Horizon Group Properties, Inc.

HGPI

HGPIHorizon Group Properties, Inc. US flag

Other OTC

2.32

USD

- -

22.73MMarket Cap

Profitability (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-0.56	-1.91	-14.24	-18.91
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100
EBITDA Margin (%)	76.74	-0.66	41.69	-52.19	-131.6
Operating Margin (%)	32.75	16.45	20.35	-78.57	-98.25
Incremental Operating Margin (%)	- -	-4.51	-0.88	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -
Profit Margin (%)	1.75	-2.96	-11.65	-95.74	-119.7
Net Income to Common Margin (%)	1.75	-2.96	-11.65	-95.74	-119.7
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Total Debt	115	107	104	103	104
ST Debt	- -	- -	- -	- -	- -
LT Debt	115	107	104	103	104
Total Debt/EBITDA	8.75	-535.5	10.09	-9.75	-4.36
Net Debt/EBITDA	8.54	-510.72	9.82	-9.65	-4.3
Total Debt/EBIT	20.5	21.42	20.68	-6.48	-5.84
Net Debt/EBIT	20.02	20.43	20.11	-6.41	-5.77
EBITDA to Interest Expense	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.2	-0.39	-2.31	-18.34	-42.49
Long-Term Debt/Equity (%)	280.68	268.42	286.09	752.87	- -
Long-Term Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Long-Term Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Total Debt/Equity (%)	280.68	268.42	286.09	752.87	-943.71
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Net Debt to Equity	274.12	256	278.23	744.86	-932.46
Net Debt/Capital (%)	93.63	94.63	97.99	125.52	182.83
EBITDA	13	- -	10	-11	-24
EBITDA-CapEx	11	-4	9	-15	-24
Operating Income (Loss)	6	5	5	-16	-18

Liquidity (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Cash Ratio	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.2	-0.39	-2.31	-18.34	-42.49
Long-Term Debt/Equity (%)	280.68	268.42	286.09	752.87	- -
Long-Term Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Long-Term Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Total Debt/Equity (%)	280.68	268.42	286.09	752.87	-943.71
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
CFO/Total Liabilities	2.24	5.82	1.81	0.18	2.2
CFO/CapEx	1.12	1.76	1.16	0.04	6.11
Altman's Z-Score	0.27	0.34	0.29	-0.48	-0.94

Working Capital (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Accounts Receivable Turnover	- -	23.11	15.73	13.19	15.45
Days Sales Outstanding	- -	15.79	23.2	27.68	23.62
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)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Market Capitalization	10	9	8	6	8
- Cash & Cash Equivalents	3	5	3	1	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	7	6	6	2	-2
+ Total Debt	115	107	104	103	104
Enterprise Value	130	118	116	110	109
Total Capital	122	113	106	82	57
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt / EV	0.89	0.91	0.9	0.93	0.95
EV/Sales	7.58	3.87	4.66	5.45	6
EV/EBITDA	9.88	- -	11.17	- -	- -
EV/EBIT	23.14	23.52	22.88	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -
Diluted Market Cap	12	11	10	7	10
Diluted Enterprise Value	132	119	117	111	110
EV per Share	46.87	41.65	40.36	38.45	37.86
TTM Sales	17	30	25	20	18
TTM EBITDA	13	- -	10	-11	-24
TTM Operating Income	6	5	5	-16	-18
TTM Cash Flow to Firm	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -

Multiples (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Price/Free Cash Flow	2.35	1.03	2.55	1.52	3.25
EV/EBIT	23.14	23.52	22.88	- -	- -
Enterprise Value	130	118	116	110	109
Low Price	1.88	2.63	2.03	1.75	1.5
EV/Sales	7.58	3.87	4.66	5.45	6
EV/EBITDA	9.88	- -	11.17	- -	- -
Price/Earnings	33.92	- -	- -	- -	- -
Price/Earnings Average	35.19	-11.13	-3.31	-0.37	-0.29
Price/Earnings High	65.71	-25.09	-4.95	-0.54	-0.46
Price/Earnings Low	17.33	-8.25	-2.01	-0.26	-0.2
Price/Book Value	31.02	-15.06	-2.48	-0.27	-0.18
Price/Book Value Average	32.19	-16.7	-2.8	-0.32	-0.14
Price/Book Value High	60.11	-37.64	-4.19	-0.46	-0.23
Price/Book Value Low	15.85	-12.37	-1.7	-0.22	-0.1
Price/Tangible Book Value	0.25	0.23	0.23	0.46	-0.74
Price/Tangible Book Value Average	0.26	0.25	0.26	0.53	-0.58
Price/Tangible Book Value High	0.48	0.57	0.39	0.76	-0.91
Price/Tangible Book Value Low	0.13	0.19	0.16	0.37	-0.39
Price/Sales	0.6	0.3	0.34	0.31	0.45
Price/Sales Average	0.62	0.33	0.39	0.36	0.35
Price/Sales High	1.15	0.74	0.58	0.52	0.56
Price/Sales Low	0.3	0.24	0.23	0.25	0.24
Price/Cash Flow	3.63	1.35	4.01	30.97	3.2
Price/Cash Flow Average	3.77	1.5	4.52	35.96	2.51
Price/Cash Flow High	7.04	3.37	6.77	51.86	3.95
Price/Cash Flow Low	1.86	1.11	2.75	24.86	1.69
Price/Free Cash Flow Average	2.44	1.15	2.88	1.77	2.55
Price/Free Cash Flow High	4.56	2.58	4.31	2.55	4.02
Price/Free Cash Flow Low	1.2	0.85	1.75	1.22	1.72
EV/Sales Average	7.6	3.9	4.7	5.5	5.91
EV/Sales High	8.14	4.31	4.89	5.66	6.11
EV/Sales Low	7.29	3.81	4.55	5.39	5.79
EV/EBITDA Average	9.9	-592.83	11.27	-10.53	-4.49
EV/EBITDA High	10.6	-655.64	11.73	-10.84	-4.64
EV/EBITDA Low	9.5	-579.85	10.91	-10.32	-4.4
EV/EBIT Average	23.21	23.71	23.09	-7	-6.01
EV/EBIT High	24.84	26.23	24.03	-7.2	-6.22
EV/EBIT Low	22.25	23.19	22.35	-6.85	-5.9
Last Price	3.68	3.2	2.96	2.18	2.83
High Price	7.13	8	5	3.65	3.5
Enterprise Value Average	130	119	117	111	107
Enterprise Value High	139	131	121	115	111
Enterprise Value Low	125	116	113	109	105

Profitability (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-0.56	-1.91	-14.24	-18.91
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100
EBITDA Margin (%)	76.74	-0.66	41.69	-52.19	-131.6
Operating Margin (%)	32.75	16.45	20.35	-78.57	-98.25
Incremental Operating Margin (%)	- -	-4.51	-0.88	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -
Profit Margin (%)	1.75	-2.96	-11.65	-95.74	-119.7
Net Income to Common Margin (%)	1.75	-2.96	-11.65	-95.74	-119.7
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Total Debt	115	107	104	103	104
ST Debt	- -	- -	- -	- -	- -
LT Debt	115	107	104	103	104
Total Debt/EBITDA	8.75	-535.5	10.09	-9.75	-4.36
Net Debt/EBITDA	8.54	-510.72	9.82	-9.65	-4.3
Total Debt/EBIT	20.5	21.42	20.68	-6.48	-5.84
Net Debt/EBIT	20.02	20.43	20.11	-6.41	-5.77
EBITDA to Interest Expense	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.2	-0.39	-2.31	-18.34	-42.49
Long-Term Debt/Equity (%)	280.68	268.42	286.09	752.87	- -
Long-Term Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Long-Term Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Total Debt/Equity (%)	280.68	268.42	286.09	752.87	-943.71
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Net Debt to Equity	274.12	256	278.23	744.86	-932.46
Net Debt/Capital (%)	93.63	94.63	97.99	125.52	182.83
EBITDA	13	- -	10	-11	-24
EBITDA-CapEx	11	-4	9	-15	-24
Operating Income (Loss)	6	5	5	-16	-18

Liquidity (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Cash Ratio	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.2	-0.39	-2.31	-18.34	-42.49
Long-Term Debt/Equity (%)	280.68	268.42	286.09	752.87	- -
Long-Term Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Long-Term Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
Total Debt/Equity (%)	280.68	268.42	286.09	752.87	-943.71
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt/Total Assets (%)	69.28	69.1	70.56	82.92	99.12
CFO/Total Liabilities	2.24	5.82	1.81	0.18	2.2
CFO/CapEx	1.12	1.76	1.16	0.04	6.11
Altman's Z-Score	0.27	0.34	0.29	-0.48	-0.94

Working Capital (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Accounts Receivable Turnover	- -	23.11	15.73	13.19	15.45
Days Sales Outstanding	- -	15.79	23.2	27.68	23.62
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)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Market Capitalization	10	9	8	6	8
- Cash & Cash Equivalents	3	5	3	1	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	7	6	6	2	-2
+ Total Debt	115	107	104	103	104
Enterprise Value	130	118	116	110	109
Total Capital	122	113	106	82	57
Total Debt/Capital (%)	93.77	94.86	98.04	125.19	181.05
Total Debt / EV	0.89	0.91	0.9	0.93	0.95
EV/Sales	7.58	3.87	4.66	5.45	6
EV/EBITDA	9.88	- -	11.17	- -	- -
EV/EBIT	23.14	23.52	22.88	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -
Diluted Market Cap	12	11	10	7	10
Diluted Enterprise Value	132	119	117	111	110
EV per Share	46.87	41.65	40.36	38.45	37.86
TTM Sales	17	30	25	20	18
TTM EBITDA	13	- -	10	-11	-24
TTM Operating Income	6	5	5	-16	-18
TTM Cash Flow to Firm	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -

Multiples (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Price/Free Cash Flow	2.35	1.03	2.55	1.52	3.25
EV/EBIT	23.14	23.52	22.88	- -	- -
Enterprise Value	130	118	116	110	109
Low Price	1.88	2.63	2.03	1.75	1.5
EV/Sales	7.58	3.87	4.66	5.45	6
EV/EBITDA	9.88	- -	11.17	- -	- -
Price/Earnings	33.92	- -	- -	- -	- -
Price/Earnings Average	35.19	-11.13	-3.31	-0.37	-0.29
Price/Earnings High	65.71	-25.09	-4.95	-0.54	-0.46
Price/Earnings Low	17.33	-8.25	-2.01	-0.26	-0.2
Price/Book Value	31.02	-15.06	-2.48	-0.27	-0.18
Price/Book Value Average	32.19	-16.7	-2.8	-0.32	-0.14
Price/Book Value High	60.11	-37.64	-4.19	-0.46	-0.23
Price/Book Value Low	15.85	-12.37	-1.7	-0.22	-0.1
Price/Tangible Book Value	0.25	0.23	0.23	0.46	-0.74
Price/Tangible Book Value Average	0.26	0.25	0.26	0.53	-0.58
Price/Tangible Book Value High	0.48	0.57	0.39	0.76	-0.91
Price/Tangible Book Value Low	0.13	0.19	0.16	0.37	-0.39
Price/Sales	0.6	0.3	0.34	0.31	0.45
Price/Sales Average	0.62	0.33	0.39	0.36	0.35
Price/Sales High	1.15	0.74	0.58	0.52	0.56
Price/Sales Low	0.3	0.24	0.23	0.25	0.24
Price/Cash Flow	3.63	1.35	4.01	30.97	3.2
Price/Cash Flow Average	3.77	1.5	4.52	35.96	2.51
Price/Cash Flow High	7.04	3.37	6.77	51.86	3.95
Price/Cash Flow Low	1.86	1.11	2.75	24.86	1.69
Price/Free Cash Flow Average	2.44	1.15	2.88	1.77	2.55
Price/Free Cash Flow High	4.56	2.58	4.31	2.55	4.02
Price/Free Cash Flow Low	1.2	0.85	1.75	1.22	1.72
EV/Sales Average	7.6	3.9	4.7	5.5	5.91
EV/Sales High	8.14	4.31	4.89	5.66	6.11
EV/Sales Low	7.29	3.81	4.55	5.39	5.79
EV/EBITDA Average	9.9	-592.83	11.27	-10.53	-4.49
EV/EBITDA High	10.6	-655.64	11.73	-10.84	-4.64
EV/EBITDA Low	9.5	-579.85	10.91	-10.32	-4.4
EV/EBIT Average	23.21	23.71	23.09	-7	-6.01
EV/EBIT High	24.84	26.23	24.03	-7.2	-6.22
EV/EBIT Low	22.25	23.19	22.35	-6.85	-5.9
Last Price	3.68	3.2	2.96	2.18	2.83
High Price	7.13	8	5	3.65	3.5
Enterprise Value Average	130	119	117	111	107
Enterprise Value High	139	131	121	115	111
Enterprise Value Low	125	116	113	109	105

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y
Shares Outstanding	3	3	3	3	3
Diluted Weighted Avg Shares	3	3	3	3	3
Basic Weighted Avg Shares	3	3	3	3	3
Revenue per Share	6.18	10.77	8.67	7.06	6.31
EBITDA per Share	4.75	-0.07	3.61	-3.68	-8.3
Operating Income per Share	2.03	1.77	1.76	-5.55	-6.2
Basic EPS, GAAP	0.11	-0.32	-1.01	-6.76	-7.55
Basic EPS from Cont Ops	0.11	-0.11	-1.34	-7.41	-7.62
Diluted EPS, GAAP	0.09	-0.27	-0.85	-5.74	-6.38
Diluted EPS from Cont Ops	0.09	-0.09	-1.13	-6.29	-6.45
Dividend per Share	- -	- -	- -	- -	- -
Cash Flow per Share	1.01	2.37	0.74	0.07	0.89
Free Cash Flow per Basic Share	0.11	1.03	0.1	-1.54	0.74
Cash & Equivalents per Share	0.97	1.76	1	0.38	0.43
Book Value per Share	0.12	-0.21	-1.19	-7.95	-15.5
Tangible Book Value per Share	14.79	14.13	12.75	4.77	-3.83

Horizon Group Properties, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)