Gencor Industries, Inc. Financial Ratios — GENC Stock

Profitability (USD)

	2011 Y	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	2025 Y
Return on Common Equity (%)	0.25	4.9	6.95	3.41	-1.77	6.66	7.41	10.12	7.37	3.79	3.82	-0.24	9.07	8.26	8.18
Return on Assets (%)	0.21	4.17	5.92	2.96	-1.53	5.66	6.2	8.49	6.34	3.29	3.31	-0.21	7.82	7.21	7.27
Return on Capital (%)	- -	4.9	- -	3.41	- -	6.66	7.41	10.12	7.37	3.77	3.8	- -	9.05	8.24	8.17
Return on Invested Capital (%)	- -	0.42	- -	-0.02	- -	5.03	5.69	8.56	5.02	2.89	0.37	- -	5.99	5.07	5.32
Gross Margin (%)	15.77	19.04	22.48	19.55	19.13	25.04	26.25	27.17	27.56	24.48	21.32	19.85	27.63	27.68	27.47
EBITDA Margin (%)	-1.43	2.32	7.78	3.36	1.51	13.16	14.1	15.48	13.61	9.27	3.86	6.75	15.47	14.39	14.18
Operating Margin (%)	-2.92	0.62	5.27	-0.06	-2.02	11.17	12.7	14.09	11.64	7.15	0.82	4.03	12.78	12.09	12.14
Incremental Operating Margin (%)	- -	61.2	-15.35	- -	- -	27.99	22.79	20.29	25.57	100.64	-61.53	19.04	580.08	3.24	14.58
Pretax Margin (%)	-4.25	10.84	12.94	11.03	-9.04	13.43	15.11	15.28	15.77	8.63	7.78	-1.64	17.87	18.32	17.5
Profit Margin (%)	0.38	7.08	13.74	8.68	-4.64	10.06	10.44	12.87	12.54	7.14	6.81	-0.36	13.96	12.86	13.57
Net Income to Common Margin (%)	0.38	7.08	13.74	8.68	-4.64	10.06	10.44	12.87	12.54	7.14	6.81	-0.36	13.96	12.86	13.57
Effective Tax Rate (%)	- -	34.73	- -	21.3	- -	25.07	30.88	15.73	20.49	17.21	12.5	- -	21.89	29.77	22.47
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	0.25	4.9	6.95	3.41	-1.77	6.66	7.41	10.12	7.37	3.79	3.82	-0.24	9.07	8.26	8.18

Credit (USD)

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	2011 Y	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	2025 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.13	0.24	0.06	0.02	0.02	0.02
Net Debt/EBITDA	2.01	-2.29	-2.51	-5.34	-18.87	-1.98	-2.02	-0.52	-0.93	-4.96	-7.06	-1.37	-1.05	-1.56	-1.62
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.17	1.12	0.1	0.02	0.02	0.02
Net Debt/EBIT	0.98	-8.55	-3.71	276.65	14.05	-2.33	-2.24	-0.58	-1.09	-6.43	-33.14	-2.3	-1.27	-1.86	-1.9
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	85.21	84.68	85.62	87.93	85.12	84.93	82.4	85.28	86.69	87.02	86.2	86.07	86.25	88.19	89.49
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.38	0.23	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.41	0.25	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.36	0.22	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.58	0.47	0.24	0.18	0.17	0.16
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.63	0.5	0.26	0.19	0.18	0.17
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.55	0.44	0.22	0.17	0.16	0.15
Net Debt to Equity	-1.74	-3.25	-8.65	-6.3	-9.89	-15.16	-17.79	-5.52	-6.62	-22.07	-13.89	-5.74	-9.38	-12.99	-12.55
Net Debt/Capital (%)	-1.97	-3.73	-10.55	-7.46	-12.24	-20	-24.19	-6.4	-7.74	-31.15	-17.57	-6.6	-11.18	-16.09	-15.37
EBITDA	-1	1	4	1	1	9	11	15	11	7	3	7	16	16	16
EBITDA-CapEx	-1	1	4	1	1	9	11	15	11	7	3	7	16	16	16
Operating Income (Loss)	-2	- -	3	- -	-1	8	10	14	9	6	1	4	13	14	14

