The Eastern Company Financial Ratios — EML 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 (%)	7.69	9.56	6.31	6.71	4.85	6.37	4	10.86	9.13	3.54	5.91	7.35	4.89	-4.91	4.16
Return on Assets (%)	5.27	7.75	6.01	6.52	4.71	6.33	3.36	8.11	5.74	1.94	3.45	4.66	3.34	-3.5	3.16
Return on Capital (%)	7.33	9.11	6.13	6.56	4.81	6.31	3.79	9.36	6.87	2.75	4.33	5.69	4.4	-2.73	4.05
Return on Invested Capital (%)	7.52	11.47	8.55	9.38	7.12	9.31	5.18	11.95	9.66	6	7.37	5.72	6.72	8.33	4.75
Gross Margin (%)	19.15	21.17	21.16	23.07	23.69	26.41	24.41	25.07	24.57	24.33	23.03	20.99	23.86	24.66	22.88
EBITDA Margin (%)	8.69	10.79	9.98	10.8	8.27	10.86	8.23	9.9	10.55	11.11	10.01	7.91	8.65	9.55	6.93
Operating Margin (%)	6.1	8.6	7.29	8.32	5.55	8.09	5.92	7.62	7.99	7.66	7.08	5.32	6.58	7.39	4.29
Incremental Operating Margin (%)	1.58	33.03	21.03	-81.59	-98.62	-44.66	1.42	19.23	12.88	9.17	4.71	-7.88	-10.62	22.42	39.84
Pretax Margin (%)	5.95	8.4	7.1	8.19	5.55	8.16	5.61	7.51	6.44	6.69	7.74	5.16	5.83	6.26	3.01
Profit Margin (%)	3.85	5.48	4.84	5.44	3.96	5.66	2.47	6.19	5.27	2.74	3.79	4.41	3.32	-3.13	2.86
Net Income to Common Margin (%)	3.85	5.48	4.84	5.44	3.96	5.66	2.47	6.19	5.27	2.74	3.79	4.41	3.32	-3.13	2.86
Effective Tax Rate (%)	35.29	34.77	31.76	33.54	28.6	30.63	55.96	17.53	18.14	16.51	15.14	23.28	21.9	22.6	20.33
Dvd Payout Ratio (%)	40.4	36.04	37.86	38.99	49.08	35.34	54.6	19	20.68	24.96	17.03	24.78	23.48	20.66	44.93
Sustainable Growth Rate (%)	4.58	6.11	3.92	4.1	2.47	4.12	1.82	8.8	7.24	2.66	4.9	5.53	3.74	-3.89	2.29

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	7	7	6	4	3	2	35	29	111	101	83	76	62	60	54
ST Debt	4	1	2	1	1	1	7	2	8	9	10	12	7	7	5
LT Debt	3	6	4	3	2	1	29	26	103	92	72	64	55	53	49
Total Debt/EBITDA	0.54	0.44	0.43	0.28	0.27	0.12	2.1	1.24	4.18	4.61	3.35	3.46	2.76	2.31	3.12
Net Debt/EBITDA	-0.35	-0.65	-0.98	-0.76	-1.22	-1.4	0.77	0.64	3.04	3.34	2.33	2.03	1.47	0.95	1.53
Total Debt/EBIT	0.77	0.55	0.58	0.37	0.4	0.16	2.92	1.61	5.53	6.69	4.74	5.14	3.63	2.99	5.05
Net Debt/EBIT	-0.5	-0.81	-1.34	-0.99	-1.82	-1.88	1.07	0.83	4.02	4.85	3.3	3.02	1.94	1.22	2.48
EBITDA to Interest Expense	53.65	46	44.04	59.73	64.42	123.05	17.21	19.29	14.3	10.67	14.13	9.71	7.99	9.57	6.43
EBITDA-CapEx/Interest Expense	38.99	34.59	26.92	45.46	50.74	99.48	14.38	16.3	11.37	9.53	12	8.23	6.01	6	4.95
EBIT to Interest Expense	37.64	36.69	32.18	46.03	43.28	91.65	12.37	14.85	10.82	7.36	9.98	6.53	6.07	7.4	3.98
Interest Expense	- -	- -	- -	- -	- -	- -	1	1	2	2	2	2	3	3	3
Common Equity/Total Assets	68.6	92.62	98.04	96.16	98.24	100.47	72.21	77.06	53.74	56.02	60.84	65.99	70.92	71.82	80.46
Long-Term Debt/Equity (%)	4.39	8.48	5.26	4.29	2.25	1.08	32.99	27.2	97.65	88.26	63.22	50.81	41.14	43.75	39.49
Long-Term Debt/Capital (%)	3.8	5.29	3.64	2.66	1.45	0.71	17.63	15.65	39.3	36.01	29.61	25.84	22.65	23.03	21.57
