Summit State Bank Financial Ratios — SSBI 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 (%)	5.58	6.23	8.34	10.37	10.79	8.54	5.5	9.43	9.95	14.88	18.47	18.52	10.56	-4.05	6.53
Return on Assets (%)	0.61	0.83	0.96	1.2	1.24	0.97	0.59	0.95	0.98	1.35	1.61	1.64	0.97	-0.38	0.66
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	3.88	4.06	5.16	5.59	4.13	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	6.1	35.77	43.7	51.58	52.5	42.34	1.67	1.45	1.96	1.26	0.97	0.79	0.96	1.2	1.09
Operating Margin (%)	- -	31.91	40.31	49.33	50.58	40.83	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	-301.42	828.53	-990	291.89	67.81	-439.32	2,075.92	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	21.45	31.91	40.31	49.33	50.58	40.83	29.19	33.61	34.88	43.41	49.64	48.1	37.94	-13.4	25.62
Profit Margin (%)	12.6	18.76	23.7	29	29.73	24	16.23	24.35	25.46	30.56	34.95	34.19	26.87	-12.81	19.42
Net Income to Common Margin (%)	8.92	15.92	22.31	28.27	29.28	24	16.23	24.35	25.46	30.56	34.95	34.19	26.87	-12.81	19.42
Effective Tax Rate (%)	41.24	41.22	41.22	41.21	41.22	41.21	44.41	27.56	27.02	29.6	29.61	28.91	29.18	- -	24.18
Dvd Payout Ratio (%)	104.25	58.32	49.21	39.33	38.63	46.43	83.57	49.97	44.97	27.7	20.34	19.01	30.04	-45.19	- -
Sustainable Growth Rate (%)	-0.24	2.59	4.23	6.29	6.62	4.57	0.9	4.72	5.47	10.76	14.71	15	7.39	-5.88	6.53

Credit (USD)

API Chat

	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	14	40	48	35	56	69	15	57	51	59	54	47	6	6	6
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	14	40	48	35	56	69	15	57	51	59	54	47	6	6	6
Total Debt/EBITDA	12.76	6.08	6.09	3.59	5.24	7.86	44.25	164.16	103.34	137.13	133.31	119.96	15.38	15.14	15.66
Net Debt/EBITDA	5.06	2.59	3.81	1.28	3.71	5.07	-158.74	101.47	26.43	65.94	33.56	-78.42	-134.72	-115.99	-156.78
Total Debt/EBIT	- -	6.82	6.6	3.75	5.44	8.15	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	2.91	4.13	1.33	3.85	5.26	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	11.97	10.71	10.99	11.57	11.07	11.58	9.87	10.18	9.61	8.6	8.84	8.84	9.48	9.43	10.71
Long-Term Debt/Equity (%)	22.54	63.62	78.7	51.79	97.34	117.53	25.14	92.33	76.42	78.51	64.53	52.97	6.06	6.47	5.88
Long-Term Debt/Capital (%)	18.63	39.48	43.27	34.36	49.55	53.66	19.93	47.29	43.48	44.35	39.12	32.24	5.27	5.57	5.24
Long-Term Debt/Total Assets (%)	3.55	8.99	10.68	7.61	10.87	13.41	2.46	9.13	7.39	6.86	5.68	4.21	0.53	0.56	0.59
Total Debt/Equity (%)	22.54	63.62	78.7	51.79	97.34	117.53	25.14	92.33	76.42	78.51	64.53	52.97	6.06	6.47	5.88
Total Debt/Capital (%)	18.63	39.48	43.27	34.36	49.55	53.66	19.93	47.29	43.48	44.35	39.12	32.24	5.27	5.57	5.24
Total Debt/Total Assets (%)	3.55	8.99	10.68	7.61	10.87	13.41	2.46	9.13	7.39	6.86	5.68	4.21	0.53	0.56	0.59
Net Debt to Equity	8.95	27.11	49.31	18.42	68.86	75.78	-90.18	57.07	19.55	37.75	16.25	-34.63	-53.1	-49.57	-58.89
Net Debt/Capital (%)	8.33	21.75	32.33	15.69	40.99	42.74	-833.03	35.67	16.44	27.71	13.92	-45.16	-95.07	-82.46	-123.99
EBITDA	1	7	8	10	11	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	1	6	7	9	11	9	- -	-1	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	6	7	9	10	8	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	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	11.97	10.71	10.99	11.57	11.07	11.58	9.87	10.18	9.61	8.6	8.84	8.84	9.48	9.43	10.71
Long-Term Debt/Equity (%)	22.54	63.62	78.7	51.79	97.34	117.53	25.14	92.33	76.42	78.51	64.53	52.97	6.06	6.47	5.88
Long-Term Debt/Capital (%)	18.63	39.48	43.27	34.36	49.55	53.66	19.93	47.29	43.48	44.35	39.12	32.24	5.27	5.57	5.24
Long-Term Debt/Total Assets (%)	3.55	8.99	10.68	7.61	10.87	13.41	2.46	9.13	7.39	6.86	5.68	4.21	0.53	0.56	0.59
Total Debt/Equity (%)	22.54	63.62	78.7	51.79	97.34	117.53	25.14	92.33	76.42	78.51	64.53	52.97	6.06	6.47	5.88
Total Debt/Capital (%)	18.63	39.48	43.27	34.36	49.55	53.66	19.93	47.29	43.48	44.35	39.12	32.24	5.27	5.57	5.24
Total Debt/Total Assets (%)	3.55	8.99	10.68	7.61	10.87	13.41	2.46	9.13	7.39	6.86	5.68	4.21	0.53	0.56	0.59
CFO/Total Liabilities	2.08	2.23	1.62	1.24	0.99	1.15	0.77	0.67	3.89	0.47	0.86	1.34	-0.23	0.6	0.73
CFO/CapEx	35.8	61.36	6.63	6.73	53.16	23.01	20.69	4.31	24.56	29.62	82.13	78.39	-9.92	25.32	140.32
Altman's Z-Score	0.13	0.17	0.21	0.26	0.25	0.25	0.17	0.17	0.17	0.16	0.19	0.18	0.17	0.14	0.13

