Public Policy Holding Co., Inc. Financial Ratios — PPHC

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 (%)	- -	-6.19	-2.72	-39.95	-21.64	-18.02	-29.34	-49.95
Return on Assets (%)	- -	-3.05	-1.62	-25.17	-13.4	-10.56	-14.87	-20.69
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	11.55	10
EBITDA Margin (%)	3.42	1.93	4.29	-18.88	-21.4	-2.16	-6.2	-11.91
Operating Margin (%)	-2.29	-2.65	-1.46	-23.87	-4.38	-1.95	-9.23	-10.09
Incremental Operating Margin (%)	- -	- -	1.58	- -	199.87	8.16	- -	- -
Pretax Margin (%)	-2.4	-2.73	-1.51	-23.92	-6.63	-4.99	-11.64	-18.55
Profit Margin (%)	-2.4	-2.73	-1.51	-24.42	-13.79	-10.55	-16.02	-20.91
Net Income to Common Margin (%)	-2.4	-2.73	-1.51	-24.42	-13.79	-10.55	-16.02	-20.91
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	-44.22	-19.37	-1.83	-37.13	-111.23	-70.28	-22.19
Sustainable Growth Rate (%)	- -	-8.93	-3.24	-40.69	-29.67	-38.07	-49.95	-61.04

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	21	20	20	19	19	36	54	69
ST Debt	2	2	3	3	4	8	11	14
LT Debt	19	18	17	15	15	28	43	54
Total Debt/EBITDA	18.46	18.73	5.97	-1.01	-0.81	-12.29	-5.79	-3.09
Net Debt/EBITDA	0.89	0.67	-1.36	0.95	0.9	1.17	-1.89	-1.2
Total Debt/EBIT	-27.6	-13.63	-17.6	-0.8	-0.66	-3.36	-2.96	-2.02
Net Debt/EBIT	-1.33	-0.48	4.01	0.75	0.73	0.32	-0.96	-0.78
EBITDA to Interest Expense	32.28	26.52	73.83	-364.01	-1,379.82	-3.04	-4.88	-6.53
EBITDA-CapEx/Interest Expense	14.73	25.48	73.3	-364.72	-1,379.82	-3.28	-4.91	-6.53
EBIT to Interest Expense	-21.6	-36.45	-25.04	-460.2	-282.47	-2.74	-7.27	-5.53
Interest Expense	- -	- -	- -	- -	- -	1	2	3
Common Equity/Total Assets	47.06	51.13	64.67	61.5	62.26	55.57	46.57	36.98
Long-Term Debt/Equity (%)	91.79	64.35	29.09	24.67	19.75	34.41	52.7	72.59
Long-Term Debt/Capital (%)	45.73	37.31	21.73	18.96	15.81	23.96	31.74	37.91
Long-Term Debt/Total Assets (%)	43.2	32.9	18.81	15.17	12.29	19.12	24.55	26.84
Total Debt/Equity (%)	100.73	72.48	33.86	30.08	24.92	43.61	66.06	91.49
Total Debt/Capital (%)	50.18	42.02	25.3	23.12	19.95	30.37	39.78	47.78
Total Debt/Total Assets (%)	47.4	37.06	21.9	18.5	15.51	24.23	30.77	33.83
Net Debt to Equity	4.87	2.58	-7.71	-28.37	-27.63	-4.14	21.55	35.45
Net Debt/Capital (%)	2.46	1.53	-6.25	-27.99	-28.48	-3.28	14.54	21.59
EBITDA	1	1	3	-19	-23	-3	-9	-22
EBITDA-CapEx	1	1	3	-19	-23	-3	-9	-22
Operating Income (Loss)	-1	-1	-1	-24	-5	-3	-14	-19

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	0.13	0.12	0.41	0.86	0.75	0.47	0.38	0.39
Current Ratio	1.03	0.88	0.89	1.29	1.25	1.22	1.21	1.11
Quick Ratio	0.98	0.85	0.87	1.27	1.16	1.02	0.97	0.39
CFO/Avg Current Liab	- -	0.13	0.49	0.26	0.84	0.35	0.48	0.55
Common Equity/Total Assets	47.06	51.13	64.67	61.5	62.26	55.57	46.57	36.98
Long-Term Debt/Equity (%)	91.79	64.35	29.09	24.67	19.75	34.41	52.7	72.59
Long-Term Debt/Capital (%)	45.73	37.31	21.73	18.96	15.81	23.96	31.74	37.91
Long-Term Debt/Total Assets (%)	43.2	32.9	18.81	15.17	12.29	19.12	24.55	26.84
Total Debt/Equity (%)	100.73	72.48	33.86	30.08	24.92	43.61	66.06	91.49
Total Debt/Capital (%)	50.18	42.02	25.3	23.12	19.95	30.37	39.78	47.78
Total Debt/Total Assets (%)	47.4	37.06	21.9	18.5	15.51	24.23	30.77	33.83
CFO/Total Liabilities	-1.57	3.16	18.2	11.81	44.89	15.6	17.6	19.4
CFO/CapEx	-0.59	20	243.95	126.62	- -	43.98	292.91	2,251.82
Altman's Z-Score	- -	- -	- -	3.05	3.2	1.93	0.7	0.79

