FibroGen, Inc. Financial Ratios — FGEN Stock

Profitability (USD)

	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
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-5.31	-15.25	-17.98	-12.35	-17.67	-9.71	-8.86	-22.48	-36.24	-42.44	-55	-14.91
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	99.55	94.97	94.53	85.59	91.53	47.47
EBITDA Margin (%)	-32.8	-2.8	-33.16	-39.79	-24.02	-84.87	-37.63	-26.45	-96.32	-116.32	-206.36	-641.38	-433.04
Operating Margin (%)	-41.29	-7.78	-36.41	-42.93	-27.32	-89.53	-40.71	-34.81	-108.83	-122.62	-213.9	-662.6	-442.13
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-49.55	-14.63	-43.24	-47.3	-31.74	-92.03	-40.44	-29.87	-107.04	-123.53	-209.52	-690.6	-517.76
Profit Margin (%)	-49.4	-14.63	-43.24	-47.44	-31.7	-92.27	-40.58	-30	-107.36	-123.25	-208.66	-607.29	-160.63
Net Income to Common Margin (%)	-49.4	-14.63	-43.24	-47.44	-31.7	-92.27	-40.58	-30	-107.36	-123.25	-208.66	-607.29	-160.63
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	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
Total Debt	93	97	97	97	97	98	97	51	40	100	90	150	73
ST Debt	1	- -	- -	- -	- -	- -	- -	12	14	11	10	13	- -
LT Debt	92	96	97	97	97	98	97	39	26	89	80	137	73
Total Debt/EBITDA	-4.31	-33.79	-2.13	-1.35	-2.21	-0.88	-1.21	-0.75	-0.23	-0.36	-0.31	-0.5	-0.57
Net Debt/EBITDA	1.8	26.64	3.63	2.13	3.95	6.06	1.11	1.86	3.99	0.63	0.54	0.03	-0.18
Total Debt/EBIT	-3.42	-12.18	-1.94	-1.25	-1.95	-0.83	-1.12	-0.57	-0.21	-0.35	-0.3	-0.48	-0.56
Net Debt/EBIT	1.43	9.6	3.3	1.98	3.47	5.74	1.03	1.41	3.54	0.59	0.52	0.03	-0.17
EBITDA to Interest Expense	-2.16	-0.27	-4.11	-6.52	-4.1	-11.45	-7.29	-23.6	-70.7	-127.13	-201.68	-37.08	-15.55
EBITDA-CapEx/Interest Expense	-2.23	-0.9	-4.84	-6.7	-4.22	-12.33	-8.02	-25.6	-72.37	-141.16	-228.58	-37.39	-15.59
EBIT to Interest Expense	-2.72	-0.74	-4.51	-7.04	-4.67	-12.08	-7.89	-31.05	-79.88	-134.01	-209.05	-38.31	-15.88
Interest Expense	10	11	11	11	11	10	11	3	2	2	1	8	8
Common Equity/Total Assets	-93.27	-88.45	-66.53	-86.58	-99.9	-70.09	-81.19	-91.42	-117.69	-163.23	-255.17	-434.66	-880.31
Long-Term Debt/Equity (%)	75.7	89.59	40.23	49.3	55.6	17.85	18.38	7.2	5.94	38.75	- -	- -	- -
Long-Term Debt/Capital (%)	51.97	57.8	-47.18	-33.33	-27.62	-19.06	-16.23	-5.4	-2.87	-7.76	-5.5	-8.3	-4.12
Long-Term Debt/Total Assets (%)	34.83	32.47	20.02	20.62	20.73	10.88	11.03	4.5	3.17	11.47	13.05	32.34	34.07
Total Debt/Equity (%)	76.3	89.97	40.39	49.3	55.6	17.85	18.38	9.51	9.01	43.52	-6,073.31	-92.24	-39.8
Total Debt/Capital (%)	52.38	58.04	-47.38	-33.33	-27.62	-19.06	-16.23	-7.13	-4.35	-8.72	-6.21	-9.07	-4.12
Total Debt/Total Assets (%)	35.1	32.6	20.11	20.62	20.73	10.88	11.03	5.94	4.81	12.89	14.73	35.33	34.07
Net Debt to Equity	-31.81	-70.94	-68.75	-77.9	-99.24	-122.99	-16.89	-23.58	-153.67	-74.73	10,520.27	5.93	-12.31
Net Debt/Capital (%)	-27.94	-84.39	44.64	34.5	33.02	56.78	12.98	15.03	42.6	13.02	9.72	0.56	-1.24
EBITDA	-22	-3	-46	-72	-44	-111	-80	-68	-170	-274	-290	-300	-128
EBITDA-CapEx	-22	-10	-54	-74	-45	-120	-88	-74	-174	-304	-329	-303	-129
Operating Income (Loss)	-27	-8	-50	-78	-50	-117	-87	-89	-192	-289	-301	-310	-131

