River Financial Corporation Financial Ratios — RVRF Stock

Profitability (USD)

	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 (%)	- -	47.98	34.83	27.15	27.68	32.53	35.19	29.42	22.33	21.49	23.59
Return on Assets (%)	- -	1.03	1.02	0.9	0.91	1.06	1.18	1.07	0.88	0.92	1.14
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	9.07	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	23.09	39.28	4.2	4.33	5.24	4.09	3.19	3.18	3.56	3.41	2.82
Operating Margin (%)	20.18	34.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	52.4	-378.47	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	20.18	34.73	35.73	28.03	28.99	32.33	39.9	39.37	33.62	37.43	41.31
Profit Margin (%)	13.15	24.06	23.13	21.9	22.09	25.48	31.03	30.65	26.76	28.51	31.87
Net Income to Common Margin (%)	13.15	24.06	23.13	21.9	22.09	25.48	31.03	30.65	26.76	28.51	31.87
Effective Tax Rate (%)	34.83	30.72	35.27	21.88	23.79	21.19	22.25	22.15	20.39	23.84	22.86
Dvd Payout Ratio (%)	17.69	10.27	15.33	16.86	16.92	13.71	10.43	10.45	12	12.24	9.95
Sustainable Growth Rate (%)	- -	43.05	29.49	22.57	23	28.07	31.52	26.34	19.65	18.86	21.24

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	10	6	15	47	24	20	39	134	269	245	140
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	10	6	15	47	24	20	39	134	269	245	140
Total Debt/EBITDA	2.52	0.5	10.2	27.92	9.02	7.44	15.27	46.38	75.85	65.29	37.52
Net Debt/EBITDA	-6.39	-3.22	-3.6	-3.15	-10.06	-11.86	-6.41	19.13	63.25	32.46	4.87
Total Debt/EBIT	2.89	0.56	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-7.31	-3.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.79	2.48	3.34	3.28	3.31	3.21	3.44	3.79	4.08	4.45	5.22
Long-Term Debt/Equity (%)	14.01	7.8	17.07	42.13	16.17	12.13	21.54	97.27	132.87	105.34	46.57
Long-Term Debt/Capital (%)	45.03	24.21	35.83	57.19	34.5	25.39	32.32	55.57	67.12	60.53	41.41
Long-Term Debt/Total Assets (%)	1.46	0.79	1.87	4.39	1.74	1.09	1.64	4.74	8.33	6.83	3.69
Total Debt/Equity (%)	14.01	7.8	17.07	42.13	16.17	12.13	21.54	97.27	132.87	105.34	46.57
Total Debt/Capital (%)	45.03	24.21	35.83	57.19	34.5	25.39	32.32	55.57	67.12	60.53	41.41
Total Debt/Total Assets (%)	1.46	0.79	1.87	4.39	1.74	1.09	1.64	4.74	8.33	6.83	3.69
Net Debt to Equity	-35.46	-50.37	-6.02	-4.75	-18.04	-19.34	-9.05	40.11	110.8	52.38	6.05
Net Debt/Capital (%)	193.23	193.98	-24.52	-17.71	-142.42	-118.77	-25.1	34.02	63	43.26	8.41
EBITDA	4	13	2	2	3	3	3	3	4	4	4
EBITDA-CapEx	2	11	- -	1	-1	- -	-3	-3	-4	- -	-5
Operating Income (Loss)	4	11	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	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	1.79	2.48	3.34	3.28	3.31	3.21	3.44	3.79	4.08	4.45	5.22
Long-Term Debt/Equity (%)	14.01	7.8	17.07	42.13	16.17	12.13	21.54	97.27	132.87	105.34	46.57
Long-Term Debt/Capital (%)	45.03	24.21	35.83	57.19	34.5	25.39	32.32	55.57	67.12	60.53	41.41
Long-Term Debt/Total Assets (%)	1.46	0.79	1.87	4.39	1.74	1.09	1.64	4.74	8.33	6.83	3.69
Total Debt/Equity (%)	14.01	7.8	17.07	42.13	16.17	12.13	21.54	97.27	132.87	105.34	46.57
Total Debt/Capital (%)	45.03	24.21	35.83	57.19	34.5	25.39	32.32	55.57	67.12	60.53	41.41
Total Debt/Total Assets (%)	1.46	0.79	1.87	4.39	1.74	1.09	1.64	4.74	8.33	6.83	3.69
CFO/Total Liabilities	0.84	0.4	1.9	1.31	0.74	0.29	1.89	1.76	0.8	1.08	1.54
CFO/CapEx	2.62	1.63	10.86	16.35	2.86	2.01	7.32	8.57	3.09	9.82	6.34
Altman's Z-Score	0.06	0.11	0.08	0.17	0.16	0.13	0.13	0.13	0.13	0.13	0.11

