Electromed, Inc. Financial Ratios — ELMD Stock

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 (%)	75.55	9.2	-91.26	- -	- -	129.95	56.82	28.89	22.97	35.6	16.42	14.93	18.22	24.16	33.48
Return on Assets (%)	6.03	0.89	-6.91	-7.73	6.58	11.65	10.22	7.26	6.97	13.28	6.71	5.87	7.26	10.51	14.22
Return on Capital (%)	21.94	4.66	- -	- -	88.29	77.63	44.6	24.54	21.59	35.6	16.42	14.93	18.22	24.16	33.48
Return on Invested Capital (%)	7.82	1.4	- -	- -	8	13.8	11.95	8.19	7.67	14.47	7.45	6.84	8.61	11.64	16.1
Gross Margin (%)	72.5	72.45	69.18	68.66	70.07	77.75	79.53	76.92	76.19	77.61	76.36	75.47	75.98	76.26	78.08
EBITDA Margin (%)	12.21	5.83	-8.19	-0.29	10.54	16.74	16.72	12.37	12	18.04	10.49	8.64	9.61	13.56	16.92
Operating Margin (%)	9.84	3.11	-12.1	-4.78	6.75	13.52	13.8	9.58	9.04	15.76	8.78	7.13	8.34	12.03	15.09
Incremental Operating Margin (%)	1.57	-242.54	- -	- -	52.31	50.2	16.03	-35.04	3.92	195.38	-60.21	-2.85	16.17	38.7	33.16
Pretax Margin (%)	8.83	2.24	-12.87	-5.29	6.31	13.23	13.61	9.65	9.33	16.13	8.86	7.19	8.5	12.86	16.07
Profit Margin (%)	5.55	0.96	-8.8	-8.32	5.63	9.62	8.62	6.47	6.33	12.81	6.61	5.53	6.59	9.41	11.78
Net Income to Common Margin (%)	5.55	0.96	-8.8	-8.32	5.63	9.62	8.62	6.47	6.33	12.81	6.61	5.53	6.59	9.41	11.78
Effective Tax Rate (%)	37.11	57.36	- -	- -	10.78	27.28	36.65	32.98	32.19	20.58	25.42	23.09	22.52	26.81	26.71
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	75.55	9.2	-91.26	- -	- -	129.95	56.82	28.89	22.97	35.6	16.42	14.93	18.22	24.16	33.48

Credit (USD)

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	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	4	3	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -
ST Debt	2	2	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -
LT Debt	2	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	1.63	3	-1.12	-28.81	0.61	0.31	0.27	0.31	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.13	1.5	-0.72	4.55	-1.15	-1.02	-1.02	-1.81	-2.08	-1.79	-3.17	-2.26	-1.6	-2.17	-1.41
Total Debt/EBIT	2.03	5.63	-0.76	-1.75	0.95	0.38	0.32	0.41	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.16	2.82	-0.49	0.28	-1.79	-1.26	-1.24	-2.34	-2.76	-2.05	-3.79	-2.74	-1.84	-2.44	-1.58
EBITDA to Interest Expense	11.47	6.43	-9.26	-0.49	23.88	48.42	64.63	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	5.9	1.61	-17.15	-10.78	16.59	41.13	54.36	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	9.25	3.42	-13.68	-8.1	15.29	39.13	53.34	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.27	10.14	4.51	-3.15	3.42	13.65	21.85	27.88	32.67	41.42	40.44	38.35	41.22	45.48	39.53
Long-Term Debt/Equity (%)	10.76	9.22	9.57	9.84	8.64	7.01	5.75	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	27.64	25.12	61.07	156.22	65.1	28.65	17.73	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	7.58	6.64	7.59	7.92	6.91	5.57	4.76	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	25.76	22.63	9.98	10.2	8.99	7.29	6.02	4.87	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	66.2	61.67	63.71	162.01	67.73	29.8	18.55	12.6	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	18.15	16.31	7.92	8.22	7.19	5.8	4.98	4.02	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-2.06	11.34	6.36	-1.61	-16.86	-24.03	-23.21	-28.13	-30.34	-34.64	-36.68	-23.86	-19.57	-36.1	-35.38
Net Debt/Capital (%)	-18.59	44.63	52.82	29.23	134.04	350.45	-721.92	-496.1	-434.2	-318.41	-381.3	-105.72	-64.07	-209.51	-255.59
EBITDA	2	1	-1	- -	2	4	4	4	4	6	4	4	5	7	11
EBITDA-CapEx	1	- -	-2	-1	1	3	4	3	2	5	3	4	5	7	11
Operating Income (Loss)	2	1	-2	-1	1	3	4	3	3	5	3	3	4	7	10