Liquidity (USD)

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	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
Cash Ratio	1.68	3.28	2.87	2.7	3.89	8.56	6.98	5.19	4.21	1.8	1.54	0.93	0.38
Current Ratio	2.23	3.83	3.16	2.99	4.09	8.71	7.75	6.84	4.63	2.1	1.8	1.52	1.47
Quick Ratio	2.06	3.74	3.08	2.93	4.05	8.66	7.69	6.69	4.46	1.91	1.6	1.09	0.6
CFO/Avg Current Liab	- -	0.85	0.45	-0.29	0.11	-0.88	-0.87	-0.82	0.61	-0.42	-0.58	-1.28	-0.79
Common Equity/Total Assets	-93.27	-88.45	-66.53	-86.58	-99.9	-70.09	-81.19	-91.42	-117.69	-163.23	-255.17	-434.66	-880.31
Long-Term Debt/Equity (%)	75.7	89.59	40.23	49.3	55.6	17.85	18.38	7.2	5.94	38.75	- -	- -	- -
Long-Term Debt/Capital (%)	51.97	57.8	-47.18	-33.33	-27.62	-19.06	-16.23	-5.4	-2.87	-7.76	-5.5	-8.3	-4.12
Long-Term Debt/Total Assets (%)	34.83	32.47	20.02	20.62	20.73	10.88	11.03	4.5	3.17	11.47	13.05	32.34	34.07
Total Debt/Equity (%)	76.3	89.97	40.39	49.3	55.6	17.85	18.38	9.51	9.01	43.52	-6,073.31	-92.24	-39.8
Total Debt/Capital (%)	52.38	58.04	-47.38	-33.33	-27.62	-19.06	-16.23	-7.13	-4.35	-8.72	-6.21	-9.07	-4.12
Total Debt/Total Assets (%)	35.1	32.6	20.11	20.62	20.73	10.88	11.03	5.94	4.81	12.89	14.73	35.33	34.07
CFO/Total Liabilities	-3.91	13.69	9.23	-6.78	2.41	-18.95	-21.62	-24.44	21.17	-15.1	-23.86	-53.78	-34.66
CFO/CapEx	-7.53	3.81	2.76	-9.39	5.68	-7.83	-9.49	-13.66	20.43	-2.72	-3.77	-125.06	-518.79
Altman's Z-Score	-1.26	-0.55	-0.6	-0.87	-0.74	-0.15	-0.14	-0.21	-1.14	-2.77	-4.48	-8.07	-13.85

Working Capital (USD)

