Renewable Energy Group, Inc. Financial Ratios — REGI Stock

Profitability (USD)

	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Return on Common Equity (%)	- -	- -	- -	- -	20.65	115.11	29.63	-61.57	22.65	-45.32	103.99	61.9	14.52	21.42
Return on Assets (%)	- -	-26.92	-7.57	20.81	4.54	30.14	7.82	-11.66	3.76	-7.38	27.67	26.28	7.57	10.64
Return on Capital (%)	- -	- -	- -	57.71	11.64	80.51	19.94	- -	12.53	- -	58.98	- -	12.95	- -
Return on Invested Capital (%)	- -	- -	- -	49.79	4.47	34.2	9.53	- -	6.7	- -	33.62	- -	10.74	- -
Gross Margin (%)	2.63	2.24	9.99	15.44	5.75	15.98	12.61	7.97	8.4	3.87	17.62	20.07	12.56	11.4
EBITDA Margin (%)	-24.25	-11.09	2.48	12.4	2.36	13.55	7.91	3.26	4.75	0.48	14.67	16.97	8.72	8.41
Operating Margin (%)	-25.51	-15.48	-0.26	11.25	1.57	12.9	6.71	1.46	3.19	-1.11	13.15	15.59	6.97	7.07
Incremental Operating Margin (%)	- -	- -	- -	15.35	-40.23	36.72	48.06	-57.45	6.85	- -	150.03	38.16	52.12	7.26
Pretax Margin (%)	-28.41	-17.15	-11.16	11.09	2.34	12.77	6.76	-11.56	2.4	-5.08	12.99	14.73	6.02	6.14
Profit Margin (%)	-15.32	-46.32	-9.97	10.78	2.19	12.44	6.49	-10.91	2.17	-3.66	12.27	14.39	5.75	6.59
Net Income to Common Margin (%)	-46.56	-79.91	-3.7	5.19	0.92	11.22	6.5	-10.89	2.13	-3.66	12.27	14.39	5.75	6.59
Effective Tax Rate (%)	- -	- -	- -	3.26	6.13	2.58	4.15	- -	8.71	- -	1.9	- -	4.61	- -
Dvd Payout Ratio (%)	58.85	36.52	-169.72	-107.87	-104.8	-10.14	0.35	-0.21	-1.98	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	42.29	126.78	29.53	-61.7	23.1	-45.32	103.99	61.9	14.52	21.42

Credit (USD)

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	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Total Debt	42	41	107	96	41	49	273	278	267	289	198	226	95	589
ST Debt	5	3	35	13	5	18	22	28	68	79	163	170	65	13
LT Debt	37	38	72	83	36	31	250	250	199	210	35	57	30	576
Total Debt/EBITDA	-2.02	-2.79	19.99	0.94	1.72	0.24	2.71	6.15	2.75	27.95	0.57	0.51	0.51	2.16
Net Debt/EBITDA	-0.73	-1.58	17.1	0.51	-1.24	-0.53	2.05	5.05	1.53	20.28	0.21	0.29	-0.1	0.14
Total Debt/EBIT	-1.92	-2	-193.55	1.03	2.58	0.25	3.19	13.72	4.1	-12.09	0.63	0.55	0.64	2.57
Net Debt/EBIT	-0.7	-1.13	-165.52	0.56	-1.87	-0.56	2.41	11.26	2.28	-8.77	0.23	0.32	-0.13	0.17
EBITDA to Interest Expense	-10.89	-6.04	1.09	12.63	5.11	84.7	15.06	3.82	6.06	0.55	19.93	36.81	23.56	12.43
EBITDA-CapEx/Interest Expense	-46.24	-9.09	0.17	12.03	2.41	68.4	6.07	-1.62	2.26	-3.05	17.28	33.31	15.51	7.89
EBIT to Interest Expense	-11.46	-8.43	-0.11	11.46	3.4	80.65	12.78	1.71	4.07	-1.28	17.87	33.83	18.84	10.45
Interest Expense	2	2	5	8	5	2	7	12	16	19	18	12	8	22
Common Equity/Total Assets	- -	-30.37	-14.16	7.54	10.86	32.14	23.39	13.87	18.83	13.42	38.59	44.85	60.98	43.18
Long-Term Debt/Equity (%)	44.59	- -	205.94	69.04	8.78	5.14	32.14	40.72	32.55	37.06	4.56	5	2.59	33.32
Long-Term Debt/Capital (%)	58.87	-552.92	131.3	29.72	20.13	10.57	41.53	55.46	41.06	49.59	5.57	5.5	3.08	33.99
Long-Term Debt/Total Assets (%)	14.51	18.71	19.56	17.18	7.22	4.15	18.23	20.43	17.48	20.92	3.15	3.17	2.08	22.5
Total Debt/Equity (%)	51.07	-149.78	305.89	79.41	10.07	8.15	35.02	45.33	43.74	50.96	25.89	20	8.1	34.08
Total Debt/Capital (%)	67.42	-598.67	195.03	34.19	23.07	16.76	45.25	61.75	55.17	68.19	31.68	22.04	9.64	34.76
Total Debt/Total Assets (%)	16.62	20.26	29.06	19.77	8.28	6.58	19.86	22.75	23.48	28.76	17.9	12.68	6.5	23.01
Net Debt to Equity	18.49	-84.77	261.61	43.14	-7.29	-18.07	26.47	37.22	24.29	36.97	9.55	11.47	-1.64	2.26
Net Debt/Capital (%)	32.39	-181.92	180.77	21.1	-26.76	-78.52	38.22	56.61	40.34	60.55	14.57	13.29	-2.13	3.27
EBITDA	-21	-15	5	102	24	203	101	45	97	10	349	448	186	273
EBITDA-CapEx	-88	-22	1	97	11	164	41	-19	36	-57	303	406	123	173
Operating Income (Loss)	-22	-20	-1	93	16	193	86	20	65	-24	313	412	149	229

