Avantor, Inc. Financial Ratios — AVG Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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 (%)	- -	- -	- -	- -	3.32	20.89	16.46	6.35	12.69	-9.2
Return on Assets (%)	- -	- -	-0.85	0.38	1.18	4.81	5.02	2.43	5.67	-4.44
Return on Capital (%)	- -	- -	- -	7.81	- -	7.86	8.06	4.96	8.59	- -
Return on Invested Capital (%)	- -	- -	- -	9	- -	7.89	8.17	4.98	8.72	- -
Gross Margin (%)	46.25	34.7	31.03	31.8	32.54	33.88	34.65	33.93	33.6	32.65
EBITDA Margin (%)	10.15	-8.91	13.95	15.74	17.24	18.3	20.44	15.77	21.97	2.5
Operating Margin (%)	1.43	-16.87	7.05	9.14	11.05	13.16	15.04	12.3	9.41	8.3
Incremental Operating Margin (%)	- -	- -	13.51	78.58	43.87	26.74	125.1	50.07	119.28	40.75
Pretax Margin (%)	-10.21	-36.89	-1.94	0.67	0.97	10.19	11.33	5.89	12.59	-6.74
Profit Margin (%)	-6.13	-9.03	-1.48	0.63	1.82	7.75	9.14	4.61	10.49	-8.09
Net Income to Common Margin (%)	-6.13	-9.03	-6.08	-1.9	0.81	6.88	8.82	4.61	10.49	-8.09
Effective Tax Rate (%)	- -	- -	- -	6.9	- -	23.96	19.34	21.78	16.68	- -
Dvd Payout Ratio (%)	-133.36	-956.66	75.62	105.67	- -	- -	1.24	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	3.32	20.89	16.25	6.35	12.69	-9.2

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
ST Debt	- -	109	142	94	26	45	364	260	821	31
LT Debt	- -	7,009	6,782	5,023	4,868	6,978	5,923	5,277	3,235	3,916
Total Debt/EBITDA	- -	-64.01	8.46	5.38	4.44	5.2	4.09	5.04	2.72	24.06
Net Debt/EBITDA	- -	-62.34	8.24	5.19	4.18	4.97	3.85	4.8	2.55	21.83
Total Debt/EBIT	- -	-33.83	16.75	9.27	6.92	7.22	5.56	7.95	3.74	-16.03
Net Debt/EBIT	- -	-32.95	16.3	8.93	6.52	6.91	5.23	7.57	3.5	-14.54
EBITDA to Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBITDA-CapEx/Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBIT to Interest Expense	0.12	-1.05	0.79	1.25	2.3	4.47	4.25	3.01	2.92	3.2
Interest Expense	80	201	524	440	308	217	266	285	219	170
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
Net Debt to Equity	- -	-264.58	-220.86	200.22	172.28	160.15	121.81	100.4	63.69	64.35
Net Debt/Capital (%)	- -	160.76	182.74	66.69	63.27	61.56	54.92	50.1	38.91	39.15
EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
EBITDA-CapEx	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
Operating Income (Loss)	10	-210	414	552	707	972	1,130	857	638	544

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	0.17	0.17	0.17	0.23	0.21	0.22	0.18	0.13	0.26
Current Ratio	- -	1.66	1.73	1.88	1.8	1.71	1.6	1.61	1.07	1.78
Quick Ratio	- -	0.96	1.02	1.09	1.13	1.05	0.96	0.95	0.65	1.04
CFO/Avg Current Liab	- -	- -	0.18	0.33	0.8	0.71	0.54	0.55	0.48	0.37
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
CFO/Total Liabilities	- -	-1.28	1.55	4.84	12.86	9.83	9.8	11.27	13.65	10.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.78	3.48	3.97	4.54	5.21	4.81	4.93	5.16	4.05

