Regional Management Corp. Financial Ratios — RM 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 (%)	149.15	67.1	45.38	17.36	22.39	18.76	19.32	18.83	19.64	11.16	33.08	15.65	4.57	11.28	11.21
Return on Assets (%)	7.71	6.7	5.95	2.78	4.04	3.59	3.89	3.96	4.23	2.36	6.92	3.22	0.91	2.23	2.21
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 (%)	1.55	2.09	2.21	2.05	1.95	2.92	2.96	3.22	3.44	3.96	2.94	2.68	3.02	2.74	2.9
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	35.84	31.68	29.56	12.61	18.97	17.66	16.2	16.8	18.69	10.69	28.33	13.81	4.29	10.52	10.3
Profit Margin (%)	22.63	19.95	18.4	7.8	11.62	10.89	12.06	12.94	14.17	7.95	22.34	10.83	3.3	8.02	7.92
Net Income to Common Margin (%)	22.63	19.95	18.4	7.8	11.62	10.89	12.06	12.94	14.17	7.95	22.34	10.83	3.3	8.02	7.92
Effective Tax Rate (%)	36.87	37.04	37.75	38.17	38.74	38.3	25.57	23	24.17	25.6	21.15	21.58	23.22	23.76	23.13
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.29	10.75	22.16	74.48	29.45	25.86
Sustainable Growth Rate (%)	149.15	67.1	45.38	17.36	22.39	18.76	19.32	18.83	19.64	10.24	29.52	12.18	1.17	7.96	8.31

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	232	292	363	341	408	490	567	651	827	791	1,128	1,383	1,432	1,513	1,688
ST Debt	206	292	363	341	337	452	514	355	393	325	240	165	245	315	268
LT Debt	26	- -	- -	- -	71	38	53	297	434	466	887	1,218	1,187	1,197	1,420
Total Debt/EBITDA	161.32	112.54	104.87	87.95	104.21	75.97	77.01	73.99	76.19	59.47	96.77	108.96	97.84	107.5	103.91
Net Debt/EBITDA	157.95	111.27	103.68	86.92	102.25	75.28	76.3	73.58	73.36	56.67	93.23	105.76	95.03	104.34	100.85
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	8.13	11.29	14.58	17.48	18.53	19.67	20.5	21.48	21.59	20.72	21.07	20.11	19.56	19.9	19.59
Long-Term Debt/Equity (%)	39.79	- -	- -	- -	34.71	18.27	22.07	106.27	143.34	171.41	313.85	394.59	368.28	335.25	380.52
Long-Term Debt/Capital (%)	10.06	- -	- -	- -	13.58	6.02	7.17	34.62	40.29	45.72	61.83	70.41	66.57	63.25	67.59
Long-Term Debt/Total Assets (%)	8.49	- -	- -	- -	11.37	5.32	6.37	31.02	37.46	42.26	60.79	70.6	66.14	62.71	67.48
Total Debt/Equity (%)	357.32	226.29	225.07	191.46	199.04	235.94	236.64	233.32	273.16	290.84	398.83	447.96	444.29	423.6	452.47
Total Debt/Capital (%)	90.36	85.63	82.33	78.65	77.88	77.75	76.91	76.02	76.78	77.58	78.57	79.94	80.31	79.92	80.37
Total Debt/Total Assets (%)	76.22	67.29	67.94	64.39	65.21	68.73	68.3	68.1	71.39	71.7	77.25	80.15	79.79	79.23	80.24
Net Debt to Equity	349.84	223.74	222.51	189.21	195.31	233.8	234.46	232.01	263.01	277.15	384.26	434.81	431.54	411.13	439.13
Net Debt/Capital (%)	90.18	85.49	82.16	78.45	77.55	77.59	76.75	75.92	74.08	74.52	76.26	77.77	78.2	77.73	78.14
EBITDA	1	3	3	4	4	6	7	9	11	13	12	13	15	14	16
EBITDA-CapEx	-1	1	-1	-1	-1	-5	-4	2	3	8	5	1	3	-3	-1
