Richardson Electronics, Ltd. Financial Ratios — RELL 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 (%)	154.7	8.33	1.2	-0.51	-5.9	-7.97	-9.24	5.43	-11.18	-3.18	3.03	29.23	28.55	0.07	-1.39
Return on Assets (%)	32.05	3.13	0.56	-0.24	-2.86	-3.83	-4.26	2.36	-4.59	-1.21	1.08	10.65	11.82	0.03	-0.59
Return on Capital (%)	132.21	- -	1.2	- -	- -	- -	- -	5.43	- -	- -	2.87	- -	27.58	0.07	- -
Return on Invested Capital (%)	1.15	- -	- -	- -	- -	- -	- -	1.48	- -	- -	1.64	- -	14.37	0.1	- -
Gross Margin (%)	29.03	29.64	29.45	29.73	30.04	31.57	32.06	33.75	31.04	31.86	33.25	31.92	31.86	30.52	31.02
EBITDA Margin (%)	3.04	4.62	0.76	-1.01	-4.66	-3.11	-2.36	3.89	1.65	1.11	3.57	8.64	10.91	2.41	3.17
Operating Margin (%)	1.8	3.91	0.01	-1.8	-5.91	-4.79	-4.36	2.05	-0.25	-1.06	1.64	7.11	9.51	0.21	1.26
Incremental Operating Margin (%)	20.25	-322.02	36.79	- -	- -	- -	- -	35.4	- -	- -	21.65	27.42	23.66	37.1	17.74
Pretax Margin (%)	1.54	4.85	0.46	-0.47	-5.11	-4.38	-4.47	2.37	-3.79	-0.78	1.3	7.02	9.53	0.08	-0.73
Profit Margin (%)	55.36	5.4	0.88	-0.37	-4.06	-4.76	-5.06	2.34	-4.4	-1.18	0.94	7.98	8.5	0.03	-0.55
Net Income to Common Margin (%)	55.36	5.4	0.88	-0.37	-4.06	-4.76	-5.06	2.34	-4.4	-1.18	0.94	7.98	8.5	0.03	-0.55
Effective Tax Rate (%)	19.1	- -	24.92	- -	- -	- -	- -	39.74	- -	- -	28.29	- -	10.78	61.15	- -
Dvd Payout Ratio (%)	98.18	41.49	740.87	-968.41	-58.97	-45.51	-43.75	131.04	-41.98	-168.72	188.64	17.81	14.87	5,534.43	-298.08
Sustainable Growth Rate (%)	2.81	4.87	-7.71	-5.47	-9.38	-11.6	-13.29	-1.69	-15.87	-8.53	-2.68	24.02	24.3	-3.85	-5.53

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	2	3	2	3	2
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	1	2	1	2	1
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.98	0.38	0.16	0.09	0.58	0.34
Net Debt/EBITDA	-35.46	-6.02	-95.69	74.03	11.68	13.69	17.12	-9.53	-15.27	-17.63	-6.85	-1.83	-0.87	-5.14	-5.42
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2.07	0.84	0.19	0.1	6.6	0.87
Net Debt/EBIT	-59.82	-7.1	-11,333.56	41.4	9.21	8.89	9.27	-18.03	99.81	18.46	-14.94	-2.22	-1	-58.05	-13.67
EBITDA to Interest Expense	34.2	7,290	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	34.2	7,290	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	20.27	6,178	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	31.78	45.35	47.19	48.47	48.56	47.54	44.44	42.54	39.44	36.77	34.42	38.21	44.31	43.88	40.88
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.64	1.12	1.41	0.9	1.01	0.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.3	2.41	2.67	1.58	1.82	1.34
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.29	0.87	1.06	0.72	0.83	0.56
