Insteel Industries, Inc. Financial Ratios — IIIN 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 (%)	-0.38	1.78	11.24	14.54	16.5	24.86	14.4	22.3	3.26	10.44	32.01	46.78	10.69	6.86	15
Return on Assets (%)	-0.19	0.85	5.57	7.09	8.4	13.47	7.83	11.84	1.8	6.03	18.28	28.99	7.05	4.44	9.27
Return on Capital (%)	-3.69	1.94	10.8	14.68	16.66	24.93	14.46	22.36	3.33	10.42	31.72	46.52	10.65	6.84	14.86
Return on Invested Capital (%)	-30.04	1.45	7.5	9.85	11.19	17.46	10.05	15.45	1.7	7.42	23.77	35.46	6.92	4.14	11.33
Gross Margin (%)	9.42	6.18	10.78	11.93	13.04	20.35	15.37	15.62	6.6	11.8	20.58	23.86	10.07	9.38	14.43
EBITDA Margin (%)	6.44	3.66	7.8	8.72	9.93	16.28	11.81	12.21	4.19	8.19	17.56	21.26	7.4	6.7	11.24
Operating Margin (%)	3.6	0.98	5.1	6.21	7.26	13.52	8.81	9.38	1.22	5.17	15.1	19.5	5.35	3.79	8.4
Incremental Operating Margin (%)	8.11	-32.54	2,530.19	15.2	18.45	-83.13	75.17	12.79	-1,480.21	111.69	54.86	30.52	71.24	12.23	29.02
Pretax Margin (%)	0.03	0.75	4.95	6.16	7.37	13.45	8.79	9.41	1.64	5.11	14.58	19.56	6.43	4.78	8.31
Profit Margin (%)	-0.11	0.5	3.22	4.07	4.85	8.9	5.8	8	1.23	4.02	11.28	15.12	4.99	3.65	6.33
Net Income to Common Margin (%)	-0.11	0.5	3.22	4.07	4.85	8.9	5.8	8	1.23	4.02	11.28	15.12	4.99	3.65	6.33
Effective Tax Rate (%)	483.17	33.64	34.79	33.99	34.14	33.83	34.01	14.93	24.91	21.35	22.64	22.7	22.37	23.66	23.76
Dvd Payout Ratio (%)	-545.74	117.25	56.23	13.18	10.18	56	115.36	58.82	41.26	12.17	46.98	32.93	127.26	263.88	53.05
Sustainable Growth Rate (%)	-2.43	-0.31	4.92	12.62	14.82	10.94	-2.21	9.18	1.91	9.17	16.97	31.37	-2.91	-11.24	7.04

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
Total Debt	14	11	- -	- -	- -	- -	- -	- -	- -	3	2	2	2	2	4
ST Debt	1	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	2
LT Debt	13	11	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	2
Total Debt/EBITDA	0.65	0.86	- -	- -	- -	- -	- -	- -	- -	0.07	0.02	0.01	0.04	0.05	0.05
Net Debt/EBITDA	0.65	0.86	-0.54	-0.09	-0.75	-0.86	-0.7	-0.79	-2	-1.78	-0.87	-0.27	-2.62	-3.15	-0.53
Total Debt/EBIT	1.17	3.24	- -	- -	- -	- -	- -	- -	- -	0.1	0.02	0.01	0.06	0.08	0.07
Net Debt/EBIT	1.17	3.23	-0.83	-0.12	-1.02	-1.04	-0.94	-1.03	-6.87	-2.81	-1.01	-0.3	-3.62	-5.57	-0.71
EBITDA to Interest Expense	22.66	21.36	120.78	141.57	138.88	431.16	337.66	485.27	113.75	365.04	1,080.01	1,931.3	551.92	398.36	1,400.5
EBITDA-CapEx/Interest Expense	22.66	21.36	112.75	141.57	134.32	431.16	337.66	485.27	113.75	365.04	1,080.01	1,931.3	551.92	398.36	1,400.5
EBIT to Interest Expense	12.67	5.69	78.94	100.8	101.59	358.1	252.01	372.83	33.08	230.56	928.75	1,772.11	399	225.18	1,046.85
Interest Expense	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	47	48.7	50.4	47.43	54.33	54.04	54.72	51.68	59.26	56.34	57.79	65.44	66.58	62.66	60.99