Long-Term Debt/Total Assets (%)	2.85	5.24	3.76	2.65	1.47	0.72	16.25	14.54	36.68	33.41	27.2	24.6	21.63	22.44	22.71
Total Debt/Equity (%)	9.76	10.48	7.45	5.72	4.05	2.17	40.52	29.6	105.38	97.14	72.09	60.34	46.72	49.91	43.21
Total Debt/Capital (%)	8.44	6.53	5.16	3.54	2.62	1.41	21.66	17.03	42.42	39.63	33.77	30.69	25.72	26.28	23.6
Total Debt/Total Assets (%)	6.33	6.47	5.33	3.53	2.64	1.44	19.96	15.82	39.59	36.78	31.02	29.21	24.56	25.6	24.86
Net Debt to Equity	-6.36	-15.34	-17.07	-15.4	-18.39	-25.39	14.9	15.23	76.6	70.34	50.3	35.5	24.92	20.41	21.25
Net Debt/Capital (%)	-6.39	-11.4	-14.24	-10.99	-13.91	-20.17	9.23	9.55	33.11	30.53	24.17	18.82	14.19	11.44	12
EBITDA	12	17	14	15	12	15	17	23	27	22	25	22	22	26	17
EBITDA-CapEx	9	13	9	12	9	12	14	20	21	20	21	19	17	16	13
Operating Income (Loss)	9	14	10	12	8	11	12	18	20	15	17	15	17	20	11

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	0.69	1.24	1.47	1.18	1.17	1.77	0.71	0.46	0.52	0.38	0.12	0.22	0.21	0.36	0.27
Current Ratio	4.01	4.82	5.21	5.3	4.96	6.04	3.2	3.36	3.32	2.75	2.5	2.67	2.63	2.58	3.59
Quick Ratio	1.88	2.55	2.66	2.47	2.33	3.18	1.58	1.5	1.6	1.17	1.02	1.15	1.03	1.16	1.36
CFO/Avg Current Liab	0.1	0.88	0.79	0.69	0.64	0.89	0.51	0.42	0.71	0.55	-0.04	0.22	0.59	0.47	0.24
Common Equity/Total Assets	68.6	92.62	98.04	96.16	98.24	100.47	72.21	77.06	53.74	56.02	60.84	65.99	70.92	71.82	80.46
Long-Term Debt/Equity (%)	4.39	8.48	5.26	4.29	2.25	1.08	32.99	27.2	97.65	88.26	63.22	50.81	41.14	43.75	39.49
Long-Term Debt/Capital (%)	3.8	5.29	3.64	2.66	1.45	0.71	17.63	15.65	39.3	36.01	29.61	25.84	22.65	23.03	21.57
Long-Term Debt/Total Assets (%)	2.85	5.24	3.76	2.65	1.47	0.72	16.25	14.54	36.68	33.41	27.2	24.6	21.63	22.44	22.71
Total Debt/Equity (%)	9.76	10.48	7.45	5.72	4.05	2.17	40.52	29.6	105.38	97.14	72.09	60.34	46.72	49.91	43.21
Total Debt/Capital (%)	8.44	6.53	5.16	3.54	2.62	1.41	21.66	17.03	42.42	39.63	33.77	30.69	25.72	26.28	23.6
Total Debt/Total Assets (%)	6.33	6.47	5.33	3.53	2.64	1.44	19.96	15.82	39.59	36.78	31.02	29.21	24.56	25.6	24.86
CFO/Total Liabilities	3.85	30.82	34.98	20.19	21.57	29.75	12.49	15.26	13.1	12.08	-1.33	7.85	22.15	17.93	9.63
CFO/CapEx	0.43	3.24	2.05	2.57	3.6	4.34	4.05	3.58	4.22	8.86	-0.54	3.15	4.78	2.12	2.23
Altman's Z-Score	5.63	5.14	5.51	4.96	5.2	5.47	4.63	4.73	4.1	3.48	4.08	4.24	4.06	4.59	4.6

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	8.15	8.51	8.22	8.45	8.36	7.72	9.03	8.16	7.38	5.67	6.58	6.49	6.72	7.82	7.59
Days Sales Outstanding	44.79	42.87	44.39	43.22	43.64	47.26	40.44	44.72	49.46	64.41	55.49	56.23	54.35	46.65	48.12
Inventory Turnover	3.98	4.2	3.74	3.33	3.1	2.86	3.8	3.51	3.54	3.06	3.58	3.46	3.2	3.62	3.44
