Ocugen, Inc. Financial Ratios — OCGN Stock

Profitability (USD)

	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	12/31/2012	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-143.48	-56.77	-62.62	-44.49	-112.13	-60.73	-118.26	-98.78	-87.68	-80.98	-72.85	-73.55	-107.73
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	- -	- -	- -	- -	- -	- -	100	- -	100	100	100	100
EBITDA Margin (%)	-55,115.38	-202,737.5	- -	- -	- -	- -	- -	- -	-32,983.72	- -	-3,560.73	-1,074.01	-1,301.82	-1,371.56
Operating Margin (%)	-57,569.23	-209,812.5	- -	- -	- -	- -	- -	- -	-33,220.93	- -	-3,580.02	-1,085.67	-1,350.36	-1,425.7
Incremental Operating Margin (%)	- -	- -	197,712.5	- -	- -	- -	- -	- -	- -	101,727.91	- -	- -	- -	- -
Pretax Margin (%)	-65,134.62	-321,400	- -	- -	- -	- -	- -	- -	-50,748.84	- -	-3,488.91	-1,045.03	-1,333.02	-1,537.41
Profit Margin (%)	-65,134.62	-321,400	- -	- -	- -	- -	- -	- -	-50,748.84	- -	-3,488.91	-1,045.03	-1,333.02	-1,537.41
Net Income to Common Margin (%)	-65,134.62	-321,400	- -	- -	- -	- -	- -	- -	-79,925.58	- -	-3,488.91	-1,045.03	-1,333.02	-1,537.41
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	-16.92	-17.4	-1.42	- -	36.5	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	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	12/31/2012	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	- -	- -	2	1	1	- -	- -	1	2	3	6	7	33	33
ST Debt	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -	1	2	2
LT Debt	- -	- -	1	1	- -	- -	- -	1	2	3	6	6	31	31
Total Debt/EBITDA	- -	- -	-0.05	-0.04	-0.03	-0.01	- -	-0.1	-0.18	-0.06	-0.07	-0.11	-0.62	-0.55
Net Debt/EBITDA	1.03	0.54	1.78	0.99	1.1	0.29	0.61	0.45	1.55	1.61	0.85	0.57	0.57	-0.17
Total Debt/EBIT	- -	- -	-0.05	-0.04	-0.03	-0.01	- -	-0.1	-0.17	-0.06	-0.07	-0.11	-0.59	-0.53
Net Debt/EBIT	0.98	0.52	1.74	0.94	1.03	0.28	0.6	0.45	1.54	1.61	0.85	0.56	0.55	-0.16
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	-7.98	-19.67	-731.63	- -	- -	-76.73	-11.67
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	-7.99	-20.1	-743.52	- -	- -	-81.65	-11.7
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	-8.01	-19.81	-734.53	- -	- -	-79.59	-12.13
Interest Expense	- -	- -	- -	- -	- -	- -	- -	2	1	- -	- -	- -	1	5
Common Equity/Total Assets	-404.06	-748.46	-203.69	-449.72	-503.39	-1,885.17	-1,241.2	-303.15	-261.04	-122.61	-203.32	-439.37	-409.14	-930.56
Long-Term Debt/Equity (%)	- -	- -	2.48	2.7	1.31	- -	- -	11.21	10.26	3.07	7.94	15.7	103.46	- -
Long-Term Debt/Capital (%)	- -	- -	-1.02	-0.46	-0.1	- -	- -	-2.49	-3.21	-2.33	-2.74	-2.3	-10.06	-8.35
Long-Term Debt/Total Assets (%)	- -	- -	2.05	2.07	0.49	- -	- -	7.35	8.08	2.78	5.41	9.86	37.19	71.32
Total Debt/Equity (%)	- -	- -	3.23	4.77	5.61	-1.58	- -	12.78	11.55	3.45	8.62	17.11	109.69	-272.43
Total Debt/Capital (%)	- -	- -	-1.33	-0.82	-0.42	-0.09	- -	-2.84	-3.61	-2.62	-2.97	-2.51	-10.66	-8.91
Total Debt/Total Assets (%)	- -	- -	2.67	3.65	2.11	1.61	- -	8.38	9.1	3.13	5.87	10.75	39.43	76.17
Net Debt to Equity	74.66	11.56	-104.74	-104.87	-229.58	61.26	3,393.45	-57.83	-102	-97.32	-101.75	-90.38	-100.71	-84.01
Net Debt/Capital (%)	14.75	7.31	29.85	15.16	14.64	3.21	6.7	11.18	23.63	42.13	25.77	11.6	8.21	-2.62
EBITDA	-14	-16	-32	-30	-28	-23	-25	-14	-14	-58	-89	-65	-53	-61
EBITDA-CapEx	-14	-17	-35	-32	-29	-24	-27	-14	-14	-59	-93	-75	-56	-61
Operating Income (Loss)	-15	-17	-33	-32	-30	-25	-26	-14	-14	-58	-89	-66	-55	-63

