Vie Financial Group, Inc. Financial Ratios — VIFI Stock

Profitability (USD)

	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-371.43	-283.33	-271.88	-330.49	-33.98	-94.98	-148.31	-327	-244.17
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	- -	28.57	68.12	100	85.81	100	100	100	100
EBITDA Margin (%)	- -	-2,400	-112.24	-1,621.61	-555.31	-371.71	-6,206.33	-410.01	-219.83	-73.08
Operating Margin (%)	- -	-2,500	-118.37	-1,717.26	-604.11	-392.68	-6,511.89	-446.75	-240.53	-77.14
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	-136.73	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-100	-2,600	-138.78	-2,773.71	-996.91	-161.06	-9,303.13	-472.19	-281.08	-113.44
Net Income to Common Margin (%)	-100	-2,600	-138.78	-2,805.59	-1,073.59	-205.41	-10,310.19	-531.38	-281.59	-168.37
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	1.19	5.19	14.85	12.67	10.61	0.18	32.63
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Total Debt	- -	2	- -	- -	- -	- -	- -	5	7	6
ST Debt	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	1	- -	- -	- -	- -	- -	5	7	6
Total Debt/EBITDA	- -	-0.79	- -	- -	- -	- -	- -	-0.49	-0.74	-0.92
Net Debt/EBITDA	- -	-0.79	0.02	0.16	0.34	1.07	0.43	-0.43	-0.5	-0.92
Total Debt/EBIT	- -	-0.76	- -	- -	- -	- -	- -	-0.45	-0.67	-0.88
Net Debt/EBIT	- -	-0.76	0.02	0.15	0.31	1.01	0.41	-0.4	-0.46	-0.87
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	-192.86	-279.41	-680	-707.5	-153.75	-542.29	-3,004.78	-1,947.73	-2,835.37
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-87.5	- -	- -	- -	- -	- -	-6	-8.44	-6.13
Long-Term Debt/Total Assets (%)	- -	50	- -	- -	- -	- -	- -	169.07	151.18	163.29
Total Debt/Equity (%)	- -	-118.75	- -	- -	- -	- -	- -	-117.5	-172.14	-129.58
Total Debt/Capital (%)	- -	-237.5	- -	- -	- -	- -	- -	-6.42	-8.44	-6.13
Total Debt/Total Assets (%)	- -	135.71	- -	- -	- -	- -	- -	180.65	151.18	163.29
Net Debt to Equity	- -	-118.75	-7.14	-66.67	-61.36	-50.94	-53.53	-102.68	-116.43	-129.19
Net Debt/Capital (%)	- -	-237.5	1.08	5.33	7.24	31.09	8.86	-5.56	-5.56	-6.11
EBITDA	- -	-2	-6	-5	-8	-14	-14	-10	-9	-7
EBITDA-CapEx	- -	-2	-7	-5	-9	-17	-16	-10	-10	-7
Operating Income (Loss)	- -	-2	-6	-5	-9	-15	-15	-11	-10	-7

Liquidity (USD)

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	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Cash Ratio	- -	- -	0.05	0.44	2.25	29.34	4.21	0.27	1.43	0.02
Current Ratio	- -	- -	0.8	0.72	2.58	32.32	4.76	0.34	1.98	1.91
Quick Ratio	- -	- -	0.8	0.72	2.58	30	4.69	0.28	1.89	0.47
CFO/Avg Current Liab	- -	-0.09	-3.05	-2.89	-5.87	-12.92	-9.82	-4.25	-4.89	-3.7
Common Equity/Total Assets	- -	-192.86	-279.41	-680	-707.5	-153.75	-542.29	-3,004.78	-1,947.73	-2,835.37
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-87.5	- -	- -	- -	- -	- -	-6	-8.44	-6.13
Long-Term Debt/Total Assets (%)	- -	50	- -	- -	- -	- -	- -	169.07	151.18	163.29
Total Debt/Equity (%)	- -	-118.75	- -	- -	- -	- -	- -	-117.5	-172.14	-129.58
Total Debt/Capital (%)	- -	-237.5	- -	- -	- -	- -	- -	-6.42	-8.44	-6.13
Total Debt/Total Assets (%)	- -	135.71	- -	- -	- -	- -	- -	180.65	151.18	163.29
CFO/Total Liabilities	- -	-3.33	-320	-305.56	-701.9	-1,546.26	-720.49	-123.31	-110.31	-73.9
CFO/CapEx	- -	- -	-5.82	-18.33	-14.67	-5.14	-6.36	-78.5	-52.18	-80.6
Altman's Z-Score	- -	-10.41	-10.01	-15.54	-14.31	-2.61	-10.7	-55.35	-35.45	-45.56

Working Capital (USD)

