Vector Group Ltd. Financial Ratios — VGR Stock

Profitability (USD)

	2009 Y	2010 Y	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
Return on Common Equity (%)	361.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	3.41	6.42	7.99	3.04	3.17	2.74	4.38	5.3	6.19	4.04	6.61	6.53	19.82	17.83	19.92
Return on Capital (%)	24.87	24.26	27.65	19.61	20.48	15.8	15.25	18.12	- -	20.43	18.29	18.98	44.88	39.76	41.61
Return on Invested Capital (%)	28.14	16.24	15.95	15.86	18.24	15.01	16.08	18.32	- -	16.02	15.85	21.88	33.27	39.94	39.88
Gross Margin (%)	27.96	20.52	21.22	24.03	28.97	31.06	33.04	35.1	32.06	30.89	30.79	33.29	36.96	30.7	32.22
EBITDA Margin (%)	18.65	13	13.58	15.11	19.62	15.04	15.26	16.38	14.43	12.89	22.64	25.24	27.53	24.04	24.84
Operating Margin (%)	17.35	11.99	12.65	14.14	18.45	13.51	13.71	15.05	13.4	11.88	21.04	23.8	26.19	23.54	24.35
Incremental Operating Margin (%)	1.59	-4.43	22.61	-30.68	-284.13	3.05	18.72	80.88	-10.56	-31.81	-1.78	52.14	-341.49	8.86	-45.31
Pretax Margin (%)	3.56	8.05	10.87	4.9	5.62	5.17	6.5	7.48	4.93	4.25	11.17	14.73	17.2	15.31	17.44
Profit Margin (%)	3.09	5.09	6.62	2.8	3.45	2.32	3.57	4.21	4.68	3.11	9.02	7.56	17.98	11.01	12.89
Net Income to Common Margin (%)	3.09	5.09	6.62	2.8	3.45	2.32	3.57	4.21	4.68	3.11	9.02	7.56	17.98	11.01	12.89
Effective Tax Rate (%)	13.07	36.8	39.09	42.99	38.99	40.31	38.28	38.89	- -	27.09	24.87	29.89	29.91	28.05	26.13
Dvd Payout Ratio (%)	466.73	217.18	167.02	447.76	393.28	272.65	255.13	238.53	218.19	389.17	253.53	101.03	89.68	80.82	68.78
Sustainable Growth Rate (%)	-1,325.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2009 Y	2010 Y	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
Total Debt	357	558	544	624	692	913	865	1,172	1,228	1,643	1,782	1,395	1,411	1,421	1,384
ST Debt	22	52	51	37	152	53	9	40	34	256	228	4	4	26	4
LT Debt	335	506	493	587	541	861	856	1,133	1,194	1,387	1,554	1,392	1,407	1,396	1,380
Total Debt/EBITDA	2.39	4.03	3.54	3.77	3.27	3.81	3.42	4.23	4.71	6.81	7.03	4.5	4.2	4.1	3.91
Net Debt/EBITDA	0.99	1.87	1.97	1.32	2.16	2.45	2.47	2.81	3.55	4.39	4.87	3.62	3.59	3.43	3.12
Total Debt/EBIT	2.57	4.38	3.8	4.03	3.47	4.25	3.81	4.61	5.07	7.39	7.56	4.77	4.41	4.19	3.99
Net Debt/EBIT	1.06	2.02	2.12	1.41	2.3	2.73	2.75	3.06	3.83	4.76	5.24	3.84	3.77	3.5	3.18
EBITDA to Interest Expense	2.18	1.64	1.51	1.32	1.47	1.44	2.1	1.94	1.5	1.18	1.84	2.56	2.98	3.13	3.26
EBITDA-CapEx/Interest Expense	2.18	1.64	1.51	1.32	1.47	1.44	2.1	1.94	1.5	1.18	1.84	2.56	2.98	3.13	3.26
EBIT to Interest Expense	2.03	1.52	1.41	1.24	1.38	1.29	1.88	1.78	1.39	1.09	1.71	2.41	2.84	3.07	3.19
Interest Expense	68	84	102	125	145	166	121	143	174	204	138	121	113	111	109
Common Equity/Total Assets	0.97	-3.98	-7.81	-5.16	-8.31	-6.01	-15.44	-22.85	-30.22	-34.08	-44.09	-47.54	-96.09	-87.71	-79.25
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	92.03	97.31	104.59	103.41	81.84	94.91	113.97	121.77	131.4	124.32	138.95	183.94	245.05	223.51	214.48
Long-Term Debt/Total Assets (%)	45.53	53.29	53.18	54.01	42.77	60.47	66.85	80.69	89.91	89.49	103.26	103.6	161.57	153.61	147.74
Total Debt/Equity (%)	-7,620.87	-1,206.64	-611.25	-787.01	-3,203.96	-4,416.59	-708.1	-462.92	-370.17	-300.13	-260.1	-211.5	-167.71	-175.94	-186.53
Total Debt/Capital (%)	98.04	107.27	115.37	109.89	104.78	100.71	115.16	126.01	135.12	147.28	159.29	184.4	245.73	227.62	215.06
Total Debt/Total Assets (%)	48.51	58.75	58.66	57.39	54.76	64.17	67.55	83.51	92.46	106.02	118.38	103.86	162.02	156.43	148.13
Net Debt to Equity	-3,147.27	-558.14	-340.65	-274.91	-2,118.92	-2,838.42	-511.34	-307.54	-279.33	-193.33	-180.31	-170.15	-143.22	-147.02	-148.72
Net Debt/Capital (%)	95.39	117.18	131.41	134.7	107.42	101.12	122.29	145.08	152.54	199.34	165.3	225.31	316.38	297.03	294.34
EBITDA	149	138	154	166	212	239	253	277	261	241	253	310	336	346	354
EBITDA-CapEx	149	138	154	166	212	239	253	277	261	241	253	310	336	346	354
Operating Income (Loss)	139	127	143	155	199	215	227	255	242	222	236	292	320	339	347

