American Business Corp. Financial Ratios — ARBU Stock

Profitability (USD)

	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Return on Common Equity (%)	- -	-32.47	-71.78	17.03	3.27	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-31.11	-65.98	1.49	0.46	-272.04	-9,455.3	168,622.86	121,443.71	-25,056.01	-1,236.42	-23,739.28
Return on Capital (%)	- -	- -	- -	2.32	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	8.91	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	-89,433,600	-29,554,600	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	-1,446.02	-243.91	-999.33	10.2	-178,867,300	-87,925,700	- -	- -	- -	- -	- -	- -
Operating Margin (%)	-1,451.49	-246.19	-1,006.17	2.87	-179,673,000	-92,302,300	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	3.09	- -	- -	186,548,100	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	0.55	-103,520,500	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-1,451.49	-246.19	-1,006.17	0.55	10,675,800	-4,106,776,000	- -	- -	- -	- -	- -	- -
Net Income to Common Margin (%)	-1,451.49	-246.19	-1,006.17	0.55	10,675,800	-4,106,776,000	- -	- -	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-32.47	-71.78	17.03	3.27	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Total Debt	- -	- -	- -	9	13	7	16	8	6	6	6	6
ST Debt	- -	- -	- -	4	10	4	8	8	6	6	6	6
LT Debt	- -	- -	- -	5	3	2	8	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	4.03	-7.2	-7.81	-5.75	-412.69	-11.41	-7.32	-15.94	-18.56
Net Debt/EBITDA	1.46	2.77	0.98	4.02	-6.61	-7.81	-5.75	-412.69	-11.41	-7.31	-15.94	-18.56
Total Debt/EBIT	- -	- -	- -	14.32	-7.17	-7.44	-5.58	-385.39	-11.3	-7.3	-15.76	-18.08
Net Debt/EBIT	1.46	2.74	0.97	14.29	-6.58	-7.44	-5.58	-385.39	-11.3	-7.29	-15.75	-18.07
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	98.35	92.49	90.74	8.5	17.17	-16,012.32	-757,914.44	-756,092.1	- -	-170,532.58	-282,684.77	-615,535.14
Long-Term Debt/Equity (%)	- -	- -	- -	102.67	22.43	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	50.03	12.61	-9.18	-26.12	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	32.03	9.81	1,011.47	116,225.73	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	177.95	98.39	-30.67	-50.58	-37.58	-36.39	-19.97	-19.8	-18.13
Total Debt/Capital (%)	- -	- -	- -	86.72	55.32	-25.61	-52.23	-28.2	-24.68	-15.71	-15.6	-14.55
Total Debt/Total Assets (%)	- -	- -	- -	55.51	43.02	2,822.96	232,451.46	144,260.48	- -	23,086.77	38,048.35	77,977.02
Net Debt to Equity	-100.04	-106.2	-108.69	177.5	90.31	-30.67	-50.58	-37.58	-36.39	-19.94	-19.79	-18.13
Net Debt/Capital (%)	275,852.17	1,711.87	1,250.25	86.69	53.19	-25.61	-52.23	-28.2	-24.68	-15.69	-15.6	-14.55
EBITDA	- -	- -	- -	2	-2	-1	-3	- -	-1	-1	- -	- -
EBITDA-CapEx	- -	- -	- -	2	-2	-1	-3	- -	-1	-1	- -	- -
Operating Income (Loss)	- -	- -	- -	1	-2	-1	-3	- -	-1	-1	- -	- -

Liquidity (USD)

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	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Cash Ratio	59.6	13.07	- -	- -	0.08	- -	- -	- -	- -	- -	- -	- -
Current Ratio	59.97	13.18	- -	0.68	1.1	0.01	- -	- -	- -	- -	- -	- -
Quick Ratio	59.6	13.07	- -	0.58	1	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	0.19	-3.42	0.14	-0.86	-0.44	-0.02	-0.07	0.05	-0.03	-0.02	-0.01
Common Equity/Total Assets	98.35	92.49	90.74	8.5	17.17	-16,012.32	-757,914.44	-756,092.1	- -	-170,532.58	-282,684.77	-615,535.14
Long-Term Debt/Equity (%)	- -	- -	- -	102.67	22.43	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	50.03	12.61	-9.18	-26.12	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	32.03	9.81	1,011.47	116,225.73	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	177.95	98.39	-30.67	-50.58	-37.58	-36.39	-19.97	-19.8	-18.13
Total Debt/Capital (%)	- -	- -	- -	86.72	55.32	-25.61	-52.23	-28.2	-24.68	-15.71	-15.6	-14.55
Total Debt/Total Assets (%)	- -	- -	- -	55.51	43.02	2,822.96	232,451.46	144,260.48	- -	23,086.77	38,048.35	77,977.02
CFO/Total Liabilities	-191.26	12.29	-288.75	3.7	-50.07	-33.37	-1.64	-8.62	5.91	-1.94	-1.81	-1.36
CFO/CapEx	- -	- -	- -	1.43	-12.32	-6,192.95	-66.03	- -	- -	-27.02	- -	- -
Altman's Z-Score	-3.96	-4.29	-12.53	388.97	-0.25	2,171.53	-17,494.4	-15,200.9	- -	-3,882.57	-6,350.45	-13,933.1

