Vapotherm, Inc.

VAPO

VAPOVapotherm, Inc. US flag

New York Stock Exchange

2.17

USD

-0.01

- -

13.55MMarket Cap

Profitability (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-68.08	-53.93	-48.83	-31.45	-31.83	-88.39	-66.96
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	33	37.19	39.58	44.3	50.14	46.95	25.81	41.19
EBITDA Margin (%)	-69.39	-75.95	-82.46	-93.73	-30.42	-45.09	-108.18	-47.71
Operating Margin (%)	-73.82	-80.26	-87.58	-100.12	-34.21	-50.08	-115.94	-54.96
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-76.6	-87.1	-100.21	-106.45	-40.96	-52.85	-169.53	-84.56
Profit Margin (%)	-76.6	-87.1	-100.21	-106.14	-40.96	-52.78	-169.55	-84.74
Net Income to Common Margin (%)	-76.61	-87.45	-100.41	-106.14	-40.96	-52.78	-169.55	-84.74
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	0.02	0.4	0.19	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	12	22	34	45	53	53	105	112
ST Debt	2	3	3	3	2	8	2	2
LT Debt	9	19	31	42	51	45	103	110
Total Debt/EBITDA	-0.57	-0.81	-0.99	-1	-1.38	-1.05	-1.46	-3.43
Net Debt/EBITDA	-0.29	0.17	0.68	0.59	1.81	0.21	-1.12	-2.97
Total Debt/EBIT	-0.54	-0.77	-0.93	-0.94	-1.23	-0.94	-1.36	-2.98
Net Debt/EBIT	-0.27	0.16	0.64	0.55	1.61	0.19	-1.05	-2.58
EBITDA to Interest Expense	-29.19	-12.11	-11.41	-8.85	-8.12	-19.69	-6.21	-1.75
EBITDA-CapEx/Interest Expense	-35.52	-14.78	-13.1	-9.78	-10.2	-21.96	-7.2	-1.91
EBIT to Interest Expense	-31.06	-12.8	-12.11	-9.45	-9.13	-21.86	-6.65	-2.01
Interest Expense	1	2	3	5	5	3	12	19
Common Equity/Total Assets	-456.68	-285.4	-220.44	-237.22	-146.95	-235.32	-509.38	-706.27
Long-Term Debt/Equity (%)	- -	- -	60.74	77.76	45.06	67.62	- -	- -
Long-Term Debt/Capital (%)	-7.34	-12.62	-17.41	-18.98	-19.44	-13.95	-26.73	-25.24
Long-Term Debt/Total Assets (%)	30.67	31.43	32.2	37.35	23.8	28.16	106.95	141.69
Total Debt/Equity (%)	-12.42	-17.3	66.87	84.26	46.44	80.17	-373.15	-203.12
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt/Total Assets (%)	38.74	36.44	35.46	40.47	24.53	33.38	109.35	144.8
Net Debt to Equity	-6.34	3.59	-46.05	-49.08	-60.7	-16.11	-288.24	-175.9
Net Debt/Capital (%)	-4.53	2.58	9.97	9.04	18.31	2.82	-20.29	-21.85
EBITDA	-21	-27	-35	-45	-38	-51	-72	-33
EBITDA-CapEx	-25	-33	-40	-50	-48	-57	-84	-36
Operating Income (Loss)	-22	-29	-37	-48	-43	-57	-77	-38

