Power Integrations, Inc. Financial Ratios — POWI 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 (%)	17.84	-18.52	30.21	25.16	14.37	15.82	8.07	18.56	39.56	11.89	23.91	22.54	7.35	4.33	3.14
Return on Assets (%)	7.92	-8.27	12.72	11.97	7.98	9.39	4.7	11.57	27.79	8.34	17.15	18.42	6.72	3.91	2.76
Return on Capital (%)	17.84	- -	- -	- -	14.37	15.82	8.07	- -	39.56	11.89	23.91	22.54	- -	- -	- -
Return on Invested Capital (%)	9.15	- -	- -	- -	8.93	10.23	5.22	- -	7.12	9.08	19.84	21.47	- -	- -	- -
Gross Margin (%)	47.08	49.29	52.79	54.35	50.29	49.32	49.49	51.64	50.73	49.88	51.28	56.35	51.5	53.64	54.49
EBITDA Margin (%)	19.93	18.66	22.35	22.29	18.11	18.57	19.01	19.19	17.22	20.19	29.86	33.44	16.29	12.53	8.62
Operating Margin (%)	14.47	11.97	15.58	16	11.29	12.54	13.35	13.38	11.42	14.43	24.89	27.71	7.89	4.28	2.3
Incremental Operating Margin (%)	1,570.21	-100.54	41.98	101.29	403.3	22.12	20.82	12.59	-161.12	33.16	48.65	-10.27	70.35	67.01	-31.53
Pretax Margin (%)	15.1	-6.81	15.97	16.29	11.41	12.82	13.97	14.37	52.87	15.41	25.04	28.17	10.33	7.34	4.73
Profit Margin (%)	11.48	-11.27	16.5	17.07	11.36	12.55	6.39	16.82	45.99	14.58	23.38	26.24	12.54	7.69	4.98
Net Income to Common Margin (%)	11.48	-11.27	16.5	17.07	11.36	12.55	6.39	16.82	45.99	14.58	23.38	26.24	12.54	7.69	4.98
Effective Tax Rate (%)	23.96	- -	- -	- -	0.46	2.11	54.21	- -	13.01	5.42	6.66	6.86	- -	- -	- -
Dvd Payout Ratio (%)	16.69	-16.73	16.49	22.11	35.54	30.79	60.25	26.9	10.6	35.24	19.83	24.29	78.96	142.82	213.51
Sustainable Growth Rate (%)	14.86	-21.62	25.22	19.6	9.26	10.95	3.21	13.57	35.36	7.7	19.17	17.07	1.55	-1.86	-3.56

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-2.35	-1.11	-1.2	-0.78	-1.44	-0.86	-1.14	-1.68	-2.47	-2.63	-0.75	-0.48	-0.88	-0.97	-1.54
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-3.24	-1.73	-1.72	-1.09	-2.32	-1.27	-1.62	-2.41	-3.72	-3.67	-0.9	-0.58	-1.82	-2.84	-5.76
EBITDA to Interest Expense	- -	28,486	3,372.09	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	20,307	2,765.13	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	18,276	2,350.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	47.55	41.51	42.58	52.64	58.48	60.05	56.59	68.39	71.6	68.82	74.27	90.77	91.93	88.57	87.28
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	-38.36	-18.59	-21.28	-14.1	-21.02	-12.35	-17.1	-25.45	-24.66	-31.94	-17.34	-13.95	-8.5	-6.8	-8.73
Net Debt/Capital (%)	-211.88	-61.98	-77.08	-30.48	-46.2	-22.95	-36.33	-49.97	-45.02	-71.36	-26.56	-16.03	-9.27	-7.46	-9.55