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	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
Accounts Receivable Turnover	- -	7.78	8.89	12.53	14.17	13.86	5.9	5.57	5.01	7.94	8.35	4.37	10.58
Days Sales Outstanding	- -	46.94	41.05	29.12	25.76	26.33	61.82	65.54	72.8	45.98	43.7	83.52	34.51
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	0.33	0.76	0.54	0.57	0.14	1.53
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	1,095.8	481.86	674.15	642.99	2,653.62	238.41
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	1.06	1.2	1.08	1.04	-0.83	0.15
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	345.9	304.4	339.48	349.35	-440.02	2,465.11
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	815.44	250.26	380.65	337.34	3,177.16	-2,192.19
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	-1,030.26	-409.05	-628.17	-599.29	-2,570.1	-203.89
Inventories	- -	- -	- -	- -	- -	- -	- -	7	17	31	40	17	3
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	2	1	1	1	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	2	8	21	36	16	3
Finished Goods	- -	- -	- -	- -	- -	- -	- -	4	6	8	3	6	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6	- -

Enterprise Value (USD)

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	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
Market Capitalization	- -	- -	21	74	54	138	156	149	133	52	60	3	2
- Cash & Cash Equivalents	39	76	165	153	174	674	89	126	678	171	156	82	50
+ Preferred Equity and Hybrid Capital	305	305	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	28	28	19	19	19	19	19	19	19	20	20	42	42
+ Total Debt	93	97	97	97	97	98	97	51	40	100	90	150	73
Enterprise Value	386	307	-43	9	-83	-480	-349	-315	-494	-233	-252	-8	67
Total Capital	178	167	-205	-291	-352	-513	-599	-714	-914	-1,143	-1,447	-1,649	-1,773
Total Debt/Capital (%)	52.38	58.04	-47.38	-33.33	-27.62	-19.06	-16.23	-7.13	-4.35	-8.72	-6.21	-9.07	-4.12
Total Debt / EV	0.24	0.32	-2.27	11.18	-1.18	-0.2	-0.28	-0.16	-0.08	-0.43	-0.36	-17.77	1.1
EV/Sales	5.85	3	3.27	0.05	6.58	21.69	15.9	12.67	15.34	4.32	8.43	1.59	2.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	87.87	8.37	13.42	- -	67.69	- -	- -	- -	32.2	- -	- -	- -	- -
EV/Free Cash Flow to Firm	75.14	7.06	10.81	- -	63.24	- -	- -	- -	30.74	- -	- -	- -	- -
Diluted Market Cap	- -	- -	21	74	54	138	156	149	133	52	60	3	2
Diluted Enterprise Value	387	353	-28	37	-3	-418	183	93	-486	1	14	113	67
EV per Share	204.01	162.15	23.97	3.6	19.22	38.92	40.27	37.54	30.11	11.01	12.68	0.76	16.67
TTM Sales	66	102	138	181	183	131	213	257	176	235	141	47	30
TTM EBITDA	-22	-3	-46	-72	-44	-111	-80	-68	-170	-274	-290	-300	-128
TTM Operating Income	-27	-8	-50	-78	-50	-117	-87	-89	-192	-289	-301	-310	-131
TTM Cash Flow to Firm	4	37	34	-8	18	-57	-65	-76	84	-80	-144	-307	-130
TTM Free Cash Flow to Firm	5	43	42	-6	19	-48	-57	-70	88	-50	-106	-304	-130

Multiples (USD)

