Eton Pharmaceuticals, Inc. Financial Ratios — ETON Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-61	-80.71	-128.92	-7.27	-34.37	-3.3	-7.09	-5.47
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	52.76	-1,017.95	87.05	67.38	66.56	60.01	53.46
EBITDA Margin (%)	- -	- -	-1,893.01	-67,846.15	-4.73	-30.52	-0.92	-3.72	4
Operating Margin (%)	- -	- -	-1,939.62	-69,515.38	-6.85	-38.87	-3.77	-6.66	-1.06
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	-1,910.32	-71,717.95	-8.95	-42.45	-2.18	-9.76	-5.7
Profit Margin (%)	- -	- -	-1,910.32	-71,717.95	-8.95	-42.45	-2.96	-9.8	-5.75
Net Income to Common Margin (%)	- -	- -	-1,910.32	-71,717.95	-8.95	-42.45	-2.96	-9.8	-5.75
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	65.78	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	5	7	7	7	5	30	31
ST Debt	- -	- -	- -	- -	1	1	5	- -	9
LT Debt	- -	- -	5	7	5	5	- -	30	22
Total Debt/EBITDA	- -	- -	-0.25	-0.27	-6.48	-1.01	-18.56	-20.62	9.69
Net Debt/EBITDA	- -	2.61	0.41	0.54	7.48	1.52	55.01	-10.25	1.44
Total Debt/EBIT	- -	- -	-0.25	-0.26	-4.48	-0.79	-4.53	-11.52	-36.75
Net Debt/EBIT	- -	2.59	0.4	0.53	5.17	1.2	13.43	-5.73	-5.47
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-64.22	-161.86	-375.88	-350.07	-342.57	-411.94	-327.8	-141.7	-122.1
Long-Term Debt/Equity (%)	- -	- -	43.21	43.81	29.93	41.99	0.14	122.47	84.99
Long-Term Debt/Capital (%)	- -	- -	-7.65	-8.07	-6.04	-5.69	-0.02	-38.38	-27.29
Long-Term Debt/Total Assets (%)	- -	- -	26.7	26.07	19.21	21.94	0.07	39.3	24.13
Total Debt/Equity (%)	- -	- -	43.21	45.6	37.98	49.89	34.9	122.47	118.6
Total Debt/Capital (%)	- -	- -	-7.65	-8.4	-7.66	-6.75	-5.48	-38.38	-38.08
Total Debt/Total Assets (%)	- -	- -	26.7	27.14	24.38	26.06	17.02	39.3	33.67
Net Debt to Equity	-108.46	-101.64	-71.34	-90.99	-43.82	-75.61	-103.43	60.89	17.65
Net Debt/Capital (%)	472.39	36.83	10.5	13.41	7.59	8.76	13.34	-16.01	-4.3
EBITDA	- -	-10	-18	-26	-1	-6	- -	-1	3
EBITDA-CapEx	- -	-10	-20	-27	-4	-9	-1	-11	3
Operating Income (Loss)	- -	-10	-19	-27	-1	-8	-1	-3	-1

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	16.59	13.21	6.15	5.61	3.16	2.52	1.32	0.75	0.67
Current Ratio	16.76	13.59	7.65	6.51	5.18	3.1	1.65	2.06	1.57
Quick Ratio	16.59	13.21	6.39	5.63	4.36	2.81	1.53	1.02	0.98
CFO/Avg Current Liab	- -	-5.78	-9.04	-7.76	-1.13	0.88	0.6	0.05	0.36
Common Equity/Total Assets	-64.22	-161.86	-375.88	-350.07	-342.57	-411.94	-327.8	-141.7	-122.1
Long-Term Debt/Equity (%)	- -	- -	43.21	43.81	29.93	41.99	0.14	122.47	84.99
Long-Term Debt/Capital (%)	- -	- -	-7.65	-8.07	-6.04	-5.69	-0.02	-38.38	-27.29
Long-Term Debt/Total Assets (%)	- -	- -	26.7	26.07	19.21	21.94	0.07	39.3	24.13
Total Debt/Equity (%)	- -	- -	43.21	45.6	37.98	49.89	34.9	122.47	118.6
Total Debt/Capital (%)	- -	- -	-7.65	-8.4	-7.66	-6.75	-5.48	-38.38	-38.08
Total Debt/Total Assets (%)	- -	- -	26.7	27.14	24.38	26.06	17.02	39.3	33.67
CFO/Total Liabilities	- -	-402.42	-276.39	-209.7	-48	40.34	41.9	1.87	15.96
CFO/CapEx	- -	-34.51	-9.76	-446.92	-1.45	1.73	8.79	0.1	31.6
Altman's Z-Score	0.22	9.25	3.53	2.11	2.74	-3.06	0.25	1.69	3.26

