Karat Packaging Inc. Financial Ratios — KRT 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 (%)	- -	0.53	191.98	171.47	71.49	49.48	52.44	44.72	49.16
Return on Assets (%)	- -	0.03	1.5	11.14	10.69	10.29	12.29	10.5	10.81
Return on Capital (%)	- -	0.1	6.69	21.47	20.48	21.95	24.48	23.12	28.98
Return on Invested Capital (%)	- -	-0.3	5.03	17.74	12.31	12.55	15.43	13.82	25.81
Gross Margin (%)	29.49	24.77	27.13	30.16	29.6	31.23	37.73	38.88	36.8
EBITDA Margin (%)	6.52	3.47	5.24	12.27	9.11	10.45	14.88	13.92	8.75
Operating Margin (%)	4.29	1.22	2.59	9.37	6.35	7.09	10.99	9.59	8.75
Incremental Operating Margin (%)	- -	-10.96	7.49	30.96	-6.62	11.65	-84.47	-24.07	0.9
Pretax Margin (%)	3.32	0.88	1.31	7.42	7.56	7.69	10.6	9.63	9.2
Profit Margin (%)	3.25	0.01	0.77	5.93	5.7	5.59	8	7.09	6.73
Net Income to Common Margin (%)	3.25	0.01	0.77	5.93	5.7	5.59	8	7.09	6.73
Effective Tax Rate (%)	2.07	108.02	26.52	23.98	18.49	20.53	22.81	24.26	24.08
Dvd Payout Ratio (%)	15.39	-462.83	- -	3.83	- -	24.85	61.7	97.93	- -
Sustainable Growth Rate (%)	- -	2.96	191.98	164.91	71.49	37.18	20.09	0.93	49.16

Credit (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

Total Debt	33	50	75	99	37	59	71	46	32
ST Debt	25	38	7	12	1	5	6	10	- -
LT Debt	8	12	68	87	35	53	65	35	32
Total Debt/EBITDA	3.6	8.14	6.38	2.72	1.1	1.33	1.18	0.78	0.78
Net Debt/EBITDA	3.51	7.96	6.23	2.69	0.9	0.6	0.44	0.29	-0.93
Total Debt/EBIT	5.47	23.26	12.89	3.56	1.58	1.96	1.59	1.13	0.78
Net Debt/EBIT	5.33	22.73	12.59	3.52	1.3	0.88	0.59	0.42	-0.93
EBITDA to Interest Expense	7.14	4.19	2.48	6.6	11.42	21.92	29.54	27.7	19.91
EBITDA-CapEx/Interest Expense	2.83	-17.74	-4.84	-0.04	7.16	14.61	24.97	25.79	17.72
EBIT to Interest Expense	4.7	1.47	1.23	5.04	7.96	14.87	21.83	19.08	19.91
Interest Expense	1	1	5	5	3	2	2	2	2
Common Equity/Total Assets	12.4	0.04	1.32	10.31	19	22.26	24.49	22.53	21.45
Long-Term Debt/Equity (%)	72.59	54.61	282.73	217.89	26.77	35	40	21.85	- -
Long-Term Debt/Capital (%)	19.03	20.79	79.74	69.67	41.53	42.53	44.19	29.88	31.68
Long-Term Debt/Total Assets (%)	12.12	12.45	51	47.97	17.02	21.09	23.55	12.03	11.15
Total Debt/Equity (%)	307.22	226.56	312.7	247.2	27.66	38.6	43.64	28.11	- -
Total Debt/Capital (%)	80.52	86.25	88.19	79.04	42.91	46.9	48.21	38.45	31.68
Total Debt/Total Assets (%)	51.28	51.65	56.4	54.42	17.59	23.26	25.69	15.48	11.15
Net Debt to Equity	299.56	221.42	305.41	244.54	22.75	17.42	16.25	10.4	- -
Net Debt/Capital (%)	80.07	85.73	86.95	78.47	38.2	24.29	21.29	19.4	-59.79
EBITDA	9	6	12	36	33	44	60	59	41
EBITDA-CapEx	4	-26	-23	- -	21	29	51	55	36
Operating Income (Loss)	6	2	6	28	23	30	45	41	41

