Tennessee Valley Authority Financial Ratios — TVC Stock

Profitability (USD)

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Return on Common Equity (%)	- -	23.42	21.86	36.23	24.77	59.07	7.32	1.35	5.85	9.37	19.16	17.68	8.63	12.65
Return on Assets (%)	- -	0.95	1.12	2.3	1.88	2.35	0.36	0.13	0.58	1.02	2.35	2.48	1.36	2.27
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.75	7.68	7.82	5.92	6.87
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.95	6.87	6.93	5.71	6.67
Gross Margin (%)	66.63	63.71	63.19	59.78	57.84	40.68	63.24	65.52	64.89	35.66	43.36	44.12	39.27	47.69
EBITDA Margin (%)	34.67	36.29	34.69	35.87	34.91	39.77	27.27	28.94	28.99	31.22	39.01	39.64	34.81	43.32
Operating Margin (%)	16.56	17.45	15.94	21.04	17.53	20.62	12.14	11.59	13.26	14.27	20.13	21.91	18.39	20.58
Incremental Operating Margin (%)	- -	22.43	-6,950	60.25	-24.17	-70.6	-83.25	22.06	-57.95	75.14	-467.16	-28.68	-285.37	68.22
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.21	10.1	11.61	6.38	9.96
Profit Margin (%)	1.09	3.58	4.17	7.87	6.45	8.94	1.37	0.53	2.47	4.21	10.1	11.61	6.38	9.96
Net Income to Common Margin (%)	1.09	3.58	4.17	7.87	6.45	8.94	1.37	0.53	2.47	4.21	10.1	11.61	6.38	9.96
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	23.42	21.86	36.23	24.77	59.07	7.32	1.35	5.85	9.37	19.16	17.68	8.63	12.65

Credit (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Total Debt	24,056	24,013	23,683	23,972	24,043	24,777	24,431	26,791	26,881	25,578	25,645	25,816	25,774	24,118
ST Debt	5,197	3,398	1,555	2,269	1,315	1,109	2,019	4,271	2,563	1,735	1,178	3,082	3,852	2,370
LT Debt	18,859	20,615	22,128	21,703	22,728	23,668	22,412	22,520	24,318	23,843	24,467	22,734	21,922	21,748
Total Debt/EBITDA	8.9	7.2	7.43	6.44	6.12	5.73	7.57	8.25	8.46	7.36	5.98	6.13	6.9	4.96
Net Debt/EBITDA	8.28	6.71	7.04	6.02	5.71	5.34	7.41	7.46	7.72	7.01	5.76	5.91	6.68	4.8
Total Debt/EBIT	18.63	14.98	16.18	10.98	12.19	11.05	17	20.61	18.5	16.1	11.58	11.1	13.05	10.43
Net Debt/EBIT	17.33	13.95	15.33	10.26	11.37	10.3	16.65	18.62	16.87	15.35	11.16	10.69	12.63	10.1
EBITDA to Interest Expense	2.14	2.74	2.69	2.71	3.09	3.2	2.26	2.25	2.59	2.59	3.19	3.07	2.78	3.91
EBITDA-CapEx/Interest Expense	2.14	2.74	2.69	2.71	3.09	1.41	0.42	2	0.68	0.57	0.56	0.87	0.95	2.13
EBIT to Interest Expense	1.02	1.32	1.24	1.59	1.55	1.66	1	0.9	1.19	1.18	1.64	1.7	1.47	1.86
Interest Expense	1,261	1,215	1,184	1,376	1,272	1,353	1,431	1,444	1,226	1,344	1,347	1,371	1,346	1,243
Common Equity/Total Assets	3.61	4.53	5.72	6.92	8.22	- -	9.55	9.49	10.34	11.49	13.02	15.04	16.56	19.32
Long-Term Debt/Equity (%)	- -	- -	- -	- -	538.83	460.74	428.61	422.83	430.64	390.61	339.68	270	240.03	211.49
Long-Term Debt/Capital (%)	74.54	80.6	86.36	81.77	83.15	95.52	77.66	71.99	76.84	75.89	75.07	66.88	63.31	63.8
Long-Term Debt/Total Assets (%)	54.71	59.72	65.27	58.44	56.8	55.36	48.31	47.58	52.74	52.29	50.11	45.02	43.83	44.69
Total Debt/Equity (%)	- -	- -	- -	- -	570.01	482.32	467.22	503.02	476.02	419.04	356.03	306.6	282.21	234.54
Total Debt/Capital (%)	95.08	93.88	92.43	90.31	87.96	100	84.65	85.64	84.94	81.41	78.68	75.95	74.43	70.76
Total Debt/Total Assets (%)	69.78	69.56	69.86	64.55	60.08	57.95	52.66	56.6	58.3	56.1	52.52	51.13	51.53	49.56
Net Debt to Equity	- -	- -	- -	- -	531.98	449.6	457.53	454.56	434.18	399.52	343.32	295.39	273.22	226.98
Net Debt/Capital (%)	90.36	89.33	88.17	85.1	82.7	94.47	84.38	79.6	81.6	78.87	76.58	73.83	72.69	69.08
EBITDA	2,702	3,333	3,187	3,724	3,929	4,325	3,229	3,247	3,176	3,477	4,292	4,208	3,738	4,866
EBITDA-CapEx	2,702	3,333	3,187	3,724	3,929	1,909	596	2,886	838	767	750	1,198	1,280	2,650
Operating Income (Loss)	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,589	2,215	2,326	1,975	2,312

