Epsilon Energy Ltd. Financial Ratios — EPSN 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 (%)	- -	-4.43	-15.96	8.65	-41.59	-7.69	18.45	13.14	15.36	1.58	20.34	47.89	8.42	2.49	-6.61
Return on Assets (%)	16.32	-2.76	-7.91	3.91	-17.66	-2.48	6.96	7.64	9.37	0.95	12.49	31.66	5.6	1.58	-3.33
Return on Capital (%)	- -	-6.53	- -	7.67	- -	- -	- -	12.67	15.5	1.7	20.46	47.93	8.46	2.5	- -
Return on Invested Capital (%)	- -	-2.21	- -	6.92	- -	- -	- -	12.32	6.49	0.65	19.65	37.68	4.58	2.66	- -
Gross Margin (%)	25.28	15.68	38.96	34.28	2.75	17.61	31.32	49.04	42.69	26.14	64.03	77.34	46.14	37.46	47.56
EBITDA Margin (%)	37.52	62.34	60.3	76.85	49.94	55.97	57.15	56.61	53.19	42.33	63.46	76.03	47.36	47.77	53.88
Operating Margin (%)	-12.82	7.3	23.77	32.52	-5.56	9.22	14.16	32.41	25.52	3.2	47.83	66.82	22.35	15.46	30.29
Incremental Operating Margin (%)	- -	13.26	230.15	95.88	- -	234.11	362.08	152.11	93.89	266.12	108.45	96.05	101.66	-251.4	53.57
Pretax Margin (%)	49.91	11.28	-18.73	23.47	-166.99	-8.19	20.85	24.94	46.74	5.94	37.89	67.91	33.02	11.28	-10.54
Profit Margin (%)	194.97	-9.59	-29.07	12.5	-107.11	-12.17	28.87	22.44	32.59	3.58	27.42	50.53	22.6	6.12	-11.24
Net Income to Common Margin (%)	194.97	-9.59	-29.07	12.5	-107.11	-12.17	28.87	22.44	32.59	3.58	27.42	50.53	22.6	6.12	-11.24
Effective Tax Rate (%)	- -	185	- -	46.76	- -	- -	- -	10.03	30.28	39.67	27.64	25.59	31.55	45.8	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.58	80.64	284.62	-103.44
Sustainable Growth Rate (%)	- -	-4.43	-15.96	8.65	-41.59	-7.69	18.45	13.14	15.36	1.58	20.34	39.95	1.63	-4.6	-13.44

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	- -	34	42	38	34	41	6	- -	- -	- -	- -	- -	1	- -	51
ST Debt	- -	- -	9	7	7	41	3	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	34	33	31	27	- -	3	- -	- -	- -	- -	- -	- -	- -	51
Total Debt/EBITDA	- -	1.27	1.5	0.95	2.84	2.87	0.39	- -	- -	- -	- -	- -	0.04	0.03	1.84
Net Debt/EBITDA	-4.65	0.98	1.37	0.55	1.41	0.66	-0.29	-0.86	-0.99	-1.28	-0.98	-0.85	-0.92	-0.43	1.49
Total Debt/EBIT	- -	10.82	3.81	2.24	-25.51	17.45	1.59	- -	- -	- -	- -	- -	0.08	0.1	3.27
Net Debt/EBIT	13.61	8.4	3.48	1.3	-12.71	4	-1.15	-1.5	-2.06	-16.96	-1.31	-0.97	-1.95	-1.34	2.66
EBITDA to Interest Expense	- -	7.43	6.31	9.25	3.03	3.63	16.3	119.5	123.08	90.3	265.41	1,047.42	181.06	324.56	44.53
EBITDA-CapEx/Interest Expense	- -	-13.88	-2.93	7.45	1.99	3.55	-5.07	103.69	19.79	33.31	217.19	888.51	-50.92	-463.39	19.87
EBIT to Interest Expense	- -	0.87	2.49	3.92	-0.34	0.6	4.04	68.42	59.04	6.83	200.04	920.64	85.45	105.05	25.03
Interest Expense	- -	4	4	4	4	4	1	- -	- -	- -	- -	- -	- -	- -	1
