Zimmer Biomet Holdings, Inc. (ZBH) · 10+ Years of Financial Ratios

Profitability	2010 Y	2011 Y	2012 Y	2013 Y	2014 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 (%)	11.05	12.54	11.17	10.28	- -	17.38	0.6	3.6	19.89	-3.89	11.36	-1.35	3.94	2.33	10.27
Return on Assets (%)	7.56	9.21	8.61	8.19	- -	14.95	0.27	1.12	6.95	-1.5	4.64	-0.57	1.68	1.04	4.81
Return on Capital (%)	8.49	10.62	9.52	8.93	- -	15.84	- -	2.89	- -	- -	- -	- -	3.3	2.14	7.7
Return on Invested Capital (%)	11.63	12.02	13.36	12.64	- -	26.83	- -	5.1	- -	- -	- -	- -	4.48	4.6	7.73
Gross Margin (%)	76.01	74.8	74.84	72.18	- -	73.26	69.05	69.09	72.74	71.36	71.78	69.7	71.29	70.9	71.82
EBITDA Margin (%)	35.44	32.78	37.5	35.86	- -	38.27	32.73	32.33	35.9	27.58	28.51	24.64	28.46	30.53	32.5
Operating Margin (%)	27.38	24.69	29.38	28.1	- -	30.23	20.67	18.8	22.32	14.46	15.91	9.94	14.73	17.18	19.63
Incremental Operating Margin (%)	-9.38	-24.22	1,077.89	-9.56	28.1	30.23	-13.07	12.16	214.98	-550.37	248.68	59.72	-155.93	165.81	57.05
Pretax Margin (%)	20.38	21.99	22.14	21.22	- -	20.2	0.21	5.23	6.13	-3.42	11.35	-3.91	7.31	5.81	14.43
Profit Margin (%)	14.14	17.09	16.88	16.46	- -	15.41	0.83	3.94	23.51	-4.78	14.18	-1.98	5.88	3.33	13.85
Net Income to Common Margin (%)	14.14	17.09	16.88	16.46	- -	15.41	0.83	3.94	23.51	-4.78	14.18	-1.98	5.88	3.33	13.85
Effective Tax Rate (%)	30.61	22.36	23.96	22.62	- -	23.83	- -	24.9	- -	- -	- -	- -	10.72	27.83	3.95
Dvd Payout Ratio (%)	- -	- -	12.57	17.48	- -	20.27	326.61	62.74	10.53	-51.45	17.39	-146.06	44.87	68.86	19.58
Sustainable Growth Rate (%)	11.05	12.54	9.77	8.48	- -	13.86	-1.35	1.34	17.8	-5.88	9.38	-3.33	2.17	0.73	8.26

Credit	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	1,142	1,719	1,821	1,673	- -	1,426	11,556	11,245	10,142	8,939	8,221	8,126	7,079	5,696	5,913
ST Debt	- -	143	100	- -	- -	- -	- -	576	1,225	500	1,500	500	1,605	544	900
LT Debt	1,142	1,576	1,721	1,672	- -	1,426	11,556	10,670	8,918	8,439	6,721	7,626	5,474	5,152	5,013
Total Debt/EBITDA	0.76	1.18	1.09	1.01	- -	0.8	5.89	4.53	3.61	4.09	3.61	4.7	3.64	2.69	2.46
Net Debt/EBITDA	0.32	0.65	0.56	0.36	- -	0.19	5.15	4.27	3.42	3.84	3.34	4.23	3.45	2.51	2.29
Total Debt/EBIT	0.99	1.56	1.39	1.29	- -	1.01	9.32	7.78	5.81	7.79	6.47	11.64	7.04	4.78	4.07
Net Debt/EBIT	0.41	0.87	0.71	0.46	- -	0.24	8.15	7.35	5.51	7.32	5.99	10.49	6.67	4.46	3.79
EBITDA to Interest Expense	-24.84	32.28	23	23.65	- -	28.34	6.85	6.94	8.58	7.48	10.03	8.16	9.32	12.85	11.94
EBITDA-CapEx/Interest Expense	-20.19	25.91	21.42	22.22	- -	26.05	6.26	6.42	8.1	6.92	8.25	7.61	8.59	11.71	10.07
