SB Financial Group, Inc. Financial Ratios — SBFG 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 (%)	5.17	13.58	12.96	11.77	13.38	13.96	15.86	12.36	9.52	11.23	12.47	7.89	7.26	6.61	7.65
Return on Assets (%)	0.26	0.76	0.82	0.8	1.08	1.13	1.31	1.25	1.18	1.3	1.41	0.94	0.9	0.84	0.96
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 (%)	9.44	8.99	7.11	5.59	5.58	6.54	5.94	5.88	7.59	10.22	9.07	6.97	6.26	6.24	6.44
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	6.72	18.95	21.37	21.77	28.23	29.49	29.88	28.95	27.69	27.93	33.13	26.58	25.82	24.33	26.32
Profit Margin (%)	4.81	13.53	14.93	15.59	19.51	20.08	24.26	23.33	22.66	22.63	26.65	21.73	21.22	20.14	21.31
Net Income to Common Margin (%)	4.81	13.53	14.93	15.59	17.06	17.85	22.13	21.37	20.86	22.63	26.65	21.73	21.22	20.14	21.31
Effective Tax Rate (%)	28.34	28.61	30.12	28.38	30.88	31.91	18.79	19.43	18.17	18.95	19.57	18.25	17.82	17.22	19.01
Dvd Payout Ratio (%)	- -	- -	11.26	14.88	14.75	15.11	13.5	19.6	21.15	20.54	17.17	27.27	29.63	32.87	27.54
Sustainable Growth Rate (%)	5.17	13.58	11.5	10.02	11.41	11.85	13.72	9.94	7.5	8.92	10.33	5.74	5.11	4.43	5.55

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	34	23	17	30	35	26	18	16	16	8	25	80	103	55	55
ST Debt	20	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	14	22	17	30	35	26	18	16	16	8	25	80	103	55	55
Total Debt/EBITDA	10.52	7.1	6.69	15.91	16.07	9.26	6.83	5.46	3.99	1.19	4.03	19.83	28.94	15.4	12.96
Net Debt/EBITDA	5.97	1.11	1.39	0.96	6.68	3.32	-3	-11.03	-2.76	-20.54	-20.44	12.37	22.08	7.66	-4.25
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.25	5.93	6.72	6.86	7.18	7.26	7.76	10.59	12.24	11.05	11.58	12.23	12.64	12.87	12.14
Long-Term Debt/Equity (%)	29.34	41.2	29.48	39.64	43.08	30.62	19.68	12.27	11.76	5.6	17.28	67.21	83.03	42.89	38.76
Long-Term Debt/Capital (%)	20.87	36.25	28.09	32.99	34.45	26.57	18.41	11.9	11.18	5.44	13.97	32.77	37.81	23.55	22.58
Long-Term Debt/Total Assets (%)	2.24	3.44	2.63	4.38	4.77	3.25	2.11	1.62	1.54	0.64	1.88	5.96	7.69	3.96	3.54
Total Debt/Equity (%)	71.65	42.61	29.48	39.64	43.08	30.62	19.68	12.27	11.76	5.6	17.28	67.21	83.03	42.89	38.76
Total Debt/Capital (%)	50.97	37.49	28.09	32.99	34.45	26.57	18.41	11.9	11.18	5.44	13.97	32.77	37.81	23.55	22.58
Total Debt/Total Assets (%)	5.46	3.56	2.63	4.38	4.77	3.25	2.11	1.62	1.54	0.64	1.88	5.96	7.69	3.96	3.54
Net Debt to Equity	40.68	6.68	6.13	2.38	17.9	10.96	-8.63	-24.81	-8.13	-96.91	-87.7	41.92	63.33	21.33	-12.7
Net Debt/Capital (%)	37.11	8.59	7.52	2.87	17.92	11.47	-10.99	-37.58	-9.53	-26,233.52	-469.54	23.32	31.68	13.29	-10.57
EBITDA	3	3	2	2	2	3	3	3	4	7	6	4	4	4	4
EBITDA-CapEx	3	2	1	- -	-5	1	-1	1	2	5	4	2	3	2	2