Working Capital (USD)

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	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	- -	14.25	14.71	13.49	14.17	12.61	11.67	10.65	8.27	7.31	7.9
Days Sales Outstanding	- -	25.62	24.81	27.06	25.76	28.95	31.28	34.27	44.16	49.93	46.19
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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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	157	163	136	183	226	209	238	- -
- Cash & Cash Equivalents	37	48	21	52	50	53	56	79	45	123	121
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	10	6	15	47	24	20	39	134	269	245	140
Enterprise Value	-171	-225	-199	-77	-166	-389	-710	-385	-187	-39	-500
Total Capital	23	27	43	82	69	80	122	242	401	404	337
Total Debt/Capital (%)	45.03	24.21	35.83	57.19	34.5	25.39	32.32	55.57	67.12	60.53	41.41
Total Debt / EV	-0.06	-0.03	-0.08	-0.61	-0.14	-0.05	-0.06	-0.35	-1.44	-6.23	-0.28
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	159	166	138	185	229	212	240	- -
Diluted Enterprise Value	-27	-42	-5	154	139	105	169	285	437	362	18
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	18	33	36	39	50	67	81	91	100	110	132
TTM EBITDA	4	13	2	2	3	3	3	3	4	4	4
TTM Operating Income	4	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	5	3	14	13	9	5	42	47	24	36	54
TTM Free Cash Flow to Firm	7	5	15	13	12	7	48	53	32	40	62

Multiples (USD)

