NPK International Inc. Financial Ratios — NPKI Stock

Profitability	2009 Y	2010 Y	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
Return on Common Equity (%)	- -	- -	- -	91.03	50.78	48.14	-41.63	-26.81	-4.82	23.54	-9.08	-86.21	-65.92	-143.47	187.38
Return on Assets (%)	-3.17	6.3	9.85	6.38	6.66	10.35	-9.78	-4.94	-0.72	3.55	-1.43	-10.03	-3.49	-2.84	2.14
Return on Capital (%)	- -	57.02	47.94	22.64	20.68	27.54	- -	- -	1.08	14.23	- -	- -	- -	- -	15.9
Return on Invested Capital (%)	- -	8.8	12.17	7.82	7.98	10.99	- -	- -	3.25	6.11	- -	- -	- -	- -	4.37
Gross Margin (%)	8.7	19.42	21.57	17.57	17.64	21.59	11.5	7.14	18.7	18.97	16.51	3.93	13.86	14.9	18.48
EBITDA Margin (%)	2.61	14.67	16.48	12.71	13.3	15.43	3.42	-2.65	9.52	11.56	8.41	-3.77	5.43	8.2	9.52
Operating Margin (%)	-3.13	10.9	13.29	9.38	9.06	11.68	-3.07	-10.7	4.2	6.71	2.66	-12.97	-1.44	3.47	5.33
Incremental Operating Margin (%)	- -	41.35	22.16	-38.32	3.72	47.53	- -	- -	29.65	16.16	33.02	- -	- -	18.48	-17.73
Pretax Margin (%)	-4.65	9.62	12.22	8.31	7.8	10.73	-16.58	-13.73	2.15	4.99	-0.39	-18.79	-2.97	-2.02	3.36
Profit Margin (%)	-4.2	5.81	8.8	6.1	6.27	9.14	-13.42	-8.63	-0.82	3.41	-1.58	-16.38	-4.15	-2.55	1.94
Net Income to Common Margin (%)	-4.2	5.81	8.8	6.1	6.27	9.14	-13.42	-8.63	-0.82	3.41	-1.58	-16.38	-4.15	-2.55	1.94
Effective Tax Rate (%)	- -	39.56	35.89	38.32	35.31	34.19	- -	- -	30.37	31.72	- -	- -	- -	- -	42.36
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	91.03	50.78	48.14	-41.63	-26.81	-4.82	23.54	-9.08	-86.21	-65.92	-143.47	187.38

Credit	2009 Y	2010 Y	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
Total Debt	123	175	192	259	186	182	179	156	160	162	187	112	137	134	92
ST Debt	17	2	2	3	13	12	7	83	2	3	6	67	19	22	17
LT Debt	106	173	190	257	173	170	171	73	159	159	180	45	118	111	76
Total Debt/EBITDA	9.6	1.66	1.28	2.07	1.34	1.05	7.71	-12.49	2.25	1.48	2.71	-6.04	4.11	2	1.3
Net Debt/EBITDA	8.7	0.87	1.11	1.7	0.86	0.56	3.08	-5.47	1.46	0.97	1.61	-3.39	2.72	1.36	0.51
Total Debt/EBIT	-8.03	2.24	1.59	2.81	1.97	1.39	-8.61	-3.1	5.1	2.54	8.56	-1.76	-15.54	4.73	2.31
Net Debt/EBIT	-7.28	1.17	1.38	2.3	1.27	0.74	-3.44	-1.36	3.31	1.66	5.1	-0.99	-10.28	3.21	0.91
EBITDA to Interest Expense	1.37	10.23	16.24	12.86	12.29	16.55	2.54	-1.27	5.36	7.36	4.8	-1.69	3.79	9.5	8.72
EBITDA-CapEx/Interest Expense	1.37	10.23	16.24	12.86	12.29	16.55	2.54	-1.27	5.36	7.36	4.8	-1.69	3.79	9.5	8.72
EBIT to Interest Expense	-1.64	7.6	13.1	9.49	8.37	12.52	-2.28	-5.12	2.37	4.28	1.52	-5.82	-1	4.02	4.89
Interest Expense	9	10	9	10	11	10	9	10	13	15	14	11	9	7	8
Common Equity/Total Assets	-14.65	-5.98	4.05	9.65	16.66	26.16	20.35	16.4	13.78	16.36	15.02	7.33	3.38	0.5	1.85
Long-Term Debt/Equity (%)	28.75	41.45	38.14	50.01	29.74	27.25	32.91	14.56	29.03	27.95	32.9	9.17	25.51	26.36	18.18
Long-Term Debt/Capital (%)	283.77	132.57	83.27	72.27	49.8	38.24	48.73	25.39	55.79	51.1	56.05	27.25	72.54	81.07	72.39
Long-Term Debt/Total Assets (%)	18.08	23.46	21.41	25.82	17.84	16.92	20.17	9.13	17.61	17.39	20.05	6.31	15.67	15.6	11.76
Total Debt/Equity (%)	33.43	41.83	38.59	50.51	31.95	29.12	34.33	31.22	29.31	28.39	34.05	23	29.66	31.66	22.25
Total Debt/Capital (%)	329.95	133.8	84.24	73	53.51	40.86	50.83	54.42	56.33	51.91	58.02	68.33	84.35	97.38	88.6
Total Debt/Total Assets (%)	21.03	23.68	21.66	26.09	19.17	18.07	21.04	19.58	17.78	17.66	20.76	15.83	18.22	18.73	14.39
Net Debt to Equity	30.3	21.94	33.52	41.39	20.62	15.52	13.73	13.66	19.02	18.54	20.27	12.9	19.62	21.5	8.77
Net Debt/Capital (%)	432.94	192.89	82.28	68.9	42.62	26.91	29.26	34.32	45.56	41.34	40.68	44.96	65.5	79.52	55.43
EBITDA	13	105	150	125	139	173	23	-13	71	109	69	-19	33	67	71
EBITDA-CapEx	13	105	150	125	139	173	23	-13	71	109	69	-19	33	67	71
Operating Income (Loss)	-15	78	121	92	94	131	-21	-50	31	64	22	-64	-9	28	40