Common Equity/Total Assets	73.43	54.02	45.14	45.19	38.78	25.88	55.14	61.12	60.94	59.21	63.37	68.31	64.76	61.91	44.24
Long-Term Debt/Equity (%)	- -	32.32	35.68	34.35	39.67	- -	4.55	- -	- -	- -	- -	- -	0.47	0.37	40.76
Long-Term Debt/Capital (%)	- -	27.03	27.62	27.69	32.96	- -	5.43	- -	- -	- -	- -	- -	0.59	0.47	33.43
Long-Term Debt/Total Assets (%)	- -	20	19.22	18.91	21.88	- -	3.36	- -	- -	- -	- -	- -	0.38	0.3	22.27
Total Debt/Equity (%)	- -	32.32	45.38	41.99	50.04	77.46	9.1	- -	- -	- -	- -	0.03	0.56	0.49	40.98
Total Debt/Capital (%)	- -	27.03	35.13	33.84	41.57	55.36	10.85	- -	- -	- -	- -	0.04	0.7	0.64	33.61
Total Debt/Total Assets (%)	- -	20	24.45	23.11	27.59	32.1	6.71	- -	- -	- -	- -	0.03	0.45	0.4	22.39
Net Debt to Equity	-16.71	25.12	41.48	24.47	24.93	17.75	-6.59	-20.59	-18.4	-19.23	-33.43	-43.39	-13.32	-6.74	33.3
Net Debt/Capital (%)	-22.16	22.35	33.11	22.96	26.17	22.13	-9.66	-36.63	-30.9	-34.88	-72.53	-114.78	-19.86	-9.51	29.02
EBITDA	4	27	28	41	12	14	15	17	14	10	27	53	15	15	28
EBITDA-CapEx	-10	-50	-13	33	8	14	-5	15	2	4	22	45	-4	-22	12
Operating Income (Loss)	-1	3	11	17	-1	2	4	10	7	1	20	47	7	5	16

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	1.05	0.64	0.17	1.25	1.46	0.65	1.68	2.27	1.87	2.94	3.51	7.27	4.08	0.93	0.36
Current Ratio	1.27	1.59	0.49	1.64	1.75	0.75	2.33	3.14	2.99	3.94	4.2	8.92	5.21	2.02	1.31
Quick Ratio	1.25	1.4	0.47	1.61	1.74	0.74	2.24	3.07	2.45	3.81	4.12	8.43	4.84	1.77	1.01
CFO/Avg Current Liab	0.61	2.02	1.92	1.81	0.86	0.37	0.65	1.68	1.88	2.47	3.32	5.52	2.58	2.26	1.29
Common Equity/Total Assets	73.43	54.02	45.14	45.19	38.78	25.88	55.14	61.12	60.94	59.21	63.37	68.31	64.76	61.91	44.24
Long-Term Debt/Equity (%)	- -	32.32	35.68	34.35	39.67	- -	4.55	- -	- -	- -	- -	- -	0.47	0.37	40.76
Long-Term Debt/Capital (%)	- -	27.03	27.62	27.69	32.96	- -	5.43	- -	- -	- -	- -	- -	0.59	0.47	33.43
Long-Term Debt/Total Assets (%)	- -	20	19.22	18.91	21.88	- -	3.36	- -	- -	- -	- -	- -	0.38	0.3	22.27
Total Debt/Equity (%)	- -	32.32	45.38	41.99	50.04	77.46	9.1	- -	- -	- -	- -	0.03	0.56	0.49	40.98
Total Debt/Capital (%)	- -	27.03	35.13	33.84	41.57	55.36	10.85	- -	- -	- -	- -	0.04	0.7	0.64	33.61
Total Debt/Total Assets (%)	- -	20	24.45	23.11	27.59	32.1	6.71	- -	- -	- -	- -	0.03	0.45	0.4	22.39
CFO/Total Liabilities	21.57	44.18	40.61	41.77	19.16	15	77.41	57.4	60.94	83.91	99.05	193.74	77.63	70.93	19.92
CFO/CapEx	0.41	0.37	0.79	3.94	2.58	35.51	0.91	4.64	1.09	2.27	4.09	4.71	0.98	0.46	1.34
Altman's Z-Score	1.2	0.9	0.53	0.99	-0.22	-0.48	0.58	3.46	2.04	2.36	4.42	6.57	3.25	3.43	0.78

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	3.22	6.93	5.92	9.33	6.02	6.68	6.67	7.09	5.72	5.95	9.96	11.86	4.65	5.33	5.74