Days Inventory Outstanding	91.62	86.99	97.57	109.6	117.86	127.73	96.11	104	103.19	119.27	101.93	105.46	113.93	100.9	106.03
Accounts Payable Turnover	14.7	15.45	15.24	14.41	12.99	12.19	15.41	10.9	9.97	6.69	8.22	7.77	7.31	9.15	10.71
Accounts Payable Turnover Days	24.83	23.63	23.96	25.33	28.11	29.95	23.69	33.48	36.61	54.56	44.38	46.99	49.91	39.88	34.09
Cash Conversion Cycle	111.58	106.23	118	127.48	133.39	145.04	112.85	115.25	116.05	129.12	113.04	114.69	118.37	107.67	120.06
Inventory to Cash Days	-46.83	-44.11	-53.17	-66.38	-74.22	-80.47	-55.67	-59.28	-53.73	-54.86	-46.44	-49.23	-59.58	-54.25	-57.91
Inventories	30	29	31	34	37	34	47	53	55	43	63	65	58	55	56
Raw Materials	12	8	8	9	11	9	14	18	17	15	25	26	24	21	22
Work In Process	6	6	5	7	8	7	8	9	11	4	10	9	9	7	7
Finished Goods	12	15	17	18	18	18	25	26	26	24	28	29	25	27	28
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	124	98	99	106	117	131	164	101	190	150	157	120	137	165	120
- Cash & Cash Equivalents	11	18	20	16	18	23	22	14	18	15	6	10	8	14	7
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	7	7	6	4	3	2	35	29	111	101	83	76	62	60	54
Enterprise Value	119	87	85	95	103	110	177	116	283	236	233	186	190	209	166
Total Capital	80	115	118	121	123	127	163	168	262	256	245	249	241	229	228
Total Debt/Capital (%)	8.44	6.53	5.16	3.54	2.62	1.41	21.66	17.03	42.42	39.63	33.77	30.69	25.72	26.28	23.6
Total Debt / EV	0.06	0.09	0.07	0.05	0.03	0.02	0.2	0.25	0.39	0.43	0.35	0.41	0.33	0.29	0.32
EV/Sales	0.83	0.55	0.6	0.67	0.71	0.8	0.86	0.49	1.13	1.2	0.95	0.67	0.73	0.77	0.67
EV/EBITDA	9.6	5.14	5.99	6.23	8.6	7.34	10.51	4.99	10.67	10.76	9.46	8.42	8.48	8.04	9.64
EV/EBIT	13.68	6.45	8.2	8.08	12.81	9.85	14.62	6.47	14.1	15.6	13.38	12.51	11.15	10.39	15.59
EV/Cash Flow to Firm	74.66	6.29	7.38	9.95	11.1	8.78	15.21	8.34	11.58	10.55	- -	15.07	6.63	9.24	15.12
EV/Free Cash Flow to Firm	23.88	4.83	4.99	7.2	8.71	7.14	12.29	6.62	9.47	9.55	73.43	11.84	5.55	6.47	11.11
Diluted Market Cap	124	99	99	106	117	131	165	101	191	151	157	120	138	165	120
Diluted Enterprise Value	120	88	85	95	103	110	178	116	285	237	233	187	192	211	167
EV per Share	19.29	14.05	13.68	15.21	16.46	17.55	28.22	27.72	45.46	37.88	37.28	29.94	30.48	33.64	27.31
TTM Sales	143	158	142	141	145	138	204	234	252	198	247	279	259	273	249
TTM EBITDA	12	17	14	15	12	15	17	23	27	22	25	22	22	26	17
TTM Operating Income	9	14	10	12	8	11	12	18	20	15	17	15	17	20	11
TTM Cash Flow to Firm	2	14	12	10	9	12	12	14	24	22	-1	12	29	23	11
TTM Free Cash Flow to Firm	5	18	17	13	12	15	14	17	30	25	3	16	34	32	15

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	25.68	5.52	5.9	8.2	10.06	8.55	11.81	6.14	6.74	6.56	92.56	8.63	4.31	5.46	9.36
EV/EBIT	13.68	6.45	8.2	8.08	12.81	9.85	14.62	6.47	14.1	15.6	13.38	12.51	11.15	10.39	15.59
Enterprise Value	119	87	85	95	103	110	177	116	283	236	233	186	190	209	166
