Montauk Renewables, Inc. Financial Ratios — MKR Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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 (%)	- -	3.85	2.93	-2.65	17.19	6.26	3.83	0.67
Return on Assets (%)	- -	2.3	1.85	-1.68	11.37	4.38	2.78	0.45
Return on Capital (%)	- -	- -	- -	- -	12.97	6.32	4.37	- -
Return on Invested Capital (%)	- -	- -	- -	- -	12.83	6.18	4.03	- -
Gross Margin (%)	56.48	44.5	38.49	47.23	50.66	45.9	44.14	37.3
EBITDA Margin (%)	45.2	29.1	25.6	17.69	31.75	25.61	22.56	17.48
Operating Margin (%)	32.02	12.91	-0.07	3.07	23.98	14.13	10.11	2.31
Incremental Operating Margin (%)	- -	247.55	257.46	9.68	77.91	80.15	- -	- -
Pretax Margin (%)	31.77	5.17	-1.39	-0.25	21.04	10.5	6.93	-1.41
Profit Margin (%)	25	5.51	4.59	-3.06	17.12	8.55	5.54	0.99
Net Income to Common Margin (%)	25	5.51	4.59	-3.06	17.12	8.55	5.54	0.99
Effective Tax Rate (%)	21.32	- -	- -	- -	18.61	18.61	20.06	- -
Dvd Payout Ratio (%)	40.87	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	3.85	2.93	-2.65	17.19	6.26	3.83	0.67

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	93	67	66	80	76	68	63	138
ST Debt	18	10	10	8	8	8	14	6
LT Debt	75	58	57	71	68	60	49	132
Total Debt/EBITDA	1.79	2.19	2.58	3.04	1.17	1.52	1.59	4.48
Net Debt/EBITDA	0.75	1.85	1.74	0.99	-0.52	-0.23	0.25	3.41
Total Debt/EBIT	2.6	6.12	18.53	23.85	1.71	2.88	3.9	161.9
Net Debt/EBIT	1.09	5.16	12.5	7.78	-0.76	-0.44	0.62	123.22
EBITDA to Interest Expense	16.87	5.52	5.92	8.95	36.42	7.79	7.51	6.4
EBITDA-CapEx/Interest Expense	16.87	5.52	5.92	8.95	36.42	7.79	7.51	6.4
EBIT to Interest Expense	11.95	2.45	-0.02	1.55	27.51	4.3	3.37	0.85
Interest Expense	3	6	4	3	2	6	5	5
Common Equity/Total Assets	56.52	63.32	63	63.63	68.34	71.45	73.76	60.43
Long-Term Debt/Equity (%)	50.46	37.45	35.45	39.18	29.89	23.88	19.01	50.12
Long-Term Debt/Capital (%)	30.99	26.07	25.04	27.28	22.38	18.77	15.28	32.88
Long-Term Debt/Total Assets (%)	28.52	23.71	22.34	24.93	20.42	17.06	14.02	30.29
Total Debt/Equity (%)	62.84	43.66	41.57	43.63	33.56	27.21	24.44	52.42
Total Debt/Capital (%)	38.59	30.39	29.37	30.38	25.13	21.39	19.64	34.39
Total Debt/Total Assets (%)	35.52	27.64	26.19	27.76	22.94	19.44	18.03	31.68
Net Debt to Equity	26.31	36.81	28.05	14.23	-14.88	-4.12	3.88	39.89
Net Debt/Capital (%)	20.83	26.81	21.84	12.44	-17.06	-4.22	3.64	27.82
EBITDA	52	31	26	26	65	45	40	31
EBITDA-CapEx	52	31	26	26	65	45	40	31
Operating Income (Loss)	37	14	- -	5	49	25	18	4

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	1.7	0.43	0.74	2.17	3.7	2.51	1.36	0.71
Current Ratio	2.1	0.99	1.14	3.06	4.4	3.07	1.71	1.11
Quick Ratio	2.05	0.87	0.93	2.91	4.27	2.95	1.61	1.01
CFO/Avg Current Liab	- -	1.02	1.12	1.62	3.06	1.42	1.39	0.91
Common Equity/Total Assets	56.52	63.32	63	63.63	68.34	71.45	73.76	60.43
