Meridian Corporation Financial Ratios — MRBK Stock

Profitability (USD)

	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	12/31/2015	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 (%)	- -	7.75	2.35	7.74	9.1	20.16	23.18	13.7	8.51	9.92	11.76
Return on Assets (%)	- -	0.7	0.38	0.88	0.98	1.84	2.07	1.16	0.61	0.71	0.88
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	1.51	2.89	1.56	2.28	1.25	-1.53	-3.19	0.96	2.45	2.05	-0.65
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	17.51	12.14	9.39	16.82	19.52	25.41	30.64	24.96	16.81	19.39	22.39
Profit Margin (%)	11.48	7.95	4.92	13.09	15.14	19.45	23.55	19.52	13.12	14.55	17.21
Net Income to Common Margin (%)	9.44	6.08	3.03	13.09	15.14	19.45	23.55	19.52	13.12	14.55	17.21
Effective Tax Rate (%)	34.42	34.56	47.6	22.18	22.44	23.45	23.15	21.82	21.95	24.97	23.12
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	5.77	27.2	50.07	42.39	34.27	25.98
Sustainable Growth Rate (%)	- -	7.75	2.35	7.74	9.1	18.99	16.88	6.84	4.9	6.52	8.71

Credit (USD)

Credit Ratios API ChatGPT

	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	12/31/2015	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	99	119	115	125	165	148	41	40	50	55	51
ST Debt	86	106	100	114	124	107	- -	- -	- -	5	2
LT Debt	13	13	15	10	41	41	41	40	50	50	50
Total Debt/EBITDA	121.8	66.52	119.54	87.75	189.89	-71.13	-8.42	37.46	20.12	23.81	-62.55
Net Debt/EBITDA	98.34	56.18	93.69	71.46	167.86	-54.65	-3.54	1.82	-2.77	11.87	-18.97
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.04	7.78	11.84	10.98	10.5	8.23	9.65	7.43	7.04	7.19	7.8
Long-Term Debt/Equity (%)	25.41	19.12	15.16	9.56	33.94	28.72	24.5	26.32	31.54	29	24.96
Long-Term Debt/Capital (%)	8.83	7.08	7.1	4.47	14.36	14.07	19.68	20.84	23.98	21.98	19.86
Long-Term Debt/Total Assets (%)	2.03	1.82	1.8	1.05	3.56	2.36	2.36	1.96	2.22	2.08	1.95
Total Debt/Equity (%)	187.58	169.99	113.57	113.9	136.41	104.17	24.5	26.32	31.54	31.92	25.71
Total Debt/Capital (%)	65.23	62.96	53.18	53.25	57.7	51.02	19.68	20.84	23.98	24.19	20.45
Total Debt/Total Assets (%)	14.97	16.21	13.45	12.51	14.32	8.58	2.36	1.96	2.22	2.29	2
Net Debt to Equity	151.45	143.58	89.01	92.76	120.58	80.03	10.3	1.28	-4.34	15.91	7.8
Net Debt/Capital (%)	60.23	58.95	47.09	48.12	54.66	44.45	9.34	1.26	-4.54	13.72	7.23
EBITDA	1	2	1	1	1	-2	-5	1	2	2	-1
EBITDA-CapEx	-1	-2	-1	- -	- -	-3	-10	-2	1	2	-3
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	12/31/2015	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.04	7.78	11.84	10.98	10.5	8.23	9.65	7.43	7.04	7.19	7.8
Long-Term Debt/Equity (%)	25.41	19.12	15.16	9.56	33.94	28.72	24.5	26.32	31.54	29	24.96
Long-Term Debt/Capital (%)	8.83	7.08	7.1	4.47	14.36	14.07	19.68	20.84	23.98	21.98	19.86
Long-Term Debt/Total Assets (%)	2.03	1.82	1.8	1.05	3.56	2.36	2.36	1.96	2.22	2.08	1.95
Total Debt/Equity (%)	187.58	169.99	113.57	113.9	136.41	104.17	24.5	26.32	31.54	31.92	25.71
Total Debt/Capital (%)	65.23	62.96	53.18	53.25	57.7	51.02	19.68	20.84	23.98	24.19	20.45
Total Debt/Total Assets (%)	14.97	16.21	13.45	12.51	14.32	8.58	2.36	1.96	2.22	2.29	2
CFO/Total Liabilities	-5.53	7.85	1.39	1.24	2.1	-10.04	10.67	4.44	0.9	0.43	1.03
CFO/CapEx	-25.48	14.72	4.35	6.73	28.91	-212.14	30.73	29.13	10.34	16.9	14.03
Altman's Z-Score	0.11	0.11	0.2	0.17	0.18	0.18	0.25	0.17	0.15	0.15	0.17

