Shares Outstanding Shares Outstanding n/a Close	14.98M
Shares Change (YoY) Shares Change (YoY) n/a Close	98.65%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	67.9%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	38.02%
Shares Floating Shares Floating n/a Close	13.76M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	86
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.13%

Short Selling Information

The latest short interest is 104.39K, so 0.7% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	104.39K
Short % of Shares Out Short % of Shares Out n/a Close	0.7%
Short % of Float Short % of Float n/a Close	0.74%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	1.48

Valuation Ratios

The PE ratio is 10.89 and the forward PE ratio is 7.58. ChoiceOne Financial Services's PEG ratio is 1.14.

PE Ratio PE Ratio n/a Close	10.89
Forward PE Forward PE n/a Close	7.58
PS Ratio PS Ratio n/a Close	3.15
Forward PS Forward PS n/a Close	2.4
PB Ratio PB Ratio n/a Close	1.12
P/FCF Ratio P/FCF Ratio n/a Close	6.2
PEG Ratio PEG Ratio n/a Close	1.14

Financial Ratio History

Enterprise Valuation

ChoiceOne Financial Services has an Enterprise Value (EV) of 405.4M.

EV / Sales EV / Sales n/a Close	4.39
EV / EBITDA EV / EBITDA n/a Close	11.88
EV / EBIT EV / EBIT n/a Close	8.33
EV / FCF EV / FCF n/a Close	8.64

Financial Position

The company has a current ratio of 0.24, with a Debt / Equity ratio of 0.81.

Current Ratio Current Ratio n/a Close	0.24
Quick Ratio Quick Ratio n/a Close	0.24
Debt / Equity Debt / Equity n/a Close	0.81
Debt / EBITDA Debt / EBITDA n/a Close	6.18
Debt / FCF Debt / FCF n/a Close	4.49
Interest Coverage Interest Coverage n/a Close	0.73

Financial Efficiency

Return on Equity is 10.26% and Return on Invested Capital is 5.41%.

Return on Equity Return on Equity n/a Close	10.26%
Return on Assets Return on Assets n/a Close	0.98%
Return on Invested Capital Return on Invested Capital n/a Close	5.41%
Revenue Per Employee Revenue Per Employee n/a Close	$152,788.43
Profits Per Employee Profits Per Employee n/a Close	$44,176.86
Employee Count Employee Count n/a Close	605
Asset Turnover Asset Turnover n/a Close	0.03
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	6.36M
Effective Tax Rate Effective Tax Rate n/a Close	19.23%

Stock Price Statistics

The stock price has increased by 7.47% in the last 52 weeks. The beta is 0.58, so ChoiceOne Financial Services's price volatility has been higher than the market average.

Beta Beta n/a Close	0.58
52-Week Price Change 52-Week Price Change n/a Close	7.47%
50-Day Moving Average 50-Day Moving Average n/a Close	28.4
200-Day Moving Average 200-Day Moving Average n/a Close	31.61
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	38.18
Average Volume (20 Days) Average Volume (20 Days) n/a Close	66,139

Income Statement

In the last 12 months, ChoiceOne Financial Services had revenue of 92.44M and earned 26.73M in profits. Earnings per share was 3.09.

Revenue Revenue n/a Close	92.44M
Gross Profit Gross Profit n/a Close	91.81M
Operating Income Operating Income n/a Close	34.13M
Net Income Net Income n/a Close	26.73M
EBITDA EBITDA n/a Close	34.13M
EBIT EBIT n/a Close	33.09M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	3.09

Full Income Statement

Balance Sheet

The company has 96.4M in cash and 210.75M in debt, giving a net cash position of -114.35M.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	96.4M
Total Debt Total Debt n/a Close	210.75M
Net Cash Net Cash n/a Close	-114.35M
Retained Earnings Retained Earnings n/a Close	91.41M
Total Assets Total Assets n/a Close	4.31B
Working Capital Working Capital n/a Close	-3.12B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 48.65M and capital expenditures -1.71M, giving a free cash flow of 46.94M.

Operating Cash Flow Operating Cash Flow n/a Close	48.65M
Capital Expenditures Capital Expenditures n/a Close	-1.71M
Free Cash Flow Free Cash Flow n/a Close	46.94M
FCF Per Share FCF Per Share n/a Close	5.75

Full Cash Flow Statement

Margins

Gross margin is 99.32%, with operating and profit margins of 36.92% and 28.91%.

Gross Margin Gross Margin n/a Close	99.32%
Operating Margin Operating Margin n/a Close	36.92%
Pretax Margin Pretax Margin n/a Close	35.8%
Profit Margin Profit Margin n/a Close	28.91%
EBITDA Margin EBITDA Margin n/a Close	36.92%
EBIT Margin EBIT Margin n/a Close	36.92%
FCF Margin FCF Margin n/a Close	50.78%

Dividends & Yields

COFS pays an annual dividend of $1.38, which amounts to a dividend yield of 3.94%.

Dividend Per Share Dividend Per Share n/a Close	$1.38
Dividend Yield Dividend Yield n/a Close	3.94%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	3.7%
Payout Ratio Payout Ratio n/a Close	114.05%
Earnings Yield Earnings Yield n/a Close	9.18%
FCF Yield FCF Yield n/a Close	16.13%

Dividend Details

Analyst Forecast

The average price target for COFS is $39, which is 39.7% higher than the current price. The consensus rating is "Buy".

Price Target Price Target n/a Close	$39
Price Target Difference Price Target Difference n/a Close	39.7%
Analyst Consensus Analyst Consensus n/a Close	Buy
Analyst Count Analyst Count n/a Close	2

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$25.46
Lynch Upside Lynch Upside n/a Close	-8.81%
Graham Number Graham Number n/a Close	48.46
Graham Upside Graham Upside n/a Close	73.57%

Stock Splits

The last stock split was on May 9, 2018. It was a forward split with a ratio of 21:20.

Last Split Date Last Split Date n/a Close	May 9, 2018
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	21:20

Scores

Altman Z-Score Altman Z-Score n/a Close	-0.76
Piotroski F-Score Piotroski F-Score n/a Close	7