Emeren Group, Ltd. Financial Ratios — SOL Stock

Profitability (USD)

	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	2023 Y	2024 Y
Return on Common Equity (%)	- -	0.1	-59.81	-142.63	-53.46	-11.37	-139.12	75.81	2.08	-10.17	2.49	2.5	-1.19	-0.87	-3.47
Return on Assets (%)	11.74	0.02	-12.1	-12.33	-1.77	-0.34	-2.85	4.84	0.49	-2.53	0.85	1.58	-0.91	-0.66	-2.7
Return on Capital (%)	32.36	- -	- -	- -	- -	- -	-4.82	9.26	- -	- -	3.36	2.89	- -	- -	- -
Return on Invested Capital (%)	17.24	- -	- -	- -	- -	- -	0.13	1.34	- -	- -	2.73	2.89	- -	- -	- -
Gross Margin (%)	28.86	9.75	-3.94	7.44	13.4	19.8	8.98	13.72	28.97	28.73	22.7	39.45	25.02	23.68	26.2
EBITDA Margin (%)	25.07	9.57	-7.14	6.2	6.3	17.08	5.9	10.71	24.7	11.51	21.16	24.86	6.83	0.81	6.96
Operating Margin (%)	20.4	1.17	-16.78	-1.23	0.53	14.03	2.92	6.37	16.03	4.97	11.17	16.33	-4.3	-6.6	-0.55
Incremental Operating Margin (%)	48.41	106.4	- -	- -	64.27	-0.56	38.99	18.72	-147.94	-43.29	-5.04	77.94	- -	- -	- -
Pretax Margin (%)	18.99	-0.46	-22.83	-17.22	-2.18	17.36	0.28	3.42	5.06	-8.88	3.16	9.28	-4.29	-2.75	-10.42
Profit Margin (%)	14.02	0.03	-25.02	-17.04	-2.15	-4.36	-43.1	33.46	1.82	-7.41	3.78	8.61	-7.62	-3.02	-13.55
Net Income to Common Margin (%)	14.02	0.03	-25.02	-17.04	-2.15	-4.36	-43.1	33.46	1.82	-7.41	3.78	8.61	-7.62	-3.02	-13.55
Effective Tax Rate (%)	26.2	- -	- -	- -	- -	- -	58.3	9.14	- -	- -	7.03	10.48	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	0.1	-59.81	-142.63	-53.46	-11.37	-139.12	75.81	2.08	-10.17	2.49	2.5	-1.19	-0.87	-3.47

Credit (USD)

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	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	2023 Y	2024 Y
Total Debt	522	827	902	854	793	734	624	107	164	121	116	58	71	61	63
ST Debt	401	571	734	673	655	695	595	7	44	48	50	12	12	6	7
LT Debt	122	256	168	181	138	39	29	100	119	73	65	46	58	55	57
Total Debt/EBITDA	1.73	8.77	-13.04	9.07	8.05	36.93	131.45	9.67	6.84	8.85	7.43	2.92	16.86	70.73	9.89
Net Debt/EBITDA	0.77	4.75	-11.69	8.15	7.04	35.02	130.61	2.33	3.31	1.26	0.03	-12.82	-19.98	-53.61	-3.95
Total Debt/EBIT	2.12	71.66	-5.54	-45.71	96.47	44.96	265.8	16.26	10.54	20.5	14.07	4.45	-26.79	-8.73	-125.77
Net Debt/EBIT	0.94	38.83	-4.97	-41.06	84.32	42.63	264.11	3.92	5.1	2.93	0.05	-19.52	31.74	6.61	50.23
EBITDA to Interest Expense	13	2.53	-1.37	1.81	2.01	9.94	2.58	2.8	2.75	1.5	2.51	3.84	1.32	0.39	3.22
EBITDA-CapEx/Interest Expense	6.79	-1.58	-4.06	-0.61	0.9	9.94	2.58	-17.6	-1.89	- -	1.18	1.59	-10.56	-4.48	-4.7
EBIT to Interest Expense	10.58	0.31	-3.21	-0.36	0.17	8.16	1.27	1.67	1.78	0.65	1.32	2.52	-0.83	-3.16	-0.25
Interest Expense	23	37	51	52	49	2	2	4	9	9	6	5	3	2	2
Common Equity/Total Assets	6.8	27.05	13.79	3.7	2.79	3.17	0.66	24.94	22.72	27.46	40.05	78.35	74.7	76.54	79.02
Long-Term Debt/Equity (%)	20.72	42.63	46.16	107.15	102.14	34.64	43.59	110.54	95.7	53.07	35.67	10.2	15.01	15.01	16.73
Long-Term Debt/Capital (%)	19.27	18.92	14.18	19.4	16.45	4.99	4.57	52.55	42.07	28.97	22.19	8.85	12.13	11.72	12.44
Long-Term Debt/Total Assets (%)	7.62	13.15	8.17	8.46	8.27	2.88	2.65	29.79	31.59	22.81	19.4	8.65	11.81	11.4	12.63
Total Debt/Equity (%)	89.06	137.6	247.48	505.4	586.53	655.48	943.78	117.84	131.37	88.18	63.07	12.9	18.15	16.74	18.75
Total Debt/Capital (%)	82.81	61.07	76.03	91.49	94.45	94.5	98.86	56.02	57.75	48.13	39.23	11.19	14.67	13.08	13.94
Total Debt/Total Assets (%)	32.77	42.44	43.81	39.92	47.5	54.5	57.36	31.76	43.36	37.91	34.3	10.93	14.29	12.72	14.16
Net Debt to Equity	39.49	74.55	221.88	454.06	512.65	621.5	937.78	28.39	63.49	12.6	0.23	-56.65	-21.51	-12.69	-7.49
Net Debt/Capital (%)	68.12	45.94	73.98	90.62	93.7	94.22	98.85	14.52	28.59	7.61	0.17	-96.63	-22.37	-11.68	-6.26
EBITDA	302	94	-69	94	98	20	5	11	24	14	16	20	4	1	6
EBITDA-CapEx	158	-59	-206	-32	44	20	5	-69	-16	- -	7	8	-33	-10	-9
Operating Income (Loss)	246	12	-163	-19	8	16	2	7	16	6	8	13	-3	-7	-1

Liquidity (USD)

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	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	2023 Y	2024 Y
Cash Ratio	0.38	0.38	0.06	0.05	0.07	0.03	- -	0.09	0.05	0.22	0.46	7.24	2.47	1.23	1.01
Current Ratio	0.9	0.84	0.61	0.7	0.64	0.58	0.56	1.17	1.01	0.94	1.55	9.38	5.1	3.97	3.87
Quick Ratio	0.54	0.57	0.25	0.21	0.19	0.21	0.01	0.36	0.41	0.42	1.12	8.75	4.11	2.88	2.44
CFO/Avg Current Liab	0.58	-0.02	-0.08	0.08	-0.08	- -	0.03	0.04	-0.37	0.46	-0.1	-0.1	-0.97	-0.47	-0.08
Common Equity/Total Assets	6.8	27.05	13.79	3.7	2.79	3.17	0.66	24.94	22.72	27.46	40.05	78.35	74.7	76.54	79.02
Long-Term Debt/Equity (%)	20.72	42.63	46.16	107.15	102.14	34.64	43.59	110.54	95.7	53.07	35.67	10.2	15.01	15.01	16.73
Long-Term Debt/Capital (%)	19.27	18.92	14.18	19.4	16.45	4.99	4.57	52.55	42.07	28.97	22.19	8.85	12.13	11.72	12.44
Long-Term Debt/Total Assets (%)	7.62	13.15	8.17	8.46	8.27	2.88	2.65	29.79	31.59	22.81	19.4	8.65	11.81	11.4	12.63
Total Debt/Equity (%)	89.06	137.6	247.48	505.4	586.53	655.48	943.78	117.84	131.37	88.18	63.07	12.9	18.15	16.74	18.75
Total Debt/Capital (%)	82.81	61.07	76.03	91.49	94.45	94.5	98.86	56.02	57.75	48.13	39.23	11.19	14.67	13.08	13.94
Total Debt/Total Assets (%)	32.77	42.44	43.81	39.92	47.5	54.5	57.36	31.76	43.36	37.91	34.3	10.93	14.29	12.72	14.16
CFO/Total Liabilities	40.02	-1.64	-5.59	6.02	-7.93	0.18	2.69	7.52	-20.19	30.65	-6.53	-7.55	-36.13	-20.42	-3.92
CFO/CapEx	2.79	-0.14	-0.69	0.94	-2.23	- -	- -	0.23	-1.26	4.08	-1.22	-0.53	-1.01	-2.19	-0.27
Altman's Z-Score	1.75	0.56	-0.17	0.23	0.3	-0.66	-0.92	-1.2	-1.1	-1.34	0.83	2.72	0.97	0.11	-0.26

