Carolina Financial Corporation Financials

$603.5 M

Mkt cap, 22-Dec-2017
Net income (Q3, 2017)8 M
EBIT (Q3, 2017)19.5 M
Cash, 30-Sep-201745.2 M
EV612.6 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

58.8 m77.3 m90.2 m

Revenue growth, %

31%17%

Cost of goods sold

5.6 m6.6 m8.8 m

Gross profit

53.2 m70.7 m81.5 m

Gross profit Margin, %

90%91%90%

Sales and marketing expense

23.3 m28.6 m31.5 m

General and administrative expense

4.9 m7.2 m7.9 m

Operating expense total

28.2 m35.9 m39.4 m

EBIT

32.1 m43 m52.2 m

EBIT margin, %

55%56%58%

Pre tax profit

11.8 m21.5 m25.4 m

Income tax expense

3.4 m7.1 m7.8 m

Net Income

8.3 m14.4 m17.6 m

    Quarterly

    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Revenue

    13.8 m14.2 m15 m18 m19.9 m19.8 m19.6 m21.7 m25.1 m24.9 m30.9 m

    Cost of goods sold

    1.3 m1.4 m1.4 m1.5 m1.6 m1.6 m2.1 m2.2 m2.3 m2.4 m3 m

    Gross profit

    12.4 m12.8 m13.6 m16.5 m18.3 m18.2 m17.5 m19.5 m22.8 m22.5 m27.9 m

    Gross profit Margin, %

    90%90%90%92%92%92%89%90%91%90%90%

    Sales and marketing expense

    5.3 m5.5 m5.9 m7 m7.3 m7.2 m7.2 m7.7 m8.5 m8.6 m9.3 m

    General and administrative expense

    984 k1.1 m1.2 m1.8 m1.7 m1.8 m1.8 m1.9 m2.1 m2.2 m2.4 m

    Operating expense total

    9.6 m9.5 m10.2 m12.2 m12.4 m12.4 m12.3 m15.8 m13.9 m15.6 m15.9 m

    EBIT

    7.1 m7.3 m8.1 m10 m11.1 m10.9 m11.3 m12.3 m14 m15.3 m19.1 m19.5 m

    EBIT margin, %

    51%52%54%55%56%55%57%57%56%61%62%

    Pre tax profit

    2.8 m3.3 m3.3 m4.4 m5.9 m5.8 m5.3 m3.7 m8.9 m6.9 m12 m12 m

    Income tax expense

    899 k1 m931 k1.4 m2 m1.9 m1.6 m864 k3 m2 m2.7 m4 m

    Net Income

    1.9 m2.2 m2.4 m3 m3.9 m3.9 m3.6 m2.8 m5.9 m4.9 m9.3 m8 m

      Balance Sheet

      Annual

      USDFY, 2014FY, 2015FY, 2016

      Cash

      21.1 m26.6 m24.4 m

      Accounts Receivable

      3.6 m4.3 m5.4 m

      Inventories

      441.8 k478.5 k

      PP&E

      31.1 m32.6 m37.1 m

      Goodwill

      4.3 m

      Total Assets

      1.2 b1.4 b1.7 b

      Accounts Payable

      312 k333 k327 k

      Long-term debt

      61.7 m103.5 m38.5 m

      Total Debt

      38.5 m

      Total Liabilities

      1.5 b

      Additional Paid-in Capital

      23.2 m56.4 m66.2 m

      Retained Earnings

      69.6 m82.9 m98.5 m

      Total Equity

      93.7 m139.9 m163.2 m

      Debt to Equity Ratio

      0.2 x

      Debt to Assets Ratio

      0 x

      Financial Leverage

      12.8 x10.1 x10.3 x

        Quarterly

        USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

        Cash

        29.4 m22.1 m30.3 m46.3 m38.3 m68.6 m45 m45.2 m

        PP&E

        31.6 m32.1 m32.5 m35.3 m35.1 m46.5 m46.9 m

        Goodwill

        4.3 m4.3 m37.3 m37.3 m37.3 m

        Total Assets

        1.3 b1.3 b1.5 b1.6 b1.7 b2.2 b2.2 b2.3 b

        Accounts Payable

        1 b1 b1.1 b1.3 b1.3 b1.6 b1.7 b

        Long-term debt

        55.5 m68.5 m98.5 m68.5 m68.5 m55.3 m75.3 m54.4 m

        Total Debt

        55.5 m68.5 m98.5 m68.5 m68.5 m55.3 m75.3 m54.4 m

        Total Liabilities

        1.2 b1.2 b1.3 b1.5 b1.5 b1.9 b1.9 b2 b

        Additional Paid-in Capital

        23.8 m24.1 m56.8 m65.6 m65.9 m168.1 m168.5 m168.9 m

        Retained Earnings

        76 m79.6 m86.1 m88.3 m93.8 m102.5 m110.2 m117.5 m

        Total Equity

        100.3 m104.2 m142.4 m155 m160.3 m271.5 m281.8 m290.2 m

        Debt to Equity Ratio

        0.2 x

        Debt to Assets Ratio

        0 x

        Financial Leverage

        13.2 x12.8 x10.2 x10.4 x10.3 x8 x7.8 x7.8 x

          Cash Flow

          Annual

          USDFY, 2014FY, 2015FY, 2016

          Net Income

          8.3 m14.4 m17.6 m

          Depreciation and Amortization

          1.2 m1.8 m2 m

          Accounts Receivable

          (668 k)(705 k)(754 k)

          Inventories

          (898 k)2.4 m

          Accounts Payable

          1 k21 k(28 k)

            Quarterly

            USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

            Net Income

            1.9 m4.2 m6.6 m3 m6.9 m10.8 m3.6 m6.5 m12.4 m4.9 m14.2 m8 m

            Depreciation and Amortization

            271 k558 k859 k427 k863 k1.3 m472 k953 k1.5 m568 k1.2 m

            Accounts Receivable

            18 k(257 k)(186 k)(405 k)(458 k)(472 k)(171 k)(162 k)(194 k)(170 k)(568 k)

            Accounts Payable

            13 k14 k(12 k)20 k15 k(8 k)17 k(9 k)105 k170 k

            Cash From Operating Activities

            (14.6 m)19.9 m

            Long-term Borrowings

            (10 m)

              Ratios

              Y, 2017

              EV/EBIT

              31.3 x

              Debt/Equity

              0.2 x

              Financial Leverage

              7.8 x

              Operating Metrics

              Carolina Financial Corporation's Total Loans Issued was reported to be $1.4 b in Q2, 2017
              FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

              Bank Branches

              262730

              Total Loans Issued

              $768.12 m$794.49 m$831.05 m$846.88 m$912.58 m$953.79 m$1.06 b$1.12 b$1.17 b$1.41 b$1.42 b