ADES

Ades Holding Company

2382StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	17.85B	19.08B	26.28B	—	—
Market Cap Growth	-4.3%	-27.4%	—	—	—
Enterprise Value	29.98B	29.85B	39.21B	—	—
Last Close Price	16.21	16.88	23.08	—	—
Valuation Multiples
Forward PE (Next 12M Est.)	18.90	23.22	35.82	—	—
PE Ratio	22.18	23.77	59.45	—	—
PEG Ratio	1.66	0.75	0.91	—	—
PS Ratio	2.85	3.08	6.07	—	—
PB Ratio	2.69	2.92	4.55	—	—
P/TBV Ratio	2.71	2.94	4.57	—	—
P/FCF Ratio	18.23	30.59	—	—	—
P/OCF Ratio	6.14	6.36	11.52	—	—
EV/Sales Ratio	4.78	4.82	9.05	—	—
EV/EBITDA Ratio	9.20	10.44	20.40	—	—
EV/EBIT Ratio	16.56	16.83	31.20	—	—
EV/FCF Ratio	30.63	47.86	—	—	—
Leverage & Capital
Debt / Equity Ratio	2.03	1.91	1.88	4.84	2.13
Debt / EBITDA Ratio	4.13	4.09	5.30	14.81	11.00
Debt / FCF Ratio	13.73	19.97	—	—	—
Net Debt / Equity Ratio	1.82	1.78	1.81	4.75	2.01
Net Debt / EBITDA Ratio	3.97	4.06	5.44	15.24	10.83
Net Debt / FCF Ratio	12.36	18.61	-5.92	-3.87	-101.30
Efficiency & Liquidity
Asset Turnover	0.29	0.30	0.26	0.23	0.26
Inventory Turnover	7.19	8.94	10.16	9.63	6.07
Quick Ratio	0.77	0.73	0.53	0.32	0.72
Current Ratio	1.09	1.07	0.75	0.73	1.18
Returns & Yields
Return on Equity (ROE)	+12.7%	+13.3%	+11.3%	+19.0%	+6.3%
Return on Assets (ROA)	+5.2%	+5.4%	+4.6%	+2.0%	+1.0%
Return on Invested Capital (ROIC)	+7.9%	+8.7%	+7.3%	+3.0%	+1.5%
Return on Capital Employed (ROCE)	+9.4%	+9.5%	+7.7%	+2.7%	+1.7%
Earnings Yield	+4.5%	+4.2%	+1.7%	—	—
FCF Yield	+5.5%	+3.3%	-6.7%	—	—
Dividend Yield	+2.7%	+2.6%	—	—	—
Payout Ratio	+88.4%	+29.6%	—	—	—
Buyback Yield / Dilution	+0.3%	-45.7%	—	—	—
Total Shareholder Return	+3.0%	-43.1%	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	17.85B	19.08B	26.28B	—	—
Market Cap Growth	-4.3%	-27.4%	—	—	—
Enterprise Value	29.98B	29.85B	39.21B	—	—
Last Close Price	16.21	16.88	23.08	—	—
Valuation Multiples
Forward PE (Next 12M Est.)	18.90	23.22	35.82	—	—
PE Ratio	22.18	23.77	59.45	—	—
PEG Ratio	1.66	0.75	0.91	—	—
PS Ratio	2.85	3.08	6.07	—	—
PB Ratio	2.69	2.92	4.55	—	—
P/TBV Ratio	2.71	2.94	4.57	—	—
P/FCF Ratio	18.23	30.59	—	—	—
P/OCF Ratio	6.14	6.36	11.52	—	—
EV/Sales Ratio	4.78	4.82	9.05	—	—
EV/EBITDA Ratio	9.20	10.44	20.40	—	—
EV/EBIT Ratio	16.56	16.83	31.20	—	—
EV/FCF Ratio	30.63	47.86	—	—	—
Leverage & Capital
Debt / Equity Ratio	2.03	1.91	1.88	4.84	2.13
Debt / EBITDA Ratio	4.13	4.09	5.30	14.81	11.00
Debt / FCF Ratio	13.73	19.97	—	—	—
Net Debt / Equity Ratio	1.82	1.78	1.81	4.75	2.01
Net Debt / EBITDA Ratio	3.97	4.06	5.44	15.24	10.83
Net Debt / FCF Ratio	12.36	18.61	-5.92	-3.87	-101.30
Efficiency & Liquidity
Asset Turnover	0.29	0.30	0.26	0.23	0.26
Inventory Turnover	7.19	8.94	10.16	9.63	6.07
Quick Ratio	0.77	0.73	0.53	0.32	0.72
Current Ratio	1.09	1.07	0.75	0.73	1.18
Returns & Yields
Return on Equity (ROE)	+12.7%	+13.3%	+11.3%	+19.0%	+6.3%
Return on Assets (ROA)	+5.2%	+5.4%	+4.6%	+2.0%	+1.0%
Return on Invested Capital (ROIC)	+7.9%	+8.7%	+7.3%	+3.0%	+1.5%
Return on Capital Employed (ROCE)	+9.4%	+9.5%	+7.7%	+2.7%	+1.7%
Earnings Yield	+4.5%	+4.2%	+1.7%	—	—
FCF Yield	+5.5%	+3.3%	-6.7%	—	—
Dividend Yield	+2.7%	+2.6%	—	—	—
Payout Ratio	+88.4%	+29.6%	—	—	—
Buyback Yield / Dilution	+0.3%	-45.7%	—	—	—
Total Shareholder Return	+3.0%	-43.1%	—	—	—