Ramaco Resources, Inc. Financial Ratios — METC Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	-38.7	137.71	123.45	70.67	13.77	-146.35
Return on Assets (%)	- -	-14.49	-10.77	-11.54	14.91	12.01	-2.15	14.26	25.08	13.04	1.67	-5.67
Return on Capital (%)	- -	- -	- -	- -	-150.37	186.96	- -	66.41	64.34	37.88	8.64	- -
Return on Invested Capital (%)	- -	- -	- -	- -	18.17	14.67	- -	15.76	33.63	16.33	2.67	- -
Gross Margin (%)	- -	- -	15.7	0.84	22.42	29.43	13.86	31.05	41.14	28.8	19.96	15.51
EBITDA Margin (%)	- -	- -	-139.53	-20.87	16.05	21.31	1.08	23.2	33.87	21.56	12.34	2.27
Operating Margin (%)	- -	- -	-144.36	-26.04	10.59	12.83	-11.3	13.95	26.58	13.73	2.5	-10.43
Incremental Operating Margin (%)	- -	- -	- -	- -	24.01	205.99	- -	51.21	39.27	-43.13	288.7	- -
Pretax Margin (%)	- -	- -	-144.08	-25.26	11.07	13.07	-4.97	15.67	25.84	15.09	2.24	-11.58
Profit Margin (%)	- -	- -	-144.08	-25.26	11.02	10.83	-2.91	14.03	20.51	11.87	1.68	-9.59
Net Income to Common Margin (%)	- -	- -	-144.08	-25.26	11.02	10.83	-2.91	14.03	20.51	11.87	1.68	-9.59
Effective Tax Rate (%)	- -	- -	- -	- -	0.45	17.15	- -	10.46	20.63	21.35	24.99	- -
Dvd Payout Ratio (%)	- -	- -	- -	-35.06	- -	- -	- -	- -	17.27	31.37	219.82	-8.44
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	-38.7	137.71	102.13	48.5	-16.5	-158.69

Credit (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	11	11	11	- -	9	13	17	51	138	101	102	469
ST Debt	- -	- -	- -	- -	5	3	5	11	82	62	7	7
LT Debt	11	11	11	- -	4	10	13	40	57	39	96	462
Total Debt/EBITDA	-6.26	-4.58	-1.53	- -	0.26	0.26	9.59	0.78	0.72	0.67	1.24	38.44
Net Debt/EBITDA	-6.26	-4.15	-0.82	0.47	0.07	0.15	6.68	0.33	0.48	0.32	0.68	0.91
Total Debt/EBIT	-6.26	-4.58	-1.48	- -	0.39	0.44	-0.91	1.3	0.92	1.06	6.15	-8.38
Net Debt/EBIT	-6.26	-4.15	-0.79	0.37	0.1	0.25	-0.64	0.54	0.61	0.51	3.34	-0.2
EBITDA to Interest Expense	-2,838.46	-1,213.89	-58.69	-557.73	25.59	41.12	1.49	25.72	28.05	16.79	13.43	1.56
EBITDA-CapEx/Interest Expense	-9,566	-3,736.65	-193.56	-3,843	-8.14	2.79	-18.74	14.19	28.05	16.79	13.43	-0.81
EBIT to Interest Expense	-2,838.46	-1,213.89	-60.73	-695.81	16.89	24.75	-15.6	15.47	22.02	10.7	2.72	-7.17
Interest Expense	- -	- -	- -	- -	1	1	1	3	7	9	6	8
Common Equity/Total Assets	- -	- -	-15.31	-23.56	-5.22	6.67	4.48	14.44	23.56	13.89	10.39	0.02
Long-Term Debt/Equity (%)	- -	160.41	12.69	- -	3.17	5.65	7.44	19.09	18.27	10.43	26.38	95.45
Long-Term Debt/Capital (%)	100	100	13.02	- -	-1,304.37	34.25	45.43	40.73	20.28	19.98	55.53	98.38
Long-Term Debt/Total Assets (%)	93.11	52.49	8.92	- -	2.38	4.24	5.5	12.25	9.48	5.79	14.19	40.47
Total Debt/Equity (%)	-1,135.97	160.41	13.28	- -	6.71	7.61	10.32	24.37	44.67	27.2	28.19	96.96
Total Debt/Capital (%)	100	100	13.63	- -	-2,762.1	46.12	63.03	51.98	49.57	52.09	59.35	99.95
Total Debt/Total Assets (%)	93.11	52.49	9.34	- -	5.03	5.71	7.63	15.63	23.16	15.1	15.16	41.11
Net Debt to Equity	-1,135.97	145.49	7.08	-5.23	1.79	4.36	7.19	10.18	29.63	13.05	15.31	2.29
Net Debt/Capital (%)	100	100	7.76	14.53	-34.59	32.9	54.27	27.88	37.7	31.92	39.86	38.47
EBITDA	-2	-2	-7	-13	37	49	2	66	192	149	82	12
EBITDA-CapEx	-6	-7	-24	-88	-12	3	-23	36	192	149	82	-6
Operating Income (Loss)	-2	-2	-8	-16	24	30	-19	40	150	95	17	-56

