Meritage Hospitality Group Inc. PFD CV SER B Financial Ratios — MHGUP

Profitability (USD)

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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 (%)	96.89	49.42	32.08	23.24	41.89	27.66	27.85	24.18	14.79	14.61	15.3	5.82	3.33	4.45	-30.25
Return on Assets (%)	6.02	5.42	4.53	3.51	7.22	5.24	4.81	4.76	2.44	2.18	2.41	1.09	0.76	0.96	-4.06
Return on Capital (%)	- -	- -	9.8	8.24	13.51	10.06	9.5	9.62	4.83	3.78	3.51	2.25	0.87	1.03	- -
Return on Invested Capital (%)	- -	- -	8.28	7.72	13.42	12.53	10.04	10.81	4.52	4.77	2.64	2.92	2.72	2.18	- -
Gross Margin (%)	10.62	40.84	41.19	40.87	43.73	44.5	44.14	44.57	43.85	44.3	42.1	40.28	40.81	41.5	39.03
EBITDA Margin (%)	5.25	4.79	5.43	5.17	8.12	8.86	8.41	9.47	8.4	9.79	6.65	6.24	6.12	5.61	1.63
Operating Margin (%)	3.46	2.88	3.77	3.24	6.04	6.34	5.71	6.73	5.39	6.63	3.82	3.45	3.36	2.74	-1.29
Incremental Operating Margin (%)	-0.43	-4.71	6.05	-0.05	15.08	8.76	3.78	9.31	-12.69	18.61	-19.98	-0.91	2.13	115.66	- -
Pretax Margin (%)	1.4	2.36	3.11	2.21	4.79	3.68	3.62	3.8	3.52	3.52	4.04	1.55	1.03	1.37	-6.98
Profit Margin (%)	2.52	2.94	2.22	1.72	3.35	2.74	2.87	2.99	2.58	2.89	3.02	1.36	0.91	1.17	-5.14
Net Income to Common Margin (%)	2.52	2.94	2.22	1.72	3.35	2.74	2.87	2.67	2.19	2.5	2.67	1.03	0.59	0.83	-5.51
Effective Tax Rate (%)	- -	- -	28.82	22.21	30.1	25.72	20.04	20.39	21.8	13.22	21.87	6.06	12.85	12.23	- -
Dvd Payout Ratio (%)	15.59	14.26	23.79	28.68	14.17	17.36	16.51	7.85	9.85	3.67	10.48	20.87	21.48	0.4	1.11
Sustainable Growth Rate (%)	81.78	42.37	24.45	16.57	35.95	22.86	23.25	22.29	13.33	14.08	13.7	4.61	2.62	4.43	-29.92

Credit (USD)

Credit Ratios API ChatGPT

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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	19	33	35	43	54	76	143	189	536	522	568	586	616	599	572
ST Debt	2	7	4	11	13	20	46	32	78	52	50	72	75	86	195
LT Debt	17	26	31	32	41	56	97	156	458	470	518	514	541	513	377
Total Debt/EBITDA	3.97	6.93	4.74	5.23	3.17	3.62	5.45	4.57	13.65	10.32	14.8	15.02	14.96	15.94	56.73
Net Debt/EBITDA	3.61	6.51	4.28	4.6	2.79	3.15	4.95	4.25	5.07	2.9	3.68	4.24	4.65	4.87	15.79
Total Debt/EBIT	6.03	11.54	6.83	8.35	4.26	5.06	8.01	6.44	21.28	15.24	25.74	27.11	27.25	32.64	-71.91
Net Debt/EBIT	5.47	10.83	6.16	7.35	3.74	4.4	7.29	5.98	7.9	4.28	6.4	7.66	8.47	9.97	-20.01
EBITDA to Interest Expense	3.5	4.01	4.31	4.38	6.54	6.41	4.6	4.26	3.18	4.69	4.95	4.79	- -	- -	- -
EBITDA-CapEx/Interest Expense	0.69	0.12	0.52	-1.69	-2.2	-1.56	-4.08	-2.25	-4.13	1.55	-5.27	-3.4	- -	- -	- -
EBIT to Interest Expense	2.31	2.41	3	2.74	4.87	4.59	3.12	3.03	2.04	3.18	2.85	2.65	- -	- -	- -
Interest Expense	1	1	2	2	3	3	6	10	12	11	8	8	- -	- -	- -
Common Equity/Total Assets	7.81	13.16	14.95	15.23	18.83	19.06	16.25	18.57	11.93	13.88	13.94	14.68	14.83	15.76	12.88
Long-Term Debt/Equity (%)	492.81	305.48	292.43	248.15	198.32	214.09	253.33	272.1	551.22	477.28	476.21	438.94	443.48	397.98	383.12
Long-Term Debt/Capital (%)	75.77	62.16	68.09	57.39	54.56	54.98	53.67	63.49	73.97	75.74	76.5	73.14	73.34	70.48	56.25
Long-Term Debt/Total Assets (%)	39.14	40.49	43.97	37.81	37.35	40.82	41.42	50.24	67.59	68.09	68.22	65.01	66.25	63.28	49.98
Total Debt/Equity (%)	550.37	391.43	329.48	332.42	263.48	289.38	372	328.54	645.23	530.18	522.51	500.15	504.7	464.65	581.13
Total Debt/Capital (%)	84.62	79.65	76.72	76.87	72.49	74.32	78.81	76.66	86.58	84.13	83.94	83.34	83.46	82.29	85.32
Total Debt/Total Assets (%)	43.71	51.88	49.54	50.65	49.63	55.18	60.82	60.66	79.12	75.63	74.86	74.07	75.4	73.88	75.81
Net Debt to Equity	499.71	367.46	297.17	292.51	231.4	251.73	338.42	305.33	239.64	148.93	130	141.32	156.89	141.96	161.7
Net Debt/Capital (%)	83.33	78.61	74.82	74.52	69.82	71.57	77.19	75.33	33.06	24.93	22.55	24.79	26.65	25.88	24.15
EBITDA	5	5	7	8	17	21	26	41	39	51	38	39	41	38	10
EBITDA-CapEx	1	- -	1	-3	-6	-5	-23	-22	-51	17	-41	-28	-4	-3	-15
Operating Income (Loss)	3	3	5	5	13	15	18	29	25	34	22	22	23	18	-8

