Merchants & Marine Bancorp, Inc. Financial Ratios — MNMB

Profitability (USD)

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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 (%)	- -	9.7	6.62	9.51	7.72	8.18	5.09	6.03	5.58	5.04	2.67	3.9	8.41	7.28	4.2
Return on Assets (%)	- -	1.06	0.75	1.03	0.78	0.9	0.63	0.77	0.73	0.66	0.33	0.44	0.88	0.85	0.52
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	9.7	6.62	9.51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	44.27	34.45	29.02	32.6	5.12	4.72	4.64	4.66	5.29	5.65	5.92	5.83	4.27	4.34	4.41
Operating Margin (%)	40.3	29.33	22.24	26.81	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	280.78	92.85	62.02	-1,035.29	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	40.3	29.33	22.24	26.81	22.32	28.46	24.94	21.48	20.37	19.65	9.53	9.76	18.19	15.52	10.78
Profit Margin (%)	27.11	19.94	15.52	20.39	16.7	22.32	15.6	18.79	17.27	15.91	8.03	9.8	14.78	13.1	9.3
Net Income to Common Margin (%)	27.11	19.94	15.52	20.39	16.7	22.32	15.6	18.79	17.27	15.91	8.03	9.8	14.78	11.93	7.11
Effective Tax Rate (%)	32.74	32.02	30.23	23.95	25.16	21.59	37.45	12.54	15.22	19.02	15.81	- -	18.74	15.6	13.71
Dvd Payout Ratio (%)	26.71	37.97	54.24	36.54	43.47	35.83	52.88	45.15	46.48	48.02	88.3	64.91	31.98	35.67	58.96
Sustainable Growth Rate (%)	- -	6.02	3.03	6.04	4.36	5.25	2.4	3.31	2.99	2.62	0.31	1.37	5.72	4.68	1.72

Credit (USD)

Credit Ratios API ChatGPT

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	51	- -	201
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	50	- -	201
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	1	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.4	0.32	0.39	0.3	29.05	0.2	99.02
Net Debt/EBITDA	-1.85	-2.21	-2.33	-2.55	-57.48	-52	-32.96	-23.06	-40.17	-91.45	-107.04	-16.31	16.42	-18.9	59.34
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-2.03	-2.6	-3.04	-3.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.54	11.25	11.32	10.4	9.84	12.05	12.64	12.78	13.45	12.66	12.11	10.24	10.66	10.55	8.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.66	0.56	0.77	0.44	0.47	0.31	0.14
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.65	0.55	0.77	0.44	0.33	0.3	0.05
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.09	0.07	0.09	0.08	0.08	0.05	0.02
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.66	0.56	0.77	0.44	40.88	0.31	153.52
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.65	0.55	0.77	0.44	29.02	0.3	60.55
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.09	0.07	0.09	0.08	7.37	0.05	21.43
Net Debt to Equity	-41.84	-36.82	-28.34	-38.22	-133.22	-81.07	-49.02	-34.26	-65.97	-159.52	-210.11	-23.85	23.1	-29.49	92
Net Debt/Capital (%)	-71.94	-58.29	-39.56	-61.87	401	-428.19	-96.15	-52.11	-190.2	270.55	192.17	-31.14	27.78	-41.64	47.88
EBITDA	11	8	6	8	1	1	1	1	1	1	2	2	2	2	2
EBITDA-CapEx	8	4	6	8	1	-1	- -	-2	-1	-1	-2	- -	-3	-2	-7
Operating Income (Loss)	10	7	5	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.54	11.25	11.32	10.4	9.84	12.05	12.64	12.78	13.45	12.66	12.11	10.24	10.66	10.55	8.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.66	0.56	0.77	0.44	0.47	0.31	0.14
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.65	0.55	0.77	0.44	0.33	0.3	0.05
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.09	0.07	0.09	0.08	0.08	0.05	0.02
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.66	0.56	0.77	0.44	40.88	0.31	153.52
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.65	0.55	0.77	0.44	29.02	0.3	60.55
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.09	0.07	0.09	0.08	7.37	0.05	21.43
CFO/Total Liabilities	1.8	1.59	0.8	1.76	1.28	0.99	1.13	1.22	1.43	0.72	0.57	0.72	1.32	1.46	0.71
CFO/CapEx	2.33	1.48	6.7	70.4	14.12	3.14	6.36	1.85	2.74	1.56	0.86	1.81	1.57	2.45	0.63
Altman's Z-Score	0.22	0.22	0.19	0.2	0.15	0.18	0.25	0.26	0.26	0.23	0.23	0.24	0.27	0.26	0.2

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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

- -

Days Sales Outstanding

- -

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)