Liquidity (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	1.09	3.94	0.5	0.23	0.21	0.18	0.47	0.22	0.25	0.27	4.02
Current Ratio	- -	1.37	4.12	1.31	1.17	1.68	1.46	1.86	0.91	1.12	1.37	5.46
Quick Ratio	- -	1.09	3.99	0.82	0.59	0.94	0.88	1.42	0.47	0.82	0.87	4.52
CFO/Avg Current Liab	- -	-4.19	-0.47	-0.45	1.38	1.51	0.48	1.41	1.79	0.97	0.77	0.02
Common Equity/Total Assets	- -	- -	-15.31	-23.56	-5.22	6.67	4.48	14.44	23.56	13.89	10.39	0.02
Long-Term Debt/Equity (%)	- -	160.41	12.69	- -	3.17	5.65	7.44	19.09	18.27	10.43	26.38	95.45
Long-Term Debt/Capital (%)	100	100	13.02	- -	-1,304.37	34.25	45.43	40.73	20.28	19.98	55.53	98.38
Long-Term Debt/Total Assets (%)	93.11	52.49	8.92	- -	2.38	4.24	5.5	12.25	9.48	5.79	14.19	40.47
Total Debt/Equity (%)	-1,135.97	160.41	13.28	- -	6.71	7.61	10.32	24.37	44.67	27.2	28.19	96.96
Total Debt/Capital (%)	100	100	13.63	- -	-2,762.1	46.12	63.03	51.98	49.57	52.09	59.35	99.95
Total Debt/Total Assets (%)	93.11	52.49	9.34	- -	5.03	5.71	7.63	15.63	23.16	15.1	15.16	41.11
CFO/Total Liabilities	-13.25	-14	-10.9	-24.41	76.76	74.71	22.36	45.22	65.43	54.36	36.12	0.3
CFO/CapEx	-0.41	-0.4	-0.23	-0.11	0.75	0.93	0.54	1.81	- -	- -	- -	0.11
Altman's Z-Score	-0.48	-0.36	0.1	4.25	4.11	3.18	1.83	4.65	2.89	3.36	2.35	1.79

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	11.4	15.11	25.43	15.36	8.54	8.75	13.21	10.05	7.82	8.39
Days Sales Outstanding	- -	- -	32.01	24.16	14.35	23.77	42.74	41.7	27.62	36.33	46.69	43.51
Inventory Turnover	- -	- -	5.79	10.46	14.57	11.04	10.7	14.09	10.96	12.02	13.25	6.95
Days Inventory Outstanding	- -	- -	63.03	34.91	25.06	33.08	34.13	25.91	33.31	30.36	27.56	52.53
Accounts Payable Turnover	- -	- -	1.23	4.85	10.06	12.09	12.69	14.71	14.44	11.24	10.74	10.99
Accounts Payable Turnover Days	- -	- -	296.05	75.29	36.29	30.19	28.76	24.81	25.28	32.46	33.99	33.2
Cash Conversion Cycle	- -	- -	-201.01	-16.21	3.12	26.66	48.11	42.79	35.65	34.22	40.25	62.84
Inventory to Cash Days	- -	- -	-31.03	-10.75	-10.71	-9.31	8.61	15.79	-5.68	5.97	19.13	-9.02
Inventories	- -	- -	2	10	14	15	12	16	45	37	43	87
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	27	25	25	39
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	18	12	18	49
Other Inventory	- -	- -	2	10	14	15	12	16	- -	- -	- -	- -

