FLIR Systems
Financial ratios & Valuation

Historical Multiples (2011 – 2020)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
18.3216.5424.2222.7716.1829.7859.7621.6141.4627.03N/A29.78
Price/Sales ratio
2.622.612.862.972.512.983.553.433.772.98N/A2.98
Price/Book Value ratio
2.562.292.652.832.372.953.493.253.803.05N/A2.95
Price/Cash Flow ratio
16.6312.8812.0720.1514.1815.8920.7816.3119.2018.39N/A15.89
Price/Free Cash Flow ratio
20.1016.1714.1527.6418.8417.9524.0717.7721.8522.51N/A17.95
Price/Earnings Growth ratio
-1.533.30-1.541.560.74-1.01-1.650.13-1.110.94N/A-1.01
Dividend Yield
0.93%1.15%1.19%1.23%1.56%1.32%1.28%1.44%1.28%1.55%N/A1.32%
Profitability Indicator Ratios
Gross Profit Margin
53.66%52.04%49.25%49.02%48.39%46.15%47.69%50.70%49.25%49.22%48.28%46.15%
Operating Profit Margin
20.28%21.58%17.81%18.00%19.72%17.87%17.44%18.98%15.01%18.07%18.08%17.87%
Pretax Profit Margin
20.14%20.77%15.30%16.30%19.61%16.60%15.49%17.29%12.82%14.81%16.07%16.60%
Net Profit Margin
14.34%15.82%11.82%13.08%15.52%10.02%5.95%15.90%9.09%11.05%12.16%10.02%
Effective Tax Rate
28.42%22.8%22.69%19.74%20.87%39.61%61.57%8.03%29.06%25.41%24.32%20.87%
Return on Assets
10.31%10.21%7.55%8.50%10.04%6.36%3.81%10.15%5.46%6.53%7.66%6.36%
Return On Equity
14.02%13.90%10.97%12.44%14.65%9.92%5.84%15.04%9.16%11.28%12.83%9.92%
Return on Capital Employed
16.35%15.65%12.89%13.48%16.86%13.15%13.00%13.67%10.40%12.35%13.15%13.15%
Liquidity Ratios
Current Ratio
5.324.864.734.322.193.213.514.092.682.802.992.19
Quick Ratio
3.302.742.993.291.522.192.572.971.741.721.631.52
Cash ratio
1.901.341.961.710.800.991.311.620.680.670.670.99
Days of Sales Outstanding
76.9187.0469.9084.5776.4477.3070.2866.5461.6367.0873.6277.30
Days of Inventory outstanding
171.44206.54165.69149.97178.56151.44144.26146.81148.19176.48166.26166.26
Operating Cycle
248.35293.59235.59234.54255.00228.74214.54213.36209.82243.56184.42228.74
Days of Payables Outstanding
42.9550.9941.2045.9263.3846.5841.2339.8160.2458.8954.7754.77
Cash Conversion Cycle
205.40242.59194.38188.62191.62182.16173.30173.54149.58184.6759.85182.16
Debt Ratios
Debt Ratio
0.260.260.310.150.140.190.140.150.210.220.420.14
Debt Equity Ratio
0.350.360.450.230.210.300.220.220.350.390.690.21
Long-term Debt to Capitalization
0.130.130.180.180.050.230.180.180.250.270.000.23
Total Debt to Capitalization
N/AN/A0.190.180.170.230.180.180.260.280.270.17
Interest Coverage Ratio
57.0726.0118.9118.8821.8016.4418.6920.8810.2212.7624.7721.80
Cash Flow to Debt Ratio
0.981.140.910.600.760.600.730.880.560.420.390.60
Company Equity Multiplier
1.351.361.451.461.451.561.531.481.671.721.611.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.150.200.230.140.170.180.170.210.190.160.140.18
Free Cash Flow / Operating Cash Flow Ratio
0.820.790.850.720.750.880.860.910.870.810.790.75
Cash Flow Coverage Ratio
N/AN/A0.910.600.760.600.730.880.560.420.390.60
Short Term Coverage Ratio
N/AN/A23.6615.081.0420.81N/AN/A29.7623.180.4020.81
Dividend Payout Ratio
17.17%19.08%29.03%28.21%25.40%39.56%77.04%31.20%53.43%42.12%N/A39.56%