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.89	1.99	2.23	1.54	1.75	1.45
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.82	4.3	4.22	2.72	3.16	2.76
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.27	1.55	1.68	1.24	1.43	1.16
Net Debt to Equity	-77	-21.92	-55.07	-58.77	-47.58	-42.67	-41.81	-44.73	-33.95	-25.73	-35.63	-26.13	-15.68	-15.36	-22.92
Net Debt/Capital (%)	240.29	-71.9	-18,478.62	2,511.66	-487.48	-310.34	-377.71	-587.67	-229.16	-107.85	-331.47	-97.93	-38.3	-38.55	-77.31
EBITDA	5	7	1	-1	-6	-4	-3	6	3	2	6	19	29	5	7
EBITDA-CapEx	5	7	1	-1	-6	-4	-3	6	3	2	6	19	29	5	7
Operating Income (Loss)	3	6	- -	-2	-8	-7	-6	3	- -	-2	3	16	25	- -	3

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	2.88	6.98	5.86	6.24	3.79	2.61	2.55	2.02	1.77	1.59	1.34	0.98	0.68	0.76	0.98
Current Ratio	3.72	10	8.43	8.91	6.22	5.66	5.29	4.6	4.63	4.34	4.17	3.72	4.59	5.05	4.51
Quick Ratio	3.17	8.21	6.88	7.22	4.63	3.65	3.4	2.78	2.63	2.29	2.12	1.71	1.5	1.53	1.63
CFO/Avg Current Liab	0.02	-0.99	0.38	0.2	-0.41	-0.54	0.07	0.11	-0.09	0.07	0.03	0.05	-0.21	0.19	0.31
Common Equity/Total Assets	31.78	45.35	47.19	48.47	48.56	47.54	44.44	42.54	39.44	36.77	34.42	38.21	44.31	43.88	40.88
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.64	1.12	1.41	0.9	1.01	0.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.3	2.41	2.67	1.58	1.82	1.34
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.29	0.87	1.06	0.72	0.83	0.56
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.89	1.99	2.23	1.54	1.75	1.45
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.82	4.3	4.22	2.72	3.16	2.76
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.27	1.55	1.68	1.24	1.43	1.16
CFO/Total Liabilities	2.32	-156.11	26.89	16.07	-34.51	-51.35	7.2	9.48	-8.76	6	2.36	4.35	-21.17	18.91	26.93
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.39	6.18	5.73	5.34	4.69	3.85	4.15	4.98	3.83	3.35	4.41	5.42	6.78	5.24	2.47

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	7.54	7.5	7.43	7.53	7	6.22	5.99	7.47	7.06	7.01	7.81	8.17	8.76	7.16	8.53
Days Sales Outstanding	48.4	48.68	49.15	48.45	52.11	58.7	60.95	48.84	51.68	52.09	46.72	44.67	41.65	51.01	42.77
Inventory Turnover	3.91	3.39	2.9	2.86	2.64	2.31	2.11	2.31	2.21	1.92	1.95	2.13	1.88	1.24	1.35
Days Inventory Outstanding	93.31	107.68	125.89	127.72	138.35	158.11	173.04	157.76	165.09	190.23	186.96	171.73	194.56	294.89	269.68
Accounts Payable Turnover	6.51	7.55	7.36	7.28	7.17	6.77	5.86	6.53	6.43	6.44	7.23	8.29	8.8	6.99	7.43
Accounts Payable Turnover Days	56.06	48.33	49.62	50.11	50.93	53.9	62.3	55.86	56.8	56.68	50.5	44.03	41.5	52.23	49.1
Cash Conversion Cycle	85.66	108.03	125.43	126.05	139.53	162.91	171.7	150.73	159.96	185.63	183.17	172.37	194.71	293.67	263.35
Inventory to Cash Days	-44.91	-59	-76.73	-79.27	-86.24	-99.4	-112.1	-108.92	-113.41	-138.14	-140.25	-127.07	-152.91	-243.88	-226.91
Inventories	31	35	34	34	39	45	43	51	53	57	64	80	110	110	103
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	31	35	34	34	39	45	43	51	53	57	64	80	110	110	103

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	246	196	182	144	120	68	78	126	66	55	113	188	232	160	- -
- Cash & Cash Equivalents	171	44	102	103	75	60	55	60	42	31	43	35	25	24	36
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	2	3	2	3	2
Enterprise Value	23	47	41	10	22	5	16	65	16	12	72	151	210	138	-34
Total Capital	100	105	103	99	90	80	70	71	60	59	56	72	90	87	82
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.82	4.3	4.22	2.72	3.16	2.76
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.29	0.03	0.02	0.01	0.02	-0.07
EV/Sales	0.14	0.3	0.29	0.07	0.16	0.04	0.12	0.4	0.1	0.08	0.41	0.67	0.8	0.7	- -
EV/EBITDA	4.72	6.45	38.72	- -	- -	- -	- -	10.27	5.88	6.93	11.38	7.77	7.32	29.23	- -
EV/EBIT	7.96	7.62	4,585.94	- -	- -	- -	- -	19.45	- -	- -	24.82	9.44	8.39	330.44	- -
EV/Cash Flow to Firm	10.12	- -	4.79	2.11	- -	- -	8.75	22.09	- -	6.24	86.52	78.9	- -	21.17	- -
EV/Free Cash Flow to Firm	10.12	- -	4.79	2.11	- -	- -	8.75	22.09	- -	6.24	86.52	78.9	- -	21.17	- -
Diluted Market Cap	249	198	184	144	120	68	78	126	66	55	113	194	242	162	- -
Diluted Enterprise Value	78	154	82	41	45	7	22	66	24	28	72	162	220	141	-34
EV per Share	1.27	2.77	2.71	0.69	1.56	0.39	1.23	5.05	1.24	0.92	5.45	11.19	14.98	9.68	- -
TTM Sales	159	158	141	138	137	142	137	163	167	156	177	225	263	196	209
TTM EBITDA	5	7	1	-1	-6	-4	-3	6	3	2	6	19	29	5	7
TTM Operating Income	3	6	- -	-2	-8	-7	-6	3	- -	-2	3	16	25	- -	3
TTM Cash Flow to Firm	2	-49	9	5	-10	-14	2	3	-3	2	1	2	-8	7	11
TTM Free Cash Flow to Firm	2	-49	9	5	-10	-14	2	3	-3	2	1	2	-8	7	11

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	116.86	-4.06	21.32	31.26	-12.25	-5	42.89	42.76	-25.82	28.66	136.28	101.65	-29.53	24.9	- -
EV/EBIT	7.96	7.62	4,585.94	- -	- -	- -	- -	19.45	- -	- -	24.82	9.44	8.39	330.44	- -
Enterprise Value	23	47	41	10	22	5	16	65	16	12	72	151	210	138	-34
Low Price	8	11.15	10.61	9.9	8.52	4.71	5.1	5.31	5.06	3.1	3.78	7.2	13.39	8.08	7.57
EV/Sales	0.14	0.3	0.29	0.07	0.16	0.04	0.12	0.4	0.1	0.08	0.41	0.67	0.8	0.7	- -
EV/EBITDA	4.72	6.45	38.72	- -	- -	- -	- -	10.27	5.88	6.93	11.38	7.77	7.32	29.23	- -
Price/Earnings	2.8	22.98	146.03	- -	- -	- -	- -	32.88	- -	- -	68.2	10.5	10.4	2,616.81	- -