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	12/31/2015	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	- -	30.42	26.45	22.99	22.93	31.5	28.81	18.08	12.09	11.65	12.27
Days Sales Outstanding	- -	12	13.8	15.87	15.91	11.59	12.67	20.19	30.18	31.33	29.75
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

	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	12/31/2015	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	- -	- -	128	110	129	128	225	174	155	154	206
- Cash & Cash Equivalents	19	18	25	23	19	34	23	38	57	27	36
+ Preferred Equity and Hybrid Capital	13	13	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	99	119	115	125	165	148	41	40	50	55	51
Enterprise Value	69	80	178	159	216	117	82	40	3	7	124
Total Capital	152	189	216	234	285	289	206	194	208	226	251
Total Debt/Capital (%)	65.23	62.96	53.18	53.25	57.7	51.02	19.68	20.84	23.98	24.19	20.45
Total Debt / EV	1.44	1.48	0.65	0.78	0.76	1.26	0.49	1	19.44	7.73	0.41
EV/Sales	1.28	1.3	2.89	2.55	3.12	0.86	0.55	0.36	0.03	0.06	0.98
EV/EBITDA	84.54	44.89	184.78	112	249.26	- -	- -	37.43	1.04	3.08	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	1.54	16.98	14.44	10.02	- -	0.5	0.48	0.14	0.74	5.1
EV/Free Cash Flow to Firm	- -	1.44	13.81	12.57	9.68	- -	0.48	0.46	0.12	0.7	4.76
Diluted Market Cap	- -	- -	75	110	130	129	228	185	158	154	203
Diluted Enterprise Value	93	113	166	212	276	242	245	187	151	181	218
EV per Share	5.7	6.65	13.92	12.43	16.86	9.57	6.74	3.52	0.23	0.63	10.61
TTM Sales	54	62	62	62	69	136	151	112	101	112	127
TTM EBITDA	1	2	1	1	1	-2	-5	1	2	2	-1
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-34	52	10	11	22	-158	165	85	19	10	24
TTM Free Cash Flow to Firm	-32	56	13	13	22	-158	170	88	21	10	26

Multiples (USD)