Liquidity	2009 Y	2010 Y	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
Cash Ratio	0.11	0.75	0.17	0.29	0.43	0.49	0.85	0.49	0.36	0.4	0.38	0.16	0.16	0.14	0.28
Current Ratio	2.55	3.96	3.77	3.78	3.64	3.55	4.04	2.57	3.19	3.69	3.72	2.14	2.58	2.61	2.62
Quick Ratio	1.27	2.52	2.41	2.25	2.17	2.34	2.5	1.68	2.03	2.19	2.06	1.08	1.45	1.63	1.52
CFO/Avg Current Liab	0.7	0.29	-0.11	0.72	0.97	0.55	0.82	0.07	0.23	0.42	0.53	0.39	-0.02	-0.16	0.67
Common Equity/Total Assets	-14.65	-5.98	4.05	9.65	16.66	26.16	20.35	16.4	13.78	16.36	15.02	7.33	3.38	0.5	1.85
Long-Term Debt/Equity (%)	28.75	41.45	38.14	50.01	29.74	27.25	32.91	14.56	29.03	27.95	32.9	9.17	25.51	26.36	18.18
Long-Term Debt/Capital (%)	283.77	132.57	83.27	72.27	49.8	38.24	48.73	25.39	55.79	51.1	56.05	27.25	72.54	81.07	72.39
Long-Term Debt/Total Assets (%)	18.08	23.46	21.41	25.82	17.84	16.92	20.17	9.13	17.61	17.39	20.05	6.31	15.67	15.6	11.76
Total Debt/Equity (%)	33.43	41.83	38.59	50.51	31.95	29.12	34.33	31.22	29.31	28.39	34.05	23	29.66	31.66	22.25
Total Debt/Capital (%)	329.95	133.8	84.24	73	53.51	40.86	50.83	54.42	56.33	51.91	58.02	68.33	84.35	97.38	88.6
Total Debt/Total Assets (%)	21.03	23.68	21.66	26.09	19.17	18.07	21.04	19.58	17.78	17.66	20.76	15.83	18.22	18.73	14.39
CFO/Total Liabilities	40.91	9.84	-3.49	22.92	39.21	23.33	36.98	3.73	10.8	18.32	20.57	25.23	-1.04	-8.57	44.06
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.01	1.97	2.32	2.25	2.43	2.72	1.59	1.07	1.74	2.15	1.81	0.88	1.33	1.9	2.01

