QCR Holdings, Inc. Financial Ratios — QCRH 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 (%)	9.3	16.92	17.97	17.49	17.76	23.42	24	23.07	24.45	20.95	27.54	22.81	21.87	18.16	17.28
Return on Assets (%)	0.51	0.62	0.67	0.61	0.66	0.94	0.98	0.97	1.16	1.14	1.68	1.41	1.38	1.3	1.37
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 (%)	3.56	3.25	3.47	3.43	3.35	3.16	3.47	3.42	3.43	2.72	2.72	3.46	3.4	3.32	3.42
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	20.4	24.4	23.58	20.5	21.11	29.88	28.47	29.01	33.02	26.63	44.68	37.33	36.89	36.26	37.74
Profit Margin (%)	14.13	17.45	18.01	17.04	17.35	22.61	25	23.99	26.32	22.02	36.38	32.57	33.09	33.67	35.32
Net Income to Common Margin (%)	6.43	12.61	14.19	15.81	17.35	22.61	25	23.99	26.32	22.02	36.38	32.57	33.09	33.67	35.32
Effective Tax Rate (%)	27.63	25.71	23.61	16.89	17.81	24.33	12.17	17.29	20.3	17.34	18.57	12.75	10.32	7.12	6.41
Dvd Payout Ratio (%)	-29.74	5.87	7.6	6.36	4.62	7.16	6.98	7.65	6.56	6.24	3.83	3.98	3.55	3.54	3.19
Sustainable Growth Rate (%)	12.07	15.93	16.6	16.38	16.94	21.74	22.32	21.31	22.85	19.65	26.48	21.9	21.09	17.52	16.73

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	461	247	284	264	189	291	260	341	266	172	167	696	717	568	636
ST Debt	214	- -	- -	- -	- -	40	- -	9	- -	- -	- -	- -	- -	- -	- -
LT Debt	247	247	284	264	189	251	260	332	266	172	167	696	717	568	636
Total Debt/EBITDA	188.55	104.95	98.83	87.71	58.05	75.24	52.62	55.54	35.45	22.95	22.6	66.21	61.46	50.55	51.68
Net Debt/EBITDA	155.85	69.25	72.74	63.29	34.14	40.45	26.06	19.94	5.52	3.18	7.34	54.13	44.14	29.61	35.18
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.52	2.79	3.03	3.4	4.04	3.99	4.17	4.2	5.33	5.55	6.59	5.87	6.7	7.56	8.25
Long-Term Debt/Equity (%)	171.06	175.65	192.5	183.38	83.89	87.74	73.73	70.21	49.6	28.91	24.67	90.11	80.85	56.92	57.17
Long-Term Debt/Capital (%)	48.24	80.85	79.63	75.45	64.41	59.38	61.09	60.5	50.37	35.16	29.37	59.86	55.63	45.43	44.59
Long-Term Debt/Total Assets (%)	12.56	11.78	11.86	10.46	7.31	7.6	6.54	6.71	5.41	3.01	2.74	8.76	8.39	6.29	6.64
Total Debt/Equity (%)	318.91	175.65	192.5	183.38	83.89	101.72	73.73	72.11	49.6	28.91	24.67	90.11	80.85	56.92	57.17
Total Debt/Capital (%)	89.93	80.85	79.63	75.45	64.41	68.84	61.09	62.14	50.37	35.16	29.37	59.86	55.63	45.43	44.59
Total Debt/Total Assets (%)	23.42	11.78	11.86	10.46	7.31	8.81	6.54	6.89	5.41	3.01	2.74	8.76	8.39	6.29	6.64
Net Debt to Equity	263.59	115.89	141.68	132.31	49.34	54.69	36.51	25.89	7.73	4	8.01	73.66	58.06	33.34	38.92
Net Debt/Capital (%)	88.07	73.59	74.21	68.92	51.55	54.29	43.75	37.07	13.66	6.98	11.89	54.94	47.38	32.78	35.4
EBITDA	2	2	3	3	3	4	5	6	7	7	7	11	12	11	12
EBITDA-CapEx	-1	- -	- -	1	-1	-2	-1	-5	-5	3	-7	-23	-3	-33	-55