Liquidity (USD)

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	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	0.93	0.41	0.23	0.83	1.58	1.67	1.92	1.55	2.14	3.51	2.56	1.14	0.92	2.09	1.46
Current Ratio	3.77	3.91	5.66	5.84	5.52	5.15	6.38	4.85	6.72	9.38	6.83	4.83	4.69	5.75	4.31
Quick Ratio	3.1	3.09	4.58	4.39	4.44	4.21	5.36	4.17	5.91	8.23	6.32	4.12	3.97	5.23	3.95
CFO/Avg Current Liab	-0.32	-0.27	0.59	1.03	1.36	0.81	0.4	0.63	0.61	1.26	0.81	-0.12	0.17	1.15	1.26
Common Equity/Total Assets	9.27	10.14	4.51	-3.15	3.42	13.65	21.85	27.88	32.67	41.42	40.44	38.35	41.22	45.48	39.53
Long-Term Debt/Equity (%)	10.76	9.22	9.57	9.84	8.64	7.01	5.75	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	27.64	25.12	61.07	156.22	65.1	28.65	17.73	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	7.58	6.64	7.59	7.92	6.91	5.57	4.76	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	25.76	22.63	9.98	10.2	8.99	7.29	6.02	4.87	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	66.2	61.67	63.71	162.01	67.73	29.8	18.55	12.6	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	18.15	16.31	7.92	8.22	7.19	5.8	4.98	4.02	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	-22.96	-20.06	51.71	67.3	79.88	51.36	29.83	50.84	70.66	140.1	65.57	-9.54	16.16	117.92	107.55
CFO/CapEx	-1.26	-1.37	1.78	2.2	4.45	3.74	1.73	4.27	1.87	4.29	6.87	- -	- -	- -	- -
Altman's Z-Score	4.67	3.72	3.06	3.8	4.83	7.13	9.62	8.17	10.15	28.93	15.09	9.42	9.41	13.02	13.71

Working Capital (USD)

