The Liberty SiriusXM Group Financial Ratios — LSXMK Stock

Profitability (USD)

	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
Return on Common Equity (%)	- -	100.36	59.59	117.52	1.98	2.31	3.64	19.16	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	21.66	17.63	40.96	0.71	0.9	1.53	4.04	2.38	1.65	-2.35	1.88	4.16	2.75
Return on Capital (%)	- -	57.78	43.3	- -	0.56	1.01	1.65	- -	5.07	4.1	- -	4.41	8.63	6.99
Return on Invested Capital (%)	- -	12.7	-0.84	- -	2.09	2.56	3.99	- -	5.51	4.84	- -	6.92	5.96	6.28
Gross Margin (%)	37.37	100	-226.36	54.4	49.94	48.24	50	52.06	51.86	50.55	50.98	50.63	50.22	48.98
EBITDA Margin (%)	47.32	41.45	-10.33	28.21	32.91	30.65	33.19	35	34.52	27.78	28.93	29.21	28.86	28.25
Operating Margin (%)	7.17	37.69	-21.74	20.34	24.25	23.57	26.96	28.52	28.12	20.89	21.8	22.27	22.07	21.28
Incremental Operating Margin (%)	- -	-59.91	- -	24.6	136.69	16.79	60.39	47.45	21.97	0.25	50.81	28.05	16.29	164
Pretax Margin (%)	20.78	53.8	442.66	221.29	18.72	16.81	19.9	21.99	21.57	12.91	-7.62	10.91	21.87	14.16
Profit Margin (%)	48.78	59.33	384.24	219.39	5.58	5.69	8.24	20.72	11.71	6.34	-9.29	6.89	14.35	9.26
Net Income to Common Margin (%)	48.78	59.33	384.24	219.39	5.58	5.69	8.24	20.72	11.71	6.34	-9.29	6.89	14.35	9.26
Effective Tax Rate (%)	- -	21.77	28.79	- -	42.19	42.09	34.17	- -	19.36	26.94	- -	7.8	23.72	18.69
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	1.78	2.73	4.43	6.97	-9.26	5.04	14.54	5.27
Sustainable Growth Rate (%)	- -	100.36	59.59	117.52	1.98	2.31	3.57	18.64	- -	- -	- -	- -	- -	- -

Credit (USD)