Enterprise Value (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	259	198	146	122	598	388	799	552	1,056
- Cash & Cash Equivalents	- -	1	5	6	7	6	5	22	36	42	33	440
+ Preferred Equity and Hybrid Capital	- -	- -	89	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	11	11	11	- -	9	13	17	51	138	101	102	469
Enterprise Value	11	10	39	248	201	154	134	627	491	858	621	1,084
Total Capital	11	11	82	-35	- -	28	28	99	279	193	172	469
Total Debt/Capital (%)	100	100	13.63	- -	-2,762.1	46.12	63.03	51.98	49.57	52.09	59.35	99.95
Total Debt / EV	1	1.1	0.28	- -	0.05	0.08	0.13	0.08	0.28	0.12	0.16	0.43
EV/Sales	- -	- -	7.57	4.06	0.88	0.67	0.8	2.21	0.87	1.24	0.93	2.02
EV/EBITDA	- -	- -	- -	- -	5.5	3.13	73.91	9.54	2.56	5.74	7.55	88.88
EV/EBIT	- -	- -	- -	- -	8.33	5.2	- -	15.87	3.26	9	37.33	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	5.34	3.54	9.58	11.28	2.54	5.1	5.3	128.61
EV/Free Cash Flow to Firm	4.45	3.3	3.04	3.72	2.34	1.72	3.47	7.37	2.54	5.1	5.3	40.19
Diluted Market Cap	- -	- -	- -	259	199	146	122	602	393	817	552	1,056
Diluted Enterprise Value	11	10	95	253	202	154	134	631	495	876	621	1,084
EV per Share	0.28	0.25	1.01	6.58	5.01	3.76	3.17	14.27	11.11	18.44	11.55	18.49
TTM Sales	- -	- -	5	61	228	230	169	283	566	694	666	537
TTM EBITDA	-2	-2	-7	-13	37	49	2	66	192	149	82	12
TTM Operating Income	-2	-2	-8	-16	24	30	-19	40	150	95	17	-56
TTM Cash Flow to Firm	-2	-2	-4	-8	38	43	14	56	193	168	117	8
TTM Free Cash Flow to Firm	2	3	13	67	86	89	39	85	193	168	117	27

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	3.89	2.36	1.66	3.21	7.27	2.09	5.08	4.9	51.46
EV/EBIT	- -	- -	- -	- -	8.33	5.2	- -	15.87	3.26	9	37.33	- -
Enterprise Value	11	10	39	248	201	154	134	627	491	858	621	1,084
Low Price	- -	- -	- -	3.81	4.35	3.01	1.75	2.76	8.43	7.26	9.03	6.3
EV/Sales	- -	- -	7.57	4.06	0.88	0.67	0.8	2.21	0.87	1.24	0.93	2.02
EV/EBITDA	- -	- -	- -	- -	5.5	3.13	73.91	9.54	2.56	5.74	7.55	88.88
Price/Earnings	- -	- -	- -	- -	7.9	5.86	- -	15.04	3.35	9.71	49.29	- -
Price/Earnings Average	- -	- -	- -	-17.57	11.21	7.96	-24.36	8.6	4.91	5.84	67.56	-19.76
Price/Earnings High	- -	- -	- -	-36.05	14.93	11.83	-34.44	22.1	8.27	11.27	109.05	-65.89
Price/Earnings Low	- -	- -	- -	-9.29	6.95	4.93	-15.14	3.05	3.21	4.1	43.38	-7.18
Price/Book Value	- -	- -	- -	-7.41	-20.19	9.67	11.95	12.59	2.76	8.64	7.87	4,398.68
Price/Book Value Average	- -	- -	- -	-7.76	-28.64	13.12	11.68	7.19	4.05	5.2	10.79	4,235.79
Price/Book Value High	- -	- -	- -	-15.93	-38.13	19.49	16.51	18.5	6.83	10.03	17.42	14,124.63
Price/Book Value Low	- -	- -	- -	-4.11	-17.74	8.13	7.26	2.55	2.65	3.65	6.93	1,539.54
Price/Tangible Book Value	- -	- -	- -	2.28	1.4	0.86	0.72	2.83	1.26	2.16	1.52	2.18
Price/Tangible Book Value Average	- -	- -	- -	2.39	1.99	1.17	0.71	1.62	1.84	1.3	2.08	2.1
Price/Tangible Book Value High	- -	- -	- -	4.9	2.65	1.73	1	4.16	3.1	2.51	3.36	7.01
Price/Tangible Book Value Low	- -	- -	- -	1.26	1.23	0.72	0.44	0.57	1.2	0.91	1.34	0.76
Price/Sales	- -	- -	- -	4.24	0.87	0.64	0.72	2.11	0.69	1.15	0.83	1.97
Price/Sales Average	- -	- -	- -	4.44	1.24	0.86	0.71	1.21	1.01	0.69	1.13	1.89
Price/Sales High	- -	- -	- -	9.11	1.65	1.28	1	3.1	1.7	1.34	1.83	6.32
Price/Sales Low	- -	- -	- -	2.35	0.77	0.53	0.44	0.43	0.66	0.49	0.73	0.69
Price/Cash Flow	- -	- -	- -	-30.55	5.48	3.45	9.19	11.21	2.07	4.96	4.9	536.15
Price/Cash Flow Average	- -	- -	- -	-31.98	7.77	4.68	8.98	6.41	3.03	2.98	6.71	516.3
Price/Cash Flow High	- -	- -	- -	-65.62	10.35	6.96	12.69	16.48	5.11	5.76	10.83	1,721.64
Price/Cash Flow Low	- -	- -	- -	-16.92	4.81	2.9	5.58	2.27	1.98	2.1	4.31	187.65
Price/Free Cash Flow Average	- -	- -	- -	4.07	3.35	2.25	3.14	4.16	3.07	3.05	6.71	49.56
Price/Free Cash Flow High	- -	- -	- -	8.35	4.46	3.35	4.44	10.68	5.17	5.89	10.83	165.26
Price/Free Cash Flow Low	- -	- -	- -	2.15	2.08	1.4	1.95	1.48	2.01	2.15	4.31	18.01
EV/Sales Average	- -	- -	18.16	4.34	1.25	0.89	0.78	1.31	1.19	0.78	1.24	1.95
EV/Sales High	- -	- -	18.16	9.01	1.66	1.31	1.07	3.21	1.88	1.42	1.94	6.37
EV/Sales Low	- -	- -	18.16	2.25	0.78	0.57	0.51	0.53	0.84	0.57	0.83	0.74
EV/EBITDA Average	-6.26	-4.15	-13.01	-20.8	7.77	4.2	72.4	5.65	3.51	3.61	10.03	85.67
EV/EBITDA High	-6.26	-4.15	-13.01	-43.16	10.32	6.16	99.58	13.82	5.54	6.59	15.68	280.22
EV/EBITDA Low	-6.26	-4.15	-13.01	-10.78	4.84	2.66	47.53	2.3	2.48	2.65	6.75	32.63
EV/EBIT Average	-6.26	-4.15	-12.58	-16.67	11.77	6.97	-6.9	9.39	4.47	5.66	49.61	-18.68
EV/EBIT High	-6.26	-4.15	-12.58	-34.59	15.64	10.24	-9.49	22.98	7.06	10.35	77.53	-61.09
EV/EBIT Low	-6.26	-4.15	-12.58	-8.64	7.33	4.41	-4.53	3.82	3.16	4.16	33.35	-7.11
Last Price	- -	- -	- -	6.88	4.95	3.58	2.88	13.6	8.79	17.18	10.26	18
High Price	- -	- -	- -	14.78	9.35	7.22	3.98	19.99	21.73	19.94	22.7	57.8
Enterprise Value Average	11	10	95	265	284	206	132	371	672	539	825	1,045
Enterprise Value High	11	10	95	550	377	302	181	908	1,062	986	1,290	3,418
Enterprise Value Low	11	10	95	137	177	130	86	151	475	396	555	398

