Grocery Outlet Holding Corp. Financial Ratios — GO Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	172.8	87.34	75.96	130.65	37.44	28.27	26.27	10.91	-83.59
Return on Assets (%)	- -	3.13	1.18	0.87	4.57	2.42	2.39	2.77	1.28	-7.18
Return on Capital (%)	- -	15.7	6.75	5.31	- -	4.65	4.88	5.68	3.13	- -
Return on Invested Capital (%)	- -	10.8	5.21	3.97	- -	2.99	3.26	3.73	2.41	- -
Gross Margin (%)	30.64	30.45	30.4	30.75	31.05	30.81	30.52	31.28	30.24	30.27
EBITDA Margin (%)	5.53	5.79	5.66	4.63	5.28	5.2	4.84	5.39	4.63	4.64
Operating Margin (%)	3.5	3.71	3.6	2.67	3.43	2.89	2.65	3.17	2.16	1.86
Incremental Operating Margin (%)	- -	5.27	2.61	-5.19	6.79	33.2	1.18	7.87	-7.85	-2.27
Pretax Margin (%)	0.92	1.24	0.96	0.66	2.78	2.52	2.12	2.62	1.28	-5.31
Profit Margin (%)	0.56	0.99	0.69	0.6	3.4	2.02	1.82	2	0.9	-4.8
Net Income to Common Margin (%)	0.56	0.99	0.69	0.6	3.4	2.02	1.82	2	0.9	-4.8
Effective Tax Rate (%)	39.74	20.06	27.38	8.12	- -	19.6	14.12	23.68	29.74	- -
Dvd Payout Ratio (%)	847.75	6.34	967.9	23.64	0.41	0.3	0.16	0.02	- -	- -
Sustainable Growth Rate (%)	- -	161.84	-757.99	58.01	130.11	37.33	28.23	26.27	10.91	-83.59

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	711	857	1,254	1,379	1,464	1,415	1,395	1,657	1,810
ST Debt	- -	5	7	38	49	51	55	69	88	102
LT Debt	- -	706	850	1,215	1,331	1,413	1,360	1,325	1,569	1,707
Total Debt/EBITDA	- -	5.92	6.62	10.58	8.34	9.14	8.17	6.53	8.18	8.32
Net Debt/EBITDA	- -	5.87	6.46	3.54	2.08	1.94	1.6	0.83	2.05	1.95
Total Debt/EBIT	- -	9.24	10.4	18.35	12.85	16.44	14.9	11.09	17.58	20.8
Net Debt/EBIT	- -	9.16	10.14	6.14	3.2	3.49	2.92	1.41	4.4	4.87
EBITDA to Interest Expense	2.31	2.59	2.46	2.61	8.55	11.15	9.07	9.33	7.24	6.91
EBITDA-CapEx/Interest Expense	0.88	0.99	1.17	0.4	1.79	1.88	1.37	0.95	-0.16	-0.09
EBIT to Interest Expense	1.46	1.66	1.57	1.51	5.55	6.2	4.98	5.49	3.37	2.76
Interest Expense	44	46	53	45	19	14	19	23	28	31
Common Equity/Total Assets	- -	1.81	0.91	1.29	5.44	7.4	9.47	11.52	12.02	5.07
Long-Term Debt/Equity (%)	- -	165.17	283.39	163.07	144.28	140.02	122.54	108.7	131.01	173.57
Long-Term Debt/Capital (%)	- -	96.02	97.72	94.81	87.86	85.03	81.09	76.31	76.97	86.83
Long-Term Debt/Total Assets (%)	- -	53.53	61.74	55.62	53.53	52.93	49.07	44.63	49.43	55.24
Total Debt/Equity (%)	- -	166.43	285.84	168.23	149.55	145.09	127.45	114.39	138.35	183.98
Total Debt/Capital (%)	- -	96.75	98.56	97.81	91.07	88.11	84.35	80.31	81.28	92.04
Total Debt/Total Assets (%)	- -	53.94	62.27	57.38	55.49	54.85	51.04	46.97	52.2	58.55
Net Debt to Equity	- -	165.07	278.81	56.33	37.29	30.85	24.94	14.58	34.63	43.03
