Simmons First National Corporation Financial Ratios — SFNC

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 (%)	8.78	9.16	7.4	10.85	20.43	23.02	19.15	36.2	31.17	29.09	27.16	21.81	13.53	11.27	-35.43
Return on Assets (%)	0.76	0.81	0.59	0.79	1.22	1.21	0.79	1.37	1.26	1.17	1.15	0.98	0.64	0.56	-1.55
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 (%)	3.9	3.56	3.72	3.53	3.75	4.17	4.37	4.17	4.59	5.7	6.15	5.59	6.13	6.05	43.45
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	23.01	25.82	19.77	22.4	29.46	35.22	32.17	39.01	38.25	37.14	43.27	35.03	25.67	22.46	-561.88
Profit Margin (%)	16.31	17.86	14.11	15.89	20.42	23.77	19.3	31.62	30.12	29.61	35.29	29.3	22.4	20.02	-423.34
Net Income to Common Margin (%)	16.31	17.86	14.11	15.89	20.35	23.77	19.3	31.62	30.08	29.6	35.28	29.3	22.4	20.02	-423.34
Effective Tax Rate (%)	29.12	30.82	28.6	29.04	30.67	32.5	40.01	18.93	21.25	20.29	18.44	16.36	12.73	10.87	- -
Dvd Payout Ratio (%)	51.85	48.75	59	43.04	36.47	29.7	37.78	25.8	26.88	29.27	29.08	36.7	57.67	69.05	-28.94
Sustainable Growth Rate (%)	4.23	4.7	3.03	6.18	12.98	16.18	11.92	26.86	22.79	20.58	19.26	13.81	5.73	3.49	-45.69

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	121	110	138	135	223	334	1,521	1,699	1,686	1,725	1,722	1,225	1,339	1,112	620
ST Debt	- -	- -	- -	- -	- -	- -	75	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	121	110	138	135	223	334	1,446	1,699	1,686	1,725	1,722	1,225	1,339	1,112	620
Total Debt/EBITDA	20.01	19.95	22.48	17.06	16.32	19.65	72.2	59.81	46.5	35.18	36.47	25.03	27.96	24.11	15.19
Net Debt/EBITDA	-73.98	-73.49	-65.56	-25.29	-3.19	2.55	43.64	30.3	18.88	-35.66	1.47	11.08	15.13	9.2	-2.26
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	8.89	8.77	7.27	7.3	5.11	5.41	3.43	4.09	4	4.03	4.43	4.58	4.87	5.13	3.53
Long-Term Debt/Equity (%)	29.69	27.1	34.1	27.37	20.7	28.98	69.35	75.65	56.4	57.95	53.01	37.48	39.06	31.5	18.13
Long-Term Debt/Capital (%)	29.08	26.25	30.17	28.52	34.82	42.32	70.99	71.55	66.46	65.64	61.14	49.36	50.14	44.65	41.73
Long-Term Debt/Total Assets (%)	3.65	3.12	3.14	2.91	2.95	3.97	9.6	10.27	7.93	7.71	6.97	4.46	4.89	4.14	2.53
Total Debt/Equity (%)	29.75	27.1	34.1	27.37	20.7	28.98	72.95	75.65	56.4	57.95	53.01	37.48	39.06	31.5	18.13
Total Debt/Capital (%)	29.15	26.25	30.17	28.52	34.82	42.32	74.67	71.55	66.46	65.64	61.14	49.36	50.14	44.65	41.73
Total Debt/Total Assets (%)	3.66	3.12	3.14	2.91	2.95	3.97	10.1	10.27	7.93	7.71	6.97	4.46	4.89	4.14	2.53
Net Debt to Equity	-110.03	-99.84	-99.46	-40.58	-4.04	3.76	44.1	38.33	22.91	-58.75	2.14	16.59	21.14	12.02	-2.69
Net Debt/Capital (%)	291.83	421.52	484.34	-144.86	-11.65	8.7	64.06	56.02	44.59	206.73	5.98	30.14	35.24	23.53	-11.9
EBITDA	6	6	6	8	14	17	21	28	36	49	47	49	48	46	41
EBITDA-CapEx	-8	3	1	-3	-1	-2	-13	-1	-32	36	-1	14	15	1	3
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	8.89	8.77	7.27	7.3	5.11	5.41	3.43	4.09	4	4.03	4.43	4.58	4.87	5.13	3.53
