Gold Resource Corporation Financial Ratios — GORO 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 (%)	- -	- -	- -	- -	- -	- -	124.36	107.43	39.33	29.38	52.85	-49.68	- -	- -	- -
Return on Assets (%)	65.6	30.5	5.39	15.16	2.88	3.9	3.3	6.56	3.4	2.92	4.99	-2.97	-12.25	-34.26	-3.92
Return on Capital (%)	- -	-148.77	-139.38	1,169.66	141.11	428.84	79.15	75.85	27.11	- -	52.85	-69.79	- -	- -	- -
Return on Invested Capital (%)	- -	36.33	7.1	17.35	4.14	3.88	3.75	10.16	3.6	- -	9.44	-15.36	- -	- -	- -
Gross Margin (%)	76.57	66.6	46.32	44.08	32.71	26.95	38.23	29.22	23.8	13.77	29.35	21.44	-5.35	-31.18	26.84
EBITDA Margin (%)	44.34	38.88	10.3	31.31	23.88	24.79	40.43	30.87	29.09	18.88	31.42	24.55	8.01	-12.04	31
Operating Margin (%)	43.43	37.71	8.21	27.37	14.07	9.66	26.81	17.78	12.53	-0.53	18.53	4.83	-18.72	-42.28	18.77
Incremental Operating Margin (%)	75.78	15.13	655.14	-204.82	81.68	52.81	79.83	-175.37	-108.65	- -	68.62	-121.95	- -	- -	136.67
Pretax Margin (%)	45.73	35.64	7.14	27.09	11.28	10.99	25.85	16.51	12.88	-0.84	14.09	1.61	-30.72	-71.87	-3.06
Profit Margin (%)	55.5	25.55	4.24	13.03	3.3	5.27	3.77	8.05	4.85	4.81	6.41	-4.56	-24.71	-85.96	-6.47
Net Income to Common Margin (%)	55.5	25.55	4.24	13.03	3.3	5.27	3.77	8.05	4.85	4.81	6.41	-4.56	-24.71	-85.96	-6.47
Effective Tax Rate (%)	- -	28.31	40.57	51.91	70.71	52.03	85.43	37.65	64.31	- -	54.5	382.44	- -	- -	- -
Dvd Payout Ratio (%)	42.29	106.74	478.33	43.19	212.34	38.07	27.4	9.68	26.95	-44.07	41.93	-55.94	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	90.29	97.03	28.73	42.33	30.69	-77.47	- -	- -	- -

Credit (USD)

API Chat

	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	- -	- -	4	2	1	- -	4	3	10	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	1	1	1	- -	1	1	9	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	2	1	- -	- -	3	2	1	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	0.3	0.06	0.04	- -	0.09	0.1	0.29	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-1.11	-0.7	-1.16	-0.76	-0.58	-0.69	-0.45	-0.16	-0.24	-1.48	-0.86	-0.7	-0.8	0.21	-0.81
Total Debt/EBIT	- -	- -	0.37	0.07	0.06	- -	0.13	0.17	0.66	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-1.14	-0.72	-1.45	-0.87	-0.98	-1.76	-0.68	-0.27	-0.57	52.71	-1.45	-3.54	0.34	0.06	-1.34
EBITDA to Interest Expense	- -	- -	- -	- -	254.49	- -	- -	- -	- -	- -	- -	37.59	0.78	-0.6	1.85
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	254.49	- -	- -	- -	- -	- -	- -	37.59	0.78	-0.6	1.85
EBIT to Interest Expense	- -	- -	- -	- -	149.93	- -	- -	- -	- -	- -	- -	7.39	-1.83	-2.1	1.12
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	10	13	17
Common Equity/Total Assets	-34.27	-5.49	-6.18	1.98	-0.84	1.77	3.44	8.46	8.78	12.04	8.18	3.71	-13.31	-55.51	-47.47
Long-Term Debt/Equity (%)	- -	- -	3.17	0.95	- -	- -	2.55	1.74	0.87	- -	- -	- -	- -	- -	0.11
Long-Term Debt/Capital (%)	- -	- -	-128.61	18.84	- -	- -	34.12	13.72	5.11	- -	- -	- -	- -	- -	-0.06
Long-Term Debt/Total Assets (%)	- -	- -	2.58	0.79	- -	- -	2.15	1.47	0.71	- -	- -	- -	- -	- -	0.03
Total Debt/Equity (%)	- -	- -	5.12	2.65	0.95	- -	3.4	2.66	6.32	- -	- -	- -	- -	- -	0.11
Total Debt/Capital (%)	- -	- -	-207.76	52.68	-1,650.98	- -	45.45	21.03	37.09	- -	- -	- -	- -	- -	-0.06
Total Debt/Total Assets (%)	- -	- -	4.17	2.2	0.79	- -	2.87	2.25	5.18	- -	- -	- -	- -	- -	0.03
Net Debt to Equity	-59.64	-39.84	-19.89	-31.25	-14.44	-13.23	-18	-4.42	-5.41	-28.06	-27.92	-21.18	-7.78	-5.97	-56.81
Net Debt/Capital (%)	56.83	86.06	88.97	119.15	99.6	117.38	144.12	-67.38	-51.13	200.4	209.91	149.09	20.34	1.97	22.26
EBITDA	47	51	13	36	22	21	45	36	35	17	39	34	8	-8	31
EBITDA-CapEx	44	51	13	36	22	21	45	36	35	17	39	34	8	-8	31
Operating Income (Loss)	46	50	10	32	13	8	30	21	15	- -	23	7	-18	-28	19