EBITDA	60	57	78	78	62	72	82	80	72	99	210	218	72	53	38
EBITDA-CapEx	36	41	64	55	41	60	50	54	47	28	163	179	52	35	14
Operating Income (Loss)	43	37	54	56	39	49	58	56	48	70	175	180	35	18	10

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	5.31	2.35	4.01	3.18	3.34	5.7	5.54	4.73	8.14	7.18	7.33	6.06	6.38	5.42	3.55
Current Ratio	7.35	4.06	5.5	4.82	4.62	7.24	7.14	6.87	10.72	9.62	9.5	8.99	10.47	9.29	6.51
Quick Ratio	5.61	2.81	4.25	3.55	3.51	5.92	5.9	5.03	8.63	7.76	7.91	6.42	6.68	5.91	3.81
CFO/Avg Current Liab	1.66	1.39	2.17	1.62	1.72	2.04	1.73	1.69	4.54	2.22	3.42	3.3	1.23	1.56	1.77
Common Equity/Total Assets	47.55	41.51	42.58	52.64	58.48	60.05	56.59	68.39	71.6	68.82	74.27	90.77	91.93	88.57	87.28
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	101.17	89.24	152.42	135.84	156.47	190.74	111.78	136.25	282.92	135.2	225.34	253.7	97.24	102.69	112.23
CFO/CapEx	2.98	3.17	7.07	3.71	4.24	8.03	2.52	3.28	8.93	1.78	4.88	5.49	3.15	4.7	4.57
Altman's Z-Score	10.74	12.93	18.1	17.82	17.44	26.06	20.8	20.65	24.73	34.33	36.18	33.18	44.67	29.44	14.85

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	39.54	36.52	35.21	30.9	38.28	54.32	37.02	29.85	23.8	16.23	18.2	20.93	25.04	20.02	19.53
Days Sales Outstanding	9.23	9.99	10.37	11.81	9.53	6.72	9.86	12.23	15.33	22.49	20.06	17.44	14.58	18.23	18.69
Inventory Turnover	2.77	3.21	3.77	3	2.95	3.78	3.98	2.92	2.42	2.53	3.39	2.42	1.44	1.18	1.21
Days Inventory Outstanding	131.7	113.88	96.74	121.79	123.53	96.57	91.76	125.14	150.78	144.12	107.67	150.69	252.76	308.93	300.62
Accounts Payable Turnover	8.04	8.94	8.68	8.47	7.3	7.71	7.07	6.95	7.35	8.28	8.64	8.68	8.62	7	6.37
Accounts Payable Turnover Days	45.4	40.82	42.07	43.1	50.02	47.34	51.6	52.54	49.66	44.09	42.22	42.04	42.36	52.13	57.28
Cash Conversion Cycle	95.53	83.06	65.04	90.5	83.05	55.95	50.02	84.83	116.45	122.52	85.51	126.09	224.98	275.03	262.03
Inventory to Cash Days	-122.47	-103.88	-86.38	-109.98	-114	-89.85	-81.9	-112.92	-135.44	-121.62	-87.61	-133.25	-238.19	-290.71	-281.92
Inventories	52	45	42	64	52	53	57	81	90	103	99	135	163	166	167
Raw Materials	12	11	8	21	19	15	16	41	39	32	24	75	96	101	101
Work In Process	8	12	13	15	13	15	17	16	26	39	32	15	25	27	28
Finished Goods	32	22	21	28	20	23	25	24	25	31	43	45	42	37	38
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	949	963	1,642	1,551	1,411	1,962	2,183	1,796	2,895	4,884	5,604	4,145	4,696	3,506	1,992
- Cash & Cash Equivalents	140	63	93	61	90	62	94	134	179	259	158	105	64	51	59
