Evolution Petroleum Corporation Financial Ratios — EPM 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 (%)	-1.76	28.43	28.27	14.16	29.8	117.35	23.97	62.24	42.03	16.85	-73.24	145.21	82.98	8.87	4.52
Return on Assets (%)	-0.63	10.38	10.56	5.47	7.4	29.47	8.66	21.57	16.24	6.32	-19.47	29.03	25.49	2.8	0.91
Return on Capital (%)	-1.76	32.49	31.66	17.64	34.76	120.9	28.58	- -	42.29	- -	- -	94.12	66.9	7.83	5.36
Return on Invested Capital (%)	-0.69	- -	- -	8.71	11.26	4.58	11.04	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	74.21	83.79	85.57	86.29	53.41	45.74	51.99	56.37	52.77	35.4	34.12	48.42	43.44	22.12	18.79
EBITDA Margin (%)	10.04	6.4	6.28	47.5	47.62	34.95	54.11	15.1	14.46	19.46	28.63	7.39	11.11	23.36	25.62
Operating Margin (%)	2.56	- -	- -	40.3	34.46	15.17	37.36	- -	- -	- -	12.82	- -	- -	- -	- -
Incremental Operating Margin (%)	151.76	-1.85	- -	-193.72	24.31	375.11	109.24	-204.89	- -	- -	135.17	-5.5	- -	- -	- -
Pretax Margin (%)	2.75	49.18	49.92	31.06	30.3	129.91	37.36	39.7	43.63	12.69	-65.51	37.77	35.24	6.4	2.18
Profit Margin (%)	-3.21	28.57	31.05	20.35	17.93	93.59	23.33	48.12	35.57	20.06	-50.27	29.95	27.4	4.75	1.72
Net Income to Common Margin (%)	-3.21	25.06	27.89	16.54	15.51	91.03	19.69	48.12	35.57	20.06	-50.27	29.95	27.4	4.75	1.72
Effective Tax Rate (%)	216.49	41.9	37.81	34.47	40.83	27.96	37.57	- -	18.46	- -	- -	20.69	22.24	25.78	21.19
Dvd Payout Ratio (%)	- -	- -	- -	332.66	227.76	27.37	109.41	59.1	86.31	180.91	-26.41	36.15	45.73	393.14	1,109.78
Sustainable Growth Rate (%)	-1.76	28.43	28.27	-32.94	-38.08	85.23	-2.26	25.46	5.75	-13.63	-92.59	92.71	45.03	-25.99	-45.63

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	21	- -	40	38
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	21	- -	40	38
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.02	0.44	2.64	0.01	1.98	1.71
Net Debt/EBITDA	-5.62	-12.54	-18.59	-2.85	-1.52	-3.7	-1.23	-4.05	-5.05	-3.41	-0.14	1.61	-0.77	1.65	1.59
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.97	- -	- -	- -	- -
Net Debt/EBIT	-21.99	- -	- -	-3.36	-2.1	-8.52	-1.79	- -	- -	- -	-0.3	- -	- -	- -	- -
EBITDA to Interest Expense	- -	52.41	20.4	121.5	180.04	129.81	228.24	55.59	53.65	52.01	90.88	14.08	31.16	13.75	7.41
EBITDA-CapEx/Interest Expense	- -	-269.23	-54.41	106.65	113.62	-167.55	103.98	22.28	-4.23	-47.85	-86.76	-79.18	31.1	-12.8	4.37
EBIT to Interest Expense	- -	- -	- -	103.08	130.28	56.35	157.59	- -	- -	- -	40.72	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	3
Common Equity/Total Assets	34	30.68	36.12	26.52	16.78	29.91	31.16	37.94	39.3	35.63	15.71	22.21	40.52	24.58	15.7
