NCS Multistage Holdings, Inc. Financial Ratios — NCSM Stock

Profitability (USD)

	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 (%)	- -	-57.71	9.06	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-5.44	0.53	-54.88	-15.19	-33.76	-3.37	-0.78	-2.17	4.33	14.22
Return on Capital (%)	- -	- -	6.58	- -	- -	- -	- -	- -	- -	-2.37	- -
Return on Invested Capital (%)	- -	- -	2.08	- -	- -	- -	- -	- -	- -	3.34	- -
Gross Margin (%)	28.09	19.37	37.29	44.42	42.35	35.69	37.11	36.04	35.79	38.23	37.87
EBITDA Margin (%)	18.85	7.7	18.91	15.79	4.33	-14.35	-0.52	1.33	-0.64	5.93	9.03
Operating Margin (%)	-5.07	-18.26	5.2	7.93	-0.75	-19.86	-4.32	-1.45	-3.88	2.66	5.82
Incremental Operating Margin (%)	- -	- -	27.6	29.7	- -	- -	- -	- -	- -	49.07	30.24
Pretax Margin (%)	10.35	-27.16	0.97	-91.77	-5.87	-43.83	-2.97	-0.39	-2.35	5.08	9.16
Profit Margin (%)	24.58	-18.2	1.04	-83.85	-15.97	-53.84	-3.99	-0.71	-2.21	4.06	12.93
Net Income to Common Margin (%)	24.58	-18.2	1.04	-83.85	-15.97	-53.84	-3.99	-0.71	-2.21	4.06	12.93
Effective Tax Rate (%)	- -	- -	34.15	- -	- -	- -	- -	- -	- -	1.41	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-57.71	9.06	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	86	89	27	26	18	12	13	13	14	15	13
ST Debt	- -	1	5	2	4	3	3	3	3	4	4
LT Debt	86	88	22	23	15	8	10	10	10	11	9
Total Debt/EBITDA	4	11.76	0.71	0.72	2.07	-0.76	-21.25	6.23	-14.77	1.52	0.78
Net Debt/EBITDA	3.55	9.35	-0.18	0.02	0.19	1.01	23.18	-4.02	18.27	-2.68	-2.21
Total Debt/EBIT	-14.85	-4.96	2.58	1.43	-12.02	-0.55	-2.57	-5.72	-2.44	3.38	1.21
Net Debt/EBIT	-13.2	-3.94	-0.65	0.03	-1.09	0.73	2.8	3.69	3.02	-5.98	-3.43
EBITDA to Interest Expense	2.66	1.21	8.86	18.26	4.62	-8.55	-0.84	2.04	-1.56	23.29	66.06
EBITDA-CapEx/Interest Expense	2.55	1.02	7.6	10.21	1.31	-9.75	-1.98	0.92	-5.3	19.96	60.85
EBIT to Interest Expense	-0.72	-2.86	2.43	9.17	-0.8	-11.83	-6.98	-2.22	-9.44	10.45	42.61
Interest Expense	8	6	4	2	2	2	1	1	1	- -	- -
Common Equity/Total Assets	12.04	6.76	5.24	-72.16	-98.24	-185.04	-183.62	-189.35	-174.69	-169.49	-129.83
Long-Term Debt/Equity (%)	45.8	49.81	5.88	13.31	9.12	7.43	9.14	9.26	9.25	9.38	6.27
Long-Term Debt/Capital (%)	68.2	79.44	34.19	-18.74	-9.23	-3.75	-4.4	-4.37	-4.32	-4.8	-4.37
Long-Term Debt/Total Assets (%)	25.82	27.05	4.68	10.21	7.37	6.08	7.11	7.3	6.66	7.13	4.95
Total Debt/Equity (%)	45.8	50.24	7.33	14.58	11.28	10.23	11.89	11.79	12.35	12.6	9.05
Total Debt/Capital (%)	68.2	80.14	42.59	-20.53	-11.42	-5.15	-5.72	-5.57	-5.77	-6.44	-6.3
Total Debt/Total Assets (%)	25.82	27.28	5.83	11.18	9.11	8.37	9.24	9.29	8.89	9.58	7.15
Net Debt to Equity	40.71	39.94	-1.84	0.32	1.02	-13.7	-12.97	-7.6	-15.28	-22.29	-25.66
Net Debt/Capital (%)	65.59	76.23	-22.82	-0.37	-0.97	6.46	5.69	3.36	6.66	10.23	15.17
EBITDA	21	8	38	36	9	-15	-1	2	-1	10	17
EBITDA-CapEx	21	6	33	20	3	-18	-1	1	-3	8	15
Operating Income (Loss)	-6	-18	10	18	-2	-21	-5	-2	-6	4	11

