Key Financials 2006-8  (Please Register for 2008 data)

All Financial Data in US Dollars.
Approach Resources Inc Data Growth
  2006 2007 2007
 Corporate Financials
  Key Financials
     Summary Income Statement (mln)
       Net Sales Revenues 46.7 39.1   -16.2%  
       EBITDA 51.3 20.9   -59.2%  
       EBITDA (normalised) 43.2 24.8   -42.6%  
       EBIT 36.8 7.8   -78.7%  
       EBIT (normalised) 28.7 11.7   -59.1%  
       EBITDAX 53.0 21.8   -58.8%  
       Pre-tax Profit 33.0 2.6   -92.1%  
       Net Income 21.2 2.7   -87.2%  
       Net Income (Normalised) 16.3 5.1   -69.1%  
 
     Balance Sheet Items (mln)
       Cash & short term securities 4.9 4.8   -2.6%  
       Gross Debt -47.6 0.0   -100.0%  
       Net (Debt) Cash -42.7 4.8   n/a  
       Shareholders' Funds 69.6 199.8   +187.2%  
       Capital employed 117.2 199.8   +70.5%  
 
     Cash Flow Items (mln)
       Operating Cash Flow 34.3 30.7   -10.4%  
       Net Cash Flow before Financing -25.1 -22.2   -11.5%  
       Free Cash Flow -18.9 -24.9   +31.4%  
 
     Per Share Data
       EPS Reported 2.26 0.25   -89.09%  
       EPS (Normalised) 1.74 0.46   -73.61%  
       Dividend per Share 0.00 0.00   +0.00%  
       Sales per Share 4.98 3.56   -28.47%  
       EBIT per Share 3.93 0.71   -81.85%  
       EBITDA per Share 5.48 1.91   -65.21%  
       Operating Cash Flow per Share 3.66 2.80   -23.50%  
       Op. Cash Flow per Share bef. working cap.changes 4.32 2.47   -42.72%  
       Book Value per Share 7.43 18.20   +145.15%  
 
     Key Ratios (%)
       Operating Margin 46.9% 17.2%   -63.3%  
       Net Margin 45.4% 6.9%   -84.8%  
       Effective Tax Rate 35.7% 40.0%   +12.1%  
       ROACE (pre-tax & pre non-recurring) % 39.1% 7.4%   -81.1%  
       Return on Equity 30.5% 2.0%   -93.4%  
       Net Debt to Equity 61.4% -2.4%   n/a  
 
     Valuation Measures
       Price Earnings Ratio (x) - Historic - 51.4   -  
       Price Earnings Ratio (x) - Latest 0.1 0.9   +817.0%  
       EV/EBITDA (x) - Historic - 12.5   -  
       EV/EBITDA (x) - Latest 8.6 21.0   +145.4%  
       Price to Op. Cash Flow (x) - Historic - 4.5   -  
       Price to Op. Cash Flow (x) - Latest 0.6 0.7   +11.6%  
       Price to Book (x) - Historic - 0.7   -  
       Price to Book (x) - Latest 0.0 0.0   -59.2%  
       Market Capitalisation - Historic (mln) - 261.5   -  
       Market Capitalisation - Latest (mln) 20.4 20.4   +0.0%  
       Enterprise Value - Gross - Historic (mln) - 261.5   -  
       Enterprise Value - Gross - Latest (mln) 440.2 440.2   +0.0%  
       Enterprise Value - Net - Historic (mln) - 256.7   -  
       Enterprise Value - Net - Latest (mln) 424.5 424.5   +0.0%