Consumers Energy Company
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.7419.0420.9928.7921.3226.1523.0325.8221.9019.0619.2926.15
Price/Sales ratio
1.311.541.802.012.032.592.602.562.132.262.682.03
Price/Book Value ratio
2.562.522.722.982.943.543.162.832.612.242.493.54
Price/Cash Flow ratio
6.506.077.107.768.229.9313.6210.3321.447.328.518.22
Price/Free Cash Flow ratio
-45.93-766.00-77.13-176.58-27.10-39.87-14.83-48.20-11.27-63.8120.15-27.10
Price/Earnings Growth ratio
6.752.394.43-1.630.508.702.21-5.261.623.632.700.50
Dividend Yield
3.13%3.23%2.98%2.83%2.89%2.45%2.68%2.70%2.97%3.42%3.07%2.89%
Profitability Indicator Ratios
Gross Profit Margin
29.09%33.68%37.33%38.02%34.89%37.45%41.45%36.14%32.13%38.35%33.76%37.45%
Operating Profit Margin
16.04%18.01%20.26%20.32%16.90%5.20%5.95%2.85%3.43%16.55%19.63%16.90%
Pretax Profit Margin
10.15%12.32%12.90%13.45%11.26%12.11%13.24%11.22%10.49%12.78%15.16%11.26%
Net Profit Margin
6.64%8.10%8.61%6.98%9.55%9.93%11.30%9.93%9.73%11.88%14.00%9.55%
Effective Tax Rate
34.29%34.04%33.05%47.85%14.85%17.73%15.02%11.54%10.31%15.40%16.84%14.85%
Return on Assets
2.48%2.57%2.54%1.99%2.67%2.53%2.54%2.53%2.66%2.64%3.00%2.67%
Return On Equity
12.99%13.28%12.95%10.35%13.81%13.55%13.73%10.97%11.93%11.75%13.25%13.55%
Return on Capital Employed
6.48%6.12%6.40%6.21%5.05%1.40%1.41%0.77%1.00%4.03%4.49%4.49%
Liquidity Ratios
Current Ratio
1.631.110.920.921.221.090.88N/AN/AN/A1.231.22
Quick Ratio
1.181.141.201.191.181.161.161.071.240.650.831.16
Cash ratio
0.140.190.170.120.090.090.100.240.080.070.180.09
Days of Sales Outstanding
51.7051.6157.7868.8665.1661.0547.6446.9667.0846.1739.2061.05
Days of Inventory outstanding
65.8266.3356.9860.1153.0151.5853.7552.0269.8874.4265.1553.01
Operating Cycle
117.53117.95114.76128.98118.17112.63101.4098.98136.97120.60104.36112.63
Days of Payables Outstanding
49.3354.7355.5266.2059.7854.1462.3469.1058.0564.1970.3159.78
Cash Conversion Cycle
68.2063.2159.2362.7858.3958.4939.0629.8878.9156.4134.0458.49
Debt Ratios
Debt Ratio
0.440.450.450.450.470.490.410.430.450.460.460.49
Debt Equity Ratio
2.342.372.332.342.462.622.261.872.022.061.972.62
Long-term Debt to Capitalization
0.680.680.670.670.690.700.680.640.650.650.650.70
Total Debt to Capitalization
0.700.700.700.700.710.720.690.650.660.670.660.72
Interest Coverage Ratio
4.544.484.604.533.68-4.033.81N/AN/AN/A2.09-4.03
Cash Flow to Debt Ratio
0.160.170.160.160.140.130.100.140.060.140.140.14
Company Equity Multiplier
5.225.165.085.195.155.345.394.334.464.444.295.34
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.200.250.250.250.240.260.190.240.090.300.310.24
Free Cash Flow / Operating Cash Flow Ratio
-0.14-0.00-0.09-0.04-0.30-0.24-0.91-0.21-1.90-0.110.41-0.30
Cash Flow Coverage Ratio
0.160.170.160.160.140.130.100.140.060.140.140.14
Short Term Coverage Ratio
2.411.711.261.331.551.491.844.830.772.164.671.55
Dividend Payout Ratio
61.84%61.56%62.61%81.52%61.64%64.11%61.85%69.91%65.23%65.27%58.64%64.11%