Covetrus
Financial ratios & Valuation

Historical Multiples (2015 – 2021)

2015 2016 2017 2018 2019 2020 2021 TTM Median
Valuation Ratios
Price/Earnings ratio
75.5964.8670.8545.21-1.38-178.49-31.81-226.0421.91
Price/Sales ratio
1.531.351.271.200.350.780.590.630.78
Price/Book Value ratio
N/A4.223.753.051.122.201.811.952.08
Price/Cash Flow ratio
47.4443.5142.1428.8713.7163.9826.8245.9135.51
Price/Free Cash Flow ratio
52.5249.5352.0933.5522.06-678.2665.141.46K42.82
Price/Earnings Growth ratio
N/A3.89-8.920.790.001.81-0.100.490.39
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
17.79%18.48%18.21%18.10%18.83%18.39%18.75%18.97%18.16%
Operating Profit Margin
3.48%3.69%3.78%3.62%-25.07%-1.59%-0.48%-0.02%1.80%
Pretax Profit Margin
3.64%3.78%3.87%3.78%-25.88%-0.55%-1.18%-0.55%-11.04%
Net Profit Margin
2.02%2.09%1.79%2.66%-25.62%-0.43%-1.87%-0.27%1.19%
Effective Tax Rate
22.36%22.03%34.60%25.86%0.68%29.16%-59.25%50%30.23%
Return on Assets
N/A3.61%2.96%4.51%-30.31%-0.54%-2.52%-0.38%2.06%
Return On Equity
N/A6.51%5.30%6.75%-81.13%-1.23%-5.69%-0.86%2.94%
Return on Capital Employed
N/A8.37%8.16%8.25%-39.37%-2.45%-0.81%-0.03%4.10%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/A1.612.07N/A1.870.80
Quick Ratio
N/A0.981.050.910.841.301.101.010.98
Cash ratio
N/A0.040.030.040.150.410.260.110.03
Days of Sales Outstanding
N/A46.1151.3346.3745.2548.2844.2751.5048.85
Days of Inventory outstanding
N/A63.2566.6566.5571.9354.6357.2456.8769.24
Operating Cycle
N/A109.37117.99112.93117.19102.91101.5269.57115.06
Days of Payables Outstanding
N/A45.5646.8452.0858.8141.7443.4043.2155.44
Cash Conversion Cycle
N/A63.8171.1460.8558.3761.1758.1222.3159.61
Debt Ratios
Debt Ratio
N/A0.010.010.010.350.300.300.550.01
Debt Equity Ratio
N/A0.020.020.010.940.690.691.240.01
Long-term Debt to Capitalization
N/A0.020.010.010.470.400.400.390.01
Total Debt to Capitalization
N/A0.020.020.010.480.410.400.410.01
Interest Coverage Ratio
N/AN/AN/AN/A-1.05-1.46N/A-0.03-0.01
Cash Flow to Debt Ratio
N/A3.894.046.520.080.040.090.063.30
Company Equity Multiplier
N/A1.801.781.492.672.272.252.251.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.030.030.040.020.010.020.010.03
Free Cash Flow / Operating Cash Flow Ratio
0.900.870.800.860.62-0.090.410.030.74
Cash Flow Coverage Ratio
N/A3.894.046.520.080.040.090.063.30
Short Term Coverage Ratio
N/A95.0133.76233.931.66533.180.96117.79
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A