Working Capital (USD)

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	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	2023 Y	2024 Y
Accounts Receivable Turnover	12.69	9.33	5.59	6.7	8.96	1.01	1.37	9.59	3.5	4.79	3.83	2.7	2.04	3.8	3.22
Days Sales Outstanding	28.76	39.12	65.24	54.45	40.74	360.13	266.68	38.08	104.25	76.15	95.24	135.39	179.23	96.16	113.41
Inventory Turnover	5.56	5.48	4.92	4.58	3.77	0.34	0.43	1.23	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	65.64	66.66	74.11	79.73	96.76	1,076.92	839.74	295.76	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	5.67	3.82	3.08	2.65	2.42	-0.19	0.16	-4.28	3.64	5.23	4.25	9.57	8.45	6.91	4.84
Accounts Payable Turnover Days	64.4	95.48	118.4	137.58	151.1	-1,960.75	2,275.31	-85.36	100.32	69.83	85.9	38.13	43.22	52.79	75.46
Cash Conversion Cycle	29.99	10.3	20.96	-3.4	-13.6	3,397.8	-1,168.89	419.2	3.94	6.32	9.34	97.26	136.01	43.37	37.95
Inventory to Cash Days	-36.88	-27.54	-8.87	-25.27	-56.02	-716.79	-573.06	-257.68	104.25	76.15	95.24	135.39	179.23	96.16	113.41
Inventories	171	154	255	360	357	193	144	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	81	61	44	88	91	44	21	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	70	42	43	35	40	27	28	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	20	51	168	236	226	122	95	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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	2023 Y	2024 Y
Market Capitalization	755	133	133	314	144	173	65	66	45	57	562	400	293	154	105
- Cash & Cash Equivalents	291	379	93	87	100	38	4	13	7	24	41	254	107	70	50
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	1	- -	- -	- -	- -	- -	34	43	44	44	41	38	38
+ Total Debt	522	827	902	854	793	734	624	107	164	121	116	58	71	61	63
Enterprise Value	984	581	942	1,082	836	869	685	159	236	197	681	248	298	183	156
Total Capital	631	1,355	1,186	934	839	776	631	190	284	252	295	517	481	465	455
Total Debt/Capital (%)	82.81	61.07	76.03	91.49	94.45	94.5	98.86	56.02	57.75	48.13	39.23	11.19	14.67	13.08	13.94
Total Debt / EV	0.53	1.42	0.96	0.79	0.95	0.84	0.91	0.67	0.69	0.61	0.17	0.23	0.24	0.33	0.41
EV/Sales	0.82	0.59	0.97	0.71	0.54	7.47	8.51	1.54	2.44	1.66	9.27	3.12	4.87	1.73	1.7
EV/EBITDA	3.25	6.16	- -	11.48	8.5	43.75	144.23	14.4	9.87	14.39	43.79	12.54	71.28	212.75	24.35
EV/EBIT	4	50.34	- -	- -	101.78	53.26	291.65	24.23	15.22	33.35	82.93	19.09	- -	- -	- -
EV/Cash Flow to Firm	2.34	- -	- -	6.36	- -	206.38	24.2	7.22	- -	2.99	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	1.74	4.53	9.69	3.65	- -	206.38	24.2	1.55	- -	2.47	170.99	24.52	58.76	- -	11.26
Diluted Market Cap	765	133	133	314	144	173	65	66	45	57	569	400	296	154	105
Diluted Enterprise Value	997	581	942	1,082	836	869	685	159	236	197	688	248	301	183	156
EV per Share	56.91	33.49	54.55	59.39	41.09	42.59	33.87	6.43	6.21	4.86	13.85	3.7	4.59	3.24	3.01
TTM Sales	1,206	985	969	1,520	1,561	116	81	103	97	119	74	80	61	106	92
TTM EBITDA	302	94	-69	94	98	20	5	11	24	14	16	20	4	1	6
TTM Operating Income	246	12	-163	-19	8	16	2	7	16	6	8	13	-3	-7	-1
TTM Cash Flow to Firm	420	-25	-39	170	-73	4	28	22	-42	66	-4	-1	-33	-19	-2
TTM Free Cash Flow to Firm	565	128	97	296	-19	4	28	102	-2	80	4	10	5	-9	14

