SMG Industries Inc. Financial Ratios — SMGI Stock

Profitability	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	2022 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-13.35	-1.08	-31.25	-14.36	4.25	42.85	-15.82	23.01	-104.49	-52.19	-80.02	-93.74	-39.34	-45.17
Return on Capital (%)	- -	- -	- -	- -	- -	-8.99	-59.03	- -	-8.5	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	3.71	44.9	- -	49.62	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	21.93	27.61	- -	41.39	41.36	37.38	-90.17	-10.54	-1.15	8.08
EBITDA Margin (%)	- -	- -	- -	- -	- -	8.96	22.63	- -	23.54	-3.91	-15.3	-318.56	-10.84	-6.03	3.44
Operating Margin (%)	- -	- -	- -	- -	- -	8.95	22.63	- -	18.71	-6.83	-17.68	-425.95	-30.3	-17.23	-4.71
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	50.49	33.85	24.85	47.92	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	10.59	23	- -	11.1	-29.65	-25.85	-680.12	-52.9	-22.04	-16.55
Profit Margin (%)	- -	- -	- -	- -	- -	10.33	22.57	- -	11.1	-29.65	-25.85	-783.31	-59.51	-21.38	-16.35
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	10.33	22.57	- -	11.1	-29.65	-25.85	-789.35	-60.46	-21.52	-16.35
Effective Tax Rate (%)	- -	- -	- -	- -	- -	2.48	1.86	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	33.08	- -	1,312.71	- -	-662.4	134.82	-26.33	- -	0.88	1.77	0.65	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit	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	2022 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2	2	29	36	42
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	11	17	28
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	18	20	14
Total Debt/EBITDA	- -	-0.83	-6.97	- -	- -	- -	- -	- -	1.38	-9.1	-3.53	-1.14	-10.12	-11.55	17.05
Net Debt/EBITDA	3.63	10.4	11.28	0.74	1.56	-2.46	-1.01	2.05	1.32	-8.21	-3.39	-1.09	-9.53	-10.4	16.61
Total Debt/EBIT	- -	-0.83	-6.97	- -	- -	- -	- -	- -	1.73	-5.2	-3.05	-0.85	-3.62	-4.04	-12.46
Net Debt/EBIT	3.63	10.4	11.28	0.74	1.56	-2.46	-1.01	2.05	1.66	-4.7	-2.93	-0.81	-3.41	-3.64	-12.14
EBITDA to Interest Expense	- -	-19.92	-2.36	-904.59	- -	- -	- -	- -	7.18	-0.62	-2.18	-2.83	-0.76	-0.41	0.26
EBITDA-CapEx/Interest Expense	- -	-19.92	-2.36	-904.78	- -	- -	- -	- -	7.06	-0.87	-2.56	-2.88	-0.87	-0.43	0.23
EBIT to Interest Expense	- -	-19.92	-2.36	-904.61	- -	- -	- -	- -	5.7	-1.08	-2.52	-3.78	-2.13	-1.18	-0.35
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	4	8	9
Common Equity/Total Assets	-6.14	-7.39	-7.7	-29.82	-39.56	-60.03	-117.88	-612.49	36.48	-61.4	-47.23	-88.28	-79.47	-112.91	-201.08
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	32.6	73.45	168.7	-26.22	246.29	596.75	-458.95
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	43.06	30.2	34.52	15.65	66.88	67.41	61.25
Total Debt/Equity (%)	- -	5.92	5.34	- -	- -	- -	- -	- -	-145.41	-150.65	-2,437.09	-199.64	-270.33	-224.73	-157.01
Total Debt/Capital (%)	- -	-301.15	-186.65	- -	- -	- -	- -	- -	72.38	249.3	330.81	-47.93	392.67	1,099.5	-1,406.83
Total Debt/Total Assets (%)	- -	5.54	5.01	- -	- -	- -	- -	- -	95.59	102.52	67.69	28.6	106.63	124.21	187.74
Net Debt to Equity	890.08	-74.62	-8.64	-14.11	-21.48	-13.01	-103.53	-103.24	-139.13	-135.95	-2,339.19	-191.34	-254.74	-202.32	-153.03
Net Debt/Capital (%)	78.56	90.44	51.31	31.94	35.01	16.69	45.77	13.51	71.49	297.29	318.23	-45.59	383.63	1,073.67	-1,314.64
EBITDA	- -	- -	- -	-5	-4	1	5	- -	- -	- -	-1	-2	-3	-3	2
EBITDA-CapEx	- -	- -	- -	-5	-4	1	5	- -	- -	- -	-1	-2	-3	-3	2
Operating Income (Loss)	- -	- -	- -	-5	-4	1	5	- -	- -	- -	-1	-2	-8	-9	-3

