Perimeter Solutions, S.A. Financial Ratios — PRM Stock

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	2.12	- -	3.64	2.83	-0.25
Return on Capital (%)	- -	7.64	- -	93.55	- -	- -
Return on Invested Capital (%)	- -	5.05	- -	6.86	- -	- -
Gross Margin (%)	35.05	47.72	- -	35.69	39.83	56.52
EBITDA Margin (%)	21.83	38.16	- -	54.33	62.1	11.04
Operating Margin (%)	-2.41	21.05	- -	36.08	41.97	-0.67
Incremental Operating Margin (%)	- -	77.05	21.05	36.08	-13.34	- -
Pretax Margin (%)	-24.95	10.23	- -	26.97	19.12	-8.35
Profit Margin (%)	-17.57	7.14	- -	25.45	20.95	-1.05
Net Income to Common Margin (%)	-17.57	7.14	- -	25.45	20.95	-1.05
Effective Tax Rate (%)	- -	30.18	- -	5.62	- -	- -
Dvd Payout Ratio (%)	-29.4	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	730	687	664	684	690	693
LT Debt	724	681	664	681	687	689
ST Debt	6	7	- -	4	3	3
Total Debt/EBITDA	13.97	5.3	- -	3.49	3.45	11.18
Net Debt/EBITDA	13.78	5.13	- -	2.75	3.1	7.58
Total Debt/EBIT	-126.34	9.62	- -	5.26	5.1	-183.9
Net Debt/EBIT	-124.64	9.3	- -	4.14	4.58	-124.59
EBITDA to Interest Expense	1.01	3.08	- -	4.6	4.83	1.53
EBITDA-CapEx/Interest Expense	0.84	2.91	- -	4.4	4.61	1.15
EBIT to Interest Expense	-0.11	1.7	- -	3.05	3.27	-0.09
Interest Expense	52	42	- -	43	41	40
Common Equity/Total Assets	-1.66	0.46	-22.54	-19.75	-17.96	-24.28
Long-Term Debt/Equity (%)	276.03	233.53	61.4	59.77	59.62	59.56
Long-Term Debt/Capital (%)	101.88	98.27	801.62	341.69	250.76	650.12
Long-Term Debt/Total Assets (%)	63.23	59.79	25.76	27.71	29.67	28.53
Total Debt/Equity (%)	278.16	235.83	61.4	60.08	59.85	59.86
Total Debt/Capital (%)	102.67	99.24	801.62	343.46	251.76	653.34
Total Debt/Total Assets (%)	63.72	60.38	25.76	27.86	29.79	28.67
Net Debt to Equity	274.42	228.12	40.55	47.29	53.74	40.55
Net Debt/Capital (%)	102.71	99.22	-307.33	742.94	273.18	-507.78
EBITDA	52	130	- -	196	200	62
EBITDA-CapEx	43	122	- -	187	191	46
Operating Income (Loss)	-6	71	- -	130	135	-4

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	0.21	0.68	2.24	1.71	0.96	3.18
Current Ratio	2.57	4.04	3.7	4.16	4.56	6.31
Quick Ratio	1.07	1.91	2.49	2.07	1.71	4.25
CFO/Avg Current Liab	- -	1.75	- -	-0.46	- -	3.21
Common Equity/Total Assets	-1.66	0.46	-22.54	-19.75	-17.96	-24.28
Long-Term Debt/Equity (%)	276.03	233.53	61.4	59.77	59.62	59.56
Long-Term Debt/Capital (%)	101.88	98.27	801.62	341.69	250.76	650.12
Long-Term Debt/Total Assets (%)	63.23	59.79	25.76	27.71	29.67	28.53
Total Debt/Equity (%)	278.16	235.83	61.4	60.08	59.85	59.86
Total Debt/Capital (%)	102.67	99.24	801.62	343.46	251.76	653.34
Total Debt/Total Assets (%)	63.72	60.38	25.76	27.86	29.79	28.67
CFO/Total Liabilities	-0.03	8.36	- -	-3.05	0.02	14.96
CFO/CapEx	-0.03	9.45	- -	-4.66	0.02	12.13
Altman's Z-Score	1.22	3.45	-1.62	1.09	0.94	1.15

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	10.63	- -	14.15	9.73	11.73
Days Sales Outstanding	- -	34.33	- -	25.8	37.53	31.11
Inventory Turnover	- -	2.76	- -	1.86	1.34	1.86
Days Inventory Outstanding	- -	132.34	- -	196.68	271.77	196.06
Accounts Payable Turnover	- -	11.34	2.58	8.34	6.73	9.5
Accounts Payable Turnover Days	- -	32.19	141.59	43.78	54.27	38.41
Cash Conversion Cycle	- -	134.48	- -	178.71	255.03	188.76
Inventory to Cash Days	- -	-98.01	- -	-170.88	-234.24	-164.94
Inventories	70	59	107	143	146	116
Raw Materials	- -	26	34	66	78	66
Work In Process	- -	- -	- -	- -	- -	- -
Finished Goods	- -	33	73	77	68	50
Other Inventory	70	- -	- -	- -	- -	- -

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	- -	- -	1,471	711	1,862
- Cash & Cash Equivalents	10	22	226	127	47	198
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
+ Total Debt	730	687	664	684	690	693
Enterprise Value	720	665	439	2,029	1,348	2,356
Total Capital	711	693	83	199	274	106
Total Debt/Capital (%)	102.67	99.24	801.62	343.46	251.76	653.34
Total Debt / EV	1.01	1.03	1.51	0.34	0.51	0.29
EV/Sales	3.01	1.96	- -	5.63	4.19	4.2
EV/EBITDA	13.78	5.13	- -	10.36	6.74	38.04
EV/EBIT	- -	9.3	- -	15.6	9.97	- -
EV/Cash Flow to Firm	19.97	6.64	- -	115,244.22	29.61	12.18
EV/Free Cash Flow to Firm	16.03	6.18	- -	235.04	24.53	11.27
Diluted Market Cap	- -	- -	- -	1,600	766	1,862
Diluted Enterprise Value	720	665	439	2,158	1,408	2,356
EV per Share	4.58	4.23	- -	12.6	8.72	16.17
TTM Sales	239	340	- -	361	322	561
TTM EBITDA	52	130	- -	196	200	62
TTM Operating Income	-6	71	- -	130	135	-4
TTM Cash Flow to Firm	36	100	- -	- -	46	193
TTM Free Cash Flow to Firm	45	108	- -	9	55	209

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Earnings	- -	- -	- -	16.03	10.54	- -
Price/Earnings Average	- -	- -	- -	18.55	14.14	-225.01
Price/Earnings High	- -	- -	- -	26.14	21.98	-356.33
Price/Earnings Low	- -	- -	- -	11.54	6.39	-95.74
Price/Book Value	- -	- -	- -	-3.03	-1.71	-3.17
Price/Book Value Average	- -	- -	- -	-3.51	-2.3	-2.26
Price/Book Value High	- -	- -	- -	-4.95	-3.57	-3.59
Price/Book Value Low	- -	- -	- -	-2.18	-1.04	-0.96
Price/Tangible Book Value	- -	- -	- -	-1.58	-0.86	-2.4
Price/Tangible Book Value Average	- -	- -	- -	-1.83	-1.15	-1.71
Price/Tangible Book Value High	- -	- -	- -	-2.58	-1.79	-2.71
Price/Tangible Book Value Low	- -	- -	- -	-1.14	-0.52	-0.73
Price/Sales	- -	- -	- -	4.08	2.21	3.32
Price/Sales Average	- -	- -	- -	4.72	2.96	2.37
Price/Sales High	- -	- -	- -	6.65	4.6	3.75
Price/Sales Low	- -	- -	- -	2.94	1.34	1.01
Price/Cash Flow	- -	- -	- -	-36.62	3,686.36	9.89
Price/Cash Flow Average	- -	- -	- -	-42.37	4,945.65	7.05
Price/Cash Flow High	- -	- -	- -	-59.72	7,685.25	11.17
Price/Cash Flow Low	- -	- -	- -	-26.36	2,235.86	3
Price/Free Cash Flow	- -	- -	- -	-50.71	79.53	9.13
Price/Free Cash Flow Average	- -	- -	- -	-58.67	106.69	6.52
Price/Free Cash Flow High	- -	- -	- -	-82.7	165.8	10.32
Price/Free Cash Flow Low	- -	- -	- -	-36.5	48.23	2.77
EV/Sales	3.01	1.96	- -	5.63	4.19	4.2
EV/Sales Average	3.01	1.96	- -	6.27	4.96	3.25
EV/Sales High	3.01	1.96	- -	8.2	6.6	4.63
EV/Sales Low	3.01	1.96	- -	4.48	3.33	1.89
EV/EBITDA	13.78	5.13	- -	10.36	6.74	38.04
EV/EBITDA Average	13.78	5.13	- -	11.54	7.98	29.43
EV/EBITDA High	13.78	5.13	- -	15.1	10.63	41.94
EV/EBITDA Low	13.78	5.13	- -	8.25	5.37	17.1
EV/EBIT	- -	9.3	- -	15.6	9.97	- -
EV/EBIT Average	-124.64	9.3	- -	17.37	11.81	-483.93
EV/EBIT High	-124.64	9.3	- -	22.73	15.72	-689.77
EV/EBIT Low	-124.64	9.3	- -	12.43	7.94	-281.3
Last Price	- -	- -	13.89	9.14	4.6	12.78
High Price	- -	- -	15.14	14.91	9.59	14.44
Low Price	- -	- -	10.63	6.58	2.79	3.88
Enterprise Value	720	665	439	2,029	1,348	2,356
Enterprise Value Average	720	665	439	2,259	1,597	1,823
Enterprise Value High	720	665	439	2,957	2,126	2,598
Enterprise Value Low	720	665	439	1,617	1,074	1,060

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	157	157	157	157	146	148
Diluted Weighted Avg Shares	157	157	- -	175	166	146
Basic Weighted Avg Shares	157	157	- -	161	155	146
Revenue per Share	1.52	2.16	- -	2.24	2.08	3.85
EBITDA per Share	0.33	0.82	- -	1.22	1.29	0.43
Operating Income per Share	-0.04	0.45	- -	0.81	0.87	-0.03
Basic EPS, GAAP	-0.27	0.15	- -	0.57	0.44	-0.04
Basic EPS from Cont Ops	-0.27	0.15	- -	0.57	0.44	-0.04
Diluted EPS, GAAP	-0.27	0.15	- -	0.52	0.41	-0.04
Diluted EPS from Cont Ops	-0.27	0.15	- -	0.52	0.41	-0.04
Dividend per Share	0.08	- -	- -	- -	- -	- -
Cash Flow per Share	- -	0.45	- -	-0.25	- -	1.29
Free Cash Flow per Basic Share	-0.06	0.4	- -	-0.3	-0.06	1.19
Cash & Equivalents per Share	0.06	0.14	- -	0.79	0.34	1.36
Book Value per Share	-0.12	0.03	- -	-3.01	-2.69	-4.03
Tangible Book Value per Share	-4.52	-4.23	- -	-5.78	-5.36	-5.32

Perimeter Solutions, S.A.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items