United-Guardian, Inc. Financial Ratios — UG 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	2024 Y	2025 Y
Return on Common Equity (%)	34.78	36.13	44.12	28.34	31.79	18.34	31.29	39.83	44.18	31.5	46.18	26.92	24.99	27.94	18.22
Return on Assets (%)	32.16	33.18	40.01	25.64	29.13	16.9	27.74	34.27	38.24	27.22	38.56	22.46	21.91	24.33	15.65
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	31.06	31.62	36.77	26.58	29.87	16.68	28.74	39.78	39.6	27.57	44.4	33.59	22.05	24.83	15.49
Gross Margin (%)	60.59	62.25	63.61	60.46	62.86	54.69	59.12	60.26	58.4	55.65	58.74	52.78	49.66	53.03	48.75
EBITDA Margin (%)	44.57	45.95	48.59	42.17	46.17	33.19	41.92	42.93	40.97	34.6	41.73	32.86	27.27	30.72	22.3
Operating Margin (%)	42.79	44.11	47.36	40.83	44.93	31.45	40.37	41.5	39.68	33.1	40.68	31.79	26.3	29.94	21.27
Incremental Operating Margin (%)	175.12	7.23	75.61	92.04	144.21	89.93	84.24	72.11	-119.78	67.35	69	132.39	64.75	60.44	85.76
Pretax Margin (%)	47.92	50.1	55.99	42.79	47.3	34.3	42.8	40.65	44.34	37.88	42.2	25.42	29.86	33.73	25.06
Profit Margin (%)	32.89	34.94	38.29	30.12	32.89	23.95	29.64	32.37	35.01	30.08	33.44	20.23	23.71	26.69	19.97
Net Income to Common Margin (%)	32.89	34.94	38.29	30.12	32.89	23.95	29.64	32.37	35.01	30.08	33.44	20.23	23.71	26.69	19.97
Effective Tax Rate (%)	31.36	30.26	31.61	29.62	30.47	30.17	30.74	20.37	21.04	20.57	20.75	20.39	20.59	20.87	20.33
Dvd Payout Ratio (%)	77.96	129.4	75.53	90.78	99.62	133.15	169.27	110.66	106.05	108.4	111.41	121.56	17.8	84.79	131.39
Sustainable Growth Rate (%)	7.67	-10.62	10.8	2.61	0.12	-6.08	-21.67	-4.25	-2.67	-2.64	-5.27	-5.8	20.55	4.25	-5.72

Credit (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	2025 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.17	-0.28	-0.22	-0.36	-0.17	-0.12	-0.13	-0.1	-0.19	-0.16	-0.09	-0.2	-2.78	-0.5	-0.53
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.18	-0.29	-0.22	-0.37	-0.17	-0.13	-0.14	-0.1	-0.19	-0.16	-0.09	-0.21	-2.88	-0.51	-0.56
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	92.29	91.34	90.12	90.83	92.49	91.78	85.04	87.09	86.01	86.86	80.22	87.09	88.13	86.12	85.68
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	-7.73	-13.62	-11.48	-13.73	-7.41	-3.07	-6.36	-5.04	-9.86	-5.71	-5.41	-8.96	-72.38	-15.78	-11.14
Net Debt/Capital (%)	-8.4	-16.02	-13.11	-16.25	-8.05	-3.21	-7.1	-5.3	-10.94	-6.06	-5.72	-9.84	-262.06	-18.74	-12.53
EBITDA	6	6	7	6	6	4	5	6	6	4	6	4	3	4	2
EBITDA-CapEx	6	6	7	6	6	3	5	6	5	4	6	4	3	3	2
Operating Income (Loss)	6	6	7	5	6	3	5	6	5	4	6	4	3	4	2

Liquidity (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	2025 Y
Cash Ratio	9.64	11.47	8.43	11.71	11.94	10.17	5.94	5.98	5.89	5.79	3.49	4.72	5.93	4.91	5.14
Current Ratio	12.97	15.25	11.49	15.04	14.69	13.11	8.33	8.55	8.61	7.95	4.95	7.26	7.99	6.62	7.31
Quick Ratio	11.18	13.33	9.91	13.34	12.88	11.7	7.28	7.21	7.46	6.77	4.27	5.76	6.95	5.66	6.09
