Deluxe Corporation Financial Ratios — DLX 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 (%)	55.66	46.59	37.83	32.22	29.56	26.49	23.2	14.78	-28.21	0.91	11.54	11.78	4.76	9.88	15
Return on Assets (%)	10.72	12.17	12.52	12.27	12.39	11.39	10.48	6.63	-10.53	0.28	2.55	2.13	0.85	1.79	2.88
Return on Capital (%)	17.51	19.03	18.6	18.42	17.44	15.67	14.25	9.26	- -	0.66	5.36	6.06	4.86	6.42	8.03
Return on Invested Capital (%)	18.83	19.87	19.46	19.66	18.59	16.62	17.01	13.88	- -	3.04	7.1	7.13	5.94	6.75	8.17
Gross Margin (%)	65.19	65.39	64.59	63.78	63.94	63.88	62.21	60.37	59.53	59.19	56.27	53.88	53.04	53.09	53
EBITDA Margin (%)	25.2	24.8	25.04	24.76	24.56	25.18	26.21	24.19	21.41	18.48	17.09	17.21	17.16	18.04	18.53
Operating Margin (%)	20.03	20.47	20.97	20.82	20.24	20.23	19.97	17.63	15.14	12.3	9.74	9.5	9.42	10.24	12.07
Incremental Operating Margin (%)	-36.64	26.92	31.85	18.22	10.27	20.02	15.97	-124.24	-450.8	38.49	-10.07	7.29	13.22	-15.18	351.75
Pretax Margin (%)	15.24	16.55	17.73	17.75	18.5	18.41	15.92	10.64	-10.74	1.5	4.64	3.77	1.82	3.61	5.58
Profit Margin (%)	10.2	11.25	11.78	11.93	12.33	12.41	11.71	7.49	-11.14	0.29	3.1	2.92	1.19	2.49	3.85
Net Income to Common Margin (%)	10.2	11.25	11.78	11.93	12.33	12.41	11.71	7.49	-11.14	0.29	3.1	2.92	1.19	2.49	3.85
Effective Tax Rate (%)	33.08	32.01	33.59	32.77	33.33	32.61	26.43	29.63	- -	80.1	33.08	22.34	34.17	30.85	30.98
Dvd Payout Ratio (%)	35.36	29.87	27.17	28.83	27.33	25.6	25.24	37.87	-23.12	935.24	82.11	80.18	202.66	102.26	67.07
Sustainable Growth Rate (%)	35.98	32.68	27.55	22.93	21.48	19.71	17.34	9.18	-34.73	-7.61	2.06	2.34	-4.89	-0.22	4.94

Credit (USD)