Net Debt/Capital (%)	- -	96.73	98.53	33.48	24.4	20.46	17.58	10.96	20.99	22.32
EBITDA	101	120	130	118	165	160	173	214	202	217
EBITDA-CapEx	38	46	62	18	35	27	26	22	-4	-3
Operating Income (Loss)	64	77	82	68	107	89	95	126	94	87

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.04	0.14	0.13	0.45	0.59	0.37	0.3	0.18	0.19
Current Ratio	- -	1.58	1.59	1.3	1.64	1.86	1.67	1.35	1.44	1.37
Quick Ratio	- -	0.1	0.19	0.18	0.5	0.63	0.42	0.35	0.24	0.25
CFO/Avg Current Liab	- -	1.29	0.75	0.74	0.82	0.7	0.72	0.91	0.31	0.62
Common Equity/Total Assets	- -	1.81	0.91	1.29	5.44	7.4	9.47	11.52	12.02	5.07
Long-Term Debt/Equity (%)	- -	165.17	283.39	163.07	144.28	140.02	122.54	108.7	131.01	173.57
Long-Term Debt/Capital (%)	- -	96.02	97.72	94.81	87.86	85.03	81.09	76.31	76.97	86.83
Long-Term Debt/Total Assets (%)	- -	53.53	61.74	55.62	53.53	52.93	49.07	44.63	49.43	55.24
Total Debt/Equity (%)	- -	166.43	285.84	168.23	149.55	145.09	127.45	114.39	138.35	183.98
Total Debt/Capital (%)	- -	96.75	98.56	97.81	91.07	88.11	84.35	80.31	81.28	92.04
Total Debt/Total Assets (%)	- -	53.94	62.27	57.38	55.49	54.85	51.04	46.97	52.2	58.55
CFO/Total Liabilities	- -	9.51	9.83	9.22	11.59	9.97	11.16	17.34	5.66	10.54
CFO/CapEx	1.13	1.14	1.56	1.32	1.39	1.24	1.26	1.58	0.54	1.01
Altman's Z-Score	- -	4.97	4.79	3.19	3.67	3.06	3.31	3.26	2.8	2.53

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	923.45	554.58	575	591.94	486.43	397.04	308.33	282.09	283.87
Days Sales Outstanding	- -	0.4	0.66	0.63	0.62	0.75	0.92	1.18	1.29	1.29
Inventory Turnover	- -	15.78	8.35	8.49	9.3	8.18	8.15	7.97	8.2	8.43
Days Inventory Outstanding	- -	23.14	43.71	43.01	39.23	44.59	44.77	45.78	44.53	43.32
Accounts Payable Turnover	- -	34.05	16.6	16.51	18.73	18.28	19.6	15.81	16.06	18.44
Accounts Payable Turnover Days	- -	10.72	21.99	22.11	19.48	19.96	18.63	23.08	22.72	19.8
Cash Conversion Cycle	- -	12.81	22.38	21.53	20.36	25.38	27.06	23.89	23.1	24.81
Inventory to Cash Days	- -	-22.74	-43.05	-42.37	-38.61	-43.84	-43.85	-44.6	-43.24	-42.04
Inventories	- -	183	198	219	245	276	334	350	394	382
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	183	198	219	245	276	334	350	394	382
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	2,656	3,604	2,707	2,826	2,661	1,541	990
- Cash & Cash Equivalents	- -	6	21	28	105	140	103	115	63	70
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	711	857	1,254	1,379	1,464	1,415	1,395	1,657	1,810
Enterprise Value	- -	705	836	3,882	4,878	4,031	4,138	3,941	3,135	2,730
Total Capital	- -	735	870	1,282	1,515	1,662	1,678	1,737	2,038	1,966
Total Debt/Capital (%)	- -	96.75	98.56	97.81	91.07	88.11	84.35	80.31	81.28	92.04
