Mutual Federal Bancorp, Inc. Financial Ratios — MFDB Stock

Profitability	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Return on Common Equity (%)	- -	8.7	4.12	2.86	1.56	-4.88	1.81	14.98	3.69	-2.25
Return on Assets (%)	- -	2.31	1.15	0.76	0.4	-1.26	0.33	1.64	0.39	-0.21
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	8.17	4.03	2.18	0.95	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	48.83	64.78	45.64	32.56	19.34	-61.74	- -	- -	- -	- -
Operating Margin (%)	43.23	60.06	39.94	28.46	17.38	-63.98	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	100.25	114	948.65	-1,185.19	- -	39.28	- -	- -	- -
Pretax Margin (%)	43.23	60.06	39.94	28.46	17.38	-63.98	4.04	11.62	4.33	-3.26
Profit Margin (%)	27.62	37.46	25.04	18.09	9.98	-40.59	4.04	11.62	4.33	-3.26
Net Income to Common Margin (%)	27.62	37.46	25.04	18.09	9.98	-40.59	4.04	11.62	4.33	-3.26
Effective Tax Rate (%)	36.1	37.64	37.3	36.45	42.61	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	65.53	40.38	- -	- -	-18.76	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	3	2.46	2.86	1.56	-5.79	1.81	14.98	3.69	-2.25

Credit	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Total Debt	- -	- -	- -	2	5	6	- -	5	5	30
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	2	5	6	- -	5	5	30
Total Debt/EBITDA	- -	- -	- -	2.1	8.74	-4.35	- -	- -	- -	- -
Net Debt/EBITDA	-3.03	-1.4	-0.92	-0.28	4.78	-1.85	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	2.4	9.73	-4.2	- -	- -	- -	- -
Net Debt/EBIT	-3.42	-1.51	-1.05	-0.32	5.32	-1.78	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	25.6	27.51	28.3	25.07	26.18	25.35	11.27	10.67	10.6	8.19
Long-Term Debt/Equity (%)	- -	- -	- -	7.08	18.58	24.22	- -	30.18	29.54	180.98
Long-Term Debt/Capital (%)	- -	- -	- -	9.61	20.74	24.95	- -	34.63	33.8	75.96
Long-Term Debt/Total Assets (%)	- -	- -	- -	2.66	6.85	8.43	- -	5.65	5.41	25.87
Total Debt/Equity (%)	- -	- -	- -	7.08	18.58	24.22	- -	30.18	29.54	180.98
Total Debt/Capital (%)	- -	- -	- -	9.61	20.74	24.95	- -	34.63	33.8	75.96
Total Debt/Total Assets (%)	- -	- -	- -	2.66	6.85	8.43	- -	5.65	5.41	25.87
Net Debt to Equity	-22.53	-19.87	-6.82	-0.95	10.17	10.28	-51.74	-93.36	-135.72	-70.75
Net Debt/Capital (%)	-32.54	-26.08	-7.35	-1.44	12.52	12.36	-3,400.43	1,504.38	280.81	-42.24
EBITDA	1	3	1	1	1	-1	- -	- -	- -	- -
EBITDA-CapEx	1	3	1	1	1	-1	- -	- -	- -	- -
Operating Income (Loss)	1	2	1	1	1	-1	- -	- -	- -	- -

Liquidity	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	25.6	27.51	28.3	25.07	26.18	25.35	11.27	10.67	10.6	8.19
Long-Term Debt/Equity (%)	- -	- -	- -	7.08	18.58	24.22	- -	30.18	29.54	180.98
Long-Term Debt/Capital (%)	- -	- -	- -	9.61	20.74	24.95	- -	34.63	33.8	75.96
Long-Term Debt/Total Assets (%)	- -	- -	- -	2.66	6.85	8.43	- -	5.65	5.41	25.87
Total Debt/Equity (%)	- -	- -	- -	7.08	18.58	24.22	- -	30.18	29.54	180.98
Total Debt/Capital (%)	- -	- -	- -	9.61	20.74	24.95	- -	34.63	33.8	75.96
Total Debt/Total Assets (%)	- -	- -	- -	2.66	6.85	8.43	- -	5.65	5.41	25.87
CFO/Total Liabilities	0.83	1.18	3.4	-1.54	1.6	1.16	-9.56	-6.89	12.81	5.44
CFO/CapEx	- -	- -	- -	- -	- -	- -	-36.96	-15.49	508.63	170.28
Altman's Z-Score	0.46	0.57	0.5	1.19	0.88	0.7	0.24	0.37	0.33	0.17