Liquidity (USD)

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	2011 Y	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	2025 Y
Cash Ratio	13.31	14.42	15.35	31.86	12.91	12.72	8.96	13.21	17.83	14.69	10.38	7.98	7.15	10.88	15.47
Current Ratio	17.11	17.37	18.02	37.37	15.19	15.07	11.08	17.46	24.2	19	14.65	13.11	12.63	18.19	23.44
Quick Ratio	13.59	15.21	15.55	32.47	13.35	13.45	9.6	14.73	20.21	15.68	10.78	8.39	7.43	11.95	17.21
CFO/Avg Current Liab	0.03	0.44	1.24	-0.53	0.87	0.9	0.59	-1.15	0.56	3.57	0.38	-0.77	0.77	0.75	0.32
Common Equity/Total Assets	85.21	84.68	85.62	87.93	85.12	84.93	82.4	85.28	86.69	87.02	86.2	86.07	86.25	88.19	89.49
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.38	0.23	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.41	0.25	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.36	0.22	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.58	0.47	0.24	0.18	0.17	0.16
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.63	0.5	0.26	0.19	0.18	0.17
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.55	0.44	0.22	0.17	0.16	0.15
CFO/Total Liabilities	3.17	36.73	113.4	-64.71	60.98	82.2	43.71	-107.83	42.23	271.16	31.38	-73.69	71.1	77.55	28.42
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	10.16	8.97	10.25	18.01	9.37	15.1	13.9	12.6	13.26	12.6	10.66	8.26	11.63	18.4	14.94

Working Capital (USD)

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	2011 Y	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	2025 Y
Accounts Receivable Turnover	33.61	45.47	40.68	30.22	33.79	70.56	70.28	90.6	62.66	43.07	36.96	36.84	38.47	50.9	45.18
Days Sales Outstanding	10.86	8.03	8.97	12.08	10.8	5.17	5.19	4.03	5.83	8.47	9.87	9.91	9.49	7.17	8.08
Inventory Turnover	3.33	4.13	2.91	2.32	2.4	4.3	4.2	3.72	2.49	2.23	1.95	1.7	1.19	1.21	1.43
Days Inventory Outstanding	109.69	88.47	125.28	157.59	152.12	84.89	86.94	98.03	146.38	163.74	187.61	215	305.64	301.69	255.61
Accounts Payable Turnover	27.34	26.01	25.38	28.47	24.9	34.54	46.69	48.78	33.32	33.12	33.89	26.34	24.4	28.11	38.23
Accounts Payable Turnover Days	13.35	14.03	14.38	12.82	14.66	10.57	7.82	7.48	10.95	11.02	10.77	13.86	14.96	12.98	9.55
Cash Conversion Cycle	107.2	82.46	119.87	156.84	148.26	79.49	84.32	94.58	141.25	161.19	186.71	211.05	300.17	295.88	254.14
Inventory to Cash Days	-98.83	-80.44	-116.31	-145.51	-141.32	-79.71	-81.75	-94	-140.55	-155.26	-177.73	-205.09	-296.15	-294.52	-247.53
Inventories	13	12	14	14	13	12	17	22	25	27	42	56	72	64	54
Raw Materials	9	7	6	6	6	7	9	13	14	15	26	32	36	33	28
Work In Process	2	1	3	2	2	1	3	1	1	4	6	14	23	19	12
Finished Goods	2	3	4	5	5	4	4	7	10	9	10	10	13	12	14
Other Inventory	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	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	2025 Y
Market Capitalization	69	70	82	93	84	172	254	175	169	161	161	112	207	307	214
- Cash & Cash Equivalents	2	3	10	7	11	18	23	8	10	36	23	10	17	25	27
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -
Enterprise Value	-5	-14	-11	-1	-11	68	143	63	53	36	44	13	106	192	78
Total Capital	89	93	100	104	102	109	118	133	143	150	155	155	169	184	200
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.63	0.5	0.26	0.19	0.18	0.17
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.03	0.02	0.03	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	0.97	1.78	0.63	0.66	0.47	0.51	0.13	1.01	1.69	0.68
EV/EBITDA	- -	- -	- -	- -	- -	7.33	12.61	4.1	4.82	5.07	13.22	1.89	6.53	11.77	4.77
EV/EBIT	- -	- -	- -	- -	- -	8.64	14	4.5	5.63	6.58	62.08	3.18	7.91	14	5.58
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	9.66	23.46	- -	12.81	1.36	11.39	- -	10.41	20.63	25.48
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	9.66	23.46	- -	12.81	1.36	11.39	- -	10.41	20.63	25.48
Diluted Market Cap	69	70	82	94	84	174	259	177	171	161	165	112	207	307	214
Diluted Enterprise Value	67	67	72	87	73	156	236	169	160	126	143	103	190	282	188
EV per Share	- -	- -	- -	- -	- -	4.71	9.95	4.32	3.66	2.5	3	1.07	7.24	13.03	5.34
TTM Sales	60	63	49	40	39	70	81	99	81	77	85	103	105	113	115
TTM EBITDA	-1	1	4	1	1	9	11	15	11	7	3	7	16	16	16
TTM Operating Income	-2	- -	3	- -	-1	8	10	14	9	6	1	4	13	14	14
TTM Cash Flow to Firm	- -	3	7	-2	5	7	6	-12	4	27	4	-9	10	9	3
TTM Free Cash Flow to Firm	- -	3	7	-2	5	7	6	-12	4	27	4	-9	10	9	3

