Penske Automotive Group, Inc. Financial Ratios — PAG Stock

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
Return on Common Equity (%)	45.86	34.42	34.63	31.6	28.7	24.84	34.91	21.53	17.29	18.66	32.33	31.8	23.41	18.03	16.26
Return on Assets (%)	4.13	3.76	4.14	4.2	4.28	4.07	6.33	4.39	3.51	4	8.89	10.01	7.45	5.91	5.39
Return on Capital (%)	8.33	7.25	7.49	7.33	7.19	6.82	- -	7.62	5.97	6.1	11.94	13.27	10.53	8.72	7.86
Return on Invested Capital (%)	6.11	6.16	6.08	6.13	6.27	5.84	- -	6.09	4.77	4.94	9.58	10.27	9.28	7.85	6.75
Gross Margin (%)	15.87	15.31	15.2	14.97	14.87	14.75	15.07	14.99	14.91	15.58	17.38	17.4	16.65	16.37	16.4
EBITDA Margin (%)	3.09	3.23	3.38	3.31	3.34	3.3	3.3	3.37	3.29	4.01	5.78	5.81	5.15	4.81	4.57
Operating Margin (%)	2.67	2.83	2.97	2.9	2.94	2.86	2.86	2.92	2.82	3.45	5.31	5.35	4.69	4.3	4.03
Incremental Operating Margin (%)	3.81	3.75	4.1	2.57	3.22	1.01	2.88	3.83	-3.09	-1.89	12.76	5.81	-1.22	-8.43	158.79
Pretax Margin (%)	2.25	2.25	2.57	2.66	2.55	2.53	2.56	2.65	2.55	3.46	6.29	6.68	4.77	4.05	3.97
Profit Margin (%)	1.6	1.44	1.69	1.66	1.69	1.7	2.87	2.07	1.88	2.66	4.65	4.96	3.59	3.04	2.94
Net Income to Common Margin (%)	1.6	1.44	1.69	1.66	1.69	1.7	2.87	2.07	1.88	2.66	4.65	4.96	3.59	3.04	2.94
Effective Tax Rate (%)	28.95	32.53	33.16	33.44	32.12	31.63	- -	22.23	26.49	22.99	25.89	25.44	24.47	24.54	25.78
Dvd Payout Ratio (%)	12.39	20.97	22.4	22.87	25.07	27.1	17.7	25.84	30.13	12.46	11.91	11.07	16.89	28.06	36.56
Sustainable Growth Rate (%)	40.18	27.2	26.88	24.37	21.51	18.11	28.73	15.97	12.08	16.33	28.48	28.28	19.45	12.97	10.31

Credit (USD)