Days Sales Outstanding	113.47	52.7	61.61	39.11	60.65	54.63	54.72	51.5	63.86	61.37	36.64	30.78	78.49	68.44	63.55
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	0.9	2.56	2.46	4.09	4.43	4.36	5.05	8.02	6.66	8.16	10.96	10.99	6.83	7.19	4.01
Accounts Payable Turnover Days	407.63	142.45	148.2	89.23	82.4	83.73	72.33	45.49	54.78	44.72	33.29	33.21	53.42	50.77	90.96
Cash Conversion Cycle	-294.15	-89.75	-86.6	-50.12	-21.75	-29.1	-17.62	6.01	9.08	16.65	3.35	-2.43	25.07	17.68	-27.42
Inventory to Cash Days	113.47	52.7	61.61	39.11	60.65	54.63	54.72	51.5	63.86	61.37	36.64	30.78	78.49	68.44	63.55
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	71	98	80	91	41	49	60	120	90	93	135	155	114	136	107
- Cash & Cash Equivalents	17	8	4	16	17	31	10	14	14	13	26	45	13	7	9
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	34	42	38	34	41	6	- -	- -	- -	- -	- -	1	- -	51
Enterprise Value	54	124	119	114	58	59	56	106	75	80	108	109	83	130	149
Total Capital	95	126	120	114	81	74	53	54	60	51	63	85	81	75	152
Total Debt/Capital (%)	- -	27.03	35.13	33.84	41.57	55.36	10.85	- -	- -	- -	- -	0.04	0.7	0.64	33.61
Total Debt / EV	- -	0.27	0.35	0.34	0.58	0.7	0.1	- -	- -	- -	- -	- -	0.01	- -	0.34
EV/Sales	5.45	2.89	2.55	2.15	2.43	2.31	2.18	3.56	2.83	3.27	2.55	1.56	2.69	4.13	2.89
EV/EBITDA	14.53	4.63	4.24	2.79	4.87	4.13	3.81	6.29	5.32	7.73	4.02	2.06	5.68	8.64	5.36
EV/EBIT	- -	39.56	10.75	6.6	- -	25.06	15.39	10.98	11.08	102.18	5.33	2.34	12.04	26.7	9.53
EV/Cash Flow to Firm	9.52	4.87	3.04	3.38	4.44	3.45	2.99	10.12	5.78	5.37	5.39	2.88	4.53	7.72	7
EV/Free Cash Flow to Firm	2.75	1.21	1.48	2.74	3.39	3.39	1.47	8.35	3.02	3.73	4.33	2.37	2.24	2.44	4.06
Diluted Market Cap	72	98	80	91	41	49	60	120	90	93	136	155	114	136	107
Diluted Enterprise Value	54	125	119	114	58	59	56	106	75	80	109	110	102	130	149
EV per Share	2.1	4.85	4.6	4.46	2.4	2.56	2.15	3.85	2.78	3.18	4.56	4.69	3.67	5.93	6.47
TTM Sales	10	43	47	53	24	25	26	30	27	24	42	70	31	32	52
TTM EBITDA	4	27	28	41	12	14	15	17	14	10	27	53	15	15	28
TTM Operating Income	-1	3	11	17	-1	2	4	10	7	1	20	47	7	5	16
TTM Cash Flow to Firm	6	26	39	34	13	17	19	10	13	15	20	38	18	17	21
TTM Free Cash Flow to Firm	20	103	80	42	17	17	38	13	25	21	25	46	37	53	37

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	3.67	0.93	1.1	2.33	2.82	4.29	1.64	9.58	3.6	4.37	5.44	3.37	3.1	2.55	2.97
EV/EBIT	- -	39.56	10.75	6.6	- -	25.06	15.39	10.98	11.08	102.18	5.33	2.34	12.04	26.7	9.53
Enterprise Value	54	124	119	114	58	59	56	106	75	80	108	109	83	130	149
Low Price	1.7	1.49	2.56	2.8	0.3	1.62	2.03	1.77	2.92	2.32	3.41	5.04	4.76	4.7	4.36
