PermRock Royalty Trust Financial Ratios — PRT Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	-48,048,160	33.82	9.75	2.16	8.58	15.02	8.03	6.96	9.52
Return on Assets (%)	- -	-4.02	33.32	9.62	2.13	8.44	14.67	7.86	6.83	9.26
Return on Capital (%)	- -	- -	20.51	9.75	2.16	8.58	15.02	8.03	6.96	9.52
Return on Invested Capital (%)	- -	- -	20.51	9.72	2.14	8.49	14.84	7.93	6.87	9.33
Gross Margin (%)	27.78	42.57	100	100	100	100	100	100	100	100
EBITDA Margin (%)	29.26	44.92	96	84.58	59.92	90.5	93.37	87.14	85.76	84.04
Operating Margin (%)	0.51	19.52	96	84.58	59.92	90.5	93.37	87.14	85.76	84.04
Incremental Operating Margin (%)	- -	43.05	-60.53	116.62	95.41	110.18	98.02	100.84	94.25	109.23
Pretax Margin (%)	-35.17	-7.57	96	84.58	59.92	90.5	93.37	87.14	85.76	84.04
Profit Margin (%)	-35.17	-7.57	96	84.58	59.92	90.5	93.37	87.14	85.76	84.04
Net Income to Common Margin (%)	-35.17	-7.57	96	84.58	59.92	90.5	93.37	87.14	85.76	84.04
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-48,048,160	33.82	9.75	2.16	8.58	15.02	8.03	6.96	9.52

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	36	60	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	36	60	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	7	4.19	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	399.58	9.65	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	5.23	7.88	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-46.39	-11.11	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	0.09	3.43	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	2	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	100	98.51	98.65	98.67	97.84	97.58	98.23	97.82	95.68
Long-Term Debt/Equity (%)	54.34	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	30.13	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	54.34	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	30.13	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	52.8	438,730,790	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	5	14	16	9	2	7	12	6	5	5
EBITDA-CapEx	-46	-20	16	9	2	7	12	6	5	5
Operating Income (Loss)	- -	6	16	9	2	7	12	6	5	5

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.12	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	0.64	- -	1	1.97	6.51	2.18	2.02	3.71	2.63	6.01
Quick Ratio	0.6	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	3.42	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	100	98.51	98.65	98.67	97.84	97.58	98.23	97.82	95.68
Long-Term Debt/Equity (%)	54.34	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	30.13	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	54.34	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	30.13	598,000,000	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	11.24	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	0.12	0.41	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.12	- -	0.72	0.45	0.12	0.39	0.67	0.38	0.33	0.8

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	16.39	1,623,878.5	2,089,932	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	22.27	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	5.18	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	70.49	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	-48.21	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	22.27	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	1	16	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	36	60	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	35	44	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	36	60	92	89	88	84	80	76	72	27
Total Debt/Capital (%)	100	100	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	1.03	1.36	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	1.99	1.38	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	5.02	2.77	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	0.61	0.87	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	35	44	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	2.87	3.61	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	18	32	16	10	3	8	13	7	6	6
TTM EBITDA	5	14	16	9	2	7	12	6	5	5
TTM Operating Income	- -	6	16	9	2	7	12	6	5	5
TTM Cash Flow to Firm	7	16	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	58	50	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	35	44	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	1.99	1.38	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	1.99	1.38	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	1.99	1.38	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	1.99	1.38	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	6.8	3.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	388.21	7.08	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	35	44	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	35	44	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	35	44	- -	- -	- -	- -	- -	- -	- -	- -

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	12	12	12	12	12	12	12	12	12	12
Diluted Weighted Avg Shares	12	12	12	12	12	12	12	12	12	- -
Basic Weighted Avg Shares	12	12	12	12	12	12	12	12	12	- -
Revenue per Share	1.44	2.61	1.33	0.86	0.26	0.67	1.08	0.59	0.49	- -
EBITDA per Share	0.42	1.17	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Operating Income per Share	0.01	0.51	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Basic EPS, GAAP	-0.51	-0.2	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Basic EPS from Cont Ops	-0.51	-0.2	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Diluted EPS, GAAP	-0.51	-0.2	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Diluted EPS from Cont Ops	-0.51	-0.2	1.28	0.73	0.16	0.61	1.01	0.51	0.42	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.49	1.16	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	-3.68	-1.67	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	0.08	1.31	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	7.58	7.32	7.23	6.89	6.58	6.24	5.95	- -
Tangible Book Value per Share	5.45	- -	7.58	7.37	7.31	6.97	6.66	6.32	6.03	- -

PermRock Royalty Trust

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)