Caspian Services, Inc. Financial Ratios — CSSV Stock

Profitability (USD)

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Return on Common Equity (%)	- -	- -	- -	- -	11.68	41.44	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	6.88	-3.85	12.3	0.97	3.61	-21.85	-8.68	-14.58	-13.74	-22.55	-50.77
Return on Capital (%)	- -	23.78	-71.28	102.56	6.57	11.88	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	10.41	-2.37	10.2	-0.12	4.82	- -	- -	- -	- -	- -	- -
Gross Margin (%)	39.19	53	35.75	43.81	39.38	35.9	36.9	42.74	39.94	42.32	40.24	35.95
EBITDA Margin (%)	15.2	24.3	12.17	25.12	12.41	18.87	-10.67	20.44	5.44	8.84	10.51	-11.12
Operating Margin (%)	7.38	17.29	3.74	14.92	-0.59	10.44	-29.41	5.09	-23.44	-6.32	-4.59	-40.6
Incremental Operating Margin (%)	- -	32.91	-12.99	36.94	- -	41.82	- -	573.05	- -	- -	- -	- -
Pretax Margin (%)	3.5	14.02	3.95	22.96	1.82	8.08	-76.2	-19.25	-57.71	-29.57	-63.77	-210.47
Profit Margin (%)	-1.34	9.15	-4.46	14.59	1.48	5.2	-63.75	-19.68	-56.72	-34.89	-55.6	-170.05
Net Income to Common Margin (%)	-1.34	9.15	-4.46	14.59	1.48	5.2	-63.75	-19.68	-56.72	-34.89	-55.6	-170.05
Effective Tax Rate (%)	142.24	36.48	155.15	34.32	71.83	43.41	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	11.68	41.44	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Total Debt	14	- -	2	1	33	60	58	57	60	64	75	82
ST Debt	9	- -	2	1	8	7	58	57	60	64	75	82
LT Debt	4	- -	- -	- -	25	53	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	6.18	0.01	0.43	0.04	3.66	3.26	-11.79	5.7	44.29	21.82	23.93	-44.84
Net Debt/EBITDA	6.01	-0.44	-0.12	-0.91	3.13	1.68	-10.63	5.09	40.87	20.47	23.31	-44.09
Total Debt/EBIT	12.72	0.01	1.38	0.07	-77.03	5.89	-4.28	22.89	-10.27	-30.54	-54.79	-12.28
Net Debt/EBIT	12.39	-0.62	-0.39	-1.53	-65.86	3.04	-3.86	20.43	-9.48	-28.64	-53.37	-12.07
EBITDA to Interest Expense	- -	- -	- -	- -	19.6	7.39	-0.57	1.28	0.2	0.37	0.39	-0.2
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	-70.18	-0.1	-2.04	0.96	-0.07	-0.06	-0.16	-0.22
EBIT to Interest Expense	- -	- -	- -	- -	-0.93	4.09	-1.58	0.32	-0.87	-0.26	-0.17	-0.73
Interest Expense	- -	- -	- -	- -	- -	3	9	8	7	8	8	9
Common Equity/Total Assets	-1.77	2.4	-1.27	9.41	7.48	9.75	-12.46	-23.09	-43.78	-61.88	-99.13	-219.18
Long-Term Debt/Equity (%)	67.45	- -	0.34	- -	30.62	84.33	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	28.72	- -	3.13	- -	54.88	70.78	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	17.53	- -	0.24	- -	18.96	34.82	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	208.79	0.18	5.19	0.86	40.77	95.93	187.07	300.81	2,455.27	-629.86	-218.36	-122.77
Total Debt/Capital (%)	88.89	1.61	47.05	5.19	73.07	80.52	150.12	222.79	487.12	1,420.79	-1,938.31	-284.47
Total Debt/Total Assets (%)	54.27	0.14	3.61	0.74	25.24	39.61	49.61	54.37	68.15	79.26	112.25	190.23
Net Debt to Equity	203.31	-8.51	-1.47	-18.74	34.86	49.53	168.72	268.49	2,265.77	-590.66	-212.68	-120.71
Net Debt/Capital (%)	88.63	-314.59	-33.65	624.31	69.33	68.1	158.78	261.42	720.35	11,512.12	-1,255.38	-266.99
EBITDA	2	6	5	16	9	19	-5	10	1	3	3	-2
EBITDA-CapEx	-2	- -	-8	-1	-32	- -	-18	8	- -	- -	-1	-2
Operating Income (Loss)	1	4	2	10	- -	10	-14	2	-6	-2	-1	-7

Liquidity (USD)

