Summit Materials, Inc. Financial Ratios — SUM 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
Return on Common Equity (%)	- -	-27.07	-31.81	- -	18.42	229.56	208.39	29.77	36.82	53.28	37.67	50.76	38.89
Return on Assets (%)	- -	-8.17	-8.42	- -	1.35	1.42	3.71	0.89	1.49	3.29	3.56	6.41	6.08
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	3.86	7.24	- -	9.99	15.61	13.63
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	1.8	4.85	- -	5.5	5.67	5.88
Gross Margin (%)	24.26	22.99	26.1	26.33	30.86	34.09	33.68	29.76	25.93	26.66	27.94	26.92	28.9
EBITDA Margin (%)	12.57	9.67	11.29	14.45	18.82	19.81	21.82	17.07	19.16	19.1	20.16	19.67	21.22
Operating Margin (%)	4.34	1.88	2.64	6.52	10.09	9.93	11.83	7.14	9.13	9.33	10.39	10.86	12.57
Incremental Operating Margin (%)	- -	-12.26	-67.76	18.85	28.95	8.73	21.91	-46.73	43.74	13.34	42.49	407.22	32.43
Pretax Margin (%)	-0.18	-5.5	-11.55	-1.11	-1.34	2.51	-8.19	4.57	3.52	5.53	8.24	14.98	15.06
Profit Margin (%)	-1.36	-5.67	-11.66	- -	1.94	2.26	6.3	1.61	2.66	5.92	6.32	11.28	10.91
Net Income to Common Margin (%)	-1.36	-5.67	-11.66	- -	1.94	2.26	6.3	1.61	2.66	5.92	6.32	11.28	10.91
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	62.19	21.86	- -	22.33	23.66	26.58
Dvd Payout Ratio (%)	- -	- -	- -	- -	-105.78	23.5	1.52	0.18	- -	- -	- -	0.24	0.16
Sustainable Growth Rate (%)	- -	-27.07	-31.81	- -	37.9	175.62	205.22	29.72	36.82	53.28	37.67	50.64	38.83

Credit (USD)

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	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
Total Debt	- -	640	691	1,066	1,295	1,533	1,835	1,829	1,909	1,953	1,650	1,544	2,333
ST Debt	- -	4	32	23	22	18	24	22	32	39	30	19	16
LT Debt	- -	636	659	1,044	1,274	1,514	1,811	1,808	1,876	1,914	1,620	1,524	2,317
Total Debt/EBITDA	- -	7.14	6.68	6.13	4.81	4.76	4.35	5.1	4.48	4.38	3.4	3.25	4.2
Net Debt/EBITDA	- -	6.8	6.49	5.95	4.06	4.28	3.4	4.7	3.64	3.32	2.5	2.05	3.44
Total Debt/EBIT	- -	36.77	28.54	13.58	8.96	9.49	8.03	12.2	9.41	8.97	6.59	5.89	7.09
Net Debt/EBIT	- -	35	27.7	13.19	7.57	8.53	6.26	11.24	7.63	6.8	4.86	3.71	5.81
EBITDA to Interest Expense	2.08	1.54	1.83	2.01	3.19	3.3	3.89	3.08	3.65	4.3	5.27	5.46	4.87
EBITDA-CapEx/Interest Expense	1.27	0.76	0.66	1.13	2.13	1.73	2.1	1.18	2.13	2.59	2.97	2.39	2.63
EBIT to Interest Expense	0.72	0.3	0.43	0.91	1.71	1.66	2.11	1.29	1.74	2.1	2.71	3.01	2.88
Interest Expense	48	58	56	87	85	98	109	117	117	104	92	87	114
Common Equity/Total Assets	- -	30.2	22.66	16.87	0.5	0.72	2.56	3.39	4.67	7.61	11.33	13.91	17.05
Long-Term Debt/Equity (%)	- -	164.86	229.68	363.67	165.87	176.09	142.39	134.67	129.88	118.41	88.85	75.76	100.01
Long-Term Debt/Capital (%)	- -	61.8	67.51	76.93	88.02	96.42	93.1	91.53	88.67	83.23	75.69	70.95	71.93
Long-Term Debt/Total Assets (%)	- -	49.5	52.66	60.94	53.15	54.45	47.81	46.86	46.13	44.43	38.21	35.82	44.99
Total Debt/Equity (%)	- -	165.89	240.94	371.62	168.7	178.22	144.28	136.31	132.12	120.83	90.52	76.72	100.72
Total Debt/Capital (%)	- -	62.19	70.82	78.61	89.52	97.58	94.34	92.64	90.2	84.94	77.11	71.85	72.44
Total Debt/Total Assets (%)	- -	49.81	55.24	62.27	54.06	55.1	48.45	47.42	46.93	45.33	38.93	36.27	45.31
Net Debt to Equity	- -	157.94	233.88	360.91	142.44	160.17	112.61	125.57	107.12	91.6	66.72	48.37	82.59
Net Debt/Capital (%)	- -	61.03	70.05	77.09	86.76	96.51	91.71	91.29	85.75	78.7	69.15	59.78	67.21
EBITDA	99	90	103	174	270	322	422	359	426	445	486	475	556
EBITDA-CapEx	61	44	37	98	181	169	228	138	248	268	274	208	300
Operating Income (Loss)	34	17	24	79	145	161	229	150	203	218	250	262	329

