89	150.55	95.09	61.95
EV/EBITDA High	25.74	61.56	54.98	188.32	77.71	28.13	148.44	150.77	99.56	50.4	83.48	155.89	150.55	95.09	61.95
EV/EBITDA Low	25.74	61.56	54.98	188.32	77.71	28.13	148.44	150.77	99.56	50.4	83.48	155.89	150.55	95.09	61.95
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.4	20.39	18.5	22.97	24.49
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.26	26.42	23.38	22.97	24.49
Enterprise Value Average	25	56	49	385	251	99	575	556	444	343	479	865	894	538	868
Enterprise Value High	25	56	49	385	251	99	575	556	444	343	479	865	894	538	868
Enterprise Value Low	25	56	49	385	251	99	575	556	444	343	479	865	894	538	868

	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	16	16	16	30	30	32	32	32	35	40	40	39	39	38	50
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

ConnectOne Bancorp, Inc.

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