Veritex Holdings, Inc. Financial Ratios — VBTX 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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Return on Common Equity (%)	- -	- -	- -	92.16	69.57	54.23	40.67	60.96	78	46	62.23	44.63	26.25	22.5
Return on Assets (%)	- -	0.56	0.57	0.71	0.95	1.03	0.7	1.28	1.63	0.88	1.5	1.34	0.88	0.85
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	5.54	5.17	5.46	4.86	4.03	3.59	3.73	5.61	5.06	5.06	4.72	4.42	4.34	4.62
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	0.88	7.79	22.13	28.42	36.71	40.07	37.04	39.84	36.76	28.13	52.88	44.16	32.15	32.65
Profit Margin (%)	0.79	7.13	14.54	18.7	25	26.45	19.91	31.2	28.79	23.59	41.86	34.62	24.12	25.19
Net Income to Common Margin (%)	0.24	6.65	14.29	18.41	24.72	26.45	19.86	31.2	28.79	23.59	41.86	34.62	24.12	25.19
Effective Tax Rate (%)	10.66	8.42	34.27	34.2	31.9	34	46.23	21.69	21.68	16.12	20.83	21.6	24.97	22.84
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	1.22	- -	29.53	46.1	26.18	28.9	40.01	40.64
Sustainable Growth Rate (%)	- -	- -	- -	92.16	69.57	54.23	40.17	60.96	54.96	24.79	45.94	31.73	15.75	13.35

Credit (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Total Debt	- -	13	23	48	36	46	103	45	823	1,040	1,005	1,404	330	231
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	13	23	48	36	46	103	45	823	1,040	1,005	1,404	330	231
Total Debt/EBITDA	- -	12.21	18.02	35.53	25.72	27.2	36.27	6.32	51.68	65.72	63.91	75.2	16.92	11.74
Net Debt/EBITDA	- -	-37.38	-41.85	-33.39	-24.74	-110.59	-16.29	-5.62	35.89	51.14	39.76	51.84	-15.36	-31.77
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	-0.07	0.45	1.01	1.62	2.09	1.52	2.62	1.87	1.96	2.83	3.13	3.59	3.98
Long-Term Debt/Equity (%)	- -	21.17	34.83	42.43	27.62	19.38	21.04	8.43	69.15	86.46	76.45	96.83	21.54	14.41
Long-Term Debt/Capital (%)	- -	63.18	67.76	74.86	68.4	61.15	69.63	34.68	84.72	85.76	78.47	78.7	42.57	31.21
Long-Term Debt/Total Assets (%)	- -	2.5	3.47	5.99	3.51	3.29	3.49	1.39	10.35	11.8	10.3	11.55	2.66	1.81
Total Debt/Equity (%)	- -	21.17	34.83	42.43	27.62	19.38	21.04	8.43	69.15	86.46	76.45	96.83	21.54	14.41
Total Debt/Capital (%)	- -	63.18	67.76	74.86	68.4	61.15	69.63	34.68	84.72	85.76	78.47	78.7	42.57	31.21
Total Debt/Total Assets (%)	- -	2.5	3.47	5.99	3.51	3.29	3.49	1.39	10.35	11.8	10.3	11.55	2.66	1.81
Net Debt to Equity	- -	-64.77	-80.88	-39.87	-26.57	-78.82	-9.45	-7.49	48.03	67.28	47.57	66.75	-19.54	-39
Net Debt/Capital (%)	- -	123.53	125.78	155.59	192.39	118.52	3,491.38	-89.36	79.39	82.41	69.4	71.81	-205.59	538.57
EBITDA	1	1	1	1	1	2	3	7	16	16	16	19	19	20
EBITDA-CapEx	- -	- -	1	-1	-1	1	-42	2	8	13	2	14	18	7
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	-0.07	0.45	1.01	1.62	2.09	1.52	2.62	1.87	1.96	2.83	3.13	3.59	3.98
Long-Term Debt/Equity (%)	- -	21.17	34.83	42.43	27.62	19.38	21.04	8.43	69.15	86.46	76.45	96.83	21.54	14.41
Long-Term Debt/Capital (%)	- -	63.18	67.76	74.86	68.4	61.15	69.63	34.68	84.72	85.76	78.47	78.7	42.57	31.21
Long-Term Debt/Total Assets (%)	- -	2.5	3.47	5.99	3.51	3.29	3.49	1.39	10.35	11.8	10.3	11.55	2.66	1.81
Total Debt/Equity (%)	- -	21.17	34.83	42.43	27.62	19.38	21.04	8.43	69.15	86.46	76.45	96.83	21.54	14.41
Total Debt/Capital (%)	- -	63.18	67.76	74.86	68.4	61.15	69.63	34.68	84.72	85.76	78.47	78.7	42.57	31.21
Total Debt/Total Assets (%)	- -	2.5	3.47	5.99	3.51	3.29	3.49	1.39	10.35	11.8	10.3	11.55	2.66	1.81
CFO/Total Liabilities	- -	0.35	1.03	0.32	1.79	0.93	1.09	1.88	1.54	1.41	2.29	1.8	1.33	1.22
CFO/CapEx	2	1.8	10.66	1	6.78	10.1	0.6	10.05	13.58	37.59	14.25	41.72	77.72	10.86
Altman's Z-Score	- -	0.04	0.04	0.14	0.17	0.21	0.17	0.2	0.21	0.17	0.22	0.17	0.16	0.17

