Avantor, Inc. Financial Ratios — AVG Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	3.32	20.89	16.46	6.35	12.69	-9.2
Return on Assets (%)	- -	- -	-0.85	0.38	1.18	4.81	5.02	2.43	5.67	-4.44
Return on Capital (%)	- -	- -	- -	7.81	- -	7.86	8.06	4.96	8.59	- -
Return on Invested Capital (%)	- -	- -	- -	9	- -	7.89	8.17	4.98	8.72	- -
Gross Margin (%)	46.25	34.7	31.03	31.8	32.54	33.88	34.65	33.93	33.6	32.65
EBITDA Margin (%)	10.15	-8.91	13.95	15.74	17.24	18.3	20.44	15.77	21.97	2.5
Operating Margin (%)	1.43	-16.87	7.05	9.14	11.05	13.16	15.04	12.3	9.41	8.3
Incremental Operating Margin (%)	- -	- -	13.51	78.58	43.87	26.74	125.1	50.07	119.28	40.75
Pretax Margin (%)	-10.21	-36.89	-1.94	0.67	0.97	10.19	11.33	5.89	12.59	-6.74
Profit Margin (%)	-6.13	-9.03	-1.48	0.63	1.82	7.75	9.14	4.61	10.49	-8.09
Net Income to Common Margin (%)	-6.13	-9.03	-6.08	-1.9	0.81	6.88	8.82	4.61	10.49	-8.09
Effective Tax Rate (%)	- -	- -	- -	6.9	- -	23.96	19.34	21.78	16.68	- -
Dvd Payout Ratio (%)	-133.36	-956.66	75.62	105.67	- -	- -	1.24	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	3.32	20.89	16.25	6.35	12.69	-9.2

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
ST Debt	- -	109	142	94	26	45	364	260	821	31
LT Debt	- -	7,009	6,782	5,023	4,868	6,978	5,923	5,277	3,235	3,916
Total Debt/EBITDA	- -	-64.01	8.46	5.38	4.44	5.2	4.09	5.04	2.72	24.06
Net Debt/EBITDA	- -	-62.34	8.24	5.19	4.18	4.97	3.85	4.8	2.55	21.83
Total Debt/EBIT	- -	-33.83	16.75	9.27	6.92	7.22	5.56	7.95	3.74	-16.03
Net Debt/EBIT	- -	-32.95	16.3	8.93	6.52	6.91	5.23	7.57	3.5	-14.54
EBITDA to Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBITDA-CapEx/Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBIT to Interest Expense	0.12	-1.05	0.79	1.25	2.3	4.47	4.25	3.01	2.92	3.2
Interest Expense	80	201	524	440	308	217	266	285	219	170
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
Net Debt to Equity	- -	-264.58	-220.86	200.22	172.28	160.15	121.81	100.4	63.69	64.35
Net Debt/Capital (%)	- -	160.76	182.74	66.69	63.27	61.56	54.92	50.1	38.91	39.15
EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
EBITDA-CapEx	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
Operating Income (Loss)	10	-210	414	552	707	972	1,130	857	638	544

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.17	0.17	0.17	0.23	0.21	0.22	0.18	0.13	0.26
Current Ratio	- -	1.66	1.73	1.88	1.8	1.71	1.6	1.61	1.07	1.78
Quick Ratio	- -	0.96	1.02	1.09	1.13	1.05	0.96	0.95	0.65	1.04
CFO/Avg Current Liab	- -	- -	0.18	0.33	0.8	0.71	0.54	0.55	0.48	0.37
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
CFO/Total Liabilities	- -	-1.28	1.55	4.84	12.86	9.83	9.8	11.27	13.65	10.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	3.97	4.53	5.22	4.81	4.93	5.17	4.05

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	6.49	6.29	6.08	6.33	6.16	5.88	6.21	6.21
Days Sales Outstanding	- -	- -	56.21	58.01	60	57.7	59.29	62.04	58.78	58.75
Inventory Turnover	- -	- -	5.92	5.96	5.95	6.06	5.5	5.29	5.78	5.7
Days Inventory Outstanding	- -	- -	61.65	61.24	61.39	60.23	66.37	69.05	63.19	64.09
Accounts Payable Turnover	- -	- -	7.31	7.44	7.01	7	6.54	6.53	6.84	6.41
Accounts Payable Turnover Days	- -	- -	49.9	49.03	52.09	52.18	55.78	55.91	53.36	56.97
Cash Conversion Cycle	- -	- -	67.95	70.21	69.3	65.76	69.88	75.18	68.61	65.87
Inventory to Cash Days	- -	- -	-5.44	-3.23	-1.38	-2.52	-7.08	-7	-4.41	-5.35
Inventories	- -	695	671	711	740	872	914	828	732	818
Raw Materials	- -	87	105	125	123	156	181	167	149	152
Work In Process	- -	30	34	37	38	50	59	66	65	65
Finished Goods	- -	578	532	550	579	666	673	595	517	602
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	10,266	15,273	25,142	14,038	15,431	14,316	7,653
- Cash & Cash Equivalents	- -	185	185	187	287	302	373	263	262	365
+ Preferred Equity and Hybrid Capital	- -	- -	- -	1,004	1,004	1,004	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
Enterprise Value	- -	- -	- -	16,200	20,884	32,867	19,952	20,704	18,110	11,233
Total Capital	- -	4,498	3,873	7,579	7,568	11,220	11,143	10,789	10,013	9,511
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt / EV	- -	- -	- -	0.32	0.23	0.21	0.32	0.27	0.22	0.35
EV/Sales	- -	- -	- -	2.68	3.27	4.45	2.66	2.97	2.67	1.71
EV/EBITDA	- -	- -	- -	17.04	18.95	24.32	12.99	18.84	12.15	68.5
EV/EBIT	- -	- -	- -	29.36	29.55	33.81	17.65	29.73	16.69	- -
EV/Cash Flow to Firm	- -	- -	- -	21.21	- -	29.37	18.86	18.95	17.7	- -
EV/Free Cash Flow to Firm	- -	- -	- -	21.21	- -	29.37	18.86	18.95	17.7	- -
Diluted Market Cap	- -	- -	- -	7,191	15,360	24,726	14,144	15,472	14,339	7,637
Diluted Enterprise Value	- -	- -	- -	13,124	20,971	32,451	20,058	20,745	18,133	11,218
EV per Share	- -	- -	- -	28.28	36	53.91	29.59	30.6	26.6	16.47
TTM Sales	691	1,247	5,864	6,040	6,394	7,386	7,512	6,967	6,784	6,552
TTM EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
TTM Operating Income	10	-210	414	552	707	972	1,130	857	638	544
TTM Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -
TTM Free Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	20.31	16.52	25.93	16.77	17.78	17.05	12.24
EV/EBIT	- -	- -	- -	29.36	29.55	33.81	17.65	29.73	16.69	- -
Enterprise Value	- -	- -	- -	16,200	20,884	32,867	19,952	20,704	18,110	11,233
Low Price	- -	- -	- -	13.6	7.84	26.22	18.54	16.99	19.41	10.58
EV/Sales	- -	- -	- -	2.68	3.27	4.45	2.66	2.97	2.67	1.71
EV/EBITDA	- -	- -	- -	17.04	18.95	24.32	12.99	18.84	12.15	68.5
Price/Earnings	- -	- -	- -	- -	291.79	47.93	20.46	47.98	20.09	- -
Price/Earnings Average	- -	- -	- -	- -	216.4	40.33	27.9	44.43	22.44	- -
Price/Earnings High	- -	- -	- -	- -	307.32	51.32	40.88	52.83	26.28	- -
Price/Earnings Low	- -	- -	- -	- -	86.86	30.48	18.23	35.74	18.54	- -
Price/Book Value	- -	- -	- -	7.04	9.14	7.87	2.89	2.94	2.4	1.38
Price/Book Value Average	- -	- -	- -	6.46	6.78	6.62	3.94	2.72	2.69	1.75
Price/Book Value High	- -	- -	- -	7.41	9.63	8.43	5.78	3.23	3.14	2.76
Price/Book Value Low	- -	- -	- -	5.34	2.72	5.01	2.58	2.19	2.22	1.3
Price/Tangible Book Value	- -	- -	- -	-1.86	-2.92	-3.45	-2.85	-3.64	-4.87	-2.93
Price/Tangible Book Value Average	- -	- -	- -	-1.7	-2.16	-2.9	-3.88	-3.37	-5.44	-3.73
Price/Tangible Book Value High	- -	- -	- -	-1.95	-3.07	-3.69	-5.69	-4.01	-6.37	-5.88
Price/Tangible Book Value Low	- -	- -	- -	-1.41	-0.87	-2.19	-2.54	-2.71	-4.49	-2.76
Price/Sales	- -	- -	- -	1.19	2.37	3.3	1.8	2.21	2.11	1.17
Price/Sales Average	- -	- -	- -	1.09	1.76	2.77	2.46	2.05	2.35	1.49
Price/Sales High	- -	- -	- -	1.25	2.5	3.53	3.6	2.43	2.76	2.34
Price/Sales Low	- -	- -	- -	0.9	0.71	2.1	1.61	1.65	1.94	1.1
Price/Cash Flow	- -	- -	- -	20.31	16.32	25.54	16.06	17.71	17	12.24
Price/Cash Flow Average	- -	- -	- -	18.63	12.1	21.49	21.9	16.4	18.99	15.61
Price/Cash Flow High	- -	- -	- -	21.38	17.19	27.34	32.09	19.5	22.24	24.59
Price/Cash Flow Low	- -	- -	- -	15.42	4.86	16.24	14.31	13.19	15.68	11.54
Price/Free Cash Flow Average	- -	- -	- -	18.63	12.25	21.82	22.86	16.47	19.05	15.61
Price/Free Cash Flow High	- -	- -	- -	21.38	17.4	27.76	33.5	19.58	22.31	24.59
Price/Free Cash Flow Low	- -	- -	- -	15.42	4.92	16.49	14.93	13.24	15.74	11.54
EV/Sales Average	- -	- -	- -	2.54	2.65	3.91	3.34	2.81	2.92	2.04
EV/Sales High	- -	- -	- -	2.77	3.39	4.69	4.52	3.2	3.32	2.89
EV/Sales Low	- -	- -	- -	2.27	1.59	3.21	2.45	2.41	2.51	1.65
EV/EBITDA Average	- -	- -	- -	16.14	15.37	21.37	16.32	17.8	13.28	81.34
EV/EBITDA High	- -	- -	- -	17.61	19.69	25.64	22.12	20.26	15.11	115.55
EV/EBITDA Low	- -	- -	- -	14.44	9.22	17.55	11.99	15.26	11.41	65.84
EV/EBIT Average	- -	- -	- -	27.82	23.96	29.71	22.17	28.09	18.24	- -
EV/EBIT High	- -	- -	- -	30.33	30.7	35.64	30.05	31.97	20.76	- -
EV/EBIT Low	- -	- -	- -	24.87	14.37	24.39	16.3	24.07	15.68	- -
Last Price	- -	- -	- -	17.92	26.33	41.24	20.82	22.81	21.03	11.22
High Price	- -	- -	- -	18.86	27.73	44.15	41.6	25.11	27.51	22.54
Enterprise Value Average	- -	- -	- -	15,348	16,938	28,879	25,056	19,560	19,789	13,339
Enterprise Value High	- -	- -	- -	16,739	21,697	34,645	33,963	22,263	22,523	18,950
Enterprise Value Low	- -	- -	- -	13,725	10,158	23,711	18,419	16,766	17,005	10,797

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	534	426	426	573	580	610	674	677	681	682
Diluted Weighted Avg Shares	491	497	497	401	583	600	679	678	682	681
Basic Weighted Avg Shares	491	497	497	401	576	591	651	676	680	681
Revenue per Share	1.41	2.51	11.81	15.06	11.09	12.51	11.54	10.31	9.98	9.63
EBITDA per Share	0.14	-0.22	1.65	2.37	1.91	2.29	2.36	1.63	2.19	0.24
Operating Income per Share	0.02	-0.42	0.83	1.38	1.23	1.65	1.74	1.27	0.94	0.8
Basic EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.86	1.02	0.48	1.05	-0.78
Basic EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.97	1.05	0.48	1.05	-0.78
Diluted EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.85	0.97	0.47	1.04	-0.78
Diluted EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.95	1.01	0.47	1.04	-0.78
Dividend per Share	0.32	3.43	- -	0.08	0.11	0.11	0.05	- -	- -	- -
Cash Flow per Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Free Cash Flow per Basic Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Cash & Equivalents per Share	- -	0.43	0.43	0.33	0.49	0.49	0.55	0.39	0.38	0.54
Book Value per Share	- -	-6.14	-7.16	2.55	2.88	5.24	7.2	7.76	8.75	8.16
Tangible Book Value per Share	- -	-24.52	-24.39	-9.66	-9.03	-11.95	-7.31	-6.27	-4.32	-3.84