Vital Farms, Inc. Financial Ratios — VITL Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	405.81	58.9	91.26	28.93	36.19	150.87	94.62	57.01
Return on Assets (%)	- -	23.26	4.27	7.54	1.34	0.62	10.44	16.83	15.1
Return on Capital (%)	- -	41.31	5.25	36.34	- -	14.5	78	70.32	43.92
Return on Invested Capital (%)	- -	36.39	7.09	10.31	- -	0.57	13.73	19.93	18.43
Gross Margin (%)	24.85	32.63	30.47	34.78	31.77	30.23	34.4	37.92	37.62
EBITDA Margin (%)	-1.05	7.69	3.75	6.9	1.38	2.08	8.73	12.64	13.55
Operating Margin (%)	-2.16	6.34	2.38	5.71	0.02	0.58	7.05	10.48	11.64
Incremental Operating Margin (%)	- -	25.57	-10.04	12.07	-26.12	2.03	28.37	22.53	16.21
Pretax Margin (%)	-2.85	5.95	3.14	5.44	0.14	0.78	6.82	11.14	12.02
Profit Margin (%)	-2.59	5.43	1.69	4.11	0.93	0.35	5.42	8.81	8.73
Net Income to Common Margin (%)	-2.59	5.43	1.69	4.11	0.93	0.35	5.42	8.81	8.73
Effective Tax Rate (%)	- -	11.38	25.03	23.77	- -	56.55	20.6	20.95	27.37
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	405.81	58.9	91.26	28.93	36.19	150.87	94.62	57.01

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	5	6	1	- -	11	23	19	53
ST Debt	- -	1	3	- -	- -	3	6	8	10
LT Debt	- -	4	4	- -	- -	8	16	11	43
Total Debt/EBITDA	- -	0.67	1.2	0.05	0.09	1.42	0.55	0.24	0.52
Net Debt/EBITDA	- -	-0.98	0.72	-2	-8.62	-1.71	-2.04	-1.96	-0.47
Total Debt/EBIT	- -	0.81	1.88	0.07	6.29	5.08	0.68	0.29	0.61
Net Debt/EBIT	- -	-1.18	1.13	-2.42	-595.5	-6.14	-2.53	-2.37	-0.55
EBITDA to Interest Expense	-1.48	19.35	15.1	30.28	69.08	66.18	52.66	75.89	117.72
EBITDA-CapEx/Interest Expense	-23.82	14.77	1.35	9.18	-252.29	-26.42	37.9	47.52	23.95
EBIT to Interest Expense	-3.05	15.96	9.6	25.06	1	18.46	42.52	62.92	101.11
Interest Expense	1	- -	- -	- -	- -	- -	1	1	1
Common Equity/Total Assets	- -	5.73	8.46	8.19	1.45	1.94	10.8	23.13	28.8
Long-Term Debt/Equity (%)	- -	15.54	11.6	0.23	- -	5	8.43	4.06	12.28
Long-Term Debt/Capital (%)	- -	13.91	10.6	2.15	- -	53.28	31.08	10.73	21.27
Long-Term Debt/Total Assets (%)	- -	8.57	5.96	0.19	- -	3.69	5.91	3.04	8.32
Total Debt/Equity (%)	- -	19.95	19.79	0.56	0.22	6.75	11.71	6.95	15.23
Total Debt/Capital (%)	- -	17.85	18.09	5.26	9.71	71.98	43.15	18.37	26.36
Total Debt/Total Assets (%)	- -	10.99	10.17	0.47	0.17	4.98	8.2	5.21	10.31
Net Debt to Equity	- -	-29.14	11.87	-20.75	-20.4	-8.16	-43.67	-55.92	-13.9
Net Debt/Capital (%)	- -	-42.4	11.27	205.68	112.2	-664.98	264.15	308.77	-31.7
EBITDA	-1	8	5	15	4	8	41	77	103
EBITDA-CapEx	-12	6	- -	4	-13	-3	30	48	21
Operating Income (Loss)	-2	7	3	12	- -	2	33	64	88

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.7	0.05	3.78	2.62	1.65	1.79	2.04	0.93
Current Ratio	- -	1.61	1.39	5.3	3.72	3.14	3	3.13	2.16
Quick Ratio	- -	1.32	0.76	4.65	3.33	2.47	2.4	2.73	1.5
CFO/Avg Current Liab	- -	1.36	-0.26	0.45	0.55	-0.19	0.9	0.9	0.34
Common Equity/Total Assets	- -	5.73	8.46	8.19	1.45	1.94	10.8	23.13	28.8
Long-Term Debt/Equity (%)	- -	15.54	11.6	0.23	- -	5	8.43	4.06	12.28
Long-Term Debt/Capital (%)	- -	13.91	10.6	2.15	- -	53.28	31.08	10.73	21.27
Long-Term Debt/Total Assets (%)	- -	8.57	5.96	0.19	- -	3.69	5.91	3.04	8.32
Total Debt/Equity (%)	- -	19.95	19.79	0.56	0.22	6.75	11.71	6.95	15.23
Total Debt/Capital (%)	- -	17.85	18.09	5.26	9.71	71.98	43.15	18.37	26.36
Total Debt/Total Assets (%)	- -	10.99	10.17	0.47	0.17	4.98	8.2	5.21	10.31
CFO/Total Liabilities	- -	51.05	-17.78	39.71	46.31	-14.37	61.7	72	20.13
CFO/CapEx	-0.38	5.89	-1.12	1.12	1.06	-0.77	4.41	2.26	0.41
Altman's Z-Score	- -	3.16	2.94	17.45	13.45	8.82	7.57	13.95	2.78

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	20.85	10.68	11.57	10.9	11	12.01	12.89	12.43
Days Sales Outstanding	- -	17.51	34.16	31.55	33.49	33.18	30.4	28.31	29.36
Inventory Turnover	- -	37.19	11.64	10.81	14.93	13.37	10.36	13.31	10.51
Days Inventory Outstanding	- -	9.81	31.36	33.76	24.45	27.3	35.23	27.43	34.73
Accounts Payable Turnover	- -	16.19	9.35	9.64	9.26	11.07	10.62	10.19	11.02
Accounts Payable Turnover Days	- -	22.54	39.03	37.88	39.4	32.96	34.38	35.82	33.11
Cash Conversion Cycle	- -	4.78	26.49	27.42	18.53	27.53	31.24	19.91	30.98
Inventory to Cash Days	- -	7.69	2.81	-2.21	9.04	5.88	-4.83	0.88	-5.37
Inventories	- -	4	13	13	11	27	33	24	66
Raw Materials	- -	1	2	2	2	6	5	6	18
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	3	9	10	8	19	27	16	50
Other Inventory	- -	1	2	1	1	1	1	2	3

Enterprise Value (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	726	723	606	646	1,615	- -
- Cash & Cash Equivalents	- -	12	1	30	31	13	84	151	49
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	22	23	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	5	6	1	- -	11	23	19	53
Enterprise Value	- -	16	28	629	624	538	552	1,473	-60
Total Capital	- -	31	35	15	3	15	52	102	203
Total Debt/Capital (%)	- -	17.85	18.09	5.26	9.71	71.98	43.15	18.37	26.36
Total Debt / EV	- -	0.34	0.22	- -	- -	0.02	0.04	0.01	-0.89
EV/Sales	- -	0.15	0.2	2.93	2.39	1.49	1.17	2.43	- -
EV/EBITDA	- -	1.95	5.37	42.55	173.7	71.36	13.41	19.22	- -
EV/EBIT	- -	2.37	8.45	51.42	11,998.51	255.91	16.6	23.18	- -
EV/Cash Flow to Firm	- -	1.36	- -	52.91	34.6	- -	10.71	22.45	- -
EV/Free Cash Flow to Firm	- -	1.17	- -	28.34	17.96	214.64	8.75	15.63	- -
Diluted Market Cap	- -	- -	- -	833	782	649	680	1,701	- -
Diluted Enterprise Value	- -	16	28	805	752	646	618	1,569	5
EV per Share	- -	0.47	0.83	21.93	15.59	13.25	13.4	34.39	- -
TTM Sales	74	107	141	214	261	362	472	606	759
TTM EBITDA	-1	8	5	15	4	8	41	77	103
TTM Operating Income	-2	7	3	12	- -	2	33	64	88
TTM Cash Flow to Firm	-4	12	-5	12	18	-8	52	66	34
TTM Free Cash Flow to Firm	8	14	- -	22	35	3	63	94	116

