Terex Corporation (TEX) · 10+ Years of Financial Ratios

Profitability	2009 Y	2010 Y	2011 Y	2012 Y	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 (%)	-34.39	31.48	3.39	7.47	14.31	17.36	7.13	-8.79	6.61	8.28	7.15	-1.39	26.16	28.05	36.01
Return on Assets (%)	-7.14	6.38	0.72	1.53	3.4	5.12	2.52	-3.31	3.04	3.27	1.63	-0.34	7.49	10.03	15.39
Return on Capital (%)	- -	- -	2.98	5.72	8.77	11.27	5.4	- -	5.08	6.8	6.58	2.24	14.89	18.96	26.87
Return on Invested Capital (%)	- -	- -	0.76	5.9	7.05	9.3	6.67	- -	3.53	10.32	13.64	2.68	14.01	18.48	26.8
Gross Margin (%)	6.8	13.65	14.78	19.67	20.32	19.89	20	16.03	18.7	18.86	20.39	17.53	19.49	19.72	22.84
EBITDA Margin (%)	-8.98	0.7	3.21	7.51	8.07	7.92	7.92	2.81	5.5	6.89	8.84	3.84	9.73	10.58	13.45
Operating Margin (%)	-11.37	-1.67	1.26	5.42	5.92	5.79	5.96	0.63	3.98	5.72	7.7	2.22	8.44	9.51	12.36
Incremental Operating Margin (%)	- -	- -	7.47	37.51	-7.75	1.78	4.34	17.22	-182.43	15.72	-5.4	20.88	32.03	17.33	29.5
Pretax Margin (%)	-14.39	-5.39	1.31	2.12	4.11	4.07	3.46	-6.09	2.57	2.9	5.69	0.36	6.79	8.3	11.25
Profit Margin (%)	-9.85	8.11	0.7	1.44	3.19	4.36	2.23	-3.96	2.95	2.22	1.25	-0.34	5.68	6.79	10.06
Net Income to Common Margin (%)	-9.85	8.11	0.7	1.44	3.19	4.36	2.23	-3.96	2.95	2.22	1.25	-0.34	5.68	6.79	10.06
Effective Tax Rate (%)	- -	- -	60.19	34.83	30	12.69	35.75	- -	46.43	25.15	15.27	18.18	17.55	18.11	10.87
Dvd Payout Ratio (%)	- -	- -	- -	- -	2.77	8.38	17.35	-15.57	49.17	26.95	14.97	93.33	15.4	11.86	8.36
Sustainable Growth Rate (%)	-34.39	31.48	3.39	7.47	13.92	15.9	5.89	-10.16	3.36	6.05	6.08	-0.09	22.13	24.72	33

Credit	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	1,966	1,686	2,300	2,099	1,977	1,789	1,831	1,576	985	1,219	1,176	1,174	674	776	623
ST Debt	74	347	77	84	87	152	80	14	5	5	7	8	6	2	3
LT Debt	1,893	1,340	2,223	2,015	1,890	1,636	1,751	1,562	980	1,215	1,169	1,166	668	774	620
Total Debt/EBITDA	-5.42	54.4	11.02	3.8	3.46	3.09	3.53	12.62	4.1	3.45	3.06	9.94	1.78	1.66	0.9
Net Debt/EBITDA	-2.86	25.55	7.31	2.58	2.75	2.26	2.63	9.19	1.49	2.41	1.67	4.31	1.08	1.01	0.36
Total Debt/EBIT	-4.28	-22.85	28.02	5.27	4.72	4.23	4.7	55.88	5.67	4.16	3.51	17.16	2.06	1.85	0.98
Net Debt/EBIT	-2.25	-10.73	18.59	3.56	3.74	3.1	3.5	40.68	2.06	2.9	1.91	7.44	1.24	1.12	0.4
EBITDA to Interest Expense	-3.04	0.21	1.55	3.35	4.53	4.86	4.95	1.22	3.56	4.83	4.38	1.79	7.34	9.52	10.95
EBITDA-CapEx/Interest Expense	-3.46	-0.17	0.96	2.85	3.87	4.18	3.96	0.51	2.91	3.41	3.14	0.81	6.18	7.28	8.94
