Enterprise Financial Services Corp Financial Ratios — EFSC

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 (%)	86.48	58.49	46.64	27.99	30.72	30.13	23.62	33.64	27.04	18.63	29.22	36.48	28.24	22.3	20.81
Return on Assets (%)	0.82	0.84	1.02	0.84	1.12	1.27	1.03	1.63	1.43	0.87	1.14	1.53	1.41	1.23	1.22
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 (%)	2.85	2.91	3.26	2.61	2.21	2.04	2.82	2.65	4.04	3.8	3.55	2.84	2.1	1.9	1.85
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	29.14	28.29	34.78	30.63	41.39	45.48	41.37	45.98	41.59	29.42	42.31	52.68	45.55	43.51	46.03
Profit Margin (%)	19.38	18.69	22.99	20.28	27.25	29.68	23.04	39.23	33.24	23.8	33.38	41.23	35.86	34.86	32.67
Net Income to Common Margin (%)	18.04	17.71	22.99	20.28	27.25	29.68	23.04	39.23	33.24	23.8	33.38	40.41	35.16	34.15	32.06
Effective Tax Rate (%)	33.49	33.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	15.11	14.85	11.92	15.37	13.68	16.81	21.27	12.16	17.87	26.61	19.66	16.89	19.64	21.79	22.82
Sustainable Growth Rate (%)	73.41	49.8	41.08	23.69	26.52	25.07	18.6	29.55	22.21	13.67	23.48	30.32	22.69	17.44	16.06

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	342	410	327	210	167	383	291	190	398	284	228	309	204	193	189
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	342	410	327	210	167	383	291	190	398	284	228	309	204	193	189
Total Debt/EBITDA	91.44	93.05	69.73	60.23	53.62	114.12	49.38	31.51	35.34	23.91	16.1	22.05	17.96	19.13	16.5
Net Debt/EBITDA	40.72	66.43	23.7	29.88	23.06	54.65	23.11	-1.3	20.42	-21.93	-127.2	0.8	-20.32	-56.34	-42.72
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.04	1.7	2.7	3.31	3.93	4.47	4.27	5.4	5.2	4.28	3.64	4.58	5.17	5.63	5.9
Long-Term Debt/Equity (%)	142.6	173.98	116.88	66.51	47.55	98.82	53.02	31.49	45.89	26.29	14.89	20.28	11.87	10.57	9.25
Long-Term Debt/Capital (%)	83.28	87.91	79.25	65.95	54.06	67.71	56.32	38.42	51.09	40.45	28.73	31.55	19.86	16.87	14.72
Long-Term Debt/Total Assets (%)	10.11	12.33	10.31	6.42	4.62	9.37	5.5	3.37	5.43	2.91	1.68	2.37	1.4	1.24	1.09
Total Debt/Equity (%)	142.6	173.98	116.88	66.51	47.55	98.82	53.02	31.49	45.89	26.29	14.89	20.28	11.87	10.57	9.25
Total Debt/Capital (%)	83.28	87.91	79.25	65.95	54.06	67.71	56.32	38.42	51.09	40.45	28.73	31.55	19.86	16.87	14.72
Total Debt/Total Assets (%)	10.11	12.33	10.31	6.42	4.62	9.37	5.5	3.37	5.43	2.91	1.68	2.37	1.4	1.24	1.09
Net Debt to Equity	63.5	124.22	39.73	33	20.45	47.32	24.81	-1.3	26.53	-24.11	-117.69	0.73	-13.43	-31.12	-23.95
Net Debt/Capital (%)	68.93	83.85	56.49	49.01	33.6	50.11	37.63	-2.65	37.64	-165.32	145.77	1.64	-38.95	-148.43	-80.75
EBITDA	4	4	5	3	3	3	6	6	11	12	14	14	11	10	11
EBITDA-CapEx	3	- -	3	2	1	1	3	3	5	10	12	12	5	3	-1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.04	1.7	2.7	3.31	3.93	4.47	4.27	5.4	5.2	4.28	3.64	4.58	5.17	5.63	5.9
Long-Term Debt/Equity (%)	142.6	173.98	116.88	66.51	47.55	98.82	53.02	31.49	45.89	26.29	14.89	20.28	11.87	10.57	9.25
Long-Term Debt/Capital (%)	83.28	87.91	79.25	65.95	54.06	67.71	56.32	38.42	51.09	40.45	28.73	31.55	19.86	16.87	14.72
Long-Term Debt/Total Assets (%)	10.11	12.33	10.31	6.42	4.62	9.37	5.5	3.37	5.43	2.91	1.68	2.37	1.4	1.24	1.09
Total Debt/Equity (%)	142.6	173.98	116.88	66.51	47.55	98.82	53.02	31.49	45.89	26.29	14.89	20.28	11.87	10.57	9.25
Total Debt/Capital (%)	83.28	87.91	79.25	65.95	54.06	67.71	56.32	38.42	51.09	40.45	28.73	31.55	19.86	16.87	14.72
Total Debt/Total Assets (%)	10.11	12.33	10.31	6.42	4.62	9.37	5.5	3.37	5.43	2.91	1.68	2.37	1.4	1.24	1.09
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	29.81	7.99	21.9	16.57	22.35	33.06	17.99	35.85	14.59	59.99	64.23	112.25	40.91	33.1	16.15
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	15.75	17.11	18.23	17.56	17.25	16.86	16.61	15.09	34.72	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	23.17	21.33	20.02	20.78	21.16	21.64	21.98	24.18	10.51	- -	- -	- -	- -	- -	- -
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)