Multiples (USD)

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	2011 Y	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	2025 Y
Price/Free Cash Flow	389.86	27.98	11.05	-39.84	18.69	24.88	42.42	-14.79	41.02	6	43.21	-12.23	20.31	33.02	69.8
EV/EBIT	- -	- -	- -	- -	- -	8.64	14	4.5	5.63	6.58	62.08	3.18	7.91	14	5.58
Enterprise Value	-5	-14	-11	-1	-11	68	143	63	53	36	44	13	106	192	78
Low Price	4.5	4.41	4.54	5.57	5.93	6.07	11	12	10.5	9.38	10.55	8.8	8.38	13.5	10.8
EV/Sales	- -	- -	- -	- -	- -	0.97	1.78	0.63	0.66	0.47	0.51	0.13	1.01	1.69	0.68
EV/EBITDA	- -	- -	- -	- -	- -	7.33	12.61	4.1	4.82	5.07	13.22	1.89	6.53	11.77	4.77
Price/Earnings	308.06	15.75	12.14	26.91	- -	24.38	30.18	13.76	16.57	29.03	27.72	- -	14.12	21.07	13.67
Price/Earnings Average	320.07	15.24	10.54	27.46	-49.23	18.72	25.92	18.16	17.39	30.71	30.83	-351.51	12.88	17.55	14.78
Price/Earnings High	344.18	17.71	12.71	31.85	-52.15	27.29	30.87	21.06	20.89	36.41	39.38	-431.66	15.88	25.13	21.33
Price/Earnings Low	286.81	14.07	9.64	22.89	-45.64	12.35	18.81	13.7	14.98	24.68	26.38	-293.28	8.38	13.64	10.09
Price/Book Value	0.78	0.75	0.82	0.9	0.82	1.57	2.16	1.31	1.18	1.08	1.04	0.72	1.23	1.67	1.07
Price/Book Value Average	0.81	0.73	0.71	0.92	0.88	1.21	1.85	1.73	1.24	1.14	1.16	0.85	1.12	1.39	1.16
Price/Book Value High	0.87	0.85	0.85	1.07	0.93	1.76	2.21	2.01	1.49	1.35	1.48	1.04	1.38	1.99	1.68
Price/Book Value Low	0.72	0.67	0.65	0.77	0.81	0.8	1.34	1.31	1.07	0.92	0.99	0.71	0.73	1.08	0.79
Price/Tangible Book Value	0.7	0.68	0.74	0.82	0.75	1.43	1.97	1.2	1.09	1	0.96	0.67	1.14	1.56	1.01
Price/Tangible Book Value Average	0.73	0.66	0.64	0.84	0.79	1.1	1.69	1.59	1.14	1.05	1.07	0.78	1.04	1.3	1.09
Price/Tangible Book Value High	0.78	0.77	0.77	0.97	0.84	1.6	2.02	1.84	1.37	1.25	1.37	0.96	1.28	1.87	1.58
Price/Tangible Book Value Low	0.65	0.61	0.59	0.7	0.74	0.72	1.23	1.2	0.98	0.85	0.92	0.65	0.68	1.01	0.75
Price/Sales	1.16	1.11	1.67	2.34	2.15	2.45	3.15	1.77	2.08	2.07	1.89	1.08	1.97	2.71	1.85
Price/Sales Average	1.2	1.08	1.45	2.38	2.28	1.88	2.71	2.34	2.18	2.19	2.1	1.26	1.8	2.26	2.01
Price/Sales High	1.29	1.25	1.75	2.76	2.42	2.75	3.22	2.71	2.62	2.6	2.68	1.55	2.22	3.23	2.89
