PetIQ, Inc. Financial Ratios — PETQ Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	- -	-3.14	-0.25	-1.96	-11.45	-2.01	-5.88	0.25
Return on Capital (%)	- -	- -	-34.3	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	9.21	- -	- -	- -	- -	- -	- -
Gross Margin (%)	19.04	16.26	19.2	15.76	15.14	17.33	19.99	22.75	22.94
EBITDA Margin (%)	3.26	2.39	6.34	4.44	2.92	3.11	5.92	6.79	9.17
Operating Margin (%)	1.74	0.35	4.98	2.09	0.59	-0.41	1.7	2.94	5.13
Incremental Operating Margin (%)	- -	51.91	18.92	-0.86	-3.79	- -	12.5	-101.95	16.29
Pretax Margin (%)	-0.66	-1.7	4.42	-0.11	-2.48	-3.25	-1.34	-5.14	0.21
Profit Margin (%)	- -	- -	-1.31	-0.15	-1.61	-10.6	-1.71	-5.23	0.19
Net Income to Common Margin (%)	- -	- -	-1.31	-0.15	-1.61	-10.6	-1.71	-5.23	0.19
Effective Tax Rate (%)	- -	- -	33.68	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	33	28	18	112	280	435	481	472	468
ST Debt	- -	2	- -	2	8	13	15	15	16
LT Debt	32	26	18	110	271	423	466	457	452
Total Debt/EBITDA	4.86	5.84	1.05	4.77	13.52	17.92	8.71	7.54	4.64
Net Debt/EBITDA	4.32	5.59	-1.22	1.84	11.02	15.55	6.84	5.61	3.27
Total Debt/EBIT	9.13	39.76	1.33	10.15	66.87	-136.62	30.28	17.41	8.29
Net Debt/EBIT	8.11	38.05	-1.55	3.93	54.49	-118.57	23.78	12.94	5.84
EBITDA to Interest Expense	1.89	1.56	10.81	2.93	1.43	1.07	2.23	2.29	2.92
EBITDA-CapEx/Interest Expense	1.46	0.89	8.17	2.03	0.72	-4.13	0.97	1.85	2.66
EBIT to Interest Expense	1.01	0.23	8.5	1.37	0.29	-0.14	0.64	0.99	1.64
Interest Expense	4	3	2	8	14	23	25	27	35
Common Equity/Total Assets	- -	- -	-2.47	-0.89	-2.36	-12.77	-13.97	-19.87	-18.49
Long-Term Debt/Equity (%)	70.12	62.45	16.76	34.19	82.63	171.55	182.51	215.58	202.74
Long-Term Debt/Capital (%)	99.6	91.75	33.55	63.78	87.78	116.5	126.39	146.77	146.07
Long-Term Debt/Total Assets (%)	35.14	31.47	12.48	22.15	40.33	54.79	56.83	55.76	52.07
Total Debt/Equity (%)	70.45	68.11	16.9	34.89	85.2	176.7	188.33	222.83	210
Total Debt/Capital (%)	100.07	100.07	33.83	65.09	90.51	119.99	130.42	151.7	151.3
Total Debt/Total Assets (%)	35.31	34.32	12.58	22.6	41.58	56.43	58.65	57.63	53.94
Net Debt to Equity	62.57	65.18	-19.61	13.49	69.42	153.36	147.88	165.62	148
Net Debt/Capital (%)	98.73	98.47	-141.95	40.97	80.89	114.73	130.53	167.16	170.88
EBITDA	7	5	17	23	21	24	55	63	101
EBITDA-CapEx	5	3	13	16	10	-94	24	51	92
Operating Income (Loss)	4	1	13	11	4	-3	16	27	57

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.29	0.06	2.08	1.03	0.37	0.33	0.81	0.68	0.61
Current Ratio	5.4	4.32	5.99	3.24	2.54	2.4	3.04	2.48	2.27
Quick Ratio	1.59	1.37	3.28	1.73	1.35	1.35	1.97	1.47	1.37
CFO/Avg Current Liab	- -	-0.08	0.38	-0.3	0.3	-0.05	0.24	0.39	0.37
Common Equity/Total Assets	- -	- -	-2.47	-0.89	-2.36	-12.77	-13.97	-19.87	-18.49
Long-Term Debt/Equity (%)	70.12	62.45	16.76	34.19	82.63	171.55	182.51	215.58	202.74
Long-Term Debt/Capital (%)	99.6	91.75	33.55	63.78	87.78	116.5	126.39	146.77	146.07
Long-Term Debt/Total Assets (%)	35.14	31.47	12.48	22.15	40.33	54.79	56.83	55.76	52.07
Total Debt/Equity (%)	70.45	68.11	16.9	34.89	85.2	176.7	188.33	222.83	210
Total Debt/Capital (%)	100.07	100.07	33.83	65.09	90.51	119.99	130.42	151.7	151.3
Total Debt/Total Assets (%)	35.31	34.32	12.58	22.6	41.58	56.43	58.65	57.63	53.94
CFO/Total Liabilities	-13.93	-2.3	16.34	-7.12	6.05	-0.88	4.21	7.91	9.59
CFO/CapEx	-4.14	-0.45	1.42	-1.73	2.03	-0.04	0.76	4.01	6.77
Altman's Z-Score	3.41	3.5	7.94	3.98	3.59	3.53	3.36	2.53	3.19

