National Vision Holdings, Inc. Financial Ratios — EYE Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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 (%)	- -	- -	- -	43.59	35.74	28.83	60.64	14.03	-22.85	-11.81	12.24
Return on Assets (%)	- -	0.89	2.77	1.46	1.78	1.66	5.54	1.84	-2.95	-1.36	1.48
Return on Capital (%)	- -	4.68	- -	- -	- -	7.27	12.33	3.29	-4.84	- -	4.19
Return on Invested Capital (%)	- -	3.33	- -	- -	- -	5.56	8.01	2.15	0.55	- -	2.7
Gross Margin (%)	53.78	54.46	53.69	53.57	53.23	54.05	56.49	59.4	58.17	58.1	58.77
EBITDA Margin (%)	9.08	10.36	9.99	8.74	9.84	11.72	13.52	9.99	7.32	7.05	8.09
Operating Margin (%)	4.93	5.95	5.48	3.9	4.78	6.37	8.63	3.54	1.55	1.62	3.06
Incremental Operating Margin (%)	- -	14.07	2.35	-9.55	12	-211.14	19.13	27.85	-27.82	3.44	19.08
Pretax Margin (%)	0.51	2.09	0.31	0.32	1.77	2.26	7.18	3.18	0.54	-1.41	2.1
Profit Margin (%)	0.34	1.12	3.14	1.54	1.9	2.12	6.17	2.56	-3.75	-1.56	1.49
Net Income to Common Margin (%)	0.34	1.12	3.14	1.54	1.9	2.12	6.17	2.56	-3.75	-1.56	1.49
Effective Tax Rate (%)	32.83	46.58	- -	- -	- -	6.21	14.12	29.72	62.88	- -	28.98
Dvd Payout Ratio (%)	4,027.29	- -	396.36	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	43.59	35.74	28.83	60.64	14.03	-22.85	-11.81	12.24

Credit (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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	748	746	569	578	953	1,041	973	1,003	923	816	695
ST Debt	7	7	7	8	66	62	65	81	96	201	107
LT Debt	741	738	562	571	888	979	908	921	828	615	588
Total Debt/EBITDA	7.75	6.02	4.14	4.3	5.62	5.19	3.46	6.11	7.18	6.35	4.32
Net Debt/EBITDA	7.67	5.96	4.03	3.99	2.93	1.27	0.85	2.06	2.3	2.05	1.23
Total Debt/EBIT	14.27	10.47	7.55	9.64	11.56	9.55	5.43	17.21	33.95	27.67	11.42
Net Debt/EBIT	14.12	10.36	7.33	8.94	6.03	2.33	1.33	5.8	10.86	8.93	3.25
EBITDA to Interest Expense	2.63	3.17	2.47	3.6	5.1	4.15	10.98	355.48	8.97	7.94	9.37
EBITDA-CapEx/Interest Expense	0.53	0.87	0.8	0.8	2.05	2.56	7.25	109.71	0.96	2.04	5.12
EBIT to Interest Expense	1.43	1.82	1.36	1.61	2.48	2.26	7	126.11	1.9	1.82	3.55
Interest Expense	37	39	56	37	33	48	26	- -	14	16	17
Common Equity/Total Assets	-1.55	-0.53	2.08	4.55	5.31	6.16	12.18	14.03	11.76	11.3	12.93
Long-Term Debt/Equity (%)	191.8	183.72	85.85	76.77	114.33	108.01	98.09	102.26	99.78	75.33	67.59
Long-Term Debt/Capital (%)	102.18	100.11	93.33	87.27	83.64	82.64	72.52	69.59	70.22	58.96	61.79
Long-Term Debt/Total Assets (%)	50.2	48.22	35.52	34.34	43.67	41.96	39.61	40.22	38.09	30.63	29.63
Total Debt/Equity (%)	193.62	185.53	86.96	77.79	122.79	114.85	105.1	111.29	111.3	99.96	79.88
Total Debt/Capital (%)	103.15	101.1	94.54	88.43	89.83	87.87	77.71	75.73	78.33	78.24	73.03
Total Debt/Total Assets (%)	50.68	48.7	35.98	34.8	46.9	44.61	42.44	43.77	42.49	40.64	35.02
Net Debt to Equity	191.59	183.63	84.49	72.19	64.02	28.05	25.68	37.52	35.6	32.24	22.75
Net Debt/Capital (%)	102.86	100.74	92.49	84.27	48.64	31.36	25.12	30.88	28.7	27.16	21.68
