Fulton Financial Corporation Financial Ratios — FULTP 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 (%)	19.39	18.69	16.91	14.95	13.04	13.08	12.93	14.5	14.44	10.62	15.07	14.36	13.06	12.18	15.15
Return on Assets (%)	0.89	0.97	0.97	0.93	0.85	0.88	0.88	1.02	1.06	0.75	1.07	1.09	1.04	0.97	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 (%)	3.39	3.37	3.97	3.78	4.08	3.85	3.61	3.41	3.43	3.42	3.14	3.17	3.05	4.83	3.86
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	26.27	28.58	29.79	30.85	29.25	29.29	30.13	28.21	30.53	23.55	35.65	34.4	32.23	29.24	36.98
Profit Margin (%)	19.47	21.01	22.64	23.14	21.93	22.73	22.07	25.23	26.18	20.74	29.39	28.45	26.27	24.49	29.82
Net Income to Common Margin (%)	19.47	21.01	22.64	23.14	21.93	22.73	22.07	25.23	26.18	20.49	28.29	27.43	25.33	23.63	29.04
Effective Tax Rate (%)	25.88	26.49	23.99	24.99	25.03	22.39	26.74	10.55	14.26	11.96	17.58	17.3	18.48	16.22	19.35
Dvd Payout Ratio (%)	23.3	45.03	28.75	40.55	43.72	42.93	46.79	43.02	40.79	50.49	38.36	38.22	38.5	43.61	34.34
Sustainable Growth Rate (%)	14.87	10.27	12.05	8.89	7.34	7.47	6.88	8.26	8.55	5.26	9.29	8.87	8.03	6.87	9.95

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	1,197	1,014	1,384	1,305	1,138	996	1,264	1,704	1,765	1,926	1,038	1,791	1,636	1,218	619
ST Debt	157	120	501	165	189	67	226	711	883	630	417	- -	- -	- -	- -
LT Debt	1,040	894	884	1,139	950	929	1,038	992	882	1,296	621	1,791	1,636	1,218	619
Total Debt/EBITDA	47.24	39.6	48.83	50.54	40.88	36.36	44.98	60.5	59.57	65.67	35.32	56.08	49.58	21.37	12.19
Net Debt/EBITDA	33.54	26.8	38.62	36.32	32.25	27.63	35.6	51.85	42.1	2.68	-20.43	35.16	33.45	2.78	-8.2
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	4.91	5.48	5.95	6.45	6.64	6.77	6.86	7.25	7.47	6.48	7.14	7.47	7.92	7.45	8.23
Long-Term Debt/Equity (%)	52.2	42.96	42.83	57.07	46.5	43.82	46.57	44.15	37.65	49.54	22.91	69.42	59.28	38.1	17.72
Long-Term Debt/Capital (%)	51.97	46.58	36.93	47.3	40.8	40.8	39.37	30.97	25.93	34.13	20.22	44.82	40.78	32.05	17.91
Long-Term Debt/Total Assets (%)	6.35	5.41	5.22	6.65	5.3	4.91	5.18	4.8	4.03	5	2.41	6.65	5.93	3.8	1.93
Total Debt/Equity (%)	60.07	48.71	67.09	65.33	55.76	46.98	56.68	75.8	75.36	73.61	38.27	69.42	59.28	38.1	17.72
Total Debt/Capital (%)	59.81	52.81	57.85	54.15	48.92	43.74	47.91	53.17	51.9	50.72	33.78	44.82	40.78	32.05	17.91
Total Debt/Total Assets (%)	7.31	6.13	8.17	7.62	6.35	5.26	6.31	8.24	8.06	7.44	4.02	6.65	5.93	3.8	1.93
Net Debt to Equity	42.65	32.96	53.06	46.96	43.99	35.7	44.85	64.95	53.25	3	-22.14	43.52	39.99	4.95	-11.92
Net Debt/Capital (%)	51.37	43.1	52.05	45.92	43.04	37.14	42.13	49.31	43.27	4.03	-41.86	33.74	31.72	5.78	-17.2
EBITDA	25	26	28	26	28	27	28	28	30	29	29	32	33	57	51
EBITDA-CapEx	- -	26	28	26	28	27	28	-12	-4	9	12	11	- -	15	31
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	4.91	5.48	5.95	6.45	6.64	6.77	6.86	7.25	7.47	6.48	7.14	7.47	7.92	7.45	8.23
Long-Term Debt/Equity (%)	52.2	42.96	42.83	57.07	46.5	43.82	46.57	44.15	37.65	49.54	22.91	69.42	59.28	38.1	17.72
Long-Term Debt/Capital (%)	51.97	46.58	36.93	47.3	40.8	40.8	39.37	30.97	25.93	34.13	20.22	44.82	40.78	32.05	17.91
Long-Term Debt/Total Assets (%)	6.35	5.41	5.22	6.65	5.3	4.91	5.18	4.8	4.03	5	2.41	6.65	5.93	3.8	1.93
Total Debt/Equity (%)	60.07	48.71	67.09	65.33	55.76	46.98	56.68	75.8	75.36	73.61	38.27	69.42	59.28	38.1	17.72
Total Debt/Capital (%)	59.81	52.81	57.85	54.15	48.92	43.74	47.91	53.17	51.9	50.72	33.78	44.82	40.78	32.05	17.91
Total Debt/Total Assets (%)	7.31	6.13	8.17	7.62	6.35	5.26	6.31	8.24	8.06	7.44	4.02	6.65	5.93	3.8	1.93
CFO/Total Liabilities	2.58	2.04	2.03	1.39	1.12	1.34	1.62	1.61	0.65	0.68	1.47	2.44	1.46	1.44	1.06
CFO/CapEx	14.65	- -	- -	- -	- -	- -	- -	7.44	3.79	7.78	19.14	28	11.01	9.81	15.11
Altman's Z-Score	0.07	0.08	0.08	0.09	0.09	0.09	0.1	0.11	0.11	0.1	0.11	0.12	0.12	0.12	0.13

