Vertex, Inc. Financial Ratios — 56X Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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 (%)	- -	- -	- -	-0.64	-5.35	-5.42	-24.39	3.29
Return on Assets (%)	- -	12.95	-18.24	-0.24	-1.77	-1.77	-5.47	0.59
Return on Capital (%)	- -	- -	- -	- -	- -	- -	-12.39	1.26
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	14.85	0.39
Gross Margin (%)	64.87	65.67	55.86	61.96	60.72	60.9	63.91	64.35
EBITDA Margin (%)	8.1	17.74	-19.36	9.83	10.8	9.95	12.67	13.76
Operating Margin (%)	10.96	9.91	-27.96	-0.69	-1.64	-3.06	2.29	-1.96
Incremental Operating Margin (%)	- -	4.07	- -	200.1	- -	- -	34.73	- -
Pretax Margin (%)	-1.63	9.61	-28.79	-0.92	-2.06	-3.79	0.29	1.01
Profit Margin (%)	-2.24	9.66	-20.04	-0.35	-2.5	-2.29	-7.91	0.96
Net Income to Common Margin (%)	-2.24	9.66	-20.04	-0.35	-2.5	-2.29	-7.91	0.96
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	2,862.13	4.86
Dvd Payout Ratio (%)	-458.96	91.98	-194.61	-182.56	-4.36	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-1.82	-5.58	-5.42	-24.39	3.29

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	55	51	1	29	74	67	352	351
ST Debt	5	51	1	4	6	6	4	4
LT Debt	50	1	- -	24	67	61	348	346
Total Debt/EBITDA	2.49	0.9	-0.02	0.68	1.39	1.18	4.16	3.41
Net Debt/EBITDA	-0.04	-0.43	4.18	-1.75	-0.81	-0.38	0.46	0.23
Total Debt/EBIT	-19.37	1.62	-0.01	-9.72	-9.1	-3.82	-157.94	150.48
Net Debt/EBIT	0.34	-0.77	2.89	24.93	5.31	1.23	-17.58	10.07
EBITDA to Interest Expense	13.84	59.86	-23.32	42.52	25.91	13.68	- -	- -
EBITDA-CapEx/Interest Expense	-7.06	20.45	-30.05	10.3	3.68	1.85	- -	- -
EBIT to Interest Expense	18.73	33.43	-33.67	-2.99	-3.95	-4.21	- -	- -
Interest Expense	2	1	3	1	2	4	- -	- -
Common Equity/Total Assets	-51.93	-42.49	41.04	34.33	31.94	33.29	15.37	20.37
Long-Term Debt/Equity (%)	- -	- -	0.1	10.6	29.23	23.98	193.93	133.8
Long-Term Debt/Capital (%)	-87.96	-1.12	0.1	9.43	22.14	18.96	65.47	56.82
Long-Term Debt/Total Assets (%)	23.24	0.26	0.04	3.64	9.34	7.98	29.81	27.26
Total Debt/Equity (%)	-49.14	-45.79	0.48	12.43	32	26.47	196.2	135.48
Total Debt/Capital (%)	-96.6	-84.48	0.48	11.06	24.24	20.93	66.24	57.53
Total Debt/Total Assets (%)	25.52	19.46	0.2	4.27	10.22	8.81	30.16	27.6
Net Debt to Equity	0.85	21.72	-132.14	-31.87	-18.68	-8.54	21.84	9.06
Net Debt/Capital (%)	0.85	17.84	417.41	-39.56	-20.29	-8.59	16.65	7.94
EBITDA	22	57	-73	42	53	57	85	103
EBITDA-CapEx	-11	19	-93	10	8	8	19	7
Operating Income (Loss)	30	32	-105	-3	-8	-18	15	-15