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	8.13	11.29	14.58	17.48	18.53	19.67	20.5	21.48	21.59	20.72	21.07	20.11	19.56	19.9	19.59
Long-Term Debt/Equity (%)	39.79	- -	- -	- -	34.71	18.27	22.07	106.27	143.34	171.41	313.85	394.59	368.28	335.25	380.52
Long-Term Debt/Capital (%)	10.06	- -	- -	- -	13.58	6.02	7.17	34.62	40.29	45.72	61.83	70.41	66.57	63.25	67.59
Long-Term Debt/Total Assets (%)	8.49	- -	- -	- -	11.37	5.32	6.37	31.02	37.46	42.26	60.79	70.6	66.14	62.71	67.48
Total Debt/Equity (%)	357.32	226.29	225.07	191.46	199.04	235.94	236.64	233.32	273.16	290.84	398.83	447.96	444.29	423.6	452.47
Total Debt/Capital (%)	90.36	85.63	82.33	78.65	77.88	77.75	76.91	76.02	76.78	77.58	78.57	79.94	80.31	79.92	80.37
Total Debt/Total Assets (%)	76.22	67.29	67.94	64.39	65.21	68.73	68.3	68.1	71.39	71.7	77.25	80.15	79.79	79.23	80.24
CFO/Total Liabilities	17.34	18.91	19.48	24.39	19.8	19.86	19.56	21.6	18.49	19.84	16.06	15.84	16.92	17.33	17.86
CFO/CapEx	16.08	28.92	17.44	18.45	15.7	8.54	10.38	21.52	21.36	30.84	27.55	19.66	20.64	15.46	18.1
Altman's Z-Score	0.42	0.82	1.18	0.94	0.86	0.96	0.9	0.84	0.82	0.83	0.86	0.67	0.64	0.68	0.67

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	107.26	77.31	137.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	3.4	4.72	2.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	- -	194	427	201	199	311	304	280	342	326	577	261	236	328	365
- Cash & Cash Equivalents	5	3	4	4	8	4	5	4	2	8	11	4	5	4	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	232	292	363	341	408	490	567	651	827	791	1,128	1,383	1,432	1,513	1,688
Enterprise Value	227	483	785	538	600	796	865	928	1,167	1,110	1,694	1,640	1,663	1,836	2,050
Total Capital	257	341	441	434	525	630	737	857	1,077	1,020	1,435	1,730	1,783	1,893	2,100
Total Debt/Capital (%)	90.36	85.63	82.33	78.65	77.88	77.75	76.91	76.02	76.78	77.58	78.57	79.94	80.31	79.92	80.37
Total Debt / EV	1.02	0.61	0.46	0.63	0.68	0.62	0.65	0.7	0.71	0.71	0.67	0.84	0.86	0.82	0.82
EV/Sales	2.44	3.89	5.02	2.84	2.98	3.61	3.48	3.4	3.7	3.3	4.27	3.47	3.44	3.57	3.65
EV/EBITDA	157.95	185.77	227	138.64	152.96	123.5	117.61	105.42	107.52	83.39	145.34	129.22	113.64	130.5	126.16
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	5.47	8.36	10.82	6.27	7.19	7.94	7.5	6.34	7.38	6.73	8.96	7.31	6.67	6.83	6.63
EV/Free Cash Flow to Firm	5.15	8.08	10.23	5.95	6.76	7.11	6.84	6.06	7.05	6.52	8.65	6.96	6.37	6.41	6.28
Diluted Market Cap	- -	198	437	205	202	318	310	290	354	333	612	271	241	338	387
Diluted Enterprise Value	227	487	796	542	603	803	871	938	1,178	1,116	1,729	1,650	1,668	1,847	2,071
EV per Share	18.44	41.27	62.46	42.38	46.67	67.31	74.9	79.62	102.38	101.53	168.8	176.39	176.95	190.48	217.4
TTM Sales	93	124	156	190	201	221	249	273	316	336	397	473	484	514	561
TTM EBITDA	1	3	3	4	4	6	7	9	11	13	12	13	15	14	16