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	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	2.35	1.91	1.52	2	2.98	3.25	2.95	2.6	2.55	2.53	2.39	2.19	2.13	2.31	2.67
Days Sales Outstanding	155.29	191.09	240.02	182.66	122.3	112.16	123.93	140.3	143.27	144.45	152.98	166.84	171.55	158.31	136.86
Inventory Turnover	3.14	2.53	2.47	2.69	2.7	2.25	2.1	2.59	2.92	2.55	3.25	3.86	3.12	3.27	4
Days Inventory Outstanding	116.17	144.13	147.87	135.92	135.35	162.41	173.78	140.95	125.12	143.24	112.27	94.53	116.93	111.45	91.2
Accounts Payable Turnover	5.69	7.97	5.23	11.15	12.28	9.8	8.58	8.77	10.86	13.54	12.05	11.59	9.56	10.48	7.41
Accounts Payable Turnover Days	64.19	45.77	69.83	32.74	29.72	37.26	42.56	41.63	33.61	26.96	30.28	31.48	38.16	34.83	49.28
Cash Conversion Cycle	207.28	289.46	318.06	285.84	227.93	237.31	255.16	239.61	234.78	260.73	234.98	229.88	250.31	234.93	178.78
Inventory to Cash Days	39.11	46.97	92.15	46.74	-13.05	-50.25	-49.86	-0.65	18.15	1.21	40.71	72.31	54.62	46.86	45.65
Inventories	2	2	1	2	2	2	3	2	3	3	2	3	4	4	3
Raw Materials	1	1	1	1	2	2	2	1	2	2	2	3	3	3	2
Work In Process	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1	1	- -	1	- -	1	1	1	1	1	- -	- -	- -	1	1
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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	26	17	10	12	15	31	45	44	45	129	97	82	91	129	186
- Cash & Cash Equivalents	4	2	1	2	4	5	6	7	8	10	12	8	7	16	15
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	4	3	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	25	19	11	11	13	27	41	38	37	119	85	74	83	113	171
Total Capital	6	6	2	1	2	4	6	9	10	14	15	16	19	24	21
Total Debt/Capital (%)	66.2	61.67	63.71	162.01	67.73	29.8	18.55	12.6	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	0.15	0.18	0.12	0.11	0.1	0.04	0.03	0.03	- -	- -	- -	- -	- -	- -	- -
EV/Sales	1.34	0.96	0.74	0.73	0.65	1.19	1.58	1.35	1.2	3.66	2.37	1.76	1.73	2.06	2.67
EV/EBITDA	10.99	16.45	- -	- -	6.19	7.14	9.42	10.89	9.98	20.28	22.62	20.42	18.02	15.17	15.75
EV/EBIT	13.63	30.9	- -	- -	9.67	8.84	11.41	14.06	13.24	23.22	27.01	24.73	20.78	17.11	17.66
EV/Cash Flow to Firm	- -	- -	5.69	5.12	4.43	12.35	33.03	15.61	14.46	28.32	27.57	- -	63.33	12.42	14.98
EV/Free Cash Flow to Firm	- -	- -	3.7	3.59	3.64	9.8	21.21	12.65	9.42	22.97	24.06	- -	63.33	12.42	14.98
Diluted Market Cap	26	17	10	12	15	32	47	47	47	136	101	85	93	133	196
Diluted Enterprise Value	26	19	11	11	13	28	42	40	39	125	89	76	86	117	181
EV per Share	3.26	2.31	1.38	1.39	1.56	3.38	4.99	4.65	4.51	14.14	9.9	8.68	9.84	13.15	20.18
TTM Sales	19	20	15	15	19	23	26	28	31	32	36	42	48	55	64
TTM EBITDA	2	1	-1	- -	2	4	4	4	4	6	4	4	5	7	11
TTM Operating Income	2	1	-2	-1	1	3	4	3	3	5	3	3	4	7	10
TTM Cash Flow to Firm	-1	-1	2	2	3	2	1	2	3	4	3	-1	1	9	11
TTM Free Cash Flow to Firm	- -	- -	3	3	3	3	2	3	4	5	4	-1	1	9	11

Multiples (USD)

