Wilson Bank Holding Company Financial Ratios — WBHC 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
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	12/31/2025

Return on Common Equity (%)	9.41	10.77	13.04	15.32	15.56	14.6	11.94	14.97	14.91	14.42	16.62	15.99	13.42	14.17	17.14
Return on Assets (%)	0.66	0.75	0.93	1.15	1.23	1.21	1.04	1.34	1.35	1.25	1.34	1.28	1.07	1.11	1.35
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	7.43	9.14	10.98	11.25	10.95	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	6.13	33.34	39.36	45.83	46.8	48.05	5.38	5.24	3.53	3.44	3.06	3.2	2.73	2.62	2.24
Operating Margin (%)	- -	26.47	33.07	40.71	41.73	42.29	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	-584.38	367.33	299.89	153.45	51.05	51.41	-606.9	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	24.07	26.47	33.07	40.71	41.73	42.29	41.88	37.05	39.11	35.74	42.46	40.43	37.63	39.26	42.77
Profit Margin (%)	14.58	16.35	20.85	25.56	26.46	26.78	22.98	29.19	29.92	28.6	32.71	31.5	29.26	30.3	33.35
Net Income to Common Margin (%)	14.58	16.35	20.85	25.56	26.46	26.78	22.98	29.19	29.92	28.6	32.71	31.5	29.26	30.3	33.35
Effective Tax Rate (%)	39.44	38.22	36.97	37.2	36.58	36.67	45.14	21.23	23.49	19.99	22.96	22.12	22.15	22.63	22
Dvd Payout Ratio (%)	43.26	51.39	28.13	21.71	20.68	22.46	28.6	28.98	32.53	33.81	30.16	39.4	8.82	10.25	10.99
Sustainable Growth Rate (%)	5.34	5.23	9.37	11.99	12.34	11.32	8.52	10.63	10.06	9.54	11.61	9.69	12.24	12.72	15.26

Credit (USD)

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	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
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	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	24	4	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	24	4	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	5.55	0.79	- -	- -	- -	- -	- -
Net Debt/EBITDA	-9.69	-3.35	-2.45	-1.4	-1.75	-1.04	-17.34	-15.41	-27.32	-72.32	-92.25	-19.38	-53.07	-48.7	-70.39
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-4.22	-2.91	-1.57	-1.97	-1.18	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.96	6.89	7.29	7.68	8.06	8.56	8.89	9.02	9.09	8.31	7.89	8.13	7.85	7.78	7.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	7.01	0.96	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.5	1.28	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.85	0.11	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	7.01	0.96	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.5	1.28	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.85	0.11	- -	- -	- -	- -	- -
Net Debt to Equity	-26.03	-48.84	-41.26	-25.89	-33.13	-19.59	-35.68	-30.5	-34.47	-88.01	-103.06	-28.99	-56.47	-49.57	-61.47
Net Debt/Capital (%)	-59.54	-251.16	-135.43	-56.61	-83.26	-34.17	-86.52	-64.78	-84.24	612.48	382.36	-42.8	-175.42	-132.55	-328.81
EBITDA	4	25	30	37	42	46	6	6	4	5	5	5	5	5	5
EBITDA-CapEx	-1	23	26	33	38	41	-7	-2	-2	2	-4	- -	- -	1	1
Operating Income (Loss)	- -	20	25	33	38	40	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	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
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	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	6.96	6.89	7.29	7.68	8.06	8.56	8.89	9.02	9.09	8.31	7.89	8.13	7.85	7.78	7.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	7.01	0.96	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.5	1.28	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.85	0.11	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	7.01	0.96	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.5	1.28	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.85	0.11	- -	- -	- -	- -	- -
CFO/Total Liabilities	1.42	1.95	2.37	1.28	1.43	1.37	2.08	1.81	1.48	1.68	1.72	1.87	1.95	1.27	1.7
CFO/CapEx	4.06	15.12	9.12	5.17	5.56	5.21	3.37	5.24	6.01	22.63	6.89	14.58	18.54	17.74	24.32
Altman's Z-Score	0.13	0.17	0.18	0.2	0.21	0.28	0.22	0.22	0.22	0.2	0.18	0.2	0.19	0.39	0.38

Working Capital (USD)

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	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
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	12/31/2025

