Canterbury Park Holding Corporation Financial Ratios — CPHC

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
Return on Common Equity (%)	3.66	9.66	9.69	19.76	19.15	25.55	21.18	24.77	10.46	3.91	35.16	17.73	21.19	3.86	-0.98
Return on Assets (%)	1.19	2.94	2.82	6.29	6.43	8.84	7.85	9.86	4.29	1.58	15.54	8.57	10.73	1.97	-0.48
Return on Capital (%)	3.66	9.66	9.69	19.76	17.23	23.46	21.18	24.71	10.4	- -	35.06	17.72	21.17	3.85	- -
Return on Invested Capital (%)	1.43	3.64	3.55	6.07	5.33	2.86	9.92	8.91	5.13	- -	22.29	11.81	4.72	3.94	- -
Gross Margin (%)	73.63	73.93	73.68	74.85	75.96	76.45	77.28	77.63	77.31	77.03	79.25	79.22	79.44	78.81	79.8
EBITDA Margin (%)	7.25	8.21	7.64	10.89	10.35	8.3	12.14	13.42	10.75	3.08	33.71	20.98	13.53	13.6	10.94
Operating Margin (%)	2.58	4.31	3.66	6.48	5.95	3.45	7.7	9.09	6.22	-5.22	29	16.52	8.41	7.72	4.23
Incremental Operating Margin (%)	348.83	18.73	-19.57	82.6	-0.8	-661.33	57.32	45.38	-1,981.01	- -	70.6	-100.87	108.96	-333.41	111.9
Pretax Margin (%)	2.59	4.33	3.72	8.46	8.83	13.57	8.03	13.03	6.69	-0.57	26.16	15.32	24.38	4.93	-1.37
Profit Margin (%)	0.98	2.24	2.18	4.97	5.22	8	7.18	9.67	4.59	3.2	19.53	11.24	17.19	3.43	-0.89
Net Income to Common Margin (%)	0.98	2.24	2.18	4.97	5.22	8	7.18	9.67	4.59	3.2	19.53	11.24	17.19	3.43	-0.89
Effective Tax Rate (%)	62.23	48.32	41.45	41.22	40.93	41.07	10.5	25.82	31.4	- -	25.32	26.59	29.49	30.42	- -
Dvd Payout Ratio (%)	- -	203.89	- -	- -	38.7	30.69	23.51	21.09	47.13	30.94	0.01	18.11	13.11	66.53	-269.39
Sustainable Growth Rate (%)	3.66	-10.04	9.69	19.76	11.74	17.71	16.2	19.55	5.53	2.7	35.15	14.52	18.41	1.29	-3.61

Credit (USD)

API Chat

	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
Total Debt	- -	- -	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	0.59	- -	- -	0.02	0.03	0.11	- -	- -	0.01	0.02	0.02
Net Debt/EBITDA	-2.81	-2.51	-2.45	-1.66	-1.53	-1.45	-1.29	-0.62	-0.06	- -	-0.58	-0.93	-2.64	-1.2	-1.85
Total Debt/EBIT	- -	- -	- -	- -	1.02	- -	- -	0.02	0.05	-0.07	- -	- -	0.01	0.04	0.05
Net Debt/EBIT	-7.9	-4.79	-5.11	-2.79	-2.66	-3.48	-2.03	-0.91	-0.1	- -	-0.68	-1.18	-4.24	-2.12	-4.79
EBITDA to Interest Expense	3,667.3	- -	- -	- -	26,910.97	85.3	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	2,769.1	- -	- -	- -	4,016.48	-1.49	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	1,305.36	- -	- -	- -	15,480.06	35.4	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	32.35	28.6	29.62	33.94	33.25	35.81	38.23	41.21	40.79	40.2	47.5	49.06	52.01	50.17	47.24
Long-Term Debt/Equity (%)	- -	- -	- -	- -	7.83	- -	- -	0.21	0.24	0.13	0.03	- -	0.04	0.14	0.1
Long-Term Debt/Capital (%)	- -	- -	- -	- -	14.2	- -	- -	0.39	0.44	0.25	0.05	- -	0.07	0.21	0.15
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	5.72	- -	- -	0.16	0.18	0.1	0.02	- -	0.03	0.11	0.07
Total Debt/Equity (%)	- -	- -	- -	- -	9.6	- -	- -	0.26	0.35	0.23	0.11	0.03	0.08	0.21	0.14
Total Debt/Capital (%)	- -	- -	- -	- -	17.41	- -	- -	0.48	0.64	0.42	0.17	0.04	0.11	0.32	0.22
Total Debt/Total Assets (%)	- -	- -	- -	- -	7.01	- -	- -	0.2	0.26	0.17	0.08	0.02	0.06	0.16	0.1
Net Debt to Equity	-30.1	-34.91	-30.92	-28.27	-25	-17.23	-21.83	-10.47	-0.72	- -	-18.44	-18.25	-26.82	-11.98	-14.38
Net Debt/Capital (%)	-296.24	-1,572.79	-387.51	-188.68	-82.89	-54.91	-74.29	-23.83	-1.34	- -	-42.92	-40.21	-67.35	-22.27	-29.26
EBITDA	3	4	4	5	5	4	7	8	6	1	20	14	8	8	7
EBITDA-CapEx	2	3	-1	- -	1	- -	3	2	-1	-1	17	9	- -	-4	2
Operating Income (Loss)	1	2	2	3	3	2	4	5	4	-2	18	11	5	5	3

