OFG Bancorp Financial Ratios — OFG 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 (%)	27.55	12.21	54.62	33.95	-7.52	20.99	16.03	25.56	14.51	19.39	35.35	32.09	28.52	25.89	22.83
Return on Assets (%)	0.49	0.31	1.13	1.09	-0.03	0.87	0.83	1.32	0.68	0.78	1.48	1.69	1.72	1.73	1.71
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 (%)	3.34	2.54	3.21	3.1	4.1	3.38	3.02	2.87	2.56	4.91	4.81	4.3	4.26	4.05	3.73
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	20.96	13.94	22.36	30.67	-6.32	25.91	19.66	37.26	19.86	19.59	43.16	43.2	41.44	38.39	34.42
Profit Margin (%)	20.45	12.29	24.52	21.34	-0.79	18	15.2	23.68	14.21	15.35	29.39	29.42	28.41	29.98	30.15
Net Income to Common Margin (%)	17.6	7.31	21.07	17.87	-5.16	13.79	11.2	20.31	12.49	14.01	29.14	29.42	28.41	29.98	30.15
Effective Tax Rate (%)	2.45	11.85	- -	30.43	- -	30.52	22.68	36.44	28.45	21.62	31.9	31.9	31.43	21.9	12.39
Dvd Payout Ratio (%)	30.88	68.87	12.76	20.3	-108.52	22.37	27.21	17.68	30.37	21.21	13.61	18.1	22.55	23.03	25.29
Sustainable Growth Rate (%)	19.04	3.8	47.65	27.06	-15.68	16.29	11.67	21.04	10.1	15.28	30.54	26.28	22.09	19.92	17.06

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	430	791	440	440	437	142	136	115	155	135	95	54	225	347	480
ST Debt	- -	92	- -	- -	- -	- -	- -	34	41	30	28	27	1	271	57
LT Debt	430	699	440	440	437	142	136	81	114	105	67	28	224	76	423
Total Debt/EBITDA	76.43	155.94	34.11	35.57	33.59	12.76	12.99	11.25	16.02	5.68	3.97	2.24	8.24	12.97	18.9
Net Debt/EBITDA	-28.78	-15.23	-14.07	-10.79	-7.68	-33.24	-33.4	-32.51	-76.01	-86.37	-81.86	-21.52	-20.06	-9.9	-22.99
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.73	1.34	2.28	3.14	2.84	3.54	4.1	4.75	3.65	3.66	4.64	5.87	6.16	7.23	7.74
Long-Term Debt/Equity (%)	61.77	80.96	49.7	46.69	48.7	15.38	14.38	8.12	10.95	9.63	6.23	2.66	18.77	6.09	30.44
Long-Term Debt/Capital (%)	70.02	64.1	54.83	51.77	53.64	25.84	24.03	15.61	19.52	17.82	12	4.39	24.25	6.48	29.3
Long-Term Debt/Total Assets (%)	6.42	7.59	5.39	5.91	6.15	2.18	2.2	1.23	1.23	1.06	0.67	0.28	1.97	0.66	3.39
Total Debt/Equity (%)	61.77	91.64	49.7	46.69	48.7	15.38	14.38	11.49	14.84	12.42	8.89	5.22	18.84	27.69	34.51
Total Debt/Capital (%)	70.02	72.55	54.83	51.77	53.64	25.84	24.03	22.11	26.44	22.99	17.13	8.63	24.33	29.46	33.22
Total Debt/Total Assets (%)	6.42	8.59	5.39	5.91	6.15	2.18	2.2	1.75	1.67	1.37	0.96	0.55	1.98	3.02	3.85
Net Debt to Equity	-23.26	-8.95	-20.51	-14.17	-11.13	-40.07	-36.96	-33.22	-70.4	-188.94	-183.22	-50.2	-45.87	-21.14	-42
Net Debt/Capital (%)	-730.85	-34.79	-100.32	-48.33	-35.97	-981.14	-435.67	-456.15	278.11	130.92	133.39	-651.22	-311.32	-45.09	-144.52
EBITDA	6	5	13	12	13	11	10	10	10	24	24	24	27	27	25
EBITDA-CapEx	2	3	4	4	8	6	4	-1	-3	8	1	-7	9	-15	7
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	1.73	1.34	2.28	3.14	2.84	3.54	4.1	4.75	3.65	3.66	4.64	5.87	6.16	7.23	7.74