Liquidity (USD)

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	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Cash Ratio	0.64	0.22	0.07	0.56	1.68	1.56	0.28	0.16	0.5	0.38	0.59	0.09	0.95	3.2
Current Ratio	2.08	1.4	0.94	2.51	3.74	3.54	1.85	1.62	1.98	1.74	1.58	1.89	2.68	6.07
Quick Ratio	0.93	0.67	0.37	1.44	2.27	2.43	1.32	1.22	1.22	0.85	0.86	1.55	1.65	4.02
CFO/Avg Current Liab	- -	-0.32	-0.33	0.84	0.9	2.02	0.17	0.28	0.29	0.07	1.46	-0.11	1.3	-0.07
Common Equity/Total Assets	- -	-30.37	-14.16	7.54	10.86	32.14	23.39	13.87	18.83	13.42	38.59	44.85	60.98	43.18
Long-Term Debt/Equity (%)	44.59	- -	205.94	69.04	8.78	5.14	32.14	40.72	32.55	37.06	4.56	5	2.59	33.32
Long-Term Debt/Capital (%)	58.87	-552.92	131.3	29.72	20.13	10.57	41.53	55.46	41.06	49.59	5.57	5.5	3.08	33.99
Long-Term Debt/Total Assets (%)	14.51	18.71	19.56	17.18	7.22	4.15	18.23	20.43	17.48	20.92	3.15	3.17	2.08	22.5
Total Debt/Equity (%)	51.07	-149.78	305.89	79.41	10.07	8.15	35.02	45.33	43.74	50.96	25.89	20	8.1	34.08
Total Debt/Capital (%)	67.42	-598.67	195.03	34.19	23.07	16.76	45.25	61.75	55.17	68.19	31.68	22.04	9.64	34.76
Total Debt/Total Assets (%)	16.62	20.26	29.06	19.77	8.28	6.58	19.86	22.75	23.48	28.76	17.9	12.68	6.5	23.01
CFO/Total Liabilities	-2.14	-3.61	-4.36	14.07	50.72	97.78	5.47	13.15	14.3	3.56	106.93	-7.15	189.06	-1.95
CFO/CapEx	-0.05	-1.12	-3.21	10.65	3.53	3.58	0.54	1.24	1.24	0.23	7.87	-1.1	8.54	-0.16
Altman's Z-Score	0.2	-0.05	0.49	3.26	4.27	5.84	2.39	2.03	3.05	3.17	5.62	4.22	8.84	4.31

Working Capital (USD)

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	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Accounts Receivable Turnover	- -	13.68	13.98	23.01	28.35	29.47	6.75	4.58	8.58	16.89	28.85	5.66	4.26	21.51
Days Sales Outstanding	- -	26.68	26.11	15.86	12.87	12.39	54.1	79.64	42.53	21.61	12.65	64.5	85.6	16.97
Inventory Turnover	- -	10.44	9.32	19.6	21.89	18.3	11.1	12.78	15.18	13.07	11.77	12.63	10	8.59
Days Inventory Outstanding	- -	34.97	39.18	18.62	16.68	19.95	32.88	28.57	24.05	27.92	31	28.91	36.5	42.52
Accounts Payable Turnover	- -	9.16	14.87	31.98	32.93	33.98	8.98	5.73	11.51	22.67	21.85	9.05	7.63	21.12
Accounts Payable Turnover Days	- -	39.87	24.54	11.41	11.08	10.74	40.65	63.68	31.72	16.1	16.71	40.34	47.84	17.28
Cash Conversion Cycle	- -	21.78	40.74	23.07	18.47	21.59	46.32	44.53	34.86	33.43	26.95	53.07	74.26	42.2
Inventory to Cash Days	- -	-8.3	-13.07	-2.76	-3.8	-7.56	21.21	51.07	18.48	-6.31	-18.35	35.59	49.1	-25.54
Inventories	12	13	29	42	45	92	108	92	155	163	171	164	210	459
Raw Materials	2	1	7	14	10	13	23	29	35	40	40	58	66	168
Work In Process	- -	- -	- -	1	- -	1	3	3	4	4	4	4	6	8
Finished Goods	10	12	21	28	35	71	72	54	107	92	125	100	138	278
Other Inventory	- -	- -	- -	- -	- -	6	11	6	9	27	2	2	1	6

Enterprise Value (USD)

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	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Market Capitalization	- -	- -	- -	- -	166	379	396	408	397	457	969	1,032	2,776	2,008
- Cash & Cash Equivalents	15	6	4	34	67	153	64	47	116	78	124	50	84	498
+ Preferred Equity and Hybrid Capital	- -	- -	- -	148	83	4	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	20	13	- -	- -	- -	- -	9	3	3	- -	- -	- -	- -	- -
+ Total Debt	42	41	107	96	41	49	273	278	267	289	198	226	95	589
Enterprise Value	47	48	103	210	224	278	597	642	550	669	992	1,208	2,637	1,808
Total Capital	62	-7	55	280	178	291	603	451	484	424	625	1,027	986	1,694
Total Debt/Capital (%)	67.42	-598.67	195.03	34.19	23.07	16.76	45.25	61.75	55.17	68.19	31.68	22.04	9.64	34.76
Total Debt / EV	0.89	0.84	1.04	0.46	0.18	0.18	0.46	0.43	0.49	0.43	0.2	0.19	0.04	0.33
EV/Sales	0.55	0.37	0.48	0.25	0.22	0.19	0.47	0.46	0.27	0.31	0.42	0.46	1.23	0.56
EV/EBITDA	- -	- -	19.2	2.05	9.35	1.37	5.92	14.18	5.68	64.62	2.84	2.7	14.15	6.63
EV/EBIT	- -	- -	- -	2.26	14.06	1.44	6.98	31.65	8.46	- -	3.17	2.93	17.69	7.88
EV/Cash Flow to Firm	- -	- -	- -	3.56	4.56	1.96	15.33	7.03	6.12	22.95	2.59	- -	4.79	247.57
EV/Free Cash Flow to Firm	0.72	7.55	- -	3.29	3.63	1.54	6.02	4.12	3.65	6.91	2.31	150.9	4.29	16.92
Diluted Market Cap	- -	- -	- -	- -	201	379	396	408	397	457	1,122	1,141	3,151	2,025
Diluted Enterprise Value	47	48	103	210	259	278	614	642	550	669	1,196	1,316	3,162	2,116
EV per Share	3.44	2.47	5.25	15.43	7.88	8.42	14.65	14.61	13.45	17.26	26.33	31.54	67.28	38.22
TTM Sales	85	132	216	824	1,015	1,498	1,274	1,387	2,041	2,158	2,383	2,641	2,137	3,244
TTM EBITDA	-21	-15	5	102	24	203	101	45	97	10	349	448	186	273
TTM Operating Income	-22	-20	-1	93	16	193	86	20	65	-24	313	412	149	229
TTM Cash Flow to Firm	-2	-1	-10	59	49	142	39	91	90	29	383	-35	551	7
TTM Free Cash Flow to Firm	65	6	-6	64	62	181	99	156	151	97	429	8	615	107

Multiples (USD)