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	14.25	15.7	15.92	15.89	16.12	15.97	15.69	14.78	14.44	12.83	14.38	13.54	10.84	10.48	11.38
Days Sales Outstanding	25.62	23.24	22.93	22.97	22.64	22.86	23.26	24.7	25.28	28.45	25.38	26.96	33.66	34.83	32.07
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	347	328	289	367	240	239	264	244	518	1,848	1,639	668	532	1,060	1,035
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	193	193	193	193	193	193
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,197	1,014	1,384	1,305	1,138	996	1,264	1,704	1,765	1,926	1,038	1,791	1,636	1,218	619
Enterprise Value	-1,823	-2,035	-1,474	-1,386	-1,587	-1,802	-1,548	-621	-1,250	-2,791	-3,595	-1,331	-1,102	-3,060	-2,595
Total Capital	2,001	1,920	2,393	2,409	2,327	2,278	2,638	3,204	3,401	3,798	3,073	3,996	4,013	3,802	3,454
Total Debt/Capital (%)	59.81	52.81	57.85	54.15	48.92	43.74	47.91	53.17	51.9	50.72	33.78	44.82	40.78	32.05	17.91
Total Debt / EV	-0.66	-0.5	-0.94	-0.94	-0.72	-0.55	-0.82	-2.75	-1.41	-0.69	-0.29	-1.35	-1.49	-0.4	-0.24
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.37	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.28	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.12	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.02	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	850	686	1,095	938	898	757	1,000	1,460	1,247	271	-408	1,316	1,297	351	-223
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	748	761	715	682	682	711	778	826	865	859	937	1,009	1,082	1,179	1,313
TTM EBITDA	25	26	28	26	28	27	28	28	30	29	29	32	33	57	51
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	371	295	302	211	178	226	288	297	128	157	338	595	363	417	304
TTM Free Cash Flow to Firm	397	295	302	211	178	226	288	337	161	178	356	616	396	459	325

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-1,823	-2,035	-1,474	-1,386	-1,587	-1,802	-1,548	-621	-1,250	-2,791	-3,595	-1,331	-1,102	-3,060	-2,595
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.44	24.93	18.94	13.37	16.57	17.25
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.37	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.28	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	1.14	0.9	1.53	1.37	1.32	1.07	1.29	1.77	1.44	0.32	- -	1.3	1.2	0.3	- -
EV/Sales High	1.14	0.9	1.53	1.37	1.32	1.07	1.29	1.77	1.44	0.32	- -	1.3	1.2	0.3	- -
EV/Sales Low	1.14	0.9	1.53	1.37	1.32	1.07	1.29	1.77	1.44	0.32	- -	1.3	1.2	0.3	- -
EV/EBITDA Average	33.54	26.8	38.62	36.32	32.25	27.63	35.6	51.85	42.1	9.25	-13.87	41.2	39.3	6.16	-4.4
EV/EBITDA High	33.54	26.8	38.62	36.32	32.25	27.63	35.6	51.85	42.1	9.25	-13.87	41.2	39.3	6.16	-4.4
EV/EBITDA Low	33.54	26.8	38.62	36.32	32.25	27.63	35.6	51.85	42.1	9.25	-13.87	41.2	39.3	6.16	-4.4
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.21	21.37	16.99	15.63	19.75	18.83
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.6	27.42	26.36	21.54	21.22	20.83
Enterprise Value Average	850	686	1,095	938	898	757	1,000	1,460	1,247	271	-408	1,316	1,297	351	-223
Enterprise Value High	850	686	1,095	938	898	757	1,000	1,460	1,247	271	-408	1,316	1,297	351	-223
Enterprise Value Low	850	686	1,095	938	898	757	1,000	1,460	1,247	271	-408	1,316	1,297	351	-223

	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	200	199	193	179	174	174	175	170	164	162	160	168	164	182	180
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Fulton Financial Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)