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	- -	6.49	6.29	6.08	6.33	6.16	5.88	6.21	6.21
Days Sales Outstanding	- -	- -	56.21	58.01	60	57.7	59.29	62.04	58.78	58.75
Inventory Turnover	- -	- -	5.92	5.96	5.95	6.06	5.5	5.29	5.78	5.7
Days Inventory Outstanding	- -	- -	61.65	61.24	61.39	60.23	66.37	69.05	63.19	64.09
Accounts Payable Turnover	- -	- -	7.31	7.44	7.01	7	6.54	6.53	6.84	6.41
Accounts Payable Turnover Days	- -	- -	49.9	49.03	52.09	52.18	55.78	55.91	53.36	56.97
Cash Conversion Cycle	- -	- -	67.95	70.21	69.3	65.76	69.88	75.18	68.61	65.87
Inventory to Cash Days	- -	- -	-5.44	-3.23	-1.38	-2.52	-7.08	-7	-4.41	-5.35
Inventories	- -	695	671	711	740	872	914	828	732	818
Raw Materials	- -	87	105	125	123	156	181	167	149	152
Work In Process	- -	30	34	37	38	50	59	66	65	65
Finished Goods	- -	578	532	550	579	666	673	595	517	602
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	5,109	6,953	8,816	10,266	15,416	25,004	14,035	15,498	14,174	7,613
- Cash & Cash Equivalents	- -	185	185	187	287	302	373	263	262	365
+ Preferred Equity and Hybrid Capital	- -	- -	- -	1,004	1,004	1,004	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
Enterprise Value	5,109	13,886	15,556	16,200	21,027	32,729	19,949	20,771	17,968	11,193
Total Capital	- -	4,498	3,873	7,579	7,568	11,220	11,143	10,789	10,013	9,511
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt / EV	- -	0.51	0.45	0.32	0.23	0.21	0.32	0.27	0.23	0.35
EV/Sales	7.39	11.13	2.65	2.68	3.29	4.43	2.66	2.98	2.65	1.71
EV/EBITDA	72.77	- -	19.02	17.04	19.08	24.22	12.99	18.91	12.06	68.25
EV/EBIT	516.02	- -	37.62	29.36	29.75	33.67	17.65	29.83	16.56	- -
EV/Cash Flow to Firm	- -	- -	- -	21.21	- -	29.25	18.86	19.01	17.56	- -
EV/Free Cash Flow to Firm	- -	- -	- -	21.21	- -	29.25	18.86	19.01	17.56	- -
Diluted Market Cap	4,698	8,096	10,265	7,191	15,504	24,590	14,141	15,539	14,197	7,597
Diluted Enterprise Value	4,698	15,028	17,005	13,124	21,115	32,315	20,055	20,813	17,991	11,178
EV per Share	9.56	32.56	36.48	28.28	36.25	53.68	29.59	30.7	26.39	16.41
TTM Sales	691	1,247	5,864	6,040	6,394	7,386	7,512	6,967	6,784	6,552
TTM EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
TTM Operating Income	10	-210	414	552	707	972	1,130	857	638	544
TTM Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -
TTM Free Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	64.44	-48.33	51.2	20.31	16.67	25.79	16.76	17.86	16.89	12.18
EV/EBIT	516.02	- -	37.62	29.36	29.75	33.67	17.65	29.83	16.56	- -
Enterprise Value	5,109	13,886	15,556	16,200	21,027	32,729	19,949	20,771	17,968	11,193
Low Price	5.74	9.26	16.41	13.61	7.94	26.46	18.41	17	19.62	10.52
EV/Sales	7.39	11.13	2.65	2.68	3.29	4.43	2.66	2.98	2.65	1.71
EV/EBITDA	72.77	- -	19.02	17.04	19.08	24.22	12.99	18.91	12.06	68.25
Price/Earnings	- -	- -	- -	- -	294.52	47.67	20.46	48.19	19.89	- -
Price/Earnings Average	- -	- -	- -	- -	216.91	40.26	27.79	44.36	22.33	- -
Price/Earnings High	- -	- -	- -	- -	308.64	51.05	40.44	52.88	26.07	- -
Price/Earnings Low	- -	- -	- -	- -	88.04	30.75	18.1	35.76	18.74	- -
Price/Book Value	- -	-2.65	-2.89	7.04	9.23	7.83	2.89	2.95	2.38	1.37
Price/Book Value Average	- -	-2.02	-2.75	6.54	6.8	6.61	3.93	2.72	2.67	1.75
Price/Book Value High	- -	-2.68	-2.99	7.58	9.67	8.39	5.71	3.24	3.12	2.76
Price/Book Value Low	- -	-1.51	-2.29	5.34	2.76	5.05	2.56	2.19	2.24	1.29
Price/Tangible Book Value	- -	-0.66	-0.85	-1.86	-2.94	-3.43	-2.85	-3.66	-4.82	-2.91
Price/Tangible Book Value Average	- -	-0.51	-0.81	-1.72	-2.17	-2.9	-3.87	-3.36	-5.41	-3.73
Price/Tangible Book Value High	- -	-0.67	-0.88	-2	-3.08	-3.67	-5.63	-4.01	-6.32	-5.87
Price/Tangible Book Value Low	- -	-0.38	-0.67	-1.41	-0.88	-2.21	-2.52	-2.71	-4.54	-2.74
Price/Sales	6.8	6.49	1.75	1.19	2.4	3.28	1.8	2.22	2.09	1.16
Price/Sales Average	6.54	4.95	1.66	1.11	1.76	2.77	2.45	2.04	2.34	1.48
Price/Sales High	9.41	6.55	1.81	1.28	2.51	3.51	3.56	2.44	2.73	2.34
Price/Sales Low	4.08	3.69	1.39	0.9	0.72	2.12	1.6	1.65	1.97	1.09
Price/Cash Flow	64.44	-48.33	51.2	20.31	16.47	25.4	16.06	17.79	16.83	12.18
Price/Cash Flow Average	62.06	-36.87	48.7	18.86	12.13	21.45	21.82	16.37	18.89	15.59
Price/Cash Flow High	89.28	-48.78	53.06	21.87	17.26	27.2	31.75	19.52	22.06	24.55
Price/Cash Flow Low	38.66	-27.44	40.62	15.42	4.92	16.38	14.21	13.2	15.86	11.48
Price/Free Cash Flow Average	62.06	-36.87	48.7	18.86	12.28	21.78	22.77	16.44	18.96	15.59
Price/Free Cash Flow High	89.28	-48.78	53.06	21.87	17.47	27.61	33.14	19.6	22.14	24.55
Price/Free Cash Flow Low	38.66	-27.44	40.62	15.42	4.98	16.64	14.83	13.25	15.91	11.48
EV/Sales Average	7.12	9.81	2.58	2.56	2.65	3.9	3.33	2.8	2.91	2.03
EV/Sales High	10.24	11.18	2.71	2.81	3.4	4.67	4.48	3.2	3.3	2.89
EV/Sales Low	4.43	8.72	2.34	2.27	1.6	3.23	2.44	2.41	2.53	1.64
EV/EBITDA Average	70.09	- -	18.49	16.27	15.39	21.34	16.27	17.78	13.22	81.27
EV/EBITDA High	100.83	- -	19.41	17.87	19.75	25.53	21.92	20.28	15.01	115.41
EV/EBITDA Low	43.66	- -	16.79	14.44	9.27	17.65	11.94	15.27	11.51	65.6
EV/EBIT Average	497.01	- -	36.58	28.03	24	29.67	22.1	28.06	18.17	- -
EV/EBIT High	714.94	- -	38.4	30.79	30.79	35.49	29.78	31.99	20.63	- -
EV/EBIT Low	309.59	- -	33.22	24.88	14.46	24.54	16.22	24.09	15.81	- -
Last Price	9.56	16.31	20.67	17.92	26.57	41.01	20.81	22.91	20.82	11.16
High Price	13.25	16.46	21.43	19.3	27.85	43.92	41.14	25.13	27.29	22.5
Enterprise Value Average	4,920	12,237	15,126	15,465	16,965	28,841	24,981	19,539	19,708	13,329
Enterprise Value High	7,078	13,950	15,877	16,989	21,766	34,502	33,658	22,277	22,375	18,927
Enterprise Value Low	3,065	10,881	13,736	13,729	10,219	23,856	18,332	16,774	17,149	10,758