Liquidity (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

Cash Ratio	0.02	0.02	0.02	0.01	0.21	0.41	1.11	1.29	0.54
Current Ratio	0.93	0.79	1.7	1.85	3.34	3.15	3.49	3.47	2.3
Quick Ratio	0.27	0.27	0.63	0.56	1.28	1.17	1.74	1.87	0.54
CFO/Avg Current Liab	- -	0.05	- -	0.37	0.23	0.84	1.28	1.06	0.58
Common Equity/Total Assets	12.4	0.04	1.32	10.31	19	22.26	24.49	22.53	21.45
Long-Term Debt/Equity (%)	72.59	54.61	282.73	217.89	26.77	35	40	21.85	- -
Long-Term Debt/Capital (%)	19.03	20.79	79.74	69.67	41.53	42.53	44.19	29.88	31.68
Long-Term Debt/Total Assets (%)	12.12	12.45	51	47.97	17.02	21.09	23.55	12.03	11.15
Total Debt/Equity (%)	307.22	226.56	312.7	247.2	27.66	38.6	43.64	28.11	- -
Total Debt/Capital (%)	80.52	86.25	88.19	79.04	42.91	46.9	48.21	38.45	31.68
Total Debt/Total Assets (%)	51.28	51.65	56.4	54.42	17.59	23.26	25.69	15.48	11.15
CFO/Total Liabilities	1.88	3.67	-0.03	10.3	11.48	29.4	46.94	16.29	11.75
CFO/CapEx	0.18	0.09	- -	0.4	0.7	2	5.72	11.79	7.51
Altman's Z-Score	2.61	1.74	2.08	2.57	5.81	4.53	5.47	3.94	3.72

Working Capital (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

Accounts Receivable Turnover	- -	13.53	12.59	13.18	12.87	13.49	14.07	15.51	14.82
Days Sales Outstanding	- -	26.98	29	27.7	28.37	27.05	25.95	23.53	24.63
Inventory Turnover	- -	4.55	5.05	4.89	4.77	4.49	3.54	3.63	3.88
Days Inventory Outstanding	- -	80.25	72.32	74.62	76.46	81.36	103.12	100.5	94.09
Accounts Payable Turnover	- -	9.95	9.95	11.25	13.8	16.4	13.67	14.2	13.89
Accounts Payable Turnover Days	- -	36.69	36.69	32.44	26.45	22.26	26.7	25.71	26.28
Cash Conversion Cycle	- -	70.55	64.63	69.88	78.38	86.15	102.37	98.33	92.44
Inventory to Cash Days	- -	-53.27	-43.32	-46.92	-48.1	-54.31	-77.17	-76.97	-69.46
Inventories	29	30	35	49	58	71	72	71	82
Raw Materials	6	2	4	4	13	18	9	7	4
Work In Process	- -	- -	- -	- -	2	2	1	2	1
Finished Goods	22	28	32	45	45	52	61	63	77
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	372	285	495	605	453
- Cash & Cash Equivalents	1	1	1	- -	6	16	23	32	38
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	8	8	7	9	10	9	7	7
+ Total Debt	33	50	75	99	37	59	71	46	32
Enterprise Value	32	57	83	106	411	338	525	598	454
Total Capital	41	58	85	125	85	125	147	119	101
Total Debt/Capital (%)	80.52	86.25	88.19	79.04	42.91	46.9	48.21	38.45	31.68
Total Debt / EV	1.02	0.88	0.91	0.93	0.09	0.17	0.14	0.08	0.07
EV/Sales	0.23	0.32	0.37	0.36	1.13	0.8	1.29	1.41	0.97
EV/EBITDA	3.51	9.27	7.02	2.91	12.39	7.64	8.7	10.16	11.1
EV/EBIT	5.34	26.5	14.18	3.81	17.77	11.26	11.77	14.75	11.1
EV/Cash Flow to Firm	14.23	21.73	23.91	5.64	37.22	10.87	9.55	12.05	12.84
EV/Free Cash Flow to Firm	4.13	1.64	2.16	1.91	17.55	7.37	8.16	11.14	11.39
Diluted Market Cap	- -	- -	- -	- -	375	286	496	609	455
Diluted Enterprise Value	32	57	83	106	414	339	553	630	457
EV per Share	2.18	2.96	4.33	5.52	22.34	17.04	26.37	29.87	22.65
TTM Sales	140	175	225	296	364	423	406	423	468
TTM EBITDA	9	6	12	36	33	44	60	59	41
TTM Operating Income	6	2	6	28	23	30	45	41	41
TTM Cash Flow to Firm	2	3	3	19	11	31	55	50	35
TTM Free Cash Flow to Firm	8	35	38	55	23	46	64	54	40