EBIT to Interest Expense	-19.19	24.32	18.02	18.53	- -	22.39	4.33	4.04	5.33	3.92	5.6	3.29	4.82	7.23	7.21
Interest Expense	-60	45	73	70	- -	63	287	358	328	293	227	212	208	165	201
Common Equity/Total Assets	71.29	75.5	78.65	80.53	- -	86.02	30.47	31.95	37.99	39.35	42.33	41.32	43.89	45.39	48.32
Long-Term Debt/Equity (%)	19.79	28.58	29.33	26.54	- -	21.85	117.76	111.34	75.84	74.84	54.24	62.52	43.22	42.84	40.14
Long-Term Debt/Capital (%)	16.69	19.32	19.3	17.81	- -	14.67	58.05	54.12	44.22	45.77	36.03	41.85	31.5	33.75	30.74
Long-Term Debt/Total Assets (%)	14.28	18.51	19.09	17.46	- -	14.8	42.16	40.25	33.79	34.98	27.28	31.23	23.34	24.46	23.32
Total Debt/Equity (%)	19.79	31.18	31.04	26.55	- -	21.85	117.76	117.35	86.26	79.27	66.34	66.61	55.89	47.36	47.35
Total Debt/Capital (%)	16.69	21.08	20.43	17.81	- -	14.67	58.05	57.04	50.29	48.48	44.07	44.6	40.73	37.32	36.26
Total Debt/Total Assets (%)	14.28	20.19	20.2	17.46	- -	14.8	42.16	42.42	38.43	37.05	33.37	33.28	30.18	27.04	27.5
Net Debt to Equity	8.2	17.24	15.97	9.4	- -	5.25	102.96	110.73	81.8	74.46	61.35	60.04	52.91	44.24	44.02
Net Debt/Capital (%)	7.66	12.87	11.66	7.13	- -	3.96	54.75	55.61	48.96	46.92	42.15	42.05	39.41	35.73	34.59
EBITDA	1,496	1,459	1,677	1,658	- -	1,788	1,963	2,484	2,809	2,188	2,276	1,731	1,943	2,118	2,403
EBITDA-CapEx	1,215	1,171	1,561	1,558	- -	1,644	1,795	2,299	2,653	2,025	1,871	1,613	1,791	1,931	2,026
Operating Income (Loss)	1,155	1,099	1,314	1,299	- -	1,413	1,240	1,445	1,746	1,147	1,270	698	1,005	1,192	1,451

Liquidity	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	1.33	1.41	1.8	1.75	- -	1.63	0.99	0.26	0.17	0.23	0.18	0.31	0.11	0.16	0.15
Current Ratio	4.28	3.78	4.28	4.07	- -	4.13	3.69	1.95	1.52	1.85	1.37	1.99	1.41	1.88	1.61
Quick Ratio	2.43	2.38	2.82	2.66	- -	2.51	1.88	0.93	0.67	0.76	0.58	0.88	0.47	0.75	0.65
CFO/Avg Current Liab	1.71	1.5	1.33	1.02	- -	2.03	0.65	0.81	0.59	0.65	0.54	0.4	0.5	0.44	0.61
Common Equity/Total Assets	71.29	75.5	78.65	80.53	- -	86.02	30.47	31.95	37.99	39.35	42.33	41.32	43.89	45.39	48.32
Long-Term Debt/Equity (%)	19.79	28.58	29.33	26.54	- -	21.85	117.76	111.34	75.84	74.84	54.24	62.52	43.22	42.84	40.14
Long-Term Debt/Capital (%)	16.69	19.32	19.3	17.81	- -	14.67	58.05	54.12	44.22	45.77	36.03	41.85	31.5	33.75	30.74
Long-Term Debt/Total Assets (%)	14.28	18.51	19.09	17.46	- -	14.8	42.16	40.25	33.79	34.98	27.28	31.23	23.34	24.46	23.32
Total Debt/Equity (%)	19.79	31.18	31.04	26.55	- -	21.85	117.76	117.35	86.26	79.27	66.34	66.61	55.89	47.36	47.35