Long-Term Debt/Equity (%)	9.08	7.68	- -	- -	- -	- -	- -	- -	- -	0.49	0.23	0.15	0.25	0.23	0.55
Long-Term Debt/Capital (%)	11.63	10.15	- -	- -	- -	- -	- -	- -	- -	0.67	0.31	0.18	0.31	0.3	0.72
Long-Term Debt/Total Assets (%)	6.23	5.5	- -	- -	- -	- -	- -	- -	- -	0.38	0.18	0.12	0.21	0.19	0.44
Total Debt/Equity (%)	9.53	7.68	- -	- -	- -	- -	- -	- -	- -	0.96	0.57	0.4	0.51	0.48	1.05
Total Debt/Capital (%)	12.21	10.15	- -	- -	- -	- -	- -	- -	- -	1.31	0.76	0.51	0.65	0.63	1.36
Total Debt/Total Assets (%)	6.54	5.5	- -	- -	- -	- -	- -	- -	- -	0.75	0.44	0.33	0.43	0.4	0.84
Net Debt to Equity	9.53	7.67	-9.59	-1.71	-16.61	-26.22	-14.37	-18.18	-15.52	-25.94	-29.76	-12.4	-32.94	-31.79	-10.4
Net Debt/Capital (%)	12.2	10.14	-16.83	-2.57	-30.76	-59.22	-26.15	-34.77	-28.19	-55.3	-65.31	-18.44	-72.13	-71.99	-15.61
EBITDA	22	13	28	36	44	68	46	55	19	39	104	176	48	35	73
EBITDA-CapEx	22	13	26	36	43	68	46	55	19	39	104	176	48	35	73
Operating Income (Loss)	12	4	19	25	33	57	34	43	6	24	89	161	35	20	54

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
Cash Ratio	- -	- -	0.41	0.05	0.73	1.09	0.76	0.61	1.34	1.28	1.31	0.77	2.72	2.37	0.59
Current Ratio	2.62	3.2	3.24	2.26	3.3	3.36	3.79	2.72	5.65	3.67	3.59	5.36	6.47	5.68	3.97
Quick Ratio	0.9	1.17	1.51	0.86	1.78	1.98	1.73	1.33	2.94	2.28	2.29	2.08	4.1	3.64	1.78
CFO/Avg Current Liab	-0.08	0.32	1	0.58	0.66	1.13	0.43	0.94	0.13	1.37	1.14	0.09	2.62	1.25	0.48
Common Equity/Total Assets	47	48.7	50.4	47.43	54.33	54.04	54.72	51.68	59.26	56.34	57.79	65.44	66.58	62.66	60.99
Long-Term Debt/Equity (%)	9.08	7.68	- -	- -	- -	- -	- -	- -	- -	0.49	0.23	0.15	0.25	0.23	0.55
Long-Term Debt/Capital (%)	11.63	10.15	- -	- -	- -	- -	- -	- -	- -	0.67	0.31	0.18	0.31	0.3	0.72
Long-Term Debt/Total Assets (%)	6.23	5.5	- -	- -	- -	- -	- -	- -	- -	0.38	0.18	0.12	0.21	0.19	0.44
Total Debt/Equity (%)	9.53	7.68	- -	- -	- -	- -	- -	- -	- -	0.96	0.57	0.4	0.51	0.48	1.05
Total Debt/Capital (%)	12.21	10.15	- -	- -	- -	- -	- -	- -	- -	1.31	0.76	0.51	0.65	0.63	1.36
Total Debt/Total Assets (%)	6.54	5.5	- -	- -	- -	- -	- -	- -	- -	0.75	0.44	0.33	0.43	0.4	0.84
CFO/Total Liabilities	-4.27	22.26	71.38	37.52	59.6	82.33	34.91	61.42	14.06	76.91	78.81	6.91	215.43	81.18	29.81
CFO/CapEx	- -	- -	19.52	- -	24.5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.66	4.12	5.23	4.91	5.43	7.49	6.62	6.48	6.79	5.21	7.66	7.75	8.53	7.85	8.42

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
Accounts Receivable Turnover	10.07	8.64	8.74	8.86	9.13	8.89	8.87	9.88	9.53	9.65	9.7	11.06	8.95	8.69	9.45
Days Sales Outstanding	36.26	42.25	41.75	41.2	39.96	41.06	41.15	36.95	38.31	37.84	37.62	33.01	40.78	41.98	38.61
Inventory Turnover	5.07	4.8	5.21	5.12	5.26	4.86	4.3	4.35	5.16	5.96	6.34	4.55	3.88	4.99	4.89
Days Inventory Outstanding	71.94	76.11	70.02	71.28	69.36	75.11	84.87	84	70.75	61.21	57.59	80.22	94.08	73.12	74.62
