Preferred Bank Financial Ratios — PFBC 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 (%)	- -	14.17	10.1	11.64	12.65	13.84	13.87	18.85	17.98	14.21	17.38	20.29	20.15	15.38	14.16
Return on Assets (%)	0.95	1.67	1.16	1.29	1.28	1.25	1.24	1.78	1.77	1.42	1.7	2.07	2.29	1.92	1.84
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	9.26	10.21	10.9	10.18	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	1.95	8.09	49.34	54.58	57.64	55.72	0.73	0.58	0.79	1.06	0.98	0.74	0.59	0.76	0.62
Operating Margin (%)	- -	6.76	48.28	53.94	56.94	54.86	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	162.74	30.68	170.35	89.03	75.11	45.99	-228.28	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	18.94	6.76	48.28	53.94	56.94	54.86	59.63	60.55	65.19	53.75	69.12	70.44	71.59	64.81	66.88
Profit Margin (%)	32.24	49.06	29.44	32.47	33.72	33.42	32.15	43.55	45.86	38.55	49.19	50.65	51.18	46.01	47.15
Net Income to Common Margin (%)	32.24	49.06	29.44	32.47	33.72	33.42	32.15	43.55	45.86	38.55	49.19	50.65	51.18	46.01	47.15
Effective Tax Rate (%)	- -	- -	39.03	39.79	40.78	39.08	46.08	28.07	29.65	28.28	28.83	28.1	28.5	29	29.5
Dvd Payout Ratio (%)	- -	- -	- -	5.48	21.19	23.2	25.43	22.01	23.34	25.79	22.5	19.51	20.76	28.7	28.62
Sustainable Growth Rate (%)	- -	14.17	10.1	11	9.97	10.63	10.34	14.7	13.79	10.54	13.47	16.33	15.97	10.97	10.11

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	26	- -	20	20	27	125	105	100	120	118	171	169	168	165	384
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	26	- -	20	20	27	125	105	100	120	118	171	169	168	165	384
Total Debt/EBITDA	35.22	- -	0.62	0.48	0.52	2.07	106.43	105.35	89.2	61.82	90.04	89.39	97.67	76.92	219.57
Net Debt/EBITDA	-157.82	-38.59	-6.42	-4.72	-5.3	-2.98	-344.91	-447.39	-297.64	-335.32	-465.88	-317.21	-431.76	-286.86	-262.24
Total Debt/EBIT	- -	- -	0.64	0.49	0.53	2.1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-46.21	-6.56	-4.78	-5.37	-3.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	11.95	11.6	11.3	10.84	9.53	8.63	9.22	9.62	10.07	9.95	9.66	10.68	12.06	12.94	13.04
Long-Term Debt/Equity (%)	16.45	- -	9.67	8.51	10.08	42.06	29.68	24.1	25.47	22.46	29.08	26.8	24.17	21.68	48.62
Long-Term Debt/Capital (%)	14.25	- -	9.09	8.24	9.71	31.07	23.26	19.84	20.44	18.74	22.61	19.76	17.3	15.59	27.91
Long-Term Debt/Total Assets (%)	1.98	- -	1.13	0.97	1.02	3.89	2.79	2.38	2.59	2.29	2.82	2.63	2.52	2.39	5.05
Total Debt/Equity (%)	16.45	- -	9.67	8.51	10.08	42.06	29.68	24.1	25.47	22.46	29.08	26.8	24.17	21.68	48.62
Total Debt/Capital (%)	14.25	- -	9.09	8.24	9.71	31.07	23.26	19.84	20.44	18.74	22.61	19.76	17.3	15.59	27.91
Total Debt/Total Assets (%)	1.98	- -	1.13	0.97	1.02	3.89	2.79	2.38	2.59	2.29	2.82	2.63	2.52	2.39	5.05
Net Debt to Equity	-73.69	-80.92	-99.85	-83.05	-102.04	-60.72	-96.18	-102.33	-84.98	-121.83	-150.47	-95.1	-106.84	-80.85	-58.06
Net Debt/Capital (%)	-291.01	-534.95	3,084.73	-712.88	1,228.87	-186.29	-5,530.58	2,066.92	-459.15	584.07	319.69	-558.37	-924.2	-208.51	-80.67
