Flowers Foods, Inc. Financial Ratios — FLO 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
As of date	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	12/31/2024	12/31/2025

Return on Common Equity (%)	23.45	23.76	34.63	22.75	22.43	18.31	16.4	16.85	17.39	16.21	21.76	23.22	12.74	25.97	9.16
Return on Assets (%)	8.57	7.67	10.26	7.15	7.2	5.84	5.54	5.71	5.46	4.69	6.27	6.96	3.66	7.27	2.21
Return on Capital (%)	17.14	14.38	17.36	11.9	11.84	9.85	- -	9.99	9.29	8.1	10.4	11.47	6.79	11.95	5.3
Return on Invested Capital (%)	12.04	11.06	11.68	10.09	9.34	8.52	- -	8.53	8.02	10.33	8.55	9.05	5.54	10.16	7.74
Gross Margin (%)	46.88	46.63	47.16	47.97	48.04	48.39	48.75	47.7	47.73	49.95	49.77	47.94	48.3	49.5	48.87
EBITDA Margin (%)	10.23	10.6	10.81	11.47	11.48	10.97	10.23	9.56	9.53	11.36	10.06	9.43	6.66	10.29	9.39
Operating Margin (%)	6.82	7.21	7.64	8.03	7.98	7.38	6.49	5.91	6.04	8.14	6.91	6.48	3.68	7.17	6.2
Incremental Operating Margin (%)	-8.44	11.44	9.5	97.38	1.9	-8	572.97	-67.1	8.87	40.97	101.21	2.55	-43.51	1,412.17	-26.08
Pretax Margin (%)	6.92	6.89	8.64	7.15	7.76	6.35	3.81	4.99	5.14	4.57	6.25	6.22	3.09	6.45	2.19
Profit Margin (%)	4.45	4.49	6.19	4.69	5.01	4.17	3.83	3.98	3.99	3.47	4.76	4.75	2.42	4.86	1.59
Net Income to Common Margin (%)	4.45	4.49	6.19	4.69	5.01	4.17	3.83	3.98	3.99	3.47	4.76	4.75	2.42	4.86	1.59
Effective Tax Rate (%)	35.7	34.8	28.38	34.44	35.44	34.37	- -	20.29	22.42	24.11	23.85	23.54	21.44	24.57	27.15
Dvd Payout Ratio (%)	64.07	63.54	40.21	58.21	63.66	80.03	93.91	95.58	97.23	109.82	85.31	81.66	158.18	81.83	249.69
Sustainable Growth Rate (%)	8.42	8.66	20.7	9.51	8.15	3.66	1	0.74	0.48	-1.59	3.2	4.26	-7.41	4.72	-13.71

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
As of date	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	12/31/2024	12/31/2025