Multiples (USD)

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	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	2023 Y	2024 Y
Price/Free Cash Flow	1.4	1.01	3.19	1.28	-2.14	78.51	2.35	0.67	-4.24	0.83	-318.52	72.55	-741.65	-12.11	9.19
EV/EBIT	4	50.34	- -	- -	101.78	53.26	291.65	24.23	15.22	33.35	82.93	19.09	- -	- -	- -
Enterprise Value	984	581	942	1,082	836	869	685	159	236	197	681	248	298	183	156
Low Price	21.6	7.25	5.4	6.25	6.05	4.56	3.05	2.12	1.15	0.86	0.85	4.84	3.46	2.2	1.41
EV/Sales	0.82	0.59	0.97	0.71	0.54	7.47	8.51	1.54	2.44	1.66	9.27	3.12	4.87	1.73	1.7
EV/EBITDA	3.25	6.16	- -	11.48	8.5	43.75	144.23	14.4	9.87	14.39	43.79	12.54	71.28	212.75	24.35
Price/Earnings	4.47	398.62	- -	- -	- -	- -	- -	1.91	25.75	- -	202.25	58.33	- -	- -	- -
Price/Earnings Average	3.95	1,508.57	-0.61	-1.1	-8.53	-28.09	-3.48	1.93	50.07	-6.65	42.38	100.68	-73.28	-65.08	-8.25
Price/Earnings High	7.85	3,452.08	-1.2	-2.11	-13.5	-39.61	-5.39	2.71	70.32	-9.7	233.56	350.1	-117.15	-99.36	-12.47
Price/Earnings Low	2.21	377.77	-0.38	-0.44	-3.66	-18.35	-1.78	1.52	24.88	-3.95	15.1	47.36	-48.08	-39.03	-5.86
Price/Book Value	6.97	0.25	0.47	3.97	3.08	4.06	8.99	0.78	0.53	0.65	4.16	0.97	0.8	0.42	0.3
Price/Book Value Average	6.17	0.95	0.52	3.59	6.16	3.34	16.77	0.79	1.03	0.67	0.87	1.67	0.93	0.57	0.29
Price/Book Value High	12.23	2.18	1.03	6.9	9.75	4.71	25.99	1.12	1.44	0.97	4.81	5.79	1.48	0.86	0.44
Price/Book Value Low	3.45	0.24	0.33	1.44	2.64	2.18	8.57	0.63	0.51	0.4	0.31	0.78	0.61	0.34	0.21
Price/Tangible Book Value	1.3	0.22	0.36	1.86	1.06	1.55	0.98	0.73	0.36	0.42	3.08	0.89	0.76	0.42	0.31
Price/Tangible Book Value Average	1.15	0.84	0.41	1.68	2.12	1.27	1.82	0.73	0.71	0.43	0.65	1.54	0.88	0.57	0.3
Price/Tangible Book Value High	2.28	1.93	0.8	3.23	3.36	1.8	2.83	1.03	0.99	0.62	3.56	5.37	1.41	0.87	0.46
Price/Tangible Book Value Low	0.64	0.21	0.26	0.67	0.91	0.83	0.93	0.58	0.35	0.25	0.23	0.73	0.58	0.34	0.22
Price/Sales	0.63	0.13	0.14	0.21	0.09	1.49	0.8	0.64	0.47	0.48	7.65	5.02	4.79	1.46	1.14
Price/Sales Average	0.55	0.51	0.15	0.19	0.18	1.23	1.5	0.65	0.91	0.49	1.6	8.67	5.59	1.96	1.12
Price/Sales High	1.1	1.17	0.3	0.36	0.29	1.73	2.32	0.91	1.28	0.72	8.83	30.16	8.93	3	1.69
