Sturgis Bancorp, Inc. Financial Ratios — STBI 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 (%)	2.82	9.8	7.82	8.37	10.07	10.08	11.16	14.09	14.29	15.55	14.6	13.64	11.43	5.17	12.74
Return on Assets (%)	0.15	0.59	0.52	0.61	0.72	0.69	0.78	1.03	1.09	1.08	0.91	0.82	0.67	0.3	0.76
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	2.13	2.55	3.17	3.02	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.85	4.96	18.56	21.78	23.1	24.8	5.38	4.85	- -	3.96	7.94	5.13	5.2	6.01	5.81
Operating Margin (%)	- -	- -	13.05	16.11	17.7	19.42	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	241.98	- -	8,165.22	645.71	29.55	60.97	-688.8	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	2.12	16.49	13.05	16.11	17.7	19.42	18.67	25.88	27.99	27.14	26.68	25.87	19.47	8.45	22.29
Profit Margin (%)	3.5	12.98	11.3	13.01	14.99	15.57	18.03	22.67	23.54	22.46	22.05	21.43	16.37	7.58	18.08
Net Income to Common Margin (%)	3.5	12.98	11.3	13.01	14.99	15.57	18.03	22.67	23.54	22.46	22.05	21.43	16.37	7.58	18.08
Effective Tax Rate (%)	- -	21.27	13.37	19.23	15.35	19.82	3.44	12.4	15.91	17.26	17.34	17.19	15.91	10.23	18.89
Dvd Payout Ratio (%)	11.98	- -	- -	9.88	11.83	32.79	31.66	27.4	- -	22.58	21.45	21.95	24.21	51.71	19.71
Sustainable Growth Rate (%)	2.48	9.8	7.82	7.54	8.88	6.77	7.63	10.23	14.29	12.04	11.47	10.64	8.66	2.5	10.22

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	53	52	45	44	48	61	34	44	70	76	104	86	55	76	31
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15
LT Debt	53	52	45	44	48	61	34	44	70	76	104	86	55	76	16
Total Debt/EBITDA	75.65	73.55	16.69	14.04	12.61	14.43	36.41	47.18	- -	71.93	45.39	54.1	28.69	33.82	12.81
Net Debt/EBITDA	36.08	28.61	3.29	4.95	3.99	7.55	-1.19	12.15	- -	6.63	27.87	44.65	7.76	24.56	-4.47
Total Debt/EBIT	- -	- -	23.74	18.98	16.45	18.43	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	4.68	6.69	5.21	9.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.76	6.31	7.09	7.47	6.93	6.85	7.11	7.56	7.67	6.36	6.11	5.91	5.89	5.81	6.16
Long-Term Debt/Equity (%)	211.06	194.77	156.25	145.69	146.61	176.17	92.47	109.72	160.65	161.53	197.71	163.19	98.33	137.2	24.79
Long-Term Debt/Capital (%)	74.38	72.4	67.33	65.45	65.2	69.13	53.91	57.48	65.85	65.01	69.29	62.65	50.3	57.78	17
Long-Term Debt/Total Assets (%)	16.73	16.54	14.62	14.15	12.97	15.35	8.31	10.22	14.79	11.82	13.79	9.92	5.96	7.95	1.57
Total Debt/Equity (%)	211.06	194.77	156.25	145.69	146.61	176.17	92.47	109.72	160.65	161.53	197.71	163.19	98.33	137.2	48.5
Total Debt/Capital (%)	74.38	72.4	67.33	65.45	65.2	69.13	53.91	57.48	65.85	65.01	69.29	62.65	50.3	57.78	33.26
Total Debt/Total Assets (%)	16.73	16.54	14.62	14.15	12.97	15.35	8.31	10.22	14.79	11.82	13.79	9.92	5.96	7.95	3.07
Net Debt to Equity	100.66	75.75	30.83	51.38	46.42	92.14	-3.01	28.26	101.17	14.89	121.4	134.68	26.59	99.65	-16.94
