Arcos Dorados Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
7.997.305.955.30
Price/Sales ratio
0.310.280.270.26
Earnings per Share (EPS)
$0.92$1.01$1.24$1.39

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-10.52-12.8614.6116.8844.8420.69-6.8226.9612.5414.7410.5020.69
Price/Sales ratio
0.310.210.390.650.530.550.510.460.480.610.340.55
Price/Book Value ratio
2.512.313.284.404.213.925.155.565.435.182.993.92
Price/Cash Flow ratio
5.965.897.018.549.197.3963.814.755.096.994.997.39
Price/Free Cash Flow ratio
49.4430.5616.0127.12-95.46-39.60-14.488.5713.71122.23-25.77-95.46
Price/Earnings Growth ratio
0.030.24-0.050.26-0.620.160.02-0.200.060.510.13-0.62
Dividend Yield
4.34%1.88%N/AN/A1.26%1.35%1.00%0.00%1.79%1.49%3.29%1.26%
Profitability Indicator Ratios
Gross Profit Margin
12.00%11.71%12.23%13.52%13.43%12.42%5.81%12.18%71.67%13.78%14.48%13.43%
Operating Profit Margin
1.94%3.05%6.09%8.22%4.00%5.40%-3.36%5.24%3.99%7.20%6.72%4.00%
Pretax Profit Margin
-2.09%-0.93%4.73%5.50%2.76%4.01%-6.64%2.92%6.25%6.42%5.14%2.76%
Net Profit Margin
-2.99%-1.69%2.69%3.89%1.19%2.7%-7.52%1.71%3.87%4.18%3.24%1.19%
Effective Tax Rate
-42.42%-79.90%43.02%29.16%56.51%32.64%-13.29%41.05%38.00%34.41%36.49%32.64%
Return on Assets
-6.09%-3.66%5.23%7.16%2.33%3.12%-6.51%1.92%5.32%6.00%4.93%2.33%
Return On Equity
-23.92%-18.03%22.45%26.05%9.39%18.97%-75.62%20.63%43.36%35.17%29.49%9.39%
Return on Capital Employed
5.65%11.26%18.66%22.77%11.38%8.15%-3.72%8.00%7.70%14.33%14.03%11.38%
Liquidity Ratios
Current Ratio
0.820.650.811.070.940.680.82N/AN/AN/A0.630.68
Quick Ratio
0.720.570.720.940.840.610.750.810.830.650.560.61
Cash ratio
0.250.190.350.500.390.200.320.450.350.230.140.20
Days of Sales Outstanding
15.2911.8313.9616.2312.9815.7921.0014.2915.2315.7314.3512.98
Days of Inventory outstanding
6.066.046.9410.526.305.326.565.9017.835.164.925.32
Operating Cycle
21.3617.8720.9126.7519.2921.1127.5620.2033.0720.8919.2821.11
Days of Payables Outstanding
25.0325.4130.9438.5833.1736.5540.9242.06125.8736.6431.1136.55
Cash Conversion Cycle
-3.67-7.53-10.02-11.83-13.88-15.44-13.35-21.86-92.80-15.75-11.83-13.88
Debt Ratios
Debt Ratio
0.440.460.380.350.390.250.330.310.270.240.250.25
Debt Equity Ratio
1.752.281.651.271.601.513.933.372.251.451.481.51
Long-term Debt to Capitalization
0.620.630.610.550.610.590.790.770.680.580.580.59
Total Debt to Capitalization
0.630.690.620.560.610.600.790.770.690.590.590.60
Interest Coverage Ratio
0.971.452.673.992.333.07-1.13N/AN/AN/A6.822.33
Cash Flow to Debt Ratio
0.240.170.280.400.280.340.020.340.470.500.400.28
Company Equity Multiplier
3.924.914.283.634.026.0711.6110.718.145.855.784.02
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.030.050.070.050.070.000.090.090.080.060.05
Free Cash Flow / Operating Cash Flow Ratio
0.120.190.430.31-0.09-0.18-4.400.550.370.05-0.19-0.18
Cash Flow Coverage Ratio
0.240.170.280.400.280.340.020.340.470.500.400.28
Short Term Coverage Ratio
4.990.685.8458.5342.8713.525.1054.4217.8510.227.3513.52
Dividend Payout Ratio
-45.76%-24.22%N/AN/A56.82%28.06%-6.84%0.04%22.50%22.07%27.34%28.06%