Seacoast Banking Corporation of Florida Financial Ratios — SBCF

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 (%)	- -	- -	- -	- -	- -	- -	- -	98.34	65.14	33.58	39.7	26.78	22.94	23.93	24.85
Return on Assets (%)	0.32	-0.03	2.34	0.21	0.67	0.71	0.82	1.07	1.43	1.01	1.38	0.98	0.78	0.81	0.8
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 (%)	3.38	3.19	2.94	3.02	1.54	1.6	2.09	1.99	2.84	0.53	-1.11	2.46	0.07	3.73	6.09
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	8.07	-0.8	13.09	10.26	25.22	24.86	33.74	33.47	42.82	31.01	45.78	31.96	23.66	30.24	28.58
Profit Margin (%)	8.07	-0.8	58.64	5.71	15.66	16.46	18.26	25.72	32.87	23.98	35.88	24.64	18.34	23.47	22.2
Net Income to Common Margin (%)	3.53	-5	54.05	5.71	15.66	16.46	18.26	25.72	32.87	23.98	35.88	24.64	18.34	23.47	21.87
Effective Tax Rate (%)	- -	- -	- -	44.38	37.92	33.77	45.88	23.14	23.23	22.69	21.63	22.9	22.51	22.37	22.32
Dvd Payout Ratio (%)	107.13	27.99	-2.62	- -	- -	- -	- -	- -	- -	- -	18.09	38.72	58.24	50.96	45.95
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	98.34	65.14	33.58	32.52	16.41	9.58	11.74	13.43

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	104	104	104	115	120	485	282	451	386	71	72	235	156	352	948
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	104	104	104	115	120	485	282	451	386	71	72	235	156	352	948
Total Debt/EBITDA	37.07	36.39	39.79	38.04	55.23	170.98	57.25	86.78	45.25	41.61	-18.61	22.06	369.51	18.32	23.84
Net Debt/EBITDA	-22.71	-25.07	-33.8	4.66	-7.42	132.35	32.43	62.87	30.21	-194.44	173.01	2.76	-701.51	-6.66	13.71
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-4.9	-5.37	-3.01	-1.99	-1.12	-0.21	0.6	1.51	2.83	3.14	3.76	3.55	3.26	3.53	2.94
Long-Term Debt/Equity (%)	60.92	62.59	52.17	36.65	33.94	111.45	40.82	52.16	39.17	6.31	5.47	14.59	7.41	16.12	31.02
Long-Term Debt/Capital (%)	223.18	290.7	293.69	216.67	148.95	102.07	89.05	81.52	65.77	21.39	16.43	35.24	24.73	39.67	49.76
Long-Term Debt/Total Assets (%)	4.85	4.77	4.57	3.7	3.39	10.37	4.85	6.68	5.43	0.86	0.74	1.93	1.07	2.32	4.55
Total Debt/Equity (%)	60.92	62.59	52.17	36.65	33.94	111.45	40.82	52.16	39.17	6.31	5.47	14.59	7.41	16.12	31.02
Total Debt/Capital (%)	223.18	290.7	293.69	216.67	148.95	102.07	89.05	81.52	65.77	21.39	16.43	35.24	24.73	39.67	49.76
Total Debt/Total Assets (%)	4.85	4.77	4.57	3.7	3.39	10.37	4.85	6.68	5.43	0.86	0.74	1.93	1.07	2.32	4.55
Net Debt to Equity	-37.32	-43.12	-44.32	4.49	-4.56	86.27	23.12	37.79	26.16	-29.5	-50.82	1.83	-14.08	-5.86	17.83
Net Debt/Capital (%)	52.6	51.22	56.29	-29.47	29	102.69	82.17	76.16	56.2	468.05	220.82	6.38	-165.72	-31.38	36.28
EBITDA	3	3	3	3	2	3	5	5	9	2	-4	11	- -	19	40
EBITDA-CapEx	2	-1	- -	-3	-7	-3	-1	1	6	- -	-8	-2	-10	15	31
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	-4.9	-5.37	-3.01	-1.99	-1.12	-0.21	0.6	1.51	2.83	3.14	3.76	3.55	3.26	3.53	2.94
