MP Materials Corp. Financial Ratios — MP Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	14.5	24.9	1.82	-5.41	-5.66
Return on Assets (%)	- -	-3.71	9.11	14	1.06	-2.8	-2.77
Return on Capital (%)	- -	- -	10.86	15.93	1.39	- -	- -
Return on Invested Capital (%)	- -	- -	10.61	14.93	-0.64	- -	- -
Gross Margin (%)	7.6	45.55	69.68	79.04	41.44	-32.76	-25.67
EBITDA Margin (%)	-4	-20.68	57.15	65.55	14.99	-44.82	-26.78
Operating Margin (%)	-10.38	23.84	49.92	63.5	1.42	-80.32	-64.64
Incremental Operating Margin (%)	- -	65.08	67.65	86.54	120.9	337.47	90.61
Pretax Margin (%)	-9.2	-29.38	48.26	64.67	13.05	-45.79	-52.47
Profit Margin (%)	-9.2	-16.25	40.68	54.79	9.59	-32.09	-38.26
Net Income to Common Margin (%)	-9.2	-16.25	40.68	54.79	9.59	-32.09	-38.26
Effective Tax Rate (%)	- -	- -	15.7	15.29	26.51	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	14.5	24.9	1.82	-5.41	-5.66

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	19	71	691	678	689	915	1,007
ST Debt	5	25	16	- -	- -	- -	67
LT Debt	14	46	675	678	689	915	940
Total Debt/EBITDA	-6.37	-2.55	3.64	1.96	18.13	-10.01	-16.76
Net Debt/EBITDA	-5.22	16.2	-2.57	1.57	11.02	-6.85	2.78
Total Debt/EBIT	-2.45	-2.04	4.18	2.07	-38.87	-5.4	-6.74
Net Debt/EBIT	-2.01	12.96	-2.95	1.65	-23.63	-3.7	1.12
EBITDA to Interest Expense	-0.86	-5.54	21.31	59.76	7.23	-3.97	-1.91
EBITDA-CapEx/Interest Expense	-1.53	-10.01	7.4	3.31	-42.62	-12.07	-7.38
EBIT to Interest Expense	-2.23	6.39	18.61	57.89	0.69	-7.12	-4.61
Interest Expense	3	5	9	6	5	23	31
Common Equity/Total Assets	-17.7	79.48	53.38	58.66	58.46	45.2	51.21
Long-Term Debt/Equity (%)	- -	5.4	66.91	51.69	50.43	86.69	47.49
Long-Term Debt/Capital (%)	2,156.09	4.98	39.71	34.07	33.53	46.44	31.47
Long-Term Debt/Total Assets (%)	13.75	4.29	35.72	30.32	29.48	39.19	24.32
Total Debt/Equity (%)	-103.6	8.29	68.5	51.69	50.43	86.69	50.9
Total Debt/Capital (%)	2,876.89	7.66	40.65	34.07	33.53	46.44	33.73
Total Debt/Total Assets (%)	18.34	6.59	36.57	30.32	29.48	39.19	26.06
Net Debt to Equity	-85.01	-52.68	-48.41	41.28	30.65	59.37	-8.45
Net Debt/Capital (%)	-726.8	-111.06	-93.82	29.22	23.37	37.13	-9.19
EBITDA	-3	-28	190	346	38	-91	-60
EBITDA-CapEx	-5	-50	66	19	-224	-278	-232
Operating Income (Loss)	-8	32	166	335	4	-164	-145

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.09	12.07	19.81	12.13	9.19	5.19	6.12
Current Ratio	0.88	13.03	21.44	13.27	10.42	6.29	7.24
Quick Ratio	0.1	12.15	20.66	12.47	9.47	5.57	6.61
CFO/Avg Current Liab	- -	0.09	1.99	4.38	0.61	0.1	-0.67
Common Equity/Total Assets	-17.7	79.48	53.38	58.66	58.46	45.2	51.21
Long-Term Debt/Equity (%)	- -	5.4	66.91	51.69	50.43	86.69	47.49
Long-Term Debt/Capital (%)	2,156.09	4.98	39.71	34.07	33.53	46.44	31.47
Long-Term Debt/Total Assets (%)	13.75	4.29	35.72	30.32	29.48	39.19	24.32
Total Debt/Equity (%)	-103.6	8.29	68.5	51.69	50.43	86.69	50.9
Total Debt/Capital (%)	2,876.89	7.66	40.65	34.07	33.53	46.44	33.73
Total Debt/Total Assets (%)	18.34	6.59	36.57	30.32	29.48	39.19	26.06
CFO/Total Liabilities	-0.36	1.49	11.58	37.13	6.46	1.04	-8.26
CFO/CapEx	-0.19	0.15	0.82	1.05	0.24	0.07	-0.9
Altman's Z-Score	- -	- -	- -	- -	- -	1.73	3.46

