Peoples Bancorp Inc. (PEBO US) · 10+ Years of Financial Ratios

Profitability	2009 Y	2010 Y	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
Return on Common Equity (%)	4.78	7.69	8.43	8.93	7.23	5.51	2.77	7.01	8.23	9.01	9.3	5.69	6.31	10.98	10.57
Return on Assets (%)	0.21	0.29	0.69	1.1	0.88	0.72	0.38	0.93	1.1	1.22	1.29	0.76	0.8	1.42	1.39
Return on Capital (%)	- -	-6.55	-0.5	3.43	2.83	2.04	0.55	3.47	3.93	3.34	3.08	2.33	4.17	7.08	2.18
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.29	16.78	20.3	20.93	18	12.5	13.17	12.71	11.12	10.08	8.99	13.14	10.62	5.35	0.87
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	3.28	6.11	20.25	33.36	32.49	22.93	10.55	30.01	35.06	30.41	32.89	21.86	24.55	39.75	34.35
Profit Margin (%)	4.4	5.93	14.82	22.74	19.63	15.83	7.79	20.65	23.58	25.61	27.02	17.82	20.49	31.3	26.83
Net Income to Common Margin (%)	2.43	3.75	13.24	22.74	19.63	15.83	7.79	20.65	23.58	25.61	27.02	17.82	20.49	31.3	26.83
Effective Tax Rate (%)	- -	2.99	26.8	31.85	39.58	31	26.15	31.19	32.75	15.81	17.84	18.48	16.53	21.26	21.89
Dvd Payout Ratio (%)	306.53	105.41	33.99	21.86	30.84	40.56	91.99	35.86	38.23	45.22	48.31	77.81	65.19	41.83	45.73
Sustainable Growth Rate (%)	-9.88	-0.42	5.56	6.97	5	3.27	0.22	4.49	5.09	4.94	4.8	1.26	2.2	6.38	5.74

Credit	2009 Y	2010 Y	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
Total Debt	294	180	108	104	153	154	150	336	237	415	357	131	154	501	585
ST Debt	25	- -	8	15	71	15	76	231	93	305	274	20	55	400	369
LT Debt	269	180	100	89	82	139	74	105	144	110	83	111	99	101	216
Total Debt/EBITDA	71.83	11.41	6.31	5.53	9.49	11.7	8.09	17.54	13.04	22.78	20	5.09	6.27	28.93	159.55
Net Debt/EBITDA	61.61	6.69	4.04	2.2	6.15	7.03	4.25	14.09	9.06	18.51	13.55	-0.84	-10.6	20.04	43.22
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	-0.1	-0.58	-0.9	-1.43	-1.38	-1.23	-1.73	-1.81	-1.38	-0.84	-0.61	-1.41	-2.01	-1.07	-0.04
EBITDA-CapEx/Interest Expense	-0.05	-0.5	-0.83	-1.09	-0.81	-0.57	-0.85	-1.3	-1.01	-0.63	-0.51	-1.17	-1.47	-0.66	0.1
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	-40	-27	-19	-13	-12	-11	-11	-11	-13	-22	-29	-18	-12	-16	-100
Common Equity/Total Assets	2.31	2.48	12.29	12.31	12.13	13.87	13.34	13.25	13.4	13.71	13.96	12.88	12.65	13.21	13.02
Long-Term Debt/Equity (%)	110.11	78.15	48.35	40.06	36.93	40.89	17.55	24.16	31.4	21.08	13.98	19.21	11.77	12.87	20.53
Long-Term Debt/Capital (%)	70.99	68.16	30.37	26.12	20.32	27.26	12.61	13.3	20.1	11.4	8.61	14.87	9.49	6.96	12.16
Long-Term Debt/Total Assets (%)	13.42	9.81	5.57	4.63	3.97	5.42	2.26	3.06	4.02	2.75	1.91	2.32	1.41	1.4	2.36
Total Debt/Equity (%)	120.36	78.15	52.46	46.82	68.98	45.3	35.65	77.23	51.6	79.72	60.08	22.68	18.28	63.81	55.55
Total Debt/Capital (%)	77.6	68.16	32.96	30.53	37.96	30.2	25.61	42.51	33.03	43.11	37	17.55	14.74	34.48	32.92
Total Debt/Total Assets (%)	14.67	9.81	6.04	5.41	7.42	6	4.59	9.79	6.61	10.39	8.2	2.74	2.19	6.95	6.39
Net Debt to Equity	103.24	45.79	33.61	18.62	44.69	27.23	18.71	62.03	35.85	64.8	40.7	-3.74	-30.92	44.19	15.05
Net Debt/Capital (%)	74.82	55.65	23.95	14.88	28.39	20.64	15.3	37.26	25.52	38.12	28.46	-3.64	-41.33	26.71	11.73
EBITDA	4	16	17	19	16	13	19	19	18	18	18	26	25	17	4
EBITDA-CapEx	2	14	16	14	10	6	9	14	13	14	15	21	18	11	-10
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity	2009 Y	2010 Y	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
Cash Ratio	1.01	5.36	23.53	16.54	7.14	16.54	8.14	3.15	6.58	2.45	3.07	8.17	11.66	2.55	4
Current Ratio	1.01	5.36	23.53	16.54	7.14	16.54	8.14	3.15	6.58	2.45	3.07	8.17	12.51	3.22	5.09
Quick Ratio	1.01	5.36	23.53	16.54	7.14	16.54	8.14	3.15	6.58	2.45	3.07	8.17	12.51	3.22	5.09
CFO/Avg Current Liab	0.51	1.63	2.05	1.17	0.6	0.47	0.65	0.33	0.31	0.31	0.19	0.38	1.22	0.37	0.33
Common Equity/Total Assets	2.31	2.48	12.29	12.31	12.13	13.87	13.34	13.25	13.4	13.71	13.96	12.88	12.65	13.21	13.02
Long-Term Debt/Equity (%)	110.11	78.15	48.35	40.06	36.93	40.89	17.55	24.16	31.4	21.08	13.98	19.21	11.77	12.87	20.53
Long-Term Debt/Capital (%)	70.99	68.16	30.37	26.12	20.32	27.26	12.61	13.3	20.1	11.4	8.61	14.87	9.49	6.96	12.16
Long-Term Debt/Total Assets (%)	13.42	9.81	5.57	4.63	3.97	5.42	2.26	3.06	4.02	2.75	1.91	2.32	1.41	1.4	2.36
Total Debt/Equity (%)	120.36	78.15	52.46	46.82	68.98	45.3	35.65	77.23	51.6	79.72	60.08	22.68	18.28	63.81	55.55
Total Debt/Capital (%)	77.6	68.16	32.96	30.53	37.96	30.2	25.61	42.51	33.03	43.11	37	17.55	14.74	34.48	32.92
Total Debt/Total Assets (%)	14.67	9.81	6.04	5.41	7.42	6	4.59	9.79	6.61	10.39	8.2	2.74	2.19	6.95	6.39
CFO/Total Liabilities	1.32	2.81	2.73	2.43	2.2	1.41	1.69	2.02	1.95	2.17	1.79	2.04	2.52	1.87	1.77
CFO/CapEx	10.8	22.8	33.63	9.11	6.13	4.43	5.08	11.16	12.54	16.61	23.91	19.88	23.4	17.75	10.67
Altman's Z-Score	0.12	0.19	0.59	0.6	0.52	0.52	0.45	0.42	0.47	0.37	0.43	0.39	0.46	0.37	0.4

