First Mid Bancshares
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
11.56
Price/Sales ratio
2.94
Earnings per Share (EPS)
$3.30

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.8614.1316.4218.0912.6312.2612.4214.868.8610.9511.3612.26
Price/Sales ratio
2.183.053.653.913.143.233.013.222.542.752.073.23
Price/Book Value ratio
0.921.131.271.560.971.110.991.201.020.951.020.97
Price/Cash Flow ratio
8.5810.6013.0810.4610.969.358.8510.999.8210.427.799.35
Price/Free Cash Flow ratio
9.1911.5313.4210.7611.8310.009.2111.6110.6410.977.8310.00
Price/Earnings Growth ratio
1.22-6.641.316.240.670.88-2.102.360.34-0.8816.700.67
Dividend Yield
4.58%2.35%1.82%1.49%1.90%2.01%2.27%1.92%2.75%2.59%2.54%1.90%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%97.98%100%100%100%100%100%61.88%100%
Operating Profit Margin
44.78%42.96%44.94%43.91%41.67%34.82%31.95%28.11%51.70%32.24%25.66%34.82%
Pretax Profit Margin
35.38%33.72%34.42%33.81%32.96%34.82%31.95%28.11%35.84%32.24%23.62%34.82%
Net Profit Margin
22.13%21.64%22.25%21.62%24.87%26.38%24.21%21.67%28.64%25.14%18.26%26.38%
Effective Tax Rate
37.44%35.82%35.34%36.04%24.54%24.22%24.22%22.90%20.08%22.02%22.72%24.22%
Return on Assets
0.96%0.78%0.75%0.93%0.95%1.24%0.95%0.86%1.08%0.90%1.02%0.95%
Return On Equity
9.37%8.05%7.78%8.66%7.69%9.10%7.96%8.12%11.52%8.69%9.53%7.69%
Return on Capital Employed
1.94%1.55%1.52%1.90%1.59%1.64%1.26%1.11%1.95%1.16%3.47%1.59%
Liquidity Ratios
Current Ratio
0.030.060.060.030.040.024.42N/AN/AN/A0.330.04
Quick Ratio
3.93K4.01K3.88K3.46K1.63K424.65749.491.34K472.24N/A0.33424.65
Cash ratio
181.50325.23328.78147.6380.4337.62177.94125.2645.55N/A0.0337.62
Days of Sales Outstanding
35.6738.6739.2532.0341.87N/AN/AN/AN/AN/A32.88N/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/A41.87N/AN/AN/AN/AN/A32.88N/A
Days of Payables Outstanding
N/AN/AN/AN/A215.97N/AN/AN/AN/AN/A14.58N/A
Cash Conversion Cycle
N/AN/AN/AN/A-174.10N/AN/AN/AN/AN/A18.29-174.10
Debt Ratios
Debt Ratio
0.020.010.020.030.040.030.030.030.080.040.040.04
Debt Equity Ratio
0.240.190.290.300.320.260.330.310.910.420.400.32
Long-term Debt to Capitalization
0.190.160.220.230.240.200.240.230.470.290.280.24
Total Debt to Capitalization
0.190.160.220.230.240.200.240.230.470.290.280.24
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A8.51N/AN/AN/A1.06N/A
Cash Flow to Debt Ratio
0.430.540.330.480.260.450.330.340.110.210.320.26
Company Equity Multiplier
9.7410.3110.279.228.067.298.319.4410.659.568.808.06
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.280.270.370.280.340.330.290.250.260.260.34
Free Cash Flow / Operating Cash Flow Ratio
0.930.910.970.970.920.930.960.940.920.940.990.92
Cash Flow Coverage Ratio
0.430.540.330.480.260.450.330.340.110.210.320.26
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
45.19%33.24%30.05%27.08%24.02%24.74%28.30%28.59%24.44%28.37%28.42%24.02%