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	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	-89.35	-53.57	3.52	3.83	4.43	11.59	24.91	15.5	11.82	26.26	28.54	-123.22	70.86	14.69	17.21
EV/EBIT	13.63	30.9	- -	- -	9.67	8.84	11.41	14.06	13.24	23.22	27.01	24.73	20.78	17.11	17.66
Enterprise Value	25	19	11	11	13	27	41	38	37	119	85	74	83	113	171
Low Price	2.94	1.93	1.11	0.9	1.23	1.55	3.38	4.6	4.66	5.18	8.1	9.1	8.75	8.8	13.74
EV/Sales	1.34	0.96	0.74	0.73	0.65	1.19	1.58	1.35	1.2	3.66	2.37	1.76	1.73	2.06	2.67
EV/EBITDA	10.99	16.45	- -	- -	6.19	7.14	9.42	10.89	9.98	20.28	22.62	20.42	18.02	15.17	15.75
Price/Earnings	24.44	91.24	- -	- -	13.74	14.19	20.26	24.29	22.86	31.08	40.95	35.43	28.63	24.99	24.67
Price/Earnings Average	25.58	138.62	-9.41	-8.23	14.93	10.26	16.44	26.95	23.37	18.91	40.7	44.18	28.47	20.65	26.08
Price/Earnings High	32.21	195.08	-14.12	-22.04	21.1	19.12	22.93	35.68	30.75	39.85	67.78	50.9	37	30.92	39.89
Price/Earnings Low	21.8	83.86	-6.78	-5.68	9.14	5.7	12.38	20.62	19.55	10.46	29.38	33.44	23.39	14.63	15.41
Price/Book Value	13.33	8.03	13.01	-23.2	25.19	11.18	8.96	5.83	4.71	9.39	6.44	5.15	4.8	5.42	8.74
Price/Book Value Average	13.96	12.19	15.79	-21.35	27.37	8.08	7.27	6.46	4.82	5.72	6.41	6.42	4.77	4.48	9.24
Price/Book Value High	17.58	17.16	23.7	-57.18	38.67	15.06	10.15	8.56	6.34	12.04	10.67	7.4	6.2	6.7	14.14
Price/Book Value Low	11.9	7.38	11.37	-14.73	16.75	4.49	5.48	4.94	4.03	3.16	4.62	4.86	3.92	3.17	5.46
Price/Tangible Book Value	1.91	1.22	0.8	0.99	1.16	2.03	2.46	2.03	1.8	4.36	3.05	2.43	2.45	2.93	4.44
Price/Tangible Book Value Average	2	1.86	0.97	0.91	1.26	1.47	2	2.25	1.84	2.65	3.03	3.03	2.43	2.42	4.69
Price/Tangible Book Value High	2.52	2.62	1.46	2.43	1.78	2.74	2.79	2.98	2.42	5.59	5.04	3.49	3.16	3.63	7.18
Price/Tangible Book Value Low	1.71	1.13	0.7	0.63	0.77	0.82	1.5	1.72	1.54	1.47	2.19	2.3	2	1.72	2.77
Price/Sales	1.36	0.87	0.68	0.74	0.77	1.37	1.75	1.57	1.45	3.98	2.7	1.96	1.89	2.35	2.9
Price/Sales Average	1.42	1.32	0.83	0.68	0.84	0.99	1.42	1.74	1.48	2.42	2.69	2.44	1.88	1.94	3.07
Price/Sales High	1.79	1.86	1.24	1.83	1.19	1.84	1.98	2.31	1.95	5.11	4.48	2.82	2.44	2.91	4.7
Price/Sales Low	1.21	0.8	0.6	0.47	0.51	0.55	1.07	1.33	1.24	1.34	1.94	1.85	1.54	1.38	1.81
Price/Cash Flow	-18.23	-14.53	5.49	5.57	5.4	14.49	37.92	18.21	17.48	30.82	31.43	-119.04	68.93	14.19	16.32
Price/Cash Flow Average	-19.08	-22.08	6.66	5.13	5.86	10.48	30.77	20.2	17.87	18.76	31.24	-148.44	68.54	11.73	17.25
Price/Cash Flow High	-24.03	-31.07	10	13.74	8.29	19.52	42.93	26.75	23.51	39.51	52.03	-171.03	89.08	17.56	26.39
Price/Cash Flow Low	-16.26	-13.35	4.8	3.54	3.59	5.82	23.18	15.46	14.95	10.37	22.55	-112.37	56.32	8.31	10.2
Price/Free Cash Flow Average	-93.53	-81.39	4.27	3.53	4.81	8.38	20.21	17.19	12.09	15.98	28.37	-153.65	70.46	12.14	18.19
Price/Free Cash Flow High	-117.79	-114.54	6.41	9.44	6.8	15.62	28.2	22.77	15.9	33.66	47.25	-177.04	91.57	18.18	27.82
Price/Free Cash Flow Low	-79.72	-49.24	3.07	2.43	2.94	4.66	15.23	13.16	10.11	8.84	20.48	-116.32	57.9	8.6	10.75
EV/Sales Average	1.4	1.41	0.89	0.67	0.72	0.82	1.25	1.52	1.23	2.1	2.36	2.25	1.72	1.65	2.83
EV/Sales High	1.77	1.95	1.3	1.82	1.07	1.67	1.81	2.08	1.7	4.78	4.15	2.62	2.28	2.62	4.46
EV/Sales Low	1.19	0.89	0.65	0.46	0.39	0.38	0.9	1.11	0.99	1.02	1.61	1.65	1.39	1.08	1.58
EV/EBITDA Average	11.51	24.21	-10.82	-230.9	6.82	4.88	7.45	12.27	10.24	11.64	22.46	26.02	17.91	12.16	16.73
EV/EBITDA High	14.53	33.46	-15.88	-625.91	10.12	9.97	10.8	16.84	14.14	26.51	39.52	30.33	23.75	19.29	26.34
EV/EBITDA Low	9.79	15.24	-7.99	-157.84	3.73	2.26	5.36	8.97	8.23	5.64	15.33	19.15	14.43	7.99	9.31
EV/EBIT Average	14.28	45.48	-7.33	-14.04	10.66	6.04	9.03	15.85	13.59	13.33	26.83	31.52	20.65	13.71	18.76
EV/EBIT High	18.02	62.86	-10.76	-38.07	15.8	12.34	13.09	21.74	18.76	30.35	47.2	36.73	27.39	21.76	29.54
EV/EBIT Low	12.14	28.63	-5.41	-9.6	5.83	2.79	6.49	11.58	10.92	6.46	18.31	23.2	16.64	9.01	10.44
Last Price	3.3	2.1	1.27	1.42	1.85	3.86	5.53	5.42	5.45	15.39	11.29	9.64	10.71	15.03	21.99
High Price	4.35	4.49	2.31	3.5	2.84	5.2	6.26	7.96	7.33	19.73	18.69	13.85	13.84	18.6	35.56
Enterprise Value Average	27	28	13	10	14	19	32	43	38	68	84	94	83	90	181
Enterprise Value High	34	38	20	28	21	38	47	59	53	155	148	109	110	143	285
Enterprise Value Low	23	17	10	7	8	9	23	31	31	33	57	69	67	59	101