API Chat

	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	742	653	641	554	629	759	709	912	930	880	1,754	1,706	1,665	1,564	1,481
ST Debt	86	- -	256	161	1	36	44	1	13	12	72	85	100	50	28
LT Debt	656	653	385	393	628	723	665	911	917	868	1,682	1,621	1,566	1,515	1,453
Total Debt/EBITDA	2.08	1.74	1.61	1.34	1.44	1.63	1.38	1.89	2.16	2.66	5.07	4.43	4.43	4.09	3.75
Net Debt/EBITDA	2	1.62	1.3	1.18	2.29	1.46	1.26	1.76	1.88	2.17	4.75	4.16	4.04	3.84	3.52
Total Debt/EBIT	2.61	2.1	1.93	1.59	1.75	2.03	1.81	2.59	3.06	4	8.91	8.02	8.06	7.2	5.75
Net Debt/EBIT	2.51	1.96	1.56	1.41	2.78	1.82	1.65	2.41	2.66	3.26	8.34	7.54	7.36	6.76	5.41
EBITDA to Interest Expense	7.47	8.02	10.36	11.35	21.45	20.88	24.12	17.83	12.4	14.3	6.22	4.08	3	3.1	3.24
EBITDA-CapEx/Interest Expense	6.73	7.27	9.38	10.22	19.32	18.79	21.9	15.53	10.48	11.12	4.21	2.92	2.19	2.34	2.46
EBIT to Interest Expense	5.94	6.62	8.68	9.54	17.67	16.77	18.38	12.99	8.77	9.52	3.54	2.25	1.64	1.76	2.11
Interest Expense	48	47	38	37	20	22	21	27	35	23	56	94	126	123	122
Common Equity/Total Assets	22.05	30.13	35.76	40.22	43.44	42.64	47.65	42.17	31.63	29.16	17.84	18.26	17.37	18.84	19.59
Long-Term Debt/Equity (%)	216.77	150.73	69.96	60.76	84.28	82.05	65.54	99.53	160.65	169.14	292.76	268.35	258.93	244	213.44
Long-Term Debt/Capital (%)	62.61	60.53	32.04	31.9	43.94	42.77	37.76	48.36	59.37	61.27	73.04	71.49	71.14	72.2	71.16
Long-Term Debt/Total Assets (%)	47.24	46.2	24.54	23.3	34.09	33.09	30.12	39.52	47.19	47.14	54.72	52.7	50.82	53.51	50.74
Total Debt/Equity (%)	245.04	150.73	116.39	85.61	84.42	86.12	69.88	99.61	162.91	171.4	305.3	282.34	275.42	251.97	217.51
Total Debt/Capital (%)	70.78	60.53	53.3	44.94	44.01	44.89	40.26	48.4	60.2	62.09	76.17	75.21	75.67	74.56	72.51
Total Debt/Total Assets (%)	53.41	46.2	40.82	32.83	34.15	34.73	32.11	39.56	47.86	47.77	57.06	55.45	54.06	55.26	51.7
Net Debt to Equity	235.56	140.24	94.05	75.74	134.01	77.23	63.86	92.88	141.87	139.64	285.72	265.44	251.55	236.54	204.57
Net Debt/Capital (%)	69.95	58.79	47.9	41.85	73.05	42.17	38.07	46.61	55.05	55.4	72.59	71.99	71.44	71.16	69.45
EBITDA	357	376	397	414	435	466	515	483	430	331	346	385	376	383	395
EBITDA-CapEx	322	341	359	373	392	419	468	421	364	257	234	276	276	288	300
Operating Income (Loss)	284	310	332	349	359	374	393	352	304	220	197	213	207	217	257

Liquidity (USD)

API Chat

	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	0.1	0.21	0.25	0.13	0.2	0.18	0.14	0.15	0.18	0.3	0.06	0.05	0.09	0.05	0.06
Current Ratio	0.64	1	0.65	0.68	1.02	0.96	0.92	1.15	1.16	1.23	0.91	0.94	0.93	0.98	1.04
Quick Ratio	0.56	0.85	0.61	0.62	0.98	0.55	0.53	1.12	1.06	1.13	0.68	0.38	0.35	0.38	0.4
CFO/Avg Current Liab	0.92	0.94	0.74	0.6	0.79	0.87	0.8	0.83	0.72	0.53	0.38	0.27	0.25	0.27	0.43
Common Equity/Total Assets	22.05	30.13	35.76	40.22	43.44	42.64	47.65	42.17	31.63	29.16	17.84	18.26	17.37	18.84	19.59
Long-Term Debt/Equity (%)	216.77	150.73	69.96	60.76	84.28	82.05	65.54	99.53	160.65	169.14	292.76	268.35	258.93	244	213.44
Long-Term Debt/Capital (%)	62.61	60.53	32.04	31.9	43.94	42.77	37.76	48.36	59.37	61.27	73.04	71.49	71.14	72.2	71.16
Long-Term Debt/Total Assets (%)	47.24	46.2	24.54	23.3	34.09	33.09	30.12	39.52	47.19	47.14	54.72	52.7	50.82	53.51	50.74
Total Debt/Equity (%)	245.04	150.73	116.39	85.61	84.42	86.12	69.88	99.61	162.91	171.4	305.3	282.34	275.42	251.97	217.51
Total Debt/Capital (%)	70.78	60.53	53.3	44.94	44.01	44.89	40.26	48.4	60.2	62.09	76.17	75.21	75.67	74.56	72.51
Total Debt/Total Assets (%)	53.41	46.2	40.82	32.83	34.15	34.73	32.11	39.56	47.86	47.77	57.06	55.45	54.06	55.26	51.7
CFO/Total Liabilities	21.67	24.92	25.66	27.39	28.22	24.5	28.35	24.42	20.89	16.37	8.43	7.75	8.01	8.79	12.4
CFO/CapEx	6.63	6.94	6.98	6.93	7.16	6.85	7.13	5.45	4.3	2.95	1.88	1.76	1.97	2.06	2.84
Altman's Z-Score	6.32	7.49	6.93	7.54	8.38	8.03	8.52	6.51	5.43	4.28	3.24	3.22	3	3.53	3.69