Working Capital (USD)

API Chat

	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	2.53	3.48	3.27	3.39	4.58	4.53	5.45	6.05	5.18	5.41	4.95	3.75	4.71	- -	- -
Days Sales Outstanding	144.26	104.81	111.65	107.55	79.78	80.6	66.95	60.31	70.44	67.48	73.79	97.44	77.41	- -	- -
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)

API Chat

	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	25	32	50	66	66	72	76	71	79	82	103	106	82	51	- -
- Cash & Cash Equivalents	8	23	18	23	16	24	69	22	38	31	41	78	58	51	66
+ Preferred Equity and Hybrid Capital	14	14	14	14	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	14	40	48	35	56	69	15	57	51	59	54	47	6	6	6
Enterprise Value	-45	-63	-20	-32	-23	9	-57	36	38	42	48	-9	-46	-54	-115
Total Capital	74	101	112	102	113	128	75	120	118	134	139	145	112	107	114
Total Debt/Capital (%)	18.63	39.48	43.27	34.36	49.55	53.66	19.93	47.29	43.48	44.35	39.12	32.24	5.27	5.57	5.24
Total Debt / EV	-0.31	-0.64	-2.49	-1.08	-2.4	7.9	-0.26	1.56	1.37	1.4	1.14	-5.33	-0.13	-0.11	-0.05
EV/Sales	- -	- -	- -	- -	- -	0.42	- -	1.52	1.48	1.23	1.14	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	0.99	- -	104.97	75.54	97.9	117.15	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	1.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	1.67	- -	9.7	1.54	11.36	6.4	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	1.6	- -	7.87	1.48	10.99	6.32	- -	- -	- -	- -
Diluted Market Cap	25	32	50	67	67	72	76	71	79	82	104	106	82	51	- -
Diluted Enterprise Value	44	63	94	93	106	117	22	107	92	110	117	75	31	6	-60
EV per Share	- -	- -	- -	- -	- -	1.32	- -	5.44	5.64	6.35	7.16	- -	- -	- -	- -
TTM Sales	18	18	18	19	20	21	20	24	25	34	42	50	40	33	35
TTM EBITDA	1	7	8	10	11	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	6	7	9	10	8	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	7	9	6	5	5	5	4	4	24	4	7	14	-2	6	7
TTM Free Cash Flow to Firm	7	9	7	6	5	5	4	5	25	4	8	14	-2	6	7

Multiples (USD)