EBITDA	1	4	32	41	51	61	1	1	1	2	2	2	2	2	2
EBITDA-CapEx	1	4	32	41	49	60	- -	-2	-5	- -	1	2	-1	1	- -
Operating Income (Loss)	- -	3	31	41	50	60	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	11.95	11.6	11.3	10.84	9.53	8.63	9.22	9.62	10.07	9.95	9.66	10.68	12.06	12.94	13.04
Long-Term Debt/Equity (%)	16.45	- -	9.67	8.51	10.08	42.06	29.68	24.1	25.47	22.46	29.08	26.8	24.17	21.68	48.62
Long-Term Debt/Capital (%)	14.25	- -	9.09	8.24	9.71	31.07	23.26	19.84	20.44	18.74	22.61	19.76	17.3	15.59	27.91
Long-Term Debt/Total Assets (%)	1.98	- -	1.13	0.97	1.02	3.89	2.79	2.38	2.59	2.29	2.82	2.63	2.52	2.39	5.05
Total Debt/Equity (%)	16.45	- -	9.67	8.51	10.08	42.06	29.68	24.1	25.47	22.46	29.08	26.8	24.17	21.68	48.62
Total Debt/Capital (%)	14.25	- -	9.09	8.24	9.71	31.07	23.26	19.84	20.44	18.74	22.61	19.76	17.3	15.59	27.91
Total Debt/Total Assets (%)	1.98	- -	1.13	0.97	1.02	3.89	2.79	2.38	2.59	2.29	2.82	2.63	2.52	2.39	5.05
CFO/Total Liabilities	2.18	1.94	1.96	2.29	1.21	1.8	1.56	2.61	2.08	2.25	2.19	2.48	2.94	2.67	2.47
CFO/CapEx	230.73	108.44	60.19	94.33	13.5	82.1	39.1	35.8	14.21	69.27	198.4	403.81	72.63	179.03	124.45
Altman's Z-Score	0.07	0.14	0.23	0.26	0.26	0.29	0.24	0.21	0.24	0.21	0.24	0.26	0.27	0.29	0.18

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	7.42	9.27	11.83	12.75	12.06	12.31	12.95	12.76	11.69	9.32	10.1	13.31	10.2	8.42	8.36
Days Sales Outstanding	49.19	39.37	30.85	28.62	30.26	29.65	28.18	28.61	31.21	39.14	36.14	27.43	35.79	43.35	43.66
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	97	185	263	371	445	728	849	653	905	751	1,067	1,088	1,030	1,153	- -
- Cash & Cash Equivalents	142	152	227	215	296	306	447	527	499	739	1,031	748	891	766	807
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	26	- -	20	20	27	125	105	100	120	118	171	169	168	165	384
Enterprise Value	-186	-177	-86	25	6	347	319	44	285	-110	-245	81	-7	204	-423
Total Capital	182	180	220	243	274	403	453	506	586	630	754	855	971	1,061	1,375
Total Debt/Capital (%)	14.25	- -	9.09	8.24	9.71	31.07	23.26	19.84	20.44	18.74	22.61	19.76	17.3	15.59	27.91
Total Debt / EV	-0.14	- -	-0.23	0.8	4.29	0.36	0.33	2.28	0.42	-1.07	-0.7	2.09	-23.99	0.81	-0.91
EV/Sales	- -	- -	- -	0.33	0.07	3.19	2.36	0.27	1.67	- -	- -	0.32	- -	0.72	- -
EV/EBITDA	- -	- -	- -	0.6	0.12	5.72	322.28	46.11	212.67	- -	- -	42.87	- -	94.91	- -
EV/EBIT	- -	- -	- -	0.61	0.12	5.81	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	0.6	0.22	6.59	6	0.44	3.3	- -	- -	0.56	- -	1.24	- -
EV/Free Cash Flow to Firm	- -	- -	- -	0.59	0.2	6.51	5.85	0.43	3.08	- -	- -	0.56	- -	1.23	- -
Diluted Market Cap	97	188	268	380	452	733	852	653	905	751	1,067	1,105	1,042	1,171	- -
Diluted Enterprise Value	-20	36	61	185	182	552	510	226	526	130	207	526	319	571	-423
EV per Share	- -	- -	- -	1.88	0.46	24.99	22.1	2.92	18.95	- -	- -	5.56	- -	15.3	- -
TTM Sales	38	49	65	76	88	109	135	163	171	180	194	254	293	284	283
TTM EBITDA	1	4	32	41	51	61	1	1	1	2	2	2	2	2	2
