Box, Inc. Financial Ratios — BOX Stock

Profitability (USD)

	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	2026 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-78.18	-46.21	-40.99	-30.63	-29.59	-22.37	-17.93	-3.76	-3.02	2.06	10.54	16.82	7.18
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-10.84	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.91	- -	- -	- -
Gross Margin (%)	75.71	79.09	78.16	71.23	71.87	73.28	71.47	69.04	70.84	71.47	74.51	74.89	79.08	79.22
EBITDA Margin (%)	-170.95	-113.46	-63.59	-53.06	-27.72	-22.51	-14.45	-11.5	4.91	5.79	10.38	9.83	9.33	9.86
Operating Margin (%)	-185.6	-127.85	-77	-66.4	-37.8	-30.43	-22.06	-20.03	-4.88	-3.16	3.72	4.89	7.31	7.07
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	55.32	29.69	55.13	4.08
Pretax Margin (%)	-191.34	-137.68	-77.99	-66.82	-37.85	-30.47	-21.9	-20.53	-5.48	-4.28	3.47	6.03	7.81	8.39
Profit Margin (%)	-191.44	-135.72	-77.72	-67.05	-38.08	-30.62	-22.13	-20.73	-5.64	-4.74	2.7	12.43	22.44	9.8
Net Income to Common Margin (%)	-191.44	-135.72	-78.77	-67.05	-38.08	-30.62	-22.13	-20.73	-5.64	-6.16	0.98	10.79	20.87	8.35
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.16	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	1.33	- -	- -	- -	- -	- -	- -	5.2	-21.22	-1.93	-0.94	-2.18
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	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	2026 Y
Total Debt	31	34	42	52	75	86	113	425	648	621	535	492	721	528
ST Debt	1	- -	1	5	14	19	28	95	98	86	48	27	204	- -
LT Debt	30	34	41	47	62	67	85	330	550	536	487	465	517	528
Total Debt/EBITDA	-0.31	-0.24	-0.3	-0.32	-0.68	-0.75	-1.28	-5.3	17.13	12.28	5.2	4.82	7.09	4.55
Net Debt/EBITDA	0.96	0.53	2.11	0.91	1.24	1.48	2.02	1.94	-7.86	-0.96	-0.57	-0.13	0.27	0.65
Total Debt/EBIT	-0.28	-0.21	-0.25	-0.26	-0.5	-0.56	-0.84	-3.04	-17.22	-22.5	14.53	9.69	9.06	6.35
Net Debt/EBIT	0.89	0.47	1.74	0.73	0.91	1.09	1.32	1.12	7.9	1.77	-1.6	-0.25	0.35	0.91
EBITDA to Interest Expense	-56.98	-38.03	-68.51	-138.82	-123.33	-112.45	-278.22	-23.1	5.4	5.14	21.11	26.55	16.75	10.85
EBITDA-CapEx/Interest Expense	-68.07	-46.72	-87.86	-202.09	-140.02	-124.12	-333.81	-26.96	3.05	4.67	20.07	25.33	16.32	10.28
EBIT to Interest Expense	-61.86	-42.86	-82.95	-173.73	-168.14	-152.04	-424.8	-40.24	-5.37	-2.81	7.56	13.21	13.11	7.78
Interest Expense	2	4	2	1	1	1	- -	3	7	10	5	4	6	11
Common Equity/Total Assets	-98.37	-153.41	-107.45	-147.21	-179.09	-187.71	-174.4	-133.15	-97.78	-97.88	-110.65	-97.23	-57.7	-54.77
Long-Term Debt/Equity (%)	- -	- -	15.38	34.31	82.56	447.49	269.37	1,474.12	364.41	- -	- -	761.86	262.28	267.88
Long-Term Debt/Capital (%)	-18.6	-10.39	-8.46	-6.96	-7.63	-7.03	-8.29	-38.61	-81.74	-211.57	-156.86	-208.65	204.17	297.27
Long-Term Debt/Total Assets (%)	15.35	14.44	8.37	9.51	12.5	12.1	13.01	34.33	40.73	38.48	40.37	37.46	31.03	34.15
Total Debt/Equity (%)	-16.89	-10.23	15.61	37.72	100.95	573.38	359.54	1,898.92	429.06	-157.31	-1,580.3	805.79	365.64	267.88
Total Debt/Capital (%)	-19.2	-10.39	-8.59	-7.65	-9.33	-9	-11.06	-49.73	-96.24	-245.47	-172.23	-220.68	284.63	297.27
Total Debt/Total Assets (%)	15.85	14.44	8.5	10.46	15.28	15.5	17.37	44.22	47.95	44.65	44.33	39.62	43.26	34.15
Net Debt to Equity	52.6	22.51	-108.32	-105.69	-183.84	-1,122.9	-565.25	-695.92	-196.91	12.35	174.58	-21.17	14.18	38.5
Net Debt/Capital (%)	33.4	17.17	35.51	16.83	13.93	14.47	14.33	14.83	23.45	7.29	8	2.13	-7.54	-38.42
EBITDA	-101	-141	-138	-161	-111	-114	-88	-80	38	51	103	102	102	116
EBITDA-CapEx	-120	-173	-177	-234	-125	-126	-105	-93	21	46	98	97	99	110
Operating Income (Loss)	-109	-159	-167	-201	-151	-154	-134	-139	-38	-28	37	51	80	83