Liquidity (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Cash Ratio	0.08	0.1	0.05	0.05	0.05	0.09	0.1	0.12	0.32	0.11	0.08	0.05	0.05	0.06
Current Ratio	0.32	0.51	0.71	0.59	0.58	1.07	0.82	0.64	0.98	0.85	0.89	0.62	0.54	0.71
Quick Ratio	0.24	0.36	0.47	0.38	0.35	0.55	0.46	0.36	0.64	0.49	0.48	0.35	0.29	0.4
CFO/Avg Current Liab	- -	0.34	0.41	0.51	0.5	0.48	0.57	0.43	0.43	0.63	0.79	0.62	0.45	0.7
Common Equity/Total Assets	3.61	4.53	5.72	6.92	8.22	- -	9.55	9.49	10.34	11.49	13.02	15.04	16.56	19.32
Long-Term Debt/Equity (%)	- -	- -	- -	- -	538.83	460.74	428.61	422.83	430.64	390.61	339.68	270	240.03	211.49
Long-Term Debt/Capital (%)	74.54	80.6	86.36	81.77	83.15	95.52	77.66	71.99	76.84	75.89	75.07	66.88	63.31	63.8
Long-Term Debt/Total Assets (%)	54.71	59.72	65.27	58.44	56.8	55.36	48.31	47.58	52.74	52.29	50.11	45.02	43.83	44.69
Total Debt/Equity (%)	- -	- -	- -	- -	570.01	482.32	467.22	503.02	476.02	419.04	356.03	306.6	282.21	234.54
Total Debt/Capital (%)	95.08	93.88	92.43	90.31	87.96	100	84.65	85.64	84.94	81.41	78.68	75.95	74.43	70.76
Total Debt/Total Assets (%)	69.78	69.56	69.86	64.55	60.08	57.95	52.66	56.6	58.3	56.1	52.52	51.13	51.53	49.56
CFO/Total Liabilities	4.24	5.83	5.2	5.27	5.98	5.05	5.92	6.13	6.42	7.55	7.96	7.23	6.69	10.3
CFO/CapEx	- -	- -	- -	- -	- -	0.79	0.93	7.13	1.11	1.1	0.94	1.01	1.11	1.78
Altman's Z-Score	0.24	0.39	0.46	0.51	0.5	0.43	0.47	0.4	0.48	0.5	0.55	0.52	0.51	0.62

Working Capital (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Accounts Receivable Turnover	- -	7.62	6.53	7.27	8.31	7.39	7.04	6.62	6.93	7.26	7.14	6.75	6.98	7.46
Days Sales Outstanding	- -	47.91	55.86	50.24	43.91	49.38	51.86	55.17	52.64	50.31	51.15	54.05	52.27	48.9
Inventory Turnover	- -	6.32	5.46	5.79	5.45	13.43	8.47	3.64	3.52	6.67	5.97	5.86	6.34	5.8
Days Inventory Outstanding	- -	57.77	66.86	63.02	66.92	27.19	43.1	100.24	103.8	54.69	61.12	62.27	57.59	62.92
Accounts Payable Turnover	- -	4.21	3.67	8.58	- -	- -	- -	- -	- -	7.03	2.99	2.75	3.21	2.94
Accounts Payable Turnover Days	- -	86.73	99.43	42.52	- -	- -	- -	- -	- -	51.93	122.2	132.83	113.56	124.01
Cash Conversion Cycle	- -	18.94	23.29	70.74	110.83	76.56	94.96	155.41	156.44	53.06	-9.93	-16.52	-3.7	-12.18
Inventory to Cash Days	- -	-9.86	-11	-12.78	-23.01	22.19	8.76	-45.06	-51.16	-4.38	-9.96	-8.22	-5.31	-14.02
Inventories	479	576	663	779	961	- -	1,028	1,097	1,091	1,056	1,031	993	1,065	961
Raw Materials	- -	- -	- -	- -	- -	- -	555	605	620	616	651	673	734	725
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	489	508	494	473	414	345	355	266
Other Inventory	479	576	663	779	961	- -	11	12	14	13	13	14	15	14