Accounts Payable Turnover	11.39	9.61	10.47	9.2	8.78	9.03	8.89	8.42	9.85	13.7	10.84	15.55	12.06	12.95	14.08
Accounts Payable Turnover Days	32.05	37.98	34.86	39.69	41.55	40.4	41.04	43.33	37.04	26.63	33.67	23.48	30.26	28.19	25.92
Cash Conversion Cycle	76.15	80.38	76.91	72.78	67.77	75.77	84.97	77.62	72.02	72.42	61.53	89.75	104.61	86.92	87.31
Inventory to Cash Days	-35.68	-33.86	-28.27	-30.09	-29.4	-34.05	-43.72	-47.05	-32.44	-23.37	-19.97	-47.21	-53.3	-31.14	-36.01
Inventories	76	66	59	82	66	71	82	94	71	69	79	198	103	89	138
Raw Materials	41	39	34	49	38	45	52	61	28	32	50	109	39	37	63
Work In Process	4	4	3	4	3	3	3	5	5	4	7	9	6	6	10
Finished Goods	32	23	22	29	25	23	27	28	38	34	22	80	58	46	65
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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
Market Capitalization	109	129	185	241	192	462	350	501	291	267	582	431	567	586	747
- Cash & Cash Equivalents	- -	- -	15	3	33	59	32	44	38	69	90	48	126	112	39
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	14	11	- -	- -	- -	- -	- -	- -	- -	3	2	2	2	2	4
Enterprise Value	123	140	169	238	158	403	318	457	253	201	494	384	444	476	712
Total Capital	116	113	107	122	141	158	155	170	174	193	228	310	300	266	286
Total Debt/Capital (%)	12.21	10.15	- -	- -	- -	- -	- -	- -	- -	1.31	0.76	0.51	0.65	0.63	1.36
Total Debt / EV	0.12	0.08	- -	- -	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	0.01
EV/Sales	0.36	0.39	0.47	0.58	0.35	0.96	0.82	1.01	0.55	0.43	0.84	0.46	0.68	0.9	1.1
EV/EBITDA	5.65	10.52	5.96	6.67	3.56	5.91	6.91	8.27	13.22	5.2	4.76	2.19	9.24	13.42	9.78
EV/EBIT	10.11	39.49	9.12	9.37	4.87	7.12	9.26	10.76	45.45	8.23	5.54	2.38	12.78	23.74	13.08
EV/Cash Flow to Firm	- -	10.33	4.58	8.1	4.4	7.14	15.17	8.46	37.51	3.57	7.06	66.96	3.12	8.16	26.18
EV/Free Cash Flow to Firm	- -	10.33	4.35	8.1	4.23	7.14	15.17	8.46	37.51	3.57	7.06	66.96	3.12	8.16	26.18
Diluted Market Cap	109	131	189	247	196	469	353	506	292	269	588	434	569	588	750
Diluted Enterprise Value	123	142	173	244	162	410	321	462	254	202	500	387	445	478	715
EV per Share	6.99	7.93	9.43	13.04	8.59	21.47	16.7	23.97	13.13	10.43	25.53	19.69	22.75	24.4	36.56
TTM Sales	337	363	364	409	448	419	389	453	456	473	591	827	649	529	648
TTM EBITDA	22	13	28	36	44	68	46	55	19	39	104	176	48	35	73
TTM Operating Income	12	4	19	25	33	57	34	43	6	24	89	161	35	20	54
TTM Cash Flow to Firm	-7	14	37	29	36	56	21	54	7	56	70	6	142	58	27
TTM Free Cash Flow to Firm	-7	14	39	29	37	56	21	54	7	56	70	6	142	58	27

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
Price/Free Cash Flow	-37.34	9.96	4.88	8.43	5.25	8.34	16.96	9.38	44.22	4.78	8.41	76.47	4	10.1	27.61
EV/EBIT	10.11	39.49	9.12	9.37	4.87	7.12	9.26	10.76	45.45	8.23	5.54	2.38	12.78	23.74	13.08