Price/Sales Low	1.08	1	1.32	1.99	2.12	1.24	1.96	1.76	1.88	1.76	1.8	1.05	1.17	1.75	1.37
Price/Cash Flow	389.86	27.98	11.04	-39.54	18.69	24.56	41.6	-14.56	40.58	6	42.13	-12.23	20.31	33.02	69.8
Price/Cash Flow Average	405.07	27.07	9.59	-40.34	19.85	18.85	35.73	-19.22	42.6	6.34	46.86	-14.31	18.53	27.5	75.45
Price/Cash Flow High	435.57	31.46	11.56	-46.78	21.03	27.49	42.54	-22.29	51.17	7.52	59.84	-17.58	22.84	39.38	108.87
Price/Cash Flow Low	362.97	25	8.77	-33.62	18.4	12.44	25.93	-14.5	36.7	5.1	40.08	-11.94	12.05	21.37	51.52
Price/Free Cash Flow Average	405.07	27.07	9.59	-40.64	19.85	19.1	36.43	-19.52	43.06	6.34	48.06	-14.31	18.53	27.5	75.45
Price/Free Cash Flow High	435.57	31.46	11.56	-47.14	21.03	27.85	43.38	-22.64	51.72	7.52	61.37	-17.58	22.84	39.38	108.87
Price/Free Cash Flow Low	362.97	25	8.77	-33.88	18.4	12.6	26.44	-14.73	37.1	5.1	41.11	-11.94	12.05	21.37	51.52
EV/Sales Average	1.17	1.03	1.25	2.2	2	1.62	2.42	2.26	2.05	1.75	1.84	1.17	1.64	2.04	1.78
EV/Sales High	1.26	1.2	1.55	2.58	2.13	2.49	2.94	2.63	2.49	2.15	2.42	1.46	2.06	3.01	2.67
EV/Sales Low	1.05	0.94	1.13	1.81	1.83	0.98	1.68	1.68	1.75	1.32	1.53	0.97	1.01	1.53	1.14
EV/EBITDA Average	-82.04	44.13	16.1	65.5	132.67	12.33	17.19	14.57	15.09	18.83	47.55	17.39	10.59	14.14	12.53
EV/EBITDA High	-88.37	51.65	19.93	76.83	141.65	18.89	20.85	16.99	18.31	23.22	62.61	21.66	13.3	20.92	18.8
EV/EBITDA Low	-73.31	40.57	14.5	53.71	121.61	7.46	11.92	10.86	12.87	14.19	39.69	14.29	6.53	10.64	8.05
EV/EBIT Average	-40.15	164.83	23.79	-3,390.78	-98.75	14.54	19.08	16.02	17.64	24.42	223.32	29.18	12.83	16.83	14.64
EV/EBIT High	-43.25	192.95	29.45	-3,977.18	-105.44	22.26	23.15	18.67	21.41	30.12	294.04	36.33	16.11	24.89	21.95
EV/EBIT Low	-35.88	151.54	21.44	-2,780.44	-90.51	8.79	13.23	11.94	15.05	18.4	186.39	23.98	7.91	12.67	9.4
Last Price	4.83	4.93	5.72	6.55	6.03	11.98	17.65	12.05	11.61	11.03	11.09	9.01	14.13	20.86	14.63
High Price	5.4	5.55	5.99	7.75	6.78	13.41	18.05	18.45	14.64	13.84	15.75	12.95	15.89	24.88	22.82
Enterprise Value Average	70	65	61	88	78	114	195	223	167	135	157	122	172	230	205
Enterprise Value High	75	76	76	103	84	174	237	259	203	167	206	151	216	341	308
Enterprise Value Low	63	60	55	72	72	69	135	166	142	102	131	100	106	173	132