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	41	58	73	86	83	100	115	146	158	165	189	224	249	269	309
TTM Free Cash Flow to Firm	44	60	77	90	89	112	127	153	166	170	196	236	261	286	326

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	- -	3.32	5.7	2.26	2.28	2.84	2.45	1.9	2.13	1.95	3.12	1.15	0.92	1.18	1.19
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	227	483	785	538	600	796	865	928	1,167	1,110	1,694	1,640	1,663	1,836	2,050
Low Price	- -	12.84	15.54	11.16	13.45	11.77	18.31	22.9	22.98	10.33	26.61	26.52	20.76	20.5	25.41
EV/Sales	2.44	3.89	5.02	2.84	2.98	3.61	3.48	3.4	3.7	3.3	4.27	3.47	3.44	3.57	3.65
EV/EBITDA	157.95	185.77	227	138.64	152.96	123.5	117.61	105.42	107.52	83.39	145.34	129.22	113.64	130.5	126.16
Price/Earnings	- -	7.82	14.81	13.57	8.51	12.93	10.14	7.93	7.65	12.21	6.5	5.1	14.77	7.95	8.23
Price/Earnings Average	- -	7.72	11.15	17.08	8.91	9.15	8.78	10.31	6.92	8.4	5.34	7.28	16.54	6.65	7.39
Price/Earnings High	- -	8.63	15.21	31.09	11.15	13.3	10.62	12.27	8.9	12.59	7.65	10.63	22.58	8.24	9.77
Price/Earnings Low	- -	6.07	6.79	9.58	7.4	5.79	7.06	7.55	5.86	4.22	3.01	4.81	12.23	4.79	5.39
Price/Book Value	- -	3.95	5.48	2.17	1.71	2.22	1.79	1.36	1.37	1.43	1.87	0.75	0.67	0.86	0.89
Price/Book Value Average	- -	3.9	4.12	2.73	1.79	1.57	1.55	1.77	1.24	0.98	1.54	1.07	0.75	0.72	0.8
Price/Book Value High	- -	4.36	5.62	4.97	2.24	2.28	1.87	2.11	1.59	1.47	2.21	1.57	1.03	0.89	1.05
Price/Book Value Low	- -	3.06	2.51	1.53	1.49	0.99	1.24	1.3	1.05	0.49	0.87	0.71	0.56	0.52	0.58
Price/Tangible Book Value	- -	1.52	2.68	1.14	0.98	1.55	1.33	1.04	1.17	1.24	2.11	0.88	0.77	0.99	1.07
Price/Tangible Book Value Average	- -	1.5	2.02	1.43	1.03	1.09	1.15	1.35	1.06	0.85	1.73	1.26	0.86	0.82	0.96
Price/Tangible Book Value High	- -	1.68	2.75	2.6	1.29	1.59	1.39	1.61	1.36	1.28	2.48	1.84	1.18	1.02	1.27
Price/Tangible Book Value Low	- -	1.18	1.23	0.8	0.85	0.69	0.92	0.99	0.89	0.43	0.98	0.83	0.64	0.59	0.7
Price/Sales	- -	1.56	2.73	1.06	0.99	1.41	1.22	1.03	1.08	0.97	1.45	0.55	0.49	0.64	0.65
Price/Sales Average	- -	1.54	2.05	1.33	1.04	1	1.06	1.33	0.98	0.67	1.19	0.79	0.55	0.53	0.58
Price/Sales High	- -	1.72	2.8	2.42	1.3	1.45	1.28	1.59	1.26	1	1.71	1.15	0.74	0.66	0.77
Price/Sales Low	- -	1.21	1.25	0.75	0.86	0.63	0.85	0.98	0.83	0.34	0.67	0.52	0.4	0.38	0.43
Price/Cash Flow	- -	3.35	5.88	2.34	2.38	3.1	2.63	1.92	2.16	1.98	3.05	1.16	0.95	1.22	1.18
Price/Cash Flow Average	- -	3.31	4.42	2.95	2.5	2.19	2.28	2.49	1.96	1.36	2.51	1.66	1.06	1.02	1.06
Price/Cash Flow High	- -	3.7	6.03	5.36	3.12	3.19	2.76	2.96	2.52	2.04	3.59	2.43	1.45	1.26	1.4
Price/Cash Flow Low	- -	2.6	2.69	1.65	2.07	1.39	1.83	1.82	1.66	0.68	1.41	1.1	0.78	0.73	0.78
Price/Free Cash Flow Average	- -	3.28	4.29	2.85	2.39	2.01	2.12	2.47	1.93	1.34	2.57	1.64	1.03	0.99	1.06
Price/Free Cash Flow High	- -	3.67	5.85	5.18	2.99	2.92	2.57	2.94	2.48	2.01	3.67	2.4	1.41	1.23	1.41