Working Capital (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Accounts Receivable Turnover	- -	34.54	18.36	19.24	18.71	18.53	14.38	15.28	71.4	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	10.57	19.88	18.97	19.5	19.7	25.39	23.89	5.11	- -	- -	- -	- -	- -
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 ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Market Capitalization	- -	- -	- -	99	163	290	508	517	1,548	1,280	1,965	1,493	1,263	1,479
- Cash & Cash Equivalents	- -	53	77	93	72	235	149	84	252	231	380	436	629	855
+ Preferred Equity and Hybrid Capital	- -	8	8	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	13	23	48	36	46	103	45	823	1,040	1,005	1,404	330	231
Enterprise Value	- -	-32	-46	62	128	101	462	477	1,156	1,065	1,598	1,364	144	-163
Total Capital	- -	21	34	64	53	76	148	129	972	1,213	1,281	1,784	775	739
Total Debt/Capital (%)	- -	63.18	67.76	74.86	68.4	61.15	69.63	34.68	84.72	85.76	78.47	78.7	42.57	31.21
Total Debt / EV	- -	-0.41	-0.51	0.77	0.28	0.46	0.22	0.09	0.71	0.98	0.63	1.03	2.29	-1.41
EV/Sales	- -	- -	- -	2.24	3.64	2.14	6.07	3.78	3.67	3.4	4.79	3.23	0.32	- -
EV/EBITDA	- -	- -	- -	46.05	90.27	59.47	162.76	67.4	72.55	67.29	101.57	73.09	7.41	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	27.9	7.9	9.33	17.31	9.47	11.12	9.9	8.26	7.08	1	- -
EV/Free Cash Flow to Firm	- -	- -	- -	13.92	6.88	8.49	6.46	8.61	10.36	9.64	7.72	6.91	0.99	- -
Diluted Market Cap	- -	- -	- -	101	167	298	519	526	1,572	1,284	2,003	1,515	1,270	1,493
Diluted Enterprise Value	- -	-32	-46	64	132	109	473	486	2,144	2,094	2,629	2,483	971	868
EV per Share	- -	- -	- -	8.87	12.72	9.34	25.08	19.74	21.75	21.36	32.34	25.66	2.66	- -
TTM Sales	14	21	23	28	35	47	76	126	315	313	333	423	449	426
TTM EBITDA	1	1	1	1	1	2	3	7	16	16	16	19	19	20
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	3	2	6	2	16	11	27	50	104	108	193	193	144	136
TTM Free Cash Flow to Firm	4	3	7	4	19	12	71	55	112	111	207	197	146	149

Multiples (USD)

API ChatGPT

	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024

Price/Free Cash Flow	- -	- -	- -	22.53	9.01	24.96	7.27	9.49	14.09	11.62	9.67	7.68	8.71	10.02
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	-32	-46	62	128	101	462	477	1,156	1,065	1,598	1,364	144	-163
Low Price	- -	- -	- -	12.8	12.05	12.35	23.84	20.34	20.84	10.02	24.52	26.14	14.88	18.08
EV/Sales	- -	- -	- -	2.24	3.64	2.14	6.07	3.78	3.67	3.4	4.79	3.23	0.32	- -
EV/EBITDA	- -	- -	- -	46.05	90.27	59.47	162.76	67.4	72.55	67.29	101.57	73.09	7.41	- -
Price/Earnings	- -	- -	- -	19.41	18.76	23.09	33.6	13.13	17.06	17.33	14.08	10.2	11.66	13.79
Price/Earnings Average	- -	- -	- -	19.96	17.6	14.55	32.82	17.41	14.87	13.42	12.39	12.11	10.3	11.8
Price/Earnings High	- -	- -	- -	22.81	20.78	24	35.85	20.32	17.18	19.86	16.05	15.75	14.91	16.05
Price/Earnings Low	- -	- -	- -	17.53	13.95	10.68	29.04	12.5	12.21	6.77	8.68	9.5	7.46	9.18
Price/Book Value	- -	- -	- -	12.22	9.68	9.84	11.32	6.14	10.43	7.41	7.13	3.93	2.84	2.91
Price/Book Value Average	- -	- -	- -	12.57	9.08	6.2	11.05	8.14	9.09	5.74	6.27	4.66	2.51	2.49
Price/Book Value High	- -	- -	- -	14.36	10.72	10.23	12.07	9.49	10.5	8.49	8.12	6.06	3.63	3.39
Price/Book Value Low	- -	- -	- -	11.04	7.2	4.55	9.78	5.84	7.46	2.89	4.39	3.66	1.81	1.94
Price/Tangible Book Value	- -	- -	- -	1.17	1.59	1.38	1.64	1.46	2.07	1.66	2.33	1.5	1.16	1.27
Price/Tangible Book Value Average	- -	- -	- -	1.2	1.49	0.87	1.6	1.94	1.8	1.29	2.05	1.79	1.03	1.08
Price/Tangible Book Value High	- -	- -	- -	1.38	1.76	1.43	1.75	2.26	2.09	1.9	2.65	2.32	1.49	1.47
Price/Tangible Book Value Low	- -	- -	- -	1.06	1.18	0.64	1.42	1.39	1.48	0.65	1.43	1.4	0.74	0.84
Price/Sales	- -	- -	- -	3.57	4.64	6.11	6.67	4.1	4.91	4.09	5.89	3.53	2.81	3.47
Price/Sales Average	- -	- -	- -	3.68	4.35	3.85	6.52	5.43	4.28	3.17	5.19	4.19	2.49	2.97
Price/Sales High	- -	- -	- -	4.2	5.14	6.35	7.12	6.34	4.95	4.69	6.72	5.45	3.6	4.04
Price/Sales Low	- -	- -	- -	3.23	3.45	2.82	5.77	3.9	3.51	1.6	3.63	3.29	1.8	2.31
Price/Cash Flow	- -	- -	- -	44.55	10.06	26.68	19.04	10.26	14.89	11.89	10.16	7.75	8.76	10.84
Price/Cash Flow Average	- -	- -	- -	45.82	9.44	16.81	18.6	13.6	12.98	9.21	8.94	9.2	7.74	9.28
Price/Cash Flow High	- -	- -	- -	52.35	11.14	27.74	20.31	15.87	15	13.63	11.58	11.95	11.2	12.62
Price/Cash Flow Low	- -	- -	- -	40.24	7.48	12.34	16.46	9.76	10.66	4.64	6.26	7.21	5.6	7.22
Price/Free Cash Flow Average	- -	- -	- -	23.17	8.45	15.72	7.1	12.58	12.27	9	8.52	9.11	7.69	8.58
Price/Free Cash Flow High	- -	- -	- -	26.48	9.97	25.95	7.75	14.68	14.18	13.32	11.03	11.85	11.13	11.67
Price/Free Cash Flow Low	- -	- -	- -	20.36	6.69	11.54	6.28	9.03	10.08	4.54	5.96	7.15	5.57	6.67
EV/Sales Average	- -	- -	- -	2.34	3.35	- -	5.91	5.12	6.1	5.75	7.06	6.48	1.82	1.51
EV/Sales High	- -	- -	- -	2.86	4.14	2.38	6.51	6.03	6.76	7.27	8.6	7.74	2.93	2.58
EV/Sales Low	- -	- -	- -	1.89	2.45	- -	5.16	3.58	5.33	4.18	5.51	5.58	1.13	0.85
EV/EBITDA Average	- -	-29.91	-35.6	48.14	83.16	-3.46	158.58	91.19	120.57	113.78	149.74	146.77	41.89	32.61
EV/EBITDA High	- -	-29.91	-35.6	58.92	102.62	66.22	174.7	107.36	133.74	143.81	182.22	175.25	67.48	55.83
EV/EBITDA Low	- -	-29.91	-35.6	38.94	60.76	-31.96	138.42	63.85	105.42	82.71	116.77	126.29	26.07	18.32
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	14.17	16.21	26.71	27.59	21.38	29.13	25.66	39.78	28.08	23.27	27.16
High Price	- -	- -	- -	16.65	17.95	27.77	29.43	33.08	29.33	29.41	45.36	43.33	29.75	31.62
Enterprise Value Average	- -	-32	-46	65	118	-6	450	645	1,921	1,801	2,356	2,740	816	641
Enterprise Value High	- -	-32	-46	80	146	113	495	760	2,131	2,277	2,867	3,272	1,315	1,097
Enterprise Value Low	- -	-32	-46	53	86	-54	393	452	1,680	1,310	1,837	2,358	508	360