EV/Sales	5.45	2.89	2.55	2.15	2.43	2.31	2.18	3.56	2.83	3.27	2.55	1.56	2.69	4.13	2.89
EV/EBITDA	14.53	4.63	4.24	2.79	4.87	4.13	3.81	6.29	5.32	7.73	4.02	2.06	5.68	8.64	5.36
Price/Earnings	3.69	- -	- -	13.79	- -	- -	8.11	18.01	10.29	106.5	11.58	4.37	16.46	70.64	- -
Price/Earnings Average	4.51	-15.6	-6.59	13.82	-2.49	-17.03	8.39	8.48	12.13	87.91	9.48	4.29	17.64	61.52	-24.31
Price/Earnings High	5.89	-24.96	-8.51	17.8	-3.37	-19.82	9.31	18.14	16.13	111.67	13.86	5.27	22.03	71.1	-33.74
Price/Earnings Low	2.27	-9.25	-4.89	10.79	-0.28	-12.02	7.13	7.3	9.11	66.6	6.95	3.32	15.42	53.47	-17.31
Price/Book Value	0.75	1.07	1.03	1.21	0.87	1.5	1.27	2.23	1.5	1.82	2.14	1.83	1.42	1.83	1.06
Price/Book Value Average	0.92	0.7	1.15	1.22	1.34	1.6	1.31	1.05	1.77	1.5	1.75	1.79	1.52	1.59	1.4
Price/Book Value High	1.19	1.12	1.48	1.56	1.81	1.86	1.45	2.25	2.36	1.9	2.56	2.2	1.9	1.84	1.94
Price/Book Value Low	0.46	0.42	0.85	0.95	0.15	1.13	1.11	0.9	1.33	1.14	1.28	1.39	1.33	1.38	0.99
Price/Tangible Book Value	0.85	1	0.87	1	0.61	0.94	0.95	1.72	1.17	1.35	1.7	1.48	1.14	1.41	0.86
Price/Tangible Book Value Average	1.03	0.66	0.96	1	0.94	1	0.98	0.81	1.38	1.11	1.39	1.45	1.22	1.23	1.13
Price/Tangible Book Value High	1.35	1.05	1.24	1.28	1.27	1.16	1.09	1.73	1.84	1.42	2.03	1.79	1.52	1.42	1.57
Price/Tangible Book Value Low	0.52	0.39	0.72	0.78	0.11	0.7	0.83	0.69	1.04	0.84	1.02	1.13	1.06	1.07	0.8
Price/Sales	7.2	2.27	1.73	1.72	1.73	1.94	2.34	4.04	3.35	3.82	3.18	2.21	3.72	4.32	2.07
Price/Sales Average	8.8	1.5	1.91	1.73	2.66	2.07	2.42	1.9	3.95	3.15	2.6	2.17	3.99	3.76	2.73
Price/Sales High	11.48	2.39	2.47	2.22	3.6	2.41	2.69	4.07	5.26	4	3.8	2.66	4.98	4.35	3.79
Price/Sales Low	4.42	0.89	1.42	1.35	0.3	1.46	2.06	1.64	2.97	2.39	1.91	1.68	3.48	3.27	1.95
Price/Cash Flow	12.56	3.42	2.49	2.92	3.91	4.41	3.44	11.64	6.89	6.29	6.73	4.07	6.28	8.09	5.18
Price/Cash Flow Average	15.36	2.25	2.76	2.92	6.03	4.71	3.55	5.48	8.13	5.19	5.51	3.99	6.73	7.05	6.84
Price/Cash Flow High	20.04	3.6	3.57	3.77	8.16	5.48	3.94	11.72	10.8	6.6	8.06	4.9	8.41	8.14	9.49
Price/Cash Flow Low	7.71	1.33	2.05	2.28	0.69	3.32	3.02	4.72	6.1	3.93	4.04	3.09	5.89	6.12	4.87
Price/Free Cash Flow Average	4.49	0.61	1.21	2.33	4.35	4.58	1.69	4.51	4.24	3.6	4.46	3.3	3.33	2.22	3.91
Price/Free Cash Flow High	5.85	0.98	1.57	3.01	5.88	5.33	1.88	9.65	5.63	4.58	6.52	4.06	4.16	2.57	5.43
Price/Free Cash Flow Low	2.25	0.36	0.9	1.82	0.5	3.23	1.44	3.88	3.18	2.73	3.27	2.56	2.91	1.93	2.79
EV/Sales Average	7.06	2.11	2.74	2.15	3.37	2.44	2.26	1.42	3.43	2.61	1.98	1.52	3.57	3.57	3.55
EV/Sales High	9.74	3.01	3.3	2.65	4.31	2.78	2.52	3.59	4.73	3.46	3.18	2.02	4.56	4.16	4.61