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	12.63	13.69	15.83	12.61	9.52	9.12	8.67	9.52
Days Sales Outstanding	- -	28.91	26.66	23.05	28.96	38.35	40.01	42.12	38.33
Inventory Turnover	- -	4.94	5.51	6.54	7.01	7.27	7.68	5.96	5.63
Days Inventory Outstanding	- -	73.95	66.3	55.82	52.09	50.23	47.5	61.28	64.88
Accounts Payable Turnover	- -	18.14	19.12	14.3	11.09	11.08	12.09	9.02	6.87
Accounts Payable Turnover Days	- -	20.12	19.09	25.52	32.9	32.94	30.18	40.46	53.17
Cash Conversion Cycle	- -	82.73	73.87	53.34	48.14	55.64	57.33	62.94	50.05
Inventory to Cash Days	- -	-45.04	-39.64	-32.77	-23.14	-11.87	-7.5	-19.17	-26.55
Inventories	34	34	44	92	80	98	96	143	159
Raw Materials	4	6	4	6	11	16	17	17	16
Work In Process	- -	- -	- -	- -	2	2	2	2	3
Finished Goods	29	28	40	86	67	80	78	123	141
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	289	404	567	947	641	269	575
- Cash & Cash Equivalents	3	1	38	66	27	33	79	101	116
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	38	64	45	26	2	2	2
+ Total Debt	33	28	18	112	280	435	481	472	468
Enterprise Value	29	27	307	514	865	1,375	1,045	641	929
Total Capital	33	28	52	172	309	363	369	311	310
Total Debt/Capital (%)	100.07	100.07	33.83	65.09	90.51	119.99	130.42	151.7	151.3
Total Debt / EV	1.11	1.03	0.06	0.22	0.32	0.32	0.46	0.74	0.5
EV/Sales	0.14	0.14	1.15	0.97	1.22	1.76	1.12	0.7	0.84
EV/EBITDA	4.37	5.68	18.15	21.88	41.81	56.59	18.94	10.25	9.2
EV/EBIT	8.22	38.64	23.08	46.63	206.81	- -	65.84	23.67	16.44
EV/Cash Flow to Firm	- -	12.72	44.34	- -	26.53	18.93	18.63	8.43	9.39
EV/Free Cash Flow to Firm	- -	6.5	27.76	- -	20.17	7.19	11.96	7.28	8.59
Diluted Market Cap	- -	- -	289	404	567	947	641	269	583
Diluted Enterprise Value	29	27	307	514	865	1,375	1,045	641	937
EV per Share	2.39	2.21	23.2	29.87	38.19	55.82	37	22	31.89
TTM Sales	206	200	267	529	709	780	933	922	1,102
TTM EBITDA	7	5	17	23	21	24	55	63	101
TTM Operating Income	4	1	13	11	4	-3	16	27	57
TTM Cash Flow to Firm	-3	2	7	-14	33	73	56	76	99
TTM Free Cash Flow to Firm	-1	4	11	-6	43	191	87	88	108