Total Debt / EV	- -	1.01	1.03	0.32	0.28	0.36	0.34	0.35	0.53	0.66
EV/Sales	- -	0.34	0.37	1.52	1.56	1.31	1.16	0.99	0.72	0.58
EV/EBITDA	- -	5.87	6.46	32.77	29.49	25.16	23.89	18.44	15.49	12.56
EV/EBIT	- -	9.16	10.14	56.81	45.43	45.25	43.56	31.33	33.27	31.37
EV/Cash Flow to Firm	- -	5.79	5.8	22.24	23.8	22.76	20.5	12.28	23.82	10.9
EV/Free Cash Flow to Firm	- -	3.6	3.94	14.13	14.53	12.99	11.86	7.68	9.26	5.8
Diluted Market Cap	- -	- -	- -	2,656	3,864	2,812	2,924	2,718	1,555	990
Diluted Enterprise Value	- -	705	836	3,882	5,138	4,136	4,236	3,998	3,149	2,730
EV per Share	- -	9.5	11.27	47.42	53.13	42.11	42.74	39.93	31.76	27.86
TTM Sales	1,832	2,075	2,288	2,560	3,135	3,080	3,578	3,969	4,372	4,689
TTM EBITDA	101	120	130	118	165	160	173	214	202	217
TTM Operating Income	64	77	82	68	107	89	95	126	94	87
TTM Cash Flow to Firm	97	122	144	175	205	177	202	321	132	251
TTM Free Cash Flow to Firm	160	196	212	275	336	310	349	513	339	471

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	11.4	12.38	9.41	8.79	5.49	4.88	2.24
EV/EBIT	- -	9.16	10.14	56.81	45.43	45.25	43.56	31.33	33.27	31.37
Enterprise Value	- -	705	836	3,882	4,878	4,031	4,138	3,941	3,135	2,730
Low Price	- -	- -	- -	27.75	28.11	21.01	23.69	25.71	13.6	9.74
EV/Sales	- -	0.34	0.37	1.52	1.56	1.31	1.16	0.99	0.72	0.58
EV/EBITDA	- -	5.87	6.46	32.77	29.49	25.16	23.89	18.44	15.49	12.56
Price/Earnings	- -	- -	- -	172.28	33.77	43.45	43.44	33.5	39.04	- -
Price/Earnings Average	- -	- -	- -	184.96	32.29	49.73	50.84	36.59	53.85	-6.27
Price/Earnings High	- -	- -	- -	252.59	42.05	71.56	69.01	45.4	73.01	-8.46
Price/Earnings Low	- -	- -	- -	147.33	24.19	32.28	35.26	31.95	34.02	-4.24
Price/Book Value	- -	- -	- -	94.53	26.64	13.7	10.76	7.78	4.04	6.32
Price/Book Value Average	- -	- -	- -	101.48	25.47	15.68	12.59	8.5	5.57	9
Price/Book Value High	- -	- -	- -	138.59	33.17	22.57	17.09	10.54	7.55	12.14
Price/Book Value Low	- -	- -	- -	80.84	19.08	10.18	8.73	7.42	3.52	6.09
Price/Tangible Book Value	- -	- -	- -	-52.76	28.57	12.93	9.47	6.77	4.59	3.65
Price/Tangible Book Value Average	- -	- -	- -	-56.64	27.32	14.8	11.09	7.4	6.33	5.19
Price/Tangible Book Value High	- -	- -	- -	-77.35	35.57	21.29	15.05	9.18	8.58	7.01
Price/Tangible Book Value Low	- -	- -	- -	-45.12	20.46	9.6	7.69	6.46	4	3.52
Price/Sales	- -	- -	- -	1.04	1.15	0.88	0.79	0.67	0.35	0.21
Price/Sales Average	- -	- -	- -	1.11	1.1	1.01	0.92	0.73	0.49	0.3
Price/Sales High	- -	- -	- -	1.52	1.43	1.45	1.25	0.91	0.66	0.41
Price/Sales Low	- -	- -	- -	0.89	0.82	0.65	0.64	0.64	0.31	0.2
Price/Cash Flow	- -	- -	- -	20	19.88	16.35	15.23	8.77	13.76	4.46
Price/Cash Flow Average	- -	- -	- -	21.47	19.01	18.71	17.83	9.58	18.98	6.35
