Art's-Way Manufacturing Co., Inc. Financial Ratios — ARTW

Profitability (USD)

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Return on Common Equity (%)	8.82	16.76	8.77	4.98	-2.95	-4.56	-9.78	-23.34	-11.43	-19.39	2.1	0.91	2.34	2.59	8.15
Return on Assets (%)	4.75	9.34	4.85	2.85	-1.74	-2.8	-6.34	-14.82	-6.98	-11.03	1.07	0.44	1.1	1.35	4.73
Return on Capital (%)	7.01	12.23	6.44	4.08	- -	- -	- -	- -	- -	- -	2.85	2.45	3.55	- -	7.1
Return on Invested Capital (%)	6.61	11.75	4.61	4.11	- -	- -	- -	- -	- -	- -	2.57	2.86	5.6	- -	1.14
Gross Margin (%)	25.37	27.52	24.44	24.12	26.25	24.68	19.71	17.8	17.16	10.71	26.42	27.06	28.35	29.84	27.28
EBITDA Margin (%)	9.81	14.21	7.37	7.11	5.18	1.32	-4.58	-7.82	-2.16	-13.8	4.55	4.94	7.71	5.92	4.97
Operating Margin (%)	6.99	11.87	5.31	4.6	2.06	-1.79	-7.98	-12.69	-6.54	-17.45	2.1	2.36	5.06	1.88	1.26
Incremental Operating Margin (%)	-2.61	27.14	112.57	-7.84	11.41	- -	- -	- -	- -	- -	173.44	11.94	19.99	18.52	11.24
Pretax Margin (%)	5.72	10.94	6.44	3.6	-1.94	-2.43	-8.66	-19.5	-7.73	-13.21	1.07	1.72	3.6	-0.55	6.25
Profit Margin (%)	4.52	7.31	4.53	2.59	-2.12	-3.81	-7.9	-17.17	-6.2	-9.39	0.85	0.38	0.88	1.25	4.5
Net Income to Common Margin (%)	4.52	7.31	4.53	2.59	-2.12	-3.81	-7.9	-17.17	-6.2	-9.39	0.85	0.38	0.88	1.25	4.5
Effective Tax Rate (%)	21	33.17	29.67	28.2	- -	- -	- -	- -	- -	- -	20.33	15.15	29.94	- -	27.99
Dvd Payout Ratio (%)	19.34	15.14	26.08	- -	-65.37	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	7.11	14.22	6.48	4.98	-4.88	-4.56	-9.78	-23.34	-11.43	-19.39	2.1	0.91	2.34	2.59	8.15

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Total Debt	8	8	11	10	9	6	5	6	5	5	7	7	8	5	6
ST Debt	2	1	5	4	5	5	3	4	3	2	4	4	5	2	4
LT Debt	6	7	6	6	4	1	3	3	2	3	3	3	3	3	3
Total Debt/EBITDA	2.89	1.63	4.3	3.81	6.65	22.7	-5.72	-4.05	-10.16	-1.68	6.19	5.85	3.49	3.3	5.61
Net Debt/EBITDA	2.85	1.34	4.21	3.61	6.32	18.98	-5.5	-4.05	-10.16	-1.67	5.99	5.34	3.06	2.77	5.02
Total Debt/EBIT	4.07	1.96	5.96	5.89	16.73	-16.76	-3.29	-2.5	-3.35	-1.33	13.44	12.24	5.32	10.38	22.13
Net Debt/EBIT	4	1.6	5.85	5.58	15.9	-14.01	-3.16	-2.5	-3.35	-1.32	13	11.17	4.67	8.73	19.82
EBITDA to Interest Expense	6.32	12.53	8.5	7.31	4.51	1.15	-2.97	-5.07	-1.38	-10.15	3.63	3.13	3.96	2.42	3.12
EBITDA-CapEx/Interest Expense	4.32	10.59	5.66	5.51	3.72	0.05	-4.58	-6.49	-2.63	-12.43	1.65	-1	2.53	1.21	1.4
EBIT to Interest Expense	4.5	10.46	6.13	4.73	1.79	-1.56	-5.17	-8.22	-4.18	-12.83	1.67	1.5	2.6	0.77	0.79
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -
Common Equity/Total Assets	56.97	54.67	55.83	58.61	59.11	64.15	65.59	61.13	60.96	52.69	49.65	46.56	47.71	56.94	59.2
Long-Term Debt/Equity (%)	38.99	42.77	34.17	30.9	21.12	7.94	17.19	19.35	19.93	27.57	27.16	29.07	28.91	20.79	20.54