Liquidity (USD)

API Chat

	2009 Y	2010 Y	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
Cash Ratio	1.75	1.67	1.01	2.44	1	2.8	1.95	2.81	2.21	1.48	1.09	1.39	2.06	1.94	2.62
Current Ratio	2.61	2.32	1.62	3.27	1.45	3.54	2.7	3.6	3	1.8	1.48	2.34	2.85	2.8	3.52
Quick Ratio	1.81	1.68	1.12	2.53	1.03	2.93	2.08	2.98	2.41	1.55	1.17	1.45	2.22	2.22	2.8
CFO/Avg Current Liab	0.03	0.36	0.13	0.33	0.17	0.35	0.67	0.47	0.66	0.53	0.26	0.72	1.14	1.06	1.31
Common Equity/Total Assets	0.97	-3.98	-7.81	-5.16	-8.31	-6.01	-15.44	-22.85	-30.22	-34.08	-44.09	-47.54	-96.09	-87.71	-79.25
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	92.03	97.31	104.59	103.41	81.84	94.91	113.97	121.77	131.4	124.32	138.95	183.94	245.05	223.51	214.48
Long-Term Debt/Total Assets (%)	45.53	53.29	53.18	54.01	42.77	60.47	66.85	80.69	89.91	89.49	103.26	103.6	161.57	153.61	147.74
Total Debt/Equity (%)	-7,620.87	-1,206.64	-611.25	-787.01	-3,203.96	-4,416.59	-708.1	-462.92	-370.17	-300.13	-260.1	-211.5	-167.71	-175.94	-186.53
Total Debt/Capital (%)	98.04	107.27	115.37	109.89	104.78	100.71	115.16	126.01	135.12	147.28	159.29	184.4	245.73	227.62	215.06
Total Debt/Total Assets (%)	48.51	58.75	58.66	57.39	54.76	64.17	67.55	83.51	92.46	106.02	118.38	103.86	162.02	156.43	148.13
CFO/Total Liabilities	0.77	6.73	3.54	7.21	4.05	7.44	10.3	5.89	7.93	8.67	5.67	13.36	14.9	10.56	12.53
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.7	2.37	2.4	2.35	2.11	2.87	3.11	2.9	3.03	2.08	1.4	1.82	2.42	2.83	2.96