Price/Earnings Average	2.3	25.63	144.77	-308.79	-24.09	-11.42	-11.27	23.69	-13.92	-36.83	42.94	8.15	12.02	2,761.59	- -
Price/Earnings High	2.86	30.64	156.53	-337.48	-26.9	-16.8	-13.42	32.91	-18.49	-45.12	69.8	11.85	17.07	4,578.83	- -
Price/Earnings Low	1.63	22.19	129.55	-272.3	-21.2	-9.08	-9.46	17.93	-9	-22.13	30.15	5.41	8.39	1,889.53	- -
Price/Book Value	2.46	1.87	1.78	1.46	1.33	0.85	1.11	1.78	1.1	0.99	2.09	2.74	2.65	1.89	- -
Price/Book Value Average	2.02	2.08	1.76	1.61	1.49	0.97	1.12	1.28	1.69	1.22	1.32	2.13	3.06	1.99	- -
Price/Book Value High	2.52	2.49	1.9	1.76	1.66	1.42	1.33	1.78	2.25	1.5	2.14	3.09	4.34	3.31	- -
Price/Book Value Low	1.44	1.8	1.58	1.42	1.31	0.77	0.94	0.97	1.09	0.73	0.92	1.41	2.14	1.36	- -
Price/Tangible Book Value	1.11	0.99	1	0.83	0.77	0.52	0.63	1	0.55	0.47	0.95	1.41	1.47	1.02	- -
Price/Tangible Book Value Average	0.91	1.1	0.99	0.91	0.86	0.59	0.64	0.72	0.84	0.58	0.6	1.09	1.7	1.08	- -
Price/Tangible Book Value High	1.13	1.32	1.07	1	0.96	0.86	0.76	1	1.12	0.71	0.97	1.59	2.42	1.79	- -
Price/Tangible Book Value Low	0.65	0.95	0.88	0.81	0.76	0.47	0.53	0.54	0.54	0.35	0.42	0.72	1.19	0.74	- -
Price/Sales	1.55	1.24	1.29	1.05	0.87	0.48	0.57	0.77	0.4	0.35	0.64	0.84	0.88	0.81	- -
Price/Sales Average	1.27	1.38	1.28	1.15	0.98	0.54	0.57	0.55	0.61	0.43	0.4	0.65	1.02	0.86	- -
Price/Sales High	1.59	1.66	1.38	1.26	1.09	0.8	0.68	0.77	0.81	0.53	0.65	0.95	1.45	1.42	- -
Price/Sales Low	0.9	1.2	1.15	1.02	0.86	0.43	0.48	0.42	0.4	0.26	0.28	0.43	0.71	0.59	- -
Price/Cash Flow	115.2	-4.02	21.13	31.26	-12.25	-5	42.89	42.57	-25.82	28.66	135.67	98.51	-28.32	24.47	- -
Price/Cash Flow Average	94.65	-4.49	20.95	34.47	-13.69	-5.69	43.15	30.67	-39.79	35.2	85.41	76.45	-32.74	25.82	- -
Price/Cash Flow High	118.06	-5.36	22.65	37.68	-15.29	-8.37	51.41	42.61	-52.87	43.13	138.84	111.13	-46.5	42.81	- -
Price/Cash Flow Low	67.27	-3.88	18.74	30.4	-12.05	-4.52	36.21	23.21	-25.72	21.16	59.98	50.77	-22.86	17.67	- -
Price/Free Cash Flow Average	96.01	-4.53	21.13	34.47	-13.69	-5.69	43.15	30.81	-39.79	35.2	85.79	78.89	-34.14	26.27	- -
Price/Free Cash Flow High	119.76	-5.41	22.85	37.68	-15.29	-8.37	51.41	42.81	-52.87	43.13	139.46	114.67	-48.49	43.56	- -
Price/Free Cash Flow Low	68.24	-3.92	18.91	30.4	-12.05	-4.52	36.21	23.31	-25.72	21.16	60.25	52.39	-23.83	17.98	- -
EV/Sales Average	0.2	1.11	0.56	0.41	0.43	0.12	0.17	0.18	0.36	0.26	0.17	0.51	0.94	0.75	- -
EV/Sales High	0.51	1.38	0.66	0.52	0.55	0.37	0.28	0.4	0.56	0.36	0.42	0.8	1.37	1.31	- -
EV/Sales Low	- -	0.92	0.42	0.27	0.32	0.01	0.07	0.05	0.14	0.09	0.05	0.29	0.63	0.48	- -
EV/EBITDA Average	6.43	23.96	73.8	-40.54	-9.3	-3.8	-7.04	4.74	21.79	23.43	4.77	5.86	8.58	31.1	-5.07
