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Financial Detective Exhibit1

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Exhibit 1

THE FINANCIAL DETECTIVE, 2


Common-Sized Financial Data and

Airlines Beer Computers


A B C D E F
ASSETS (%)
Cash & ST Investments 6 10 5 15 14 41
Receivables 4 2 3 9 10 18
Inventory 1 1 2 9 1 16
Current Assets—Other 5 4 3 3 5 9
Current Assets—Total 17 16 14 35 31 84
Net Property, Plant, & Equipme 42 75 14 64 8 4
Long-Term Marketable Securiti 0 1 0 0 56 0
Goodwill & Intangibles 28 1 70 1 3 2
Assets—Other 13 8 2 1 2 9
Assets—Total 100 100 100 100 100 100
LIABILITIES & EQUITY (%)
Accounts Payable 5 2 9 7 12 4
Debt in Current Liabilities 3 5 4 0 4 0
Current Liabilities—Other 24 19 8 11 12 20
Current Liabilities—Total 33 26 21 17 28 24
Long-Term Debt 13 16 32 0 18 0
Deferred Taxes 0 14 9 9 8 0
Liabilities—Other 34 6 4 3 4 5
Liabilities—Total 80 63 66 29 59 29
Stockholders’ Equity 20 37 34 71 41 71
Total Liabilities & Equity 100 100 100 100 100 100

INCOME/EXPENSES (%)
Revenue 100 100 100 100 100 100
Cost of Goods Sold (70) (60) (39) (48) (60) (69)
Finance Div. Operating Exp. 0 0 0 0 0 0
Interest Expense - Finance Divis 0 0 0 0 0 0
Gross Profit 30 40 61 52 40 31
SG&A Expense (4) (4) (32) (36) (6) (12)
R & D Exp. 0 0 0 0 (3) (13)
Depreciation & Amort. (5) (5) 0 0 0 0
Other Operating Expense (5) (12) 3 0 0 0
Earnings before Interest and 16 19 32 16 30 6
Net Interest Expense (1) (2) (4) 0 1 0
Other 3 0 1 (0) (0) 0
Pretax Income 18 17 29 16 31 6
Income Tax Expense (6) (7) (6) (6) (8) (2)
Earnings of Discontinued Ops. 0 0 0 0 0 0
Extraord. Item & Account. Cha 0 0 0 0 0 0
Minority Int. in Earnings 0 0 (4) 0 0 0
Net Income 11 11 19 10 23 4
MARKET DATA
Beta 1.20 1.10 0.95 0.95 0.95 1.20
Price/Earnings 10.0 10.9 24.2 34.0 12.8 22.0
Price to Book 3.9 2.4 4.2 3.9 5.0 2.8
Dividend Payout (%) 7.9 0.0 88.2 0.0 21.8 0.0
LIQUIDITY
Current Ratio 0.52 0.60 0.64 2.01 1.11 3.50
Quick Ratio 0.31 0.44 0.41 1.35 0.90 2.45
ASSET MANAGEMENT
Inventory Turnover 37.0 85.4 5.9 8.5 62.8 3.9
Receivables Turnover 16.5 43.3 13.0 25.3 13.6 5.3
Fixed Assets Turnover 1.9 1.0 2.2 2.4 10.8 22.0
DEBT MANAGEMENT
Total Debt/Total Assets (%) 79.6 62.9 66.0 28.5 58.9 29.1
LT Debt/Shareholders’ Equity ( 62.4 43.5 95.2 0.1 44.8 0.0
Interest Coverage 13.6 10.0 6.5 nmf 97.2 nmf
DuPONT ANALYSIS
Net Profit Margin (%) 11.1 10.6 19.0 10.3 22.8 3.8
Asset Turnover 0.8 0.8 0.3 1.5 0.9 1.1
Return on Equity (%) 46.0 23.6 19.7 21.9 46.2 5.8

nmf = not a meaningful figure

Data source: S&P Research Insight, Capital IQ, and Value Line Investment Survey.
Exhibit 1
FINANCIAL DETECTIVE, 2016
n-Sized Financial Data and Ratios

Hospitality Newspapers Pharmaceuticals Power Retail


G H I J K L M N O P

7 2 25 35 1 13 5 25 30 8
4 18 9 14 5 11 7 8 10 3
0 0 0 2 3 10 2 7 16 25
4 3 2 4 2 2 5 6 0 4
15 23 36 56 11 35 19 46 56 39
53 17 25 23 3 23 62 19 33 49
0 0 13 0 0 10 0 0 0 0
9 39 5 19 85 26 8 3 7 6
23 21 21 2 1 6 12 33 4 7
100 100 100 100 100 100 100 100 100 100

2 10 4 6 1 4 5 5 31 17
4 5 8 0 2 0 7 1 5 0
8 38 12 12 8 19 7 8 15 20
15 53 23 18 11 23 19 13 52 38
14 63 10 0 62 22 50 4 13 36
1 0 0 0 12 0 3 0 2 0
18 43 32 28 3 13 12 7 14 15
47 159 66 46 88 59 83 24 80 89
53 (59) 34 54 12 41 17 76 20 11
100 100 100 100 100 100 100 100 100 100

100 100 100 100 100 100 100 100 100 100
(63) (26) (39) (101) (23) (24) (81) (74) (67) (63)
0 0 0 0 0 0 0 0 0 (1)
0 0 0 0 0 0 0 0 0 (0)
37 74 61 (1) 77 76 19 26 33 36
(12) (23) 45 0 (26) (33) (1) (7) (19) (28)
0 0 0 0 (3) (24) 0 (4) (12) 0
(13) (4) 4 5 0 0 0 0 0 0
0 0 0 0 (23) 0 0 (0) (0) 0
13 47 12 (5) 25 19 18 14 2 8
(2) (5) (2) 0 (15) (0) (6) 0 (0) (1)
(3) 2 (4) (2) (12) (4) (4) 0 (0) (0)
8 44 6 (7) (1) 14 8 15 1 7
(3) (14) (2) 1 (1) (2) (3) 0 (1) (3)
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 (0) 0 (3) 0 0 0
5 30 4 (7) (3) 12 2 15 1 4
1.15 1.15 1.15 0.95 1.15 0.75 1.15 1.50 1.05 1.00
59.8 24.0 34.9 nmf 18.3 22.9 27.2 9.7 nmf 19.2
0.3 nmf 2.7 0.8 5.5 6.1 1.8 1.2 25.5 6.4
0.0 29.5 41.8 (39.4) 0.0 88.7 91.5 0.0 0.0 197.5

1.02 0.43 1.53 3.17 1.04 1.53 0.99 3.48 1.08 1.04
0.72 0.37 1.45 2.82 0.62 1.03 0.63 2.49 0.77 0.30

109.7 nmf nmf 61.2 2.3 1.6 17.6 4.6 7.7 4.9
8.8 13.1 7.1 8.3 4.3 5.9 5.8 9.3 17.8 11.7
0.6 14.1 2.4 4.8 7.6 2.5 0.6 2.5 5.5 4.1

47.4 159.0 65.7 45.7 87.7 59.0 83.0 24.2 79.5 88.7
26.2 nmf 29.3 0.0 501.9 54.6 292.5 5.2 61.5 320.9
4.8 8.1 4.2 nmf 1.7 23.2 1.9 74.1 4.9 10.2

4.9 30.1 4.0 (6.6) (2.8) 12.1 2.0 15.3 0.6 4.2
0.3 2.4 0.6 1.0 0.3 0.6 0.4 0.5 1.8 1.7
2.9 nmf 8.1 (14.8) (5.0) 16.1 11.2 10.4 4.9 36.2

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