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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	0.18	0.13	0.23	0.21	0.2	0.25	0.17	0.21	0.14	0.34	0.49	0.28	0.16	0.15	0.04
Current Ratio	0.43	0.27	0.43	0.33	0.33	0.34	0.25	0.32	0.21	0.49	0.61	0.37	0.29	0.27	0.09
Quick Ratio	0.21	0.15	0.27	0.22	0.21	0.27	0.18	0.23	0.15	0.36	0.51	0.28	0.18	0.18	0.05
CFO/Avg Current Liab	0.49	0.37	0.52	0.4	0.54	0.43	0.48	0.4	0.39	0.34	0.34	0.23	0.09	0.18	0.02
Common Equity/Total Assets	7.81	13.16	14.95	15.23	18.83	19.06	16.25	18.57	11.93	13.88	13.94	14.68	14.83	15.76	12.88
Long-Term Debt/Equity (%)	492.81	305.48	292.43	248.15	198.32	214.09	253.33	272.1	551.22	477.28	476.21	438.94	443.48	397.98	383.12
Long-Term Debt/Capital (%)	75.77	62.16	68.09	57.39	54.56	54.98	53.67	63.49	73.97	75.74	76.5	73.14	73.34	70.48	56.25
Long-Term Debt/Total Assets (%)	39.14	40.49	43.97	37.81	37.35	40.82	41.42	50.24	67.59	68.09	68.22	65.01	66.25	63.28	49.98
Total Debt/Equity (%)	550.37	391.43	329.48	332.42	263.48	289.38	372	328.54	645.23	530.18	522.51	500.15	504.7	464.65	581.13
Total Debt/Capital (%)	84.62	79.65	76.72	76.87	72.49	74.32	78.81	76.66	86.58	84.13	83.94	83.34	83.46	82.29	85.32
Total Debt/Total Assets (%)	43.71	51.88	49.54	50.65	49.63	55.18	60.82	60.66	79.12	75.63	74.86	74.07	75.4	73.88	75.81
CFO/Total Liabilities	10.54	8.55	12.89	11.06	17.63	14.12	14.13	11.07	5.91	6.14	5.18	3.82	1.65	3.39	0.75
CFO/CapEx	1.1	1.02	1.19	0.7	0.68	0.6	0.56	0.45	0.39	1.07	0.43	0.39	0.25	0.58	0.2
Altman's Z-Score	2.93	2.52	3.27	3.09	4.03	3.74	2.97	4.13	1.24	1.51	1.45	1.39	1.46	1.43	0.74

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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	- -	616.14	317.99	409.08	630.54	403.99	373.42	348.88	336.94	350.19	345.9	634.93	483.81	205.06	209.41
Days Sales Outstanding	- -	0.59	1.15	0.89	0.58	0.9	0.98	1.05	1.08	1.04	1.06	0.57	0.75	1.78	1.74
Inventory Turnover	138.44	73.45	80.54	80.78	88.54	88.75	83.42	81.42	77.16	80.62	83.29	81.61	80.07	74.58	72.65
Days Inventory Outstanding	2.64	4.97	4.53	4.52	4.12	4.11	4.38	4.48	4.73	4.53	4.38	4.47	4.56	4.89	5.02
Accounts Payable Turnover	26.91	16.44	19.09	17.14	14.45	12.85	12.53	14.21	13.83	14.91	17.33	14.91	15.81	16.03	14.79
Accounts Payable Turnover Days	13.56	22.21	19.12	21.29	25.27	28.4	29.14	25.68	26.4	24.48	21.07	24.47	23.08	22.77	24.68
Cash Conversion Cycle	-10.93	-16.64	-13.44	-15.88	-20.57	-23.38	-23.78	-20.15	-20.58	-18.91	-15.63	-19.43	-17.77	-16.1	-17.91
Inventory to Cash Days	-2.64	-4.38	-3.38	-3.63	-3.54	-3.21	-3.4	-3.44	-3.65	-3.49	-3.33	-3.9	-3.8	-3.11	-3.28
Inventories	1	1	1	1	1	2	3	3	4	4	4	5	5	5	5
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1	1	1	1	1	2	3	3	4	4	4	5	5	5	5

Enterprise Value (USD)

Enterprise Value API ChatGPT

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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	46	55	56	60	113	131	215	202	226	221	255	247	234	239	47
- Cash & Cash Equivalents	2	2	3	5	7	10	13	13	17	32	50	35	19	21	11
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	2	3	3	1	1	1	1
+ Total Debt	19	33	35	43	54	76	143	189	536	522	568	586	616	599	572
Enterprise Value	64	86	88	98	161	197	346	377	748	713	776	799	832	817	609
Total Capital	23	41	46	56	75	102	182	246	619	620	677	703	738	727	671
Total Debt/Capital (%)	84.62	79.65	76.72	76.87	72.49	74.32	78.81	76.66	86.58	84.13	83.94	83.34	83.46	82.29	85.32
Total Debt / EV	0.3	0.38	0.4	0.44	0.34	0.38	0.41	0.5	0.72	0.73	0.73	0.73	0.74	0.73	0.94
EV/Sales	0.69	0.87	0.64	0.61	0.76	0.84	1.11	0.87	1.6	1.38	1.34	1.28	1.24	1.22	0.99
EV/EBITDA	13.19	18.14	11.78	11.84	9.42	9.43	13.16	9.15	19.04	14.11	20.23	20.47	20.21	21.77	60.35
EV/EBIT	20.01	30.2	16.95	18.92	12.65	13.18	19.36	12.89	29.68	20.82	35.18	36.96	36.79	44.58	- -
EV/Cash Flow to Firm	8.8	13.76	9.71	10.34	9.22	10.9	10.68	10.55	16.7	15.6	19.54	23.91	72.6	35.35	123.26
EV/Free Cash Flow to Firm	5.73	7.93	5.63	4.68	3.99	4.47	4.22	3.82	5.54	8.97	6.53	7.98	14.64	12.93	20.39
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	17	31	32	38	48	66	130	175	521	492	521	552	597	579	562
EV per Share	11.58	15.61	15.88	17.5	28.41	32.95	56.2	60.3	117.77	107.32	118.58	122.85	127.61	123.33	91.2
TTM Sales	92	99	138	160	210	236	313	435	468	516	577	626	672	669	618
TTM EBITDA	5	5	7	8	17	21	26	41	39	51	38	39	41	38	10
TTM Operating Income	3	3	5	5	13	15	18	29	25	34	22	22	23	18	-8
TTM Cash Flow to Firm	7	6	9	9	17	18	32	36	45	46	40	33	11	23	5
TTM Free Cash Flow to Firm	11	11	16	21	40	44	82	99	135	80	119	100	57	63	30

Multiples (USD)

