Digi International Inc. Financial Ratios — DGII Stock

Profitability	2010 Y	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
Return on Common Equity (%)	10.22	11.31	7.13	5.12	1.49	5.43	12.56	6.44	1.08	6.33	5.05	5.89	10.16	11.64	9.51
Return on Assets (%)	3.4	4	2.64	1.96	0.59	2.23	5.25	2.76	0.45	2.58	1.81	1.81	2.63	2.93	2.73
Return on Capital (%)	10.36	11.37	7.15	5.14	1.5	5.43	12.73	6.47	1.08	6.39	- -	- -	- -	11.02	9.07
Return on Invested Capital (%)	3.43	4.58	3.19	2.03	1.47	3.02	5.04	3.65	0.48	2.65	- -	- -	- -	6.6	6.45
Gross Margin (%)	50.51	52.21	52.65	51.25	49.34	47.64	49.1	48.1	48.06	46.83	51.55	54	55.71	56.69	58.93
EBITDA Margin (%)	10.75	12.92	10.47	8.05	6.34	8.41	11.07	9.34	6.99	9.2	10.96	12.05	17.93	18.89	19.27
Operating Margin (%)	5.2	8.42	6.37	4.02	2.44	5.54	8.79	6.28	1.36	3.93	4.05	5.28	8.25	11.26	11.34
Incremental Operating Margin (%)	26.85	35.66	37.13	-88.74	27.77	33	-779.1	29.87	-18.22	25.27	5.27	17.01	19.75	31.92	9.64
Pretax Margin (%)	5.76	8.09	5.72	4.22	2.76	6.43	8.22	5.27	1.43	4.38	2.67	2.92	4.8	5.6	5.39
Profit Margin (%)	4.9	5.4	4	2.97	0.96	3.23	8.23	5.19	0.72	3.92	3.01	3.36	4.99	5.57	5.31
Net Income to Common Margin (%)	4.9	5.4	4	2.97	0.96	3.23	8.23	5.19	0.72	3.92	3.01	3.36	4.99	5.57	5.31
Effective Tax Rate (%)	15	33.28	30.12	29.53	11.22	28.09	19.25	1.54	49.82	10.65	- -	- -	- -	0.59	1.54
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	10.22	11.31	7.13	5.12	1.49	5.43	12.56	6.44	1.08	6.33	5.05	5.89	10.16	11.64	9.51

Credit	2010 Y	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
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	80	67	258	221	137
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	3	19	19	3
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	75	64	239	202	134
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.6	1.8	3.71	2.63	1.68
Net Debt/EBITDA	-2.6	-2.07	-3.02	-2.63	-4.09	-2.62	-3.37	-4.62	-3.66	-3.97	0.22	-2.87	2.92	2.04	1.17
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.05	4.1	8.06	4.41	2.86
Net Debt/EBIT	-5.37	-3.18	-4.96	-5.26	-10.62	-3.99	-4.24	-6.87	-18.82	-9.29	0.6	-6.54	6.34	3.43	1.99
EBITDA to Interest Expense	142.16	306.6	867.61	374.69	2,323.2	4,287.75	77.2	353.04	634.68	229.23	8.52	26.84	3.53	3.33	5.3
EBITDA-CapEx/Interest Expense	120.6	274.79	695.74	305.98	1,639	3,162.75	67.82	316.1	561	137.71	8.27	25.21	3.43	3.16	5.16
EBIT to Interest Expense	68.73	199.9	527.83	187.14	894	2,823	61.35	237.1	123.32	97.89	3.15	11.77	1.63	1.99	3.12
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	1	20	25	15
Common Equity/Total Assets	34.44	36.27	37.73	38.8	40.67	41.52	42.07	43.69	40.92	40.7	32.29	29.23	23.48	26.96	30.4
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.23	13.58	47.74	37.38	23.13
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.03	25.88	52.2	45.28	34.9
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.36	28.04	24.18	16.49
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.45	14.14	51.47	40.87	23.65
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.82	26.95	56.28	49.51	35.67
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.07	10.78	30.23	26.44	16.86
Net Debt to Equity	-21.18	-20.97	-22.24	-15.07	-17.9	-16.37	-25.24	-24.51	-17.55	-26.59	1.84	-22.57	40.49	31.8	16.47
Net Debt/Capital (%)	-124.27	-113.28	-119.7	-55.06	-67.23	-56.48	-115.24	-107.76	-61.53	-133.57	3.48	-111.7	47.92	41.47	26.75
EBITDA	20	26	20	16	12	17	22	17	16	23	31	37	70	84	82
EBITDA-CapEx	17	24	16	13	8	13	20	15	14	14	30	35	68	80	79
Operating Income (Loss)	9	17	12	8	4	11	18	11	3	10	11	16	32	50	48