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	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	13.63	0.32	5.8	11.6	11.71
Days Sales Outstanding	- -	- -	- -	- -	- -	26.79	1,153.25	62.98	31.48	31.17
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	0.22	2.5	0.06	- -	0.7	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	1,642.5	146	6,570	- -	518.87	- -	- -	- -	- -
Cash Conversion Cycle	- -	-1,642.5	-146	-6,570	- -	-492.08	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	26.79	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	- -	- -	1	3	15	6	1	2	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	6	5	9	5	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	5	4	- -	- -	- -
+ Total Debt	- -	2	- -	- -	- -	- -	- -	5	7	6
Enterprise Value	- -	2	- -	5	3	-12	1	5	5	6
Total Capital	- -	-1	-9	-14	-35	-34	-62	-78	-82	-98
Total Debt/Capital (%)	- -	-237.5	- -	- -	- -	- -	- -	-6.42	-8.44	-6.13
Total Debt / EV	- -	1	- -	- -	- -	- -	- -	1.09	1.41	0.97
EV/Sales	- -	19	0.04	17.22	1.88	- -	5.75	1.86	1.15	0.7
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	2	- -	5	3	-2	3	5	5	6
EV per Share	- -	35.99	2.74	71.81	24.65	- -	4.4	10.09	0.79	0.9
TTM Sales	- -	- -	5	- -	1	4	- -	2	4	9
TTM EBITDA	- -	-2	-6	-5	-8	-14	-14	-10	-9	-7
TTM Operating Income	- -	-2	-6	-5	-9	-15	-15	-11	-10	-7
TTM Cash Flow to Firm	- -	- -	-6	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	-5	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

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	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	2	- -	5	3	-12	1	5	5	6
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	19	0.04	17.22	1.88	- -	5.75	1.86	1.15	0.7
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	- -	19	0.04	17.22	1.88	- -	12.34	1.86	1.15	0.7
EV/Sales High	- -	19	0.04	17.22	1.88	- -	12.34	1.86	1.15	0.7
EV/Sales Low	- -	19	0.04	17.22	1.88	- -	12.34	1.86	1.15	0.7
EV/EBITDA Average	- -	-0.79	-0.04	-1.06	-0.34	0.12	-0.2	-0.45	-0.52	-0.96
EV/EBITDA High	- -	-0.79	-0.04	-1.06	-0.34	0.12	-0.2	-0.45	-0.52	-0.96
EV/EBITDA Low	- -	-0.79	-0.04	-1.06	-0.34	0.12	-0.2	-0.45	-0.52	-0.96
EV/EBIT Average	- -	-0.76	-0.03	-1	-0.31	0.11	-0.19	-0.42	-0.48	-0.91
EV/EBIT High	- -	-0.76	-0.03	-1	-0.31	0.11	-0.19	-0.42	-0.48	-0.91
EV/EBIT Low	- -	-0.76	-0.03	-1	-0.31	0.11	-0.19	-0.42	-0.48	-0.91
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	- -	2	- -	5	3	-2	3	5	5	6
Enterprise Value High	- -	2	- -	5	3	-2	3	5	5	6
Enterprise Value Low	- -	2	- -	5	3	-2	3	5	5	6

	1995 Y	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y
Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	1	7	7
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	6	7
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	6	7
Revenue per Share	3.77	1.89	67.01	4.17	13.1	15.52	0.77	5.41	0.68	1.28
EBITDA per Share	- -	-45.46	-75.22	-67.64	-72.72	-57.69	-47.51	-22.2	-1.51	-0.94
Operating Income per Share	- -	-47.36	-79.32	-71.63	-79.11	-60.94	-49.85	-24.18	-1.65	-0.99
Basic EPS, GAAP	-3.77	-49.25	-93	-117.02	-140.59	-31.88	-78.93	-28.77	-1.93	-2.16
Basic EPS from Cont Ops	-3.77	-49.25	-93	-110.37	-130.55	-25	-51.69	-27.01	-1.92	-1.46
Diluted EPS, GAAP	-3.77	-48.94	-93	-117.02	-139.64	-31.88	-78.93	-28.77	-1.93	-2.16
Diluted EPS from Cont Ops	-3.77	-48.94	-93	-110.37	-129.67	-25	-51.69	-27.01	-1.92	-1.46
Dividend per Share	- -	- -	- -	- -	2.74	2.15	0.18	- -	- -	- -
Cash Flow per Share	- -	-1.89	-87.53	-73.14	-80.34	-53.42	-44.21	-18.96	-1.52	-0.89
Free Cash Flow per Basic Share	- -	-1.89	-102.57	-77.13	-85.81	-63.82	-51.16	-19.2	-1.55	-0.9
Cash & Equivalents per Share	- -	- -	1.37	10.64	24.65	101.37	25.55	1.38	0.36	0.01
Book Value per Share	- -	-51.15	-129.93	-271.28	-365.17	-191.34	-241	-182.07	-14.28	-15.04
Tangible Book Value per Share	- -	-30.31	10.94	-66.49	-9.13	86.25	21.96	-9.84	-0.68	-0.7

Vie Financial Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)