Total Debt	336	624	940	779	1,023	978	838	1,012	1,285	1,323	1,208	1,193	1,351	1,359	2,084
ST Debt	53	89	48	50	93	31	18	21	78	69	65	64	66	83	477
LT Debt	283	535	892	729	930	947	820	991	1,206	1,254	1,143	1,129	1,285	1,276	1,607
Total Debt/EBITDA	1.19	1.94	2.33	1.81	2.36	2.27	2.09	2.68	3.27	2.65	2.77	2.63	3.99	2.59	4.22
Net Debt/EBITDA	1.16	1.9	2.31	1.79	2.32	2.26	2.08	2.55	2.21	1.34	1.66	1.64	3.08	1.96	3.54
Total Debt/EBIT	1.78	2.86	3.3	2.59	3.39	3.38	3.29	4.33	5.16	3.7	4.04	3.83	7.21	3.71	6.39
Net Debt/EBIT	1.74	2.79	3.27	2.56	3.34	3.35	3.27	4.13	3.49	1.88	2.41	2.39	5.57	2.82	5.36
EBITDA to Interest Expense	27.89	13.72	13.98	15.2	16.18	12.34	10.98	10.59	10.12	12.85	13.82	15.67	9.26	14.15	6.44
EBITDA-CapEx/Interest Expense	20.1	10.85	10.54	12.24	12.61	9.42	8.92	7.8	7.45	10.33	7.13	9.83	5.73	10.59	4.78
EBIT to Interest Expense	18.58	9.33	9.88	10.64	11.25	8.3	6.96	6.55	6.41	9.21	9.49	10.76	5.12	9.86	4.25
Interest Expense	10	23	29	28	27	35	37	36	39	39	32	29	37	37	77
Common Equity/Total Assets	35.28	29.95	29.39	33.59	30.87	32.98	34.58	33.23	29.81	28.06	29.59	30.32	27.22	28.75	20.37
Long-Term Debt/Equity (%)	37.34	62.31	82.93	64.91	74.82	78.23	65.58	78.73	95.48	91.33	81	78.22	95.06	90.5	123.27
Long-Term Debt/Capital (%)	32.04	43.79	53.25	45.89	48.93	50.12	46.66	50.6	54.05	55.61	52.66	51.38	56.28	54.61	54.73
Long-Term Debt/Total Assets (%)	18.24	26.81	35.64	30.26	32.7	34.29	30.84	34.81	37.96	37.74	35.14	34.08	37.5	37.53	38.41
Total Debt/Equity (%)	44.31	72.66	87.35	69.37	82.27	80.83	67	80.43	101.69	96.34	85.62	82.64	99.93	96.38	159.87
Total Debt/Capital (%)	38.02	51.07	56.09	49.05	53.81	51.78	47.67	51.7	57.56	58.66	55.66	54.28	59.16	58.16	70.97
Total Debt/Total Assets (%)	21.64	31.26	37.54	32.34	35.96	35.42	31.5	35.57	40.43	39.81	37.14	36	39.42	39.97	49.81
Net Debt to Equity	43.29	71.11	86.56	68.7	81.11	80.3	66.59	76.68	68.8	48.76	51.15	51.6	77.22	73.12	134
Net Debt/Capital (%)	37.47	50.53	55.87	48.81	53.45	51.62	47.52	49.93	39.14	34.38	36.37	36.65	46.17	44.22	59.74
EBITDA	284	321	404	430	434	431	401	378	393	498	436	453	339	525	494
EBITDA-CapEx	205	254	304	346	338	329	326	278	289	401	225	284	210	393	366
Operating Income (Loss)	189	219	285	301	302	290	255	234	249	357	299	311	187	366	326

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
As of date	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	12/31/2024	12/31/2025

Cash Ratio	0.03	0.04	0.03	0.02	0.04	0.02	0.01	0.06	0.02	0.61	0.36	0.29	0.03	0.01	0.01
Current Ratio	1.41	1.31	1.49	1.46	1.24	1.4	1.29	1.36	1.05	1.66	1.44	1.43	1.04	1.2	0.75
Quick Ratio	0.76	0.77	0.83	0.8	0.73	0.82	0.75	0.79	0.59	1.21	0.97	0.91	0.56	0.64	0.4
CFO/Avg Current Liab	0.53	0.7	0.79	0.98	0.93	0.96	0.81	0.75	0.79	0.88	0.67	0.67	0.57	0.68	0.59
Common Equity/Total Assets	35.28	29.95	29.39	33.59	30.87	32.98	34.58	33.23	29.81	28.06	29.59	30.32	27.22	28.75	20.37
Long-Term Debt/Equity (%)	37.34	62.31	82.93	64.91	74.82	78.23	65.58	78.73	95.48	91.33	81	78.22	95.06	90.5	123.27
Long-Term Debt/Capital (%)	32.04	43.79	53.25	45.89	48.93	50.12	46.66	50.6	54.05	55.61	52.66	51.38	56.28	54.61	54.73
Long-Term Debt/Total Assets (%)	18.24	26.81	35.64	30.26	32.7	34.29	30.84	34.81	37.96	37.74	35.14	34.08	37.5	37.53	38.41
Total Debt/Equity (%)	44.31	72.66	87.35	69.37	82.27	80.83	67	80.43	101.69	96.34	85.62	82.64	99.93	96.38	159.87
Total Debt/Capital (%)	38.02	51.07	56.09	49.05	53.81	51.78	47.67	51.7	57.56	58.66	55.66	54.28	59.16	58.16	70.97
Total Debt/Total Assets (%)	21.64	31.26	37.54	32.34	35.96	35.42	31.5	35.57	40.43	39.81	37.14	36	39.42	39.97	49.81
CFO/Total Liabilities	16.89	19.07	18.94	24.51	20.97	22.99	21.11	18.64	19.17	23.31	18.71	19.3	16.83	20.73	15.49
CFO/CapEx	1.7	3.22	2.73	3.76	3.5	3.51	3.95	2.98	3.54	4.64	1.63	2.13	2.71	3.12	3.51
Altman's Z-Score	5.55	5.23	5.65	5.96	5.78	5.94	5.99	5.6	4.79	5	5.34	5.53	4.74	5.04	3.84

