Firsthand Technology Value Fund, Inc. Financial Ratios — SVVC

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	2024 Y
Return on Common Equity (%)	- -	-252,061.92	571,383.99	546.41	-483.85	-325,909.26	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-10.8	21.71	6.03	-6.43	-15.08	16.01	10.22	-37.61	-19.22	-7.02	-89.79	-119.76	-3.77
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	73.01	100	100	100	100	100	100
EBITDA Margin (%)	- -	22.87	-8.55	-22.41	18.97	16.51	-9.65	-33.43	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	22.87	-8.55	-22.41	18.97	16.51	-9.65	-33.43	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	79.99	- -	- -	-6.21	11.65	- -	- -	-9.37	- -	- -	- -	- -	- -
Pretax Margin (%)	104.58	104.97	97.37	66.68	91.72	106.16	89.39	68.93	88.81	104.62	116.28	101.69	95.4	9.72
Profit Margin (%)	104.58	104.97	97.37	66.68	91.72	106.16	89.39	70.85	89.56	104.62	116.28	101.69	95.4	9.72
Net Income to Common Margin (%)	104.58	104.97	97.37	66.68	91.72	106.16	89.39	70.85	89.56	104.62	116.28	101.69	95.4	9.72
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	5.72	332.57	- -	- -	- -	1.24	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-252,061.92	538,727.56	-1,270.78	-483.85	-325,909.26	- -	- -	- -	- -	- -	- -	- -	- -

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	2024 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	41.35	18.81	12.85	0.26	0.5	0.04	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	41.35	18.81	12.85	0.26	0.5	0.04	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	- -	2.22	- -	- -	-3.83	6.05	-39.47	-69.21	-79.88	-363.55	-1,992.54	-9,785.52
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-76.28	-69.84	-32.38	-32.91	-0.44	-1.3	-0.06	- -	- -	- -	- -	-0.01	-0.22	-0.24
Net Debt/Capital (%)	100.01	100.01	100.01	109.25	101.01	100.39	1.6	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	-3	-4	-5	-3	-4	-3	-9	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	-3	-4	-5	-3	-4	-3	-9	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	-3	-4	-5	-3	-4	-3	-9	- -	- -	- -	- -	- -	- -

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	2024 Y
Cash Ratio	- -	120.12	8.29	1.28	0.7	1.38	0.04	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	121.01	8.47	1.34	4.77	1.97	0.69	0.19	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	121.01	8.47	1.34	3.86	1.97	0.69	0.19	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	-95.59	-11.5	1.54	-1.76	2.55	-0.35	0.29	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	- -	- -	2.22	- -	- -	-3.83	6.05	-39.47	-69.21	-79.88	-363.55	-1,992.54	-9,785.52
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	-1,647.94	-4,779.74	-640.42	91.22	-4,426.82	226.27	-26.13	10.4	- -	35.19	-0.01	0.04	-0.01	-0.03
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	32.91	76.13	9.81	2	34.38	24.38	14.13	2.44	6.11	2.1	0.92	-6.25	-31.22	-137.81

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	2024 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	41.4	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	8.82	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	-8.82	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	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	38	143	156	167	63	58	65	83	46	31	28	7	2	- -
- Cash & Cash Equivalents	64	137	83	69	1	2	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	- -	- -	- -	6	- -	- -	-7	13	-52	-75	-82	-146	-176	-176
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	38	143	156	167	63	58	65	83	46	31	28	7	2	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	-10	-14	52	24	-15	-23	29	28	-72	-22	-6	-63	-31	-2
TTM EBITDA	- -	-3	-4	-5	-3	-4	-3	-9	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	-3	-4	-5	-3	-4	-3	-9	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-11	-54	-64	49	-48	3	-1	2	- -	2	- -	- -	- -	- -
TTM Free Cash Flow to Firm	-11	-54	-64	49	-48	3	-1	2	- -	2	- -	- -	- -	- -

Multiples (USD)