Liquidity (USD)

API Chat

	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	2.12	3.19	1.58	2.21	1.09	1.95	1.75	0.65	0.52	2.16	1.16	0.96	0.55	0.11	1.45
Current Ratio	3.3	4.53	3.33	3.08	2.19	3.27	2.83	1.79	1.82	3.55	1.99	1.87	2.34	1.14	2.85
Quick Ratio	2.67	3.71	2.15	2.36	1.46	2.15	1.94	0.78	0.82	2.58	1.58	1.17	0.94	0.26	2.22
CFO/Avg Current Liab	2.57	1.61	0.55	2.91	1.4	1.5	2.98	1.37	0.94	1.77	1.67	0.52	-0.29	-0.05	1.37
Common Equity/Total Assets	-34.27	-5.49	-6.18	1.98	-0.84	1.77	3.44	8.46	8.78	12.04	8.18	3.71	-13.31	-55.51	-47.47
Long-Term Debt/Equity (%)	- -	- -	3.17	0.95	- -	- -	2.55	1.74	0.87	- -	- -	- -	- -	- -	0.11
Long-Term Debt/Capital (%)	- -	- -	-128.61	18.84	- -	- -	34.12	13.72	5.11	- -	- -	- -	- -	- -	-0.06
Long-Term Debt/Total Assets (%)	- -	- -	2.58	0.79	- -	- -	2.15	1.47	0.71	- -	- -	- -	- -	- -	0.03
Total Debt/Equity (%)	- -	- -	5.12	2.65	0.95	- -	3.4	2.66	6.32	- -	- -	- -	- -	- -	0.11
Total Debt/Capital (%)	- -	- -	-207.76	52.68	-1,650.98	- -	45.45	21.03	37.09	- -	- -	- -	- -	- -	-0.06
Total Debt/Total Assets (%)	- -	- -	4.17	2.2	0.79	- -	2.87	2.25	5.18	- -	- -	- -	- -	- -	0.03
CFO/Total Liabilities	147.35	196.9	40.08	210.95	114.08	157.46	171.17	96.47	61.24	232.94	36.61	14.4	-5.04	-0.53	15.5
CFO/CapEx	13.88	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	26.45	34.14	10.44	8.58	4.51	13.82	9.07	7.43	7.2	9.39	1.95	1.76	0.31	-0.83	0.91

Working Capital (USD)

API Chat

	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	13.6	12.78	29.06	62	106.74	175.03	62.7	49.83	23.81	14.41	19.41	20.17	20.75	20.16	12.92
Days Sales Outstanding	26.84	28.57	12.56	5.89	3.42	2.09	5.82	7.32	15.33	25.33	18.8	18.1	17.59	18.1	28.24
Inventory Turnover	6.75	7.48	9	8.74	7.77	6.87	6.61	6.28	6.58	6.66	8.69	9.13	9.03	10.62	9.62
Days Inventory Outstanding	54.11	48.82	40.54	41.75	46.95	53.13	55.21	58.09	55.44	54.84	42	39.96	40.41	34.36	37.95
Accounts Payable Turnover	7.88	20.12	19.07	12.63	7.2	7.18	11.51	8.72	8.46	8.38	8.04	8.42	9.43	8.89	7.98
Accounts Payable Turnover Days	46.34	18.15	19.14	28.9	50.69	50.82	31.7	41.84	43.15	43.57	45.39	43.36	38.71	41.07	45.75
Cash Conversion Cycle	34.61	59.24	33.96	18.74	-0.32	4.4	29.32	23.57	27.62	36.61	15.41	14.7	19.29	11.4	20.44
Inventory to Cash Days	-27.27	-20.25	-27.98	-35.86	-43.53	-51.05	-49.38	-50.76	-40.11	-29.51	-23.2	-21.86	-22.82	-16.26	-9.71
Inventories	4	8	7	7	9	9	12	14	14	10	10	14	9	7	8
Raw Materials	4	4	7	6	7	7	9	11	11	8	8	10	7	6	6
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	3	- -	1	1	2	2	3	2	2	2	4	2	1	2

