Avantor, Inc. Financial Ratios — AVG Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	3.32	20.89	16.46	6.35	12.69	-9.2
Return on Assets (%)	- -	- -	-0.85	0.38	1.18	4.81	5.02	2.43	5.67	-4.44
Return on Capital (%)	- -	- -	- -	7.81	- -	7.86	8.06	4.96	8.59	- -
Return on Invested Capital (%)	- -	- -	- -	9	- -	7.89	8.17	4.98	8.72	- -
Gross Margin (%)	46.25	34.7	31.03	31.8	32.54	33.88	34.65	33.93	33.6	32.65
EBITDA Margin (%)	10.15	-8.91	13.95	15.74	17.24	18.3	20.44	15.77	21.97	2.5
Operating Margin (%)	1.43	-16.87	7.05	9.14	11.05	13.16	15.04	12.3	9.41	8.3
Incremental Operating Margin (%)	- -	- -	13.51	78.58	43.87	26.74	125.1	50.07	119.28	40.75
Pretax Margin (%)	-10.21	-36.89	-1.94	0.67	0.97	10.19	11.33	5.89	12.59	-6.74
Profit Margin (%)	-6.13	-9.03	-1.48	0.63	1.82	7.75	9.14	4.61	10.49	-8.09
Net Income to Common Margin (%)	-6.13	-9.03	-6.08	-1.9	0.81	6.88	8.82	4.61	10.49	-8.09
Effective Tax Rate (%)	- -	- -	- -	6.9	- -	23.96	19.34	21.78	16.68	- -
Dvd Payout Ratio (%)	-133.36	-956.66	75.62	105.67	- -	- -	1.24	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	3.32	20.89	16.25	6.35	12.69	-9.2

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
ST Debt	- -	109	142	94	26	45	364	260	821	31
LT Debt	- -	7,009	6,782	5,023	4,868	6,978	5,923	5,277	3,235	3,916
Total Debt/EBITDA	- -	-64.01	8.46	5.38	4.44	5.2	4.09	5.04	2.72	24.06
Net Debt/EBITDA	- -	-62.34	8.24	5.19	4.18	4.97	3.85	4.8	2.55	21.83
Total Debt/EBIT	- -	-33.83	16.75	9.27	6.92	7.22	5.56	7.95	3.74	-16.03
Net Debt/EBIT	- -	-32.95	16.3	8.93	6.52	6.91	5.23	7.57	3.5	-14.54
EBITDA to Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBITDA-CapEx/Interest Expense	0.87	-0.55	1.56	2.16	3.58	6.22	5.78	3.86	6.81	0.97
EBIT to Interest Expense	0.12	-1.05	0.79	1.25	2.3	4.47	4.25	3.01	2.92	3.2
Interest Expense	80	201	524	440	308	217	266	285	219	170
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
Net Debt to Equity	- -	-264.58	-220.86	200.22	172.28	160.15	121.81	100.4	63.69	64.35
Net Debt/Capital (%)	- -	160.76	182.74	66.69	63.27	61.56	54.92	50.1	38.91	39.15
EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
EBITDA-CapEx	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
Operating Income (Loss)	10	-210	414	552	707	972	1,130	857	638	544

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.17	0.17	0.17	0.23	0.21	0.22	0.18	0.13	0.26
Current Ratio	- -	1.66	1.73	1.88	1.8	1.71	1.6	1.61	1.07	1.78
Quick Ratio	- -	0.96	1.02	1.09	1.13	1.05	0.96	0.95	0.65	1.04
CFO/Avg Current Liab	- -	- -	0.18	0.33	0.8	0.71	0.54	0.55	0.48	0.37
Common Equity/Total Assets	- -	-25.08	-30.79	14.92	16.86	22.98	36.06	40.49	49.17	47.18
Long-Term Debt/Equity (%)	- -	- -	- -	204	182.01	166.26	121.99	100.46	54.3	70.36
Long-Term Debt/Capital (%)	- -	155.83	175.12	66.28	64.32	62.19	53.16	48.91	32.31	41.17
Long-Term Debt/Total Assets (%)	- -	67.09	68.43	51.4	49.13	50.21	43.99	40.68	26.7	33.2
Total Debt/Equity (%)	- -	-271.65	-226.91	207.8	183	167.34	129.49	105.41	68.09	70.91
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt/Total Assets (%)	- -	68.14	69.86	52.35	49.4	50.54	46.7	42.68	33.48	33.46
CFO/Total Liabilities	- -	-1.28	1.55	4.84	12.86	9.83	9.8	11.27	13.65	10.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.79	3.48	3.97	4.54	5.22	4.81	4.92	5.17	4.05

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	6.49	6.29	6.08	6.33	6.16	5.88	6.21	6.21
Days Sales Outstanding	- -	- -	56.21	58.01	60	57.7	59.29	62.04	58.78	58.75