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	39	39	40	40	40	41	43	44	44	53	54	66
Diluted Weighted Avg Shares	40	40	39	38	40	41	42	44	45	48	54	59
Basic Weighted Avg Shares	39	39	39	38	40	41	42	44	44	47	54	59
Revenue per Share	- -	- -	0.13	1.62	5.68	5.64	3.98	6.45	12.81	14.91	12.39	9.15
EBITDA per Share	-0.05	-0.06	-0.19	-0.34	0.91	1.2	0.04	1.5	4.34	3.21	1.53	0.21
Operating Income per Share	-0.05	-0.06	-0.19	-0.42	0.6	0.72	-0.45	0.9	3.41	2.05	0.31	-0.95
Basic EPS, GAAP	-0.05	-0.06	-0.19	-0.41	0.63	0.61	-0.12	0.9	2.63	1.77	0.21	-0.88
Basic EPS from Cont Ops	-0.05	-0.06	-0.19	-0.41	0.63	0.61	-0.12	0.9	2.63	1.77	0.21	-0.88
Diluted EPS, GAAP	-0.04	-0.06	-0.19	-0.41	0.62	0.61	-0.12	0.9	2.6	1.73	0.21	-0.88
Diluted EPS from Cont Ops	-0.04	-0.06	-0.19	-0.41	0.62	0.61	-0.12	0.9	2.6	1.73	0.21	-0.88
Dividend per Share	- -	- -	- -	0.14	- -	- -	- -	- -	0.45	0.56	0.46	0.07
Cash Flow per Share	-0.04	-0.05	-0.1	-0.23	0.9	1.04	0.31	1.21	4.25	3.46	2.1	0.03
Free Cash Flow per Basic Share	-0.15	-0.17	-0.53	-2.22	-0.3	-0.08	-0.27	0.54	4.25	3.46	2.1	-0.28
Cash & Equivalents per Share	- -	0.03	1.55	0.3	0.17	0.14	0.12	0.5	0.81	0.9	0.61	7.51
Book Value per Share	- -	- -	-0.47	-0.93	-0.25	0.37	0.24	1.08	3.18	1.99	1.3	- -
Tangible Book Value per Share	-0.02	0.17	-0.13	3.02	3.52	4.16	3.98	4.8	7	7.95	6.75	8.25

Ramaco Resources, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)