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.11	7.37	28.14	0.14	48.76	52.22
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.26	24.91	39.23	0.24	49.64	59.78
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.09	5.24	14.35	0.1	24.29	23.4
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.19	7.48	28.17	0.2	48.88	52.31
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42	25.31	39.28	0.35	49.76	59.89
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.15	5.33	14.37	0.14	24.35	23.44
Net Debt to Equity	-12.69	-30.95	-45.46	-46.15	-41.42	-44.65	-33.63	-32.26	-39.38	-26.53	-2.34	17.18	-11.98	40.74	48.73
Net Debt/Capital (%)	-45.48	-394.29	2,814.17	357.57	239.81	691.57	-514.05	-235.14	-518.58	-147.73	-11.76	28.27	-26.82	45.13	58.11
EBITDA	1	1	1	8	13	9	19	6	6	6	9	8	14	20	22
EBITDA-CapEx	-3	-6	-4	7	8	-12	9	2	- -	-5	-9	-45	14	-19	13
Operating Income (Loss)	- -	- -	- -	7	10	4	13	- -	- -	- -	4	- -	- -	- -	- -

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	2.03	2.88	9.56	7.98	2.16	4	8.47	5.63	11.46	4.6	0.8	0.27	0.9	0.41	0.12
Current Ratio	2.87	3.3	10.42	8.77	2.54	4.35	9.62	7.26	12.78	5.92	2.75	1.2	1.73	1.37	0.81
Quick Ratio	2.79	3.19	10.31	8.47	2.49	4.3	9.47	6.52	12.61	5.8	2.65	1.15	1.57	1.12	0.63
CFO/Avg Current Liab	1.75	2.84	3.09	2.88	1.68	3.43	2.93	5.75	6.7	3.53	0.87	2.84	2.41	1.62	1.78
Common Equity/Total Assets	34	30.68	36.12	26.52	16.78	29.91	31.16	37.94	39.3	35.63	15.71	22.21	40.52	24.58	15.7
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.11	7.37	28.14	0.14	48.76	52.22
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.26	24.91	39.23	0.24	49.64	59.78
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.09	5.24	14.35	0.1	24.29	23.4
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.19	7.48	28.17	0.2	48.88	52.31
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42	25.31	39.28	0.35	49.76	59.89
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.15	5.33	14.37	0.14	24.35	23.44
CFO/Total Liabilities	47.09	84.13	101.82	61.72	48.72	145.07	83.29	125.43	153.86	68.82	21.41	72.33	141.55	27.8	37.37
CFO/CapEx	0.87	1.47	2.43	7.9	2.12	1.45	1.62	5.56	3.57	1.12	0.26	0.98	1,653.94	0.59	3.66
Altman's Z-Score	18.82	12.24	17.03	16.89	7.43	6.27	9.74	13.28	10.51	4.17	5.48	2.58	6.06	2.18	1.78

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	7.19	12.38	14.35	11.44	12.16	9.15	12.87	12.24	12.16	11.64	6.17	6.66	8.05	9.18	7.94
Days Sales Outstanding	50.79	29.49	25.44	31.9	30.01	39.89	28.37	29.83	30.01	31.37	59.19	54.84	45.34	39.76	45.99
