Monarch Services, Inc. Financial Ratios — MAHI Stock

Profitability (USD)

	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Return on Common Equity (%)	4	-8.16	-8.33	-87.5	-46.15	18.18	- -	- -	8.11	-4.86	-29.75	-57.79	-159.08	- -	- -
Return on Assets (%)	1.41	-2.86	-2.9	-22.58	-10.17	3.36	-29.31	50.72	3.11	-1.84	-9.24	-13.48	-17.33	-15.1	-29.8
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	8.66	4.05	- -	- -	- -	- -	- -	- -
Gross Margin (%)	31.88	30	100	33.78	30.77	35.44	20.37	36.84	32.77	21.95	24.35	6.27	5.59	12.15	0.08
EBITDA Margin (%)	2.9	-1.67	100	-8.11	-6.15	1.27	- -	18.42	13.22	-13.93	-9.54	-30.3	-21.28	-10.43	-24.91
Operating Margin (%)	- -	-5	100	-9.46	-9.23	- -	-3.7	15.79	11.07	-15.79	-11.8	-31.61	-23.92	-13.02	-27.86
Incremental Operating Margin (%)	60	- -	-2,000	- -	- -	42.86	- -	-50	-78.11	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	18.42	20.12	-3.5	-4.76	-28.27	-22	-11.97	-27.37
Profit Margin (%)	1.45	-3.33	-1.75	-9.46	-9.23	2.53	-31.48	92.11	6.85	-3.95	-17.35	-22.99	-22.93	-14.8	-27.37
Net Income to Common Margin (%)	1.45	-3.33	-1.75	-9.46	-9.23	2.53	-31.48	92.11	6.85	-3.95	-17.35	-22.99	-22.93	-14.8	-27.37
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	28.57	37.39	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	4	-8.16	-8.33	-87.5	-46.15	18.18	- -	- -	8.11	-4.86	-29.75	-57.79	-159.08	- -	- -

Credit (USD)

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	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	-0.28	- -	- -	- -	-0.08
Net Debt/EBITDA	-13.5	24	- -	2.67	5	-21	- -	-10.43	-15.92	13.9	10.41	0.39	0.15	0.19	0.31
Total Debt/EBIT	- -	-0.33	- -	- -	- -	- -	- -	- -	- -	- -	-0.22	- -	- -	- -	-0.07
Net Debt/EBIT	- -	8	- -	2.29	3.33	- -	8.5	-12.17	-19.01	12.26	8.41	0.37	0.13	0.15	0.28
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	35.21	34.78	- -	25.81	17.86	19.05	-11.32	35.29	41.33	34.34	27.51	18.3	2.39	-13.64	-49.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	1.61	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	5.82
Total Debt/Capital (%)	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	5.05	- -	- -	- -	-5.1
Total Debt/Total Assets (%)	- -	1.45	- -	- -	- -	- -	- -	- -	- -	- -	1.46	- -	- -	- -	2.41
Net Debt to Equity	-42.19	-38.71	- -	-29.63	-41.67	-42	-53.12	-108.96	-120.19	-118.9	-75.21	-10.42	-3.95	-3.63	-22.88
Net Debt/Capital (%)	1,350	- -	- -	- -	200	233.33	73.91	169.77	180.69	160.68	200.09	-71.68	1,291.67	13.97	16.01
EBITDA	- -	- -	6	-1	- -	- -	- -	1	1	-1	- -	-1	-1	-1	-1
EBITDA-CapEx	- -	- -	6	-1	- -	- -	- -	1	- -	-1	-3	-2	-2	-1	-1
Operating Income (Loss)	- -	- -	6	-1	-1	- -	- -	1	- -	-1	-1	-1	-1	-1	-1

Liquidity (USD)

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	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Cash Ratio	4.5	4.17	- -	1.78	2.5	1.5	0.81	4.06	4.67	4.43	2.36	1.72	0.35	0.11	0.31
Current Ratio	10.83	10.33	- -	6.11	6.25	4.07	2.24	4.44	4.8	4.67	2.92	2.07	1.47	0.68	0.57
Quick Ratio	6.5	6	- -	3.22	3.5	2.36	1.29	4.28	4.8	4.65	2.73	1.93	0.78	0.44	0.43
CFO/Avg Current Liab	0.15	- -	- -	-1.11	0.24	0.27	-0.23	0.15	0.22	-0.06	-0.62	-0.41	-0.61	-0.97	-0.36
Common Equity/Total Assets	35.21	34.78	- -	25.81	17.86	19.05	-11.32	35.29	41.33	34.34	27.51	18.3	2.39	-13.64	-49.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	1.61	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	5.82
Total Debt/Capital (%)	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	5.05	- -	- -	- -	-5.1
Total Debt/Total Assets (%)	- -	1.45	- -	- -	- -	- -	- -	- -	- -	- -	1.46	- -	- -	- -	2.41
CFO/Total Liabilities	14.29	- -	- -	-62.5	25	23.08	-19.05	16.67	19.4	-4.9	-53.71	-42.3	-35.38	-46.55	-22.39
CFO/CapEx	1	- -	- -	-1	- -	1.5	-4	- -	8.64	-0.58	-0.5	-0.98	-1.28	-43.71	-20.11
Altman's Z-Score	4.35	5.21	- -	5.43	3.78	4.12	2.35	3.66	3.6	2.81	2.27	1.26	0.91	1.73	-0.68

Working Capital (USD)

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	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.27	12.47	10.73	15.85	16.8	15.75
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.47	29.27	34.02	23.03	21.72	23.17
Inventory Turnover	2.19	1.87	- -	4.67	2.25	2.55	3.07	5.33	26.9	- -	27.63	18.4	25.87	49.7	123.6
Days Inventory Outstanding	166.97	195.54	- -	78.21	162.22	143.14	118.84	68.44	13.57	- -	13.21	19.84	14.11	7.34	2.95
Accounts Payable Turnover	18.4	18	-16	35	12.29	13.25	6.44	7.6	13.14	11.62	10.87	12.45	13.96	12.71	9.1
Accounts Payable Turnover Days	19.84	20.28	-22.81	10.43	29.71	27.55	56.64	48.03	27.78	31.4	33.57	29.32	26.14	28.71	40.12
Cash Conversion Cycle	147.13	175.26	- -	67.79	132.51	115.59	62.2	20.41	-14.21	-18.93	8.91	24.54	11	0.36	-14
Inventory to Cash Days	-166.97	-195.54	- -	-78.21	-162.22	-143.14	-118.84	-68.44	-13.57	12.47	16.06	14.18	8.92	14.38	20.21
Inventories	2	2	- -	2	2	2	1	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	2	2	- -	2	2	2	1	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Market Capitalization	2	3	4	4	2	4	4	5	6	4	4	2	2	5	1
- Cash & Cash Equivalents	3	2	- -	2	2	2	2	7	8	8	5	1	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	1	4	3	- -	2	2	-2	-3	-4	-1	-1	2	4	- -
Total Capital	2	2	- -	2	1	1	-1	3	4	3	2	1	- -	-1	-2
Total Debt/Capital (%)	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	5.05	- -	- -	- -	-5.1
Total Debt / EV	- -	0.09	- -	- -	- -	- -	- -	- -	- -	- -	-0.13	- -	- -	- -	0.34
EV/Sales	- -	0.18	0.73	0.39	0.07	0.22	0.35	- -	- -	- -	- -	- -	0.41	0.78	0.06
EV/EBITDA	- -	- -	0.73	- -	- -	17.47	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	0.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	2	3	4	4	2	4	4	5	6	4	4	2	2	5	1
Diluted Enterprise Value	- -	1	4	3	- -	2	2	-2	-2	-4	-1	2	2	4	- -
EV per Share	- -	0.66	2.5	1.85	0.27	1.08	1.18	- -	- -	- -	- -	- -	1.24	2.71	0.18
TTM Sales	7	6	6	7	6	8	5	4	4	4	5	4	5	6	5
TTM EBITDA	- -	- -	6	-1	- -	- -	- -	1	1	-1	- -	-1	-1	-1	-1
TTM Operating Income	- -	- -	6	-1	-1	- -	- -	1	- -	-1	-1	-1	-1	-1	-1
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	-1	-1

Multiples (USD)

API Chat

	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Price/Free Cash Flow	11.02	11.64	- -	- -	12.15	8.38	-11.92	16.13	13.39	55.72	3.09	110.82	-13.85	-5.06	-1.41
EV/EBIT	- -	- -	0.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	1	4	3	- -	2	2	-2	-3	-4	-1	-1	2	4	- -
Low Price	1.5	1.5	1.62	2	1.5	1.38	1.62	1.5	2.38	2.49	2.15	1.1	1.01	1.06	0.41
EV/Sales	- -	0.18	0.73	0.39	0.07	0.22	0.35	- -	- -	- -	- -	- -	0.41	0.78	0.06
EV/EBITDA	- -	- -	0.73	- -	- -	17.47	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	22.05	- -	- -	- -	- -	19.24	- -	1.38	20.32	- -	- -	- -	- -	- -	- -
Price/Earnings Average	21.27	-14.35	-37.7	-6.33	-5.49	16.43	-2.47	1.13	20.21	-34.84	-5.29	-2.52	-2.09	-3.91	-1.46
Price/Earnings High	29.4	-18.48	-52.08	-8.61	-7.76	25.31	-5.14	1.84	26.6	-45.13	-6.83	-3.73	-4.01	-9.25	-3.69
Price/Earnings Low	17.64	-12.32	-27.08	-4.44	-4.05	11.14	-1.52	0.69	14.04	-24.3	-4.38	-1.75	-1.47	-2.06	-0.48
Price/Book Value	0.88	1.45	- -	2.8	2.43	3.21	-5.96	1.61	1.48	1.36	1.61	1.68	15.4	-6.57	-0.35
Price/Book Value Average	0.85	1.2	- -	2.77	3.29	2.74	-7	1.31	1.47	1.88	1.85	2.05	16.27	-4.72	-0.97
Price/Book Value High	1.18	1.54	- -	3.77	4.66	4.22	-14.56	2.15	1.94	2.44	2.39	3.03	31.15	-11.17	-2.45
Price/Book Value Low	0.71	1.03	- -	1.94	2.43	1.86	-4.3	0.81	1.02	1.31	1.53	1.42	11.44	-2.49	-0.32
Price/Tangible Book Value	0.34	0.57	- -	0.83	0.51	0.77	1.12	0.72	0.8	0.61	0.61	0.42	0.59	1.57	0.48
Price/Tangible Book Value Average	0.33	0.47	- -	0.82	0.69	0.66	1.31	0.59	0.79	0.85	0.7	0.51	0.63	1.13	1.32
Price/Tangible Book Value High	0.46	0.61	- -	1.12	0.97	1.01	2.73	0.96	1.04	1.1	0.9	0.76	1.2	2.68	3.34
Price/Tangible Book Value Low	0.28	0.4	- -	0.58	0.51	0.45	0.81	0.36	0.55	0.59	0.58	0.36	0.44	0.6	0.44
Price/Sales	0.32	0.58	0.73	0.6	0.37	0.49	0.66	1.27	1.39	1	0.8	0.47	0.45	0.81	0.15
Price/Sales Average	0.31	0.48	0.66	0.6	0.51	0.42	0.78	1.04	1.38	1.38	0.92	0.58	0.48	0.58	0.4
Price/Sales High	0.43	0.62	0.91	0.81	0.72	0.64	1.62	1.7	1.82	1.78	1.18	0.86	0.92	1.37	1.01
Price/Sales Low	0.26	0.41	0.48	0.42	0.37	0.28	0.48	0.64	0.96	0.96	0.76	0.4	0.34	0.3	0.13
Price/Cash Flow	22.05	- -	- -	-8.94	12.15	12.82	-8.94	16.13	13.72	-40.57	-3.07	-2.72	-3.03	-4.94	-1.34
Price/Cash Flow Average	21.27	- -	- -	-8.86	16.46	10.95	-10.49	13.14	13.64	-56.15	-3.52	-3.32	-3.21	-3.55	-3.67
Price/Cash Flow High	29.4	- -	- -	-12.06	23.29	16.87	-21.85	21.51	17.95	-72.73	-4.54	-4.91	-6.13	-8.4	-9.31
Price/Cash Flow Low	17.64	- -	- -	-6.22	12.15	7.42	-6.45	8.06	9.48	-39.16	-2.92	-2.3	-2.25	-1.87	-1.22
Price/Free Cash Flow Average	10.64	9.56	- -	- -	16.46	7.16	-13.99	13.14	13.32	77.12	3.54	135.4	-14.63	-3.63	-3.87
Price/Free Cash Flow High	14.7	12.32	- -	- -	23.29	11.03	-29.13	21.51	17.53	99.89	4.57	200.32	-28.01	-8.59	-9.79
Price/Free Cash Flow Low	8.82	8.22	- -	- -	12.15	4.85	-8.61	8.06	9.25	53.78	2.93	93.77	-10.29	-1.91	-1.29
EV/Sales Average	- -	0.08	0.66	0.38	0.2	0.15	0.46	- -	- -	- -	- -	0.46	0.45	0.56	0.32
EV/Sales High	0.03	0.22	0.91	0.6	0.41	0.37	1.3	- -	- -	- -	0.19	0.74	0.89	1.35	0.93
EV/Sales Low	- -	0.01	0.48	0.2	0.07	0.02	0.16	- -	- -	- -	- -	0.28	0.31	0.29	0.05
EV/EBITDA Average	-2.86	-4.69	0.66	-4.72	-3.23	11.86	- -	-4.8	-5.45	4.01	0.79	-1.52	-2.1	-5.36	-1.28
EV/EBITDA High	1.2	-12.97	0.91	-7.38	-6.64	29.62	- -	-1.21	-2.14	1.09	-2.01	-2.44	-4.17	-12.94	-3.73
EV/EBITDA Low	-4.68	-0.64	0.48	-2.52	-1.08	1.27	- -	-6.97	-8.65	7	2.44	-0.94	-1.43	-2.73	-0.22
EV/EBIT Average	- -	-1.56	0.66	-4.05	-2.15	- -	-12.49	-5.6	-6.51	3.54	0.64	-1.46	-1.87	-4.29	-1.15
EV/EBIT High	- -	-4.32	0.91	-6.33	-4.43	- -	-35.19	-1.41	-2.56	0.96	-1.62	-2.34	-3.71	-10.36	-3.34
EV/EBIT Low	- -	-0.22	0.48	-2.16	-0.72	- -	-4.41	-8.13	-10.33	6.18	1.97	-0.9	-1.28	-2.19	-0.19
Last Price	1.88	2.12	2.5	2.88	1.5	2.38	2.25	3	3.44	2.58	2.26	1.3	1.36	2.8	0.45
High Price	2.5	2.25	3.12	3.88	2.88	3.12	5.5	4	4.5	4.62	3.35	2.35	2.75	4.76	3.12
Enterprise Value Average	-1	- -	4	3	1	1	2	-3	-3	-2	- -	2	2	3	2
Enterprise Value High	- -	1	5	4	3	3	7	-1	-1	-1	1	3	4	8	5
Enterprise Value Low	-1	- -	3	2	- -	- -	1	-5	-5	-4	-1	1	1	2	- -