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	0.23	0.23	1.04	0.2	0.26	0.18	0.57	0.55
Current Ratio	0.55	0.49	1.38	0.53	0.6	0.6	1	0.98
Quick Ratio	0.49	0.44	1.3	0.41	0.51	0.5	0.87	0.87
CFO/Avg Current Liab	- -	0.32	0.19	0.27	0.17	0.18	0.34	0.3
Common Equity/Total Assets	-51.93	-42.49	41.04	34.33	31.94	33.29	15.37	20.37
Long-Term Debt/Equity (%)	- -	- -	0.1	10.6	29.23	23.98	193.93	133.8
Long-Term Debt/Capital (%)	-87.96	-1.12	0.1	9.43	22.14	18.96	65.47	56.82
Long-Term Debt/Total Assets (%)	23.24	0.26	0.04	3.64	9.34	7.98	29.81	27.26
Total Debt/Equity (%)	-49.14	-45.79	0.48	12.43	32	26.47	196.2	135.48
Total Debt/Capital (%)	-96.6	-84.48	0.48	11.06	24.24	20.93	66.24	57.53
Total Debt/Total Assets (%)	25.52	19.46	0.2	4.27	10.22	8.81	30.16	27.6
CFO/Total Liabilities	24.62	24.53	18.07	20.51	13.04	14.66	16.69	16.36
CFO/CapEx	2.41	2.46	2.84	2.85	1.4	1.51	2.51	1.72
Altman's Z-Score	- -	- -	9.31	3.91	3.41	5.56	5.79	2.65

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	4.85	5.08	5.52	5.47	4.68	4.36	4.3
Days Sales Outstanding	- -	75.27	71.86	66.08	66.75	78	83.8	84.83
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)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	4,901	2,382	2,221	4,138	8,147	3,218
- Cash & Cash Equivalents	56	76	303	73	92	68	296	314
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	55	51	1	29	74	67	352	351
Enterprise Value	- -	- -	4,599	2,337	2,192	4,128	8,194	3,255
Total Capital	-57	-61	230	259	303	320	531	610
Total Debt/Capital (%)	-96.6	-84.48	0.48	11.06	24.24	20.93	66.24	57.53
Total Debt / EV	- -	- -	- -	0.01	0.03	0.02	0.04	0.11
EV/Sales	- -	- -	12.27	5.49	4.46	7.21	12.29	4.35
EV/EBITDA	- -	- -	- -	55.85	41.3	72.48	96.95	31.6
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	1,396.27
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	49.71	19.66
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	82.72	46.96
Diluted Market Cap	- -	- -	4,401	2,361	2,211	4,090	8,040	3,643
Diluted Enterprise Value	- -	- -	4,099	2,316	2,182	4,080	8,087	3,680
EV per Share	- -	- -	31.4	15.67	14.58	26.86	52.14	20.44
TTM Sales	272	322	375	426	492	572	667	748
TTM EBITDA	22	57	-73	42	53	57	85	103
TTM Operating Income	30	32	-105	-3	-8	-18	15	-15
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	165	166
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	99	69