Long-Term Debt/Equity (%)	29.69	27.1	34.1	27.37	20.7	28.98	69.35	75.65	56.4	57.95	53.01	37.48	39.06	31.5	18.13
Long-Term Debt/Capital (%)	29.08	26.25	30.17	28.52	34.82	42.32	70.99	71.55	66.46	65.64	61.14	49.36	50.14	44.65	41.73
Long-Term Debt/Total Assets (%)	3.65	3.12	3.14	2.91	2.95	3.97	9.6	10.27	7.93	7.71	6.97	4.46	4.89	4.14	2.53
Total Debt/Equity (%)	29.75	27.1	34.1	27.37	20.7	28.98	72.95	75.65	56.4	57.95	53.01	37.48	39.06	31.5	18.13
Total Debt/Capital (%)	29.15	26.25	30.17	28.52	34.82	42.32	74.67	71.55	66.46	65.64	61.14	49.36	50.14	44.65	41.73
Total Debt/Total Assets (%)	3.66	3.12	3.14	2.91	2.95	3.97	10.1	10.27	7.93	7.71	6.97	4.46	4.89	4.14	2.53
CFO/Total Liabilities	1.01	1.16	0.91	0.28	1.3	1.26	0.88	1.59	1.4	1.04	1.29	1.33	2.26	1.82	2.13
CFO/CapEx	2.04	15.91	7.56	1.03	5.69	4.82	3.35	7.63	3.78	15.26	5.8	9.14	16.35	9.36	11.79
Altman's Z-Score	0.27	0.25	0.23	0.25	0.27	0.29	0.21	0.2	0.2	0.17	0.19	0.17	0.16	0.18	0.13

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	9.58	10.45	10.91	13.85	17.11	15.2	13.5	14.6	14.04	12.73	10.56	9.95	6.94	6.21	0.83
Days Sales Outstanding	38.12	34.92	33.47	26.35	21.34	24.01	27.03	25.01	26	28.68	34.58	36.68	52.62	58.78	441.74
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	471	429	607	686	1,555	1,909	2,627	2,228	3,044	2,377	3,250	2,742	2,484	2,787	2,531
- Cash & Cash Equivalents	570	515	539	336	266	290	601	838	1,001	3,474	1,653	683	614	687	712
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	31	- -	- -	- -	1	1	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	121	110	138	135	223	334	1,521	1,699	1,686	1,725	1,722	1,225	1,339	1,112	620
Enterprise Value	22	23	205	180	721	795	1,957	938	441	-2,845	-3,794	-569	56	682	226
Total Capital	416	419	456	474	640	788	2,036	2,375	2,537	2,628	2,817	2,482	2,669	2,490	1,486
Total Debt/Capital (%)	29.15	26.25	30.17	28.52	34.82	42.32	74.67	71.55	66.46	65.64	61.14	49.36	50.14	44.65	41.73
Total Debt / EV	5.52	4.7	0.67	0.75	0.31	0.42	0.78	1.81	3.82	-0.61	-0.45	-2.15	23.98	1.63	2.74
EV/Sales	0.14	0.15	1.25	0.8	1.98	1.95	4.06	1.37	0.56	- -	- -	- -	0.07	0.89	2.41
EV/EBITDA	3.62	4.25	33.54	22.74	52.81	46.81	92.92	33	12.17	- -	- -	- -	1.17	14.78	5.54
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	0.74	0.65	5.69	15.49	8.55	8.72	17.08	4.13	1.72	- -	- -	- -	0.1	1.6	0.5
EV/Free Cash Flow to Firm	0.5	0.61	5.03	7.86	7.27	7.22	13.15	3.65	1.36	- -	- -	- -	0.1	1.45	0.46
Diluted Market Cap	471	429	608	688	1,555	1,917	2,627	2,228	3,044	2,377	3,256	2,742	2,484	2,787	2,540
Diluted Enterprise Value	22	23	206	487	1,542	1,961	3,547	3,089	3,730	629	3,326	3,284	3,208	3,211	2,448
EV per Share	0.64	0.69	6.29	5.34	11.91	12.94	21.27	10.15	3.88	- -	- -	- -	0.45	5.43	1.68
TTM Sales	156	155	165	225	364	407	482	682	791	861	768	875	782	763	94
TTM EBITDA	6	6	6	8	14	17	21	28	36	49	47	49	48	46	41