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	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
Total Debt	- -	1,295	540	5,555	5,845	5,709	6,107	7,496	7,858	9,245	13,000	14,262	13,143	11,137
ST Debt	- -	754	4	777	257	255	5	755	3	1	475	2,184	1,543	1,074
LT Debt	- -	541	536	4,778	5,588	5,454	6,102	6,741	7,855	9,244	12,525	12,078	11,600	10,063
Total Debt/EBITDA	- -	2.22	-14.21	4.92	4.29	4.09	3.67	3.95	3.94	4.27	5.59	5.61	5.06	4.4
Net Debt/EBITDA	- -	-1.33	1.66	3.96	3.79	4.01	3.5	3.62	3.9	4.04	5.16	5.38	4.92	4.28
Total Debt/EBIT	- -	2.44	-6.75	6.82	5.82	5.32	4.52	4.85	4.84	5.68	7.42	7.36	6.61	5.85
Net Debt/EBIT	- -	-1.46	0.79	5.49	5.14	5.22	4.3	4.45	4.79	5.38	6.85	7.05	6.43	5.69
EBITDA to Interest Expense	14.92	36.5	-5.43	8.55	5.82	4.54	4.87	5.33	5.13	4.98	4.96	5.13	5.08	4.7
EBITDA-CapEx/Interest Expense	14.68	36.5	-9.86	8.55	5	4.54	4.87	5.33	5.13	4.98	4.96	5.13	5.08	4.7
EBIT to Interest Expense	2.26	33.19	-11.43	6.17	4.29	3.5	3.95	4.35	4.18	3.74	3.74	3.91	3.89	3.54
Interest Expense	65	16	7	132	234	307	342	356	388	435	469	495	511	538
Common Equity/Total Assets	- -	21.58	37	34.34	37.73	40.68	43.37	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	- -	10.31	8.33	20.01	27.7	32.47	38.07	40.91	50.01	56.69	98.2	104.11	97.5	76.29
Long-Term Debt/Capital (%)	- -	18.33	14.84	17.55	21.46	22.83	25.66	51.41	60.58	62.15	71.55	67.75	71.25	71.05
Long-Term Debt/Total Assets (%)	- -	7.01	6.44	13.83	18.46	20.2	22.56	23.63	27.76	29.42	39.04	38.13	38.06	33.65
Total Debt/Equity (%)	- -	24.67	8.4	23.26	28.97	33.99	38.1	45.5	50.03	56.7	101.92	122.94	110.47	84.43
Total Debt/Capital (%)	- -	43.88	14.95	20.41	22.44	23.9	25.68	57.17	60.6	62.16	74.26	80	80.73	78.63
Total Debt/Total Assets (%)	- -	16.78	6.49	16.08	19.31	21.14	22.58	26.27	27.77	29.42	40.52	45.03	43.12	37.25
Net Debt to Equity	- -	-14.76	-0.98	18.7	25.59	33.32	36.31	41.76	49.45	53.67	94.11	117.78	107.43	82.11
Net Debt/Capital (%)	- -	-87.97	-2.09	17.1	20.36	23.54	24.77	55.07	60.33	60.86	72.71	79.31	80.29	78.16
EBITDA	970	584	-38	1,129	1,363	1,395	1,664	1,899	1,992	2,165	2,326	2,540	2,598	2,529
EBITDA-CapEx	954	584	-69	1,129	1,169	1,395	1,664	1,899	1,992	2,165	2,326	2,540	2,598	2,529
Operating Income (Loss)	147	531	-80	814	1,004	1,073	1,352	1,547	1,623	1,628	1,753	1,937	1,987	1,905

Liquidity (USD)

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	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
Cash Ratio	- -	1.93	1.74	0.35	0.33	0.04	0.11	0.17	0.03	0.15	0.25	0.12	0.08	0.08
Current Ratio	- -	3.14	5.74	0.79	0.52	0.2	0.27	0.3	0.18	0.42	0.47	0.41	0.36	0.35
Quick Ratio	- -	2.16	1.81	0.41	0.42	0.13	0.19	0.24	0.12	0.36	0.42	0.25	0.24	0.26
CFO/Avg Current Liab	- -	0.45	0.29	0.69	0.39	0.44	0.62	0.59	0.56	0.64	0.53	0.41	0.41	0.44
Common Equity/Total Assets	- -	21.58	37	34.34	37.73	40.68	43.37	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	- -	10.31	8.33	20.01	27.7	32.47	38.07	40.91	50.01	56.69	98.2	104.11	97.5	76.29
Long-Term Debt/Capital (%)	- -	18.33	14.84	17.55	21.46	22.83	25.66	51.41	60.58	62.15	71.55	67.75	71.25	71.05
Long-Term Debt/Total Assets (%)	- -	7.01	6.44	13.83	18.46	20.2	22.56	23.63	27.76	29.42	39.04	38.13	38.06	33.65
Total Debt/Equity (%)	- -	24.67	8.4	23.26	28.97	33.99	38.1	45.5	50.03	56.7	101.92	122.94	110.47	84.43
Total Debt/Capital (%)	- -	43.88	14.95	20.41	22.44	23.9	25.68	57.17	60.6	62.16	74.26	80	80.73	78.63
Total Debt/Total Assets (%)	- -	16.78	6.49	16.08	19.31	21.14	22.58	26.27	27.77	29.42	40.52	45.03	43.12	37.25
CFO/Total Liabilities	- -	11.17	12.47	11.59	11.15	11.98	15.46	15.34	14.18	12.86	9.96	9.44	10.54	10.93
CFO/CapEx	2.75	- -	7.61	- -	5.8	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	1.28	0.84	2.42	4.31	9.09	10.59	2.64	2.92	3.24	2.44	2.6	3.23	3.52

Working Capital (USD)

