Stem, Inc. Financial Ratios — STEM Stock

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-151.69	-14.48	-9.49	-10.11	-95.19
Return on Capital (%)	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-18.57	-10.77	0.98	9.12	0.79	-7.65
EBITDA Margin (%)	-193.49	-87.18	-46.01	-23.61	-28.83	-99.03
Operating Margin (%)	-272.62	-136.03	-65.22	-36.12	-38.85	-130.15
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-338.47	-430	-79.46	-38.35	-30.33	-590.44
Profit Margin (%)	-338.5	-430.01	-79.46	-34.18	-30.42	-590.67
Net Income to Common Margin (%)	-338.5	-430.01	-79.46	-34.18	-30.42	-590.67
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	- -	106	332	463	537	542
LT Debt	- -	5	330	460	534	539
ST Debt	- -	102	1	3	3	3
Total Debt/EBITDA	- -	-3.36	-5.66	-5.4	-4.04	-3.79
Net Debt/EBITDA	- -	-3.13	7.33	-4.22	-3.14	-3.28
Total Debt/EBIT	- -	-2.15	-3.99	-3.53	-2.99	-2.88
Net Debt/EBIT	- -	-2	5.17	-2.76	-2.33	-2.5
EBITDA to Interest Expense	-2.71	-1.52	-3.37	-8.19	-8.88	-7.83
EBITDA-CapEx/Interest Expense	-5.97	-1.82	-3.61	-8.58	-9.16	-7.85
EBIT to Interest Expense	-3.81	-2.37	-4.78	-12.53	-11.97	-10.29
Interest Expense	13	21	17	10	15	18
Common Equity/Total Assets	- -	-198.12	-42.71	-44.45	-56.93	-371.89
Long-Term Debt/Equity (%)	- -	- -	49.48	83.39	125.17	- -
Long-Term Debt/Capital (%)	- -	-1.55	-186.27	-273.32	-227.32	-49.75
Long-Term Debt/Total Assets (%)	- -	2.27	27.72	32.38	39.36	123.3
Total Debt/Equity (%)	- -	-59.9	49.66	83.86	125.86	-136.24
Total Debt/Capital (%)	- -	-35.24	-186.97	-274.84	-228.57	-50
Total Debt/Total Assets (%)	- -	51.63	27.83	32.57	39.58	123.93
Net Debt to Equity	- -	-55.77	-64.32	65.49	98.03	-118.05
Net Debt/Capital (%)	- -	-32.07	46.43	-141.04	-122.9	-41.19
EBITDA	-34	-32	-59	-86	-133	-143
EBITDA-CapEx	-75	-38	-63	-90	-137	-144
Operating Income (Loss)	-48	-49	-83	-131	-179	-188

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	- -	0.04	10.47	0.94	0.45	0.44
Current Ratio	- -	0.26	11.64	2	1.88	1.06
Quick Ratio	- -	0.11	11.17	1.77	1.66	0.9
CFO/Avg Current Liab	- -	-0.35	-0.73	-0.6	-0.8	-0.19
Common Equity/Total Assets	- -	-198.12	-42.71	-44.45	-56.93	-371.89
Long-Term Debt/Equity (%)	- -	- -	49.48	83.39	125.17	- -
Long-Term Debt/Capital (%)	- -	-1.55	-186.27	-273.32	-227.32	-49.75
Long-Term Debt/Total Assets (%)	- -	2.27	27.72	32.38	39.36	123.3
Total Debt/Equity (%)	- -	-59.9	49.66	83.86	125.86	-136.24
Total Debt/Capital (%)	- -	-35.24	-186.97	-274.84	-228.57	-50
Total Debt/Total Assets (%)	- -	51.63	27.83	32.57	39.58	123.93
CFO/Total Liabilities	- -	-8.79	-19.33	-12.19	-22.29	-4.39
CFO/CapEx	-0.72	-5.42	-24.09	-25.85	-50.1	-74.49
Altman's Z-Score	- -	-2.98	2.52	0.05	-1.06	-9.28

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	5.35	4.31	6.46	5.27	1.88
Days Sales Outstanding	- -	68.22	84.77	56.53	69.28	193.98
Inventory Turnover	- -	3.86	5.79	21.22	26.13	8.28
Days Inventory Outstanding	- -	94.58	63.04	17.2	13.97	44.07
Accounts Payable Turnover	- -	8.88	6.09	5.63	5.87	2.58
Accounts Payable Turnover Days	- -	41.09	59.91	64.84	62.13	141.44
Cash Conversion Cycle	- -	121.71	87.89	8.9	21.12	96.61
Inventory to Cash Days	- -	-26.36	21.73	39.33	55.32	149.91
Inventories	- -	21	23	8	27	11
Raw Materials	- -	- -	- -	5	3	3
Work In Process	- -	15	21	3	23	7
Finished Goods	- -	- -	- -	- -	1	- -
Other Inventory	- -	6	2	- -	- -	- -

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	981	2,002	1,372	604	97
- Cash & Cash Equivalents	- -	7	748	88	105	56
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	1	- -	1
+ Total Debt	- -	106	332	463	537	542
Enterprise Value	- -	1,080	1,413	1,585	1,028	584
Total Capital	- -	-302	-177	-168	-235	-1,084
Total Debt/Capital (%)	- -	-35.24	-186.97	-274.84	-228.57	-50
Total Debt / EV	- -	0.1	0.23	0.29	0.52	0.93
EV/Sales	- -	29.76	11.1	4.37	2.23	4.04
EV/EBITDA	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	981	2,002	1,372	604	97
Diluted Enterprise Value	- -	1,080	1,586	1,747	1,036	584
EV per Share	- -	22.53	13.39	10.33	6.6	3.61
TTM Sales	18	36	127	363	462	145
TTM EBITDA	-34	-32	-59	-86	-133	-143
TTM Operating Income	-48	-49	-83	-131	-179	-188
TTM Cash Flow to Firm	-17	-13	-84	-97	-192	-18
TTM Free Cash Flow to Firm	24	-7	-80	-93	-188	-18

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Earnings	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-3.87	-27.91	-13.86	-6.25	-0.25
Price/Earnings High	- -	-8.12	-53.7	-24.42	-12.59	-0.76
Price/Earnings Low	- -	-2.95	-16.69	-7.07	-2.58	-0.06
Price/Book Value	- -	-2.41	-3.93	-2.17	-0.78	-0.06
Price/Book Value Average	- -	-1.48	-5.55	-2.72	-1.14	-0.13
Price/Book Value High	- -	-3.11	-10.68	-4.79	-2.29	-0.4
Price/Book Value Low	- -	-1.13	-3.32	-1.39	-0.47	-0.03
Price/Tangible Book Value	- -	-5.13	3.07	-8.75	-2.17	-0.18
Price/Tangible Book Value Average	- -	-3.16	4.33	-10.97	-3.16	-0.4
Price/Tangible Book Value High	- -	-6.63	8.33	-19.33	-6.37	-1.19
Price/Tangible Book Value Low	- -	-2.41	2.59	-5.6	-1.31	-0.09
Price/Sales	- -	27.02	15.72	3.78	1.31	0.67
Price/Sales Average	- -	16.64	22.18	4.74	1.9	1.51
Price/Sales High	- -	34.9	42.67	8.35	3.83	4.47
Price/Sales Low	- -	12.68	13.26	2.42	0.79	0.34
Price/Cash Flow	- -	-29.14	-19.77	-12.94	-2.91	-2.66
Price/Cash Flow Average	- -	-17.94	-27.9	-16.21	-4.23	-5.94
Price/Cash Flow High	- -	-37.64	-53.67	-28.58	-8.52	-17.62
Price/Cash Flow Low	- -	-13.67	-16.68	-8.28	-1.75	-1.33
Price/Free Cash Flow	- -	-35.72	-20.63	-13.46	-2.97	-2.69
Price/Free Cash Flow Average	- -	-22	-29.1	-16.86	-4.32	-6.02
Price/Free Cash Flow High	- -	-46.14	-56	-29.73	-8.7	-17.86
Price/Free Cash Flow Low	- -	-16.76	-17.4	-8.61	-1.78	-1.35
EV/Sales	- -	29.76	11.1	4.37	2.23	4.04
EV/Sales Average	- -	19.38	18.91	5.77	2.84	4.87
EV/Sales High	- -	37.64	39.41	9.38	4.77	7.83
EV/Sales Low	- -	15.41	9.99	3.45	1.72	3.7
EV/EBITDA	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	-22.23	-41.1	-24.45	-9.84	-4.92
EV/EBITDA High	- -	-43.18	-85.65	-39.74	-16.53	-7.91
EV/EBITDA Low	- -	-17.68	-21.72	-14.63	-5.97	-3.74
EV/EBIT	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	-14.25	-29	-15.98	-7.3	-3.74
EV/EBIT High	- -	-27.67	-60.42	-25.97	-12.27	-6.02
EV/EBIT Low	- -	-11.33	-15.32	-9.56	-4.43	-2.84
Last Price	- -	20.46	18.97	8.94	3.88	0.6
High Price	- -	26.43	51.49	19.75	11.36	4
Low Price	- -	9.6	16	5.72	2.33	0.3
Enterprise Value	- -	1,080	1,413	1,585	1,028	584
Enterprise Value Average	- -	704	2,409	2,095	1,310	704
Enterprise Value High	- -	1,367	5,019	3,406	2,200	1,132
Enterprise Value Low	- -	560	1,273	1,253	795	535

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	- -	126	145	155	156	163
Diluted Weighted Avg Shares	48	48	106	153	156	161
Basic Weighted Avg Shares	48	48	106	153	156	161
Revenue per Share	0.37	0.76	1.21	2.37	2.97	0.9
EBITDA per Share	-0.71	-0.66	-0.56	-0.56	-0.86	-0.89
Operating Income per Share	-1	-1.03	-0.79	-0.85	-1.15	-1.17
Basic EPS, GAAP	-1.24	-3.26	-0.96	-0.81	-0.9	-5.29
Basic EPS from Cont Ops	-1.24	-3.26	-0.96	-0.81	-0.9	-5.29
Diluted EPS, GAAP	-1.24	-3.26	-0.96	-0.81	-0.9	-5.29
Diluted EPS from Cont Ops	-1.24	-3.26	-0.96	-0.81	-0.9	-5.29
Dividend per Share	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.62	-0.7	-0.96	-0.69	-1.33	-0.23
Free Cash Flow per Basic Share	-1.47	-0.83	-1	-0.72	-1.36	-0.23
Cash & Equivalents per Share	- -	0.14	8.72	1.63	0.73	0.35
Book Value per Share	- -	-8.51	-4.82	-4.12	-4.97	-10.07
Tangible Book Value per Share	- -	-3.99	6.18	-1.02	-1.78	-3.36

Stem, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items