TTM Operating Income	- -	3	31	41	50	60	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	25	26	31	42	28	53	53	99	87	104	120	144	175	165	168
TTM Free Cash Flow to Firm	25	27	31	42	30	53	55	102	93	105	120	144	178	165	169

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	3.83	7.04	8.62	9.01	14.89	13.76	15.62	6.41	9.77	7.14	8.88	7.67	5.86	7.08	- -
EV/EBIT	- -	- -	- -	0.61	0.12	5.81	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-186	-177	-86	25	6	347	319	44	285	-110	-245	81	-7	204	-423
Low Price	7	7.4	14.24	19.61	24.76	26.35	46.88	39.87	41.98	20.04	47.84	64.1	42.42	66.88	71.9
EV/Sales	- -	- -	- -	0.33	0.07	3.19	2.36	0.27	1.67	- -	- -	0.32	- -	0.72	- -
EV/EBITDA	- -	- -	- -	0.6	0.12	5.72	322.28	46.11	212.67	- -	- -	42.87	- -	94.91	- -
Price/Earnings	7.91	7.76	13.7	15.07	14.97	20.01	19.56	9.19	11.55	10.81	11.21	8.44	6.86	8.82	- -
Price/Earnings Average	8.39	6.58	11.69	12.81	13.65	13.1	18.44	12.83	9.64	8.85	9.9	8.16	5.77	8.08	- -
Price/Earnings High	11.15	7.97	14.55	15.36	16.69	20.27	22.15	14.74	11.62	13.82	11.33	9.28	7.3	10.19	- -
Price/Earnings Low	7.44	4.05	9.73	10.6	11.23	10.06	15.6	8.46	8.07	4.29	7.47	7.25	3.99	6.83	- -
Price/Book Value	0.62	1.03	1.32	1.67	1.8	2.62	2.44	1.61	1.94	1.47	1.83	1.59	1.28	1.29	- -
Price/Book Value Average	0.66	0.87	1.12	1.41	1.64	1.71	2.3	2.25	1.62	1.2	1.62	1.53	1.08	1.18	- -
Price/Book Value High	0.87	1.05	1.4	1.7	2.01	2.65	2.77	2.58	1.96	1.88	1.85	1.74	1.36	1.49	- -
Price/Book Value Low	0.58	0.54	0.93	1.17	1.35	1.32	1.95	1.48	1.36	0.58	1.22	1.36	0.74	1	- -
Price/Tangible Book Value	0.61	0.99	1.27	1.58	1.69	2.44	2.39	1.57	1.93	1.43	1.82	1.73	1.48	1.51	- -
Price/Tangible Book Value Average	0.65	0.84	1.09	1.34	1.54	1.6	2.25	2.19	1.61	1.17	1.61	1.67	1.24	1.38	- -
Price/Tangible Book Value High	0.86	1.01	1.35	1.61	1.88	2.47	2.71	2.51	1.94	1.83	1.84	1.9	1.58	1.75	- -
Price/Tangible Book Value Low	0.58	0.51	0.9	1.11	1.26	1.23	1.91	1.44	1.35	0.57	1.21	1.48	0.86	1.17	- -
Price/Sales	2.55	3.81	4.03	4.89	5.05	6.69	6.29	4	5.3	4.17	5.51	4.28	3.51	4.06	- -
Price/Sales Average	2.71	3.23	3.44	4.16	4.6	4.38	5.93	5.59	4.42	3.41	4.87	4.13	2.95	3.72	- -
Price/Sales High	3.6	3.91	4.28	4.99	5.63	6.78	7.12	6.42	5.33	5.33	5.57	4.7	3.74	4.69	- -
Price/Sales Low	2.4	1.98	2.86	3.44	3.78	3.36	5.02	3.68	3.7	1.66	3.67	3.67	2.04	3.14	- -
Price/Cash Flow	3.85	7	8.6	8.89	15.77	13.83	15.96	6.59	10.46	7.24	8.92	7.57	5.87	7.01	- -
Price/Cash Flow Average	4.08	5.94	7.34	7.55	14.37	9.05	15.05	9.2	8.73	5.93	7.88	7.31	4.93	6.42	- -
Price/Cash Flow High	5.43	7.19	9.13	9.06	17.58	14.01	18.08	10.57	10.53	9.25	9.02	8.31	6.25	8.09	- -
Price/Cash Flow Low	3.62	3.65	6.11	6.25	11.82	6.95	12.73	6.06	7.31	2.87	5.94	6.5	3.41	5.43	- -
Price/Free Cash Flow Average	4.06	5.97	7.36	7.66	13.57	9.01	14.73	8.95	8.16	5.84	7.84	7.41	4.92	6.48	- -
Price/Free Cash Flow High	5.4	7.23	9.15	9.19	16.61	13.94	17.69	10.28	9.84	9.12	8.97	8.42	6.24	8.17	- -
Price/Free Cash Flow Low	3.6	3.67	6.12	6.34	11.17	6.92	12.46	5.9	6.83	2.83	5.91	6.59	3.4	5.48	- -