Multiples (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Free Cash Flow	- -	- -	28.84	-77.18	18.24	8.32	11.65	4.48	8.21
EV/EBIT	8.22	38.64	23.08	46.63	206.81	- -	65.84	23.67	16.44
Enterprise Value	29	27	307	514	865	1,375	1,045	641	929
Low Price	- -	- -	17.03	17.56	21.28	15.83	19.75	6.66	9.08
EV/Sales	0.14	0.14	1.15	0.97	1.22	1.76	1.12	0.7	0.84
EV/EBITDA	4.37	5.68	18.15	21.88	41.81	56.59	18.94	10.25	9.2
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	270.02
Price/Earnings Average	- -	- -	-89.16	-601.38	-56.46	-8.95	-56.84	-9.38	208.95
Price/Earnings High	- -	- -	-106.88	-967.13	-71.85	-11.62	-81.36	-15.36	314.18
Price/Earnings Low	- -	- -	-64.47	-386.59	-42.09	-4.72	-34.93	-4.03	124.14
Price/Book Value	- -	- -	-83.18	-91.4	-35.74	-9.61	-5.6	-1.65	-3.58
Price/Book Value Average	- -	- -	-89.7	-106.37	-40.73	-7.51	-7.93	-2.78	-2.77
Price/Book Value High	- -	- -	-107.53	-171.07	-51.84	-9.75	-11.35	-4.55	-4.17
Price/Book Value Low	- -	- -	-64.86	-68.38	-30.36	-3.96	-4.87	-1.19	-1.65
Price/Tangible Book Value	- -	- -	2.99	3.76	-25.01	-4.79	-3.85	-1.87	-4.23
Price/Tangible Book Value Average	- -	- -	3.23	4.38	-28.5	-3.74	-5.45	-3.14	-3.27
Price/Tangible Book Value High	- -	- -	3.87	7.04	-36.27	-4.86	-7.8	-5.14	-4.92
Price/Tangible Book Value Low	- -	- -	2.33	2.81	-21.24	-1.97	-3.35	-1.35	-1.94
Price/Sales	- -	- -	1.08	0.76	0.8	1.21	0.69	0.29	0.52
Price/Sales Average	- -	- -	1.17	0.89	0.91	0.95	0.97	0.49	0.4
Price/Sales High	- -	- -	1.4	1.43	1.16	1.23	1.39	0.8	0.61
Price/Sales Low	- -	- -	0.84	0.57	0.68	0.5	0.6	0.21	0.24
Price/Cash Flow	- -	- -	49.1	-32.55	27.24	-205.82	26.99	5.6	9.3
Price/Cash Flow Average	- -	- -	52.95	-37.89	31.04	-160.86	38.18	9.42	7.19
Price/Cash Flow High	- -	- -	63.47	-60.93	39.5	-208.71	54.66	15.42	10.82
Price/Cash Flow Low	- -	- -	38.29	-24.35	23.14	-84.74	23.47	4.04	4.27
Price/Free Cash Flow Average	- -	- -	31.1	-89.83	20.79	6.5	16.49	7.54	6.35
Price/Free Cash Flow High	- -	- -	37.28	-144.47	26.45	8.43	23.6	12.34	9.55
Price/Free Cash Flow Low	- -	- -	22.49	-57.75	15.5	3.42	10.13	3.24	3.77
EV/Sales Average	0.14	0.14	1.24	1.1	1.33	1.5	1.41	0.9	0.73
EV/Sales High	0.14	0.14	1.47	1.64	1.58	1.78	1.83	1.21	0.93
EV/Sales Low	0.14	0.14	0.91	0.78	1.1	1.05	1.03	0.62	0.56
EV/EBITDA Average	4.37	5.68	19.49	24.7	45.63	48.08	23.76	13.18	7.91
EV/EBITDA High	4.37	5.68	23.15	36.88	54.16	57.14	30.86	17.79	10.13
EV/EBITDA Low	4.37	5.68	14.39	17.55	37.68	33.66	17.43	9.06	6.12
EV/EBIT Average	8.22	38.64	24.79	52.63	225.74	-366.51	82.61	30.43	14.14
EV/EBIT High	8.22	38.64	29.44	78.57	267.89	-435.58	107.28	41.07	18.11
EV/EBIT Low	8.22	38.64	18.3	37.4	186.39	-256.6	60.57	20.91	10.94
Last Price	- -	- -	21.84	23.47	25.05	38.45	22.71	9.22	19.75
High Price	- -	- -	28.23	43.93	36.33	38.99	46	25.4	22.98
Enterprise Value Average	29	27	329	580	944	1,168	1,311	825	799
Enterprise Value High	29	27	391	866	1,121	1,388	1,703	1,113	1,023
Enterprise Value Low	29	27	243	412	780	818	961	567	618

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	12	12	13	22	24	26	29	29	29
Diluted Weighted Avg Shares	12	12	13	17	23	25	28	29	30
Basic Weighted Avg Shares	12	12	13	17	23	25	28	29	29
Revenue per Share	16.74	16.29	20.17	30.7	31.32	31.67	33.02	31.6	37.82
EBITDA per Share	0.55	0.39	1.28	1.36	0.91	0.99	1.95	2.15	3.47
Operating Income per Share	0.29	0.06	1	0.64	0.18	-0.13	0.56	0.93	1.94
Basic EPS, GAAP	- -	- -	-0.26	-0.05	-0.51	-3.36	-0.57	-1.65	0.07
Basic EPS from Cont Ops	-0.11	-0.28	0.59	0.01	-0.63	-3.48	-0.58	-1.67	0.09
Diluted EPS, GAAP	- -	- -	-0.26	-0.05	-0.51	-3.36	-0.57	-1.65	0.07
Diluted EPS from Cont Ops	-0.11	-0.28	0.59	0.01	-0.63	-3.48	-0.58	-1.67	0.09
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.52	-0.08	0.44	-0.72	0.92	-0.19	0.84	1.65	2.12
Free Cash Flow per Basic Share	-0.65	-0.24	0.13	-1.14	0.47	-5	-0.27	1.24	1.81
Cash & Equivalents per Share	0.26	0.06	2.87	3.85	1.2	1.36	2.81	3.47	3.99
Book Value per Share	- -	- -	-0.26	-0.26	-0.7	-4	-4.05	-5.58	-5.51
Tangible Book Value per Share	2.86	2.63	7.3	6.24	-1	-8.03	-5.9	-4.94	-4.67

PetIQ, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)