Working Capital	2009 Y	2010 Y	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
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	2009 Y	2010 Y	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
Market Capitalization	103	165	155	215	240	387	356	595	602	581	721	528	893	800	1,211
- Cash & Cash Equivalents	42	75	39	63	54	61	71	66	72	78	115	152	416	154	427
+ Preferred Equity and Hybrid Capital	39	39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	294	180	108	104	153	154	150	336	237	415	357	131	154	501	585
Enterprise Value	393	309	-404	-382	-267	-157	-350	87	-28	126	27	-246	-644	16	321
Total Capital	378	264	329	340	403	510	584	791	716	962	965	744	1,048	1,453	1,778
Total Debt/Capital (%)	77.6	68.16	32.96	30.53	37.96	30.2	25.61	42.51	33.03	43.11	37	17.55	14.74	34.48	32.92
Total Debt / EV	0.75	0.58	-0.27	-0.27	-0.57	-0.98	-0.43	3.86	-8.33	3.29	13.33	-0.53	-0.24	32.25	1.82
EV/Sales	4.13	3.28	- -	- -	- -	- -	- -	0.58	- -	0.7	0.13	- -	- -	0.05	0.76
EV/EBITDA	96.22	19.57	- -	- -	- -	- -	- -	4.54	- -	6.92	1.5	- -	- -	0.9	87.58
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	16.72	- -	- -	- -	- -	- -	1.63	- -	2.21	0.62	- -	- -	0.15	4.9
EV/Free Cash Flow to Firm	- -	15.1	- -	- -	- -	- -	- -	1.48	- -	2.05	0.58	- -	- -	0.14	4.07
Diluted Market Cap	103	165	154	215	241	321	343	593	600	569	706	536	695	794	1,126
Diluted Enterprise Value	393	309	224	256	340	414	422	863	764	906	948	514	433	1,141	1,285
EV per Share	37.91	29.57	- -	- -	- -	- -	- -	4.78	- -	6.45	1.29	- -	- -	0.55	9.12
TTM Sales	95	94	85	90	90	105	140	151	163	181	199	195	232	324	422
TTM EBITDA	4	16	17	19	16	13	19	19	18	18	18	26	25	17	4
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-31	18	29	32	33	24	40	53	52	57	43	71	146	107	66
TTM Free Cash Flow to Firm	-29	20	31	37	40	31	49	59	57	62	46	75	153	114	79

