General American Investors Company, Inc. Financial Ratios — GAM

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 (%)	- -	652.13	-33.73	49.1	9.41	35.16	-23.77	33.49	24.65	29.72
Return on Assets (%)	- -	13.63	-6.01	24.71	5.92	20.94	-12.9	20.28	16.31	20.36
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	92.91	96.41	109.01	98.18	93.56	98.06	103.18	97.8	97.53	98.2
Profit Margin (%)	92.91	96.41	109.01	98.18	93.56	98.06	103.18	97.8	97.53	98.2
Net Income to Common Margin (%)	80.46	90.02	126.21	94.43	79.81	94.29	109.76	93.75	93.04	94.93
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-15.47	-7.1	13.63	-3.96	-17.23	-4.01	6	-4.32	-4.83	-3.44
Sustainable Growth Rate (%)	- -	698.41	-29.14	51.04	11.03	36.56	-22.34	34.94	25.84	30.74

Credit (USD)

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	- -	- -	5	5	5	4	4	3	2	2
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	5	5	5	4	4	3	2	2
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.04	1.87	42.26	53.66	53.61	60.48	54.42	61.17	64.96	67.38
Long-Term Debt/Equity (%)	- -	- -	0.5	0.39	0.35	0.27	0.34	0.21	0.16	0.1
Long-Term Debt/Capital (%)	- -	- -	0.82	0.56	0.51	0.37	0.51	0.28	0.2	0.13
Long-Term Debt/Total Assets (%)	- -	- -	0.49	0.39	0.35	0.27	0.28	0.21	0.15	0.1
Total Debt/Equity (%)	- -	- -	0.5	0.39	0.35	0.27	0.34	0.21	0.16	0.1
Total Debt/Capital (%)	- -	- -	0.82	0.56	0.51	0.37	0.51	0.28	0.2	0.13
Total Debt/Total Assets (%)	- -	- -	0.49	0.39	0.35	0.27	0.28	0.21	0.15	0.1
Net Debt to Equity	- -	- -	-0.32	- -	- -	- -	-0.02	-0.01	- -	-0.02
Net Debt/Capital (%)	- -	- -	-0.52	- -	- -	- -	-0.03	-0.01	-0.01	-0.03
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.04	1.87	42.26	53.66	53.61	60.48	54.42	61.17	64.96	67.38
Long-Term Debt/Equity (%)	- -	- -	0.5	0.39	0.35	0.27	0.34	0.21	0.16	0.1
Long-Term Debt/Capital (%)	- -	- -	0.82	0.56	0.51	0.37	0.51	0.28	0.2	0.13
Long-Term Debt/Total Assets (%)	- -	- -	0.49	0.39	0.35	0.27	0.28	0.21	0.15	0.1
Total Debt/Equity (%)	- -	- -	0.5	0.39	0.35	0.27	0.34	0.21	0.16	0.1
Total Debt/Capital (%)	- -	- -	0.82	0.56	0.51	0.37	0.51	0.28	0.2	0.13
Total Debt/Total Assets (%)	- -	- -	0.49	0.39	0.35	0.27	0.28	0.21	0.15	0.1
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	26.1	33.66	24.44	24.09	16.37	26.37	3.29	28.17	36.71	1.12

Working Capital (USD)