API ChatGPT

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Cash Ratio	0.03	0.32	0.16	1.34	0.2	1.23	0.07	0.07	0.06	0.05	0.02	0.01
Current Ratio	0.44	1.54	1.38	3.63	1.74	2.76	0.39	0.39	0.26	0.24	0.16	0.1
Quick Ratio	0.39	1.03	1.18	3.3	1.3	2.41	0.28	0.29	0.16	0.2	0.13	0.09
CFO/Avg Current Liab	- -	0.05	0.03	0.47	0.03	0.49	-0.05	0.11	0.02	0.02	0.07	0.02
Common Equity/Total Assets	-1.77	2.4	-1.27	9.41	7.48	9.75	-12.46	-23.09	-43.78	-61.88	-99.13	-219.18
Long-Term Debt/Equity (%)	67.45	- -	0.34	- -	30.62	84.33	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	28.72	- -	3.13	- -	54.88	70.78	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	17.53	- -	0.24	- -	18.96	34.82	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	208.79	0.18	5.19	0.86	40.77	95.93	187.07	300.81	2,455.27	-629.86	-218.36	-122.77
Total Debt/Capital (%)	88.89	1.61	47.05	5.19	73.07	80.52	150.12	222.79	487.12	1,420.79	-1,938.31	-284.47
Total Debt/Total Assets (%)	54.27	0.14	3.61	0.74	25.24	39.61	49.61	54.37	68.15	79.26	112.25	190.23
CFO/Total Liabilities	-9.97	6.3	1.98	50.28	1.06	12.62	-3.38	11	1.49	2.13	6.59	1.53
CFO/CapEx	-0.46	0.09	0.03	0.39	0.01	0.6	-0.23	3.77	0.71	0.57	1.51	9.03
Altman's Z-Score	3.77	13	7.01	7.22	1.69	1.5	-0.63	-0.32	-1.37	-1.52	-2.53	-5.96

Working Capital (USD)

API ChatGPT

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Accounts Receivable Turnover	- -	4.78	4.58	4.2	3.58	3.85	2.08	2.91	2.09	3.64	2.78	2.06
Days Sales Outstanding	- -	76.36	79.65	86.86	102.09	94.72	175.18	125.56	174.73	100.37	131.29	176.87
Inventory Turnover	- -	28.45	42.87	43.88	17.77	18.15	11.36	13.59	7.94	12.93	15.46	9.72
Days Inventory Outstanding	- -	12.83	8.51	8.32	20.54	20.11	32.13	26.85	45.98	28.24	23.61	37.55
Accounts Payable Turnover	- -	2.63	4.1	4.62	5.88	5.73	3.41	5.76	4.07	7.61	7.65	4.47
Accounts Payable Turnover Days	- -	138.87	88.92	78.98	62.12	63.7	106.93	63.36	89.59	47.96	47.68	81.75
Cash Conversion Cycle	- -	-49.69	-0.76	16.2	60.51	51.14	100.39	89.04	131.13	80.64	107.22	132.67
Inventory to Cash Days	- -	63.53	71.14	78.54	81.54	74.61	143.05	98.71	128.75	72.13	107.69	139.33
Inventories	- -	- -	1	1	4	3	2	2	2	1	1	1
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	1	1	4	3	2	2	2	1	1	1

Enterprise Value (USD)

API ChatGPT

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Market Capitalization	108	160	189	124	71	19	10	6	1	3	2	1
- Cash & Cash Equivalents	- -	3	3	15	4	29	6	6	5	4	2	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2	2	3	4	2	- -	-5	-7	-9	-10	-13	-16
+ Total Debt	14	- -	2	1	33	60	58	57	60	64	75	82
Enterprise Value	123	159	192	113	102	50	58	50	47	53	62	65
Total Capital	15	3	5	13	45	75	39	26	12	4	-4	-29
Total Debt/Capital (%)	88.89	1.61	47.05	5.19	73.07	80.52	150.12	222.79	487.12	1,420.79	-1,938.31	-284.47
Total Debt / EV	0.11	- -	0.01	0.01	0.32	1.21	1	1.15	1.26	1.21	1.21	1.26
EV/Sales	8.45	6.7	4.46	1.75	1.4	0.51	1.26	1.01	1.92	1.6	2.08	3.95
EV/EBITDA	55.55	27.59	36.67	6.95	11.27	2.69	- -	4.94	35.22	18.08	19.79	- -
EV/EBIT	114.41	38.78	119.22	11.7	- -	4.86	- -	19.84	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	310.85	516.3	16.85	154.24	3.92	10.8	2.68	6.22	5.58	4.26	6.16
EV/Free Cash Flow to Firm	57.34	24.59	13.98	4.72	2.42	1.58	3.23	2.36	5.04	4.11	3.27	6.05
Diluted Market Cap	108	161	189	124	75	24	10	6	1	3	2	1
Diluted Enterprise Value	123	161	192	113	106	55	58	50	47	53	62	65
EV per Share	4	4.5	4.77	2.63	2.01	0.98	1.11	0.95	0.9	1	1.18	1.23
TTM Sales	15	24	43	65	73	98	46	49	25	33	30	16
TTM EBITDA	2	6	5	16	9	19	-5	10	1	3	3	-2
TTM Operating Income	1	4	2	10	- -	10	-14	2	-6	-2	-1	-7
TTM Cash Flow to Firm	-2	1	- -	7	1	13	5	18	8	9	15	11
TTM Free Cash Flow to Firm	2	6	14	24	42	31	18	21	9	13	19	11

