C&F Financial
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
10.9510.5812.7930.7610.3310.126.126.437.029.8512.4610.33
Price/Sales ratio
1.391.331.621.891.731.690.971.37121.841.951.531.69
Price/Book Value ratio
1.091.011.231.421.221.150.690.871.041.071.031.15
Price/Cash Flow ratio
3.958.656.327.603.95-12.59-1.681.172.265.997.823.95
Price/Free Cash Flow ratio
4.189.806.738.904.25-10.68-1.491.202.356.228.784.25
Price/Earnings Growth ratio
-0.647.682.14-0.590.051.630.560.201.64-0.591.390.05
Dividend Yield
2.99%3.12%2.59%2.29%2.64%2.68%4.09%3.07%2.80%2.57%2.43%2.68%
Profitability Indicator Ratios
Gross Profit Margin
100%60.70%60.48%59.61%60.84%58.03%100%100%100%100%-1876.08%58.03%
Operating Profit Margin
26.31%108.77%108.45%108.99%31.29%21.27%21.02%28.30%2654.22%33.05%32.28%31.29%
Pretax Profit Margin
17.54%17.54%16.88%16.83%21.01%21.27%21.02%28.30%2197.62%24.49%15.21%21.27%
Net Profit Margin
12.68%12.64%12.68%6.15%16.79%16.76%15.91%21.30%1733.59%19.82%12.42%16.76%
Effective Tax Rate
27.69%27.91%24.88%63.41%20.05%21.23%23.25%23.52%20.54%18.57%17.83%21.23%
Return on Assets
0.92%0.89%0.92%0.43%1.18%1.13%1.05%1.26%1.24%0.96%0.73%1.13%
Return On Equity
10.00%9.56%9.66%4.63%11.85%11.43%11.37%13.58%14.85%10.88%8.58%11.43%
Return on Capital Employed
1.94%7.73%7.99%7.82%2.22%1.52%1.41%1.70%1.94%3.29%1.96%1.96%
Liquidity Ratios
Current Ratio
0.210.200.180.180.180.140.86N/AN/AN/A8.280.18
Quick Ratio
69.6588.5791.0357.6479.175.7722.1226.0415.560.398.285.77
Cash ratio
11.0411.957.895.567.261.784.017.550.710.060.931.78
Days of Sales Outstanding
24.0825.1624.9725.9525.2921.9921.2818.471.94K31.8824.5124.51
Days of Inventory outstanding
N/AN/AN/AN/AN/A-1.34KN/AN/AN/AN/AN/A-1.34K
Operating Cycle
N/A25.1624.9725.9525.29-1.31KN/AN/AN/AN/A24.51-1.31K
Days of Payables Outstanding
N/A6.546.127.097.999.98N/AN/AN/AN/A0.489.98
Cash Conversion Cycle
N/A18.6118.8518.8517.30-1.32KN/AN/AN/AN/A24.0317.30
Debt Ratios
Debt Ratio
0.120.120.110.110.100.050.030.030.030.040.050.05
Debt Equity Ratio
1.351.351.181.181.050.520.390.420.460.470.620.62
Long-term Debt to Capitalization
0.550.550.520.500.480.290.220.200.220.170.290.29
Total Debt to Capitalization
0.570.570.540.540.510.340.280.300.310.320.380.38
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A2.18N/AN/AN/A1.49N/A
Cash Flow to Debt Ratio
0.200.080.160.150.29-0.17-1.051.730.980.370.21-0.17
Company Equity Multiplier
10.8010.7210.4210.6410.0110.0510.7310.7311.8811.2411.2210.01
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.350.150.250.240.43-0.13-0.571.1653.840.320.19-0.13
Free Cash Flow / Operating Cash Flow Ratio
0.940.880.930.850.921.171.120.960.960.960.881.17
Cash Flow Coverage Ratio
0.200.080.160.150.29-0.17-1.051.730.980.370.21-0.17
Short Term Coverage Ratio
2.361.262.201.283.15-0.92-3.924.532.470.660.61-0.92
Dividend Payout Ratio
32.80%33.10%33.16%70.55%27.36%27.22%25.07%19.79%19.74%25.36%30.95%27.36%