Rainier Pacific Financial Group Inc. Financial Ratios — RPFG

Profitability (USD)

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Return on Common Equity (%)	- -	- -	20.75	-3.13	3.2	2.59	4.14	8.76	-39.9
Return on Assets (%)	- -	0.88	0.89	-0.43	0.5	0.31	0.31	0.43	-1.69
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	4.38	4.5	12.06	14.71	13.94	8.98	9.84
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	45.81	20.46	21.39	-11.44	13.33	12.86	13.45	17.57	-60.07
Profit Margin (%)	45.81	32.17	14.09	-7.47	9.99	8.03	8.22	10.73	-40.67
Net Income to Common Margin (%)	45.81	32.17	14.09	-7.47	9.99	8.03	8.22	10.73	-40.67
Effective Tax Rate (%)	- -	57.22	34.16	- -	25.02	37.6	38.84	38.94	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	45.91	65.88	57.24	44.14	-12.34
Sustainable Growth Rate (%)	- -	- -	20.75	-3.13	1.73	0.88	1.77	4.89	-44.82

Credit (USD)

MCP API Chat

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Total Debt	- -	- -	157	237	296	340	345	320	291
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	157	237	296	340	345	320	291
Total Debt/EBITDA	- -	- -	117.36	154.57	67.55	72.87	73.19	99.3	82.38
Net Debt/EBITDA	- -	- -	110.91	148.02	65.22	69.92	70.67	96.57	71.56
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	8.29	17.72	14.03	10.5	4.78	5.1	3.35
Long-Term Debt/Equity (%)	- -	- -	371.44	206.98	299.3	401.65	393.25	369.1	994.12
Long-Term Debt/Capital (%)	- -	- -	79.12	66.14	73.71	78.82	88.89	87.72	91.11
Long-Term Debt/Total Assets (%)	- -	- -	31.39	34.6	39.34	39.07	38.26	36.46	34.37
Total Debt/Equity (%)	- -	- -	371.44	206.98	299.3	401.65	393.25	369.1	994.12
Total Debt/Capital (%)	- -	- -	79.12	66.14	73.71	78.82	88.89	87.72	91.11
Total Debt/Total Assets (%)	- -	- -	31.39	34.6	39.34	39.07	38.26	36.46	34.37
Net Debt to Equity	- -	- -	351.04	198.21	288.97	385.37	379.7	358.95	863.59
Net Debt/Capital (%)	- -	- -	78.17	65.16	73.02	78.12	88.54	87.42	89.9
EBITDA	- -	- -	1	2	4	5	5	3	4
EBITDA-CapEx	- -	- -	1	2	4	5	5	3	4
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

MCP API Chat

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	8.29	17.72	14.03	10.5	4.78	5.1	3.35
Long-Term Debt/Equity (%)	- -	- -	371.44	206.98	299.3	401.65	393.25	369.1	994.12
Long-Term Debt/Capital (%)	- -	- -	79.12	66.14	73.71	78.82	88.89	87.72	91.11
Long-Term Debt/Total Assets (%)	- -	- -	31.39	34.6	39.34	39.07	38.26	36.46	34.37
Total Debt/Equity (%)	- -	- -	371.44	206.98	299.3	401.65	393.25	369.1	994.12
Total Debt/Capital (%)	- -	- -	79.12	66.14	73.71	78.82	88.89	87.72	91.11
Total Debt/Total Assets (%)	- -	- -	31.39	34.6	39.34	39.07	38.26	36.46	34.37
CFO/Total Liabilities	- -	- -	1.58	2.2	0.75	0.48	1.14	0.9	0.99
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.02	0.02	0.18	0.25	0.25	0.18	0.19	0.18	0.1

Working Capital (USD)

MCP API Chat

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Accounts Receivable Turnover	- -	- -	23.03	10.99	10.5	8.8	8.43	8.81	9.56
Days Sales Outstanding	- -	- -	15.85	33.23	34.76	41.49	43.32	41.44	38.16
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)

MCP API Chat

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Market Capitalization	- -	- -	- -	110	132	99	118	89	8
- Cash & Cash Equivalents	- -	- -	9	10	10	14	12	9	38
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	157	237	296	340	345	320	291
Enterprise Value	- -	- -	148	337	418	425	451	400	261
Total Capital	- -	- -	198	359	401	432	389	365	320
Total Debt/Capital (%)	- -	- -	79.12	66.14	73.71	78.82	88.89	87.72	91.11
Total Debt / EV	- -	- -	1.06	0.7	0.71	0.8	0.77	0.8	1.11
EV/Sales	- -	- -	4.86	9.9	11.52	13.4	13.33	11.14	7.27
EV/EBITDA	- -	- -	110.91	219.97	95.48	91.06	95.64	124.03	73.94
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	20.57	26.9	85.89	111.94	48.57	56.08	32.18
EV/Free Cash Flow to Firm	- -	- -	20.57	26.9	85.89	111.94	48.57	56.08	32.18
Diluted Market Cap	- -	- -	- -	110	135	99	118	89	8
Diluted Enterprise Value	- -	- -	148	337	421	426	452	401	261
EV per Share	- -	- -	18.67	43.4	56.47	68.96	75.96	66.89	43.63
TTM Sales	7	12	30	34	36	32	34	36	36
TTM EBITDA	- -	- -	1	2	4	5	5	3	4
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	7	13	5	4	9	7	8
TTM Free Cash Flow to Firm	- -	- -	7	13	5	4	9	7	8

Multiples (USD)

MCP API Chat

	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
As of date	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008