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	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
Total Debt	2,485	3,053	3,569	4,100	4,655	5,195	5,925	6,008	8,668	7,184	6,402	6,954	7,737	8,439	8,721
ST Debt	1,639	2,136	2,587	2,784	3,408	3,366	3,835	3,883	4,110	3,232	2,637	3,072	3,981	4,804	4,449
LT Debt	847	917	982	1,316	1,247	1,829	2,090	2,125	4,558	3,952	3,766	3,883	3,756	3,635	4,272
Total Debt/EBITDA	7.28	7.32	7.29	7.18	7.22	7.82	8.39	7.82	11.37	8.76	4.33	4.31	4.85	5.51	6
Net Debt/EBITDA	7.2	7.21	7.19	7.12	7.13	7.78	8.32	7.76	8.32	5.83	2.66	2.79	3.33	3.82	4.26
Total Debt/EBIT	8.42	8.36	8.3	8.19	8.22	9.04	9.69	9.04	13.28	10.2	4.72	4.67	5.34	6.16	6.81
Net Debt/EBIT	8.33	8.24	8.19	8.12	8.11	8.99	9.62	8.98	9.71	6.79	2.9	3.03	3.66	4.27	4.84
EBITDA to Interest Expense	4.71	4.96	5.52	5.75	5.66	4.88	4.14	3.93	3.65	5.21	15.59	13.15	6.99	5.45	5.54
EBITDA-CapEx/Interest Expense	2.89	3.17	3.54	3.97	3.91	3.39	2.69	2.37	2.48	4.03	12.96	10.85	5.3	4.11	4.3
EBIT to Interest Expense	4.07	4.34	4.85	5.04	4.97	4.22	3.58	3.4	3.13	4.48	14.31	12.12	6.36	4.88	4.88
Interest Expense	73	84	89	99	114	136	171	196	209	157	95	123	228	281	262
Common Equity/Total Assets	10.38	11.36	12.46	14.05	15.68	17.03	19.06	21.7	19.19	23.79	31.17	31.76	31.84	33.62	32.68
Long-Term Debt/Equity (%)	73.66	69.67	64.5	78.28	67.96	102.77	86.1	80.64	162.12	118.83	91.96	93	78.97	67.09	76.55
Long-Term Debt/Capital (%)	28.64	24.95	22.38	25.59	20.94	27.18	26.24	25.3	40.12	38.15	35.44	33.87	29.44	25.58	29.48
Long-Term Debt/Total Assets (%)	18.82	17.05	15.3	18.21	15.56	20.7	19.83	19.48	32.69	29.84	27.97	27.51	23.96	21.23	24.28
Total Debt/Equity (%)	216.2	231.93	234.49	243.85	253.67	291.93	244.03	228.01	308.29	215.99	156.34	166.57	162.69	155.75	156.27
Total Debt/Capital (%)	84.06	83.05	81.37	79.71	78.15	77.21	74.37	71.53	76.29	69.35	60.26	60.66	60.65	59.38	60.19
Total Debt/Total Assets (%)	55.24	56.76	55.63	56.72	58.09	58.81	56.21	55.09	62.17	54.23	47.55	49.27	49.37	49.29	49.56
Net Debt to Equity	213.83	228.63	231.18	241.69	250.27	290.58	242.15	226.52	225.45	143.84	95.92	108.07	111.54	107.99	111.01
Net Debt/Capital (%)	83.91	82.85	81.16	79.56	77.92	77.13	74.22	71.39	55.93	46.41	37.33	39.73	41.9	41.41	42.95
EBITDA	342	417	489	571	644	665	706	769	762	820	1,478	1,615	1,594	1,531	1,453
EBITDA-CapEx	210	266	314	394	445	462	460	463	517	634	1,229	1,333	1,208	1,154	1,128
Operating Income (Loss)	295	365	430	500	566	575	611	665	653	704	1,356	1,488	1,450	1,370	1,281

Liquidity (USD)

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	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
Cash Ratio	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.01	0.01
Current Ratio	1.03	1.03	1.03	1.06	1.03	1.04	1.01	1.01	0.98	0.94	0.95	0.99	1	0.92	0.99
Quick Ratio	0.21	0.22	0.19	0.2	0.2	0.21	0.2	0.19	0.18	0.18	0.2	0.21	0.21	0.17	0.18
CFO/Avg Current Liab	0.03	0.13	0.11	0.1	0.1	0.09	0.14	0.12	0.1	0.24	0.29	0.32	0.22	0.2	0.15
Common Equity/Total Assets	10.38	11.36	12.46	14.05	15.68	17.03	19.06	21.7	19.19	23.79	31.17	31.76	31.84	33.62	32.68
Long-Term Debt/Equity (%)	73.66	69.67	64.5	78.28	67.96	102.77	86.1	80.64	162.12	118.83	91.96	93	78.97	67.09	76.55
Long-Term Debt/Capital (%)	28.64	24.95	22.38	25.59	20.94	27.18	26.24	25.3	40.12	38.15	35.44	33.87	29.44	25.58	29.48
Long-Term Debt/Total Assets (%)	18.82	17.05	15.3	18.21	15.56	20.7	19.83	19.48	32.69	29.84	27.97	27.51	23.96	21.23	24.28
Total Debt/Equity (%)	216.2	231.93	234.49	243.85	253.67	291.93	244.03	228.01	308.29	215.99	156.34	166.57	162.69	155.75	156.27
Total Debt/Capital (%)	84.06	83.05	81.37	79.71	78.15	77.21	74.37	71.53	76.29	69.35	60.26	60.66	60.65	59.38	60.19
Total Debt/Total Assets (%)	55.24	56.76	55.63	56.72	58.09	58.81	56.21	55.09	62.17	54.23	47.55	49.27	49.37	49.29	49.56
CFO/Total Liabilities	1.87	8.03	6.53	6.63	6.35	5.29	7.69	7.43	4.66	12.11	13.8	14.68	10.49	10.52	8.11
CFO/CapEx	0.48	2.16	1.83	2.09	1.97	1.84	2.52	2.01	2.11	6.46	5.2	5.16	2.97	3.26	3
Altman's Z-Score	4.09	4.05	3.96	4.17	4.04	3.79	3.43	3.52	2.74	2.79	3.88	3.97	3.97	3.74	3.67