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	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	- -	- -	- -	11.97	13.6	18.91	3.9	4.33	6.57	6.04	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-171	-225	-199	-77	-166	-389	-710	-385	-187	-39	-500
Low Price	- -	- -	- -	20.7	28	17	21	26.51	29	28.25	30
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	18.4	14.7	7.98	7.31	8.09	7.82	7.6	- -
Price/Earnings Average	- -	- -	- -	15.55	15.03	7.9	7.34	7.61	8.29	7.38	- -
Price/Earnings High	- -	- -	- -	18.4	15.75	10.65	11.75	8.09	8.86	8.07	- -
Price/Earnings Low	- -	- -	- -	12.7	14.7	6.46	5.48	6.3	7.56	6.91	- -
Price/Book Value	- -	- -	- -	4.45	3.62	2.28	2.22	2.1	1.58	1.49	- -
Price/Book Value Average	- -	- -	- -	3.76	3.7	2.25	2.23	1.98	1.68	1.45	- -
Price/Book Value High	- -	- -	- -	4.45	3.88	3.04	3.57	2.1	1.8	1.58	- -
Price/Book Value Low	- -	- -	- -	3.07	3.62	1.84	1.67	1.64	1.53	1.36	- -
Price/Tangible Book Value	- -	- -	- -	1.79	1.43	1	1.21	2.09	1.2	1.17	- -
Price/Tangible Book Value Average	- -	- -	- -	1.51	1.47	0.99	1.21	1.96	1.28	1.14	- -
Price/Tangible Book Value High	- -	- -	- -	1.79	1.54	1.33	1.94	2.09	1.37	1.24	- -
Price/Tangible Book Value Low	- -	- -	- -	1.23	1.43	0.81	0.9	1.63	1.16	1.06	- -
Price/Sales	- -	- -	- -	4.03	3.25	2.03	2.27	2.48	2.09	2.17	- -
Price/Sales Average	- -	- -	- -	3.4	3.32	2.01	2.28	2.33	2.22	2.1	- -
Price/Sales High	- -	- -	- -	4.03	3.48	2.71	3.65	2.48	2.37	2.3	- -
Price/Sales Low	- -	- -	- -	2.78	3.25	1.65	1.7	1.93	2.02	1.97	- -
Price/Cash Flow	- -	- -	- -	12.48	18.06	28.01	4.38	4.76	8.57	6.59	- -
Price/Cash Flow Average	- -	- -	- -	10.54	18.46	27.7	4.39	4.48	9.09	6.4	- -
Price/Cash Flow High	- -	- -	- -	12.48	19.35	37.35	7.03	4.76	9.71	7	- -
Price/Cash Flow Low	- -	- -	- -	8.61	18.06	22.67	3.28	3.71	8.28	5.99	- -
Price/Free Cash Flow Average	- -	- -	- -	10.11	13.9	18.71	3.91	4.08	6.96	5.87	- -
Price/Free Cash Flow High	- -	- -	- -	11.97	14.57	25.22	6.26	4.33	7.44	6.41	- -
Price/Free Cash Flow Low	- -	- -	- -	8.26	13.6	15.31	2.92	3.38	6.35	5.49	- -
EV/Sales Average	- -	- -	- -	3.27	2.79	1.53	2.07	2.94	4.47	3.21	0.14
EV/Sales High	- -	- -	- -	3.89	2.95	2.23	3.44	3.09	4.62	3.41	0.14
EV/Sales Low	- -	- -	- -	2.64	2.72	1.16	1.5	2.54	4.27	3.08	0.14
EV/EBITDA Average	-6.39	-3.22	-3.6	75.47	53.31	37.36	64.88	92.49	125.67	94.17	4.87
EV/EBITDA High	-6.39	-3.22	-3.6	89.91	56.36	54.49	107.72	97.04	129.94	99.93	4.87
EV/EBITDA Low	-6.39	-3.22	-3.6	61.06	51.93	28.42	46.86	79.88	120.14	90.22	4.87
EV/EBIT Average	-7.31	-3.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	-7.31	-3.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	-7.31	-3.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	30	28	21	28	34	30	31.06	40
High Price	- -	- -	- -	30	30	28	44.99	34	34	33	40
Enterprise Value Average	-27	-42	-5	127	140	102	167	268	446	353	18
Enterprise Value High	-27	-42	-5	151	149	149	278	281	462	374	18
Enterprise Value Low	-27	-42	-5	103	137	78	121	231	427	338	18

	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	5	6	6	7	7	7	8	8	8
Diluted Weighted Avg Shares	5	5	5	5	6	7	7	7	7	8	- -
Basic Weighted Avg Shares	5	5	5	5	6	6	7	7	7	8	- -
Revenue per Share	3.54	6.46	7.04	7.45	8.62	10.32	12.34	13.72	14.33	14.34	- -
EBITDA per Share	0.82	2.54	0.3	0.32	0.45	0.42	0.39	0.44	0.51	0.49	- -
Operating Income per Share	0.71	2.24	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.47	1.55	1.63	1.63	1.9	2.63	3.83	4.21	3.84	4.09	- -
Basic EPS from Cont Ops	0.47	1.55	1.63	1.63	1.9	2.63	3.83	4.21	3.84	4.09	- -
Diluted EPS, GAAP	0.47	1.55	1.6	1.6	1.87	2.6	3.79	4.14	3.78	4.05	- -
Diluted EPS from Cont Ops	0.47	1.55	1.6	1.6	1.87	2.6	3.79	4.14	3.78	4.05	- -
Dividend per Share	0.08	0.16	0.25	0.27	0.32	0.36	0.4	0.44	0.46	0.5	- -
Cash Flow per Share	1.07	0.57	2.74	2.4	1.55	0.75	6.4	7.15	3.5	4.71	- -
Free Cash Flow per Basic Share	0.66	0.22	2.49	2.26	1.01	0.38	5.52	6.31	2.37	4.23	- -
Cash & Equivalents per Share	35.73	45.47	42.01	53.84	60.61	84.06	142.66	112.16	95.54	68.12	- -
Book Value per Share	2.52	3.96	5.4	6.74	7.74	9.22	12.6	16.19	18.94	20.83	- -
Tangible Book Value per Share	12.34	13.82	15.37	16.79	19.52	20.98	23.23	16.3	24.9	26.56	- -

River Financial Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)