The Reserve Petroleum Company Financial Ratios — RSRV 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 (%)	19.68	15.53	18.83	18.66	-5.19	-0.25	2.04	6.74	-0.77	-6.04	4	12.23	-0.17	6.24	14.22
Return on Assets (%)	16.98	13.11	15.9	15.98	-4.58	-0.22	1.87	6.23	-0.72	-5.76	3.83	11.12	-0.15	5.58	12.58
Return on Capital (%)	19.82	15.62	18.91	18.75	- -	- -	- -	6.85	- -	- -	- -	12.11	- -	6.26	13.96
Return on Invested Capital (%)	16.95	14.38	18.3	18.76	- -	- -	- -	5.1	- -	- -	- -	15.42	- -	5.2	8.3
Gross Margin (%)	59.74	49.96	52.27	55.06	-14.69	22.74	31.48	46.02	21.51	-29.29	36.11	54.55	15.14	36.02	38.79
EBITDA Margin (%)	70.82	71.55	71.99	70.11	42.9	34.02	25.6	48.77	26.76	3.92	36.94	55.86	34.42	45.62	54.06
Operating Margin (%)	46.29	37.27	40.26	41.13	-41.02	-9.21	-8.21	23.5	-15.17	-77.31	7.03	38.53	-9.65	12.99	20.03
Incremental Operating Margin (%)	96.21	-16.57	52.52	48.1	- -	- -	- -	122.68	- -	- -	75.42	79.25	- -	128.62	97.85
Pretax Margin (%)	54.73	41	42.34	41.95	-39.73	-4.09	1.63	32.44	-7.39	-61.01	13.12	31.2	-1.95	15.54	35.14
Profit Margin (%)	40.72	30.09	32.26	31.95	-22.31	-1.34	10.87	27.78	-4.02	-47.92	13.73	24.74	-0.42	12.69	28.12
Net Income to Common Margin (%)	40.72	30.09	32.26	31.95	-22.31	-1.34	10.87	27.78	-4.02	-47.92	13.73	24.74	-0.42	12.69	28.12
Effective Tax Rate (%)	25.59	26.62	23.82	23.84	- -	- -	- -	14.36	- -	- -	- -	21.26	- -	20.09	20.64
Dvd Payout Ratio (%)	31.15	68.09	29.13	45.8	-86.35	-1,094.29	122.14	41.47	-812.01	-40.03	62.57	39.58	-1,264.57	79.54	31.46
Sustainable Growth Rate (%)	13.55	4.96	13.35	10.11	-9.68	-2.95	-0.45	3.94	-7.07	-8.46	1.5	7.39	-2.29	1.28	9.75

Credit (USD)

API Chat

	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.16	0.28	0.16	0.11
Net Debt/EBITDA	-1.11	-1	-0.79	-1.02	-3.84	-3.77	-2.95	-1.58	-1.54	-101.14	-3.01	-0.65	-0.85	-0.38	-0.11
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.23	-1.01	0.56	0.29
Net Debt/EBIT	-1.69	-1.92	-1.42	-1.75	4.02	13.93	9.2	-3.28	2.72	5.13	-15.8	-0.94	3.03	-1.33	-0.3
EBITDA to Interest Expense	182.95	313.3	388.96	329.45	75.45	45.03	34.26	85.1	38.43	1.87	- -	261.66	32.7	105.41	146.68
EBITDA-CapEx/Interest Expense	41.56	105.91	89.49	184.97	27.57	3.41	-22.78	26.68	-6.72	-16.01	- -	-29.38	-25.25	-43.04	-62.99
EBIT to Interest Expense	119.59	163.22	217.52	193.26	-72.15	-12.19	-10.99	41.01	-21.78	-36.78	- -	180.5	-9.17	30.02	54.34
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	85.3	83.58	85.16	86.12	90.52	91.19	92.52	92.49	94.48	96.47	94.73	87.59	88.78	90.12	86.94
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.02	3.77	3.3	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.66	3.43	2.96	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.36	3.18	2.78	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.44	4.23	3.78	2.97
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.05	3.85	3.39	2.7
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.71	3.58	3.19	2.43
Net Debt to Equity	-36.4	-37.15	-32.3	-41.38	-41.95	-25.02	-14.84	-19.14	-8.52	-55.09	-33.99	-18.1	-12.74	-9.02	-3.06
Net Debt/Capital (%)	-54.85	-56.62	-45.44	-66.58	-67.56	-31.5	-16.54	-22.41	-8.83	-109.18	-47.44	-20.78	-13.7	-9.15	-2.94
EBITDA	9	11	14	15	4	2	2	4	2	- -	3	9	5	7	9
EBITDA-CapEx	2	4	3	8	1	- -	-1	1	- -	-1	- -	-1	-4	-3	-4
Operating Income (Loss)	6	6	8	9	-3	-1	-1	2	-1	-3	1	6	-1	2	3