Enterprise Value	123	140	169	238	158	403	318	457	253	201	494	384	444	476	712
Low Price	8.22	8.93	10.53	15.45	14.61	15.64	22.5	24.51	17.5	10	18.11	26.02	24	26.87	22.49
EV/Sales	0.36	0.39	0.47	0.58	0.35	0.96	0.82	1.01	0.55	0.43	0.84	0.46	0.68	0.9	1.1
EV/EBITDA	5.65	10.52	5.96	6.67	3.56	5.91	6.91	8.27	13.22	5.2	4.76	2.19	9.24	13.42	9.78
Price/Earnings	- -	71.09	15.74	14.49	8.82	12.39	15.51	13.82	51.94	14.06	8.74	3.45	17.5	30.34	18.21
Price/Earnings Average	-321.86	66.39	14.78	13.91	11.08	9.18	19.16	12.03	56.56	14.35	7.05	4.82	15.71	32.06	15.14
Price/Earnings High	-685.24	134.16	29.63	26.62	21.08	18.74	36.09	23.03	123.89	26.99	12.78	7.45	21.54	39.78	19.78
Price/Earnings Low	-373.02	87.2	16.11	16.95	12.39	7.88	18.97	12.89	60.16	10.14	5.26	4.06	14.44	27.14	10.68
Price/Book Value	1.07	1.27	1.72	1.98	1.35	2.92	2.26	2.94	1.67	1.4	2.58	1.4	1.9	2.21	2.65
Price/Book Value Average	1.22	1.18	1.62	1.9	1.7	2.16	2.79	2.56	1.82	1.43	2.08	1.95	1.71	2.34	2.2
Price/Book Value High	2.61	2.39	3.24	3.64	3.24	4.41	5.25	4.9	3.99	2.69	3.77	3.02	2.34	2.9	2.88
Price/Book Value Low	1.42	1.55	1.76	2.32	1.9	1.85	2.76	2.75	1.94	1.01	1.55	1.64	1.57	1.98	1.55
Price/Tangible Book Value	0.73	0.86	1.16	1.49	1.05	2.21	1.68	2.24	1.27	1.08	2.05	1.16	1.55	1.74	2.35
Price/Tangible Book Value Average	0.84	0.8	1.09	1.43	1.31	1.64	2.07	1.95	1.38	1.11	1.65	1.62	1.39	1.84	1.96
Price/Tangible Book Value High	1.79	1.62	2.18	2.73	2.5	3.35	3.9	3.73	3.03	2.08	2.99	2.49	1.91	2.29	2.56
Price/Tangible Book Value Low	0.97	1.06	1.19	1.74	1.47	1.41	2.05	2.09	1.47	0.78	1.23	1.36	1.28	1.56	1.38
Price/Sales	0.32	0.35	0.51	0.59	0.43	1.1	0.9	1.11	0.64	0.57	0.99	0.52	0.87	1.11	1.15
Price/Sales Average	0.37	0.33	0.48	0.57	0.54	0.82	1.11	0.96	0.69	0.58	0.8	0.73	0.78	1.17	0.96
Price/Sales High	0.79	0.67	0.96	1.08	1.02	1.67	2.09	1.84	1.52	1.09	1.44	1.13	1.08	1.45	1.25
Price/Sales Low	0.43	0.43	0.52	0.69	0.6	0.7	1.1	1.03	0.74	0.41	0.59	0.61	0.72	0.99	0.68
Price/Cash Flow	-37.34	9.78	5.01	8.25	5.35	8.2	16.78	9.29	44	4.75	8.33	76.04	3.99	10.06	27.5
Price/Cash Flow Average	-42.85	9.14	4.71	7.92	6.73	6.08	20.73	8.09	47.92	4.85	6.72	106.35	3.58	10.63	22.86
Price/Cash Flow High	-91.22	18.46	9.44	15.15	12.79	12.41	39.05	15.48	104.95	9.12	12.18	164.19	4.91	13.19	29.87
Price/Cash Flow Low	-49.66	12	5.13	9.65	7.52	5.21	20.53	8.66	50.96	3.43	5.01	89.56	3.29	9	16.13
Price/Free Cash Flow Average	-42.85	9.31	4.58	8.1	6.6	6.17	20.96	8.17	48.16	4.88	6.79	106.96	3.59	10.67	22.95
Price/Free Cash Flow High	-91.22	18.81	9.18	15.49	12.55	12.61	39.48	15.64	105.48	9.17	12.3	165.13	4.93	13.24	29.98
Price/Free Cash Flow Low	-49.66	12.22	4.99	9.87	7.38	5.3	20.75	8.75	51.22	3.45	5.06	90.08	3.3	9.04	16.19
EV/Sales Average	0.41	0.36	0.43	0.56	0.46	0.68	1.03	0.87	0.61	0.44	0.65	0.67	0.59	0.96	0.91
