BGC Partners
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
488.3618.8327.6584.358.4333.0144.7220.2438.6563.71112.258.43
Price/Sales ratio
1.170.831.131.360.911.331.061.241.041.070.891.33
Price/Book Value ratio
5.023.663.356.852.164.082.924.052.812.452.502.16
Price/Cash Flow ratio
11.0011.22-118.273.44-2.0411.737.186.018.3973.72188.39-2.04
Price/Free Cash Flow ratio
12.8915.32-27.753.66-1.8719.539.966.9011.3673.72-46.1519.53
Price/Earnings Growth ratio
-4.75-0.00-0.95-1.640.03-0.46-1.340.11-0.63-1.360.02-0.46
Dividend Yield
5.20%5.5%6.02%4.60%13.89%10.91%5.64%2.67%2.32%N/A0.22%10.91%
Profitability Indicator Ratios
Gross Profit Margin
91.41%92.56%92.00%93.53%91.75%42.45%40.96%32.51%47.80%91.96%58.81%58.81%
Operating Profit Margin
2.02%-0.63%6.51%5.61%12.21%4.71%3.40%-7.39%12.45%85.92%4.03%4.71%
Pretax Profit Margin
-0.18%13.65%7.52%7.29%9.91%6.56%3.78%8.75%5.42%2.84%1.41%6.56%
Net Profit Margin
0.24%4.45%4.09%1.61%10.88%4.03%2.37%6.15%2.71%1.68%0.96%4.03%
Effective Tax Rate
-20.42%30.99%32.00%64.77%42.33%38.49%27.34%13.03%39.59%32.80%23.03%38.49%
Return on Assets
0.15%3.17%2.92%0.94%5.75%2.17%1.23%3.71%1.58%1.07%0.48%2.17%
Return On Equity
1.02%19.47%12.13%8.12%25.70%12.36%6.53%20.00%7.27%3.84%2.53%12.36%
Return on Capital Employed
1.30%-0.70%6.42%4.60%14.46%4.63%2.95%-7.64%11.32%54.79%2.03%4.63%
Liquidity Ratios
Current Ratio
0.390.180.220.150.170.190.43N/AN/AN/AN/A0.19
Quick Ratio
19.231.641.621.430.221.331.491.421.51N/AN/A1.33
Cash ratio
7.120.320.510.400.170.230.370.390.44N/AN/A0.23
Days of Sales Outstanding
202.30149.98128.35160.38294.91287.89259.65248.31237.7063.08220.53287.89
Days of Inventory outstanding
N/AN/AN/AN/A-220.74N/AN/AN/AN/AN/AN/A-220.74
Operating Cycle
202.30149.98128.35160.3874.16287.89259.65248.31237.7063.08220.5374.16
Days of Payables Outstanding
230.792.42K1.77K2.80K3.72K508.64464.02358.41423.68N/AN/A508.64
Cash Conversion Cycle
-28.49-2.27K-1.64K-2.64K-3.64K-220.74-204.36-110.09-185.9763.08220.53-3.64K
Debt Ratios
Debt Ratio
0.200.210.270.360.220.290.330.310.34N/AN/A0.29
Debt Equity Ratio
1.381.291.143.181.001.691.761.701.56N/AN/A1.69
Long-term Debt to Capitalization
0.580.560.530.760.490.620.630.620.61N/AN/A0.62
Total Debt to Capitalization
0.580.560.530.760.500.620.630.630.61N/AN/A0.62
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A2.32N/AN/AN/A1.10N/A
Cash Flow to Debt Ratio
0.320.25-0.020.62-1.060.200.230.390.21N/AN/A-1.06
Company Equity Multiplier
6.856.134.158.604.465.685.275.394.593.584.574.46
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.07-0.000.39-0.440.110.140.200.120.010.00-0.44
Free Cash Flow / Operating Cash Flow Ratio
0.850.734.260.931.090.600.720.870.731-3.340.60
Cash Flow Coverage Ratio
0.320.25-0.020.62-1.060.200.230.390.21N/AN/A-1.06
Short Term Coverage Ratio
N/AN/AN/A208.68-157.9948.1779.04116.40117.03N/AN/A-157.99
Dividend Payout Ratio
2542.49%103.60%166.66%388.76%117.17%360.37%252.61%54.24%89.78%N/A152.41%117.17%