Working Capital (USD)

API Chat

	2009 Y	2010 Y	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
Accounts Receivable Turnover	91.06	213.79	84.84	60.67	92.28	89.68	70.19	79.22	74.87	58.7	31.45	46.11	75.35	50.79	42.44
Days Sales Outstanding	4.01	1.71	4.3	6.02	3.96	4.07	5.2	4.61	4.88	6.22	11.61	7.92	4.84	7.19	8.6
Inventory Turnover	6.04	8.22	8.26	7.94	7.91	11.94	12.55	12.45	13.67	14.3	8.17	8.35	8.01	10.68	10.47
Days Inventory Outstanding	60.39	44.39	44.21	45.96	46.13	30.58	29.08	29.33	26.69	25.53	44.69	43.71	45.57	34.18	34.86
Accounts Payable Turnover	111.54	127.59	96.45	105.37	46.36	58.26	72.53	72.86	84.33	81.63	66.99	97.83	96.11	126.19	147.31
Accounts Payable Turnover Days	3.27	2.86	3.78	3.46	7.87	6.26	5.03	5.01	4.33	4.47	5.45	3.73	3.8	2.89	2.48
Cash Conversion Cycle	61.13	43.24	44.73	48.51	42.21	28.38	29.25	28.93	27.24	27.27	50.85	47.9	46.62	38.48	40.98
Inventory to Cash Days	-56.38	-42.68	-39.91	-39.95	-42.18	-26.51	-23.88	-24.72	-21.82	-19.31	-33.09	-35.8	-40.73	-27	-26.26
Inventories	98	107	109	100	93	90	87	90	90	91	99	98	95	92	92
Raw Materials	3	4	69	62	52	53	53	50	49	47	49	49	46	49	56
Work In Process	51	57	1	- -	- -	1	1	1	- -	2	- -	1	3	1	1
Finished Goods	59	68	65	64	68	66	62	65	63	64	71	69	64	65	65
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2009 Y	2010 Y	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
Market Capitalization	286	424	492	504	639	1,034	1,405	1,529	1,827	966	1,537	1,403	1,481	1,655	1,685
- Cash & Cash Equivalents	209	300	241	406	234	326	240	394	301	585	371	258	193	225	269
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	73	79	84	79	82	1	- -	- -	- -	- -	- -
+ Total Debt	357	558	544	624	692	913	865	1,172	1,228	1,643	1,782	1,395	1,411	1,421	1,384
Enterprise Value	382	604	718	651	998	1,431	1,932	2,230	2,685	1,894	2,818	2,405	2,553	2,735	2,689
Total Capital	364	520	472	568	661	907	751	930	909	1,115	1,119	757	574	624	643
Total Debt/Capital (%)	98.04	107.27	115.37	109.89	104.78	100.71	115.16	126.01	135.12	147.28	159.29	184.4	245.73	227.62	215.06
Total Debt / EV	0.93	0.92	0.76	0.96	0.69	0.64	0.45	0.53	0.46	0.87	0.63	0.58	0.55	0.52	0.51
EV/Sales	0.48	0.57	0.63	0.59	0.92	0.9	1.17	1.32	1.49	1.01	2.52	1.96	2.09	1.9	1.89
EV/EBITDA	2.56	4.37	4.67	3.93	4.71	5.98	7.64	8.05	10.29	7.86	11.12	7.75	7.6	7.89	7.6
EV/EBIT	2.75	4.73	5.01	4.2	5.01	6.66	8.5	8.76	11.09	8.52	11.96	8.22	7.98	8.06	7.75
EV/Cash Flow to Firm	5.86	5.02	7.32	4.19	7.11	6.93	8.82	12.05	8.71	5.73	12.39	6.82	7.64	10.48	9.26
EV/Free Cash Flow to Firm	5.86	5.02	7.32	4.19	7.11	6.93	8.82	12.05	8.71	5.73	12.39	6.82	7.64	10.48	9.26
Diluted Market Cap	287	424	493	504	641	1,034	1,405	1,557	1,827	966	1,561	1,403	1,481	1,655	1,699
Diluted Enterprise Value	434	682	796	721	1,172	1,700	2,114	2,415	2,836	2,025	2,972	2,540	2,699	2,851	2,814
EV per Share	3.37	5.11	6.18	5.29	8.14	10.61	13.16	15.17	16.99	11.48	17.86	15.52	16.28	17.41	17.14
TTM Sales	801	1,063	1,133	1,096	1,080	1,591	1,657	1,691	1,807	1,870	1,120	1,229	1,221	1,441	1,424
TTM EBITDA	149	138	154	166	212	239	253	277	261	241	253	310	336	346	354
TTM Operating Income	139	127	143	155	199	215	227	255	242	222	236	292	320	339	347
TTM Cash Flow to Firm	65	120	98	155	140	207	219	185	308	330	227	353	334	261	290
TTM Free Cash Flow to Firm	65	120	98	155	140	207	219	185	308	330	227	353	334	261	290

