Heritage Global Inc. Financial Ratios — HGBL 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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	96.23	-3.34	-11.49	-64.77	-41.13	0.08	-1.74	22.01	18.33	29.06	6.43	26.25	16.55	6.3	4.23
Return on Capital (%)	- -	- -	- -	- -	- -	-0.01	- -	-1.42	- -	- -	- -	- -	-5.54	-2.34	-1.62
Return on Invested Capital (%)	- -	- -	- -	- -	- -	1.06	- -	51.57	- -	- -	- -	- -	18.61	5.27	4.85
Gross Margin (%)	42.86	49.46	36.23	28.18	37.42	34.74	55.44	62.06	36.22	39.47	42.69	22.15	35.34	31.33	27.08
EBITDA Margin (%)	61.76	20.75	-10.78	-7.39	-10.79	2.12	3.36	18.58	9.76	10.03	11.44	9.97	23.81	16.81	13.24
Operating Margin (%)	61.75	17.87	-16.09	-10.22	-14.08	0.8	1.81	17.23	8.6	8.64	9.66	8.83	21.9	14.06	10.96
Incremental Operating Margin (%)	146.62	261.06	- -	- -	- -	41.32	-4.7	105.06	-73	86.67	-58.31	7.82	66.89	45.32	-14.06
Pretax Margin (%)	25.34	-18.96	-37.87	-8.97	-59.7	0.15	-3.32	16.99	11.41	22.97	11.6	23.46	23.12	19.78	11.47
Profit Margin (%)	178.17	-12.83	-71.93	-132.66	-59.78	0.06	-1.24	15.85	14.9	36.89	11.84	33.02	20.6	11.42	7.04
Net Income to Common Margin (%)	178.17	-12.83	-71.93	-132.66	-59.78	0.06	-1.24	15.85	14.9	36.89	11.84	33.02	20.6	11.42	7.04
Effective Tax Rate (%)	- -	- -	- -	- -	- -	60	- -	6.71	- -	- -	- -	- -	10.86	42.25	38.63
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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	3	11	4	6	4	1	2	2	2	1	7	7	10	3	6
ST Debt	3	11	4	4	2	1	1	1	1	- -	3	4	3	1	1
LT Debt	- -	- -	- -	2	2	- -	1	- -	1	1	4	3	7	2	5
Total Debt/EBITDA	0.29	3.71	-4.16	-4.07	-2.25	2	2.25	0.37	0.77	0.38	2.23	1.53	0.69	0.36	0.85
Net Debt/EBITDA	-0.34	2.24	-0.81	-1.61	-0.77	-3	-0.86	-0.6	-0.88	-8.91	-3.32	-1.79	-0.35	-2.8	-2.43
Total Debt/EBIT	0.29	4.31	-2.79	-2.94	-1.72	5.33	4.19	0.4	0.87	0.44	2.64	1.73	0.74	0.43	1.02
Net Debt/EBIT	-0.34	2.6	-0.54	-1.16	-0.59	-7.99	-1.61	-0.65	-1	-10.33	-3.93	-2.02	-0.38	-3.35	-2.94
EBITDA to Interest Expense	43.45	10.11	-1.72	-2.98	-5.39	8.03	7.13	20.55	39.92	58.33	134.14	41.4	44.49	82	- -
EBITDA-CapEx/Interest Expense	43.45	10.01	-1.74	-3.24	-5.41	6.46	6.66	20.08	38.11	58.18	69.36	39.5	43.7	80.53	- -
EBIT to Interest Expense	43.44	8.71	-2.57	-4.13	-7.03	3.02	3.83	19.06	35.16	50.29	113.23	36.65	40.93	68.58	- -
Interest Expense	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-499.45	-387	-487.39	-847.78	-1,492.42	-1,852.81	-2,088.02	-1,343.03	-1,246.43	-591.32	-516.01	-362.49	-279.74	-279.76	-253.15
Long-Term Debt/Equity (%)	- -	- -	- -	18.55	73.66	9.96	22.53	5.76	7.95	2.08	11.03	6.28	12.04	2.32	7.3
Long-Term Debt/Capital (%)	- -	- -	- -	-0.95	-0.9	-0.12	-0.28	-0.16	-0.35	-0.24	-1.42	-1.28	-3.3	-0.67	-2.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	7.84	13.3	2.3	5.84	2.12	4.3	1.4	7.14	4.49	8.84	1.86	5.53
Total Debt/Equity (%)	7.2	23.65	10.1	44.59	124.37	28.96	43.69	21.26	16.52	3.35	20.16	14.8	16.17	4.16	8.54
Total Debt/Capital (%)	-1.33	-4.81	-1.66	-2.28	-1.53	-0.36	-0.55	-0.59	-0.72	-0.38	-2.59	-3.01	-4.43	-1.21	-2.62
Total Debt/Total Assets (%)	6.56	17.75	7.98	18.86	22.45	6.68	11.33	7.83	8.93	2.25	13.04	10.58	11.87	3.34	6.47
Net Debt to Equity	-8.34	14.28	1.96	17.64	42.55	-43.45	-16.77	-34.89	-19.03	-78.1	-30	-17.36	-8.27	-32.75	-24.52
Net Debt/Capital (%)	1.5	-2.85	-0.32	-0.89	-0.52	0.54	0.21	0.95	0.82	8.18	3.66	3.35	2.15	8.66	6.88
EBITDA	11	3	-1	-1	-2	1	1	4	3	3	3	5	14	8	7
EBITDA-CapEx	11	3	-1	-2	-2	- -	1	4	2	3	2	4	14	7	-2
Operating Income (Loss)	11	3	-1	-2	-2	- -	- -	4	2	2	2	4	13	6	6

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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	1.59	0.28	0.31	0.31	0.3	0.3	0.24	0.42	0.3	1.67	0.96	0.78	0.83	1.49	1.32
Current Ratio	2.81	0.85	0.7	0.64	0.46	0.52	0.35	0.76	0.74	1.93	1.64	1.47	1.78	2.27	2.16
Quick Ratio	1.95	0.55	0.47	0.56	0.37	0.44	0.29	0.46	0.64	1.87	1.31	1.12	1.41	1.83	1.73
CFO/Avg Current Liab	0.71	-0.49	0.18	0.06	-0.08	0.44	0.14	0.79	0.08	0.79	-0.19	0.43	0.84	0.53	0.41
Common Equity/Total Assets	-499.45	-387	-487.39	-847.78	-1,492.42	-1,852.81	-2,088.02	-1,343.03	-1,246.43	-591.32	-516.01	-362.49	-279.74	-279.76	-253.15
Long-Term Debt/Equity (%)	- -	- -	- -	18.55	73.66	9.96	22.53	5.76	7.95	2.08	11.03	6.28	12.04	2.32	7.3
Long-Term Debt/Capital (%)	- -	- -	- -	-0.95	-0.9	-0.12	-0.28	-0.16	-0.35	-0.24	-1.42	-1.28	-3.3	-0.67	-2.24
Long-Term Debt/Total Assets (%)	- -	- -	- -	7.84	13.3	2.3	5.84	2.12	4.3	1.4	7.14	4.49	8.84	1.86	5.53
Total Debt/Equity (%)	7.2	23.65	10.1	44.59	124.37	28.96	43.69	21.26	16.52	3.35	20.16	14.8	16.17	4.16	8.54
Total Debt/Capital (%)	-1.33	-4.81	-1.66	-2.28	-1.53	-0.36	-0.55	-0.59	-0.72	-0.38	-2.59	-3.01	-4.43	-1.21	-2.62
Total Debt/Total Assets (%)	6.56	17.75	7.98	18.86	22.45	6.68	11.33	7.83	8.93	2.25	13.04	10.58	11.87	3.34	6.47
CFO/Total Liabilities	96.29	-31.39	21.54	3.38	-5.43	33.63	11.87	57.32	7.88	62.61	-14.76	33.66	58.95	48.08	28.6
CFO/CapEx	- -	-171.5	226.1	4.89	-92.89	39.58	26.86	75.45	6.84	1,306.86	-1.85	30.15	50.67	56.53	0.72
Altman's Z-Score	1.12	-4.95	-7.39	-23.81	-46.95	-76.15	-110.35	-32.06	-25.54	-5.63	-6.09	-2.25	-0.12	-0.76	-1.65

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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	33.12	14.23	6.5	8.83	9.97	25.27	24.68	60.37	23.17	15.61	12.2	25.22	41.78	26.15	29.85
Days Sales Outstanding	11.02	25.64	56.19	41.34	36.6	14.44	14.79	6.05	15.75	23.38	29.92	14.47	8.74	13.96	12.23