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	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
Accounts Receivable Turnover	- -	9.78	2.35	34.65	18.78	19.37	21.9	23.33	24.3	17.26	11.98	12.48	12.94	12.99
Days Sales Outstanding	- -	37.3	155.22	10.53	19.44	18.84	16.67	15.64	15.02	21.14	30.46	29.26	28.2	28.09
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	49.02	5.18	3	3.3	3.25	2.95	3.11	3.59	2.95	3.03	3.13	3.17
Accounts Payable Turnover Days	- -	- -	7.45	70.4	121.67	110.69	112.47	123.63	117.46	101.72	123.83	120.65	116.58	115.02
Cash Conversion Cycle	- -	- -	147.78	-59.87	-102.23	-91.85	-95.8	-107.99	-102.44	-80.57	-93.37	-91.39	-88.38	-86.93
Inventory to Cash Days	- -	- -	155.22	10.53	19.44	18.84	16.67	15.64	15.02	21.14	30.46	29.26	28.2	28.09
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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
Market Capitalization	- -	- -	- -	- -	- -	- -	11,173	13,103	11,974	15,573	14,532	17,035	12,777	9,399
- Cash & Cash Equivalents	- -	2,070	603	1,088	681	112	287	615	91	493	996	598	362	306
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	-10	-8	9,801	8,778	7,198	5,945	5,615	5,108	5,628	4,505	3,565	3,138	3,026
+ Total Debt	- -	1,295	540	5,555	5,845	5,709	6,107	7,496	7,858	9,245	13,000	14,262	13,143	11,137
Enterprise Value	- -	-1,084	-138	14,253	13,743	12,780	22,938	25,599	24,849	29,953	31,041	34,264	28,696	23,256
Total Capital	- -	2,951	3,612	27,218	26,042	23,891	23,783	13,111	12,966	14,873	17,505	17,827	16,281	14,163
Total Debt/Capital (%)	- -	43.88	14.95	20.41	22.44	23.9	25.68	57.17	60.6	62.16	74.26	80	80.73	78.63
Total Debt / EV	- -	-1.19	-3.91	0.39	0.43	0.45	0.27	0.29	0.32	0.31	0.42	0.42	0.46	0.48
EV/Sales	- -	- -	- -	3.56	3.32	2.81	4.57	4.72	4.31	3.84	3.86	3.94	3.19	2.6
EV/EBITDA	- -	- -	- -	12.62	10.08	9.16	13.79	13.48	12.47	13.84	13.35	13.49	11.05	9.2
EV/EBIT	- -	- -	- -	17.51	13.69	11.91	16.97	16.55	15.31	18.4	17.71	17.69	14.44	12.21
EV/Cash Flow to Firm	- -	- -	- -	10.4	10.9	9.13	11.89	10.92	11.84	13.24	12.55	14.58	12.22	10.27
EV/Free Cash Flow to Firm	- -	- -	- -	10.4	9.45	9.13	11.89	10.92	11.84	13.24	12.55	14.58	12.22	10.27
Diluted Market Cap	- -	- -	- -	- -	- -	- -	11,240	13,259	11,974	15,763	14,619	17,136	12,777	9,399
Diluted Enterprise Value	- -	-785	-71	14,268	13,942	12,795	23,005	25,755	24,849	30,143	31,128	34,365	28,696	23,256
EV per Share	- -	- -	- -	41.68	40.18	37.37	68.47	76.19	75.46	91.04	92.94	102.28	87.88	71.21
TTM Sales	2,050	1,409	368	4,002	4,141	4,552	5,014	5,425	5,771	7,794	8,040	8,696	9,003	8,953
TTM EBITDA	970	584	-38	1,129	1,363	1,395	1,664	1,899	1,992	2,165	2,326	2,540	2,598	2,529
TTM Operating Income	147	531	-80	814	1,004	1,073	1,352	1,547	1,623	1,628	1,753	1,937	1,987	1,905
TTM Cash Flow to Firm	196	289	241	1,370	1,260	1,400	1,929	2,344	2,098	2,262	2,474	2,350	2,349	2,263
TTM Free Cash Flow to Firm	212	289	272	1,370	1,454	1,400	1,929	2,344	2,098	2,262	2,474	2,350	2,349	2,263