Low Price	15.75	13.38	14.58	15.05	15.75	15.01	18.85	21.67	20.7	15.28	22.23	17.1	15.3	20.5	18.49
EV/Sales	0.83	0.55	0.6	0.67	0.71	0.8	0.86	0.49	1.13	1.2	0.95	0.67	0.73	0.77	0.67
EV/EBITDA	9.6	5.14	5.99	6.23	8.6	7.34	10.51	4.99	10.67	10.76	9.46	8.42	8.48	8.04	9.64
Price/Earnings	22.45	11.4	14.35	13.87	20.5	16.78	32.44	6.95	14.35	27.81	16.79	9.74	15.97	- -	16.82
Price/Earnings Average	20.74	13.26	14.71	13.06	19.88	14.3	32.36	8.06	12.57	24.95	18.12	11.03	13.69	-20.77	19.98
Price/Earnings High	26.94	19.09	18.03	14.49	22.54	17.26	39.08	8.92	15.03	36.78	22.75	14.3	18.9	-26.12	25.24
Price/Earnings Low	17.68	9.64	13.14	12.23	17.17	12.05	23.39	6.23	9.73	17.63	14.89	8.64	11.11	-14.96	15.79
Price/Book Value	1.69	0.92	0.89	0.91	0.98	1.05	1.28	0.72	1.26	0.97	0.97	0.69	0.77	0.98	0.69
Price/Book Value Average	1.56	1.07	0.91	0.86	0.95	0.89	1.28	0.84	1.11	0.87	1.05	0.79	0.66	1.05	0.82
Price/Book Value High	2.03	1.53	1.11	0.95	1.08	1.08	1.55	0.93	1.32	1.29	1.31	1.02	0.91	1.32	1.03
Price/Book Value Low	1.33	0.78	0.81	0.8	0.82	0.75	0.93	0.65	0.86	0.62	0.86	0.62	0.53	0.76	0.65
Price/Tangible Book Value	2.32	1.76	1.5	1.85	1.88	1.99	3.92	2.1	-32.02	-369.99	11.12	3.8	2.33	3.34	2.16
Price/Tangible Book Value Average	2.14	2.05	1.54	1.74	1.83	1.69	3.91	2.43	-28.05	-331.91	12	4.31	2	3.58	2.56
Price/Tangible Book Value High	2.78	2.95	1.88	1.94	2.07	2.05	4.72	2.69	-33.53	-489.28	15.06	5.59	2.76	4.5	3.23
Price/Tangible Book Value Low	1.82	1.49	1.37	1.63	1.58	1.43	2.83	1.88	-21.71	-234.58	9.86	3.37	1.62	2.58	2.02
Price/Sales	0.87	0.62	0.7	0.75	0.81	0.95	0.8	0.43	0.76	0.76	0.64	0.43	0.53	0.61	0.48
Price/Sales Average	0.8	0.73	0.71	0.71	0.79	0.81	0.8	0.5	0.66	0.68	0.69	0.49	0.45	0.65	0.57
Price/Sales High	1.04	1.05	0.87	0.79	0.89	0.98	0.97	0.55	0.79	1.01	0.86	0.63	0.63	0.82	0.72
Price/Sales Low	0.68	0.53	0.64	0.67	0.68	0.68	0.58	0.39	0.51	0.48	0.56	0.38	0.37	0.47	0.45
Price/Cash Flow	85.43	7.21	8.75	11.37	12.85	10.52	14.64	7.83	8.29	7.27	-77.59	11.31	5.18	8.04	13.53
Price/Cash Flow Average	78.93	8.38	8.97	10.7	12.47	8.97	14.6	9.07	7.26	6.52	-83.72	12.81	4.44	8.62	16.07
Price/Cash Flow High	102.52	12.07	10.99	11.87	14.13	10.83	17.64	10.04	8.68	9.61	-105.1	16.61	6.13	10.84	20.31
Price/Cash Flow Low	67.28	6.1	8.01	10.02	10.77	7.56	10.55	7.02	5.62	4.61	-68.8	10.03	3.6	6.21	12.71
Price/Free Cash Flow Average	23.73	6.42	6.05	7.72	9.76	7.29	11.78	7.11	5.91	5.88	99.88	9.77	3.69	5.85	11.12
Price/Free Cash Flow High	30.82	9.24	7.41	8.57	11.06	8.8	14.22	7.87	7.06	8.67	125.39	12.67	5.1	7.36	14.04
Price/Free Cash Flow Low	20.22	4.67	5.4	7.23	8.43	6.14	8.51	5.5	4.57	4.16	82.08	7.65	3	4.22	8.79
EV/Sales Average	0.77	0.66	0.62	0.63	0.69	0.66	0.86	0.56	1.03	1.12	1	0.72	0.66	0.82	0.76