Inventory Turnover	5.46	7.79	8.11	40.04	40.85	47.28	41.43	6.97	13.3	93.5	8.56	9.32	8.08	5.98	6.59
Days Inventory Outstanding	66.83	46.85	45	9.12	8.93	7.72	8.81	52.35	27.44	3.9	42.66	39.17	45.18	61.06	55.37
Accounts Payable Turnover	6.47	6.2	1.85	4.65	3.84	4.67	3.15	4.01	9.24	- -	5.51	7.87	9.7	5.07	5.14
Accounts Payable Turnover Days	56.39	58.9	197.63	78.55	94.98	78.21	115.75	91.01	39.49	- -	66.26	46.39	37.61	71.97	71
Cash Conversion Cycle	21.46	13.6	-96.44	-28.1	-49.44	-56.05	-92.15	-32.61	3.71	27.29	6.31	7.25	16.3	3.05	-3.4
Inventory to Cash Days	-55.81	-21.21	11.2	32.22	27.67	6.72	5.98	-46.3	-11.68	19.48	-12.74	-24.7	-36.45	-47.11	-43.14
Inventories	1	1	1	- -	- -	- -	- -	2	- -	- -	3	5	5	5	6
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1	1	1	- -	- -	- -	- -	2	- -	- -	3	5	5	5	6

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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	48	31	20	9	6	13	11	13	28	80	66	85	102	67	43
- Cash & Cash Equivalents	7	4	3	4	3	3	2	4	3	23	14	13	12	22	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3	11	4	6	4	1	2	2	2	1	7	7	10	3	6
Enterprise Value	45	38	21	11	8	12	10	10	27	58	59	79	100	48	28
Total Capital	-232	-226	-240	-264	-276	-280	-279	-275	-271	-262	-254	-238	-223	-225	-218
Total Debt/Capital (%)	-1.33	-4.81	-1.66	-2.28	-1.53	-0.36	-0.55	-0.59	-0.72	-0.38	-2.59	-3.01	-4.43	-1.21	-2.62
Total Debt / EV	0.07	0.29	0.19	0.53	0.53	0.09	0.15	0.16	0.07	0.02	0.11	0.09	0.1	0.06	0.2
EV/Sales	2.59	2.67	2.37	0.57	0.46	0.5	0.49	0.44	1.04	2.21	2.3	1.69	1.64	1.07	0.56
EV/EBITDA	4.2	12.86	- -	- -	- -	23.39	14.7	2.35	10.69	22.08	20.09	16.91	6.91	6.34	4.21
EV/EBIT	4.2	14.93	- -	- -	- -	62.3	27.35	2.54	12.14	25.61	23.79	19.1	7.51	7.58	5.08
EV/Cash Flow to Firm	7.75	- -	6.36	1.43	- -	3	8.18	1.35	31.14	6.29	- -	11.91	7.48	6.2	4.63
EV/Free Cash Flow to Firm	7.75	- -	6.34	1.41	- -	2.93	7.89	1.33	27.5	6.28	- -	11.54	7.34	6.09	1.94
Diluted Market Cap	49	31	20	9	6	13	11	13	29	87	69	87	104	69	44
Diluted Enterprise Value	45	38	21	11	8	12	10	10	28	65	62	82	102	50	29
EV per Share	1.67	1.33	0.74	0.4	0.28	0.42	0.35	0.36	0.95	1.92	1.67	2.2	2.71	1.33	0.82
TTM Sales	17	14	9	20	17	24	20	24	26	26	26	47	61	45	51
TTM EBITDA	11	3	-1	-1	-2	1	1	4	3	3	3	5	14	8	7
TTM Operating Income	11	3	-1	-2	-2	- -	- -	4	2	2	2	4	13	6	6
TTM Cash Flow to Firm	6	-5	3	8	- -	4	1	8	1	9	-3	7	13	8	6
TTM Free Cash Flow to Firm	6	-5	3	8	- -	4	1	8	1	9	-1	7	14	8	15

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	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	12.04	-6.52	8.94	12.05	-7.86	3.33	8.59	1.73	31.52	9.5	-57.22	13.02	7.87	8.72	3.01
EV/EBIT	4.2	14.93	- -	- -	- -	62.3	27.35	2.54	12.14	25.61	23.79	19.1	7.51	7.58	5.08
Enterprise Value	45	38	21	11	8	12	10	10	27	58	59	79	100	48	28