Liquidity (USD)

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	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	12/31/2012	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	3.34	1.72	7.7	4.86	6.17	2.1	5.41	1.64	6.65	13.57	3.19	2.31	2.71	0.81
Current Ratio	3.42	2.03	7.81	4.91	6.2	2.15	5.71	3.47	7.16	14.66	3.45	2.51	2.86	1.06
Quick Ratio	3.34	1.72	7.7	4.86	6.17	2.1	5.41	1.64	6.65	13.57	3.19	2.31	2.71	0.81
CFO/Avg Current Liab	- -	-3.22	-2.83	-4.3	-4.46	-5.13	-4.73	-4.56	-3.61	-9.03	-3.38	-2.72	-2.18	-2.55
Common Equity/Total Assets	-404.06	-748.46	-203.69	-449.72	-503.39	-1,885.17	-1,241.2	-303.15	-261.04	-122.61	-203.32	-439.37	-409.14	-930.56
Long-Term Debt/Equity (%)	- -	- -	2.48	2.7	1.31	- -	- -	11.21	10.26	3.07	7.94	15.7	103.46	- -
Long-Term Debt/Capital (%)	- -	- -	-1.02	-0.46	-0.1	- -	- -	-2.49	-3.21	-2.33	-2.74	-2.3	-10.06	-8.35
Long-Term Debt/Total Assets (%)	- -	- -	2.05	2.07	0.49	- -	- -	7.35	8.08	2.78	5.41	9.86	37.19	71.32
Total Debt/Equity (%)	- -	- -	3.23	4.77	5.61	-1.58	- -	12.78	11.55	3.45	8.62	17.11	109.69	-272.43
Total Debt/Capital (%)	- -	- -	-1.33	-0.82	-0.42	-0.09	- -	-2.84	-3.61	-2.62	-2.97	-2.51	-10.66	-8.91
Total Debt/Total Assets (%)	- -	- -	2.67	3.65	2.11	1.61	- -	8.38	9.1	3.13	5.87	10.75	39.43	76.17
CFO/Total Liabilities	-30.01	-16.91	-158.84	-349.72	-114.33	-103.21	-88.21	-291.81	-252.47	-482.16	-173.38	-258.74	-79.8	-102.3
CFO/CapEx	-154.84	-25.3	-5.4	-15.41	-80.42	-83.41	-7.84	-563.1	-47.91	-51.06	-13.48	-5.92	-12.45	-307.91
Altman's Z-Score	-7.62	-14.35	-2.68	-5.13	-8.28	-32.15	-21.27	-5.52	16.66	51.08	0.05	-5.47	-4.86	-13.4

Working Capital (USD)

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	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	12/31/2012	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

- -

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)

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	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	12/31/2012	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	- -	- -	17	46	24	46	3	7	205	887	279	140	218	405
- Cash & Cash Equivalents	15	9	59	31	32	7	16	7	24	95	78	39	59	19
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	2	1	1	- -	- -	1	2	3	6	7	33	33
Enterprise Value	-15	-9	-40	17	-7	39	-12	1	184	796	194	108	192	420
Total Capital	-85	-111	-132	-164	-181	-208	-216	-50	-69	-126	-214	-277	-305	-372
Total Debt/Capital (%)	- -	- -	-1.33	-0.82	-0.42	-0.09	- -	-2.84	-3.61	-2.62	-2.97	-2.51	-10.66	-8.91
Total Debt / EV	- -	- -	-0.04	0.08	-0.1	- -	- -	1.18	0.01	- -	0.03	0.06	0.17	0.08
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	4,275.42	- -	78.14	17.89	47.38	95.13
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	17	46	24	46	3	7	205	887	279	140	218	405
Diluted Enterprise Value	-15	-9	-40	17	-7	40	-12	1	184	796	208	108	192	420
EV per Share	- -	- -	- -	75.91	- -	102.35	- -	0.09	1.64	4.08	0.91	0.44	0.71	1.4
TTM Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	6	4	4
TTM EBITDA	-14	-16	-32	-30	-28	-23	-25	-14	-14	-58	-89	-65	-53	-61
TTM Operating Income	-15	-17	-33	-32	-30	-25	-26	-14	-14	-58	-89	-66	-55	-63
TTM Cash Flow to Firm	-12	-15	-18	-30	-26	-23	-16	-15	-14	-48	-60	-62	-41	-52
TTM Free Cash Flow to Firm	-12	-15	-15	-28	-25	-23	-14	-15	-14	-47	-56	-52	-38	-52