Price/Free Cash Flow	- -	- -	- -	8.8	27.79	26.15	12.72	12.47	1.03
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	148	337	418	425	451	400	261
Low Price	- -	- -	- -	15.5	15.22	14.26	14.85	14.41	1.03
EV/Sales	- -	- -	4.86	9.9	11.52	13.4	13.33	11.14	7.27
EV/EBITDA	- -	- -	110.91	219.97	95.48	91.06	95.64	124.03	73.94
Price/Earnings	- -	- -	- -	- -	36.53	38.75	42.3	22.99	- -
Price/Earnings Average	- -	- -	- -	-44.4	30.74	39.47	37.56	28.26	-3.73
Price/Earnings High	- -	- -	- -	-52.04	37.45	43.57	42.3	36.49	-6.23
Price/Earnings Low	- -	- -	- -	-47.31	31.06	34.51	31.68	22.37	-0.42
Price/Book Value	- -	- -	- -	0.91	1.26	1.08	2.73	1.98	0.3
Price/Book Value Average	- -	- -	- -	0.93	1.06	1.1	2.42	2.43	1.92
Price/Book Value High	- -	- -	- -	1.09	1.29	1.21	2.73	3.14	3.2
Price/Book Value Low	- -	- -	- -	0.99	1.07	0.96	2.04	1.92	0.22
Price/Tangible Book Value	- -	- -	- -	0.96	1.34	1.17	1.34	1.02	0.29
Price/Tangible Book Value Average	- -	- -	- -	0.99	1.13	1.19	1.19	1.25	1.86
Price/Tangible Book Value High	- -	- -	- -	1.16	1.37	1.31	1.34	1.62	3.11
Price/Tangible Book Value Low	- -	- -	- -	1.05	1.14	1.04	1	0.99	0.21
Price/Sales	- -	- -	- -	3.24	3.65	3.11	3.48	2.47	0.23
Price/Sales Average	- -	- -	- -	3.32	3.07	3.17	3.09	3.03	1.52
Price/Sales High	- -	- -	- -	3.89	3.74	3.5	3.48	3.91	2.53
Price/Sales Low	- -	- -	- -	3.53	3.1	2.77	2.61	2.4	0.17
Price/Cash Flow	- -	- -	- -	8.8	27.22	25.99	12.68	12.42	1.03
Price/Cash Flow Average	- -	- -	- -	9.01	22.91	26.47	11.26	15.26	6.72
Price/Cash Flow High	- -	- -	- -	10.57	27.91	29.22	12.68	19.7	11.2
Price/Cash Flow Low	- -	- -	- -	9.6	23.15	23.15	9.5	12.08	0.76
Price/Free Cash Flow Average	- -	- -	- -	9.01	23.39	26.63	11.3	15.33	6.72
Price/Free Cash Flow High	- -	- -	- -	10.57	28.49	29.4	12.72	19.79	11.2
Price/Free Cash Flow Low	- -	- -	- -	9.6	23.63	23.29	9.53	12.14	0.76
EV/Sales Average	- -	- -	4.86	9.98	10.94	13.45	12.94	11.71	8.56
EV/Sales High	- -	- -	4.86	10.55	11.61	13.78	13.33	12.59	9.57
EV/Sales Low	- -	- -	4.86	10.2	10.97	13.06	12.45	11.07	7.21
EV/EBITDA Average	- -	- -	110.91	221.74	90.69	91.45	92.84	130.32	86.99
EV/EBITDA High	- -	- -	110.91	234.43	96.24	93.68	95.64	140.15	97.3
EV/EBITDA Low	- -	- -	110.91	226.58	90.95	88.75	89.37	123.29	73.31
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	14.2	17.9	16.01	19.83	14.81	1.4
High Price	- -	- -	- -	17.05	18.35	18	19.83	23.5	15.19
Enterprise Value Average	- -	- -	148	340	397	427	438	421	308
Enterprise Value High	- -	- -	148	360	421	437	451	452	344
Enterprise Value Low	- -	- -	148	348	398	414	422	398	259

Shares Outstanding	8	8	8	8	7	5	6	6	6
Diluted Weighted Avg Shares	8	8	8	8	8	6	6	6	6
Basic Weighted Avg Shares	8	8	8	8	7	6	6	6	6
Revenue per Share	0.9	1.46	3.84	4.38	4.9	5.15	5.7	6	6
EBITDA per Share	- -	- -	0.17	0.2	0.59	0.76	0.79	0.54	0.59
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.41	0.47	0.54	-0.33	0.49	0.41	0.47	0.64	-2.44
Basic EPS from Cont Ops	0.41	0.47	0.54	-0.33	0.49	0.41	0.47	0.64	-2.44
Diluted EPS, GAAP	0.41	0.47	0.54	-0.33	0.48	0.41	0.47	0.64	-2.44
Diluted EPS from Cont Ops	0.41	0.47	0.54	-0.33	0.48	0.41	0.47	0.64	-2.44
Dividend per Share	- -	- -	- -	- -	0.22	0.27	0.27	0.28	0.3
Cash Flow per Share	- -	- -	0.91	1.61	0.66	0.62	1.56	1.19	1.36
Free Cash Flow per Basic Share	- -	- -	0.91	1.61	0.66	0.62	1.56	1.19	1.36
Cash & Equivalents per Share	- -	- -	1.09	1.29	1.38	2.24	2	1.47	6.38
Book Value per Share	- -	- -	5.22	15.62	14.25	14.83	7.27	7.49	4.74
Tangible Book Value per Share	4.07	4.72	5.32	14.74	13.35	13.74	14.78	14.51	4.89

Rainier Pacific Financial Group Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)