Liquidity (USD)

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	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	2026 Y
Cash Ratio	2.23	0.89	1.99	0.77	0.6	0.53	0.47	0.34	0.97	0.82	0.64	0.71	0.78	0.6
Current Ratio	2.83	1.36	2.45	1.28	1.08	1.01	0.93	0.79	1.43	1.27	1.13	1.24	1.19	1.11
Quick Ratio	2.56	1.24	2.32	1.18	1	0.94	0.85	0.7	1.34	1.17	1.01	1.12	1.1	1
CFO/Avg Current Liab	- -	-1.02	-0.59	-0.32	-0.01	0.1	0.13	0.09	0.33	0.35	0.42	0.46	0.41	0.41
Common Equity/Total Assets	-98.37	-153.41	-107.45	-147.21	-179.09	-187.71	-174.4	-133.15	-97.78	-97.88	-110.65	-97.23	-57.7	-54.77
Long-Term Debt/Equity (%)	- -	- -	15.38	34.31	82.56	447.49	269.37	1,474.12	364.41	- -	- -	761.86	262.28	267.88
Long-Term Debt/Capital (%)	-18.6	-10.39	-8.46	-6.96	-7.63	-7.03	-8.29	-38.61	-81.74	-211.57	-156.86	-208.65	204.17	297.27
Long-Term Debt/Total Assets (%)	15.35	14.44	8.37	9.51	12.5	12.1	13.01	34.33	40.73	38.48	40.37	37.46	31.03	34.15
Total Debt/Equity (%)	-16.89	-10.23	15.61	37.72	100.95	573.38	359.54	1,898.92	429.06	-157.31	-1,580.3	805.79	365.64	267.88
Total Debt/Capital (%)	-19.2	-10.39	-8.59	-7.65	-9.33	-9	-11.06	-49.73	-96.24	-245.47	-172.23	-220.68	284.63	297.27
Total Debt/Total Assets (%)	15.85	14.44	8.5	10.46	15.28	15.5	17.37	44.22	47.95	44.65	44.33	39.62	43.26	34.15
CFO/Total Liabilities	-21.54	-16.16	-37.81	-18.44	-0.57	6.57	8.94	4.77	16.39	13.14	24.01	27.01	22.6	26.42
CFO/CapEx	-4.18	-2.85	-2.18	-0.91	-0.16	2.99	3.15	3.34	11.94	49.94	59.19	67.77	129.13	58.68
Altman's Z-Score	-2.28	-3.86	-0.86	-0.54	0.37	0.62	0.54	-0.43	0.67	0.68	1.63	1.65	2.11	1.9

Working Capital (USD)

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	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	2026 Y
Accounts Receivable Turnover	- -	4.15	4.47	3.94	3.63	3.59	3.61	3.62	3.52	3.61	3.81	3.8	3.8	3.81
Days Sales Outstanding	- -	88	81.66	92.68	100.57	101.77	101.17	100.8	103.65	101.16	95.93	96.02	96.13	95.78
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	2.14	3.16	6.37	13.58	11.42	10.69	13.4	21.1	7.86	3.64	3.27	2.86	6.11
Accounts Payable Turnover Days	- -	170.82	115.4	57.3	26.89	31.97	34.13	27.25	17.3	46.44	100.26	111.6	127.71	59.73
Cash Conversion Cycle	- -	-82.81	-33.74	35.37	73.68	69.8	67.04	73.55	86.35	54.71	-4.34	-15.57	-31.58	36.05
Inventory to Cash Days	- -	88	81.66	92.68	100.57	101.77	101.17	100.8	103.65	101.16	95.93	96.02	96.13	95.78
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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	2026 Y
Market Capitalization	- -	- -	298	1,305	2,176	2,979	2,957	2,221	2,702	4,066	4,594	3,746	4,816	3,655
- Cash & Cash Equivalents	128	109	330	186	177	208	218	196	595	416	428	384	625	375
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	488	490	492	494	496
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	31	34	42	52	75	86	113	425	648	621	535	492	721	528
Enterprise Value	-97	-75	10	1,163	2,074	2,856	2,852	2,450	2,755	4,589	5,157	4,250	5,309	4,202
Total Capital	-162	-327	-488	-680	-809	-953	-1,021	-854	-674	-253	-311	-223	253	178
Total Debt/Capital (%)	-19.2	-10.39	-8.59	-7.65	-9.33	-9	-11.06	-49.73	-96.24	-245.47	-172.23	-220.68	284.63	297.27
Total Debt / EV	-0.32	-0.45	4.34	0.04	0.04	0.03	0.04	0.17	0.24	0.14	0.1	0.12	0.14	0.13
EV/Sales	- -	- -	0.04	3.84	5.2	5.64	4.69	3.52	3.57	5.25	5.2	4.1	4.87	3.57
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	72.83	90.67	50.16	41.67	52.18	36.19
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	139.99	83.73	66.66	50.51
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	78.45	51.27	50.81	13.5	18.68	17.09	13.01	15.18	11.39
EV/Free Cash Flow to Firm	- -	- -	- -	144.53	153.99	59.22	38.96	39.76	12.49	18.33	16.81	12.83	15.07	11.2
Diluted Market Cap	- -	- -	298	1,305	2,176	2,979	2,957	2,221	2,702	4,066	4,805	3,860	4,963	3,781
Diluted Enterprise Value	-97	-75	10	1,171	2,074	2,856	2,852	2,450	2,755	4,759	5,401	4,460	5,554	4,430
EV per Share	- -	- -	0.61	9.6	16.27	21.33	20.18	16.58	17.68	29.49	35.92	29.47	36.81	29.14
TTM Sales	59	124	216	303	399	506	608	696	771	874	991	1,038	1,090	1,177
TTM EBITDA	-101	-141	-138	-161	-111	-114	-88	-80	38	51	103	102	102	116
TTM Operating Income	-109	-159	-167	-201	-151	-154	-134	-139	-38	-28	37	51	80	83
TTM Cash Flow to Firm	-80	-88	-83	-65	-1	36	56	48	204	246	302	327	350	369
TTM Free Cash Flow to Firm	-60	-56	-44	8	13	48	73	62	221	250	307	331	352	375

Multiples (USD)