Enterprise Value API ChatGPT

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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	- -	- -	- -	- -	- -	- -	53	52	53	47	52	52	63	56	51
- Cash & Cash Equivalents	20	18	14	20	73	55	35	24	51	131	173	29	71	37	80
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	51	51	51	51
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	51	- -	201
Enterprise Value	-20	-18	-14	-20	-73	-193	-121	-103	-127	-190	-227	-94	-10	-29	-26
Total Capital	48	49	51	52	55	68	70	71	78	82	83	121	174	126	332
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.65	0.55	0.77	0.44	29.02	0.3	60.55
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.01	-4.82	-0.01	-7.78
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.54	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.45	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.08	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.74	- -
Diluted Market Cap	- -	- -	- -	- -	- -	45	53	52	53	47	52	52	63	56	51
Diluted Enterprise Value	-20	-18	-14	-20	-73	-11	18	27	3	-83	-120	74	92	70	223
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	52.34	- -
TTM Sales	25	24	21	24	25	22	23	23	24	25	27	30	41	45	46
TTM EBITDA	11	8	6	8	1	1	1	1	1	1	2	2	2	2	2
TTM Operating Income	10	7	5	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	7	6	3	8	6	5	6	6	7	4	3	4	7	9	6
TTM Free Cash Flow to Firm	11	10	4	8	7	6	6	9	10	7	7	6	12	12	15

Multiples (USD)

Valuation Multiples API ChatGPT

	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011	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	- -	- -	- -	- -	- -	6.89	8.22	5.66	5.48	7.04	7.07	8.17	5.15	4.63	3.44
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-20	-18	-14	-20	-73	-193	-121	-103	-127	-190	-227	-94	-10	-29	-26
Low Price	- -	- -	- -	- -	- -	25	34.5	33.16	37.12	28	35.11	36.25	35.05	42.2	37.25
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.54	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.45	- -
Price/Earnings	- -	- -	- -	- -	- -	8.89	14.91	12.15	12.82	11.63	23.84	17.49	10.38	10.39	15.65
Price/Earnings Average	- -	- -	- -	- -	- -	7.76	13.74	12.4	12.44	11.73	24.05	17.23	9.02	11.2	16.45
Price/Earnings High	- -	- -	- -	- -	- -	8.89	14.91	13.4	12.92	13.74	28.05	18.3	11.37	12.68	17.88
Price/Earnings Low	- -	- -	- -	- -	- -	6.63	13.02	10.33	11.9	9.27	21.41	16.26	7.74	10.39	15.14
Price/Book Value	- -	- -	- -	- -	- -	- -	0.75	0.73	0.69	0.57	0.63	0.74	0.85	0.74	0.64
Price/Book Value Average	- -	- -	- -	- -	- -	- -	0.69	0.74	0.67	0.58	0.64	0.73	0.74	0.8	0.67
Price/Book Value High	- -	- -	- -	- -	- -	- -	0.75	0.8	0.69	0.67	0.75	0.77	0.94	0.91	0.73
Price/Book Value Low	- -	- -	- -	- -	- -	- -	0.65	0.62	0.64	0.46	0.57	0.69	0.64	0.74	0.62
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	0.78	0.76	0.71	0.6	0.67	0.79	0.91	0.89	0.74
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	0.72	0.77	0.69	0.61	0.68	0.78	0.79	0.96	0.78
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	0.78	0.84	0.72	0.71	0.79	0.83	1	1.08	0.85
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	0.68	0.64	0.66	0.48	0.6	0.73	0.68	0.89	0.72
Price/Sales	- -	- -	- -	- -	- -	1.98	2.32	2.28	2.21	1.85	1.91	1.71	1.53	1.24	1.11
Price/Sales Average	- -	- -	- -	- -	- -	1.73	2.14	2.33	2.15	1.87	1.93	1.69	1.33	1.34	1.17
Price/Sales High	- -	- -	- -	- -	- -	1.98	2.32	2.52	2.23	2.19	2.25	1.79	1.68	1.51	1.27
Price/Sales Low	- -	- -	- -	- -	- -	1.48	2.03	1.94	2.05	1.48	1.72	1.59	1.14	1.24	1.08
Price/Cash Flow	- -	- -	- -	- -	- -	9.08	9.51	8.72	7.48	11.55	15.24	12.7	8.43	6.51	8.88
Price/Cash Flow Average	- -	- -	- -	- -	- -	7.93	8.77	8.9	7.26	11.66	15.38	12.51	7.33	7.02	9.34
Price/Cash Flow High	- -	- -	- -	- -	- -	9.08	9.51	9.61	7.54	13.66	17.93	13.28	9.24	7.95	10.15
Price/Cash Flow Low	- -	- -	- -	- -	- -	6.78	8.31	7.41	6.94	9.21	13.69	11.8	6.29	6.51	8.6
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	6.01	7.57	5.77	5.32	7.11	7.13	8.05	4.48	4.99	3.61
Price/Free Cash Flow High	- -	- -	- -	- -	- -	6.89	8.22	6.24	5.52	8.33	8.32	8.55	5.65	5.65	3.93
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	5.14	7.18	4.81	5.09	5.62	6.35	7.6	3.84	4.63	3.32
EV/Sales Average	- -	- -	- -	- -	- -	- -	0.62	1.25	0.04	- -	- -	2.42	2.06	1.64	4.89
EV/Sales High	- -	- -	- -	- -	- -	- -	0.8	1.44	0.12	- -	- -	2.52	2.41	1.82	4.99
EV/Sales Low	- -	- -	- -	- -	- -	- -	0.5	0.87	- -	- -	- -	2.32	1.87	1.54	4.8
EV/EBITDA Average	-1.85	-2.21	-2.33	-2.55	-57.48	-52	13.3	26.91	0.8	-58.1	-74.09	41.52	48.31	37.79	110.82
EV/EBITDA High	-1.85	-2.21	-2.33	-2.55	-57.48	-52	17.24	30.93	2.36	-52.44	-68.68	43.31	56.44	41.87	113.14
EV/EBITDA Low	-1.85	-2.21	-2.33	-2.55	-57.48	-52	10.89	18.58	-0.97	-65.03	-77.67	39.88	43.87	35.57	108.72
EV/EBIT Average	-2.03	-2.6	-3.04	-3.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	-2.03	-2.6	-3.04	-3.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	-2.03	-2.6	-3.04	-3.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	33.5	39.5	39	40	35.11	39.1	39	47	42.2	38.5
High Price	- -	- -	- -	- -	- -	33.5	39.5	43	40.3	41.5	46	40.8	51.5	51.5	43.99
Enterprise Value Average	-20	-18	-14	-20	-73	-55	14	29	1	-83	-119	73	84	74	225
Enterprise Value High	-20	-18	-14	-20	-73	-55	18	33	3	-75	-111	77	98	82	230
Enterprise Value Low	-20	-18	-14	-20	-73	-55	11	20	-1	-93	-125	71	76	70	221