Price/Sales Low	0.31	0.13	0.1	0.07	0.08	0.8	0.77	0.51	0.45	0.29	0.57	4.08	3.67	1.18	0.79
Price/Cash Flow	1.87	-6.02	-1.4	2.65	-1.18	78.51	2.35	3.56	-0.89	1.03	-56	-65.6	-7.72	-6.57	-24.52
Price/Cash Flow Average	1.66	-22.77	-1.56	2.4	-2.36	64.52	4.38	3.6	-1.72	1.05	-11.73	-113.25	-9.01	-8.83	-23.98
Price/Cash Flow High	3.29	-52.11	-3.08	4.61	-3.73	90.98	6.79	5.07	-2.42	1.53	-64.68	-393.78	-14.4	-13.48	-36.23
Price/Cash Flow Low	0.93	-5.7	-0.98	0.96	-1.01	42.15	2.24	2.84	-0.86	0.62	-4.18	-53.27	-5.91	-5.29	-17.03
Price/Free Cash Flow Average	1.24	3.84	3.55	1.16	-4.27	64.52	4.38	0.67	-8.24	0.84	-66.74	125.24	-865.29	-16.27	8.99
Price/Free Cash Flow High	2.45	8.78	7	2.23	-6.76	90.98	6.79	0.95	-11.58	1.23	-367.84	435.48	-1,383.21	-24.84	13.58
Price/Free Cash Flow Low	0.69	0.96	2.24	0.47	-1.83	42.15	2.24	0.53	-4.1	0.5	-23.78	58.92	-567.72	-9.76	6.38
EV/Sales Average	0.75	0.96	0.99	0.69	0.63	7.21	9.2	1.55	2.88	1.67	3.22	6.77	5.66	2.23	1.67
EV/Sales High	1.29	1.62	1.14	0.86	0.73	7.71	10.03	1.81	3.25	1.89	10.45	28.25	9.01	3.27	2.24
EV/Sales Low	0.5	0.58	0.93	0.58	0.52	6.78	8.47	1.41	2.42	1.47	2.19	2.17	3.74	1.45	1.35
EV/EBITDA Average	2.98	10.08	-13.84	11.17	9.95	42.19	156.02	14.47	11.66	14.48	15.23	27.22	82.98	274.4	23.99
EV/EBITDA High	5.15	16.95	-15.92	13.95	11.65	45.13	170	16.92	13.15	16.44	49.38	113.62	131.96	401.39	32.2
EV/EBITDA Low	2	6.09	-13.05	9.36	8.29	39.7	143.6	13.19	9.81	12.74	10.35	8.74	54.84	177.91	19.34
EV/EBIT Average	3.66	82.36	-5.88	-56.28	119.22	51.37	315.49	24.35	17.97	33.57	28.84	41.43	-131.86	-33.86	-305.18
EV/EBIT High	6.33	138.42	-6.77	-70.32	139.56	54.95	343.76	28.47	20.27	38.11	93.53	172.95	-209.69	-49.53	-409.56
EV/EBIT Low	2.46	49.74	-5.55	-47.17	99.3	48.34	290.37	22.2	15.12	29.53	19.61	13.31	-87.14	-21.95	-246
Last Price	43.7	7.65	7.7	17.25	7.05	8.5	3.2	2.66	1.19	1.42	11.43	5.96	4.52	2.73	2.03
High Price	76.7	66.25	16.9	30	22.3	9.85	9.25	3.79	3.25	2.11	13.2	35.77	8.43	5.6	3
Enterprise Value Average	900	951	957	1,052	980	838	741	160	279	199	237	539	347	236	154
Enterprise Value High	1,558	1,598	1,101	1,314	1,147	897	807	187	315	225	768	2,251	552	345	206
Enterprise Value Low	605	574	902	881	816	789	682	146	235	175	161	173	229	153	124