Net Debt/Capital (%)	58.07	50.5	28.91	40.05	37.23	53.94	-3.96	25.82	54.84	14.62	58.07	58.06	21.49	49.85	-21.08
EBITDA	1	1	3	3	4	4	1	1	- -	1	2	2	2	2	2
EBITDA-CapEx	- -	- -	2	2	3	4	- -	- -	- -	-2	- -	-4	-1	1	- -
Operating Income (Loss)	- -	- -	2	2	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	5.76	6.31	7.09	7.47	6.93	6.85	7.11	7.56	7.67	6.36	6.11	5.91	5.89	5.81	6.16
Long-Term Debt/Equity (%)	211.06	194.77	156.25	145.69	146.61	176.17	92.47	109.72	160.65	161.53	197.71	163.19	98.33	137.2	24.79
Long-Term Debt/Capital (%)	74.38	72.4	67.33	65.45	65.2	69.13	53.91	57.48	65.85	65.01	69.29	62.65	50.3	57.78	17
Long-Term Debt/Total Assets (%)	16.73	16.54	14.62	14.15	12.97	15.35	8.31	10.22	14.79	11.82	13.79	9.92	5.96	7.95	1.57
Total Debt/Equity (%)	211.06	194.77	156.25	145.69	146.61	176.17	92.47	109.72	160.65	161.53	197.71	163.19	98.33	137.2	48.5
Total Debt/Capital (%)	74.38	72.4	67.33	65.45	65.2	69.13	53.91	57.48	65.85	65.01	69.29	62.65	50.3	57.78	33.26
Total Debt/Total Assets (%)	16.73	16.54	14.62	14.15	12.97	15.35	8.31	10.22	14.79	11.82	13.79	9.92	5.96	7.95	3.07
CFO/Total Liabilities	1.77	0.53	1.41	0.82	0.62	1.34	1.28	1.66	- -	0.29	1.81	1.48	1.18	0.8	1.73
CFO/CapEx	8.47	6.73	6.81	2.57	2.52	13.13	3.85	7.29	- -	0.54	5.69	2.29	3.16	6.7	6.87
Altman's Z-Score	0.14	0.15	0.19	0.2	0.19	0.2	0.19	0.2	0.2	0.16	0.15	0.15	0.15	0.14	0.16

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	8.8	15.93	17.05	17.06	16.01	13.2	11.94	12.5	13.25	13.15	13.22	13.48	12.7	11.5	12.07
Days Sales Outstanding	41.48	22.91	21.41	21.4	22.8	27.65	30.56	29.19	27.55	27.76	27.61	27.08	28.75	31.75	30.23
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	9	10	12	13	16	22	31	34	38	34	36	40	37	39	46
- Cash & Cash Equivalents	28	32	36	29	33	29	36	33	26	69	40	15	40	21	41
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	53	52	45	44	48	61	34	44	70	76	104	86	55	76	31
Enterprise Value	34	29	19	22	4	22	5	-1	26	-32	17	48	-1	17	-50
Total Capital	71	72	66	68	73	88	64	77	106	117	150	137	109	132	92
Total Debt/Capital (%)	74.38	72.4	67.33	65.45	65.2	69.13	53.91	57.48	65.85	65.01	69.29	62.65	50.3	57.78	33.26
Total Debt / EV	1.57	1.82	2.32	2.01	13.1	2.82	7.3	-51.89	2.64	-2.37	6.14	1.79	-93.27	4.44	-0.61
EV/Sales	2.34	2.01	1.34	1.52	0.22	1.27	0.27	- -	1.26	- -	0.59	1.55	0.02	0.46	- -
EV/EBITDA	48.32	40.49	7.2	6.98	0.96	5.11	4.99	- -	- -	- -	7.39	30.2	0.3	7.62	- -
EV/EBIT	- -	- -	10.25	9.44	1.26	6.52	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	6.57	18.82	4.92	9.52	1.75	4.45	0.98	- -	- -	- -	1.34	3.98	0.06	2.39	- -
EV/Free Cash Flow to Firm	5.88	16.39	4.29	6.85	1.25	4.13	0.77	- -	- -	- -	1.14	2.77	0.04	2.08	- -
Diluted Market Cap	9	10	12	13	16	22	31	34	38	34	36	40	37	39	46
Diluted Enterprise Value	34	30	21	29	31	54	30	45	82	41	100	111	52	94	36
EV per Share	16.65	14.23	9.41	10.67	1.76	10.41	2.26	- -	12.57	- -	7.93	22.41	0.27	7.95	- -
TTM Sales	14	14	14	14	16	17	18	19	21	27	29	31	37	37	41
