Co-Diagnostics, Inc. Financial Ratios — CODX Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	102.2	-30.24	-158.44	- -	- -
Return on Assets (%)	- -	-231.43	-233.6	-201.81	-328.81	115.66	31.7	-10.06	-32.36	-47.38	-106.21
Return on Capital (%)	- -	- -	- -	- -	- -	-1,146.34	102.2	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	122.6	36.61	- -	- -	- -	- -
Gross Margin (%)	100	- -	96.06	76.47	47.7	77.75	88.18	83.98	38.57	74.48	64.28
EBITDA Margin (%)	-19,248.39	- -	-58,970.36	-15,201.45	-2,710.95	56.11	47.4	-30.13	-608.86	-988.57	-4,847.72
Operating Margin (%)	-19,679.79	- -	-59,567.57	-15,328.65	-2,741.61	55.93	47.06	-33.87	-626.92	-1,023.75	-5,025.53
Incremental Operating Margin (%)	- -	-2,800.13	- -	- -	- -	64.02	18.73	- -	- -	- -	- -
Pretax Margin (%)	-20,431.68	- -	-90,827.88	-15,714.27	-2,882	57.1	46.62	-55.08	-559.46	-959.9	-7,793.22
Profit Margin (%)	-20,431.68	- -	-90,827.88	-15,714.27	-2,882	56.98	37.45	-41.61	-518.68	-961.37	-7,533.62
Net Income to Common Margin (%)	-20,431.68	- -	-90,827.88	-15,714.27	-2,882	56.98	37.45	-41.61	-518.68	-961.37	-7,533.62
Effective Tax Rate (%)	- -	- -	- -	- -	- -	0.21	19.67	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	102.2	-30.24	-158.44	- -	- -

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	1	3	- -	2	- -	- -	- -	- -	3	2	1
ST Debt	- -	3	- -	2	- -	- -	- -	- -	1	1	1
LT Debt	1	- -	- -	- -	- -	- -	- -	- -	2	1	1
Total Debt/EBITDA	-0.53	-2.06	- -	-0.31	- -	- -	- -	-0.03	-0.07	-0.06	-0.04
Net Debt/EBITDA	-0.51	-1.45	0.78	-0.16	0.15	-1.03	-1.91	2.23	0.36	0.08	0.39
Total Debt/EBIT	-0.51	-2.01	- -	-0.31	- -	- -	- -	-0.03	-0.07	-0.05	-0.04
Net Debt/EBIT	-0.5	-1.42	0.77	-0.16	0.15	-1.03	-1.92	1.98	0.35	0.07	0.38
EBITDA to Interest Expense	-25.6	-6.86	-14.56	-44.96	-54.75	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-27.18	-6.91	-14.98	-45.27	-55.82	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	-26.17	-7.01	-14.71	-45.33	-55.37	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-950.22	-420.84	-266.18	-1,202.78	-1,126.27	24.62	33.87	32.47	4.86	-52.61	-324.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	0.04	2.5	2.3	2.78
Long-Term Debt/Capital (%)	-20.83	-21.61	- -	- -	- -	- -	- -	0.13	28.23	-3.95	-0.73
Long-Term Debt/Total Assets (%)	141.16	34.34	- -	- -	- -	- -	- -	0.04	2.26	1.95	2.32
Total Debt/Equity (%)	-88.16	-113.34	- -	-180.26	- -	- -	- -	0.3	3.48	3.99	5.99
Total Debt/Capital (%)	-40.25	-164.82	- -	-11.38	- -	- -	- -	0.86	39.22	-6.88	-1.56
Total Debt/Total Assets (%)	272.7	261.92	- -	122.88	- -	- -	- -	0.28	3.14	3.39	5
Net Debt to Equity	-85.21	-79.99	-91.79	-90.51	-51.41	-64.44	-65.89	-20.06	-17.34	-5.45	-57.61
Net Debt/Capital (%)	-38.39	-78.33	22.17	-5.41	3.46	168.95	257.55	-132.49	204.56	8.58	13.07