Multiples (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

Price/Free Cash Flow	- -	- -	- -	- -	17.82	6.48	7.92	11.7	11.89
EV/EBIT	5.34	26.5	14.18	3.81	17.77	11.26	11.77	14.75	11.1
Enterprise Value	32	57	83	106	411	338	525	598	454
Low Price	- -	- -	- -	- -	15.56	12.5	12.54	22.51	20.61
EV/Sales	0.23	0.32	0.37	0.36	1.13	0.8	1.29	1.41	0.97
EV/EBITDA	3.51	9.27	7.02	2.91	12.39	7.64	8.7	10.16	11.1
Price/Earnings	- -	- -	- -	- -	17.91	12.05	15.23	20.19	14.38
Price/Earnings Average	- -	- -	- -	- -	18.6	14.4	11.31	18.39	17.03
Price/Earnings High	- -	- -	- -	- -	22.96	17.6	16.36	22.11	21.59
Price/Earnings Low	- -	- -	- -	- -	13.79	10.48	7.69	15.02	13.13
Price/Book Value	- -	- -	- -	- -	9.43	5.07	7.31	9.12	7.34
Price/Book Value Average	- -	- -	- -	- -	9.79	6.06	5.42	8.31	8.69
Price/Book Value High	- -	- -	- -	- -	12.09	7.41	7.85	9.99	11.02
Price/Book Value Low	- -	- -	- -	- -	7.26	4.41	3.69	6.78	6.7
Price/Tangible Book Value	- -	- -	- -	- -	2.9	1.92	3.11	3.82	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	3.02	2.3	2.31	3.48	- -
Price/Tangible Book Value High	- -	- -	- -	- -	3.72	2.81	3.34	4.19	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	2.24	1.67	1.57	2.84	- -
Price/Sales	- -	- -	- -	- -	1.02	0.67	1.22	1.43	0.97
Price/Sales Average	- -	- -	- -	- -	1.06	0.8	0.91	1.3	1.15
Price/Sales High	- -	- -	- -	- -	1.31	0.98	1.31	1.57	1.45
Price/Sales Low	- -	- -	- -	- -	0.79	0.59	0.62	1.07	0.88
Price/Cash Flow	- -	- -	- -	- -	42.87	9.67	9.27	12.61	13.39
Price/Cash Flow Average	- -	- -	- -	- -	44.52	11.55	6.88	11.49	15.85
Price/Cash Flow High	- -	- -	- -	- -	54.96	14.12	9.95	13.82	20.1
Price/Cash Flow Low	- -	- -	- -	- -	33	8.41	4.68	9.38	12.22
Price/Free Cash Flow Average	- -	- -	- -	- -	18.5	7.74	5.88	10.65	14.07
Price/Free Cash Flow High	- -	- -	- -	- -	22.84	9.46	8.5	12.81	17.85
Price/Free Cash Flow Low	- -	- -	- -	- -	13.72	5.63	3.99	8.7	10.85
EV/Sales Average	0.23	0.32	0.37	0.36	1.17	0.93	1.04	1.35	1.15
EV/Sales High	0.23	0.32	0.37	0.36	1.42	1.11	1.45	1.62	1.46
EV/Sales Low	0.23	0.32	0.37	0.36	0.89	0.71	0.75	1.11	0.89
EV/EBITDA Average	3.51	9.27	7.02	2.91	12.82	8.9	7.02	9.72	13.14
EV/EBITDA High	3.51	9.27	7.02	2.91	15.55	10.61	9.74	11.62	16.65
EV/EBITDA Low	3.51	9.27	7.02	2.91	9.81	6.8	5.07	8.01	10.14
EV/EBIT Average	5.34	26.5	14.18	3.81	18.39	13.12	9.5	14.11	13.14
EV/EBIT High	5.34	26.5	14.18	3.81	22.3	15.64	13.18	16.87	16.65
EV/EBIT Low	5.34	26.5	14.18	3.81	14.07	10.03	6.86	11.62	10.14
Last Price	- -	- -	- -	- -	20.21	14.37	24.85	30.26	22.57
High Price	- -	- -	- -	- -	25.91	20.99	26.69	33.14	33.89
Enterprise Value Average	32	57	83	106	426	393	424	572	538
Enterprise Value High	32	57	83	106	516	469	588	684	681
Enterprise Value Low	32	57	83	106	326	301	306	471	415

Shares Outstanding	20	20	20	19	20	20	20	20	20
Diluted Weighted Avg Shares	15	19	19	19	19	20	20	20	20
Basic Weighted Avg Shares	15	19	19	19	18	20	20	20	20
Revenue per Share	9.51	9.18	11.76	15.46	19.79	21.33	20.38	21.13	23.32
EBITDA per Share	0.62	0.32	0.62	1.9	1.8	2.23	3.03	2.94	2.04
Operating Income per Share	0.41	0.11	0.31	1.45	1.26	1.51	2.24	2.03	2.04
Basic EPS, GAAP	0.31	- -	0.09	0.92	1.13	1.19	1.63	1.5	1.57
Basic EPS from Cont Ops	0.31	-0.01	0.11	0.87	1.22	1.3	1.67	1.54	1.63
Diluted EPS, GAAP	0.31	- -	0.09	0.92	1.12	1.19	1.63	1.49	1.56
Diluted EPS from Cont Ops	0.31	-0.01	0.11	0.87	1.21	1.3	1.66	1.53	1.62
Dividend per Share	0.05	0.07	- -	0.03	- -	0.35	1.05	1.55	- -
Cash Flow per Share	0.07	0.14	- -	0.76	0.47	1.49	2.68	2.4	1.69
Free Cash Flow per Basic Share	-0.31	-1.53	-1.82	-1.15	-0.2	0.74	2.21	2.2	1.46
Cash & Equivalents per Share	0.05	0.05	0.04	0.02	0.35	0.81	2.48	3	1.89
Book Value per Share	0.54	- -	0.09	0.98	2.14	2.83	3.4	3.32	3.08
Tangible Book Value per Share	0.73	1.15	1.26	1.92	6.96	7.47	7.98	7.92	- -

Karat Packaging Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)