TTM EBITDA	1	1	3	3	4	4	1	1	- -	1	2	2	2	2	2
TTM Operating Income	- -	- -	2	2	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	5	2	4	2	2	5	5	6	- -	2	13	12	10	7	16
TTM Free Cash Flow to Firm	6	2	4	3	3	5	6	7	- -	5	15	17	13	8	19

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	1.54	5.51	2.68	4.19	5.53	4.21	5.11	4.6	- -	6.93	2.45	2.33	2.77	4.73	2.5
EV/EBIT	- -	- -	10.25	9.44	1.26	6.52	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	34	29	19	22	4	22	5	-1	26	-32	17	48	-1	17	-50
Low Price	4.5	4.2	6.69	7.62	8.7	9.85	13.75	18.3	19.8	13	18.1	18.95	17.65	15.74	16.75
EV/Sales	2.34	2.01	1.34	1.52	0.22	1.27	0.27	- -	1.26	- -	0.59	1.55	0.02	0.46	- -
EV/EBITDA	48.32	40.49	7.2	6.98	0.96	5.11	4.99	- -	- -	- -	7.39	30.2	0.3	7.62	- -
Price/Earnings	17.52	5.21	7.39	7.14	6.56	8.28	9.83	7.77	7.71	5.65	5.73	6.08	6.19	13.75	6.22
Price/Earnings Average	17.74	4.98	7.23	6.78	6.31	6.93	8.78	7.64	7.89	5.35	5.64	6.11	6.66	12.74	5.46
Price/Earnings High	36.24	8.75	11	9.85	9.27	12.11	13.16	11.06	13.76	7.95	6.71	7.42	8.36	14.05	6.22
Price/Earnings Low	18.12	4.57	8.41	8.35	7.33	7.7	9.07	8.8	8.46	4.58	6.07	6.11	6.28	11.96	4.86
Price/Book Value	0.48	0.49	0.56	0.58	0.63	0.81	1.06	1.04	1.05	0.83	0.79	0.79	0.69	0.7	0.75
Price/Book Value Average	0.49	0.46	0.54	0.55	0.61	0.68	0.94	1.02	1.07	0.78	0.78	0.79	0.74	0.65	0.66
Price/Book Value High	1	0.82	0.83	0.79	0.89	1.18	1.42	1.48	1.87	1.17	0.93	0.96	0.93	0.72	0.75
Price/Book Value Low	0.5	0.43	0.63	0.67	0.71	0.75	0.98	1.18	1.15	0.67	0.84	0.79	0.7	0.61	0.59
Price/Tangible Book Value	0.47	0.47	0.55	0.56	0.64	0.8	1.04	1.03	1.04	0.87	0.83	0.92	0.79	0.84	0.85
Price/Tangible Book Value Average	0.48	0.45	0.54	0.54	0.62	0.67	0.93	1.01	1.06	0.82	0.82	0.92	0.85	0.78	0.75
Price/Tangible Book Value High	0.98	0.79	0.82	0.78	0.91	1.18	1.39	1.46	1.86	1.23	0.98	1.12	1.07	0.86	0.85
Price/Tangible Book Value Low	0.49	0.41	0.62	0.66	0.72	0.75	0.96	1.16	1.14	0.71	0.88	0.93	0.81	0.73	0.67
Price/Sales	0.61	0.68	0.84	0.93	0.98	1.29	1.77	1.76	1.81	1.27	1.26	1.3	1.01	1.04	1.12
Price/Sales Average	0.62	0.65	0.82	0.88	0.95	1.08	1.58	1.73	1.86	1.2	1.24	1.31	1.09	0.97	0.99
Price/Sales High	1.27	1.14	1.24	1.28	1.39	1.89	2.37	2.51	3.24	1.79	1.48	1.59	1.37	1.07	1.12
Price/Sales Low	0.63	0.59	0.95	1.09	1.1	1.2	1.63	1.99	1.99	1.03	1.34	1.31	1.03	0.91	0.88
Price/Cash Flow	1.72	6.33	3.08	5.82	7.73	4.53	6.44	5.23	- -	19.89	2.88	3.34	3.64	5.44	2.87
Price/Cash Flow Average	1.74	6.05	3.01	5.52	7.43	3.79	5.75	5.15	- -	18.82	2.83	3.36	3.92	5.04	2.51
Price/Cash Flow High	3.55	10.65	4.58	8.02	10.91	6.62	8.62	7.45	- -	27.97	3.37	4.08	4.92	5.56	2.87
Price/Cash Flow Low	1.78	5.55	3.5	6.8	8.63	4.21	5.94	5.92	- -	16.13	3.05	3.36	3.7	4.73	2.24
Price/Free Cash Flow Average	1.56	5.27	2.62	3.98	5.32	3.52	4.57	4.53	- -	6.56	2.41	2.34	2.98	4.39	2.19
Price/Free Cash Flow High	3.18	9.27	3.99	5.77	7.81	6.15	6.84	6.55	- -	9.75	2.87	2.84	3.74	4.84	2.5
Price/Free Cash Flow Low	1.59	4.84	3.05	4.89	6.18	3.91	4.72	5.21	- -	5.62	2.6	2.34	2.81	4.12	1.95
EV/Sales Average	2.37	2.07	1.43	1.96	1.87	2.95	1.52	2.32	3.96	1.46	3.46	3.6	1.49	2.44	0.73
EV/Sales High	3.02	2.56	1.85	2.36	2.31	3.76	2.31	3.1	5.35	2.05	3.69	3.88	1.77	2.54	0.86
EV/Sales Low	2.38	2.01	1.56	2.16	2.02	3.07	1.57	2.58	4.1	1.29	3.55	3.6	1.43	2.38	0.62
EV/EBITDA Average	48.87	41.63	7.7	9	8.09	11.9	28.22	47.9	- -	36.99	43.53	70.15	28.73	40.64	12.51
EV/EBITDA High	62.2	51.51	9.99	10.83	10.01	15.15	42.88	63.87	- -	51.77	46.51	75.64	34.09	42.29	14.89
EV/EBITDA Low	49.14	40.56	8.41	9.94	8.75	12.38	29.18	53.3	- -	32.65	44.74	70.18	27.54	39.64	10.65
EV/EBIT Average	- -	- -	10.95	12.17	10.55	15.19	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	14.21	14.65	13.06	19.35	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	11.97	13.44	11.42	15.81	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	4.35	4.79	5.88	6.52	7.79	10.6	14.91	16.17	18.03	16.03	17.08	18.85	17.39	18.1	21.45
High Price	9	8.05	8.75	8.99	11	15.5	19.95	23	32.2	22.55	20	23	23.5	18.5	21.45
Enterprise Value Average	34	30	21	28	31	50	27	45	83	39	99	111	55	91	30
Enterprise Value High	43	37	27	34	38	64	41	60	112	55	106	120	65	95	36
Enterprise Value Low	34	29	22	31	33	52	28	50	86	35	102	111	53	89	26

	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	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Basic Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Revenue per Share	7.1	7.08	7.04	7.02	7.92	8.22	8.41	9.18	9.94	12.63	13.51	14.47	17.16	17.36	19.07
EBITDA per Share	0.34	0.35	1.31	1.53	1.83	2.04	0.45	0.44	- -	0.5	1.07	0.74	0.89	1.04	1.11
Operating Income per Share	- -	- -	0.92	1.13	1.4	1.6	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.25	0.92	0.8	0.91	1.19	1.28	1.52	2.08	2.34	2.84	2.98	3.1	2.81	1.32	3.45
Basic EPS from Cont Ops	0.25	0.92	0.8	0.91	1.19	1.28	1.52	2.08	2.34	2.84	2.98	3.1	2.81	1.32	3.45
Diluted EPS, GAAP	0.25	0.92	0.8	0.91	1.19	1.28	1.52	2.08	2.34	2.84	2.98	3.1	2.81	1.32	3.45
Diluted EPS from Cont Ops	0.25	0.92	0.8	0.91	1.19	1.28	1.52	2.08	2.34	2.84	2.98	3.1	2.81	1.32	3.45
Dividend per Share	0.03	- -	- -	0.09	0.14	0.42	0.48	0.57	- -	0.64	0.64	0.68	0.68	0.68	0.68
Cash Flow per Share	2.53	0.76	1.91	1.12	1.01	2.34	2.31	3.09	- -	0.81	5.93	5.64	4.77	3.33	7.48
Free Cash Flow per Basic Share	2.23	0.64	1.63	0.68	0.61	2.16	1.71	2.67	- -	-0.7	4.89	3.17	3.26	2.83	6.39
Cash & Equivalents per Share	13.76	16.41	18.27	17.3	29.09	29.6	29.14	37.55	38.71	67.13	57.85	36.59	43.27	45.44	58.72
Book Value per Share	8.98	9.85	10.58	11.32	12.31	13.14	14.09	15.52	17.24	19.34	21.59	23.94	25.3	25.8	28.46
Tangible Book Value per Share	9.18	10.13	10.72	11.56	12.11	13.18	14.38	15.72	17.34	18.4	20.48	20.48	21.92	21.57	25.14

Sturgis Bancorp, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)