AdvanSix Inc. (ASIX) · 11+ Years of Financial Ratios

Profitability	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 (%)	- -	- -	- -	- -	- -	42.68	19.8	18.25	40.67	35.09	9.31
Return on Assets (%)	- -	20.38	7.67	3.91	15.01	6.35	3.64	3.69	10.86	12.25	3.65
Return on Capital (%)	- -	- -	- -	28.41	- -	18.57	8.67	7.92	21.29	23.49	7.25
Return on Invested Capital (%)	- -	39.44	13.83	7.17	- -	11.4	6.39	6.31	16.91	18.75	5.54
Gross Margin (%)	13.35	10.24	11.27	9.06	15.39	11.52	10.44	11.55	16.27	16.16	10.76
EBITDA Margin (%)	12.44	9.11	10.06	7.93	13.75	9.67	9.01	10.68	15.22	15.22	9.3
Operating Margin (%)	10.33	7.23	7.32	4.55	10.47	6.16	4.63	5.43	11.35	11.65	4.54
Incremental Operating Margin (%)	- -	-223.04	6.95	31.31	35.32	-153.63	15.24	-1.99	24.35	13.64	38.15
Pretax Margin (%)	10.43	7.38	7.54	4.51	9.8	5.66	4.11	4.75	10.99	11.6	4.51
Profit Margin (%)	6.72	4.68	4.8	2.87	9.94	4.37	3.19	3.98	8.3	8.83	3.56
Net Income to Common Margin (%)	6.72	4.68	4.8	2.87	9.94	4.37	3.19	3.98	8.3	8.83	3.56
Effective Tax Rate (%)	35.57	36.49	36.37	36.5	- -	22.76	22.5	16.27	24.48	23.87	21.09
Dvd Payout Ratio (%)	- -	- -	- -	788.79	- -	- -	- -	- -	2.52	8.77	30.49
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	42.68	19.8	18.25	39.65	32.01	6.47

Credit	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	- -	- -	- -	265	265	200	433	390	272	230	266
ST Debt	- -	- -	- -	- -	17	- -	38	29	36	37	32
LT Debt	- -	- -	- -	265	248	200	395	361	236	193	234
Total Debt/EBITDA	- -	- -	- -	2.8	1.31	1.37	3.71	3.15	1.06	0.78	1.87
Net Debt/EBITDA	- -	- -	- -	2.65	1.03	1.3	2.48	2.14	0.47	0.28	0.98
Total Debt/EBIT	- -	- -	- -	4.89	1.72	2.14	7.21	6.2	1.42	1.01	3.82
Net Debt/EBIT	- -	- -	- -	4.63	1.36	2.04	4.82	4.2	0.63	0.37	2.02
EBITDA to Interest Expense	- -	- -	- -	- -	- -	19.55	21.44	15.88	51.06	106.47	19.05
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	4.98	-6.12	5.24	39.75	74.3	4.7
EBIT to Interest Expense	- -	- -	- -	- -	- -	12.45	11.02	8.07	38.05	81.53	9.29
Interest Expense	- -	- -	- -	- -	- -	7	5	8	5	3	7
Common Equity/Total Assets	- -	- -	- -	-2.7	11.64	18.18	18.57	21.81	31.39	37.97	40.47
Long-Term Debt/Equity (%)	- -	- -	- -	122.97	65.99	47.58	98.62	81.19	39.19	26.09	31.65
Long-Term Debt/Capital (%)	- -	- -	- -	110.15	64.09	51.53	59.65	54.19	34.46	24.14	26.85
Long-Term Debt/Total Assets (%)	- -	- -	- -	29.27	23.65	19.33	31.99	28.54	17.96	12.88	15.64
Total Debt/Equity (%)	- -	- -	- -	122.97	70.47	47.58	108.1	87.79	45.19	31.16	35.98
Total Debt/Capital (%)	- -	- -	- -	110.15	68.44	51.53	65.38	58.59	39.75	28.83	30.53
Total Debt/Total Assets (%)	- -	- -	- -	29.27	25.25	19.33	35.06	30.86	20.71	15.38	17.78
Net Debt to Equity	- -	- -	- -	116.38	55.74	45.25	72.33	59.53	19.94	11.38	18.97
Net Debt/Capital (%)	- -	- -	- -	110.79	63.17	50.27	44.21	40.38	17.94	10.96	16.66
EBITDA	220	163	134	95	203	146	117	124	256	296	143
EBITDA-CapEx	146	62	37	11	116	37	-33	41	200	207	35
Operating Income (Loss)	182	129	97	54	154	93	60	63	191	227	70

Liquidity	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	- -	- -	- -	0.05	0.19	0.03	0.02	0.04	0.05	0.08	0.08
Current Ratio	- -	1.15	1.16	1.03	1.31	1.09	1	1.16	1.13	1.12	1.17
Quick Ratio	- -	0.58	0.52	0.53	0.85	0.6	0.39	0.51	0.63	0.55	0.55
CFO/Avg Current Liab	- -	1.3	0.38	0.44	0.47	0.6	0.42	0.39	0.73	0.78	0.31
Common Equity/Total Assets	- -	- -	- -	-2.7	11.64	18.18	18.57	21.81	31.39	37.97	40.47
Long-Term Debt/Equity (%)	- -	- -	- -	122.97	65.99	47.58	98.62	81.19	39.19	26.09	31.65
Long-Term Debt/Capital (%)	- -	- -	- -	110.15	64.09	51.53	59.65	54.19	34.46	24.14	26.85
Long-Term Debt/Total Assets (%)	- -	- -	- -	29.27	23.65	19.33	31.99	28.54	17.96	12.88	15.64
Total Debt/Equity (%)	- -	- -	- -	122.97	70.47	47.58	108.1	87.79	45.19	31.16	35.98
Total Debt/Capital (%)	- -	- -	- -	110.15	68.44	51.53	65.38	58.59	39.75	28.83	30.53
Total Debt/Total Assets (%)	- -	- -	- -	29.27	25.25	19.33	35.06	30.86	20.71	15.38	17.78
CFO/Total Liabilities	- -	46.38	28.06	16.49	19.97	28.23	14.42	13.65	30.79	36.14	15.53
CFO/CapEx	1.62	1.86	1.05	1.35	1.56	1.59	0.8	1.35	3.85	3.06	1.09
Altman's Z-Score	- -	2.81	2.06	2.11	3.35	2.78	1.87	1.86	3.42	3.38	2.57

Working Capital	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	- -	21.61	9.01	9.58	9.58	8.55	9.56	10.17	11.31	11.2	9.37
Days Sales Outstanding	- -	16.89	40.51	38.12	38.1	42.7	38.16	35.88	32.28	32.6	38.94
Inventory Turnover	- -	20.7	7.72	7.76	9.67	10.06	7.52	5.82	8.56	8.94	6.4
Days Inventory Outstanding	- -	17.63	47.26	47.02	37.75	36.27	48.52	62.69	42.65	40.85	56.99
Accounts Payable Turnover	- -	15.14	5.52	5.11	5.54	5.87	5.47	5.21	6.71	6.87	5.13
Accounts Payable Turnover Days	- -	24.11	66.11	71.4	65.88	62.18	66.75	70.02	54.41	53.12	71.11
Cash Conversion Cycle	- -	10.42	21.66	13.74	9.97	16.79	19.92	28.55	20.51	20.32	24.81
Inventory to Cash Days	- -	-0.74	-6.75	-8.9	0.35	6.44	-10.36	-26.81	-10.38	-8.25	-18.05
Inventories	- -	155	150	129	129	137	172	180	150	216	212
Raw Materials	- -	116	97	92	72	80	89	116	84	155	190
Work In Process	- -	65	56	48	51	47	56	54	44	65	55
Finished Goods	- -	39	36	19	35	39	59	45	28	61	62
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	- -	685	1,305	719	539	558	1,318	1,044	817
- Cash & Cash Equivalents	- -	- -	- -	14	55	10	7	11	15	31	30
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	265	265	200	433	390	272	230	266
Enterprise Value	- -	- -	- -	935	1,515	909	966	938	1,575	1,243	1,053
Total Capital	- -	- -	- -	240	388	388	663	665	684	798	871
Total Debt/Capital (%)	- -	- -	- -	110.15	68.44	51.53	65.38	58.59	39.75	28.83	30.53
Total Debt / EV	- -	- -	- -	0.28	0.18	0.22	0.45	0.42	0.17	0.19	0.25
EV/Sales	- -	- -	- -	0.78	1.03	0.6	0.74	0.81	0.93	0.64	0.69
EV/EBITDA	- -	- -	- -	9.9	7.47	6.21	8.26	7.58	6.14	4.2	7.39
EV/EBIT	- -	- -	- -	17.26	9.81	9.75	16.07	14.91	8.24	5.48	15.14
EV/Cash Flow to Firm	- -	- -	- -	8.22	11.25	5.07	7.75	7.92	7.07	4.51	8.53
EV/Free Cash Flow to Firm	- -	- -	- -	4.73	6.85	3.15	3.51	4.66	5.64	3.4	4.56
Diluted Market Cap	- -	- -	- -	685	1,331	759	558	561	1,361	1,104	855
Diluted Enterprise Value	- -	- -	- -	936	1,541	949	985	940	1,617	1,303	1,091
EV per Share	- -	- -	- -	30.68	49.69	30.98	34.59	33.45	55.97	45.29	39.36
TTM Sales	1,767	1,790	1,329	1,192	1,475	1,515	1,297	1,158	1,685	1,946	1,534
TTM EBITDA	220	163	134	95	203	146	117	124	256	296	143
TTM Operating Income	182	129	97	54	154	93	60	63	191	227	70
TTM Cash Flow to Firm	120	188	102	114	135	179	125	118	223	276	123
TTM Free Cash Flow to Firm	194	290	199	198	221	288	275	201	279	365	231