Working Capital (USD)

API Chat

	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	13.86	10.87	10	8.3	7.47	9.25	13	8.03	5.96	5.5	5.62	7.95	13.67	14.64	15.31
Days Sales Outstanding	26.33	33.59	36.49	43.98	48.86	39.48	28.09	45.45	61.29	66.32	64.96	45.89	26.7	24.92	23.84
Inventory Turnover	22.58	23.13	21.48	17.73	15.71	16.26	18.02	17.85	18.83	18.26	23.56	23.67	21.82	25.36	28.68
Days Inventory Outstanding	16.16	15.78	17	20.58	23.23	22.45	20.26	20.44	19.39	19.99	15.49	15.42	16.72	14.39	12.72
Accounts Payable Turnover	7.89	8.1	8.3	7.77	7.34	6.85	7.05	7.53	7.36	6.38	6.51	6.77	6.54	6.19	6.13
Accounts Payable Turnover Days	46.26	45.07	43.98	46.96	49.71	53.26	51.77	48.48	49.6	57.22	56.07	53.93	55.84	58.97	59.56
Cash Conversion Cycle	-3.77	4.3	9.5	17.6	22.38	8.66	-3.43	17.41	31.07	29.09	24.39	7.38	-12.41	-19.65	-22.99
Inventory to Cash Days	10.16	17.81	19.49	23.4	25.63	17.03	7.83	25	41.9	46.33	49.47	30.48	9.98	10.53	11.12
Inventories	22	23	29	39	42	40	42	46	40	40	35	52	42	36	34
Raw Materials	8	8	9	9	9	9	10	12	14	10	11	18	17	17	18
Work In Process	8	8	8	9	8	8	8	7	8	8	7	8	- -	- -	- -
Finished Goods	5	7	12	21	25	23	24	28	25	34	22	41	34	31	27
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-8	- -	- -	- -

Enterprise Value (USD)

API Chat

	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	1,157	1,632	2,627	3,096	2,673	3,476	3,685	1,716	2,103	1,226	1,370	734	938	1,001	1,000
- Cash & Cash Equivalents	29	45	121	62	62	77	59	60	74	123	41	40	72	34	37
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Total Debt	742	653	641	554	629	759	709	912	930	880	1,754	1,706	1,665	1,564	1,481
Enterprise Value	1,870	2,239	3,147	3,589	3,240	4,158	4,335	2,568	2,959	1,983	3,084	2,400	2,532	2,531	2,444
Total Capital	1,048	1,078	1,202	1,233	1,429	1,690	1,762	1,884	1,545	1,417	2,303	2,268	2,201	2,098	2,042
Total Debt/Capital (%)	70.78	60.53	53.3	44.94	44.01	44.89	40.26	48.4	60.2	62.09	76.17	75.21	75.67	74.56	72.51
Total Debt / EV	0.4	0.29	0.2	0.15	0.19	0.18	0.16	0.36	0.31	0.44	0.57	0.71	0.66	0.62	0.61
EV/Sales	1.32	1.48	1.99	2.14	1.83	2.25	2.21	1.29	1.47	1.11	1.52	1.07	1.15	1.19	1.15
EV/EBITDA	5.23	5.96	7.93	8.66	7.44	8.93	8.41	5.31	6.88	5.99	8.92	6.23	6.73	6.61	6.18
EV/EBIT	6.59	7.22	9.47	10.3	9.03	11.12	11.04	7.29	9.73	9	15.66	11.28	12.26	11.65	9.5
EV/Cash Flow to Firm	6.99	8.11	10.97	11.59	10.03	12.44	12.24	7.17	9.17	8.92	12.43	9.06	9.01	9.05	6.89
EV/Free Cash Flow to Firm	6.17	7.2	9.7	10.23	8.84	10.92	10.79	6.11	7.6	6.7	8.57	6.42	6.63	6.77	5.43
Diluted Market Cap	1,170	1,647	2,662	3,131	2,716	3,509	3,719	1,807	2,147	1,229	1,374	735	940	1,010	1,016
Diluted Enterprise Value	1,883	2,255	3,181	3,624	3,283	4,191	4,369	2,659	3,003	1,986	3,088	2,401	2,533	2,540	2,460
EV per Share	36.79	44.24	62.51	72.16	66.1	85.66	90.4	57.53	70.25	47.23	72.25	55.54	57.89	57.12	54.56
TTM Sales	1,418	1,515	1,585	1,674	1,773	1,849	1,966	1,998	2,009	1,791	2,022	2,238	2,192	2,122	2,133
TTM EBITDA	357	376	397	414	435	466	515	483	430	331	346	385	376	383	395
TTM Operating Income	284	310	332	349	359	374	393	352	304	220	197	213	207	217	257
TTM Cash Flow to Firm	267	276	287	310	323	334	354	358	323	222	248	265	281	280	355
TTM Free Cash Flow to Firm	303	311	324	351	366	381	402	421	389	296	360	374	382	374	450

Multiples (USD)