Working Capital	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Accounts Receivable Turnover	- -	16.26	12.09	10.19	8.46	6.35	34.21	- -	- -	- -
Days Sales Outstanding	- -	22.44	30.2	35.81	43.14	57.48	10.67	- -	- -	- -
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	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Market Capitalization	- -	- -	- -	59	35	29	- -	11	12	- -
- Cash & Cash Equivalents	4	4	1	2	2	3	8	15	23	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	2	5	6	- -	5	5	30
Enterprise Value	-4	-4	-1	59	37	32	-8	- -	-6	18
Total Capital	17	18	18	21	24	24	8	14	15	40
Total Debt/Capital (%)	- -	- -	- -	9.61	20.74	24.95	- -	34.63	33.8	75.96
Total Debt / EV	- -	- -	- -	0.03	0.13	0.19	- -	11.41	-0.79	1.64
EV/Sales	- -	- -	- -	20.18	12.61	14.2	- -	0.04	- -	2.75
EV/EBITDA	- -	- -	- -	61.99	65.18	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	70.91	72.53	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	50.58	58.7	- -	- -	- -	3.38
EV/Free Cash Flow to Firm	- -	- -	- -	- -	50.58	58.7	- -	- -	- -	3.36
Diluted Market Cap	- -	- -	- -	59	35	29	- -	11	12	- -
Diluted Enterprise Value	-4	-4	-1	59	37	32	-8	- -	-6	18
EV per Share	- -	- -	- -	13.39	10.54	9.27	- -	0.13	- -	- -
TTM Sales	3	4	3	3	3	2	6	11	8	7
TTM EBITDA	1	3	1	1	1	-1	- -	- -	- -	- -
TTM Operating Income	1	2	1	1	1	-1	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	1	2	-1	1	1	-5	-5	10	5
TTM Free Cash Flow to Firm	- -	1	2	-1	1	1	-5	-5	10	5