EBITDA	-2	-2	-5	-6	-6	42	46	-10	-41	-39	-30
EBITDA-CapEx	-2	-2	-5	-6	-6	41	46	-12	-43	-39	-31
Operating Income (Loss)	-2	-2	-5	-6	-6	42	46	-12	-43	-40	-31

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.03	0.26	5.63	0.4	2.72	11.65	7.13	20.98	10.19	4.07	3.36
Current Ratio	0.15	0.31	7.09	0.45	4.83	16.69	9.14	23.94	10.81	4.41	3.87
Quick Ratio	0.04	0.26	5.63	0.41	3.12	14.63	8.79	22.37	10.24	4.08	3.42
CFO/Avg Current Liab	- -	-0.54	-1.44	-2.74	-4.12	12.83	4.93	0.8	-4.59	-4.46	-5.37
Common Equity/Total Assets	-950.22	-420.84	-266.18	-1,202.78	-1,126.27	24.62	33.87	32.47	4.86	-52.61	-324.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	0.04	2.5	2.3	2.78
Long-Term Debt/Capital (%)	-20.83	-21.61	- -	- -	- -	- -	- -	0.13	28.23	-3.95	-0.73
Long-Term Debt/Total Assets (%)	141.16	34.34	- -	- -	- -	- -	- -	0.04	2.26	1.95	2.32
Total Debt/Equity (%)	-88.16	-113.34	- -	-180.26	- -	- -	- -	0.3	3.48	3.99	5.99
Total Debt/Capital (%)	-40.25	-164.82	- -	-11.38	- -	- -	- -	0.86	39.22	-6.88	-1.56
Total Debt/Total Assets (%)	272.7	261.92	- -	122.88	- -	- -	- -	0.28	3.14	3.39	5
CFO/Total Liabilities	-100.79	-30.59	-395.59	-156.2	-1,155.71	620.29	160.73	76.68	-237.26	-300.94	-708.25
CFO/CapEx	-12.92	-107.2	-24.84	-98.7	-48.79	36.37	61.36	4.6	-16.17	-38.96	-41.62
Altman's Z-Score	-33.55	-12.64	15.41	-26.55	-4.96	37.23	9.85	7.2	1.65	-2.47	-10.6

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	4.81	5.95	2.97	12.15	5.94	2.82	3.63	17.94	3.86
Days Sales Outstanding	- -	- -	75.82	61.37	122.93	30.03	61.48	129.56	100.67	20.35	94.68
Inventory Turnover	- -	- -	0.07	0.69	1.04	4.05	2.32	1.5	1.2	0.73	0.22
Days Inventory Outstanding	- -	- -	5,479.83	529	349.51	90.11	157.66	243.55	304.18	500.02	1,694.8
Accounts Payable Turnover	- -	- -	0.13	0.19	3.76	80.72	9.26	11.27	0.44	0.17	0.05
Accounts Payable Turnover Days	- -	- -	2,838.84	1,874.65	97.01	4.52	39.41	32.39	823.96	2,141.09	6,645.39
Cash Conversion Cycle	- -	- -	2,716.81	-1,284.28	375.43	115.62	179.73	340.72	-419.11	-1,620.72	-4,855.91
Inventory to Cash Days	- -	- -	-5,404.02	-467.63	-226.58	-60.08	-96.18	-113.99	-203.51	-479.68	-1,600.12
Inventories	- -	- -	- -	- -	- -	8	2	5	2	1	1
Raw Materials	- -	- -	- -	- -	- -	7	1	4	1	1	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	1	1	1	1	1	1
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	29	19	15	248	258	79	39	23	7
- Cash & Cash Equivalents	- -	1	4	1	1	43	89	23	15	3	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1	3	- -	2	- -	- -	- -	- -	3	2	1
Enterprise Value	1	2	25	20	14	201	168	-2	-17	-5	-4
Total Capital	-3	-2	-12	-17	-25	18	54	40	8	-31	-79
Total Debt/Capital (%)	-40.25	-164.82	- -	-11.38	- -	- -	- -	0.86	39.22	-6.88	-1.56
Total Debt / EV	1.03	1.42	- -	0.1	- -	- -	- -	-0.22	-0.18	-0.44	-0.32