Valuation Multiples API ChatGPT

	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	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	20.01	30.2	16.95	18.92	12.65	13.18	19.36	12.89	29.68	20.82	35.18	36.96	36.79	44.58	- -
Enterprise Value	64	86	88	98	161	197	346	377	748	713	776	799	832	817	609
Low Price	8.4	8.82	9.5	10.1	10.7	18.7	19.6	30	29.95	22	30.1	30	32.75	28	7
EV/Sales	0.69	0.87	0.64	0.61	0.76	0.84	1.11	0.87	1.6	1.38	1.34	1.28	1.24	1.22	0.99
EV/EBITDA	13.19	18.14	11.78	11.84	9.42	9.43	13.16	9.15	19.04	14.11	20.23	20.47	20.21	21.77	60.35
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	13.49	6.61	5.23	4.61	5.51	5.03	5.63	3.51	2.8	2.31	2.41	2.13	1.93	1.87	0.48
Price/Book Value Average	14.77	6.49	5.21	4.87	4.03	4.72	4.86	3.61	2.51	1.97	2.28	2.17	1.89	1.79	1.54
Price/Book Value High	16.05	7.27	5.36	5.17	5.58	5.03	5.95	3.95	2.8	2.57	2.6	2.25	2.04	1.87	2.47
Price/Book Value Low	13.49	5.83	4.92	4.35	2.95	4.28	3.15	3.25	2.35	1.53	1.86	1.68	1.76	1.45	0.48
Price/Tangible Book Value	-7.7	-4.23	-4.95	-4.27	-6.15	-5.72	-3.89	-1.84	-2.32	-2.65	-3.46	-3.66	-2.54	-2.81	-0.42
Price/Tangible Book Value Average	-8.43	-4.16	-4.93	-4.51	-4.51	-5.37	-3.35	-1.9	-2.07	-2.26	-3.28	-3.73	-2.48	-2.69	-1.35
Price/Tangible Book Value High	-9.16	-4.66	-5.08	-4.79	-6.23	-5.72	-4.1	-2.08	-2.32	-2.94	-3.73	-3.88	-2.69	-2.81	-2.17
Price/Tangible Book Value Low	-7.7	-3.73	-4.66	-4.03	-3.29	-4.87	-2.18	-1.71	-1.95	-1.75	-2.67	-2.89	-2.32	-2.18	-0.42
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.74	0.86	0.64	0.63	0.62	0.8	1.01	0.88	1.55	1.32	1.32	1.28	1.23	1.21	1.15
EV/Sales High	0.79	0.92	0.65	0.66	0.77	0.84	1.14	0.93	1.6	1.43	1.38	1.3	1.26	1.22	1.3
EV/Sales Low	0.69	0.8	0.62	0.59	0.51	0.75	0.8	0.83	1.52	1.24	1.24	1.19	1.21	1.14	0.99
EV/EBITDA Average	14.1	17.93	11.74	12.26	7.64	9.05	12.03	9.3	18.44	13.47	19.87	20.59	20.07	21.51	70.58
EV/EBITDA High	15.01	19.31	11.96	12.72	9.5	9.43	13.61	9.77	19.04	14.6	20.74	20.84	20.53	21.77	79.55
EV/EBITDA Low	13.19	16.77	11.33	11.44	6.33	8.5	9.55	8.8	18.12	12.63	18.71	19.14	19.7	20.36	60.35
EV/EBIT Average	21.4	29.85	16.89	19.58	10.27	12.64	17.7	13.09	28.74	19.88	34.56	37.17	36.54	44.05	-89.46
EV/EBIT High	22.78	32.13	17.21	20.33	12.76	13.18	20.04	13.76	29.68	21.55	36.07	37.64	37.38	44.58	-100.82
EV/EBIT Low	20.01	27.92	16.31	18.27	8.51	11.88	14.06	12.39	28.24	18.64	32.54	34.55	35.87	41.69	-76.5
Last Price	8.4	10	10.1	10.7	20	21.95	35	32.35	35.65	33.25	39	38	35.95	36	7
High Price	10	11	10.35	12	20.25	21.95	36.95	36.45	35.65	37	42	40.25	38	36	36
Enterprise Value Average	68	85	88	102	130	189	316	383	724	681	762	804	826	808	712
Enterprise Value High	72	92	89	105	162	197	358	403	748	738	796	814	845	817	802
Enterprise Value Low	64	80	85	95	108	178	251	363	711	638	718	747	811	764	609

Shares Outstanding	5	6	6	6	6	6	6	6	6	7	7	7	7	7	7
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	0.32	0.37	0.63	0.93	1.17	1.64	2.1	2.13	2.67	4.86	7.63	5.44	2.98	3.15	1.72
Book Value per Share	0.62	1.51	1.93	2.32	3.63	4.37	6.21	9.22	12.73	14.42	16.16	17.86	18.58	19.26	14.56
Tangible Book Value per Share	-1.09	-2.36	-2.04	-2.51	-3.25	-3.84	-9.01	-17.56	-15.39	-12.57	-11.26	-10.39	-14.14	-12.82	-16.61

Meritage Hospitality Group Inc. PFD CV SER B

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)