Stellar Bancorp, Inc. Financial Ratios — STEL Stock

Profitability (USD)

	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 (%)	- -	32.35	25.75	33.84	27.89	21.89	33.83	18.01	36.75	25.57	19.41
Return on Assets (%)	- -	0.93	0.91	1.49	1.5	1.23	1.48	0.57	1.21	1.07	0.95
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.5	3.84	3.68	3.12	3.55	3.62	3.18	4.61	7.47	7.43	7
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	31.79	34.03	36.58	42.61	40.54	26.55	42.13	20.21	35.09	33.63	30.18
Profit Margin (%)	21.97	23.61	22.91	34.36	32.98	21.6	34.39	16.63	28.29	26.68	24.3
Net Income to Common Margin (%)	21.97	23.61	22.91	34.36	32.98	21.6	34.39	16.63	28.29	26.68	24.3
Effective Tax Rate (%)	30.9	30.62	37.37	19.37	18.64	18.65	18.36	17.74	19.39	20.67	19.49
Dvd Payout Ratio (%)	18.59	16.15	16	10.53	17.33	17.93	11.89	29.9	21.23	24.62	28.48
Sustainable Growth Rate (%)	- -	27.13	21.63	30.28	23.06	17.96	29.81	12.63	28.95	19.27	13.88

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	38	34	7	2	66	66	199	173	160	70	40
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	38	34	7	2	66	66	199	173	160	70	40
Total Debt/EBITDA	7.62	7.77	1.52	0.37	12.08	8.7	26.33	12.16	4.64	2.19	1.36
Net Debt/EBITDA	-80.35	-78.69	-72.22	-88.61	-59.2	-63.89	-74	-13.92	-6.95	-26.26	-12.8
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.52	3.24	3.85	4.91	5.79	5.44	3.76	2.79	3.82	4.52	5.24
Long-Term Debt/Equity (%)	10.96	9.62	1.51	0.32	12.26	12.16	24.35	12.53	10.5	4.36	2.41
Long-Term Debt/Capital (%)	34.17	26.48	5.37	0.97	24.6	23.63	42.64	36.33	28.21	12.45	6.63
Long-Term Debt/Total Assets (%)	1.31	1.17	0.22	0.05	1.89	1.68	2.8	1.59	1.5	0.64	0.37
Total Debt/Equity (%)	10.96	9.62	1.51	0.32	12.26	12.16	24.35	12.53	10.5	4.36	2.41
Total Debt/Capital (%)	34.17	26.48	5.37	0.97	24.6	23.63	42.64	36.33	28.21	12.45	6.63
Total Debt/Total Assets (%)	1.31	1.17	0.22	0.05	1.89	1.68	2.8	1.59	1.5	0.64	0.37
Net Debt to Equity	-115.47	-97.39	-71.73	-78.03	-60.12	-89.3	-68.43	-14.34	-15.74	-52.31	-22.73
Net Debt/Capital (%)	122.37	137.78	158.87	173.26	306.66	190	191.78	-188.49	-143.39	241.74	-202.26
EBITDA	5	4	4	4	5	8	8	14	34	32	30
EBITDA-CapEx	2	3	3	3	3	- -	5	10	28	27	25
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	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	2.52	3.24	3.85	4.91	5.79	5.44	3.76	2.79	3.82	4.52	5.24
Long-Term Debt/Equity (%)	10.96	9.62	1.51	0.32	12.26	12.16	24.35	12.53	10.5	4.36	2.41
Long-Term Debt/Capital (%)	34.17	26.48	5.37	0.97	24.6	23.63	42.64	36.33	28.21	12.45	6.63
Long-Term Debt/Total Assets (%)	1.31	1.17	0.22	0.05	1.89	1.68	2.8	1.59	1.5	0.64	0.37
Total Debt/Equity (%)	10.96	9.62	1.51	0.32	12.26	12.16	24.35	12.53	10.5	4.36	2.41
Total Debt/Capital (%)	34.17	26.48	5.37	0.97	24.6	23.63	42.64	36.33	28.21	12.45	6.63
Total Debt/Total Assets (%)	1.31	1.17	0.22	0.05	1.89	1.68	2.8	1.59	1.5	0.64	0.37
CFO/Total Liabilities	1.29	1.39	1.35	1.77	1.91	1.79	1.71	1.15	1.84	1.43	1.06
CFO/CapEx	11.77	19.15	35.88	38.14	22.54	8.5	36.62	28.62	24.52	28.44	22.06
Altman's Z-Score	0.08	0.09	0.25	0.27	0.29	0.24	0.16	0.14	0.2	0.21	0.22