Inventory Turnover	- -	- -	5.92	5.96	5.95	6.06	5.5	5.29	5.78	5.7
Days Inventory Outstanding	- -	- -	61.65	61.24	61.39	60.23	66.37	69.05	63.19	64.09
Accounts Payable Turnover	- -	- -	7.31	7.44	7.01	7	6.54	6.53	6.84	6.41
Accounts Payable Turnover Days	- -	- -	49.9	49.03	52.09	52.18	55.78	55.91	53.36	56.97
Cash Conversion Cycle	- -	- -	67.95	70.21	69.3	65.76	69.88	75.18	68.61	65.87
Inventory to Cash Days	- -	- -	-5.44	-3.23	-1.38	-2.52	-7.08	-7	-4.41	-5.35
Inventories	- -	695	671	711	740	872	914	828	732	818
Raw Materials	- -	87	105	125	123	156	181	167	149	152
Work In Process	- -	30	34	37	38	50	59	66	65	65
Finished Goods	- -	578	532	550	579	666	673	595	517	602
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	5,162	7,009	8,900	10,266	15,416	25,142	14,052	15,408	14,316	7,613
- Cash & Cash Equivalents	- -	185	185	187	287	302	373	263	262	365
+ Preferred Equity and Hybrid Capital	- -	- -	- -	1,004	1,004	1,004	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	7,118	6,925	5,117	4,894	7,023	6,288	5,537	4,056	3,946
Enterprise Value	5,162	13,941	15,640	16,200	21,027	32,867	19,967	20,682	18,110	11,193
Total Capital	- -	4,498	3,873	7,579	7,568	11,220	11,143	10,789	10,013	9,511
Total Debt/Capital (%)	- -	158.26	178.79	67.51	64.66	62.59	56.43	51.32	40.51	41.49
Total Debt / EV	- -	0.51	0.44	0.32	0.23	0.21	0.31	0.27	0.22	0.35
EV/Sales	7.47	11.18	2.67	2.68	3.29	4.45	2.66	2.97	2.67	1.71
EV/EBITDA	73.53	- -	19.12	17.04	19.08	24.32	13	18.82	12.15	68.25
EV/EBIT	521.39	- -	37.82	29.36	29.75	33.81	17.67	29.7	16.69	- -
EV/Cash Flow to Firm	- -	- -	- -	21.21	- -	29.37	18.87	18.93	17.7	- -
EV/Free Cash Flow to Firm	- -	- -	- -	21.21	- -	29.37	18.87	18.93	17.7	- -
Diluted Market Cap	4,746	8,160	10,363	7,191	15,504	24,726	14,158	15,449	14,339	7,597
Diluted Enterprise Value	4,746	15,093	17,103	13,124	21,115	32,451	20,073	20,723	18,133	11,178
EV per Share	9.66	32.69	36.68	28.28	36.25	53.91	29.61	30.57	26.6	16.41
TTM Sales	691	1,247	5,864	6,040	6,394	7,386	7,512	6,967	6,784	6,552
TTM EBITDA	70	-111	818	951	1,102	1,351	1,536	1,099	1,490	164
TTM Operating Income	10	-210	414	552	707	972	1,130	857	638	544
TTM Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -
TTM Free Cash Flow to Firm	- -	- -	- -	764	- -	1,119	1,058	1,093	1,023	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	65.11	-48.72	51.68	20.31	16.67	25.93	16.78	17.76	17.05	12.18
EV/EBIT	521.39	- -	37.82	29.36	29.75	33.81	17.67	29.7	16.69	- -
Enterprise Value	5,162	13,941	15,640	16,200	21,027	32,867	19,967	20,682	18,110	11,193
Low Price	5.77	9.29	16.47	13.51	7.94	25.98	18.82	16.84	19.41	10.52
EV/Sales	7.47	11.18	2.67	2.68	3.29	4.45	2.66	2.97	2.67	1.71
EV/EBITDA	73.53	- -	19.12	17.04	19.08	24.32	13	18.82	12.15	68.25
Price/Earnings	- -	- -	- -	- -	294.52	47.93	20.48	47.91	20.09	- -
Price/Earnings Average	- -	- -	- -	- -	216.03	40.16	27.78	44.14	22.37	- -
Price/Earnings High	- -	- -	- -	- -	306.21	50.57	40.88	52.48	26.28	- -
Price/Earnings Low	- -	- -	- -	- -	88.04	30.2	18.5	35.43	18.54	- -
Price/Book Value	- -	-2.67	-2.92	7.04	9.23	7.87	2.89	2.93	2.4	1.37
Price/Book Value Average	- -	-2.03	-2.75	6.48	6.77	6.6	3.93	2.7	2.68	1.75
Price/Book Value High	- -	-2.7	-3	7.62	9.59	8.31	5.78	3.21	3.14	2.74
Price/Book Value Low	- -	-1.51	-2.3	5.31	2.76	4.96	2.61	2.17	2.22	1.29
Price/Tangible Book Value	- -	-0.67	-0.86	-1.86	-2.94	-3.45	-2.85	-3.63	-4.87	-2.91
Price/Tangible Book Value Average	- -	-0.51	-0.81	-1.71	-2.16	-2.89	-3.87	-3.35	-5.42	-3.73
Price/Tangible Book Value High	- -	-0.68	-0.88	-2.01	-3.06	-3.64	-5.69	-3.98	-6.37	-5.82
Price/Tangible Book Value Low	- -	-0.38	-0.68	-1.4	-0.88	-2.17	-2.57	-2.69	-4.49	-2.74
Price/Sales	6.87	6.54	1.77	1.19	2.4	3.3	1.81	2.21	2.11	1.16
Price/Sales Average	6.58	4.96	1.66	1.1	1.76	2.76	2.45	2.03	2.35	1.49
Price/Sales High	9.44	6.61	1.82	1.29	2.49	3.48	3.6	2.42	2.76	2.32
Price/Sales Low	4.1	3.7	1.39	0.9	0.72	2.08	1.63	1.63	1.94	1.09
Price/Cash Flow	65.11	-48.72	51.68	20.31	16.47	25.54	16.08	17.68	17	12.18
Price/Cash Flow Average	62.4	-36.95	48.67	18.7	12.08	21.39	21.81	16.29	18.93	15.62
Price/Cash Flow High	89.49	-49.24	53.1	21.99	17.13	26.94	32.09	19.37	22.24	24.36
Price/Cash Flow Low	38.9	-27.52	40.79	15.31	4.92	16.09	14.52	13.08	15.68	11.48
Price/Free Cash Flow Average	62.4	-36.95	48.67	18.7	12.23	21.72	22.76	16.36	19	15.62
Price/Free Cash Flow High	89.49	-49.24	53.1	21.99	17.34	27.36	33.5	19.45	22.31	24.36
Price/Free Cash Flow Low	38.9	-27.52	40.79	15.31	4.98	16.34	15.16	13.13	15.74	11.48
EV/Sales Average	7.16	9.82	2.58	2.55	2.65	3.9	3.32	2.79	2.91	2.04
EV/Sales High	10.26	11.24	2.71	2.82	3.38	4.64	4.52	3.18	3.32	2.87
EV/Sales Low	4.46	8.73	2.35	2.26	1.6	3.19	2.48	2.39	2.51	1.64
EV/EBITDA Average	70.47	- -	18.48	16.18	15.35	21.3	16.26	17.72	13.25	81.36
EV/EBITDA High	101.06	- -	19.42	17.93	19.63	25.35	22.12	20.16	15.11	114.68
EV/EBITDA Low	43.93	- -	16.83	14.38	9.27	17.44	12.11	15.17	11.41	65.6
EV/EBIT Average	499.71	- -	36.57	27.88	23.94	29.61	22.1	27.95	18.2	- -
EV/EBIT High	716.64	- -	38.41	30.89	30.62	35.23	30.05	31.81	20.76	- -
EV/EBIT Low	311.48	- -	33.29	24.78	14.46	24.24	16.46	23.93	15.68	- -
Last Price	9.66	16.44	20.87	17.92	26.57	41.24	20.84	22.77	21.03	11.16
High Price	13.28	16.61	21.44	19.4	27.63	43.51	41.6	24.94	27.51	22.33
Enterprise Value Average	4,947	12,248	15,122	15,386	16,919	28,787	24,975	19,467	19,741	13,343
Enterprise Value High	7,095	14,016	15,885	17,046	21,639	34,252	33,963	22,151	22,523	18,808
Enterprise Value Low	3,084	10,892	13,765	13,673	10,219	23,565	18,605	16,668	17,005	10,758

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	534	426	426	573	580	610	674	677	681	682
Diluted Weighted Avg Shares	491	497	497	401	583	600	679	678	682	681
Basic Weighted Avg Shares	491	497	497	401	576	591	651	676	680	681
Revenue per Share	1.41	2.51	11.81	15.06	11.09	12.51	11.54	10.31	9.98	9.63
EBITDA per Share	0.14	-0.22	1.65	2.37	1.91	2.29	2.36	1.63	2.19	0.24
Operating Income per Share	0.02	-0.42	0.83	1.38	1.23	1.65	1.74	1.27	0.94	0.8
Basic EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.86	1.02	0.48	1.05	-0.78
Basic EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.97	1.05	0.48	1.05	-0.78
Diluted EPS, GAAP	-0.09	-0.23	-0.72	-0.29	0.09	0.85	0.97	0.47	1.04	-0.78
Diluted EPS from Cont Ops	-0.16	-0.29	-0.18	0.09	0.2	0.95	1.01	0.47	1.04	-0.78
Dividend per Share	0.32	3.43	- -	0.08	0.11	0.11	0.05	- -	- -	- -
Cash Flow per Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Free Cash Flow per Basic Share	0.15	-0.34	0.4	0.88	1.61	1.61	1.3	1.29	1.24	0.92
Cash & Equivalents per Share	- -	0.43	0.43	0.33	0.49	0.49	0.55	0.39	0.38	0.54
Book Value per Share	- -	-6.14	-7.16	2.55	2.88	5.24	7.2	7.76	8.75	8.16
Tangible Book Value per Share	- -	-24.52	-24.39	-9.66	-9.03	-11.95	-7.31	-6.27	-4.32	-3.84