Inventory Turnover	- -	- -	- -	56.41	154.95	350.71	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	6.47	2.36	1.04	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	3.26	6.32	5.24	4.14	3.01	2.03	4.24	6.56	7.4	10.75	13.97	6.71	6.91	9.42	6.57
Accounts Payable Turnover Days	112.07	57.77	69.7	88.1	121.26	179.5	86.02	55.68	49.31	33.94	26.13	54.4	52.79	38.75	55.52
Cash Conversion Cycle	-61.28	-28.28	-44.26	-49.73	-88.89	-138.57	-57.65	-25.85	-19.3	-2.57	33.06	0.44	-7.45	1.01	-9.54
Inventory to Cash Days	50.79	29.49	25.44	25.43	27.66	38.85	28.37	29.83	30.01	31.37	59.19	54.84	45.34	39.76	45.99
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	195	232	308	338	216	179	268	326	237	92	165	180	266	172	156
- Cash & Cash Equivalents	4	14	25	24	20	34	23	25	32	20	5	8	11	6	3
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	21	- -	40	38
Enterprise Value	190	217	283	314	196	145	245	301	206	73	164	193	255	205	191
Total Capital	14	18	24	17	12	29	28	36	38	33	16	54	52	80	63
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42	25.31	39.28	0.35	49.76	59.89
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.02	0.11	- -	0.19	0.2
EV/Sales	25.27	12.08	13.23	17.79	7.05	5.52	7.09	7.39	4.75	2.47	5.01	1.77	1.99	2.39	2.22
EV/EBITDA	251.65	188.66	210.69	37.45	14.8	15.79	13.11	48.93	32.87	12.66	17.5	23.96	17.89	10.24	8.68
EV/EBIT	985.31	- -	- -	44.14	20.45	36.37	18.98	- -	- -	- -	39.05	- -	- -	- -	- -
EV/Cash Flow to Firm	62.29	20.89	23.6	38.55	18.82	4.74	14.78	14.58	8.51	5.8	34.04	3.65	4.95	8.63	5.39
EV/Free Cash Flow to Firm	29	12.44	16.73	34.24	12.81	2.81	9.16	12.37	6.65	3.09	7.09	1.82	4.94	3.29	4.3
Diluted Market Cap	195	264	349	357	217	180	268	327	237	92	165	182	268	173	157
Diluted Enterprise Value	191	249	324	333	197	146	245	302	206	73	164	195	257	207	192
EV per Share	6.94	7.81	10.02	10.18	5.98	4.43	7.4	9.1	6.2	2.21	4.92	5.85	7.74	6.29	5.76
TTM Sales	8	18	21	18	28	26	34	41	43	30	33	109	129	86	86
TTM EBITDA	1	1	1	8	13	9	19	6	6	6	9	8	14	20	22
TTM Operating Income	- -	- -	- -	7	10	4	13	- -	- -	- -	4	- -	- -	- -	- -
TTM Cash Flow to Firm	3	10	12	8	10	31	17	21	24	13	5	53	52	24	35
TTM Free Cash Flow to Firm	7	17	17	9	15	52	27	24	31	24	23	106	52	63	44

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	29.69	15.12	20.7	39.03	14.21	3.47	10.06	13.49	7.7	3.94	7.16	1.72	5.22	2.82	3.72
EV/EBIT	985.31	- -	- -	44.14	20.45	36.37	18.98	- -	- -	- -	39.05	- -	- -	- -	- -
Enterprise Value	190	217	283	314	196	145	245	301	206	73	164	193	255	205	191
Low Price	4.1	5.9	7.48	9.92	5.68	3.6	5.12	6.35	5.99	2.12	2.09	3.6	4.81	5	4.05
EV/Sales	25.27	12.08	13.23	17.79	7.05	5.52	7.09	7.39	4.75	2.47	5.01	1.77	1.99	2.39	2.22
EV/EBITDA	251.65	188.66	210.69	37.45	14.8	15.79	13.11	48.93	32.87	12.66	17.5	23.96	17.89	10.24	8.68