API Chat

	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	4.32	5.9	8.9	9.6	7.7	9.59	9.64	4.5	6.08	4.22	4.26	2.45	3.14	3.5	2.78
EV/EBIT	6.59	7.22	9.47	10.3	9.03	11.12	11.04	7.29	9.73	9	15.66	11.28	12.26	11.65	9.5
Enterprise Value	1,870	2,239	3,147	3,589	3,240	4,158	4,335	2,568	2,959	1,983	3,084	2,400	2,532	2,531	2,444
Low Price	17.5	21.4	32.32	44.64	51.61	49.46	66.43	36.7	36.11	18.9	28.59	15.3	13.61	18.48	13.61
EV/Sales	1.32	1.48	1.99	2.14	1.83	2.25	2.21	1.29	1.47	1.11	1.52	1.07	1.15	1.19	1.15
EV/EBITDA	5.23	5.96	7.93	8.66	7.44	8.93	8.41	5.31	6.88	5.99	8.92	6.23	6.73	6.61	6.18
Price/Earnings	8	9.57	14.08	15.5	12.23	15.16	16.01	11.47	- -	233.72	21.88	11.22	35.95	18.96	12.18
Price/Earnings Average	8.35	7.89	11.04	13.79	13.94	13.47	14.83	18.79	-8.54	230.12	27.02	15.77	30.16	17.55	9.88
Price/Earnings High	10.3	9.67	14.21	16.03	15.64	15.54	16.12	23.53	-10.19	403.4	32.97	22.18	36.82	20.87	13.03
Price/Earnings Low	6.15	6.35	8.72	11.11	11.57	10.47	13.84	10.95	-6.8	151.28	19.48	10.11	22.81	15.51	7.43
Price/Book Value	3.78	3.83	4.68	4.56	3.34	3.73	3.5	1.77	3.42	2.28	2.5	1.31	1.75	1.88	1.78
Price/Book Value Average	3.94	3.16	3.67	4.06	3.81	3.32	3.24	2.89	3.11	2.25	3.09	1.84	1.47	1.74	1.45
Price/Book Value High	4.86	3.87	4.73	4.72	4.27	3.83	3.52	3.62	3.71	3.94	3.76	2.58	1.8	2.07	1.91
Price/Book Value Low	2.9	2.54	2.9	3.27	3.16	2.58	3.03	1.69	2.47	1.48	2.22	1.18	1.11	1.54	1.09
Price/Tangible Book Value	-1.83	-3.22	-6.17	-7.23	-5.17	-5.48	-7.37	-2.84	-4.13	-2.81	-1	-0.57	-0.77	-0.88	-0.92
Price/Tangible Book Value Average	-1.91	-2.65	-4.84	-6.44	-5.9	-4.87	-6.82	-4.65	-3.75	-2.77	-1.24	-0.8	-0.65	-0.82	-0.74
Price/Tangible Book Value High	-2.36	-3.25	-6.23	-7.48	-6.62	-5.62	-7.42	-5.82	-4.48	-4.85	-1.51	-1.13	-0.79	-0.97	-0.98
Price/Tangible Book Value Low	-1.41	-2.13	-3.82	-5.19	-4.9	-3.78	-6.37	-2.71	-2.98	-1.82	-0.89	-0.51	-0.49	-0.72	-0.56
Price/Sales	0.82	1.08	1.66	1.85	1.51	1.88	1.87	0.86	1.05	0.68	0.68	0.33	0.43	0.47	0.47
Price/Sales Average	0.85	0.89	1.3	1.65	1.72	1.67	1.74	1.41	0.95	0.67	0.84	0.46	0.36	0.44	0.38
Price/Sales High	1.05	1.09	1.67	1.91	1.93	1.93	1.89	1.76	1.14	1.18	1.02	0.65	0.44	0.52	0.5
Price/Sales Low	0.63	0.71	1.03	1.33	1.43	1.3	1.62	0.82	0.76	0.44	0.6	0.3	0.27	0.39	0.29
Price/Cash Flow	4.91	6.69	10.05	10.86	8.63	10.89	10.89	5.06	7.34	5.63	6.5	3.83	4.73	5.15	3.7
Price/Cash Flow Average	5.13	5.51	7.88	9.66	9.84	9.68	10.09	8.29	6.67	5.55	8.03	5.39	3.97	4.77	3
Price/Cash Flow High	6.33	6.76	10.14	11.24	11.05	11.16	10.96	10.38	7.96	9.72	9.79	7.57	4.84	5.67	3.95
Price/Cash Flow Low	3.78	4.44	6.22	7.79	8.17	7.52	9.41	4.83	5.31	3.65	5.79	3.45	3	4.21	2.25
Price/Free Cash Flow Average	4.51	4.86	6.98	8.54	8.77	8.53	8.93	7.37	5.52	4.16	5.26	3.44	2.64	3.24	2.25
Price/Free Cash Flow High	5.56	5.96	8.99	9.93	9.85	9.83	9.7	9.23	6.59	7.28	6.42	4.84	3.22	3.85	2.97
Price/Free Cash Flow Low	3.32	3.92	5.51	6.88	7.28	6.62	8.33	4.3	4.4	2.73	3.79	2.2	1.99	2.86	1.69
EV/Sales Average	1.36	1.29	1.63	1.94	2.04	2.04	2.07	1.83	1.38	1.1	1.68	1.21	1.09	1.16	1.06
EV/Sales High	1.55	1.49	2	2.21	2.25	2.3	2.22	2.19	1.56	1.6	1.87	1.39	1.17	1.24	1.18
EV/Sales Low	1.13	1.12	1.35	1.62	1.75	1.67	1.95	1.25	1.18	0.87	1.45	1.04	1	1.11	0.96
EV/EBITDA Average	5.38	5.2	6.5	7.84	8.3	8.1	7.89	7.58	6.44	5.93	9.85	7	6.33	6.42	5.7
EV/EBITDA High	6.16	6	7.99	8.92	9.16	9.12	8.46	9.05	7.29	8.68	10.93	8.09	6.79	6.88	6.36
EV/EBITDA Low	4.49	4.5	5.41	6.55	7.11	6.62	7.44	5.15	5.53	4.68	8.49	6.04	5.82	6.14	5.2
EV/EBIT Average	6.77	6.3	7.76	9.32	10.07	10.09	10.35	10.4	9.1	8.92	17.3	12.68	11.52	11.31	8.76
EV/EBIT High	7.76	7.28	9.54	10.6	11.11	11.35	11.1	12.41	10.32	13.04	19.19	14.66	12.37	12.11	9.76
EV/EBIT Low	5.64	5.45	6.46	7.78	8.63	8.24	9.77	7.07	7.82	7.04	14.9	10.94	10.6	10.81	7.98
Last Price	22.76	32.24	52.19	62.25	54.54	71.61	76.84	38.44	49.92	29.2	32.11	16.98	21.45	22.59	22.33
High Price	29.3	32.58	52.69	64.4	69.77	73.42	77.36	78.87	54.15	50.4	48.38	33.57	21.97	24.87	23.87
Enterprise Value Average	1,921	1,952	2,581	3,248	3,613	3,773	4,063	3,664	2,768	1,964	3,406	2,697	2,381	2,457	2,255
Enterprise Value High	2,202	2,256	3,172	3,696	3,987	4,246	4,360	4,373	3,137	2,872	3,778	3,116	2,555	2,632	2,513
Enterprise Value Low	1,602	1,690	2,147	2,713	3,096	3,083	3,836	2,491	2,378	1,550	2,933	2,327	2,189	2,349	2,054