Shares Outstanding	1	1	1	1	1	- -	1	1	1	1	1	1	1	1	1
Diluted Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Basic Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Revenue per Share	18.63	17.85	16.05	18.15	18.62	16.89	16.99	17.08	18.07	18.98	20.43	22.76	30.65	34.03	34.61
EBITDA per Share	8.25	6.15	4.66	5.92	0.95	0.8	0.79	0.8	0.96	1.07	1.21	1.33	1.31	1.48	1.53
Operating Income per Share	7.51	5.24	3.57	4.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	5.05	3.56	2.49	3.7	3.11	3.77	2.65	3.21	3.12	3.02	1.64	2.23	4.53	4.06	2.46
Basic EPS from Cont Ops	5.05	3.56	2.49	3.7	3.11	3.77	2.65	3.21	3.12	3.02	1.64	2.23	4.53	4.46	3.22
Diluted EPS, GAAP	5.05	3.56	2.49	3.7	3.11	3.77	2.65	3.21	3.12	3.02	1.64	2.23	4.53	4.06	2.46
Diluted EPS from Cont Ops	5.05	3.56	2.49	3.7	3.11	3.77	2.65	3.21	3.12	3.02	1.64	2.23	4.53	4.46	3.22
Dividend per Share	1.35	1.35	1.35	1.35	1.35	1.35	1.4	1.45	1.45	1.45	1.45	1.45	1.45	1.85	2.21
Cash Flow per Share	5.57	4.63	2.4	5.99	4.83	3.69	4.15	4.47	5.35	3.04	2.57	3.07	5.57	6.48	4.33
Free Cash Flow per Basic Share	3.18	1.5	2.04	5.9	4.48	2.51	3.5	2.05	3.4	1.09	-0.4	1.37	2.02	3.84	-2.54
Cash & Equivalents per Share	15.24	13.58	10.86	15.04	54.72	- -	130.58	116.1	135.59	178.31	210.09	148.09	130.94	102.56	247.19
Book Value per Share	36.41	36.88	38.32	39.35	41.07	- -	52.91	53.6	58.25	61.5	61.72	52.84	54.99	56.72	60.48
Tangible Book Value per Share	35.75	36.22	37.66	38.69	38.84	- -	50.79	51.48	56.13	58.08	58.31	49.43	51.49	47.53	51.7

Merchants & Marine Bancorp, Inc.