JBG SMITH Properties Financial Ratios — JBGS Stock

Profitability (USD)

	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	4.77	1.42	1.71	-1.47	0.66	1.09	-1.03	-1.27	1.39	-1.4	-2.72	-2.96
Return on Capital (%)	- -	21.45	7.75	8.97	- -	- -	- -	- -	- -	6.07	- -	- -	- -
Return on Invested Capital (%)	- -	8.33	3.04	3.52	- -	- -	- -	- -	- -	0.36	- -	- -	- -
Gross Margin (%)	64.77	63.83	62.05	62.98	56.32	52.04	50.35	45.01	48.2	49.37	51.89	50.03	49.62
EBITDA Margin (%)	54.5	53.25	53.03	53.15	44.22	41.86	37.26	32.66	37.79	39.54	43.62	40.54	39.24
Operating Margin (%)	31.42	29.31	21.8	24.92	13.92	8.39	7.04	-4.77	-0.11	3.58	7.94	1.25	-0.36
Incremental Operating Margin (%)	- -	326.3	1,555.35	210.72	-67.77	-21.29	-234.98	- -	- -	-78.45	-1,615.56	72.23	- -
Pretax Margin (%)	15.99	17.24	10.63	13.18	-16.39	7.12	11.25	-11.87	-13.59	16.55	-15.23	-32.34	-34.47
Profit Margin (%)	18.61	17.19	10.55	12.95	-13.21	6.2	10.12	-10.34	-12.49	14.09	-13.24	-26.22	-27.89
Net Income to Common Margin (%)	18.61	17.19	10.55	12.95	-13.21	6.2	10.12	-10.34	-12.49	14.09	-13.24	-26.22	-27.89
Effective Tax Rate (%)	- -	0.3	0.84	1.72	- -	- -	- -	- -	- -	1.26	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	-30.71	201.44	156.96	-166.18	-117.89	95.64	-90.88	-29.25	-24.58
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	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	- -	1,278	1,303	1,180	2,255	2,174	1,669	2,053	2,651	2,445	2,627	2,614	2,543
ST Debt	- -	- -	- -	- -	116	- -	200	- -	300	- -	62	85	205
LT Debt	- -	1,278	1,303	1,180	2,139	2,174	1,469	2,053	2,351	2,445	2,565	2,529	2,338
Total Debt/EBITDA	- -	5.07	5.22	4.64	9.39	8.06	6.91	10.43	11.06	10.21	9.97	11.78	13
Net Debt/EBITDA	- -	5.03	4.92	4.47	7.79	6.95	6.2	8.97	9.23	9.17	9.1	10.93	12.41
Total Debt/EBIT	- -	9.22	12.7	9.89	29.84	40.25	36.61	-71.38	-3,760.54	112.78	54.78	380.95	-1,408.27
Net Debt/EBIT	- -	9.13	11.97	9.52	24.76	34.7	32.82	-61.42	-3,137.6	101.29	50	353.23	-1,344.02
EBITDA to Interest Expense	4.03	4.5	4.91	5.06	4.25	3.81	4.88	3.31	3.75	3.05	2.89	1.9	1.53
EBITDA-CapEx/Interest Expense	3.51	1.97	0.3	0.33	0.52	-1.64	-4.04	-1.86	1.04	-1.11	-0.77	0.03	0.58
EBIT to Interest Expense	2.32	2.48	2.02	2.37	1.34	0.76	0.92	-0.48	-0.01	0.28	0.53	0.06	-0.01
Interest Expense	64	56	51	50	56	71	49	59	64	78	91	117	127
Common Equity/Total Assets	- -	- -	- -	- -	-1.56	-2.91	-3.84	-6.77	-9.52	-10.63	-14.06	-19.85	-26.88
Long-Term Debt/Equity (%)	- -	62.57	63.27	55.6	59.68	61.33	36.73	54.93	67.93	76.52	95.25	113.29	140.11
Long-Term Debt/Capital (%)	- -	99.96	99.96	99.98	77.12	85.01	71.59	94.51	90.84	104.89	110.53	123.89	124.71
Long-Term Debt/Total Assets (%)	- -	37.46	36.44	32.23	35.23	36.26	24.54	33.77	36.82	41.42	46.47	50.38	53.29
Total Debt/Equity (%)	- -	62.57	63.27	55.6	62.91	61.33	41.73	54.93	76.6	76.52	97.55	117.1	152.39
Total Debt/Capital (%)	- -	99.96	99.96	99.98	81.3	85.01	81.33	94.51	102.43	104.89	113.2	128.06	135.64
Total Debt/Total Assets (%)	- -	37.46	36.44	32.23	37.13	36.26	27.88	33.77	41.51	41.42	47.6	52.08	57.96
Net Debt to Equity	- -	61.98	59.63	53.54	52.21	52.88	37.42	47.26	63.91	68.73	89.04	108.58	145.44
Net Debt/Capital (%)	- -	99.96	99.96	98.68	76.17	81.62	77.71	90.73	95.18	105.07	111.22	127.87	134.87
EBITDA	260	252	250	254	240	270	241	197	240	240	264	222	196
EBITDA-CapEx	227	110	15	17	30	-116	-200	-111	67	-87	-70	4	73
Operating Income (Loss)	150	139	103	119	76	54	46	-29	-1	22	48	7	-2