Liquidity (USD)

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	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
Cash Ratio	- -	0.23	0.1	0.06	0.87	0.6	1.53	0.49	1.04	1.3	1.23	2.03	1.16
Current Ratio	- -	1.86	1.33	1.37	2.2	2.02	3.13	2.27	2.66	2.77	2.81	3.98	5.36
Quick Ratio	- -	1.08	0.71	0.77	1.57	1.31	2.37	1.39	1.93	2.11	2.19	3.06	2.08
CFO/Avg Current Liab	- -	0.94	0.43	0.4	0.46	1.08	1.19	0.82	1.2	1.31	1.15	1.01	1.52
Common Equity/Total Assets	- -	30.2	22.66	16.87	0.5	0.72	2.56	3.39	4.67	7.61	11.33	13.91	17.05
Long-Term Debt/Equity (%)	- -	164.86	229.68	363.67	165.87	176.09	142.39	134.67	129.88	118.41	88.85	75.76	100.01
Long-Term Debt/Capital (%)	- -	61.8	67.51	76.93	88.02	96.42	93.1	91.53	88.67	83.23	75.69	70.95	71.93
Long-Term Debt/Total Assets (%)	- -	49.5	52.66	60.94	53.15	54.45	47.81	46.86	46.13	44.43	38.21	35.82	44.99
Total Debt/Equity (%)	- -	165.89	240.94	371.62	168.7	178.22	144.28	136.31	132.12	120.83	90.52	76.72	100.72
Total Debt/Capital (%)	- -	62.19	70.82	78.61	89.52	97.58	94.34	92.64	90.2	84.94	77.11	71.85	72.44
Total Debt/Total Assets (%)	- -	49.81	55.24	62.27	54.06	55.1	48.45	47.42	46.93	45.33	38.93	36.27	45.31
CFO/Total Liabilities	- -	6.93	6.89	5.56	6.03	12.74	11.61	8.32	12.86	15.19	14.98	12.66	15.49
CFO/CapEx	0.6	1.37	1.01	1.04	1.1	1.6	1.5	0.95	1.9	2.31	1.71	1.07	1.72
Altman's Z-Score	- -	0.9	0.71	0.98	1.54	1.76	2.08	1.53	1.93	1.88	2.7	2.56	2.69

Working Capital (USD)