Multiples	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	20.05	8.9	11.16	13.14	12.13	9.44	6.19	15.26
Price/Earnings Average	- -	- -	- -	15.97	6.79	16.02	17.75	8.64	6.87	6.61	17.33
Price/Earnings High	- -	- -	- -	20.15	9.24	19.75	22.91	12.41	10.05	8.66	21.64
Price/Earnings Low	- -	- -	- -	12.51	4.45	10.41	13.19	5.18	3.98	5.1	12.02
Price/Book Value	- -	- -	- -	-28.05	10.67	3.82	2.35	2.03	3.2	1.84	1.35
Price/Book Value Average	- -	- -	- -	-22.34	8.15	5.49	3.17	1.44	2.33	1.96	1.53
Price/Book Value High	- -	- -	- -	-28.19	11.08	6.77	4.1	2.07	3.41	2.57	1.91
Price/Book Value Low	- -	- -	- -	-17.5	5.33	3.57	2.36	0.87	1.35	1.52	1.06
Price/Tangible Book Value	- -	- -	- -	3.42	3.61	1.77	1.4	1.3	2.33	1.65	1.28
Price/Tangible Book Value Average	- -	- -	- -	2.72	2.76	2.55	1.89	0.93	1.7	1.76	1.46
Price/Tangible Book Value High	- -	- -	- -	3.43	3.75	3.14	2.44	1.33	2.48	2.31	1.82
Price/Tangible Book Value Low	- -	- -	- -	2.13	1.81	1.66	1.4	0.56	0.98	1.36	1.01
Price/Sales	- -	- -	- -	0.57	0.88	0.49	0.42	0.48	0.78	0.55	0.54
Price/Sales Average	- -	- -	- -	0.46	0.68	0.7	0.57	0.34	0.57	0.58	0.62
Price/Sales High	- -	- -	- -	0.58	0.92	0.86	0.73	0.49	0.83	0.77	0.77
Price/Sales Low	- -	- -	- -	0.36	0.44	0.46	0.42	0.21	0.33	0.45	0.43
Price/Cash Flow	- -	- -	- -	6.02	9.69	4.26	4.51	5	6.03	3.89	7.09
Price/Cash Flow Average	- -	- -	- -	4.79	7.4	6.12	6.1	3.56	4.39	4.15	8.05
Price/Cash Flow High	- -	- -	- -	6.05	10.07	7.55	7.87	5.11	6.42	5.44	10.05
Price/Cash Flow Low	- -	- -	- -	3.75	4.85	3.98	4.53	2.13	2.54	3.2	5.58
Price/Free Cash Flow	- -	- -	- -	3.46	6.02	2.69	2.06	2.88	4.94	3.04	3.8
Price/Free Cash Flow Average	- -	- -	- -	2.76	4.6	3.86	2.79	2.05	3.6	3.25	4.32
Price/Free Cash Flow High	- -	- -	- -	3.48	6.25	4.75	3.6	2.95	5.26	4.26	5.39
Price/Free Cash Flow Low	- -	- -	- -	2.16	3.01	2.51	2.07	1.23	2.08	2.51	2.99
EV/Sales	- -	- -	- -	0.78	1.03	0.6	0.74	0.81	0.93	0.64	0.69
EV/Sales Average	- -	- -	- -	0.67	0.82	0.81	0.89	0.67	0.72	0.68	0.76
EV/Sales High	- -	- -	- -	0.79	1.06	0.97	1.05	0.82	0.99	0.85	0.91
EV/Sales Low	- -	- -	- -	0.57	0.58	0.57	0.75	0.53	0.48	0.54	0.57
EV/EBITDA	- -	- -	- -	9.9	7.47	6.21	8.26	7.58	6.14	4.2	7.39
EV/EBITDA Average	- -	- -	- -	8.42	5.95	8.35	9.88	6.28	4.75	4.44	8.16
EV/EBITDA High	- -	- -	- -	9.93	7.72	9.99	11.69	7.69	6.47	5.61	9.78
EV/EBITDA Low	- -	- -	- -	7.17	4.25	5.88	8.28	4.99	3.17	3.58	6.17
EV/EBIT	- -	- -	- -	17.26	9.81	9.75	16.07	14.91	8.24	5.48	15.14
EV/EBIT Average	- -	- -	- -	14.69	7.81	13.11	19.22	12.36	6.37	5.8	16.73
EV/EBIT High	- -	- -	- -	17.32	10.14	15.69	22.74	15.12	8.69	7.32	20.05
EV/EBIT Low	- -	- -	- -	12.51	5.58	9.23	16.1	9.83	4.25	4.67	12.64
Last Price	- -	- -	- -	22.46	42.81	24.5	19.32	19.92	46.85	38.04	30.53
High Price	- -	- -	- -	22.57	44.46	43.37	33.69	20.39	49.89	53.23	43.29
Low Price	- -	- -	- -	14.01	21.4	22.86	19.4	8.51	19.78	31.35	24.04
Enterprise Value	- -	- -	- -	935	1,515	909	966	938	1,575	1,243	1,053
Enterprise Value Average	- -	- -	- -	796	1,206	1,223	1,155	777	1,217	1,314	1,164
Enterprise Value High	- -	- -	- -	939	1,565	1,463	1,367	951	1,661	1,660	1,394
Enterprise Value Low	- -	- -	- -	678	862	861	968	618	813	1,060	879

