North European Oil Royalty Trust Financial Ratios — NRT

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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Return on Common Equity (%)	31,195.37	24,998.57	29,803.01	16,563.4	9,285.41	8,679.57	8,437.44	7,014.88	7,615.42	1,121.29	1,351.35	6,634.02	3,565.7	452.25	470.09
Return on Assets (%)	432.69	420.65	425.62	416.1	389.42	365.74	426.96	357.67	497.23	293.36	386.26	397.27	530.09	417.91	247.68
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	100	100	100	100	100	100	100	100	100	100	87.24	96.1	95.65	86.34	90.93
Operating Margin (%)	100	100	100	100	100	100	100	100	100	100	87.24	96.1	95.65	86.34	90.93
Incremental Operating Margin (%)	100	100	100	100	100	100	100	100	100	100	-6.35	99.18	93.79	98.97	100.2
Pretax Margin (%)	96.21	95.51	95.77	95.34	93.46	88.22	90.52	89.02	90.81	81.14	86.4	96	96.17	87.43	91.78
Profit Margin (%)	96.21	95.51	95.77	95.34	93.46	88.22	90.52	89.02	90.81	81.14	86.4	96	96.17	87.43	91.78
Net Income to Common Margin (%)	96.21	95.51	95.77	95.34	93.46	88.22	90.52	89.02	90.81	81.14	86.4	96	96.17	87.43	91.78
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	96.86	105.28	- -	106.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	979.73	-1,319.77	29,803.01	-1,068.23	9,285.41	8,679.57	8,437.44	7,014.88	7,615.42	1,121.29	1,351.35	6,634.02	3,565.7	452.25	470.09

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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.24	-0.2	-0.23	-0.2	-0.18	-0.17	-0.27	-0.2	-0.19	-0.16	-0.35	-0.42	-0.04	-0.33	-0.61
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.24	-0.2	-0.23	-0.2	-0.18	-0.17	-0.27	-0.2	-0.19	-0.16	-0.35	-0.42	-0.04	-0.33	-0.61
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.51	1.9	0.97	4.54	3.6	5.36	4.9	5.4	7.57	71.7	8.71	5.46	100	88.69	40.46
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-6,643.53	-5,250.77	-10,359.51	-2,203.39	-2,774.69	-1,865.24	-2,042.72	-1,853.5	-1,321.34	-139.46	-1,148.17	-1,833.1	-100	-112.75	-247.16
Net Debt/Capital (%)	101.53	101.94	100.97	104.75	103.74	105.66	105.15	105.7	108.19	353.4	109.54	105.77	-79,520,100	884.25	167.95
EBITDA	25	24	22	19	12	7	8	7	8	4	4	17	21	5	8
EBITDA-CapEx	25	24	22	19	12	7	8	7	8	4	4	17	21	5	8
Operating Income (Loss)	25	24	22	19	12	7	8	7	8	4	4	17	21	5	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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Cash Ratio	1.02	1.02	1.01	1.05	1.04	1.06	1.05	1.06	1.08	3.53	1.1	1.06	- -	8.84	1.68
Current Ratio	1.02	1.02	1.01	1.05	1.04	1.06	1.05	1.06	1.08	3.53	1.1	1.06	- -	8.84	1.68
Quick Ratio	1.02	1.02	1.01	1.05	1.04	1.06	1.05	1.06	1.08	3.53	1.1	1.06	- -	8.84	1.68
CFO/Avg Current Liab	4.57	4.49	- -	4.48	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.51	1.9	0.97	4.54	3.6	5.36	4.9	5.4	7.57	71.7	8.71	5.46	100	88.69	40.46
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	428	505.91	- -	528.57	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	49.17	54.58	44.7	49.93	50.22	64.57	33.99	50.14	45.7	122.57	57.76	23.06	- -	169.91	20.54