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.64	1.81	4.15	4.43	2.71	1.32	0.8	0.51
Current Ratio	2.36	3.23	5.82	5.75	3.86	2.54	3.06	2.43
Quick Ratio	1.27	2.29	4.65	4.94	3.27	1.57	1.27	1.07
CFO/Avg Current Liab	- -	-2.46	-2.79	-2.62	-1.36	-1.3	-2.56	-1.26
Common Equity/Total Assets	-456.68	-285.4	-220.44	-237.22	-146.95	-235.32	-509.38	-706.27
Long-Term Debt/Equity (%)	- -	- -	60.74	77.76	45.06	67.62	- -	- -
Long-Term Debt/Capital (%)	-7.34	-12.62	-17.41	-18.98	-19.44	-13.95	-26.73	-25.24
Long-Term Debt/Total Assets (%)	30.67	31.43	32.2	37.35	23.8	28.16	106.95	141.69
Total Debt/Equity (%)	-12.42	-17.3	66.87	84.26	46.44	80.17	-373.15	-203.12
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt/Total Assets (%)	38.74	36.44	35.46	40.47	24.53	33.38	109.35	144.8
CFO/Total Liabilities	-19.96	-15.63	-87.6	-68.21	-38.79	-59.27	-64.44	-18.26
CFO/CapEx	-5.6	-4.92	-7.73	-8.36	-4.03	-9.39	-6.9	-8.11
Altman's Z-Score	-7.31	-4.32	-2.31	-1.18	2.14	-0.26	-8.29	-10.23

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	5.55	6.03	6.27	7.92	6.59	6.68	6.95
Days Sales Outstanding	- -	65.82	60.56	58.24	46.06	55.41	54.67	52.55
Inventory Turnover	- -	2.27	2.03	2.35	4.32	2.13	1.43	1.44
Days Inventory Outstanding	- -	160.5	179.39	155.62	84.46	171.36	256.09	252.82
Accounts Payable Turnover	- -	12.14	10.32	6.81	17.6	14.1	10.62	7.8
Accounts Payable Turnover Days	- -	30.06	35.38	53.58	20.73	25.88	34.38	46.82
Cash Conversion Cycle	- -	196.26	204.57	160.28	109.78	200.89	276.38	258.56
Inventory to Cash Days	- -	-94.68	-118.83	-97.39	-38.4	-115.95	-201.42	-200.27
Inventories	8	11	14	9	20	37	33	23
Raw Materials	5	8	6	5	10	20	17	13
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	3	4	8	4	10	17	16	10
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	58	226	640	537	72	6
- Cash & Cash Equivalents	6	27	58	72	114	57	16	10
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	12	22	34	45	53	53	105	112
Enterprise Value	6	-5	34	200	579	534	162	109
Total Capital	-129	-150	-180	-220	-264	-323	-385	-436
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt / EV	1.96	-4.82	1.01	0.23	0.09	0.1	0.65	1.03
EV/Sales	0.2	- -	0.81	4.15	4.6	4.71	2.42	1.58
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	58	226	640	537	72	6
Diluted Enterprise Value	6	-5	34	200	579	534	162	109
EV per Share	6.53	- -	94.22	85.94	194.46	164.56	48.37	18
TTM Sales	30	36	42	48	126	113	67	69
TTM EBITDA	-21	-27	-35	-45	-38	-51	-72	-33
TTM Operating Income	-22	-29	-37	-48	-43	-57	-77	-38
TTM Cash Flow to Firm	-25	-27	-37	-35	-35	-53	-69	-5
TTM Free Cash Flow to Firm	-20	-21	-32	-30	-25	-47	-57	-3