Multiples	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Price/Earnings	- -	- -	- -	112.08	117.1	- -	- -	8.29	32.87	- -
Price/Earnings Average	- -	- -	- -	89.69	142.32	-36.33	- -	6.98	36.35	- -
Price/Earnings High	- -	- -	- -	120.83	172.72	-43.76	- -	8.87	61.05	- -
Price/Earnings Low	- -	- -	- -	83.75	120.46	-30.18	- -	5.07	27.24	- -
Price/Book Value	- -	- -	- -	3.16	1.81	1.62	- -	1.16	1.19	- -
Price/Book Value Average	- -	- -	- -	2.53	2.2	1.82	- -	0.97	1.32	- -
Price/Book Value High	- -	- -	- -	3.4	2.67	2.2	- -	1.24	2.21	- -
Price/Book Value Low	- -	- -	- -	2.36	1.86	1.51	- -	0.71	0.99	- -
Price/Tangible Book Value	- -	- -	- -	2.1	1.28	1.18	- -	0.66	0.69	- -
Price/Tangible Book Value Average	- -	- -	- -	1.68	1.56	1.33	- -	0.55	0.76	- -
Price/Tangible Book Value High	- -	- -	- -	2.27	1.89	1.6	- -	0.7	1.28	- -
Price/Tangible Book Value Low	- -	- -	- -	1.57	1.32	1.1	- -	0.4	0.57	- -
Price/Sales	- -	- -	- -	20.27	11.68	13.06	- -	0.96	1.42	- -
Price/Sales Average	- -	- -	- -	16.22	14.2	14.75	- -	0.81	1.58	- -
Price/Sales High	- -	- -	- -	21.86	17.23	17.76	- -	1.03	2.65	- -
Price/Sales Low	- -	- -	- -	15.15	12.02	12.25	- -	0.59	1.18	- -
Price/Cash Flow	- -	- -	- -	-82.16	46.87	53.99	- -	-2.2	1.21	- -
Price/Cash Flow Average	- -	- -	- -	-65.75	56.97	60.96	- -	-1.85	1.34	- -
Price/Cash Flow High	- -	- -	- -	-88.58	69.13	73.42	- -	-2.35	2.24	- -
Price/Cash Flow Low	- -	- -	- -	-61.39	48.22	50.63	- -	-1.35	1	- -
Price/Free Cash Flow	- -	- -	- -	-82.16	46.87	53.99	- -	-2.35	1.21	- -
Price/Free Cash Flow Average	- -	- -	- -	-65.75	56.97	60.96	- -	-1.98	1.33	- -
Price/Free Cash Flow High	- -	- -	- -	-88.58	69.13	73.42	- -	-2.52	2.24	- -
Price/Free Cash Flow Low	- -	- -	- -	-61.39	48.22	50.63	- -	-1.44	1	- -
EV/Sales	- -	- -	- -	20.18	12.61	14.2	- -	0.04	- -	2.75
EV/Sales Average	- -	- -	- -	16.13	15.12	15.89	- -	- -	- -	2.75
EV/Sales High	- -	- -	- -	21.77	18.16	18.9	- -	0.11	0.45	2.75
EV/Sales Low	- -	- -	- -	15.06	12.94	13.39	- -	- -	- -	2.75
EV/EBITDA	- -	- -	- -	61.99	65.18	- -	- -	- -	- -	- -
EV/EBITDA Average	-3.03	-1.4	-0.92	49.55	78.18	-25.74	- -	- -	- -	- -
EV/EBITDA High	-3.03	-1.4	-0.92	66.85	93.86	-30.62	- -	- -	- -	- -
EV/EBITDA Low	-3.03	-1.4	-0.92	46.25	66.91	-21.69	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	70.91	72.53	- -	- -	- -	- -	- -
EV/EBIT Average	-3.42	-1.51	-1.05	56.67	87.01	-24.84	- -	- -	- -	- -
EV/EBIT High	-3.42	-1.51	-1.05	76.47	104.45	-29.55	- -	- -	- -	- -
EV/EBIT Low	-3.42	-1.51	-1.05	52.9	74.46	-20.93	- -	- -	- -	- -
Last Price	- -	- -	- -	13.45	9.77	8.53	3	3.27	3.5	2.78
High Price	- -	- -	- -	14.5	14.41	11.6	5.25	3.5	6.5	4.09
Low Price	- -	- -	- -	10.05	10.05	8	2.55	2	2.9	1.8
Enterprise Value	-4	-4	-1	59	37	32	-8	- -	-6	18
Enterprise Value Average	-4	-4	-1	47	45	35	-8	-1	-5	18
Enterprise Value High	-4	-4	-1	64	54	42	-8	1	4	18
Enterprise Value Low	-4	-4	-1	44	38	30	-8	-4	-8	18

Per Share Data Items	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y
Shares Outstanding	4	4	4	4	4	3	3	3	3	3
Diluted Weighted Avg Shares	- -	- -	- -	4	4	3	- -	3	3	- -
Basic Weighted Avg Shares	- -	- -	- -	4	4	3	- -	3	3	- -
Revenue per Share	287.1	407.4	296.7	0.66	0.84	0.65	- -	3.39	2.46	- -
EBITDA per Share	140.2	263.9	135.4	0.22	0.16	-0.4	- -	- -	- -	- -
Operating Income per Share	124.1	244.7	118.5	0.19	0.15	-0.42	- -	- -	- -	- -
Basic EPS, GAAP	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -
Basic EPS from Cont Ops	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -
Diluted EPS, GAAP

Mutual Federal Bancorp, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items