EV/Sales	97.77	- -	3,315.16	490.1	65.61	2.7	1.72	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	4.81	3.62	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	4.83	3.65	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	7.14	4.09	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	6.95	4.02	- -	- -	- -	- -
Diluted Market Cap	- -	- -	29	19	15	260	267	79	39	23	7
Diluted Enterprise Value	1	2	25	20	14	217	178	57	27	22	-4
EV per Share	2.62	6.43	69.53	47	25.25	225.88	174.53	- -	- -	- -	- -
TTM Sales	- -	- -	- -	- -	- -	75	98	34	7	4	1
TTM EBITDA	-2	-2	-5	-6	-6	42	46	-10	-41	-39	-30
TTM Operating Income	-2	-2	-5	-6	-6	42	46	-12	-43	-40	-31
TTM Cash Flow to Firm	-1	-1	-3	-4	-5	28	41	7	-22	-29	-29
TTM Free Cash Flow to Firm	-1	-1	-3	-4	-5	29	42	8	-21	-28	-28

Multiples (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	-9.39	-4.61	-2.77	9	6.4	9.92	-1.88	-0.8	-0.24
EV/EBIT	- -	- -	- -	- -	- -	4.83	3.65	- -	- -	- -	- -
Enterprise Value	1	2	25	20	14	201	168	-2	-17	-5	-4
Low Price	- -	- -	70.5	33.3	20.82	26.4	210.3	67.8	29.25	20.1	4.98
EV/Sales	97.77	- -	3,315.16	490.1	65.61	2.7	1.72	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	4.81	3.62	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	5.85	7.03	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-7.94	-5.34	-2.85	7.96	7.92	-10.9	-1.32	-0.96	-0.34
Price/Earnings High	- -	- -	-10.79	-13.26	-10.2	19.49	16.29	-22.35	-2.77	-1.8	-1.32
Price/Earnings Low	- -	- -	-3.7	-2.21	-1.88	0.55	5.52	-5	-0.81	-0.54	-0.14
Price/Book Value	- -	- -	-2.33	-1	-0.6	14.17	4.76	1.98	8.42	-0.68	-0.08
Price/Book Value Average	- -	- -	-4.45	-1.79	-0.71	19.29	5.36	3.88	10.08	-1.08	-0.2
Price/Book Value High	- -	- -	-6.05	-4.45	-2.53	47.21	11.02	7.96	21.09	-2.02	-0.77
Price/Book Value Low	- -	- -	-2.08	-0.74	-0.47	1.34	3.73	1.78	6.17	-0.61	-0.08
Price/Tangible Book Value	- -	- -	7.51	-17.57	8.63	3.73	2.79	0.9	0.65	0.82	0.5
Price/Tangible Book Value Average	- -	- -	14.34	-31.65	10.17	5.07	3.14	1.77	0.78	1.3	1.2
Price/Tangible Book Value High	- -	- -	19.5	-78.53	36.36	12.42	6.45	3.63	1.64	2.44	4.61
Price/Tangible Book Value Low	- -	- -	6.69	-13.09	6.69	0.35	2.19	0.81	0.48	0.73	0.49
Price/Sales	- -	- -	3,776.46	466.09	69.76	3.33	2.63	2.32	5.73	5.81	10.83
Price/Sales Average	- -	- -	7,208.11	839.74	82.2	4.54	2.97	4.53	6.86	9.2	25.8
Price/Sales High	- -	- -	9,798.77	2,083.32	293.87	11.11	6.1	9.3	14.35	17.28	99.37
Price/Sales Low	- -	- -	3,361.62	347.22	54.1	0.32	2.07	2.08	4.2	5.19	10.64
Price/Cash Flow	- -	- -	-9.01	-4.56	-2.71	8.82	6.28	12.08	-1.77	-0.78	-0.23
Price/Cash Flow Average	- -	- -	-17.2	-8.21	-3.2	12.01	7.07	23.62	-2.12	-1.24	-0.55
Price/Cash Flow High	- -	- -	-23.38	-20.38	-11.43	29.4	14.54	48.45	-4.43	-2.32	-2.12