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Free Cash Flow	- -	- -	-1.66	-6.48	-21.56	-10.86	-1.05	-0.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	6	-5	34	200	579	534	162	109
Low Price	- -	- -	117.6	60.8	54.88	133.12	3.68	0.78
EV/Sales	0.2	- -	0.81	4.15	4.6	4.71	2.42	1.58
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-1.23	-5.59	-11.79	-10.54	-1.38	-0.5
Price/Earnings High	- -	- -	-1.51	-8.97	-25.17	-16.68	-4.97	-2.44
Price/Earnings Low	- -	- -	-1	-2.77	-3.17	-7.22	-0.11	-0.08
Price/Book Value	- -	- -	-0.27	-0.85	-2.02	-1.43	-0.15	-0.01
Price/Book Value Average	- -	- -	-0.24	-1.08	-1.92	-1.67	-0.32	-0.05
Price/Book Value High	- -	- -	-0.3	-1.73	-4.09	-2.65	-1.15	-0.26
Price/Book Value Low	- -	- -	-0.2	-0.53	-0.52	-1.15	-0.03	-0.01
Price/Tangible Book Value	- -	- -	1.12	4.28	6.96	11.44	-2.51	-0.11
Price/Tangible Book Value Average	- -	- -	1.02	5.41	6.6	13.42	-5.44	-0.52
Price/Tangible Book Value High	- -	- -	1.24	8.68	14.09	21.24	-19.6	-2.54
Price/Tangible Book Value Low	- -	- -	0.83	2.68	1.78	9.19	-0.43	-0.08
Price/Sales	- -	- -	1.37	4.7	5.09	4.74	1.08	0.09
Price/Sales Average	- -	- -	1.24	5.93	4.83	5.56	2.34	0.42
Price/Sales High	- -	- -	1.51	9.53	10.31	8.8	8.43	2.07
Price/Sales Low	- -	- -	1.01	2.94	1.3	3.81	0.18	0.07
Price/Cash Flow	- -	- -	-1.45	-5.7	-16.21	-9.7	-0.9	-0.25
Price/Cash Flow Average	- -	- -	-1.31	-7.2	-15.39	-11.38	-1.95	-1.19
Price/Cash Flow High	- -	- -	-1.6	-11.55	-32.84	-18.02	-7.02	-5.85
Price/Cash Flow Low	- -	- -	-1.07	-3.57	-4.14	-7.79	-0.15	-0.19
Price/Free Cash Flow Average	- -	- -	-1.5	-8.17	-20.47	-12.74	-2.28	-1.36
Price/Free Cash Flow High	- -	- -	-1.84	-13.12	-43.69	-20.16	-8.21	-6.67
Price/Free Cash Flow Low	- -	- -	-1.23	-4.05	-5.51	-8.72	-0.18	-0.22
EV/Sales Average	0.2	- -	0.68	5.38	4.35	5.53	3.68	1.92
EV/Sales High	0.2	- -	0.95	8.98	9.83	8.77	9.77	3.56
EV/Sales Low	0.2	- -	0.45	2.39	0.82	3.78	1.52	1.56
EV/EBITDA Average	-0.29	0.17	-0.82	-5.74	-14.29	-12.26	-3.4	-4.02
EV/EBITDA High	-0.29	0.17	-1.16	-9.58	-32.3	-19.45	-9.03	-7.47
EV/EBITDA Low	-0.29	0.17	-0.54	-2.55	-2.68	-8.38	-1.41	-3.28
EV/EBIT Average	-0.27	0.16	-0.77	-5.38	-12.7	-11.04	-3.17	-3.49
EV/EBIT High	-0.27	0.16	-1.09	-8.97	-28.72	-17.52	-8.42	-6.48
EV/EBIT Low	-0.27	0.16	-0.51	-2.39	-2.39	-7.54	-1.31	-2.85
Last Price	- -	- -	159.6	97.28	214.88	165.68	21.6	1
High Price	- -	- -	176.56	197.04	435.36	307.68	168.48	23.52
Enterprise Value Average	6	-5	29	259	546	627	246	132
Enterprise Value High	6	-5	40	432	1,235	994	652	245
Enterprise Value Low	6	-5	19	115	103	428	102	107