Enterprise Value (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	538	536	165	213	201	328	507	868	1,602	500	300	300	300	299
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	601	590	580	572	564
+ Total Debt	24,056	24,013	23,683	23,972	24,043	24,777	24,431	26,791	26,881	25,578	25,645	25,816	25,774	24,118
Enterprise Value	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383
Total Capital	25,300	25,578	25,622	26,543	27,334	24,777	28,860	31,283	31,648	31,419	32,592	33,990	34,628	34,086
Total Debt/Capital (%)	95.08	93.88	92.43	90.31	87.96	100	84.65	85.64	84.94	81.41	78.68	75.95	74.43	70.76
Total Debt / EV	1.02	1.02	1.01	1.01	1.01	1.01	1.02	1.03	1.06	1	0.99	0.99	0.99	0.99
EV/Sales	3.02	2.56	2.56	2.29	2.12	2.25	2.02	2.31	2.31	2.31	2.36	2.46	2.43	2.17
EV/EBITDA	8.7	7.04	7.38	6.38	6.07	5.65	7.41	7.98	7.96	7.39	6.04	6.2	6.97	5.01
EV/EBIT	18.22	14.65	16.06	10.88	12.08	10.9	16.65	19.94	17.4	16.16	11.71	11.22	13.19	10.55
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.94	5.56	5.91	6.38	4.69
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.65	3.16	3.52	3.98	3.29
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	7,794	9,185	9,187	10,382	11,255	10,874	11,841	11,220	10,956	11,137	11,003	10,616	10,739	11,233
TTM EBITDA	2,702	3,333	3,187	3,724	3,929	4,325	3,229	3,247	3,176	3,477	4,292	4,208	3,738	4,866
TTM Operating Income	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,589	2,215	2,326	1,975	2,312
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,324	4,662	4,413	4,082	5,198
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	7,034	8,204	7,423	6,540	7,414

Multiples (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	18.22	14.65	16.06	10.88	12.08	10.9	16.65	19.94	17.4	16.16	11.71	11.22	13.19	10.55
Enterprise Value	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383
Low Price	24.52	21.5	22	22.71	23.84	24.92	24.53	25.25	21.82	20.81	23.72	24.51	24.71	23.29
EV/Sales	3.02	2.56	2.56	2.29	2.12	2.25	2.02	2.31	2.31	2.31	2.36	2.46	2.43	2.17
EV/EBITDA	8.7	7.04	7.38	6.38	6.07	5.65	7.41	7.98	7.96	7.39	6.04	6.2	6.97	5.01
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	3.02	2.56	2.56	2.29	2.12	2.25	2.02	2.31	2.31	2.31	2.36	2.46	2.43	2.17
EV/Sales High	3.02	2.56	2.56	2.29	2.12	2.25	2.02	2.31	2.31	2.31	2.36	2.46	2.43	2.17
EV/Sales Low	3.02	2.56	2.56	2.29	2.12	2.25	2.02	2.31	2.31	2.31	2.36	2.46	2.43	2.17
EV/EBITDA Average	8.7	7.04	7.38	6.38	6.07	5.65	7.41	7.98	7.96	7.39	6.04	6.2	6.97	5.01
EV/EBITDA High	8.7	7.04	7.38	6.38	6.07	5.65	7.41	7.98	7.96	7.39	6.04	6.2	6.97	5.01
EV/EBITDA Low	8.7	7.04	7.38	6.38	6.07	5.65	7.41	7.98	7.96	7.39	6.04	6.2	6.97	5.01
EV/EBIT Average	18.22	14.65	16.06	10.88	12.08	10.9	16.65	19.94	17.4	16.16	11.71	11.22	13.19	10.55
EV/EBIT High	18.22	14.65	16.06	10.88	12.08	10.9	16.65	19.94	17.4	16.16	11.71	11.22	13.19	10.55
EV/EBIT Low	18.22	14.65	16.06	10.88	12.08	10.9	16.65	19.94	17.4	16.16	11.71	11.22	13.19	10.55
Last Price	11.94	11.97	12.16	14.21	16.02	16.64	17.1	18.25	15.71	17.61	18.87	20.62	20.9	21.32
High Price	25.99	25.42	24.23	25.88	27.87	29.97	27.31	27.98	27.85	24.25	25.3	26.46	26.21	25.97
Enterprise Value Average	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383
Enterprise Value High	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383
Enterprise Value Low	23,518	23,477	23,518	23,759	23,842	24,449	23,924	25,923	25,279	25,679	25,935	26,096	26,046	24,383

Tennessee Valley Authority

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)