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	5.25	5.93	6.72	6.86	7.18	7.26	7.76	10.59	12.24	11.05	11.58	12.23	12.64	12.87	12.14
Long-Term Debt/Equity (%)	29.34	41.2	29.48	39.64	43.08	30.62	19.68	12.27	11.76	5.6	17.28	67.21	83.03	42.89	38.76
Long-Term Debt/Capital (%)	20.87	36.25	28.09	32.99	34.45	26.57	18.41	11.9	11.18	5.44	13.97	32.77	37.81	23.55	22.58
Long-Term Debt/Total Assets (%)	2.24	3.44	2.63	4.38	4.77	3.25	2.11	1.62	1.54	0.64	1.88	5.96	7.69	3.96	3.54
Total Debt/Equity (%)	71.65	42.61	29.48	39.64	43.08	30.62	19.68	12.27	11.76	5.6	17.28	67.21	83.03	42.89	38.76
Total Debt/Capital (%)	50.97	37.49	28.09	32.99	34.45	26.57	18.41	11.9	11.18	5.44	13.97	32.77	37.81	23.55	22.58
Total Debt/Total Assets (%)	5.46	3.56	2.63	4.38	4.77	3.25	2.11	1.62	1.54	0.64	1.88	5.96	7.69	3.96	3.54
CFO/Total Liabilities	2.57	1.27	2.42	0.82	1.32	1.92	1.25	1.62	2.09	2.14	1.46	2.1	1.15	0.75	1.71
CFO/CapEx	21.93	8.9	12.11	2.62	1.2	8.57	2.64	6.93	9.22	12.07	7.11	13.49	14.6	7.69	9.24
Altman's Z-Score	0.12	0.15	0.17	0.17	0.18	0.2	0.21	0.22	0.24	0.23	0.23	0.21	0.21	0.23	0.22

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	18.67	24.79	27.71	25.7	29.97	31.56	27.33	21.47	17.83	19.12	20.41	16.44	13.03	11.91	12.61
Days Sales Outstanding	19.55	14.72	13.17	14.2	12.18	11.57	13.35	17	20.47	19.09	17.88	22.2	28.01	30.66	28.95
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	13	32	38	46	54	78	89	102	127	139	139	119	105	139	142
- Cash & Cash Equivalents	15	19	13	28	20	17	27	48	27	147	152	30	24	27	73
+ Preferred Equity and Hybrid Capital	- -	- -	- -	14	14	14	14	14	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	34	23	17	30	35	26	18	16	16	8	25	80	103	55	55
Enterprise Value	-80	-63	-48	-24	-7	12	12	-7	15	-149	-251	-70	-36	80	50
Total Capital	67	61	59	91	102	100	100	134	143	147	179	243	273	232	242
Total Debt/Capital (%)	50.97	37.49	28.09	32.99	34.45	26.57	18.41	11.9	11.18	5.44	13.97	32.77	37.81	23.55	22.58
Total Debt / EV	-0.43	-0.36	-0.35	-1.27	-5.11	2.28	1.52	-2.17	1.06	-0.05	-0.1	-1.13	-2.86	0.68	1.09
EV/Sales	- -	- -	- -	- -	- -	0.27	0.27	- -	0.29	- -	- -	- -	- -	1.41	0.77
EV/EBITDA	- -	- -	- -	- -	- -	4.07	4.48	- -	3.76	- -	- -	- -	- -	22.63	11.92
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	0.83	1.24	- -	0.8	- -	- -	- -	- -	8.5	2.1
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	0.74	0.9	- -	0.72	- -	- -	- -	- -	7.53	1.89
Diluted Market Cap	13	32	38	46	72	102	117	127	156	140	140	120	106	140	142
Diluted Enterprise Value	32	35	42	62	100	126	123	109	145	1	13	170	185	167	124
EV per Share	- -	- -	- -	- -	- -	2.27	2.4	- -	2.23	- -	- -	- -	- -	12.07	7.91
TTM Sales	35	36	35	34	39	44	46	50	53	66	69	58	57	57	66
TTM EBITDA	3	3	2	2	2	3	3	3	4	7	6	4	4	4	4