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	114.05	40.29	120.73	163.15	81.17	52.57
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	1,396.27
Enterprise Value	- -	- -	4,599	2,337	2,192	4,128	8,194	3,255
Low Price	- -	- -	21.93	15.97	9.69	12.16	23.44	18.97
EV/Sales	- -	- -	12.27	5.49	4.46	7.21	12.29	4.35
EV/EBITDA	- -	- -	- -	55.85	41.3	72.48	96.95	31.6
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	505.23
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	840.46
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	1,499.74
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	474.21
Price/Book Value	- -	- -	21.37	10.35	9.67	16.36	45.43	12.43
Price/Book Value Average	- -	- -	16.53	14.56	9.03	12.52	31.6	20.67
Price/Book Value High	- -	- -	23.51	25.37	12.47	17.92	51.12	36.89
Price/Book Value Low	- -	- -	14	10.35	6.34	7.39	20.54	11.67
Price/Tangible Book Value	- -	- -	27.43	-31.31	-33.5	-89.91	-37.03	-18.65
Price/Tangible Book Value Average	- -	- -	21.22	-44.04	-31.28	-68.84	-25.76	-31.02
Price/Tangible Book Value High	- -	- -	30.18	-76.76	-43.2	-98.48	-41.68	-55.35
Price/Tangible Book Value Low	- -	- -	17.97	-31.31	-21.97	-40.59	-16.74	-17.5
Price/Sales	- -	- -	11.75	5.55	4.5	7.15	12.06	4.87
Price/Sales Average	- -	- -	9.09	7.8	4.2	5.47	8.39	8.1
Price/Sales High	- -	- -	12.92	13.6	5.8	7.83	13.57	14.45
Price/Sales Low	- -	- -	7.7	5.55	2.95	3.23	5.45	4.57
Price/Cash Flow	- -	- -	73.91	26.14	34.63	55.03	48.78	22.01
Price/Cash Flow Average	- -	- -	57.18	36.77	32.34	42.13	33.94	36.61
Price/Cash Flow High	- -	- -	81.3	64.09	44.66	60.27	54.9	65.33
Price/Cash Flow Low	- -	- -	48.43	26.14	22.71	24.84	22.06	20.66
Price/Free Cash Flow Average	- -	- -	88.22	56.67	112.72	124.9	56.47	87.45
Price/Free Cash Flow High	- -	- -	125.46	98.78	155.69	178.69	91.35	156.04
Price/Free Cash Flow Low	- -	- -	74.73	40.29	79.17	73.65	36.7	49.34
EV/Sales Average	- -	- -	9.31	7.77	4.16	5.52	8.57	7.2
EV/Sales High	- -	- -	13.58	13.61	5.77	7.9	13.82	12.81
EV/Sales Low	- -	- -	7.76	5.49	2.9	3.25	5.59	4.08
EV/EBITDA Average	- -	- -	- -	78.99	38.52	55.45	67.62	52.33
EV/EBITDA High	- -	- -	- -	138.47	53.42	79.4	109.05	93.1
EV/EBITDA Low	- -	- -	- -	55.85	26.89	32.62	44.14	29.68
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	2,312.26
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	4,113.69
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	1,311.5
Last Price	- -	- -	33.46	15.97	14.78	26.93	51.84	20.21
High Price	- -	- -	36.81	39.16	19.06	29.5	58.35	59.99
Enterprise Value Average	- -	- -	3,489	3,305	2,044	3,158	5,714	5,390
Enterprise Value High	- -	- -	5,089	5,794	2,835	4,522	9,216	9,589
Enterprise Value Low	- -	- -	2,909	2,337	1,427	1,858	3,731	3,057

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	143	143	146	149	150	154	157	159
Diluted Weighted Avg Shares	130	130	132	148	150	152	155	180
Basic Weighted Avg Shares	130	130	132	148	150	152	155	180
Revenue per Share	2.1	2.48	2.85	2.88	3.29	3.77	4.3	4.15
EBITDA per Share	0.17	0.44	-0.55	0.28	0.35	0.38	0.54	0.57
Operating Income per Share	0.23	0.25	-0.8	-0.02	-0.05	-0.12	0.1	-0.08
Basic EPS, GAAP	-0.05	0.24	-0.57	-0.01	-0.08	-0.09	-0.34	0.04
Basic EPS from Cont Ops	-0.05	0.24	-0.57	-0.01	-0.08	-0.09	-0.34	0.04
Diluted EPS, GAAP	-0.05	0.24	-0.57	-0.01	-0.08	-0.09	-0.34	0.04
Diluted EPS from Cont Ops	-0.05	0.24	-0.57	-0.01	-0.08	-0.09	-0.34	0.04
Dividend per Share	0.22	0.22	1.11	0.02	- -	- -	- -	- -
Cash Flow per Share	0.62	0.71	0.45	0.61	0.43	0.49	1.06	0.92
Free Cash Flow per Basic Share	0.36	0.42	0.29	0.4	0.12	0.17	0.64	0.38
Cash & Equivalents per Share	0.39	0.53	2.07	0.49	0.69	0.51	1.94	1.97
Book Value per Share	-0.78	-0.78	1.57	1.54	1.53	1.65	1.14	1.63
Tangible Book Value per Share	-0.94	-1.01	1.22	-0.51	-0.44	-0.3	-1.4	-1.08