Peoples Financial Services Corp. Financial Ratios — PFIS

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 (%)	19.02	14.05	5.95	17.05	15.9	16.22	14.09	17.33	16.17	16.66	21.57	16.46	10.79	3.26	21.43
Return on Assets (%)	1.78	1.38	0.44	1.03	1	1.03	0.89	1.12	1.08	1.1	1.39	1.1	0.75	0.19	1.14
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 (%)	1.78	2.74	2.94	4.27	3.98	3.81	3.71	3.78	4.65	4.41	3.7	3.73	3.47	5.38	5.66
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	32.44	33.34	14.61	32.86	31.74	32.95	33.11	33.31	31.88	35.44	54.43	41.98	32.21	6.3	38.47
Profit Margin (%)	25.18	25.87	13.47	25.09	25.29	26.24	22.94	29.32	28.4	30.44	44.26	35.25	27.13	6.32	31.52
Net Income to Common Margin (%)	25.18	25.87	13.47	25.09	25.29	26.24	22.94	29.32	28.4	30.44	44.26	35.25	27.13	6.32	31.52
Effective Tax Rate (%)	22.37	22.41	7.82	23.62	20.32	20.37	30.71	11.98	10.92	14.11	18.68	16.04	15.76	- -	18.06
Dvd Payout Ratio (%)	52.26	51.98	96.33	53.03	52.58	46.83	50.49	38.9	39.37	35.83	24.8	29.73	42.58	212.91	41.63
Sustainable Growth Rate (%)	9.08	6.75	0.22	8.01	7.54	8.63	6.97	10.59	9.8	10.69	16.22	11.56	6.2	-3.68	12.51

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	63	45	59	52	99	141	173	124	185	98	36	148	76	156	258
ST Debt	44	- -	22	19	38	83	124	86	152	50	- -	115	18	16	33
LT Debt	19	45	37	33	60	58	50	38	33	48	36	34	58	140	226
Total Debt/EBITDA	84.07	40.46	47.04	17.31	35.37	49.47	58.11	38.71	43.9	23	9.81	36.81	21.62	21.5	24.33
Net Debt/EBITDA	69.92	-2.18	13.56	6.85	23.57	35.44	45.55	28.56	36.51	12.37	-0.49	27.42	9.42	13.81	17.95
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.34	10.1	5.9	6.17	6.35	6.3	6.28	6.61	6.75	6.43	6.47	6.89	7.02	5.09	5.57
Long-Term Debt/Equity (%)	31.75	34.28	15.39	13.43	24.26	22.65	18.77	13.61	10.95	15.07	10.5	10.64	17.04	29.78	43.41
Long-Term Debt/Capital (%)	15.68	32.87	23.19	20.79	28.18	21.79	16.07	13.74	9.3	16.87	14.07	8.53	17.15	33.7	40.89
Long-Term Debt/Total Assets (%)	3.05	4.94	2.18	1.9	3.32	2.91	2.29	1.66	1.32	1.66	1.06	0.94	1.55	2.74	4.28
Total Debt/Equity (%)	105.21	34.28	24.62	21.08	39.67	54.88	65.44	44.65	61.83	30.85	10.5	47.09	22.2	33.18	49.71
Total Debt/Capital (%)	51.94	32.87	37.11	32.63	46.07	52.8	56.02	45.11	52.55	34.52	14.07	37.75	22.35	37.53	46.82
Total Debt/Total Assets (%)	10.09	4.94	3.48	2.99	5.42	7.04	7.99	5.43	7.47	3.39	1.06	4.18	2.02	3.06	4.9
Net Debt to Equity	87.5	-1.85	7.1	8.34	26.44	39.32	51.3	32.95	51.41	16.59	-0.53	35.08	9.67	21.31	36.68
Net Debt/Capital (%)	47.34	-2.71	14.54	16.09	36.28	44.49	49.96	37.75	47.94	22.09	-0.83	31.12	11.14	27.85	39.38
EBITDA	1	1	1	3	3	3	3	3	4	4	4	4	3	7	11
EBITDA-CapEx	- -	-2	1	2	-2	-4	-3	-1	-1	2	-1	-4	-2	5	- -
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	9.34	10.1	5.9	6.17	6.35	6.3	6.28	6.61	6.75	6.43	6.47	6.89	7.02	5.09	5.57