Total Debt/Capital (%)	16.69	21.08	20.43	17.81	- -	14.67	58.05	57.04	50.29	48.48	44.07	44.6	40.73	37.32	36.26
Total Debt/Total Assets (%)	14.28	20.19	20.2	17.46	- -	14.8	42.16	42.42	38.43	37.05	33.37	33.28	30.18	27.04	27.5
CFO/Total Liabilities	53.6	39.22	36.61	29.36	- -	33.83	4.9	9.64	10.81	13.6	12.95	9.86	13.89	14.21	17.56
CFO/CapEx	4.26	4.09	9.96	9.63	- -	7.27	5.14	8.84	10.14	10.74	3.92	10.22	9.86	6.84	4.19
Altman's Z-Score	6.85	5.76	5.96	6.57	- -	7.46	3.75	4.43	4.98	4.96	5.09	4.77	4.36	5.37	5.35

Working Capital	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	5.53	5.51	5.19	5.08	- -	10.25	5.07	5.03	5.05	5.73	6.05	4.99	5.03	5.26	5.24
Days Sales Outstanding	66.05	66.19	70.34	71.89	- -	35.62	71.97	72.62	72.29	63.73	60.35	73.18	72.5	69.45	69.7
Inventory Turnover	1.1	1.2	1.17	1.24	- -	2.14	1.07	1.11	1.05	1.05	0.97	0.88	0.85	0.94	0.92
Days Inventory Outstanding	333.22	303.37	312.24	293.71	- -	170.7	341.64	328.58	346.63	348.49	376.04	414.66	428.11	388.15	396.95
Accounts Payable Turnover	7.83	8.18	7.27	8.26	-14.69	28.95	13.25	6.28	6.46	7.06	6.24	6	5.21	6.11	6.07
Accounts Payable Turnover Days	46.61	44.61	50.18	44.16	-24.85	12.61	27.54	58.16	56.46	51.68	58.52	60.8	70.07	59.72	60.11
Cash Conversion Cycle	352.66	324.96	332.39	321.43	- -	193.71	386.07	343.05	362.45	360.55	377.88	427.04	430.54	397.88	406.54
Inventory to Cash Days	-267.17	-237.18	-241.9	-221.82	- -	-135.08	-269.67	-255.96	-274.34	-284.76	-315.69	-341.48	-355.61	-318.7	-327.25
Inventories	935	930	995	1,074	- -	1,169	2,307	1,969	2,082	2,256	2,385	2,451	2,148	2,147	2,385
Raw Materials	132	139	157	180	- -	181	280	261	250	228	279	272	243	261	308
Work In Process	47	48	52	77	- -	88	146	142	200	230	231	224	176	231	246
Finished Goods	757	743	786	817	- -	900	1,828	1,557	1,632	1,798	1,875	1,955	1,729	1,655	1,831
Other Inventory	-1	- -	- -	- -	- -	- -	52	10	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	10,228	9,197	10,891	15,403	- -	18,942	20,053	20,104	23,929	20,392	29,635	30,584	25,945	26,574	24,972
- Cash & Cash Equivalents	669	768	884	1,081	- -	1,083	1,453	634	524	543	618	802	378	376	416
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	8	5	3	- -	2	2	1	- -	5	5	5	6	7	8
+ Total Debt	1,142	1,719	1,821	1,673	- -	1,426	11,556	11,245	10,142	8,939	8,221	8,126	7,079	5,696	5,913
Enterprise Value	10,436	9,700	11,162	15,271	- -	18,673	29,994	30,716	33,547	28,793	37,243	37,913	32,652	31,902	30,477
Total Capital	6,844	8,156	8,915	9,391	- -	9,715	19,908	19,717	20,168	18,438	18,656	18,222	17,380	15,266	16,308
Total Debt/Capital (%)	16.69	21.08	20.43	17.81	- -	14.67	58.05	57.04	50.29	48.48	44.07	44.6	40.73	37.32	36.26
