Hennessy Advisors, Inc. 4.875% Notes due 2026
Financial ratios & Valuation

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
12.2812.517.945.207.607.778.9610.4810.5810.7612.577.60
Price/Sales ratio
3.123.492.241.961.961.822.162.182.102.573.051.96
Price/Book Value ratio
6.054.812.301.511.110.770.850.750.570.830.970.97
Price/Cash Flow ratio
9.679.886.184.985.825.736.827.487.078.239.625.82
Price/Free Cash Flow ratio
9.859.986.245.075.915.836.997.677.298.5211.065.91
Price/Earnings Growth ratio
0.250.263.000.14-0.16-0.31N/A-0.46-0.430.231.50-0.16
Dividend Yield
0.99%0.83%1.86%2.68%4.22%6.50%5.60%6.22%8.12%0.01%4.73%4.22%
Profitability Indicator Ratios
Gross Profit Margin
78.20%76.76%75.71%76.12%74.40%73.58%72.28%71.94%50.13%69.42%60.51%73.58%
Operating Profit Margin
44.28%46.27%45.97%44.83%37.50%33.90%33.20%33.16%26.36%29.90%29.90%33.90%
Pretax Profit Margin
42.02%43.88%43.90%42.85%35.76%32.82%33.21%26.78%27.47%32.73%32.73%32.82%
Net Profit Margin
25.45%27.94%28.21%37.76%25.82%23.48%24.12%20.86%19.86%23.93%23.93%23.93%
Effective Tax Rate
39.42%36.31%35.73%11.87%27.78%28.46%27.37%22.09%27.71%26.86%26.86%28.46%
Return on Assets
15.57%16.82%15.25%18.82%10.00%8.27%7.75%4.30%3.27%4.66%4.66%8.27%
Return On Equity
49.31%38.48%28.99%29.04%14.60%10.02%9.49%7.17%5.43%7.77%7.91%10.02%
Return on Capital Employed
31.51%32.14%28.48%25.11%16.20%12.61%11.29%7.08%4.47%6.02%6.02%12.61%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A13.78N/A
Quick Ratio
0.740.731.832.552.843.094.0413.5015.1913.7813.782.84
Cash ratio
0.300.311.262.112.171.952.8412.3914.4212.9012.902.17
Days of Sales Outstanding
33.0530.0333.8331.2331.4730.4034.2226.4638.686.9143.4131.47
Days of Inventory outstanding
64.8354.46N/A0.00-109.87-99.44-112.37-89.95N/AN/AN/A-109.87
Operating Cycle
97.8984.4933.8331.23-78.39-69.04-78.15-63.4938.686.9143.41-78.39
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
97.8984.4933.8331.23-78.39-69.04-78.15-63.4938.686.9143.41-78.39
Debt Ratios
Debt Ratio
0.470.350.260.190.150.000.000.270.260.260.250.15
Debt Equity Ratio
1.510.800.500.300.230.000.000.450.440.440.430.23
Long-term Debt to Capitalization
0.570.410.290.190.14N/AN/A0.310.300.300.300.14
Total Debt to Capitalization
0.600.440.330.230.180.000.000.310.300.300.300.18
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.89N/A
Cash Flow to Debt Ratio
0.410.600.730.990.8232.1928.930.220.180.220.2332.19
Company Equity Multiplier
3.162.281.901.541.451.211.221.661.661.661.661.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.320.350.360.390.330.310.310.290.290.310.310.31
Free Cash Flow / Operating Cash Flow Ratio
0.980.980.990.980.980.980.970.970.960.960.880.98
Cash Flow Coverage Ratio
0.410.600.730.990.8232.1928.930.220.180.220.2332.19
Short Term Coverage Ratio
3.304.304.535.093.3232.1928.9323.61N/A27.94N/A32.19
Dividend Payout Ratio
12.16%10.44%14.79%13.98%32.08%50.59%50.26%65.25%85.97%0.11%58.50%32.08%