Books-A-Million Inc

(BAMM) June 7, 2010

Figures in Millions except per share values
Company Overview Low Risk
Books-A-Million, Inc. is a book retailer in the south-eastern United States. The 5.0
Company operates both superstores and traditional bookstores. Superstores, range in 4.0
size from 8,000 to 36,000 square feet and operate under the names Books-A-Million
and Books and Co. Traditional bookstores are smaller stores operated under the 3.0
Strong Moat High Growth
names Bookland and Books-A-Million. These stores range in size from 2,000 to 7,000 2.0
square feet and are located in enclosed malls. All store formats generally offer an 1.0
extensive selection of best sellers and other hardcover and paperback books,
magazines, and newspapers. In addition to the retail store formats, the Company offer 0.0
the products over the Internet at Booksamillion.com. The Company operates in two
business segments: retail trade and electronic commerce trade.
Good Financial
Under Valued
Health

Valuation Well Managed

Current Price $ 6.79 Margin of Safety
NCAV $ 13.51 99%

Total Net Reprod. Cost $ 15.38 127%

5 Year Historical Price vs DCF Intrinsic Value
18
Earnings Power Value (EPV) $ 15.78 132%
16
Discounted Cash Flow (DCF) $ 15.40 127%

Ben Graham Formula $ 9.68 42% 14

12
Key Statistics Valuation Ratios 10
Market Cap (millions) $ 107.73 P/E (TTM) 8.0 8
52-Week High $ 15.00 P/S (TTM) 0.2 6
52-Week Low $ 5.77 P/B (MRQ) 0.0
% off 52-Week Low 18% P/Tang. BV (MRQ) 0.0 4
FCF/EV (TTM) 11.0% 2
Cash Flows P/FCF (TTM) 0.0 0
Free Cash Flow EV/Sales (TTM) 0.3 9/22/2003 9/22/2005 9/22/2007 9/22/2009
5 yr FCF Growth -8.6% EV/FCF (TTM) 9.1 Historical Price Intrinsic Value Buy Price
10 yr FCF Growth 0.0%
Margins & Profitability Balance Sheet
Effectiveness Gross Cash and Equiv $ 6.60
CROIC Gross Margin Short-Term Investments $ -
Avg 15.7% Operating Accts Rec $ 6.10
FCF/S Operating Margin Inventory $ 201.50
Avg 3.8% Net Profit Total Current Assets $ 217.10
ROA Net Margin Net PP&E $ 53.10
Avg 5.0% Intangibles $ -
ROE Financial Strength (MRQ) Total Assets $ 270.20
Avg 12.5% Quick Ratio 0.0
Current Ratio 0.0 Total Current Liabilities $ 132.10
Efficiency LT Debt to Equity 0.0 Long-Term Debt $ 6.40
Receivable Turnover (TTM) 0.0 Total Debt to Equity 0.0 Total Liabilities $ -
Inventory Turnover (TTM) 0.0
Asset Turnover (TTM) 0.0