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
As of date	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	12/31/2024	12/31/2025

Accounts Receivable Turnover	15.76	13.72	14.63	15.31	14.95	14.5	14.21	13.93	14.39	14.99	14.31	14.68	15.02	15.39	15.3
Days Sales Outstanding	23.16	26.6	24.95	23.85	24.42	25.17	25.69	26.21	25.36	24.36	25.5	24.86	24.3	23.71	23.86
Inventory Turnover	13.94	12.94	13.84	13.18	12.44	11.96	11.73	11.48	11.28	11.32	10.96	11.23	10.26	9.66	9.57
Days Inventory Outstanding	26.19	28.2	26.38	27.69	29.34	30.51	31.13	31.79	32.36	32.23	33.29	32.52	35.58	37.78	38.16
Accounts Payable Turnover	13.71	12.19	12.98	13.23	12.62	11.76	11.35	9.83	9.1	9.57	8.84	8.31	8.04	8.87	9.5
Accounts Payable Turnover Days	26.62	29.94	28.13	27.58	28.93	31.04	32.16	37.12	40.09	38.16	41.29	43.95	45.41	41.15	38.41
Cash Conversion Cycle	22.72	24.86	23.2	23.95	24.83	24.64	24.66	20.89	17.62	18.43	17.5	13.43	14.47	20.34	23.61
Inventory to Cash Days	-3.03	-1.6	-1.43	-3.84	-4.92	-5.34	-5.44	-5.59	-7	-7.87	-7.79	-7.65	-11.29	-14.07	-14.29
Inventories	114	136	149	147	168	170	172	188	195	193	203	242	271	263	299
Raw Materials	66	78	85	88	100	101	103	110	114	117	123	145	159	158	173
Work In Process	16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	32	39	43	40	47	49	50	56	59	56	56	69	83	77	98
Other Inventory	- -	19	21	20	22	20	20	22	22	21	25	28	29	28	28

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
As of date	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	12/31/2024	12/31/2025

