STONEPATH GROUP INC Financial Ratios — SGRZ Stock

Profitability (USD)

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Return on Common Equity (%)	- -	- -	-363.91	-57.31	47.43	-1.76	-25.75	-23.99
Return on Assets (%)	- -	-331.89	-122.82	-40.78	0.96	-1.09	-12.23	-7.54
Return on Capital (%)	- -	- -	- -	- -	1.36	-1.29	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	1.16	-3.03	- -	- -
Gross Margin (%)	- -	- -	- -	35.83	29.89	28.16	23.08	21.07
EBITDA Margin (%)	- -	- -	- -	-30.9	0.61	1.97	-0.38	0.11
Operating Margin (%)	- -	- -	- -	-30.9	0.61	1.87	0.51	-0.44
Incremental Operating Margin (%)	- -	- -	- -	27.06	5.19	3.46	- -	- -
Pretax Margin (%)	- -	- -	- -	-22.6	0.71	0.18	-2.51	-1.57
Profit Margin (%)	- -	- -	- -	-111.93	0.37	-0.36	-3.55	-2.37
Net Income to Common Margin (%)	- -	- -	- -	-138.54	12.6	-0.36	-3.55	-2.38
Effective Tax Rate (%)	- -	- -	- -	- -	48.13	183.68	- -	- -
Dvd Payout Ratio (%)	90.34	54.24	56	53.58	97.07	- -	- -	0.32
Sustainable Growth Rate (%)	- -	- -	-160.12	-26.6	1.39	-1.76	-25.75	-23.92

Credit (USD)

Credit Ratios API ChatGPT

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Total Debt	3	5	- -	1	- -	2	20	22
ST Debt	3	5	- -	1	- -	1	18	14
LT Debt	- -	- -	- -	- -	- -	1	2	8
Total Debt/EBITDA	0.73	-1.91	- -	-0.3	- -	0.42	-14.77	50.05
Net Debt/EBITDA	0.73	-0.77	5.02	2.86	-3.03	-0.55	-12.58	39.41
Total Debt/EBIT	-18.1	-1.91	- -	-0.3	- -	1.08	-3.67	-5.56
Net Debt/EBIT	-18.09	-0.77	3.92	2.86	-3.03	-1.43	-3.13	-4.38
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-2,355.1	12.16	96.46	78.81	61.43	62.39	36.58	26.98
Long-Term Debt/Equity (%)	- -	3.96	- -	- -	- -	1.97	4.59	17.69
Long-Term Debt/Capital (%)	- -	0.97	- -	- -	- -	1.91	3.26	11.76
Long-Term Debt/Total Assets (%)	- -	0.48	- -	- -	- -	1.26	1.87	5.62
Total Debt/Equity (%)	-29.06	309.43	- -	4.45	- -	3.13	40.92	50.35
Total Debt/Capital (%)	-40.96	75.58	- -	4.26	- -	3.04	29.04	33.49
Total Debt/Total Assets (%)	684.12	37.63	- -	3.51	- -	2	16.66	16
Net Debt to Equity	-29.04	125.6	-67.17	-43	-6.83	-4.17	34.85	39.65
Net Debt/Capital (%)	-40.92	55.67	-204.55	-75.45	-7.33	-4.26	25.76	28.39
EBITDA	3	-3	-6	-5	1	4	-1	- -
EBITDA-CapEx	3	-3	-6	-5	-1	- -	-6	-1
Operating Income (Loss)	- -	-3	-9	-5	1	4	2	-2

Liquidity (USD)

Liquidity Ratios API ChatGPT

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Cash Ratio	- -	0.4	18.51	1.82	0.11	0.1	0.04	0.06
Current Ratio	0.04	0.46	18.71	2.82	1.27	1.43	1.01	0.96
Quick Ratio	0.02	0.43	18.66	2.7	1.22	1.36	0.97	0.93
CFO/Avg Current Liab	- -	-0.83	-1.24	-0.1	-0.04	-0.16	-0.03	0.07
Common Equity/Total Assets	-2,355.1	12.16	96.46	78.81	61.43	62.39	36.58	26.98
Long-Term Debt/Equity (%)	- -	3.96	- -	- -	- -	1.97	4.59	17.69
Long-Term Debt/Capital (%)	- -	0.97	- -	- -	- -	1.91	3.26	11.76
Long-Term Debt/Total Assets (%)	- -	0.48	- -	- -	- -	1.26	1.87	5.62
Total Debt/Equity (%)	-29.06	309.43	- -	4.45	- -	3.13	40.92	50.35
Total Debt/Capital (%)	-40.96	75.58	- -	4.26	- -	3.04	29.04	33.49
Total Debt/Total Assets (%)	684.12	37.63	- -	3.51	- -	2	16.66	16
CFO/Total Liabilities	-58.87	-57.16	-364.72	-5.83	-2.8	-12.23	-2.17	5.42
CFO/CapEx	-93.42	-93.68	-17.39	-1.79	-0.32	-0.95	-0.32	3.12
Altman's Z-Score	- -	-2.17	-1.23	-6.44	-2.28	2.01	2.04	1.82

Working Capital (USD)

Working Capital Ratios API ChatGPT

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Accounts Receivable Turnover	- -	- -	- -	4.14	8.44	7.33	7.18	6.13
Days Sales Outstanding	- -	- -	- -	88.17	43.26	49.8	50.87	59.56
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

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Market Capitalization	104	182	9	39	34	88	52	31
- Cash & Cash Equivalents	- -	3	29	15	2	3	3	5
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	1	5	6
+ Total Debt	3	5	- -	1	- -	2	20	22
Enterprise Value	106	184	-20	25	32	88	75	55
Total Capital	-6	7	43	34	33	59	71	65
Total Debt/Capital (%)	-40.96	75.58	- -	4.26	- -	3.04	29.04	33.49
Total Debt / EV	0.02	0.03	- -	0.06	- -	0.02	0.27	0.39
EV/Sales	- -	- -	- -	1.59	0.26	0.4	0.2	0.13
EV/EBITDA	30.63	- -	- -	- -	42.42	20.33	- -	127.19
EV/EBIT	- -	- -	- -	- -	42.42	52.55	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	29	116	9	38	42	67	47	34
Diluted Enterprise Value	32	118	-21	24	40	67	70	57
EV per Share	6.4	11.13	- -	1.19	1.35	2.26	1.72	1.26
TTM Sales	- -	- -	- -	16	123	220	367	410
TTM EBITDA	3	-3	-6	-5	1	4	-1	- -
TTM Operating Income	- -	-3	-9	-5	1	4	2	-2
TTM Cash Flow to Firm	- -	- -	- -	- -	-1	-4	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	-2	-8	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Price/Free Cash Flow	-5.43	-16.36	-1.44	-48.42	-17.69	-8.19	-7.21	9.9
EV/EBIT	- -	- -	- -	- -	42.42	52.55	- -	- -
Enterprise Value	106	184	-20	25	32	88	75	55
Low Price	0.5	3.53	0.31	0.38	0.95	1.35	0.55	0.6
EV/Sales	- -	- -	- -	1.59	0.26	0.4	0.2	0.13
EV/EBITDA	30.63	- -	- -	- -	42.42	20.33	- -	127.19
Price/Earnings	- -	- -	- -	- -	2.08	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	2.24	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	4.22	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	1.36	- -	- -	- -
Price/Book Value	-11.83	107.09	0.22	1.21	1.02	1.57	1.16	0.86
Price/Book Value Average	-8.99	56.08	3.4	0.69	1.11	1.53	2.06	1.11
Price/Book Value High	-11.83	132.65	17.15	1.43	2.08	2.28	4.23	1.82
Price/Book Value Low	-0.95	34.38	0.14	0.24	0.67	0.93	0.53	0.72
Price/Tangible Book Value	-11.83	-119.35	0.22	2.32	4.35	4.89	85.42	-2.52
Price/Tangible Book Value Average	-8.99	-62.5	3.4	1.32	4.7	4.78	151.36	-3.26
Price/Tangible Book Value High	-11.83	-147.83	17.15	2.76	8.84	7.11	311.8	-5.33
Price/Tangible Book Value Low	-0.95	-38.31	0.14	0.47	2.85	2.92	39.15	-2.1
Price/Sales	- -	- -	- -	2.43	0.26	0.3	0.13	0.08
Price/Sales Average	- -	- -	- -	1.38	0.28	0.3	0.23	0.1
Price/Sales High	- -	- -	- -	2.89	0.53	0.44	0.47	0.16
Price/Sales Low	- -	- -	- -	0.49	0.17	0.18	0.06	0.06
Price/Cash Flow	-5.48	-16.53	-1.53	-75.44	-55.08	-16.79	-29.63	6.28
Price/Cash Flow Average	-4.17	-8.66	-23.8	-42.9	-59.49	-16.42	-52.5	8.1
Price/Cash Flow High	-5.48	-20.48	-120.09	-89.71	-112.05	-24.44	-108.16	13.25
Price/Cash Flow Low	-0.44	-5.31	-0.95	-15.29	-36.09	-10.03	-13.58	5.23
Price/Free Cash Flow Average	-4.13	-8.57	-22.51	-27.53	-19.11	-8.01	-12.77	12.77
Price/Free Cash Flow High	-5.43	-20.26	-113.56	-57.58	-35.99	-11.93	-26.31	20.9
Price/Free Cash Flow Low	-0.43	-5.25	-0.9	-9.81	-11.59	-4.89	-3.3	8.25
EV/Sales Average	- -	- -	- -	0.53	0.28	0.39	0.31	0.16
EV/Sales High	- -	- -	- -	2.06	0.54	0.58	0.58	0.22
EV/Sales Low	- -	- -	- -	- -	0.16	0.24	0.13	0.12
EV/EBITDA Average	23.47	- -	- -	- -	46.07	19.89	- -	148.31
EV/EBITDA High	30.63	- -	- -	- -	89.44	29.59	- -	208.07
EV/EBITDA Low	3.13	- -	- -	- -	26.75	12.15	- -	115.06
EV/EBIT Average	- -	- -	- -	- -	46.07	51.39	- -	- -
EV/EBIT High	- -	- -	- -	- -	89.44	76.48	- -	- -
EV/EBIT Low	- -	- -	- -	- -	26.75	31.41	- -	- -
Last Price	6.25	11	0.5	1.85	1.45	2.26	1.2	0.72
High Price	6.25	13.63	39.31	2.2	2.95	3.29	4.38	1.52
Enterprise Value Average	81	98	118	8	34	86	115	64
Enterprise Value High	106	228	714	32	67	128	213	90
Enterprise Value Low	11	61	-23	-6	20	53	47	50

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Shares Outstanding	17	17	19	21	23	39	43	44
Diluted Weighted Avg Shares	5	11	18	21	29	30	39	47
Basic Weighted Avg Shares	5	11	18	21	22	30	39	44
Revenue per Share	- -	- -	- -	0.76	5.54	7.43	9.42	9.41
EBITDA per Share	0.73	-0.26	-0.33	-0.24	0.03	0.15	-0.04	0.01
Operating Income per Share	-0.03	-0.26	-0.51	-0.24	0.03	0.14	0.05	-0.04
Basic EPS, GAAP	-5.94	-2.88	-4.64	-1.05	0.7	-0.03	-0.33	-0.22
Basic EPS from Cont Ops	-0.35	-0.53	-2.02	-0.18	0.02	-0.02	-0.33	-0.22
Diluted EPS, GAAP	-5.94	-2.88	-4.64	-1.05	0.53	-0.03	-0.33	-0.21
Diluted EPS from Cont Ops	-0.35	-0.53	-2.02	-0.18	0.02	-0.02	-0.33	-0.21
Dividend per Share	- -	- -	0.01	- -	- -	- -	- -	- -
Cash Flow per Share	-1.14	-0.67	-0.33	-0.02	-0.03	-0.13	-0.04	0.11
Free Cash Flow per Basic Share	-1.15	-0.67	-0.35	-0.04	-0.11	-0.28	-0.17	0.08
Cash & Equivalents per Share	- -	0.19	1.55	0.73	0.1	0.08	0.06	0.11
Book Value per Share	-0.53	0.1	2.29	1.54	1.42	1.44	1.03	0.83
Tangible Book Value per Share	-0.53	-0.09	2.29	0.8	0.33	0.46	0.01	-0.29