EV/Sales High	1.01	0.98	0.78	0.71	0.79	0.82	1.03	0.62	1.16	1.44	1.17	0.87	0.83	0.99	0.91
EV/Sales Low	0.65	0.46	0.54	0.58	0.58	0.53	0.64	0.45	0.88	0.92	0.87	0.62	0.58	0.64	0.64
EV/EBITDA Average	8.84	6.09	6.17	5.82	8.31	6.05	10.49	5.68	9.78	10.06	9.96	9.13	7.65	8.58	10.95
EV/EBITDA High	11.59	9.05	7.78	6.54	9.58	7.59	12.51	6.21	11.01	12.97	11.71	10.96	9.65	10.33	13.12
EV/EBITDA Low	7.48	4.25	5.4	5.4	7.01	4.88	7.79	4.54	8.36	8.26	8.74	7.8	6.66	6.68	9.22
EV/EBIT Average	12.6	7.63	8.44	7.55	12.37	8.12	14.58	7.37	12.92	14.58	14.09	13.58	10.06	11.09	17.7
EV/EBIT High	16.52	11.34	10.64	8.49	14.26	10.19	17.39	8.07	14.54	18.81	16.57	16.29	12.69	13.35	21.22
EV/EBIT Low	10.67	5.33	7.39	7.01	10.43	6.55	10.84	5.89	11.05	11.97	12.36	11.6	8.76	8.63	14.91
Last Price	20	15.82	15.92	17.07	18.8	20.9	26.15	24.18	30.53	24.1	25.07	19.28	22	26.54	19.69
High Price	24	26.49	20	17.83	20.67	21.5	31.5	31	31.97	31.87	33.96	28.32	26.04	35.78	29.55
Enterprise Value Average	110	103	88	88	99	90	176	132	260	221	246	202	171	223	189
Enterprise Value High	144	154	111	99	114	113	210	144	292	285	289	242	216	269	226
Enterprise Value Low	93	72	77	82	84	73	131	105	222	181	216	172	149	174	159

	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	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
Diluted Weighted Avg Shares	6	6	6	6	6	6	6	4	6	6	6	6	6	6	6
Basic Weighted Avg Shares	6	6	6	6	6	6	6	4	6	6	6	6	6	6	6
Revenue per Share	23.12	25.34	22.9	22.62	23.15	22.01	32.63	56.15	40.38	31.68	39.37	44.95	41.53	43.81	40.87
EBITDA per Share	2.01	2.73	2.28	2.44	1.91	2.39	2.68	5.56	4.26	3.52	3.94	3.56	3.59	4.18	2.83
Operating Income per Share	1.41	2.18	1.67	1.88	1.29	1.78	1.93	4.28	3.23	2.43	2.79	2.39	2.73	3.24	1.75
Basic EPS, GAAP	0.89	1.39	1.11	1.23	0.92	1.25	0.81	3.48	2.13	0.87	1.49	1.98	1.38	-1.37	1.17
Basic EPS from Cont Ops	0.89	1.39	1.11	1.23	0.92	1.25	0.81	3.48	2.13	1.77	2.58	1.78	1.89	2.12	0.98
Diluted EPS, GAAP	0.89	1.38	1.11	1.23	0.92	1.25	0.8	3.47	2.12	0.86	1.49	1.97	1.37	-1.37	1.17
Diluted EPS from Cont Ops	0.89	1.38	1.11	1.23	0.92	1.25	0.8	3.47	2.12	1.76	2.58	1.77	1.88	2.12	0.98
Dividend per Share	0.36	0.5	0.42	0.48	0.45	0.44	0.44	0.66	0.44	0.44	0.44	0.44	0.44	0.44	0.44
Cash Flow per Share	0.23	2.19	1.82	1.5	1.46	1.99	1.79	3.09	3.68	3.32	-0.32	1.7	4.25	3.3	1.46
Free Cash Flow per Basic Share	-0.32	1.52	0.93	0.92	1.06	1.53	1.34	2.22	2.81	2.94	-0.92	1.16	3.36	1.74	0.8
Cash & Equivalents per Share	1.8	2.97	3.21	2.54	2.85	3.64	3.56	3.34	2.89	2.46	0.98	1.64	1.45	2.58	1.22
Book Value per Share	11.85	17.26	17.94	18.73	19.15	19.96	20.36	33.48	24.19	24.74	25.88	27.78	28.68	27.14	28.62
Tangible Book Value per Share	8.63	8.98	10.61	9.21	9.98	10.51	6.67	11.52	-0.95	-0.07	2.25	5.07	9.44	7.95	9.14

The Eastern Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)