Profitability (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-68.08	-53.93	-48.83	-31.45	-31.83	-88.39	-66.96
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	33	37.19	39.58	44.3	50.14	46.95	25.81	41.19
EBITDA Margin (%)	-69.39	-75.95	-82.46	-93.73	-30.42	-45.09	-108.18	-47.71
Operating Margin (%)	-73.82	-80.26	-87.58	-100.12	-34.21	-50.08	-115.94	-54.96
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-76.6	-87.1	-100.21	-106.45	-40.96	-52.85	-169.53	-84.56
Profit Margin (%)	-76.6	-87.1	-100.21	-106.14	-40.96	-52.78	-169.55	-84.74
Net Income to Common Margin (%)	-76.61	-87.45	-100.41	-106.14	-40.96	-52.78	-169.55	-84.74
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	0.02	0.4	0.19	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	12	22	34	45	53	53	105	112
ST Debt	2	3	3	3	2	8	2	2
LT Debt	9	19	31	42	51	45	103	110
Total Debt/EBITDA	-0.57	-0.81	-0.99	-1	-1.38	-1.05	-1.46	-3.43
Net Debt/EBITDA	-0.29	0.17	0.68	0.59	1.81	0.21	-1.12	-2.97
Total Debt/EBIT	-0.54	-0.77	-0.93	-0.94	-1.23	-0.94	-1.36	-2.98
Net Debt/EBIT	-0.27	0.16	0.64	0.55	1.61	0.19	-1.05	-2.58
EBITDA to Interest Expense	-29.19	-12.11	-11.41	-8.85	-8.12	-19.69	-6.21	-1.75
EBITDA-CapEx/Interest Expense	-35.52	-14.78	-13.1	-9.78	-10.2	-21.96	-7.2	-1.91
EBIT to Interest Expense	-31.06	-12.8	-12.11	-9.45	-9.13	-21.86	-6.65	-2.01
Interest Expense	1	2	3	5	5	3	12	19
Common Equity/Total Assets	-456.68	-285.4	-220.44	-237.22	-146.95	-235.32	-509.38	-706.27
Long-Term Debt/Equity (%)	- -	- -	60.74	77.76	45.06	67.62	- -	- -
Long-Term Debt/Capital (%)	-7.34	-12.62	-17.41	-18.98	-19.44	-13.95	-26.73	-25.24
Long-Term Debt/Total Assets (%)	30.67	31.43	32.2	37.35	23.8	28.16	106.95	141.69
Total Debt/Equity (%)	-12.42	-17.3	66.87	84.26	46.44	80.17	-373.15	-203.12
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt/Total Assets (%)	38.74	36.44	35.46	40.47	24.53	33.38	109.35	144.8
Net Debt to Equity	-6.34	3.59	-46.05	-49.08	-60.7	-16.11	-288.24	-175.9
Net Debt/Capital (%)	-4.53	2.58	9.97	9.04	18.31	2.82	-20.29	-21.85
EBITDA	-21	-27	-35	-45	-38	-51	-72	-33
EBITDA-CapEx	-25	-33	-40	-50	-48	-57	-84	-36
Operating Income (Loss)	-22	-29	-37	-48	-43	-57	-77	-38

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.64	1.81	4.15	4.43	2.71	1.32	0.8	0.51
Current Ratio	2.36	3.23	5.82	5.75	3.86	2.54	3.06	2.43
Quick Ratio	1.27	2.29	4.65	4.94	3.27	1.57	1.27	1.07
CFO/Avg Current Liab	- -	-2.46	-2.79	-2.62	-1.36	-1.3	-2.56	-1.26
Common Equity/Total Assets	-456.68	-285.4	-220.44	-237.22	-146.95	-235.32	-509.38	-706.27
Long-Term Debt/Equity (%)	- -	- -	60.74	77.76	45.06	67.62	- -	- -
Long-Term Debt/Capital (%)	-7.34	-12.62	-17.41	-18.98	-19.44	-13.95	-26.73	-25.24
Long-Term Debt/Total Assets (%)	30.67	31.43	32.2	37.35	23.8	28.16	106.95	141.69
Total Debt/Equity (%)	-12.42	-17.3	66.87	84.26	46.44	80.17	-373.15	-203.12
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt/Total Assets (%)	38.74	36.44	35.46	40.47	24.53	33.38	109.35	144.8
CFO/Total Liabilities	-19.96	-15.63	-87.6	-68.21	-38.79	-59.27	-64.44	-18.26
CFO/CapEx	-5.6	-4.92	-7.73	-8.36	-4.03	-9.39	-6.9	-8.11
Altman's Z-Score	-7.31	-4.32	-2.31	-1.18	2.14	-0.26	-8.29	-10.23