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	2.52	2.79	3.03	3.4	4.04	3.99	4.17	4.2	5.33	5.55	6.59	5.87	6.7	7.56	8.25
Long-Term Debt/Equity (%)	171.06	175.65	192.5	183.38	83.89	87.74	73.73	70.21	49.6	28.91	24.67	90.11	80.85	56.92	57.17
Long-Term Debt/Capital (%)	48.24	80.85	79.63	75.45	64.41	59.38	61.09	60.5	50.37	35.16	29.37	59.86	55.63	45.43	44.59
Long-Term Debt/Total Assets (%)	12.56	11.78	11.86	10.46	7.31	7.6	6.54	6.71	5.41	3.01	2.74	8.76	8.39	6.29	6.64
Total Debt/Equity (%)	318.91	175.65	192.5	183.38	83.89	101.72	73.73	72.11	49.6	28.91	24.67	90.11	80.85	56.92	57.17
Total Debt/Capital (%)	89.93	80.85	79.63	75.45	64.41	68.84	61.09	62.14	50.37	35.16	29.37	59.86	55.63	45.43	44.59
Total Debt/Total Assets (%)	23.42	11.78	11.86	10.46	7.31	8.81	6.54	6.89	5.41	3.01	2.74	8.76	8.39	6.29	6.64
CFO/Total Liabilities	2.01	1.57	1.43	1.08	1.27	1.44	0.93	1.44	1.75	2.19	1.63	1.65	4.92	5.54	4.98
CFO/CapEx	11.95	16.38	13.18	12.57	6.85	7.19	5.85	5.61	6.15	26.28	6.31	3.57	25.18	9.99	6.25
Altman's Z-Score	0.08	0.09	0.1	0.11	0.15	0.2	0.18	0.16	0.21	0.2	0.23	0.19	0.21	0.24	0.25

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	10.6	22.22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	34.44	16.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	43	64	94	142	251	544	571	474	690	616	880	828	977	1,357	1,406
- Cash & Cash Equivalents	80	84	75	74	78	135	131	219	224	148	113	127	202	235	203
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	461	247	284	264	189	291	260	341	266	172	167	696	717	568	636
Enterprise Value	-139	-303	-248	-119	39	450	427	335	521	278	596	1,056	1,192	1,409	1,763
Total Capital	512	305	357	350	294	423	426	549	527	488	569	1,163	1,289	1,250	1,426
Total Debt/Capital (%)	89.93	80.85	79.63	75.45	64.41	68.84	61.09	62.14	50.37	35.16	29.37	59.86	55.63	45.43	44.59
Total Debt / EV	-3.31	-0.81	-1.14	-2.21	4.82	0.65	0.61	1.02	0.51	0.62	0.28	0.66	0.6	0.4	0.36
EV/Sales	- -	- -	- -	- -	0.4	3.67	2.99	1.87	2.39	1.01	2.19	3.47	3.47	4.17	4.9
EV/EBITDA	- -	- -	- -	- -	12.04	116.27	86.28	54.59	69.5	37.19	80.65	100.45	102.21	125.42	143.25
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	1.31	10.36	12.67	5.22	6.81	2.48	6.76	8.9	3.17	3.17	4.18
EV/Free Cash Flow to Firm	- -	- -	- -	- -	1.14	9.1	10.82	4.43	5.85	2.39	5.83	6.95	3.05	2.88	3.6
Diluted Market Cap	44	65	96	144	255	553	586	483	700	632	893	838	985	1,368	1,414
Diluted Enterprise Value	426	228	305	334	366	709	715	606	742	655	947	1,408	1,500	1,700	1,847
EV per Share	- -	- -	- -	- -	3.8	35.77	32.05	22.71	33.1	17.87	37.95	63.32	71.25	83.7	104.45
TTM Sales	69	72	83	88	98	122	143	180	218	275	272	304	343	338	360
TTM EBITDA	2	2	3	3	3	4	5	6	7	7	7	11	12	11	12
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	37	31	32	26	30	43	34	64	76	112	88	119	376	445	422