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	30	36	36	12	84	91	115	227	256	203	278	322	541	426	450
TTM Free Cash Flow to Firm	44	38	41	23	99	110	149	257	324	216	326	357	574	471	488

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	10.7	11.18	14.87	29.99	15.68	17.42	17.66	8.68	9.4	11.01	10	7.67	4.33	5.91	5.21
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	22	23	205	180	721	795	1,957	938	441	-2,845	-3,794	-569	56	682	226
Low Price	9.36	11.18	11.58	16.01	17.86	19.15	24.88	22.64	22.08	13.75	21.23	19.34	13.36	16.03	17
EV/Sales	0.14	0.15	1.25	0.8	1.98	1.95	4.06	1.37	0.56	- -	- -	- -	0.07	0.89	2.41
EV/EBITDA	3.62	4.25	33.54	22.74	52.81	46.81	92.92	33	12.17	- -	- -	- -	1.17	14.78	5.54
Price/Earnings	18.56	15.49	26.14	19.23	20.98	19.72	28.27	10.33	12.8	9.33	11.99	10.69	14.19	18.25	- -
Price/Earnings Average	17.47	15.1	19.71	18.32	18.78	15.42	27.53	12.57	11.91	8.16	11.82	12.25	13.01	16.54	-6.66
Price/Earnings High	20.57	17.43	27.11	20.44	24.01	21.26	31.34	14.32	13.32	11.61	13.55	16.01	16.93	21.35	-7.92
Price/Earnings Low	12.77	13.66	16.29	15.14	14.59	12.15	24.64	9.69	10.55	5.94	8.6	9.58	9.55	13.19	-5.74
Price/Book Value	1.6	1.39	1.9	2.02	4.03	4.2	5.09	3.3	3.58	2.63	2.97	2.18	1.87	2.02	2.92
Price/Book Value Average	1.5	1.35	1.44	1.93	3.6	3.28	4.96	4.01	3.33	2.31	2.93	2.5	1.71	1.83	3.06
Price/Book Value High	1.77	1.56	1.98	2.15	4.61	4.53	5.65	4.57	3.73	3.28	3.36	3.27	2.23	2.37	3.63
Price/Book Value Low	1.1	1.22	1.19	1.59	2.8	2.59	4.44	3.09	2.95	1.68	2.13	1.95	1.26	1.46	2.64
Price/Tangible Book Value	1.36	1.25	1.96	1.89	2.34	2.55	2.31	1.7	1.69	1.33	1.63	1.51	1.25	1.32	1.26
Price/Tangible Book Value Average	1.28	1.22	1.48	1.8	2.09	1.99	2.25	2.07	1.57	1.16	1.6	1.73	1.14	1.2	1.32
Price/Tangible Book Value High	1.51	1.41	2.03	2.01	2.68	2.74	2.56	2.36	1.75	1.65	1.84	2.25	1.49	1.54	1.56
Price/Tangible Book Value Low	0.94	1.11	1.22	1.49	1.63	1.57	2.02	1.6	1.39	0.85	1.17	1.35	0.84	0.95	1.13
Price/Sales	3.03	2.77	3.69	3.06	4.27	4.69	5.46	3.27	3.85	2.76	4.23	3.13	3.18	3.65	26.95
Price/Sales Average	2.85	2.7	2.78	2.91	3.82	3.67	5.31	3.98	3.58	2.42	4.17	3.59	2.92	3.31	28.21
Price/Sales High	3.36	3.11	3.83	3.25	4.89	5.05	6.05	4.53	4.01	3.44	4.78	4.69	3.79	4.27	33.51
Price/Sales Low	2.08	2.44	2.3	2.41	2.97	2.89	4.76	3.07	3.17	1.76	3.04	2.81	2.14	2.64	24.3
Price/Cash Flow	15.93	11.88	16.82	58.92	18.43	20.94	22.93	9.82	11.89	11.73	11.7	8.51	4.59	6.54	5.63
Price/Cash Flow Average	15	11.59	12.69	56.12	16.5	16.38	22.33	11.95	11.06	10.27	11.54	9.75	4.21	5.93	5.89
Price/Cash Flow High	17.66	13.37	17.45	62.63	21.09	22.58	25.42	13.61	12.37	14.61	13.22	12.74	5.48	7.66	7
Price/Cash Flow Low	10.96	10.48	10.49	46.4	12.82	12.91	19.99	9.21	9.8	7.47	8.4	7.63	3.09	4.73	5.08
Price/Free Cash Flow Average	10.07	10.9	11.22	28.57	14.03	13.63	17.19	10.57	8.74	9.64	9.86	8.79	3.97	5.36	5.45
Price/Free Cash Flow High	11.86	12.59	15.42	31.88	17.94	18.78	19.58	12.03	9.78	13.71	11.3	11.48	5.16	6.92	6.48