Price/Free Cash Flow Low	- -	2.58	2.61	1.6	1.98	1.27	1.7	1.81	1.63	0.68	1.45	1.09	0.76	0.71	0.78
EV/Sales Average	2.44	3.87	4.34	3.11	3.03	3.2	3.32	3.7	3.59	3	4.01	3.7	3.49	3.47	3.59
EV/Sales High	2.44	4.05	5.09	4.2	3.29	3.65	3.54	3.96	3.88	3.33	4.52	4.07	3.69	3.6	3.78
EV/Sales Low	2.44	3.54	3.54	2.52	2.85	2.83	3.11	3.35	3.44	2.67	3.49	3.44	3.35	3.32	3.43
EV/EBITDA Average	157.95	184.84	196.47	152.06	155.37	109.41	112.07	114.98	104.51	75.73	136.53	138.03	115.57	126.7	123.86
EV/EBITDA High	157.95	193.51	230.28	205.45	168.69	124.89	119.57	122.84	112.66	84.15	154.07	151.57	122.16	131.37	130.37
EV/EBITDA Low	157.95	169.07	160.16	123.43	146.34	96.87	105.04	103.9	100.11	67.35	118.78	128.08	110.87	121.27	118.42
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	16.55	33.93	15.81	15.47	26.28	26.31	24.05	30.03	29.86	57.46	28.08	25.08	33.98	38.75
High Price	- -	18.27	34.83	36.23	20.27	27.04	27.56	37.21	34.93	30.78	67.6	58.58	38.34	35.24	46
Enterprise Value Average	227	480	680	590	609	705	825	1,012	1,135	1,008	1,591	1,751	1,691	1,783	2,012
Enterprise Value High	227	503	797	798	661	805	880	1,081	1,223	1,120	1,795	1,923	1,788	1,848	2,118
Enterprise Value Low	227	439	554	479	574	624	773	915	1,087	896	1,384	1,625	1,622	1,706	1,924

	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	9	12	13	13	13	11	12	12	11	11	10	10	10	10	10
Diluted Weighted Avg Shares	12	12	13	13	13	12	12	12	12	11	11	10	10	10	10
Basic Weighted Avg Shares	12	12	13	13	13	12	12	12	11	11	10	9	9	10	9
Revenue per Share	7.55	10.61	12.45	14.94	15.65	18.66	21.52	23.44	27.68	30.75	39.57	50.88	51.49	53.32	59.48
EBITDA per Share	0.12	0.22	0.28	0.31	0.31	0.54	0.64	0.76	0.95	1.22	1.16	1.36	1.56	1.46	1.72
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.71	2.12	2.29	1.17	1.82	2.03	2.59	3.03	3.92	2.45	8.84	5.51	1.7	4.28	4.71
Basic EPS from Cont Ops	1.71	2.12	2.29	1.17	1.82	2.03	2.59	3.03	3.92	2.45	8.84	5.51	1.7	4.28	4.71
Diluted EPS, GAAP	1.71	2.07	2.23	1.14	1.79	1.99	2.54	2.93	3.8	2.4	8.33	5.3	1.66	4.14	4.45
Diluted EPS from Cont Ops	1.71	2.07	2.23	1.14	1.79	1.99	2.54	2.93	3.8	2.4	8.33	5.3	1.66	4.14	4.45
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.2	0.95	1.22	1.26	1.26	1.22
Cash Flow per Share	3.37	4.94	5.77	6.76	6.49	8.48	9.99	12.55	13.88	15.09	18.84	24.13	26.51	27.9	32.78
Free Cash Flow per Basic Share	3.16	4.76	5.44	6.39	6.08	7.49	9.03	11.97	13.23	14.6	18.15	22.9	25.23	26.09	30.97
Cash & Equivalents per Share	0.39	0.28	0.33	0.32	0.6	0.38	0.45	0.31	0.2	0.74	1.05	0.42	0.48	0.41	0.41
Book Value per Share	2.01	4.19	6.19	7.3	9.03	11.85	14.72	17.63	21.94	20.93	30.65	37.33	37.35	39.42	43.72
Tangible Book Value per Share	5.23	10.86	12.65	13.92	15.74	17	19.81	23.09	25.73	24.1	27.23	31.9	32.61	34.5	36.2

Regional Management Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)