Price/Cash Flow Low	- -	- -	-8.02	-3.4	-2.1	0.83	4.93	10.83	-1.3	-0.7	-0.23
Price/Free Cash Flow Average	- -	- -	-17.92	-8.3	-3.27	12.25	7.2	19.41	-2.26	-1.27	-0.56
Price/Free Cash Flow High	- -	- -	-24.36	-20.59	-11.67	29.98	14.82	39.8	-4.72	-2.38	-2.18
Price/Free Cash Flow Low	- -	- -	-8.36	-3.43	-2.15	0.85	5.02	8.9	-1.38	-0.72	-0.23
EV/Sales Average	97.77	- -	6,746.81	863.76	78.05	3.96	2.06	3.87	5.11	9	8.7
EV/Sales High	97.77	- -	9,337.48	2,107.33	289.71	10.53	5.2	8.64	12.6	17.08	82.26
EV/Sales Low	97.77	- -	2,900.33	371.23	49.94	- -	1.16	1.42	2.45	4.99	- -
EV/EBITDA Average	-0.51	-1.45	-11.44	-5.68	-2.88	7.06	4.35	-12.86	-0.84	-0.91	-0.18
EV/EBITDA High	-0.51	-1.45	-15.83	-13.86	-10.69	18.77	10.96	-28.68	-2.07	-1.73	-1.7
EV/EBITDA Low	-0.51	-1.45	-4.92	-2.44	-1.84	-0.47	2.45	-4.71	-0.4	-0.5	0.13
EV/EBIT Average	-0.5	-1.42	-11.33	-5.63	-2.85	7.08	4.38	-11.43	-0.81	-0.88	-0.17
EV/EBIT High	-0.5	-1.42	-15.68	-13.75	-10.57	18.83	11.04	-25.5	-2.01	-1.67	-1.64
EV/EBIT Low	-0.5	-1.42	-4.87	-2.42	-1.82	-0.47	2.47	-4.19	-0.39	-0.49	0.13
Last Price	- -	- -	79.2	44.7	26.85	279	267.9	75.6	39.9	22.5	5.07
High Price	- -	- -	205.5	199.8	113.1	929.7	620.55	303.3	99.9	66.9	46.5
Enterprise Value Average	1	2	52	34	17	295	202	133	35	35	5
Enterprise Value High	1	2	72	84	62	785	509	296	86	67	51
Enterprise Value Low	1	2	22	15	11	-19	114	49	17	20	-4

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	- -	- -	- -	1	1	1	1	1	1	2
Diluted Weighted Avg Shares	- -	- -	- -	- -	1	1	1	1	1	1	1
Basic Weighted Avg Shares	- -	- -	- -	- -	1	1	1	1	1	1	1
Revenue per Share	0.03	- -	0.02	0.1	0.38	83.7	101.7	32.61	6.96	3.87	0.47
EBITDA per Share	-5.16	-4.43	-12.37	-14.58	-10.43	46.97	48.21	-9.82	-42.4	-38.28	-22.69
Operating Income per Share	-5.28	-4.53	-12.49	-14.7	-10.55	46.81	47.86	-11.05	-43.66	-39.64	-23.52
Basic EPS, GAAP	-5.48	-5.17	-19.05	-15.07	-11.09	47.69	38.09	-13.57	-36.12	-37.22	-35.25
Basic EPS from Cont Ops	-5.48	-5.17	-19.05	-15.07	-11.09	47.69	38.09	-13.57	-36.12	-37.22	-35.25
Diluted EPS, GAAP	-5.48	-5.17	-19.05	-15.07	-11.09	45.51	36.78	-13.57	-36.12	-37.22	-35.25
Diluted EPS from Cont Ops	-5.48	-5.17	-19.05	-15.07	-11.09	45.51	36.78	-13.57	-36.12	-37.22	-35.25
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-4.11	-3.52	-8.79	-9.8	-9.89	31.62	42.68	6.26	-22.57	-28.83	-21.9
Free Cash Flow per Basic Share	-4.42	-3.55	-9.14	-9.9	-10.09	30.75	41.99	4.9	-23.97	-29.57	-22.43
Cash & Equivalents per Share	0.09	2.68	9.67	2.28	1.6	53.12	93.37	77.44	59.85	29.42	8.93
Book Value per Share	-9.46	-14.63	-33.97	-44.89	-44.67	19.69	56.32	38.09	4.74	-33.07	-60.37
Tangible Book Value per Share	-3.08	-8.03	10.54	-2.54	3.11	74.88	96.18	83.63	60.94	27.47	10.08

Co-Diagnostics, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)