Price/Cash Flow High	- -	- -	- -	29.32	24.76	26.93	24.2	11.89	25.73	8.56
Price/Cash Flow Low	- -	- -	- -	17.1	14.24	12.15	12.36	8.36	11.99	4.3
Price/Free Cash Flow Average	- -	- -	- -	12.23	11.84	10.77	10.29	5.99	6.73	3.19
Price/Free Cash Flow High	- -	- -	- -	16.71	15.42	15.5	13.97	7.44	9.12	4.3
Price/Free Cash Flow Low	- -	- -	- -	9.75	8.87	6.99	7.13	5.23	4.25	2.16
EV/Sales Average	- -	0.34	0.37	1.59	1.51	1.44	1.29	1.05	0.85	0.67
EV/Sales High	- -	0.34	0.37	2	1.84	1.88	1.62	1.23	1.02	0.78
EV/Sales Low	- -	0.34	0.37	1.37	1.23	1.08	1.01	0.96	0.67	0.57
EV/EBITDA Average	- -	5.87	6.46	34.42	28.53	27.6	26.66	19.58	18.37	14.49
EV/EBITDA High	- -	5.87	6.46	43.22	34.83	36.1	33.49	22.86	22.11	16.75
EV/EBITDA Low	- -	5.87	6.46	29.52	23.3	20.82	20.81	17.86	14.51	12.39
EV/EBIT Average	- -	9.16	10.14	59.67	43.95	49.64	48.63	33.28	39.47	36.2
EV/EBIT High	- -	9.16	10.14	74.92	53.65	64.91	61.07	38.85	47.5	41.86
EV/EBIT Low	- -	9.16	10.14	51.18	35.9	37.44	37.96	30.35	31.17	30.97
Last Price	- -	- -	- -	32.45	39.25	28.28	29.19	26.96	15.61	10.1
High Price	- -	- -	- -	47.57	48.87	46.58	46.37	36.54	29.19	19.41
Enterprise Value Average	- -	705	836	4,078	4,720	4,423	4,619	4,186	3,719	3,150
Enterprise Value High	- -	705	836	5,121	5,761	5,783	5,801	4,887	4,475	3,642
Enterprise Value Low	- -	705	836	3,498	3,855	3,335	3,606	3,818	2,936	2,694

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	86	86	89	95	96	98	99	97	98
Diluted Weighted Avg Shares	74	74	74	82	98	99	100	101	100	98
Basic Weighted Avg Shares	74	74	74	82	92	96	97	99	99	98
Revenue per Share	24.7	27.98	30.84	31.27	34.14	32.17	36.96	40.21	44.29	47.85
EBITDA per Share	1.37	1.62	1.75	1.45	1.8	1.67	1.79	2.17	2.05	2.22
Operating Income per Share	0.86	1.04	1.11	0.83	1.17	0.93	0.98	1.27	0.95	0.89
Basic EPS, GAAP	0.14	0.28	0.21	0.19	1.16	0.65	0.67	0.8	0.4	-2.3
Basic EPS from Cont Ops	0.14	0.28	0.21	0.19	1.16	0.65	0.67	0.8	0.4	-2.3
Diluted EPS, GAAP	0.14	0.28	0.21	0.19	1.08	0.63	0.65	0.79	0.4	-2.3
Diluted EPS from Cont Ops	0.14	0.28	0.21	0.19	1.08	0.63	0.65	0.79	0.4	-2.3
Dividend per Share	1.17	0.02	2.07	0.04	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.96	1.14	1.43	1.62	1.97	1.73	1.92	3.07	1.13	2.27
Free Cash Flow per Basic Share	0.11	0.14	0.51	0.4	0.55	0.34	0.4	1.13	-0.96	0.02
Cash & Equivalents per Share	- -	0.08	0.28	0.34	1.15	1.46	1.06	1.16	0.64	0.71
Book Value per Share	- -	0.32	0.17	0.34	1.47	2.06	2.71	3.47	3.87	1.6
Tangible Book Value per Share	- -	-5.34	-6.97	-0.62	1.37	2.19	3.08	3.98	3.4	2.77

Grocery Outlet Holding Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)