Long-Term Debt/Capital (%)	25.44	28.59	21.47	20.48	14.18	5.79	12.83	13.08	13.98	18.1	16.17	17.47	17.01	14.9	13.87
Long-Term Debt/Total Assets (%)	22.21	23.38	19.08	18.11	12.48	5.09	11.27	11.83	12.15	14.53	13.49	13.53	13.79	11.84	12.16
Total Debt/Equity (%)	53.26	49.59	59.2	50.92	48.95	37.07	33.97	47.99	42.52	52.35	67.95	66.39	69.98	39.55	48.15
Total Debt/Capital (%)	34.75	33.15	37.19	33.74	32.87	27.05	25.36	32.43	29.83	34.36	40.46	39.9	41.17	28.34	32.5
Total Debt/Total Assets (%)	30.34	27.11	33.05	29.84	28.94	23.78	22.28	29.34	25.92	27.58	33.74	30.91	33.38	22.52	28.5
Net Debt to Equity	52.45	40.53	58.07	48.26	46.54	30.99	32.64	47.96	42.49	52.14	65.74	60.6	61.41	33.25	43.12
Net Debt/Capital (%)	34.4	28.84	36.74	32.55	31.76	23.66	24.61	32.41	29.82	34.23	39.15	36.43	36.13	23.83	29.11
EBITDA	3	5	3	3	1	- -	-1	-2	- -	-3	1	1	2	1	1
EBITDA-CapEx	2	4	2	2	1	- -	-1	-2	-1	-4	1	- -	1	1	1
Operating Income (Loss)	2	4	2	2	1	- -	-2	-3	-1	-4	1	1	2	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Cash Ratio	0.03	0.26	0.03	0.08	0.06	0.15	0.04	0.02	0.03	- -	- -	- -	- -	- -	- -
Current Ratio	3.65	3.38	2.72	3.09	2.72	2.5	2.86	2.11	2.19	1.67	1.58	1.53	1.61	1.98	2.3
Quick Ratio	0.51	0.74	0.46	0.55	0.39	0.41	0.43	0.33	0.52	0.4	0.37	0.32	0.4	0.39	0.4
CFO/Avg Current Liab	0.44	0.95	- -	0.28	0.04	0.33	0.12	-0.21	0.15	-0.15	-0.14	0.11	-0.01	0.33	-0.14
Common Equity/Total Assets	56.97	54.67	55.83	58.61	59.11	64.15	65.59	61.13	60.96	52.69	49.65	46.56	47.71	56.94	59.2
Long-Term Debt/Equity (%)	38.99	42.77	34.17	30.9	21.12	7.94	17.19	19.35	19.93	27.57	27.16	29.07	28.91	20.79	20.54
Long-Term Debt/Capital (%)	25.44	28.59	21.47	20.48	14.18	5.79	12.83	13.08	13.98	18.1	16.17	17.47	17.01	14.9	13.87
Long-Term Debt/Total Assets (%)	22.21	23.38	19.08	18.11	12.48	5.09	11.27	11.83	12.15	14.53	13.49	13.53	13.79	11.84	12.16
Total Debt/Equity (%)	53.26	49.59	59.2	50.92	48.95	37.07	33.97	47.99	42.52	52.35	67.95	66.39	69.98	39.55	48.15
Total Debt/Capital (%)	34.75	33.15	37.19	33.74	32.87	27.05	25.36	32.43	29.83	34.36	40.46	39.9	41.17	28.34	32.5
Total Debt/Total Assets (%)	30.34	27.11	33.05	29.84	28.94	23.78	22.28	29.34	25.92	27.58	33.74	30.91	33.38	22.52	28.5
CFO/Total Liabilities	21.29	35.35	-0.02	14.28	2.22	24.39	8.91	-13.5	10.69	-9.63	-9.39	7.44	-0.43	28.72	-9.86
CFO/CapEx	2.76	6.26	- -	3.07	1.19	8.69	1.46	-2.57	1.81	-1.23	-1.59	0.57	-0.07	3.62	-1.44
Altman's Z-Score	3.89	3.85	3.47	3.49	2.69	2.83	2.69	2.28	2.56	1.99	2.9	2.24	2.62	2.64	2.82

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Accounts Receivable Turnover	12.21	15.16	11.85	12.13	10.87	13.06	12.44	11.44	14.23	11.01	9.88	10	10.27	8.44	10.04
Days Sales Outstanding	29.89	24.07	30.81	30.08	33.58	27.96	29.34	31.89	25.65	33.15	36.94	36.5	35.55	43.24	36.34
Inventory Turnover	1.52	1.92	1.77	1.83	1.28	1.13	1.3	1.46	1.99	2.42	2.16	1.99	2.1	1.61	1.52