	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	51	51	50	50	49	49	48	45	42	42	43	43	44	44	45
Diluted Weighted Avg Shares	51	51	51	50	50	49	48	47	43	42	43	43	44	45	46
Basic Weighted Avg Shares	51	51	50	50	49	49	48	45	42	42	43	43	44	44	45
Revenue per Share	27.89	29.93	31.48	33.66	36.17	38.09	40.99	44.75	47.68	42.67	47.38	51.8	50.12	47.88	47.62
EBITDA per Share	7.03	7.42	7.88	8.33	8.88	9.59	10.75	10.83	10.21	7.89	8.1	8.92	8.6	8.64	8.82
Operating Income per Share	5.59	6.13	6.6	7.01	7.32	7.7	8.19	7.89	7.22	5.25	4.61	4.92	4.72	4.9	5.75
Basic EPS, GAAP	2.84	3.37	3.71	4.02	4.46	4.73	4.8	3.35	-5.31	0.12	1.47	1.51	0.6	1.19	1.83
Basic EPS from Cont Ops	2.84	3.37	3.71	4.02	4.46	4.73	4.8	3.35	-5.31	0.13	1.47	1.52	0.6	1.19	1.83
Diluted EPS, GAAP	2.81	3.34	3.66	3.97	4.39	4.68	4.76	3.18	-5.2	0.12	1.46	1.51	0.6	1.18	1.8
Diluted EPS from Cont Ops	2.81	3.34	3.66	3.97	4.39	4.68	4.76	3.18	-5.2	0.13	1.47	1.51	0.6	1.18	1.81
Dividend per Share	1.01	1.01	1.01	1.16	1.22	1.21	1.21	1.27	1.23	1.21	1.21	1.22	1.22	1.22	1.23
Cash Flow per Share	4.63	4.82	5.19	5.73	6.32	6.58	7.06	7.6	6.8	5.18	4.94	4.43	4.54	4.38	6.04
Free Cash Flow per Basic Share	3.93	4.13	4.45	4.9	5.43	5.62	6.07	6.21	5.22	3.43	2.32	1.91	2.23	2.26	3.91
Cash & Equivalents per Share	0.56	0.9	2.41	1.24	1.27	1.58	1.24	1.34	1.75	2.93	0.97	0.94	1.65	0.78	0.82
Book Value per Share	6.03	8.41	11.15	13.65	16.33	19.18	21.95	21.77	14.59	12.8	12.85	13	12.23	12.04	12.52
Tangible Book Value per Share	-12.43	-10.03	-8.46	-8.61	-10.54	-13.08	-10.43	-13.55	-12.1	-10.4	-32.01	-29.77	-27.84	-25.56	-24.34

Deluxe Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)