Total Debt / EV	0.11	0.18	0.16	0.11	- -	0.08	0.39	0.37	0.3	0.31	0.22	0.21	0.22	0.18	0.19
EV/Sales	2.47	2.18	2.5	3.3	- -	4	5	4	4.29	3.63	4.67	5.4	4.78	4.6	4.12
EV/EBITDA	6.98	6.65	6.66	9.21	- -	10.44	15.28	12.37	11.94	13.16	16.36	21.91	16.8	15.06	12.68
EV/EBIT	9.03	8.82	8.5	11.75	- -	13.22	24.2	21.26	19.21	25.1	29.33	54.32	32.48	26.76	21
EV/Cash Flow to Firm	9.06	8	9.25	15.01	- -	16.96	14.98	16.16	11.82	13.35	19.92	28.93	19.38	22.73	17.17
EV/Free Cash Flow to Firm	7.29	6.47	8.44	13.67	- -	14.99	13.82	14.73	11.2	12.41	16.38	26.54	17.77	20.04	14.16
Diluted Market Cap	10,516	9,750	11,171	15,584	- -	19,165	18,777	20,285	24,059	20,342	29,736	30,495	26,119	26,740	25,470
Diluted Enterprise Value	10,989	10,709	12,113	16,179	- -	19,509	28,882	30,897	33,677	28,743	37,344	37,825	32,826	32,067	30,975
EV per Share	53.35	54.5	65.05	89.93	- -	110.04	147.97	153.12	165.58	141.14	180.79	182.63	156.23	152.64	148.23
TTM Sales	4,220	4,452	4,472	4,623	- -	4,673	5,998	7,684	7,824	7,933	7,982	7,024	6,827	6,940	7,394
TTM EBITDA	1,496	1,459	1,677	1,658	- -	1,788	1,963	2,484	2,809	2,188	2,276	1,731	1,943	2,118	2,403
TTM Operating Income	1,155	1,099	1,314	1,299	- -	1,413	1,240	1,445	1,746	1,147	1,270	698	1,005	1,192	1,451
TTM Cash Flow to Firm	1,152	1,212	1,207	1,017	- -	1,101	2,002	1,901	2,838	2,157	1,869	1,311	1,685	1,404	1,775
TTM Free Cash Flow to Firm	1,432	1,500	1,323	1,117	- -	1,246	2,170	2,086	2,994	2,319	2,274	1,429	1,837	1,592	2,152

Multiples	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	17.52	12.74	14.7	20.22	- -	26.2	373.03	66.17	12.96	- -	26.07	- -	64.48	115.17	24.75
Price/Earnings Average	17.86	13.9	14.09	17.34	- -	23.1	397.83	72.73	12.61	-61.18	22.58	-193.14	77.2	105.16	25.48
Price/Earnings High	20.22	16.48	15.32	20.11	- -	26.11	441.62	84.16	14.04	-68.03	26.42	-229.31	89.22	119.21	29.66
Price/Earnings Low	15.27	11.34	11.96	14.64	- -	20.69	338.04	58.73	11	-50.62	17.66	-116.57	59.91	92.07	20.94
Price/Book Value	1.79	1.43	1.54	2	- -	2.29	2.4	2.37	2.39	2.15	2.84	3.03	2.52	2.78	2.4
Price/Book Value Average	1.83	1.56	1.47	1.71	- -	2.02	2.56	2.61	2.32	2.45	2.46	2.67	3.02	2.54	2.47
Price/Book Value High	2.07	1.85	1.6	1.99	- -	2.28	2.84	3.02	2.59	2.72	2.88	3.17	3.49	2.88	2.88
Price/Book Value Low	1.56	1.27	1.25	1.45	- -	1.81	2.18	2.11	2.03	2.03	1.92	1.61	2.34	2.22	2.03
Price/Tangible Book Value	4.33	4.4	4.26	5.17	- -	5.56	-2.29	-2.08	-3.29	-3.4	-6.64	-7.43	-14.52	-16.43	-21.04
Price/Tangible Book Value Average	4.41	4.8	4.09	4.43	- -	4.9	-2.44	-2.29	-3.21	-3.87	-5.75	-6.53	-17.39	-15.01	-21.66