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	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
Accounts Receivable Turnover	- -	18.19	9.03	9.86	9.89	10.44	12.17	12.92	11.63	11.1	10.6	10.25	11.17
Days Sales Outstanding	- -	20.06	40.43	37.02	36.92	34.97	30	28.25	31.38	32.88	34.42	35.6	32.68
Inventory Turnover	- -	15.34	7.15	8.53	8.2	7.45	7.49	7.41	7.86	8.45	9.11	8.97	8.21
Days Inventory Outstanding	- -	23.79	51.06	42.79	44.53	49	48.71	49.25	46.42	43.22	40.05	40.7	44.47
Accounts Payable Turnover	- -	26.16	10.18	11.95	12.59	13.49	14.51	14.58	14.61	14.39	13.79	15.46	16.62
Accounts Payable Turnover Days	- -	13.95	35.87	30.53	28.99	27.05	25.15	25.03	24.98	25.37	26.47	23.62	21.97
Cash Conversion Cycle	- -	29.9	55.62	49.27	52.46	56.92	53.56	52.48	52.82	50.72	48	52.69	55.18
Inventory to Cash Days	- -	-3.73	-10.62	-5.77	-7.61	-14.03	-18.72	-21	-15.04	-10.34	-5.63	-5.1	-11.79
Inventories	- -	93	96	112	130	158	184	214	205	200	181	212	241
Raw Materials	- -	81	83	101	110	116	142	171	164	158	150	171	188
Work In Process	- -	3	3	2	5	6	8	7	8	9	8	8	11
Finished Goods	- -	9	11	9	15	35	35	35	33	33	23	34	43
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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
Market Capitalization	- -	- -	- -	- -	771	1,638	3,417	1,381	2,682	2,294	4,722	3,404	4,578
- Cash & Cash Equivalents	- -	31	18	13	186	143	384	129	311	418	381	520	374
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1	1	1	140	18	13	14	17	18	10	13	10
+ Total Debt	- -	640	691	1,066	1,295	1,533	1,835	1,829	1,909	1,953	1,650	1,544	2,333
Enterprise Value	- -	610	674	1,055	2,019	3,045	4,882	3,096	4,297	3,847	6,002	4,440	6,547
Total Capital	- -	1,029	976	1,357	1,447	1,571	1,945	1,975	2,116	2,299	2,140	2,148	3,221
Total Debt/Capital (%)	- -	62.19	70.82	78.61	89.52	97.58	94.34	92.64	90.2	84.94	77.11	71.85	72.44
Total Debt / EV	- -	1.05	1.03	1.01	0.64	0.5	0.38	0.59	0.44	0.51	0.27	0.35	0.36
EV/Sales	- -	0.66	0.74	0.88	1.41	1.87	2.53	1.47	1.93	1.65	2.49	1.84	2.5
EV/EBITDA	- -	6.81	6.52	6.06	7.49	9.45	11.58	8.63	10.09	8.64	12.36	9.36	11.78
EV/EBIT	- -	35.06	27.84	13.43	13.97	18.86	21.35	20.66	21.18	17.68	23.97	16.94	19.89
EV/Cash Flow to Firm	- -	5.27	5.55	8.75	19.74	8.58	23.71	12.22	10.03	7.37	13.84	12.67	12.53
EV/Free Cash Flow to Firm	- -	3.78	3.6	5.36	10.56	5.99	12.2	6.53	7.09	5.5	9.3	7.19	8.41
Diluted Market Cap	- -	- -	- -	- -	1,781	1,649	3,442	1,393	2,693	2,302	4,766	3,425	4,607
Diluted Enterprise Value	- -	610	674	1,055	3,029	3,056	4,907	3,108	4,308	3,855	6,045	4,461	6,575
EV per Share	- -	25.15	27.78	43.46	50.61	42.9	44.16	27.34	37.65	33.12	50.16	37.03	55
TTM Sales	789	926	916	1,204	1,432	1,626	1,933	2,101	2,222	2,332	2,410	2,413	2,619
TTM EBITDA	99	90	103	174	270	322	422	359	426	445	486	475	556
TTM Operating Income	34	17	24	79	145	161	229	150	203	218	250	262	329
TTM Cash Flow to Firm	184	116	121	121	102	355	206	253	428	522	434	350	523
TTM Free Cash Flow to Firm	223	161	187	197	191	509	400	474	606	699	646	617	778

Multiples (USD)

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	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
Price/Free Cash Flow	- -	- -	- -	- -	9.52	4.14	7.08	3.24	5.23	3.93	8.3	6.22	6.63
EV/EBIT	- -	35.06	27.84	13.43	13.97	18.86	21.35	20.66	21.18	17.68	23.97	16.94	19.89
Enterprise Value	- -	610	674	1,055	2,019	3,045	4,882	3,096	4,297	3,847	6,002	4,440	6,547
Low Price	- -	- -	- -	- -	16.89	12.65	21.6	11.06	11.59	7.38	19.26	21.62	25.43
EV/Sales	- -	0.66	0.74	0.88	1.41	1.87	2.53	1.47	1.93	1.65	2.49	1.84	2.5
EV/EBITDA	- -	6.81	6.52	6.06	7.49	9.45	11.58	8.63	10.09	8.64	12.36	9.36	11.78
Price/Earnings	- -	- -	- -	- -	27.81	44.52	28.05	40.73	45.4	16.62	31.03	12.51	16.02
Price/Earnings Average	- -	- -	- -	- -	32.21	37.24	24.51	78.61	35.82	14.38	24.81	12.58	13.69
Price/Earnings High	- -	- -	- -	- -	39.64	46.89	29.08	111.89	47.91	20.85	32.05	17.96	16.47
Price/Earnings Low	- -	- -	- -	- -	24.32	24.41	19.6	36.96	22.4	6.22	15.14	9.53	10.59
Price/Book Value	- -	- -	- -	- -	63.92	81.92	35.25	10.55	14.12	6.99	9.84	5.75	5.21
Price/Book Value Average	- -	- -	- -	- -	74.04	68.53	30.8	20.37	11.14	6.05	7.86	5.78	4.46
Price/Book Value High	- -	- -	- -	- -	91.14	86.29	36.54	28.99	14.9	8.77	10.16	8.26	5.36
Price/Book Value Low	- -	- -	- -	- -	55.91	44.91	24.64	9.58	6.96	2.62	4.8	4.38	3.45
Price/Tangible Book Value	- -	- -	- -	- -	4.93	27.37	15.64	10.49	12.1	6.25	8	4.21	4.47
Price/Tangible Book Value Average	- -	- -	- -	- -	5.71	22.89	13.66	20.24	9.55	5.4	6.4	4.24	3.82
Price/Tangible Book Value High	- -	- -	- -	- -	7.02	28.83	16.21	28.81	12.77	7.83	8.27	6.05	4.6
Price/Tangible Book Value Low	- -	- -	- -	- -	4.31	15	10.93	9.52	5.97	2.34	3.91	3.21	2.96
Price/Sales	- -	- -	- -	- -	0.54	1.01	1.77	0.66	1.21	0.98	1.96	1.41	1.75
Price/Sales Average	- -	- -	- -	- -	0.62	0.84	1.54	1.27	0.95	0.85	1.57	1.42	1.49
Price/Sales High	- -	- -	- -	- -	0.77	1.06	1.83	1.81	1.27	1.23	2.02	2.03	1.8
Price/Sales Low	- -	- -	- -	- -	0.47	0.55	1.24	0.6	0.6	0.37	0.96	1.07	1.16
Price/Cash Flow	- -	- -	- -	- -	7.85	6.69	11.7	6.6	7.95	5.61	13.05	11.98	10.43
Price/Cash Flow Average	- -	- -	- -	- -	9.09	5.59	10.22	12.73	6.27	4.85	10.43	12.05	8.92
Price/Cash Flow High	- -	- -	- -	- -	11.19	7.04	12.12	18.12	8.39	7.03	13.48	17.2	10.73
Price/Cash Flow Low	- -	- -	- -	- -	6.86	3.67	8.17	5.98	3.92	2.1	6.37	9.13	6.9
Price/Free Cash Flow Average	- -	- -	- -	- -	11.02	3.46	6.18	6.25	4.13	3.4	6.64	6.25	5.67
Price/Free Cash Flow High	- -	- -	- -	- -	13.57	4.36	7.34	8.9	5.52	4.92	8.58	8.93	6.82
Price/Free Cash Flow Low	- -	- -	- -	- -	8.32	2.27	4.95	2.94	2.58	1.47	4.05	4.74	4.39
EV/Sales Average	- -	0.66	0.74	0.88	1.5	1.71	2.3	2.09	1.68	1.52	2.1	1.85	2.25
EV/Sales High	- -	0.66	0.74	0.88	1.64	1.93	2.59	2.62	2	1.9	2.56	2.46	2.55
EV/Sales Low	- -	0.66	0.74	0.88	1.34	1.42	1.99	1.41	1.32	1.03	1.49	1.5	1.91
EV/EBITDA Average	- -	6.81	6.52	6.06	7.94	8.62	10.55	12.21	8.76	7.94	10.41	9.4	10.59
EV/EBITDA High	- -	6.81	6.52	6.06	8.71	9.72	11.87	15.36	10.44	9.94	12.68	12.48	12.02
EV/EBITDA Low	- -	6.81	6.52	6.06	7.13	7.16	9.14	8.28	6.9	5.41	7.38	7.65	8.99
EV/EBIT Average	- -	35.06	27.84	13.43	14.81	17.2	19.47	29.22	18.39	16.26	20.19	17.02	17.87
EV/EBIT High	- -	35.06	27.84	13.43	16.24	19.4	21.9	36.75	21.91	20.36	24.59	22.61	20.29
EV/EBIT Low	- -	35.06	27.84	13.43	13.3	14.28	16.85	19.8	14.48	11.08	14.31	13.85	15.18
Last Price	- -	- -	- -	- -	19.32	23.07	30.91	12.19	23.5	19.74	39.47	28.39	38.46
High Price	- -	- -	- -	- -	27.54	24.3	32.05	33.49	24.8	24.76	40.77	40.77	39.56
Enterprise Value Average	- -	610	674	1,055	2,141	2,777	4,450	4,381	3,730	3,538	5,055	4,459	5,883
Enterprise Value High	- -	610	674	1,055	2,347	3,132	5,007	5,509	4,445	4,430	6,157	5,924	6,678
Enterprise Value Low	- -	610	674	1,055	1,923	2,305	3,853	2,968	2,938	2,411	3,584	3,628	4,996

	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
Shares Outstanding	- -	24	24	24	52	99	112	114	115	116	121	118	120
Diluted Weighted Avg Shares	25	25	25	24	92	71	111	114	115	117	121	121	120
Basic Weighted Avg Shares	24	24	24	24	40	71	111	113	114	116	120	120	119
Revenue per Share	32.52	38.17	37.76	49.63	35.9	22.91	17.48	18.55	19.47	20.08	20.14	20.12	22
EBITDA per Share	4.09	3.69	4.26	7.17	6.76	4.54	3.81	3.17	3.73	3.83	4.06	3.96	4.67
Operating Income per Share	1.41	0.72	1	3.24	3.62	2.27	2.07	1.32	1.78	1.87	2.09	2.19	2.76
Basic EPS, GAAP	-0.44	-2.16	-4.4	- -	0.69	0.52	1.1	0.3	0.52	1.19	1.27	2.27	2.4
Basic EPS from Cont Ops	-0.2	-1.94	-4.25	-0.26	-0.02	0.65	1.14	0.32	0.54	1.22	1.29	2.3	2.43
Diluted EPS, GAAP	-0.44	-2.13	-4.32	- -	0.3	0.51	1.09	0.3	0.52	1.18	1.26	2.26	2.39
Diluted EPS from Cont Ops	-0.2	-1.9	-4.18	-0.26	-0.01	0.65	1.13	0.32	0.53	1.21	1.28	2.29	2.42
Dividend per Share	- -	- -	- -	- -	0.72	0.18	0.02	- -	- -	- -	- -	0.01	- -
Cash Flow per Share	0.96	2.57	2.74	3.27	2.46	3.45	2.64	1.85	2.95	3.52	3.02	2.37	3.69
Free Cash Flow per Basic Share	-0.63	0.69	0.02	0.13	0.23	1.29	0.89	-0.1	1.4	1.99	1.25	0.14	1.54
Cash & Equivalents per Share	- -	1.27	0.75	0.54	4.67	2.02	3.47	1.13	2.73	3.6	3.18	4.34	3.14
Book Value per Share	- -	15.99	11.68	11.91	0.3	0.28	0.88	1.16	1.66	2.82	4.01	4.94	7.37
Tangible Book Value per Share	- -	8.16	5.96	-6.18	3.92	0.84	1.98	1.16	1.94	3.16	4.93	6.74	8.6

Summit Materials, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)