EBITDA	96	124	137	134	170	201	281	164	129	129	161
EBITDA-CapEx	19	34	44	30	68	124	186	51	14	33	88
Operating Income (Loss)	52	71	75	60	82	109	179	58	27	29	61

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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	0.03	0.02	0.02	0.08	0.14	1.14	0.89	0.67	0.38	0.16	0.09
Current Ratio	0.76	0.74	0.77	1.01	0.86	1.72	1.5	1.38	1	0.53	0.55
Quick Ratio	0.21	0.2	0.22	0.32	0.31	1.31	1.05	0.9	0.6	0.26	0.23
CFO/Avg Current Liab	- -	0.53	0.44	0.5	0.68	0.78	0.77	0.35	0.47	0.31	0.33
Common Equity/Total Assets	-1.55	-0.53	2.08	4.55	5.31	6.16	12.18	14.03	11.76	11.3	12.93
Long-Term Debt/Equity (%)	191.8	183.72	85.85	76.77	114.33	108.01	98.09	102.26	99.78	75.33	67.59
Long-Term Debt/Capital (%)	102.18	100.11	93.33	87.27	83.64	82.64	72.52	69.59	70.22	58.96	61.79
Long-Term Debt/Total Assets (%)	50.2	48.22	35.52	34.34	43.67	41.96	39.61	40.22	38.09	30.63	29.63
Total Debt/Equity (%)	193.62	185.53	86.96	77.79	122.79	114.85	105.1	111.29	111.3	99.96	79.88
Total Debt/Capital (%)	103.15	101.1	94.54	88.43	89.83	87.87	77.71	75.73	78.33	78.24	73.03
Total Debt/Total Assets (%)	50.68	48.7	35.98	34.8	46.9	44.61	42.44	43.77	42.49	40.64	35.02
CFO/Total Liabilities	7.63	8.64	9.73	11.61	13.14	16.47	18.94	8.57	12.88	11.22	13.13
CFO/CapEx	1.08	1.08	0.97	1.02	1.63	3.06	2.71	1.05	1.51	1.4	2.01
Altman's Z-Score	3.33	3.26	4.96	4.58	3.41	3.55	4.37	3.31	2.58	2.27	3.34

Working Capital (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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	- -	43.27	39.56	36.89	39.73	36.9	41.81	28.74	25.76	33.88	50.46
Days Sales Outstanding	- -	8.43	9.23	9.89	9.19	9.89	8.73	12.7	14.17	10.77	7.23
Inventory Turnover	- -	6.72	7.15	6.89	6.62	6.59	7.7	5.41	6.04	7.15	8.94
Days Inventory Outstanding	- -	54.3	51.06	52.99	55.12	55.41	47.39	67.47	60.38	51.07	40.81
Accounts Payable Turnover	- -	15.22	17.07	18.61	19.38	14.58	14.2	10.3	11.01	12.18	12.29
Accounts Payable Turnover Days	- -	23.99	21.38	19.61	18.83	25.03	25.71	35.45	33.14	29.97	29.71
Cash Conversion Cycle	- -	38.75	38.91	43.27	45.47	40.27	30.41	44.71	41.41	31.88	18.33
Inventory to Cash Days	- -	-45.86	-41.83	-43.09	-45.93	-45.52	-38.66	-54.77	-46.21	-40.3	-33.57
Inventories	75	87	91	116	128	111	124	123	120	94	89
Raw Materials	36	42	44	60	65	55	65	65	57	66	66
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	39	45	47	56	62	56	58	58	63	28	24
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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	- -	- -	2,432	2,138	2,549	3,649	3,927	3,094	1,639	819	2,043
- Cash & Cash Equivalents	6	5	4	17	39	374	306	229	150	74	39
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	748	746	569	578	953	1,041	973	1,003	923	816	695
Enterprise Value	742	741	2,997	2,699	3,463	4,316	4,594	3,868	2,412	1,561	2,699
Total Capital	725	738	602	654	1,061	1,185	1,252	1,324	1,179	1,043	951
