Tapinator, Inc. Financial Ratios — TAPM Stock

Profitability (USD)

	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	24.66	- -	- -	- -	- -
Return on Assets (%)	- -	-197.43	61.7	-0.25	-2.67	- -	0.97	-88.77	-94.66	-183.64	-147.8
Return on Capital (%)	- -	- -	161.52	- -	- -	- -	4.36	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	-16.43	- -	- -	- -	18.2	- -	- -	- -	- -
Gross Margin (%)	16.18	- -	- -	100	36.66	- -	69.96	69.55	68.7	67.1	69.22
EBITDA Margin (%)	-40.23	- -	- -	100	-137.52	- -	10.79	19.87	21.61	2.08	-60.3
Operating Margin (%)	-45.12	- -	- -	100	-137.52	- -	6.57	-12.63	-0.3	-21.2	-82.02
Incremental Operating Margin (%)	- -	-8.74	- -	-3,704.67	- -	-137.52	6.57	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	100	-137.52	- -	0.9	-78.44	-62.69	-117.47	-104.32
Profit Margin (%)	-45.12	- -	- -	100	-137.52	- -	0.84	-78.59	-62.88	-117.47	-104.32
Net Income to Common Margin (%)	-45.12	- -	- -	100	-137.52	- -	0.84	-78.59	-62.88	-117.47	-104.32
Effective Tax Rate (%)	- -	- -	20	- -	- -	- -	7.21	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	24.66	- -	- -	- -	- -

Credit (USD)

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	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Total Debt	- -	- -	1	1	1	- -	- -	1	1	1	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -
LT Debt	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	-2.06	-40.98	-22.71	- -	2	1.46	0.79	20.11	- -
Net Debt/EBITDA	0.06	0.53	-2.06	-40.98	-22.63	- -	0.81	-1.6	0.05	16.34	0.5
Total Debt/EBIT	- -	- -	-1.48	-40.98	-22.71	- -	3.29	-2.3	-56.61	-1.98	- -
Net Debt/EBIT	0.05	0.53	-1.47	-40.98	-22.63	- -	1.33	2.51	-3.95	-1.61	0.37
EBITDA to Interest Expense	- -	- -	-14.2	- -	- -	- -	6.38	2.21	1.78	0.03	-5.41
EBITDA-CapEx/Interest Expense	- -	- -	-14.2	- -	- -	- -	5.33	2.16	1.75	0.03	-5.42
EBIT to Interest Expense	- -	- -	-19.85	- -	- -	- -	3.89	-1.41	-0.02	-0.34	-7.36
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -
Common Equity/Total Assets	-63.26	-944.58	30.97	-254.02	-189.17	29.4	2.87	-67.87	-192.62	-433.18	-488.2
Long-Term Debt/Equity (%)	- -	- -	17.85	232.67	110.33	- -	50.23	22.26	42.45	- -	- -
Long-Term Debt/Capital (%)	- -	- -	19.61	-41.7	-42.05	- -	19.95	-33.54	-13.26	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	7.63	69.94	52.46	- -	12.99	14.15	21.71	- -	- -
Total Debt/Equity (%)	- -	- -	17.85	232.67	110.33	- -	50.23	40.43	56.6	-478.41	- -
Total Debt/Capital (%)	- -	- -	19.61	-41.7	-42.05	- -	19.95	-60.91	-17.69	-20.28	- -
Total Debt/Total Assets (%)	- -	- -	7.63	69.94	52.46	- -	12.99	25.69	28.95	72.11	- -
Net Debt to Equity	-2.94	53	17.82	232.67	109.96	-57.24	20.25	-44.21	3.95	-388.77	-74.57
Net Debt/Capital (%)	3.63	9.57	19.58	-41.7	-41.85	-191.78	9.13	29.27	-1.06	-15.87	7.42
EBITDA	- -	- -	-1	- -	- -	- -	- -	- -	1	- -	-2
EBITDA-CapEx	- -	- -	-1	- -	- -	- -	- -	- -	1	- -	-2
Operating Income (Loss)	- -	- -	-1	- -	- -	- -	- -	- -	- -	-1	-2