Long-Term Debt/Equity (%)	60.92	62.59	52.17	36.65	33.94	111.45	40.82	52.16	39.17	6.31	5.47	14.59	7.41	16.12	31.02
Long-Term Debt/Capital (%)	223.18	290.7	293.69	216.67	148.95	102.07	89.05	81.52	65.77	21.39	16.43	35.24	24.73	39.67	49.76
Long-Term Debt/Total Assets (%)	4.85	4.77	4.57	3.7	3.39	10.37	4.85	6.68	5.43	0.86	0.74	1.93	1.07	2.32	4.55
Total Debt/Equity (%)	60.92	62.59	52.17	36.65	33.94	111.45	40.82	52.16	39.17	6.31	5.47	14.59	7.41	16.12	31.02
Total Debt/Capital (%)	223.18	290.7	293.69	216.67	148.95	102.07	89.05	81.52	65.77	21.39	16.43	35.24	24.73	39.67	49.76
Total Debt/Total Assets (%)	4.85	4.77	4.57	3.7	3.39	10.37	4.85	6.68	5.43	0.86	0.74	1.93	1.07	2.32	4.55
CFO/Total Liabilities	1.21	-0.1	2.41	0.79	0.93	1.46	0.96	2.2	1.92	0.84	1.85	1.86	1.21	1.38	1.06
CFO/CapEx	22.19	-0.54	17.7	3.61	3.25	10.24	8.57	32.25	46.67	38.22	35.72	15.49	14.63	44.6	20.5
Altman's Z-Score	0.01	0.01	0.06	0.08	0.12	0.15	0.17	0.19	0.24	0.22	0.23	0.2	0.2	0.19	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	142	151	237	379	502	813	1,074	1,248	1,573	1,576	2,003	1,987	2,385	2,323	2,774
- Cash & Cash Equivalents	167	175	192	101	136	110	122	124	128	405	738	205	453	480	403
+ Preferred Equity and Hybrid Capital	47	49	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	343
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	104	104	104	115	120	485	282	451	386	71	72	235	156	352	948
Enterprise Value	-522	-515	-492	-349	-305	238	284	709	884	-156	-308	145	252	-32	-1,121
Total Capital	46	36	35	53	81	475	316	553	587	334	436	666	632	887	1,905
Total Debt/Capital (%)	223.18	290.7	293.69	216.67	148.95	102.07	89.05	81.52	65.77	21.39	16.43	35.24	24.73	39.67	49.76
Total Debt / EV	-0.2	-0.2	-0.21	-0.33	-0.39	2.03	0.99	0.64	0.44	-0.46	-0.23	1.62	0.62	-11.08	-0.85
EV/Sales	- -	- -	- -	- -	- -	1.34	1.21	2.71	2.94	- -	- -	0.33	0.44	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	84.03	57.82	136.46	103.57	- -	- -	13.6	596.2	0.09	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	3.85	5.81	5.47	7.51	- -	- -	0.74	1.67	0.01	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	3.5	5.2	5.31	7.35	- -	- -	0.69	1.57	0.01	- -
Diluted Market Cap	143	152	240	381	505	827	1,093	1,268	1,591	1,588	2,020	2,004	2,400	2,341	2,800
Diluted Enterprise Value	127	130	152	395	489	1,203	1,252	1,595	1,848	1,255	1,354	2,034	2,103	2,213	3,688
EV per Share	- -	- -	- -	- -	- -	6.47	6.67	14.78	17.18	- -	- -	2.27	3.01	0.02	- -
TTM Sales	83	89	89	100	141	177	235	262	300	324	347	432	567	515	653
TTM EBITDA	3	3	3	3	2	3	5	5	9	2	-4	11	- -	19	40
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	24	-2	50	22	30	62	49	130	118	61	155	196	151	180	188
TTM Free Cash Flow to Firm	25	2	53	28	39	68	55	134	120	62	159	209	161	184	197