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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

Shares Outstanding	534	426	426	573	580	610	674	677	681	682
Diluted Weighted Avg Shares	491	497	497	401	583	600	679	678	682	681
Basic Weighted Avg Shares	491	497	497	401	576	591	651	676	680	681
Revenue per Share	1.41	2.51	11.81	15.06	11.09	12.51	11.54	10.31	9.98	9.63
EBITDA per Share	0.14	-0.22	1.65	2.37	1.91	2.29	2.36	1.63	2.19	0.24
Operating Income per Share	0.02	-0.42	0.83	1.38	1.23	1.65	1.74	1.27	0.94	0.8
Basic EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.86	1.02	0.48	1.05	-0.78
Basic EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.97	1.05	0.48	1.05	-0.78
Diluted EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.85	0.97	0.47	1.04	-0.78
Diluted EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.95	1.01	0.47	1.04	-0.78
Dividend per Share	0.32	3.43	- -	0.08	0.11	0.11	0.05	- -	- -	- -
Cash Flow per Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Free Cash Flow per Basic Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Cash & Equivalents per Share	- -	0.43	0.43	0.33	0.49	0.49	0.55	0.39	0.38	0.54
Book Value per Share	- -	-6.14	-7.16	2.55	2.88	5.24	7.2	7.76	8.75	8.16
Tangible Book Value per Share	- -	-24.52	-24.39	-9.66	-9.03	-11.95	-7.31	-6.27	-4.32	-3.84