Multiples (USD)

API Chat

	2009 Y	2010 Y	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
Price/Free Cash Flow	50.6	6.33	13.68	5.99	12.31	9.63	9.73	15.95	13.88	5.31	12.58	5.25	5.8	9.13	8.09
EV/EBIT	2.75	4.73	5.01	4.2	5.01	6.66	8.5	8.76	11.09	8.52	11.96	8.22	7.98	8.06	7.75
Enterprise Value	382	604	718	651	998	1,431	1,932	2,230	2,685	1,894	2,818	2,405	2,553	2,735	2,689
Low Price	6.28	8.32	9.91	10.13	10.66	12.04	16.16	16.7	16.96	8.77	8.21	7.92	10.94	8.64	9.86
EV/Sales	0.48	0.57	0.63	0.59	0.92	0.9	1.17	1.32	1.49	1.01	2.52	1.96	2.09	1.9	1.89
EV/EBITDA	2.56	4.37	4.67	3.93	4.71	5.98	7.64	8.05	10.29	7.86	11.12	7.75	7.6	7.89	7.6
Price/Earnings	11.55	7.84	6.55	16.44	17.13	28.06	23.74	21.5	21.6	16.63	15.22	15.1	6.75	10.43	9.18
Price/Earnings Average	10.79	7.11	5.99	17.11	15.48	25.44	21.72	19.21	19.25	26.62	11.37	13.64	7.99	9.21	9.25
Price/Earnings High	44.78	27.9	19.26	50.58	41.03	65.53	52.24	40.99	39.2	58.18	22.53	23.1	12.42	13.25	12.3
Price/Earnings Low	28.67	18.18	15.35	40.73	35.05	44.05	40.09	34.52	31.69	24.89	12.83	13.2	7.81	8.55	8.43
Price/Book Value	40.2	-11.21	-6.78	-8.97	-6.08	-12.09	-7.11	-4.77	-4.55	-1.83	-2.32	-2.2	-1.77	-2.08	-2.28
Price/Book Value Average	37.57	-10.17	-6.2	-9.33	-5.5	-10.96	-6.5	-4.26	-4.06	-2.93	-1.73	-1.99	-2.1	-1.83	-2.29
Price/Book Value High	155.88	-39.89	-19.93	-27.59	-14.57	-28.23	-15.64	-9.09	-8.26	-6.4	-3.43	-3.36	-3.26	-2.64	-3.05
Price/Book Value Low	99.79	-25.99	-15.89	-22.22	-12.45	-18.98	-12	-7.66	-6.68	-2.74	-1.95	-1.92	-2.05	-1.7	-2.09
Price/Tangible Book Value	-2.55	-2.76	-2.5	-2.7	-2.15	-3.56	-3.64	-2.97	-3.05	-1.19	-1.62	-1.83	-1.56	-1.81	-1.98
Price/Tangible Book Value Average	-2.39	-2.5	-2.29	-2.8	-1.95	-3.23	-3.33	-2.65	-2.72	-1.9	-1.21	-1.65	-1.85	-1.6	-2
Price/Tangible Book Value High	-9.9	-9.82	-7.35	-8.29	-5.16	-8.31	-8.01	-5.66	-5.53	-4.15	-2.39	-2.8	-2.87	-2.3	-2.66
Price/Tangible Book Value Low	-6.34	-6.39	-5.86	-6.68	-4.41	-5.59	-6.15	-4.77	-4.47	-1.78	-1.36	-1.6	-1.81	-1.48	-1.82
Price/Sales	0.36	0.4	0.43	0.46	0.59	0.65	0.85	0.9	1.01	0.52	1.37	1.14	1.21	1.15	1.18
Price/Sales Average	0.33	0.36	0.4	0.48	0.53	0.59	0.78	0.81	0.9	0.83	1.03	1.03	1.44	1.01	1.19
Price/Sales High	1.39	1.42	1.27	1.41	1.42	1.52	1.87	1.72	1.83	1.81	2.03	1.75	2.23	1.46	1.58