Price/Free Cash Flow Low	7.36	9.86	9.27	23.62	10.9	10.74	15.39	8.14	7.75	7.01	7.18	6.87	2.91	4.27	4.7
EV/Sales Average	- -	0.08	0.34	2.02	3.79	3.77	7.22	5.24	4.45	0.39	4.26	4.21	3.84	3.87	27.23
EV/Sales High	0.47	0.5	1.39	2.36	4.85	5.16	7.96	5.79	4.87	1.41	4.87	5.31	4.72	4.83	32.53
EV/Sales Low	- -	- -	- -	1.51	2.94	2.99	6.66	4.33	4.04	- -	3.13	3.43	3.07	3.2	23.32
EV/EBITDA Average	-0.92	2.31	9.18	57.11	101.01	90.47	165.1	125.77	97	6.77	69.33	75.23	62.71	63.95	62.66
EV/EBITDA High	12.07	13.99	37.22	66.67	129.38	123.73	181.94	139.03	106.25	24.69	79.27	94.92	77.04	79.9	74.87
EV/EBITDA Low	-20.57	-4.95	-3.79	42.84	78.28	71.82	152.36	103.89	88.1	-4.78	50.88	61.26	50.06	52.87	53.68
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	13.6	12.68	18.58	20.33	25.68	31.08	28.55	24.13	26.79	21.59	29.58	21.58	19.84	22.18	18.85
High Price	15.08	14.27	19.27	21.61	29.38	33.5	31.65	33.45	27.87	26.88	33.43	32.31	23.68	25.95	23.44
Enterprise Value Average	-6	13	56	453	1,379	1,536	3,477	3,573	3,517	332	3,274	3,683	3,003	2,949	2,557
Enterprise Value High	73	77	228	529	1,767	2,101	3,832	3,950	3,852	1,211	3,743	4,647	3,689	3,685	3,055
Enterprise Value Low	-125	-27	-23	340	1,069	1,219	3,209	2,952	3,194	-234	2,402	2,999	2,397	2,438	2,190

	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	34	33	32	36	61	63	92	92	114	108	113	127	125	126	145
Diluted Weighted Avg Shares	35	34	33	34	61	62	92	92	114	110	110	127	125	126	135
Basic Weighted Avg Shares	35	34	33	34	61	61	92	92	114	110	110	127	125	126	134
Revenue per Share	4.49	4.58	5.04	6.65	6.01	6.63	5.23	7.39	6.96	7.82	6.99	6.89	6.24	6.07	0.7
EBITDA per Share	0.18	0.16	0.19	0.23	0.23	0.28	0.23	0.31	0.32	0.45	0.43	0.39	0.38	0.37	0.3
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.73	0.82	0.71	1.06	1.22	1.58	1.01	2.34	2.09	2.32	2.47	2.02	1.4	1.22	-2.96
Basic EPS from Cont Ops	0.73	0.82	0.71	1.06	1.23	1.58	1.01	2.34	2.1	2.32	2.47	2.02	1.4	1.22	-2.96
Diluted EPS, GAAP	0.73	0.82	0.71	1.05	1.22	1.57	1.01	2.34	2.09	2.31	2.46	2.02	1.4	1.22	-2.95
Diluted EPS from Cont Ops	0.73	0.82	0.71	1.05	1.23	1.57	1.01	2.34	2.1	2.32	2.46	2.02	1.4	1.22	-2.95
Dividend per Share	0.38	0.4	0.42	0.45	0.45	0.47	0.38	0.6	0.57	0.68	0.72	0.74	0.81	0.84	0.86
Cash Flow per Share	0.85	1.07	1.1	0.35	1.39	1.48	1.24	2.46	2.25	1.84	2.53	2.54	4.32	3.39	3.35
Free Cash Flow per Basic Share	0.44	1	0.96	0.01	1.15	1.18	0.87	2.14	1.66	1.72	2.09	2.26	4.06	3.03	3.06
Cash & Equivalents per Share	16.47	15.24	16.51	18.99	17.96	23.57	23.81	32.38	37.75	63.11	79.78	35.7	30.09	25.6	21.78
Book Value per Share	8.52	9.14	9.75	10.04	6.38	7.4	5.6	7.32	7.48	8.19	9.96	9.89	10.63	10.97	6.45
Tangible Book Value per Share	9.99	10.1	9.5	10.77	10.98	12.21	12.34	14.18	15.89	16.26	18.17	14.33	15.92	16.8	15

Simmons First National Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)