Velocity Financial, Inc. Financial Ratios — VEL Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	-404.94	97.18	52.93	50.7	41.86	41.98
Return on Assets (%)	- -	2.04	0.49	0.88	0.82	1.19	0.98	1.28	1.38	1.63
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	2.09	3.54	3.14	4.55	3.71	3.2	2.32	1.48	0.94	0.65
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	27.58	41.59	42.21	46.81	35.06	52.84	48.86	45.74	45.52	46.94
Profit Margin (%)	27.58	41.59	16.73	31.87	26.95	38.8	35.32	33.61	32.31	33.72
Net Income to Common Margin (%)	27.58	41.59	16.73	31.87	-47.26	38.8	35.32	33.61	32.31	33.72
Effective Tax Rate (%)	- -	- -	60.36	31.92	23.14	26.56	27.01	26.48	28.97	28.21
Dvd Payout Ratio (%)	- -	- -	- -	- -	157.02	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	230.89	97.18	52.93	50.7	41.86	41.98

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Total Debt	- -	1,194	1,545	2,006	1,730	2,376	3,277	3,842	4,859	6,538
ST Debt	- -	85	216	422	76	301	331	335	348	309
LT Debt	- -	1,109	1,329	1,584	1,654	2,075	2,946	3,507	4,511	6,229
Total Debt/EBITDA	- -	1,002.67	1,077.53	812.71	707.25	985.4	1,548.65	1,672.65	2,429.69	3,236.39
Net Debt/EBITDA	- -	989.3	1,066.4	803.58	701.56	970.41	1,527.19	1,654.9	2,404.74	3,190.8
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	- -	- -	0.73	1.59	2.05	2.93	3.58	4.1
Long-Term Debt/Equity (%)	- -	846.84	971.67	1,036.5	753.23	602.26	774.28	802.82	867.2	921.88
Long-Term Debt/Capital (%)	- -	92.86	86.03	78.98	94.77	85.59	87.75	88.24	89.15	91.02
Long-Term Debt/Total Assets (%)	- -	80.83	76.6	71.53	78.65	73.77	78.59	79.63	81.62	84.39
Total Debt/Equity (%)	- -	911.99	1,129.51	1,312.3	787.8	689.66	861.22	879.45	934.11	967.53
Total Debt/Capital (%)	- -	100	100	100	99.12	98.01	97.6	96.66	96.03	95.53
Total Debt/Total Assets (%)	- -	87.05	89.05	90.56	82.26	84.47	87.41	87.23	87.91	88.57
Net Debt to Equity	- -	899.83	1,117.85	1,297.55	781.46	679.17	849.28	870.12	924.52	953.9
Net Debt/Capital (%)	- -	100	100	100	99.11	97.98	97.57	96.63	95.99	95.47
EBITDA	1	1	1	2	2	2	2	2	2	2
EBITDA-CapEx	-2	-2	- -	2	2	2	2	2	-3	2
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	- -	- -	0.73	1.59	2.05	2.93	3.58	4.1
Long-Term Debt/Equity (%)	- -	846.84	971.67	1,036.5	753.23	602.26	774.28	802.82	867.2	921.88
Long-Term Debt/Capital (%)	- -	92.86	86.03	78.98	94.77	85.59	87.75	88.24	89.15	91.02
Long-Term Debt/Total Assets (%)	- -	80.83	76.6	71.53	78.65	73.77	78.59	79.63	81.62	84.39
Total Debt/Equity (%)	- -	911.99	1,129.51	1,312.3	787.8	689.66	861.22	879.45	934.11	967.53
Total Debt/Capital (%)	- -	100	100	100	99.12	98.01	97.6	96.66	96.03	95.53
Total Debt/Total Assets (%)	- -	87.05	89.05	90.56	82.26	84.47	87.41	87.23	87.91	88.57
CFO/Total Liabilities	- -	3.03	-4.53	-5.11	2.91	2.33	1.44	1.23	0.75	0.27
CFO/CapEx	10.21	12.21	-55.63	-119.43	75.61	426.83	149.31	271.31	7.48	64.63
Altman's Z-Score	- -	0.02	0.03	0.02	0.08	0.13	0.11	0.16	0.17	0.17