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	4.05	0.15	7.91	5.8	12.02	8.89	9.34
Days Sales Outstanding	- -	- -	90.01	2,438.01	46.13	62.89	30.36	41.04	39.07
Inventory Turnover	- -	- -	2.38	0.54	3.16	12.53	14.42	1.93	2.43
Days Inventory Outstanding	- -	- -	153.09	678.93	115.68	29.14	25.32	188.85	150.33
Accounts Payable Turnover	- -	- -	0.83	0.89	1.04	3.92	6.05	9.95	4.94
Accounts Payable Turnover Days	- -	- -	437.3	410.41	352.01	93.09	60.32	36.69	73.9
Cash Conversion Cycle	- -	- -	-194.2	2,706.53	-190.19	-1.06	-4.64	193.2	115.51
Inventory to Cash Days	- -	- -	-63.08	1,759.08	-69.55	33.75	5.04	-147.82	-111.26
Inventories	- -	- -	- -	1	1	1	1	15	15
Raw Materials	- -	- -	- -	- -	- -	- -	- -	5	1
Work In Process	- -	- -	- -	- -	- -	- -	- -	3	9
Finished Goods	- -	- -	- -	- -	- -	- -	- -	7	7
Other Inventory	- -	- -	- -	1	1	1	1	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	39	128	171	108	71	112	345	455
- Cash & Cash Equivalents	13	27	12	21	14	16	21	15	26
+ Preferred Equity and Hybrid Capital	19	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	5	7	7	7	5	30	31
Enterprise Value	6	13	120	157	100	61	96	360	460
Total Capital	10	-46	-60	-85	-87	-97	-99	-78	-81
Total Debt/Capital (%)	- -	- -	-7.65	-8.4	-7.66	-6.75	-5.48	-38.38	-38.08
Total Debt / EV	- -	- -	0.04	0.05	0.07	0.11	0.06	0.08	0.07
EV/Sales	- -	- -	125.52	4,016.88	4.6	2.88	3.04	9.23	5.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	143.78
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	12.68	14.14	371.42	43.72
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	8.03	12.69	32.77	42.38
Diluted Market Cap	- -	39	128	171	108	71	112	345	455
Diluted Enterprise Value	6	13	120	157	100	61	96	360	460
EV per Share	- -	1.95	6.78	7.46	3.98	2.43	3.76	13.9	17.1
TTM Sales	- -	- -	1	- -	22	21	32	39	80
TTM EBITDA	- -	-10	-18	-26	-1	-6	- -	-1	3
TTM Operating Income	- -	-10	-19	-27	-1	-8	-1	-3	-1
TTM Cash Flow to Firm	- -	-8	-18	-22	-5	5	7	1	11
TTM Free Cash Flow to Firm	- -	-8	-16	-22	-1	8	8	11	11

Multiples (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	-4.97	-7.9	-7.66	-73.97	9.32	14.8	31.41	41.91
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	6	13	120	157	100	61	96	360	460
Low Price	- -	5.79	5.13	2.5	3.54	1.95	2.42	3.03	11.09
EV/Sales	- -	- -	125.52	4,016.88	4.6	2.88	3.04	9.23	5.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	143.78
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-1.06	-6.61	-4.77	-83.21	-8.67	-104.09	-37.8	-95.33
Price/Earnings High	- -	-1.15	-9.89	-7.06	-132.8	-13.32	-159.19	-94.69	-134.51
Price/Earnings Low	- -	-1	-4.97	-1.88	-45.64	-5.44	-66.3	-20.52	-64.86
Price/Book Value	- -	-0.86	-1.99	-1.85	-1.15	-0.69	-1.08	-3.2	-4.05
Price/Book Value Average	- -	-0.86	-1.89	-1.45	-1.73	-0.76	-0.94	-1.34	-3.9
Price/Book Value High	- -	-0.94	-2.82	-2.14	-2.76	-1.17	-1.43	-3.36	-5.5
Price/Book Value Low	- -	-0.81	-1.42	-0.57	-0.95	-0.48	-0.6	-0.73	-2.65
Price/Tangible Book Value	- -	1.49	13.02	11.32	7.72	8.52	10.46	-33	-96.32
Price/Tangible Book Value Average	- -	1.5	12.32	8.84	11.61	9.4	9.07	-13.82	-92.84
Price/Tangible Book Value High	- -	1.63	18.44	13.09	18.53	14.44	13.88	-34.63	-131.01
Price/Tangible Book Value Low	- -	1.41	9.27	3.48	6.37	5.89	5.78	-7.51	-63.17
Price/Sales	- -	- -	133.35	4,379.78	4.95	3.34	3.55	8.84	5.69
Price/Sales Average	- -	- -	126.18	3,418.35	7.45	3.68	3.08	3.7	5.49
Price/Sales High	- -	- -	188.91	5,063.89	11.89	5.66	4.71	9.28	7.74
Price/Sales Low	- -	- -	95.01	1,346.79	4.09	2.31	1.96	2.01	3.73
Price/Cash Flow	- -	-4.82	-7.09	-7.64	-22.91	14.71	16.48	355.96	43.24
Price/Cash Flow Average	- -	-4.83	-6.71	-5.97	-34.46	16.22	14.3	149.13	41.68
Price/Cash Flow High	- -	-5.26	-10.05	-8.84	-55	24.93	21.86	373.59	58.81
Price/Cash Flow Low	- -	-4.56	-5.05	-2.35	-18.9	10.17	9.11	80.97	28.36
Price/Free Cash Flow Average	- -	-4.98	-7.48	-5.98	-111.27	10.28	12.84	13.16	40.4
Price/Free Cash Flow High	- -	-5.42	-11.2	-8.86	-177.59	15.8	19.63	32.96	57
Price/Free Cash Flow Low	- -	-4.7	-5.63	-2.36	-61.03	6.44	8.18	7.14	27.49
EV/Sales Average	- -	- -	118.36	3,055.45	7.1	3.22	2.57	4.09	5.55
EV/Sales High	- -	- -	181.08	4,701	11.54	5.2	4.2	9.66	7.8
EV/Sales Low	- -	- -	87.18	983.9	3.73	1.85	1.46	2.4	3.8
EV/EBITDA Average	- -	-1.23	-6.25	-4.5	-150.01	-10.55	-279.87	-109.92	138.65
EV/EBITDA High	- -	-1.57	-9.57	-6.93	-243.87	-17.02	-457.08	-259.82	194.99
EV/EBITDA Low	- -	-1.02	-4.61	-1.45	-78.92	-6.05	-158.33	-64.4	94.84
EV/EBIT Average	- -	-1.22	-6.1	-4.4	-103.65	-8.28	-68.32	-61.41	-525.68
EV/EBIT High	- -	-1.56	-9.34	-6.76	-168.51	-13.37	-111.59	-145.17	-739.29
EV/EBIT Low	- -	-1.01	-4.49	-1.42	-54.53	-4.75	-38.65	-35.98	-359.58
Last Price	- -	6.12	7.2	8.13	4.29	2.82	4.38	13.32	16.91
High Price	- -	6.68	10.2	9.4	10.3	4.78	5.81	13.98	23
Enterprise Value Average	6	13	114	119	155	68	81	159	444
Enterprise Value High	6	16	174	183	252	110	133	377	624
Enterprise Value Low	6	10	84	38	82	39	46	93	303

Shares Outstanding	16	18	18	24	25	25	26	27	27
Diluted Weighted Avg Shares	- -	6	18	21	25	25	26	26	27
Basic Weighted Avg Shares	- -	6	18	21	25	25	26	26	27
Revenue per Share	- -	- -	0.05	- -	0.87	0.85	1.23	1.51	2.97
EBITDA per Share	- -	-1.6	-1.02	-1.26	-0.04	-0.26	-0.01	-0.06	0.12
Operating Income per Share	- -	-1.61	-1.05	-1.29	-0.06	-0.33	-0.05	-0.1	-0.03
Basic EPS, GAAP	- -	-5.8	-1.03	-1.33	-0.08	-0.36	-0.04	-0.15	-0.17
Basic EPS from Cont Ops	- -	-1.99	-1.03	-1.33	-0.08	-0.36	-0.04	-0.15	-0.17
Diluted EPS, GAAP	- -	-5.8	-1.03	-1.33	-0.08	-0.36	-0.04	-0.15	-0.17
Diluted EPS from Cont Ops	- -	-1.99	-1.03	-1.33	-0.08	-0.36	-0.04	-0.15	-0.17
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	-1.27	-1.01	-1.06	-0.19	0.19	0.27	0.04	0.39
Free Cash Flow per Basic Share	- -	-1.31	-1.12	-1.07	-0.32	0.08	0.24	-0.35	0.38
Cash & Equivalents per Share	- -	4.17	0.68	1.01	0.57	0.65	0.83	0.58	0.96
Book Value per Share	- -	-7.14	-3.61	-4.39	-3.73	-4.1	-4.06	-4.17	-4.18
Tangible Book Value per Share	- -	4.1	0.55	0.72	0.56	0.33	0.42	-0.4	-0.18

Eton Pharmaceuticals, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)