Accounts Receivable Turnover	11.32	13.08	14.52	15.44	16.84	16.87	16.55	17.19	19.02	20	19.94	17.69	12.58	11.62	12.63
Days Sales Outstanding	32.25	27.9	25.15	23.63	21.67	21.64	22.05	21.23	19.19	18.25	18.31	20.63	29.02	31.41	28.89
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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	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
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	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	219	222	235	251	255	260	377	402	2,066	2,109
- Cash & Cash Equivalents	41	83	73	52	74	48	96	90	140	338	426	104	242	238	358
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	24	4	- -	- -	- -	- -	- -
Enterprise Value	-352	-400	-403	-398	-405	-142	-207	-140	-286	-660	-1,064	-550	-652	1,001	1,750
Total Capital	110	116	127	144	163	188	206	229	278	284	315	349	381	417	466
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	8.5	1.28	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	-0.08	-0.01	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.36	7.71
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	204.94	344.52
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.15	19.46
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.28	18.69
Diluted Market Cap	- -	- -	- -	- -	- -	219	222	235	251	256	261	378	403	2,072	2,115
Diluted Enterprise Value	-41	-83	-73	-52	-74	171	126	145	135	-79	-166	274	160	1,834	1,758
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	84.76	145.26
TTM Sales	69	74	76	81	90	96	102	112	120	135	151	168	167	187	227
TTM EBITDA	4	25	30	37	42	46	6	6	4	5	5	5	5	5	5
TTM Operating Income	- -	20	25	33	38	40	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	20	29	37	21	26	27	43	41	36	50	61	73	86	62	90
TTM Free Cash Flow to Firm	25	31	41	26	30	32	55	48	42	52	70	78	91	65	94

Multiples (USD)

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	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
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	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	6.85	4.01	4.87	5.93	4.88	3.7	4.83	4.44	31.64	22.59
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-352	-400	-403	-398	-405	-142	-207	-140	-286	-660	-1,064	-550	-652	1,001	1,750
Low Price	- -	- -	- -	- -	- -	24.66	24.66	24.66	24.66	24.66	24.66	24.66	35	35	76.01
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.36	7.71
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	204.94	344.52
Price/Earnings	- -	- -	- -	- -	- -	8.54	9.42	7.22	6.96	6.63	5.26	7.11	8.21	36.55	27.85
Price/Earnings Average	- -	- -	- -	- -	- -	8.44	9.42	6.98	6.72	6.63	5.26	6.99	7.95	33.04	27.47
Price/Earnings High	- -	- -	- -	- -	- -	9.89	10.91	7.99	7.35	7	5.55	8.58	8.3	36.55	63.67
Price/Earnings Low	- -	- -	- -	- -	- -	9.89	10.91	7.99	7.35	7	5.55	5.29	8.3	7.31	12.1
Price/Book Value	- -	- -	- -	- -	- -	1.16	1.08	1.03	0.99	0.91	0.83	1.08	1.06	4.95	4.52
Price/Book Value Average	- -	- -	- -	- -	- -	1.15	1.08	0.99	0.95	0.91	0.83	1.06	1.02	4.48	4.46
Price/Book Value High	- -	- -	- -	- -	- -	1.35	1.25	1.14	1.04	0.96	0.87	1.31	1.07	4.95	10.34
Price/Book Value Low	- -	- -	- -	- -	- -	1.35	1.25	1.14	1.04	0.96	0.87	0.8	1.07	0.99	1.96
Price/Tangible Book Value	- -	- -	- -	- -	- -	0.91	0.84	0.81	0.76	0.68	0.64	1.06	0.95	4.35	3.66
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	0.9	0.84	0.78	0.73	0.68	0.64	1.04	0.92	3.93	3.61
Price/Tangible Book Value High	- -	- -	- -	- -	- -	1.06	0.98	0.9	0.8	0.72	0.67	1.28	0.96	4.35	8.37
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	1.06	0.98	0.9	0.8	0.72	0.67	0.79	0.96	0.87	1.59
Price/Sales	- -	- -	- -	- -	- -	2.29	2.16	2.11	2.08	1.9	1.72	2.24	2.4	11.07	9.29
Price/Sales Average	- -	- -	- -	- -	- -	2.26	2.16	2.04	2.01	1.9	1.72	2.2	2.33	10.01	9.16
Price/Sales High	- -	- -	- -	- -	- -	2.65	2.51	2.33	2.2	2	1.82	2.7	2.43	11.07	21.23
Price/Sales Low	- -	- -	- -	- -	- -	2.65	2.51	2.33	2.2	2	1.82	1.67	2.43	2.21	4.03
Price/Cash Flow	- -	- -	- -	- -	- -	8.17	5.19	5.79	6.9	5.08	4.23	5.15	4.67	33.34	23.44
Price/Cash Flow Average	- -	- -	- -	- -	- -	8.07	5.19	5.6	6.66	5.08	4.23	5.07	4.52	30.14	23.11
Price/Cash Flow High	- -	- -	- -	- -	- -	9.46	6.01	6.42	7.29	5.36	4.47	6.22	4.72	33.34	53.58
Price/Cash Flow Low	- -	- -	- -	- -	- -	9.46	6.01	6.42	7.29	5.36	4.47	3.83	4.72	6.67	10.18
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	6.77	4.01	4.71	5.72	4.88	3.7	4.75	4.3	28.61	22.27
Price/Free Cash Flow High	- -	- -	- -	- -	- -	7.94	4.64	5.39	6.26	5.15	3.91	5.83	4.49	31.64	51.63
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	7.94	4.64	5.39	6.26	5.15	3.91	3.6	4.49	6.33	9.81
EV/Sales Average	- -	- -	- -	- -	- -	1.76	1.23	1.23	1.05	- -	- -	1.58	0.88	8.74	7.58
EV/Sales High	- -	- -	- -	- -	- -	2.15	1.57	1.53	1.23	- -	- -	2.08	0.98	9.8	19.66
EV/Sales Low	- -	- -	- -	- -	- -	2.15	1.57	1.53	1.23	- -	- -	1.05	0.98	0.94	2.46
EV/EBITDA Average	-9.69	-3.35	-2.45	-1.4	-1.75	3.66	22.89	23.46	29.62	-17.16	-36.01	49.42	32.11	333.89	338.9
EV/EBITDA High	-9.69	-3.35	-2.45	-1.4	-1.75	4.47	29.26	29.1	34.99	-14.07	-32.85	65.04	35.89	374.48	878.36
EV/EBITDA Low	-9.69	-3.35	-2.45	-1.4	-1.75	4.47	29.26	29.1	34.99	-14.07	-32.85	32.67	35.89	35.97	109.9
EV/EBIT Average	- -	-4.22	-2.91	-1.57	-1.97	4.16	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	-4.22	-2.91	-1.57	-1.97	5.08	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	-4.22	-2.91	-1.57	-1.97	5.08	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	21.29	21.29	22.27	23.35	23.35	23.35	33.13	34.6	175	175
High Price	- -	- -	- -	- -	- -	24.66	24.66	24.66	24.66	24.66	24.66	40	35	175	400
Enterprise Value Average	-41	-83	-73	-52	-74	168	126	137	126	-79	-166	266	147	1,630	1,722
Enterprise Value High	-41	-83	-73	-52	-74	206	161	170	149	-65	-152	351	164	1,829	4,462
Enterprise Value Low	-41	-83	-73	-52	-74	206	161	170	149	-65	-152	176	164	176	558

