Medley Management Inc. Financial Ratios — MDLM Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Return on Common Equity (%)	- -	- -	1,021.08	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	- -	0.23	0.6	0.82	0.74	-2.36	-5.32	-6.32
Return on Capital (%)	- -	-6.88	-7.29	-1.41	0.57	-9.73	- -	- -	- -
Return on Invested Capital (%)	- -	1.87	4.95	6.12	26.12	44.02	- -	- -	- -
Gross Margin (%)	41.13	52.35	73.98	72.24	63.81	59.16	43.96	40.78	35.28
EBITDA Margin (%)	1.97	21.34	49.62	47.94	27.43	40.5	11.6	7.03	-11.99
Operating Margin (%)	1.01	20.71	49.07	47.27	26.23	39.1	9.69	5.59	-14.15
Incremental Operating Margin (%)	- -	56.31	93.02	74.59	-140.35	-50.51	234.08	35.82	- -
Pretax Margin (%)	86.98	87.02	99.66	33.59	14.5	29.62	-37.64	-24.69	-60.7
Profit Margin (%)	- -	- -	2.35	4.61	1.31	1.43	-4.3	-6.92	-8.01
Net Income to Common Margin (%)	- -	- -	2.35	4.61	1.31	1.43	-4.3	-6.92	-8.01
Effective Tax Rate (%)	4.42	4.29	3.51	8.9	9.65	10.15	- -	- -	- -
Dvd Payout Ratio (%)	30.18	- -	- -	10.78	29.2	17.11	-14.16	-0.79	- -
Sustainable Growth Rate (%)	- -	- -	1,021.08	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Total Debt	7	69	244	101	102	126	128	137	135
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	7	69	244	101	102	126	128	137	135
Total Debt/EBITDA	11.74	7.39	6.82	3.12	4.89	4.8	19.46	39.82	-33.89
Net Debt/EBITDA	-124.16	0.37	3.32	0.9	2.51	3.41	16.83	34.33	-31.42
Total Debt/EBIT	22.86	7.61	6.9	3.16	5.12	4.97	23.28	50.05	-28.73
Net Debt/EBIT	-241.79	0.38	3.36	0.92	2.63	3.53	20.14	43.16	-26.63
EBITDA to Interest Expense	0.16	2.27	2.31	3.82	2.26	2.22	0.61	0.3	-0.38
EBITDA-CapEx/Interest Expense	0.12	2.05	2.28	3.72	2.05	2.22	0.6	0.29	-0.38
EBIT to Interest Expense	0.08	2.21	2.29	3.76	2.16	2.15	0.51	0.24	-0.45
Interest Expense	3	4	15	8	9	12	11	11	10
Common Equity/Total Assets	- -	- -	0.04	-0.56	-4.25	-7.42	-25.01	-47.04	-71.41
Long-Term Debt/Equity (%)	1.6	15.51	39.32	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	1.57	12.96	28.14	122.19	200.08	264.04	1,362.29	2,889.6	-837.23
Long-Term Debt/Total Assets (%)	1.49	12.57	26.82	84.23	83.33	98.6	163.02	280.04	380.19
Total Debt/Equity (%)	1.6	15.51	39.32	-570.31	-213.95	-163.95	-115.27	-115.72	-101.12
Total Debt/Capital (%)	1.57	12.96	28.14	122.19	200.08	264.53	1,362.29	2,889.6	-837.23
Total Debt/Total Assets (%)	1.49	12.57	26.82	84.23	83.33	98.78	163.02	280.04	380.19
Net Debt to Equity	-16.93	0.77	19.14	-165	-109.74	-116.51	-99.7	-99.78	-93.73
Net Debt/Capital (%)	-20.36	0.73	16.01	268.6	4,023.46	784.95	-1,403.37	-2,021.34	-626.23
EBITDA	1	9	36	32	21	26	7	3	-4
EBITDA-CapEx	- -	8	35	32	19	26	6	3	-4
Operating Income (Loss)	- -	9	35	32	20	25	5	3	-5

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Cash Ratio	4.09	2.38	3.55	2.71	2.01	2.53	0.67	0.47	0.16
Current Ratio	4.62	2.99	4.42	3.62	3.21	4.21	1.23	1.04	0.68
Quick Ratio	4.62	2.99	4.4	3.54	2.89	4.11	1.18	0.95	0.45
CFO/Avg Current Liab	- -	-1.84	-6.24	0.78	0.62	0.64	0.81	0.09	-0.13
Common Equity/Total Assets	- -	- -	0.04	-0.56	-4.25	-7.42	-25.01	-47.04	-71.41
Long-Term Debt/Equity (%)	1.6	15.51	39.32	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	1.57	12.96	28.14	122.19	200.08	264.04	1,362.29	2,889.6	-837.23
Long-Term Debt/Total Assets (%)	1.49	12.57	26.82	84.23	83.33	98.6	163.02	280.04	380.19
Total Debt/Equity (%)	1.6	15.51	39.32	-570.31	-213.95	-163.95	-115.27	-115.72	-101.12
Total Debt/Capital (%)	1.57	12.96	28.14	122.19	200.08	264.53	1,362.29	2,889.6	-837.23
Total Debt/Total Assets (%)	1.49	12.57	26.82	84.23	83.33	98.78	163.02	280.04	380.19
CFO/Total Liabilities	-379.17	-40.67	-67.89	17.51	9.35	6.13	8.59	1.29	-1.88
CFO/CapEx	-837.96	-46.22	-377.02	30.27	8.21	172.1	289.59	17.02	-198.56
Altman's Z-Score	0.25	0.25	0.37	2.13	1.64	1.5	0.75	0.6	-0.77

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Accounts Receivable Turnover	- -	4.91	4.37	3.42	4.19	3.69	4.04	5.32	4.76
Days Sales Outstanding	- -	74.3	83.46	106.74	87.19	99.04	90.35	68.67	76.69
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	11.64	3.79	3.63	12.06	15.5	14.84	13.37	9.86
Accounts Payable Turnover Days	- -	31.37	96.21	100.49	30.27	23.55	24.6	27.31	37.02
Cash Conversion Cycle	- -	42.93	-12.75	6.25	56.92	75.49	65.74	41.36	39.68
Inventory to Cash Days	- -	74.3	83.46	106.74	87.19	99.04	90.35	68.67	76.69
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Market Capitalization	- -	- -	- -	- -	2	5	17	15	- -
- Cash & Cash Equivalents	75	66	125	72	50	36	17	11	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	407	465	623	-18	-46	-69	-99	-109	-126
+ Total Debt	7	69	244	101	102	126	128	137	135
Enterprise Value	338	468	742	12	8	26	28	32	5
Total Capital	414	534	868	83	51	48	9	5	-16
Total Debt/Capital (%)	1.57	12.96	28.14	122.19	200.08	264.53	1,362.29	2,889.6	-837.23
Total Debt / EV	0.02	0.15	0.33	8.52	12	4.93	4.5	4.28	25.12
EV/Sales	11.99	10.67	10.29	0.18	0.11	0.39	0.5	0.65	0.16
EV/EBITDA	609.88	49.99	20.73	0.37	0.41	0.97	4.32	9.3	- -
EV/EBIT	1,187.66	51.51	20.96	0.37	0.43	1.01	5.17	11.69	- -
EV/Cash Flow to Firm	- -	- -	- -	0.37	0.35	1.1	1.04	1.76	0.85
EV/Free Cash Flow to Firm	- -	- -	- -	0.36	0.32	1.1	1.04	1.75	0.85
Diluted Market Cap	- -	- -	- -	- -	2	5	17	15	- -
Diluted Enterprise Value	338	468	742	12	8	26	28	32	5
EV per Share	115.39	159.52	1,237.19	19.73	14.64	46.12	50.76	54.28	- -
TTM Sales	28	44	72	67	76	65	57	49	33
TTM EBITDA	1	9	36	32	21	26	7	3	-4
TTM Operating Income	- -	9	35	32	20	25	5	3	-5
TTM Cash Flow to Firm	-114	-38	-181	32	24	23	27	18	6
TTM Free Cash Flow to Firm	-114	-38	-181	33	26	23	27	18	6