Enterprise Value (USD)

API Chat

	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	1,126	814	241	183	90	240	250	230	353	203	117	135	33	21	114
- Cash & Cash Equivalents	52	36	15	28	13	14	22	8	10	25	34	24	6	2	25
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	4	2	1	- -	4	3	10	- -	- -	- -	- -	- -	- -
Enterprise Value	1,071	773	226	154	75	222	228	222	348	177	83	112	27	20	89
Total Capital	-39	-6	-2	4	- -	2	8	16	27	13	18	8	-24	-81	-87
Total Debt/Capital (%)	- -	- -	-207.76	52.68	-1,650.98	- -	45.45	21.03	37.09	- -	- -	- -	- -	- -	-0.06
Total Debt / EV	- -	- -	0.02	0.02	0.01	- -	0.02	0.02	0.03	- -	- -	- -	- -	- -	- -
EV/Sales	10.19	5.86	1.8	1.34	0.8	2.67	2.07	1.93	2.9	1.96	0.66	0.8	0.28	0.3	0.89
EV/EBITDA	22.98	15.08	17.47	4.27	3.37	10.78	5.11	6.24	9.95	10.36	2.11	3.27	3.45	- -	2.87
EV/EBIT	23.46	15.55	21.91	4.88	5.72	27.66	7.71	10.83	23.1	- -	3.59	16.66	- -	- -	4.74
EV/Cash Flow to Firm	25.93	24.82	32.93	4.1	3.69	12.42	6.39	9.98	16.27	5.01	2.39	9.62	9.65	1.28	1.56
EV/Free Cash Flow to Firm	24.18	24.82	32.93	4.1	3.69	12.42	6.39	9.98	16.27	5.01	2.39	9.62	9.65	1.28	1.56
Diluted Market Cap	1,199	868	251	185	90	242	253	233	355	206	118	135	33	21	114
Diluted Enterprise Value	1,147	832	239	159	78	228	235	229	355	180	84	112	27	20	89
EV per Share	20.22	14.62	4.25	2.85	1.38	4.03	4.01	3.86	5.47	2.54	1.1	1.26	0.31	0.21	0.65
TTM Sales	105	132	126	115	93	83	110	115	120	91	125	139	98	66	100
TTM EBITDA	47	51	13	36	22	21	45	36	35	17	39	34	8	-8	31
TTM Operating Income	46	50	10	32	13	8	30	21	15	- -	23	7	-18	-28	19
TTM Cash Flow to Firm	41	31	7	38	20	18	36	22	21	35	35	12	3	15	57
TTM Free Cash Flow to Firm	44	31	7	38	20	18	36	22	21	35	35	12	3	15	57

Multiples (USD)