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	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	2026 Y
Price/Free Cash Flow	- -	- -	-6.48	189.37	173.14	63.09	40.57	38.22	12.67	16.97	15.86	11.94	14.82	10.43
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	139.99	83.73	66.66	50.51
Enterprise Value	-97	-75	10	1,163	2,074	2,856	2,852	2,450	2,755	4,589	5,157	4,250	5,309	4,202
Low Price	- -	- -	18.22	8.82	8.96	15.73	15.64	12.46	8.64	16.85	22.31	23.29	24.56	25.15
EV/Sales	- -	- -	0.04	3.84	5.2	5.64	4.69	3.52	3.57	5.25	5.2	4.1	4.87	3.57
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	72.83	90.67	50.16	41.67	52.18	36.19
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	474.88	33.47	21.17	37.21
Price/Earnings Average	- -	- -	-1.93	-9.2	-11.02	-16.58	-23.38	-18.3	-61.8	-69.02	415.57	35.43	18.64	46.78
Price/Earnings High	- -	- -	-2.3	-12.55	-14.68	-20.83	-31.28	-25.52	-79.26	-81.24	490.47	45.07	22.66	56.95
Price/Earnings Low	- -	- -	-1.69	-5.27	-7.52	-13.6	-16.42	-12.75	-31	-48.66	331.18	30.01	15.57	36.91
Price/Book Value	- -	- -	-0.56	-1.78	-2.46	-2.87	-2.61	-1.74	-2.04	-2.98	-3.44	-3.1	-5.01	-4.32
Price/Book Value Average	- -	- -	-0.62	-2.55	-1.89	-2.47	-2.78	-2.07	-2.03	-2.73	-3.01	-3.29	-4.41	-5.43
Price/Book Value High	- -	- -	-0.74	-3.48	-2.52	-3.11	-3.71	-2.88	-2.6	-3.21	-3.55	-4.18	-5.36	-6.61
Price/Book Value Low	- -	- -	-0.55	-1.46	-1.29	-2.03	-1.95	-1.44	-1.02	-1.92	-2.4	-2.78	-3.68	-4.28
Price/Tangible Book Value	- -	- -	1.19	10.9	37.58	-2,208.04	323.14	-103.31	25.14	-4.17	-7.21	-6.76	-10.74	-7.68
Price/Tangible Book Value Average	- -	- -	1.31	15.6	28.88	-1,904.41	343.87	-122.85	24.97	-3.81	-6.31	-7.15	-9.46	-9.66
Price/Tangible Book Value High	- -	- -	1.56	21.27	38.49	-2,392.71	460.15	-171.32	32.02	-4.49	-7.45	-9.1	-11.49	-11.76
Price/Tangible Book Value Low	- -	- -	1.15	8.93	19.73	-1,561.71	241.58	-85.64	12.53	-2.69	-5.03	-6.06	-7.9	-7.62
Price/Sales	- -	- -	1.38	4.31	5.46	5.89	4.86	3.19	3.51	4.65	4.64	3.61	4.42	3.1
Price/Sales Average	- -	- -	1.52	6.17	4.19	5.08	5.17	3.79	3.48	4.25	4.06	3.82	3.89	3.9
Price/Sales High	- -	- -	1.81	8.41	5.59	6.38	6.92	5.29	4.47	5.01	4.79	4.86	4.73	4.75
Price/Sales Low	- -	- -	1.33	3.53	2.87	4.16	3.63	2.64	1.75	3	3.23	3.24	3.25	3.08
Price/Cash Flow	- -	- -	-3.51	-19.67	-910.8	84.16	53.45	49.67	13.73	17.31	15.42	11.75	14.49	10.25
Price/Cash Flow Average	- -	- -	-3.88	-28.16	-699.85	72.59	56.88	59.07	13.64	15.84	13.49	12.44	12.76	12.89
Price/Cash Flow High	- -	- -	-4.62	-38.39	-932.67	91.2	76.12	82.37	17.49	18.64	15.92	15.83	15.51	15.7
Price/Cash Flow Low	- -	- -	-3.4	-16.12	-478.08	59.53	39.96	41.18	6.84	11.17	10.75	10.54	10.66	10.17
Price/Free Cash Flow Average	- -	- -	-7.15	271.08	133.04	54.41	43.17	45.45	12.58	15.52	13.88	12.64	13.05	13.11
Price/Free Cash Flow High	- -	- -	-8.52	369.58	177.3	68.37	57.77	63.38	16.14	18.27	16.38	16.07	15.87	15.96
Price/Free Cash Flow Low	- -	- -	-6.28	155.22	90.88	44.62	30.33	31.68	6.31	10.95	11.06	10.7	10.9	10.35
EV/Sales Average	- -	- -	0.19	5.73	3.94	4.83	5	4.12	3.55	5.05	4.66	4.4	4.43	4.46
EV/Sales High	- -	- -	0.48	7.97	5.33	6.14	6.75	5.62	4.54	5.8	5.39	5.44	5.27	5.3
EV/Sales Low	- -	- -	- -	3.09	2.61	3.92	3.46	2.97	1.82	3.79	3.84	3.81	3.79	3.63
EV/EBITDA Average	0.96	0.53	-0.29	-10.79	-14.21	-21.48	-34.6	-35.85	72.35	87.17	44.9	44.77	47.49	45.18
EV/EBITDA High	0.96	0.53	-0.75	-15.02	-19.24	-27.26	-46.71	-48.87	92.39	100.18	51.94	55.34	56.48	53.78
EV/EBITDA Low	0.96	0.53	- -	-5.83	-9.41	-17.42	-23.96	-25.86	36.99	65.5	36.96	38.81	40.63	36.83
EV/EBIT Average	0.89	0.47	-0.24	-8.63	-10.42	-15.89	-22.66	-20.58	-72.72	-159.69	125.31	89.97	60.67	63.05
EV/EBIT High	0.89	0.47	-0.62	-12	-14.11	-20.16	-30.59	-28.05	-92.87	-183.53	144.98	111.21	72.15	75.06
EV/EBIT Low	0.89	0.47	- -	-4.65	-6.9	-12.88	-15.69	-14.84	-37.18	-119.99	103.15	78	51.9	51.4
Last Price	- -	- -	18.81	10.76	17.07	22.24	20.92	15.03	17.34	26.13	31.99	25.98	33.39	25.35
High Price	- -	- -	24.73	21	17.48	24.1	29.79	24.93	22.09	28.13	33.04	34.98	35.74	38.8
Enterprise Value Average	-97	-75	40	1,734	1,570	2,447	3,042	2,870	2,737	4,412	4,616	4,566	4,832	5,245
Enterprise Value High	-97	-75	103	2,412	2,126	3,106	4,106	3,912	3,496	5,070	5,341	5,644	5,746	6,244
Enterprise Value Low	-97	-75	- -	936	1,040	1,984	2,106	2,070	1,400	3,315	3,800	3,959	4,133	4,276

