Alignment Healthcare
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-28.88-40.21114.4634.60
Price/Sales ratio
0.890.740.630.52
Earnings per Share (EPS)
$-0.51$-0.36$0.13$0.43

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-54.68-82.85-11.35-14.24-10.83-9.31-47.10
Price/Sales ratio
4.283.372.071.480.870.971.77
Price/Book Value ratio
-41.18105.907.898.9410.215.858.42
Price/Cash Flow ratio
352.05428.74-30.69-46.91-27.08-30.70-30.69
Price/Free Cash Flow ratio
-3.12K-397.90-24.88-30.79-16.84-20.15-211.39
Price/Earnings Growth ratio
N/A2.41-0.020.432.24-0.320.20
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
12.62%17.32%11.02%12.84%11.02%12.84%14.17%
Operating Profit Margin
-3.89%-0.62%-15.24%-8.96%-7.00%-8.96%-12.10%
Pretax Profit Margin
-5.90%-2.39%-16.72%-10.41%-8.12%-10.41%-13.56%
Net Profit Margin
-7.83%-4.07%-18.23%-10.43%-8.11%-10.43%-14.33%
Effective Tax Rate
-32.51%-70.65%-9.04%-0.22%0.01%-0.22%-39.85%
Return on Assets
-30.64%-11.55%-33.75%-23.60%-25.00%-23.60%-22.65%
Return On Equity
75.31%-127.81%-69.58%-62.84%-94.31%-54.55%-98.69%
Return on Capital Employed
-46.66%-3.23%-38.40%-31.84%-38.86%-31.84%-20.82%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A2.36N/A
Quick Ratio
0.971.723.302.361.832.182.83
Cash ratio
0.661.352.781.780.771.782.28
Days of Sales Outstanding
17.1815.2718.2823.6423.9623.6416.78
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/A
Operating Cycle
17.1815.2718.2823.6423.965.8220.96
Days of Payables Outstanding
8.477.216.1250.2038.259.426.66
Cash Conversion Cycle
8.708.0512.16-26.56-14.2814.2110.11
Debt Ratios
Debt Ratio
0.710.420.230.250.270.620.33
Debt Equity Ratio
-1.754.700.490.671.031.652.60
Long-term Debt to Capitalization
2.320.820.320.400.500.400.36
Total Debt to Capitalization
2.320.820.320.400.50N/A0.36
Interest Coverage Ratio
N/AN/AN/AN/AN/A-7.03N/A
Cash Flow to Debt Ratio
0.060.05-0.52-0.28-0.36N/A-0.26
Company Equity Multiplier
-2.4511.052.062.663.772.666.55
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.00-0.06-0.03-0.03-0.03-0.04
Free Cash Flow / Operating Cash Flow Ratio
-0.11-1.071.231.521.601.520.07
Cash Flow Coverage Ratio
0.060.05-0.52-0.28-0.36N/A-0.26
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A