Build-A-Bear Workshop, Inc. Financial Ratios — BBW Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Return on Common Equity (%)	-20.67	-99.87	-8.93	48.23	68.08	3.16	16.89	-41.15	0.78	-123.64	250.32	104.1	77.12	62.75	53.65
Return on Assets (%)	-6.6	-22.73	-1.09	7.05	12.86	0.67	3.98	-9.69	0.11	-8.23	17.91	17.54	19.09	18.42	16.43
Return on Capital (%)	- -	- -	- -	48.23	- -	3.16	16.89	- -	0.24	- -	34.99	34.61	34.4	29.97	24.92
Return on Invested Capital (%)	- -	- -	- -	14.94	- -	1.35	7.51	- -	0.16	- -	24.61	24.26	24.91	23.15	20.09
Gross Margin (%)	40.61	39.58	41.77	46.01	47.45	45.59	47.22	41.22	45.38	38.15	52.96	52.54	54.39	54.9	55.8
EBITDA Margin (%)	5.45	1.75	4.44	8.72	9.05	5.9	8.38	-0.71	4.51	-2.7	15.3	15.9	16.26	16.33	15.36
Operating Margin (%)	-0.69	-3.87	-0.63	4.1	4.7	1.46	3.86	-5.47	0.47	-7.9	12.32	13.24	13.45	13.35	12.54
Incremental Operating Margin (%)	- -	- -	- -	138.91	-11.45	92.22	-134.27	- -	1,021.35	- -	45.37	19.92	19.02	8.55	0.44
Pretax Margin (%)	-0.67	-12.71	-0.56	4.08	4.74	1.46	3.86	-5.5	0.46	-7.91	12.32	13.23	13.64	13.53	12.69
Profit Margin (%)	-4.33	-12.94	-0.56	3.66	7.24	0.38	2.21	-5.33	0.08	-9	11.49	10.25	10.86	10.43	9.85
Net Income to Common Margin (%)	-4.33	-12.94	-0.56	3.66	7.24	0.38	2.21	-5.33	0.08	-9	11.49	10.25	10.86	10.43	9.85
Effective Tax Rate (%)	- -	- -	- -	10.37	- -	74.06	42.69	- -	83.28	- -	6.79	22.51	20.39	22.87	22.35
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	42.17	0.61	41.78	21.29	22.09
Sustainable Growth Rate (%)	-20.67	-99.87	-8.93	48.23	68.08	3.16	16.89	-41.15	0.78	-123.64	144.75	103.47	44.9	49.39	41.8

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	151	134	99	87	84	97	127
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	31	32	25	27	26	27	29
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	120	101	73	59	58	70	99
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	9.85	-19.45	1.56	1.16	1.06	1.2	1.56
Net Debt/EBITDA	-2.16	-6.78	-2.65	-1.91	-1.32	-1.51	-1.02	7.52	-1.75	5.06	-0.52	-0.57	-0.56	-0.34	-0.33
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	95.52	-6.63	1.94	1.4	1.28	1.46	1.92
Net Debt/EBIT	16.97	3.06	18.79	-4.07	-2.55	-6.11	-2.2	0.97	-16.96	1.73	-0.65	-0.68	-0.68	-0.42	-0.4
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	1,018.73	-688.4	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	193.13	-1,193	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	105.07	-2,017.6	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	30.64	12.86	11.55	17.43	20.33	21.96	25.21	21.65	10.12	2.72	11.51	21.91	27.69	30.92	30.39
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	134.97	150.74	78.25	49.6	44.43	50.44	63.63
