$970.6 M

CARO Mkt cap, 11-Jul-2018

$47.7 M

Carolina Financial Corporation Revenue Q1, 2018
Carolina Financial Corporation Gross profit (Q1, 2018)42.2 M
Carolina Financial Corporation Gross profit margin (Q1, 2018), %88.4%
Carolina Financial Corporation Net income (Q1, 2018)4.1 M
Carolina Financial Corporation EBIT (Q1, 2018)32.1 M
Carolina Financial Corporation Cash, 31-Mar-201861.4 M
Carolina Financial Corporation EV976.6 M

Carolina Financial Corporation Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

58.8 m77.3 m90.2 m

Revenue growth, %

31%17%

Cost of goods sold

5.6 m6.6 m8.8 m13.3 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 m10.3 m

Operating expense total

28.2 m35.9 m39.4 m73.4 m

EBIT

32.1 m43 m52.2 m81.1 m

EBIT margin, %

55%56%58%

Pre tax profit

11.8 m21.5 m25.4 m41.5 m

Income tax expense

3.4 m7.1 m7.8 m13 m

Net Income

8.3 m14.4 m17.6 m28.6 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

13.8 m14.2 m15 m18 m19.9 m19.8 m19.6 m21.7 m25.1 m24.9 m30.9 m47.7 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 m5.5 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 m42.2 m

Gross profit Margin, %

90%90%90%92%92%92%89%90%91%90%90%88%

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 m3.7 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 m37.6 m

EBIT

7.1 m7.3 m8.1 m10 m11.1 m10.9 m11.3 m12.3 m14 m15.3 m19.1 m19.5 m32.1 m

EBIT margin, %

51%52%54%55%56%55%57%57%56%61%62%67%

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 m4.6 m

Income tax expense

899 k1 m931 k1.4 m2 m1.9 m1.6 m864 k3 m2 m2.7 m4 m525 k

Net Income

1.9 m2.2 m2.4 m3 m3.9 m3.9 m3.6 m2.8 m5.9 m4.9 m9.3 m8 m4.1 m

Carolina Financial Corporation Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

21.1 m26.6 m24.4 m81.3 m

Accounts Receivable

3.6 m4.3 m5.4 m

Inventories

441.8 k478.5 k

PP&E

31.1 m32.6 m37.1 m61.4 m

Goodwill

4.3 m127.6 m

Total Assets

1.2 b1.4 b1.7 b3.5 b

Accounts Payable

312 k333 k327 k2.6 b

Long-term debt

61.7 m103.5 m38.5 m72.3 m

Total Debt

38.5 m72.3 m

Total Liabilities

1.5 b

Additional Paid-in Capital

23.2 m56.4 m66.2 m348 m

Retained Earnings

69.6 m82.9 m98.5 m123.5 m

Total Equity

93.7 m139.9 m163.2 m475.4 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0 x

Financial Leverage

12.8 x10.1 x10.3 x7.4 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

29.4 m22.1 m30.3 m46.3 m38.3 m68.6 m45 m45.2 m61.4 m

PP&E

31.6 m32.1 m32.5 m35.3 m35.1 m46.5 m46.9 m62.6 m

Goodwill

4.3 m4.3 m37.3 m37.3 m37.3 m127.6 m

Total Assets

1.3 b1.3 b1.5 b1.6 b1.7 b2.2 b2.2 b2.3 b3.6 b

Accounts Payable

1 b1 b1.1 b1.3 b1.3 b1.6 b1.7 b2.7 b

Long-term debt

55.5 m68.5 m98.5 m68.5 m68.5 m55.3 m75.3 m54.4 m67.3 m

Total Debt

55.5 m68.5 m98.5 m68.5 m68.5 m55.3 m75.3 m54.4 m67.3 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 m348.6 m

Retained Earnings

76 m79.6 m86.1 m88.3 m93.8 m102.5 m110.2 m117.5 m126.3 m

Total Equity

100.3 m104.2 m142.4 m155 m160.3 m271.5 m281.8 m290.2 m475 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 x7.5 x

Carolina Financial Corporation 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)

Carolina Financial Corporation Ratios

USDY, 2018

EV/EBIT

30.4 x

Financial Leverage

7.5 x
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Carolina Financial Corporation Operating Metrics

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

Bank Branches

26 27 30

Total Loans

$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
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