Multiples	2009 Y	2010 Y	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
Price/Earnings	44.43	46.58	13.77	10.55	13.61	19.07	31.11	18.9	15.45	12.22	13.05	15.32	14.51	7.81	9.87
Price/Earnings Average	61.66	42.24	11.6	10.1	13.04	17.85	35.87	12.99	15.15	14.59	12.03	13.71	14.57	8.25	7.93
Price/Earnings High	82.23	53.88	14.73	12.1	14.24	19.96	40.37	18.48	16.12	16	12.97	20.04	16.3	9.17	9.83
Price/Earnings Low	32.92	27.62	8.95	7.61	11.76	15.12	29.54	9.54	14.07	11.77	11.22	10.45	12.49	7.14	6.67
Price/Book Value	2.23	3.62	0.7	0.91	0.96	1.09	0.82	1.31	1.26	1.06	1.19	0.86	1	0.84	1.02
Price/Book Value Average	3.09	3.28	0.59	0.87	0.92	1.02	0.94	0.9	1.23	1.27	1.09	0.77	1	0.89	0.82
Price/Book Value High	4.12	4.19	0.75	1.05	1	1.14	1.06	1.28	1.31	1.39	1.18	1.13	1.12	0.99	1.01
Price/Book Value Low	1.65	2.15	0.46	0.66	0.83	0.86	0.78	0.66	1.14	1.02	1.02	0.59	0.86	0.77	0.69
Price/Tangible Book Value	0.74	1.3	1.09	1.41	1.67	1.68	1.32	2.06	1.92	1.62	1.73	1.35	1.61	1.74	1.89
Price/Tangible Book Value Average	1.02	1.18	0.92	1.35	1.6	1.57	1.52	1.41	1.88	1.94	1.59	1.21	1.62	1.84	1.52
Price/Tangible Book Value High	1.36	1.5	1.16	1.61	1.74	1.76	1.71	2.01	2	2.12	1.72	1.77	1.81	2.05	1.88
Price/Tangible Book Value Low	0.55	0.77	0.71	1.01	1.44	1.33	1.25	1.04	1.75	1.56	1.49	0.92	1.39	1.59	1.28
Price/Sales	1.08	1.75	1.82	2.4	2.67	3.02	2.42	3.9	3.64	3.13	3.53	2.73	2.97	2.44	2.65
Price/Sales Average	1.5	1.58	1.54	2.3	2.56	2.82	2.79	2.68	3.57	3.74	3.25	2.44	2.99	2.58	2.13
Price/Sales High	2	2.02	1.95	2.75	2.8	3.16	3.14	3.82	3.8	4.1	3.51	3.57	3.34	2.87	2.64
Price/Sales Low	0.8	1.04	1.18	1.73	2.31	2.39	2.3	1.97	3.32	3.01	3.03	1.86	2.56	2.23	1.79
Price/Cash Flow	4.42	3.64	3.56	5.21	5.91	10.1	7.11	9.71	9.74	7.51	10.43	6.23	4.41	6.6	7.79
Price/Cash Flow Average	6.14	3.3	3	4.99	5.66	9.46	8.2	6.67	9.55	8.97	9.62	5.58	4.43	6.97	6.26
Price/Cash Flow High	8.18	4.21	3.81	5.98	6.18	10.57	9.22	9.49	10.16	9.84	10.37	8.15	4.96	7.75	7.76
Price/Cash Flow Low	3.28	2.16	2.31	3.76	5.11	8.01	6.75	4.9	8.87	7.24	8.97	4.25	3.8	6.04	5.27
Price/Free Cash Flow	4.05	3.49	3.46	4.7	5.13	8.32	5.98	8.98	9.1	7.13	10.09	5.97	4.26	6.27	7.17
Price/Free Cash Flow Average	5.62	3.17	2.91	4.5	4.91	7.79	6.9	6.17	8.93	8.52	9.3	5.34	4.28	6.62	5.76
Price/Free Cash Flow High	7.5	4.04	3.7	5.39	5.37	8.71	7.77	8.78	9.49	9.34	10.03	7.81	4.78	7.36	7.15
Price/Free Cash Flow Low	3	2.07	2.25	3.39	4.43	6.6	5.68	4.53	8.29	6.87	8.68	4.07	3.66	5.73	4.85
EV/Sales	4.13	3.28	- -	- -	- -	- -	- -	0.58	- -	0.7	0.13	- -	- -	0.05	0.76
EV/Sales Average	4.55	3.12	2.36	2.76	3.67	4.32	3.48	4.5	4.63	5.71	4.56	2.31	2.74	3.68	2.68
EV/Sales High	5.05	3.56	2.77	3.22	3.91	4.72	3.84	5.65	4.86	6.08	4.82	3.43	3.2	3.97	3.23
EV/Sales Low	3.85	2.57	2.01	2.19	3.42	3.79	2.96	3.78	4.37	4.96	4.34	1.74	2.19	3.33	2.31
EV/EBITDA	96.22	19.57	- -	- -	- -	- -	- -	4.54	- -	6.92	1.5	- -	- -	0.9	87.58
EV/EBITDA Average	105.98	18.6	11.62	13.19	20.4	34.56	26.41	35.42	41.62	56.62	50.75	17.6	25.8	68.83	308.68
EV/EBITDA High	117.64	21.21	13.67	15.37	21.72	37.81	29.19	44.43	43.69	60.31	53.67	26.12	30.11	74.27	372.32
EV/EBITDA Low	89.69	15.32	9.89	10.48	19.01	30.34	22.5	29.75	39.29	49.26	48.24	13.22	20.59	62.27	266.49
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	9.92	15.77	14.73	20.43	22.6	26.11	19.39	32.69	32.94	29.75	34.83	27.01	31.63	28.35	34.38
High Price	18.36	18.24	15.76	23.43	23.65	27.33	25.16	31.96	34.35	38.97	34.62	35.33	35.53	33.29	34.27
Low Price	7.35	9.35	9.57	14.73	19.54	20.7	18.41	16.5	29.99	28.67	29.94	18.43	27.22	25.92	23.25
Enterprise Value	393	309	-404	-382	-267	-157	-350	87	-28	126	27	-246	-644	16	321
Enterprise Value Average	433	294	200	248	329	455	489	679	755	1,031	906	451	636	1,192	1,132
Enterprise Value High	481	335	235	288	350	498	540	852	793	1,098	959	670	742	1,286	1,366
Enterprise Value Low	367	242	170	197	306	400	416	570	713	897	862	339	507	1,078	978