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.18	1.04	1.07	0.98	0.57	1.04	1.12	0.92	0.52	1.02	1.29
Current Ratio	7.76	4.28	3.72	4.47	5.09	5.62	4.47	4.95	3.22	4.15	4.27
Quick Ratio	4.71	3.05	2.62	3.11	2.94	3.08	2.59	2.7	1.86	2.46	2.84
CFO/Avg Current Liab	- -	0.83	0.65	0.49	0.79	2.03	0.67	-0.08	0.19	0.44	0.82
Common Equity/Total Assets	12.04	6.76	5.24	-72.16	-98.24	-185.04	-183.62	-189.35	-174.69	-169.49	-129.83
Long-Term Debt/Equity (%)	45.8	49.81	5.88	13.31	9.12	7.43	9.14	9.26	9.25	9.38	6.27
Long-Term Debt/Capital (%)	68.2	79.44	34.19	-18.74	-9.23	-3.75	-4.4	-4.37	-4.32	-4.8	-4.37
Long-Term Debt/Total Assets (%)	25.82	27.05	4.68	10.21	7.37	6.08	7.11	7.3	6.66	7.13	4.95
Total Debt/Equity (%)	45.8	50.24	7.33	14.58	11.28	10.23	11.89	11.79	12.35	12.6	9.05
Total Debt/Capital (%)	68.2	80.14	42.59	-20.53	-11.42	-5.15	-5.72	-5.57	-5.77	-6.44	-6.3
Total Debt/Total Assets (%)	25.82	27.28	5.83	11.18	9.11	8.37	9.24	9.29	8.89	9.58	7.15
CFO/Total Liabilities	3.01	7.15	16.98	26.23	45.99	139.4	36.59	-4.85	11.2	34.67	58.2
CFO/CapEx	4.91	9.23	2.97	0.89	2.82	16.31	13.91	-1.26	2.18	9.23	16.97
Altman's Z-Score	2.91	1.61	6.38	3.58	1.64	-0.78	-0.18	0.1	-0.6	0.41	1.62

Working Capital (USD)

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	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	- -	3.43	5.04	4.64	4.47	3.35	5.12	5.96	5.5	5.86	5.1
Days Sales Outstanding	- -	106.26	72.4	78.69	81.66	108.99	71.33	61.26	66.39	62.3	71.58
Inventory Turnover	- -	4.03	5.04	3.83	3.26	1.84	2.17	2.81	2.33	2.43	2.85
Days Inventory Outstanding	- -	90.65	72.39	95.32	111.96	198.4	168.44	130.09	156.91	150.1	127.94
Accounts Payable Turnover	- -	9.65	16.1	17.21	15.99	9.45	11.82	13.64	13.95	13.13	12.82
Accounts Payable Turnover Days	- -	37.82	22.67	21.21	22.83	38.63	30.87	26.75	26.17	27.8	28.46
Cash Conversion Cycle	- -	159.1	122.12	152.81	170.79	268.76	208.91	164.59	197.12	184.6	171.06
Inventory to Cash Days	- -	15.61	0.02	-16.63	-30.3	-89.41	-97.11	-68.83	-90.52	-87.79	-56.37
Inventories	22	17	33	33	40	35	34	37	42	41	39
Raw Materials	2	1	2	2	2	2	2	2	2	2	2
Work In Process	- -	1	1	- -	1	- -	- -	- -	1	- -	1
Finished Goods	20	16	30	30	37	33	32	35	39	39	36
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	597	228	98	53	69	61	44	66	102
- Cash & Cash Equivalents	10	18	34	25	11	16	22	16	17	26	37
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	12	15	19	20	18	18	18	17	17
+ Total Debt	86	89	27	26	18	12	13	13	14	15	13
Enterprise Value	76	71	602	243	124	69	79	76	59	72	95
Total Capital	126	111	63	-125	-162	-225	-230	-231	-234	-227	-205
Total Debt/Capital (%)	68.2	80.14	42.59	-20.53	-11.42	-5.15	-5.72	-5.57	-5.77	-6.44	-6.3
Total Debt / EV	1.13	1.26	0.04	0.11	0.15	0.17	0.17	0.17	0.23	0.2	0.14
EV/Sales	0.67	0.72	2.99	1.07	0.6	0.65	0.66	0.49	0.41	0.44	0.52
EV/EBITDA	3.55	9.35	15.79	6.79	13.94	- -	- -	36.63	- -	7.46	5.75
EV/EBIT	- -	- -	57.43	13.52	- -	- -	- -	- -	- -	16.63	8.91
EV/Cash Flow to Firm	3.24	4.76	31.77	15.44	5.75	1.89	6.35	409.55	11.04	5.48	4.22
EV/Free Cash Flow to Firm	3.13	4.42	24.71	7.71	4.44	1.78	5.95	57.52	7.82	4.96	3.99
Diluted Market Cap	- -	- -	642	228	98	53	69	61	44	67	108
Diluted Enterprise Value	76	71	648	243	124	69	79	76	59	73	102
EV per Share	33.67	31.28	297.45	108.72	53.21	29.25	32.77	31.12	23.74	28.33	36.82
TTM Sales	114	98	202	227	205	107	119	156	142	163	184
TTM EBITDA	21	8	38	36	9	-15	-1	2	-1	10	17
TTM Operating Income	-6	-18	10	18	-2	-21	-5	-2	-6	4	11
TTM Cash Flow to Firm	24	15	19	16	22	37	12	- -	5	13	23
TTM Free Cash Flow to Firm	24	16	24	32	28	39	13	1	8	15	24

Multiples (USD)

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	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	- -	- -	29.83	7.64	4.03	1.43	5.59	-208.22	6.34	4.77	4.62
EV/EBIT	- -	- -	57.43	13.52	- -	- -	- -	- -	- -	16.63	8.91
Enterprise Value	76	71	602	243	124	69	79	76	59	72	95
Low Price	- -	- -	277	98	31.2	6.24	21.64	21.05	12.02	14.47	23.89
EV/Sales	0.67	0.72	2.99	1.07	0.6	0.65	0.66	0.49	0.41	0.44	0.52
EV/EBITDA	3.55	9.35	15.79	6.79	13.94	- -	- -	36.63	- -	7.46	5.75
Price/Earnings	- -	- -	283.89	- -	- -	- -	- -	- -	- -	10	4.31
Price/Earnings Average	- -	- -	405.86	-3.4	-4.94	-0.71	-14.96	-77.75	-14.82	7.14	3.76
Price/Earnings High	- -	- -	559.88	-4.83	-9.08	-1.76	-24.28	-138	-20.68	11.06	5.85
Price/Earnings Low	- -	- -	266.75	-1.15	-2.22	-0.26	-10.95	-46.46	-9.43	5.57	2.6
Price/Book Value	- -	- -	24.55	-1.38	-0.49	-0.21	-0.27	-0.23	-0.17	-0.25	-0.43
Price/Book Value Average	- -	- -	35.1	-3.9	-0.81	-0.16	-0.27	-0.33	-0.18	-0.18	-0.38
Price/Book Value High	- -	- -	48.42	-5.55	-1.5	-0.4	-0.44	-0.58	-0.25	-0.28	-0.59
Price/Book Value Low	- -	- -	23.07	-1.32	-0.37	-0.06	-0.2	-0.2	-0.11	-0.14	-0.26
Price/Tangible Book Value	- -	- -	12.41	2.19	0.95	0.58	0.77	0.68	0.49	0.68	0.85
Price/Tangible Book Value Average	- -	- -	17.74	6.21	1.57	0.44	0.79	0.96	0.52	0.48	0.74
Price/Tangible Book Value High	- -	- -	24.47	8.84	2.89	1.11	1.28	1.71	0.73	0.75	1.15
Price/Tangible Book Value Low	- -	- -	11.66	2.11	0.71	0.16	0.58	0.58	0.33	0.38	0.51
Price/Sales	- -	- -	2.96	1	0.48	0.5	0.59	0.39	0.31	0.41	0.56
Price/Sales Average	- -	- -	4.23	2.85	0.79	0.38	0.6	0.55	0.33	0.29	0.49
Price/Sales High	- -	- -	5.84	4.05	1.45	0.95	0.97	0.98	0.46	0.45	0.76
Price/Sales Low	- -	- -	2.78	0.97	0.35	0.14	0.44	0.33	0.21	0.23	0.34
Price/Cash Flow	- -	- -	37.03	16.25	5.46	1.52	6	-42.73	9.25	5.18	4.61
Price/Cash Flow Average	- -	- -	52.94	46.08	9.03	1.16	6.12	-60.21	9.79	3.7	4.03
Price/Cash Flow High	- -	- -	73.03	65.59	16.61	2.89	9.92	-106.87	13.65	5.73	6.27
Price/Cash Flow Low	- -	- -	34.8	15.65	4.05	0.42	4.48	-35.98	6.23	2.89	2.79
Price/Free Cash Flow Average	- -	- -	42.65	21.66	6.66	1.09	5.71	-293.41	6.71	3.4	4.04
Price/Free Cash Flow High	- -	- -	58.84	30.84	12.25	2.73	9.26	-520.8	9.36	5.28	6.28
Price/Free Cash Flow Low	- -	- -	28.03	7.36	2.99	0.4	4.18	-175.32	4.27	2.66	2.79
EV/Sales Average	0.67	0.72	4.26	2.92	0.92	0.53	0.67	0.65	0.43	0.33	0.45
EV/Sales High	0.67	0.72	5.86	4.12	1.58	1.1	1.05	1.07	0.56	0.49	0.72
EV/Sales Low	0.67	0.72	2.81	1.04	0.48	0.29	0.51	0.42	0.31	0.26	0.3
EV/EBITDA Average	3.55	9.35	22.51	18.46	21.14	-3.69	-129.08	48.67	-66.98	5.51	4.97
EV/EBITDA High	3.55	9.35	31	26.1	36.42	-7.66	-200.33	80.81	-87.17	8.19	7.97
EV/EBITDA Low	3.55	9.35	14.84	6.55	11.11	-2	-98.41	31.98	-48.41	4.44	3.31
EV/EBIT Average	-13.2	-3.94	81.89	36.75	-122.6	-2.66	-15.61	-44.63	-11.08	12.28	7.71
EV/EBIT High	-13.2	-3.94	112.77	51.95	-211.2	-5.53	-24.22	-74.1	-14.42	18.26	12.35
EV/EBIT Low	-13.2	-3.94	53.99	13.05	-64.44	-1.44	-11.9	-29.33	-8.01	9.89	5.14
Last Price	- -	- -	294.8	101.8	42	22.51	28.99	25	17.85	25.96	39.49
High Price	- -	- -	581.4	410.84	127.8	43	47.97	62.53	26.36	28.73	53.69
Enterprise Value Average	76	71	858	662	188	57	80	101	61	53	82
Enterprise Value High	76	71	1,182	936	324	118	124	167	80	79	132
Enterprise Value Low	76	71	566	235	99	31	61	66	44	43	55