Liquidity (USD)

API Chat

	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
Cash Ratio	1.57	1.47	1.34	1.49	1.16	0.75	0.84	0.48	0.04	- -	1.21	1.72	2.43	1.41	1.77
Current Ratio	2.11	1.96	1.8	1.89	1.53	1.39	1.42	1.21	0.35	0.94	2.49	2.94	3.28	2.29	2.6
Quick Ratio	1.68	1.54	1.44	1.54	1.23	1.08	1.06	0.64	0.07	0.42	2.02	2.57	2.84	1.75	2.06
CFO/Avg Current Liab	0.65	0.68	0.54	0.72	0.66	0.62	0.84	0.59	0.61	0.1	1.36	1.11	1.07	0.6	0.88
Common Equity/Total Assets	32.35	28.6	29.62	33.94	33.25	35.81	38.23	41.21	40.79	40.2	47.5	49.06	52.01	50.17	47.24
Long-Term Debt/Equity (%)	- -	- -	- -	- -	7.83	- -	- -	0.21	0.24	0.13	0.03	- -	0.04	0.14	0.1
Long-Term Debt/Capital (%)	- -	- -	- -	- -	14.2	- -	- -	0.39	0.44	0.25	0.05	- -	0.07	0.21	0.15
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	5.72	- -	- -	0.16	0.18	0.1	0.02	- -	0.03	0.11	0.07
Total Debt/Equity (%)	- -	- -	- -	- -	9.6	- -	- -	0.26	0.35	0.23	0.11	0.03	0.08	0.21	0.14
Total Debt/Capital (%)	- -	- -	- -	- -	17.41	- -	- -	0.48	0.64	0.42	0.17	0.04	0.11	0.32	0.22
Total Debt/Total Assets (%)	- -	- -	- -	- -	7.01	- -	- -	0.2	0.26	0.17	0.08	0.02	0.06	0.16	0.1
CFO/Total Liabilities	51.28	50.63	40.06	54	36.18	37.8	59.58	43.11	42.12	6.45	72.15	53.19	50.42	25.11	31.01
CFO/CapEx	4.78	3.62	0.82	0.81	0.96	1.12	2.18	1.15	0.91	0.74	3.57	2.24	1.46	0.54	2.13
Altman's Z-Score	6.79	5.07	4.9	4.88	4.07	3.74	5.03	4.42	3.66	2.88	4.94	6.39	4.4	3.93	1.43

Working Capital (USD)