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	5.75	85.62	4.55	13.6	13.1	12.16	20.01	9.49	13.22	25.52	12.71	9.61	14.92	12.73	14.19
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-522	-515	-492	-349	-305	238	284	709	884	-156	-308	145	252	-32	-1,121
Low Price	5.8	6.6	7.75	10	12.02	13.4	20.58	21.74	22.35	13.3	28.52	29.05	17.93	21.9	21.36
EV/Sales	- -	- -	- -	- -	- -	1.34	1.21	2.71	2.94	- -	- -	0.33	0.44	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	84.03	57.82	136.46	103.57	- -	- -	13.6	596.2	0.09	- -
Price/Earnings	48.69	- -	4.95	66.48	22.66	27.85	25.06	18.55	15.93	20.26	16.1	18.66	22.92	19.2	19.43
Price/Earnings Average	51.03	-33.29	4.27	54.67	22.22	20.99	23.59	20.32	14.01	15.33	15.78	20.17	19.81	17.98	17.47
Price/Earnings High	62.15	-40.79	5.07	68.85	25.64	28.93	26.97	24.92	16.37	21.24	18.62	23.51	27.41	22.09	20.55
Price/Earnings Low	37.16	-27.76	3.15	48.35	18.18	16.92	20.46	15.5	11.65	9.15	12.97	17.38	14.44	15.27	13.21
Price/Book Value	-1.36	-1.29	-3.47	-6.14	-12.73	-82.54	31.04	12.21	7.83	6.01	5.49	4.61	5.01	4.34	4.52
Price/Book Value Average	-1.42	-1.27	-2.99	-5.05	-12.48	-62.21	29.21	13.37	6.88	4.55	5.39	4.98	4.33	4.06	4.06
Price/Book Value High	-1.73	-1.56	-3.56	-6.36	-14.4	-85.72	33.41	16.4	8.04	6.3	6.35	5.81	5.99	4.99	4.78
Price/Book Value Low	-1.04	-1.06	-2.21	-4.46	-10.21	-50.14	25.34	10.2	5.72	2.71	4.43	4.29	3.16	3.45	3.07
Price/Tangible Book Value	1.18	1.31	1.2	1.35	1.57	2.28	2.05	1.97	2.07	1.77	1.92	1.88	1.86	1.68	1.87
Price/Tangible Book Value Average	1.24	1.29	1.03	1.11	1.54	1.72	1.93	2.16	1.82	1.34	1.88	2.03	1.61	1.58	1.68
Price/Tangible Book Value High	1.51	1.58	1.23	1.4	1.78	2.37	2.21	2.65	2.13	1.85	2.22	2.37	2.23	1.94	1.98
Price/Tangible Book Value Low	0.9	1.07	0.76	0.98	1.26	1.39	1.68	1.65	1.51	0.8	1.55	1.75	1.17	1.34	1.27
Price/Sales	1.72	1.69	2.68	3.79	3.55	4.59	4.58	4.77	5.24	4.86	5.78	4.6	4.2	4.51	4.25
Price/Sales Average	1.8	1.66	2.31	3.12	3.48	3.46	4.31	5.23	4.61	3.68	5.66	4.97	3.63	4.22	3.82
Price/Sales High	2.19	2.04	2.74	3.93	4.01	4.76	4.92	6.41	5.38	5.09	6.68	5.79	5.03	5.19	4.49
Price/Sales Low	1.31	1.39	1.7	2.76	2.85	2.79	3.74	3.99	3.83	2.19	4.65	4.28	2.65	3.58	2.89
Price/Cash Flow	5.99	-73.19	4.76	17.25	17	13.12	21.96	9.63	13.36	25.98	12.96	10.15	15.83	12.91	14.75
Price/Cash Flow Average	6.27	-71.98	4.1	14.19	16.67	9.89	20.67	10.55	11.75	19.66	12.7	10.97	13.69	12.09	13.26
Price/Cash Flow High	7.64	-88.2	4.87	17.87	19.24	13.62	23.64	12.94	13.73	27.23	14.98	12.79	18.93	14.86	15.6
Price/Cash Flow Low	4.57	-60.01	3.02	12.55	13.64	7.97	17.93	8.05	9.77	11.73	10.44	9.45	9.98	10.27	10.03
Price/Free Cash Flow Average	6.02	84.2	3.92	11.18	12.84	9.16	18.83	10.39	11.63	19.31	12.47	10.4	12.89	11.92	12.76
Price/Free Cash Flow High	7.33	103.17	4.66	14.08	14.82	12.63	21.53	12.75	13.59	26.75	14.71	12.12	17.83	14.65	15.01
Price/Free Cash Flow Low	4.39	70.2	2.89	9.89	10.51	7.38	16.33	7.93	9.67	11.52	10.25	8.95	9.4	10.13	9.65
EV/Sales Average	1.61	1.41	1.31	3.26	3.36	5.57	4.99	6.47	5.46	2.65	3.74	5.04	3.11	3.97	5.18
EV/Sales High	2	1.79	1.75	4.07	3.9	6.88	5.6	7.66	6.24	4.06	4.76	5.86	4.5	4.94	5.86
EV/Sales Low	1.12	1.13	0.71	2.9	2.73	4.9	4.41	5.24	4.69	1.17	2.73	4.35	2.13	3.34	4.25
EV/EBITDA Average	47.58	44.18	44.72	108.05	219.07	348.37	238.05	325.96	192.31	500.8	-336.96	204.83	4,171.27	106.61	85.07
EV/EBITDA High	59.19	55.93	59.49	134.86	253.98	430	267.55	385.59	219.66	768.59	-428.57	238.28	6,040.13	132.48	96.14
EV/EBITDA Low	33.09	35.51	24.09	96.09	177.95	306.44	210.79	263.61	164.97	220.47	-246.17	176.81	2,850.58	89.53	69.78
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	7.6	8.05	12.2	13.75	14.98	22.06	25.21	26.02	30.57	29.45	35.39	31.19	28.46	27.53	31.42
High Price	9.7	9.7	12.49	14.24	16.95	22.91	27.13	34.95	31.42	30.87	40.93	39.31	34.03	31.68	33.23
Enterprise Value Average	133	126	116	325	476	989	1,170	1,693	1,641	859	1,297	2,178	1,764	2,048	3,381
Enterprise Value High	165	159	155	406	552	1,220	1,316	2,003	1,874	1,318	1,650	2,534	2,555	2,545	3,821
Enterprise Value Low	92	101	63	289	387	870	1,036	1,369	1,408	378	948	1,880	1,206	1,720	2,773

	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	19	19	24	33	34	38	47	51	52	55	59	72	85	86	98
Diluted Weighted Avg Shares	19	19	20	28	34	38	43	49	52	54	57	64	84	85	89
Basic Weighted Avg Shares	19	19	19	28	33	37	43	48	51	54	57	64	84	84	88
Revenue per Share	4.42	4.76	4.56	3.62	4.22	4.81	5.51	5.45	5.84	6.06	6.13	6.79	6.77	6.11	7.39
EBITDA per Share	0.15	0.15	0.13	0.11	0.06	0.08	0.12	0.11	0.17	0.03	-0.07	0.17	0.01	0.23	0.45
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.16	-0.24	2.46	0.21	0.66	0.79	1.01	1.4	1.92	1.45	2.2	1.67	1.24	1.43	1.62
Basic EPS from Cont Ops	0.36	-0.04	2.67	0.21	0.66	0.79	1.01	1.4	1.92	1.45	2.2	1.67	1.24	1.43	1.64
Diluted EPS, GAAP	0.16	-0.24	2.44	0.21	0.66	0.78	0.99	1.38	1.9	1.44	2.18	1.66	1.23	1.42	1.6
Diluted EPS from Cont Ops	0.36	-0.04	2.65	0.21	0.66	0.78	0.99	1.38	1.9	1.44	2.18	1.66	1.23	1.42	1.63
Dividend per Share	0.37	0.13	0.14	- -	- -	- -	- -	- -	- -	- -	0.4	0.65	0.72	0.73	0.77
Cash Flow per Share	1.27	-0.11	2.56	0.8	0.88	1.68	1.15	2.7	2.29	1.13	2.73	3.07	1.8	2.13	2.13
Free Cash Flow per Basic Share	1.21	-0.31	2.42	0.58	0.61	1.52	1.01	2.62	2.24	1.1	2.66	2.88	1.67	2.08	2.03
Cash & Equivalents per Share	43.6	43.63	42.84	30.57	27.67	28.75	25.15	20.64	20.9	33.7	42.1	32.6	27.32	32.08	58.75
Book Value per Share	-5.6	-6.23	-3.51	-2.24	-1.18	-0.27	0.81	2.13	3.91	4.9	6.44	6.77	5.68	6.34	6.95
Tangible Book Value per Share	6.43	6.15	10.17	10.16	9.54	9.66	12.27	13.21	14.78	16.68	18.45	16.58	15.27	16.35	16.79

Seacoast Banking Corporation of Florida

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)