Summit State Bank
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.0810.9114.5023.4512.2512.157.777.036.227.6010.5112.15
Price/Sales ratio
3.503.243.483.802.983.072.352.462.122.040.933.07
Price/Book Value ratio
0.981.141.221.291.161.161.081.221.190.840.501.16
Price/Cash Flow ratio
13.6214.5613.7918.2019.0519.0321.991.987.70-34.6015.6419.03
Price/Free Cash Flow ratio
16.0014.8414.4219.1224.8225.0622.771.997.80-31.4317.1725.06
Price/Earnings Growth ratio
0.371.11-0.87-0.700.161.050.120.170.40-0.210.190.16
Dividend Yield
3.38%3.62%3.19%3.56%4.07%3.70%3.56%2.88%3.05%3.94%3.68%3.70%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%162.26%128.33%100%
Operating Profit Margin
54.70%55.19%46.79%39.74%50.11%34.61%43.03%49.64%61.25%54.41%75.25%50.11%
Pretax Profit Margin
49.33%50.58%40.82%29.19%33.61%34.61%43.03%49.64%48.09%37.88%12.64%34.61%
Net Profit Margin
29.00%29.73%24.00%16.22%24.34%25.26%30.30%34.94%34.19%26.83%8.93%25.26%
Effective Tax Rate
41.21%41.22%41.21%44.41%27.56%27.01%29.59%29.60%28.91%29.18%29.30%27.56%
Return on Assets
1.19%1.17%0.96%0.53%0.93%0.93%1.21%1.53%1.52%0.96%0.43%0.93%
Return On Equity
8.11%10.51%8.47%5.51%9.47%9.61%13.90%17.43%19.16%11.07%4.92%9.61%
Return on Capital Employed
2.25%2.19%1.89%1.32%1.93%1.28%1.73%2.19%2.75%11.17%8.25%1.93%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A1.10N/AN/AN/AN/A0.12N/A
Quick Ratio
171.59123.30201.15192.48205.7841.3530.9921.3221.380.060.1241.35
Cash ratio
12.285.4512.6725.738.3511.486.765.216.170.060.1211.48
Days of Sales Outstanding
76.2388.4674.4857.9171.53N/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
0.070.100.13N/A0.090.070.060.050.040.000.000.07
Debt Equity Ratio
0.510.971.17N/A0.920.760.780.640.520.060.050.76
Long-term Debt to Capitalization
0.340.490.54N/A0.480.430.430.390.340.050.050.43
Total Debt to Capitalization
0.340.490.54N/A0.480.430.430.390.340.050.050.43
Interest Coverage Ratio
9.1810.966.84N/AN/AN/AN/AN/AN/AN/A1.39N/A
Cash Flow to Debt Ratio
0.130.080.07N/A0.060.080.060.950.29-0.400.540.06
Company Equity Multiplier
6.808.958.7610.2310.1110.3311.4411.3612.5911.4911.1110.11
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.220.250.200.150.160.101.230.27-0.050.060.16
Free Cash Flow / Operating Cash Flow Ratio
0.850.980.950.950.760.750.960.990.981.100.900.76
Cash Flow Coverage Ratio
0.130.080.07N/A0.060.080.060.950.29-0.400.540.06
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
40.85%39.56%46.42%83.56%49.97%44.97%27.69%20.33%19.01%30.04%55.76%49.97%