Days Inventory Outstanding	239.45	190.46	206.42	199.57	284.58	322.72	279.75	250.13	183.22	150.86	168.63	183.57	173.59	226.77	240.69
Accounts Payable Turnover	29.72	55.22	36.23	32.85	28.47	30.21	26.37	19.66	17.42	12.02	10.73	9	9.7	10.3	19.59
Accounts Payable Turnover Days	12.28	6.61	10.08	11.11	12.82	12.08	13.84	18.57	20.95	30.37	34.01	40.58	37.63	35.43	18.63
Cash Conversion Cycle	257.06	207.92	227.16	218.54	305.34	338.6	295.24	263.45	187.91	153.64	171.57	179.49	171.52	234.58	258.4
Inventory to Cash Days	-209.56	-166.39	-175.61	-169.49	-251	-294.76	-250.41	-218.23	-157.57	-117.71	-131.69	-147.06	-138.04	-183.53	-204.35
Inventories	13	14	15	15	15	14	12	10	9	8	9	10	11	10	12
Raw Materials	8	8	10	10	10	9	9	8	7	6	8	8	9	8	8
Work In Process	- -	1	1	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	8	8	7	9	8	7	5	5	4	3	3	3	3	4	5
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Market Capitalization	24	22	25	21	12	13	11	10	8	11	16	10	10	9	12
- Cash & Cash Equivalents	- -	2	- -	1	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	8	8	11	10	9	6	5	6	5	5	7	7	8	5	6
Enterprise Value	32	29	36	31	21	19	16	16	13	16	23	17	18	13	18
Total Capital	23	26	29	29	28	24	21	19	17	15	17	19	20	17	20
Total Debt/Capital (%)	34.75	33.15	37.19	33.74	32.87	27.05	25.36	32.43	29.83	34.36	40.46	39.9	41.17	28.34	32.5
Total Debt / EV	0.25	0.29	0.3	0.32	0.43	0.35	0.33	0.39	0.39	0.32	0.3	0.44	0.44	0.36	0.35
EV/Sales	1.16	0.8	1.05	0.85	0.8	0.87	0.79	0.82	0.56	0.72	0.93	0.66	0.61	0.54	0.8
EV/EBITDA	11.81	5.61	14.24	11.94	15.37	65.77	- -	- -	- -	- -	20.32	13.43	7.91	9.2	16.16
EV/EBIT	16.58	6.72	19.76	18.44	38.67	- -	- -	- -	- -	- -	44.14	28.11	12.06	28.96	63.8
EV/Cash Flow to Firm	11.82	5.51	174.08	13.99	44.75	7.26	16.59	- -	11.67	- -	- -	13.13	51.56	4.38	- -
EV/Free Cash Flow to Firm	8.97	4.78	34.25	10.86	29.63	6.57	10.93	- -	8.29	302.89	- -	5.74	15.39	3.54	- -
Diluted Market Cap	24	22	25	21	12	13	11	10	8	11	16	9	10	9	12
Diluted Enterprise Value	32	29	36	31	21	19	16	16	13	16	23	17	18	13	18
EV per Share	7.95	7.2	8.87	7.58	5.16	4.57	3.96	3.84	2.97	3.66	5.09	3.43	3.68	2.65	3.61
TTM Sales	28	36	34	36	26	22	21	20	23	22	25	26	30	24	23
TTM EBITDA	3	5	3	3	1	- -	-1	-2	- -	-3	1	1	2	1	1
TTM Operating Income	2	4	2	2	1	- -	-2	-3	-1	-4	1	1	2	- -	- -
TTM Cash Flow to Firm	3	5	- -	2	- -	3	1	-1	1	-1	-1	1	- -	3	-1
TTM Free Cash Flow to Firm	4	6	1	3	1	3	2	- -	2	- -	- -	3	1	4	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	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	2025 Y
As of date	11/30/2011	11/30/2012	11/30/2013	11/30/2014	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025

Price/Free Cash Flow	7.57	3.83	30.14	8.33	23.54	5.01	8.89	-14.68	6.27	-67.16	-43.72	3.48	13.1	2.56	-43.46