Long-Term Debt/Equity (%)	61.77	80.96	49.7	46.69	48.7	15.38	14.38	8.12	10.95	9.63	6.23	2.66	18.77	6.09	30.44
Long-Term Debt/Capital (%)	70.02	64.1	54.83	51.77	53.64	25.84	24.03	15.61	19.52	17.82	12	4.39	24.25	6.48	29.3
Long-Term Debt/Total Assets (%)	6.42	7.59	5.39	5.91	6.15	2.18	2.2	1.23	1.23	1.06	0.67	0.28	1.97	0.66	3.39
Total Debt/Equity (%)	61.77	91.64	49.7	46.69	48.7	15.38	14.38	11.49	14.84	12.42	8.89	5.22	18.84	27.69	34.51
Total Debt/Capital (%)	70.02	72.55	54.83	51.77	53.64	25.84	24.03	22.11	26.44	22.99	17.13	8.63	24.33	29.46	33.22
Total Debt/Total Assets (%)	6.42	8.59	5.39	5.91	6.15	2.18	2.2	1.75	1.67	1.37	0.96	0.55	1.98	3.02	3.85
CFO/Total Liabilities	-0.66	0.6	2.39	2.69	1.57	1.41	2.89	2.39	1.33	0.4	1.13	1.87	2.91	2.46	1.97
CFO/CapEx	-11.74	26.07	19.06	22.13	18.38	14.82	23.41	11.61	8.45	2.29	4.34	5.31	16.56	6.05	11.84
Altman's Z-Score	0.08	0.06	0.12	0.14	0.1	0.14	0.14	0.18	0.16	0.15	0.19	0.22	0.24	0.27	0.26

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	6.89	11.47	24.05	19.92	15.11	16.09	9.87	8.46	10.62	9.43	8.14	9.5	9.57	9.24	18.98
Days Sales Outstanding	52.96	31.82	15.18	18.32	24.15	22.69	36.99	43.13	34.38	38.71	44.82	38.42	38.15	39.5	19.23
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	403	424	614	593	264	482	355	654	1,075	866	1,246	1,252	1,727	1,974	1,826
- Cash & Cash Equivalents	591	869	621	573	537	510	485	447	851	2,154	2,023	550	748	591	1,040
+ Preferred Equity and Hybrid Capital	68	176	176	176	176	176	176	92	92	92	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	430	791	440	440	437	142	136	115	155	135	95	54	225	347	480
Enterprise Value	-2,651	-1,672	-980	-582	-634	-462	-464	-428	-603	-1,508	-695	447	906	1,729	1,264
Total Capital	614	1,091	802	850	814	548	565	520	587	587	555	631	924	1,179	1,444
Total Debt/Capital (%)	70.02	72.55	54.83	51.77	53.64	25.84	24.03	22.11	26.44	22.99	17.13	8.63	24.33	29.46	33.22
Total Debt / EV	-0.16	-0.47	-0.45	-0.76	-0.69	-0.31	-0.29	-0.27	-0.26	-0.09	-0.14	0.12	0.25	0.2	0.38
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.79	1.42	2.62	1.86
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.37	33.21	64.54	49.77
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.72	3.06	6.85	5.8
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.29	2.89	5.88	5.35
Diluted Market Cap	403	461	713	689	307	561	413	740	1,083	866	1,257	1,262	1,738	1,985	1,834
Diluted Enterprise Value	309	560	707	731	383	368	240	500	479	-1,061	-672	766	1,214	1,741	1,274
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.3	19.17	37.07	28.36
TTM Sales	168	200	401	399	317	329	346	356	379	484	497	565	640	661	680
TTM EBITDA	6	5	13	12	13	11	10	10	10	24	24	24	27	27	25
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-40	50	174	175	97	79	151	133	110	35	100	164	296	252	218