Liquidity (USD)

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	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	- -	0.3	0.55	0.09	1.25	1.93	0.35	1.64	0.6	1.44	0.88	0.71	0.25
Current Ratio	- -	6.07	2.27	0.86	2.15	4.45	1.06	3.88	1.27	3.09	2.3	1.89	1.05
Quick Ratio	- -	5.96	2.23	0.85	2	3.35	0.98	3.3	1.14	2.79	2.03	1.66	0.92
CFO/Avg Current Liab	- -	9.32	2.01	0.69	0.26	0.97	0.71	0.68	0.76	0.59	1.03	0.66	0.29
Common Equity/Total Assets	- -	- -	- -	- -	-1.56	-2.91	-3.84	-6.77	-9.52	-10.63	-14.06	-19.85	-26.88
Long-Term Debt/Equity (%)	- -	62.57	63.27	55.6	59.68	61.33	36.73	54.93	67.93	76.52	95.25	113.29	140.11
Long-Term Debt/Capital (%)	- -	99.96	99.96	99.98	77.12	85.01	71.59	94.51	90.84	104.89	110.53	123.89	124.71
Long-Term Debt/Total Assets (%)	- -	37.46	36.44	32.23	35.23	36.26	24.54	33.77	36.82	41.42	46.47	50.38	53.29
Total Debt/Equity (%)	- -	62.57	63.27	55.6	62.91	61.33	41.73	54.93	76.6	76.52	97.55	117.1	152.39
Total Debt/Capital (%)	- -	99.96	99.96	99.98	81.3	85.01	81.33	94.51	102.43	104.89	113.2	128.06	135.64
Total Debt/Total Assets (%)	- -	37.46	36.44	32.23	37.13	36.26	27.88	33.77	41.51	41.42	47.6	52.08	57.96
CFO/Total Liabilities	- -	13.69	11.75	10.37	2.98	7.68	8.76	7.22	7.44	6.57	6.49	4.64	2.69
CFO/CapEx	5.41	1.32	0.76	0.67	0.35	0.49	0.39	0.55	1.26	0.54	0.55	0.59	0.6
Altman's Z-Score	- -	0.35	0.29	0.22	1.05	1.21	1.66	1.14	0.76	0.54	0.37	0.17	-0.01

Working Capital (USD)

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	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	- -	28.07	13.77	4.79	3.09	3.45	3.16	2.69	2.75	2.65	2.79	2.73	2.54
Days Sales Outstanding	- -	13	26.5	76.27	118.06	105.73	115.33	135.46	132.8	137.85	130.59	133.7	143.67
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	8.5	3.79	3.73	2.64	2.29	2.23	2.54	3.14	2.51	2.21	2.42	2.7
Accounts Payable Turnover Days	- -	42.93	96.38	97.88	138.14	159.23	163.8	143.62	116.2	145.31	165.09	150.8	135.03
Cash Conversion Cycle	- -	-29.92	-69.88	-21.61	-20.07	-53.5	-48.47	-8.16	16.6	-7.46	-34.49	-17.1	8.64
Inventory to Cash Days	- -	13	26.5	76.27	118.06	105.73	115.33	135.46	132.8	137.85	130.59	133.7	143.67
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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	- -	- -	- -	- -	3,659	4,149	5,213	4,173	3,756	2,259	1,788	1,358	1,146
- Cash & Cash Equivalents	- -	12	75	29	317	261	126	226	264	241	165	146	75
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1	1	- -	613	558	613	531	545	514	470	424	511
+ Total Debt	- -	1,278	1,303	1,180	2,255	2,174	1,669	2,053	2,651	2,445	2,627	2,614	2,543
Enterprise Value	- -	1,266	1,229	1,151	6,210	6,621	7,369	6,531	6,688	4,976	4,719	4,250	4,125
Total Capital	- -	1,278	1,303	1,180	2,773	2,558	2,052	2,172	2,588	2,331	2,320	2,042	1,875
Total Debt/Capital (%)	- -	99.96	99.96	99.98	81.3	85.01	81.33	94.51	102.43	104.89	113.2	128.06	135.64
Total Debt / EV	- -	1.01	1.06	1.02	0.36	0.33	0.23	0.31	0.4	0.49	0.56	0.62	0.62
EV/Sales	- -	2.68	2.61	2.41	11.44	10.28	11.38	10.84	10.54	8.21	7.81	7.77	8.27
EV/EBITDA	- -	5.03	4.92	4.53	25.86	24.55	30.53	33.18	27.9	20.78	17.9	19.16	21.08
EV/EBIT	- -	9.14	11.97	9.65	82.19	122.54	161.61	- -	- -	229.52	98.42	619.25	- -
EV/Cash Flow to Firm	- -	5.21	5.37	5.51	49.94	25.45	32.85	29.04	23.53	19.48	17.22	17.24	20.84
EV/Free Cash Flow to Firm	- -	3.29	2.65	2.58	18.54	10.25	11.08	12.27	14.62	8.55	7.76	9.15	12.88
Diluted Market Cap	- -	- -	- -	- -	3,659	4,149	5,213	4,173	3,756	2,259	1,788	1,358	1,146
Diluted Enterprise Value	- -	1,266	1,229	1,151	6,210	6,621	7,369	6,531	6,688	4,976	4,719	4,250	4,125
EV per Share	- -	10.69	10.37	9.71	58.95	55.55	56.39	48.94	51.12	41.82	44.9	48.11	61.24
TTM Sales	476	473	471	479	543	644	648	603	634	606	604	547	499
TTM EBITDA	260	252	250	254	240	270	241	197	240	240	264	222	196
TTM Operating Income	150	139	103	119	76	54	46	-29	-1	22	48	7	-2
TTM Cash Flow to Firm	253	243	229	209	124	260	224	225	284	255	274	246	198
TTM Free Cash Flow to Firm	286	385	463	447	335	646	665	532	457	582	608	465	320

Multiples (USD)

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	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	- -	- -	- -	- -	12.85	7.23	8.48	8.76	9.61	4.47	3.46	3.91	5.86
EV/EBIT	- -	9.14	11.97	9.65	82.19	122.54	161.61	- -	- -	229.52	98.42	619.25	- -
Enterprise Value	- -	1,266	1,229	1,151	6,210	6,621	7,369	6,531	6,688	4,976	4,719	4,250	4,125
Low Price	- -	- -	- -	- -	30.01	30.86	33.83	21.88	27.12	17.39	12.63	13.65	13.28
EV/Sales	- -	2.68	2.61	2.41	11.44	10.28	11.38	10.84	10.54	8.21	7.81	7.77	8.27
EV/EBITDA	- -	5.03	4.92	4.53	25.86	24.55	30.53	33.18	27.9	20.78	17.9	19.16	21.08
Price/Earnings	- -	- -	- -	- -	- -	103.91	79.5	- -	- -	26.46	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	-49.2	107.35	79.2	-67.08	-51.33	33.51	-20.48	-10.03	-8.62
Price/Earnings High	- -	- -	- -	- -	-55.43	121.55	86.12	-90.73	-57.75	43.34	-27.48	-11.61	-11.77
Price/Earnings Low	- -	- -	- -	- -	-44.07	92.12	67.43	-46.87	-44.77	24.24	-16.6	-8.4	-6.43
Price/Book Value	- -	- -	- -	- -	-38.67	-23.73	-22.68	-10.14	-6.18	-3.6	-2.3	-1.36	-0.97
Price/Book Value Average	- -	- -	- -	- -	-37.3	-24.52	-22.6	-10.15	-6.69	-4.56	-2.11	-1.44	-1.02
Price/Book Value High	- -	- -	- -	- -	-42.03	-27.76	-24.57	-13.73	-7.53	-5.9	-2.83	-1.67	-1.39
Price/Book Value Low	- -	- -	- -	- -	-33.41	-21.04	-19.24	-7.09	-5.84	-3.3	-1.71	-1.21	-0.76
Price/Tangible Book Value	- -	- -	- -	- -	1.06	1.2	1.33	1.13	1.15	0.72	0.68	0.62	0.7
Price/Tangible Book Value Average	- -	- -	- -	- -	1.02	1.24	1.32	1.14	1.25	0.91	0.62	0.66	0.73
Price/Tangible Book Value High	- -	- -	- -	- -	1.15	1.4	1.44	1.54	1.4	1.18	0.83	0.76	1
Price/Tangible Book Value Low	- -	- -	- -	- -	0.91	1.06	1.13	0.79	1.09	0.66	0.5	0.55	0.55
Price/Sales	- -	- -	- -	- -	6.74	6.44	8.05	6.92	5.92	3.73	2.96	2.48	2.3
Price/Sales Average	- -	- -	- -	- -	6.5	6.65	8.02	6.93	6.41	4.72	2.71	2.63	2.4
Price/Sales High	- -	- -	- -	- -	7.32	7.53	8.72	9.38	7.21	6.11	3.64	3.04	3.28
Price/Sales Low	- -	- -	- -	- -	5.82	5.71	6.83	4.84	5.59	3.42	2.2	2.2	1.79
Price/Cash Flow	- -	- -	- -	- -	49.33	22.04	29.96	24.69	17.26	12.69	9.75	10.49	15.64
Price/Cash Flow Average	- -	- -	- -	- -	47.58	22.77	29.85	24.73	18.69	16.07	8.93	11.12	16.36
Price/Cash Flow High	- -	- -	- -	- -	53.61	25.79	32.46	33.45	21.03	20.78	11.98	12.87	22.34
Price/Cash Flow Low	- -	- -	- -	- -	42.62	19.54	25.41	17.28	16.31	11.62	7.24	9.32	12.21
Price/Free Cash Flow Average	- -	- -	- -	- -	12.4	7.46	8.44	8.77	10.41	5.67	3.17	4.14	6.13
Price/Free Cash Flow High	- -	- -	- -	- -	13.97	8.45	9.18	11.86	11.71	7.33	4.25	4.8	8.37
Price/Free Cash Flow Low	- -	- -	- -	- -	11.1	6.41	7.19	6.13	9.08	4.1	2.57	3.47	4.58
EV/Sales Average	- -	2.68	2.61	2.41	11.2	10.49	11.34	10.85	11.04	9.21	7.56	7.91	8.38
EV/Sales High	- -	2.68	2.61	2.41	12.02	11.37	12.05	13.29	11.84	10.59	8.49	8.33	9.26
EV/Sales Low	- -	2.68	2.61	2.41	10.52	9.55	10.15	8.76	10.22	7.9	7.05	7.49	7.77
EV/EBITDA Average	- -	5.03	4.92	4.53	25.32	25.06	30.44	33.21	29.2	23.29	17.34	19.52	21.35
EV/EBITDA High	- -	5.03	4.92	4.53	27.19	27.16	32.32	40.7	31.32	26.79	19.46	20.55	23.59
EV/EBITDA Low	- -	5.03	4.92	4.53	23.79	22.8	27.25	26.81	27.03	19.99	16.16	18.47	19.8
EV/EBIT Average	- -	9.14	11.97	9.65	80.48	125.08	161.17	-227.34	-9,929.69	257.27	95.29	631.15	-2,313.43
EV/EBIT High	- -	9.14	11.97	9.65	86.4	135.58	171.13	-278.58	-10,650.79	295.98	106.97	664.17	-2,556.08
EV/EBIT Low	- -	9.14	11.97	9.65	75.61	113.83	144.24	-183.54	-9,192.07	220.79	88.82	597.11	-2,145.05
Last Price	- -	- -	- -	- -	34.73	34.81	39.89	31.27	28.71	18.98	17.01	15.37	17.01
High Price	- -	- -	- -	- -	37.75	40.72	43.21	42.36	34.98	31.09	20.91	18.86	24.3
Enterprise Value Average	- -	1,266	1,229	1,151	6,081	6,758	7,349	6,537	7,000	5,578	4,569	4,332	4,178
Enterprise Value High	- -	1,266	1,229	1,151	6,529	7,325	7,803	8,011	7,509	6,418	5,129	4,558	4,616
Enterprise Value Low	- -	1,266	1,229	1,151	5,713	6,150	6,577	5,278	6,480	4,787	4,259	4,098	3,874

	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	- -	118	118	118	118	121	134	132	127	114	94	84	60
Diluted Weighted Avg Shares	118	118	118	118	105	119	131	133	131	119	105	88	67
Basic Weighted Avg Shares	118	118	118	118	105	119	131	133	131	119	105	88	67
Revenue per Share	4.02	3.99	3.97	4.04	5.15	5.41	4.96	4.52	4.85	5.09	5.75	6.2	7.4
EBITDA per Share	2.19	2.13	2.11	2.15	2.28	2.26	1.85	1.47	1.83	2.01	2.51	2.51	2.9
Operating Income per Share	1.26	1.17	0.87	1.01	0.72	0.45	0.35	-0.22	-0.01	0.18	0.46	0.08	-0.03
Basic EPS, GAAP	0.75	0.69	0.42	0.52	-0.68	0.34	0.5	-0.47	-0.61	0.72	-0.76	-1.62	-2.06
Basic EPS from Cont Ops	0.75	0.69	0.42	0.52	-0.75	0.39	0.57	-0.5	-0.69	0.83	-0.87	-2.01	-2.49
Diluted EPS, GAAP	0.75	0.69	0.42	0.52	-0.68	0.34	0.5	-0.47	-0.61	0.72	-0.76	-1.62	-2.06
Diluted EPS from Cont Ops	0.75	0.69	0.42	0.52	-0.75	0.39	0.57	-0.5	-0.69	0.83	-0.87	-2.01	-2.49
Dividend per Share	- -	- -	- -	- -	0.25	0.9	0.99	0.9	0.9	0.9	0.89	0.7	0.72
Cash Flow per Share	1.5	1.58	1.5	1.35	0.7	1.58	1.33	1.27	1.66	1.5	1.74	1.46	1.09
Free Cash Flow per Basic Share	1.22	0.39	-0.47	-0.66	-1.29	-1.66	-2.04	-1.04	0.34	-1.25	-1.43	-1	-0.73
Cash & Equivalents per Share	- -	0.1	0.63	0.24	3.01	2.19	0.97	1.69	2.02	2.03	1.57	1.65	1.12
Book Value per Share	- -	- -	- -	- -	-0.9	-1.47	-1.76	-3.08	-4.65	-5.27	-7.38	-11.28	-17.51
Tangible Book Value per Share	- -	17.19	17.35	17.88	32.82	29	30.05	27.56	24.91	26.28	25.08	24.74	24.33

JBG SMITH Properties

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)