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	66.23	71.98	56.73	39.91	36.24	37.59	42.47
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	40.24	38.82	27.53	21.04	21.15	24.2	28.56
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	169.85	198.88	105.2	72.63	64.45	69.74	82.11
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	83.35	94.96	76.27	58.44	52.57	51.97	54.81
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	50.64	51.22	37	30.81	30.69	33.45	36.85
Net Debt to Equity	-35.88	-54.33	-52.93	-66.98	-45.46	-32.77	-28.37	-18.97	-30.15	-51.76	-35.06	-35.43	-34.19	-19.96	-17.26
Net Debt/Capital (%)	-167.76	220.74	202.42	230.02	2,483.3	-286.07	-156.37	-92.48	-17.37	-32.83	-34.08	-39.87	-38.66	-17.47	-13.02
EBITDA	21	7	17	34	34	21	30	-2	15	-7	63	74	79	81	81
EBITDA-CapEx	9	-11	-3	23	12	-6	12	-14	3	-12	63	74	79	81	81
Operating Income (Loss)	-3	-15	-2	16	18	5	14	-18	2	-20	51	62	65	66	66

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Cash Ratio	0.53	0.52	0.49	0.67	0.47	0.39	0.44	0.32	0.31	0.39	0.34	0.42	0.53	0.35	0.3
Current Ratio	1.43	1.35	1.33	1.46	1.29	1.33	1.58	1.78	1.15	1.12	1.33	1.46	1.53	1.59	1.55
Quick Ratio	0.63	0.63	0.65	0.79	0.6	0.55	0.63	0.51	0.44	0.48	0.46	0.57	0.63	0.55	0.53
CFO/Avg Current Liab	0.2	0.19	0.22	0.37	0.32	0.18	0.28	0.15	0.3	0.15	0.3	0.48	0.7	0.58	0.77
Common Equity/Total Assets	30.64	12.86	11.55	17.43	20.33	21.96	25.21	21.65	10.12	2.72	11.51	21.91	27.69	30.92	30.39
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	134.97	150.74	78.25	49.6	44.43	50.44	63.63
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	66.23	71.98	56.73	39.91	36.24	37.59	42.47
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	40.24	38.82	27.53	21.04	21.15	24.2	28.56
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	169.85	198.88	105.2	72.63	64.45	69.74	82.11
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	83.35	94.96	76.27	58.44	52.57	51.97	54.81
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	50.64	51.22	37	30.81	30.69	33.45	36.85
CFO/Total Liabilities	15.34	15.18	17.14	30.49	28.13	15.94	23.26	12.33	10.36	6.9	16.26	29.24	45.08	31.21	34.16
CFO/CapEx	1.41	0.96	0.98	3.23	1.43	0.59	1.19	0.85	1.74	2.65	- -	- -	- -	- -	- -
Altman's Z-Score	3.34	2.45	2.92	4.39	3.58	3.67	3.6	2.75	1.53	1.07	3.44	4.26	4.52	5.38	5.22

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Accounts Receivable Turnover	- -	80.81	31.63	30.18	30.45	27.71	27.28	28.18	30.62	25.76	41.16	34.57	40.61	40.25	28.22
Days Sales Outstanding	- -	4.52	11.54	12.1	11.99	13.17	13.38	12.95	11.92	14.17	8.87	10.56	8.99	9.07	12.94
Inventory Turnover	4.76	4.66	4.54	4.15	3.75	3.75	3.6	3.55	3.31	3.15	3.26	3.12	3.31	3.36	3.08