EBIT to Interest Expense	-3.85	-0.51	0.61	2.42	3.32	3.55	3.73	0.28	2.57	4.01	3.81	1.04	6.37	8.55	10.06
Interest Expense	119	145	135	165	126	119	105	102	68	73	88	66	52	49	63
Common Equity/Total Assets	16.79	23.89	19.27	21.76	25.84	33.5	37.36	37.93	57.68	21.51	24.16	24.78	32.75	38.53	46.35
Long-Term Debt/Equity (%)	113.04	63.44	101.57	99.19	85.33	80.25	91.58	102.68	80.13	141.08	125.37	126.55	60.25	65.49	37.1
Long-Term Debt/Capital (%)	64.16	44.17	56.41	56.11	51.21	42.97	44.09	44.48	32.84	61.67	60	60.58	41.47	39.13	26.99
Long-Term Debt/Total Assets (%)	33.13	24.28	31.43	29.85	28.91	27.6	31.06	31.2	28.29	34.85	36.58	38.47	23.35	24.81	17.16
Total Debt/Equity (%)	117.44	79.87	105.09	103.32	89.25	87.72	95.77	103.59	80.56	141.63	126.11	127.38	60.75	65.65	37.27
Total Debt/Capital (%)	66.66	55.61	58.36	58.44	53.56	46.97	46.11	44.88	33.02	61.91	60.36	60.98	41.82	39.23	27.11
Total Debt/Total Assets (%)	34.41	30.57	32.51	31.1	30.24	30.18	32.48	31.47	28.44	34.98	36.79	38.72	23.54	24.87	17.24
Net Debt to Equity	61.93	37.52	69.73	69.94	70.82	64.27	71.38	75.42	29.31	98.89	68.71	55.21	36.7	39.91	15.1
Net Debt/Capital (%)	51.32	37.05	48.19	48.77	47.79	39.36	38.93	37.21	15.21	53.16	45.34	40.38	30.28	28.18	13.1
EBITDA	-363	31	209	552	571	579	518	125	240	353	385	118	378	467	693
EBITDA-CapEx	-414	-24	130	469	489	497	414	52	197	249	276	54	318	358	566
Operating Income (Loss)	-460	-74	82	399	419	423	390	28	174	293	335	68	328	420	636

Liquidity	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.6	0.85	0.41	0.4	0.24	0.29	0.32	0.3	0.61	0.3	0.61	0.92	0.29	0.3	0.33
Current Ratio	2.52	2.39	2.12	2.21	2.11	2.04	2.16	1.92	2.3	1.99	2.32	2.6	1.94	1.96	2.01
Quick Ratio	0.99	1.31	1.03	1.02	0.92	0.95	0.96	0.67	1.17	0.85	1.07	1.45	0.85	0.85	0.82
CFO/Avg Current Liab	-0.02	-0.41	0.01	0.16	0.11	0.24	0.14	0.26	0.13	0.08	0.17	0.28	0.36	0.27	0.43
Common Equity/Total Assets	16.79	23.89	19.27	21.76	25.84	33.5	37.36	37.93	57.68	21.51	24.16	24.78	32.75	38.53	46.35
Long-Term Debt/Equity (%)	113.04	63.44	101.57	99.19	85.33	80.25	91.58	102.68	80.13	141.08	125.37	126.55	60.25	65.49	37.1
Long-Term Debt/Capital (%)	64.16	44.17	56.41	56.11	51.21	42.97	44.09	44.48	32.84	61.67	60	60.58	41.47	39.13	26.99
Long-Term Debt/Total Assets (%)	33.13	24.28	31.43	29.85	28.91	27.6	31.06	31.2	28.29	34.85	36.58	38.47	23.35	24.81	17.16
Total Debt/Equity (%)	117.44	79.87	105.09	103.32	89.25	87.72	95.77	103.59	80.56	141.63	126.11	127.38	60.75	65.65	37.27