Working Capital (USD)

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	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
Accounts Receivable Turnover	27.19	26.32	25.28	26.47	25.9	24.22	23.32	24.19	24.54	23.14	33.17	33.91	30.59	29.62	30.19
Days Sales Outstanding	13.42	13.87	14.44	13.79	14.09	15.07	15.65	15.09	14.88	15.78	11	10.77	11.93	12.32	12.09
Inventory Turnover	6.24	6.22	5.49	5.49	5.21	4.99	4.94	4.85	4.75	4.49	6.44	6.92	6.61	5.92	5.58
Days Inventory Outstanding	58.53	58.64	66.53	66.48	70.03	73.12	73.87	75.22	76.81	81.27	56.66	52.73	55.26	61.66	65.37
Accounts Payable Turnover	40.18	47.76	40.65	37.87	37.2	34.5	32.84	31.4	32.25	25	28.86	28.82	30.87	31.36	30.35
Accounts Payable Turnover Days	9.08	7.64	8.98	9.64	9.81	10.58	11.12	11.62	11.32	14.6	12.65	12.66	11.82	11.64	12.02
Cash Conversion Cycle	62.87	64.87	71.99	70.63	74.31	77.61	78.4	78.69	80.36	82.45	55.01	50.83	55.36	62.35	65.44
Inventory to Cash Days	-45.11	-44.77	-52.09	-52.69	-55.94	-58.05	-58.22	-60.13	-61.93	-65.5	-45.65	-41.96	-43.32	-49.34	-53.28
Inventories	1,535	1,976	2,501	2,836	3,464	3,408	3,944	4,040	4,261	3,426	3,129	3,509	4,293	4,711	4,815
Raw Materials	78	86	223	198	204	194	258	234	227	255	277	251	456	662	678
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1,458	1,890	2,279	2,639	3,260	3,214	3,686	3,806	4,034	3,171	2,852	3,258	3,838	4,048	4,137
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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
Market Capitalization	1,757	2,718	4,260	4,434	3,802	4,458	4,110	3,435	4,143	4,787	8,545	8,551	10,915	10,198	10,479
- Cash & Cash Equivalents	27	44	50	36	62	24	46	39	28	50	101	106	96	84	65
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	4	12	18	28	45	29	33	26	18	24	25	27	29	18	18
+ Total Debt	2,485	3,053	3,569	4,100	4,655	5,195	5,925	6,008	8,668	7,184	6,402	6,954	7,737	8,439	8,721
Enterprise Value	4,220	5,740	7,796	8,525	8,439	9,658	10,022	9,429	12,801	11,945	14,872	15,425	18,584	18,572	19,154
Total Capital	2,957	3,676	4,386	5,143	5,956	6,728	7,967	8,399	11,362	10,359	10,624	11,464	12,756	14,213	14,490
Total Debt/Capital (%)	84.06	83.05	81.37	79.71	78.15	77.21	74.37	71.53	76.29	69.35	60.26	60.66	60.65	59.38	60.19
Total Debt / EV	0.59	0.53	0.46	0.48	0.55	0.54	0.59	0.64	0.68	0.6	0.43	0.45	0.42	0.45	0.46
EV/Sales	0.38	0.44	0.54	0.49	0.44	0.48	0.47	0.41	0.55	0.58	0.58	0.55	0.6	0.58	0.6
EV/EBITDA	12.35	13.75	15.93	14.94	13.09	14.53	14.19	12.27	16.79	14.57	10.06	9.55	11.66	12.13	13.18
EV/EBIT	14.29	15.72	18.14	17.04	14.9	16.8	16.39	14.18	19.61	16.96	10.96	10.37	12.82	13.55	14.96
EV/Cash Flow to Firm	36.96	14.99	20.58	19.64	17.97	20.72	12.31	12.3	19.05	9.03	10.91	9.95	14.11	12.87	16.38
EV/Free Cash Flow to Firm	17.16	10.75	14.08	13.97	12.61	14.43	9.44	8.79	13.96	7.92	9.22	8.42	10.91	10.2	12.82
Diluted Market Cap	1,757	2,718	4,260	4,434	3,802	4,458	4,110	3,435	4,143	4,787	8,545	8,551	10,915	10,198	10,479
Diluted Enterprise Value	4,220	5,740	7,796	8,525	8,439	9,658	10,022	9,429	12,801	11,945	14,872	15,425	18,584	18,572	19,154
EV per Share	46.23	63.54	86.31	94.35	93.98	112.3	116.68	110.67	155.17	148.2	186.6	207.33	273.3	277.6	289.33
TTM Sales	11,039	12,903	14,482	17,232	19,285	20,118	21,387	22,785	23,179	20,444	25,555	27,815	30,916	31,865	31,808
TTM EBITDA	342	417	489	571	644	665	706	769	762	820	1,478	1,615	1,594	1,531	1,453
TTM Operating Income	295	365	430	500	566	575	611	665	653	704	1,356	1,488	1,450	1,370	1,281
TTM Cash Flow to Firm	114	383	379	434	470	466	814	767	672	1,323	1,364	1,551	1,317	1,443	1,170
TTM Free Cash Flow to Firm	246	534	554	610	669	669	1,061	1,072	917	1,509	1,612	1,833	1,703	1,820	1,494

Multiples (USD)

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	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
Price/Free Cash Flow	9.04	5.7	8.61	8.15	6.42	7.74	4.72	3.73	5.42	3.45	5.54	4.91	7.13	6.34	8.06
EV/EBIT	14.29	15.72	18.14	17.04	14.9	16.8	16.39	14.18	19.61	16.96	10.96	10.37	12.82	13.55	14.96
Enterprise Value	4,220	5,740	7,796	8,525	8,439	9,658	10,022	9,429	12,801	11,945	14,872	15,425	18,584	18,572	19,154
Low Price	14.87	18.47	27.61	36.36	41.3	29.29	38.33	38.49	39.93	19.99	56.25	88.58	112.31	142.32	134.05
EV/Sales	0.38	0.44	0.54	0.49	0.44	0.48	0.47	0.41	0.55	0.58	0.58	0.55	0.6	0.58	0.6
EV/EBITDA	12.35	13.75	15.93	14.94	13.09	14.53	14.19	12.27	16.79	14.57	10.06	9.55	11.66	12.13	13.18
Price/Earnings	9.93	14.65	17.44	15.46	11.66	13	6.7	7.29	9.51	8.81	7.19	6.2	9.84	10.53	11.2
Price/Earnings Average	10.11	12.6	13.35	14.32	13.73	10.19	6.49	8.58	8.73	6.72	5.82	5.85	9.18	10.75	11.74
Price/Earnings High	12.38	15.76	17.68	16.21	14.98	14.06	7.74	9.92	10.19	9.3	7.67	7.09	11.09	12.41	13.41
Price/Earnings Low	7.67	9	10.21	11.46	11.37	7.35	5.37	6.96	7.56	2.96	3.77	4.78	6.89	9.83	9.49
Price/Book Value	3.76	4.45	5.33	4.37	3.03	2.96	2.05	1.45	1.55	1.52	2.04	1.91	2.19	1.77	1.82
Price/Book Value Average	3.83	3.83	4.08	4.04	3.56	2.32	1.98	1.71	1.42	1.16	1.65	1.8	2.04	1.81	1.91
Price/Book Value High	4.69	4.78	5.4	4.58	3.89	3.2	2.36	1.97	1.66	1.6	2.17	2.18	2.46	2.09	2.18
Price/Book Value Low	2.91	2.73	3.12	3.24	2.95	1.67	1.64	1.39	1.23	0.51	1.07	1.47	1.53	1.65	1.54
Price/Tangible Book Value	66.64	39.98	46.3	183.21	36.66	65.37	14	8.66	11.89	5.74	6.43	6.43	6.16	5.36	5.29
Price/Tangible Book Value Average	67.82	34.37	35.43	169.66	43.17	51.26	13.57	10.19	10.92	4.38	5.2	6.08	5.74	5.48	5.55
Price/Tangible Book Value High	83.08	42.98	46.92	192.06	47.1	70.68	16.17	11.78	12.74	6.06	6.85	7.36	6.94	6.32	6.33
Price/Tangible Book Value Low	51.48	24.54	27.11	135.76	35.76	36.93	11.22	8.27	9.46	1.93	3.37	4.96	4.31	5.01	4.48
Price/Sales	0.16	0.21	0.29	0.26	0.2	0.22	0.19	0.15	0.18	0.23	0.33	0.31	0.35	0.32	0.33
Price/Sales Average	0.16	0.18	0.23	0.24	0.23	0.17	0.19	0.18	0.16	0.18	0.27	0.29	0.33	0.33	0.35
Price/Sales High	0.2	0.23	0.3	0.27	0.25	0.24	0.22	0.21	0.19	0.25	0.36	0.35	0.4	0.38	0.39
Price/Sales Low	0.12	0.13	0.17	0.19	0.19	0.13	0.15	0.14	0.14	0.08	0.18	0.24	0.25	0.3	0.28
Price/Cash Flow	28.07	8.34	13.33	12.05	9.69	11.96	6.59	5.59	7.99	3.98	6.61	5.86	9.53	8.29	10.75
Price/Cash Flow Average	28.56	7.17	10.2	11.16	11.41	9.37	6.39	6.57	7.34	3.04	5.34	5.54	8.89	8.47	11.27
Price/Cash Flow High	34.99	8.96	13.51	12.63	12.45	12.93	7.61	7.6	8.56	4.21	7.05	6.71	10.74	9.77	12.87
Price/Cash Flow Low	21.68	5.12	7.8	8.93	9.45	6.76	5.28	5.33	6.35	1.34	3.47	4.52	6.67	7.74	9.1
Price/Free Cash Flow Average	9.2	4.9	6.59	7.55	7.56	6.07	4.57	4.39	4.98	2.63	4.48	4.64	6.65	6.48	8.45
Price/Free Cash Flow High	11.27	6.13	8.73	8.54	8.25	8.37	5.45	5.08	5.81	3.64	5.91	5.62	8.03	7.48	9.65
Price/Free Cash Flow Low	6.99	3.5	5.04	6.04	6.27	4.37	3.78	3.56	4.31	1.16	2.91	3.78	4.99	5.92	6.83
EV/Sales Average	0.39	0.42	0.47	0.48	0.47	0.43	0.46	0.44	0.54	0.53	0.52	0.54	0.58	0.59	0.62
EV/Sales High	0.42	0.46	0.54	0.51	0.49	0.5	0.5	0.47	0.57	0.6	0.6	0.6	0.65	0.64	0.67
EV/Sales Low	0.35	0.36	0.42	0.43	0.43	0.38	0.43	0.41	0.52	0.43	0.42	0.48	0.5	0.56	0.55
EV/EBITDA Average	12.44	12.84	13.89	14.37	14.14	13.08	14	13.06	16.35	13.19	8.96	9.26	11.2	12.27	13.53
EV/EBITDA High	13.62	14.24	16.05	15.32	14.77	15.08	15.09	13.88	17.18	14.89	10.45	10.32	12.53	13.32	14.6
EV/EBITDA Low	11.18	11.24	12.32	12.93	12.95	11.61	13.03	12.06	15.68	10.69	7.31	8.34	9.6	11.69	12.08
EV/EBIT Average	14.4	14.68	15.81	16.38	16.09	15.12	16.18	15.09	19.09	15.35	9.76	10.05	12.31	13.72	15.35
EV/EBIT High	15.76	16.28	18.27	17.47	16.81	17.43	17.43	16.04	20.07	17.34	11.38	11.2	13.77	14.89	16.57
EV/EBIT Low	12.94	12.85	14.03	14.74	14.73	13.43	15.06	13.95	18.31	12.45	7.97	9.05	10.56	13.06	13.7
Last Price	19.25	30.09	47.16	49.07	42.34	51.84	47.85	40.32	50.22	59.39	107.22	114.93	160.51	152.44	158.29
High Price	24	32.35	47.79	51.44	54.39	56.05	55.26	54.83	53.81	62.71	114.34	131.55	180.84	179.72	189.51
Enterprise Value Average	4,251	5,359	6,796	8,198	9,114	8,695	9,894	10,034	12,462	10,813	13,237	14,950	17,852	18,794	19,661
Enterprise Value High	4,653	5,944	7,853	8,740	9,521	10,020	10,659	10,665	13,097	12,213	15,439	16,662	19,967	20,397	21,221
Enterprise Value Low	3,820	4,690	6,031	7,377	8,346	7,718	9,205	9,273	11,952	8,769	10,810	13,465	15,307	17,895	17,549