Liquidity	2010 Y	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
Cash Ratio	4.06	5.45	6.52	4.15	3.7	3.98	5.63	6.13	1.76	2.09	0.88	2.59	0.36	0.37	0.31
Current Ratio	6.65	8.33	9.54	7	6.79	6.91	8.22	9.7	4.56	4.33	2.78	4.18	1.72	1.93	1.73
Quick Ratio	5.17	6.81	7.87	5.41	5.01	5.17	6.96	7.85	3.16	3.36	1.85	3.33	0.88	1.02	1.09
CFO/Avg Current Liab	0.84	1.06	0.8	0.6	0.08	0.63	1.15	0.12	-0.1	0.72	0.65	0.96	0.49	0.4	0.95
Common Equity/Total Assets	34.44	36.27	37.73	38.8	40.67	41.52	42.07	43.69	40.92	40.7	32.29	29.23	23.48	26.96	30.4
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.23	13.58	47.74	37.38	23.13
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.03	25.88	52.2	45.28	34.9
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.22	10.36	28.04	24.18	16.49
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.45	14.14	51.47	40.87	23.65
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.82	26.95	56.28	49.51	35.67
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.07	10.78	30.23	26.44	16.86
CFO/Total Liabilities	60.95	94.22	68.06	45.74	7.19	55.36	74.96	9.5	-6.67	58.25	21.94	39.26	10.71	12.46	35.5
CFO/CapEx	5.41	7.98	3.83	4.07	0.53	3.13	9.93	1.4	-1.51	3.1	38.35	25.58	19.12	8.46	37.33
Altman's Z-Score	8.4	10.35	9.97	8.93	7.38	9.79	7.87	9.52	8.62	7.81	5.2	5.8	6.12	6.68	4.59

Working Capital	2010 Y	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
Accounts Receivable Turnover	8.47	8.08	7.46	7.59	6.61	7.23	7.19	6.3	5.77	4.79	4.83	5.99	8.24	8.36	6.75
Days Sales Outstanding	43.11	45.16	48.91	48.07	55.2	50.46	50.77	57.91	63.28	76.27	75.57	60.89	44.28	43.67	54.07
Inventory Turnover	3.4	3.86	3.73	3.77	3.23	3.38	3.55	3.33	3.28	3.32	2.96	2.97	2.94	2.61	2.73
Days Inventory Outstanding	107.41	94.52	97.95	96.89	112.86	107.94	102.71	109.6	111.33	109.91	123.19	122.75	124.34	139.84	133.89
Accounts Payable Turnover	13.87	13.63	14.47	12.98	10.12	12.54	12.82	13.24	13.5	7.82	5.97	5.3	7.32	7.83	7.49
Accounts Payable Turnover Days	26.31	26.78	25.22	28.13	36.08	29.11	28.46	27.56	27.04	46.68	61.1	68.82	49.84	46.63	48.76
Cash Conversion Cycle	124.21	112.91	121.63	116.83	131.98	129.29	125.02	139.95	147.56	139.5	137.67	114.81	118.78	136.89	139.2
Inventory to Cash Days	-64.3	-49.36	-49.04	-48.82	-57.66	-57.48	-51.95	-51.69	-48.04	-33.64	-47.62	-61.86	-80.06	-96.17	-79.81
Inventories	27	24	24	26	31	32	26	30	42	40	52	44	73	74	53
Raw Materials	22	19	18	21	26	26	21	24	22	12	14	27	39	30	19
Work In Process	- -	1	- -	- -	- -	1	1	- -	1	1	- -	- -	1	- -	- -
Finished Goods	4	4	6	5	5	5	4	6	19	27	38	17	33	44	35
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2010 Y	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
Market Capitalization	236	278	262	259	190	291	294	280	364	380	451	675	1,211	967	- -
- Cash & Cash Equivalents	51	55	60	41	47	45	76	78	58	93	54	152	35	32	28
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	80	67	258	221	137
Enterprise Value	148	172	143	171	110	198	160	170	302	287	476	589	1,434	1,156	110
Total Capital	92	103	111	116	118	125	141	151	152	162	250	248	459	446	385
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.82	26.95	56.28	49.51	35.67
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.17	0.11	0.18	0.19	1.25
EV/Sales	0.81	0.84	0.75	0.88	0.6	0.97	0.79	0.94	1.33	1.13	1.71	1.91	3.69	2.6	0.26
EV/EBITDA	7.56	6.53	7.16	10.86	9.44	11.57	7.1	10.03	19	12.29	15.57	15.85	20.61	13.76	1.34
EV/EBIT	15.64	10.02	11.77	21.75	24.54	17.57	8.94	14.93	97.8	28.77	42.14	36.16	44.79	23.08	2.28
EV/Cash Flow to Firm	9.15	7.87	9.44	14.52	60.49	14.09	5.84	67.38	- -	9.89	12.37	9.94	24.63	18.7	1.12
EV/Free Cash Flow to Firm	7.73	6.99	7.48	11.66	20.96	10.68	5.31	39.57	- -	7.48	12.08	9.57	23.82	17.47	1.09
Diluted Market Cap	239	284	266	262	193	297	300	287	372	389	462	702	1,244	995	- -
Diluted Enterprise Value	188	229	205	221	145	252	224	209	314	296	487	616	1,468	1,185	110
EV per Share	5.97	6.8	5.55	6.59	4.33	8.05	6.19	6.43	11.13	10.29	16.52	18.35	40.94	32.28	- -
TTM Sales	183	204	191	195	183	204	203	181	227	254	279	309	388	445	424
TTM EBITDA	20	26	20	16	12	17	22	17	16	23	31	37	70	84	82
TTM Operating Income	9	17	12	8	4	11	18	11	3	10	11	16	32	50	48
TTM Cash Flow to Firm	16	22	15	12	2	14	27	3	-3	29	39	59	58	62	98
TTM Free Cash Flow to Firm	19	25	19	15	5	19	30	4	-1	38	39	62	60	66	100

Multiples		2010 Y	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
Price/Earnings

Digi International Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples