Cartesian Growth
Financial ratios & Valuation

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-149.99-165.79373.73-122.26-3.3019.40196.57
Price/Sales ratio
11.8910.717.557.682.14N/A7.62
Price/Book Value ratio
8.839.2110.0827.261.57-18.8318.67
Price/Cash Flow ratio
227.58168.1239.30-649.45-6.58-733.02-305.07
Price/Free Cash Flow ratio
-162.02189.8740.46-572.90-6.53-733.02-266.21
Price/Earnings Growth ratio
N/A17.35-2.570.27-0.000.20-1.18
Dividend Yield
1.84%0.03%1.11%1.29%0.62%N/A1.20%
Profitability Indicator Ratios
Gross Profit Margin
29.11%23.40%32.92%-12.12%18.66%N/A16.46%
Operating Profit Margin
-5.18%-5.41%4.73%-12.12%-37.51%N/A2.36%
Pretax Profit Margin
-6.84%-7.06%1.87%-5.54%-126.09%N/A0.93%
Net Profit Margin
-7.93%-6.46%2.02%-6.28%-64.81%N/A1.01%
Effective Tax Rate
-15.86%8.53%-38.00%105.40%3.33%N/A-14.73%
Return on Assets
-4.22%-3.74%1.53%-6.74%-12.83%5.28%-1.10%
Return On Equity
-5.88%-5.55%2.69%-22.30%-47.55%-70.49%-9.80%
Return on Capital Employed
-3.23%-3.85%6.10%-63.31%-7.85%-0.40%2.84%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.98N/A
Quick Ratio
2.362.240.780.362.710.940.86
Cash ratio
0.540.490.310.090.220.940.40
Days of Sales Outstanding
97.06105.44N/A87.37102.45N/A43.68
Days of Inventory outstanding
N/AN/A130.56-0.79N/AN/A65.28
Operating Cycle
97.06105.44130.5686.58102.45N/A108.57
Days of Payables Outstanding
20.9622.7021.2540.2765.83N/A30.76
Cash Conversion Cycle
76.1082.74109.3046.3036.62N/A77.80
Debt Ratios
Debt Ratio
0.100.090.100.270.150.050.19
Debt Equity Ratio
0.140.140.180.920.56-1.020.55
Long-term Debt to Capitalization
0.120.12N/A0.470.35N/A0.23
Total Debt to Capitalization
0.120.120.150.470.36N/A0.31
Interest Coverage Ratio
N/AN/AN/AN/AN/A-77.45N/A
Cash Flow to Debt Ratio
0.260.371.38-0.04-0.42N/A0.69
Company Equity Multiplier
1.391.481.763.303.70-18.362.53
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.060.19-0.01-0.32N/A0.09
Free Cash Flow / Operating Cash Flow Ratio
-1.400.880.971.131.0010.92
Cash Flow Coverage Ratio
0.260.371.38-0.04-0.42N/A0.69
Short Term Coverage Ratio
67.1935.731.38N/A-11.54N/A0.69
Dividend Payout Ratio
-276.86%-5.53%417.58%-158.59%-2.07%N/A208.79%