Associated Capital Group, Inc. Financial Ratios — AC Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	- -	- -	-10.59	216.28	83.46	- -	- -	- -	144.16	-116.99	118.13	94.22
Return on Assets (%)	- -	9.09	0.45	-0.01	1.14	0.9	-5.92	3.99	1.72	4.98	-4.59	4	4.72
Return on Capital (%)	- -	817.34	- -	- -	95.52	- -	- -	118.17	53.49	132.84	- -	94.21	84.04
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-2.4	-36.17	-5.86	-13.97	-4.27	-38.35	-16.8	-32.96	-18.72	-57.15	-24	-78.92	-83.4
EBITDA Margin (%)	-58.99	-71.02	-47.13	-62.6	-39.12	-75.68	-59.09	-59.63	-65.41	-89.36	-71.72	-130.78	-139.6
Operating Margin (%)	-59.03	-71.1	-47.19	-62.66	-39.17	-75.74	-59.18	-59.72	-65.69	-91.17	-73.96	-133.62	-142.34
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	50.03	197.76	-1.82	-11.28	45.94	23.27	-302.3	257.7	157.42	388.74	-397.06	369.51	400.27
Profit Margin (%)	34.83	131.06	14.27	-0.49	32.72	32.83	-255.06	176.48	99.12	282.94	-321.16	295.29	336.46
Net Income to Common Margin (%)	34.83	131.06	14.27	-0.49	32.72	32.83	-255.06	176.48	99.12	282.94	-321.16	295.29	336.46
Effective Tax Rate (%)	28.81	32.58	- -	- -	27.02	- -	- -	22.07	31.37	21.77	- -	19.5	15.75
Dvd Payout Ratio (%)	- -	- -	- -	- -	23.36	55.89	-8.23	9.38	31.14	6.49	-10.45	11.44	104.99
Sustainable Growth Rate (%)	- -	- -	- -	-10.59	165.76	36.81	- -	- -	- -	134.81	-129.21	104.62	-4.7

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	13.76	28.81	14.39	25.71	14.39	30.43	25.83	3.18	17.06	20	19.14	16.29
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	13.74	28.77	14.38	25.68	14.38	30.38	25.79	3.17	16.73	19.4	18.73	15.97
EBITDA to Interest Expense	-6.59	-7.6	-7.2	-11.35	-20.7	-89.74	-51.37	-61.3	-68.98	-60.31	-50.56	-35.9	-68.88
EBITDA-CapEx/Interest Expense	-6.59	-7.6	-7.2	-11.35	-20.7	-89.74	-51.37	-91.48	-130.56	-60.31	-50.56	-35.9	-68.88
EBIT to Interest Expense	-6.6	-7.61	-7.21	-11.36	-20.73	-89.81	-51.45	-61.39	-69.27	-61.54	-52.14	-36.68	-70.24
Interest Expense	2	2	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	- -	0.25	0.77	1.37	-4.18	-0.07	1.16	5.69	1.63	5.11	4.9
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	- -	-39.74	-48.98	-27.17	-35.76	-30.39	-44.71	-36.08	-4.38	-34.11	-24.26	-34.77	-33.35
Net Debt/Capital (%)	- -	103.5	100	105.21	103.83	125.77	102.49	117.41	168.96	126.43	113.12	120.66	120.73
EBITDA	-13	-15	-10	-14	-12	-20	-13	-13	-12	-19	-11	-17	-18
EBITDA-CapEx	-13	-15	-10	-14	-12	-20	-13	-20	-24	-19	-11	-17	-18
Operating Income (Loss)	-13	-15	-10	-14	-12	-20	-13	-13	-12	-19	-11	-17	-19

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	- -	2.52	3.12	2.99	4.88	7.96	14.22	7.95	7.88	8.03	16.56	16.4	12.88
Current Ratio	- -	3.22	3.98	4	5.25	9.5	15.27	8.92	12.22	13.01	17.73	18.18	14.23
Quick Ratio	- -	3.22	3.98	4	5.25	9.5	15.27	8.74	8.63	9.31	17.73	18.18	14.23
CFO/Avg Current Liab	- -	1.03	-0.69	-0.59	0.1	-1.34	2.35	-1.17	-5.86	4.96	-1.97	5.89	1.01
Common Equity/Total Assets	- -	- -	- -	0.25	0.77	1.37	-4.18	-0.07	1.16	5.69	1.63	5.11	4.9
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	- -	47.12	-34.14	-59.59	8.86	-158.96	200.55	-70.28	-102.27	88.88	-258.42	472.26	72.65
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	-6.8	-25.2	- -	- -	- -	- -
Altman's Z-Score	- -	0.31	0.42	5.45	6.33	10.83	12.13	8.19	2.17	2.62	19.74	15.01	12.37