Days Inventory Outstanding	76.62	78.31	80.32	88.04	97.3	97.4	101.47	102.85	110.27	115.96	111.97	116.94	110.28	108.64	118.43
Accounts Payable Turnover	6.19	5.63	6.06	5.84	4.97	5.57	8.13	9.79	9.41	9.02	10.99	13.74	16.23	14.07	15.48
Accounts Payable Turnover Days	58.92	64.84	60.24	62.47	73.45	65.5	44.92	37.29	38.77	40.46	33.21	26.57	22.48	25.93	23.57
Cash Conversion Cycle	17.7	17.99	31.63	37.67	35.84	45.07	69.93	78.51	83.42	89.67	87.62	100.93	96.79	91.77	107.79
Inventory to Cash Days	-76.62	-73.79	-68.78	-75.94	-85.31	-84.23	-88.08	-89.9	-98.35	-101.79	-103.1	-106.38	-101.29	-99.57	-105.49
Inventories	52	47	50	52	54	52	53	58	53	47	72	70	63	70	82
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	52	47	50	52	54	52	53	58	53	47	72	70	63	70	82

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Market Capitalization	147	62	124	340	204	212	143	69	61	84	276	367	323	575	779
- Cash & Cash Equivalents	46	45	45	65	45	32	30	18	27	35	33	42	44	28	27
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	151	134	99	87	84	97	127
Enterprise Value	101	17	80	273	157	180	113	51	185	183	342	411	362	644	879
Total Capital	74	25	23	37	43	44	50	37	181	141	129	148	159	187	232
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	83.35	94.96	76.27	58.44	52.57	51.97	54.81
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.81	0.73	0.29	0.21	0.23	0.15	0.14
EV/Sales	0.26	0.05	0.21	0.7	0.42	0.49	0.32	0.15	0.55	0.72	0.83	0.88	0.75	1.3	1.66
EV/EBITDA	4.68	2.58	4.73	7.99	4.6	8.37	3.76	- -	12.13	- -	5.42	5.53	4.58	7.95	10.8
EV/EBIT	- -	- -	- -	17	8.85	33.84	8.16	- -	117.58	- -	6.74	6.64	5.54	9.72	13.23
EV/Cash Flow to Firm	5.84	1.04	4.18	7.84	4.9	11.23	5.35	5.33	8.57	13.64	12.16	8.7	5.64	13.68	13.51
EV/Free Cash Flow to Firm	3.41	0.51	2.07	5.98	2.88	4.16	2.9	2.45	5.45	9.91	12.16	8.7	5.64	13.68	13.51
Diluted Market Cap	147	62	124	344	206	215	145	69	62	84	288	375	326	577	781
Diluted Enterprise Value	101	17	80	279	161	182	115	51	186	183	353	419	365	646	881
EV per Share	5.79	1.05	4.84	16.17	9.44	11.65	7.24	3.5	12.6	12.25	22.09	27.53	25.27	47.44	67.39
TTM Sales	394	381	379	392	378	364	358	337	339	255	412	468	486	496	530
TTM EBITDA	21	7	17	34	34	21	30	-2	15	-7	63	74	79	81	81
TTM Operating Income	-3	-15	-2	16	18	5	14	-18	2	-20	51	62	65	66	66
TTM Cash Flow to Firm	17	17	19	35	32	16	21	10	22	13	28	47	64	47	65
TTM Free Cash Flow to Firm	29	34	38	46	55	43	39	21	34	18	28	47	64	47	65

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Price/Free Cash Flow	4.98	1.85	3.24	7.54	3.79	4.96	3.73	3.31	1.81	4.54	10.24	7.92	5.07	12.25	12
EV/EBIT	- -	- -	- -	17	8.85	33.84	8.16	- -	117.58	- -	6.74	6.64	5.54	9.72	13.23
Enterprise Value	101	17	80	273	157	180	113	51	185	183	342	411	362	644	879
Low Price	4.37	3.1	3.87	7.3	11.18	10.01	7.25	3.75	2.31	1.01	4.65	12.47	17.85	21.6	32.55