Multiples (USD)

API ChatGPT

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y
As of date	12/31/2004	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015

Price/Free Cash Flow	50.12	24.86	13.79	5.18	1.8	0.79	1.08	0.48	0.48	0.48	0.15	0.38
EV/EBIT	114.41	38.78	119.22	11.7	- -	4.86	- -	19.84	- -	- -	- -	- -
Enterprise Value	123	159	192	113	102	50	58	50	47	53	62	65
Low Price	2.5	2.2	4	2.55	1.08	0.09	0.19	0.06	0.02	0.02	0.02	0.01
EV/Sales	8.45	6.7	4.46	1.75	1.4	0.51	1.26	1.01	1.92	1.6	2.08	3.95
EV/EBITDA	55.55	27.59	36.67	6.95	11.27	2.69	- -	4.94	35.22	18.08	19.79	- -
Price/Earnings	- -	73.3	- -	13.14	65.57	3.71	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-602.97	58.18	-101.01	15.39	111.09	3.41	-0.67	-0.8	-0.18	-0.17	-0.1	-0.04
Price/Earnings High	-1,102.7	81.44	-113.4	20.86	166.28	14.02	-1.42	-1.35	-0.41	-0.39	-0.16	-0.06
Price/Earnings Low	-393.82	35.83	-84	11.59	50.59	0.9	-0.33	-0.33	-0.06	-0.1	-0.08	-0.02
Price/Book Value	-240.52	174.96	-241.28	14.31	7.24	1.27	-0.71	-0.24	-0.04	-0.05	-0.02	-0.01
Price/Book Value Average	-263.04	138.87	-246.93	16.77	12.26	1.17	-1.36	-0.32	-0.07	-0.04	-0.03	-0.01
Price/Book Value High	-481.04	194.4	-277.21	22.73	18.35	4.81	-2.86	-0.54	-0.15	-0.09	-0.04	-0.02
Price/Book Value Low	-171.8	85.54	-205.34	12.63	5.58	0.31	-0.66	-0.13	-0.02	-0.02	-0.02	-0.01
Price/Tangible Book Value	17.1	5.93	4.79	1.65	0.94	0.32	0.39	0.31	0.7	-0.24	-0.05	-0.01
Price/Tangible Book Value Average	18.7	4.71	4.9	1.93	1.59	0.3	0.75	0.42	1.21	-0.19	-0.05	-0.02
Price/Tangible Book Value High	34.21	6.59	5.5	2.62	2.39	1.22	1.58	0.7	2.75	-0.43	-0.08	-0.03
Price/Tangible Book Value Low	12.22	2.9	4.08	1.46	0.73	0.08	0.37	0.17	0.37	-0.12	-0.04	-0.01
Price/Sales	7.38	6.71	4.4	1.92	0.97	0.19	0.23	0.12	0.06	0.08	0.05	0.04
Price/Sales Average	8.07	5.32	4.5	2.25	1.65	0.18	0.43	0.16	0.1	0.06	0.06	0.06
Price/Sales High	14.77	7.45	5.06	3.04	2.47	0.73	0.9	0.27	0.23	0.14	0.09	0.1
Price/Sales Low	5.27	3.28	3.74	1.69	0.75	0.05	0.21	0.06	0.03	0.04	0.04	0.04
Price/Cash Flow	-57.8	311.05	509.15	18.49	133.63	1.67	-3.58	0.61	1.16	1.31	0.24	0.42
Price/Cash Flow Average	-63.21	246.88	521.07	21.67	226.38	1.54	-6.79	0.82	2	1.04	0.25	0.63
Price/Cash Flow High	-115.61	345.61	584.98	29.37	338.84	6.33	-14.32	1.38	4.57	2.32	0.39	1
Price/Cash Flow Low	-41.29	152.07	433.32	16.32	103.08	0.41	-3.33	0.34	0.62	0.63	0.2	0.39
Price/Free Cash Flow Average	54.82	19.73	14.11	6.07	3.04	0.73	2.05	0.65	0.83	0.38	0.15	0.57
Price/Free Cash Flow High	100.25	27.62	15.84	8.22	4.55	3	4.32	1.09	1.89	0.84	0.24	0.9
Price/Free Cash Flow Low	35.8	12.15	11.74	4.57	1.39	0.19	1	0.27	0.26	0.23	0.12	0.35
EV/Sales Average	9.14	5.32	4.57	2.07	2.07	0.49	1.46	1.05	1.96	1.58	2.08	3.97
EV/Sales High	15.83	7.45	5.12	2.87	2.89	1.04	1.93	1.16	2.09	1.66	2.11	4.01
EV/Sales Low	6.34	3.27	3.81	1.52	1.18	0.36	1.24	0.96	1.89	1.56	2.07	3.95
EV/EBITDA Average	60.1	21.89	37.52	8.26	16.71	2.61	-13.67	5.14	36.01	17.9	19.81	-35.74
EV/EBITDA High	104.11	30.66	42.06	11.44	23.31	5.54	-18.12	5.67	38.41	18.75	20.11	-36.07
EV/EBITDA Low	41.67	13.48	31.29	6.05	9.48	1.92	-11.62	4.68	34.71	17.63	19.69	-35.51
EV/EBIT Average	123.77	30.77	121.97	13.91	-351.98	4.72	-4.96	20.64	-8.35	-25.06	-45.35	-9.78
EV/EBIT High	214.42	43.09	136.73	19.25	-490.97	10	-6.57	22.77	-8.91	-26.24	-46.05	-9.88
EV/EBIT Low	85.83	18.95	101.71	10.19	-199.58	3.47	-4.22	18.82	-8.05	-24.68	-45.09	-9.72
Last Price	3.5	4.5	4.7	2.89	1.4	0.37	0.2	0.11	0.03	0.05	0.03	0.01
High Price	7	5	5.4	4.59	3.55	1.4	0.8	0.25	0.11	0.08	0.05	0.03
Enterprise Value Average	133	127	196	135	151	48	67	51	48	52	62	65
Enterprise Value High	230	177	220	186	210	103	89	57	52	55	63	66
Enterprise Value Low	92	78	164	99	85	36	57	47	47	52	62	65

