AMTD IDEA Group
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.7018.8017.7727.7433.7615.9111.054.5914.780.762.2115.91
Price/Sales ratio
4.994.764.5715.6922.1212.6911.474.0612.020.880.9512.69
Price/Book Value ratio
3.263.115.747.215.952.181.290.970.270.08N/A2.18
Price/Cash Flow ratio
15.1320.4910.19186.96199.7421.056.3112.9610.052.720.4821.05
Price/Free Cash Flow ratio
17.6022.6510.97187.27199.7721.056.3112.9610.052.720.4821.05
Price/Earnings Growth ratio
1.203.843.01-0.76-1.880.1818.460.45-0.160.000.01-1.88
Dividend Yield
N/AN/AN/AN/AN/A4816.64%0.49%2.20%5.87%2.56%N/A4816.64%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%99.16%99.22%99.79%99.81%99.90%95.95%128.14%14.17%99.79%
Operating Profit Margin
41.69%41.48%40.31%78.71%83.16%83.27%80.67%87.11%77.30%74.82%14.52%83.27%
Pretax Profit Margin
40.86%40.11%38.63%80.50%85.26%84.08%91.28%96.11%99.74%128.50%53.48%84.08%
Net Profit Margin
25.32%25.31%25.71%56.57%65.53%79.75%103.82%88.50%81.31%116.52%43.11%79.75%
Effective Tax Rate
38.03%36.87%33.43%16.72%13.76%16.00%13.73%8.21%7.70%2.73%19.39%13.76%
Return on Assets
3.30%3.08%3.82%9.40%6.58%11.34%10.82%18.33%1.72%9.61%N/A11.34%
Return On Equity
16.57%16.58%32.30%26.02%17.65%13.74%11.71%21.23%1.87%11.11%24.04%17.65%
Return on Capital Employed
22.15%19.87%48.17%13.10%8.38%11.94%8.47%18.29%1.67%6.90%N/A11.94%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A43.77N/A
Quick Ratio
0.280.321.13-114.34-78.09-23.81-0.77-0.00-0.017.65N/A-78.09
Cash ratio
0.120.140.0213.265.0711.605.605.745.630.76N/A11.60
Days of Sales Outstanding
1.52K1.57K153.78N/AN/AN/AN/AN/AN/A3.20KN/AN/A
Days of Inventory outstanding
N/AN/AN/A36.22K137.35K354.62K94.86K141.56K55.83KN/AN/A354.62K
Operating Cycle
N/AN/AN/A36.22K137.35K354.62K94.86K141.56K55.83K3.20KN/A354.62K
Days of Payables Outstanding
N/AN/AN/AN/A39.75K74.62K37.10KN/A3.96K-91.17N/A74.62K
Cash Conversion Cycle
N/AN/AN/A36.22K97.60K279.99K57.75K141.56K51.87K3.29KN/A279.99K
Debt Ratios
Debt Ratio
0.050.060.020.05N/AN/A0.010.070.010.06N/AN/A
Debt Equity Ratio
0.260.360.240.16N/AN/A0.010.080.020.07N/AN/A
Long-term Debt to Capitalization
0.200.26N/AN/AN/AN/A0.010.010.000.02N/AN/A
Total Debt to Capitalization
0.200.260.190.13N/AN/A0.010.070.020.06N/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A8.04N/A
Cash Flow to Debt Ratio
0.810.412.300.23N/AN/A17.150.861.300.41N/AN/A
Company Equity Multiplier
5.015.378.432.762.681.211.081.151.091.15N/A1.21
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.320.230.440.080.110.601.810.311.190.321.980.11
Free Cash Flow / Operating Cash Flow Ratio
0.850.900.920.990.990.990.9910.990.990.980.99
Cash Flow Coverage Ratio
0.810.412.300.23N/AN/A17.150.861.300.41N/AN/A
Short Term Coverage Ratio
N/AN/A2.300.23N/AN/AN/A1.111.330.6043.49N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/A76669.22%5.50%10.13%86.88%1.95%N/A76669.22%