Fidelity D & D Bancorp, Inc. Financial Ratios — FDBC 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 (%)	11.97	8.64	11.53	9.46	9.89	10.03	10.58	12.21	11.7	9.99	13	13.43	7.57	8.23	10.46
Return on Assets (%)	0.86	0.81	1.16	0.98	1.01	1.01	1.05	1.19	1.16	0.96	1.17	1.25	0.75	0.82	1.06
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 (%)	12.59	13.08	11.06	10.94	11.94	10.27	8.77	7.76	8.04	8.19	7.12	6.01	7.84	7.09	6.01
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	25.99	24.34	32.49	29.7	29.88	32.55	27.95	33.65	33.85	27.59	36.79	40.54	27.84	29.87	36.25
Profit Margin (%)	19.6	18.47	23.71	22.15	23.79	23.94	24.56	28.2	28.19	23.53	31.54	34.31	25.02	26.02	30.84
Net Income to Common Margin (%)	19.6	18.47	23.71	22.15	23.79	23.94	24.56	28.2	28.19	23.53	31.54	34.31	25.02	26.02	30.84
Effective Tax Rate (%)	24.59	24.13	27.01	25.43	20.38	26.47	12.15	16.21	16.73	14.71	14.28	15.36	10.1	12.89	14.92
Dvd Payout Ratio (%)	29.3	30.46	22.41	32.87	40.04	39.79	33.89	30.86	34.87	41.26	27.52	25.68	37.07	42.56	33.35
Sustainable Growth Rate (%)	8.46	6.01	8.95	6.35	5.93	6.04	6.99	8.44	7.62	5.87	9.42	9.98	4.76	4.73	6.97

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	31	24	18	10	22	- -	29	108	60	13	22	31	134	17	17
ST Debt	10	8	2	- -	22	- -	7	76	38	- -	- -	13	117	- -	- -
LT Debt	21	16	16	10	- -	- -	21	32	22	13	22	18	17	17	17
Total Debt/EBITDA	9.41	6.93	5.56	3.19	6.25	- -	9.21	35.79	18.08	2.85	3.98	5.9	23.52	3	3.07
Net Debt/EBITDA	-6.68	0.64	1.58	-5.05	2.81	-7.83	4.12	29.91	11.26	-14.18	-15.91	-1.62	2.18	-13.6	-25.85
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.02	9.76	10.39	10.27	10.17	9.99	9.91	9.65	10.22	9.28	8.74	9.9	9.83	10.04	10.17
Long-Term Debt/Equity (%)	39.16	27.14	24.22	13.85	- -	- -	24.27	34.25	20.44	7.76	10.19	11.1	9.04	8.33	7.04
Long-Term Debt/Capital (%)	24.64	19.33	19.21	12.58	- -	- -	18.56	15.78	13.41	7.58	9.25	6.79	4.5	6.14	5.67
Long-Term Debt/Total Assets (%)	3.46	2.66	2.56	1.48	- -	- -	2.46	3.27	2.16	0.76	0.89	0.76	0.68	0.66	0.61
Total Debt/Equity (%)	56.89	40.81	27.96	13.85	29.19	- -	32.8	115.87	55.86	7.76	10.19	19.04	70.78	8.33	7.06
Total Debt/Capital (%)	35.79	29.07	22.18	12.58	23.11	- -	25.09	53.39	36.63	7.58	9.25	11.65	35.29	6.14	5.69
Total Debt/Total Assets (%)	5.03	4	2.96	1.48	3.06	- -	3.32	11.05	5.91	0.76	0.89	1.3	5.36	0.66	0.61
Net Debt to Equity	-40.39	3.75	7.95	-21.95	13.11	-32.05	14.69	96.82	34.8	-38.61	-40.74	-5.24	6.56	-37.79	-59.47
Net Debt/Capital (%)	-65.48	3.63	7.5	-29.56	11.89	-48.39	13.04	48.81	25.25	-63.52	-63.31	-3.6	4.63	-39.9	-95.74
EBITDA	3	3	3	3	4	3	3	3	3	5	5	5	6	6	5
EBITDA-CapEx	3	1	2	- -	2	2	2	-1	-1	3	3	- -	-1	1	-12