	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
Shares Outstanding	90	90	90	90	90	85	86	85	81	80	78	70	67	67	66
Diluted Weighted Avg Shares	91	90	90	90	90	86	86	85	82	81	80	74	68	67	66
Basic Weighted Avg Shares	91	90	90	90	90	86	86	85	82	81	80	74	68	67	66
Revenue per Share	120.95	142.82	160.33	190.71	214.75	233.94	248.97	267.43	280.96	253.65	320.64	373.85	454.65	476.3	480.49
EBITDA per Share	3.74	4.62	5.42	6.32	7.18	7.73	8.22	9.02	9.24	10.17	18.54	21.71	23.44	22.89	21.95
Operating Income per Share	3.23	4.04	4.76	5.54	6.31	6.68	7.12	7.8	7.91	8.74	17.02	20	21.32	20.48	19.35
Basic EPS, GAAP	1.94	2.05	2.7	3.17	3.63	3.99	7.14	5.53	5.28	6.74	14.9	18.55	16.31	14.48	14.13
Basic EPS from Cont Ops	1.93	2.17	2.75	3.37	3.72	4.04	7.14	5.51	5.27	6.76	14.95	18.63	16.39	14.55	14.17
Diluted EPS, GAAP	1.94	2.05	2.7	3.17	3.63	3.99	7.14	5.53	5.28	6.74	14.9	18.55	16.31	14.48	14.13
Diluted EPS from Cont Ops	1.93	2.17	2.75	3.37	3.72	4.04	7.14	5.51	5.27	6.76	14.95	18.63	16.39	14.55	14.17
Dividend per Share	0.24	0.46	0.62	0.78	0.94	1.11	1.26	1.42	1.59	0.84	1.79	2.07	2.78	4.1	5.19
Cash Flow per Share	0.69	3.61	3.54	4.07	4.37	4.34	7.26	7.21	6.29	14.91	16.23	19.61	16.84	18.39	14.73
Free Cash Flow per Basic Share	-0.76	1.94	1.6	2.12	2.15	1.97	4.38	3.63	3.31	12.6	13.1	15.81	11.16	12.75	9.83
Cash & Equivalents per Share	0.3	0.48	0.56	0.4	0.69	0.28	0.53	0.46	0.34	0.61	1.26	1.43	1.42	1.25	0.98
Book Value per Share	5.12	6.76	8.85	11.24	13.99	17.49	23.39	27.77	32.43	39.1	52.65	60.26	73.39	86.04	86.86
Tangible Book Value per Share	0.29	0.75	1.02	0.27	1.15	0.79	3.42	4.65	4.22	10.35	16.68	17.87	26.07	28.42	29.92

Penske Automotive Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)