EV/Sales Average	- -	0.11	0.27	1.58	1.55	2.71	3.4	2.97	2.2	- -	0.43	1.86	0.49	1.61	- -
EV/Sales High	0.53	0.78	1.11	2.41	2.57	5.11	4.59	3.8	3.11	1.88	1.13	2.42	1.27	2.58	- -
EV/Sales Low	- -	- -	- -	0.86	0.73	1.7	2.49	1.07	1.48	- -	- -	1.4	- -	1.03	- -
EV/EBITDA Average	-18.75	1.31	0.56	2.9	2.68	4.87	463.46	508.7	280.38	-3.45	43.78	250.22	82.82	211.93	-242.15
EV/EBITDA High	27.08	9.69	2.26	4.42	4.46	9.17	626.15	650.36	396.48	177.4	115.56	326.17	216.91	340.17	-242.15
EV/EBITDA Low	-34.55	-14.07	-0.62	1.58	1.27	3.05	338.83	182.53	188.75	-169.28	-78.52	188.33	-72.62	136.03	-242.15
EV/EBIT Average	- -	1.57	0.57	2.93	2.71	4.95	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	11.6	2.31	4.47	4.52	9.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	-16.85	-0.63	1.6	1.28	3.1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	7.45	14.2	20.05	27.89	33.02	52.42	58.78	43.35	60.09	50.47	71.79	74.62	73.05	86.38	94.43
High Price	10.5	14.57	21.29	28.42	36.82	53.1	66.58	69.48	60.49	64.5	72.58	81.97	77.75	99.78	103.05
Enterprise Value Average	-14	5	18	120	136	295	459	485	376	-7	83	473	142	456	-423
Enterprise Value High	20	38	73	183	227	556	620	620	532	339	219	616	373	732	-423
Enterprise Value Low	-26	-55	-20	65	64	185	335	174	253	-323	-149	356	-125	293	-423

	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	13	13	13	14	14	14	15	15	15	15	15	14	14	13	12
Diluted Weighted Avg Shares	13	13	13	14	14	14	14	15	15	15	15	15	14	14	- -
Basic Weighted Avg Shares	13	13	13	13	13	14	14	15	15	15	15	15	14	13	- -
Revenue per Share	2.92	3.73	4.97	5.7	6.54	7.84	9.35	10.83	11.35	12.11	13.02	17.45	20.8	21.28	- -
EBITDA per Share	0.06	0.3	2.45	3.11	3.77	4.37	0.07	0.06	0.09	0.13	0.13	0.13	0.12	0.16	- -
Operating Income per Share	- -	0.25	2.4	3.07	3.72	4.3	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.94	1.83	1.46	1.85	2.21	2.62	3.01	4.71	5.2	4.67	6.41	8.84	10.64	9.79	- -
Basic EPS from Cont Ops	0.94	1.83	1.46	1.85	2.21	2.62	3.01	4.71	5.2	4.67	6.41	8.84	10.64	9.79	- -
Diluted EPS, GAAP	0.94	1.8	1.44	1.81	2.17	2.6	2.99	4.71	5.2	4.67	6.41	8.7	10.52	9.64	- -
Diluted EPS from Cont Ops	0.94	1.8	1.44	1.81	2.17	2.6	2.99	4.71	5.2	4.67	6.41	8.7	10.52	9.64	- -
Dividend per Share	- -	- -	- -	0.1	0.47	0.61	0.76	1.04	1.21	1.2	1.44	1.72	2.21	2.81	- -
Cash Flow per Share	1.94	2.03	2.33	3.14	2.09	3.79	3.68	6.58	5.74	6.97	8.05	9.86	12.44	12.33	- -
Free Cash Flow per Basic Share	1.93	2.01	2.29	3.1	1.94	3.74	3.59	6.39	5.34	6.87	8.01	9.84	12.27	12.26	- -
Cash & Equivalents per Share	23.74	27.79	28.15	27.52	34.53	36.46	43.98	47.1	49.09	65.78	99.73	80.65	85.47	83.48	- -
Book Value per Share	12.04	13.82	15.24	16.75	18.36	20.03	24.08	26.95	30.94	34.39	39.27	47.05	56.98	67.13	- -
Tangible Book Value per Share	12.16	14.39	15.78	17.68	19.59	21.47	24.59	27.67	31.21	35.3	39.47	43.24	49.31	57.18	- -

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Profitability (USD)

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Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)