API Chat

	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	27.06	27.87	36.44	4.9	4.47	13.54	7.11	10.49	16.57	5.81	3.39	9.55	-6.38	-33.74	5.24
EV/EBIT	23.46	15.55	21.91	4.88	5.72	27.66	7.71	10.83	23.1	- -	3.59	16.66	- -	- -	4.74
Enterprise Value	1,071	773	226	154	75	222	228	222	348	177	83	112	27	20	89
Low Price	15.06	12.13	4.49	2.7	1.6	1.14	3.08	3.61	2.73	2.02	1.5	1.5	0.26	0.12	0.2
EV/Sales	10.19	5.86	1.8	1.34	0.8	2.67	2.07	1.93	2.9	1.96	0.66	0.8	0.28	0.3	0.89
EV/EBITDA	22.98	15.08	17.47	4.27	3.37	10.78	5.11	6.24	9.95	10.36	2.11	3.27	3.45	- -	2.87
Price/Earnings	19.29	24.19	45.23	12.17	29.38	54.68	60.28	24.78	60.49	46.67	14.63	- -	- -	- -	- -
Price/Earnings Average	22.07	34.64	90.45	17.19	50.04	49.95	57.28	31.65	42.5	62.24	21.73	-24.93	-2.79	-0.58	-12.69
Price/Earnings High	28.48	44.52	158.25	22.86	68.66	103.32	85.9	45.41	63.77	100.07	31.7	-36.77	-6.6	-1.16	-25.09
Price/Earnings Low	13.67	19.04	44.83	9.72	28.31	14.33	42.13	22.36	29.81	32.39	14.07	-20.97	-0.94	-0.2	-4.25
Price/Book Value	-28.52	-140.46	-42.24	87.31	-100.73	114.38	54.66	18.1	20.82	15.98	6.65	17.34	-1.36	-0.26	-1.3
Price/Book Value Average	-32.64	-201.14	-84.47	123.39	-171.57	104.5	51.94	23.12	14.63	21.32	9.88	20.22	-2.75	-0.4	-0.94
Price/Book Value High	-42.12	-258.53	-147.78	164.04	-235.44	216.14	77.88	33.17	21.95	34.27	14.42	29.82	-6.51	-0.81	-1.85
Price/Book Value Low	-20.22	-110.56	-41.86	69.75	-97.09	29.98	38.2	16.34	10.26	11.09	6.4	17	-0.92	-0.14	-0.31
Price/Tangible Book Value	12.92	9.07	3.2	2.08	1.01	2.24	2.23	1.81	2.23	2.25	0.97	1.21	0.41	0.78	2.58
Price/Tangible Book Value Average	14.79	12.98	6.41	2.93	1.72	2.05	2.12	2.31	1.57	3	1.44	1.41	0.84	1.19	1.86
Price/Tangible Book Value High	19.08	16.69	11.21	3.9	2.37	4.23	3.18	3.31	2.35	4.82	2.11	2.08	1.98	2.39	3.68
Price/Tangible Book Value Low	9.16	7.14	3.18	1.66	0.98	0.59	1.56	1.63	1.1	1.56	0.94	1.19	0.28	0.42	0.62
Price/Sales	10.71	6.18	1.92	1.59	0.97	2.88	2.27	2	2.93	2.24	0.94	0.97	0.34	0.32	1.14
Price/Sales Average	12.25	8.85	3.84	2.24	1.65	2.63	2.16	2.55	2.06	2.99	1.39	1.14	0.69	0.5	0.82
Price/Sales High	15.81	11.37	6.71	2.98	2.27	5.45	3.24	3.66	3.09	4.81	2.03	1.68	1.63	0.99	1.62
Price/Sales Low	7.59	4.86	1.9	1.27	0.94	0.76	1.59	1.8	1.45	1.56	0.9	0.96	0.23	0.17	0.28
Price/Cash Flow	27.25	26.15	35.1	4.86	4.46	13.4	7.02	10.34	16.48	5.75	3.38	9.55	-6.38	-33.74	5.24
Price/Cash Flow Average	31.18	37.45	70.19	6.87	7.6	12.24	6.67	13.21	11.58	7.66	5.01	11.13	-12.9	-51.92	3.78
Price/Cash Flow High	40.23	48.14	122.8	9.13	10.42	25.32	10	18.95	17.37	12.32	7.32	16.42	-30.53	-104.12	7.47
Price/Cash Flow Low	19.31	20.59	34.79	3.88	4.3	3.51	4.91	9.33	8.12	3.99	3.25	9.36	-4.33	-18.18	1.27
Price/Free Cash Flow Average	30.97	39.91	72.88	6.93	7.61	12.37	6.76	13.4	11.64	7.75	5.03	11.13	-12.9	-51.92	3.78
Price/Free Cash Flow High	39.96	51.3	127.51	9.21	10.44	25.59	10.13	19.23	17.47	12.46	7.35	16.42	-30.53	-104.12	7.47
Price/Free Cash Flow Low	19.18	21.94	36.12	3.92	4.3	3.55	4.97	9.47	8.17	4.03	3.26	9.36	-4.33	-18.18	1.27
EV/Sales Average	11.76	8.58	3.75	2.02	1.52	2.46	1.99	2.51	2.06	2.71	1.12	0.97	0.63	0.47	0.57
EV/Sales High	15.31	11.1	6.62	2.76	2.14	5.28	3.07	3.62	3.09	4.53	1.76	1.5	1.57	0.97	1.37
EV/Sales Low	7.09	4.59	1.81	1.05	0.81	0.59	1.42	1.76	1.44	1.28	0.63	0.78	0.17	0.15	0.03
EV/EBITDA Average	26.51	22.06	36.38	6.46	6.38	9.94	4.92	8.14	7.08	14.36	3.58	3.93	7.8	-3.91	1.84
EV/EBITDA High	34.54	28.55	64.29	8.81	8.95	21.28	7.59	11.73	10.62	24	5.61	6.13	19.55	-8.05	4.43
EV/EBITDA Low	16	11.81	17.6	3.35	3.37	2.36	3.51	5.71	4.96	6.76	2.01	3.2	2.09	-1.24	0.08
EV/EBIT Average	27.07	22.74	45.63	7.39	10.83	25.49	7.42	14.12	16.42	-510.18	6.07	20	-3.34	-1.11	3.04
EV/EBIT High	35.26	29.44	80.64	10.08	15.2	54.61	11.44	20.36	24.65	-852.26	9.52	31.17	-8.37	-2.29	7.32
EV/EBIT Low	16.33	12.18	22.07	3.83	5.73	6.06	5.29	9.92	11.52	-240.25	3.42	16.26	-0.89	-0.35	0.13
Last Price	21.25	15.41	4.53	3.38	1.66	4.35	4.4	4	5.54	2.91	1.56	1.53	0.38	0.23	0.83
High Price	31.38	28.36	15.85	6.35	3.88	8.22	6.27	7.33	5.84	6.24	3.38	2.63	1.8	0.71	1.18
Enterprise Value Average	1,236	1,130	471	233	141	205	219	290	248	246	141	134	61	31	57
Enterprise Value High	1,611	1,463	833	318	198	439	338	417	372	411	221	209	153	64	137
Enterprise Value Low	746	605	228	121	75	49	156	203	174	116	79	109	16	10	3

