The Howard Hughes
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-218.7235.2522.2732.2473.6873.95-1.30K99.0520.91-8.0120.3473.95
Price/Sales ratio
8.115.604.354.933.944.205.903.892.394.312.334.20
Price/Book Value ratio
2.311.891.751.701.341.731.111.491.091.471.061.73
Price/Cash Flow ratio
-88.26186.6776.4817.0119.9526.33-56.65-19.5611.86-17.2311.5426.33
Price/Free Cash Flow ratio
-77.00526.1091.4817.3920.3927.24-55.43-19.4411.94-17.2311.6127.24
Price/Earnings Growth ratio
3.22-0.050.37-1.57-1.092.5012.56-0.050.080.020.08-1.09
Dividend Yield
0.00%N/AN/A0.00%N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
42.26%37.80%38.51%35.33%32.40%32.86%28.87%35.01%39.39%40.01%39.39%32.40%
Operating Profit Margin
26.27%14.89%31.57%19.86%10.03%11.55%20.40%13.45%22.94%-51.47%21.10%10.03%
Pretax Profit Margin
6.21%18.90%30.99%10.98%6.87%7.96%1.21%4.48%15.24%-69.74%15.24%6.87%
Net Profit Margin
-3.70%15.89%19.54%15.30%5.35%5.68%-0.45%3.92%11.47%-53.79%11.47%5.35%
Effective Tax Rate
159.63%15.92%36.92%-37.90%21.15%28.24%137.41%23.64%24.68%22.89%24.68%21.15%
Return on Assets
-0.45%2.21%3.17%2.50%0.77%0.87%-0.03%0.58%1.92%-5.75%1.92%0.77%
Return On Equity
-1.05%5.36%7.87%5.29%1.82%2.34%-0.08%1.51%5.21%-18.41%5.28%1.82%
Return on Capital Employed
3.51%2.28%5.63%3.48%1.62%1.95%1.72%2.23%4.07%-12.48%3.75%1.62%
Liquidity Ratios
Current Ratio
2.462.693.023.131.751.812.47N/AN/AN/A3.321.75
Quick Ratio
2.492.052.603.021.511.622.171.973.280.132.311.51
Cash ratio
1.470.861.161.870.640.571.190.851.130.111.130.64
Days of Sales Outstanding
125.0679.5956.57132.4982.1392.44168.25122.99148.4241.00148.4282.13
Days of Inventory outstanding
N/AN/AN/AN/A100.6225.3841.7723.028.73N/A8.7325.38
Operating Cycle
125.0679.5956.57132.49182.75117.83210.03146.02157.1541.0045.33117.83
Days of Payables Outstanding
34.02379.40328.0718.41395.30306.4820.9728.6413.54N/A13.54306.48
Cash Conversion Cycle
91.03-299.81-271.49114.08-212.55-188.64189.06117.37143.6141.00137.03-212.55
Debt Ratios
Debt Ratio
0.420.390.380.460.380.460.520.530.990.550.620.38
Debt Equity Ratio
0.980.950.950.990.911.231.281.372.711.781.690.91
Long-term Debt to Capitalization
0.470.500.510.470.500.560.530.550.57N/A0.570.50
Total Debt to Capitalization
0.490.480.480.490.470.550.560.570.730.64N/A0.55
Interest Coverage Ratio
4.311.983.372.581.301.21-0.98N/AN/AN/A3.061.30
Cash Flow to Debt Ratio
-0.020.010.020.100.070.05-0.01-0.050.03-0.04N/A0.05
Company Equity Multiplier
2.302.422.472.112.342.672.462.582.713.192.712.34
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.090.030.050.280.190.15-0.10-0.190.20-0.250.200.19
Free Cash Flow / Operating Cash Flow Ratio
1.140.350.830.970.970.961.021.000.9910.990.97
Cash Flow Coverage Ratio
-0.020.010.020.100.070.05-0.01-0.050.03-0.04N/A0.05
Short Term Coverage Ratio
-0.31-0.12-0.251.07-0.64-0.73-0.17-0.640.06-0.04N/A-0.64
Dividend Payout Ratio
-0.05%N/AN/A0.00%N/AN/AN/AN/AN/AN/AN/AN/A