	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	8	8	8	8	8	8	8	8	8	9	9	8	9	9	8
Diluted Weighted Avg Shares	8	8	8	8	8	8	8	9	9	9	9	9	9	9	9
Basic Weighted Avg Shares	8	8	8	8	8	8	8	8	8	8	9	8	8	9	8
Revenue per Share	2.43	2.41	1.86	1.91	2.39	2.83	3.17	3.45	3.77	3.86	4.17	4.92	5.68	6.39	7.57
EBITDA per Share	0.3	0.14	-0.15	-0.01	0.25	0.47	0.53	0.43	0.45	0.7	0.44	0.42	0.55	0.87	1.28
Operating Income per Share	0.24	0.07	-0.23	-0.09	0.16	0.38	0.44	0.33	0.34	0.61	0.37	0.35	0.47	0.77	1.14
Basic EPS, GAAP	0.14	0.02	-0.16	-0.16	0.13	0.27	0.27	0.22	0.24	0.5	0.28	0.27	0.37	0.6	0.89
Basic EPS from Cont Ops	0.14	0.02	-0.16	-0.16	0.13	0.27	0.27	0.22	0.24	0.5	0.28	0.27	0.37	0.6	0.89
Diluted EPS, GAAP	0.13	0.02	-0.16	-0.16	0.13	0.27	0.26	0.21	0.23	0.47	0.27	0.26	0.36	0.58	0.85
Diluted EPS from Cont Ops	0.13	0.02	-0.16	-0.16	0.13	0.27	0.26	0.21	0.23	0.47	0.27	0.26	0.36	0.58	0.85
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.18	-0.14	0.23	0.25	0.34	0.27	0.15	0.3	0.31	0.5	0.36	-0.08	0.16	1.06	1.35
Free Cash Flow per Basic Share	-0.33	-0.25	0.1	0.14	0.27	0.2	0.06	0.23	0.14	0.38	0.31	-0.08	0.16	1.06	1.35
Cash & Equivalents per Share	0.52	0.21	0.06	0.19	0.44	0.63	0.68	0.91	0.94	1.25	1.39	0.96	0.87	1.88	1.81
Book Value per Share	0.25	0.26	0.1	-0.06	0.07	0.35	0.62	0.93	1.16	1.64	1.75	1.87	2.23	2.77	2.52
Tangible Book Value per Share	1.72	1.72	1.58	1.44	1.59	1.9	2.25	2.67	3.03	3.53	3.71	3.96	4.38	5.13	4.95

Electromed, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)