Working Capital	2009 Y	2010 Y	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
Accounts Receivable Turnover	2.98	4.69	3.7	3.3	3.86	4.12	3.03	3.09	3.73	3.9	3.73	2.98	3.98	4.04	3.92
Days Sales Outstanding	122.45	77.86	98.57	110.51	94.58	88.53	120.37	118.31	97.9	93.61	97.84	122.34	91.78	90.27	93.12
Inventory Turnover	3.38	4.84	4.77	4.21	4.3	4.54	3.33	2.85	3.94	4.23	3.48	2.75	3.49	4.55	4.2
Days Inventory Outstanding	107.96	75.45	76.5	86.78	84.91	80.37	109.75	128.08	92.75	86.19	104.96	132.95	104.49	80.18	86.81
Accounts Payable Turnover	5.44	9.04	9.37	8.19	8.48	8.98	6.27	6.08	8.18	8.91	8.04	6.58	8.03	7.72	7.36
Accounts Payable Turnover Days	67.04	40.38	38.94	44.56	43.03	40.64	58.17	60.06	44.62	40.97	45.41	55.51	45.48	47.25	49.59
Cash Conversion Cycle	163.37	112.94	136.12	152.73	136.46	128.26	171.94	186.32	146.03	138.84	157.39	199.78	150.79	123.19	130.34
Inventory to Cash Days	14.49	2.41	22.07	23.73	9.67	8.15	10.62	-9.77	5.15	7.42	-7.11	-10.6	-12.71	10.1	6.32
Inventories	115	123	176	210	190	197	164	144	165	197	197	148	155	150	141
Raw Materials	114	123	175	175	155	154	135	117	124	150	146	105	124	115	108
Work In Process	- -	- -	- -	34	34	41	25	24	30	38	40	32	28	29	- -
Finished Goods	2	- -	1	- -	1	2	4	3	10	9	11	11	3	6	14
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18

Enterprise Value	2009 Y	2010 Y	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
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	12	83	25	47	66	85	107	88	56	56	49	24	24	23	39
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	123	175	192	259	186	182	179	156	160	162	187	112	137	134	92
Enterprise Value	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54
Total Capital	37	130	228	355	347	446	351	287	285	312	322	164	163	138	104
Total Debt/Capital (%)	329.95	133.8	84.24	73	53.51	40.86	50.83	54.42	56.33	51.91	58.02	68.33	84.35	97.38	88.6
Total Debt / EV	1.1	1.91	1.15	1.22	1.55	1.88	2.5	2.28	1.54	1.53	1.35	1.27	1.21	1.21	1.72
EV/Sales	0.23	0.13	0.18	0.22	0.11	0.09	0.11	0.15	0.14	0.11	0.17	0.18	0.18	0.14	0.07
EV/EBITDA	8.7	0.87	1.11	1.7	0.86	0.56	3.08	- -	1.46	0.97	2	- -	3.39	1.66	0.75
EV/EBIT	- -	1.17	1.38	2.3	1.27	0.74	- -	- -	3.31	1.66	6.33	- -	- -	3.92	1.35
EV/Cash Flow to Firm	1.15	2.43	- -	1.83	0.75	1.01	0.55	3.95	2.19	1.44	1.05	1.35	12.14	- -	0.51
EV/Free Cash Flow to Firm	1.15	2.43	- -	1.83	0.75	1.01	0.55	3.95	2.19	1.44	1.05	1.35	12.14	- -	0.51
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54
EV per Share	1.26	1.03	1.85	2.43	1.41	1.17	0.86	0.82	1.22	1.17	1.54	0.98	1.24	1.19	0.62
TTM Sales	490	716	909	984	1,042	1,118	677	471	748	947	820	493	615	816	750
TTM EBITDA	13	105	150	125	139	173	23	-13	71	109	69	-19	33	67	71
TTM Operating Income	-15	78	121	92	94	131	-21	-50	31	64	22	-64	-9	28	40
TTM Cash Flow to Firm	97	38	-8	116	159	96	129	17	48	74	131	65	9	-16	105
TTM Free Cash Flow to Firm	97	38	-8	116	159	96	129	17	48	74	131	65	9	-16	105

Multiples	2009 Y	2010 Y	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
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	0.23	0.13	0.18	0.22	0.11	0.09	0.11	0.15	0.14	0.11	0.17	0.18	0.18	0.14	0.07
EV/Sales Average	0.23	0.13	0.18	0.22	0.11	0.09	0.11	0.15	0.14	0.11	0.17	0.18	0.18	0.14	0.07
EV/Sales High	0.23	0.13	0.18	0.22	0.11	0.09	0.11	0.15	0.14	0.11	0.17	0.18	0.18	0.14	0.07
EV/Sales Low	0.23	0.13	0.18	0.22	0.11	0.09	0.11	0.15	0.14	0.11	0.17	0.18	0.18	0.14	0.07
EV/EBITDA	8.7	0.87	1.11	1.7	0.86	0.56	3.08	- -	1.46	0.97	2	- -	3.39	1.66	0.75
EV/EBITDA Average	8.7	0.87	1.11	1.7	0.86	0.56	3.08	-5.47	1.46	0.97	2	-4.73	3.39	1.66	0.75
EV/EBITDA High	8.7	0.87	1.11	1.7	0.86	0.56	3.08	-5.47	1.46	0.97	2	-4.73	3.39	1.66	0.75
EV/EBITDA Low	8.7	0.87	1.11	1.7	0.86	0.56	3.08	-5.47	1.46	0.97	2	-4.73	3.39	1.66	0.75
EV/EBIT	- -	1.17	1.38	2.3	1.27	0.74	- -	- -	3.31	1.66	6.33	- -	- -	3.92	1.35
EV/EBIT Average	-7.28	1.17	1.38	2.3	1.27	0.74	-3.44	-1.36	3.31	1.66	6.33	-1.38	-12.81	3.92	1.35
EV/EBIT High	-7.28	1.17	1.38	2.3	1.27	0.74	-3.44	-1.36	3.31	1.66	6.33	-1.38	-12.81	3.92	1.35
EV/EBIT Low	-7.28	1.17	1.38	2.3	1.27	0.74	-3.44	-1.36	3.31	1.66	6.33	-1.38	-12.81	3.92	1.35
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54
Enterprise Value Average	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54
Enterprise Value High	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54
Enterprise Value Low	111	92	167	213	120	97	71	68	104	106	138	88	113	111	54

Per Share Data Items	2009 Y	2010 Y	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
Shares Outstanding	89	90	92	86	87	84	84	85	89	91	90	91	92	90	85
Diluted Weighted Avg Shares	88	90	107	104	103	100	83	84	88	93	90	90	91	93	88
Basic Weighted Avg Shares	88	89	90	88	85	83	83	84	85	90	90	90	91	93	86
Revenue per Share	5.54	8.08	10.1	11.24	12.25	13.48	8.18	5.63	8.75	10.52	9.13	5.46	6.72	8.8	8.68
EBITDA per Share	0.14	1.19	1.66	1.43	1.63	2.08	0.28	-0.15	0.83	1.22	0.77	-0.21	0.37	0.72	0.83
Operating Income per Share	-0.17	0.88	1.34	1.05	1.11	1.57	-0.25	-0.6	0.37	0.71	0.24	-0.71	-0.1	0.31	0.46
Basic EPS, GAAP	-0.23	0.47	0.89	0.69	0.77	1.23	-1.1	-0.49	-0.07	0.36	-0.14	-0.89	-0.28	-0.22	0.17
Basic EPS from Cont Ops	-0.23	0.47	0.79	0.58	0.62	0.95	-1.1	-0.49	0.13	0.36	-0.14	-0.89	-0.28	-0.22	0.17
Diluted EPS, GAAP	-0.23	0.46	0.75	0.58	0.64	1.02	-1.1	-0.49	-0.07	0.35	-0.14	-0.89	-0.28	-0.22	0.16
Diluted EPS from Cont Ops	-0.23	0.46	0.67	0.48	0.51	0.79	-1.1	-0.49	0.13	0.35	-0.14	-0.89	-0.28	-0.22	0.16
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1	0.36	-0.15	1.26	1.79	1.07	1.47	0.13	0.45	0.7	0.81	0.62	-0.03	-0.27	1.16
Free Cash Flow per Basic Share	1	0.36	-0.15	1.26	1.79	1.07	1.47	0.13	0.45	0.7	0.81	0.62	-0.03	-0.27	1.16
Cash & Equivalents per Share	0.13	0.94	0.28	0.54	0.77	1.02	1.3	1.05	0.66	0.62	0.54	0.27	0.26	0.25	0.45
Book Value per Share	-0.97	-0.5	0.4	1.1	1.9	3.18	2.09	1.56	1.46	1.67	1.51	0.58	0.28	0.04	0.14
Tangible Book Value per Share	3.27	3.86	4.5	4.44	5.42	6.24	5.93	5.67	5.55	5.56	5.31	4.66	4.27	3.84	4.06

NPK International Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items