Liquidity	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	2022 Y
Cash Ratio	55.49	11.9	2.16	18.07	27.1	1.58	25.35	13.12	0.03	0.11	0.02	0.01	0.01	0.01	- -
Current Ratio	55.49	11.91	2.17	18.19	27.23	13.15	25.48	13.71	0.48	0.62	0.41	0.3	0.41	0.59	0.45
Quick Ratio	55.49	11.9	2.16	18.07	27.1	1.58	25.35	13.12	0.46	0.48	0.31	0.01	0.27	0.47	0.35
CFO/Avg Current Liab	- -	-8.12	-11.07	-82.68	-22.85	12.26	25	-4.49	0.59	-0.45	-0.21	-0.08	-0.32	-0.37	-0.02
Common Equity/Total Assets	-6.14	-7.39	-7.7	-29.82	-39.56	-60.03	-117.88	-612.49	36.48	-61.4	-47.23	-88.28	-79.47	-112.91	-201.08
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	32.6	73.45	168.7	-26.22	246.29	596.75	-458.95
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	43.06	30.2	34.52	15.65	66.88	67.41	61.25
Total Debt/Equity (%)	- -	5.92	5.34	- -	- -	- -	- -	- -	-145.41	-150.65	-2,437.09	-199.64	-270.33	-224.73	-157.01
Total Debt/Capital (%)	- -	-301.15	-186.65	- -	- -	- -	- -	- -	72.38	249.3	330.81	-47.93	392.67	1,099.5	-1,406.83
Total Debt/Total Assets (%)	- -	5.54	5.01	- -	- -	- -	- -	- -	95.59	102.52	67.69	28.6	106.63	124.21	187.74
CFO/Total Liabilities	-0.8	-407.25	-1,075.79	-10,919.46	-2,127.74	718.24	9,986.69	-804.97	24.37	-28.98	-10.61	-4.27	-10.39	-18.02	-1.49
CFO/CapEx	- -	- -	- -	-21,115.55	- -	- -	- -	- -	35.43	-10.89	-3.3	-11.18	-9.83	-84.27	-2.41
Altman's Z-Score	-0.03	0.5	-0.05	-0.88	-0.76	0.98	7.14	-9.01	4.51	0.74	0.07	-2.82	-1.57	-1.16	-1.1

Working Capital	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	2022 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	11.22	6.78	7.72	1.45	10.84	6.27	5.95
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	32.54	53.83	47.26	252.57	33.68	58.22	61.39
Inventory Turnover	- -	- -	- -	- -	- -	1.04	2.13	- -	171.68	18.9	19.59	7.15	453.64	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	352.13	171.22	- -	2.13	19.31	18.63	51.06	0.8	- -	- -
Accounts Payable Turnover	- -	- -	- -	66.92	29.17	308.39	26.37	- -	7.99	4.2	3.68	1.2	15.8	14.71	17.11
Accounts Payable Turnover Days	- -	- -	- -	5.45	12.51	1.18	13.84	- -	45.7	86.83	99.16	303.84	23.11	24.81	21.34
Cash Conversion Cycle	- -	- -	- -	- -	- -	350.95	157.37	- -	-11.03	-13.69	-33.27	-0.21	11.38	33.41	40.05
Inventory to Cash Days	- -	- -	- -	- -	- -	-352.13	-171.22	- -	30.42	34.51	28.63	201.51	32.87	58.22	61.39
Inventories	- -	- -	- -	- -	- -	14	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	14	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	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	2022 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	3	2	6	4
- Cash & Cash Equivalents	- -	4	1	4	6	2	5	1	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2	2	29	36	42
Enterprise Value	- -	-3	- -	-4	-6	-2	-5	-1	- -	1	7	5	31	42	45
Total Capital	- -	- -	- -	-8	-11	-10	-6	-6	1	- -	1	-4	7	3	-3
Total Debt/Capital (%)	- -	-301.15	-186.65	- -	- -	- -	- -	- -	72.38	249.3	330.81	-47.93	392.67	1,099.5	-1,406.83
Total Debt / EV	- -	-0.08	-0.62	- -	- -	- -	- -	- -	1.05	1.17	0.33	0.36	0.95	0.86	0.92
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	0.31	0.3	1.63	10.08	1.15	0.81	0.64
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	1.32	- -	- -	- -	- -	- -	18.54
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	1.66	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	1.83	- -	- -	19.82	- -	- -	5.2
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	1.79	- -	170.89	17.88	132.3	- -	5.03
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	3	2	6	4
Diluted Enterprise Value	- -	-3	- -	-4	-6	-2	-5	-1	- -	1	7	5	31	42	45
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	0.35	0.22	0.7	0.37	1.72	1.81	1.24
TTM Sales	- -	- -	- -	- -	- -	10	21	- -	2	2	4	1	27	52	71
TTM EBITDA	- -	- -	- -	-5	-4	1	5	- -	- -	- -	-1	-2	-3	-3	2
TTM Operating Income	- -	- -	- -	-5	-4	1	5	- -	- -	- -	-1	-2	-8	-9	-3
TTM Cash Flow to Firm	- -	- -	- -	- -	-5	9	19	-1	- -	- -	- -	- -	- -	-1	9
TTM Free Cash Flow to Firm	- -	- -	- -	- -	-5	9	19	-1	- -	- -	- -	- -	- -	- -	9

Multiples		2008 Y	2009 Y	2010 Y	2011 Y	2012 Y

SMG Industries Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples