Triple-S Management
Financial ratios & Valuation

Historical Multiples (2011 – 2020)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
10.979.539.6310.3812.3830.5611.50-6.634.657.4010.4130.56
Price/Sales ratio
0.290.210.220.290.220.170.210.140.120.130.200.20
Price/Book Value ratio
0.940.670.680.790.760.610.680.510.450.510.830.76
Price/Cash Flow ratio
28.814.694.7717.942.8182.372.1656.30-25.691.936.262.81
Price/Free Cash Flow ratio
32.255.275.3220.532.93309.742.34-33.91-11.482.487.512.93
Price/Earnings Growth ratio
-0.90-1.603.050.52-0.76-0.470.050.02-0.01-0.26-0.38-0.76
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
N/AN/AN/A100%100%100%100%100%100%100%24.27%100%
Operating Profit Margin
N/A2.74%2.31%2.84%1.96%0.37%2.94%-2.87%4.14%0.13%0.00%0.37%
Pretax Profit Margin
3.64%2.74%2.42%2.84%1.96%0.37%2.70%-3.10%3.91%2.47%2.49%1.96%
Net Profit Margin
2.69%2.23%2.34%2.83%1.79%0.58%1.86%-2.11%2.75%1.81%1.97%1.79%
Effective Tax Rate
26.06%18.79%3.94%1.12%8.92%-57.23%31.01%32.05%29.77%26.78%20.98%8.92%
Return on Assets
3.08%2.62%2.73%3.06%2.36%0.78%1.74%-2.29%3.29%3.13%2.54%2.36%
Return On Equity
8.57%7.09%7.12%7.64%6.14%2.02%5.96%-7.70%9.84%6.93%8.18%6.14%
Return on Capital Employed
N/A7.68%6.29%7.07%6.46%1.23%9.07%-10.13%14.43%0.27%N/A1.23%
Liquidity Ratios
Current Ratio
0.060.970.971.021.010.960.650.690.735.47N/A0.96
Quick Ratio
0.321.381.401.021.010.960.650.690.735.47N/A0.96
Cash ratio
0.060.070.060.090.140.070.090.060.050.30N/A0.07
Days of Sales Outstanding
48.6844.0342.1348.0035.5435.01112.5676.5661.3848.1944.0335.54
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
0.640.620.610.020.010.010.010.010.020.030.680.01
Debt Equity Ratio
1.771.701.600.050.040.040.030.030.080.082.130.04
Long-term Debt to Capitalization
0.140.090.070.050.040.030.030.030.020.050.040.04
Total Debt to Capitalization
N/A0.120.070.050.040.030.030.030.070.07N/A0.03
Interest Coverage Ratio
N/A6.265.817.126.991.45N/AN/AN/A0.620.001.45
Cash Flow to Debt Ratio
0.191.031.750.766.220.189.000.25-0.213.11N/A0.18
Company Equity Multiplier
2.772.702.602.492.602.573.413.352.982.213.132.60
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.040.040.010.070.000.090.00-0.000.060.030.03
Free Cash Flow / Operating Cash Flow Ratio
0.890.880.890.870.960.260.92-1.652.230.770.830.83
Cash Flow Coverage Ratio
N/A1.031.750.766.220.189.000.25-0.213.11N/A0.18
Short Term Coverage Ratio
N/A3.65N/AN/AN/AN/AN/AN/A-0.318.59N/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A