Multiples (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	38.19	22.75	263.75	10.88	18.2	- -
EV/EBIT	- -	2.37	8.45	51.42	11,998.51	255.91	16.6	23.18	- -
Enterprise Value	- -	16	28	629	624	538	552	1,473	-60
Low Price	- -	- -	- -	24.18	15.14	7.89	10	14.16	28.87
EV/Sales	- -	0.15	0.2	2.93	2.39	1.49	1.17	2.43	- -
EV/EBITDA	- -	1.95	5.37	42.55	173.7	71.36	13.41	19.22	- -
Price/Earnings	- -	- -	- -	82.45	297.61	484.79	25.28	30.25	- -
Price/Earnings Average	- -	- -	- -	111.02	344.86	417.36	21.72	24.76	- -
Price/Earnings High	- -	- -	- -	141.06	514.8	629.71	29.29	38.85	- -
Price/Earnings Low	- -	- -	- -	78.75	249.49	256.37	16.11	11.36	- -
Price/Book Value	- -	- -	- -	51.66	262.77	145.68	21.74	19.43	- -
Price/Book Value Average	- -	- -	- -	69.57	304.5	125.42	18.67	15.91	- -
Price/Book Value High	- -	- -	- -	88.39	454.54	189.23	25.19	24.96	- -
Price/Book Value Low	- -	- -	- -	49.35	220.29	77.04	13.86	7.3	- -
Price/Tangible Book Value	- -	- -	- -	5.24	4.89	3.93	3.42	6.08	- -
Price/Tangible Book Value Average	- -	- -	- -	7.05	5.66	3.38	2.94	4.98	- -
Price/Tangible Book Value High	- -	- -	- -	8.96	8.45	5.1	3.97	7.81	- -
Price/Tangible Book Value Low	- -	- -	- -	5	4.1	2.08	2.18	2.29	- -
Price/Sales	- -	- -	- -	3.39	2.77	1.68	1.37	2.66	- -
Price/Sales Average	- -	- -	- -	4.56	3.21	1.44	1.18	2.18	- -
Price/Sales High	- -	- -	- -	5.79	4.79	2.18	1.59	3.42	- -
Price/Sales Low	- -	- -	- -	3.23	2.32	0.89	0.87	1	- -
Price/Cash Flow	- -	- -	- -	63.03	40.88	-74.89	12.7	24.91	- -
Price/Cash Flow Average	- -	- -	- -	84.87	47.37	-64.48	10.91	20.39	- -
Price/Cash Flow High	- -	- -	- -	107.83	70.72	-97.28	14.71	32	- -
Price/Cash Flow Low	- -	- -	- -	60.2	34.27	-39.6	8.09	9.36	- -
Price/Free Cash Flow Average	- -	- -	- -	51.43	26.36	227.07	9.35	14.9	- -
Price/Free Cash Flow High	- -	- -	- -	65.34	39.35	342.59	12.61	23.37	- -
Price/Free Cash Flow Low	- -	- -	- -	36.48	19.07	139.48	6.94	6.84	- -
EV/Sales Average	- -	0.15	0.2	4.43	3.09	1.44	1.05	1.96	0.01
EV/Sales High	- -	0.15	0.2	5.66	4.68	2.17	1.46	3.2	0.01
EV/Sales Low	- -	0.15	0.2	3.1	2.21	0.88	0.74	0.78	0.01
EV/EBITDA Average	- -	1.95	5.37	64.19	224.76	68.91	11.99	15.53	0.05
EV/EBITDA High	- -	1.95	5.37	82.07	339.67	104.12	16.69	25.34	0.05
EV/EBITDA Low	- -	1.95	5.37	44.97	160.26	42.21	8.51	6.2	0.05
EV/EBIT Average	- -	2.37	8.45	77.58	15,525.48	247.1	14.84	18.73	0.05
EV/EBIT High	- -	2.37	8.45	99.19	23,463.52	373.36	20.67	30.56	0.05
EV/EBIT Low	- -	2.37	8.45	54.35	11,070.46	151.38	10.54	7.47	0.05
Last Price	- -	- -	- -	25.31	18.06	14.92	15.69	37.69	31.94
High Price	- -	- -	- -	43.3	31.24	19.38	18.18	48.41	53.13
Enterprise Value Average	- -	16	28	949	807	520	494	1,190	5
Enterprise Value High	- -	16	28	1,213	1,220	786	687	1,942	5
Enterprise Value Low	- -	16	28	665	576	318	350	475	5

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	39	39	39	40	41	42	44	45
Diluted Weighted Avg Shares	36	37	37	33	43	43	43	45	- -
Basic Weighted Avg Shares	34	34	34	29	40	41	41	43	- -
Revenue per Share	2.17	3.13	4.12	7.47	6.52	8.91	11.45	14.15	- -
EBITDA per Share	-0.02	0.24	0.15	0.52	0.09	0.19	1	1.79	- -
Operating Income per Share	-0.05	0.2	0.1	0.43	- -	0.05	0.81	1.48	- -
Basic EPS, GAAP	-0.06	0.17	0.07	0.31	0.06	0.03	0.62	1.25	- -
Basic EPS from Cont Ops	-0.06	0.16	0.1	0.31	0.06	0.03	0.62	1.25	- -
Diluted EPS, GAAP	-0.05	0.16	0.06	0.27	0.06	0.03	0.59	1.18	- -
Diluted EPS from Cont Ops	-0.06	0.15	0.09	0.27	0.05	0.03	0.59	1.18	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.13	0.33	-0.16	0.4	0.44	-0.2	1.24	1.51	- -
Free Cash Flow per Basic Share	-0.48	0.28	-0.3	0.04	0.02	-0.46	0.96	0.84	- -
Cash & Equivalents per Share	- -	0.35	0.04	3.42	2.49	1.94	2.84	3.74	- -
Book Value per Share	- -	0.08	0.15	0.49	0.07	0.1	0.72	1.94	- -
Tangible Book Value per Share	- -	0.69	0.82	4.83	3.7	3.8	4.58	6.19	- -

Vital Farms, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)