EV/Sales	0.26	0.05	0.21	0.7	0.42	0.49	0.32	0.15	0.55	0.72	0.83	0.88	0.75	1.3	1.66
EV/EBITDA	4.68	2.58	4.73	7.99	4.6	8.37	3.76	- -	12.13	- -	5.42	5.53	4.58	7.95	10.8
Price/Earnings	- -	- -	- -	23.66	7.45	154.2	18.1	- -	235.61	- -	5.84	7.65	6.12	11.1	14.91
Price/Earnings Average	-6.68	-1.63	-50.54	15.18	10.91	144.91	19.06	-6.43	245.54	-1.99	4.64	5.73	6.46	8.26	12.71
Price/Earnings High	-8.96	-2.89	-80.69	24.98	14	177.75	28.82	-8.5	366.37	-5.45	7.69	8.37	8.28	12.65	18.95
Price/Earnings Low	-4.45	-1.03	-30.17	8.59	6.8	112.26	14.26	-3.05	130.2	-0.66	1.52	3.88	4.85	5.66	8.13
Price/Book Value	1.99	2.52	5.5	9.19	4.7	4.84	2.87	1.85	2.04	11.79	9	5.96	4.28	6.41	7.42
Price/Book Value Average	1.54	3.24	4.72	5.9	6.88	4.55	3.02	3.1	2.13	6.44	7.16	4.47	4.52	4.77	6.32
Price/Book Value High	2.07	5.77	7.54	9.71	8.82	5.58	4.57	4.09	3.18	17.65	11.85	6.53	5.8	7.31	9.43
Price/Book Value Low	1.03	2.05	2.82	3.34	4.29	3.53	2.26	1.47	1.13	2.12	2.34	3.03	3.39	3.27	4.05
Price/Tangible Book Value	1.53	0.76	1.48	3.49	2.09	2.18	1.35	0.74	0.69	1.24	2.94	3.08	2.49	4.13	5.02
Price/Tangible Book Value Average	1.18	0.97	1.27	2.24	3.05	2.05	1.42	1.23	0.72	0.68	2.34	2.31	2.63	3.08	4.28
Price/Tangible Book Value High	1.59	1.73	2.03	3.69	3.92	2.51	2.15	1.63	1.08	1.86	3.88	3.37	3.37	4.71	6.38
Price/Tangible Book Value Low	0.79	0.61	0.76	1.27	1.9	1.59	1.06	0.58	0.38	0.22	0.77	1.56	1.97	2.11	2.74
Price/Sales	0.37	0.16	0.33	0.87	0.54	0.58	0.4	0.21	0.18	0.33	0.67	0.78	0.66	1.16	1.47
Price/Sales Average	0.29	0.21	0.28	0.56	0.79	0.55	0.42	0.34	0.19	0.18	0.53	0.59	0.7	0.86	1.25
Price/Sales High	0.39	0.37	0.45	0.91	1.01	0.67	0.64	0.45	0.28	0.49	0.88	0.86	0.9	1.32	1.87
Price/Sales Low	0.19	0.13	0.17	0.31	0.49	0.42	0.32	0.16	0.1	0.06	0.17	0.4	0.53	0.59	0.8
Price/Cash Flow	8.53	3.77	6.52	9.74	6.36	13.26	6.79	7.2	2.85	6.25	9.82	7.76	5.02	12.21	11.97
Price/Cash Flow Average	6.61	4.85	5.6	6.25	9.31	12.46	7.15	12.04	2.97	3.42	7.82	5.81	5.31	9.09	10.2
Price/Cash Flow High	8.87	8.62	8.94	10.29	11.94	15.28	10.82	15.91	4.43	9.36	12.94	8.49	6.8	13.91	15.21
Price/Cash Flow Low	4.4	3.06	3.34	3.54	5.81	9.65	5.35	5.71	1.57	1.13	2.56	3.94	3.98	6.23	6.53
Price/Free Cash Flow Average	3.86	2.37	2.78	4.84	5.55	4.67	3.93	5.54	1.89	2.48	8.15	5.93	5.35	9.11	10.23
Price/Free Cash Flow High	5.19	4.22	4.44	7.96	7.12	5.72	5.94	7.32	2.82	6.8	13.49	8.67	6.86	13.95	15.26
Price/Free Cash Flow Low	2.57	1.5	1.66	2.74	3.46	3.61	2.94	2.63	1	0.82	2.67	4.02	4.02	6.25	6.55
EV/Sales Average	0.17	0.09	0.16	0.39	0.67	0.46	0.34	0.29	0.56	0.57	0.69	0.68	0.78	1	1.44
EV/Sales High	0.27	0.26	0.33	0.75	0.89	0.58	0.55	0.4	0.65	0.88	1.04	0.95	0.98	1.46	2.06