CFO/Avg Current Liab	4.22	5.65	5.6	4.04	5.3	2.25	3.23	3.55	3.3	2.61	2.83	1.36	2.16	2.01	1.1
Common Equity/Total Assets	92.29	91.34	90.12	90.83	92.49	91.78	85.04	87.09	86.01	86.86	80.22	87.09	88.13	86.12	85.68
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	388.57	526.88	410.27	372.75	470	218.98	274.15	305.63	258.75	229.52	219.47	183.82	204.95	181.06	104.81
CFO/CapEx	16.16	21.32	20.13	82.08	83.1	13.74	104.65	66.01	39.34	82.83	45.66	33.59	18.98	8	33.34
Altman's Z-Score	23.85	34.57	36.77	31.61	34.63	30.7	29.34	28.13	29.58	25.17	21.31	24.14	15.97	17.61	3.48

Working Capital (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	2025 Y
Accounts Receivable Turnover	10.45	10.35	10.98	7.95	11.08	8.51	7.4	7.52	7.21	6.3	8.7	7.84	7.27	8.13	6.99
Days Sales Outstanding	34.93	35.26	33.24	45.92	32.94	42.89	49.3	48.56	50.61	57.91	41.94	46.58	50.2	44.87	52.18
Inventory Turnover	4.05	3.85	3.93	3.73	4.11	3.83	4.08	3.79	4.19	3.7	4.07	3.89	3.78	4.28	3.65
Days Inventory Outstanding	90.08	94.77	92.81	97.74	88.78	95.29	89.38	96.41	87.08	98.62	89.74	93.83	96.44	85.34	99.95
Accounts Payable Turnover	19.05	18.1	22.26	18.77	44.2	53.94	24.64	20.27	41.77	98.29	25.95	28.36	61.03	21.27	12.06
Accounts Payable Turnover Days	19.16	20.16	16.39	19.45	8.26	6.77	14.81	18	8.74	3.71	14.07	12.87	5.98	17.16	30.28
Cash Conversion Cycle	105.84	109.87	109.66	124.21	113.47	131.42	123.87	126.97	128.95	152.82	117.62	127.53	140.66	113.05	121.86
Inventory to Cash Days	-55.15	-59.51	-59.57	-51.82	-55.84	-52.4	-40.08	-47.84	-36.47	-40.71	-47.81	-47.25	-46.23	-40.47	-47.77
Inventories	1	1	2	1	1	1	1	1	1	1	1	2	1	1	2
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
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	2025 Y
Market Capitalization	37	51	76	55	56	47	60	63	72	55	67	45	31	44	- -
- Cash & Cash Equivalents	1	2	2	2	1	- -	1	1	1	1	1	1	8	2	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	26	41	65	43	44	36	52	55	64	47	59	38	22	35	-9
Total Capital	14	13	14	14	15	14	11	11	11	10	10	9	11	12	11
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	1.84	2.99	4.22	3.23	3.12	3.37	4	4.09	4.69	4.27	4.24	3.02	2.03	2.83	- -
EV/EBITDA	4.13	6.51	8.68	7.66	6.76	10.17	9.55	9.54	11.46	12.33	10.17	9.18	7.46	9.22	- -
EV/EBIT	4.3	6.78	8.91	7.91	6.95	10.73	9.92	9.87	11.83	12.89	10.43	9.49	7.74	9.47	- -
EV/Cash Flow to Firm	5.95	7.68	11.2	9.69	8.41	15.87	13.01	11.12	14.26	13.04	11.12	15.17	7.04	9.96	- -
EV/Free Cash Flow to Firm	5.6	7.34	10.67	9.57	8.31	14.8	12.88	10.95	13.91	12.88	10.88	14.73	6.69	8.85	- -
Diluted Market Cap	37	51	76	55	56	47	60	63	72	55	67	45	31	44	- -
Diluted Enterprise Value	36	49	74	53	54	47	60	63	71	54	67	44	23	42	-1
EV per Share	5.74	8.99	14.15	9.45	9.52	7.91	11.3	12.02	13.9	10.2	12.86	8.34	4.82	7.51	- -
TTM Sales	14	14	15	13	14	11	13	13	14	11	14	13	11	12	11
TTM EBITDA	6	6	7	6	6	4	5	6	6	4	6	4	3	4	2
TTM Operating Income	6	6	7	5	6	3	5	6	5	4	6	4	3	4	2
TTM Cash Flow to Firm	4	5	6	4	5	2	4	5	4	4	5	3	3	3	2