Valuation Multiples API ChatGPT

	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	12/31/2015	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	- -	- -	5.84	8.72	5.83	-0.82	1.34	2.11	7.65	15.16	7.79
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	69	80	178	159	216	117	82	40	3	7	124
Low Price	- -	- -	8.63	7.63	8.25	5.34	9.25	13.94	7.8	8.26	11.16
EV/Sales	1.28	1.3	2.89	2.55	3.12	0.86	0.55	0.36	0.03	0.06	0.98
EV/EBITDA	84.54	44.89	184.78	112	249.26	- -	- -	37.43	1.04	3.08	- -
Price/Earnings	- -	- -	40.1	13.46	12.35	4.82	6.22	8.18	11.67	9.32	9.12
Price/Earnings Average	- -	- -	37.78	13.83	10.82	3.92	4.66	8.63	10.12	7.88	7.66
Price/Earnings High	- -	- -	42.91	16.3	12.7	6.02	6.44	10.74	14	11.78	9.51
Price/Earnings Low	- -	- -	34.64	11.96	10.09	2.47	3.13	7.53	6.55	5.62	5.79
Price/Book Value	- -	- -	1.26	1	1.07	0.9	1.36	1.13	0.98	0.9	1.03
Price/Book Value Average	- -	- -	1.19	1.03	0.94	0.73	1.02	1.2	0.85	0.76	0.86
Price/Book Value High	- -	- -	1.35	1.22	1.1	1.13	1.41	1.49	1.18	1.14	1.07
Price/Book Value Low	- -	- -	1.09	0.89	0.88	0.46	0.68	1.04	0.55	0.54	0.65
Price/Tangible Book Value	- -	- -	1.33	1.05	1.12	0.93	1.39	1.16	1.01	0.92	1.05
Price/Tangible Book Value Average	- -	- -	1.26	1.08	0.98	0.76	1.04	1.23	0.87	0.78	0.88
Price/Tangible Book Value High	- -	- -	1.43	1.28	1.15	1.16	1.44	1.53	1.21	1.16	1.09
Price/Tangible Book Value Low	- -	- -	1.15	0.94	0.91	0.48	0.7	1.07	0.57	0.55	0.66
Price/Sales	- -	- -	1.21	1.76	1.87	0.94	1.47	1.6	1.53	1.36	1.57
Price/Sales Average	- -	- -	1.14	1.81	1.64	0.76	1.1	1.68	1.33	1.15	1.32
Price/Sales High	- -	- -	1.3	2.13	1.92	1.17	1.52	2.1	1.84	1.71	1.64
Price/Sales Low	- -	- -	1.05	1.57	1.53	0.48	0.74	1.47	0.86	0.82	1
Price/Cash Flow	- -	- -	7.14	9.96	6	-0.8	1.34	2.11	8.19	15.88	8.19
Price/Cash Flow Average	- -	- -	6.72	10.24	5.26	-0.65	1	2.22	7.11	13.42	6.89
Price/Cash Flow High	- -	- -	7.64	12.06	6.17	-1	1.39	2.77	9.83	20.07	8.54
Price/Cash Flow Low	- -	- -	6.17	8.85	4.9	-0.41	0.67	1.94	4.6	9.56	5.2
Price/Free Cash Flow Average	- -	- -	5.51	8.96	5.11	-0.66	1	2.23	6.64	12.82	6.55
Price/Free Cash Flow High	- -	- -	6.25	10.55	6	-1.02	1.39	2.77	9.19	19.17	8.12
Price/Free Cash Flow Low	- -	- -	5.05	7.74	4.76	-0.42	0.67	1.94	4.3	9.14	4.95
EV/Sales Average	1.73	1.83	3.42	3.44	3.74	1.6	1.23	1.66	1.27	1.4	1.48
EV/Sales High	1.73	1.83	3.68	3.77	4.03	2.01	1.65	2.06	1.78	1.98	1.81
EV/Sales Low	1.73	1.83	3.26	3.2	3.63	1.32	0.86	1.45	0.8	1.07	1.15
EV/EBITDA Average	114.1	63.36	218.65	151	298.63	-104.77	-38.48	171.9	51.68	68.54	-229.34
EV/EBITDA High	114.1	63.36	235.61	165.18	321.43	-131.57	-51.86	213.56	72.54	96.59	-279.98
EV/EBITDA Low	114.1	63.36	208.26	140.21	289.8	-86.24	-27.02	150.22	32.45	52.25	-177.88
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	9.99	8.59	10.1	10.4	18.39	15.15	13.9	13.71	17.58
High Price	- -	- -	10.69	10.4	10.39	13	19.04	19.89	16.68	17.33	18.33
Enterprise Value Average	93	113	211	215	259	217	185	185	128	158	188
Enterprise Value High	93	113	227	235	279	273	250	230	180	222	230
Enterprise Value Low	93	113	201	199	251	179	130	162	80	120	146

Shares Outstanding	12	12	13	13	13	12	12	11	11	11	12
Diluted Weighted Avg Shares	5	5	8	13	13	12	12	12	11	11	12
Basic Weighted Avg Shares	5	5	7	13	13	12	12	12	11	11	11
Revenue per Share	11.45	13.16	8.23	4.87	5.4	11.1	12.55	9.49	9.08	10.11	11.2
EBITDA per Share	0.17	0.38	0.13	0.11	0.07	-0.17	-0.4	0.09	0.22	0.21	-0.07
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.08	0.8	0.25	0.64	0.82	2.16	2.96	1.85	1.19	1.47	1.93
Basic EPS from Cont Ops	1.31	1.05	0.41	0.64	0.82	2.16	2.96	1.85	1.19	1.47	1.93
Diluted EPS, GAAP	1.08	0.8	0.25	0.64	0.81	2.14	2.87	1.79	1.16	1.45	1.89
Diluted EPS from Cont Ops	1.31	1.05	0.4	0.64	0.81	2.14	2.87	1.79	1.16	1.45	1.89
Dividend per Share	0.23	0.25	0.16	- -	- -	0.12	0.8	0.93	0.51	0.5	0.5
Cash Flow per Share	-7.17	11.08	1.4	0.86	1.68	-12.94	13.72	7.18	1.7	0.86	2.15
Free Cash Flow per Basic Share	-7.45	10.32	1.08	0.73	1.63	-13	13.27	6.93	1.53	0.81	1.99
Cash & Equivalents per Share	3.58	4.26	5.08	5.9	6.08	12.86	14.96	15.15	18.13	17.95	11.37
Book Value per Share	3.32	4.73	7.93	8.55	9.42	11.54	13.54	13.37	14.13	15.26	17.08
Tangible Book Value per Share	3.32	4.73	7.5	8.16	9.05	11.17	13.19	13.01	13.78	14.93	16.79

Meridian Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)