Price/Tangible Book Value High	5	5.69	4.44	5.14	- -	5.55	-2.71	-2.65	-3.57	-4.31	-6.73	-7.76	-20.09	-17.01	-25.21
Price/Tangible Book Value Low	3.77	3.92	3.47	3.74	- -	4.39	-2.07	-1.85	-2.8	-3.21	-4.5	-3.94	-13.49	-13.14	-17.8
Price/Sales	2.48	2.18	2.48	3.33	- -	4.04	3.09	2.61	3.05	2.56	3.7	4.34	3.79	3.84	3.43
Price/Sales Average	2.53	2.37	2.38	2.85	- -	3.56	3.3	2.87	2.97	2.92	3.2	3.82	4.54	3.51	3.53
Price/Sales High	2.86	2.82	2.59	3.31	- -	4.02	3.66	3.32	3.3	3.25	3.75	4.53	5.25	3.97	4.11
Price/Sales Low	2.16	1.94	2.02	2.41	- -	3.19	2.8	2.31	2.59	2.42	2.5	2.31	3.52	3.07	2.9
Price/Cash Flow	8.76	8.24	9.64	15.97	- -	17.92	21.49	12.28	15.07	11.64	18.61	25.32	17.27	20.74	16.03
Price/Cash Flow Average	8.93	8.98	9.23	13.7	- -	15.8	22.92	13.5	14.67	13.28	16.11	22.27	20.68	18.94	16.5
Price/Cash Flow High	10.11	10.65	10.04	15.89	- -	17.86	25.44	15.62	16.33	14.76	18.86	26.44	23.9	21.47	19.2
Price/Cash Flow Low	7.64	7.33	7.84	11.57	- -	14.15	19.47	10.9	12.79	10.99	12.6	13.44	16.05	16.58	13.55
Price/Free Cash Flow	7.14	6.66	8.81	14.66	- -	16	18.22	11.16	13.84	10.65	14.94	23.06	15.82	18.16	13
Price/Free Cash Flow Average	7.27	7.26	8.44	12.57	- -	14.11	19.43	12.27	13.47	12.15	12.94	20.29	18.94	16.58	13.38
Price/Free Cash Flow High	8.23	8.61	9.19	14.58	- -	15.95	21.57	14.2	14.99	13.5	15.14	24.09	21.89	18.8	15.58
Price/Free Cash Flow Low	6.22	5.92	7.17	10.61	- -	12.64	16.51	9.91	11.75	10.05	10.12	12.24	14.7	14.52	11
EV/Sales	2.47	2.18	2.5	3.3	- -	4	5	4	4.29	3.63	4.67	5.4	4.78	4.6	4.12
EV/Sales Average	2.58	2.47	2.54	2.99	- -	3.65	5.25	4.26	4.21	3.99	4.17	4.87	5.53	4.26	4.22
EV/Sales High	2.91	2.89	2.75	3.44	- -	4.11	5.64	4.71	4.54	4.32	4.72	5.59	6.24	4.73	4.79
EV/Sales Low	2.22	2.05	2.19	2.54	- -	3.27	4.71	3.7	3.82	3.48	3.47	3.36	4.51	3.83	3.6
EV/EBITDA	6.98	6.65	6.66	9.21	- -	10.44	15.28	12.37	11.94	13.16	16.36	21.91	16.8	15.06	12.68
EV/EBITDA Average	7.29	7.53	6.78	8.33	- -	9.53	16.04	13.17	11.71	14.47	14.62	19.78	19.44	13.97	12.99
EV/EBITDA High	8.21	8.81	7.33	9.6	- -	10.75	17.24	14.57	12.65	15.66	16.54	22.69	21.93	15.5	14.74
EV/EBITDA Low	6.28	6.27	5.84	7.09	- -	8.56	14.4	11.46	10.65	12.64	12.16	13.62	15.86	12.54	11.08
EV/EBIT	9.03	8.82	8.5	11.75	- -	13.22	24.2	21.26	19.21	25.1	29.33	54.32	32.48	26.76	21
EV/EBIT Average	9.43	10	8.66	10.62	- -	12.07	25.4	22.64	18.85	27.6	26.2	49.05	37.57	24.82	21.5
EV/EBIT High	10.62	11.69	9.36	12.25	- -	13.61	27.3	25.05	20.36	29.86	29.64	56.27	42.38	27.54	24.41
EV/EBIT Low	8.12	8.32	7.46	9.04	- -	10.83	22.81	19.7	17.14	24.1	21.8	33.77	30.65	22.29	18.34