Liquidity (USD)

API Chat

	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	30.28	24.6	25.53	20.61	91.36	117.38	83.38	67.32	119.78	76.81	36.8	22.56	14.58	9	2.99
Current Ratio	35.07	27.7	29.49	22.81	95.86	124.32	88.5	70.46	125.71	81.71	40.07	26.55	18.46	13.22	4.49
Quick Ratio	35.07	27.7	29.48	22.73	95.86	124.32	88.5	70.46	125.71	81.71	40.07	26.55	18.46	13.22	4.49
CFO/Avg Current Liab	16.35	16.14	17.12	16.33	8.14	12.65	12.38	16.05	10.87	4.88	9.6	30.4	8.57	11.26	6.84
Common Equity/Total Assets	85.3	83.58	85.16	86.12	90.52	91.19	92.52	92.49	94.48	96.47	94.73	87.59	88.78	90.12	86.94
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.02	3.77	3.3	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.66	3.43	2.96	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.36	3.18	2.78	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.44	4.23	3.78	2.97
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.05	3.85	3.39	2.7
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.71	3.58	3.19	2.43
CFO/Total Liabilities	143.63	156.04	171.82	196.42	109.32	59.22	66.28	110.5	79.4	39.32	109.97	272.2	99.21	137.96	130.66
CFO/CapEx	1.15	1.46	1.18	2.24	2.36	1.4	1.03	1.74	1.37	0.71	1.29	1.72	0.69	0.77	0.74
Altman's Z-Score	7.97	6.95	8.59	7.56	6.15	6.12	7.15	6.68	7.6	6.8	7.21	6.2	4.79	4.78	2.13

Working Capital (USD)

API Chat

	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	8.32	8.99	9.22	6.06	8.93	7.91	9.94	7.3	4.63	8.45	8.79	5.71	6.22	6.05
Days Sales Outstanding	52.15	43.89	40.6	39.59	60.19	40.89	46.12	36.74	49.97	78.8	43.18	41.54	63.92	58.66	60.37
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	23.01	19.04	20.24	16.03	18.56	25.09	21.79	16.25	21.9	26.07	22.88	22.24	24.22	19.35	12.65
Accounts Payable Turnover Days	15.86	19.17	18.03	22.77	19.67	14.55	16.75	22.47	16.67	14	15.95	16.41	15.07	18.87	28.86
Cash Conversion Cycle	36.29	24.72	22.57	16.82	40.52	26.34	29.37	14.27	33.3	64.8	27.23	25.13	48.85	39.79	31.51
Inventory to Cash Days	52.15	43.89	40.6	39.59	60.19	40.89	46.12	36.74	49.97	78.8	43.18	41.54	63.92	58.66	60.37
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	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	49	47	68	57	35	31	35	31	33	22	28	37	27	25	- -
- Cash & Cash Equivalents	10	11	11	15	14	8	5	6	3	16	10	7	5	4	2
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
Enterprise Value	31	29	50	34	12	9	13	8	11	2	8	25	19	20	-5
Total Capital	29	30	34	38	35	34	34	35	34	31	31	36	34	34	37
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.05	3.85	3.39	2.7
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.06	0.07	0.06	-0.19
EV/Sales	2.43	1.91	2.66	1.63	1.41	1.44	2.06	0.95	1.62	0.52	0.91	1.56	1.4	1.24	- -
EV/EBITDA	3.43	2.67	3.69	2.32	3.28	4.24	8.06	1.95	6.05	13.17	2.46	2.8	4.06	2.72	- -
EV/EBIT	5.24	5.13	6.61	3.96	- -	- -	- -	4.04	- -	- -	12.9	4.05	- -	9.57	- -
EV/Cash Flow to Firm	3.82	2.76	4.07	2.35	2.18	3.25	4.22	1.62	3.72	1.83	2.19	1.46	3.31	2.49	- -
EV/Free Cash Flow to Firm	2.05	1.64	2.2	1.63	1.53	1.9	2.25	1.03	2.16	0.78	1.23	0.92	1.35	1.09	- -
Diluted Market Cap	49	47	68	57	35	31	35	31	33	22	28	37	27	25	- -
Diluted Enterprise Value	39	36	57	42	21	23	30	25	30	6	17	32	24	22	-1
EV per Share	195.22	179.88	312.53	216.68	75	57.42	82.48	50.2	68.43	13.46	52.85	161.72	119.83	129.15	- -
TTM Sales	13	15	19	21	8	6	6	8	7	4	9	16	13	16	17
TTM EBITDA	9	11	14	15	4	2	2	4	2	- -	3	9	5	7	9
TTM Operating Income	6	6	8	9	-3	-1	-1	2	-1	-3	1	6	-1	2	3
TTM Cash Flow to Firm	8	10	12	15	5	3	3	5	3	1	4	17	6	8	10
TTM Free Cash Flow to Firm	15	18	23	21	8	5	6	8	5	3	7	27	14	18	23