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	0.75	0.32	0.33	0.75	0.85	0.65	0.72	0.59	0.51	0.46	0.69	0.5
Days Sales Outstanding	- -	483.47	1,151.23	1,118.22	489.62	427.12	557.96	507.48	622.46	722.32	799.03	526.58	727.12
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	5.56	0.83	0.55	1.23	4.75	2.83	2.89	2.11	4.15	2.21	3.71	4.86
Accounts Payable Turnover Days	- -	65.64	437.77	659.26	297.3	76.84	128.9	126.11	173.17	87.88	165.49	98.46	75.15
Cash Conversion Cycle	- -	417.84	713.46	458.96	192.32	350.29	429.07	381.38	449.29	634.44	633.54	428.11	651.97
Inventory to Cash Days	- -	483.47	1,151.23	1,118.22	489.62	427.12	557.96	507.48	622.46	722.32	799.03	526.58	727.12
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	- -	- -	686	741	743	748	817	735	894	874	739	731
- Cash & Cash Equivalents	- -	200	286	206	314	293	410	342	40	319	218	317	300
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	7	- -	8	4	46	50	51	2	-2	10	6	6
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	- -	7	- -	10	12	60	10	51	16	67	25	54	51
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	694	750	747	748	817	735	894	874	739	731
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	22	20	21	23	31	27	23	22	19	21	15	13	13
TTM EBITDA	-13	-15	-10	-14	-12	-20	-13	-13	-12	-19	-11	-17	-18
TTM Operating Income	-13	-15	-10	-14	-12	-20	-13	-13	-12	-19	-11	-17	-19
TTM Cash Flow to Firm	-1	42	-54	-47	7	-67	77	-44	-279	238	-70	145	27
TTM Free Cash Flow to Firm	-1	42	-54	-47	7	-67	77	-38	-268	238	-70	145	27

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Free Cash Flow	- -	- -	- -	-14.66	113.88	-11.04	9.72	-21.61	-2.74	3.75	-12.39	5.09	27.21
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	- -	- -	- -	21.87	24.53	32.01	32.4	31.93	24.19	30.21	33.69	31.01	28.58
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	72.53	84.03	- -	20.85	39.06	15.11	- -	19.74	16.5
Price/Earnings Average	- -	- -	- -	-6,161.46	67.92	85.85	-13.82	20.39	41.41	13.02	-16.93	19.91	15.76
Price/Earnings High	- -	- -	- -	-8,138.72	87.01	105.32	-18.5	26.05	77.37	17.22	-21.39	24.3	21.12
Price/Earnings Low	- -	- -	- -	-4,903.41	59.7	86.18	-12.87	18.36	28.76	11.29	-15.17	18.03	13.76
Price/Book Value	- -	- -	- -	327.2	100.81	53.71	-18.76	-1,208.7	53.75	13.06	57.69	15.32	15.96
Price/Book Value Average	- -	- -	- -	326.14	94.4	54.88	-20.14	-1,181.78	56.98	11.26	54.66	15.45	15.25
Price/Book Value High	- -	- -	- -	430.81	120.93	67.32	-26.96	-1,510.38	106.46	14.89	69.05	18.86	20.42
Price/Book Value Low	- -	- -	- -	259.55	82.98	55.09	-18.75	-1,064.36	39.57	9.76	48.97	13.99	13.31
Price/Tangible Book Value	- -	- -	- -	0.91	0.85	0.77	0.82	0.87	0.82	0.96	0.97	0.81	0.82
Price/Tangible Book Value Average	- -	- -	- -	0.91	0.79	0.79	0.88	0.85	0.87	0.83	0.92	0.82	0.78
Price/Tangible Book Value High	- -	- -	- -	1.2	1.02	0.97	1.18	1.08	1.62	1.09	1.17	1	1.05
Price/Tangible Book Value Low	- -	- -	- -	0.72	0.7	0.79	0.82	0.76	0.6	0.72	0.83	0.74	0.68
Price/Sales	- -	- -	- -	30.04	23.73	27.59	32.83	36.8	38.72	42.74	57.4	58.28	55.51
Price/Sales Average	- -	- -	- -	29.94	22.23	28.19	35.24	35.98	41.05	36.84	54.39	58.78	53.04
Price/Sales High	- -	- -	- -	39.55	28.47	34.58	47.19	45.98	76.69	48.72	68.7	71.77	71.05
Price/Sales Low	- -	- -	- -	23.83	19.54	28.3	32.81	32.4	28.5	31.94	48.73	53.23	46.31
Price/Cash Flow	- -	- -	- -	-14.49	112.5	-10.98	9.72	-18.43	-2.63	3.75	-12.39	5.09	27.21
Price/Cash Flow Average	- -	- -	- -	-14.44	105.35	-11.22	10.43	-18.02	-2.79	3.24	-11.74	5.14	26
Price/Cash Flow High	- -	- -	- -	-19.08	134.96	-13.76	13.96	-23.03	-5.21	4.28	-14.83	6.27	34.83
Price/Cash Flow Low	- -	- -	- -	-11.49	92.6	-11.26	9.71	-16.23	-1.94	2.81	-10.52	4.65	22.7
Price/Free Cash Flow Average	- -	- -	- -	-14.61	106.64	-11.28	10.43	-21.13	-2.9	3.24	-11.74	5.14	26
Price/Free Cash Flow High	- -	- -	- -	-19.3	136.61	-13.84	13.96	-27	-5.43	4.28	-14.83	6.27	34.83
Price/Free Cash Flow Low	- -	- -	- -	-11.63	93.74	-11.32	9.71	-19.03	-2.02	2.81	-10.52	4.65	22.7
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	27.57	29.8	31.21	32.42	36.26	32.86	40.43	39.69	33.95	34.26
High Price	- -	- -	- -	36.3	35.75	39.12	46.59	45.31	65.08	46.09	47.5	41.81	43.85
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	- -	26	26	25	24	24	23	22	22	22	22	22	21
Diluted Weighted Avg Shares	26	26	25	25	25	24	23	23	22	22	22	22	21
Basic Weighted Avg Shares	25	25	25	25	25	24	23	23	22	22	22	22	21
Revenue per Share	0.85	0.81	0.84	0.92	1.26	1.13	0.99	0.99	0.85	0.95	0.69	0.58	0.62
EBITDA per Share	-0.5	-0.57	-0.39	-0.57	-0.49	-0.86	-0.58	-0.59	-0.56	-0.85	-0.5	-0.76	-0.86
Operating Income per Share	-0.5	-0.57	-0.4	-0.58	-0.49	-0.86	-0.58	-0.59	-0.56	-0.86	-0.51	-0.78	-0.88
Basic EPS, GAAP	0.3	1.06	0.12	- -	0.41	0.37	-2.52	1.74	0.84	2.68	-2.22	1.72	2.08
Basic EPS from Cont Ops	0.3	1.07	-0.05	-0.04	0.42	0.36	-2.49	1.98	0.92	2.88	-2.07	1.73	2.08
Diluted EPS, GAAP	0.29	1.05	0.12	- -	0.41	0.37	-2.52	1.74	0.84	2.68	-2.22	1.72	2.08
Diluted EPS from Cont Ops	0.3	1.07	-0.05	-0.04	0.42	0.36	-2.49	1.98	0.92	2.88	-2.07	1.73	2.08
Dividend per Share	- -	- -	- -	- -	0.1	0.2	0.2	0.2	0.3	0.2	0.2	0.2	2.19
Cash Flow per Share	-0.11	1.61	-2.34	-1.9	0.26	-2.84	3.34	-1.97	-12.49	10.77	-3.2	6.66	1.26
Free Cash Flow per Basic Share	-0.11	1.61	-2.34	-1.9	0.26	-2.84	3.34	-2.26	-12.98	10.77	-3.2	6.66	1.26
Cash & Equivalents per Share	- -	7.88	11.38	8.27	12.63	12.32	17.75	16.47	17.16	17.18	18.36	18.68	17.23
Book Value per Share	- -	- -	- -	0.08	0.3	0.58	-1.73	-0.03	0.61	3.09	0.69	2.22	2.15
Tangible Book Value per Share	- -	19.69	23.1	30.3	35.18	40.39	39.55	41.91	40.14	42.13	40.72	41.78	41.92

Associated Capital Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)