EV/EBITDA High	16.79	29.82	87.57	-51.19	-11.75	-12.05	-11.66	10.29	33.97	32.23	11.8	9.27	12.52	54.56	-5.07
EV/EBITDA Low	-5.69	19.93	55.98	-27	-6.79	-0.23	-3.15	1.27	8.69	7.84	1.42	3.33	5.76	19.84	-5.07
EV/EBIT Average	10.85	28.27	8,741.66	-22.67	-7.34	-2.47	-3.81	8.97	-142.41	-24.54	10.4	7.11	9.84	351.57	-12.8
EV/EBIT High	28.33	35.19	10,372.13	-28.63	-9.27	-7.83	-6.31	19.48	-222.05	-33.75	25.73	11.26	14.36	616.76	-12.8
EV/EBIT Low	-9.59	23.52	6,630.35	-15.1	-5.35	-0.15	-1.71	2.4	-56.79	-8.21	3.11	4.04	6.6	224.3	-12.8
Last Price	13.7	11.55	11.96	10.18	8.66	5.2	6.04	9.74	5.08	4.2	8.55	13.97	16.59	11.19	8.95
High Price	14.04	15.4	12.82	12.27	10.81	8.71	7.24	9.75	10.4	6.32	8.75	15.76	27.24	19.58	15.51
Enterprise Value Average	31	175	79	56	59	17	23	30	60	41	30	114	246	147	-34
Enterprise Value High	81	217	93	71	75	53	38	65	93	56	75	180	359	258	-34
Enterprise Value Low	-27	145	60	37	43	1	10	8	24	14	9	65	165	94	-34

	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	18	16	15	14	14	13	13	13	13	13	13	14	14	14	14
Diluted Weighted Avg Shares	18	17	15	14	14	13	13	13	13	13	13	14	15	15	- -
Basic Weighted Avg Shares	18	17	15	14	14	13	13	13	13	13	13	13	14	14	- -
Revenue per Share	8.85	9.3	9.26	9.74	9.9	10.88	10.66	12.65	12.79	11.88	13.4	16.67	18.77	13.77	- -
EBITDA per Share	0.27	0.43	0.07	-0.1	-0.46	-0.34	-0.25	0.49	0.21	0.13	0.48	1.44	2.05	0.33	- -
Operating Income per Share	0.16	0.36	- -	-0.18	-0.58	-0.52	-0.46	0.26	-0.03	-0.13	0.22	1.19	1.78	0.03	- -
Basic EPS, GAAP	4.9	0.5	0.08	-0.04	-0.4	-0.52	-0.54	0.3	-0.56	-0.14	0.13	1.33	1.6	- -	- -
Basic EPS from Cont Ops	0.11	0.47	0.03	-0.02	-0.4	-0.52	-0.54	0.18	-0.56	-0.14	0.13	1.33	1.6	- -	- -
Diluted EPS, GAAP	4.83	0.5	0.08	-0.04	-0.4	-0.52	-0.54	0.29	-0.56	-0.14	0.12	1.29	1.53	- -	- -
Diluted EPS from Cont Ops	0.11	0.47	0.03	-0.02	-0.4	-0.52	-0.54	0.18	-0.56	-0.14	0.12	1.29	1.53	- -	- -
Dividend per Share	0.11	0.2	0.23	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	- -
Cash Flow per Share	0.12	-2.87	0.57	0.33	-0.71	-1.04	0.14	0.23	-0.2	0.15	0.06	0.14	-0.59	0.46	- -
Free Cash Flow per Basic Share	0.12	-2.87	0.57	0.33	-0.71	-1.04	0.14	0.23	-0.2	0.15	0.06	0.14	-0.59	0.46	- -
Cash & Equivalents per Share	12.43	8.78	9.25	9.49	7.1	4.81	4.81	4.69	3.84	3.55	3.28	3.01	1.78	1.7	- -
Book Value per Share	5.56	6.19	6.73	6.97	6.49	6.13	5.45	5.48	4.63	4.22	4.09	5.1	6.27	5.92	- -
Tangible Book Value per Share	12.37	11.71	12	12.28	11.27	10.08	9.54	9.75	9.29	8.85	9.04	9.93	11.25	10.96	- -

Richardson Electronics, Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)