Working Capital (USD)

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	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	- -	- -	- -	- -	- -	- -	14.2	7.92	10.37	10.5	11.48
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	25.7	46.1	35.2	34.77	31.79
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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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	666	731	776	632	709	1,023	1,482	1,516	1,601
- Cash & Cash Equivalents	435	383	327	382	372	538	758	372	399	911	419
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	38	34	7	2	66	66	199	173	160	70	40
Enterprise Value	-398	-348	346	293	416	-41	-1,623	-983	-153	-998	-583
Total Capital	110	130	125	162	267	281	466	477	566	563	607
Total Debt/Capital (%)	34.17	26.48	5.37	0.97	24.6	23.63	42.64	36.33	28.21	12.45	6.63
Total Debt / EV	-0.09	-0.1	0.02	0.01	0.16	-1.64	-0.12	-0.18	-1.04	-0.07	-0.07
EV/Sales	- -	- -	2.88	2.13	2.72	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	78.07	68.16	76.48	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	9.72	5.93	7.42	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	9.46	5.78	7.1	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	670	736	780	633	713	1,031	1,484	1,517	1,603
Diluted Enterprise Value	-398	-348	349	355	473	161	154	833	1,245	676	1,224
EV per Share	- -	- -	15.41	11.77	16.69	- -	- -	- -	- -	- -	- -
TTM Sales	110	115	120	138	153	211	237	309	461	431	423
TTM EBITDA	5	4	4	4	5	8	8	14	34	32	30
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	33	36	36	49	56	61	107	109	168	133	97
TTM Free Cash Flow to Firm	36	38	37	51	59	68	110	113	175	137	101

Multiples (USD)