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	768	868	1,440	1,376	1,237	1,712	1,900	1,568	2,484	4,434	5,073	3,792	4,385	3,206	1,743
Total Capital	206	166	213	260	285	333	351	403	576	622	753	763	754	734	674
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	2.57	2.84	4.15	3.94	3.59	4.39	4.4	3.77	5.9	9.08	7.21	5.82	9.86	7.65	3.93
EV/EBITDA	12.9	15.23	18.57	17.69	19.82	23.66	23.14	19.64	34.28	44.98	24.16	17.41	60.53	61.05	45.6
EV/EBIT	17.77	23.74	26.64	24.66	31.79	35.03	32.96	28.17	51.69	62.91	28.98	21.02	125.07	178.81	170.98
EV/Cash Flow to Firm	11.1	16.74	14.59	16.08	13.42	17.49	23.16	18.67	11.06	35.29	21.98	17.61	66.68	39.49	15.63
EV/Free Cash Flow to Firm	8.31	12.72	12.78	12.66	10.85	15.55	16.59	14.31	9.95	22.6	18.24	14.9	50.61	32.56	12.82
Diluted Market Cap	994	963	1,698	1,595	1,444	2,009	2,247	1,838	2,949	4,981	5,710	4,186	4,731	3,525	2,002
Diluted Enterprise Value	854	899	1,605	1,534	1,354	1,947	2,153	1,704	2,771	4,722	5,552	4,081	4,667	3,474	1,943
EV per Share	13.42	15.15	24.48	22.95	21.32	29.59	32.01	26.61	42.44	74.33	84.1	65.6	76.66	56.42	31.09
TTM Sales	299	305	347	349	345	390	432	416	421	488	703	651	445	419	444
TTM EBITDA	60	57	78	78	62	72	82	80	72	99	210	218	72	53	38
TTM Operating Income	43	37	54	56	39	49	58	56	48	70	175	180	35	18	10
TTM Cash Flow to Firm	69	52	99	86	92	98	82	84	224	126	231	215	66	81	112
TTM Free Cash Flow to Firm	92	68	113	109	114	110	115	110	250	196	278	255	87	98	136

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	10.75	14.12	15.08	14.68	12.68	18.25	19.62	16.78	11.81	25.38	20.53	16.45	54.61	35.8	14.73
EV/EBIT	17.77	23.74	26.64	24.66	31.79	35.03	32.96	28.17	51.69	62.91	28.98	21.02	125.07	178.81	170.98
Enterprise Value	768	868	1,440	1,376	1,237	1,712	1,900	1,568	2,484	4,434	5,073	3,792	4,385	3,206	1,743
Low Price	14.42	13.6	16.9	19.04	18.02	19.77	30.72	23.68	27.9	38.57	73.04	59.16	66.9	56.63	30.86
EV/Sales	2.57	2.84	4.15	3.94	3.59	4.39	4.4	3.77	5.9	9.08	7.21	5.82	9.86	7.65	3.93
EV/EBITDA	12.9	15.23	18.57	17.69	19.82	23.66	23.14	19.64	34.28	44.98	24.16	17.41	60.53	61.05	45.6
Price/Earnings	27.67	- -	28.68	26.05	36.03	40.13	79.06	25.67	14.96	68.61	34.08	24.26	84.26	108.76	90.19
Price/Earnings Average	30.1	-29.5	24.16	28.14	35.61	32.15	75.8	28.92	12.13	47.49	33.32	26.58	84.34	121.53	124.72
Price/Earnings High	36.61	-37.14	30.98	34.68	43.5	41.41	93.08	33.88	15.49	68.75	40.6	33.47	102.21	149.83	173.06
Price/Earnings Low	24.06	-22.64	17.37	19.17	26.7	23.39	66.04	19.93	8.44	32.33	26.8	20.01	68.65	99.82	78.31