Price/Earnings	- -	51.47	51.68	115.74	50.09	7.48	39.4	16.63	15.42	15.58	- -	5.51	7.56	42.23	105.8
Price/Earnings Average	-737.68	49	43.3	126.41	61.48	7.36	36.96	13.33	18.32	26.23	-6.35	5.84	6.54	52	115.42
Price/Earnings High	-999.57	62.58	54.48	146.18	85.05	10.31	49.62	17.73	27.67	41	-10.58	8.25	8.03	81.01	138.21
Price/Earnings Low	-465.71	36.41	35.43	104.85	43.17	4.92	24.91	10.72	12.92	11.79	-4.23	3.64	4.51	40.06	91.17
Price/Book Value	14.34	12.81	12.8	19.62	18.44	6.16	9.73	9.18	6.3	2.82	13.69	5.47	5.12	4.3	6.19
Price/Book Value Average	13.12	12.19	10.72	21.43	22.63	6.06	9.12	7.36	7.48	4.74	8.65	5.79	4.43	5.3	6.76
Price/Book Value High	17.77	15.58	13.49	24.78	31.31	8.49	12.25	9.79	11.3	7.41	14.43	8.19	5.44	8.26	8.09
Price/Book Value Low	8.28	9.06	8.78	17.77	15.89	4.05	6.15	5.92	5.28	2.13	5.77	3.61	3.05	4.08	5.34
Price/Tangible Book Value	5.82	4.97	5.61	6.56	4.5	2.35	3.91	4.23	2.96	1.25	3.02	2.38	2.89	2.12	2.17
Price/Tangible Book Value Average	5.32	4.73	4.7	7.17	5.53	2.32	3.67	3.39	3.52	2.1	1.91	2.52	2.5	2.62	2.37
Price/Tangible Book Value High	7.22	6.04	5.92	8.29	7.64	3.25	4.93	4.51	5.31	3.29	3.19	3.57	3.07	4.07	2.84
Price/Tangible Book Value Low	3.36	3.52	3.85	5.94	3.88	1.55	2.47	2.72	2.48	0.95	1.27	1.57	1.72	2.01	1.87
Price/Sales	25.87	12.9	14.41	19.14	7.77	6.81	7.76	8	5.48	3.12	5.05	1.65	2.07	2.01	1.82
Price/Sales Average	23.66	12.28	12.08	20.91	9.53	6.7	7.28	6.42	6.52	5.26	3.19	1.75	1.79	2.47	1.98
Price/Sales High	32.06	15.68	15.19	24.18	13.19	9.39	9.77	8.53	9.84	8.22	5.32	2.47	2.2	3.85	2.37
Price/Sales Low	14.94	9.13	9.88	17.34	6.7	4.48	4.9	5.16	4.59	2.37	2.13	1.09	1.23	1.9	1.56
Price/Cash Flow	63.76	22.33	25.79	41.72	20.83	5.85	16.23	15.89	9.86	7.46	34.86	3.43	5.19	7.58	4.72
Price/Cash Flow Average	58.33	21.26	21.6	45.57	25.57	5.76	15.22	12.74	11.71	12.56	22.04	3.63	4.49	9.33	5.14
Price/Cash Flow High	79.03	27.15	27.18	52.69	35.38	8.07	20.43	16.94	17.68	19.64	36.76	5.13	5.51	14.54	6.16
Price/Cash Flow Low	36.82	15.8	17.68	37.8	17.96	3.85	10.26	10.24	8.26	5.65	14.69	2.26	3.09	7.19	4.06
Price/Free Cash Flow Average	27.15	14.39	17.34	42.63	17.44	3.42	9.44	10.81	9.15	6.64	4.53	1.82	4.51	3.47	4.06
Price/Free Cash Flow High	36.79	18.38	21.82	49.3	24.12	4.79	12.67	14.38	13.82	10.38	7.55	2.57	5.54	5.41	4.86
Price/Free Cash Flow Low	17.14	10.7	14.19	35.36	12.25	2.29	6.36	8.7	6.45	2.99	3.02	1.13	3.11	2.68	3.21
EV/Sales Average	23.1	11.48	10.91	19.55	8.81	5.41	6.61	5.8	5.79	4.6	3.15	1.87	1.71	2.86	2.39
EV/Sales High	31.5	14.88	14.03	22.82	12.47	8.1	9.1	7.92	9.11	7.56	5.28	2.59	2.12	4.24	2.78
EV/Sales Low	14.37	8.32	8.71	15.99	5.97	3.19	4.24	4.55	3.86	1.71	2.09	1.21	1.15	2.29	1.97