Low Price	0.09	0.28	0.26	0.15	0.08	0.11	0.26	0.32	0.4	0.55	1.37	1.02	2.25	1.52	1.21
EV/Sales	2.59	2.67	2.37	0.57	0.46	0.5	0.49	0.44	1.04	2.21	2.3	1.69	1.64	1.07	0.56
EV/EBITDA	4.2	12.86	- -	- -	- -	23.39	14.7	2.35	10.69	22.08	20.09	16.91	6.91	6.34	4.21
Price/Earnings	1.57	- -	- -	- -	- -	953.46	- -	3.46	7.2	8.32	21.72	5.46	8.17	13.01	12.04
Price/Earnings Average	1.24	-24.51	-3.68	-0.49	-0.79	607.53	-50.33	3.84	5.03	5.33	28.05	3.82	9.03	15.75	18.43
Price/Earnings High	2.18	-43.69	-4.92	-0.85	-1.38	1,237.47	-88.04	5.94	7.35	13.13	48.78	6.39	12	21.72	23.21
Price/Earnings Low	0.08	-4.37	-1.16	-0.16	-0.22	213.21	-29.73	2.44	2.92	1.72	15.91	2.37	6.62	10.69	11.75
Price/Book Value	-0.21	-0.13	-0.08	-0.03	-0.02	-0.05	-0.04	-0.05	-0.1	-0.3	-0.25	-0.35	-0.44	-0.3	-0.19
Price/Book Value Average	-0.16	-0.19	-0.1	-0.05	-0.03	-0.03	-0.04	-0.05	-0.07	-0.2	-0.33	-0.24	-0.48	-0.36	-0.3
Price/Book Value High	-0.28	-0.33	-0.13	-0.08	-0.05	-0.06	-0.08	-0.08	-0.1	-0.48	-0.57	-0.4	-0.64	-0.49	-0.37
Price/Book Value Low	-0.01	-0.03	-0.03	-0.02	-0.01	-0.01	-0.03	-0.03	-0.04	-0.06	-0.19	-0.15	-0.35	-0.24	-0.19
Price/Tangible Book Value	1.14	0.88	0.69	-2.97	-0.91	-1.97	-1.61	-5.93	9.81	3.78	3.22	2.31	2.04	1.24	0.77
Price/Tangible Book Value Average	0.9	1.25	0.8	-4.33	-1.15	-1.25	-1.91	-6.58	6.84	2.42	4.15	1.61	2.26	1.5	1.17
Price/Tangible Book Value High	1.58	2.24	1.07	-7.43	-2.01	-2.55	-3.35	-10.18	10.01	5.97	7.22	2.7	3	2.07	1.48
Price/Tangible Book Value Low	0.06	0.22	0.25	-1.39	-0.32	-0.44	-1.13	-4.17	3.98	0.78	2.36	1	1.65	1.02	0.75
Price/Sales	2.8	2.2	2.28	0.45	0.37	0.56	0.52	0.55	1.07	3.07	2.57	1.8	1.68	1.49	0.85
Price/Sales Average	2.21	3.15	2.65	0.66	0.47	0.36	0.62	0.61	0.75	1.96	3.32	1.26	1.86	1.8	1.3
Price/Sales High	3.89	5.61	3.54	1.13	0.83	0.73	1.09	0.94	1.1	4.84	5.77	2.11	2.47	2.48	1.63
Price/Sales Low	0.14	0.56	0.84	0.21	0.13	0.13	0.37	0.39	0.44	0.63	1.88	0.78	1.36	1.22	0.83
Price/Cash Flow	11.92	-6.48	8.98	14.51	-7.77	3.41	8.91	1.74	35.38	8.78	-25.2	13.06	7.83	8.7	7.04
Price/Cash Flow Average	9.4	-9.26	10.41	21.13	-9.83	2.17	10.6	1.93	24.68	5.62	-32.55	9.13	8.65	10.54	10.77
Price/Cash Flow High	16.56	-16.5	13.92	36.29	-17.24	4.42	18.55	2.98	36.1	13.87	-56.6	15.28	11.49	14.53	13.57
Price/Cash Flow Low	0.6	-1.65	3.29	6.8	-2.7	0.76	6.26	1.22	14.35	1.82	-18.47	5.67	6.34	7.15	6.87
Price/Free Cash Flow Average	9.49	-9.31	10.36	17.54	-9.94	2.12	10.22	1.92	21.99	6.09	-73.9	9.1	8.69	10.56	4.6
Price/Free Cash Flow High	16.72	-16.59	13.86	30.13	-17.42	4.32	17.88	2.98	32.17	15.01	-128.51	15.23	11.55	14.56	5.8
Price/Free Cash Flow Low	0.6	-1.66	3.28	5.65	-2.73	0.74	6.04	1.22	12.79	1.96	-41.92	5.65	6.37	7.16	2.94
EV/Sales Average	2	3.61	2.73	0.78	0.55	0.29	0.59	0.5	0.72	1.11	3.05	1.14	1.82	1.38	1.01
