Establishment Labs Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-47.26229.2319.3112.88
Price/Sales ratio
3.682.892.171.78
Earnings per Share (EPS)
$-0.79$0.16$1.93$2.9

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-20.64-10.62-22.54-14.89-23.02-39.38-21.34-8.44-24.29-23.02
Price/Sales ratio
23.1010.697.776.3410.3612.799.924.0111.306.34
Price/Book Value ratio
-17.30-73.966.8414.3411.7031.93-196.1736.03-223.2511.70
Price/Cash Flow ratio
-32.07-11.59-14.04-18.95-70.15-58.85-30.77-7.48-35.02-35.02
Price/Free Cash Flow ratio
-18.43-11.26-13.34-15.36-53.45-47.29-18.57-5.86-21.45-21.45
Price/Earnings Growth ratio
N/A-0.110.47-0.281.86-7.13-0.2726.000.28-0.28
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
50.98%51.04%59.00%61.25%62.00%67.41%65.92%64.77%65.92%61.25%
Operating Profit Margin
-79.96%-57.61%-38.98%-34.54%-32.96%-19.84%-24.52%-39.37%-24.52%-34.54%
Pretax Profit Margin
-111.23%-100.32%-34.11%-41.88%-44.89%-31.34%-45.03%-47.58%-45.03%-44.89%
Net Profit Margin
-111.90%-100.62%-34.46%-42.59%-45.01%-32.47%-46.51%-47.53%-46.51%-45.01%
Effective Tax Rate
-0.60%-0.30%-1.02%-1.70%-0.27%-3.59%-3.27%0.10%-3.27%-0.27%
Return on Assets
-74.95%-61.12%-18.09%-32.73%-24.37%-29.48%-35.63%-29.22%-35.63%-24.37%
Return On Equity
83.82%696.13%-30.36%-96.30%-50.85%-81.07%918.86%-426.75%-527.44%-50.85%
Return on Capital Employed
63.30%5877.35%-23.83%-33.16%-21.39%-23.35%-23.04%-30.74%-23.04%-33.16%
Liquidity Ratios
Current Ratio
N/AN/A6.044.125.10N/AN/AN/A3.845.10
Quick Ratio
0.140.454.532.894.212.662.901.662.614.21
Cash ratio
0.000.183.201.623.261.671.700.701.701.62
Days of Sales Outstanding
122.54137.95105.2392.7882.4470.4079.95103.6979.9582.44
Days of Inventory outstanding
180.52283.18361.43301.43263.30251.18242.31501.55242.31263.30
Operating Cycle
303.07421.13466.67394.21345.75321.59322.27605.25262.03345.75
Days of Payables Outstanding
273.83196.2990.76109.02110.29127.99132.69261.16132.69109.02
Cash Conversion Cycle
29.23224.84375.91285.18235.46193.60189.57344.097.00235.46
Debt Ratios
Debt Ratio
1.340.420.190.410.310.370.830.701.030.41
Debt Equity Ratio
-1.50-4.800.321.210.661.02-21.4310.26-26.780.66
Long-term Debt to Capitalization
N/AN/A0.240.540.390.501.040.911.040.54
Total Debt to Capitalization
2.971.260.240.540.400.501.040.91N/A0.40
Interest Coverage Ratio
N/AN/A-2.70-3.55-2.97N/AN/AN/A-3.37-3.55
Cash Flow to Debt Ratio
-0.35-1.32-1.51-0.62-0.25-0.53-0.29-0.46N/A-0.62
Company Equity Multiplier
-1.11-11.381.672.942.082.74-25.7814.60-25.782.08
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.72-0.92-0.55-0.33-0.14-0.21-0.32-0.53-0.32-0.33
Free Cash Flow / Operating Cash Flow Ratio
1.731.021.051.231.311.241.651.271.631.23
Cash Flow Coverage Ratio
-0.35-1.32-1.51-0.62-0.25-0.53-0.29-0.46N/A-0.62
Short Term Coverage Ratio
-0.35-1.32N/AN/A-78.18N/AN/AN/AN/A-78.18
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A