Nicolet Bankshares
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
10.4611.1318.4915.5811.4612.9211.4015.1711.7719.2813.0911.46
Price/Sales ratio
1.852.153.603.873.214.153.574.083.724.353.403.21
Price/Book Value ratio
0.931.161.231.411.211.361.271.031.141.141.371.21
Price/Cash Flow ratio
9.438.4513.7612.699.2212.148.699.429.4510.9814.699.22
Price/Free Cash Flow ratio
19.749.1716.4413.9710.0613.1310.0710.8410.5513.2117.1310.06
Price/Earnings Growth ratio
-0.260.55-1.670.380.530.375.92-5.190.58-0.50-2.600.37
Dividend Yield
0.23%0.16%0.18%0.12%N/AN/AN/AN/AN/A0.93%1.04%N/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%151.36%100%100%
Operating Profit Margin
26.14%29.85%29.60%44.92%50.20%41.84%41.98%36.00%58.75%39.95%34.64%41.84%
Pretax Profit Margin
26.14%29.85%29.60%37.26%37.49%42.05%42.16%36.00%42.21%31.79%31.91%42.05%
Net Profit Margin
17.74%19.33%19.47%24.85%28.07%32.16%31.31%26.91%31.64%22.57%25.69%32.16%
Effective Tax Rate
31.42%34.51%33.39%32.73%24.53%23.03%25.29%25.23%25.03%28.99%19.48%23.03%
Return on Assets
0.81%0.94%0.80%1.13%1.32%1.52%1.32%0.78%1.07%0.72%1.39%1.32%
Return On Equity
8.96%10.43%6.69%9.10%10.61%10.58%11.15%6.80%9.69%5.92%11.07%10.61%
Return on Capital Employed
1.21%1.46%1.22%2.05%2.38%2.00%1.78%1.06%2.08%1.28%4.23%2.38%
Liquidity Ratios
Current Ratio
0.210.230.240.220.180.17N/AN/AN/AN/A0.190.18
Quick Ratio
24.5032.2739.3740.92141.2523.3446.3336.153.62N/A0.1923.34
Cash ratio
7.1710.077.828.4514.125.2716.618.980.43N/A0.025.27
Days of Sales Outstanding
123.19105.93N/AN/A85.95N/AN/AN/AN/A179.13N/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/A179.13N/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/A179.13N/AN/A
Debt Ratios
Debt Ratio
0.020.020.010.020.020.010.010.020.060.010.010.01
Debt Equity Ratio
0.300.230.130.210.190.130.090.240.550.160.140.13
Long-term Debt to Capitalization
0.230.180.110.170.160.110.090.190.180.130.120.11
Total Debt to Capitalization
0.230.180.110.170.160.110.090.190.350.130.120.11
Interest Coverage Ratio
2.072.443.82N/AN/AN/A7.23N/AN/AN/A1.23N/A
Cash Flow to Debt Ratio
0.320.590.650.520.650.851.460.450.210.640.660.65
Company Equity Multiplier
10.9411.098.338.058.006.928.448.629.018.157.516.92
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.190.250.260.300.340.340.410.430.390.390.220.34
Free Cash Flow / Operating Cash Flow Ratio
0.470.920.830.900.910.920.860.860.890.830.860.92
Cash Flow Coverage Ratio
0.320.590.650.520.650.851.460.450.210.640.660.65
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A0.37N/AN/AN/A
Dividend Payout Ratio
2.45%1.85%3.42%1.90%N/AN/AN/AN/AN/A18.07%13.23%N/A