Bank of Hawaii
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
15.9616.9120.8419.6212.7817.0119.7913.1613.6016.6219.6812.78
Price/Sales ratio
4.654.686.155.634.285.644.474.994.394.283.175.64
Price/Book Value ratio
2.462.433.252.942.212.982.212.072.332.011.662.98
Price/Cash Flow ratio
12.4211.6116.6920.688.8316.4020.788.849.2218.9424.778.83
Price/Free Cash Flow ratio
13.2912.3617.8925.049.9321.3026.909.4010.0920.2029.199.93
Price/Earnings Growth ratio
1.6962.751.437.590.622.71-0.640.21-1.08-0.6826.170.62
Dividend Yield
3.05%2.88%2.14%2.40%3.50%2.74%3.52%3.40%3.92%4.20%3.97%3.50%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%99.19%100%100%100%100%100%100.10%99.19%
Operating Profit Margin
42.46%39.84%42.21%41.71%50.97%41.96%27.78%48.68%45.01%34.24%42.53%41.96%
Pretax Profit Margin
42.46%39.84%42.21%41.71%41.23%41.96%27.78%48.68%41.63%34.21%21.07%41.96%
Net Profit Margin
29.13%27.69%29.50%28.73%33.51%33.17%22.59%37.89%32.34%25.78%16.00%33.17%
Effective Tax Rate
31.39%30.49%30.09%31.10%18.73%20.96%18.67%22.17%22.30%24.61%24.03%18.73%
Return on Assets
1.10%1.03%1.10%1.08%1.28%1.24%0.74%1.11%0.95%0.72%0.59%1.24%
Return On Equity
15.45%14.39%15.62%14.99%17.31%17.55%11.18%15.72%17.14%12.10%9.21%17.55%
Return on Capital Employed
1.60%1.49%1.57%1.56%1.94%1.58%0.91%1.42%1.33%2.81%3.43%1.94%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.11N/A
Quick Ratio
531.28530.45667.55472.40374.89464.57962.562.10K390.830.070.11464.57
Cash ratio
33.9932.3532.2938.3538.7037.8254.9279.5933.030.010.0037.82
Days of Sales Outstanding
176.63156.99151.22131.43136.6190.5385.8282.0768.22N/A27.5290.53
Days of Inventory outstanding
N/AN/AN/AN/A-40.92KN/AN/AN/AN/AN/AN/A-40.92K
Operating Cycle
N/AN/AN/AN/A-40.78KN/AN/AN/AN/AN/A27.52-40.78K
Days of Payables Outstanding
N/AN/AN/AN/A574.10N/AN/AN/AN/AN/A-16.34KN/A
Cash Conversion Cycle
N/AN/AN/AN/A-41.36KN/AN/AN/AN/AN/A16.37K-41.36K
Debt Ratios
Debt Ratio
0.010.010.010.010.000.000.00N/A0.010.020.020.00
Debt Equity Ratio
0.160.210.220.200.090.050.03N/A0.310.380.330.09
Long-term Debt to Capitalization
0.140.170.180.160.080.050.03N/A0.230.280.240.08
Total Debt to Capitalization
0.140.170.180.160.080.050.03N/A0.230.280.240.08
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.23N/A
Cash Flow to Debt Ratio
1.200.990.880.702.533.122.92N/A0.800.270.203.12
Company Equity Multiplier
14.0113.8414.1913.8713.5114.0614.9814.1317.9216.7814.2813.51
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.370.400.360.270.480.340.210.560.470.220.120.34
Free Cash Flow / Operating Cash Flow Ratio
0.930.930.930.820.880.760.770.940.910.930.850.76
Cash Flow Coverage Ratio
1.200.990.880.702.533.122.92N/A0.800.270.203.12
Short Term Coverage Ratio
N/AN/AN/AN/A1.59KN/AN/AN/A27.31N/AN/AN/A
Dividend Payout Ratio
48.85%48.76%44.72%47.14%44.85%46.68%69.85%44.83%53.33%69.90%86.04%44.85%