TTM Free Cash Flow to Firm	-36	52	183	183	102	84	158	145	123	50	123	195	314	294	236

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	-11.09	8.84	3.9	3.76	3	6.69	2.61	5.11	8.83	17.25	10.21	6.46	5.54	6.75	7.77
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-2,651	-1,672	-980	-582	-634	-462	-464	-428	-603	-1,508	-695	447	906	1,729	1,264
Low Price	9.06	9.76	13.43	14.05	6.3	4.56	7.8	8.5	16.12	8.63	16	24.39	22.34	33.19	33.15
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.79	1.42	2.62	1.86
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.37	33.21	64.54	49.77
Price/Earnings	13.59	28.99	7.26	8.31	- -	10.64	9.15	9.04	22.71	12.77	8.6	7.53	9.49	9.96	8.9
Price/Earnings Average	12.84	24.36	6.81	8.05	-25.86	7.34	9.98	7.78	19.85	10.06	7.43	7.33	7.26	9.22	9.05
Price/Earnings High	19.82	38.02	10.45	12.06	-48.19	14.03	15.69	11.7	27.06	18.05	9.75	8.94	10	11.22	10.02
Price/Earnings Low	13.61	27.8	7.26	8.87	-17.03	4.42	8.84	5.33	17.48	6.56	5.63	7.05	5.8	7.81	7.2
Price/Book Value	3.47	3.43	3.3	2.53	1.31	2.09	1.4	2.09	3.17	2.41	2.71	2.17	2.47	2.37	1.89
Price/Book Value Average	3.28	2.89	3.09	2.46	2.1	1.44	1.53	1.8	2.77	1.9	2.34	2.11	1.89	2.2	1.92
Price/Book Value High	5.07	4.5	4.74	3.68	3.91	2.76	2.4	2.71	3.77	3.4	3.07	2.58	2.6	2.67	2.13
Price/Book Value Low	3.48	3.29	3.29	2.71	1.38	0.87	1.35	1.23	2.44	1.24	1.77	2.03	1.51	1.86	1.53
Price/Tangible Book Value	0.66	0.74	1.03	0.9	0.43	0.75	0.53	0.81	1.42	1.06	1.39	1.42	1.66	1.82	1.48
Price/Tangible Book Value Average	0.62	0.62	0.96	0.87	0.68	0.52	0.58	0.7	1.24	0.84	1.2	1.39	1.27	1.68	1.51
Price/Tangible Book Value High	0.96	0.96	1.48	1.31	1.27	0.99	0.91	1.05	1.69	1.5	1.57	1.69	1.75	2.05	1.67
Price/Tangible Book Value Low	0.66	0.71	1.03	0.96	0.45	0.31	0.51	0.48	1.09	0.55	0.91	1.33	1.02	1.43	1.2
Price/Sales	2.39	2.12	1.53	1.48	0.83	1.47	1.03	1.84	2.84	1.79	2.51	2.22	2.7	2.99	2.68
Price/Sales Average	2.26	1.78	1.44	1.44	1.33	1.01	1.12	1.58	2.48	1.41	2.17	2.16	2.06	2.76	2.73
Price/Sales High	3.49	2.78	2.2	2.15	2.49	1.93	1.76	2.38	3.38	2.53	2.84	2.63	2.84	3.36	3.02
Price/Sales Low	2.39	2.03	1.53	1.58	0.88	0.61	0.99	1.08	2.18	0.92	1.64	2.07	1.65	2.34	2.17
Price/Cash Flow	-10.14	8.43	3.53	3.39	2.72	6.14	2.34	4.91	9.81	24.77	12.46	7.61	5.84	7.82	8.39
Price/Cash Flow Average	-9.58	7.09	3.32	3.28	4.36	4.24	2.56	4.22	8.57	19.52	10.76	7.41	4.47	7.23	8.53
Price/Cash Flow High	-14.79	11.06	5.08	4.91	8.12	8.1	4.02	6.35	11.68	35.01	14.12	9.03	6.15	8.8	9.44
Price/Cash Flow Low	-10.15	8.09	3.53	3.61	2.87	2.55	2.26	2.89	7.55	12.73	8.15	7.12	3.57	6.13	6.78
Price/Free Cash Flow Average	-10.48	7.43	3.65	3.65	4.81	4.62	2.85	4.4	7.72	13.59	8.82	6.29	4.24	6.24	7.9
Price/Free Cash Flow High	-16.17	11.59	5.6	5.46	8.96	8.83	4.48	6.61	10.53	24.37	11.57	7.66	5.83	7.6	8.74
