Southern First Bancshares
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
12.8320.05
Price/Sales ratio
2.803.35
Earnings per Share (EPS)
$3.25$2.08

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.3314.6418.5523.3710.6211.4814.8810.4912.5022.238.3711.48
Price/Sales ratio
2.553.404.695.233.453.923.514.183.603.462.113.92
Price/Book Value ratio
1.061.572.202.031.361.551.191.761.230.950.821.55
Price/Cash Flow ratio
18.667.4014.1517.737.4617.4713.236.277.2316.91407.747.46
Price/Free Cash Flow ratio
35.219.6320.7425.817.9532.3820.449.5010.0118.19407.747.95
Price/Earnings Growth ratio
1.040.340.72-2.400.170.50-0.410.06-0.32-0.40-0.210.50
Dividend Yield
1.14%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%54.33%100%
Operating Profit Margin
33.09%40.08%41.38%42.61%43.95%46.36%34.06%53.17%39.38%20.20%N/A46.36%
Pretax Profit Margin
28.10%35.51%39.51%40.64%41.91%43.56%30.70%51.86%37.71%20.20%33.1%43.56%
Net Profit Margin
19.12%23.24%25.29%22.40%32.56%34.20%23.62%39.84%28.81%15.56%25.28%34.20%
Effective Tax Rate
31.96%34.55%36.00%44.86%22.31%21.48%23.05%23.17%23.60%22.95%23.60%22.31%
Return on Assets
0.64%0.83%0.97%0.80%1.17%1.22%0.73%1.59%0.78%0.33%0.78%1.22%
Return On Equity
7.98%10.78%11.86%8.71%12.81%13.53%8.02%16.80%9.88%4.29%10.18%13.53%
Return on Capital Employed
1.11%1.44%4.76%4.84%4.92%5.99%4.65%14.41%8.53%0.42%N/A5.99%
Liquidity Ratios
Current Ratio
0.110.140.090.110.080.00N/AN/AN/AN/AN/A0.00
Quick Ratio
N/AN/A0.040.070.050.070.040.060.05N/AN/A0.07
Cash ratio
N/AN/A0.040.070.050.070.040.060.05N/AN/A0.07
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/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/AN/AN/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/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.120.100.090.020.020.010.010.010.050.070.920.02
Debt Equity Ratio
1.541.361.170.250.220.170.150.120.710.9911.530.22
Long-term Debt to Capitalization
0.600.570.530.200.180.140.130.110.410.49N/A0.14
Total Debt to Capitalization
0.600.570.530.200.180.140.130.110.410.49N/A0.14
Interest Coverage Ratio
N/AN/AN/AN/AN/A1.09N/AN/AN/AN/AN/A1.09
Cash Flow to Debt Ratio
0.030.150.130.440.820.510.572.160.230.05N/A0.51
Company Equity Multiplier
12.4012.9112.2010.8510.9211.0110.8710.5212.5312.9712.5310.92
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.450.330.290.460.220.260.660.490.200.000.22
Free Cash Flow / Operating Cash Flow Ratio
0.520.760.680.680.930.530.640.660.720.9210.93
Cash Flow Coverage Ratio
0.030.150.130.440.820.510.572.160.230.05N/A0.51
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
15.24%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A