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	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Price/Free Cash Flow	- -	- -	- -	- -	3.51	2.12	4.27	2.82	2.92	5.5	2.72	-272.21	5.19	24.31
EV/EBIT	- -	- -	- -	2.26	14.06	1.44	6.98	31.65	8.46	- -	3.17	2.93	17.69	7.88
Enterprise Value	47	48	103	210	224	278	597	642	550	669	992	1,208	2,637	1,808
Low Price	- -	- -	- -	- -	4.28	5.9	8.67	7.06	6.02	8.25	9.5	9.9	16.05	40.27
EV/Sales	0.55	0.37	0.48	0.25	0.22	0.19	0.47	0.46	0.27	0.31	0.42	0.46	1.23	0.56
EV/EBITDA	- -	- -	19.2	2.05	9.35	1.37	5.92	14.18	5.68	64.62	2.84	2.7	14.15	6.63
Price/Earnings	- -	- -	- -	- -	17.83	2.25	4.77	- -	9.13	- -	3.31	2.72	22.6	9.39
Price/Earnings Average	- -	- -	- -	- -	22.15	2.28	5.32	-2.71	8.27	-5.43	2.45	1.91	11.76	13.99
Price/Earnings High	- -	- -	- -	- -	32.4	3.24	6.34	-3.72	9.98	-6.64	4.19	2.98	25.85	25.88
Price/Earnings Low	- -	- -	- -	- -	13.02	1.16	4.26	-2.05	5.66	-4.04	1.22	1	5.12	8.91
Price/Book Value	- -	- -	- -	- -	3.09	1.59	1.23	2.41	1.85	3.39	2.27	1.29	3.11	1.82
Price/Book Value Average	- -	- -	- -	- -	3.84	1.61	1.37	2.41	1.68	3.18	1.68	0.91	1.62	2.71
Price/Book Value High	- -	- -	- -	- -	5.62	2.29	1.64	3.32	2.03	3.89	2.87	1.42	3.56	5.01
Price/Book Value Low	- -	- -	- -	- -	2.26	0.82	1.1	1.83	1.15	2.37	0.84	0.47	0.71	1.72
Price/Tangible Book Value	- -	- -	- -	- -	0.71	0.75	0.7	0.72	0.7	0.87	1.32	0.93	2.42	1.23
Price/Tangible Book Value Average	- -	- -	- -	- -	0.88	0.76	0.79	0.72	0.64	0.82	0.97	0.66	1.26	1.83
Price/Tangible Book Value High	- -	- -	- -	- -	1.28	1.08	0.94	0.99	0.77	1	1.67	1.03	2.77	3.39
Price/Tangible Book Value Low	- -	- -	- -	- -	0.52	0.39	0.63	0.55	0.44	0.61	0.49	0.34	0.55	1.17
Price/Sales	- -	- -	- -	- -	0.16	0.25	0.31	0.29	0.19	0.21	0.41	0.39	1.3	0.62
Price/Sales Average	- -	- -	- -	- -	0.2	0.26	0.35	0.3	0.18	0.2	0.3	0.27	0.68	0.92
Price/Sales High	- -	- -	- -	- -	0.3	0.36	0.41	0.41	0.21	0.24	0.51	0.43	1.49	1.71
Price/Sales Low	- -	- -	- -	- -	0.12	0.13	0.28	0.22	0.12	0.15	0.15	0.14	0.29	0.59
Price/Cash Flow	- -	- -	- -	- -	3.73	2.71	12.16	5.09	5.27	29.3	2.65	-22.09	5.11	-123.61
Price/Cash Flow Average	- -	- -	- -	- -	4.63	2.74	13.56	5.11	4.77	27.53	1.96	-15.54	2.66	-184.17
Price/Cash Flow High	- -	- -	- -	- -	6.77	3.9	16.14	7.02	5.76	33.65	3.35	-24.27	5.84	-340.77
Price/Cash Flow Low	- -	- -	- -	- -	2.72	1.4	10.86	3.87	3.27	20.49	0.98	-8.12	1.16	-117.28
Price/Free Cash Flow Average	- -	- -	- -	- -	4.37	2.14	4.76	2.83	2.64	5.16	2.02	-191.43	2.7	36.22
Price/Free Cash Flow High	- -	- -	- -	- -	6.39	3.05	5.67	3.89	3.19	6.31	3.45	-299.07	5.94	67.02
Price/Free Cash Flow Low	- -	- -	- -	- -	2.57	1.09	3.81	2.15	1.81	3.84	1.01	-99.99	1.18	23.07
EV/Sales Average	0.55	0.37	0.48	0.25	0.26	0.19	0.52	0.46	0.25	0.3	0.33	0.34	0.68	0.95
EV/Sales High	0.55	0.37	0.48	0.25	0.35	0.3	0.58	0.57	0.29	0.34	0.55	0.5	1.49	1.73
EV/Sales Low	0.55	0.37	0.48	0.25	0.18	0.06	0.45	0.39	0.2	0.25	0.18	0.21	0.3	0.62
EV/EBITDA Average	-2.26	-3.31	19.2	2.05	11.03	1.39	6.54	14.21	5.29	61.94	2.26	2.01	7.81	11.3
EV/EBITDA High	-2.26	-3.31	19.2	2.05	15.03	2.19	7.38	17.59	6.06	71.17	3.72	2.92	17.09	20.62
EV/EBITDA Low	-2.26	-3.31	19.2	2.05	7.47	0.47	5.67	12.02	4.12	51.33	1.24	1.24	3.43	7.32
EV/EBIT Average	-2.15	-2.37	-185.87	2.26	16.6	1.46	7.71	31.7	7.88	-26.78	2.53	2.19	9.76	13.44
EV/EBIT High	-2.15	-2.37	-185.87	2.26	22.61	2.3	8.69	39.25	9.02	-30.77	4.15	3.18	21.37	24.52
EV/EBIT Low	-2.15	-2.37	-185.87	2.26	11.24	0.49	6.68	26.82	6.14	-22.19	1.38	1.35	4.29	8.7
Last Price	- -	- -	- -	- -	5.86	11.46	9.71	9.29	9.7	11.8	25.7	26.95	70.82	42.44
High Price	- -	- -	- -	- -	10.65	16.5	12.89	12.8	10.6	13.55	32.52	29.61	80.99	117
Enterprise Value Average	47	48	103	210	264	282	659	643	513	641	791	902	1,455	3,082
Enterprise Value High	47	48	103	210	360	445	743	797	587	736	1,300	1,310	3,185	5,626
Enterprise Value Low	47	48	103	210	179	94	571	544	399	531	433	555	640	1,996

