Key Tronic Corporation Financial Ratios — KTCC Stock

Profitability	2010 Y	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
Return on Common Equity (%)	57.22	25.61	22.24	14.62	7.84	4.16	5.97	4.83	-1.11	-6.91	4.15	3.64	2.74	4.03	-2.19
Return on Assets (%)	9.69	5.26	8.69	8.8	5.22	2.22	2.8	2.4	-0.55	-3.29	1.75	1.3	0.88	1.25	-0.72
Return on Capital (%)	- -	23.46	19.09	13.56	7.58	4.2	5.46	4.62	- -	- -	- -	3.22	3.4	5.29	- -
Return on Invested Capital (%)	- -	9.11	14.33	13.51	7.45	4.24	5.69	4.78	- -	- -	- -	3.23	3.39	3.9	- -
Gross Margin (%)	9.64	8.13	8.61	9.56	8.79	7.67	8.01	8.19	7.66	7.46	7.84	8.1	7.94	7.84	7.03
EBITDA Margin (%)	4.6	3.6	4.82	5.84	4.3	2.89	3.42	3.59	3.01	2.97	2.76	3.16	3.01	3.56	3.06
Operating Margin (%)	3.7	2.73	4.14	5.02	3.05	1.53	2.15	2.04	1.27	1.4	1.52	1.84	1.62	1.99	1.12
Incremental Operating Margin (%)	32.93	-0.83	8	25.93	15.86	-2.06	7.38	5.08	18.14	4.75	-2.32	3.9	-2.87	5.28	14.84
Pretax Margin (%)	3.65	2.55	3.99	4.95	3.02	1.22	1.68	1.55	-0.32	-1.88	0.96	1.14	0.68	1.04	-0.91
Profit Margin (%)	4.35	2.26	3.36	3.49	2.49	0.99	1.35	1.2	-0.3	-1.72	1.06	0.84	0.62	0.85	-0.49
Net Income to Common Margin (%)	4.35	2.26	3.36	3.49	2.49	0.99	1.35	1.2	-0.3	-1.72	1.06	0.84	0.62	0.85	-0.49
Effective Tax Rate (%)	- -	11.51	16	29.53	17.46	18.79	19.85	22.59	- -	- -	- -	26.59	8.51	18.14	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	57.22	25.61	22.24	14.62	7.84	4.16	5.97	4.83	-1.11	-6.91	4.15	3.64	2.74	4.03	-2.19

Credit	2010 Y	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
Total Debt	2	6	16	1	8	43	44	43	35	36	83	112	115	135	130
ST Debt	- -	- -	1	1	8	5	5	6	6	6	8	2	2	3	3
LT Debt	2	6	15	- -	- -	38	39	37	29	30	76	110	112	132	127
Total Debt/EBITDA	0.17	0.66	0.94	0.03	0.6	3.41	2.67	2.56	2.61	2.63	6.72	6.83	7	6.26	7.48
Net Debt/EBITDA	0.09	0.52	0.91	-0.49	0.16	3.38	2.61	2.54	2.58	2.59	5.66	5.92	6.16	5.61	6.61
Total Debt/EBIT	0.21	0.86	1.1	0.03	0.84	6.45	4.26	4.5	6.19	5.59	12.23	11.74	13.02	11.23	20.52
Net Debt/EBIT	0.11	0.69	1.06	-0.57	0.22	6.39	4.16	4.46	6.13	5.5	10.3	10.18	11.46	10.07	18.14
EBITDA to Interest Expense	90.02	20.02	32.71	77.83	162.14	9.29	7.32	7.33	5.25	4.96	4.95	4.53	3.2	2.15	1.45
EBITDA-CapEx/Interest Expense	56.9	11.67	23.59	65.02	66.3	2.78	1.46	3.26	3.48	1.94	1.51	1.6	1.87	1.18	1.12
EBIT to Interest Expense	72.43	15.18	28.14	66.89	114.86	4.92	4.6	4.17	2.21	2.33	2.72	2.64	1.72	1.2	0.53
Interest Expense	- -	- -	1	- -	- -	1	2	2	3	3	3	4	5	10	12
Common Equity/Total Assets	19.22	21.68	52.53	68.71	64.63	45.73	47.96	51.25	48.29	47.01	38.4	33.61	30.79	31.25	34.95
Long-Term Debt/Equity (%)	2.62	8.82	19.1	- -	- -	37.59	37.24	31.83	24.69	26.6	65.75	88.68	89.94	100.94	102.18
Long-Term Debt/Capital (%)	7.37	19.19	15.8	- -	- -	25.52	24.97	22.87	18.93	20.53	37.89	46.98	46.84	49.62	49.88
Long-Term Debt/Total Assets (%)	1.53	5.15	9.95	- -	- -	16.41	16.67	15.94	11.83	12.78	24.92	30.32	27.6	31.52	35.65
Total Debt/Equity (%)	2.62	8.82	20.02	0.61	7.58	42.55	41.98	36.84	29.64	31.7	72.24	90.41	91.69	103.34	104.7
Total Debt/Capital (%)	7.37	19.19	16.57	0.62	7.2	28.89	28.15	26.46	22.72	24.47	41.63	47.9	47.75	50.8	51.1
Total Debt/Total Assets (%)	1.53	5.15	10.43	0.43	5.01	18.58	18.79	18.45	14.2	15.23	27.38	30.91	28.14	32.27	36.53
Net Debt to Equity	1.32	7.01	19.38	-10.88	1.98	42.19	41.02	36.52	29.35	31.18	60.84	78.36	80.7	92.69	92.55
Net Debt/Capital (%)	3.86	15.87	16.12	-12.4	1.98	28.71	27.68	26.29	22.54	24.16	35.16	42.15	42.32	46.19	46.04
EBITDA	9	9	17	21	13	13	17	17	13	14	12	16	16	22	17
EBITDA-CapEx	6	5	12	18	5	4	3	7	9	5	4	6	10	12	13
Operating Income (Loss)	7	7	14	18	9	7	10	10	6	6	7	10	9	12	6