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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Market Capitalization	304	260	210	168	91	71	61	66	56	29	96	143	100	47	58
- Cash & Cash Equivalents	6	5	5	4	2	1	2	1	2	1	1	7	1	2	5
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	304	260	210	168	91	71	61	66	56	29	96	143	101	47	58
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	25	24	22	19	12	7	8	7	8	4	5	18	22	6	9
TTM EBITDA	25	24	22	19	12	7	8	7	8	4	4	17	21	5	8
TTM Operating Income	25	24	22	19	12	7	8	7	8	4	4	17	21	5	8
TTM Cash Flow to Firm	25	24	- -	19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	25	24	- -	19	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Price/Free Cash Flow	12.08	10.95	- -	8.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	27	26.61	21.13	17	8.7	5.6	5.94	6.25	5.12	2.19	2.78	7.61	10.03	4.77	3.88
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	12.57	11.48	10.16	9.32	7.86	11.6	8.71	10.31	7.42	8.75	24.2	8.36	4.75	9.32	7.33
Price/Earnings Average	11.89	12.56	10.89	11.26	9.78	12.32	9.06	11.41	8.15	11.2	13.05	7.61	5.83	11.17	5.57
Price/Earnings High	13.29	13.9	12.69	12.6	15.15	15.4	10.73	13.48	9.4	18.01	24.87	11.14	8.04	18.64	7.34
Price/Earnings Low	10.26	10.82	9.41	8.66	6.9	8.38	7.77	8.96	6.21	6.12	6.43	4.09	4.36	8.67	4.49
Price/Book Value	3,383.21	2,852.11	4,417.4	986.44	1,151.28	1,140.05	588.12	840.51	467.16	61.76	783.88	363.95	126.21	32.71	30.05
Price/Book Value Average	3,201.36	3,120.93	4,733.24	1,192.16	1,433.48	1,211.45	611.7	930.27	512.75	79.02	422.74	331.39	154.87	39.21	22.83
Price/Book Value High	3,578.49	3,454.05	5,514.97	1,333.77	2,219.99	1,513.7	724.11	1,098.86	591.59	127.07	805.59	485.27	213.7	65.41	30.1
Price/Book Value Low	2,760.55	2,687.49	4,090.26	916.86	1,011.73	823.78	524.54	730.63	390.83	43.21	208.14	178.23	115.92	30.41	18.42
Price/Tangible Book Value	3,383.21	2,852.11	4,417.4	986.44	1,151.28	1,140.05	588.12	840.51	467.16	61.76	783.88	363.95	126.21	32.71	30.05
Price/Tangible Book Value Average	3,201.36	3,120.93	4,733.24	1,192.16	1,433.48	1,211.45	611.7	930.27	512.75	79.02	422.74	331.39	154.87	39.21	22.83
Price/Tangible Book Value High	3,578.49	3,454.05	5,514.97	1,333.77	2,219.99	1,513.7	724.11	1,098.86	591.59	127.07	805.59	485.27	213.7	65.41	30.1
Price/Tangible Book Value Low	2,760.55	2,687.49	4,090.26	916.86	1,011.73	823.78	524.54	730.63	390.83	43.21	208.14	178.23	115.92	30.41	18.42
Price/Sales	12.09	10.96	9.73	8.88	7.34	10.23	7.89	9.18	6.74	7.1	20.91	8.02	4.57	8.15	6.73
Price/Sales Average	11.44	12	10.43	10.73	9.14	10.87	8.2	10.16	7.4	9.09	11.28	7.31	5.6	9.77	5.11
Price/Sales High	12.79	13.28	12.15	12.01	14.16	13.59	9.71	12	8.54	14.61	21.49	10.7	7.73	16.3	6.74
Price/Sales Low	9.87	10.33	9.01	8.25	6.45	7.39	7.03	7.98	5.64	4.97	5.55	3.93	4.19	7.58	4.12
Price/Cash Flow	12.08	10.95	- -	8.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	11.43	11.98	- -	10.72	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	12.78	13.26	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	9.86	10.31	- -	8.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	11.43	11.98	- -	10.72	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	12.78	13.26	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	9.86	10.31	- -	8.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	33.09	28.24	22.82	18.29	9.9	7.75	6.66	7.19	6.12	3.13	10.47	15.54	10.92	5.13	6.33
High Price	35	34.2	28.49	24.73	19.09	10.29	8.2	9.4	7.75	6.44	10.76	20.72	18.49	10.26	6.34
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Shares Outstanding	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Diluted Weighted Avg Shares	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Basic Weighted Avg Shares	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9
Revenue per Share	2.74	2.58	2.34	2.06	1.35	0.76	0.84	0.78	0.91	0.44	0.5	1.94	2.39	0.63	0.94
EBITDA per Share	2.74	2.58	2.34	2.06	1.35	0.76	0.84	0.78	0.91	0.44	0.44	1.86	2.29	0.54	0.86
Operating Income per Share	2.74	2.58	2.34	2.06	1.35	0.76	0.84	0.78	0.91	0.44	0.44	1.86	2.29	0.54	0.86
Basic EPS, GAAP	2.63	2.46	2.25	1.96	1.26	0.67	0.76	0.7	0.82	0.36	0.43	1.86	2.3	0.55	0.86
Basic EPS from Cont Ops	2.63	2.46	2.25	1.96	1.26	0.67	0.76	0.7	0.82	0.36	0.43	1.86	2.3	0.55	0.86
Diluted EPS, GAAP	2.63	2.46	2.25	1.96	1.26	0.67	0.76	0.7	0.82	0.36	0.43	1.86	2.3	0.55	0.86
Diluted EPS from Cont Ops	2.63	2.46	2.25	1.96	1.26	0.67	0.76	0.7	0.82	0.36	0.43	1.86	2.3	0.55	0.86
Dividend per Share	2.55	2.59	- -	2.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.74	2.58	- -	2.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	2.74	2.58	- -	2.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	0.65	0.52	0.54	0.41	0.24	0.13	0.23	0.16	0.17	0.07	0.15	0.78	0.09	0.18	0.52
Book Value per Share	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.05	0.01	0.04	0.09	0.16	0.21
Tangible Book Value per Share	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.05	0.01	0.04	0.09	0.16	0.21

North European Oil Royalty Trust