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	2	2	2	2	2	2	2	2	2	3	3
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	2	2	3	3
Basic Weighted Avg Shares	2	2	2	2	2	2	2	2	2	3	3
Revenue per Share	50.31	43.45	99.61	101.35	88.11	45.25	49.46	63.99	57.61	64.02	70.93
EBITDA per Share	9.48	3.35	18.84	16.01	3.82	-6.5	-0.26	0.85	-0.37	3.8	6.4
Operating Income per Share	-2.55	-7.93	5.18	8.04	-0.66	-8.99	-2.14	-0.93	-2.24	1.7	4.13
Basic EPS, GAAP	12.37	-7.91	1.04	-84.99	-14.07	-24.37	-1.98	-0.45	-1.27	2.6	9.17
Basic EPS from Cont Ops	12.37	-7.91	0.64	-82.71	-9.78	-16.54	-1.58	-0.39	-1.26	3.21	10.06
Diluted EPS, GAAP	12.37	-7.91	0.96	-84.99	-14.07	-24.37	-1.98	-0.45	-1.27	2.55	8.65
Diluted EPS from Cont Ops	12.37	-7.91	0.59	-82.71	-9.78	-16.54	-1.58	-0.39	-1.26	3.14	9.48
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.93	4.71	7.96	6.26	7.7	14.85	4.83	-0.59	1.93	5.01	8.57
Free Cash Flow per Basic Share	1.54	4.2	5.28	-0.8	4.96	13.94	4.49	-1.05	1.04	4.47	8.06
Cash & Equivalents per Share	4.21	8.06	16.7	11.22	4.82	6.58	9.25	6.68	6.76	10.19	14.19
Book Value per Share	17.66	9.75	12.01	-74.02	-85.33	-108.55	-109.07	-107.91	-107.4	-102.01	-90.87
Tangible Book Value per Share	-31.2	-27.93	23.76	46.5	44.2	38.85	37.44	36.58	36.3	38.28	46.63

NCS Multistage Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)