Market Capitalization	2,580	3,217	4,478	4,017	4,562	4,162	4,065	3,895	4,598	4,789	5,807	6,068	4,737	4,351	2,298
- Cash & Cash Equivalents	8	13	9	8	14	6	5	25	11	307	186	165	23	5	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	336	624	940	779	1,023	978	838	1,012	1,285	1,323	1,208	1,193	1,351	1,359	2,084
Enterprise Value	2,909	3,828	5,409	4,789	5,570	5,134	4,898	4,882	5,872	5,804	6,829	7,096	6,065	5,705	4,369
Total Capital	885	1,222	1,676	1,588	1,901	1,889	1,758	1,958	2,232	2,255	2,171	2,197	2,283	2,337	2,936
Total Debt/Capital (%)	38.02	51.07	56.09	49.05	53.81	51.78	47.67	51.7	57.56	58.66	55.66	54.28	59.16	58.16	70.97
Total Debt / EV	0.12	0.16	0.17	0.16	0.18	0.19	0.17	0.21	0.22	0.23	0.18	0.17	0.22	0.24	0.48
EV/Sales	1.05	1.26	1.45	1.28	1.47	1.31	1.25	1.24	1.42	1.32	1.58	1.48	1.19	1.12	0.83
EV/EBITDA	10.25	11.92	13.4	11.14	12.84	11.92	12.21	12.92	14.94	11.64	15.67	15.66	17.89	10.86	8.85
EV/EBIT	15.39	17.52	18.97	15.91	18.46	17.72	19.24	20.9	23.59	16.25	22.83	22.79	32.39	15.59	13.4
EV/Cash Flow to Firm	20.65	16.49	18.58	14.35	15.78	13.53	14.66	15.05	14.79	11.99	18.53	18.53	16.04	12.95	8.7
EV/Free Cash Flow to Firm	13.22	12.78	13.86	11.47	12.41	10.67	11.96	11.52	11.73	9.98	11.79	12.85	11.96	9.96	6.94
Diluted Market Cap	2,597	3,221	4,550	4,089	4,585	4,201	4,065	3,909	4,608	4,805	5,852	6,128	4,803	4,383	2,308
Diluted Enterprise Value	2,926	3,832	5,482	4,861	5,593	5,172	4,898	4,896	5,882	5,821	6,874	7,156	6,131	5,737	4,379
EV per Share	14.26	18.45	25.94	22.88	26.24	24.63	23.27	23.15	27.76	27.43	32.31	33.61	28.82	27.09	20.69
TTM Sales	2,773	3,031	3,733	3,749	3,779	3,927	3,921	3,952	4,124	4,388	4,331	4,806	5,091	5,103	5,256
TTM EBITDA	284	321	404	430	434	431	401	378	393	498	436	453	339	525	494
TTM Operating Income	189	219	285	301	302	290	255	234	249	357	299	311	187	366	326
TTM Cash Flow to Firm	141	232	291	334	353	379	334	324	397	484	369	383	378	441	502
TTM Free Cash Flow to Firm	220	299	390	418	449	481	409	424	501	582	579	552	507	573	629

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
As of date	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	12/31/2024	12/31/2025