TTM Free Cash Flow to Firm	5	6	6	5	5	2	4	5	5	4	5	3	3	4	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	2025 Y
Price/Free Cash Flow	7.8	9.02	12.39	12.09	10.55	19.13	14.98	12.58	15.64	15.13	12.39	17.23	9.44	11.26	- -
EV/EBIT	4.3	6.78	8.91	7.91	6.95	10.73	9.92	9.87	11.83	12.89	10.43	9.49	7.74	9.47	- -
Enterprise Value	26	41	65	43	44	36	52	55	64	47	59	38	22	35	-9
Low Price	12.5	14.91	18.5	18.76	17.55	13.52	13.75	15.51	17.74	10.65	13.68	10.12	5.79	7.02	5.58
EV/Sales	1.84	2.99	4.22	3.23	3.12	3.37	4	4.09	4.69	4.27	4.24	3.02	2.03	2.83	- -
EV/EBITDA	4.13	6.51	8.68	7.66	6.76	10.17	9.55	9.54	11.46	12.33	10.17	9.18	7.46	9.22	- -
Price/Earnings	7.8	10.52	12.79	13.54	12.06	18.21	15.7	14.53	15.07	16.65	14.44	17.43	12.1	13.51	- -
Price/Earnings Average	7.23	9.2	10.72	17.4	11.75	19.72	13.06	13.76	14.34	17.1	12.62	26.21	14.63	14.15	- -
Price/Earnings High	15.25	22.76	23.35	40	22.91	41.81	25.49	21.4	20.16	28.78	18.73	46.65	22.27	22.97	- -
Price/Earnings Low	12.18	14.19	14.4	21.29	17.5	24.07	16.43	16.33	17.12	14.8	13.49	18.09	10.31	9.92	- -
Price/Book Value	2.61	4.02	5.35	3.79	3.83	3.44	5.52	5.79	6.75	5.32	6.85	4.83	2.74	3.7	- -
Price/Book Value Average	2.42	3.51	4.49	4.87	3.73	3.73	4.59	5.48	6.42	5.46	5.99	7.27	3.32	3.87	- -
Price/Book Value High	5.11	8.69	9.77	11.19	7.27	7.91	8.97	8.53	9.03	9.18	8.88	12.94	5.05	6.28	- -
Price/Book Value Low	4.08	5.41	6.03	5.96	5.56	4.55	5.78	6.5	7.67	4.73	6.4	5.02	2.34	2.71	- -
Price/Tangible Book Value	2.61	3.96	5.3	3.72	3.81	3.4	5.3	5.8	6.76	5.32	6.85	4.83	2.74	3.7	- -
Price/Tangible Book Value Average	2.42	3.46	4.45	4.78	3.71	3.68	4.41	5.5	6.43	5.46	5.99	7.27	3.32	3.87	- -
Price/Tangible Book Value High	5.1	8.56	9.68	10.99	7.24	7.81	8.6	8.55	9.04	9.18	8.88	12.94	5.05	6.28	- -
Price/Tangible Book Value Low	4.07	5.34	5.97	5.85	5.53	4.49	5.54	6.52	7.68	4.73	6.4	5.02	2.34	2.71	- -
Price/Sales	2.56	3.68	4.9	4.08	3.97	4.36	4.66	4.7	5.28	5.01	4.83	3.53	2.87	3.61	- -
Price/Sales Average	2.38	3.21	4.11	5.24	3.87	4.72	3.87	4.45	5.02	5.14	4.22	5.3	3.47	3.78	- -
Price/Sales High	5.02	7.95	8.94	12.05	7.53	10.01	7.56	6.93	7.06	8.66	6.26	9.44	5.28	6.13	- -
Price/Sales Low	4.01	4.96	5.52	6.41	5.76	5.76	4.87	5.28	5.99	4.45	4.51	3.66	2.44	2.65	- -
Price/Cash Flow	8.29	9.45	13.01	12.24	10.68	20.52	15.12	12.77	16.03	15.31	12.66	17.74	9.94	12.67	- -
Price/Cash Flow Average	7.68	8.26	10.9	15.73	10.41	22.23	12.58	12.1	15.26	15.72	11.07	26.67	12.01	13.27	- -
Price/Cash Flow High	16.21	20.43	23.75	36.16	20.29	47.12	24.55	18.81	21.44	26.46	16.42	47.47	18.28	21.54	- -
Price/Cash Flow Low	12.95	12.74	14.65	19.24	15.51	27.12	15.82	14.35	18.21	13.61	11.83	18.41	8.46	9.3	- -
Price/Free Cash Flow Average	7.24	7.89	10.39	15.54	10.29	20.72	12.46	11.92	14.88	15.54	10.83	25.9	11.41	11.8	- -
Price/Free Cash Flow High	15.27	19.52	22.62	35.72	20.05	43.92	24.31	18.53	20.91	26.14	16.07	46.1	17.36	19.15	- -
