Keel Infrastructure Corp. Financial Ratios — KEEL Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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 (%)	- -	-116.48	16.25	-94.49	12.9	-64.94	-18.03	-1.98	-43.35
Return on Assets (%)	- -	-30.81	7.33	-31.16	7.45	-39.66	-11.06	-1.41	-21.28
Return on Capital (%)	- -	- -	- -	- -	10.48	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	13.09	- -	- -	- -	- -
Gross Margin (%)	- -	32.18	35.28	8.28	65.56	7.38	-19.72	-11.94	-8.25
EBITDA Margin (%)	- -	43.22	25.59	17.6	51.62	17.33	22.19	43.21	11.07
Operating Margin (%)	- -	6.1	4.49	-15.49	37.18	-33.52	-47.85	-58.4	-42.41
Incremental Operating Margin (%)	- -	6.1	43.86	- -	50.74	- -	- -	- -	- -
Pretax Margin (%)	- -	-53.77	-1.49	-46.44	25.16	-135.55	-33.29	-5.26	-90.9
Profit Margin (%)	- -	-27.7	8.94	-46.94	13.06	-123.32	-33.17	-5.52	-90.94
Net Income to Common Margin (%)	- -	-27.7	8.94	-46.94	13.06	-123.32	-33.17	-5.52	-90.94
Effective Tax Rate (%)	- -	- -	- -	- -	48.1	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-116.48	16.25	-94.49	12.9	-64.94	-18.03	-1.98	-43.35

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	2	22	28	85	65	20	23	684
ST Debt	- -	1	2	21	75	47	7	2	99
LT Debt	- -	1	21	8	10	18	13	21	585
Total Debt/EBITDA	- -	0.12	2.67	4.64	0.97	2.63	0.74	0.41	26.93
Net Debt/EBITDA	- -	0.08	1.63	1.87	-0.62	0.66	-3	-1.01	3.78
Total Debt/EBIT	- -	0.83	15.25	-5.28	1.34	-1.36	-0.34	-0.3	-7.03
Net Debt/EBIT	- -	0.57	9.32	-2.12	-0.86	-0.34	1.39	0.74	-0.99
EBITDA to Interest Expense	- -	231.9	2.54	1	25.58	1.74	9.32	77.3	2.16
EBITDA-CapEx/Interest Expense	- -	-129.86	-4.74	0.27	-30.92	-11.97	-15.56	-378.88	-8.08
EBIT to Interest Expense	- -	32.73	0.45	-0.88	18.43	-3.36	-20.11	-104.48	-8.26
Interest Expense	- -	- -	3	6	3	14	3	1	12
Common Equity/Total Assets	14.53	42.15	46.58	19.07	61.4	60.55	62.1	76.88	34.87
Long-Term Debt/Equity (%)	- -	3.36	73.22	49.01	2.82	7.17	4.41	3.47	104.4
Long-Term Debt/Capital (%)	- -	3.85	43.94	19.81	2.43	6.71	5.09	3.97	51.51
Long-Term Debt/Total Assets (%)	- -	2.64	38.91	14.64	1.87	5.34	3.43	3.19	45.13
Total Debt/Equity (%)	- -	8.32	78.99	183.65	23.6	25.45	6.74	3.83	122.02
Total Debt/Capital (%)	- -	9.55	47.4	74.21	20.28	23.83	7.79	4.39	60.2
Total Debt/Total Assets (%)	- -	6.55	41.97	54.87	15.62	18.95	5.25	3.53	52.75
Net Debt to Equity	-16.19	5.65	48.29	73.79	-15.16	6.4	-27.15	-9.48	17.13
Net Debt/Capital (%)	-900	6.69	30.38	35.31	-18.62	6.75	-46.78	-12.24	17.07
EBITDA	- -	15	8	6	87	25	27	58	25
EBITDA-CapEx	- -	-8	-15	2	-106	-170	-45	-282	-95
Operating Income (Loss)	- -	2	1	-5	63	-48	-58	-78	-97

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	0.79	0.12	0.54	0.21	1.16	0.53	1.68	5.22	3.87
Current Ratio	1.48	0.71	1.63	0.32	1.74	1.02	1.88	7.59	5.58
Quick Ratio	0.88	0.39	1.46	0.26	1.17	0.77	1.71	5.41	4.05
CFO/Avg Current Liab	- -	2.65	1.39	0.44	-0.45	-1.05	-1.57	-2.91	-2.57
Common Equity/Total Assets	14.53	42.15	46.58	19.07	61.4	60.55	62.1	76.88	34.87
Long-Term Debt/Equity (%)	- -	3.36	73.22	49.01	2.82	7.17	4.41	3.47	104.4
Long-Term Debt/Capital (%)	- -	3.85	43.94	19.81	2.43	6.71	5.09	3.97	51.51
Long-Term Debt/Total Assets (%)	- -	2.64	38.91	14.64	1.87	5.34	3.43	3.19	45.13
Total Debt/Equity (%)	- -	8.32	78.99	183.65	23.6	25.45	6.74	3.83	122.02
Total Debt/Capital (%)	- -	9.55	47.4	74.21	20.28	23.83	7.79	4.39	60.2
Total Debt/Total Assets (%)	- -	6.55	41.97	54.87	15.62	18.95	5.25	3.53	52.75
CFO/Total Liabilities	- -	246.57	24.31	19.92	-23.6	-139.59	-127.3	-272.59	-30.79
CFO/CapEx	- -	0.6	0.25	1.61	-0.22	-0.63	-1.5	-0.42	-1.88
Altman's Z-Score	0.34	1.06	1.24	1.94	3.55	-0.22	4.34	6.58	0.95

