First Acceptance
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
3.72-50.59-1.45-5.832.422.145.40-67.10-1.541.09N/A2.28
Price/Sales ratio
0.390.290.100.140.130.110.200.280.080.16N/A0.12
Price/Book Value ratio
0.970.940.580.770.530.320.500.880.410.56N/A0.43
Price/Cash Flow ratio
3.863.33-3.135.585.97-3.93113.33-12.48-6.930.94N/A1.01
Price/Free Cash Flow ratio
4.083.67-2.676.119.68-3.40-35.47-7.88-3.330.96N/A3.13
Price/Earnings Growth ratio
0.010.47-0.000.08-0.00-0.15-0.200.59-0.00-0.00N/A-0.08
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A17.59%N/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%N/A100%
Operating Profit Margin
3.69%-0.77%-11.90%1.89%6.98%6.73%5.05%-0.90%-7.28%0.48%N/A6.85%
Pretax Profit Margin
3.69%-0.77%-11.58%1.89%6.98%6.73%5.05%-0.90%-7.28%20.31%N/A6.85%
Net Profit Margin
10.66%-0.58%-7.51%-2.47%5.47%5.24%3.86%-0.43%-5.78%15.16%N/A5.35%
Effective Tax Rate
-188.67%24.96%35.11%230.64%21.62%22.11%23.61%52.42%20.62%25.36%N/A21.86%
Return on Assets
8.54%-0.47%-7.31%-2.17%4.55%4.30%3.05%-0.38%-4.91%12.95%N/A4.43%
Return On Equity
26.24%-1.86%-40.39%-13.28%22.15%15.22%9.32%-1.32%-26.69%52.10%N/A18.68%
Return on Capital Employed
2.95%-0.63%-11.58%1.66%5.81%8.39%5.73%-1.19%-9.41%0.62%N/A7.10%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
N/AN/AN/AN/AN/A3.243.493.373.301.74N/A1.62
Cash ratio
N/AN/AN/AN/AN/A0.600.460.570.400.56N/A0.30
Days of Sales Outstanding
78.1376.8562.1973.1276.3469.9474.7770.30113.83156.90N/A73.14
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.120.170.170.170.180.140.130.120.130.07N/A0.16
Debt Equity Ratio
0.370.670.961.080.870.510.410.430.710.28N/A0.69
Long-term Debt to Capitalization
0.270.400.490.510.460.310.260.300.380.22N/A0.38
Total Debt to Capitalization
0.270.400.490.510.460.330.290.300.410.22N/A0.40
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.660.41-0.190.120.10-0.160.01-0.16-0.082.09N/A-0.02
Company Equity Multiplier
3.073.875.516.114.863.533.053.475.434.02N/A4.19
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.08-0.030.020.02-0.020.00-0.02-0.010.17N/A-0.00
Free Cash Flow / Operating Cash Flow Ratio
0.940.901.170.910.611.15-3.191.582.080.98N/A0.88
Cash Flow Coverage Ratio
0.660.41-0.190.120.10-0.160.01-0.16-0.082.09N/A-0.02
Short Term Coverage Ratio
N/AN/AN/AN/AN/A-1.340.08N/A-0.62N/AN/A-0.67
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A-1180.61%N/AN/AN/AN/A