Price/Free Cash Flow Low	12.19	12.17	13.95	19.01	15.32	25.28	15.67	14.14	17.76	13.45	11.58	17.88	8.04	8.27	- -
EV/Sales Average	2.3	3.09	4	5.09	3.79	4.68	3.82	4.41	4.95	5.09	4.18	5.24	2.71	3.62	- -
EV/Sales High	4.94	7.83	8.84	11.9	7.46	9.97	7.5	6.89	6.98	8.6	6.23	9.37	4.52	5.97	- -
EV/Sales Low	3.93	4.83	5.41	6.26	5.68	5.72	4.82	5.24	5.92	4.4	4.47	3.6	1.69	2.49	- -
EV/EBITDA Average	5.16	6.72	8.23	12.07	8.21	14.11	9.1	10.28	12.07	14.71	10.02	15.94	9.94	11.79	-0.53
EV/EBITDA High	11.08	17.03	18.18	28.21	16.15	30.06	17.89	16.04	17.04	24.86	14.92	28.53	16.58	19.45	-0.53
EV/EBITDA Low	8.82	10.51	11.13	14.85	12.3	17.25	11.49	12.22	14.44	12.72	10.72	10.94	6.18	8.12	-0.53
EV/EBIT Average	5.38	7	8.45	12.47	8.43	14.89	9.45	10.63	12.46	15.38	10.28	16.48	10.31	12.1	-0.56
EV/EBIT High	11.55	17.74	18.66	29.14	16.6	31.71	18.58	16.59	17.59	25.99	15.3	29.48	17.2	19.96	-0.56
EV/EBIT Low	9.19	10.95	11.42	15.34	12.64	18.2	11.93	12.64	14.91	13.29	11	11.31	6.41	8.33	-0.56
Last Price	8	11.06	16.43	11.93	12.09	10.23	13.14	13.8	15.62	11.98	14.64	9.75	6.8	9.56	6.16
High Price	15.65	23.92	29.99	35.25	22.97	23.49	21.33	20.33	20.89	20.7	18.99	26.09	12.51	16.25	11.98
Enterprise Value Average	33	43	62	68	53	50	49	59	67	56	58	67	30	44	-1
Enterprise Value High	71	108	136	160	104	107	97	93	95	95	87	119	49	73	-1
Enterprise Value Low	56	67	83	84	80	62	62	71	80	48	62	46	18	30	-1

	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	2025 Y
Shares Outstanding	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Diluted Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	- -
Basic Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	- -
Revenue per Share	3.12	3.01	3.35	2.93	3.05	2.35	2.82	2.93	2.96	2.39	3.03	2.76	2.37	2.65	- -
EBITDA per Share	1.39	1.38	1.63	1.23	1.41	0.78	1.18	1.26	1.21	0.83	1.27	0.91	0.65	0.81	- -
Operating Income per Share	1.33	1.33	1.59	1.19	1.37	0.74	1.14	1.22	1.17	0.79	1.23	0.88	0.62	0.79	- -
Basic EPS, GAAP	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	- -
Basic EPS from Cont Ops	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	- -
Diluted EPS, GAAP	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	- -
Diluted EPS from Cont Ops	1.03	1.05	1.28	0.88	1	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	- -
Dividend per Share	0.8	1.36	0.97	0.8	1	0.75	1.42	1.05	1.1	0.78	1.13	0.68	0.1	0.6	- -
Cash Flow per Share	0.97	1.17	1.26	0.97	1.13	0.5	0.87	1.08	0.97	0.78	1.16	0.55	0.68	0.75	- -
Free Cash Flow per Basic Share	0.91	1.12	1.2	0.96	1.12	0.46	0.86	1.06	0.95	0.77	1.13	0.53	0.65	0.66	- -
Cash & Equivalents per Share	2.26	2.07	2.28	2.48	2.57	2.32	1.84	1.78	1.72	1.78	1.78	1.41	1.98	2.05	- -
Book Value per Share	3.06	2.75	3.07	3.15	3.16	2.97	2.38	2.38	2.31	2.25	2.14	2.02	2.48	2.59	- -
Tangible Book Value per Share	3.07	2.79	3.1	3.21	3.17	3.01	2.48	2.38	2.31	2.25	2.14	2.02	2.48	2.59	- -

United-Guardian, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)