Shares Outstanding	- -	9	9	9	11	15	24	24	51	49	49	54	54	55
Diluted Weighted Avg Shares	9	9	9	7	10	11	19	25	54	50	50	54	55	55
Basic Weighted Avg Shares	9	9	9	7	10	11	18	24	53	50	49	53	54	54
Revenue per Share	1.53	2.29	2.59	3.96	3.49	4.37	4.13	5.22	5.93	6.28	6.75	7.95	8.27	7.82
EBITDA per Share	0.08	0.12	0.14	0.19	0.14	0.16	0.15	0.29	0.3	0.32	0.32	0.35	0.36	0.36
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	0.15	0.37	0.73	0.86	1.16	0.82	1.63	1.71	1.48	2.83	2.75	2	1.97
Basic EPS from Cont Ops	0.01	0.16	0.38	0.74	0.87	1.16	0.82	1.63	1.71	1.48	2.83	2.75	2	1.97
Diluted EPS, GAAP	- -	0.15	0.37	0.72	0.84	1.13	0.8	1.6	1.68	1.48	2.77	2.71	1.98	1.95
Diluted EPS from Cont Ops	0.01	0.16	0.38	0.73	0.85	1.13	0.81	1.6	1.68	1.48	2.77	2.71	1.98	1.95
Dividend per Share	0.01	0.01	0.01	0.01	0.01	- -	0.01	- -	0.5	0.68	0.74	0.8	0.8	0.8
Cash Flow per Share	0.28	0.18	0.68	0.32	1.61	1	1.45	2.08	1.96	2.16	3.92	3.62	2.66	2.5
Free Cash Flow per Basic Share	0.14	0.08	0.61	- -	1.37	0.9	-0.98	1.88	1.81	2.1	3.64	3.54	2.62	2.27
Cash & Equivalents per Share	- -	5.87	8.46	13.28	7.11	21.64	8.1	3.49	22.88	25.16	27.79	28.82	26.69	34.39
Book Value per Share	- -	-0.04	0.33	1.16	1.67	2.71	2.44	3.48	2.79	3.46	5.58	7.15	8.2	9.34
Tangible Book Value per Share	- -	3.62	4.14	12.09	10.21	19.36	16.79	14.62	14.07	15.45	17.11	18.66	20	21.45

Veritex Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)