EV/Sales Low	2.67	1.5	2.25	1.77	1.01	1.83	1.9	1.15	2.44	1.84	1.28	1.03	3.07	3.08	2.76
EV/EBITDA Average	18.81	3.38	4.55	2.8	6.75	4.36	3.95	2.5	6.44	6.16	3.11	2	7.53	7.47	6.59
EV/EBITDA High	25.96	4.82	5.47	3.45	8.63	4.97	4.42	6.33	8.89	8.17	5.01	2.65	9.63	8.7	8.56
EV/EBITDA Low	7.12	2.41	3.73	2.31	2.02	3.27	3.32	2.04	4.59	4.35	2.02	1.36	6.48	6.44	5.13
EV/EBIT Average	-55.07	28.9	11.53	6.62	-60.65	26.48	15.95	4.37	13.43	81.38	4.13	2.27	15.96	23.09	11.72
EV/EBIT High	-75.98	41.19	13.88	8.14	-77.56	30.16	17.82	11.06	18.53	107.96	6.64	3.02	20.4	26.88	15.22
EV/EBIT Low	-20.85	20.56	9.46	5.45	-18.19	19.87	13.39	3.56	9.57	57.54	2.68	1.55	13.72	19.91	9.12
Last Price	2.77	3.82	3.11	3.58	1.7	2.15	2.31	4.37	3.3	3.71	5.68	6.63	5.08	6.21	4.64
High Price	4.42	4.02	4.45	4.62	3.55	2.67	2.65	4.4	5.17	3.89	6.8	7.99	6.8	6.25	8.5
Enterprise Value Average	70	91	127	114	80	62	58	42	91	64	84	106	110	113	183
Enterprise Value High	96	129	153	140	103	71	65	106	126	84	135	141	140	131	238
Enterprise Value Low	26	65	105	94	24	47	49	34	65	45	54	72	94	97	143

	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	26	26	26	24	24	24	28	27	27	24	24	23	22	22	30
Diluted Weighted Avg Shares	26	26	26	26	24	23	26	27	27	25	24	23	23	22	23
Basic Weighted Avg Shares	26	26	26	25	24	23	26	27	27	25	24	23	22	22	23
Revenue per Share	0.38	1.68	1.8	2.08	0.98	1.11	0.99	1.08	0.98	0.97	1.79	3	1.37	1.44	2.24
EBITDA per Share	0.14	1.05	1.09	1.6	0.49	0.62	0.56	0.61	0.52	0.41	1.14	2.28	0.65	0.69	1.21
Operating Income per Share	-0.05	0.12	0.43	0.68	-0.05	0.1	0.14	0.35	0.25	0.03	0.86	2	0.31	0.22	0.68
Basic EPS, GAAP	0.75	-0.16	-0.52	0.26	-1.05	-0.13	0.28	0.24	0.32	0.03	0.49	1.52	0.31	0.09	-0.25
Basic EPS from Cont Ops	0.75	-0.16	-0.52	0.26	-1.05	-0.13	0.28	0.24	0.32	0.03	0.49	1.52	0.31	0.09	-0.25
Diluted EPS, GAAP	0.74	-0.16	-0.52	0.26	-1.05	-0.13	0.28	0.24	0.32	0.03	0.49	1.51	0.31	0.09	-0.25
Diluted EPS from Cont Ops	0.74	-0.16	-0.52	0.26	-1.05	-0.13	0.28	0.24	0.32	0.03	0.49	1.51	0.31	0.09	-0.25
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.25	0.25	0.25	0.26
Cash Flow per Share	0.22	1.12	1.25	1.23	0.44	0.49	0.67	0.38	0.48	0.59	0.84	1.63	0.81	0.77	0.9
Free Cash Flow per Basic Share	-0.32	-1.89	-0.34	0.92	0.27	0.47	-0.07	0.29	0.04	0.33	0.64	1.28	-0.02	-0.9	0.23
Cash & Equivalents per Share	0.67	0.3	0.14	0.63	0.7	1.37	0.38	0.52	0.52	0.53	1.12	1.94	1.43	0.3	0.39
Book Value per Share	3.7	3.58	3.01	2.95	1.96	1.44	1.82	1.96	2.19	2.04	2.66	3.63	3.57	3.4	4.39
Tangible Book Value per Share	3.28	3.83	3.57	3.6	2.79	2.3	2.44	2.55	2.81	2.75	3.34	4.47	4.47	4.41	5.42

Epsilon Energy Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)