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	247	233	380	388	568	861	1,036	870	1,256	942	1,623	1,831	1,669	2,106	1,998
- Cash & Cash Equivalents	190	117	216	106	95	199	155	198	168	544	2,027	298	434	760	677
+ Preferred Equity and Hybrid Capital	33	- -	- -	- -	- -	- -	- -	- -	- -	- -	72	72	72	72	72
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	342	410	327	210	167	383	291	190	398	284	228	309	204	193	189
Enterprise Value	-161	-115	56	93	188	583	531	141	351	-231	-1,470	379	-107	-251	1,328
Total Capital	410	467	412	319	309	565	516	495	779	701	793	979	1,025	1,143	1,282
Total Debt/Capital (%)	83.28	87.91	79.25	65.95	54.06	67.71	56.32	38.42	51.09	40.45	28.73	31.55	19.86	16.87	14.72
Total Debt / EV	-2.12	-3.58	5.81	2.27	0.89	0.66	0.55	1.35	1.14	-1.23	-0.15	0.82	-1.9	-0.77	0.14
EV/Sales	- -	- -	0.39	0.69	1.33	3.54	2.54	0.62	1.26	- -	- -	0.77	- -	2.81	2.15
EV/EBITDA	- -	- -	12.01	26.55	60.34	173.94	90.12	23.28	31.13	- -	- -	27.04	- -	148.49	116.14
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	1.92	2.94	3.98	7.07	11.59	1.29	3.79	- -	- -	1.75	- -	6.05	6.86
EV/Free Cash Flow to Firm	- -	- -	1.84	2.78	3.81	6.86	10.98	1.26	3.55	- -	- -	1.73	- -	5.87	6.46
Diluted Market Cap	269	239	391	397	577	871	1,051	877	1,261	942	1,623	1,835	1,676	2,120	2,011
Diluted Enterprise Value	454	532	502	501	648	1,055	1,187	869	1,491	682	-104	1,918	1,518	1,624	1,595
EV per Share	- -	- -	3.03	4.71	9.37	29.13	23.13	6.08	13.46	- -	- -	10.13	- -	40.05	35.88
TTM Sales	131	151	144	134	141	165	209	227	279	312	399	492	541	531	616
TTM EBITDA	4	4	5	3	3	3	6	6	11	12	14	14	11	10	11
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	27	37	29	31	47	83	46	109	92	136	161	217	268	247	194
TTM Free Cash Flow to Firm	28	42	31	33	49	85	48	112	99	138	163	219	275	255	206