EV/Sales High	0.83	0.7	0.91	1.08	0.95	1.53	2.01	1.75	1.44	0.95	1.29	1.07	0.88	1.24	1.2
EV/Sales Low	0.47	0.47	0.48	0.68	0.53	0.56	1.02	0.93	0.66	0.27	0.44	0.56	0.53	0.78	0.62
EV/EBITDA Average	6.39	9.88	5.57	6.4	4.67	4.15	8.71	7.09	14.57	5.34	3.68	3.17	8.03	14.36	8.05
EV/EBITDA High	12.87	19.1	11.7	12.33	9.55	9.38	17.02	14.3	34.29	11.55	7.36	5.03	11.96	18.56	10.66
EV/EBITDA Low	7.3	12.71	6.11	7.82	5.31	3.44	8.62	7.66	15.62	3.27	2.53	2.62	7.17	11.68	5.54
EV/EBIT Average	11.43	37.09	8.52	8.99	6.38	5	11.67	9.23	50.11	8.45	4.28	3.45	11.11	25.4	10.77
EV/EBIT High	23.02	71.66	17.91	17.32	13.06	11.3	22.81	18.62	117.93	18.28	8.56	5.48	16.55	32.84	14.27
EV/EBIT Low	13.06	47.7	9.36	10.98	7.25	4.14	11.54	9.97	53.73	5.18	2.94	2.86	9.92	20.67	7.41
Last Price	6.18	7.28	10.29	13.21	10.4	24.61	18.39	26.27	15.11	13.86	30.09	22.09	29.09	30.03	38.34
High Price	15.1	13.74	19.37	24.26	24.85	37.22	42.81	43.78	36.04	26.61	44	47.7	35.8	39.38	41.64
Enterprise Value Average	139	132	158	228	207	283	400	392	278	207	381	556	386	509	586
Enterprise Value High	279	254	332	440	424	639	782	791	655	447	763	884	575	658	777
Enterprise Value Low	159	169	174	279	236	234	396	424	299	127	262	461	344	414	403

	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	18	18	18	18	18	19	19	19	19	19	19	19	19	19	19
Diluted Weighted Avg Shares	18	18	18	19	19	19	19	19	19	19	20	20	20	20	20
Basic Weighted Avg Shares	18	18	18	18	18	19	19	19	19	19	19	20	20	20	19
Revenue per Share	19.18	20.57	20.28	22.4	24.3	22.32	20.46	23.75	23.68	24.52	30.53	42.36	33.28	27.14	33.24
EBITDA per Share	1.24	0.75	1.58	1.95	2.41	3.63	2.42	2.9	0.99	2.01	5.36	9	2.46	1.82	3.74
Operating Income per Share	0.69	0.2	1.03	1.39	1.77	3.02	1.8	2.23	0.29	1.27	4.61	8.26	1.78	1.03	2.79
Basic EPS, GAAP	-0.02	0.1	0.65	0.91	1.18	1.99	1.19	1.9	0.29	0.99	3.44	6.41	1.66	0.99	2.11
Basic EPS from Cont Ops	-0.02	0.1	0.65	0.91	1.18	1.99	1.19	1.9	0.29	0.99	3.44	6.41	1.66	0.99	2.11
Diluted EPS, GAAP	-0.02	0.1	0.64	0.89	1.15	1.95	1.17	1.88	0.29	0.98	3.41	6.37	1.66	0.99	2.1
Diluted EPS from Cont Ops	-0.02	0.1	0.64	0.89	1.15	1.95	1.17	1.88	0.29	0.98	3.41	6.37	1.66	0.99	2.1
Dividend per Share	0.12	0.12	0.37	0.12	0.12	1.11	1.37	1.12	0.12	0.12	1.62	2.11	2.12	2.61	1.12
Cash Flow per Share	-0.17	0.74	2.05	1.6	1.94	3	1.1	2.83	0.34	2.92	3.61	0.29	7.29	2.98	1.39
Free Cash Flow per Basic Share	-0.17	0.74	1.95	1.6	1.86	3	1.1	2.83	0.34	2.92	3.61	0.29	7.29	2.98	1.39
Cash & Equivalents per Share	- -	- -	0.86	0.17	1.81	3.14	1.69	2.3	1.98	3.56	4.65	2.48	6.44	5.72	1.98
Book Value per Share	5.79	5.75	5.97	6.67	7.68	8.44	8.15	8.93	9.02	9.88	11.67	15.82	15.28	13.58	14.48
Tangible Book Value per Share	8.45	8.46	8.88	8.88	9.94	11.12	10.97	11.72	11.91	12.79	14.71	19.12	18.75	17.22	16.28

Insteel Industries, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)