Long-Term Debt/Equity (%)	31.75	34.28	15.39	13.43	24.26	22.65	18.77	13.61	10.95	15.07	10.5	10.64	17.04	29.78	43.41
Long-Term Debt/Capital (%)	15.68	32.87	23.19	20.79	28.18	21.79	16.07	13.74	9.3	16.87	14.07	8.53	17.15	33.7	40.89
Long-Term Debt/Total Assets (%)	3.05	4.94	2.18	1.9	3.32	2.91	2.29	1.66	1.32	1.66	1.06	0.94	1.55	2.74	4.28
Total Debt/Equity (%)	105.21	34.28	24.62	21.08	39.67	54.88	65.44	44.65	61.83	30.85	10.5	47.09	22.2	33.18	49.71
Total Debt/Capital (%)	51.94	32.87	37.11	32.63	46.07	52.8	56.02	45.11	52.55	34.52	14.07	37.75	22.35	37.53	46.82
Total Debt/Total Assets (%)	10.09	4.94	3.48	2.99	5.42	7.04	7.99	5.43	7.47	3.39	1.06	4.18	2.02	3.06	4.9
CFO/Total Liabilities	2.48	1.47	0.9	1.62	1.86	1.61	1.5	1.62	1.7	1.45	1.35	1.31	0.98	0.75	1.14
CFO/CapEx	18.86	3.99	21.26	22.55	6.6	4.15	4.58	8.02	6.62	16.22	8.35	5.41	5.61	13.49	4.96
Altman's Z-Score	0.32	0.28	0.17	0.27	0.23	0.24	0.23	0.22	0.23	0.18	0.19	0.19	0.18	0.15	0.17

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	12.97	12.97	9.73	12.29	12.32	12.41	12.22	12.1	12.86	12.66	11.72	10.68	8.25	9.48	11.29
Days Sales Outstanding	28.15	28.14	37.5	29.7	29.62	29.4	29.86	30.17	28.38	28.83	31.15	34.18	44.22	38.49	32.33
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	126	136	180	375	286	360	344	326	372	269	379	372	346	437	487
- Cash & Cash Equivalents	11	48	42	31	33	40	37	33	31	45	38	38	43	56	68
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	63	45	59	52	99	141	173	124	185	98	36	148	76	156	258
Enterprise Value	178	-28	-103	56	67	202	208	148	196	25	-140	5	-20	10	389
Total Capital	121	138	158	159	214	267	310	276	352	283	254	393	338	415	552
Total Debt/Capital (%)	51.94	32.87	37.11	32.63	46.07	52.8	56.02	45.11	52.55	34.52	14.07	37.75	22.35	37.53	46.82
Total Debt / EV	0.35	-1.65	-0.57	0.93	1.47	0.7	0.83	0.84	0.95	3.88	-0.26	32.94	-3.81	15.18	0.66
EV/Sales	4.26	- -	- -	0.8	0.96	2.7	2.58	1.74	2.16	0.26	- -	0.04	- -	0.08	2.07
EV/EBITDA	239.09	- -	- -	18.65	24.03	70.85	69.68	46.07	46.45	5.93	- -	1.12	- -	1.42	36.62
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	12.8	- -	- -	2.32	2.3	7.19	7.27	4.54	5.28	0.68	- -	0.11	- -	0.3	7.17
EV/Free Cash Flow to Firm	12.15	- -	- -	2.22	2	5.79	5.97	4.03	4.58	0.64	- -	0.09	- -	0.27	5.96
Diluted Market Cap	126	136	180	375	286	360	344	326	372	270	381	374	348	439	491
Diluted Enterprise Value	178	134	197	396	352	461	480	418	526	322	379	484	381	539	681
EV per Share	39.93	- -	- -	7.42	8.92	27.27	28.11	20.01	26.45	3.45	- -	0.63	- -	1.2	38.91
TTM Sales	42	41	42	70	70	75	80	85	91	96	98	108	101	134	188
TTM EBITDA	1	1	1	3	3	3	3	3	4	4	4	4	3	7	11
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	14	12	13	24	29	28	29	33	37	37	41	42	33	35	54
TTM Free Cash Flow to Firm	15	14	14	25	34	35	35	37	43	39	46	50	39	37	65

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	8.6	9.43	13.16	14.84	8.52	10.35	9.89	8.88	8.72	6.83	8.35	7.45	8.89	11.78	7.53
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	178	-28	-103	56	67	202	208	148	196	25	-140	5	-20	10	389
Low Price	25.15	27.5	30.05	37.5	34.01	32.74	39	39.01	39.76	29.01	36.02	46.02	30.6	36.26	38.9
EV/Sales	4.26	- -	- -	0.8	0.96	2.7	2.58	1.74	2.16	0.26	- -	0.04	- -	0.08	2.07
EV/EBITDA	239.09	- -	- -	18.65	24.03	70.85	69.68	46.07	46.45	5.93	- -	1.12	- -	1.42	36.62
Price/Earnings	11.98	12.87	31.44	21.25	16.15	18.39	18.66	13.08	14.47	9.15	8.71	9.76	12.64	51.38	8.23
Price/Earnings Average	11.54	12.28	28.44	19.85	17.01	14.83	17.62	13.36	13.02	9.62	7.32	9.68	11.53	44.94	8.22
Price/Earnings High	11.98	13.29	33.01	23.18	21.2	19.09	20.66	15.44	15.48	12.55	9.09	11.29	14.12	59.93	9.15
Price/Earnings Low	10.67	11.6	24.86	16.04	14.42	12.37	15.63	11.58	11.43	7.22	5.96	8.66	7.94	36.4	6.57
Price/Book Value	2.17	1.47	1.81	3.49	2.48	2.86	2.53	2.15	2.23	1.45	1.74	1.52	1.32	1.69	1.66
Price/Book Value Average	2.09	1.4	1.63	3.26	2.61	2.31	2.39	2.2	2.01	1.52	1.46	1.51	1.2	1.47	1.66
Price/Book Value High	2.17	1.52	1.9	3.81	3.25	2.97	2.8	2.54	2.39	1.99	1.81	1.76	1.47	1.97	1.85
Price/Book Value Low	1.94	1.32	1.43	2.64	2.21	1.92	2.12	1.91	1.76	1.14	1.19	1.35	0.83	1.19	1.32
Price/Tangible Book Value	2.14	1.3	1.07	2.12	1.59	1.91	1.74	1.54	1.6	1.07	1.38	1.48	1.25	1.22	1.17
Price/Tangible Book Value Average	2.06	1.24	0.97	1.98	1.68	1.54	1.64	1.57	1.44	1.12	1.16	1.47	1.14	1.07	1.17
Price/Tangible Book Value High	2.14	1.34	1.13	2.31	2.09	1.98	1.93	1.81	1.71	1.46	1.44	1.71	1.4	1.42	1.31
Price/Tangible Book Value Low	1.91	1.17	0.85	1.6	1.42	1.29	1.46	1.36	1.26	0.84	0.94	1.31	0.79	0.87	0.94
Price/Sales	3.02	3.33	4.23	5.33	4.08	4.83	4.28	3.83	4.11	2.78	3.86	3.44	3.43	3.25	2.59
Price/Sales Average	2.91	3.18	3.83	4.98	4.3	3.89	4.04	3.92	3.7	2.93	3.24	3.41	3.13	2.84	2.59
Price/Sales High	3.02	3.44	4.45	5.82	5.36	5.01	4.74	4.53	4.4	3.82	4.03	3.98	3.83	3.79	2.89
Price/Sales Low	2.69	3	3.35	4.03	3.65	3.25	3.59	3.4	3.24	2.2	2.64	3.05	2.16	2.3	2.07
Price/Cash Flow	9.06	11.8	13.78	15.5	9.81	12.84	12.05	9.99	10.04	7.22	9.3	8.77	10.41	12.57	8.97
Price/Cash Flow Average	8.72	11.26	12.46	14.48	10.33	10.35	11.37	10.2	9.03	7.6	7.82	8.7	9.49	11	8.96
Price/Cash Flow High	9.06	12.19	14.46	16.91	12.88	13.33	13.34	11.79	10.75	9.91	9.71	10.15	11.63	14.67	9.98
Price/Cash Flow Low	8.06	10.64	10.89	11.7	8.76	8.63	10.09	8.85	7.93	5.7	6.36	7.79	6.54	8.91	7.16
Price/Free Cash Flow Average	8.28	9.01	11.9	13.86	8.97	8.34	9.33	9.07	7.85	7.19	7.02	7.39	8.1	10.3	7.52
Price/Free Cash Flow High	8.6	9.74	13.81	16.19	11.18	10.74	10.95	10.48	9.34	9.37	8.71	8.62	9.93	13.74	8.37
