Fentura Financial, Inc. Financial Ratios — FETM Stock

Profitability (USD)

	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Return on Common Equity (%)	- -	-28.74	-13.08	8.25	41.68	12.75	15.48	10.64	15.77	13.58	12.16	14.34	13.8	11.41	10.26
Return on Assets (%)	-3.09	-1.13	-0.55	0.41	2.63	0.92	1.12	0.77	1.17	1.18	1.18	1.35	1.24	0.96	0.85
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	3.95	- -	5.97	7.21	5.45	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	-89.48	-26.08	4.63	13.35	24.55	31.29	37.1	32.64	5.94	6.73	7.41	8.08	5.18	5.49	4.71
Operating Margin (%)	-93.74	-29.97	- -	8.86	20.28	27.26	33.68	29.37	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	-433.7	316.82	133.62	83.62	83.51	-19.67	-55.75	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-71.22	-35.28	-13.3	8.86	20.28	27.26	33.68	29.37	33	32.37	34.47	33.24	35.98	30.2	30.32
Profit Margin (%)	-106.11	-33.97	-13.66	8.38	51.09	18	22.26	19.37	24.78	26.33	27.49	26.53	28.72	24.19	24.3
Net Income to Common Margin (%)	-106.11	-33.97	-13.66	8.38	51.09	18	22.26	19.37	24.78	26.33	27.49	26.53	28.72	24.19	24.3
Effective Tax Rate (%)	- -	- -	- -	5.46	- -	33.96	33.91	34.05	24.9	18.65	20.26	20.19	20.18	19.9	19.86
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	6.67	6.42	22.77	8.36	9.18	11.24	9.09	8.99	10.73	12.19
Sustainable Growth Rate (%)	- -	-28.74	-13.08	8.25	41.68	11.9	14.49	8.22	14.46	12.33	10.79	13.03	12.56	10.19	9.01

Credit (USD)

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	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Debt	15	16	15	15	25	35	35	45	44	69	62	49	50	222	198
ST Debt	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	15	15	15	15	25	35	35	45	44	69	62	49	50	222	198
Total Debt/EBITDA	-1.06	-3.85	21.98	7.39	6.1	5.96	4.45	6.01	21.16	26.7	19.69	10.4	16.72	65.59	70.04
Net Debt/EBITDA	0.02	-1.03	-5.47	-15.3	2.94	2.62	1.96	-1.97	13.5	19.19	12.07	0.48	-11.18	48.53	38.05
Total Debt/EBIT	-1.01	-3.35	- -	11.14	7.38	6.84	4.9	6.68	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	0.02	-0.9	- -	-23.05	3.56	3.01	2.16	-2.18	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.07	3.77	4.9	5.16	7.37	7.12	7.3	7.23	7.57	9.7	9.72	9.2	8.82	8.09	8.54
Long-Term Debt/Equity (%)	72.96	93.14	101.79	91.9	100.38	123.72	107.09	88.83	74.02	77.08	60.62	42.29	40.18	176.35	143.11
Long-Term Debt/Capital (%)	41.16	46.99	50.48	48.17	50.16	55.41	51.62	46.93	42.67	43.44	37.94	29.86	28.56	61.94	57.2
Long-Term Debt/Total Assets (%)	2.87	3.52	4.99	4.79	7.41	8.85	7.79	6.4	5.63	7.45	5.94	3.92	3.53	13.17	11.41
Total Debt/Equity (%)	73.76	98.62	101.79	91.9	100.38	123.72	107.09	88.83	74.02	77.08	60.62	42.29	40.18	176.35	143.11
Total Debt/Capital (%)	41.61	49.75	50.48	48.17	50.16	55.41	51.62	46.93	42.67	43.44	37.94	29.86	28.56	61.94	57.2
Total Debt/Total Assets (%)	2.9	3.73	4.99	4.79	7.41	8.85	7.79	6.4	5.63	7.45	5.94	3.92	3.53	13.17	11.41
Net Debt to Equity	-1.68	26.42	-25.31	-190.22	48.46	54.35	47.27	-29.04	47.22	55.4	37.16	1.94	-26.87	130.47	77.75
Net Debt/Capital (%)	-1.65	20.96	-33.96	208.24	32.7	35.31	32.02	-40.67	32.2	35.56	27.26	1.91	-36.5	54.63	42.06
EBITDA	-14	-4	1	2	4	6	8	7	2	3	3	5	3	3	3
EBITDA-CapEx	-14	-4	- -	1	4	5	7	7	-1	1	1	3	- -	2	2
Operating Income (Loss)	-15	-5	- -	1	3	5	7	7	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.07	3.77	4.9	5.16	7.37	7.12	7.3	7.23	7.57	9.7	9.72	9.2	8.82	8.09	8.54
Long-Term Debt/Equity (%)	72.96	93.14	101.79	91.9	100.38	123.72	107.09	88.83	74.02	77.08	60.62	42.29	40.18	176.35	143.11
Long-Term Debt/Capital (%)	41.16	46.99	50.48	48.17	50.16	55.41	51.62	46.93	42.67	43.44	37.94	29.86	28.56	61.94	57.2
Long-Term Debt/Total Assets (%)	2.87	3.52	4.99	4.79	7.41	8.85	7.79	6.4	5.63	7.45	5.94	3.92	3.53	13.17	11.41
Total Debt/Equity (%)	73.76	98.62	101.79	91.9	100.38	123.72	107.09	88.83	74.02	77.08	60.62	42.29	40.18	176.35	143.11
Total Debt/Capital (%)	41.61	49.75	50.48	48.17	50.16	55.41	51.62	46.93	42.67	43.44	37.94	29.86	28.56	61.94	57.2
Total Debt/Total Assets (%)	2.9	3.73	4.99	4.79	7.41	8.85	7.79	6.4	5.63	7.45	5.94	3.92	3.53	13.17	11.41
CFO/Total Liabilities	0.32	2.73	5.31	0.09	0.38	1.08	0.86	0.86	1.32	1.85	-0.24	1.45	3.06	1.28	0.96
CFO/CapEx	12.23	88.39	76.96	0.38	2.39	7.32	5.68	11.3	2.8	9.04	-1.09	7.48	14.6	16.74	13.57
Altman's Z-Score	-0.12	-0.08	-0.08	-0.05	0.03	0.07	0.11	0.08	0.1	0.11	0.14	0.14	0.15	0.13	0.14

Working Capital (USD)

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	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Accounts Receivable Turnover	9.09	13.47	14.04	15.55	17.62	18.27	19.21	15.14	16.33	14.19	14.29	14.67	14.64	18.11	14.21
Days Sales Outstanding	40.14	27.09	25.99	23.47	20.71	19.98	19	24.11	22.36	25.72	25.55	24.88	24.93	20.16	25.69
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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	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Market Capitalization	3	3	4	7	15	21	30	37	62	73	109	97	124	95	119
- Cash & Cash Equivalents	15	12	19	46	13	20	19	60	16	19	24	47	83	58	91
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	15	16	15	15	25	35	35	45	44	69	62	49	50	222	198
Enterprise Value	2	-34	-58	-68	-7	6	22	-46	40	33	89	26	-72	137	122
Total Capital	36	32	30	31	50	63	67	96	103	159	162	164	175	359	347
Total Debt/Capital (%)	41.61	49.75	50.48	48.17	50.16	55.41	51.62	46.93	42.67	43.44	37.94	29.86	28.56	61.94	57.2
Total Debt / EV	6.84	-0.46	-0.26	-0.22	-3.78	5.53	1.57	-0.98	1.09	2.08	0.69	1.87	-0.7	1.62	1.63
EV/Sales	0.14	- -	- -	- -	- -	0.34	1.05	- -	1.15	0.86	2.11	0.45	- -	2.22	2.02
EV/EBITDA	- -	- -	- -	- -	- -	1.08	2.83	- -	19.41	12.81	28.49	5.57	- -	40.38	42.96
EV/EBIT	- -	- -	- -	- -	- -	1.24	3.12	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.39	- -	- -	- -	- -	1.59	6.18	- -	4.24	2.14	- -	1.6	- -	6.85	7.9
EV/Free Cash Flow to Firm	1.29	- -	- -	- -	- -	1.4	5.26	- -	3.13	1.93	- -	1.41	- -	6.46	7.36
Diluted Market Cap	3	3	4	7	15	21	30	37	62	73	109	97	124	95	119
Diluted Enterprise Value	2	8	1	-24	27	37	46	23	90	123	147	99	91	259	227
EV per Share	1	- -	- -	- -	- -	2.52	8.81	- -	11.13	8.69	19.16	5.62	- -	30.95	27.46
TTM Sales	16	16	15	15	17	19	21	23	35	38	42	58	58	62	60
TTM EBITDA	-14	-4	1	2	4	6	8	7	2	3	3	5	3	3	3
TTM Operating Income	-15	-5	- -	1	3	5	7	7	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	2	11	15	- -	1	4	4	6	10	15	-2	16	40	20	15
TTM Free Cash Flow to Firm	2	11	15	1	2	4	4	6	13	17	- -	19	42	21	17

Multiples (USD)

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	2009 Y	2010 Y	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
As of date	12/31/2009	12/31/2010	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Price/Free Cash Flow	1.49	0.3	0.28	7.41	8.74	4.74	7.2	6.11	4.81	4.27	-622.02	5.22	2.94	4.48	7.2
EV/EBIT	- -	- -	- -	- -	- -	1.24	3.12	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	2	-34	-58	-68	-7	6	22	-46	40	33	89	26	-72	137	122
Low Price	0.9	1.03	1.1	1.75	3.5	6.95	9.9	12.85	15.1	18.88	20.05	12.55	21.9	21.6	18.7
EV/Sales	0.14	- -	- -	- -	- -	0.34	1.05	- -	1.15	0.86	2.11	0.45	- -	2.22	2.02
EV/EBITDA	- -	- -	- -	- -	- -	1.08	2.83	- -	19.41	12.81	28.49	5.57	- -	40.38	42.96
Price/Earnings	- -	- -	- -	5.73	1.73	6.34	6.46	8.42	7.15	7.25	9.4	6.28	7.49	6.36	8.15
Price/Earnings Average	-0.35	-0.86	-1.94	4.01	1.44	6.03	6.08	7.39	6.8	7.11	7.8	5.41	6.73	7.2	6.52
Price/Earnings High	-0.97	-1.8	-4.96	6.71	2.04	10	8.03	9.4	8.63	8.67	10.23	7.85	7.85	8.66	8.24
Price/Earnings Low	-0.12	-0.44	-1.28	3.35	1.02	5.16	5.3	7.55	6.31	7.12	8.04	3.79	6.08	6.4	5.67
Price/Book Value	0.12	0.21	0.3	0.45	0.6	0.76	0.93	0.74	1.05	0.82	1.08	0.84	0.99	0.7	0.8
Price/Book Value Average	0.28	0.29	0.27	0.32	0.5	0.72	0.88	0.64	1	0.8	0.9	0.73	0.89	0.79	0.64
Price/Book Value High	0.78	0.6	0.68	0.53	0.7	1.2	1.16	0.82	1.27	0.98	1.18	1.05	1.04	0.95	0.81
Price/Book Value Low	0.09	0.15	0.18	0.26	0.35	0.62	0.76	0.66	0.93	0.8	0.93	0.51	0.81	0.7	0.56
Price/Tangible Book Value	0.12	0.21	0.29	0.45	0.59	0.76	0.93	0.83	1.21	0.9	1.17	0.91	1.17	0.88	0.99
Price/Tangible Book Value Average	0.29	0.29	0.27	0.31	0.49	0.72	0.88	0.73	1.15	0.88	0.97	0.78	1.05	1	0.79
Price/Tangible Book Value High	0.81	0.6	0.68	0.52	0.7	1.19	1.16	0.93	1.46	1.08	1.27	1.13	1.22	1.2	1
Price/Tangible Book Value Low	0.1	0.15	0.18	0.26	0.35	0.62	0.77	0.75	1.07	0.88	1	0.55	0.95	0.89	0.69
Price/Sales	0.16	0.22	0.29	0.48	0.89	1.14	1.44	1.63	1.77	1.91	2.58	1.66	2.15	1.54	1.98
Price/Sales Average	0.37	0.29	0.26	0.34	0.74	1.08	1.35	1.43	1.69	1.87	2.15	1.44	1.93	1.74	1.58
Price/Sales High	1.03	0.61	0.68	0.56	1.04	1.8	1.79	1.82	2.14	2.28	2.81	2.08	2.26	2.1	2
Price/Sales Low	0.12	0.15	0.18	0.28	0.52	0.93	1.18	1.46	1.56	1.87	2.21	1.01	1.75	1.55	1.38
Price/Cash Flow	1.61	0.31	0.29	27.13	12.4	5.39	8.47	6.65	6.53	4.74	-48.84	5.91	3.14	4.75	7.73
Price/Cash Flow Average	3.74	0.41	0.26	19	10.32	5.12	7.97	5.83	6.21	4.65	-40.54	5.1	2.82	5.38	6.19
Price/Cash Flow High	10.4	0.87	0.66	31.75	14.56	8.5	10.53	7.42	7.88	5.67	-53.13	7.4	3.29	6.47	7.83
Price/Cash Flow Low	1.25	0.21	0.17	15.88	7.28	4.38	6.95	5.96	5.76	4.65	-41.77	3.57	2.55	4.78	5.38
Price/Free Cash Flow Average	3.46	0.41	0.25	5.19	7.28	4.51	6.78	5.36	4.57	4.18	-516.36	4.5	2.64	5.08	5.77
Price/Free Cash Flow High	9.62	0.86	0.65	8.68	10.26	7.48	8.95	6.82	5.8	5.1	-676.69	6.53	3.08	6.11	7.29
Price/Free Cash Flow Low	1.15	0.21	0.17	4.34	5.13	3.86	5.91	5.47	4.24	4.19	-532.06	3.15	2.39	4.51	5.01
EV/Sales Average	0.35	0.56	0.01	- -	1.46	1.9	2.08	0.79	2.49	3.16	3.04	1.47	1.35	4.41	3.38
EV/Sales High	1.01	0.88	0.42	- -	1.76	2.62	2.52	1.18	2.94	3.57	3.71	2.12	1.68	4.76	3.79
EV/Sales Low	0.1	0.42	- -	- -	1.24	1.75	1.91	0.82	2.37	3.16	3.11	1.04	1.17	4.21	3.17
EV/EBITDA Average	-0.39	-2.15	0.26	-12.78	5.95	6.09	5.61	2.42	41.89	47.01	41.01	18.24	26.13	80.24	71.71
EV/EBITDA High	-1.13	-3.38	9.16	-11.09	7.18	8.37	6.78	3.61	49.51	53.12	49.99	26.25	32.34	86.69	80.6
EV/EBITDA Low	-0.11	-1.6	-1.68	-13.2	5.06	5.59	5.14	2.51	39.84	47.04	41.89	12.92	22.52	76.71	67.3
EV/EBIT Average	-0.37	-1.87	- -	-19.26	7.2	6.99	6.18	2.69	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	-1.08	-2.94	- -	-16.71	8.69	9.61	7.47	4.01	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	-0.11	-1.39	- -	-19.88	6.13	6.41	5.67	2.79	- -	- -	- -	- -	- -	- -	- -
Last Price	1.16	1.5	1.85	2.99	5.96	8.54	12.07	14.34	17.12	19.25	23.44	20.78	26.96	21.47	26.88
High Price	7.5	4.25	4.25	3.5	7	13.47	15	16	20.65	23	25.5	26	28.28	29.25	27.2
Enterprise Value Average	6	9	- -	-26	24	36	44	18	87	121	128	86	78	272	203
Enterprise Value High	16	14	6	-22	29	49	53	27	103	137	156	124	97	294	228
Enterprise Value Low	2	7	-1	-27	21	33	40	19	83	122	131	61	67	260	191

Shares Outstanding	2	2	2	2	2	3	3	4	4	5	5	5	4	4	4
Diluted Weighted Avg Shares	2	2	2	2	2	2	3	3	4	4	5	5	5	4	4
Basic Weighted Avg Shares	2	2	2	2	2	2	3	3	4	4	5	5	5	4	4
Revenue per Share	7.26	6.94	6.28	6.23	6.73	7.48	8.39	8.79	9.66	10.08	9.07	12.48	12.54	13.96	13.58
EBITDA per Share	-6.49	-1.81	0.29	0.83	1.65	2.34	3.11	2.87	0.57	0.68	0.67	1.01	0.65	0.77	0.64
Operating Income per Share	-6.8	-2.08	- -	0.55	1.36	2.04	2.83	2.58	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-7.7	-2.36	-0.86	0.52	3.44	1.35	1.87	1.7	2.39	2.65	2.49	3.31	3.6	3.38	3.3
Basic EPS from Cont Ops	-6.2	-2.36	-0.86	0.52	3.44	1.35	1.87	1.7	2.39	2.65	2.49	3.31	3.6	3.38	3.3
Diluted EPS, GAAP	-7.7	-2.36	-0.86	0.52	3.44	1.35	1.87	1.7	2.39	2.65	2.49	3.31	3.6	3.38	3.3
Diluted EPS from Cont Ops	-6.2	-2.36	-0.86	0.52	3.44	1.35	1.87	1.7	2.39	2.65	2.49	3.31	3.6	3.38	3.3
Dividend per Share	- -	- -	- -	- -	- -	0.09	0.12	0.39	0.2	0.24	0.28	0.3	0.32	0.36	0.4
Cash Flow per Share	0.72	4.9	6.45	0.11	0.48	1.59	1.42	2.16	2.62	4.06	-0.48	3.51	8.59	4.52	3.48
Free Cash Flow per Basic Share	0.66	4.85	6.37	-0.18	0.28	1.37	1.17	1.97	1.69	3.61	-0.92	3.05	8	4.25	3.22
Cash & Equivalents per Share	7.02	23.53	33.08	37.26	18.69	19.97	17.1	49.17	18.13	28.67	17.53	25.65	53.36	40.79	44.19
Book Value per Share	9.64	7.04	6.26	6.61	10	11.23	12.98	19.51	16.31	23.57	21.66	24.65	27.17	30.89	33.51
Tangible Book Value per Share	9.31	7.07	6.27	6.69	10.03	11.28	12.93	17.22	14.15	21.39	20.09	22.96	23.14	24.36	27.19

Fentura Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)