Multiples (USD)

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	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	12/31/2012	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	- -	- -	-1.15	-1.65	-0.95	-2.04	-0.24	-0.43	-14.26	-18.88	-5.02	-2.72	-5.63	-7.14
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-15	-9	-40	17	-7	39	-12	1	184	796	194	108	192	420
Low Price	- -	- -	615	162.6	83.4	87	4.8	0.24	0.17	1.4	1.09	0.34	0.49	0.52
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	4,275.42	- -	78.14	17.89	47.38	95.13
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-0.74	-2.81	-2.46	-1.84	-8.22	-5.7	-1.36	-25.07	-6.14	-2.54	-5.88	-4.51
Price/Earnings High	- -	- -	-0.87	-5.15	-4.6	-2.42	-14.31	-14.83	-9.96	-62.72	-12.11	-6	-10.58	-8.41
Price/Earnings Low	- -	- -	-0.69	-1.12	-1.43	-1.46	-0.34	-0.16	-0.56	-4.68	-2.69	-1.34	-2.46	-2.28
Price/Book Value	- -	- -	-0.13	-0.28	-0.13	-0.22	-0.01	-0.14	-2.87	-6.84	-1.26	-0.5	-0.65	-1
Price/Book Value Average	- -	- -	-0.13	-0.54	-0.19	-0.2	-0.32	-2.26	-0.65	-11.28	-2.41	-0.56	-0.94	-0.76
Price/Book Value High	- -	- -	-0.15	-1	-0.35	-0.26	-0.56	-5.89	-4.79	-28.23	-4.76	-1.34	-1.7	-1.41
Price/Book Value Low	- -	- -	-0.12	-0.22	-0.11	-0.16	-0.01	-0.06	-0.27	-2.11	-1.06	-0.3	-0.39	-0.38
Price/Tangible Book Value	- -	- -	0.31	1.65	1.75	-4.12	-6.99	0.66	9.53	9.26	3.77	3.46	7.36	-33.31
Price/Tangible Book Value Average	- -	- -	0.31	3.22	2.52	-3.67	-152.9	10.47	2.16	15.27	7.21	3.94	10.73	-25.16
Price/Tangible Book Value High	- -	- -	0.37	5.89	4.7	-4.83	-266.24	27.24	15.88	38.2	14.21	9.34	19.3	-46.88
Price/Tangible Book Value Low	- -	- -	0.29	1.28	1.46	-2.92	-6.36	0.3	0.89	2.85	3.16	2.08	4.49	-12.71
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	4,776.56	- -	112.13	23.28	53.8	91.83
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	1,084.35	- -	214.33	26.51	78.42	69.36
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	7,960.93	- -	422.64	62.74	141.01	129.24
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	443.72	- -	94.02	13.97	32.78	35.03
Price/Cash Flow	- -	- -	-0.94	-1.54	-0.93	-2.02	-0.2	-0.43	-13.96	-18.51	-4.64	-2.26	-5.18	-7.11
Price/Cash Flow Average	- -	- -	-0.94	-3	-1.33	-1.8	-4.44	-6.83	-3.17	-30.52	-8.88	-2.58	-7.55	-5.37
Price/Cash Flow High	- -	- -	-1.11	-5.49	-2.48	-2.36	-7.73	-17.77	-23.27	-76.35	-17.5	-6.1	-13.57	-10.01
Price/Cash Flow Low	- -	- -	-0.88	-1.19	-0.77	-1.43	-0.18	-0.19	-1.3	-5.69	-3.89	-1.36	-3.15	-2.71
Price/Free Cash Flow Average	- -	- -	-1.15	-3.21	-1.36	-1.82	-5.18	-6.84	-3.24	-31.13	-9.59	-3.1	-8.2	-5.39
Price/Free Cash Flow High	- -	- -	-1.36	-5.87	-2.53	-2.39	-9.03	-17.8	-23.77	-77.88	-18.91	-7.34	-14.75	-10.04
Price/Free Cash Flow Low	- -	- -	-1.08	-1.28	-0.79	-1.45	-0.22	-0.19	-1.32	-5.81	-4.21	-1.63	-3.43	-2.72
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	583.21	- -	185.72	21.12	72.01	72.67
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	7,459.79	- -	394.03	57.35	134.6	132.54
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	65.4	8.58	26.37	38.33
EV/EBITDA Average	1.03	0.54	1.25	-2.02	-0.11	-1.47	-2.15	-7.75	-1.77	-23.73	-5.22	-1.97	-5.53	-5.3
EV/EBITDA High	1.03	0.54	1.16	-4.53	-1.15	-2.03	-4.19	-20.85	-22.62	-61.74	-11.07	-5.34	-10.34	-9.66
EV/EBITDA Low	1.03	0.54	1.29	-0.21	0.4	-1.11	0.5	0.2	0.17	-3.14	-1.84	-0.8	-2.03	-2.79
EV/EBIT Average	0.98	0.52	1.22	-1.92	-0.1	-1.38	-2.11	-7.72	-1.76	-23.63	-5.19	-1.95	-5.33	-5.1
EV/EBIT High	0.98	0.52	1.13	-4.3	-1.08	-1.9	-4.12	-20.76	-22.46	-61.5	-11.01	-5.28	-9.97	-9.3
EV/EBIT Low	0.98	0.52	1.26	-0.2	0.38	-1.04	0.49	0.2	0.17	-3.13	-1.83	-0.79	-1.95	-2.69
Last Price	- -	- -	660	210	100.2	123	5.28	0.52	1.83	4.55	1.3	0.57	0.8	1.35
High Price	- -	- -	778.2	748.2	268.2	144	201	21.6	3.05	18.77	4.9	1.55	2.11	1.9
Enterprise Value Average	-15	-9	-40	61	3	34	54	109	25	1,371	462	127	292	321
Enterprise Value High	-15	-9	-37	135	33	48	106	294	321	3,569	980	346	546	585
Enterprise Value Low	-15	-9	-41	6	-11	26	-13	-3	-2	181	163	52	107	169