Shares Outstanding	7	7	7	8	8	10	10	11	11	11	11	11	12	12	12
Diluted Weighted Avg Shares	7	7	7	10	10	10	10	11	11	11	11	11	12	12	12
Basic Weighted Avg Shares	7	7	7	10	10	10	10	11	11	11	11	11	12	12	12
Revenue per Share	9.47	10.09	10.19	8.08	8.87	9.31	9.84	10.57	11.21	12.32	13.57	14.8	14.4	15.8	18.84
EBITDA per Share	0.58	3.37	4.01	3.7	4.15	4.47	0.53	0.55	0.4	0.42	0.42	0.47	0.39	0.41	0.42
Operating Income per Share	- -	2.67	3.37	3.29	3.7	3.94	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.38	1.65	2.12	2.06	2.35	2.49	2.26	3.09	3.36	3.52	4.44	4.66	4.21	4.79	6.28
Basic EPS from Cont Ops	1.38	1.65	2.12	2.06	2.35	2.49	2.26	3.09	3.36	3.52	4.44	4.66	4.22	4.8	6.28
Diluted EPS, GAAP	1.38	1.65	2.12	2.06	2.35	2.49	2.26	3.08	3.35	3.51	4.43	4.65	4.2	4.78	6.26
Diluted EPS from Cont Ops	1.38	1.65	2.12	2.06	2.35	2.49	2.26	3.08	3.35	3.51	4.43	4.65	4.21	4.79	6.26
Dividend per Share	0.6	0.85	0.6	0.45	0.49	0.56	0.65	0.89	1.09	1.19	1.34	1.84	0.37	0.49	0.69
Cash Flow per Share	2.78	4	4.97	2.13	2.52	2.61	4.1	3.84	3.38	4.6	5.52	6.43	7.42	5.25	7.47
Free Cash Flow per Basic Share	2.09	3.73	4.43	1.72	2.07	2.11	2.88	3.11	2.82	4.39	4.72	5.99	7.02	4.95	7.16
Cash & Equivalents per Share	48.3	54.37	53.89	39.59	39.86	35.07	41.15	35.54	52.21	84.08	118.93	81.5	90.73	90.26	29.74
Book Value per Share	15.07	15.74	17.06	14.3	16.03	18.3	19.79	21.72	23.65	25.62	28.28	30.64	32.78	35.32	38.7
Tangible Book Value per Share	20.94	22.4	23.13	19.49	21.51	23.33	25.26	27.53	30.92	34.35	36.73	31.26	36.57	40.22	47.79

Wilson Bank Holding Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)