	1992 Y	1993 Y	1994 Y	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y
Shares Outstanding	1	2	- -	2	2	2	2	2	2	2	2	2	2	2	2
Diluted Weighted Avg Shares	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Basic Weighted Avg Shares	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Revenue per Share	5.87	3.65	3.42	4.76	4.01	4.88	3.4	2.36	2.47	2.59	2.83	2.74	2.99	3.48	3.09
EBITDA per Share	0.17	-0.06	3.42	-0.39	-0.25	0.06	- -	0.43	0.33	-0.36	-0.27	-0.83	-0.64	-0.36	-0.77
Operating Income per Share	- -	-0.18	3.42	-0.45	-0.37	- -	-0.13	0.37	0.27	-0.41	-0.33	-0.87	-0.72	-0.45	-0.86
Basic EPS, GAAP	0.09	-0.12	-0.06	-0.45	-0.37	0.12	-1.07	2.17	0.17	-0.1	-0.49	-0.63	-0.69	-0.51	-0.85
Basic EPS from Cont Ops	0.09	-0.12	-0.06	-0.45	-0.37	0.12	-0.06	0.31	0.31	-0.07	-0.1	-0.61	-0.66	-0.42	-0.85
Diluted EPS, GAAP	0.09	-0.12	-0.06	-0.45	-0.37	0.11	-1.07	2.17	0.16	-0.1	-0.49	-0.63	-0.69	-0.51	-0.85
Diluted EPS from Cont Ops	0.09	-0.12	-0.06	-0.45	-0.37	0.11	-0.06	0.31	0.29	-0.07	-0.1	-0.61	-0.66	-0.42	-0.85
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.09	- -	- -	-0.32	0.12	0.19	-0.25	0.19	0.25	-0.06	-0.74	-0.48	-0.45	-0.57	-0.34
Free Cash Flow per Basic Share	- -	-0.18	- -	-0.64	0.12	0.06	-0.31	0.19	0.22	-0.17	-2.21	-0.97	-0.8	-0.58	-0.35
Cash & Equivalents per Share	2.3	1.52	- -	1.03	1.23	1.3	1.07	4.53	5.22	5.03	2.9	1.94	0.12	0.09	0.33
Book Value per Share	2.13	1.46	- -	1.03	0.62	0.74	-0.38	1.86	2.32	1.9	1.4	0.77	0.09	-0.43	-1.27
Tangible Book Value per Share	5.44	3.71	- -	3.47	2.96	3.09	2.01	4.15	4.32	4.21	3.73	3.1	2.29	1.78	0.93

Monarch Services, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)