Exicure, Inc. Financial Ratios — XCUR Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-44.43	-77.63	-36.53	-22.87	-77.55	-5.86	-96.91	-72.84	-34
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	- -	100	- -
EBITDA Margin (%)	-1,542.66	-104.69	-18,187.29	-1,997.92	-144.4	12,581.78	0.09	- -	-825	- -
Operating Margin (%)	-1,560.04	-107.08	-18,490.68	-2,053.78	-153.11	12,950.1	-6.35	- -	-989.8	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	217.09	- -	39.23	- -	1,033.6
Pretax Margin (%)	-1,635.23	-113.29	-18,994.07	-2,029.55	-148.49	13,271.64	-8.23	- -	-1,938.6	- -
Profit Margin (%)	-1,635.23	-113.29	-18,994.07	-2,029.55	-148.49	13,271.64	-8.96	- -	-1,940.2	- -
Net Income to Common Margin (%)	-1,635.23	-113.29	-18,994.07	-2,029.55	-148.49	13,271.64	-8.96	- -	-1,940.2	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	2024 Y	2025 Y
Total Debt	6	5	5	5	25	15	7	7	6	- -
ST Debt	1	- -	- -	5	- -	7	1	1	1	- -
LT Debt	4	5	5	- -	25	7	7	6	5	- -
Total Debt/EBITDA	-0.35	-0.48	-0.23	-0.21	-1.03	-0.24	292.24	-0.57	-1.44	-0.02
Net Debt/EBITDA	0.87	2.05	0.99	1.68	0.7	0.46	-343.08	0.07	3.03	0.39
Total Debt/EBIT	-0.35	-0.47	-0.23	-0.2	-0.97	-0.24	-3.99	-0.51	-1.2	-0.02
Net Debt/EBIT	0.86	2.01	0.98	1.63	0.66	0.44	4.68	0.06	2.53	0.37
EBITDA to Interest Expense	-22.07	-12.8	-31.94	-32.94	-41.87	-35.94	0.04	- -	-229.17	-9,657
EBITDA-CapEx/Interest Expense	-22.07	-12.8	-31.94	-32.94	-41.87	-35.94	0.04	- -	-229.17	-9,657
EBIT to Interest Expense	-22.32	-13.09	-32.47	-33.86	-44.39	-36.99	-3.08	- -	-274.94	-10,117
Interest Expense	1	1	1	1	1	2	1	- -	- -	- -
Common Equity/Total Assets	-109.86	-115.95	-191.23	-70.52	-105.49	-262.17	-740.09	-1,636.99	-1,323.48	-1,454.38
Long-Term Debt/Equity (%)	181.94	24.31	23.51	0.07	39.91	65.92	45.35	199.24	76.98	- -
Long-Term Debt/Capital (%)	17.34	-16.88	-9.84	-0.08	-30.24	-4.77	-4.09	-3.3	-2.7	- -
Long-Term Debt/Total Assets (%)	21.65	16.75	17.13	0.05	24.44	11.41	29.01	52.15	34.62	- -
Total Debt/Equity (%)	231.5	24.31	23.51	6.58	40.27	131.2	48.96	219.89	87.64	4.48
Total Debt/Capital (%)	22.06	-16.88	-9.84	-7	-30.51	-9.49	-4.42	-3.64	-3.07	-0.09
Total Debt/Total Assets (%)	27.54	16.75	17.13	4.61	24.66	22.72	31.32	57.56	39.42	1.25
Net Debt to Equity	-570.1	-104.68	-101.87	-53.87	-27.11	-247.25	-57.48	-26.92	-184.7	-95.42
Net Debt/Capital (%)	-229.92	38.35	27.96	34.95	14.57	14.62	4.93	0.44	6.08	1.8
EBITDA	-16	-10	-21	-26	-24	-61	- -	-12	-4	-10
EBITDA-CapEx	-16	-10	-21	-26	-24	-61	- -	-12	-4	-10
Operating Income (Loss)	-16	-10	-22	-27	-25	-63	-2	-13	-5	-10

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.61	7.68	12.86	3.56	5.98	1.15	5.23	0.33	4.07	0.96
Current Ratio	1.65	8.24	13.54	3.63	6.29	1.28	6.13	0.81	4.45	1.19
Quick Ratio	1.62	7.69	12.86	3.56	5.98	1.15	5.3	0.42	4.25	0.98
CFO/Avg Current Liab	- -	-2.55	-7.22	0.08	-1.75	-1.46	-2	-4.99	-1.04	-2.46
Common Equity/Total Assets	-109.86	-115.95	-191.23	-70.52	-105.49	-262.17	-740.09	-1,636.99	-1,323.48	-1,454.38
Long-Term Debt/Equity (%)	181.94	24.31	23.51	0.07	39.91	65.92	45.35	199.24	76.98	- -
Long-Term Debt/Capital (%)	17.34	-16.88	-9.84	-0.08	-30.24	-4.77	-4.09	-3.3	-2.7	- -
Long-Term Debt/Total Assets (%)	21.65	16.75	17.13	0.05	24.44	11.41	29.01	52.15	34.62	- -
Total Debt/Equity (%)	231.5	24.31	23.51	6.58	40.27	131.2	48.96	219.89	87.64	4.48
Total Debt/Capital (%)	22.06	-16.88	-9.84	-7	-30.51	-9.49	-4.42	-3.64	-3.07	-0.09
Total Debt/Total Assets (%)	27.54	16.75	17.13	4.61	24.66	22.72	31.32	57.56	39.42	1.25
CFO/Total Liabilities	-27.86	-219.58	-249.71	3.82	-100.85	-64.92	-424.2	-121.15	-35.13	-84.58
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-3.62	-1.47	7.1	3.39	1.1	-6.48	-8.57	-26.39	-16.71	-52.33

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	162	1,230.59	-87.82	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	2.25	0.3	-4.16	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	2024 Y	2025 Y
Market Capitalization	- -	- -	146	246	154	18	5	5	28	34
- Cash & Cash Equivalents	20	26	26	48	33	35	9	1	13	4
+ Preferred Equity and Hybrid Capital	43	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	6	5	5	5	25	15	7	7	6	- -
Enterprise Value	29	-21	124	141	97	-6	4	10	21	31
Total Capital	26	-29	-50	-76	-81	-155	-165	-183	-193	-204
Total Debt/Capital (%)	22.06	-16.88	-9.84	-7	-30.51	-9.49	-4.42	-3.64	-3.07	-0.09
Total Debt / EV	0.2	-0.23	0.04	0.04	0.26	-2.27	1.81	0.63	0.28	0.01
EV/Sales	27.68	- -	1,054.8	108.56	5.84	- -	0.14	- -	42.72	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	161.66	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	66.9	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	66.9	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	146	246	154	18	5	5	28	34
Diluted Enterprise Value	29	-21	124	203	146	-2	4	10	21	31
EV per Share	109.01	- -	453.27	245.19	166.92	22.06	4.37	6.55	10.45	4.85
TTM Sales	1	10	- -	1	17	- -	29	- -	- -	- -
TTM EBITDA	-16	-10	-21	-26	-24	-61	- -	-12	-4	-10
TTM Operating Income	-16	-10	-22	-27	-25	-63	-2	-13	-5	-10
TTM Cash Flow to Firm	-4	-19	-19	2	-39	-33	-35	-10	-3	-9
TTM Free Cash Flow to Firm	-4	-19	-19	2	-39	-33	-35	-10	-3	-9

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	-7.48	186.91	-3.93	-0.51	-0.15	-0.45	-9.6	-3.99
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	29	-21	124	141	97	-6	4	10	21	31
Low Price	- -	- -	417.15	243	143.6	28.2	3.15	1.82	1.44	3.1
EV/Sales	27.68	- -	1,054.8	108.56	5.84	- -	0.14	- -	42.72	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	161.66	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-8.28	-8.83	-7.39	-2.12	-5.98	-0.45	-0.94	-10.13
Price/Earnings High	- -	- -	-11.95	-12.57	-11.67	-3.91	-18.17	-0.84	-7.58	-20.26
Price/Earnings Low	- -	- -	-5.11	-5.3	-3.38	-0.26	-1.13	-0.17	-0.3	-3.95
Price/Book Value	- -	- -	-2.65	-3.03	-1.46	-0.11	-0.03	-0.02	-0.14	-0.17
Price/Book Value Average	- -	- -	-3.37	-2.86	-1.72	-0.8	-0.09	-0.04	-0.05	-0.25
Price/Book Value High	- -	- -	-4.87	-4.07	-2.72	-1.47	-0.27	-0.08	-0.37	-0.49
Price/Book Value Low	- -	- -	-2.08	-1.72	-0.79	-0.1	-0.02	-0.02	-0.01	-0.1
Price/Tangible Book Value	- -	- -	6.96	3.05	2.51	1.59	0.36	1.53	4.12	-8.02
Price/Tangible Book Value Average	- -	- -	8.85	2.87	2.96	12.08	1.04	2.5	1.35	-11.77
Price/Tangible Book Value High	- -	- -	12.78	4.09	4.68	22.33	3.14	4.71	10.86	-23.53
Price/Tangible Book Value Low	- -	- -	5.47	1.73	1.36	1.48	0.2	0.96	0.43	-4.59
Price/Sales	- -	- -	1,235.67	189.94	9.29	-37.09	0.18	- -	55.86	- -
Price/Sales Average	- -	- -	1,572.12	179.12	10.98	-281.03	0.54	- -	18.31	- -
Price/Sales High	- -	- -	2,268.89	255.02	17.32	-519.23	1.63	- -	147.12	- -
Price/Sales Low	- -	- -	970.74	107.59	5.03	-34.49	0.1	- -	5.88	- -
Price/Cash Flow	- -	- -	-7.48	186.91	-3.93	-0.51	-0.15	-0.45	-9.6	-3.99
Price/Cash Flow Average	- -	- -	-9.52	176.26	-4.64	-3.9	-0.43	-0.73	-3.15	-5.86
Price/Cash Flow High	- -	- -	-13.74	250.95	-7.33	-7.2	-1.32	-1.38	-25.28	-11.71
Price/Cash Flow Low	- -	- -	-5.88	105.87	-2.13	-0.48	-0.08	-0.28	-1.01	-2.28
Price/Free Cash Flow Average	- -	- -	-9.52	176.26	-4.64	-3.9	-0.43	-0.73	-3.15	-5.86
Price/Free Cash Flow High	- -	- -	-13.74	250.95	-7.33	-7.2	-1.32	-1.38	-25.28	-11.71
Price/Free Cash Flow Low	- -	- -	-5.88	105.87	-2.13	-0.48	-0.08	-0.28	-1.01	-2.28
EV/Sales Average	27.68	- -	1,391.25	145.83	10.47	- -	0.49	- -	5.16	- -
EV/Sales High	27.68	- -	2,088.02	221.73	16.81	- -	1.58	- -	133.97	- -
EV/Sales Low	27.68	- -	789.86	74.3	4.51	- -	0.06	- -	- -	- -
EV/EBITDA Average	-1.79	2.05	-7.65	-7.3	-7.25	-1.91	567.06	-1.14	-0.63	-4.82
EV/EBITDA High	-1.79	2.05	-11.48	-11.1	-11.64	-3.8	1,825.77	-1.71	-16.24	-10
EV/EBITDA Low	-1.79	2.05	-4.34	-3.72	-3.13	0.05	65.57	-0.75	0.88	-1.65
EV/EBIT Average	-1.77	2.01	-7.52	-7.1	-6.84	-1.85	-7.74	-1.02	-0.52	-4.6
EV/EBIT High	-1.77	2.01	-11.29	-10.8	-10.98	-3.69	-24.93	-1.53	-13.54	-9.55
EV/EBIT Low	-1.77	2.01	-4.27	-3.62	-2.95	0.05	-0.9	-0.67	0.73	-1.58
Last Price	- -	- -	531	429	265.5	30.32	5.75	2.9	13.67	5.42
High Price	- -	- -	975	576	495	424.5	50.78	8.9	36	15.91
Enterprise Value Average	29	-21	164	189	174	116	14	13	3	47
Enterprise Value High	29	-21	246	287	279	231	46	20	67	97
Enterprise Value Low	29	-21	93	96	75	-3	2	9	-4	16

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	- -	- -	1	1	1	1	2	6	6
Diluted Weighted Avg Shares	- -	- -	- -	1	1	1	1	2	2	6
Basic Weighted Avg Shares	- -	- -	- -	1	1	1	1	2	2	6
Revenue per Share	3.94	36.95	0.43	2.26	28.58	-0.82	31.2	- -	0.24	- -
EBITDA per Share	-60.76	-38.68	-78.16	-45.13	-41.26	-102.86	0.03	-7.34	-2.02	-1.53
Operating Income per Share	-61.44	-39.57	-79.46	-46.39	-43.75	-105.88	-1.98	-8.2	-2.42	-1.61
Basic EPS, GAAP	-64.41	-41.86	-81.62	-45.84	-42.43	-108.5	-2.79	-10.55	-4.75	-0.79
Basic EPS from Cont Ops	-64.41	-41.86	-81.62	-45.84	-42.43	-108.5	-2.79	-10.55	-4.75	-0.79
Diluted EPS, GAAP	-64.41	-41.86	-81.62	-45.84	-42.43	-108.5	-2.79	-10.55	-4.75	-0.79
Diluted EPS from Cont Ops	-64.41	-41.86	-81.62	-45.84	-42.43	-108.5	-2.79	-10.55	-4.75	-0.79
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-19.2	-75.23	-70.97	2.3	-67.55	-58.94	-38.6	-6.46	-1.42	-1.36
Free Cash Flow per Basic Share	-19.2	-75.23	-70.97	2.3	-67.55	-58.94	-38.6	-6.46	-1.42	-1.36
Cash & Equivalents per Share	74.6	97.95	95.66	193.08	141.19	66.25	9.28	0.51	6.12	0.59
Book Value per Share	-85.94	-127.78	-200.26	-141.67	-182.26	-287.87	-186.87	-118.27	-97.52	-32.43
Tangible Book Value per Share	-152.76	75.94	76.3	140.72	105.8	19.01	16.15	1.89	3.31	-0.68

Exicure, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)