Centerspace
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-69.7135.1211.3416.635.4717.49-36.98-48.77-59.4320.79-74.3117.49
Price/Sales ratio
3.454.134.333.503.764.584.987.583.473.334.233.76
Price/Book Value ratio
1.551.291.321.281.041.331.391.911.191.201.481.04
Price/Cash Flow ratio
9.927.4112.289.7513.3112.2214.4918.219.709.7411.1512.22
Price/Free Cash Flow ratio
9.929.9333.629.7517.5117.4928.7131.7925.289.7415.1017.49
Price/Earnings Growth ratio
0.44-0.130.07-0.510.03-0.300.25-2.581.05-0.05-0.56-0.30
Dividend Yield
6.23%8.45%8.15%N/A5.12%4.70%4.75%2.97%5.77%5.82%3.41%4.70%
Profitability Indicator Ratios
Gross Profit Margin
59.13%47.36%57.99%57.05%53.71%54.50%55.63%55.07%53.82%55.92%26.16%54.50%
Operating Profit Margin
12.47%28.07%20.98%-6.70%-13.96%6.14%4.68%1.34%5.39%32.31%9.50%-13.96%
Pretax Profit Margin
-8.81%12.90%10.23%-18.54%-21.91%45.66%2.66%-1.04%-6.87%18.84%-7.09%-21.91%
Net Profit Margin
-4.96%11.77%38.23%21.06%68.80%26.20%-13.48%-15.55%-5.85%16.05%-5.33%26.20%
Effective Tax Rate
-127.92%17.46%-307.62%96.44%415.51%42.62%605.92%-1393.66%14.86%N/A18.92%42.62%
Return on Assets
-0.70%1.20%4.09%2.93%8.18%3.49%-1.63%-1.61%-0.73%2.17%-0.72%3.49%
Return On Equity
-2.22%3.69%11.63%7.72%19.03%7.65%-3.78%-3.93%-2.01%5.77%-1.95%7.65%
Return on Capital Employed
1.85%3.68%2.43%-1.02%-1.86%0.88%0.66%0.15%0.74%4.60%1.58%-1.86%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.05N/A
Quick Ratio
1.380.242.250.660.140.480.140.600.140.320.050.48
Cash ratio
0.570.110.490.220.070.270.000.220.060.090.040.27
Days of Sales Outstanding
12.2215.535.0718.482.611.841.761.829.4410.68N/A1.84
Days of Inventory outstanding
0.001.48KN/AN/A19.6263.375.62-9.40-42.14N/AN/A63.37
Operating Cycle
12.221.50K5.0718.4822.2465.227.38-7.57-32.6910.68N/A65.22
Days of Payables Outstanding
186.86134.69164.11N/A182.20170.82183.53228.40181.10198.89N/A170.82
Cash Conversion Cycle
-174.631.36K-159.0318.48-159.96-105.60-176.15-235.97-213.79-188.20N/A-159.96
Debt Ratios
Debt Ratio
0.560.410.380.510.490.460.490.440.560.470.480.48
Debt Equity Ratio
1.781.271.101.351.141.021.131.071.541.261.331.14
Long-term Debt to Capitalization
0.620.550.510.550.480.490.520.510.570.540.560.48
Total Debt to Capitalization
0.640.550.520.570.530.500.530.510.600.550.570.53
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.67N/A
Cash Flow to Debt Ratio
0.080.130.090.090.060.100.080.090.070.090.090.06
Company Equity Multiplier
3.153.062.842.622.322.192.302.432.722.652.732.32
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.340.550.350.350.280.370.340.410.350.340.350.28
Free Cash Flow / Operating Cash Flow Ratio
10.740.3610.760.690.500.570.3810.780.76
Cash Flow Coverage Ratio
0.080.130.090.090.060.100.080.090.070.090.090.06
Short Term Coverage Ratio
1.526.523.791.290.384.672.383.09K0.632.982.350.38
Dividend Payout Ratio
-434.50%297.16%92.56%N/A28.05%82.37%-175.91%-145.16%-343.09%121.07%-373.37%82.37%