EV/EBIT	16.58	6.72	19.76	18.44	38.67	- -	- -	- -	- -	- -	44.14	28.11	12.06	28.96	63.8
Enterprise Value	32	29	36	31	21	19	16	16	13	16	23	17	18	13	18
Low Price	4.8	5.06	5.35	4.76	2.9	2.46	2	2.05	1.77	1.75	2.3	1.8	1.82	1.33	1.43
EV/Sales	1.16	0.8	1.05	0.85	0.8	0.87	0.79	0.82	0.56	0.72	0.93	0.66	0.61	0.54	0.8
EV/EBITDA	11.81	5.61	14.24	11.94	15.37	65.77	- -	- -	- -	- -	20.32	13.43	7.91	9.2	16.16
Price/Earnings	19.4	8.31	16.27	22.9	- -	- -	- -	- -	- -	- -	75.17	93.38	38.6	27.94	11.61
Price/Earnings Average	27.86	10.51	17.38	24.87	-32.44	-14.74	-7.61	-3.31	-6.21	-4.52	70.3	144.04	43.67	30.15	10.84
Price/Earnings High	51.32	14.66	21.98	30.64	-43.51	-16.46	-11.92	-6.76	-11.48	-9.13	116.39	370.63	58.27	38.95	23.17
Price/Earnings Low	15.44	7.66	13.93	20.6	-21.1	-12.27	-5.07	-2.54	-5.33	-3.66	48.84	86.64	34.1	21.86	7.04
Price/Book Value	1.65	1.3	1.38	1.11	0.67	0.76	0.7	0.77	0.67	1.11	1.55	0.86	0.89	0.71	0.91
Price/Book Value Average	2.37	1.64	1.48	1.21	0.98	0.69	0.78	0.86	0.75	0.97	1.45	1.33	1	0.76	0.85
Price/Book Value High	4.36	2.29	1.87	1.49	1.31	0.78	1.22	1.76	1.39	1.96	2.4	3.42	1.34	0.99	1.81
Price/Book Value Low	1.31	1.2	1.18	1	0.64	0.58	0.52	0.66	0.65	0.78	1.01	0.8	0.78	0.55	0.55
Price/Tangible Book Value	1.69	1.38	1.46	1.17	0.68	0.78	0.72	0.77	0.67	1.11	1.55	0.86	0.89	0.71	0.91
Price/Tangible Book Value Average	2.43	1.74	1.56	1.27	1	0.71	0.8	0.86	0.75	0.97	1.45	1.33	1	0.76	0.85
Price/Tangible Book Value High	4.47	2.43	1.97	1.57	1.34	0.79	1.25	1.76	1.39	1.96	2.4	3.42	1.34	0.99	1.81
Price/Tangible Book Value Low	1.35	1.27	1.25	1.06	0.65	0.59	0.53	0.66	0.65	0.78	1.01	0.8	0.78	0.55	0.55
Price/Sales	0.88	0.61	0.74	0.59	0.47	0.62	0.54	0.51	0.34	0.49	0.64	0.36	0.34	0.35	0.52
Price/Sales Average	1.26	0.77	0.79	0.64	0.69	0.56	0.6	0.57	0.39	0.42	0.6	0.55	0.39	0.38	0.49
Price/Sales High	2.32	1.07	1	0.79	0.92	0.63	0.94	1.16	0.71	0.86	0.99	1.41	0.51	0.49	1.04
Price/Sales Low	0.7	0.56	0.63	0.53	0.45	0.47	0.4	0.44	0.33	0.34	0.42	0.33	0.3	0.27	0.32
Price/Cash Flow	10.23	4.42	-10,769.21	11.03	43.27	5.59	15	-8.98	9.74	-12.78	-16.21	9.6	-186.7	3.27	-13.29
Price/Cash Flow Average	14.69	5.6	-11,504.08	11.98	63.5	5.08	16.66	-10.04	10.91	-11.1	-15.16	14.8	-211.24	3.53	-12.4
Price/Cash Flow High	27.06	7.81	-14,545.07	14.76	85.18	5.68	26.11	-20.48	20.18	-22.42	-25.1	38.09	-281.86	4.56	-26.53
Price/Cash Flow Low	8.14	4.08	-9,219.92	9.92	41.31	4.23	11.11	-7.7	9.37	-8.98	-10.53	8.9	-164.95	2.56	-8.05
Price/Free Cash Flow Average	10.86	4.84	32.19	9.04	34.54	4.56	9.87	-16.41	7.03	-58.34	-40.89	5.37	14.82	2.77	-40.56
Price/Free Cash Flow High	20.01	6.76	40.7	11.14	46.33	5.09	15.47	-33.48	12.99	-117.87	-67.7	13.83	19.78	3.57	-86.73
Price/Free Cash Flow Low	6.02	3.53	25.8	7.49	22.47	3.8	6.58	-12.59	6.03	-47.2	-28.41	3.23	11.57	2	-26.33
EV/Sales Average	1.54	0.96	1.1	0.9	1.02	0.81	0.85	0.89	0.61	0.66	0.88	0.87	0.65	0.57	0.77
EV/Sales High	2.6	1.26	1.31	1.05	1.25	0.88	1.2	1.48	0.94	1.1	1.28	1.77	0.78	0.68	1.33
EV/Sales Low	0.98	0.75	0.94	0.79	0.77	0.72	0.65	0.76	0.55	0.58	0.7	0.64	0.57	0.47	0.6
EV/EBITDA Average	15.72	6.74	14.93	12.66	19.59	61.52	-18.63	-11.35	-28.13	-4.78	19.4	17.55	8.49	9.67	15.46
EV/EBITDA High	26.55	8.88	17.76	14.76	24.12	66.49	-26.07	-18.94	-43.38	-7.95	28.07	35.95	10.16	11.53	26.68
EV/EBITDA Low	9.98	5.28	12.8	11.11	14.95	54.4	-14.25	-9.65	-25.59	-4.19	15.37	12.88	7.39	7.91	12
EV/EBIT Average	22.07	8.07	20.71	19.55	49.32	-45.42	-10.71	-6.99	-9.27	-3.78	42.15	36.72	12.95	30.43	61.02
EV/EBIT High	37.28	10.63	24.64	22.8	60.72	-49.08	-14.99	-11.67	-14.3	-6.28	60.97	75.25	15.5	36.29	105.3
EV/EBIT Low	14.02	6.32	17.76	17.16	37.64	-40.16	-8.19	-5.95	-8.44	-3.31	33.38	26.97	11.28	24.92	47.37
Last Price	6.03	5.49	6.25	5.29	3.04	3.25	2.7	2.39	1.84	2.49	3.54	1.94	2.06	1.7	2.36
High Price	15.95	9.69	8.44	7.08	5.98	3.3	4.7	5.45	3.81	4.37	5.48	7.7	3.11	2.37	4.71
Enterprise Value Average	43	35	38	33	27	18	18	18	14	15	22	22	20	14	18
Enterprise Value High	72	46	45	38	33	19	25	29	21	25	32	46	24	17	30
Enterprise Value Low	27	27	32	29	20	16	14	15	13	13	17	16	17	11	14

Shares Outstanding	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5
Basic Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5
Revenue per Share	6.87	9.04	8.47	8.94	6.49	5.26	4.99	4.69	5.35	5.1	5.53	5.45	6.05	4.85	4.51
EBITDA per Share	0.67	1.28	0.62	0.64	0.34	0.07	-0.23	-0.37	-0.12	-0.7	0.25	0.27	0.47	0.29	0.22
Operating Income per Share	0.48	1.07	0.45	0.41	0.13	-0.09	-0.4	-0.6	-0.35	-0.89	0.12	0.13	0.31	0.09	0.06
Basic EPS, GAAP	0.31	0.66	0.38	0.23	-0.14	-0.2	-0.39	-0.81	-0.33	-0.48	0.05	0.02	0.05	0.06	0.2
Basic EPS from Cont Ops	0.31	0.66	0.38	0.23	-0.08	-0.1	-0.33	-0.79	-0.33	-0.48	0.05	0.08	0.15	-0.02	0.2
Diluted EPS, GAAP	0.31	0.66	0.38	0.23	-0.14	-0.2	-0.39	-0.81	-0.33	-0.48	0.05	0.02	0.05	0.06	0.2
Diluted EPS from Cont Ops	0.31	0.66	0.38	0.23	-0.08	-0.1	-0.33	-0.79	-0.33	-0.48	0.05	0.08	0.15	-0.02	0.2
Dividend per Share	0.06	0.1	0.1	- -	0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.59	1.24	- -	0.48	0.07	0.58	0.18	-0.27	0.19	-0.19	-0.22	0.2	-0.01	0.52	-0.18
Free Cash Flow per Basic Share	0.38	1.04	-0.21	0.32	0.01	0.51	0.06	-0.37	0.08	-0.35	-0.36	-0.15	-0.18	0.38	-0.3
Cash & Equivalents per Share	0.03	0.38	0.05	0.13	0.11	0.26	0.05	0.03	0.04	- -	- -	- -	- -	- -	- -
Book Value per Share	3.66	4.23	4.52	4.76	4.56	4.25	3.85	3.09	2.74	2.23	2.28	2.25	2.32	2.4	2.6
Tangible Book Value per Share	3.57	3.98	4.28	4.51	4.47	4.16	3.76	3.09	2.74	2.23	2.28	2.25	2.32	2.4	2.6

Art's-Way Manufacturing Co., Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)