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	667	885	852	891	749	1,010	947	965	1,105	- -
- Cash & Cash Equivalents	- -	- -	3	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	190	190	190	190	190	190	- -	190	190	190
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	5	5	5	4	4	3	2	2
Enterprise Value	857	1,075	1,044	1,086	944	1,204	950	1,158	1,297	191
Total Capital	215	214	664	890	895	1,099	685	1,077	1,209	1,387
Total Debt/Capital (%)	- -	- -	0.82	0.56	0.51	0.37	0.51	0.28	0.2	0.13
Total Debt / EV	- -	- -	0.01	- -	- -	- -	- -	- -	- -	0.01
EV/Sales	9.43	6.07	- -	3.59	11.47	4.02	- -	4.14	5.15	0.55
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	667	885	852	891	749	1,010	947	965	1,105	1,325
Diluted Enterprise Value	857	1,075	1,044	1,086	944	1,204	950	1,158	1,297	1,517
EV per Share	40.07	41.79	34.85	46.01	46.85	52.7	36.28	51.54	59.89	- -
TTM Sales	91	177	-66	302	82	299	-172	280	252	346
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	857	1,075	1,044	1,086	944	1,204	950	1,158	1,297	191
Low Price	26.37	31.01	27	27.97	21.91	35.89	33.23	35.76	41.88	41.8
EV/Sales	9.43	6.07	- -	3.59	11.47	4.02	- -	4.14	5.15	0.55
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	9.12	5.55	- -	3.12	11.41	3.58	- -	3.68	4.72	- -
Price/Earnings Average	9.08	5.51	-12.43	2.88	10.3	3.42	-5.31	3.45	4.53	- -
Price/Earnings High	9.76	5.9	-13.48	3.19	11.99	3.78	-6.32	3.73	5.13	- -
Price/Earnings Low	7.71	5	-9.75	2.31	6.72	2.9	-4.62	3.06	3.87	- -
Price/Book Value	26.6	37.11	1.82	1.28	1.07	1.12	1.39	1.09	1.09	- -
Price/Book Value Average	26.49	36.82	2.2	1.18	0.97	1.07	1.47	1.02	1.04	- -
Price/Book Value High	28.48	39.47	2.39	1.31	1.12	1.18	1.75	1.11	1.18	- -
Price/Book Value Low	22.5	33.45	1.73	0.95	0.63	0.91	1.28	0.91	0.89	- -
Price/Tangible Book Value	0.65	0.83	0.95	0.82	0.69	0.79	0.91	0.78	0.81	- -
Price/Tangible Book Value Average	0.65	0.82	1.15	0.76	0.62	0.75	0.96	0.73	0.78	- -
Price/Tangible Book Value High	0.7	0.88	1.25	0.84	0.72	0.83	1.15	0.79	0.89	- -
Price/Tangible Book Value Low	0.55	0.74	0.9	0.61	0.41	0.64	0.84	0.65	0.67	- -
Price/Sales	7.34	4.99	-12.96	2.95	9.1	3.37	-5.51	3.45	4.39	- -
Price/Sales Average	7.3	4.96	-15.69	2.72	8.22	3.22	-5.83	3.23	4.22	- -
Price/Sales High	7.85	5.31	-17.01	3.01	9.57	3.57	-6.94	3.5	4.77	- -
Price/Sales Low	6.2	4.5	-12.3	2.18	5.36	2.74	-5.07	2.87	3.6	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	9.4	6.03	- -	3.36	10.59	3.87	- -	3.92	4.98	0.55
EV/Sales High	9.95	6.39	- -	3.66	11.94	4.21	- -	4.19	5.54	0.55
EV/Sales Low	8.3	5.58	- -	2.83	7.73	3.39	- -	3.56	4.37	0.55
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	31.18	34.4	28.44	37.74	37.19	44.2	36.15	42.95	51.01	58.73
High Price	33.38	36.59	37.33	38.59	39.09	46.75	45.53	43.58	55.44	64.4
Enterprise Value Average	854	1,068	1,224	1,016	871	1,159	1,005	1,097	1,254	191
Enterprise Value High	904	1,131	1,311	1,106	982	1,262	1,196	1,172	1,393	191
Enterprise Value Low	754	987	1,001	855	636	1,014	874	996	1,100	191

Shares Outstanding	27	26	26	25	25	24	24	24	23	24
Diluted Weighted Avg Shares	21	26	30	24	20	23	26	22	22	23
Basic Weighted Avg Shares	21	26	30	24	20	23	26	22	22	- -
Revenue per Share	4.25	6.89	-2.19	12.81	4.08	13.11	-6.56	12.45	11.62	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.42	6.2	-2.77	12.1	3.26	12.36	-7.2	11.67	10.81	- -
Basic EPS from Cont Ops	3.95	6.64	-2.39	12.58	3.82	12.86	-6.77	12.17	11.33	- -
Diluted EPS, GAAP	3.42	6.2	-2.77	12.1	3.26	12.36	-7.2	11.67	10.81	14.56
Diluted EPS from Cont Ops	3.95	6.64	-2.39	12.58	3.82	12.86	-6.77	12.17	11.33	15.06
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	0.11	- -	- -	- -	0.01	0.01	- -	- -
Book Value per Share	1.17	0.93	15.63	29.44	34.79	39.64	26.02	39.34	46.92	- -
Tangible Book Value per Share	47.83	41.63	29.92	45.83	54.02	56.16	39.75	54.9	62.6	- -

General American Investors Company, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)