Shares Outstanding	- -	- -	- -	- -	- -	- -	1	53	184	199	222	257	291	312
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	1	14	112	195	215	244	271	300
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	1	14	112	195	215	244	271	300
Revenue per Share	0.12	0.04	- -	- -	- -	- -	- -	- -	- -	- -	0.01	0.02	0.01	0.01
EBITDA per Share	-67.4	-76.28	-1,246.71	-135.56	-119.66	-61.97	-41.85	-1.01	-0.13	-0.3	-0.41	-0.27	-0.19	-0.2
Operating Income per Share	-70.4	-78.94	-1,275.11	-142.88	-126.7	-66.03	-42.59	-1.02	-0.13	-0.3	-0.42	-0.27	-0.2	-0.21
Basic EPS, GAAP	-79.65	-120.93	-891.47	-145.22	-58.34	-59.55	-14.05	-1.46	-0.31	-0.3	-0.4	-0.26	-0.2	-0.23
Basic EPS from Cont Ops	-79.65	-120.93	-891.47	-145.22	-68.21	-69.91	-14.25	-1.46	-0.19	-0.3	-0.4	-0.26	-0.2	-0.23
Diluted EPS, GAAP	-79.65	-120.93	-891.47	-145.22	-57.8	-59.55	-13.79	-1.46	-0.31	-0.3	-0.4	-0.26	-0.2	-0.23
Diluted EPS from Cont Ops	-79.65	-120.93	-891.47	-145.22	-67.58	-69.91	-13.98	-1.46	-0.19	-0.3	-0.4	-0.26	-0.2	-0.23
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-57.53	-71.88	-701.58	-136.19	-108.31	-60.93	-26.01	-1.22	-0.13	-0.25	-0.28	-0.25	-0.16	-0.19
Free Cash Flow per Basic Share	-57.9	-74.72	-831.47	-145.03	-109.65	-61.66	-29.32	-1.22	-0.13	-0.25	-0.3	-0.3	-0.17	-0.19
Cash & Equivalents per Share	69.21	41.08	2,289.07	140.19	134.28	21.12	25.62	0.54	0.21	0.49	0.42	0.16	0.22	0.06
Book Value per Share	-399.92	-520.85	-5,218.01	-750.18	-764.3	-550.58	-356.58	-3.67	-0.64	-0.66	-1.03	-1.16	-1.24	-1.35
Tangible Book Value per Share	-95.67	-358.03	2,100.13	126.96	57.1	-29.82	-0.75	0.79	0.19	0.49	0.34	0.17	0.11	-0.04

Ocugen, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)