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
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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	7.88

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
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	726	723	606	646	1,615	1,424
- 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	1,364
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	0.04
EV/Sales	- -	0.15	0.2	2.93	2.39	1.49	1.17	2.43	1.8
EV/EBITDA	- -	1.95	5.37	42.55	173.7	71.36	13.41	19.22	13.26
EV/EBIT	- -	2.37	8.45	51.42	11,998.51	255.91	16.6	23.18	15.44
EV/Cash Flow to Firm	- -	1.36	- -	52.91	34.6	- -	10.71	22.45	39.72
EV/Free Cash Flow to Firm	- -	1.17	- -	28.34	17.96	214.64	8.75	15.63	11.73
Diluted Market Cap	- -	- -	- -	833	782	649	680	1,701	1,470
Diluted Enterprise Value	- -	16	28	805	752	646	618	1,569	1,475
EV per Share	- -	0.47	0.83	21.93	15.59	13.25	13.4	34.39	30.6
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
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	38.19	22.75	263.75	10.88	18.2	12.71
EV/EBIT	- -	2.37	8.45	51.42	11,998.51	255.91	16.6	23.18	15.44
Enterprise Value	- -	16	28	629	624	538	552	1,473	1,364
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	1.8
EV/EBITDA	- -	1.95	5.37	42.55	173.7	71.36	13.41	19.22	13.26
Price/Earnings	- -	- -	- -	82.45	297.61	484.79	25.28	30.25	21.49
Price/Earnings Average	- -	- -	- -	111.02	344.86	417.36	21.72	24.76	24.98
Price/Earnings High	- -	- -	- -	141.06	514.8	629.71	29.29	38.85	35.74
Price/Earnings Low	- -	- -	- -	78.75	249.49	256.37	16.11	11.36	19.42
Price/Book Value	- -	- -	- -	51.66	262.77	145.68	21.74	19.43	9.53
Price/Book Value Average	- -	- -	- -	69.57	304.5	125.42	18.67	15.91	11.08
Price/Book Value High	- -	- -	- -	88.39	454.54	189.23	25.19	24.96	15.86
Price/Book Value Low	- -	- -	- -	49.35	220.29	77.04	13.86	7.3	8.62
Price/Tangible Book Value	- -	- -	- -	5.24	4.89	3.93	3.42	6.08	4.1
Price/Tangible Book Value Average	- -	- -	- -	7.05	5.66	3.38	2.94	4.98	4.77
Price/Tangible Book Value High	- -	- -	- -	8.96	8.45	5.1	3.97	7.81	6.82
Price/Tangible Book Value Low	- -	- -	- -	5	4.1	2.08	2.18	2.29	3.71
Price/Sales	- -	- -	- -	3.39	2.77	1.68	1.37	2.66	1.88
Price/Sales Average	- -	- -	- -	4.56	3.21	1.44	1.18	2.18	2.18
Price/Sales High	- -	- -	- -	5.79	4.79	2.18	1.59	3.42	3.12
Price/Sales Low	- -	- -	- -	3.23	2.32	0.89	0.87	1	1.69
Price/Cash Flow	- -	- -	- -	63.03	40.88	-74.89	12.7	24.91	42.24
Price/Cash Flow Average	- -	- -	- -	84.87	47.37	-64.48	10.91	20.39	49.1
Price/Cash Flow High	- -	- -	- -	107.83	70.72	-97.28	14.71	32	70.26
Price/Cash Flow Low	- -	- -	- -	60.2	34.27	-39.6	8.09	9.36	38.18
Price/Free Cash Flow Average	- -	- -	- -	51.43	26.36	227.07	9.35	14.9	14.77
Price/Free Cash Flow High	- -	- -	- -	65.34	39.35	342.59	12.61	23.37	21.14
Price/Free Cash Flow Low	- -	- -	- -	36.48	19.07	139.48	6.94	6.84	11.49
EV/Sales Average	- -	0.15	0.2	4.43	3.09	1.44	1.05	1.96	2.19
EV/Sales High	- -	0.15	0.2	5.66	4.68	2.17	1.46	3.2	3.13
EV/Sales Low	- -	0.15	0.2	3.1	2.21	0.88	0.74	0.78	1.7
EV/EBITDA Average	- -	1.95	5.37	64.19	224.76	68.91	11.99	15.53	16.14
EV/EBITDA High	- -	1.95	5.37	82.07	339.67	104.12	16.69	25.34	23.07
EV/EBITDA Low	- -	1.95	5.37	44.97	160.26	42.21	8.51	6.2	12.56
EV/EBIT Average	- -	2.37	8.45	77.58	15,525.48	247.1	14.84	18.73	18.79
EV/EBIT High	- -	2.37	8.45	99.19	23,463.52	373.36	20.67	30.56	26.86
EV/EBIT Low	- -	2.37	8.45	54.35	11,070.46	151.38	10.54	7.47	14.62
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	1,660
Enterprise Value High	- -	16	28	1,213	1,220	786	687	1,942	2,374
Enterprise Value Low	- -	16	28	665	576	318	350	475	1,292

Shares Outstanding	- -	39	39	39	40	41	42	44	45
Diluted Weighted Avg Shares	36	37	37	33	43	43	43	45	46
Basic Weighted Avg Shares	34	34	34	29	40	41	41	43	45
Revenue per Share	2.17	3.13	4.12	7.47	6.52	8.91	11.45	14.15	17.03
EBITDA per Share	-0.02	0.24	0.15	0.52	0.09	0.19	1	1.79	2.31
Operating Income per Share	-0.05	0.2	0.1	0.43	- -	0.05	0.81	1.48	1.98
Basic EPS, GAAP	-0.06	0.17	0.07	0.31	0.06	0.03	0.62	1.25	1.49
Basic EPS from Cont Ops	-0.06	0.16	0.1	0.31	0.06	0.03	0.62	1.25	1.49
Diluted EPS, GAAP	-0.05	0.16	0.06	0.27	0.06	0.03	0.59	1.18	1.44
Diluted EPS from Cont Ops	-0.06	0.15	0.09	0.27	0.05	0.03	0.59	1.18	1.44
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.13	0.33	-0.16	0.4	0.44	-0.2	1.24	1.51	0.76
Free Cash Flow per Basic Share	-0.48	0.28	-0.3	0.04	0.02	-0.46	0.96	0.84	-1.08
Cash & Equivalents per Share	- -	0.35	0.04	3.42	2.49	1.94	2.84	3.74	2.54
Book Value per Share	- -	0.08	0.15	0.49	0.07	0.1	0.72	1.94	3.35
Tangible Book Value per Share	- -	0.69	0.82	4.83	3.7	3.8	4.58	6.19	7.79

Vital Farms, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)