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	9.02	9.76	10.39	10.27	10.17	9.99	9.91	9.65	10.22	9.28	8.74	9.9	9.83	10.04	10.17
Long-Term Debt/Equity (%)	39.16	27.14	24.22	13.85	- -	- -	24.27	34.25	20.44	7.76	10.19	11.1	9.04	8.33	7.04
Long-Term Debt/Capital (%)	24.64	19.33	19.21	12.58	- -	- -	18.56	15.78	13.41	7.58	9.25	6.79	4.5	6.14	5.67
Long-Term Debt/Total Assets (%)	3.46	2.66	2.56	1.48	- -	- -	2.46	3.27	2.16	0.76	0.89	0.76	0.68	0.66	0.61
Total Debt/Equity (%)	56.89	40.81	27.96	13.85	29.19	- -	32.8	115.87	55.86	7.76	10.19	19.04	70.78	8.33	7.06
Total Debt/Capital (%)	35.79	29.07	22.18	12.58	23.11	- -	25.09	53.39	36.63	7.58	9.25	11.65	35.29	6.14	5.69
Total Debt/Total Assets (%)	5.03	4	2.96	1.48	3.06	- -	3.32	11.05	5.91	0.76	0.89	1.3	5.36	0.66	0.61
CFO/Total Liabilities	2.73	0.84	4.13	1.31	2.41	2.23	1.79	1.54	2.86	0.02	0.33	2.23	1.28	1.24	1.69
CFO/CapEx	36.08	2.3	22.22	2.66	9.85	10.74	15.08	3.82	6.25	0.21	2.86	8.96	4.27	6.34	2.42
Altman's Z-Score	0.17	0.18	0.21	0.21	0.21	0.21	0.25	0.3	0.3	0.21	0.17	0.18	0.19	0.18	0.18

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	11.95	13.05	14.82	13.81	13.9	14.42	14.11	12.89	12.54	12.32	11.5	10.93	8.28	8.54	9.47
Days Sales Outstanding	30.56	27.96	24.63	26.44	26.26	25.3	25.87	28.32	29.12	29.63	31.73	33.4	44.09	42.76	38.54
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	46	48	63	80	84	88	153	241	235	295	314	266	329	280	251
- Cash & Cash Equivalents	52	22	13	26	12	26	16	17	16	69	97	29	112	83	148
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	31	24	18	10	22	- -	29	108	60	13	22	31	134	17	17
Enterprise Value	-84	-51	-29	-34	-31	-67	9	149	94	-153	-500	-153	7	-118	-56
Total Capital	85	83	83	79	96	79	114	203	163	171	233	266	380	277	296
Total Debt/Capital (%)	35.79	29.07	22.18	12.58	23.11	- -	25.09	53.39	36.63	7.58	9.25	11.65	35.29	6.14	5.69
Total Debt / EV	-0.36	-0.48	-0.65	-0.29	-0.72	- -	3.32	0.73	0.63	-0.08	-0.04	-0.2	18.29	-0.14	-0.3
EV/Sales	- -	- -	- -	- -	- -	- -	0.24	3.82	2.29	- -	- -	- -	0.1	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	2.77	49.25	28.55	- -	- -	- -	1.29	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.62	10.93	3.65	- -	- -	- -	0.25	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.58	8.66	3.15	- -	- -	- -	0.2	- -	- -
Diluted Market Cap	46	48	63	80	85	89	154	244	238	297	316	268	331	282	252
Diluted Enterprise Value	24	50	69	64	95	63	167	334	282	241	241	269	353	216	121
EV per Share	- -	- -	- -	- -	- -	- -	2.33	39.72	24.91	- -	- -	- -	1.29	- -	- -
TTM Sales	26	27	30	29	30	32	35	39	41	55	76	87	73	80	91
TTM EBITDA	3	3	3	3	4	3	3	3	3	5	5	5	6	6	5
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	15	5	23	8	16	16	14	14	26	- -	7	49	30	30	42
TTM Free Cash Flow to Firm	15	7	24	11	17	17	15	17	30	2	10	55	37	34	60

