Cashmere Valley Bank Financial Ratios — CSHX 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	2025 Y
Return on Common Equity (%)	- -	12.11	12.22	11.82	11.29	10.91	12.01	11.81	11.87	12.46	10.31	10.37	9.68	9.35
Return on Assets (%)	- -	1.13	1.21	1.24	1.24	1.24	1.43	1.48	1.4	1.38	1.21	1.35	1.35	1.33
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	10.79	10.67	10.62	10.74	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.96	46.7	47.54	47.28	50.67	4.17	5.19	4.55	5.01	4.81	4.3	3.78	3.94	3.16
Operating Margin (%)	- -	42.22	43.77	43.77	46.94	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	1,225.97	62.53	43.89	-142.07	-481.61	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	40.45	42.22	43.77	43.77	46.94	44.42	42.95	43.84	43.61	46.78	40.55	42.84	40.68	40.15
Profit Margin (%)	32.44	33.4	34.25	35.04	37.26	35.66	38.21	37.59	37.67	39.96	35.36	35	33.63	32.35
Net Income to Common Margin (%)	32.44	33.4	34.25	35.04	37.26	35.66	38.21	37.59	37.67	39.96	35.36	35	33.63	32.35
Effective Tax Rate (%)	19.8	20.89	21.76	19.94	20.62	19.72	11.02	14.27	13.61	14.56	12.8	18.15	17.11	18.99
Dvd Payout Ratio (%)	23	21.6	20.25	21.82	22.85	24.09	51	22.9	52.93	20.94	25.39	23.51	23.35	24.41
Sustainable Growth Rate (%)	- -	9.49	9.75	9.24	8.71	8.28	5.88	9.1	5.59	9.85	7.69	7.93	7.42	7.07

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	2025 Y
Total Debt	3	12	16	3	2	2	3	- -	- -	35	- -	- -	36	83
ST Debt	- -	9	13	- -	- -	- -	3	- -	- -	35	- -	- -	36	83
LT Debt	3	3	3	3	2	2	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	2.07	0.63	0.72	0.12	0.1	0.99	1.18	- -	- -	9.88	- -	- -	10.92	29.06
Net Debt/EBITDA	-45.58	-2.33	-1.44	-3.23	-4.72	-23.41	-13.29	-48.45	-36.74	-19.85	-53.83	-37.38	-54.58	-57.61
Total Debt/EBIT	- -	0.69	0.78	0.13	0.11	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-2.58	-1.56	-3.49	-5.09	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.04	9.6	10.22	10.74	11.14	11.57	12.32	12.65	11.09	11	12.45	13.71	14.22	14.24
Long-Term Debt/Equity (%)	2.77	2.51	2.06	1.72	1.28	1.01	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	2.93	2.33	1.93	1.77	1.29	1.02	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	0.27	0.25	0.22	0.19	0.15	0.12	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	2.77	9.92	11.04	1.72	1.45	1.17	1.87	- -	- -	14.43	- -	- -	15.51	30.46
Total Debt/Capital (%)	2.93	9.21	10.39	1.77	1.46	1.19	1.83	- -	- -	12.36	- -	- -	10.64	20.35
Total Debt/Total Assets (%)	0.27	0.97	1.18	0.19	0.17	0.14	0.23	- -	- -	1.55	- -	- -	1.7	3.65
Net Debt to Equity	-60.81	-36.82	-22.15	-46.99	-67.79	-27.9	-20.96	-66.75	-52.26	-29	-107.53	-55.75	-77.54	-60.38
Net Debt/Capital (%)	-196.47	-60.38	-30.3	-96.77	-227.22	-40.24	-26.53	-191.01	-129.29	-39.56	-190.2	-67.51	-147.09	-102.64
EBITDA	2	20	22	23	24	2	3	3	3	3	3	3	3	3
EBITDA-CapEx	- -	19	21	19	22	-3	-1	2	2	1	- -	-2	3	1
Operating Income (Loss)	- -	18	20	21	22	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.04	9.6	10.22	10.74	11.14	11.57	12.32	12.65	11.09	11	12.45	13.71	14.22	14.24
Long-Term Debt/Equity (%)	2.77	2.51	2.06	1.72	1.28	1.01	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	2.93	2.33	1.93	1.77	1.29	1.02	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	0.27	0.25	0.22	0.19	0.15	0.12	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	2.77	9.92	11.04	1.72	1.45	1.17	1.87	- -	- -	14.43	- -	- -	15.51	30.46
Total Debt/Capital (%)	2.93	9.21	10.39	1.77	1.46	1.19	1.83	- -	- -	12.36	- -	- -	10.64	20.35
Total Debt/Total Assets (%)	0.27	0.97	1.18	0.19	0.17	0.14	0.23	- -	- -	1.55	- -	- -	1.7	3.65
CFO/Total Liabilities	3.02	2.77	2.28	2.27	2.12	2.12	2.51	2.12	1.8	2	2.49	2.21	2	1.86
CFO/CapEx	21.71	31.86	21.88	8.75	12.02	6.09	9.64	23.03	20.81	13.67	14.58	8.03	72.65	20.16
Altman's Z-Score	0.16	0.26	0.28	0.29	0.31	0.28	0.29	0.3	0.25	0.26	0.26	0.29	0.31	0.33