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	9.58	5.7	12.75	11.89	11.7	10.25	21.75	7.84	12.77	6.84	9.95	8.39	6.1	8.32	9.79
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-161	-115	56	93	188	583	531	141	351	-231	-1,470	379	-107	-251	1,328
Low Price	10.52	9.94	12.97	16.38	18.8	25.01	36.65	36.09	36.93	21.7	33.28	39.64	32.97	37.28	45.22
EV/Sales	- -	- -	0.39	0.69	1.33	3.54	2.54	0.62	1.26	- -	- -	0.77	- -	2.81	2.15
EV/EBITDA	- -	- -	12.01	26.55	60.34	173.94	90.12	23.28	31.13	- -	- -	27.04	- -	148.49	116.14
Price/Earnings	10.43	8.68	11.47	14.3	14.77	17.62	21.5	9.75	13.54	12.66	12.2	9.2	8.77	11.6	10.11
Price/Earnings Average	9.61	8.22	9.1	13.32	12.2	12.38	19.92	12.98	11.9	11.9	11.9	8.87	8.42	9.53	10.43
Price/Earnings High	11.59	10.36	11.78	15.17	16.01	17.89	22.02	15.06	13.67	17.68	13.47	10.21	11.07	12.99	11.72
Price/Earnings Low	7.41	6.6	7.29	11.87	9.79	10.25	17.45	9.35	10.37	7.86	8.62	7.45	6.48	7.67	8.47
Price/Book Value	7	4.13	4.44	3.58	4	4.72	4.59	2.85	3.3	2.26	3.29	3.06	2.23	2.4	1.96
Price/Book Value Average	6.45	3.91	3.52	3.33	3.31	3.31	4.26	3.8	2.9	2.12	3.21	2.95	2.14	1.97	2.02
Price/Book Value High	7.78	4.92	4.56	3.8	4.34	4.79	4.7	4.41	3.33	3.15	3.64	3.4	2.81	2.69	2.27
Price/Book Value Low	4.98	3.14	2.82	2.97	2.66	2.74	3.73	2.74	2.52	1.4	2.33	2.48	1.64	1.59	1.64
Price/Tangible Book Value	1.48	1.18	1.56	1.38	1.79	2.43	2.47	1.82	1.99	1.18	1.52	1.71	1.32	1.53	1.31
Price/Tangible Book Value Average	1.36	1.11	1.24	1.28	1.48	1.7	2.28	2.42	1.75	1.11	1.48	1.65	1.26	1.26	1.35
Price/Tangible Book Value High	1.65	1.4	1.6	1.46	1.94	2.46	2.53	2.81	2.01	1.65	1.68	1.9	1.66	1.71	1.51
Price/Tangible Book Value Low	1.05	0.89	0.99	1.14	1.19	1.41	2	1.75	1.53	0.74	1.07	1.39	0.97	1.01	1.09
Price/Sales	1.88	1.54	2.64	2.9	4.02	5.23	4.95	3.82	4.5	3.01	4.07	3.72	3.08	3.96	3.24
Price/Sales Average	1.73	1.46	2.09	2.7	3.32	3.67	4.59	5.09	3.96	2.83	3.97	3.58	2.96	3.26	3.34
Price/Sales High	2.09	1.83	2.71	3.08	4.36	5.31	5.08	5.91	4.54	4.21	4.5	4.13	3.89	4.44	3.76
Price/Sales Low	1.34	1.17	1.68	2.41	2.67	3.04	4.02	3.67	3.45	1.87	2.88	3.01	2.28	2.62	2.72
Price/Cash Flow	9.1	6.23	12.96	12.34	12.03	10.43	22.63	7.99	13.58	6.95	10.11	8.45	6.22	8.51	10.33
Price/Cash Flow Average	8.38	5.9	10.28	11.49	9.94	7.33	20.97	10.64	11.94	6.53	9.86	8.15	5.97	6.99	10.65
Price/Cash Flow High	10.12	7.43	13.3	13.09	13.04	10.59	23.18	12.35	13.71	9.71	11.16	9.38	7.85	9.53	11.97
Price/Cash Flow Low	6.47	4.73	8.23	10.24	7.98	6.07	18.37	7.67	10.41	4.32	7.14	6.84	4.6	5.63	8.65
Price/Free Cash Flow Average	8.82	5.39	10.12	11.08	9.66	7.2	20.15	10.43	11.22	6.42	9.71	8.09	5.85	6.83	10.09
Price/Free Cash Flow High	10.64	6.8	13.09	12.62	12.68	10.4	22.28	12.11	12.88	9.55	10.99	9.31	7.7	9.31	11.34
Price/Free Cash Flow Low	6.81	4.33	8.1	9.87	7.76	5.96	17.65	7.52	9.78	4.24	7.03	6.8	4.5	5.5	8.19
EV/Sales Average	3.15	3.39	2.86	3.48	3.83	4.79	5.24	5.06	4.78	2	- -	3.75	2.67	2.32	2.67
EV/Sales High	3.51	3.77	3.48	3.85	4.87	6.42	5.73	5.88	5.37	3.38	0.16	4.29	3.6	3.5	3.08
EV/Sales Low	2.75	3.1	2.45	3.19	3.18	4.16	4.67	3.63	4.27	1.04	- -	3.18	1.99	1.69	2.04
EV/EBITDA Average	110.5	116.42	87.98	133.5	173.81	234.99	186.11	190.53	118.45	52.68	-10.2	131.94	127.28	122.53	143.88
EV/EBITDA High	123.09	129.43	106.85	147.9	220.87	315.29	203.3	221.4	132.96	88.96	4.58	150.98	171.84	184.86	166.21
EV/EBITDA Low	96.61	106.58	75.16	122.25	144.08	203.99	165.9	136.92	105.85	27.37	-41.02	111.8	94.74	89.02	109.96
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	14.8	13.07	20.42	19.73	28.35	43	45.15	37.63	48.21	34.95	47.09	48.96	44.65	56.4	54
High Price	16.45	15.6	20.96	20.93	30.73	43.65	46.25	58.15	48.65	48.81	52	54.31	56.35	63.13	62.6
Enterprise Value Average	413	513	412	466	541	788	1,096	1,150	1,334	625	-144	1,848	1,443	1,234	1,645
Enterprise Value High	460	571	501	516	687	1,057	1,197	1,336	1,497	1,055	65	2,115	1,948	1,862	1,900
Enterprise Value Low	361	470	352	427	448	684	977	826	1,192	325	-580	1,566	1,074	897	1,257