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	67.85	12.16	12.58	11.82	14.22	13.49
Days Sales Outstanding	- -	5.38	30.02	29.01	30.88	25.67	27.07
Inventory Turnover	- -	2.64	2.84	2.3	1.94	2.67	2.02
Days Inventory Outstanding	- -	138.04	128.69	158.85	187.8	136.95	180.82
Accounts Payable Turnover	- -	- -	4.13	5.07	8.59	10.99	11.48
Accounts Payable Turnover Days	- -	- -	88.46	71.99	42.49	33.2	31.79
Cash Conversion Cycle	- -	- -	70.25	115.87	176.19	129.41	176.1
Inventory to Cash Days	- -	-132.67	-98.68	-129.84	-156.92	-111.28	-153.76
Inventories	23	32	39	58	95	108	172
Raw Materials	4	5	11	29	42	48	56
Work In Process	16	25	26	2	15	14	52
Finished Goods	3	3	2	27	38	45	63
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	2,641	8,990
- Cash & Cash Equivalents	3	520	1,179	137	263	282	1,166
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	19	71	691	678	689	915	1,007
Enterprise Value	- -	- -	- -	- -	- -	2,704	8,167
Total Capital	1	925	1,700	1,991	2,055	1,969	2,986
Total Debt/Capital (%)	2,876.89	7.66	40.65	34.07	33.53	46.44	33.73
Total Debt / EV	- -	- -	- -	- -	- -	0.34	0.12
EV/Sales	- -	- -	- -	- -	- -	13.27	36.39
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	2,749	8,624
Diluted Enterprise Value	- -	- -	- -	- -	- -	2,813	7,800
EV per Share	- -	- -	- -	- -	- -	16.57	46.05
TTM Sales	73	134	332	528	253	204	224
TTM EBITDA	-3	-28	190	346	38	-91	-60
TTM Operating Income	-8	32	166	335	4	-164	-145
TTM Cash Flow to Firm	- -	- -	109	348	67	- -	- -
TTM Free Cash Flow to Firm	- -	- -	-14	22	-195	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	-15.88	-26.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	2,704	8,167
Low Price	- -	- -	- -	- -	- -	10.5	19.69
EV/Sales	- -	- -	- -	- -	- -	13.27	36.39
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	2.5	4.54
Price/Book Value Average	- -	- -	- -	- -	- -	2.52	5.34
Price/Book Value High	- -	- -	- -	- -	- -	3.18	8.98
Price/Book Value Low	- -	- -	- -	- -	- -	1.62	1.76
Price/Tangible Book Value	- -	- -	- -	- -	- -	2.52	4.56
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	2.54	5.35
Price/Tangible Book Value High	- -	- -	- -	- -	- -	3.2	9.01
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	1.64	1.77
Price/Sales	- -	- -	- -	- -	- -	13.24	38.42
Price/Sales Average	- -	- -	- -	- -	- -	13.36	45.13
Price/Sales High	- -	- -	- -	- -	- -	16.83	75.93
Price/Sales Low	- -	- -	- -	- -	- -	8.59	14.92
Price/Cash Flow	- -	- -	- -	- -	- -	202.24	-55.37
Price/Cash Flow Average	- -	- -	- -	- -	- -	203.99	-65.03
Price/Cash Flow High	- -	- -	- -	- -	- -	257	-109.41
Price/Cash Flow Low	- -	- -	- -	- -	- -	131.26	-21.5
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	-16.02	-30.87
Price/Free Cash Flow High	- -	- -	- -	- -	- -	-20.18	-51.93
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	-10.31	-10.21
EV/Sales Average	- -	- -	- -	- -	- -	13.38	43.38
EV/Sales High	- -	- -	- -	- -	- -	16.77	75.49
EV/Sales Low	- -	- -	- -	- -	- -	8.72	11.89
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	16.18	50.69
High Price	- -	- -	- -	- -	- -	20.56	100.17
Enterprise Value Average	- -	- -	- -	- -	- -	2,727	9,736
Enterprise Value High	- -	- -	- -	- -	- -	3,419	16,942
Enterprise Value Low	- -	- -	- -	- -	- -	1,778	2,668

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	156	171	178	178	178	163	177
Diluted Weighted Avg Shares	69	80	190	193	178	170	170
Basic Weighted Avg Shares	69	80	173	177	177	167	170
Revenue per Share	1.07	1.69	1.91	2.99	1.43	1.22	1.32
EBITDA per Share	-0.04	-0.35	1.09	1.96	0.21	-0.55	-0.35
Operating Income per Share	-0.11	0.4	0.96	1.9	0.02	-0.98	-0.85
Basic EPS, GAAP	-0.1	-0.27	0.78	1.64	0.14	-0.39	-0.5
Basic EPS from Cont Ops	-0.1	-0.27	0.78	1.64	0.14	-0.39	-0.5
Diluted EPS, GAAP	-0.1	-0.27	0.71	1.49	0.14	-0.39	-0.5
Diluted EPS from Cont Ops	-0.1	-0.27	0.71	1.49	0.14	-0.39	-0.5
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.01	0.04	0.59	1.95	0.35	0.08	-0.92
Free Cash Flow per Basic Share	-0.04	-0.24	-0.13	0.1	-1.12	-1.04	-1.93
Cash & Equivalents per Share	0.02	3.04	6.63	6.65	5.6	5.21	10.32
Book Value per Share	-0.12	5	5.67	7.39	7.67	6.46	11.16
Tangible Book Value per Share	-0.12	5	5.67	7.39	7.62	6.42	11.12