Working Capital (USD)

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	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Accounts Receivable Turnover	- -	- -	- -	12.79	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	28.54	2,114,755,615	1,485,574,090	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	3.47	1.41	30.57	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	105.18	259.6	11.94	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	0.36	0.52	0.2	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	1,028	707.26	1,858.36	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	2,114,755,012.92	1,485,572,491.24	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	2,114,755,509.82	1,485,573,830.4	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Market Capitalization	- -	- -	- -	7,250	- -	94,529	272	141	411	72	21	70
- Cash & Cash Equivalents	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	5	5	5	5	5	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	9	13	7	16	8	6	6	6	6
Enterprise Value	- -	- -	- -	7,259	17	94,541	292	154	423	78	27	76
Total Capital	- -	- -	- -	10	23	-27	-30	-27	-26	-40	-40	-43
Total Debt/Capital (%)	- -	- -	- -	86.72	55.32	-25.61	-52.23	-28.2	-24.68	-15.71	-15.6	-14.55
Total Debt / EV	- -	- -	- -	- -	0.75	- -	0.05	0.05	0.01	0.08	0.23	0.08
EV/Sales	- -	- -	- -	329.31	17,092,449	94,540,739,675	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	3,227.82	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	11,483.95	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	17,490.9	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	10,293.8	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	7,250	- -	94,529	272	284	1,166	73	21	70
Diluted Enterprise Value	- -	- -	- -	7,259	17	94,541	292	297	1,178	79	27	76
EV per Share	- -	- -	- -	5,256,540.01	- -	190,024.38	560.12	284.15	771.35	119.9	39.23	109.22
TTM Sales	- -	- -	- -	22	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	- -	- -	- -	2	-2	-1	-3	- -	-1	-1	- -	- -
TTM Operating Income	- -	- -	- -	1	-2	-1	-3	- -	-1	-1	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	-8	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	1	-8	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