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	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
Price/Free Cash Flow	- -	- -	0.67	-4.43	6.42	-2.39	-2.28	-2.04	1.56	-1	-0.56	-0.01	-0.02
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	386	307	-43	9	-83	-480	-349	-315	-494	-233	-252	-8	67
Low Price	- -	- -	20.1	16.95	14.38	20.95	37.27	32.33	22.65	9.88	7.81	0.33	0.18
EV/Sales	5.85	3	3.27	0.05	6.58	21.69	15.9	12.67	15.34	4.32	8.43	1.59	2.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-0.32	-0.74	-0.83	-0.87	-2.06	-2.05	-0.77	-0.29	-0.17	-0.14	-0.08
Price/Earnings High	- -	- -	-0.4	-1.14	-1.38	-1.45	-2.67	-2.76	-0.98	-0.73	-0.23	-0.35	-0.25
Price/Earnings Low	- -	- -	-0.25	-0.48	-0.62	-0.51	-1.45	-1.46	-0.43	-0.13	-0.1	- -	-0.02
Price/Book Value	- -	- -	-0.06	-0.18	-0.11	-0.22	-0.22	-0.19	-0.14	-0.04	-0.04	- -	- -
Price/Book Value Average	- -	- -	-0.06	-0.16	-0.1	-0.17	-0.25	-0.2	-0.15	-0.07	-0.03	-0.02	- -
Price/Book Value High	- -	- -	-0.07	-0.24	-0.17	-0.28	-0.32	-0.27	-0.19	-0.17	-0.04	-0.05	-0.01
Price/Book Value Low	- -	- -	-0.05	-0.1	-0.08	-0.1	-0.18	-0.14	-0.08	-0.03	-0.02	- -	- -
Price/Tangible Book Value	- -	- -	0.09	0.37	0.31	0.25	0.29	0.28	0.3	0.23	-40.52	-0.02	-0.01
Price/Tangible Book Value Average	- -	- -	0.08	0.32	0.28	0.19	0.34	0.3	0.33	0.37	-33.13	-0.24	-0.02
Price/Tangible Book Value High	- -	- -	0.1	0.5	0.46	0.32	0.44	0.4	0.42	0.92	-46.31	-0.62	-0.06
Price/Tangible Book Value Low	- -	- -	0.06	0.21	0.21	0.11	0.24	0.21	0.18	0.16	-19.75	-0.01	- -
Price/Sales	- -	- -	0.15	0.41	0.29	1.06	0.73	0.58	0.76	0.22	0.43	0.07	0.07
Price/Sales Average	- -	- -	0.14	0.35	0.26	0.81	0.83	0.62	0.83	0.36	0.35	0.82	0.13
Price/Sales High	- -	- -	0.17	0.54	0.44	1.34	1.08	0.83	1.05	0.9	0.49	2.14	0.4
Price/Sales Low	- -	- -	0.11	0.23	0.2	0.47	0.59	0.44	0.46	0.16	0.21	0.03	0.02
Price/Cash Flow	- -	- -	0.92	-3.96	7.56	-2.08	-2.04	-1.89	1.63	-0.63	-0.41	-0.01	-0.02
Price/Cash Flow Average	- -	- -	0.86	-3.41	6.8	-1.59	-2.33	-2.01	1.78	-1.03	-0.34	-0.12	-0.03
Price/Cash Flow High	- -	- -	1.05	-5.28	11.26	-2.64	-3.03	-2.7	2.27	-2.57	-0.47	-0.32	-0.08
Price/Cash Flow Low	- -	- -	0.67	-2.2	5.08	-0.92	-1.65	-1.42	1	-0.44	-0.2	- -	-0.01
Price/Free Cash Flow Average	- -	- -	0.63	-3.81	5.78	-1.82	-2.61	-2.17	1.7	-1.62	-0.46	-0.12	-0.03
Price/Free Cash Flow High	- -	- -	0.77	-5.9	9.58	-3.03	-3.38	-2.91	2.16	-4.06	-0.64	-0.32	-0.09
Price/Free Cash Flow Low	- -	- -	0.49	-2.47	4.32	-1.05	-1.84	-1.54	0.95	-0.7	-0.27	- -	-0.01
EV/Sales Average	5.87	3.46	3.16	0.15	6.28	15.91	0.96	0.4	17.13	0.14	0.02	3.17	2.31
EV/Sales High	5.87	3.46	3.94	0.34	0.13	29.26	1.21	0.61	22.76	0.68	0.16	4.49	2.58
EV/Sales Low	5.87	3.46	2.39	0.02	4.61	7.42	0.72	0.22	8.03	3.66	4.87	2.38	2.2
EV/EBITDA Average	-17.89	-123.25	0.65	-0.37	0.2	4.06	-2.56	-1.5	2.79	-0.12	-0.01	-0.49	-0.53
EV/EBITDA High	-17.89	-123.25	0.55	-0.85	-0.52	3.43	-3.22	-2.3	2.56	-0.58	-0.08	-0.7	-0.59
EV/EBITDA Low	-17.89	-123.25	0.74	-0.05	0.48	4.46	-1.9	-0.82	3.17	0.05	0.06	-0.37	-0.51
EV/EBIT Average	-14.21	-44.42	0.59	-0.34	0.18	3.85	-2.36	-1.14	2.47	-0.11	-0.01	-0.48	-0.52
EV/EBIT High	-14.21	-44.42	0.51	-0.79	-0.46	3.25	-2.97	-1.75	2.26	-0.55	-0.08	-0.68	-0.58
EV/EBIT Low	-14.21	-44.42	0.68	-0.05	0.42	4.22	-1.76	-0.63	2.8	0.05	0.06	-0.36	-0.5
Last Price	- -	- -	27.34	30.47	21.4	47.4	46.28	42.89	37.09	14.1	16.02	0.89	0.53
High Price	- -	- -	31.48	40.59	31.9	60.15	68.55	61.23	51.56	57.21	18.31	25.69	2.93
Enterprise Value Average	387	353	-30	26	-9	-451	205	102	-474	33	3	149	68
Enterprise Value High	387	353	-25	61	23	-381	258	156	-434	160	23	210	76
Enterprise Value Low	387	353	-34	4	-21	-495	152	56	-538	-15	-17	111	65

	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
Shares Outstanding	2	2	2	2	3	3	3	4	4	4	4	4	4
Diluted Weighted Avg Shares	2	2	1	2	3	3	3	3	4	4	4	4	4
Basic Weighted Avg Shares	2	2	1	2	3	3	3	3	4	4	4	4	4
Revenue per Share	34.87	54.03	183.22	74.92	72.99	44.87	63.33	74.04	49.06	63.7	37.6	12.03	7.4
EBITDA per Share	-11.44	-1.52	-60.76	-29.81	-17.53	-38.08	-23.83	-19.58	-47.25	-74.1	-77.58	-77.13	-32.05
Operating Income per Share	-14.4	-4.2	-66.71	-32.16	-19.94	-40.17	-25.78	-25.77	-53.39	-78.11	-80.42	-79.68	-32.73
Basic EPS, GAAP	-17.22	-7.9	-79.23	-35.54	-23.14	-41.4	-25.7	-22.21	-52.67	-78.51	-78.45	-73.03	-11.89
Basic EPS from Cont Ops	-17.22	-7.9	-79.23	-35.54	-23.14	-41.4	-25.7	-22.21	-52.67	-78.51	-78.45	-82.98	-38.26
Diluted EPS, GAAP	-17.22	-7.9	-79.23	-35.54	-23.14	-41.4	-25.7	-22.21	-52.67	-78.51	-78.45	-73.03	-11.89
Diluted EPS from Cont Ops	-17.22	-7.9	-79.23	-35.54	-23.14	-41.4	-25.7	-22.21	-52.67	-78.51	-78.45	-82.98	-38.26
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-2.96	13.71	29.85	-7.69	2.83	-22.78	-22.65	-22.71	22.7	-22.26	-38.99	-80.94	-34.48
Free Cash Flow per Basic Share	-3.36	10.11	19.04	-8.51	2.33	-25.69	-25.03	-24.37	21.59	-30.43	-49.33	-81.59	-34.55
Cash & Equivalents per Share	21.09	64.94	239.44	75.07	100.88	252	184.8	154.03	191.01	109.69	112.74	52.27	12.61
Book Value per Share	-130.99	-138.89	-428.35	-168.82	-186.91	-215.73	-212.63	-226.2	-270.74	-341.94	-415.88	-472.99	-471.91
Tangible Book Value per Share	-96.54	-104.25	320.47	81.55	69.77	187.61	157.17	154.5	122.82	62.02	-0.4	-41.67	-45.89

FibroGen, Inc.

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Per Share Data Items (USD)