Long-Term Debt/Equity (%)	50.46	37.45	35.45	39.18	29.89	23.88	19.01	50.12
Long-Term Debt/Capital (%)	30.99	26.07	25.04	27.28	22.38	18.77	15.28	32.88
Long-Term Debt/Total Assets (%)	28.52	23.71	22.34	24.93	20.42	17.06	14.02	30.29
Total Debt/Equity (%)	62.84	43.66	41.57	43.63	33.56	27.21	24.44	52.42
Total Debt/Capital (%)	38.59	30.39	29.37	30.38	25.13	21.39	19.64	34.39
Total Debt/Total Assets (%)	35.52	27.64	26.19	27.76	22.94	19.44	18.03	31.68
CFO/Total Liabilities	43.63	31.14	30.6	41.16	77.04	41.05	47.81	17.6
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	9.57	10.77	9.2	5.14	1.53

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	10.12	13.28	20.37	25.02	17.75	17.21	24.42
Days Sales Outstanding	- -	36.05	27.49	17.92	14.59	20.56	21.21	14.95
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)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	- -	1,522	1,596	1,336	628	251
- Cash & Cash Equivalents	54	10	21	53	105	74	46	24
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	93	67	66	80	76	68	63	138
Enterprise Value	- -	- -	- -	1,549	1,567	1,330	646	365
Total Capital	241	222	226	262	303	318	320	401
Total Debt/Capital (%)	38.59	30.39	29.37	30.38	25.13	21.39	19.64	34.39
Total Debt / EV	- -	- -	- -	0.05	0.05	0.05	0.1	0.38
EV/Sales	- -	- -	- -	10.45	7.62	7.6	3.67	2.07
EV/EBITDA	- -	- -	- -	59.09	24.01	29.69	16.29	11.84
EV/EBIT	- -	- -	- -	464.32	35.17	56.26	40.04	428.49
EV/Cash Flow to Firm	- -	- -	- -	- -	18.99	29.08	13.44	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	18.99	29.08	13.44	- -
Diluted Market Cap	- -	- -	- -	1,522	1,607	1,337	627	251
Diluted Enterprise Value	- -	- -	- -	1,549	1,578	1,332	644	365
EV per Share	- -	- -	- -	10.98	11.07	9.37	4.52	2.55
TTM Sales	115	106	100	148	206	175	176	176
TTM EBITDA	52	31	26	26	65	45	40	31
TTM Operating Income	37	14	- -	5	49	25	18	4
TTM Cash Flow to Firm	52	- -	- -	- -	83	46	48	- -
TTM Free Cash Flow to Firm	52	- -	- -	- -	83	46	48	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	- -	35.5	19.82	32.57	14.31	8.26
EV/EBIT	- -	- -	- -	464.32	35.17	56.26	40.04	428.49
Enterprise Value	- -	- -	- -	1,549	1,567	1,330	646	365
Low Price	- -	- -	- -	5.99	9.05	5.48	3.19	1.34
EV/Sales	- -	- -	- -	10.45	7.62	7.6	3.67	2.07
EV/EBITDA	- -	- -	- -	59.09	24.01	29.69	16.29	11.84
Price/Earnings	- -	- -	- -	- -	45.23	89.2	64.34	143.3
Price/Earnings Average	- -	- -	- -	- -	50.43	84.38	77.31	208.52
Price/Earnings High	- -	- -	- -	- -	82.72	115.68	133.56	396.42
Price/Earnings Low	- -	- -	- -	- -	36.3	51.93	46.56	109.84
Price/Book Value	- -	- -	- -	8.35	7.03	5.34	2.44	0.95
Price/Book Value Average	- -	- -	- -	7.74	7.84	5.05	2.93	1.39
Price/Book Value High	- -	- -	- -	11.68	12.86	6.92	5.07	2.64
Price/Book Value Low	- -	- -	- -	4.63	5.64	3.11	1.77	0.73
Price/Tangible Book Value	- -	- -	- -	9.05	7.55	5.76	2.63	1.03
Price/Tangible Book Value Average	- -	- -	- -	8.39	8.42	5.45	3.15	1.5
Price/Tangible Book Value High	- -	- -	- -	12.67	13.81	7.47	5.45	2.85
Price/Tangible Book Value Low	- -	- -	- -	5.02	6.06	3.35	1.9	0.79
Price/Sales	- -	- -	- -	10.28	7.74	7.62	3.56	1.42
Price/Sales Average	- -	- -	- -	9.52	8.63	7.21	4.28	2.07
Price/Sales High	- -	- -	- -	14.38	14.16	9.89	7.4	3.93
Price/Sales Low	- -	- -	- -	5.7	6.22	4.44	2.58	1.09
Price/Cash Flow	- -	- -	- -	35.5	19.64	32.48	14.3	8.26
Price/Cash Flow Average	- -	- -	- -	32.9	21.89	30.72	17.18	12.02
Price/Cash Flow High	- -	- -	- -	49.68	35.91	42.12	29.68	22.84
Price/Cash Flow Low	- -	- -	- -	19.7	15.76	18.91	10.35	6.33
Price/Free Cash Flow Average	- -	- -	- -	32.9	22.1	30.82	17.2	12.02
Price/Free Cash Flow High	- -	- -	- -	49.68	36.25	42.25	29.71	22.85
Price/Free Cash Flow Low	- -	- -	- -	19.7	15.91	18.96	10.36	6.33
EV/Sales Average	- -	- -	- -	9.7	8.52	7.19	4.39	2.72
EV/Sales High	- -	- -	- -	14.56	14.06	9.87	7.52	4.58
EV/Sales Low	- -	- -	- -	5.88	6.09	4.41	2.69	1.74
EV/EBITDA Average	- -	- -	- -	54.83	26.82	28.08	19.48	15.55
EV/EBITDA High	- -	- -	- -	82.29	44.29	38.54	33.33	26.22
EV/EBITDA Low	- -	- -	- -	33.24	19.19	17.23	11.91	9.94
EV/EBIT Average	- -	- -	- -	430.83	39.28	53.21	47.89	562.5
EV/EBIT High	- -	- -	- -	646.58	64.86	73.03	81.95	948.62
EV/EBIT Low	- -	- -	- -	261.19	28.1	32.65	29.27	359.73
Last Price	- -	- -	- -	10.8	11.27	9.41	4.4	1.75
High Price	- -	- -	- -	15.11	20.61	12.2	9.14	4.85
Enterprise Value Average	- -	- -	- -	1,437	1,751	1,258	772	479
Enterprise Value High	- -	- -	- -	2,156	2,890	1,727	1,321	808
Enterprise Value Low	- -	- -	- -	871	1,252	772	472	306

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	141	141	141	141	142	142	143	143
Diluted Weighted Avg Shares	141	141	141	141	143	142	142	143
Basic Weighted Avg Shares	141	141	141	141	141	142	142	143
Revenue per Share	0.82	0.75	0.71	1.05	1.46	1.23	1.24	1.23
EBITDA per Share	0.37	0.22	0.18	0.19	0.46	0.32	0.28	0.22
Operating Income per Share	0.26	0.1	- -	0.03	0.35	0.17	0.12	0.03
Basic EPS, GAAP	0.2	0.04	0.03	-0.03	0.25	0.11	0.07	0.01
Basic EPS from Cont Ops	0.2	0.04	0.03	-0.03	0.25	0.11	0.07	0.01
Diluted EPS, GAAP	0.2	0.04	0.03	-0.03	0.25	0.11	0.07	0.01
Diluted EPS from Cont Ops	0.2	0.04	0.03	-0.03	0.25	0.11	0.07	0.01
Dividend per Share	0.08	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.35	0.2	0.2	0.3	0.57	0.29	0.31	0.21
Free Cash Flow per Basic Share	0.35	0.2	0.2	0.3	0.57	0.29	0.31	0.21
Cash & Equivalents per Share	0.38	0.07	0.15	0.38	0.74	0.52	0.32	0.17
Book Value per Share	1.05	1.1	1.13	1.29	1.6	1.76	1.8	1.84
Tangible Book Value per Share	0.96	1.01	1.03	1.19	1.49	1.63	1.68	1.7