Price/Book Value	4.61	5.81	7.69	5.97	4.95	5.89	6.21	4.46	5.03	7.86	7.44	5.44	6.23	4.78	2.96
Price/Book Value Average	5.01	6.13	6.48	6.45	4.89	4.72	5.96	5.03	4.08	5.44	7.27	5.96	6.24	5.34	4.09
Price/Book Value High	6.1	7.71	8.31	7.95	5.97	6.08	7.31	5.89	5.21	7.87	8.86	7.5	7.56	6.58	5.67
Price/Book Value Low	4.01	4.7	4.66	4.39	3.67	3.44	5.19	3.47	2.84	3.7	5.85	4.48	5.08	4.38	2.57
Price/Tangible Book Value	2.78	4.53	5.2	4.93	4.72	5.17	5.07	4.34	4.7	6.92	6.91	6.31	7.16	5.42	3.49
Price/Tangible Book Value Average	3.03	4.77	4.38	5.33	4.67	4.14	4.86	4.89	3.81	4.79	6.75	6.92	7.17	6.06	4.83
Price/Tangible Book Value High	3.68	6.01	5.62	6.56	5.7	5.33	5.97	5.73	4.87	6.93	8.23	8.71	8.68	7.47	6.7
Price/Tangible Book Value Low	2.42	3.66	3.15	3.63	3.5	3.01	4.24	3.37	2.65	3.26	5.43	5.21	5.83	4.98	3.03
Price/Sales	3.18	3.15	4.73	4.45	4.09	5.04	5.06	4.32	6.88	10	7.97	6.37	10.56	8.37	4.49
Price/Sales Average	3.45	3.32	3.99	4.8	4.05	4.03	4.85	4.86	5.58	6.92	7.79	6.97	10.57	9.35	6.21
Price/Sales High	4.2	4.18	5.11	5.92	4.94	5.2	5.95	5.7	7.12	10.02	9.49	8.78	12.81	11.53	8.62
Price/Sales Low	2.76	2.55	2.87	3.27	3.03	2.94	4.22	3.35	3.88	4.71	6.27	5.25	8.61	7.68	3.9
Price/Cash Flow	13.71	18.58	16.64	18.13	15.3	20.04	26.61	21.39	12.9	38.87	24.27	19.25	71.42	43.18	17.87
Price/Cash Flow Average	14.92	19.58	14.02	19.58	15.13	16.06	25.51	24.1	10.45	26.91	23.73	21.09	71.48	48.26	24.71
Price/Cash Flow High	18.14	24.65	17.98	24.13	18.47	20.68	31.32	28.24	13.35	38.95	28.92	26.55	86.63	59.49	34.29
Price/Cash Flow Low	11.92	15.03	10.08	13.34	11.34	11.68	22.22	16.61	7.27	18.31	19.09	15.88	58.19	39.64	15.51
Price/Free Cash Flow Average	11.7	14.88	12.7	15.86	12.53	14.62	18.81	18.91	9.58	17.57	20.07	18.02	54.66	40	20.37
Price/Free Cash Flow High	14.23	18.74	16.29	19.55	15.3	18.83	23.1	22.15	12.23	25.43	24.46	22.68	66.24	49.32	28.26
Price/Free Cash Flow Low	9.35	11.42	9.13	10.81	9.39	10.64	16.39	13.03	6.66	11.96	16.14	13.57	44.49	32.86	12.79
EV/Sales Average	2.99	3.12	3.72	4.63	3.78	3.88	4.63	4.54	5.15	6.39	7.56	6.81	10.43	9.23	6.08
EV/Sales High	3.73	3.98	4.84	5.75	4.68	5.04	5.73	5.38	6.7	9.49	9.27	8.62	12.67	11.41	8.49
EV/Sales Low	2.29	2.34	2.6	3.1	2.77	2.78	4.01	3.03	3.46	4.18	6.04	5.09	8.46	7.56	3.77
EV/EBITDA Average	14.99	16.7	16.64	20.77	20.9	20.87	24.35	23.67	29.92	31.66	25.33	20.37	64.01	73.63	70.56
EV/EBITDA High	18.74	21.31	21.68	25.77	25.84	27.13	30.16	28.02	38.89	47.01	31.04	25.77	77.76	91	98.5
EV/EBITDA Low	11.51	12.56	11.62	13.9	15.3	14.95	21.07	15.79	20.07	20.71	20.23	15.22	51.94	60.31	43.73