Price/Free Cash Flow Low	-11.1	8.48	3.89	4.02	3.17	2.78	2.52	3.01	6.8	8.86	6.68	6.04	3.39	5.29	6.28
EV/Sales Average	1.7	2.28	1.42	1.54	1.57	0.43	0.62	0.91	0.89	- -	- -	1.28	1.24	2.4	1.91
EV/Sales High	2.93	3.28	2.19	2.26	2.73	1.35	1.26	1.7	1.79	- -	- -	1.75	2.02	2.99	2.2
EV/Sales Low	1.84	2.53	1.52	1.69	1.12	0.02	0.49	0.41	0.59	- -	- -	1.2	0.83	1.97	1.35
EV/EBITDA Average	51.03	89.61	44.26	49.85	38.39	12.61	20.45	31.63	34.64	-52.41	-35.6	29.73	29.21	59.1	51.05
EV/EBITDA High	87.85	128.95	68.09	72.97	66.49	39.92	41.61	59.37	69.88	-29.61	-21.54	40.71	47.45	73.88	58.84
EV/EBITDA Low	55.06	99.51	47.18	54.58	27.28	0.67	16.2	14.27	23.07	-62.4	-46.51	27.79	19.51	48.68	36.1
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	9.05	10.18	13.44	13.16	5.97	10.98	8.08	14.41	20.94	16.8	24.46	26.06	36.54	42.32	40.98
High Price	13.2	13.35	19.33	19.1	17.83	14.48	13.85	18.65	24.95	23.74	27.73	30.93	38.47	47.66	46.11
Enterprise Value Average	287	455	571	617	499	140	214	323	335	-1,245	-852	723	797	1,583	1,296
Enterprise Value High	494	654	878	902	865	443	435	607	677	-703	-515	990	1,295	1,979	1,494
Enterprise Value Low	310	505	608	675	355	7	169	146	223	-1,482	-1,113	676	532	1,304	916

	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	41	46	46	45	44	44	44	51	51	51	50	48	47	45	43
Diluted Weighted Avg Shares	45	45	53	52	51	51	51	51	52	52	51	48	48	47	45
Basic Weighted Avg Shares	45	42	46	45	44	44	44	45	51	52	51	48	47	47	45
Revenue per Share	3.78	4.8	8.78	8.87	7.17	7.49	7.88	7.85	7.38	9.39	9.76	11.76	13.55	14.17	15.27
EBITDA per Share	0.13	0.12	0.28	0.27	0.29	0.25	0.24	0.23	0.19	0.46	0.47	0.51	0.58	0.57	0.57
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.67	0.35	1.85	1.58	-0.37	1.03	0.88	1.59	0.92	1.32	2.84	3.46	3.85	4.25	4.6
Basic EPS from Cont Ops	0.77	0.59	2.15	1.89	-0.06	1.35	1.2	1.86	1.05	1.44	2.87	3.46	3.85	4.25	4.6
Diluted EPS, GAAP	0.67	0.32	1.59	1.36	-0.32	0.89	0.76	1.41	0.92	1.32	2.82	3.43	3.82	4.23	4.58
Diluted EPS from Cont Ops	0.77	0.54	1.86	1.63	-0.05	1.16	1.03	1.64	1.04	1.44	2.85	3.43	3.82	4.23	4.58
Dividend per Share	0.31	0.48	0.54	0.63	0.71	0.55	0.56	0.55	0.41	0.41	0.41	0.63	0.87	0.98	1.16
Cash Flow per Share	-0.89	1.21	3.8	3.89	2.19	1.79	3.45	2.94	2.14	0.68	1.96	3.42	6.26	5.41	4.89
Free Cash Flow per Basic Share	-0.97	1.16	3.6	3.71	2.08	1.67	3.3	2.68	1.88	0.38	1.51	2.78	5.88	4.52	4.47
Cash & Equivalents per Share	79.76	73.58	48.35	39.76	34.17	28.74	25.74	28.39	37.51	50.44	39.96	17.89	22.12	12.7	23.39
Book Value per Share	2.6	2.96	4.08	5.19	4.56	5.25	5.77	6.89	6.61	6.98	9.02	12	14.8	17.84	21.65
Tangible Book Value per Share	13.77	13.84	13.06	14.58	14.01	14.63	15.21	17.79	14.8	15.8	17.62	18.31	21.99	23.26	27.6

OFG Bancorp

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)