Total Debt/Capital (%)	66.66	55.61	58.36	58.44	53.56	46.97	46.11	44.88	33.02	61.91	60.36	60.98	41.82	39.23	27.11
Total Debt/Total Assets (%)	34.41	30.57	32.51	31.1	30.24	30.18	32.48	31.47	28.44	34.98	36.79	38.72	23.54	24.87	17.24
CFO/Total Liabilities	-0.93	-19.48	0.39	6.2	4.36	10.56	5.72	10.82	6.83	3.59	7.66	10.68	16.73	13.49	23.64
CFO/CapEx	-0.75	-12.06	0.24	3.54	2.28	5.04	2.05	5.17	3.52	0.91	1.59	3.49	4.91	2.38	3.61
Altman's Z-Score	1.61	2.34	2.3	3	3.34	3.49	3.26	2.43	3.99	3.12	3.27	2.77	3.88	3.95	4.5

Working Capital	2009 Y	2010 Y	2011 Y	2012 Y	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	5.13	6.35	6.64	6.52	6.28	6.46	6.46	6.12	7.99	8.27	8.2	7.86	8.75	8.37	9.41
Days Sales Outstanding	71.21	57.52	55.01	56.02	58.08	56.51	56.5	59.63	45.69	44.15	44.52	46.46	41.74	43.59	38.8
Inventory Turnover	2.06	2.66	3.46	3.4	3.39	3.81	3.6	3.24	3.89	3.81	3.36	3.48	4.4	3.94	3.66
Days Inventory Outstanding	176.94	137.15	105.6	107.42	107.63	95.81	101.34	112.49	93.81	95.75	108.47	104.88	83.04	92.72	99.83
Accounts Payable Turnover	3.87	6.92	8.77	8.37	8.37	8	7.08	4.98	6.57	6.37	4.78	5.24	7.34	6.4	6.29
Accounts Payable Turnover Days	94.27	52.72	41.61	43.61	43.62	45.61	51.53	73.28	55.55	57.26	76.29	69.67	49.7	57	58.05
Cash Conversion Cycle	153.87	141.95	119	119.84	122.09	106.72	106.3	98.83	83.94	82.64	76.7	81.67	75.07	79.32	80.59
Inventory to Cash Days	-105.73	-79.63	-50.59	-51.4	-49.55	-39.3	-44.84	-52.86	-48.12	-51.6	-63.96	-58.43	-41.3	-49.13	-61.03
Inventories	1,418	1,449	1,759	1,716	1,613	1,461	1,446	854	970	1,212	848	610	814	988	1,186
Raw Materials	660	656	784	723	636	581	559	344	384	482	361	357	425	516	587
Work In Process	357	298	509	507	527	454	431	175	166	198	79	57	106	154	132
Finished Goods	402	495	465	485	450	426	455	335	420	533	408	196	283	319	468
Other Inventory	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	2,171	3,347	1,420	2,890	4,578	3,015	2,032	3,394	3,892	1,910	2,093	2,398	3,030	2,850	3,859
- Cash & Cash Equivalents	930	894	774	678	408	478	466	428	626	368	535	665	267	304	371
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	24	28	278	24	25	33	35	36	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,966	1,686	2,300	2,099	1,977	1,789	1,831	1,576	985	1,219	1,176	1,174	674	776	623
Enterprise Value	3,231	3,646	3,221	4,335	6,172	4,359	3,432	4,577	4,251	2,762	2,734	2,906	3,437	3,321	4,111
Total Capital	2,950	3,032	3,942	3,591	3,691	3,808	3,972	3,512	2,982	1,970	1,948	1,925	1,612	1,977	2,299