EV/EBIT Average	20.64	26.03	23.87	28.94	33.52	30.9	34.69	33.95	45.12	44.29	30.39	24.59	132.25	215.65	264.54
EV/EBIT High	25.81	33.22	31.09	35.92	41.45	40.16	42.96	40.2	58.64	65.75	37.23	31.11	160.66	266.54	369.31
EV/EBIT Low	15.86	19.57	16.67	19.37	24.55	22.13	30.01	22.66	30.27	28.97	24.27	18.37	107.32	176.63	163.95
Last Price	16.58	16.81	27.91	25.87	24.32	33.92	36.78	30.49	49.46	81.86	92.89	71.72	82.11	61.7	35.54
High Price	21.94	22.31	30.15	34.44	29.36	35	43.3	40.25	51.19	82.03	110.66	98.92	99.6	85	68.2
Enterprise Value Average	892	952	1,291	1,615	1,304	1,510	1,999	1,889	2,168	3,122	5,319	4,436	4,637	3,866	2,697
Enterprise Value High	1,116	1,214	1,681	2,004	1,613	1,963	2,476	2,237	2,818	4,635	6,518	5,612	5,633	4,779	3,765
Enterprise Value Low	685	716	902	1,081	955	1,082	1,730	1,261	1,454	2,042	4,248	3,314	3,762	3,167	1,671

	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	56	57	60	58	57	58	60	58	59	60	60	57	57	57	55
Diluted Weighted Avg Shares	60	57	61	62	59	59	61	60	60	61	61	58	58	57	56
Basic Weighted Avg Shares	57	57	59	60	58	58	59	59	59	60	60	58	57	57	56
Revenue per Share	5.22	5.33	5.9	5.82	5.94	6.74	7.27	7.06	7.19	8.19	11.66	11.27	7.77	7.37	7.91
EBITDA per Share	1.04	0.99	1.32	1.3	1.08	1.25	1.38	1.36	1.24	1.65	3.48	3.77	1.27	0.92	0.68
Operating Income per Share	0.76	0.64	0.92	0.93	0.67	0.84	0.97	0.94	0.82	1.18	2.9	3.12	0.61	0.32	0.18
Basic EPS, GAAP	0.6	-0.6	0.97	0.99	0.68	0.85	0.47	1.19	3.31	1.19	2.73	2.96	0.97	0.57	0.39
Basic EPS from Cont Ops	0.6	-0.6	0.97	0.99	0.68	0.85	0.47	1.19	3.31	1.19	2.73	2.96	0.97	0.57	0.39
Diluted EPS, GAAP	0.57	-0.6	0.94	0.97	0.66	0.83	0.45	1.16	3.24	1.17	2.67	2.93	0.97	0.56	0.39
Diluted EPS from Cont Ops	0.57	-0.6	0.94	0.97	0.66	0.83	0.45	1.16	3.24	1.17	2.67	2.93	0.97	0.56	0.39
Dividend per Share	0.1	0.1	0.16	0.22	0.24	0.26	0.28	0.32	0.35	0.42	0.54	0.72	0.77	0.81	0.84
Cash Flow per Share	1.21	0.9	1.68	1.43	1.59	1.69	1.38	1.43	3.84	2.11	3.83	3.73	1.15	1.43	1.99
Free Cash Flow per Basic Share	0.8	0.62	1.44	1.04	1.21	1.48	0.83	0.99	3.41	0.92	3.04	3.05	0.78	1.12	1.55
Cash & Equivalents per Share	3.16	1.66	3.43	2.92	3	4.33	4.77	3.88	7.02	7.53	8.79	6.12	5.45	5.28	4.45
Book Value per Share	3.6	2.89	3.63	4.33	4.92	5.75	5.92	6.83	9.83	10.42	12.49	13.19	13.18	12.92	12.02
Tangible Book Value per Share	5.96	3.71	5.37	5.25	5.15	6.56	7.25	7.03	10.52	11.84	13.45	11.36	11.47	11.38	10.17

Power Integrations, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)