Per Share Data Items	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	31	31	31	30	30	29	28	28	28	27	27
Diluted Weighted Avg Shares	31	31	31	31	31	31	29	28	29	29	28
Basic Weighted Avg Shares	31	31	31	30	30	30	28	28	28	28	27
Revenue per Share	56.64	58.47	43.42	39.09	48.39	50.21	46.13	41.28	59.84	69.56	56.17
EBITDA per Share	7.04	5.32	4.37	3.1	6.65	4.86	4.16	4.41	9.11	10.59	5.22
Operating Income per Share	5.85	4.23	3.18	1.78	5.06	3.09	2.14	2.24	6.79	8.11	2.55
Basic EPS, GAAP	3.81	2.74	2.08	1.12	4.81	2.2	1.47	1.64	4.97	6.15	2
Basic EPS from Cont Ops	3.81	2.74	2.08	1.12	4.81	2.2	1.47	1.64	4.97	6.15	2
Diluted EPS, GAAP	3.81	2.74	2.08	1.12	4.72	2.14	1.43	1.64	4.81	5.92	1.95
Diluted EPS from Cont Ops	3.81	2.74	2.08	1.12	4.72	2.14	1.43	1.64	4.81	5.92	1.95
Dividend per Share	- -	- -	- -	8.84	- -	- -	- -	- -	0.12	0.54	0.61
Cash Flow per Share	3.85	6.15	3.32	3.73	4.42	5.75	4.28	3.99	7.77	9.78	4.31
Free Cash Flow per Basic Share	1.48	2.84	0.14	0.98	1.58	2.13	-1.06	1.03	5.76	6.58	0.37
Cash & Equivalents per Share	- -	- -	- -	0.47	1.82	0.33	0.25	0.38	0.54	1.13	1.11
Book Value per Share	- -	- -	- -	-0.8	4.01	6.41	8.22	9.83	14.64	20.69	22.63
Tangible Book Value per Share	- -	13.12	15.16	6.57	11.85	13.81	13.82	15.31	20.1	23.05	23.81

AdvanSix Inc.

ASIX US

23.16

23.16