API Chat

	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
Accounts Receivable Turnover	86.86	95.44	124.4	182.34	299.9	71.6	44.02	77.82	217.83	124.29	194.98	132.76	111.45	133.37	152.35
Days Sales Outstanding	4.2	3.82	2.93	2	1.22	5.1	8.29	4.69	1.68	2.94	1.87	2.75	3.27	2.74	2.4
Inventory Turnover	59.57	59.97	53.91	51.23	51.83	49.31	50.67	47.24	39.11	25	53.67	54.4	49.4	52.17	46.28
Days Inventory Outstanding	6.13	6.09	6.77	7.12	7.04	7.4	7.2	7.73	9.33	14.6	6.8	6.71	7.39	7	7.89
Accounts Payable Turnover	4.57	4.55	3.92	4.29	5.49	5.01	4.82	4.12	3.82	2.31	4.78	4.9	3.17	3.16	4.1
Accounts Payable Turnover Days	79.84	80.17	93.05	85.1	66.49	72.86	75.68	88.62	95.51	158.18	76.4	74.52	115.23	115.63	89.08
Cash Conversion Cycle	-69.51	-70.26	-83.35	-75.97	-58.23	-60.35	-60.19	-76.2	-84.51	-140.65	-67.72	-65.06	-104.57	-105.9	-78.8
Inventory to Cash Days	-1.93	-2.26	-3.84	-5.12	-5.83	-2.31	1.09	-3.04	-7.66	-11.66	-4.93	-3.96	-4.11	-4.26	-5.49
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	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
Market Capitalization	54	40	43	39	43	43	71	62	57	56	83	152	101	102	- -
- Cash & Cash Equivalents	8	9	9	9	8	6	9	5	- -	- -	12	13	22	10	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	46	30	34	30	38	37	62	57	57	56	71	134	74	87	-17
Total Capital	11	10	11	13	18	18	21	25	27	28	40	45	55	55	53
Total Debt/Capital (%)	- -	- -	- -	- -	17.41	- -	- -	0.48	0.64	0.42	0.17	0.04	0.11	0.32	0.22
Total Debt / EV	- -	- -	- -	- -	0.08	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.01
EV/Sales	1.13	0.66	0.73	0.62	0.73	0.7	1.09	0.97	0.96	1.7	1.17	2	1.2	1.42	- -
EV/EBITDA	15.54	8.07	9.51	5.68	7.03	8.4	8.98	7.22	8.9	55.22	3.47	9.54	8.86	10.45	- -
EV/EBIT	43.65	15.36	19.85	9.55	12.22	20.24	14.16	10.67	15.37	- -	4.04	12.12	14.25	18.42	- -
EV/Cash Flow to Firm	13.28	7.42	9.58	6.53	8.59	7.36	7.54	9.06	8.41	49.85	5.24	11.93	6.39	13.49	- -
EV/Free Cash Flow to Firm	10.98	5.81	4.32	2.93	4.21	3.89	5.17	4.85	4.02	21.12	4.09	8.25	3.79	4.74	- -
Diluted Market Cap	55	40	43	39	43	43	72	63	57	56	83	153	101	103	- -
Diluted Enterprise Value	47	31	34	30	38	37	63	58	57	56	72	140	79	93	-12
EV per Share	11.19	7.29	8.15	7.18	9	8.53	14.17	12.8	12.34	11.99	14.81	27.56	14.97	17.52	- -
TTM Sales	41	45	47	48	52	52	57	59	59	33	60	67	61	62	60
TTM EBITDA	3	4	4	5	5	4	7	8	6	1	20	14	8	8	7
TTM Operating Income	1	2	2	3	3	2	4	5	4	-2	18	11	5	5	3
TTM Cash Flow to Firm	3	4	4	5	4	5	8	6	7	1	13	11	12	6	9
TTM Free Cash Flow to Firm	4	5	8	10	9	9	12	12	14	3	17	16	19	18	13

Multiples (USD)