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	15	7	14	5	9	14	10	14	19	24	17	26	14	9	24
TTM Free Cash Flow to Firm	16	8	15	7	16	16	14	16	21	26	20	27	15	11	27

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	0.82	3.84	2.54	6.7	4.52	6.54	8.69	8.01	7.48	5.39	7.12	4.37	7.1	13.08	5.34
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-80	-63	-48	-24	-7	12	12	-7	15	-149	-251	-70	-36	80	50
Low Price	2.24	2.48	6.18	7.34	8.74	9.28	13.75	15.29	15.01	8.59	15.26	16.28	11.82	13.01	17.1
EV/Sales	- -	- -	- -	- -	- -	0.27	0.27	- -	0.29	- -	- -	- -	- -	1.41	0.77
EV/EBITDA	- -	- -	- -	- -	- -	4.07	4.48	- -	3.76	- -	- -	- -	- -	22.63	11.92
Price/Earnings	7.67	6.57	7.36	8.7	8.17	10.03	8.83	9.56	11.53	9.31	7.62	9.48	8.67	12.14	10.15
Price/Earnings Average	9.01	5.75	7.53	7.99	7.79	7.28	8.2	11.05	10.24	8.09	7.17	10.03	8.05	9.48	9.25
Price/Earnings High	13.84	8.1	8.93	8.98	8.7	11.52	9.91	11.93	11.71	10.44	7.78	11.66	9.77	13.35	11.16
Price/Earnings Low	6.87	2.63	6.07	7.14	6.73	6.09	6.89	9.33	9.23	4.59	6.21	9.11	6.67	7.55	7.79
Price/Book Value	0.39	0.84	0.9	0.98	1.03	1.32	1.31	0.98	1	1	0.9	0.73	0.62	0.78	0.76
Price/Book Value Average	0.45	0.73	0.92	0.9	0.99	0.96	1.22	1.13	0.89	0.87	0.85	0.77	0.57	0.61	0.69
Price/Book Value High	0.7	1.03	1.09	1.01	1.1	1.52	1.47	1.22	1.01	1.12	0.92	0.89	0.7	0.86	0.83
Price/Book Value Low	0.35	0.33	0.74	0.8	0.85	0.8	1.02	0.95	0.8	0.49	0.74	0.7	0.48	0.49	0.58
Price/Tangible Book Value	0.48	1	1.14	1.16	1.25	1.64	1.66	1.15	1.18	1.23	1.27	1.45	1.2	1.56	1.44
Price/Tangible Book Value Average	0.56	0.88	1.16	1.07	1.19	1.19	1.54	1.33	1.05	1.07	1.19	1.54	1.12	1.22	1.31
Price/Tangible Book Value High	0.86	1.23	1.38	1.2	1.33	1.88	1.86	1.43	1.2	1.38	1.3	1.79	1.35	1.71	1.58
Price/Tangible Book Value Low	0.43	0.4	0.94	0.95	1.03	1	1.3	1.12	0.95	0.61	1.03	1.4	0.93	0.97	1.1
Price/Sales	0.37	0.89	1.1	1.36	1.39	1.79	1.95	2.04	2.41	2.11	2.03	2.06	1.84	2.45	2.16
Price/Sales Average	0.43	0.78	1.12	1.25	1.33	1.3	1.82	2.36	2.14	1.83	1.91	2.18	1.71	1.91	1.97
Price/Sales High	0.67	1.1	1.33	1.4	1.48	2.06	2.19	2.55	2.44	2.36	2.07	2.53	2.07	2.69	2.38
Price/Sales Low	0.33	0.36	0.91	1.11	1.15	1.09	1.53	1.99	1.93	1.04	1.65	1.98	1.42	1.52	1.66
Price/Cash Flow	0.86	4.27	2.75	9.15	6.32	5.58	9.09	7.36	6.75	5.82	8.07	4.64	7.49	14.74	5.9
Price/Cash Flow Average	1.01	3.73	2.81	8.4	6.02	4.06	8.44	8.51	5.99	5.06	7.59	4.91	6.96	11.5	5.38
Price/Cash Flow High	1.54	5.26	3.33	9.44	6.73	6.41	10.2	9.19	6.85	6.52	8.24	5.71	8.45	16.21	6.49
Price/Cash Flow Low	0.77	1.71	2.26	7.5	5.2	3.39	7.09	7.18	5.4	2.87	6.58	4.46	5.77	9.17	4.53
Price/Free Cash Flow Average	0.96	3.35	2.6	6.16	4.32	4.75	8.07	9.26	6.64	4.68	6.7	4.62	6.59	10.21	4.87
