Covanta Holding
Financial ratios & Valuation

Historical Multiples (2011 – 2020)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
9.1214.10-327.10-1.41K30.06-503.138.5411.65197.37-61.89107.7830.06
Price/Sales ratio
1.210.971.401.681.241.181.250.941.050.911.321.24
Price/Book Value ratio
1.831.532.523.633.204.295.143.635.245.5912.083.20
Price/Cash Flow ratio
5.534.707.248.328.217.139.047.448.736.828.698.21
Price/Free Cash Flow ratio
8.507.4717.8822.71-16.09-26.13-64.6155.3529.0218.8317.27-16.09
Price/Earnings Growth ratio
0.03-0.323.0719.86-0.004.74-0.020.07-2.110.16-0.284.74
Dividend Yield
1.60%5.59%2.83%N/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
33.03%41.42%39.07%37.27%31.36%30.72%27.45%29.28%26.68%25.42%25.07%30.72%
Operating Profit Margin
15.09%14.35%14.66%12.78%9.24%7.59%5.87%7.97%4.91%4.62%6.19%7.59%
Pretax Profit Margin
6.48%8.15%4.78%0.23%-1.70%0.82%-7.70%6.26%-0.16%-2.62%0.83%-1.70%
Net Profit Margin
13.27%6.93%-0.42%-0.11%4.13%-0.23%3.25%8.13%0.53%-1.47%1.22%-0.23%
Effective Tax Rate
26.16%19.40%51.28%375%300%157.14%141.48%-24.78%233.33%36%-23.52%157.14%
Return on Assets
4.99%2.51%-0.15%-0.04%1.59%-0.09%1.28%3.95%0.26%-0.75%0.69%-0.09%
Return On Equity
20.12%10.87%-0.77%-0.25%10.65%-0.85%13.34%31.21%2.65%-9.03%9.28%-0.85%
Return on Capital Employed
6.37%5.66%6.79%5.63%3.90%3.33%3.02%4.38%2.73%2.66%4%3.90%
Liquidity Ratios
Current Ratio
1.591.910.861.621.891.301.111.121.131.090.891.30
Quick Ratio
1.061.440.551.621.891.301.111.121.131.030.691.30
Cash ratio
0.480.680.230.230.250.200.040.130.100.130.120.20
Days of Sales Outstanding
61.9360.8362.9267.2774.7771.9671.0466.0451.1354.8246.4771.96
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A5.91N/AN/A
Operating Cycle
61.9360.8362.9267.2774.7771.9671.0466.0451.1360.7311.4671.96
Days of Payables Outstanding
8.2515.538.8211.7629.0930.3943.3620.999.5819.2716.7630.39
Cash Conversion Cycle
53.6845.2954.1055.5045.6741.5727.6745.0441.5541.4629.7141.57
Debt Ratios
Debt Ratio
0.750.760.790.520.580.610.560.640.670.680.930.58
Debt Equity Ratio
3.033.313.822.833.895.615.905.126.698.1915.133.89
Long-term Debt to Capitalization
0.640.680.650.730.790.840.850.830.860.890.910.79
Total Debt to Capitalization
0.660.680.710.730.790.840.850.830.860.890.910.79
Interest Coverage Ratio
2.541.951.821.591.130.920.701.020.640.660.990.92
Cash Flow to Debt Ratio
0.160.140.130.150.100.100.090.090.080.100.120.10
Company Equity Multiplier
4.034.314.825.376.679.1310.407.899.8811.9516.136.67
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.210.200.190.200.150.160.130.120.120.130.150.15
Free Cash Flow / Operating Cash Flow Ratio
0.650.620.400.36-0.51-0.27-0.130.130.300.360.50-0.51
Cash Flow Coverage Ratio
0.160.140.130.150.100.100.090.090.080.100.120.10
Short Term Coverage Ratio
2.014.120.547.5710.379.097.3679.049.408.379.09
Dividend Payout Ratio
14.61%78.94%-928.57%N/AN/AN/AN/AN/AN/AN/AN/AN/A