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	5.55	6.03	6.27	7.92	6.59	6.68	6.95
Days Sales Outstanding	- -	65.82	60.56	58.24	46.06	55.41	54.67	52.55
Inventory Turnover	- -	2.27	2.03	2.35	4.32	2.13	1.43	1.44
Days Inventory Outstanding	- -	160.5	179.39	155.62	84.46	171.36	256.09	252.82
Accounts Payable Turnover	- -	12.14	10.32	6.81	17.6	14.1	10.62	7.8
Accounts Payable Turnover Days	- -	30.06	35.38	53.58	20.73	25.88	34.38	46.82
Cash Conversion Cycle	- -	196.26	204.57	160.28	109.78	200.89	276.38	258.56
Inventory to Cash Days	- -	-94.68	-118.83	-97.39	-38.4	-115.95	-201.42	-200.27
Inventories	8	11	14	9	20	37	33	23
Raw Materials	5	8	6	5	10	20	17	13
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	3	4	8	4	10	17	16	10
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	58	226	640	537	72	6
- Cash & Cash Equivalents	6	27	58	72	114	57	16	10
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	12	22	34	45	53	53	105	112
Enterprise Value	6	-5	34	200	579	534	162	109
Total Capital	-129	-150	-180	-220	-264	-323	-385	-436
Total Debt/Capital (%)	-9.27	-14.64	-19.17	-20.57	-20.03	-16.53	-27.34	-25.79
Total Debt / EV	1.96	-4.82	1.01	0.23	0.09	0.1	0.65	1.03
EV/Sales	0.2	- -	0.81	4.15	4.6	4.71	2.42	1.58
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	58	226	640	537	72	6
Diluted Enterprise Value	6	-5	34	200	579	534	162	109
EV per Share	6.53	- -	94.22	85.94	194.46	164.56	48.37	18
TTM Sales	30	36	42	48	126	113	67	69
TTM EBITDA	-21	-27	-35	-45	-38	-51	-72	-33
TTM Operating Income	-22	-29	-37	-48	-43	-57	-77	-38
TTM Cash Flow to Firm	-25	-27	-37	-35	-35	-53	-69	-5
TTM Free Cash Flow to Firm	-20	-21	-32	-30	-25	-47	-57	-3