TTM Free Cash Flow to Firm	40	33	34	28	34	49	39	76	89	116	102	152	391	489	489

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	1.1	2	2.79	5.2	7.39	11.19	14.85	6.38	7.88	5.42	8.74	5.52	2.52	2.8	2.89
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-139	-303	-248	-119	39	450	427	335	521	278	596	1,056	1,192	1,409	1,763
Low Price	7.22	8.5	13.05	16.96	16.91	18.05	39.85	30.15	31.56	22.39	37.71	46.83	35.14	53.22	60.83
EV/Sales	- -	- -	- -	- -	0.4	3.67	2.99	1.87	2.39	1.01	2.19	3.47	3.47	4.17	4.9
EV/EBITDA	- -	- -	- -	- -	12.04	116.27	86.28	54.59	69.5	37.19	80.65	100.45	102.21	125.42	143.25
Price/Earnings	9.75	7.02	8	10.2	14.84	19.66	15.99	10.99	12.02	10.18	8.89	8.36	8.6	11.92	11.05
Price/Earnings Average	9.34	6.57	7.56	9.94	12.69	13.09	16.66	14.76	9.97	8.43	7.76	9.22	7.08	9.99	9.86
Price/Earnings High	10.64	8.23	8.55	10.4	15.22	20.34	18.66	16.99	12.26	11.33	9.72	10.58	8.99	14.2	11.7
Price/Earnings Low	7.74	4.51	6.13	9.69	10.33	8.2	14.87	10.33	8.65	5.75	5.99	7.89	5.18	7.87	8.07
Price/Book Value	0.87	1.1	1.3	1.65	2.4	4.13	3.44	2.28	2.64	1.95	2.19	1.77	1.71	1.99	1.78
Price/Book Value Average	0.83	1.03	1.22	1.6	2.05	2.75	3.59	3.06	2.19	1.61	1.91	1.96	1.41	1.67	1.59
Price/Book Value High	0.95	1.29	1.39	1.68	2.46	4.28	4.02	3.52	2.69	2.17	2.39	2.25	1.79	2.37	1.88
Price/Book Value Low	0.69	0.71	0.99	1.56	1.67	1.72	3.2	2.14	1.9	1.1	1.47	1.67	1.03	1.31	1.3
Price/Tangible Book Value	0.3	0.47	0.66	1.02	1.14	2.05	1.81	1.25	1.55	1.21	1.48	1.34	1.33	1.6	1.46
Price/Tangible Book Value Average	0.29	0.44	0.62	0.99	0.97	1.37	1.88	1.68	1.28	1	1.29	1.48	1.1	1.34	1.3
Price/Tangible Book Value High	0.33	0.55	0.71	1.04	1.16	2.12	2.11	1.94	1.58	1.35	1.62	1.7	1.39	1.91	1.54
Price/Tangible Book Value Low	0.24	0.3	0.51	0.97	0.79	0.85	1.68	1.18	1.11	0.69	1	1.26	0.8	1.06	1.06
Price/Sales	0.63	0.89	1.14	1.61	2.57	4.45	4	2.64	3.16	2.24	3.24	2.72	2.85	4.01	3.9
Price/Sales Average	0.6	0.83	1.07	1.57	2.2	2.96	4.17	3.54	2.63	1.86	2.82	3	2.34	3.36	3.48
Price/Sales High	0.68	1.04	1.21	1.64	2.64	4.6	4.67	4.08	3.23	2.49	3.54	3.45	2.98	4.78	4.13
Price/Sales Low	0.5	0.57	0.87	1.53	1.79	1.85	3.72	2.48	2.28	1.27	2.18	2.57	1.71	2.65	2.85
Price/Cash Flow	1.17	2.09	2.94	5.53	8.35	12.55	16.94	7.37	9.02	5.5	9.97	6.98	2.6	3.05	3.33
Price/Cash Flow Average	1.12	1.96	2.78	5.39	7.14	8.36	17.65	9.91	7.48	4.55	8.7	7.7	2.14	2.56	2.97
Price/Cash Flow High	1.28	2.45	3.14	5.63	8.56	12.98	19.76	11.4	9.2	6.12	10.9	8.83	2.71	3.64	3.53
Price/Cash Flow Low	0.93	1.34	2.25	5.25	5.81	5.23	15.75	6.93	6.49	3.11	6.71	6.58	1.56	2.01	2.44
Price/Free Cash Flow Average	1.05	1.87	2.64	5.07	6.32	7.45	15.47	8.58	6.54	4.49	7.62	6.09	2.07	2.34	2.58
Price/Free Cash Flow High	1.2	2.34	2.98	5.3	7.58	11.57	17.33	9.87	8.04	6.04	9.55	6.99	2.63	3.33	3.06