	2011 Y	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	2025 Y
Shares Outstanding	14	14	14	14	14	14	14	15	15	15	15	15	15	15	15
Diluted Weighted Avg Shares	14	14	14	14	14	15	15	15	15	15	15	12	15	15	15
Basic Weighted Avg Shares	14	14	14	14	14	14	14	14	15	15	15	12	15	15	15
Revenue per Share	4.18	4.43	3.43	2.8	2.8	4.88	5.6	6.8	5.59	5.32	5.88	8.35	7.17	7.7	7.89
EBITDA per Share	-0.06	0.1	0.27	0.09	0.04	0.64	0.79	1.05	0.76	0.49	0.23	0.56	1.11	1.11	1.12
Operating Income per Share	-0.12	0.03	0.18	- -	-0.06	0.55	0.71	0.96	0.65	0.38	0.05	0.34	0.92	0.93	0.96
Basic EPS, GAAP	0.02	0.31	0.47	0.24	-0.13	0.49	0.58	0.88	0.7	0.38	0.4	-0.03	1	0.99	1.07
Basic EPS from Cont Ops	0.02	0.31	0.47	0.24	-0.13	0.49	0.58	0.88	0.7	0.38	0.4	-0.03	1	0.99	1.07
Diluted EPS, GAAP	0.02	0.31	0.47	0.24	-0.13	0.48	0.57	0.86	0.69	0.38	0.39	-0.03	1	0.99	1.07
Diluted EPS from Cont Ops	0.02	0.31	0.47	0.24	-0.13	0.48	0.57	0.86	0.69	0.38	0.39	-0.03	1	0.99	1.07
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.01	0.18	0.52	-0.17	0.32	0.49	0.42	-0.83	0.29	1.84	0.26	-0.74	0.7	0.63	0.21
Free Cash Flow per Basic Share	0.01	0.18	0.52	-0.17	0.32	0.49	0.42	-0.83	0.29	1.84	0.26	-0.74	0.7	0.63	0.21
Cash & Equivalents per Share	5.2	5.94	6.49	6.61	6.83	7.27	7.7	7.73	7.95	8.59	8.15	7.97	6.91	7.85	9.31
Book Value per Share	6.23	6.54	7.01	7.26	7.31	7.63	8.18	9.19	9.85	10.23	10.66	12.45	11.53	12.48	13.61
Tangible Book Value per Share	6.92	7.25	7.73	8	8.06	8.39	8.96	10.01	10.69	11.08	11.53	13.46	12.39	13.34	14.47

Gencor Industries, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

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Per Share Data Items (USD)