Total Debt/Capital (%)	66.66	55.61	58.36	58.44	53.56	46.97	46.11	44.88	33.02	61.91	60.36	60.98	41.82	39.23	27.11
Total Debt / EV	0.61	0.46	0.71	0.48	0.32	0.41	0.53	0.34	0.23	0.44	0.43	0.4	0.2	0.23	0.15
EV/Sales	0.8	0.83	0.5	0.59	0.87	0.6	0.52	1.03	0.97	0.54	0.63	0.94	0.88	0.75	0.8
EV/EBITDA	- -	117.6	15.43	7.86	10.8	7.53	6.62	36.65	17.7	7.82	7.11	24.61	9.09	7.11	5.93
EV/EBIT	- -	- -	39.23	10.87	14.73	10.3	8.8	162.32	24.49	9.42	8.16	42.49	10.48	7.91	6.46
EV/Cash Flow to Firm	59.2	- -	44.24	10.85	22.3	8.47	12.25	10.17	22.47	18.55	11.03	10.41	10.23	11.02	7.97
EV/Free Cash Flow to Firm	30.78	- -	21.2	8.99	17.16	7.31	8.94	8.75	18.27	10.93	7.66	8.45	8.69	8.08	6.39
Diluted Market Cap	2,076	3,365	1,445	2,996	4,874	3,267	2,068	3,487	4,605	2,110	2,135	2,450	3,104	2,961	3,987
Diluted Enterprise Value	3,137	4,186	3,249	4,440	6,468	4,611	3,467	4,671	4,964	2,962	2,775	2,959	3,511	3,432	4,240
EV per Share	30.11	33.73	29.6	39.44	56.16	41.36	31.86	43.59	53	39.68	38.83	42.37	49.66	49.72	62.2
TTM Sales	4,043	4,418	6,505	7,348	7,084	7,309	6,543	4,443	4,363	5,125	4,353	3,076	3,887	4,418	5,152
TTM EBITDA	-363	31	209	552	571	579	518	125	240	353	385	118	378	467	693
TTM Operating Income	-460	-74	82	399	419	423	390	28	174	293	335	68	328	420	636
TTM Cash Flow to Firm	55	-534	73	400	277	515	280	450	189	149	248	279	336	301	516
TTM Free Cash Flow to Firm	105	-479	152	482	360	596	384	523	233	253	357	344	396	411	643

Multiples	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	9.39	31.48	27.42	20.48	9.84	13.89	- -	34.99	18.2	38.86	- -	13.81	9.74	7.61
Price/Earnings Average	-3.98	6.84	58.66	22.41	15.94	12.7	17.12	-14.51	27.16	25.82	38.48	-144	14.37	8.42	6.9
Price/Earnings High	-6.06	9.39	91.31	27.8	20.46	15.25	21.01	-19.62	34.74	32.5	46.89	-234.28	16.96	10.6	8.22
Price/Earnings Low	-1.95	5.25	23.18	14.71	12.79	8.82	12.39	-8.86	21.32	16.98	30.43	-81.88	10.86	6.25	5.47
Price/Book Value	2.26	2.54	1.04	1.97	2.71	1.52	0.97	1.79	1.95	2.55	2.71	3.19	3.23	2.37	2.3
Price/Book Value Average	1.73	1.85	1.94	1.61	2.11	1.96	1.19	1.31	1.51	3.61	2.68	2	3.36	2.05	2.09
Price/Book Value High	2.63	2.54	3.02	2	2.71	2.35	1.46	1.77	1.93	4.55	3.27	3.26	3.97	2.58	2.49
Price/Book Value Low	0.85	1.42	0.77	1.06	1.69	1.36	0.86	0.8	1.19	2.38	2.12	1.14	2.54	1.52	1.66
Price/Tangible Book Value	1.87	2.07	3.52	9.28	8.73	5.18	3.18	2.73	4.16	3.28	3.21	3.76	3.71	3.24	2.83
Price/Tangible Book Value Average	1.42	1.51	6.56	7.58	6.79	6.68	3.92	2	3.23	4.65	3.18	2.36	3.86	2.8	2.57