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	2025 Y
Accounts Receivable Turnover	- -	9.2	10.12	10.79	10.57	10.24	10.39	11.3	10.07	8.87	8.78	9.08	9.12	10.14
Days Sales Outstanding	- -	39.69	36.05	33.83	34.52	35.64	35.13	32.31	36.25	41.15	41.58	40.2	40.02	36
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	2025 Y
Market Capitalization	- -	84	103	116	146	184	179	213	183	251	161	189	224	289
- Cash & Cash Equivalents	78	59	47	76	115	52	43	137	125	104	170	113	216	248
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1
+ Total Debt	3	12	16	3	2	2	3	- -	- -	35	- -	- -	36	83
Enterprise Value	-560	-430	-406	-372	-380	-381	-300	-466	-798	-922	-680	-574	-672	100
Total Capital	115	136	151	151	164	178	191	209	221	279	260	281	338	408
Total Debt/Capital (%)	2.93	9.21	10.39	1.77	1.46	1.19	1.83	- -	- -	12.36	- -	- -	10.64	20.35
Total Debt / EV	-0.01	-0.03	-0.04	-0.01	-0.01	-0.01	-0.01	- -	- -	-0.04	- -	- -	-0.05	0.83
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.11
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.14
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.7
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.57
Diluted Market Cap	- -	84	103	116	147	185	180	214	183	252	161	189	224	290
Diluted Enterprise Value	-74	38	72	43	35	135	141	76	58	182	-9	77	45	127
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.73
TTM Sales	41	43	46	48	47	52	57	62	68	73	74	80	84	90
TTM EBITDA	2	20	22	23	24	2	3	3	3	3	3	3	3	3
TTM Operating Income	- -	18	20	21	22	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	34	32	27	28	27	28	33	31	32	40	48	41	38	37
TTM Free Cash Flow to Firm	35	33	28	31	30	33	37	32	33	43	51	46	38	39

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	2025 Y
Price/Free Cash Flow	- -	2.55	3.67	3.74	4.97	5.6	4.87	6.69	5.54	5.9	3.14	4.13	5.85	7.42
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-560	-430	-406	-372	-380	-381	-300	-466	-798	-922	-680	-574	-672	100
Low Price	- -	21.82	29.75	35	36.66	47.25	53.01	54.99	36.01	52.61	44.1	40	48.71	56.8
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.11
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.14
Price/Earnings	- -	5.91	6.52	6.9	8.35	10.01	8.23	9.11	7.16	8.63	6.18	6.76	7.96	9.88
Price/Earnings Average	- -	5.94	6.21	6.66	7.31	9.21	10.05	8.49	6.54	8.2	7.84	5.88	7.25	8.89
Price/Earnings High	- -	8.67	9.61	9.34	11.3	13.27	13.6	11.05	10.12	10.09	10.94	7.15	8.28	9.94
Price/Earnings Low	- -	6.2	7.63	8.5	8.55	10.53	10.01	9.64	5.6	7.09	6.59	5.55	6.73	7.58
Price/Book Value	- -	0.68	0.76	0.78	0.9	1.05	0.96	1.02	0.83	1.02	0.62	0.68	0.74	0.89
Price/Book Value Average	- -	0.69	0.72	0.75	0.79	0.97	1.17	0.95	0.75	0.97	0.78	0.59	0.68	0.8
Price/Book Value High	- -	1	1.12	1.06	1.22	1.39	1.58	1.24	1.17	1.2	1.09	0.71	0.77	0.9
Price/Book Value Low	- -	0.72	0.89	0.96	0.93	1.11	1.16	1.08	0.65	0.84	0.66	0.55	0.63	0.68
Price/Tangible Book Value	- -	0.72	0.77	0.79	0.93	1.09	1.01	1.1	0.8	1.12	1.11	1	1.02	1.11
Price/Tangible Book Value Average	- -	0.72	0.74	0.76	0.81	1	1.24	1.02	0.73	1.06	1.41	0.87	0.93	1
Price/Tangible Book Value High	- -	1.05	1.14	1.07	1.26	1.44	1.68	1.33	1.14	1.3	1.97	1.06	1.06	1.12
Price/Tangible Book Value Low	- -	0.75	0.9	0.97	0.95	1.15	1.24	1.16	0.63	0.92	1.19	0.82	0.86	0.85
Price/Sales	- -	1.97	2.23	2.42	3.11	3.57	3.14	3.42	2.7	3.45	2.19	2.37	2.68	3.2
Price/Sales Average	- -	1.99	2.13	2.33	2.72	3.28	3.84	3.19	2.46	3.28	2.77	2.06	2.44	2.88
Price/Sales High	- -	2.89	3.29	3.27	4.21	4.73	5.2	4.15	3.81	4.03	3.87	2.5	2.78	3.22
Price/Sales Low	- -	2.07	2.61	2.98	3.19	3.76	3.83	3.62	2.11	2.83	2.33	1.94	2.26	2.45
Price/Cash Flow	- -	2.62	3.82	4.15	5.36	6.5	5.36	6.96	5.8	6.31	3.35	4.65	5.92	7.76
Price/Cash Flow Average	- -	2.64	3.64	4.01	4.69	5.98	6.55	6.49	5.29	5.99	4.25	4.04	5.39	6.98
Price/Cash Flow High	- -	3.84	5.63	5.62	7.25	8.61	8.86	8.44	8.19	7.37	5.93	4.91	6.16	7.81
Price/Cash Flow Low	- -	2.75	4.47	5.11	5.49	6.84	6.52	7.37	4.54	5.18	3.57	3.81	5	5.95
Price/Free Cash Flow Average	- -	2.56	3.49	3.61	4.34	5.15	5.96	6.24	5.05	5.6	3.98	3.59	5.32	6.68
Price/Free Cash Flow High	- -	3.74	5.41	5.07	6.72	7.42	8.06	8.11	7.82	6.89	5.55	4.37	6.08	7.47
Price/Free Cash Flow Low	- -	2.67	4.29	4.61	5.09	5.89	5.93	7.08	4.33	4.85	3.34	3.39	4.94	5.69
EV/Sales Average	- -	0.9	1.44	0.81	0.33	2.31	3.15	0.99	0.62	2.32	0.46	0.65	0.3	1.07
EV/Sales High	- -	1.81	2.61	1.75	1.82	3.76	4.51	1.95	1.97	3.08	1.55	1.09	0.64	1.41
EV/Sales Low	- -	0.98	1.93	1.45	0.8	2.78	3.14	1.42	0.27	1.88	0.01	0.53	0.12	0.64
EV/EBITDA Average	-45.58	1.92	3.04	1.71	0.65	55.43	60.77	21.78	12.39	48.28	10.59	17.13	7.55	33.77
EV/EBITDA High	-45.58	3.87	5.49	3.7	3.59	90.12	86.95	42.88	39.3	63.96	36.08	28.9	16.31	44.55
EV/EBITDA Low	-45.58	2.1	4.06	3.07	1.57	66.74	60.49	31.27	5.39	39.09	0.3	14.13	3.08	20.38
EV/EBIT Average	- -	2.13	3.3	1.85	0.71	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	4.28	5.96	4	3.88	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	2.33	4.41	3.32	1.7	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	20.79	25.44	28.42	35.81	44.91	43.55	51.94	46.02	64.04	41.4	48.72	57.66	74.04
High Price	- -	30.5	37.5	38.5	48.45	59.5	72.02	63	65	74.82	73.25	51.5	59.93	74.5
Enterprise Value Average	-74	38	67	39	16	119	180	62	42	169	33	52	25	96
Enterprise Value High	-74	77	120	84	86	194	257	121	133	223	114	87	54	127
Enterprise Value Low	-74	42	89	69	37	144	179	88	18	137	1	43	10	58