	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	2026 Y
Shares Outstanding	119	119	120	124	131	137	144	151	160	145	144	144	144	141
Diluted Weighted Avg Shares	96	96	16	121	127	134	141	148	156	156	150	149	149	149
Basic Weighted Avg Shares	96	96	16	121	127	134	141	148	156	156	144	144	144	144
Revenue per Share	0.61	1.3	13.65	2.5	3.13	3.78	4.3	4.71	4.95	5.62	6.9	7.2	7.56	8.16
EBITDA per Share	-1.05	-1.47	-8.68	-1.32	-0.87	-0.85	-0.62	-0.54	0.24	0.33	0.72	0.71	0.71	0.81
Operating Income per Share	-1.14	-1.66	-10.51	-1.66	-1.18	-1.15	-0.95	-0.94	-0.24	-0.18	0.26	0.35	0.55	0.58
Basic EPS, GAAP	-1.18	-1.76	-10.75	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.35	0.07	0.78	1.58	0.68
Basic EPS from Cont Ops	-1.18	-1.76	-10.61	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.19	0.89	1.7	0.8
Diluted EPS, GAAP	-1.18	-1.76	-10.75	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.35	0.06	0.75	1.53	0.66
Diluted EPS from Cont Ops	-1.18	-1.76	-10.61	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.18	0.87	1.65	0.77
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.06	0.1	0.1	0.1	0.1
Cash Flow per Share	-0.85	-0.96	-5.36	-0.55	-0.02	0.26	0.39	0.3	1.26	1.51	2.08	2.21	2.3	2.47
Free Cash Flow per Basic Share	-1.06	-1.3	-7.81	-1.15	-0.14	0.18	0.27	0.21	1.16	1.48	2.04	2.18	2.29	2.43
Cash & Equivalents per Share	1.33	1.14	20.84	1.59	1.39	1.55	1.54	1.32	3.82	3.77	3.21	3.33	5.01	3.32
Book Value per Share	-2.01	-3.78	-33.39	-6.04	-6.94	-7.76	-8.02	-8.65	-8.48	-8.76	-9.3	-8.37	-6.67	-5.87
Tangible Book Value per Share	-1.93	-3.63	15.8	0.99	0.45	-0.01	0.06	-0.15	0.69	-6.27	-4.44	-3.85	-3.11	-3.3

Box, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)