Price/Tangible Book Value High	2.17	2.07	10.21	9.41	8.72	8.02	4.81	2.7	4.13	5.85	3.87	3.84	4.56	3.53	3.06
Price/Tangible Book Value Low	0.7	1.16	2.59	4.98	5.45	4.64	2.84	1.22	2.54	3.06	2.51	1.34	2.92	2.08	2.04
Price/Sales	0.51	0.76	0.22	0.39	0.65	0.43	0.31	0.78	1.03	0.4	0.49	0.79	0.79	0.66	0.76
Price/Sales Average	0.39	0.55	0.41	0.32	0.51	0.55	0.38	0.58	0.8	0.57	0.48	0.5	0.82	0.57	0.69
Price/Sales High	0.6	0.76	0.64	0.4	0.65	0.67	0.47	0.78	1.02	0.72	0.59	0.81	0.96	0.72	0.83
Price/Sales Low	0.19	0.43	0.16	0.21	0.41	0.39	0.28	0.35	0.63	0.38	0.38	0.28	0.62	0.42	0.55
Price/Cash Flow	-55.06	-5.07	74.82	9.92	24.55	7.64	9.52	9.25	29.44	21.96	12.19	10.79	10.4	11.19	8.58
Price/Cash Flow Average	-42.04	-3.7	139.42	8.11	19.11	9.86	11.74	6.78	22.84	31.17	12.07	6.77	10.82	9.68	7.79
Price/Cash Flow High	-64.01	-5.07	217.05	10.06	24.53	11.85	14.4	9.16	29.22	39.23	14.71	11.02	12.77	12.18	9.27
Price/Cash Flow Low	-20.6	-2.84	55.09	5.32	15.33	6.85	8.49	4.14	17.94	20.5	9.55	3.85	8.18	7.18	6.17
Price/Free Cash Flow	163.43	-5.53	14.71	7.99	17.97	6.64	6.53	7.75	23.44	10.66	7.56	8.45	8.79	7.98	6.8
Price/Free Cash Flow Average	124.78	-4.03	27.41	6.53	13.98	8.57	8.05	5.68	18.19	15.12	7.49	5.3	9.14	6.91	6.17
Price/Free Cash Flow High	190.01	-5.53	42.68	8.1	17.95	10.29	9.88	7.68	23.27	19.03	9.13	8.63	10.79	8.69	7.34
Price/Free Cash Flow Low	61.16	-3.09	10.83	4.29	11.22	5.95	5.82	3.47	14.28	9.95	5.92	3.02	6.91	5.12	4.89
EV/Sales	0.8	0.83	0.5	0.59	0.87	0.6	0.52	1.03	0.97	0.54	0.63	0.94	0.88	0.75	0.8
EV/Sales Average	0.67	0.74	0.68	0.52	0.73	0.72	0.6	0.83	0.77	0.7	0.62	0.65	0.92	0.66	0.73
EV/Sales High	0.89	0.94	0.91	0.6	0.87	0.82	0.68	1.02	0.97	0.83	0.73	0.96	1.06	0.81	0.86
EV/Sales Low	0.46	0.61	0.44	0.41	0.63	0.55	0.49	0.61	0.63	0.51	0.52	0.44	0.72	0.52	0.59
EV/EBITDA	- -	117.6	15.43	7.86	10.8	7.53	6.62	36.65	17.7	7.82	7.11	24.61	9.09	7.11	5.93
EV/EBITDA Average	-7.49	105.1	21.32	6.9	9.02	9.05	7.54	29.39	14.08	10.09	7.06	17.05	9.41	6.28	5.42
EV/EBITDA High	-9.87	134.42	28.38	7.93	10.79	10.4	8.63	36.4	17.59	12.08	8.23	25.03	10.91	7.65	6.38
EV/EBITDA Low	-5.16	86.79	13.65	5.43	7.79	6.99	6.2	21.63	11.37	7.46	5.93	11.55	7.37	4.92	4.37
EV/EBIT	- -	- -	39.23	10.87	14.73	10.3	8.8	162.32	24.49	9.42	8.16	42.49	10.48	7.91	6.46
EV/EBIT Average	-5.91	-44.15	54.2	9.55	12.3	12.37	10.01	130.18	19.47	12.14	8.1	29.43	10.85	6.99	5.9
EV/EBIT High	-7.79	-56.46	72.15	10.98	14.72	14.22	11.47	161.2	24.33	14.53	9.45	43.22	12.58	8.51	6.95