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Free Cash Flow	- -	- -	-1.66	-6.48	-21.56	-10.86	-1.05	-0.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	6	-5	34	200	579	534	162	109
Low Price	- -	- -	117.6	60.8	54.88	133.12	3.68	0.78
EV/Sales	0.2	- -	0.81	4.15	4.6	4.71	2.42	1.58
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-1.23	-5.59	-11.79	-10.54	-1.38	-0.5
Price/Earnings High	- -	- -	-1.51	-8.97	-25.17	-16.68	-4.97	-2.44
Price/Earnings Low	- -	- -	-1	-2.77	-3.17	-7.22	-0.11	-0.08
Price/Book Value	- -	- -	-0.27	-0.85	-2.02	-1.43	-0.15	-0.01
Price/Book Value Average	- -	- -	-0.24	-1.08	-1.92	-1.67	-0.32	-0.05
Price/Book Value High	- -	- -	-0.3	-1.73	-4.09	-2.65	-1.15	-0.26
Price/Book Value Low	- -	- -	-0.2	-0.53	-0.52	-1.15	-0.03	-0.01
Price/Tangible Book Value	- -	- -	1.12	4.28	6.96	11.44	-2.51	-0.11
Price/Tangible Book Value Average	- -	- -	1.02	5.41	6.6	13.42	-5.44	-0.52
Price/Tangible Book Value High	- -	- -	1.24	8.68	14.09	21.24	-19.6	-2.54
Price/Tangible Book Value Low	- -	- -	0.83	2.68	1.78	9.19	-0.43	-0.08
Price/Sales	- -	- -	1.37	4.7	5.09	4.74	1.08	0.09
Price/Sales Average	- -	- -	1.24	5.93	4.83	5.56	2.34	0.42
Price/Sales High	- -	- -	1.51	9.53	10.31	8.8	8.43	2.07
Price/Sales Low	- -	- -	1.01	2.94	1.3	3.81	0.18	0.07
Price/Cash Flow	- -	- -	-1.45	-5.7	-16.21	-9.7	-0.9	-0.25
Price/Cash Flow Average	- -	- -	-1.31	-7.2	-15.39	-11.38	-1.95	-1.19
Price/Cash Flow High	- -	- -	-1.6	-11.55	-32.84	-18.02	-7.02	-5.85
Price/Cash Flow Low	- -	- -	-1.07	-3.57	-4.14	-7.79	-0.15	-0.19
Price/Free Cash Flow Average	- -	- -	-1.5	-8.17	-20.47	-12.74	-2.28	-1.36
Price/Free Cash Flow High	- -	- -	-1.84	-13.12	-43.69	-20.16	-8.21	-6.67
Price/Free Cash Flow Low	- -	- -	-1.23	-4.05	-5.51	-8.72	-0.18	-0.22
EV/Sales Average	0.2	- -	0.68	5.38	4.35	5.53	3.68	1.92
EV/Sales High	0.2	- -	0.95	8.98	9.83	8.77	9.77	3.56
EV/Sales Low	0.2	- -	0.45	2.39	0.82	3.78	1.52	1.56
EV/EBITDA Average	-0.29	0.17	-0.82	-5.74	-14.29	-12.26	-3.4	-4.02
EV/EBITDA High	-0.29	0.17	-1.16	-9.58	-32.3	-19.45	-9.03	-7.47
EV/EBITDA Low	-0.29	0.17	-0.54	-2.55	-2.68	-8.38	-1.41	-3.28
EV/EBIT Average	-0.27	0.16	-0.77	-5.38	-12.7	-11.04	-3.17	-3.49
EV/EBIT High	-0.27	0.16	-1.09	-8.97	-28.72	-17.52	-8.42	-6.48
EV/EBIT Low	-0.27	0.16	-0.51	-2.39	-2.39	-7.54	-1.31	-2.85
Last Price	- -	- -	159.6	97.28	214.88	165.68	21.6	1
High Price	- -	- -	176.56	197.04	435.36	307.68	168.48	23.52
Enterprise Value Average	6	-5	29	259	546	627	246	132
Enterprise Value High	6	-5	40	432	1,235	994	652	245
Enterprise Value Low	6	-5	19	115	103	428	102	107

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	2	2	2	3	3	3	4	6
Diluted Weighted Avg Shares	1	1	- -	2	3	3	3	6
Basic Weighted Avg Shares	1	1	- -	2	3	3	3	6
Revenue per Share	32.22	25.08	116.7	20.68	42.23	34.94	19.99	11.37
EBITDA per Share	-22.36	-19.05	-96.23	-19.39	-12.85	-15.76	-21.63	-5.43
Operating Income per Share	-23.78	-20.13	-102.2	-20.71	-14.45	-17.5	-23.18	-6.25
Basic EPS, GAAP	-24.68	-21.93	-117.17	-21.96	-17.3	-18.44	-33.89	-9.64
Basic EPS from Cont Ops	-24.68	-21.84	-116.95	-21.96	-17.3	-18.44	-33.89	-9.64
Diluted EPS, GAAP	-24.68	-21.93	-117.17	-21.96	-17.3	-18.44	-33.89	-9.64
Diluted EPS from Cont Ops	-24.68	-21.84	-116.95	-21.96	-17.3	-18.44	-33.89	-9.64
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-27.14	-20.6	-110.2	-17.05	-13.26	-17.08	-23.99	-4.02
Free Cash Flow per Basic Share	-31.98	-24.79	-124.47	-19.1	-16.55	-18.9	-27.46	-4.52
Cash & Equivalents per Share	6.25	18.67	160.33	30.81	38.18	17.6	4.71	1.61
Book Value per Share	-150.71	-121.11	-590.32	-114.13	-106.44	-116.19	-146.63	-90.8
Tangible Book Value per Share	-102.97	-89.37	141.99	22.7	30.9	14.49	-8.6	-9.26

Vapotherm, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)