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Accounts Receivable Turnover	- -	8.76	5.13	4.64	5.35	6.14	5.42	6.55	6.8	7.34
Days Sales Outstanding	- -	41.66	71.13	78.67	68.25	59.44	67.29	55.73	53.67	49.74
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)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Market Capitalization	- -	- -	- -	- -	125	313	308	555	639	765
- Cash & Cash Equivalents	- -	16	16	23	14	36	45	41	50	92
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	3	4	3	3	3
+ Total Debt	- -	1,194	1,545	2,006	1,730	2,376	3,277	3,842	4,859	6,538
Enterprise Value	- -	1,178	1,529	1,983	1,841	2,656	3,543	4,359	5,451	7,214
Total Capital	- -	1,194	1,545	2,006	1,745	2,424	3,358	3,975	5,060	6,843
Total Debt/Capital (%)	- -	100	100	100	99.12	98.01	97.6	96.66	96.03	95.53
Total Debt / EV	- -	1.01	1.01	1.01	0.94	0.89	0.92	0.88	0.89	0.91
EV/Sales	- -	35.03	33.53	36.55	27.91	35.26	38.86	28.03	25.75	23.16
EV/EBITDA	- -	989.3	1,066.4	803.58	752.72	1,101.44	1,674.47	1,897.83	2,725.72	3,571.07
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	31.3	- -	- -	33.54	46.09	72.79	89.27	144.39	397.2
EV/Free Cash Flow to Firm	- -	28.93	- -	- -	33.1	45.98	72.31	88.94	127.36	391.15
Diluted Market Cap	- -	- -	- -	- -	125	466	329	594	699	793
Diluted Enterprise Value	- -	1,178	1,529	1,983	1,841	2,809	3,565	4,399	5,512	7,241
EV per Share	- -	100.28	130.15	104.38	91.66	116.41	111.03	135.36	166.95	195.75
TTM Sales	25	34	46	54	66	75	91	156	212	312
TTM EBITDA	1	1	1	2	2	2	2	2	2	2
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	30	38	-72	-105	55	58	49	49	38	18
TTM Free Cash Flow to Firm	33	41	-71	-104	56	58	49	49	43	18