Price/Free Cash Flow Low	7.66	8.51	10.4	11.2	7.61	6.96	8.28	7.86	6.89	5.39	5.71	6.61	5.59	8.35	6.01
EV/Sales Average	4.15	3.12	4.23	5.27	5.24	5.24	5.73	5	5.39	3.47	3.22	4.43	3.45	3.58	3.61
EV/Sales High	4.26	3.38	4.85	6.11	6.3	6.36	6.43	5.61	6.09	4.36	4.01	5	4.16	4.53	3.9
EV/Sales Low	3.93	2.94	3.75	4.32	4.59	4.6	5.27	4.48	4.94	2.74	2.62	4.08	2.48	3.04	3.09
EV/EBITDA Average	232.8	113.73	143.71	123.43	131.65	137.43	154.53	132.13	116.06	78.83	87.03	118.79	99.66	66.59	63.75
EV/EBITDA High	239.09	123.24	164.64	143.01	158.25	166.75	173.34	148.25	131.13	99.03	108.18	134.02	119.97	84.2	68.95
EV/EBITDA Low	220.52	107.31	127.34	101.05	115.2	120.5	142.21	118.35	106.33	62.23	70.68	109.19	71.61	56.56	54.56
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	28.25	30.5	38	49.68	38.08	48.7	46.58	44.06	50.35	36.76	52.69	51.84	48.7	51.18	48.71
High Price	28.25	31.5	39.9	54.2	49.99	50.54	51.56	52	53.88	50.42	55	59.99	54.39	59.7	54.2
Enterprise Value Average	174	128	180	371	367	391	461	425	489	335	317	479	349	482	677
Enterprise Value High	178	138	206	430	442	475	517	476	552	421	394	541	420	609	732
Enterprise Value Low	165	120	159	304	321	343	424	380	448	264	257	440	250	409	579

	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	3	- -	8	8	7	7	7	7	7	7	7	7	7	10	10
Diluted Weighted Avg Shares	4	4	5	8	8	7	7	7	7	7	7	7	7	9	10
Basic Weighted Avg Shares	4	4	5	8	8	7	7	7	7	7	7	7	7	9	10
Revenue per Share	9.36	9.16	8.97	9.32	9.32	10.09	10.88	11.49	12.26	13.2	13.66	15.08	14.2	15.76	18.79
EBITDA per Share	0.17	0.25	0.26	0.4	0.37	0.38	0.4	0.43	0.57	0.58	0.51	0.56	0.49	0.85	1.06
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.36	2.37	1.21	2.34	2.36	2.65	2.5	3.37	3.48	4.02	6.05	5.31	3.85	1	5.92
Basic EPS from Cont Ops	2.36	2.37	1.21	2.34	2.36	2.65	2.5	3.37	3.48	4.02	6.05	5.31	3.85	1	5.92
Diluted EPS, GAAP	2.36	2.37	1.21	2.34	2.36	2.65	2.5	3.37	3.48	4	6.02	5.28	3.83	0.99	5.88
Diluted EPS from Cont Ops	2.36	2.37	1.21	2.34	2.36	2.65	2.5	3.37	3.48	4	6.02	5.28	3.83	0.99	5.88
Dividend per Share	1.23	1.23	1.16	1.24	1.24	1.24	1.26	1.31	1.37	1.44	1.5	1.58	1.64	2.12	2.47
Cash Flow per Share	3.12	2.58	2.76	3.21	3.88	3.79	3.87	4.41	5.01	5.09	5.67	5.91	4.68	4.07	5.43
Free Cash Flow per Basic Share	2.95	1.94	2.63	3.06	3.29	2.88	3.02	3.86	4.26	4.78	4.99	4.82	3.84	3.77	4.34
Cash & Equivalents per Share	2.36	46.84	72.17	49.15	42.29	40.47	41.91	40.86	48.9	46.69	77.1	71.93	62.13	68.22	35.65
Book Value per Share	12.99	20.76	21.05	14.23	15.37	17.02	18.41	20.46	22.58	25.39	30.31	34.16	36.95	30.35	29.37
Tangible Book Value per Share	13.19	23.44	35.43	23.48	23.89	25.46	26.73	28.69	31.55	34.46	38.27	35.01	38.86	41.9	41.52

Peoples Financial Services Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)