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	74.13	26.34	26.16	158.33	163.8	170.18	135.1	68.14
Days Sales Outstanding	- -	4.92	13.86	13.95	2.31	2.23	2.14	2.7	5.36
Inventory Turnover	- -	82.62	162.02	209.41	162.82	232.24	222.96	161.98	50.58
Days Inventory Outstanding	- -	4.42	2.25	1.74	2.24	1.57	1.64	2.25	7.22
Accounts Payable Turnover	- -	6.33	8.43	14.66	7.1	9.64	13.13	17.29	20.87
Accounts Payable Turnover Days	- -	57.68	43.31	24.89	51.38	37.87	27.8	21.11	17.49
Cash Conversion Cycle	- -	-48.33	-27.2	-9.2	-46.83	-34.07	-24.02	-16.16	-4.91
Inventory to Cash Days	- -	0.51	11.61	12.21	0.06	0.66	0.51	0.45	-1.86
Inventories	- -	- -	- -	- -	1	1	1	1	9
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	6
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	1	1	1	1	3

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	26	161	798	91	763	618	1,296
- Cash & Cash Equivalents	5	1	2	6	126	31	84	60	573
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	5	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	2	22	28	85	65	20	23	684
Enterprise Value	-5	6	46	184	691	121	667	494	1,407
Total Capital	5	18	47	38	418	273	255	533	1,136
Total Debt/Capital (%)	- -	9.55	47.4	74.21	20.28	23.83	7.79	4.39	60.2
Total Debt / EV	- -	0.27	0.49	0.15	0.12	0.54	0.03	0.05	0.49
EV/Sales	- -	0.19	1.41	5.3	4.08	0.85	5.54	3.71	6.14
EV/EBITDA	- -	0.44	5.5	30.08	7.9	4.9	24.97	8.59	55.41
EV/EBIT	- -	3.09	31.37	- -	10.97	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	0.46	- -	13.72	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	0.17	2.93	10.28	4.56	1.42	- -	2.49	- -
Diluted Market Cap	- -	- -	27	161	860	91	763	618	1,296
Diluted Enterprise Value	-5	6	47	184	819	126	699	582	1,407
EV per Share	- -	0.11	0.68	2.16	4.37	0.58	2.54	1.19	2.55
TTM Sales	- -	34	32	35	169	142	120	133	229
TTM EBITDA	- -	15	8	6	87	25	27	58	25
TTM Operating Income	- -	2	1	-5	63	-48	-58	-78	-97
TTM Cash Flow to Firm	- -	14	-8	13	-42	-109	-104	-141	-215
TTM Free Cash Flow to Firm	- -	37	16	18	152	85	-33	199	-94

Multiples (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	- -	- -	0.91	13.78	5.73	1.26	-21.45	3.12	-12.22
EV/EBIT	- -	3.09	31.37	- -	10.97	- -	- -	- -	- -
Enterprise Value	-5	6	46	184	691	121	667	494	1,407
Low Price	- -	- -	0.38	0.21	1.78	0.38	0.42	1.48	0.67
EV/Sales	- -	0.19	1.41	5.3	4.08	0.85	5.54	3.71	6.14
EV/EBITDA	- -	0.44	5.5	30.08	7.9	4.9	24.97	8.59	55.41
Price/Earnings	- -	- -	8.83	- -	36.07	- -	- -	- -	- -
Price/Earnings Average	- -	- -	14.77	-2.24	35.15	-2.43	-8.49	-127.55	-4.82
Price/Earnings High	- -	- -	29.37	-52.13	66.86	-6.38	-23.38	-220.32	-17.46
Price/Earnings Low	- -	- -	8.83	-1.12	12.71	-0.44	-2.76	-83.4	-1.78
Price/Book Value	- -	- -	1.04	16.36	2.4	0.44	3.24	1.21	2.87
Price/Book Value Average	- -	- -	1.74	3.7	2.33	2.05	1.44	1.84	2.22
Price/Book Value High	- -	- -	3.46	86.13	4.44	5.39	3.97	3.18	8.05
Price/Book Value Low	- -	- -	1.04	1.84	0.84	0.38	0.47	1.2	0.82
Price/Tangible Book Value	- -	- -	0.93	10.71	2.35	0.36	2.62	1.02	2.33
Price/Tangible Book Value Average	- -	- -	1.56	2.42	2.29	1.67	1.16	1.55	1.8
Price/Tangible Book Value High	- -	- -	3.11	56.35	4.35	4.39	3.21	2.67	6.53
Price/Tangible Book Value Low	- -	- -	0.93	1.21	0.83	0.31	0.38	1.01	0.67
Price/Sales	- -	- -	0.79	4.65	4.71	0.64	6.34	4.64	5.65
Price/Sales Average	- -	- -	1.32	1.05	4.59	2.99	2.82	7.04	4.38
Price/Sales High	- -	- -	2.63	24.47	8.73	7.87	7.75	12.17	15.88
Price/Sales Low	- -	- -	0.79	0.52	1.66	0.55	0.91	4.6	1.62
Price/Cash Flow	- -	- -	4.25	22.34	-18.43	-0.75	-7.14	-4.36	-5.72
Price/Cash Flow Average	- -	- -	7.11	5.05	-17.96	-3.48	-3.17	-6.62	-4.43
Price/Cash Flow High	- -	- -	14.14	117.56	-34.15	-9.15	-8.73	-11.44	-16.07
Price/Cash Flow Low	- -	- -	4.25	2.52	-6.5	-0.64	-1.03	-4.33	-1.64
Price/Free Cash Flow Average	- -	- -	1.52	3.12	5.59	5.87	-9.53	4.74	-9.46
Price/Free Cash Flow High	- -	- -	3.03	72.53	10.63	15.44	-26.24	8.18	-34.31
Price/Free Cash Flow Low	- -	- -	0.91	1.55	2.02	1.08	-3.1	3.1	-3.5
EV/Sales Average	- -	0.19	1.94	1.7	4.35	3.23	2.28	6.77	4.86
EV/Sales High	- -	0.19	3.24	25.12	8.49	8.11	7.22	11.89	16.36
EV/Sales Low	- -	0.19	1.41	1.17	1.42	0.79	0.38	4.33	2.1
EV/EBITDA Average	- -	0.44	7.57	9.64	8.42	18.65	10.29	15.67	43.91
EV/EBITDA High	- -	0.44	12.67	142.67	16.44	46.78	32.54	27.53	147.77
EV/EBITDA Low	- -	0.44	5.5	6.64	2.75	4.55	1.72	10.03	18.97
EV/EBIT Average	- -	3.09	43.19	-10.96	11.7	-9.64	-4.77	-11.6	-11.46
EV/EBIT High	- -	3.09	72.28	-162.09	22.83	-24.19	-15.09	-20.37	-38.58
EV/EBIT Low	- -	3.09	31.37	-7.55	3.82	-2.35	-0.8	-7.42	-4.95
Last Price	- -	- -	0.38	1.9	5.05	0.44	2.91	1.49	2.35
High Price	- -	- -	1.27	10	9.36	5.39	3.56	3.91	6.6
Enterprise Value Average	-5	6	63	59	737	460	275	903	1,115
Enterprise Value High	-5	6	105	872	1,439	1,155	869	1,585	3,751
Enterprise Value Low	-5	6	46	41	241	112	46	578	482

Shares Outstanding	15	40	84	89	195	224	334	479	602
Diluted Weighted Avg Shares	- -	57	71	85	170	208	262	415	552
Basic Weighted Avg Shares	- -	57	67	85	158	208	262	415	552
Revenue per Share	- -	0.59	0.48	0.41	1.07	0.69	0.46	0.32	0.42
EBITDA per Share	- -	0.26	0.12	0.07	0.55	0.12	0.1	0.14	0.05
Operating Income per Share	- -	0.04	0.02	-0.06	0.4	-0.23	-0.22	-0.19	-0.18
Basic EPS, GAAP	- -	-0.16	0.04	-0.19	0.14	-0.84	-0.15	-0.02	-0.38
Basic EPS from Cont Ops	- -	-0.32	0.03	-0.19	0.14	-0.84	-0.15	-0.02	-0.38
Diluted EPS, GAAP	- -	-0.16	0.04	-0.19	0.13	-0.84	-0.15	-0.02	-0.38
Diluted EPS from Cont Ops	- -	-0.32	0.03	-0.19	0.13	-0.84	-0.15	-0.02	-0.38
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	0.24	0.09	0.09	-0.27	-0.59	-0.41	-0.34	-0.41
Free Cash Flow per Basic Share	- -	-0.16	-0.26	0.03	-1.5	-1.53	-0.68	-1.16	-0.63
Cash & Equivalents per Share	- -	0.01	0.03	0.07	1.21	0.17	0.44	0.35	1.04
Book Value per Share	- -	0.19	0.37	0.12	2.11	1	0.9	1.23	0.82
Tangible Book Value per Share	- -	0.35	0.41	0.18	2.15	1.23	1.11	1.46	1.01

Keel Infrastructure Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)