Liquidity	2010 Y	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
Cash Ratio	0.02	0.04	0.01	0.29	0.11	- -	0.01	- -	- -	0.01	- -	0.03	0.01	0.02	0.05
Current Ratio	2.18	2.72	2.43	2.95	2.36	2.06	2.16	2.29	1.97	2.12	2.16	2.36	2.08	2.3	2.77
Quick Ratio	0.93	1.23	1.15	1.52	1.06	0.84	0.75	0.84	0.71	0.87	0.98	1.09	0.97	1.21	1.52
CFO/Avg Current Liab	0.12	-0.07	-0.12	0.64	0.03	0.11	0.05	0.03	0.04	0.01	-0.3	-0.13	-0.03	-0.07	0.11
Common Equity/Total Assets	19.22	21.68	52.53	68.71	64.63	45.73	47.96	51.25	48.29	47.01	38.4	33.61	30.79	31.25	34.95
Long-Term Debt/Equity (%)	2.62	8.82	19.1	- -	- -	37.59	37.24	31.83	24.69	26.6	65.75	88.68	89.94	100.94	102.18
Long-Term Debt/Capital (%)	7.37	19.19	15.8	- -	- -	25.52	24.97	22.87	18.93	20.53	37.89	46.98	46.84	49.62	49.88
Long-Term Debt/Total Assets (%)	1.53	5.15	9.95	- -	- -	16.41	16.67	15.94	11.83	12.78	24.92	30.32	27.6	31.52	35.65
Total Debt/Equity (%)	2.62	8.82	20.02	0.61	7.58	42.55	41.98	36.84	29.64	31.7	72.24	90.41	91.69	103.34	104.7
Total Debt/Capital (%)	7.37	19.19	16.57	0.62	7.2	28.89	28.15	26.46	22.72	24.47	41.63	47.9	47.75	50.8	51.1
Total Debt/Total Assets (%)	1.53	5.15	10.43	0.43	5.01	18.58	18.79	18.45	14.2	15.23	27.38	30.91	28.14	32.27	36.53
CFO/Total Liabilities	8.76	-5.3	-7.01	71.47	2.75	5.9	3.51	1.96	2.43	0.74	-16.38	-6.32	-1.74	-3.93	5.95
CFO/CapEx	1.09	-0.67	-1.09	8.44	0.19	0.87	0.34	0.25	0.69	0.11	-3.6	-1.42	-0.72	-1.16	3.48
Altman's Z-Score	3.74	3.86	4.27	5.87	4.53	3.58	3.69	3.71	3.31	3.22	2.56	2.56	2.3	2.51	2.69