Last Price	52.29	51.67	63.47	90.71	100.64	111.62	98.93	100.22	118.11	99.96	143.86	147.32	124.14	127.15	121.46
High Price	60.34	66.84	66.15	90.25	100.5	111.26	117.12	127.46	127.96	126.76	145.79	153.87	171.77	131.61	145.51
Low Price	45.57	45.99	51.62	65.68	72.7	88.16	89.65	88.94	100.24	94.33	97.43	78.22	115.34	101.65	102.72
Enterprise Value	10,436	9,700	11,162	15,271	- -	18,673	29,994	30,716	33,547	28,793	37,243	37,913	32,652	31,902	30,477
Enterprise Value Average	10,899	10,990	11,376	13,804	- -	17,045	31,492	32,708	32,904	31,659	33,272	34,234	37,769	29,592	31,210
Enterprise Value High	12,276	12,856	12,293	15,919	- -	19,225	33,845	36,181	35,542	34,260	37,641	39,273	42,607	32,834	35,421
Enterprise Value Low	9,387	9,145	9,800	11,747	- -	15,305	28,277	28,454	29,926	27,644	27,679	23,568	30,813	26,572	26,624

Per Share Data Items	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	196	178	172	170	- -	170	203	201	203	204	206	208	209	209	206
Diluted Weighted Avg Shares	201	189	176	172	- -	172	190	202	204	204	207	207	210	210	210
Basic Weighted Avg Shares	200	188	175	170	- -	169	187	200	202	204	205	207	209	210	209
Revenue per Share	21.1	23.73	25.57	27.26	- -	27.65	32.01	38.42	38.75	38.98	38.92	33.93	32.73	33.11	35.43
EBITDA per Share	7.48	7.78	9.59	9.77	- -	10.58	10.48	12.42	13.91	10.75	11.1	8.36	9.31	10.11	11.51
Operating Income per Share	5.78	5.86	7.51	7.66	- -	8.36	6.61	7.22	8.65	5.64	6.19	3.37	4.82	5.69	6.95
Basic EPS, GAAP	2.98	4.06	4.32	4.49	- -	4.26	0.27	1.51	9.11	-1.86	5.52	-0.67	1.93	1.1	4.91
Basic EPS from Cont Ops	2.98	4.05	4.3	4.48	- -	4.25	0.26	1.51	9.11	-1.86	5.52	-0.66	2.14	1.39	4.91
Diluted EPS, GAAP	2.97	4.03	4.29	4.43	- -	4.19	0.26	1.5	9.03	-1.86	5.47	-0.67	1.91	1.1	4.88
Diluted EPS from Cont Ops	2.97	4.03	4.28	4.42	- -	4.19	0.26	1.49	9.03	-1.86	5.47	-0.66	2.12	1.38	4.89
Dividend per Share	- -	- -	0.54	0.78	- -	0.86	0.84	0.94	0.96	0.96	0.96	0.96	0.96	0.96	0.96
Cash Flow per Share	5.97	6.27	6.59	5.68	- -	6.23	4.6	8.16	7.84	8.59	7.73	5.82	7.19	6.13	7.58
Free Cash Flow per Basic Share	4.57	4.74	5.93	5.09	- -	5.37	3.71	7.24	7.06	7.79	5.76	5.25	6.46	5.23	5.77
Cash & Equivalents per Share	4.78	6.88	9.07	10.65	- -	9.99	7.98	3.16	2.59	2.66	3	3.86	1.81	1.8	2.02
Book Value per Share	29.15	36.12	41.31	45.44	- -	48.84	41.2	42.22	49.49	46.54	50.63	48.6	49.26	45.75	50.52
Tangible Book Value per Share	12.08	11.74	14.88	17.56	- -	20.06	-43.29	-48.16	-35.85	-29.43	-21.67	-19.84	-8.55	-7.74	-5.77

Zimmer Biomet Holdings, Inc.

ZBH US

106.52

106.52