API Chat

	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	3.53	3.7	6.86	11.99	14.46	13.29	17.16	15.48	3.09	21.21	13.68	7.6	-38.5	8.45	- -
EV/EBIT	- -	- -	- -	- -	- -	1.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-45	-63	-20	-32	-23	9	-57	36	38	42	48	-9	-46	-54	-115
Low Price	3.64	3.83	4.91	7.47	8.89	9.51	10.59	9.68	9.75	5.91	11.83	14.05	11.79	5.68	6.95
EV/Sales	- -	- -	- -	- -	- -	0.42	- -	1.52	1.48	1.23	1.14	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	0.99	- -	104.97	75.54	97.9	117.15	- -	- -	- -	- -
Price/Earnings	15.64	10.94	12.29	12.4	11.09	14.51	23.07	12.25	12.15	7.78	7.04	6.23	7.61	- -	- -
Price/Earnings Average	18.94	10.09	10.9	10.85	10.79	13.24	23.49	14.78	11.19	6.22	6.81	6.18	9.28	-14.78	- -
Price/Earnings High	21.14	12.15	12.41	12.74	11.49	14.66	27.99	16.76	12.18	8.22	9.09	7.09	11.55	-19.77	- -
Price/Earnings Low	15.06	8.54	7.9	9.18	9.85	12.65	21.34	11.08	10.05	3.75	5.38	5.54	7.29	-9.09	- -
Price/Book Value	0.53	0.67	1	1.25	1.16	1.21	1.26	1.13	1.18	1.1	1.22	1.07	0.77	0.51	- -
Price/Book Value Average	0.64	0.62	0.89	1.09	1.13	1.11	1.28	1.36	1.08	0.88	1.18	1.06	0.94	0.62	- -
Price/Book Value High	0.72	0.75	1.01	1.28	1.2	1.22	1.53	1.54	1.18	1.16	1.58	1.22	1.17	0.82	- -
Price/Book Value Low	0.51	0.52	0.64	0.92	1.03	1.06	1.17	1.02	0.97	0.53	0.93	0.95	0.74	0.38	- -
Price/Tangible Book Value	0.57	0.71	1.14	1.33	1.24	1.32	1.37	1.24	1.24	1.14	1.29	1.25	0.88	0.56	- -
Price/Tangible Book Value Average	0.69	0.66	1.01	1.17	1.2	1.21	1.39	1.5	1.15	0.91	1.25	1.24	1.07	0.68	- -
Price/Tangible Book Value High	0.77	0.79	1.15	1.37	1.28	1.34	1.66	1.7	1.25	1.21	1.67	1.42	1.34	0.9	- -
Price/Tangible Book Value Low	0.55	0.55	0.73	0.99	1.1	1.15	1.26	1.13	1.03	0.55	0.99	1.11	0.84	0.42	- -
Price/Sales	1.4	1.74	2.74	3.51	3.25	3.48	3.74	2.98	3.09	2.38	2.46	2.13	2.04	1.57	- -
Price/Sales Average	1.69	1.61	2.43	3.07	3.16	3.18	3.81	3.6	2.85	1.9	2.38	2.11	2.49	1.89	- -
Price/Sales High	1.89	1.93	2.77	3.6	3.36	3.52	4.54	4.08	3.1	2.51	3.18	2.42	3.1	2.53	- -
Price/Sales Low	1.34	1.36	1.76	2.6	2.88	3.04	3.46	2.7	2.56	1.15	1.88	1.89	1.96	1.16	- -
Price/Cash Flow	3.63	3.76	7.84	13.63	14.57	13.8	17.91	19.06	3.22	21.92	13.84	7.7	-34.6	8.78	- -
Price/Cash Flow Average	4.39	3.46	6.95	11.93	14.17	12.59	18.23	22.99	2.96	17.52	13.39	7.64	-42.2	10.59	- -
Price/Cash Flow High	4.9	4.17	7.91	14.01	15.09	13.93	21.72	26.07	3.23	23.15	17.88	8.76	-52.52	14.17	- -
Price/Cash Flow Low	3.49	2.93	5.04	10.09	12.94	12.02	16.56	17.24	2.66	10.57	10.57	6.85	-33.17	6.52	- -
Price/Free Cash Flow Average	4.27	3.41	6.08	10.5	14.07	12.13	17.47	18.68	2.85	16.96	13.23	7.54	-46.95	10.19	- -
Price/Free Cash Flow High	4.77	4.1	6.92	12.33	14.98	13.42	20.82	21.18	3.1	22.41	17.67	8.65	-58.44	13.63	- -
Price/Free Cash Flow Low	3.4	2.88	4.41	8.88	12.85	11.58	15.87	14.01	2.56	10.23	10.45	6.76	-36.9	6.27	- -
EV/Sales Average	2.77	3.28	4.85	4.45	5.1	5.32	1.16	5.07	3.36	2.73	2.7	1.49	1.21	0.5	- -
EV/Sales High	2.97	3.6	5.18	4.98	5.31	5.66	1.89	5.55	3.62	3.34	3.5	1.8	1.82	1.14	- -
EV/Sales Low	2.43	3.03	4.18	3.98	4.83	5.18	0.81	4.17	3.08	1.98	2.2	1.28	0.67	- -	- -
EV/EBITDA Average	45.45	9.16	11.09	8.62	9.72	12.58	69.41	350.33	171.91	216.94	278.84	189.61	126.12	42.11	-156.78
EV/EBITDA High	48.67	10.08	11.86	9.66	10.11	13.38	113.08	383.75	184.86	265.47	361.01	229.08	189.94	95.52	-156.78
EV/EBITDA Low	39.77	8.47	9.56	7.71	9.2	12.24	48.5	288.11	157.12	157.07	227.25	161.87	70.3	-18.71	-156.78
EV/EBIT Average	- -	10.27	12.02	9.02	10.09	13.04	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	11.3	12.86	10.1	10.5	13.87	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	9.5	10.37	8.06	9.55	12.69	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	3.78	4.91	7.64	10.09	10.01	10.91	11.45	10.7	11.79	12.25	15.49	15.8	12.3	7.65	11.63
High Price	5.11	5.45	7.71	10.37	10.37	11.02	13.89	14.64	11.82	12.94	20	17.98	18.67	12.35	12.6
Enterprise Value Average	49	60	88	84	104	110	24	121	86	94	114	74	49	17	-60
Enterprise Value High	52	66	95	94	108	117	38	133	92	115	147	90	73	37	-60
Enterprise Value Low	43	56	76	75	98	107	16	100	78	68	93	63	27	-7	-60

	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	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
Diluted Weighted Avg Shares	7	7	7	7	7	7	7	7	7	7	7	7	7	7	- -
Basic Weighted Avg Shares	7	7	7	7	7	7	7	7	7	7	7	7	7	7	- -
Revenue per Share	2.71	2.82	2.79	2.88	3.08	3.13	3.06	3.59	3.81	5.15	6.3	7.42	6.02	4.88	- -
EBITDA per Share	0.17	1.01	1.22	1.48	1.62	1.33	0.05	0.05	0.07	0.06	0.06	0.06	0.06	0.06	- -
Operating Income per Share	- -	0.9	1.12	1.42	1.56	1.28	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.24	0.45	0.62	0.81	0.9	0.75	0.5	0.87	0.97	1.58	2.2	2.54	1.62	-0.62	- -
Basic EPS from Cont Ops	0.34	0.53	0.66	0.83	0.92	0.75	0.5	0.87	0.97	1.58	2.2	2.54	1.62	-0.62	- -
Diluted EPS, GAAP	0.24	0.45	0.62	0.81	0.89	0.75	0.49	0.87	0.97	1.57	2.2	2.54	1.62	-0.62	- -
Diluted EPS from Cont Ops	0.34	0.53	0.66	0.83	0.91	0.75	0.49	0.87	0.97	1.57	2.2	2.54	1.62	-0.62	- -
Dividend per Share	0.35	0.34	0.34	0.34	0.36	0.35	0.41	0.44	0.44	0.44	0.45	0.48	0.49	0.28	- -
Cash Flow per Share	1.04	1.31	0.97	0.74	0.69	0.79	0.64	0.56	3.66	0.56	1.12	2.05	-0.36	0.87	- -
Free Cash Flow per Basic Share	1.01	1.29	0.83	0.63	0.67	0.76	0.61	0.43	3.52	0.54	1.11	2.03	-0.39	0.84	- -
Cash & Equivalents per Share	14.86	22.79	20.12	22.42	22.04	20.02	22.25	13.77	13.86	14.79	16.48	24.13	20.03	16.6	- -
Book Value per Share	7.11	7.3	7.63	8.1	8.64	9.01	9.09	9.49	10.02	11.16	12.67	14.74	15.9	14.99	- -
Tangible Book Value per Share	6.63	6.91	6.7	7.58	8.09	8.25	8.37	8.6	9.47	10.71	12	12.63	13.97	13.66	- -

Summit State Bank

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)