Price/Free Cash Flow Low	0.87	1.29	2.14	4.94	5.15	4.66	13.81	6	5.67	3.07	5.88	5.21	1.51	1.85	2.11
EV/Sales Average	6.18	3.08	3.59	3.74	3.34	4.24	5.07	4.22	2.81	1.94	3.02	4.88	3.84	4.35	4.68
EV/Sales High	6.26	3.29	3.74	3.82	3.78	5.88	5.57	4.76	3.42	2.58	3.74	5.32	4.48	5.77	5.33
EV/Sales Low	6.08	2.82	3.39	3.7	2.93	3.13	4.62	3.16	2.47	1.35	2.38	4.44	3.21	3.63	4.05
EV/EBITDA Average	173.57	94.78	103.71	109.08	99.93	134.2	146.25	123.58	81.96	71.42	111.18	141.01	113.04	130.85	137.07
EV/EBITDA High	175.92	101.22	107.78	111.17	113.05	186.09	160.66	139.18	99.51	94.89	137.39	153.83	131.69	173.58	156.09
EV/EBITDA Low	170.68	86.79	97.87	107.91	87.72	99.13	133.33	92.42	71.8	49.77	87.48	128.41	94.55	109.36	118.61
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	9.1	13.22	17.03	17.86	24.29	43.3	42.85	32.09	43.86	39.59	56	49.64	58.39	80.64	83.3
High Price	9.93	15.5	18.2	18.2	24.9	44.8	50	49.6	44.76	44.07	61.19	62.85	61.03	96.08	88.16
Enterprise Value Average	424	223	298	329	326	519	724	759	614	534	822	1,483	1,318	1,470	1,687
Enterprise Value High	430	238	310	335	369	720	795	855	745	710	1,015	1,618	1,536	1,949	1,921
Enterprise Value Low	417	204	281	325	286	383	660	568	538	372	647	1,350	1,103	1,228	1,459

	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	5	5	8	8	12	13	14	16	16	16	16	17	17	17	17
Diluted Weighted Avg Shares	5	5	6	8	10	13	14	15	16	16	16	17	17	17	17
Basic Weighted Avg Shares	5	5	6	8	10	13	13	15	16	16	16	17	17	17	17
Revenue per Share	14.52	14.93	14.99	11.07	9.43	9.74	10.72	12.17	13.87	17.67	17.31	18.23	20.51	20.09	21.34
EBITDA per Share	0.52	0.49	0.52	0.38	0.32	0.31	0.37	0.42	0.48	0.48	0.47	0.63	0.7	0.67	0.73
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.93	1.88	2.13	1.75	1.64	2.2	2.68	2.92	3.65	3.89	6.3	5.94	6.79	6.77	7.54
Basic EPS from Cont Ops	2.14	2.71	2.7	1.89	1.64	2.2	2.68	2.92	3.65	3.89	6.3	5.94	6.79	6.77	7.54
Diluted EPS, GAAP	0.92	1.85	2.08	1.72	1.61	2.17	2.61	2.86	3.6	3.8	6.2	5.87	6.73	6.71	7.49
Diluted EPS from Cont Ops	2.12	2.66	2.65	1.86	1.61	2.17	2.61	2.86	3.6	3.8	6.2	5.87	6.73	6.71	7.49
Dividend per Share	0.79	0.84	0.73	0.25	0.08	0.16	0.19	0.22	0.24	0.24	0.24	0.24	0.24	0.24	0.24
Cash Flow per Share	7.75	6.33	5.79	3.23	2.91	3.45	2.53	4.35	4.86	7.2	5.62	7.12	22.49	26.41	24.98
Free Cash Flow per Basic Share	7.11	5.94	5.35	2.97	2.48	2.97	2.1	3.58	4.07	6.93	4.73	5.12	21.6	23.77	20.98
Cash & Equivalents per Share	136.5	126.75	113.3	66.27	38.81	30.68	30.35	32.49	27.64	32.74	28.69	28.06	29.98	30.68	16.53
Book Value per Share	10.47	12.05	13.13	10.85	10.12	10.48	12.45	14.08	16.63	20.33	25.57	27.99	34.17	40.53	46.81
Tangible Book Value per Share	29.87	28.31	25.75	17.56	21.38	21.12	23.71	25.58	28.33	32.65	37.79	37.07	43.85	50.37	57.22

QCR Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)