	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	18	18	19	20	20	20	23	23	27	31	38	37	37	37	37
Diluted Weighted Avg Shares	18	18	19	20	20	20	23	23	26	27	34	37	38	38	37
Basic Weighted Avg Shares	17	18	19	20	20	20	23	23	26	27	34	37	37	37	37
Revenue per Share	7.86	8.5	7.74	6.81	7.05	8.22	9.11	9.84	10.71	11.59	11.56	13.17	14.47	14.23	16.66
EBITDA per Share	0.22	0.25	0.25	0.18	0.16	0.17	0.26	0.26	0.43	0.44	0.41	0.37	0.3	0.27	0.31
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.42	1.51	1.78	1.38	1.92	2.44	2.1	3.86	3.56	2.76	3.86	5.32	5.09	4.86	5.34
Basic EPS from Cont Ops	1.52	1.59	1.78	1.38	1.92	2.44	2.1	3.86	3.56	2.76	3.86	5.43	5.19	4.96	5.44
Diluted EPS, GAAP	1.3	1.46	1.73	1.35	1.89	2.41	2.07	3.83	3.55	2.76	3.86	5.31	5.07	4.83	5.31
Diluted EPS from Cont Ops	1.4	1.54	1.73	1.35	1.89	2.41	2.07	3.83	3.55	2.76	3.86	5.42	5.17	4.93	5.41
Dividend per Share	0.32	0.31	0.21	0.21	0.26	0.41	0.45	0.47	0.64	0.73	0.76	1.01	1.1	1.16	1.32
Cash Flow per Share	1.63	2.1	1.58	1.6	2.36	4.12	2	4.71	3.55	5.03	4.66	5.79	7.17	6.62	5.23
Free Cash Flow per Basic Share	1.57	1.84	1.5	1.5	2.25	4	1.88	4.58	3.31	4.94	4.59	5.74	7	6.42	4.91
Cash & Equivalents per Share	46.92	42.55	34.97	25.7	27.31	32.98	34.69	39.78	50.03	54.03	98.44	49.01	54.89	70.22	25.16
Book Value per Share	2.11	3.17	4.6	5.51	7.08	9.11	9.83	13.19	14.63	15.49	14.3	15.99	20.06	23.51	27.59
Tangible Book Value per Share	9.99	11.12	13.12	14.31	15.85	17.72	18.31	20.68	24.21	29.51	31.03	28.56	33.88	36.91	41.32

Enterprise Financial Services Corp

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)