The European Equity Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-20.16-47.45-37.684.36-4.064.307.038.23-3.344.947.71-4.06
Price/Sales ratio
32.5932.6531.154.24-4.194.176.727.73-3.4629.46-131.144.17
Price/Book Value ratio
0.880.890.880.910.860.880.860.890.850.820.770.88
Price/Cash Flow ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Price/Free Cash Flow ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Price/Earnings Growth ratio
0.160.81-2.13-0.000.02-0.02-0.21-0.550.01-0.020.330.02
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.45%N/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%94.64%106.56%95.46%93.26%90.77%104.54%100%257.00%106.56%
Operating Profit Margin
37.51%38.15%43.96%97.12%103.15%96.95%95.55%93.97%103.56%47.40%-1040.72%96.95%
Pretax Profit Margin
-161.67%-68.81%-82.68%97.12%103.15%96.95%95.55%93.97%103.56%595.37%-1704.27%96.95%
Net Profit Margin
-161.67%-68.81%-82.68%97.12%103.15%96.95%95.55%93.97%103.56%595.37%-1704.27%96.95%
Effective Tax Rate
123.20%155.43%153.17%3.05%1.08%6.90%7.00%11.48%-6.28%N/A21.87%1.08%
Return on Assets
-4.35%-1.87%-2.30%20.73%-20.97%19.61%12.13%9.67%-25.09%16.49%9.98%-20.97%
Return On Equity
-4.38%-1.89%-2.33%20.86%-21.13%20.51%12.22%10.88%-25.57%16.76%10.16%-21.13%
Return on Capital Employed
1.01%1.04%1.24%20.80%-21.07%20.01%12.20%10.85%-25.50%1.35%6.14%-21.07%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.36N/A
Quick Ratio
1.191.120.81-0.65-15.87-1.60-5.11-0.31-1.580.231.36-15.87
Cash ratio
0.300.930.540.590.010.070.260.010.240.100.370.01
Days of Sales Outstanding
9.776.646.310.81-1.082.371.410.01-2.515.20-249.622.37
Days of Inventory outstanding
N/AN/AN/A81.822.07K1.33K1.26K1.31K902.69N/AN/A1.33K
Operating Cycle
N/AN/AN/A82.632.07K1.33K1.26K1.31K900.18N/A-249.621.33K
Days of Payables Outstanding
N/AN/AN/A101.63129.83796.45243.034.18K535.08N/A196.21129.83
Cash Conversion Cycle
N/AN/AN/A-18.991.94K537.191.02K-2.87K365.09N/A-445.83537.19
Debt Ratios
Debt Ratio
0.00N/AN/AN/AN/A0.02N/A0.00N/AN/AN/A0.02
Debt Equity Ratio
0.00N/AN/AN/AN/A0.02N/A0.00N/AN/AN/A0.02
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
0.00N/AN/AN/AN/A0.02N/A0.00N/AN/AN/A0.02
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
1.001.011.011.001.001.041.001.121.011.011.001.04
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Free Cash Flow / Operating Cash Flow Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A