Saul Centers
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
25.3025.5031.6328.0220.9023.47-157.19422.9910.3524.9418.4323.47
Price/Sales ratio
5.735.186.595.954.635.243.285.243.965.113.455.24
Price/Book Value ratio
4.063.574.494.042.963.232.033.092.433.772.703.23
Price/Cash Flow ratio
13.7212.1816.0713.079.5710.529.4310.598.0411.167.3810.52
Price/Free Cash Flow ratio
13.7212.1816.0713.079.5710.525.4910.596.9511.167.4010.52
Price/Earnings Growth ratio
0.14-3.044.083.890.55-53.061.44-2.560.00-0.360.180.18
Dividend Yield
3.85%4.43%3.61%4.21%5.55%5.01%8.18%4.95%6.84%5.16%6.15%5.55%
Profitability Indicator Ratios
Gross Profit Margin
76.41%75.97%75.94%75.93%75.61%74.97%74.06%74.23%73.75%73.89%68.56%74.97%
Operating Profit Margin
25.07%25.31%25.66%26.66%27.44%27.72%42.23%44.75%26.59%64.77%63.00%27.44%
Pretax Profit Margin
28.00%25.31%26.12%26.69%27.66%27.72%22.34%25.77%26.59%26.83%25.99%27.72%
Net Profit Margin
22.66%20.31%20.85%21.23%22.18%22.34%-2.09%1.23%38.28%20.48%18.70%22.34%
Effective Tax Rate
-59.95%-61.57%-59.80%-54.97%-53.69%12.42%109.35%95.19%-43.94%N/A-19.81%-53.69%
Return on Assets
3.70%3.25%3.37%3.39%3.30%3.19%-0.28%0.16%5.13%2.64%2.37%3.19%
Return On Equity
16.04%14.00%14.21%14.43%14.20%13.79%-1.29%0.73%23.50%15.12%14.51%14.20%
Return on Capital Employed
4.37%4.29%4.43%4.59%4.37%4.34%6.35%6.70%4.07%10.16%9.16%4.37%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A1.310.43N/AN/AN/A0.241.31
Quick Ratio
0.770.920.760.680.75-0.000.650.480.320.180.24-0.00
Cash ratio
0.140.140.090.100.150.090.180.090.050.020.020.09
Days of Sales Outstanding
82.4589.1689.1786.8186.2882.46105.2189.4983.6179.5181.4382.46
Days of Inventory outstanding
0.000.000.000.000.00454.75N/AN/A-22.41N/AN/A454.75
Operating Cycle
82.4589.1689.1786.8186.28537.22105.2189.4961.2079.5181.43537.22
Days of Payables Outstanding
175.92201.19145.68154.33212.90221.76152.35151.37243.12271.94256.35212.90
Cash Conversion Cycle
-93.46-112.03-56.51-67.52-126.62315.45-47.14-61.87-181.92-192.42-174.92315.45
Debt Ratios
Debt Ratio
0.670.660.670.660.660.670.690.650.660.690.700.66
Debt Equity Ratio
2.932.842.822.832.872.903.152.823.053.984.362.87
Long-term Debt to Capitalization
0.740.730.730.730.740.740.750.730.750.760.790.74
Total Debt to Capitalization
0.740.740.730.730.740.740.750.730.750.790.810.74
Interest Coverage Ratio
N/AN/AN/AN/AN/A2.622.14N/AN/AN/A3.112.62
Cash Flow to Debt Ratio
0.100.100.090.100.100.100.060.100.090.080.080.10
Company Equity Multiplier
4.334.294.214.254.294.314.514.314.575.726.184.29
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.410.420.410.450.480.490.340.490.490.450.460.49
Free Cash Flow / Operating Cash Flow Ratio
1111111.7111.15111
Cash Flow Coverage Ratio
0.100.100.090.100.100.100.060.100.090.080.080.10
Short Term Coverage Ratio
5.623.60N/AN/AN/AN/AN/AN/AN/A0.420.66N/A
Dividend Payout Ratio
97.60%113.07%114.50%118.01%116.12%117.85%-1286.95%2096.32%70.87%128.89%169.51%116.12%