EV/Sales High	3.68	6.07	3.63	1.25	0.91	0.66	1.06	0.83	1.07	3.99	5.5	1.99	2.43	2.06	1.34
EV/Sales Low	- -	1.03	0.92	0.33	0.21	0.06	0.34	0.27	0.41	- -	1.61	0.67	1.32	0.8	0.54
EV/EBITDA Average	3.24	17.4	-25.35	-10.5	-5.14	13.82	17.66	2.68	7.37	11.08	26.64	11.47	7.65	8.21	7.6
EV/EBITDA High	5.97	29.26	-33.63	-16.87	-8.44	31.25	31.52	4.47	10.92	39.8	48.08	19.99	10.21	12.27	10.14
EV/EBITDA Low	-0.11	4.94	-8.57	-4.47	-1.97	2.91	10.08	1.48	4.16	-2.2	14.08	6.67	5.56	4.77	4.05
EV/EBIT Average	3.24	20.21	-16.99	-7.59	-3.94	36.81	32.84	2.88	8.37	12.85	31.55	12.96	8.31	9.82	9.18
EV/EBIT High	5.97	33.98	-22.54	-12.2	-6.46	83.22	58.63	4.82	12.4	46.16	56.96	22.58	11.1	14.67	12.25
EV/EBIT Low	-0.11	5.74	-5.74	-3.23	-1.51	7.75	18.74	1.59	4.72	-2.55	16.68	7.54	6.04	5.7	4.89
Last Price	1.8	1.1	0.71	0.32	0.23	0.47	0.37	0.45	0.98	2.66	1.87	2.35	2.78	1.85	1.24
High Price	2.5	2.8	1.1	0.8	0.51	0.61	0.77	0.78	1	4.2	4.2	2.75	4.08	3.09	2.39
Enterprise Value Average	35	51	24	16	10	7	12	12	19	29	79	54	110	63	51
Enterprise Value High	64	86	32	25	16	16	21	20	28	104	142	94	147	94	68
Enterprise Value Low	-1	14	8	7	4	1	7	7	11	-6	42	31	80	36	27

Shares Outstanding	27	29	28	28	28	28	28	29	29	35	37	37	37	36	35
Diluted Weighted Avg Shares	27	28	29	28	28	28	28	29	29	33	37	37	38	37	35
Basic Weighted Avg Shares	27	28	29	28	28	28	28	29	29	30	35	36	37	36	35
Revenue per Share	0.64	0.5	0.31	0.71	0.62	0.84	0.71	0.83	0.91	0.87	0.73	1.3	1.65	1.25	1.46
EBITDA per Share	0.4	0.1	-0.03	-0.05	-0.07	0.02	0.02	0.15	0.09	0.09	0.08	0.13	0.39	0.21	0.19
Operating Income per Share	0.4	0.09	-0.05	-0.07	-0.09	0.01	0.01	0.14	0.08	0.07	0.07	0.12	0.36	0.18	0.16
Basic EPS, GAAP	1.14	-0.06	-0.22	-0.94	-0.37	- -	-0.01	0.13	0.14	0.32	0.09	0.43	0.34	0.14	0.1
Basic EPS from Cont Ops	1.14	-0.06	-0.22	-0.94	-0.37	- -	-0.01	0.13	0.14	0.32	0.09	0.43	0.34	0.14	0.1
Diluted EPS, GAAP	1.13	-0.06	-0.22	-0.94	-0.37	- -	-0.01	0.13	0.13	0.3	0.08	0.42	0.33	0.14	0.1
Diluted EPS from Cont Ops	1.13	-0.06	-0.22	-0.94	-0.37	- -	-0.01	0.13	0.13	0.3	0.08	0.42	0.33	0.14	0.1
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.15	-0.17	0.08	0.02	-0.03	0.14	0.04	0.26	0.03	0.3	-0.07	0.18	0.36	0.21	0.18
Free Cash Flow per Basic Share	0.15	-0.17	0.08	0.02	-0.03	0.13	0.04	0.26	0.02	0.3	-0.11	0.17	0.35	0.21	-0.07
Cash & Equivalents per Share	0.25	0.15	0.11	0.13	0.1	0.09	0.07	0.15	0.1	0.77	0.38	0.35	0.33	0.6	0.59
Book Value per Share	-8.78	-8.39	-8.52	-9.59	-9.93	-9.88	-9.86	-9.69	-9.53	-8.72	-7.34	-6.8	-6.34	-6.24	-6.43
Tangible Book Value per Share	1.58	1.25	1.03	-0.11	-0.25	-0.24	-0.23	-0.08	0.1	0.7	0.58	1.02	1.36	1.49	1.62

Heritage Global Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)