Price/Sales Low	0.89	0.92	1.02	1.14	1.21	1.02	1.43	1.45	1.48	0.77	1.16	1	1.4	0.94	1.09
Price/Cash Flow	50.55	6.33	13.64	5.99	12.28	9.63	9.73	15.66	13.88	5.31	12.39	5.25	5.8	9.13	8.02
Price/Cash Flow Average	47.24	5.74	12.46	6.23	11.1	8.73	8.9	14	12.37	8.51	9.25	4.74	6.87	8.06	8.09
Price/Cash Flow High	196.01	22.52	40.09	18.42	29.42	22.49	21.41	29.86	25.2	18.59	18.34	8.02	10.68	11.6	10.75
Price/Cash Flow Low	125.48	14.67	31.96	14.83	25.13	15.12	16.42	25.15	20.37	7.95	10.44	4.59	6.72	7.49	7.37
Price/Free Cash Flow Average	47.29	5.74	12.5	6.23	11.13	8.73	8.9	14.25	12.37	8.51	9.4	4.74	6.87	8.06	8.15
Price/Free Cash Flow High	196.2	22.52	40.19	18.42	29.49	22.49	21.41	30.41	25.2	18.59	18.63	8.02	10.68	11.6	10.84
Price/Free Cash Flow Low	125.6	14.67	32.04	14.83	25.19	15.12	16.42	25.61	20.37	7.95	10.61	4.59	6.72	7.49	7.43
EV/Sales Average	0.52	0.6	0.66	0.68	1.03	1.01	1.2	1.32	1.46	1.39	2.29	1.96	2.43	1.84	1.97
EV/Sales High	1.57	1.66	1.54	1.61	1.91	1.94	2.29	2.23	2.39	2.37	3.29	2.67	3.23	2.29	2.37
EV/Sales Low	1.07	1.17	1.28	1.34	1.7	1.44	1.86	1.96	2.04	1.34	2.42	1.92	2.4	1.77	1.87
EV/EBITDA Average	2.78	4.65	4.89	4.48	5.23	6.7	7.88	8.03	10.11	10.81	10.09	7.75	8.84	7.67	7.95
EV/EBITDA High	8.42	12.78	11.36	10.67	9.73	12.87	15.03	13.63	16.58	18.41	14.54	10.59	11.74	9.52	9.53
EV/EBITDA Low	5.74	8.98	9.45	8.85	8.68	9.56	12.18	11.96	14.14	10.39	10.68	7.62	8.73	7.37	7.52
EV/EBIT Average	2.98	5.04	5.25	4.79	5.56	7.46	8.77	8.74	10.88	11.72	10.86	8.22	9.3	7.84	8.11
EV/EBIT High	9.05	13.86	12.2	11.4	10.35	14.34	16.73	14.82	17.85	19.97	15.64	11.23	12.34	9.72	9.72
EV/EBIT Low	6.17	9.74	10.15	9.46	9.23	10.65	13.56	13.02	15.23	11.27	11.49	8.08	9.17	7.53	7.67
Last Price	2.53	3.59	4.23	4.09	5.21	7.67	9.57	10.4	11.56	5.86	9.74	9.06	9.45	10.53	10.74
High Price	9.81	12.77	12.43	12.58	12.48	17.91	21.06	19.83	20.98	20.5	14.42	13.86	17.39	13.38	14.39
Enterprise Value Average	415	643	753	742	1,109	1,604	1,994	2,224	2,637	2,606	2,559	2,405	2,972	2,658	2,813
Enterprise Value High	1,258	1,767	1,748	1,767	2,062	3,081	3,801	3,773	4,324	4,439	3,686	3,284	3,944	3,299	3,372
Enterprise Value Low	858	1,241	1,455	1,465	1,839	2,290	3,082	3,313	3,689	2,505	2,706	2,364	2,933	2,554	2,662