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	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	- -	- -	18.3	14.53	13.31	9.27	6.46	9.14	8.48	11.05	15.81
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-398	-348	346	293	416	-41	-1,623	-983	-153	-998	-583
Low Price	- -	- -	27.2	27	25.93	12.5	24.08	26.11	20.24	21.27	24.13
EV/Sales	- -	- -	2.88	2.13	2.72	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	78.07	68.16	76.48	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	24.16	15.46	15.36	13.87	8.7	19.9	11.36	13.18	15.57
Price/Earnings Average	- -	- -	23.54	16.9	14.75	11.26	8.51	20.22	10.01	11.83	14.59
Price/Earnings High	- -	- -	25.02	20.35	16.94	17.25	9.98	24.38	12.45	15.05	16.47
Price/Earnings Low	- -	- -	22.15	14.19	12.79	6.8	7.22	17.64	8.26	9.89	12.14
Price/Book Value	- -	- -	5.62	4.54	3.85	2.94	2.65	3.37	3.65	3.07	2.83
Price/Book Value Average	- -	- -	5.47	4.97	3.7	2.39	2.6	3.42	3.22	2.76	2.65
Price/Book Value High	- -	- -	5.82	5.98	4.25	3.66	3.04	4.13	4	3.51	2.99
Price/Book Value Low	- -	- -	5.15	4.17	3.21	1.44	2.2	2.99	2.65	2.31	2.2
Price/Tangible Book Value	- -	- -	1.86	1.82	1.72	1.37	1.23	1.38	1.63	1.49	1.46
Price/Tangible Book Value Average	- -	- -	1.81	1.99	1.66	1.11	1.2	1.4	1.44	1.34	1.36
Price/Tangible Book Value High	- -	- -	1.92	2.4	1.9	1.7	1.41	1.69	1.79	1.7	1.54
Price/Tangible Book Value Low	- -	- -	1.7	1.67	1.44	0.67	1.02	1.22	1.19	1.12	1.13
Price/Sales	- -	- -	5.54	5.31	5.06	3	2.99	3.31	3.21	3.52	3.78
Price/Sales Average	- -	- -	5.39	5.81	4.87	2.43	2.93	3.36	2.83	3.16	3.54
Price/Sales High	- -	- -	5.73	6.99	5.59	3.73	3.43	4.05	3.52	4.01	4
Price/Sales Low	- -	- -	5.08	4.88	4.22	1.47	2.48	2.93	2.34	2.64	2.95
Price/Cash Flow	- -	- -	18.72	14.82	13.83	10.34	6.6	9.38	8.81	11.43	16.51
Price/Cash Flow Average	- -	- -	18.24	16.2	13.29	8.4	6.47	9.53	7.77	10.26	15.47
Price/Cash Flow High	- -	- -	19.38	19.51	15.26	12.87	7.58	11.49	9.66	13.05	17.47
Price/Cash Flow Low	- -	- -	17.16	13.61	11.52	5.07	5.48	8.32	6.4	8.58	12.87
Price/Free Cash Flow Average	- -	- -	17.84	15.89	12.79	7.53	6.32	9.28	7.48	9.92	14.81
Price/Free Cash Flow High	- -	- -	18.96	19.13	14.69	11.53	7.42	11.19	9.29	12.61	16.73
Price/Free Cash Flow Low	- -	- -	16.78	13.35	11.09	4.54	5.36	8.1	6.16	8.29	12.33
EV/Sales Average	- -	- -	2.73	3.04	2.87	0.2	0.57	2.72	2.31	1.21	2.65
EV/Sales High	- -	- -	3.07	4.23	3.59	1.49	1.08	3.41	3	2.06	3.11
EV/Sales Low	- -	- -	2.42	2.11	2.22	- -	0.13	2.29	1.82	0.69	2.05
EV/EBITDA Average	-80.35	-78.69	74.25	97.51	80.66	5.41	17.97	59.03	30.97	16.22	37.84
EV/EBITDA High	-80.35	-78.69	83.44	135.49	101.03	41.12	33.83	74.03	40.19	27.76	44.37
EV/EBITDA Low	-80.35	-78.69	65.6	67.7	62.49	-21.22	4	49.71	24.31	9.25	29.34
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	29.66	29.4	31.12	25.51	29	29.46	27.84	28.35	30.94
High Price	- -	- -	30.72	38.71	34.34	31.73	33.29	36.09	30.52	32.36	32.74
Enterprise Value Average	-398	-348	329	419	439	41	136	841	1,067	520	1,121
Enterprise Value High	-398	-348	370	582	550	314	255	1,055	1,385	889	1,315
Enterprise Value Low	-398	-348	291	291	340	-162	30	709	838	296	870

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	24	24	25	25	25	25	24	53	53	53	51
Diluted Weighted Avg Shares	22	22	23	25	25	25	25	35	53	54	52
Basic Weighted Avg Shares	22	22	22	25	25	25	24	35	53	53	52
Revenue per Share	5.03	5.28	5.36	5.54	6.14	8.51	9.7	8.9	8.67	8.06	8.18
EBITDA per Share	0.23	0.2	0.2	0.17	0.22	0.31	0.31	0.41	0.65	0.6	0.57
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.11	1.25	1.23	1.9	2.03	1.84	3.33	1.48	2.45	2.15	1.99
Basic EPS from Cont Ops	1.11	1.25	1.23	1.9	2.03	1.84	3.33	1.48	2.45	2.15	1.99
Diluted EPS, GAAP	1.08	1.22	1.22	1.89	2.02	1.84	3.32	1.47	2.45	2.15	1.99
Diluted EPS from Cont Ops	1.08	1.22	1.22	1.89	2.02	1.84	3.32	1.47	2.45	2.15	1.99
Dividend per Share	0.21	0.2	0.2	0.2	0.35	0.33	0.4	0.44	0.52	0.53	0.57
Cash Flow per Share	1.5	1.65	1.58	1.98	2.25	2.47	4.39	3.14	3.16	2.48	1.87
Free Cash Flow per Basic Share	1.38	1.56	1.54	1.93	2.15	2.18	4.27	3.03	3.03	2.39	1.79
Cash & Equivalents per Share	19.93	17.52	14.55	17.69	17.06	29.83	103.5	62.74	33.72	48.33	42.98
Book Value per Share	3.33	4.37	5.28	6.47	8.08	8.67	10.93	8.74	7.64	9.22	10.95
Tangible Book Value per Share	11.65	12.31	15.96	16.13	18.05	18.63	23.64	21.37	17.04	19.04	21.26

Stellar Bancorp, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)