Multiples (USD)

API Chat

	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	3.18	2.66	3	2.69	4.51	6.53	6.36	4.07	6.58	8.53	4.1	1.37	1.98	1.37	- -
EV/EBIT	5.24	5.13	6.61	3.96	- -	- -	- -	4.04	- -	- -	12.9	4.05	- -	9.57	- -
Enterprise Value	31	29	50	34	12	9	13	8	11	2	8	25	19	20	-5
Low Price	240	280	287.5	351	218	150	196.51	183	188	123	140	176	150	142.96	150.28
EV/Sales	2.43	1.91	2.66	1.63	1.41	1.44	2.06	0.95	1.62	0.52	0.91	1.56	1.4	1.24	- -
EV/EBITDA	3.43	2.67	3.69	2.32	3.28	4.24	8.06	1.95	6.05	13.17	2.46	2.8	4.06	2.72	- -
Price/Earnings	9.22	10.28	11.21	8.39	- -	- -	50.63	13.41	- -	- -	22.01	9.37	- -	12.29	- -
Price/Earnings Average	10.74	11.05	8.83	9.92	-26.4	-356.65	51.57	13.85	-118.62	-12.16	20.78	8.84	-546.79	12.85	- -
Price/Earnings High	13.12	13.43	11.21	11.75	-33.64	-422.37	63.26	15.65	-129.29	-17.21	25.35	10.54	-672.43	14.41	- -
Price/Earnings Low	7.32	9.9	7.59	8.25	-18.33	-281.58	45.22	12.45	-110.48	-9.85	17.51	6.87	-420.27	10.84	- -
Price/Book Value	1.7	1.56	1.97	1.49	1.01	0.92	1.03	0.88	0.96	0.72	0.87	1.1	0.84	0.76	- -
Price/Book Value Average	1.98	1.68	1.56	1.76	1.44	0.89	1.05	0.91	0.94	0.77	0.83	1.04	0.94	0.8	- -
Price/Book Value High	2.42	2.04	1.97	2.09	1.83	1.06	1.29	1.03	1.02	1.09	1.01	1.24	1.16	0.89	- -
Price/Book Value Low	1.35	1.5	1.34	1.47	1	0.7	0.92	0.82	0.87	0.62	0.7	0.81	0.72	0.67	- -
Price/Tangible Book Value	1.74	1.6	2.04	1.54	1.05	0.96	1.08	0.92	1.01	0.76	0.92	1.16	0.89	0.81	- -
Price/Tangible Book Value Average	2.03	1.72	1.61	1.83	1.5	0.93	1.1	0.95	0.98	0.81	0.87	1.09	0.99	0.85	- -
Price/Tangible Book Value High	2.48	2.1	2.04	2.16	1.91	1.1	1.35	1.08	1.07	1.15	1.06	1.3	1.22	0.95	- -
Price/Tangible Book Value Low	1.39	1.54	1.38	1.52	1.04	0.74	0.97	0.86	0.92	0.66	0.74	0.85	0.76	0.72	- -
Price/Sales	3.75	3.09	3.62	2.68	4.13	4.94	5.5	3.73	4.91	5.47	3.02	2.32	2.04	1.56	- -
Price/Sales Average	4.38	3.33	2.85	3.17	5.89	4.77	5.6	3.85	4.77	5.83	2.85	2.19	2.27	1.63	- -
Price/Sales High	5.34	4.04	3.62	3.75	7.5	5.65	6.87	4.35	5.2	8.25	3.48	2.61	2.8	1.83	- -
Price/Sales Low	2.98	2.98	2.45	2.64	4.09	3.77	4.91	3.46	4.45	4.72	2.4	1.7	1.75	1.38	- -
Price/Cash Flow	5.94	4.48	5.55	3.89	6.43	11.19	12.53	6.4	11.39	20.57	7.29	2.17	4.88	3.15	- -
Price/Cash Flow Average	6.92	4.81	4.37	4.6	9.17	10.82	12.76	6.61	11.08	21.9	6.89	2.05	5.44	3.29	- -
Price/Cash Flow High	8.45	5.85	5.55	5.45	11.69	12.81	15.65	7.47	12.08	31	8.4	2.44	6.69	3.69	- -
Price/Cash Flow Low	4.72	4.31	3.75	3.82	6.37	8.54	11.19	5.95	10.32	17.73	5.8	1.59	4.18	2.78	- -
Price/Free Cash Flow Average	3.71	2.86	2.36	3.18	6.44	6.32	6.48	4.2	6.41	9.08	3.88	1.29	2.21	1.43	- -
Price/Free Cash Flow High	4.53	3.47	3	3.77	8.21	7.48	7.94	4.74	6.98	12.85	4.73	1.54	2.72	1.61	- -
Price/Free Cash Flow Low	2.53	2.56	2.03	2.64	4.47	4.99	5.68	3.77	5.97	7.35	3.26	1.01	1.7	1.21	- -
EV/Sales Average	3.59	2.61	2.28	2.45	4.24	3.49	4.85	3.08	4.36	1.86	1.74	1.83	2	1.47	- -
EV/Sales High	4.56	3.32	3.04	3.04	5.86	4.37	6.12	3.58	4.79	4.28	2.37	2.25	2.52	1.67	- -
EV/Sales Low	2.2	2.26	1.87	1.92	2.44	2.49	4.16	2.69	4.03	0.75	1.29	1.35	1.47	1.22	- -
EV/EBITDA Average	5.07	3.65	3.16	3.5	9.88	10.26	18.94	6.31	16.29	47.48	4.71	3.28	5.8	3.22	-0.09
EV/EBITDA High	6.44	4.65	4.23	4.33	13.65	12.85	23.91	7.33	17.9	109.22	6.41	4.03	7.32	3.66	-0.09
EV/EBITDA Low	3.11	3.16	2.6	2.73	5.69	7.31	16.25	5.51	15.07	19.21	3.5	2.41	4.27	2.66	-0.09
EV/EBIT Average	7.76	7	5.66	5.96	-10.34	-37.91	-59.02	13.09	-28.75	-2.41	24.78	4.76	-20.69	11.32	-0.23
EV/EBIT High	9.85	8.92	7.56	7.38	-14.28	-47.46	-74.49	15.22	-31.58	-5.54	33.69	5.85	-26.11	12.84	-0.23
EV/EBIT Low	4.75	6.07	4.66	4.66	-5.95	-27	-50.62	11.44	-26.59	-0.97	18.38	3.49	-15.24	9.36	-0.23
Last Price	302	291.01	425	357	220	196.5	220	197.11	207.5	142.7	176	240	175	162.03	178.63
High Price	430	380	425	500	400	225	274.9	230	220	215	202.7	269.98	240	190	187.11
Enterprise Value Average	47	39	43	52	36	22	31	26	29	8	16	30	27	24	-1
Enterprise Value High	59	50	57	64	49	28	39	30	32	17	22	36	34	27	-1
Enterprise Value Low	29	34	35	41	21	16	26	22	27	3	12	22	20	19	-1

