Fidelity ZERO Large Cap Index 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
4.966.868.97-24.59-31.02273.2613.4211.686.8311.8116.79-31.02
Price/Sales ratio
0.070.080.090.070.070.100.120.160.110.120.180.07
Price/Book Value ratio
0.630.690.670.620.630.790.881.140.840.951.260.63
Price/Cash Flow ratio
2.242.372.132.192.762.442.623.192.212.363.072.76
Price/Free Cash Flow ratio
10.4915.2212.6913.1810.645.204.675.634.003.923.615.20
Price/Earnings Growth ratio
0.23-0.35-0.410.181.05-2.370.000.210.15-0.400.490.49
Dividend Yield
2.53%5.82%2.93%4.67%N/A1.33%0.64%3.27%4.05%3.68%0.01%1.33%
Profitability Indicator Ratios
Gross Profit Margin
21.87%22.37%21.34%22.02%21.50%20.49%20.18%19.65%18.51%18.47%18.54%20.49%
Operating Profit Margin
3.09%3.08%2.97%2.65%2.59%2.81%3.00%3.05%2.85%2.64%2.96%2.59%
Pretax Profit Margin
2.64%2.18%1.82%0.66%0.76%0.97%1.87%2.19%2.38%1.58%1.88%0.76%
Net Profit Margin
1.55%1.24%1.00%-0.31%-0.25%0.03%0.92%1.39%1.65%1.09%1.36%-0.25%
Effective Tax Rate
35.29%34.79%34.59%115.94%93.79%69.95%36.86%22.92%20.67%32.78%30.02%69.95%
Return on Assets
2.58%2.16%1.60%-0.53%-0.39%0.05%1.39%2.10%2.42%1.65%1.54%-0.39%
Return On Equity
12.86%10.13%7.53%-2.52%-2.05%0.29%6.56%9.77%12.28%8.05%7.58%-2.05%
Return on Capital Employed
10.32%10.62%9.79%8.56%7.92%7.33%8.24%8.58%7.99%7.26%6.14%7.33%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.92N/A
Quick Ratio
0.490.490.480.520.540.560.560.530.630.660.660.54
Cash ratio
0.130.120.130.150.180.190.200.160.190.240.240.18
Days of Sales Outstanding
27.3227.6030.6930.2230.9133.1329.7031.0332.9534.2945.4230.91
Days of Inventory outstanding
38.2638.1641.7139.1838.6036.4433.8437.1637.2534.5845.8438.60
Operating Cycle
65.5865.7772.4069.4069.5169.5763.5468.1970.2068.8891.2669.51
Days of Payables Outstanding
82.4281.8891.2488.3476.5171.7167.1168.9665.3664.7185.7776.51
Cash Conversion Cycle
-16.83-16.11-18.83-18.93-7.00-2.13-3.56-0.774.834.175.49-7.00
Debt Ratios
Debt Ratio
0.180.190.160.180.180.330.330.310.320.330.330.18
Debt Equity Ratio
0.910.890.780.870.931.721.551.451.631.651.650.93
Long-term Debt to Capitalization
0.470.470.430.460.480.550.530.500.510.530.530.48
Total Debt to Capitalization
0.470.470.430.460.480.630.600.590.620.620.620.48
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.310.320.400.320.240.180.210.240.230.240.240.24
Company Equity Multiplier
4.984.684.684.755.165.174.714.655.074.864.865.17
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.030.040.030.020.040.040.050.050.050.070.02
Free Cash Flow / Operating Cash Flow Ratio
0.210.150.160.160.250.460.560.560.550.600.680.25
Cash Flow Coverage Ratio
0.310.320.400.320.240.180.210.240.230.240.240.24
Short Term Coverage Ratio
N/AN/AN/AN/AN/A0.680.810.860.670.770.790.68
Dividend Payout Ratio
12.60%39.95%26.33%-114.96%N/A365.51%8.59%38.22%27.75%43.54%23.26%365.51%