Multiples (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	2.25	8.06	6.72	12.11	16.34	42.98
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	1,178	1,529	1,983	1,841	2,656	3,543	4,359	5,451	7,214
Low Price	- -	- -	- -	- -	2.24	6.12	8.15	7.81	13.78	16.12
EV/Sales	- -	35.03	33.53	36.55	27.91	35.26	38.86	28.03	25.75	23.16
EV/EBITDA	- -	989.3	1,066.4	803.58	752.72	1,101.44	1,674.47	1,897.83	2,725.72	3,571.07
Price/Earnings	- -	- -	- -	- -	- -	10.69	9.56	10.61	9.34	7.28
Price/Earnings Average	- -	- -	- -	- -	-3.9	8.6	11	6.93	8.68	6.43
Price/Earnings High	- -	- -	- -	- -	-9.6	10.93	13.69	11.12	9.95	7.38
Price/Earnings Low	- -	- -	- -	- -	-1.44	4.77	8.07	4.81	6.58	5.65
Price/Book Value	- -	- -	- -	- -	8.13	6.98	4	4.29	3.23	2.53
Price/Book Value Average	- -	- -	- -	- -	7.89	5.61	4.6	2.8	3.01	2.23
Price/Book Value High	- -	- -	- -	- -	19.44	7.14	5.73	4.5	3.44	2.56
Price/Book Value Low	- -	- -	- -	- -	2.92	3.12	3.38	1.95	2.28	1.96
Price/Tangible Book Value	- -	- -	- -	- -	0.57	0.95	0.84	1.32	1.28	1.17
Price/Tangible Book Value Average	- -	- -	- -	- -	0.55	0.76	0.97	0.86	1.19	1.03
Price/Tangible Book Value High	- -	- -	- -	- -	1.36	0.97	1.21	1.38	1.36	1.18
Price/Tangible Book Value Low	- -	- -	- -	- -	0.2	0.42	0.71	0.6	0.9	0.91
Price/Sales	- -	- -	- -	- -	1.9	4.15	3.38	3.57	3.02	2.46
Price/Sales Average	- -	- -	- -	- -	1.84	3.34	3.88	2.33	2.81	2.17
Price/Sales High	- -	- -	- -	- -	4.54	4.24	4.84	3.74	3.22	2.49
Price/Sales Low	- -	- -	- -	- -	0.68	1.85	2.85	1.62	2.13	1.91
Price/Cash Flow	- -	- -	- -	- -	2.28	5.42	6.33	11.36	16.92	42.12
Price/Cash Flow Average	- -	- -	- -	- -	2.21	4.36	7.28	7.41	15.74	37.22
Price/Cash Flow High	- -	- -	- -	- -	5.45	5.54	9.06	11.9	18.03	42.69
Price/Cash Flow Low	- -	- -	- -	- -	0.82	2.42	5.34	5.15	11.92	32.71
Price/Free Cash Flow Average	- -	- -	- -	- -	2.18	6.48	7.73	7.91	15.2	37.97
Price/Free Cash Flow High	- -	- -	- -	- -	5.38	8.24	9.63	12.7	17.42	43.56
Price/Free Cash Flow Low	- -	- -	- -	- -	0.81	3.6	5.68	5.49	11.51	33.37
EV/Sales Average	- -	35.03	33.53	36.55	27.86	34.45	39.36	26.79	25.54	22.87
EV/Sales High	- -	35.03	33.53	36.55	30.55	35.35	40.32	28.2	25.95	23.19
EV/Sales Low	- -	35.03	33.53	36.55	26.7	32.96	38.33	26.08	24.85	22.61
EV/EBITDA Average	- -	989.3	1,066.4	803.58	751.22	1,076.01	1,696.34	1,814.02	2,703.47	3,526.95
EV/EBITDA High	- -	989.3	1,066.4	803.58	823.92	1,104.28	1,737.36	1,909.47	2,746.78	3,576.18
EV/EBITDA Low	- -	989.3	1,066.4	803.58	719.95	1,029.67	1,651.85	1,765.9	2,631.35	3,486.43
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	6.23	13.7	9.65	17.22	19.56	20.76
High Price	- -	- -	- -	- -	14.9	14	13.82	18.05	20.85	21.04
Enterprise Value Average	- -	1,178	1,529	1,983	1,837	2,594	3,589	4,167	5,407	7,124
Enterprise Value High	- -	1,178	1,529	1,983	2,015	2,662	3,676	4,386	5,494	7,224
Enterprise Value Low	- -	1,178	1,529	1,983	1,761	2,483	3,495	4,056	5,263	7,043

Shares Outstanding	- -	19	19	19	20	32	32	33	34	40
Diluted Weighted Avg Shares	12	12	12	19	20	34	34	34	36	38
Basic Weighted Avg Shares	12	12	12	19	20	23	32	32	33	37
Revenue per Share	2.1	2.86	3.88	2.86	3.28	3.3	2.86	4.83	6.48	8.45
EBITDA per Share	0.04	0.1	0.12	0.13	0.12	0.11	0.07	0.07	0.06	0.05
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.58	1.19	0.65	0.91	-1.55	1.28	1.01	1.62	2.1	2.85
Basic EPS from Cont Ops	0.58	1.19	0.65	0.91	0.89	1.28	1.02	1.62	2.1	2.85
Diluted EPS, GAAP	0.58	1.19	0.65	0.91	-1.55	0.86	0.94	1.52	1.91	2.75
Diluted EPS from Cont Ops	0.58	1.19	0.65	0.91	0.89	0.86	0.95	1.52	1.91	2.75
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.53	3.2	-6.17	-5.54	2.73	2.53	1.53	1.52	1.16	0.49
Free Cash Flow per Basic Share	2.29	2.94	-6.28	-5.59	2.7	2.52	1.51	1.51	1	0.49
Cash & Equivalents per Share	- -	1.35	1.36	1.19	0.69	1.58	1.42	1.27	1.53	2.5
Book Value per Share	- -	- -	- -	- -	0.77	1.96	2.41	4.01	6.05	8.22
Tangible Book Value per Share	- -	11.14	11.64	8.04	10.93	14.49	11.42	13.09	15.3	17.8

Velocity Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)