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	- -	11.83	12.25	13.39	10.99	10.53	9	9.21
Days Sales Outstanding	- -	30.86	29.79	27.26	33.21	34.68	40.54	39.62
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	- -	- -	- -	208	192	167	206	360
- Cash & Cash Equivalents	1	1	6	18	21	14	15	20
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	21	20	20	19	19	36	54	69
Enterprise Value	- -	- -	- -	209	190	189	245	408
Total Capital	43	48	79	82	95	118	135	143
Total Debt/Capital (%)	50.18	42.02	25.3	23.12	19.95	30.37	39.78	47.78
Total Debt / EV	- -	- -	- -	0.09	0.1	0.19	0.22	0.17
EV/Sales	- -	- -	- -	2.1	1.75	1.4	1.64	2.19
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	193	190	158	192	249
Diluted Enterprise Value	- -	- -	- -	194	188	179	231	298
EV per Share	- -	- -	- -	9.65	8.7	8.19	10.2	16.19
TTM Sales	34	56	77	99	109	135	150	187
TTM EBITDA	1	1	3	-19	-23	-3	-9	-22
TTM Operating Income	-1	-1	-1	-24	-5	-3	-14	-19
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	41.91	9.2	15.76	11.73	10.08
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	209	190	189	245	408
Low Price	- -	- -	- -	9.21	7.47	6.65	6.56	8.1
EV/Sales	- -	- -	- -	2.1	1.75	1.4	1.64	2.19
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	3.32	2.53	2.04	2.53	4.8
Price/Book Value Average	- -	- -	- -	3.25	2.58	2.27	2.39	3.7
Price/Book Value High	- -	- -	- -	3.35	2.83	2.46	2.63	5.16
Price/Book Value Low	- -	- -	- -	3.18	2.15	1.87	1.94	2.72
Price/Tangible Book Value	- -	- -	- -	41.82	20.26	22.95	-13.55	-18.73
Price/Tangible Book Value Average	- -	- -	- -	40.97	20.67	25.53	-12.8	-14.44
Price/Tangible Book Value High	- -	- -	- -	42.31	22.66	27.74	-14.06	-20.14
Price/Tangible Book Value Low	- -	- -	- -	40.09	17.19	21.03	-10.36	-10.63
Price/Sales	- -	- -	- -	1.94	1.75	1.17	1.28	1.34
Price/Sales Average	- -	- -	- -	1.9	1.78	1.3	1.21	1.03
Price/Sales High	- -	- -	- -	1.96	1.96	1.41	1.33	1.44
Price/Sales Low	- -	- -	- -	1.86	1.48	1.07	0.98	0.76
Price/Cash Flow	- -	- -	- -	41.58	9.2	15.4	11.69	10.07
Price/Cash Flow Average	- -	- -	- -	40.74	9.39	17.13	11.04	7.77
Price/Cash Flow High	- -	- -	- -	42.06	10.3	18.61	12.13	10.83
Price/Cash Flow Low	- -	- -	- -	39.85	7.81	14.11	8.94	5.72
Price/Free Cash Flow Average	- -	- -	- -	41.06	9.39	17.53	11.08	7.77
Price/Free Cash Flow High	- -	- -	- -	42.4	10.3	19.05	12.18	10.83
Price/Free Cash Flow Low	- -	- -	- -	40.17	7.81	14.44	8.97	5.72
EV/Sales Average	- -	- -	- -	2.06	1.78	1.54	1.56	1.74
EV/Sales High	- -	- -	- -	2.13	1.96	1.66	1.69	2.33
EV/Sales Low	- -	- -	- -	2.02	1.48	1.29	1.31	1.35
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	9.61	8.8	7.26	8.57	14.28
High Price	- -	- -	- -	9.72	9.84	8.77	8.9	15.36
Enterprise Value Average	- -	- -	- -	205	194	208	234	325
Enterprise Value High	- -	- -	- -	211	213	224	253	435
Enterprise Value Low	- -	- -	- -	200	161	175	197	252

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	22	22	22	22	22	23	24	25
Diluted Weighted Avg Shares	22	22	22	20	22	22	22	17
Basic Weighted Avg Shares	22	22	22	20	22	22	22	17
Revenue per Share	1.56	2.57	3.58	4.95	5.03	6.21	6.69	10.68
EBITDA per Share	0.05	0.05	0.15	-0.93	-1.08	-0.13	-0.41	-1.27
Operating Income per Share	-0.04	-0.07	-0.05	-1.18	-0.22	-0.12	-0.62	-1.08
Basic EPS, GAAP	-0.04	-0.07	-0.05	-1.21	-0.69	-0.66	-1.07	-2.23
Basic EPS from Cont Ops	-0.04	-0.07	-0.05	-1.21	-0.69	-0.66	-1.07	-2.23
Diluted EPS, GAAP	-0.04	-0.07	-0.05	-1.21	-0.69	-0.66	-1.07	-2.23
Diluted EPS from Cont Ops	-0.04	-0.07	-0.05	-1.21	-0.69	-0.66	-1.07	-2.23
Dividend per Share	- -	0.03	0.01	0.02	0.26	0.73	0.75	0.5
Cash Flow per Share	-0.02	0.04	0.27	0.23	0.96	0.47	0.73	1.42
Free Cash Flow per Basic Share	-0.05	0.04	0.27	0.23	0.96	0.46	0.73	1.42
Cash & Equivalents per Share	0.03	0.05	0.28	0.83	0.97	0.62	0.61	0.81
Book Value per Share	0.98	1.28	2.71	2.9	3.47	3.56	3.38	2.98
Tangible Book Value per Share	- -	-0.07	-0.05	0.23	0.43	0.32	-0.63	-0.76