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	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Price/Free Cash Flow	- -	- -	- -	10,280.99	- -	-12,523.69	-546.62	-160.12	1,138.54	-122.84	-36.36	-147.7
EV/EBIT	- -	- -	- -	11,483.95	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	7,259	17	94,541	292	154	423	78	27	76
Low Price	- -	- -	- -	500,000	2,312,000	31,000	300	120	170	100	20	20
EV/Sales	- -	- -	- -	329.31	17,092,449	94,540,739,675	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	3,227.82	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	59,541.99	- -	- -	- -	13.9	126.08	- -	- -	- -
Price/Earnings Average	- -	- -	- -	20,636.01	- -	-21,320.81	-1,531.28	14.45	75.83	-117.78	-224.19	-56.53
Price/Earnings High	- -	- -	- -	59,541.99	- -	-53,752.43	-12,819.49	29.4	218.54	-360.73	-566.06	-250.42
Price/Earnings Low	- -	- -	- -	5,670.67	- -	-375.55	-13.26	6.42	28.58	-18.99	-51.46	-4.77
Price/Book Value	- -	- -	- -	5,228.92	- -	-2,427.72	-5.35	-3.48	-11.03	-1.53	-0.45	-1.4
Price/Book Value Average	- -	- -	- -	1,812.23	- -	-22,487.46	-356.43	-3.62	-6.63	-8.65	-1.3	-3.32
Price/Book Value High	- -	- -	- -	5,228.92	- -	-56,693.7	-2,983.92	-7.37	-19.11	-26.5	-3.28	-14.73
Price/Book Value Low	- -	- -	- -	497.99	- -	-396.1	-3.09	-1.61	-2.5	-1.39	-0.3	-0.28
Price/Tangible Book Value	- -	- -	- -	2,411.67	- -	-3,419.25	-7.51	-5.44	-18.08	-2.25	-0.65	-2
Price/Tangible Book Value Average	- -	- -	- -	835.83	- -	-31,671.81	-500.28	-5.65	-10.87	-12.71	-1.9	-4.74
Price/Tangible Book Value High	- -	- -	- -	2,411.67	- -	-79,848.59	-4,188.19	-11.51	-31.34	-38.92	-4.8	-20.99
Price/Tangible Book Value Low	- -	- -	- -	229.68	- -	-557.88	-4.33	-2.51	-4.1	-2.05	-0.44	-0.4
Price/Sales	- -	- -	- -	328.9	- -	94,528,610,000	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	113.99	- -	875,597,902,928.57	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	328.9	- -	2,207,491,803,000	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	31.32	- -	15,423,089,000	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	17,469.13	- -	-12,521.67	-538.35	-79.61	401.2	-116.25	-36.36	-147.7
Price/Cash Flow Average	- -	- -	- -	6,054.44	- -	-115,985.52	-35,862.41	-82.75	241.29	-655.59	-105.6	-350.07
Price/Cash Flow High	- -	- -	- -	17,469.13	- -	-292,414	-300,231.25	-168.4	695.41	-2,007.9	-266.64	-1,550.88
Price/Cash Flow Low	- -	- -	- -	1,663.73	- -	-2,043.01	-310.58	-36.74	90.94	-105.68	-24.24	-29.54
Price/Free Cash Flow Average	- -	- -	- -	3,563.18	- -	-116,004.25	-36,413.89	-166.44	684.73	-692.79	-105.6	-350.07
Price/Free Cash Flow High	- -	- -	- -	10,280.99	- -	-292,461.23	-304,848.17	-338.72	1,973.47	-2,121.82	-266.64	-1,550.88
Price/Free Cash Flow Low	- -	- -	- -	979.14	- -	-2,043.34	-315.36	-73.9	258.07	-111.67	-24.24	-29.54
EV/Sales Average	- -	- -	- -	114.4	17,092,449	875,610,032,603.57	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	329.31	17,092,449	2,207,503,932,675	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	31.73	17,092,449	15,435,218,675	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	1.46	2.77	0.98	1,121.32	-9.56	-995,852.22	-6,691.43	-8,531.9	-467.7	-475.18	-170	-505.93
EV/EBITDA High	1.46	2.77	0.98	3,227.82	-9.56	-2,510,646.98	-55,961.94	-16,639.09	-1,308.18	-1,439.94	-404.42	-2,176.32
EV/EBITDA Low	1.46	2.77	0.98	311.04	-9.56	-17,554.84	-65.62	-4,177.43	-189.44	-82.86	-51.56	-60.05
EV/EBIT Average	1.46	2.74	0.97	3,989.43	-9.51	-948,632.95	-6,494.39	-7,967.5	-463.21	-473.93	-168.07	-492.73
EV/EBIT High	1.46	2.74	0.97	11,483.95	-9.51	-2,391,602.3	-54,314.03	-15,538.38	-1,295.62	-1,436.15	-399.82	-2,119.55
EV/EBIT Low	1.46	2.74	0.97	1,106.64	-9.51	-16,722.46	-63.69	-3,901.09	-187.62	-82.64	-50.98	-58.48
Last Price	- -	- -	- -	5,250,000	3,562,000	190,000	520	260	750	110	30	100
High Price	- -	- -	- -	5,250,000	6,000,000	4,437,000	290,000	550	1,300	1,900	220	1,050
Enterprise Value Average	- -	- -	- -	2,522	17	875,610	18,110	160	259	410	67	172
Enterprise Value High	- -	- -	- -	7,259	17	2,207,504	151,455	312	724	1,242	160	740
Enterprise Value Low	- -	- -	- -	700	17	15,435	178	78	105	71	20	20

	1996 Y	1997 Y	1998 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Shares Outstanding	1	1	1	1	1	1	1	1	1	1	1	1
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	1	1	2	1	1	1
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
Revenue per Share	103.36	248.17	- -	15,962.23	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	-1,494.64	-605.33	- -	1,628.51	- -	-1.77	-5.18	-0.03	-1.01	-1.33	-0.57	-0.49
Operating Income per Share	-1,500.29	-610.98	- -	457.73	- -	-1.86	-5.34	-0.04	-1.02	-1.33	-0.57	-0.5
Basic EPS, GAAP	-1,500.29	-610.98	- -	88.17	- -	-82.55	-22.62	18.71	5.95	-5.27	-0.39	-4.19
Basic EPS from Cont Ops	-1,500.29	-610.98	- -	88.17	- -	-4.74	-13.13	-1.16	1.22	-5.27	-4.26	-4.19
Diluted EPS, GAAP	-1,500.29	-610.98	- -	88.17	- -	-82.55	-22.62	9.3	2.1	-5.18	-0.39	-4.19
Diluted EPS from Cont Ops	-1,500.29	-610.98	- -	88.17	- -	-4.74	-13.13	-0.58	0.43	-5.18	-4.26	-4.19
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-70.21	15.74	- -	300.53	- -	-15.17	-0.97	-3.27	1.87	-0.95	-0.83	-0.68
Free Cash Flow per Basic Share	-70.21	15.74	- -	90.41	- -	-15.18	-0.98	-3.27	1.87	-0.98	-0.83	-0.68
Cash & Equivalents per Share	2,187.79	1,673.79	- -	16.64	- -	- -	- -	- -	- -	0.01	- -	- -
Book Value per Share	2,187	1,576.02	- -	1,004.03	- -	-78.26	-97.19	-74.64	-68.02	-71.7	-67.11	-71.31
Tangible Book Value per Share	2,187	1,576.02	- -	2,176.92	- -	-55.57	-69.24	-47.8	-41.49	-48.82	-45.83	-50.02

American Business Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)