	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y
Shares Outstanding	20	20	20	20	31	37	44	44	39	39	37	39	39	50
Diluted Weighted Avg Shares	14	20	20	14	34	33	41	44	41	39	44	42	44	48
Basic Weighted Avg Shares	14	20	20	14	28	33	41	44	41	39	38	38	39	47
Revenue per Share	6.28	6.72	11.03	60.56	35.76	45.34	31.27	31.56	49.91	55.72	63.23	68.99	54.52	68.58
EBITDA per Share	-1.52	-0.75	0.27	7.51	0.84	6.14	2.47	1.03	2.37	0.27	9.27	11.7	4.75	5.77
Operating Income per Share	-1.6	-1.04	-0.03	6.81	0.56	5.85	2.1	0.46	1.59	-0.62	8.31	10.76	3.8	4.85
Basic EPS, GAAP	-2.92	-5.37	-0.41	3.14	0.33	5.09	2.03	-3.44	1.06	-2.04	7.76	9.93	3.13	4.52
Basic EPS from Cont Ops	-1.17	-3.52	-1.1	6.53	0.78	5.64	2.03	-3.45	1.09	-2.04	8.06	10.18	3.13	4.52
Diluted EPS, GAAP	-2.92	-5.37	-0.41	3.14	0.27	5.08	2.03	-3.44	1.06	-2.04	6.7	8.98	2.76	4.48
Diluted EPS from Cont Ops	-1.17	-3.52	-1.1	6.53	0.65	5.64	2.03	-3.45	1.09	-2.04	6.96	9.21	2.76	4.48
Dividend per Share	- -	- -	- -	- -	0.11	0.04	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.27	-0.42	-0.74	3.76	1.57	4.23	0.8	1.82	1.84	0.4	9.7	-1.22	13.86	-0.34
Free Cash Flow per Basic Share	-5.21	-0.79	-0.98	3.41	1.13	3.04	-0.68	0.36	0.36	-1.34	8.47	-2.33	12.24	-2.45
Cash & Equivalents per Share	1.13	0.3	0.22	2.47	2.35	4.64	1.97	1.07	2.84	2	4.63	1.32	5.97	16.67
Book Value per Share	- -	-3.11	-2.67	2.68	1.9	7.21	7.88	3.86	5.23	3.48	11.34	20.91	22.74	23.36
Tangible Book Value per Share	4.3	-2.58	-2.7	-8.56	8.29	15.26	13.78	12.9	13.81	13.54	19.52	28.83	29.26	34.48

Renewable Energy Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)