HC2 Holdings
Financial ratios & Valuation

Historical Multiples (2010 – 2020)

2010 2011 2012 2013 2014 2015 2016 2017 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
-7.87-4.235.260.09-13.75-3.94-2.34-5.44-3.09-1.79-8.61-13.75
Price/Sales ratio
0.190.160.560.040.300.120.140.150.040.160.470.30
Price/Book Value ratio
1.811.612.140.201.851.495.003.480.270.290.581.49
Price/Cash Flow ratio
4.123.826.23-0.545.07-4.302.7941.540.883.96-43.59-4.30
Price/Free Cash Flow ratio
14.9314.39-17.95-0.336.17-2.604.41-9.891.406.91-13.75-2.60
Price/Earnings Growth ratio
0.060.080.030.000.12-0.03-0.020.09N/A-0.010.05-0.03
Dividend Yield
N/AN/A37.72%1096.84%N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
36.12%29.67%51.92%4.49%13.20%12.12%11.61%12.99%16.37%16.63%-55.17%12.12%
Operating Profit Margin
1.68%2.77%0.57%-15.75%-2.63%0.36%0.22%-0.06%4.23%0.93%2.11%-2.63%
Pretax Profit Margin
-2.54%-2.74%-19.32%-10.86%-6.23%-4.15%-2.93%-2.43%-2.85%-2.76%-13.50%-4.15%
Net Profit Margin
-2.49%-3.91%10.70%48.38%-2.22%-3.17%-6.06%-2.87%-1.58%-9.14%-5.48%-3.17%
Effective Tax Rate
46.75%-3.19%8.97%29.70%72.25%23.34%-112.76%-27.01%36.33%-37.76%-14.07%23.34%
Return on Assets
-3.71%-7.12%9.25%127.28%-1.67%-1.29%-3.33%-1.45%-0.45%-1.36%-0.47%-1.67%
Return On Equity
-22.98%-38.08%40.70%205.12%-13.50%-37.82%-213.83%-64.11%-9.00%-16.43%-7.27%-13.50%
Return on Capital Employed
3.40%6.89%0.67%-64.93%-2.75%0.16%0.13%-0.03%1.28%0.14%1.05%-2.75%
Liquidity Ratios
Current Ratio
1.000.941.102.361.618.927.616.4214.3319.821.098.92
Quick Ratio
0.860.840.520.881.548.877.586.3814.2819.790.078.87
Cash ratio
0.300.280.290.280.520.640.390.260.590.760.000.64
Days of Sales Outstanding
36.6530.1125.0330.03120.71258.06197.25205.23274.85441.71260.72120.71
Days of Inventory outstanding
N/AN/AN/AN/A11.594.492.553.274.974.30N/A4.49
Operating Cycle
36.6530.1125.0330.03132.31262.56199.81208.50279.82446.0264.28262.56
Days of Payables Outstanding
27.5924.4635.6011.5361.7731.2917.7030.6132.3130.3453.0053.00
Cash Conversion Cycle
9.065.64-10.5618.4970.53231.26182.11177.89247.51415.68207.7270.53
Debt Ratios
Debt Ratio
0.830.810.770.370.470.110.130.160.110.080.920.47
Debt Equity Ratio
5.194.343.390.613.823.408.657.442.301.0013.153.82
Long-term Debt to Capitalization
0.740.700.64N/A0.780.770.890.870.670.470.570.77
Total Debt to Capitalization
0.740.700.64N/A0.790.770.890.880.690.500.600.77
Interest Coverage Ratio
0.360.840.06-155.35-1.150.100.08-0.020.880.110.18-1.15
Cash Flow to Debt Ratio
0.140.170.18N/A0.09-0.100.200.010.130.07-0.00-0.10
Company Equity Multiplier
6.195.344.391.618.0729.1664.1243.9719.8912.0414.208.07
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.040.09-0.080.06-0.020.050.000.050.04-0.01-0.02
Free Cash Flow / Operating Cash Flow Ratio
0.270.26-0.341.610.821.650.63-4.190.620.573.160.82
Cash Flow Coverage Ratio
0.140.170.18N/A0.09-0.100.200.010.130.07-0.00-0.10
Short Term Coverage Ratio
31.9122.03357.10N/A3.14-25.5519.870.311.720.77-0.09-25.55
Dividend Payout Ratio
N/AN/A198.62%108.43%N/AN/AN/AN/AN/AN/AN/AN/A