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Price/Free Cash Flow	- -	- -	- -	0.01	0.11	0.37	1.02	6.51	- -
EV/EBIT	1,187.66	51.51	20.96	0.37	0.43	1.01	5.17	11.69	- -
Enterprise Value	338	468	742	12	8	26	28	32	5
Low Price	- -	- -	133.5	44.6	34.3	55	31	21.6	2.8
EV/Sales	11.99	10.67	10.29	0.18	0.11	0.39	0.5	0.65	0.16
EV/EBITDA	609.88	49.99	20.73	0.37	0.41	0.97	4.32	9.3	- -
Price/Earnings	- -	- -	0.2	0.1	2.01	5.05	- -	- -	- -
Price/Earnings Average	- -	- -	0.19	0.09	0.92	2.78	-3.94	-4.61	- -
Price/Earnings High	- -	- -	61.73	29.21	62	62	-16.29	-8.68	- -
Price/Earnings Low	- -	- -	47.26	8.61	19.97	32.95	-7.11	-3.76	- -
Price/Book Value	- -	- -	1.01	-0.46	-0.39	-0.49	-0.85	-0.64	- -
Price/Book Value Average	- -	- -	0.98	-0.42	-0.18	-0.27	-0.49	-0.68	- -
Price/Book Value High	- -	- -	315.18	-135.64	-11.9	-6.06	-2.03	-1.28	- -
Price/Book Value Low	- -	- -	241.27	-39.96	-3.83	-3.22	-0.88	-0.55	- -
Price/Tangible Book Value	- -	- -	- -	-0.02	-0.04	-0.06	-0.15	-0.13	- -
Price/Tangible Book Value Average	- -	- -	- -	-0.02	-0.02	-0.03	-0.09	-0.13	- -
Price/Tangible Book Value High	- -	- -	0.17	-5.14	-1.3	-0.75	-0.36	-0.25	- -
Price/Tangible Book Value Low	- -	- -	0.13	-1.51	-0.42	-0.4	-0.16	-0.11	- -
Price/Sales	- -	- -	- -	- -	0.03	0.07	0.29	0.3	- -
Price/Sales Average	- -	- -	- -	- -	0.01	0.04	0.17	0.32	- -
Price/Sales High	- -	- -	1.45	1.35	0.81	0.88	0.7	0.6	- -
Price/Sales Low	- -	- -	1.11	0.4	0.26	0.47	0.31	0.26	- -
Price/Cash Flow	- -	- -	- -	0.01	0.13	0.37	1.02	6.89	- -
Price/Cash Flow Average	- -	- -	- -	0.01	0.06	0.21	0.59	7.26	- -
Price/Cash Flow High	- -	- -	-0.53	3.78	3.89	4.57	2.44	13.67	- -
Price/Cash Flow Low	- -	- -	-0.41	1.11	1.25	2.43	1.07	5.92	- -
Price/Free Cash Flow Average	- -	- -	- -	0.01	0.05	0.2	0.59	6.86	- -
Price/Free Cash Flow High	- -	- -	-0.53	3.66	3.47	4.55	2.43	12.92	- -
Price/Free Cash Flow Low	- -	- -	-0.41	1.08	1.12	2.42	1.06	5.59	- -
EV/Sales Average	11.99	10.67	10.29	0.18	0.1	0.36	0.38	0.67	0.16
EV/Sales High	11.99	10.67	11.73	1.52	0.9	1.21	0.91	0.95	0.16
EV/Sales Low	11.99	10.67	11.39	0.57	0.35	0.79	0.51	0.61	0.16
EV/EBITDA Average	609.88	49.99	20.73	0.37	0.36	0.89	3.25	9.53	-1.35
EV/EBITDA High	609.88	49.99	23.64	3.17	3.28	2.98	7.83	13.54	-1.35
EV/EBITDA Low	609.88	49.99	22.95	1.19	1.27	1.95	4.43	8.69	-1.35
EV/EBIT Average	1,187.66	51.51	20.96	0.37	0.37	0.92	3.89	11.98	-1.14
EV/EBIT High	1,187.66	51.51	23.91	3.21	3.43	3.08	9.37	17.02	-1.14
EV/EBIT Low	1,187.66	51.51	23.21	1.2	1.33	2.02	5.29	10.92	-1.14
Last Price	- -	- -	0.56	0.51	3.45	8.43	29.79	25.15	7.99
High Price	- -	- -	174.4	151.4	106.5	103.5	71	49.9	33
Enterprise Value Average	338	468	742	12	7	24	21	33	5
Enterprise Value High	338	468	847	102	68	78	51	46	5
Enterprise Value Low	338	468	822	38	26	51	29	30	5

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y
Shares Outstanding	3	3	3	3	3	3	3	3	3
Diluted Weighted Avg Shares	3	3	1	1	1	1	1	1	- -
Basic Weighted Avg Shares	3	3	1	1	1	1	1	1	- -
Revenue per Share	9.63	14.96	120.29	112.33	130.84	117.11	101.28	83.09	- -
EBITDA per Share	0.19	3.19	59.69	53.85	35.89	47.44	11.74	5.84	- -
Operating Income per Share	0.1	3.1	59.02	53.1	34.32	45.79	9.82	4.64	- -
Basic EPS, GAAP	- -	- -	2.82	5.18	1.72	1.67	-4.36	-5.75	- -
Basic EPS from Cont Ops	8	12.46	115.67	34.37	17.15	31.17	-38.58	-28.53	- -
Diluted EPS, GAAP	- -	- -	2.82	5.18	1.72	1.67	-4.36	-5.75	- -
Diluted EPS from Cont Ops	8	12.46	115.67	34.37	17.15	31.17	-38.58	-28.53	- -
Dividend per Share	4.83	- -	- -	6.85	9.51	10.38	10.31	0.4	- -
Cash Flow per Share	-39.99	-14.46	-327.38	40.09	27.39	22.62	29.06	3.65	- -
Free Cash Flow per Basic Share	-40.04	-14.78	-328.24	38.76	24.05	22.49	28.96	3.43	- -
Cash & Equivalents per Share	25.71	22.41	208.86	119.43	85.57	65.42	30.86	17.96	- -
Book Value per Share	- -	- -	0.55	-1.12	-8.95	-17.09	-35.06	-39.05	- -
Tangible Book Value per Share	138.73	152.03	1,035.08	-29.47	-82.12	-138.8	-198.26	-200.89	- -

Medley Management Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)