Working Capital	2010 Y	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
Accounts Receivable Turnover	6.71	6.77	6.86	6.7	6.32	7.09	7.21	7.37	6.59	7.21	6.22	5.28	4.42	4.23	4
Days Sales Outstanding	54.38	53.9	53.23	54.45	57.77	51.52	50.63	49.5	55.39	50.61	58.69	69.12	82.57	86.37	91.15
Inventory Turnover	5.01	5.73	6.33	6.33	5.55	5.44	4.49	4.12	3.89	4.08	3.85	3.78	3.42	3.8	4.34
Days Inventory Outstanding	72.92	63.65	57.63	57.63	65.72	67.06	81.24	88.64	93.83	89.56	94.92	96.62	106.76	96.07	84.14
Accounts Payable Turnover	7.85	8.5	9.64	9.01	9.84	9.29	7.66	7.57	6.51	5.6	5.58	5.77	4.85	4.55	5.06
Accounts Payable Turnover Days	46.5	42.96	37.85	40.51	37.1	39.28	47.64	48.22	56.06	65.15	65.44	63.29	75.27	80.19	72.11
Cash Conversion Cycle	80.8	74.59	73.01	71.57	86.38	79.29	84.22	89.91	93.16	75.03	88.17	102.45	114.06	102.25	103.18
Inventory to Cash Days	-18.53	-9.75	-4.4	-3.18	-7.95	-15.54	-30.61	-39.14	-38.44	-38.95	-36.23	-27.5	-24.2	-9.7	7.01
Inventories	40	42	58	45	56	92	107	102	110	100	115	137	156	138	105
Raw Materials	31	31	42	32	43	68	75	69	73	77	82	- -	132	109	81
Work In Process	4	5	6	5	7	15	19	21	22	12	17	- -	24	29	25
Finished Goods	4	6	10	7	6	8	13	12	15	12	15	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	137	- -	- -	- -

Enterprise Value	2010 Y	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
Market Capitalization	52	47	86	109	110	115	81	76	82	54	57	70	47	61	44
- Cash & Cash Equivalents	1	1	1	11	6	- -	1	- -	- -	1	1	3	2	4	5
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2	6	16	1	8	43	44	43	35	36	83	112	115	135	130
Enterprise Value	53	52	101	98	112	157	124	119	116	89	140	179	160	192	169
Total Capital	21	31	95	93	109	148	157	162	154	148	201	233	240	266	254
Total Debt/Capital (%)	7.37	19.19	16.57	0.62	7.2	28.89	28.15	26.46	22.72	24.47	41.63	47.9	47.75	50.8	51.1
Total Debt / EV	0.03	0.12	0.16	0.01	0.07	0.27	0.36	0.36	0.3	0.41	0.6	0.63	0.71	0.7	0.77
EV/Sales	0.27	0.2	0.29	0.27	0.37	0.36	0.26	0.25	0.26	0.19	0.31	0.34	0.29	0.32	0.3
EV/EBITDA	5.76	5.68	6.07	4.66	8.56	12.53	7.48	7.08	8.66	6.47	11.27	10.9	9.8	8.92	9.71
EV/EBIT	7.16	7.48	7.06	5.42	12.08	23.66	11.9	12.45	20.57	13.76	20.5	18.74	18.22	16	26.66
EV/Cash Flow to Firm	13.86	- -	- -	3.34	73.7	17.96	19.38	29.3	21.24	25.8	- -	- -	- -	- -	8.35
EV/Free Cash Flow to Firm	7.35	31.41	6,184.24	2.98	12.1	8.96	6.3	8.89	11.63	7.54	- -	- -	24.37	28.87	6.98
Diluted Market Cap	52	47	87	113	119	123	85	77	82	54	57	72	49	62	44
Diluted Enterprise Value	53	52	103	103	121	165	128	120	117	89	140	180	162	193	169
EV per Share	5.23	5.02	9.7	9.37	10.67	14.89	11.57	11.05	10.8	8.3	13.01	16.59	14.89	17.88	15.67
TTM Sales	200	254	346	361	305	434	485	468	446	464	449	519	544	605	567
TTM EBITDA	9	9	17	21	13	13	17	17	13	14	12	16	16	22	17
TTM Operating Income	7	7	14	18	9	7	10	10	6	6	7	10	9	12	6
TTM Cash Flow to Firm	4	-2	-5	29	2	9	6	4	5	3	-28	-12	- -	-3	20
TTM Free Cash Flow to Firm	7	2	- -	33	9	18	20	13	10	12	-20	-2	7	7	24

Multiples		2010 Y	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
Price/Earnings		6	8.22	7.4	8.63	14.49	26.7	12.34	13.58	- -	- -	11.99

Key Tronic Corporation

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples