Darling Ingredients
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
7.795.836.226.365.10
Price/Sales ratio
0.780.670.780.740.29
Earnings per Share (EPS)
$4.00$5.34$5.00$4.89$6.1

Historical Multiples (2012 – 2023)

2012 2013 2016 2016 2017 2018 2019 2022 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
15.2422.7822.1020.7623.2530.9114.7417.2913.6612.3012.8830.91
Price/Sales ratio
1.171.440.510.620.810.921.372.371.541.171.450.81
Price/Book Value ratio
1.871.220.921.071.331.381.793.432.641.732.491.33
Price/Cash Flow ratio
7.9811.784.125.437.277.8712.7115.9712.388.8611.677.27
Price/Free Cash Flow ratio
14.8727.589.2514.4023.1343.07-8.73K26.1723.9323.2722.5743.07
Price/Earnings Growth ratio
-0.62-1.260.950.710.90-1.500.070.140.96-1.060.10-1.50
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
27.55%26.83%21.88%22.25%21.47%21.86%23.03%26.19%23.41%24.23%23.41%21.47%
Operating Profit Margin
13.62%9.83%4.19%4.47%3.73%2.81%14.14%18.65%15.75%13.99%10.68%3.73%
Pretax Profit Margin
12.15%9.49%2.90%3.60%1.75%3.48%11.30%17.32%13.68%10.60%13.68%1.75%
Net Profit Margin
7.68%6.32%2.31%3.01%3.50%2.99%9.29%13.72%11.29%9.54%11.29%3.50%
Effective Tax Rate
36.76%33.42%13.66%12.49%-107.71%10.19%15.63%19.97%16.40%8.27%16.40%-107.71%
Return on Assets
8.42%3.35%1.63%2.17%2.59%2.07%5.84%10.61%8.01%5.85%8.01%2.59%
Return On Equity
12.30%5.39%4.19%5.18%5.72%4.46%12.18%19.83%19.36%14.06%20.62%5.72%
Return on Capital Employed
16.31%5.52%3.28%3.58%3.11%2.18%10.21%16.43%12.65%9.43%8.58%3.11%
Liquidity Ratios
Current Ratio
2.206.37N/A1.971.701.661.33N/AN/AN/A1.531.66
Quick Ratio
1.525.641.321.241.061.030.800.830.901.090.761.03
Cash ratio
0.784.920.350.250.190.190.100.090.110.120.110.19
Days of Sales Outstanding
21.0526.9741.1842.5239.5042.2544.4436.1937.8044.1938.8442.25
Days of Inventory outstanding
19.2618.8547.3845.7045.4647.0251.1647.7149.1453.8449.1445.46
Operating Cycle
40.3145.8288.5788.2284.9689.2795.6183.9086.9598.0458.7289.27
Days of Payables Outstanding
15.9912.6620.6224.9927.5930.2633.7232.0334.4730.2034.4727.59
Cash Conversion Cycle
24.3233.1667.9463.2357.3659.0161.8851.8752.4767.8316.4859.01
Debt Ratios
Debt Ratio
0.310.270.400.370.340.340.300.230.360.390.570.34
Debt Equity Ratio
0.460.431.030.880.760.730.640.440.880.961.390.76
Long-term Debt to Capitalization
0.190.300.500.460.430.420.370.300.460.480.470.43
Total Debt to Capitalization
0.190.300.500.470.430.420.390.300.470.480.480.43
Interest Coverage Ratio
9.634.45N/A1.611.892.535.93N/AN/AN/A5.561.89
Cash Flow to Debt Ratio
0.990.230.210.220.230.230.210.480.240.200.220.23
Company Equity Multiplier
1.461.602.562.382.202.152.081.862.412.402.412.20
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.120.120.110.110.110.100.140.120.130.120.11
Free Cash Flow / Operating Cash Flow Ratio
0.530.420.440.370.310.18-0.000.610.510.380.510.31
Cash Flow Coverage Ratio
0.990.230.210.220.230.230.210.480.240.200.220.23
Short Term Coverage Ratio
3.04K10.599.3216.8225.4353.203.9828.8611.6515.956.8353.20
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A