API Chat

	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	-3.34	-2.63	-2.43	3.41	-1.3	18.13	-89.78	38.84	- -	15.49	-37,979.12	1,915.37	-3,234.5	-1,620.69
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Low Price	12.5	14.33	17.46	18.05	6.96	6.41	7.29	8.86	5.45	2.72	3.86	0.89	0.17	0.04
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	3.1	10.45	- -	- -	2.49	4.18	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-3.91	-11.12	2.75	9.84	-6.56	-2.27	2.26	4.7	-1.08	-1.35	-5.07	-0.25	-0.16	-4.71
Price/Earnings High	-9.06	-33.21	4.6	14.19	-10.33	-2.65	2.51	6.62	-1.69	-2.07	-6.89	-0.45	-0.27	-11.5
Price/Earnings Low	-4.05	-10.24	3.04	10.14	-3.78	-1.95	2.03	3.31	-0.61	-0.82	-3.61	-0.1	-0.04	-1.26
Price/Book Value	10,849.92	16,737.24	17,202.04	28.59	8,134.26	7,739.1	-9.61	6.46	-0.89	-0.42	-0.34	-0.04	-0.01	- -
Price/Book Value Average	12,092.68	19,740.73	15,261.81	26.92	12,058.88	7,543.51	-8.72	7.27	-1.35	-0.41	-0.46	-0.11	-0.03	-0.01
Price/Book Value High	28,001.64	58,964.48	25,551.65	38.83	18,969.41	8,792.64	-9.68	10.24	-2.11	-0.64	-0.62	-0.2	-0.05	-0.01
Price/Book Value Low	12,505.2	18,171.21	16,886.14	27.75	6,948.79	6,485.71	-7.84	5.11	-0.76	-0.25	-0.32	-0.04	-0.01	- -
Price/Tangible Book Value	0.45	0.73	0.61	0.8	0.36	0.39	0.37	0.43	0.36	0.3	0.29	0.21	1.64	0.39
Price/Tangible Book Value Average	0.51	0.86	0.54	0.75	0.53	0.38	0.34	0.49	0.55	0.3	0.4	0.52	3.67	0.89
Price/Tangible Book Value High	1.17	2.58	0.9	1.08	0.83	0.44	0.38	0.69	0.86	0.47	0.54	0.95	6.29	2.17
Price/Tangible Book Value Low	0.52	0.79	0.6	0.77	0.3	0.32	0.31	0.34	0.31	0.18	0.28	0.2	0.9	0.24
Price/Sales	-3.67	-9.9	3.02	6.97	-4.06	-2.48	2.22	2.96	-0.64	-1.41	-4.36	-0.1	-0.07	-0.2
Price/Sales Average	-4.09	-11.67	2.68	6.56	-6.02	-2.41	2.02	3.33	-0.97	-1.41	-5.9	-0.25	-0.15	-0.46
Price/Sales High	-9.47	-34.86	4.48	9.46	-9.47	-2.81	2.24	4.69	-1.52	-2.17	-8.01	-0.46	-0.26	-1.12
Price/Sales Low	-4.23	-10.74	2.96	6.76	-3.47	-2.07	1.82	2.34	-0.54	-0.86	-4.19	-0.1	-0.04	-0.12
Price/Cash Flow	-3.34	-2.63	-2.43	3.41	-1.3	18.13	-89.78	38.84	- -	15.49	-37,979.12	1,915.37	-3,234.5	-1,620.69
Price/Cash Flow Average	-3.72	-3.1	-2.15	3.21	-1.93	17.67	-81.45	43.68	- -	15.48	-51,394.39	4,696.66	-7,242.92	-3,720.12
Price/Cash Flow High	-8.62	-9.27	-3.61	4.63	-3.03	20.6	-90.43	61.51	- -	23.77	-69,802.03	8,501.06	-12,398.92	-9,076.91
Price/Cash Flow Low	-3.85	-2.86	-2.38	3.31	-1.11	15.19	-73.25	30.72	- -	9.42	-36,558.46	1,795.34	-1,781.13	-994.51
Price/Free Cash Flow Average	-3.72	-3.1	-2.15	3.21	-1.93	17.67	-81.45	43.68	- -	15.48	-51,394.39	4,696.66	-7,242.92	-3,720.12
Price/Free Cash Flow High	-8.62	-9.27	-3.61	4.63	-3.03	20.6	-90.43	61.51	- -	23.77	-69,802.03	8,501.06	-12,398.92	-9,076.91
Price/Free Cash Flow Low	-3.85	-2.86	-2.38	3.31	-1.11	15.19	-73.25	30.72	- -	9.42	-36,558.46	1,795.34	-1,781.13	-994.51
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	10.85	13.2	17.79	18.6	8.15	7.65	8.94	11.2	6.43	4.47	4.01	0.95	0.3	0.06
High Price	27.99	46.5	26.42	25.26	19	8.69	9	17.74	15.22	6.86	7.37	4.2	1.15	0.34
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

	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	3	9	9	9	8	7	7	7	7	7	7	7	7	7
Diluted Weighted Avg Shares	3	11	9	9	8	8	7	7	7	7	7	7	7	7
Basic Weighted Avg Shares	3	11	9	9	8	8	7	7	7	7	7	7	7	7
Revenue per Share	-2.95	-1.33	5.9	2.67	-2.01	-3.09	4.02	3.78	-10.04	-3.16	-0.92	-9.15	-4.47	-0.31
EBITDA per Share	- -	-0.31	-0.5	-0.6	-0.38	-0.51	-0.39	-1.26	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	-0.31	-0.5	-0.6	-0.38	-0.51	-0.39	-1.26	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-3.09	-1.4	5.74	1.78	-1.84	-3.28	3.59	2.68	-8.99	-3.31	-1.07	-9.31	-4.26	-0.03
Basic EPS from Cont Ops	-3.09	-1.4	5.74	1.78	-1.84	-3.28	3.59	2.68	-8.99	-3.31	-1.07	-9.31	-4.26	-0.03
Diluted EPS, GAAP	-3.09	-1.4	5.74	1.78	-1.84	-3.28	3.59	2.68	-8.99	-3.31	-1.07	-9.31	-4.26	-0.03
Diluted EPS from Cont Ops	-3.09	-1.4	5.74	1.78	-1.84	-3.28	3.59	2.68	-8.99	-3.31	-1.07	-9.31	-4.26	-0.03
Dividend per Share	- -	- -	0.33	5.92	- -	- -	- -	0.03	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-3.25	-5.02	-7.33	5.46	-6.27	0.42	-0.1	0.29	- -	0.29	- -	- -	- -	- -
Free Cash Flow per Basic Share	-3.25	-5.02	-7.33	5.46	-6.27	0.42	-0.1	0.29	- -	0.29	- -	- -	- -	- -
Cash & Equivalents per Share	18.24	12.61	9.48	7.69	0.1	0.26	0.02	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	0.65	- -	- -	-0.93	1.73	-7.2	-10.76	-11.88	-21.21	-25.48	-26.4
Tangible Book Value per Share	23.91	18.06	29.28	23.36	22.83	19.81	23.86	25.84	17.71	14.73	13.72	4.44	0.18	0.16

Firsthand Technology Value Fund, Inc.

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Per Share Data Items (USD)