EV/Sales Low	0.07	0.01	0.05	0.15	0.37	0.34	0.23	0.11	0.47	0.45	0.33	0.49	0.61	0.73	0.99
EV/EBITDA Average	3.14	5.25	3.69	4.46	7.41	7.78	4.02	-40.96	12.3	-21.03	4.53	4.29	4.81	6.13	9.39
EV/EBITDA High	4.95	14.61	7.47	8.58	9.88	9.88	6.59	-56.55	14.36	-32.59	6.81	5.99	6.03	8.93	13.39
EV/EBITDA Low	1.37	0.82	1.13	1.7	4.12	5.68	2.75	-15.47	10.33	-16.57	2.18	3.1	3.73	4.47	6.45
EV/EBIT Average	-24.72	-2.37	-26.11	9.49	14.25	31.44	8.71	-5.29	119.22	-7.18	5.62	5.15	5.82	7.5	11.5
EV/EBIT High	-38.97	-6.6	-52.9	18.25	19.01	39.95	14.3	-7.31	139.24	-11.12	8.46	7.2	7.29	10.93	16.41
EV/EBIT Low	-10.81	-0.37	-8.02	3.61	7.93	22.98	5.96	-2	100.12	-5.66	2.71	3.72	4.51	5.47	7.91
Last Price	8.46	3.82	7.55	20.1	12.24	13.75	9.2	4.73	4.18	5.61	17.84	24.56	22.53	42.34	59.68
High Price	8.8	8.73	10.35	21.22	23	15.85	14.65	10.45	6.5	8.4	23.5	26.87	30.49	48.23	75.85
Enterprise Value Average	68	35	62	153	253	167	120	97	188	145	285	319	380	497	764
Enterprise Value High	107	97	126	293	338	212	198	135	219	224	429	446	477	724	1,090
Enterprise Value Low	30	5	19	58	141	122	82	37	158	114	138	231	295	363	525

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Shares Outstanding	17	17	17	17	16	16	16	15	15	16	16	15	14	13	13
Diluted Weighted Avg Shares	17	16	16	17	17	16	16	15	15	15	16	15	14	14	13
Basic Weighted Avg Shares	17	16	16	17	17	15	16	15	15	15	15	15	14	14	13
Revenue per Share	22.7	23.33	23.02	23.21	22.69	23.59	22.98	23.07	23.01	17.11	26.62	31.32	33.89	36.56	40.61
EBITDA per Share	1.24	0.41	1.02	2.02	2.05	1.39	1.93	-0.16	1.04	-0.46	4.07	4.98	5.51	5.97	6.24
Operating Income per Share	-0.16	-0.9	-0.14	0.95	1.07	0.34	0.89	-1.26	0.11	-1.35	3.28	4.15	4.56	4.88	5.09
Basic EPS, GAAP	-0.98	-3.02	-0.13	0.85	1.64	0.09	0.51	-1.23	0.02	-1.54	3.06	3.21	3.68	3.81	4
Basic EPS from Cont Ops	-0.98	-3.02	-0.13	0.85	1.64	0.09	0.51	-1.23	0.02	-1.54	3.06	3.21	3.68	3.81	4
Diluted EPS, GAAP	-0.98	-3.02	-0.13	0.84	1.62	0.09	0.5	-1.23	0.02	-1.54	2.93	3.15	3.65	3.8	3.99
Diluted EPS from Cont Ops	-0.98	-3.02	-0.13	0.84	1.62	0.09	0.5	-1.23	0.02	-1.54	2.93	3.15	3.65	3.8	3.99
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.29	0.02	1.54	0.81	0.88
Cash Flow per Share	0.99	1.01	1.16	2.06	1.93	1.04	1.35	0.66	1.47	0.9	1.82	3.16	4.48	3.47	4.99
Free Cash Flow per Basic Share	0.29	-0.04	-0.02	1.43	0.58	-0.73	0.21	-0.11	0.63	0.56	1.82	3.16	4.48	3.47	4.99
Cash & Equivalents per Share	2.67	2.77	2.71	3.93	2.8	2.1	1.96	1.23	1.82	2.33	2.12	2.82	3.09	2.04	2.05
Book Value per Share	4.26	1.51	1.37	2.19	2.61	2.84	3.21	2.55	2.04	0.48	1.98	4.12	5.26	6.6	8.05
Tangible Book Value per Share	5.54	5.05	5.09	5.76	5.87	6.31	6.83	6.41	6.02	4.51	6.06	7.97	9.04	10.24	11.88

Build-A-Bear Workshop, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)