Huntington Bancshares Incorporated
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.6312.8217.4513.318.9511.1015.7215.039.089.4314.398.95
Price/Sales ratio
3.062.973.393.662.763.352.663.242.802.642.343.35
Price/Book Value ratio
1.361.341.161.461.121.320.981.001.140.951.151.12
Price/Cash Flow ratio
9.708.599.838.087.229.959.709.445.046.9216.437.22
Price/Free Cash Flow ratio
10.409.4510.928.977.7210.6710.6610.725.327.3018.707.72
Price/Earnings Growth ratio
N/A1.04-1.100.270.29-3.69-0.340.500.14-0.665.180.29
Dividend Yield
2.30%2.52%2.50%2.69%4.68%4.28%5.43%4.56%4.97%5.61%3.78%4.28%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%17.71%100%105.28%100%
Operating Profit Margin
30.28%30.56%24.95%32.35%52.94%35.54%20.18%26.52%52.86%34.32%20.26%35.54%
Pretax Profit Margin
30.28%30.56%24.95%32.35%36.09%35.54%20.18%26.55%38.10%34.32%19.54%35.54%
Net Profit Margin
22.45%23.18%19.46%27.52%30.88%30.23%16.96%21.61%30.85%28.09%16.30%30.23%
Effective Tax Rate
25.86%24.15%21.98%14.92%14.43%14.94%15.94%18.47%18.63%17.32%15.49%14.43%
Return on Assets
0.95%0.97%0.68%1.13%1.28%1.29%0.66%0.74%1.22%1.03%0.82%1.29%
Return On Equity
9.99%10.50%6.66%10.96%12.54%11.96%6.28%6.71%12.62%10.08%8.39%11.96%
Return on Capital Employed
1.33%1.29%0.91%1.40%2.19%1.55%0.79%0.91%2.09%1.25%2.62%2.19%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.23N/A
Quick Ratio
5.2018.725.604.126.38K5.91175.76136.815.51M5.06K0.235.91
Cash ratio
0.531.460.390.30209.610.4836.6717.702.78M5.06K0.100.48
Days of Sales Outstanding
234.21225.33215.51N/AN/AN/AN/A301.94N/AN/A249.35N/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/A-838.60N/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/A-838.60N/A249.35N/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/A-838.60N/A249.35N/A
Debt Ratios
Debt Ratio
0.100.100.120.120.090.100.060.040.060.060.080.10
Debt Equity Ratio
1.061.161.161.190.950.960.650.360.640.640.790.96
Long-term Debt to Capitalization
0.400.510.440.450.430.450.390.260.350.390.430.45
Total Debt to Capitalization
0.510.530.530.540.480.490.390.260.390.390.440.49
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.45N/A
Cash Flow to Debt Ratio
0.130.130.100.150.160.130.150.280.350.210.080.13
Company Equity Multiplier
10.4710.779.699.639.799.249.469.0210.319.789.739.73
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.310.340.340.450.380.330.270.340.550.380.140.33
Free Cash Flow / Operating Cash Flow Ratio
0.930.900.900.900.930.930.910.880.940.940.870.93
Cash Flow Coverage Ratio
0.130.130.100.150.160.130.150.280.350.210.080.13
Short Term Coverage Ratio
0.371.670.320.520.851.0011.81147.282.27N/A1.990.85
Dividend Payout Ratio
31.43%32.38%43.72%35.83%41.92%47.55%85.43%68.57%45.12%52.99%63.33%41.92%