EV/EBITDA Average	230.01	179.19	173.66	41.16	18.5	15.48	12.22	38.43	40	23.64	11.02	25.26	15.37	12.23	9.32
EV/EBITDA High	313.66	232.35	223.28	48.05	26.18	23.16	16.82	52.43	62.99	38.86	18.46	35.04	19.05	18.13	10.85
EV/EBITDA Low	143.14	129.95	138.73	33.66	12.54	9.13	7.83	30.11	26.72	8.77	7.3	16.34	10.36	9.8	7.7
EV/EBIT Average	900.57	- -	- -	48.52	25.57	35.67	17.69	- -	- -	- -	24.59	- -	- -	- -	- -
EV/EBIT High	1,228.09	- -	- -	56.64	36.18	53.36	24.36	- -	- -	- -	41.2	- -	- -	- -	- -
EV/EBIT Low	560.43	- -	- -	39.67	17.33	21.02	11.34	- -	- -	- -	16.29	- -	- -	- -	- -
Last Price	7.1	8.34	10.91	10.95	6.59	5.47	8.1	9.85	7.15	2.8	4.96	5.46	8.07	5.27	4.7
High Price	8.8	10.14	11.5	13.83	11.19	7.54	10.2	10.5	12.83	7.37	5.23	8.17	8.57	10.11	6.14
Enterprise Value Average	174	206	233	346	245	143	228	237	250	136	103	203	219	245	205
Enterprise Value High	237	267	299	403	347	213	314	323	394	224	173	282	272	364	239
Enterprise Value Low	108	149	186	283	166	84	146	185	167	51	68	132	148	197	169

	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	28	28	29	33	33	33	33	33	33	33	34	33	33	33	34
Diluted Weighted Avg Shares	27	32	32	33	33	33	33	33	33	33	33	33	33	33	33
Basic Weighted Avg Shares	27	28	28	31	33	33	33	33	33	33	33	33	33	33	33
Revenue per Share	0.27	0.65	0.76	0.57	0.85	0.8	1.04	1.23	1.3	0.9	0.98	3.31	3.9	2.63	2.59
EBITDA per Share	0.03	0.04	0.05	0.27	0.4	0.28	0.56	0.19	0.19	0.17	0.28	0.24	0.43	0.61	0.66
Operating Income per Share	0.01	- -	- -	0.23	0.29	0.12	0.39	- -	- -	- -	0.13	- -	- -	- -	- -
Basic EPS, GAAP	-0.01	0.16	0.21	0.09	0.13	0.73	0.21	0.59	0.46	0.18	-0.49	0.99	1.07	0.12	0.04
Basic EPS from Cont Ops	-0.01	0.18	0.24	0.12	0.15	0.75	0.24	0.59	0.46	0.18	-0.49	0.99	1.07	0.12	0.04
Diluted EPS, GAAP	-0.01	0.14	0.19	0.09	0.13	0.73	0.21	0.59	0.46	0.18	-0.49	0.98	1.06	0.12	0.04
Diluted EPS from Cont Ops	-0.01	0.16	0.21	0.11	0.15	0.75	0.24	0.59	0.46	0.18	-0.49	0.98	1.06	0.12	0.04
Dividend per Share	- -	0.02	0.02	0.34	0.32	0.22	0.26	0.35	0.4	0.33	0.13	0.36	0.49	0.49	0.49
Cash Flow per Share	0.11	0.37	0.42	0.26	0.32	0.93	0.5	0.62	0.73	0.38	0.14	1.59	1.55	0.7	1
Free Cash Flow per Basic Share	-0.02	0.12	0.25	0.23	0.17	0.29	0.19	0.51	0.52	0.04	-0.41	-0.03	1.55	-0.49	0.72
Cash & Equivalents per Share	0.16	0.53	0.89	0.77	0.61	1.04	0.7	0.75	0.95	0.6	0.16	0.25	0.33	0.2	0.08
Book Value per Share	0.5	0.65	0.85	0.56	0.36	0.89	0.83	1.07	1.14	0.99	0.36	1	1.58	1.22	0.76
Tangible Book Value per Share	1.22	1.68	1.94	1.67	1.46	2.32	2.07	2.33	2.41	2.24	1.64	2.29	2.79	2.48	2.17

Evolution Petroleum Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)