API Chat

	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
Price/Free Cash Flow	13.17	7.73	5.49	3.82	4.81	4.62	5.95	5.33	4.05	21.08	4.83	9.43	5.2	5.58	- -
EV/EBIT	43.65	15.36	19.85	9.55	12.22	20.24	14.16	10.67	15.37	- -	4.04	12.12	14.25	18.42	- -
Enterprise Value	46	30	34	30	38	37	62	57	57	56	71	134	74	87	-17
Low Price	7.41	8.97	8.68	8.91	9.07	9.43	9.8	12.2	11.83	7.8	11.75	17.35	14.27	17.1	14.39
EV/Sales	1.13	0.66	0.73	0.62	0.73	0.7	1.09	0.97	0.96	1.7	1.17	2	1.2	1.42	- -
EV/EBITDA	15.54	8.07	9.51	5.68	7.03	8.4	8.98	7.22	8.9	55.22	3.47	9.54	8.86	10.45	- -
Price/Earnings	136.2	39.06	42.19	16.16	15.89	10.27	17.4	10.9	20.96	52.94	7	20.2	9.52	48.46	- -
Price/Earnings Average	119.82	45.08	44.01	17.99	16.02	10.67	12.38	11.87	22.51	50.78	6.07	14.78	10.6	50.81	- -
Price/Earnings High	159.73	61.78	49.15	20.88	18.23	11.45	18.79	13.89	27.04	79.61	7.46	21.27	14.54	71.51	- -
Price/Earnings Low	76.11	36.46	35.55	15.45	14.06	9.63	10.49	9.56	19.99	34.5	4.76	11.21	6.65	40.43	- -
Price/Book Value	4.9	3.98	3.9	2.91	2.87	2.42	3.41	2.46	2.14	2.03	2.09	3.35	1.85	1.86	- -
Price/Book Value Average	4.31	4.59	4.07	3.24	2.9	2.52	2.43	2.68	2.29	1.95	1.82	2.45	2.06	1.95	- -
Price/Book Value High	5.74	6.29	4.55	3.75	3.3	2.7	3.69	3.14	2.75	3.06	2.23	3.53	2.82	2.74	- -
Price/Book Value Low	2.74	3.71	3.29	2.78	2.54	2.27	2.06	2.16	2.04	1.32	1.42	1.86	1.29	1.55	- -
Price/Tangible Book Value	1.97	1.48	1.52	1.26	1.31	1.18	1.75	1.33	1.15	1.1	1.28	2.13	1.23	1.22	- -
Price/Tangible Book Value Average	1.73	1.7	1.58	1.4	1.32	1.23	1.24	1.45	1.24	1.05	1.11	1.56	1.37	1.28	- -
Price/Tangible Book Value High	2.31	2.34	1.77	1.62	1.5	1.31	1.89	1.7	1.49	1.65	1.37	2.24	1.88	1.8	- -
Price/Tangible Book Value Low	1.1	1.38	1.28	1.2	1.16	1.11	1.05	1.17	1.1	0.71	0.87	1.18	0.86	1.02	- -
Price/Sales	1.33	0.87	0.92	0.8	0.83	0.82	1.25	1.05	0.96	1.7	1.37	2.27	1.64	1.66	- -
Price/Sales Average	1.17	1.01	0.96	0.89	0.84	0.85	0.89	1.15	1.03	1.63	1.19	1.66	1.82	1.74	- -
Price/Sales High	1.57	1.38	1.07	1.04	0.95	0.92	1.35	1.34	1.24	2.55	1.46	2.39	2.5	2.45	- -
Price/Sales Low	0.75	0.82	0.77	0.77	0.73	0.77	0.75	0.92	0.92	1.11	0.93	1.26	1.14	1.39	- -
Price/Cash Flow	15.74	9.78	12.1	8.49	9.78	8.72	8.64	9.84	8.45	49.75	6.11	13.53	8.72	15.78	- -
Price/Cash Flow Average	13.85	11.29	12.63	9.45	9.86	9.06	6.15	10.72	9.08	47.72	5.31	9.9	9.7	16.55	- -
Price/Cash Flow High	18.46	15.47	14.1	10.97	11.22	9.73	9.33	12.54	10.91	74.81	6.52	14.25	13.31	23.29	- -
Price/Cash Flow Low	8.8	9.13	10.2	8.11	8.66	8.18	5.21	8.63	8.07	32.42	4.16	7.51	6.09	13.17	- -
Price/Free Cash Flow Average	11.59	8.92	5.73	4.25	4.85	4.8	4.24	5.8	4.35	20.22	4.19	6.9	5.79	5.86	- -
Price/Free Cash Flow High	15.44	12.22	6.4	4.93	5.52	5.16	6.43	6.79	5.23	31.71	5.15	9.93	7.94	8.24	- -
Price/Free Cash Flow Low	7.36	7.21	4.63	3.65	4.26	4.34	3.59	4.68	3.87	13.74	3.28	5.24	3.63	4.66	- -
EV/Sales Average	0.97	0.8	0.77	0.71	0.74	0.73	0.73	1.07	1.03	1.63	0.99	1.47	1.47	1.58	- -
EV/Sales High	1.36	1.17	0.88	0.86	0.85	0.8	1.19	1.26	1.24	2.55	1.26	2.2	2.14	2.29	- -
EV/Sales Low	0.54	0.61	0.59	0.59	0.64	0.65	0.6	0.84	0.91	1.11	0.73	1.07	0.79	1.23	- -
EV/EBITDA Average	13.39	9.76	10.08	6.56	7.13	8.84	6.04	7.95	9.58	52.97	2.94	7	10.84	11.64	-1.83
EV/EBITDA High	18.78	14.31	11.54	7.87	8.25	9.59	9.83	9.4	11.52	82.99	3.74	10.47	15.84	16.87	-1.83
EV/EBITDA Low	7.48	7.41	7.67	5.4	6.15	7.84	4.92	6.29	8.51	36.03	2.18	5.08	5.82	9.02	-1.83
EV/EBIT Average	37.62	18.59	21.06	11.02	12.4	21.29	9.53	11.74	16.55	-31.27	3.41	8.89	17.43	20.52	-4.75
EV/EBIT High	52.77	27.25	24.11	13.23	14.34	23.1	15.51	13.88	19.89	-48.99	4.35	13.3	25.49	29.73	-4.75
EV/EBIT Low	21.01	14.12	16.03	9.07	10.69	18.88	7.76	9.28	14.69	-21.27	2.53	6.46	9.36	15.9	-4.75
Last Price	13.26	9.61	10.3	9.32	10.25	10.05	16.25	13.91	12.4	11.97	17.28	31.26	20.43	20.5	15.4
High Price	15.55	15.2	12	12.04	11.76	11.21	17.55	17.72	16	18	18.42	32.92	31.21	30.25	22.07
Enterprise Value Average	39	36	36	35	39	38	42	63	61	54	60	98	90	97	-12
Enterprise Value High	55	53	41	42	45	42	68	75	73	85	76	147	132	141	-12
Enterprise Value Low	22	28	27	28	33	34	34	50	54	37	44	71	48	76	-12