	2009 Y	2010 Y	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
Shares Outstanding	116	116	117	126	131	146	150	148	148	148	148	153	154	155	156
Diluted Weighted Avg Shares	113	118	117	123	123	135	147	150	158	165	160	155	157	157	158
Basic Weighted Avg Shares	113	118	116	123	123	135	147	147	158	165	158	155	157	157	157
Revenue per Share	7.08	9	9.75	8.9	8.81	11.8	11.29	11.5	11.44	11.34	7.1	7.93	7.79	9.17	9.08
EBITDA per Share	1.32	1.17	1.32	1.34	1.73	1.78	1.72	1.88	1.65	1.46	1.61	2	2.14	2.2	2.26
Operating Income per Share	1.23	1.08	1.23	1.26	1.63	1.59	1.55	1.73	1.53	1.35	1.49	1.89	2.04	2.16	2.21
Basic EPS, GAAP	0.22	0.46	0.65	0.25	0.3	0.27	0.4	0.48	0.54	0.35	0.64	0.6	1.4	1.01	1.17
Basic EPS from Cont Ops	0.22	0.46	0.65	0.25	0.3	0.36	0.45	0.53	0.57	0.35	0.6	0.82	0.94	1.01	1.17
Diluted EPS, GAAP	0.22	0.46	0.64	0.25	0.3	0.27	0.4	0.48	0.54	0.35	0.63	0.6	1.4	1.01	1.16
Diluted EPS from Cont Ops	0.22	0.46	0.64	0.25	0.3	0.36	0.45	0.52	0.57	0.35	0.59	0.82	0.94	1.01	1.16
Dividend per Share	1.02	0.99	1.08	1.11	1.18	1.24	1.28	1.35	1.34	1.37	1.51	0.83	0.84	0.82	0.8
Cash Flow per Share	0.05	0.57	0.31	0.68	0.42	0.8	0.98	0.66	0.83	1.1	0.79	1.73	1.63	1.15	1.34
Free Cash Flow per Basic Share	0.05	0.57	0.31	0.68	0.42	0.8	0.98	0.66	0.83	1.1	0.79	1.73	1.63	1.15	1.34
Cash & Equivalents per Share	2.31	3.2	2.73	3.87	3.32	4.42	2.88	3.74	2.86	4.34	3.18	2.54	2.17	2.17	2.42
Book Value per Share	0.06	-0.32	-0.62	-0.46	-0.86	-0.63	-1.35	-2.18	-2.54	-3.2	-4.21	-4.12	-5.34	-5.07	-4.72
Tangible Book Value per Share	-0.99	-1.3	-1.69	-1.52	-2.42	-2.16	-2.63	-3.5	-3.79	-4.94	-6.03	-4.95	-6.05	-5.83	-5.41

Vector Group Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)