Liquidity (USD)

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	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Cash Ratio	0.13	0.35	- -	- -	- -	0.29	0.65	2.41	0.99	0.12	1.05
Current Ratio	4.94	0.35	0.04	- -	- -	1.33	1.36	3.2	1.63	0.36	1.58
Quick Ratio	4.94	0.35	- -	- -	- -	1.33	1.36	3.11	1.54	0.28	1.32
CFO/Avg Current Liab	- -	-0.06	15.66	- -	- -	- -	1.19	0.75	1.46	0.2	0.23
Common Equity/Total Assets	-63.26	-944.58	30.97	-254.02	-189.17	29.4	2.87	-67.87	-192.62	-433.18	-488.2
Long-Term Debt/Equity (%)	- -	- -	17.85	232.67	110.33	- -	50.23	22.26	42.45	- -	- -
Long-Term Debt/Capital (%)	- -	- -	19.61	-41.7	-42.05	- -	19.95	-33.54	-13.26	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	7.63	69.94	52.46	- -	12.99	14.15	21.71	- -	- -
Total Debt/Equity (%)	- -	- -	17.85	232.67	110.33	- -	50.23	40.43	56.6	-478.41	- -
Total Debt/Capital (%)	- -	- -	19.61	-41.7	-42.05	- -	19.95	-60.91	-17.69	-20.28	- -
Total Debt/Total Assets (%)	- -	- -	7.63	69.94	52.46	- -	12.99	25.69	28.95	72.11	- -
CFO/Total Liabilities	-263.27	-4.14	114.14	- -	- -	- -	11.71	29.74	82.46	13.08	32.18
CFO/CapEx	- -	- -	- -	- -	- -	- -	8.14	29.19	60.57	69.08	154.3
Altman's Z-Score	-0.49	9.04	27.42	-3.63	-3.66	-0.13	6.2	2.15	-0.8	329.55	159.22

Working Capital (USD)

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	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	11.44	8.74	9.87	9.52	10.24
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	31.89	41.77	36.98	38.33	35.64
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	8.5	5.87	6.44	6.44	5.6
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	42.94	62.18	56.68	56.71	65.19
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	-11.04	-20.41	-19.69	-18.38	-29.55
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	31.89	41.77	36.98	38.33	35.64
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Market Capitalization	- -	1	450	- -	- -	- -	4	3	2	1,206	307
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	1	1	- -	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	1	1	1	- -	- -	1	1	1	- -
Enterprise Value	- -	1	451	1	1	- -	5	3	2	1,207	306
Total Capital	- -	- -	7	-2	-2	- -	1	-1	-4	-6	-11
Total Debt/Capital (%)	- -	- -	19.61	-41.7	-42.05	- -	19.95	-60.91	-17.69	-20.28	- -
Total Debt / EV	- -	- -	- -	0.81	0.77	- -	0.04	0.28	0.34	- -	- -
EV/Sales	- -	- -	- -	- -	40.6	- -	5.57	1.04	0.5	384.32	106.6
EV/EBITDA	- -	- -	- -	- -	- -	- -	51.68	5.23	2.31	18,439.77	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	84.9	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	39.78	- -	- -	- -	34.81	4.89	1.39	545.63	462.93
EV/Free Cash Flow to Firm	- -	- -	39.78	- -	- -	- -	31.34	4.79	1.38	544.66	461.39
Diluted Market Cap	- -	1	450	- -	- -	- -	4	3	2	1,206	307
Diluted Enterprise Value	- -	1	451	1	1	- -	5	3	2	1,207	306
EV per Share	- -	1,907.04	12,839.02	- -	552.07	- -	3.06	1.42	1.04	660.64	107.69
TTM Sales	- -	- -	- -	- -	- -	- -	1	2	4	3	3
TTM EBITDA	- -	- -	-1	- -	- -	- -	- -	- -	1	- -	-2
TTM Operating Income	- -	- -	-1	- -	- -	- -	- -	- -	- -	-1	-2
TTM Cash Flow to Firm	- -	- -	11	- -	- -	- -	- -	1	1	2	1
TTM Free Cash Flow to Firm	- -	- -	11	- -	- -	- -	- -	1	1	2	1

Multiples (USD)

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	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Price/Free Cash Flow	- -	-1,239.37	39.79	- -	- -	- -	29.09	10.7	2.02	4,325.39	894.23
EV/EBIT	- -	- -	- -	- -	- -	- -	84.9	- -	- -	- -	- -
Enterprise Value	- -	1	451	1	1	- -	5	3	2	1,207	306
Low Price	- -	1,920	1,824	48	32	0.06	0.06	0.98	0.96	0.45	62
EV/Sales	- -	- -	- -	- -	40.6	- -	5.57	1.04	0.5	384.32	106.6
EV/EBITDA	- -	- -	- -	- -	- -	- -	51.68	5.23	2.31	18,439.77	- -
Price/Earnings	- -	- -	84.26	- -	- -	- -	557.95	- -	- -	- -	- -
Price/Earnings Average	- -	-24.12	45.72	- -	-2.32	- -	771.26	-1.74	-1.14	-80.96	-502.39
Price/Earnings High	- -	-24.12	136.93	- -	-3.42	- -	3,487.19	-3.83	-1.65	-479.25	-2,732.49
Price/Earnings Low	- -	-24.12	12.01	- -	-1.71	- -	13.95	-0.91	-0.73	-0.22	-58.82
Price/Book Value	- -	-15.69	83.99	- -	-0.02	- -	97.6	-1.77	-0.43	-152.46	-28.22
Price/Book Value Average	- -	-15.69	45.57	- -	-0.03	- -	134.91	-1.78	-0.64	-37.76	-138.37
Price/Book Value High	- -	-15.69	136.48	- -	-0.04	- -	609.99	-3.93	-0.92	-223.54	-752.62
Price/Book Value Low	- -	-15.69	11.97	- -	-0.02	- -	2.44	-0.93	-0.4	-0.1	-16.2
Price/Tangible Book Value	- -	-78.53	61.3	- -	0.44	- -	-2.7	3.29	-34.24	-926.49	1,060.14
Price/Tangible Book Value Average	- -	-78.53	33.26	- -	0.6	- -	-3.74	3.3	-50.62	-229.5	5,197.74
Price/Tangible Book Value High	- -	-78.53	99.62	- -	0.88	- -	-16.9	7.3	-73.19	-1,358.5	28,270.39
Price/Tangible Book Value Low	- -	-78.53	8.74	- -	0.44	- -	-0.07	1.73	-32.23	-0.64	608.6
Price/Sales	- -	- -	- -	- -	2.35	- -	4.67	1.36	0.49	383.95	106.9
Price/Sales Average	- -	- -	- -	- -	3.18	- -	6.45	1.36	0.72	95.11	524.12
Price/Sales High	- -	- -	- -	- -	4.71	- -	29.17	3.01	1.04	562.98	2,850.66
Price/Sales Low	- -	- -	- -	- -	2.35	- -	0.12	0.71	0.46	0.26	61.37
Price/Cash Flow	- -	-1,239.37	39.79	- -	- -	- -	32.31	11.07	2.06	4,388.01	900.02
Price/Cash Flow Average	- -	-1,239.37	21.59	- -	- -	- -	44.66	11.13	3.04	1,086.95	4,412.71
Price/Cash Flow High	- -	-1,239.37	64.66	- -	- -	- -	201.93	24.58	4.39	6,434.08	24,000.66
Price/Cash Flow Low	- -	-1,239.37	5.67	- -	- -	- -	0.81	5.83	1.94	3.02	516.68
Price/Free Cash Flow Average	- -	-1,239.37	21.59	- -	- -	- -	40.21	10.76	2.99	1,071.44	4,384.3
Price/Free Cash Flow High	- -	-1,239.37	64.66	- -	- -	- -	181.8	23.77	4.32	6,342.27	23,846.12
Price/Free Cash Flow Low	- -	-1,239.37	5.67	- -	- -	- -	0.73	5.64	1.9	2.98	513.35
EV/Sales Average	- -	- -	- -	- -	41.43	- -	7.36	1.05	0.73	95.48	523.81
EV/Sales High	- -	- -	- -	- -	42.95	- -	30.08	2.69	1.05	563.35	2,850.36
EV/Sales Low	- -	- -	- -	- -	40.6	- -	1.02	0.4	0.47	0.64	61.07
EV/EBITDA Average	0.06	-77.48	-384.11	-50.56	-30.13	- -	68.22	5.27	3.39	4,581.16	-868.73
EV/EBITDA High	0.06	-77.48	-1,146.04	-50.56	-31.23	- -	278.85	13.56	4.87	27,029.67	-4,727.23
EV/EBITDA Low	0.06	-77.48	-102.46	-50.56	-29.52	- -	9.49	2	2.18	30.54	-101.27
EV/EBIT Average	0.05	-77.48	-274.82	-50.56	-30.13	- -	112.07	-8.28	-243.44	-450.31	-638.61
EV/EBIT High	0.05	-77.48	-819.97	-50.56	-31.23	- -	458.09	-21.32	-350.22	-2,656.91	-3,475.04
EV/EBIT Low	0.05	-77.48	-73.31	-50.56	-29.52	- -	15.59	-3.14	-156.44	-3	-74.45
Last Price	- -	1,920	12,800	64	32	0.06	2.56	1.86	1.02	660	108
High Price	- -	1,920	20,800	4,000	64	64	16	4.13	2.18	967.75	2,880
Enterprise Value Average	- -	1	246	1	1	- -	7	3	3	300	1,505
Enterprise Value High	- -	1	733	1	1	- -	28	7	4	1,770	8,187
Enterprise Value Low	- -	1	66	1	1	- -	1	1	2	2	175