Multiples (USD)

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	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
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	6.6	7.17	6.71	8.11	7.6	9.05	6.52	5.15
EV/EBIT	- -	- -	- -	17.51	13.69	11.91	16.97	16.55	15.31	18.4	17.71	17.69	14.44	12.21
Enterprise Value	- -	-1,084	-138	14,253	13,743	12,780	22,938	25,599	24,849	29,953	31,041	34,264	28,696	23,256
Low Price	- -	- -	- -	- -	- -	- -	28.04	33.62	34.84	35.43	23.01	39.05	34.34	22.24
EV/Sales	- -	- -	- -	3.56	3.32	2.81	4.57	4.72	4.31	3.84	3.86	3.94	3.19	2.6
EV/EBITDA	- -	- -	- -	12.62	10.08	9.16	13.79	13.48	12.47	13.84	13.35	13.49	11.05	9.2
Price/Earnings	- -	- -	- -	- -	- -	- -	27.05	11.66	17.71	31.52	- -	28.44	9.89	11.34
Price/Earnings Average	- -	- -	- -	- -	- -	- -	26.27	11.82	20.62	26.98	-16.84	25.93	10.74	11.43
Price/Earnings High	- -	- -	- -	- -	- -	- -	29.49	13.82	23.65	32.5	-22.96	31.43	13.25	16.47
Price/Earnings Low	- -	- -	- -	- -	- -	- -	22.74	10.05	16.97	23.6	-10.29	21.84	8.68	8.76
Price/Book Value	- -	- -	- -	- -	- -	- -	0.95	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	0.92	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	1.04	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	0.8	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	-1.29	-1.58	-1.33	-1.42	-1.07	-1.17	-0.9	-0.73
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	-1.25	-1.61	-1.55	-1.22	-0.92	-1.06	-0.97	-0.74
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	-1.41	-1.88	-1.77	-1.46	-1.26	-1.29	-1.2	-1.06
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	-1.08	-1.37	-1.27	-1.06	-0.56	-0.89	-0.79	-0.56
Price/Sales	- -	- -	- -	- -	- -	- -	2.23	2.42	2.07	2	1.81	1.96	1.42	1.05
Price/Sales Average	- -	- -	- -	- -	- -	- -	2.16	2.45	2.42	1.71	1.56	1.79	1.54	1.06
Price/Sales High	- -	- -	- -	- -	- -	- -	2.43	2.86	2.77	2.06	2.13	2.16	1.9	1.52
Price/Sales Low	- -	- -	- -	- -	- -	- -	1.87	2.08	1.99	1.5	0.96	1.5	1.25	0.81
Price/Cash Flow	- -	- -	- -	- -	- -	- -	6.56	7.09	6.71	8.01	7.55	8.99	6.52	5.15
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	6.37	7.18	7.81	6.85	6.54	8.2	7.08	5.19
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	7.15	8.4	8.96	8.26	8.92	9.94	8.74	7.48
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	5.51	6.11	6.43	6	3.99	6.91	5.72	3.98
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	6.4	7.27	7.81	6.94	6.58	8.25	7.08	5.19
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	7.19	8.5	8.96	8.36	8.97	10	8.74	7.48
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	5.55	6.18	6.43	6.07	4.02	6.95	5.72	3.98
EV/Sales Average	- -	- -	- -	3.57	3.37	2.81	4.51	4.75	4.65	3.55	3.62	3.77	3.31	2.61
EV/Sales High	- -	- -	- -	3.57	3.37	2.81	4.78	5.17	5	3.9	4.19	4.15	3.67	3.07
EV/Sales Low	- -	- -	- -	3.57	3.37	2.81	4.22	4.39	4.22	3.34	3.01	3.49	3.01	2.36
EV/EBITDA Average	- -	-1.34	1.87	12.64	10.23	9.17	13.59	13.58	13.46	12.8	12.51	12.9	11.47	9.23
EV/EBITDA High	- -	-1.34	1.87	12.64	10.23	9.17	14.39	14.76	14.49	14.06	14.47	14.19	12.72	10.88
EV/EBITDA Low	- -	-1.34	1.87	12.64	10.23	9.17	12.72	12.53	12.22	12.03	10.4	11.93	10.44	8.35
EV/EBIT Average	- -	-1.48	0.89	17.53	13.89	11.92	16.73	16.66	16.52	17.02	16.6	16.91	14.99	12.25
EV/EBIT High	- -	-1.48	0.89	17.53	13.89	11.92	17.71	18.12	17.79	18.69	19.2	18.61	16.63	14.44
EV/EBIT Low	- -	-1.48	0.89	17.53	13.89	11.92	15.65	15.38	15	15.99	13.8	15.65	13.65	11.09
Last Price	- -	- -	- -	- -	- -	- -	33.35	39	36.36	47.34	43.51	50.85	39.13	28.78
High Price	- -	- -	- -	- -	- -	- -	36.36	46.24	48.56	48.8	51.36	56.19	52.43	41.8
Enterprise Value Average	- -	-785	-71	14,268	13,942	12,795	22,614	25,780	26,816	27,706	29,092	32,759	29,792	23,333
Enterprise Value High	- -	-785	-71	14,268	13,942	12,795	23,946	28,033	28,866	30,435	33,663	36,053	33,038	27,508
Enterprise Value Low	- -	-785	-71	14,268	13,942	12,795	21,158	23,792	24,347	26,036	24,194	30,311	27,132	21,120