Price/Free Cash Flow	12.17	11.34	12.31	10.25	10.63	9.17	10.91	9.89	9.79	8.7	10.54	11.56	10.04	8.05	4.03
EV/EBIT	15.39	17.52	18.97	15.91	18.46	17.72	19.24	20.9	23.59	16.25	22.83	22.79	32.39	15.59	13.4
Enterprise Value	2,909	3,828	5,409	4,789	5,570	5,134	4,898	4,882	5,872	5,804	6,829	7,096	6,065	5,705	4,369
Low Price	10.64	12.26	15.69	17.46	18.66	14.35	16.8	17.78	18.14	17.42	21.66	24.15	19.64	20.21	10.34
EV/Sales	1.05	1.26	1.45	1.28	1.47	1.31	1.25	1.24	1.42	1.32	1.58	1.48	1.19	1.12	0.83
EV/EBITDA	10.25	11.92	13.4	11.14	12.84	11.92	12.21	12.92	14.94	11.64	15.67	15.66	17.89	10.86	8.85
Price/Earnings	20.9	23.63	19.39	22.86	24.11	25.41	27.08	24.79	27.95	31.44	28.16	26.57	38.38	17.54	27.41
Price/Earnings Average	21.48	21.16	19.36	23.79	25.35	22.45	26.43	27.15	28.01	31.64	24.8	25.11	42.42	19.34	39.59
Price/Earnings High	25.48	24.58	23.19	26.47	30.64	28.1	29.45	30.62	31.31	34.98	28.42	27.88	49.84	22.17	52.7
Price/Earnings Low	17.58	18.68	14.17	20.8	20.94	18.26	23.56	23.86	23.32	24.2	22.21	22.32	33.49	17.15	26.05
Price/Book Value	4.71	5.38	6.09	4.96	5.2	4.57	4.42	4.12	4.85	5.14	6.03	6.04	5.08	4.45	2.7
Price/Book Value Average	4.84	4.82	6.07	5.17	5.46	4.04	4.31	4.51	4.86	5.17	5.31	5.71	5.61	4.91	3.89
Price/Book Value High	5.74	5.6	7.28	5.75	6.6	5.05	4.81	5.09	5.44	5.72	6.09	6.34	6.59	5.63	5.18
Price/Book Value Low	3.96	4.25	4.45	4.52	4.51	3.28	3.84	3.97	4.05	3.95	4.76	5.08	4.43	4.35	2.56
Price/Tangible Book Value	6.48	16.06	32.67	20.59	-46.88	-45.51	93.54	-47.48	-143.6	42.44	34.04	25.97	291.59	41.9	-3.15
Price/Tangible Book Value Average	6.66	14.38	32.61	21.42	-49.28	-40.2	91.31	-52	-143.9	42.71	29.97	24.55	322.26	46.22	-4.55
Price/Tangible Book Value High	7.9	16.7	39.06	23.84	-59.57	-50.32	101.73	-58.66	-160.91	47.22	34.35	27.25	378.64	52.97	-6.06
Price/Tangible Book Value Low	5.45	12.69	23.87	18.73	-40.7	-32.7	81.39	-45.71	-119.82	32.67	26.84	21.82	254.41	40.98	-3
Price/Sales	0.93	1.06	1.2	1.07	1.21	1.06	1.04	0.99	1.12	1.09	1.34	1.26	0.93	0.85	0.44
Price/Sales Average	0.96	0.95	1.2	1.12	1.27	0.94	1.01	1.08	1.12	1.1	1.18	1.19	1.03	0.94	0.63
Price/Sales High	1.13	1.1	1.43	1.24	1.53	1.17	1.13	1.22	1.25	1.21	1.35	1.33	1.21	1.08	0.84
Price/Sales Low	0.78	0.84	0.88	0.97	1.05	0.76	0.9	0.95	0.93	0.84	1.06	1.06	0.81	0.83	0.42
Price/Cash Flow	19.21	14.83	16.55	12.75	13.59	11.67	13.67	13.16	12.53	10.54	16.85	16.81	13.56	10.54	5.15
Price/Cash Flow Average	19.74	13.28	16.52	13.26	14.29	10.31	13.34	14.42	12.56	10.6	14.84	15.89	14.98	11.63	7.44
Price/Cash Flow High	23.42	15.43	19.79	14.76	17.27	12.91	14.87	16.26	14.04	11.72	17	17.64	17.61	13.33	9.9
Price/Cash Flow Low	16.16	11.72	12.1	11.6	11.8	8.39	11.89	12.67	10.46	8.11	13.29	14.13	11.83	10.31	4.89
Price/Free Cash Flow Average	12.5	10.15	12.29	10.66	11.17	8.1	10.65	10.83	9.81	8.75	9.28	10.93	11.09	8.87	5.81
Price/Free Cash Flow High	14.83	11.79	14.72	11.87	13.51	10.13	11.86	12.22	10.97	9.68	10.63	12.13	13.04	10.17	7.74
Price/Free Cash Flow Low	10.23	8.96	8.99	9.33	9.23	6.59	9.49	9.52	8.17	6.7	8.31	9.72	8.76	7.87	3.83
EV/Sales Average	1.07	1.15	1.45	1.32	1.54	1.18	1.22	1.33	1.43	1.33	1.42	1.41	1.29	1.21	1.03
EV/Sales High	1.25	1.31	1.68	1.45	1.8	1.42	1.34	1.47	1.56	1.45	1.59	1.54	1.47	1.34	1.23
EV/Sales Low	0.9	1.04	1.13	1.18	1.32	1.01	1.11	1.2	1.24	1.07	1.29	1.27	1.07	1.1	0.81
EV/EBITDA Average	10.5	10.87	13.38	11.51	13.38	10.79	11.97	13.91	14.96	11.7	14.08	14.92	19.36	11.72	10.92
EV/EBITDA High	12.25	12.32	15.57	12.61	15.69	12.94	13.09	15.35	16.35	12.73	15.8	16.32	22.06	13.05	13.15
EV/EBITDA Low	8.81	9.82	10.41	10.29	11.45	9.2	10.89	12.54	13	9.43	12.86	13.52	16.11	10.68	8.62
EV/EBIT Average	15.76	15.97	18.94	16.45	19.24	16.04	18.86	22.48	23.63	16.34	20.51	21.73	35.05	16.81	16.53
EV/EBIT High	18.38	18.1	22.04	18.01	22.56	19.23	20.64	24.82	25.82	17.76	23.01	23.76	39.94	18.73	19.9
EV/EBIT Low	13.22	14.43	14.74	14.7	16.47	13.67	17.17	20.27	20.53	13.17	18.72	19.68	29.16	15.33	13.05
Last Price	12.65	15.51	21.47	19.19	21.49	19.97	19.31	18.47	21.74	22.63	27.47	28.74	22.51	20.66	10.88
High Price	15.42	16.13	25.67	22.22	27.31	22.08	21	22.82	24.36	25.18	27.72	30.16	29.23	26.12	20.92
Enterprise Value Average	2,980	3,491	5,401	4,952	5,804	4,648	4,801	5,253	5,882	5,834	6,136	6,764	6,563	6,153	5,390
Enterprise Value High	3,474	3,956	6,285	5,423	6,805	5,574	5,254	5,799	6,426	6,343	6,882	7,395	7,479	6,855	6,490
Enterprise Value Low	2,499	3,153	4,204	4,427	4,969	3,963	4,370	4,736	5,111	4,701	5,601	6,126	5,461	5,610	4,255

Shares Outstanding	204	207	209	209	212	208	211	211	212	212	211	211	210	211	211
Diluted Weighted Avg Shares	205	208	212	213	213	210	211	212	212	212	213	213	213	212	212
Basic Weighted Avg Shares	204	207	209	209	212	208	211	211	212	212	211	211	210	211	211
Revenue per Share	13.6	14.61	17.9	17.91	17.8	18.84	18.62	18.74	19.5	20.74	20.49	22.76	24.19	24.23	24.89
EBITDA per Share	1.39	1.55	1.94	2.05	2.04	2.07	1.91	1.79	1.86	2.36	2.06	2.15	1.61	2.49	2.34
Operating Income per Share	0.93	1.05	1.37	1.44	1.42	1.39	1.21	1.11	1.18	1.69	1.42	1.47	0.89	1.74	1.54
Basic EPS, GAAP	0.61	0.66	1.11	0.84	0.89	0.79	0.71	0.75	0.78	0.72	0.98	1.08	0.59	1.18	0.4
Basic EPS from Cont Ops	0.61	0.66	1.11	0.84	0.89	0.79	0.71	0.75	0.78	0.72	0.98	1.08	0.59	1.18	0.4
Diluted EPS, GAAP	0.6	0.66	1.09	0.82	0.89	0.78	0.71	0.74	0.78	0.72	0.97	1.07	0.58	1.17	0.4
Diluted EPS from Cont Ops	0.6	0.66	1.09	0.82	0.89	0.78	0.71	0.74	0.78	0.72	0.97	1.07	0.58	1.17	0.4
Dividend per Share	0.39	0.42	0.45	0.49	0.57	0.63	0.67	0.71	0.76	0.79	0.83	0.88	0.93	0.96	0.99
Cash Flow per Share	0.66	1.05	1.3	1.51	1.58	1.71	1.41	1.4	1.73	2.15	1.63	1.71	1.66	1.96	2.11
Free Cash Flow per Basic Share	0.27	0.72	0.82	1.11	1.13	1.22	1.06	0.93	1.24	1.68	0.63	0.91	1.05	1.33	1.51
Cash & Equivalents per Share	0.04	0.06	0.04	0.04	0.07	0.03	0.02	0.12	0.05	1.45	0.88	0.78	0.11	0.02	0.06
Book Value per Share	2.69	2.88	3.53	3.87	4.14	4.37	4.37	4.48	4.48	4.41	4.55	4.76	4.43	4.64	4.04
Tangible Book Value per Share	1.95	0.97	0.66	0.93	-0.46	-0.44	0.21	-0.39	-0.15	0.53	0.81	1.11	0.08	0.49	-3.45

Flowers Foods, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)