	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Shares Outstanding	- -	- -	- -	- -	- -	1	2	- -	2	2	3
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	2	2	2	2	3
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	2	2	2	2	3
Revenue per Share	66.03	- -	- -	- -	13.6	- -	0.55	1.37	2.1	1.72	1.01
EBITDA per Share	-26.56	-24.61	-18.18	- -	-18.7	- -	0.06	0.27	0.45	0.04	-0.61
Operating Income per Share	-29.79	-24.61	-25.41	- -	-18.7	- -	0.04	-0.17	-0.01	-0.36	-0.83
Basic EPS, GAAP	-29.79	-79.6	151.91	- -	-18.7	- -	- -	-1.08	-1.32	-2.02	-1.05
Basic EPS from Cont Ops	- -	-79.6	151.91	- -	-18.7	- -	- -	-1.08	-1.32	-2.02	-1.05
Diluted EPS, GAAP	-29.79	-79.6	151.91	- -	-18.7	- -	- -	-1.08	-1.32	-2.02	-1.05
Diluted EPS from Cont Ops	- -	-79.6	151.91	- -	-18.7	- -	- -	-1.08	-1.32	-2.02	-1.05
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-32.6	-1.55	321.7	- -	- -	- -	0.08	0.17	0.5	0.15	0.12
Free Cash Flow per Basic Share	-32.6	-1.55	321.7	- -	- -	- -	0.07	0.16	0.49	0.15	0.12
Cash & Equivalents per Share	1.58	12.96	0.06	- -	1.44	- -	0.07	0.83	0.33	0.14	0.31
Book Value per Share	-41.78	-122.41	152.41	- -	-1,531.26	- -	0.03	-1.05	-2.37	-4.33	-3.83
Tangible Book Value per Share	53.67	-24.45	208.79	- -	72.61	- -	-0.95	0.57	-0.03	-0.71	0.1

Tapinator, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)