	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	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Basic Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Revenue per Share	10.18	10.54	11.39	11.76	11.5	12.58	13.85	15.17	17.06	18.56	18.94	20.58	21.53	23.16
EBITDA per Share	0.4	4.92	5.42	5.56	5.83	0.52	0.72	0.69	0.85	0.89	0.81	0.78	0.85	0.73
Operating Income per Share	- -	4.45	4.99	5.15	5.4	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.3	3.52	3.9	4.12	4.29	4.49	5.29	5.7	6.43	7.42	6.7	7.2	7.24	7.49
Basic EPS from Cont Ops	3.3	3.52	3.9	4.12	4.29	4.49	5.29	5.7	6.43	7.42	6.7	7.22	7.26	7.53
Diluted EPS, GAAP	3.3	3.51	3.88	4.1	4.27	4.47	5.27	5.69	6.42	7.39	6.69	7.2	7.24	7.46
Diluted EPS from Cont Ops	3.3	3.51	3.88	4.1	4.27	4.47	5.27	5.69	6.42	7.39	6.69	7.21	7.26	7.5
Dividend per Share	0.76	0.76	0.79	0.9	0.98	1.08	2.7	1.31	3.4	1.55	1.7	1.7	1.7	1.85
Cash Flow per Share	8.35	7.94	6.66	6.85	6.68	6.91	8.13	7.46	7.94	10.15	12.35	10.49	9.73	9.54
Free Cash Flow per Basic Share	7.97	7.69	6.35	6.07	6.12	5.78	7.28	7.14	7.56	9.4	11.51	9.18	9.6	9.07
Cash & Equivalents per Share	139.61	130.2	129.69	120.48	129.38	138.23	117.3	165.56	247.01	308.41	216.42	196.7	239.79	69.89
Book Value per Share	27.71	30.46	33.42	36.48	39.61	42.76	45.54	50.92	55.7	62.5	66.91	72.12	77.56	82.97
Tangible Book Value per Share	27.96	28.96	32.95	36.06	38.48	41.19	42.92	47.34	57.17	57.34	37.17	48.72	56.42	66.73

Cashmere Valley Bank

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)