	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	80.46	94.04	117.51	133.18	53.3	39.79	39.99	52.89	42.28	26.07	58.26	103.55	85.79	103.92	- -
EBITDA per Share	56.98	67.28	84.59	93.37	22.86	13.54	10.24	25.79	11.32	1.02	21.52	57.85	29.53	47.41	- -
Operating Income per Share	37.25	35.05	47.31	54.77	-21.86	-3.67	-3.28	12.43	-6.41	-20.15	4.1	39.9	-8.28	13.5	- -
Basic EPS, GAAP	32.77	28.3	37.9	42.55	-11.89	-0.53	4.35	14.69	-1.7	-12.49	8	25.62	-0.36	13.18	- -
Basic EPS from Cont Ops	32.77	28.3	37.9	42.55	-11.89	-0.53	4.35	14.69	-1.7	-12.49	8	25.44	-0.57	12.91	- -
Diluted EPS, GAAP	32.77	28.3	37.9	42.55	-11.89	-0.53	4.35	14.69	-1.7	-12.49	8	25.62	-0.36	13.18	- -
Diluted EPS from Cont Ops	32.77	28.3	37.9	42.55	-11.89	-0.53	4.35	14.69	-1.7	-12.49	8	25.44	-0.57	12.91	- -
Dividend per Share	10.21	19.27	11.04	19.49	10.27	5.83	5.31	6.09	13.82	5	5	10	10.01	10.05	- -
Cash Flow per Share	50.86	64.96	76.57	91.8	34.22	17.56	17.56	30.78	18.22	6.94	24.14	110.54	35.87	51.45	- -
Free Cash Flow per Basic Share	6.82	20.42	11.44	50.85	19.71	5.05	0.52	13.07	4.92	-2.86	5.4	46.2	-16.47	-15.32	- -
Cash & Equivalents per Share	106.78	111.13	112.47	140.32	145	139.08	137.52	146.91	139.07	129.24	123.15	88.44	64.8	41.74	- -
Book Value per Share	177.86	186.36	215.22	239.32	218.01	213.1	212.88	223.02	215.3	198.05	201.18	217.21	207.19	213	- -
Tangible Book Value per Share	173.09	181.34	208.17	231.16	209.54	204.05	203.58	213.28	204.93	187.65	190.43	207.38	197.22	199.05	- -

The Reserve Petroleum Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)