Total Debt/Capital (%)	103.15	101.1	94.54	88.43	89.83	87.87	77.71	75.73	78.33	78.24	73.03
Total Debt / EV	1.01	1.01	0.19	0.21	0.28	0.24	0.21	0.26	0.38	0.52	0.26
EV/Sales	0.7	0.62	2.18	1.76	2.01	2.52	2.21	2.35	1.37	0.86	1.36
EV/EBITDA	7.69	5.98	21.82	20.09	20.41	21.52	16.34	23.55	18.76	12.14	16.79
EV/EBIT	14.17	10.4	39.75	45	42	39.59	25.61	66.38	88.73	52.93	44.38
EV/Cash Flow to Firm	6.88	6.25	4.56	9.38	17.24	15.4	16.35	32.36	13.53	10.35	17.03
EV/Free Cash Flow to Firm	4.01	3.55	4	6.88	11.46	12.09	12.2	16.59	8.23	6.34	11.67
Diluted Market Cap	- -	- -	2,519	2,227	2,649	3,750	4,613	3,112	1,639	819	2,080
Diluted Enterprise Value	742	741	3,084	2,788	3,563	4,417	5,281	3,886	2,412	1,561	2,736
EV per Share	10.27	10.25	50.04	35.56	44.06	53.57	56.15	48.45	30.8	19.86	34.11
TTM Sales	1,063	1,196	1,375	1,537	1,724	1,712	2,080	1,645	1,756	1,823	1,987
TTM EBITDA	96	124	137	134	170	201	281	164	129	129	161
TTM Operating Income	52	71	75	60	82	109	179	58	27	29	61
TTM Cash Flow to Firm	108	118	657	288	201	280	281	120	178	151	158
TTM Free Cash Flow to Firm	185	208	750	392	302	357	376	233	293	246	231

Multiples (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	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	- -	- -	13.73	10.55	9.94	12.03	13.02	13.37	5.7	3.57	9.49
EV/EBIT	14.17	10.4	39.75	45	42	39.59	25.61	66.38	88.73	52.93	44.38
Enterprise Value	742	741	2,997	2,699	3,463	4,316	4,594	3,868	2,412	1,561	2,699
Low Price	- -	- -	27.19	25.6	22.02	11.7	41.58	22.59	13.71	9.56	10.15
EV/Sales	0.7	0.62	2.18	1.76	2.01	2.52	2.21	2.35	1.37	0.86	1.36
EV/EBITDA	7.69	5.98	21.82	20.09	20.41	21.52	16.34	23.55	18.76	12.14	16.79
Price/Earnings	- -	- -	56.38	90.39	77.73	100.58	30.62	73.46	- -	- -	69.03
Price/Earnings Average	- -	- -	45.57	121.61	69.9	75.41	32.81	67.94	-27.75	-41.19	54.1
Price/Earnings High	- -	- -	56.59	149.63	85.47	111.04	42.06	93.89	-52.07	-66.49	79.85
Price/Earnings Low	- -	- -	37.75	82.14	52.78	25.98	26.53	42.81	-16.29	-26.36	27.13
Price/Book Value	- -	- -	73.92	28.27	23.62	25.39	14.06	9.63	6.42	3.61	7.96
Price/Book Value Average	- -	- -	59.74	38.04	21.24	19.04	15.07	8.9	7.16	5.17	6.24
Price/Book Value High	- -	- -	74.2	46.8	25.97	28.03	19.32	12.31	13.43	8.35	9.21
Price/Book Value Low	- -	- -	49.5	25.69	16.04	6.56	12.18	5.61	4.2	3.31	3.13
Price/Tangible Book Value	- -	- -	-5.39	-6.3	-8.54	-22.64	-29.26	-20.4	-11.01	-6.26	-25.79
Price/Tangible Book Value Average	- -	- -	-4.35	-8.47	-7.68	-16.97	-31.36	-18.86	-12.29	-8.98	-20.22
Price/Tangible Book Value High	- -	- -	-5.41	-10.42	-9.39	-24.99	-40.19	-26.07	-23.06	-14.49	-29.84
Price/Tangible Book Value Low	- -	- -	-3.61	-5.72	-5.8	-5.85	-25.35	-11.89	-7.21	-5.74	-10.14
Price/Sales	- -	- -	1.77	1.39	1.48	2.13	1.89	1.88	0.93	0.45	1.03
Price/Sales Average	- -	- -	1.43	1.87	1.33	1.6	2.02	1.74	1.04	0.64	0.81
Price/Sales High	- -	- -	1.78	2.3	1.63	2.35	2.59	2.4	1.95	1.04	1.19
Price/Sales Low	- -	- -	1.18	1.26	1	0.55	1.64	1.1	0.61	0.41	0.4
Price/Cash Flow	- -	- -	26.95	20.05	15.44	15.53	15.16	25.96	9.47	6.13	13.97
Price/Cash Flow Average	- -	- -	21.78	26.98	13.89	11.64	16.25	24.01	10.57	8.78	10.95
Price/Cash Flow High	- -	- -	27.05	33.19	16.98	17.14	20.83	33.18	19.83	14.18	16.16
Price/Cash Flow Low	- -	- -	18.04	18.22	10.49	4.01	13.14	15.13	6.21	5.62	5.49
Price/Free Cash Flow Average	- -	- -	11.1	14.19	8.94	9.02	13.95	12.37	6.35	5.12	7.44
Price/Free Cash Flow High	- -	- -	13.78	17.46	10.93	13.28	17.88	17.09	11.92	8.27	10.98
Price/Free Cash Flow Low	- -	- -	9.19	9.58	6.75	3.11	11.28	7.79	3.73	3.28	3.73
EV/Sales Average	0.7	0.62	1.84	2.24	1.86	1.99	2.34	2.21	1.48	1.05	1.14
EV/Sales High	0.7	0.62	2.19	2.67	2.16	2.74	2.91	2.87	2.39	1.45	1.52
EV/Sales Low	0.7	0.62	1.59	1.63	1.53	0.94	1.96	1.57	1.05	0.82	0.73
EV/EBITDA Average	7.69	5.98	18.42	25.59	18.89	16.96	17.34	22.13	20.23	14.9	14.05
EV/EBITDA High	7.69	5.98	21.88	30.53	21.9	23.41	21.56	28.79	32.69	20.51	18.79
EV/EBITDA Low	7.69	5.98	15.97	18.64	15.59	8.03	14.47	15.69	14.36	11.62	9.08
EV/EBIT Average	14.17	10.4	33.56	57.31	38.88	31.21	27.18	62.39	95.71	64.97	37.12
EV/EBIT High	14.17	10.4	39.87	68.36	45.07	43.07	33.79	81.15	154.66	89.41	49.65
EV/EBIT Low	14.17	10.4	29.09	41.75	32.07	14.77	22.69	44.23	67.93	50.64	23.99
Last Price	- -	- -	40.61	28.17	32.43	45.29	47.99	38.76	20.93	10.42	25.82
High Price	- -	- -	40.76	46.63	35.66	50	65.92	49.54	43.82	24.11	29.87
Enterprise Value Average	742	741	2,531	3,437	3,207	3,403	4,876	3,635	2,602	1,916	2,257
Enterprise Value High	742	741	3,006	4,100	3,717	4,695	6,061	4,728	4,205	2,637	3,020
Enterprise Value Low	742	741	2,194	2,504	2,645	1,610	4,070	2,577	1,847	1,493	1,459

Shares Outstanding	72	72	75	78	80	81	81	79	78	79	79
Diluted Weighted Avg Shares	72	72	62	79	82	83	96	80	78	79	81
Basic Weighted Avg Shares	72	72	60	76	79	81	82	80	78	79	79
Revenue per Share	14.7	16.55	22.96	20.25	21.94	21.25	25.42	20.6	22.43	23.2	25.12
EBITDA per Share	1.33	1.71	2.29	1.77	2.16	2.49	3.44	2.06	1.64	1.64	2.03
Operating Income per Share	0.72	0.99	1.26	0.79	1.05	1.35	2.19	0.73	0.35	0.38	0.77
Basic EPS, GAAP	0.05	0.18	0.72	0.31	0.42	0.45	1.57	0.53	-0.84	-0.36	0.37
Basic EPS from Cont Ops	0.05	0.18	0.72	0.31	0.42	0.45	1.57	0.46	0.05	-0.35	0.37
Diluted EPS, GAAP	0.05	0.18	0.7	0.3	0.4	0.44	1.33	0.52	-0.84	-0.36	0.37
Diluted EPS from Cont Ops	0.05	0.18	0.7	0.3	0.4	0.44	1.33	0.46	0.05	-0.35	0.37
Dividend per Share	2.02	- -	2.85	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.15	1.35	1.51	1.4	2.1	2.92	3.16	1.49	2.21	1.7	1.85
Free Cash Flow per Basic Share	0.08	0.1	-0.05	0.03	0.81	1.96	2	0.07	0.74	0.49	0.93
Cash & Equivalents per Share	0.08	0.07	0.07	0.23	0.5	4.64	3.74	2.87	1.91	0.94	0.49
Book Value per Share	-0.32	-0.11	0.55	1	1.37	1.78	3.41	4.03	3.26	2.89	3.24
Tangible Book Value per Share	-10.27	-9.87	-7.54	-4.47	-3.8	-2	-1.64	-1.9	-1.9	-1.66	-1

National Vision Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)