	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
Shares Outstanding	4	4	4	4	4	4	4	5	5	5	5	5	5	5	5
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	5	5	5	5	5	5	5	- -
Basic Weighted Avg Shares	4	4	4	4	4	4	4	4	5	5	5	5	5	5	- -
Revenue per Share	9.94	11.01	11.22	11.59	12.36	12.24	13	13.2	12.89	7.06	12.65	13.77	12.48	12.33	- -
EBITDA per Share	0.72	0.9	0.86	1.26	1.28	1.02	1.58	1.77	1.39	0.22	4.26	2.89	1.69	1.68	- -
Operating Income per Share	0.26	0.47	0.41	0.75	0.74	0.42	1	1.2	0.8	-0.37	3.67	2.27	1.05	0.95	- -
Basic EPS, GAAP	0.1	0.25	0.24	0.58	0.65	0.98	0.93	1.28	0.59	0.23	2.47	1.55	2.15	0.42	- -
Basic EPS from Cont Ops	0.1	0.25	0.24	0.58	0.65	0.98	0.93	1.28	0.59	0.23	2.47	1.55	2.15	0.42	- -
Diluted EPS, GAAP	0.1	0.24	0.24	0.57	0.64	0.97	0.93	1.26	0.59	0.23	2.44	1.54	2.13	0.42	- -
Diluted EPS from Cont Ops	0.1	0.24	0.24	0.57	0.64	0.97	0.93	1.26	0.59	0.23	2.44	1.54	2.13	0.42	- -
Dividend per Share	- -	0.5	- -	- -	0.25	0.3	0.22	0.27	0.28	0.07	- -	0.28	0.28	0.28	- -
Cash Flow per Share	0.84	0.98	0.85	1.1	1.05	1.15	1.88	1.41	1.47	0.24	2.83	2.31	2.34	1.3	- -
Free Cash Flow per Basic Share	0.67	0.71	-0.18	-0.26	-0.04	0.12	1.02	0.19	-0.14	-0.09	2.03	1.28	0.74	-1.1	- -
Cash & Equivalents per Share	2.07	2.32	2.15	2.14	2.01	1.52	2.08	1.14	0.1	- -	2.49	3.71	5.47	3.02	- -
Book Value per Share	2.71	2.42	2.64	3.21	3.57	4.15	4.76	5.65	5.81	5.89	8.26	9.33	11.06	11.04	- -
Tangible Book Value per Share	6.73	6.51	6.79	7.41	7.83	8.53	9.3	10.43	10.76	10.92	13.47	14.66	16.62	16.83	- -

Canterbury Park Holding Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)