	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	53	53	54	54	54	57	57	59	66	74	88	88	89	95	162
Diluted Weighted Avg Shares	56	56	55	55	54	56	58	58	64	71	76	88	89	92	137
Basic Weighted Avg Shares	53	53	53	54	54	55	57	58	64	70	75	88	89	92	137
Revenue per Share	1.98	2.49	2.36	2.13	1.71	1.51	1.94	2	1.89	1.3	1.66	1.57	1.1	0.71	0.73
EBITDA per Share	0.88	0.97	0.24	0.67	0.41	0.37	0.78	0.62	0.55	0.24	0.52	0.39	0.09	-0.09	0.23
Operating Income per Share	0.86	0.94	0.19	0.58	0.24	0.15	0.52	0.36	0.24	-0.01	0.31	0.08	-0.21	-0.3	0.14
Basic EPS, GAAP	1.1	0.64	0.1	0.28	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61	-0.05
Basic EPS from Cont Ops	1.13	0.64	0.1	0.28	0.06	0.08	0.07	0.21	0.09	-0.09	0.11	-0.07	-0.27	-0.61	-0.05
Diluted EPS, GAAP	1.03	0.6	0.1	0.28	0.06	0.08	0.07	0.16	0.09	0.06	0.11	-0.07	-0.27	-0.61	-0.05
Diluted EPS from Cont Ops	1.07	0.6	0.1	0.28	0.06	0.08	0.07	0.2	0.09	-0.09	0.11	-0.07	-0.27	-0.61	-0.05
Dividend per Share	0.48	0.68	0.48	0.12	0.12	0.03	0.02	0.02	0.02	0.04	0.04	0.04	- -	- -	- -
Cash Flow per Share	0.78	0.59	0.13	0.7	0.37	0.32	0.63	0.39	0.34	0.51	0.46	0.16	-0.06	-0.01	0.16
Free Cash Flow per Basic Share	0.72	0.59	0.13	0.7	0.37	0.32	0.63	0.39	0.34	0.51	0.46	0.16	-0.06	-0.01	0.16
Cash & Equivalents per Share	1.03	0.79	0.35	0.57	0.3	0.32	0.46	0.2	0.23	0.37	0.46	0.27	0.07	0.02	0.18
Book Value per Share	-0.74	-0.11	-0.11	0.04	-0.02	0.04	0.08	0.22	0.27	0.18	0.23	0.09	-0.28	-0.88	-0.64
Tangible Book Value per Share	1.64	1.7	1.41	1.63	1.64	1.94	1.97	2.21	2.48	1.3	1.6	1.26	0.91	0.3	0.32

Gold Resource Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)