EV/EBIT Low	-4.07	-36.46	34.71	7.51	10.62	9.57	8.24	95.82	15.73	8.98	6.8	19.95	8.5	5.48	4.75
Last Price	20.23	30.96	13.05	26.3	41.66	28.61	18.87	32.32	48.53	27.44	29.73	34.95	43.78	42.66	58.38
High Price	23.52	30.96	37.86	26.67	41.62	44.35	28.54	32.02	48.18	49.01	35.88	35.68	53.76	46.43	63.07
Low Price	7.57	17.3	9.61	14.11	26.01	25.66	16.83	14.46	29.57	25.61	23.28	12.47	34.42	27.37	41.96
Enterprise Value	3,231	3,646	3,221	4,335	6,172	4,359	3,432	4,577	4,251	2,762	2,734	2,906	3,437	3,321	4,111
Enterprise Value Average	2,718	3,258	4,450	3,806	5,157	5,236	3,905	3,671	3,379	3,562	2,713	2,013	3,559	2,936	3,754
Enterprise Value High	3,585	4,167	5,923	4,375	6,167	6,018	4,473	4,546	4,223	4,263	3,167	2,956	4,127	3,573	4,421
Enterprise Value Low	1,873	2,690	2,850	2,995	4,452	4,048	3,212	2,702	2,730	2,634	2,280	1,364	2,789	2,300	3,026

Per Share Data Items	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	107	108	109	110	110	105	108	105	80	70	70	69	69	67	66
Diluted Weighted Avg Shares	103	109	111	114	117	114	110	108	95	77	72	70	71	69	68
Basic Weighted Avg Shares	103	109	110	110	111	110	107	108	93	75	71	70	70	68	68
Revenue per Share	39.41	40.65	59.4	66.62	63.76	66.63	60.92	41.18	47.02	67.97	61.23	44.2	55.76	64.49	76.32
EBITDA per Share	-3.54	0.29	1.91	5	5.14	5.28	4.82	1.16	2.59	4.68	5.41	1.7	5.43	6.82	10.27
Operating Income per Share	-4.48	-0.68	0.75	3.61	3.77	3.86	3.63	0.26	1.87	3.89	4.71	0.98	4.71	6.13	9.43
Basic EPS, GAAP	-3.88	3.3	0.41	0.96	2.03	2.91	1.36	-1.63	1.39	1.51	0.77	-0.15	3.17	4.38	7.67
Basic EPS from Cont Ops	-4.38	-1.95	0.31	0.92	1.84	2.37	1.36	-1.79	0.65	1.48	2.95	0.13	3.12	4.38	7.65
Diluted EPS, GAAP	-3.88	3.3	0.41	0.93	1.93	2.79	1.33	-1.63	1.36	1.48	0.76	-0.15	3.12	4.32	7.58
Diluted EPS from Cont Ops	-4.38	-1.95	0.31	0.89	1.74	2.27	1.33	-1.79	0.63	1.45	2.92	0.13	3.07	4.33	7.57
Dividend per Share	- -	- -	- -	- -	0.05	0.2	0.24	0.28	0.32	0.4	0.44	0.12	0.48	0.52	0.64
Cash Flow per Share	-0.37	-6.1	0.17	2.65	1.7	3.74	1.98	3.49	1.65	1.25	2.44	3.24	4.21	3.81	6.8
Free Cash Flow per Basic Share	-0.86	-6.61	-0.55	1.9	0.95	3	1.02	2.82	1.18	-0.13	0.91	2.31	3.35	2.21	4.92
Cash & Equivalents per Share	8.67	13.1	7.14	6.17	3.71	4.54	4.33	4.08	7.81	5.29	7.6	9.69	3.86	4.55	5.61
Book Value per Share	8.94	12.19	12.53	13.37	15.37	18.84	19.55	18.09	24.9	10.77	10.97	10.95	13.55	17.99	25.35
Tangible Book Value per Share	10.84	14.97	3.71	2.84	4.77	5.53	5.94	11.84	11.66	8.37	9.27	9.3	11.79	13.16	20.61

Terex Corporation

TEX US

52.89

52.89