	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
Shares Outstanding	- -	339	339	339	339	339	339	340	329	320	339	334	327	327
Diluted Weighted Avg Shares	359	359	359	359	359	359	337	340	329	333	336	337	327	327
Basic Weighted Avg Shares	342	342	342	342	342	342	335	336	329	329	334	335	327	327
Revenue per Share	5.99	4.12	1.08	11.7	12.11	13.31	14.97	16.15	17.53	23.69	24.07	25.96	27.57	27.41
EBITDA per Share	2.84	1.71	-0.11	3.3	3.99	4.08	4.97	5.65	6.05	6.58	6.96	7.58	7.96	7.74
Operating Income per Share	0.43	1.55	-0.23	2.38	2.94	3.14	4.04	4.6	4.93	4.95	5.25	5.78	6.09	5.83
Basic EPS, GAAP	2.92	2.44	4.13	25.67	0.68	0.76	1.23	3.35	2.05	1.5	-2.24	1.79	3.96	2.54
Basic EPS from Cont Ops	2.92	1.73	3.39	26.29	1.31	1.3	1.96	4.94	3.05	2.23	-2.15	2.61	4.6	3.16
Diluted EPS, GAAP	2.79	2.33	3.94	24.46	0.64	0.72	1.23	3.31	2.05	1.48	-2.22	1.78	3.96	2.54
Diluted EPS from Cont Ops	2.78	1.65	3.23	25.04	1.25	1.23	1.95	4.88	3.05	2.21	-2.14	2.6	4.6	3.16
Dividend per Share	- -	- -	- -	- -	- -	- -	0.05	0.18	0.18	0.21	0.19	0.17	0.76	0.2
Cash Flow per Share	0.13	0.81	0.69	3.61	3.29	3.57	5.09	5.5	5.42	5.91	5.76	5.65	6	5.59
Free Cash Flow per Basic Share	0.08	0.81	0.6	3.61	2.72	3.57	5.09	5.5	5.42	5.91	5.76	5.65	6	5.59
Cash & Equivalents per Share	- -	6.93	1.96	3.23	2.57	0.37	0.86	1.83	0.28	1.5	2.98	1.79	1.11	0.94
Book Value per Share	- -	4.87	9.01	34.68	33.39	32.12	35.02	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	12.47	17.49	-3.96	-14.64	-23.17	-25.86	-24.62	-27.38	-33.32	-40.84	-43.64	-43.66	-39.42

The Liberty SiriusXM Group

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)