Per Share Data Items	2009 Y	2010 Y	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
Shares Outstanding	10	10	11	11	11	15	18	18	18	20	21	20	28	28	35
Diluted Weighted Avg Shares	10	10	10	11	11	12	18	18	18	19	20	20	22	28	33
Basic Weighted Avg Shares	10	10	10	11	11	12	18	18	18	19	20	20	22	28	33
Revenue per Share	9.19	9.03	8.08	8.52	8.46	8.65	8	8.38	9.04	9.51	9.88	9.89	10.64	11.6	12.99
EBITDA per Share	0.39	1.52	1.64	1.78	1.52	1.08	1.05	1.06	1.01	0.96	0.89	1.3	1.13	0.62	0.11
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.22	0.34	1.07	1.94	1.66	1.37	0.62	1.73	2.13	2.44	2.67	1.76	2.18	3.63	3.48
Basic EPS from Cont Ops	0.4	0.54	1.2	1.94	1.66	1.37	0.62	1.73	2.13	2.44	2.67	1.76	2.18	3.63	3.48
Diluted EPS, GAAP	0.22	0.34	1.07	1.94	1.65	1.36	0.62	1.72	2.11	2.42	2.65	1.75	2.17	3.62	3.46
Diluted EPS from Cont Ops	0.4	0.53	1.2	1.94	1.65	1.36	0.62	1.72	2.11	2.42	2.65	1.75	2.17	3.62	3.46
Dividend per Share	0.87	0.55	0.49	0.42	0.51	0.56	0.57	0.62	0.81	1.1	1.29	1.37	1.42	1.52	1.59
Cash Flow per Share	2.24	4.33	4.14	3.92	3.82	2.59	2.73	3.37	3.38	3.96	3.34	4.33	7.17	4.29	4.42
Free Cash Flow per Basic Share	2.04	4.14	4.02	3.49	3.2	2	2.19	3.07	3.11	3.72	3.2	4.12	6.86	4.05	4
Cash & Equivalents per Share	4.03	7.14	63.53	66.53	62.22	47.07	46.65	46.38	47.43	44.54	50.79	46.26	59.89	45.56	41.87
Book Value per Share	4.46	4.36	20.99	22.39	23.55	24	23.7	24.98	26.24	28.03	29.37	31.34	31.64	33.76	33.85
Tangible Book Value per Share	13.48	12.16	13.53	14.52	13.57	15.57	14.73	15.89	17.17	18.34	20.14	19.99	19.62	16.27	18.21

Peoples Bancorp Inc.

PEBO US

28.80

28.80