Shares Outstanding	50	50	50	50	51	52	52	52	53	53	53	53
Diluted Weighted Avg Shares	31	36	40	43	54	64	52	52	52	53	53	53
Basic Weighted Avg Shares	31	35	40	43	50	51	52	52	52	53	53	53
Revenue per Share	0.47	0.67	1.07	1.51	1.44	1.92	0.89	0.94	0.47	0.63	0.57	0.31
EBITDA per Share	0.07	0.16	0.13	0.38	0.18	0.36	-0.09	0.19	0.03	0.06	0.06	-0.03
Operating Income per Share	0.03	0.12	0.04	0.23	-0.01	0.2	-0.26	0.05	-0.11	-0.04	-0.03	-0.13
Basic EPS, GAAP	-0.01	0.06	-0.05	0.22	0.02	0.1	-0.56	-0.18	-0.27	-0.22	-0.32	-0.53
Basic EPS from Cont Ops	-0.01	0.06	-0.05	0.22	0.01	0.09	-0.65	-0.21	-0.26	-0.18	-0.36	-0.64
Diluted EPS, GAAP	-0.01	0.06	-0.05	0.22	0.02	0.08	-0.56	-0.18	-0.27	-0.22	-0.32	-0.53
Diluted EPS from Cont Ops	-0.01	0.06	-0.05	0.22	0.01	0.07	-0.65	-0.21	-0.26	-0.18	-0.36	-0.64
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.06	0.01	0.01	0.16	0.01	0.22	-0.06	0.18	0.02	0.04	0.13	0.03
Free Cash Flow per Basic Share	-0.19	-0.15	-0.32	-0.25	-0.81	-0.15	-0.3	0.13	-0.01	-0.03	0.04	0.03
Cash & Equivalents per Share	0.01	0.07	0.07	0.36	0.09	0.57	0.11	0.12	0.09	0.08	0.04	0.03
Book Value per Share	-0.01	0.03	-0.02	0.2	0.19	0.29	-0.28	-0.46	-0.73	-0.95	-1.26	-1.79
Tangible Book Value per Share	0.2	0.76	0.98	1.75	1.49	1.14	0.51	0.36	0.04	-0.2	-0.66	-1.27

Caspian Services, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)