	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	2023 Y	2024 Y
Shares Outstanding	174	173	173	203	204	203	201	381	381	481	572	672	603	546	513
Diluted Weighted Avg Shares	18	17	17	18	20	20	20	25	38	41	50	67	65	57	52
Basic Weighted Avg Shares	17	17	17	18	20	20	20	25	38	41	49	67	65	57	52
Revenue per Share	69.74	56.79	56.13	83.42	76.71	5.7	3.98	4.17	2.55	2.93	1.49	1.19	0.94	1.87	1.78
EBITDA per Share	17.49	5.43	-4.01	5.17	4.84	0.97	0.23	0.45	0.63	0.34	0.32	0.29	0.06	0.02	0.12
Operating Income per Share	14.23	0.67	-9.42	-1.03	0.4	0.8	0.12	0.27	0.41	0.15	0.17	0.19	-0.04	-0.12	-0.01
Basic EPS, GAAP	9.78	0.02	-14.04	-14.21	-1.65	-0.25	-1.72	1.4	0.05	-0.22	0.06	0.1	-0.07	-0.06	-0.24
Basic EPS from Cont Ops	9.78	0.02	-14.05	-14.21	-1.65	0.99	- -	0.13	0.13	-0.29	0.04	0.1	-0.07	-0.1	-0.22
Diluted EPS, GAAP	9.65	0.02	-14.04	-14.21	-1.65	-0.25	-1.72	1.4	0.05	-0.22	0.06	0.1	-0.07	-0.06	-0.24
Diluted EPS from Cont Ops	9.65	0.02	-14.05	-14.21	-1.65	0.99	- -	0.13	0.13	-0.29	0.04	0.1	-0.07	-0.1	-0.22
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	23.32	-1.27	-5.49	6.51	-5.98	0.11	1.36	0.75	-1.34	1.38	-0.2	-0.09	-0.59	-0.42	-0.08
Free Cash Flow per Basic Share	14.96	-10.09	-13.39	-0.42	-8.66	0.11	1.36	-2.51	-2.4	1.04	-0.37	-0.26	-1.16	-0.61	-0.39
Cash & Equivalents per Share	17.01	21.85	5.4	4.76	4.91	1.86	0.2	0.54	0.18	0.6	0.83	3.78	1.65	1.24	0.96
Book Value per Share	6.27	30.39	16.44	4.35	2.29	2.09	0.36	3.39	2.25	2.16	2.74	6.18	5.68	6.48	6.82
Tangible Book Value per Share	33.62	34.32	21.1	9.28	6.64	5.48	3.27	3.66	3.27	3.39	3.71	6.66	5.97	6.43	6.52

Emeren Group, Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)