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	2.96	7.3	2.63	7.36	4.88	5.12	10.43	14.14	7.95	176.45	32.53	4.87	9.04	8.24	4.21
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-84	-51	-29	-34	-31	-67	9	149	94	-153	-500	-153	7	-118	-56
Low Price	10.67	13.33	13.41	17.21	21.33	20.67	24.07	44.1	53.25	30.5	43.69	34.2	35.51	41.1	37
EV/Sales	- -	- -	- -	- -	- -	- -	0.24	3.82	2.29	- -	- -	- -	0.1	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	2.77	49.25	28.55	- -	- -	- -	1.29	- -	- -
Price/Earnings	9.1	9.72	8.9	12.55	11.86	11.5	17.57	21.9	20.33	22.66	13.08	8.86	18.08	13.44	8.9
Price/Earnings Average	8.32	10.06	8.16	10.91	11.62	10.51	13.44	19.39	20.24	17.56	12.16	8.22	14.73	13.57	8.87
Price/Earnings High	9.54	12.44	10.07	13.69	13.14	12.02	19.14	25.6	22.88	24.99	15.4	10.9	18.96	16.86	10.22
Price/Earnings Low	7.02	9.48	6.75	9.82	10.99	9.87	10.24	15.05	17.4	10.74	9.69	6.43	11.06	11.32	7.56
Price/Book Value	0.84	0.81	0.98	1.15	1.14	1.12	1.79	2.55	2.28	1.87	1.48	1.13	1.34	1.08	0.9
Price/Book Value Average	0.77	0.84	0.9	1	1.11	1.02	1.37	2.25	2.27	1.45	1.38	1.05	1.09	1.09	0.89
Price/Book Value High	0.88	1.04	1.11	1.25	1.26	1.17	1.95	2.98	2.57	2.07	1.75	1.39	1.4	1.35	1.03
Price/Book Value Low	0.65	0.79	0.74	0.9	1.05	0.96	1.04	1.75	1.95	0.89	1.1	0.82	0.82	0.91	0.76
Price/Tangible Book Value	0.86	0.81	0.96	1.1	1.1	1.1	1.76	2.58	2.21	1.87	1.65	1.88	1.95	1.52	1.15
Price/Tangible Book Value Average	0.78	0.84	0.88	0.96	1.08	1	1.34	2.29	2.2	1.45	1.54	1.74	1.59	1.54	1.14
Price/Tangible Book Value High	0.9	1.03	1.09	1.2	1.22	1.15	1.91	3.02	2.48	2.06	1.94	2.31	2.05	1.91	1.32
Price/Tangible Book Value Low	0.66	0.79	0.73	0.86	1.02	0.94	1.02	1.77	1.89	0.89	1.22	1.36	1.19	1.28	0.98
Price/Sales	1.78	1.79	2.11	2.78	2.82	2.75	4.32	6.18	5.73	5.33	4.13	3.04	4.52	3.5	2.74
Price/Sales Average	1.63	1.86	1.94	2.42	2.76	2.52	3.3	5.47	5.71	4.13	3.84	2.82	3.69	3.53	2.73
Price/Sales High	1.87	2.3	2.39	3.03	3.13	2.88	4.7	7.22	6.45	5.88	4.86	3.74	4.74	4.39	3.15
Price/Sales Low	1.38	1.75	1.6	2.17	2.62	2.36	2.52	4.24	4.91	2.53	3.05	2.21	2.77	2.95	2.33
Price/Cash Flow	3.05	10.48	2.75	10.09	5.36	5.58	11.03	17.66	9.13	997.97	43.63	5.38	11.09	9.46	5.92
Price/Cash Flow Average	2.78	10.85	2.52	8.78	5.25	5.1	8.43	15.64	9.09	773.13	40.56	4.99	9.03	9.55	5.9
Price/Cash Flow High	3.19	13.42	3.11	11.01	5.94	5.83	12.02	20.64	10.27	1,100.46	51.35	6.62	11.63	11.86	6.8
Price/Cash Flow Low	2.35	10.22	2.09	7.89	4.97	4.79	6.43	12.14	7.81	472.93	32.31	3.9	6.78	7.96	5.03
Price/Free Cash Flow Average	2.71	7.56	2.41	6.4	4.78	4.68	7.98	12.52	7.91	136.7	30.25	4.52	7.36	8.32	4.2
Price/Free Cash Flow High	3.11	9.35	2.98	8.03	5.41	5.35	11.37	16.53	8.94	194.57	38.29	5.99	9.48	10.33	4.84
Price/Free Cash Flow Low	2.29	7.12	2	5.76	4.52	4.4	6.08	9.72	6.8	83.62	24.09	3.53	5.53	6.94	3.58
EV/Sales Average	0.79	1.94	2.11	1.86	3.1	1.71	3.66	7.8	6.78	3.11	2.85	2.84	3.99	2.7	1.3
EV/Sales High	1.03	2.38	2.56	2.48	3.46	2.07	5.06	9.55	7.52	4.86	3.87	3.76	5.05	3.56	1.72
EV/Sales Low	0.53	1.83	1.78	1.62	2.95	1.56	2.88	6.57	5.98	1.51	2.07	2.23	3.07	2.12	0.9
EV/EBITDA Average	6.27	14.84	19.07	17.05	25.95	16.67	41.75	100.48	84.32	37.99	39.96	47.35	50.92	38.09	21.63
EV/EBITDA High	8.17	18.2	23.17	22.66	28.99	20.19	57.73	123.03	93.56	59.34	54.29	62.65	64.42	50.15	28.58
EV/EBITDA Low	4.25	14.01	16.06	14.82	24.71	15.18	32.8	84.71	74.36	18.41	29	37.09	39.21	29.83	14.94
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	13.83	13.67	17.67	22	23	24.07	41.3	64.18	62.21	64.36	59	47.14	58.03	48.8	43.53
High Price	14.5	17.5	20	24	25.5	25.17	44.99	75	70	70.97	69.45	58	60.85	61.21	50
Enterprise Value Average	20	52	63	53	93	55	130	304	278	172	217	249	290	216	119
Enterprise Value High	26	63	77	71	103	67	180	373	309	269	294	329	367	284	157
Enterprise Value Low	14	49	53	46	88	50	102	257	245	84	157	195	224	169	82

	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	3	3	4	4	4	4	4	4	4	5	6	6	6	6	6
Diluted Weighted Avg Shares	3	3	4	4	4	4	4	4	4	5	5	6	6	6	6
Basic Weighted Avg Shares	3	3	4	4	4	4	4	4	4	5	5	6	6	6	6
Revenue per Share	7.75	7.62	8.37	7.92	8.15	8.75	9.57	10.39	10.86	12.07	14.3	15.5	12.83	13.95	15.86
EBITDA per Share	0.98	1	0.93	0.87	0.97	0.9	0.84	0.81	0.87	0.99	1.02	0.93	1.01	0.99	0.95
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.52	1.41	1.99	1.75	1.94	2.09	2.35	2.93	3.06	2.84	4.51	5.32	3.21	3.63	4.89
Basic EPS from Cont Ops	1.52	1.41	1.99	1.75	1.94	2.09	2.35	2.93	3.06	2.84	4.51	5.32	3.21	3.63	4.89
Diluted EPS, GAAP	1.52	1.41	1.99	1.75	1.93	2.09	2.33	2.9	3.03	2.82	4.48	5.29	3.19	3.6	4.86
Diluted EPS from Cont Ops	1.52	1.41	1.99	1.75	1.93	2.09	2.33	2.9	3.03	2.82	4.48	5.29	3.19	3.6	4.86
Dividend per Share	0.45	0.43	0.44	0.58	0.78	0.83	0.8	0.9	1.07	1.17	1.24	1.37	1.19	1.54	1.63
Cash Flow per Share	4.54	1.3	6.43	2.18	4.29	4.32	3.74	3.63	6.82	0.06	1.35	8.76	5.23	5.16	7.35
Free Cash Flow per Basic Share	4.42	0.74	6.14	1.36	3.86	3.91	3.5	2.68	5.73	-0.24	0.88	7.78	4.01	4.35	4.31
Cash & Equivalents per Share	48.28	35.09	30.79	34.16	37.56	42.42	46.7	53.32	53.07	100.61	157.02	79.74	80.38	72.41	56.17
Book Value per Share	16.48	16.85	18.07	19.18	20.26	21.56	23.07	25.2	27.29	34.36	39.74	41.71	43.35	45.31	48.5
Tangible Book Value per Share	16.15	16.91	18.41	19.93	20.85	21.94	23.5	24.85	28.19	34.4	35.72	25.13	29.73	32.03	37.93

Fidelity D & D Bancorp, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)