Price/Free Cash Flow High	1.48	4.73	3.09	6.92	4.82	7.51	9.75	10	7.59	6.04	7.28	5.37	8.01	14.39	5.87
Price/Free Cash Flow Low	0.73	1.53	2.1	5.5	3.73	3.97	6.78	7.82	5.99	2.66	5.8	4.2	5.47	8.14	4.1
EV/Sales Average	1	0.88	1.22	1.71	2.06	1.84	1.94	1.99	1.93	- -	0.06	3.04	3.09	2.39	1.7
EV/Sales High	1.23	1.2	1.43	1.87	2.21	2.59	2.32	2.18	2.23	0.26	0.22	3.4	3.45	3.17	2.1
EV/Sales Low	0.89	0.46	1	1.58	1.88	1.62	1.65	1.63	1.72	- -	- -	2.84	2.8	2	1.39
EV/EBITDA Average	10.57	9.77	17.2	30.68	36.92	28.08	32.72	33.91	25.36	-2.62	0.63	43.66	49.36	38.27	26.37
EV/EBITDA High	13.03	13.31	20.14	33.44	39.7	39.62	39.06	37.11	29.41	2.59	2.44	48.75	55.2	50.78	32.66
EV/EBITDA Low	9.48	5.07	14.12	28.29	33.68	24.81	27.84	27.66	22.6	-10.36	-2.19	40.78	44.7	32.05	21.54
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	2.5	6.2	7.5	8.95	10.61	15.29	17.61	15.67	18.75	17.41	18.73	16.95	15.35	20.91	22.27
High Price	4.51	7.64	9.1	9.24	11.3	17.56	19.76	19.55	19.04	19.51	19.13	20.85	17.3	23	24.48
Enterprise Value Average	34	31	43	58	80	80	89	99	102	-18	4	175	176	136	111
Enterprise Value High	43	43	50	63	86	113	106	109	118	17	15	196	197	180	138
Enterprise Value Low	31	16	35	53	73	71	75	81	91	-70	-14	164	159	114	91

	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	5	5	5	5	5	7	8	8	7	7	7	6	6
Diluted Weighted Avg Shares	5	5	5	5	7	7	7	8	8	8	7	7	7	7	6
Basic Weighted Avg Shares	5	5	5	5	5	5	5	7	7	8	7	7	7	7	6
Revenue per Share	6.77	6.97	6.82	6.6	7.61	8.54	9.02	7.67	7.8	8.26	9.22	8.23	8.35	8.55	10.29
EBITDA per Share	0.64	0.63	0.49	0.37	0.42	0.56	0.54	0.45	0.59	0.84	0.84	0.57	0.52	0.53	0.66
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.33	0.94	1.02	1.03	1.3	1.52	1.99	1.64	1.63	1.87	2.46	1.79	1.77	1.72	2.19
Basic EPS from Cont Ops	0.33	0.94	1.02	1.03	1.49	1.72	2.19	1.79	1.77	1.87	2.46	1.79	1.77	1.72	2.19
Diluted EPS, GAAP	0.33	0.94	1.02	1.02	0.99	1.17	1.51	1.32	1.32	1.86	2.44	1.77	1.75	1.72	2.19
Diluted EPS from Cont Ops	0.33	0.94	1.02	1.02	1.13	1.31	1.66	1.44	1.44	1.86	2.44	1.77	1.75	1.72	2.19
Dividend per Share	- -	- -	0.11	0.15	0.38	0.42	0.46	0.47	0.48	0.38	0.42	0.49	0.52	0.57	0.6
Cash Flow per Share	2.92	1.45	2.73	0.98	1.68	2.74	1.94	2.13	2.78	2.99	2.32	3.65	2.05	1.42	3.77
Free Cash Flow per Basic Share	2.79	1.29	2.5	0.61	0.28	2.42	1.2	1.82	2.48	2.74	1.99	3.38	1.91	1.23	3.37
Cash & Equivalents per Share	24.84	23.08	20.15	22.17	21.5	20.92	21.63	21.41	18.88	37.02	55.86	38.36	35.76	17.05	22.96
Book Value per Share	6.47	7.41	8.31	9.17	10.26	11.57	13.45	16.06	18.76	17.39	20.73	23.31	24.87	26.65	29.46
Tangible Book Value per Share	5.24	6.19	6.59	7.69	8.52	9.32	10.62	13.63	15.83	14.15	14.75	11.66	12.77	13.42	15.52

SB Financial Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)