ICTS International N.V.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
4.78-0.942.323.60-0.82-12.5432.549.78-41.1222.33-17.85-12.54
Price/Sales ratio
0.030.020.020.070.020.270.571.040.660.360.990.02
Price/Book Value ratio
-0.17-0.10-0.16-0.78-0.26-2.66-4.94-60.48-19.71-38.84-30.52-2.66
Price/Cash Flow ratio
2.62-3.931.552.371.30-10.005.916.38-101.9636.03-36.25-10.00
Price/Free Cash Flow ratio
3.49-2.052.393.332.21-8.286.686.69-41.2957.46-34.07-8.28
Price/Earnings Growth ratio
-0.030.00-0.010.090.000.25-0.210.010.35-0.090.020.00
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
11.97%10.25%12.77%14.67%9.62%12.85%20.87%35.44%19.63%18.53%11.61%9.62%
Operating Profit Margin
0.68%-2.02%3.07%4.72%-2.00%1.41%3.24%16.01%-1.10%2.48%-27.84%1.41%
Pretax Profit Margin
0.94%-2.43%1.30%2.65%-3.00%-1.71%2.41%15.54%-1.10%2.85%-4.42%-1.71%
Net Profit Margin
0.82%-2.51%0.91%1.95%-3.25%-2.17%1.77%10.71%-1.61%1.64%-5.54%-2.17%
Effective Tax Rate
5.52%-3.27%30.00%25.74%-6.59%-27.15%9.84%18.25%-45.87%14.16%-8.59%-27.15%
Return on Assets
4.08%-11.10%4.96%8.22%-15.22%-5.87%3.13%17.76%-2.83%3.59%-5.62%-15.22%
Return On Equity
-3.66%11.14%-6.96%-21.66%32.21%21.27%-15.19%-618.02%47.94%-173.93%72.76%32.21%
Return on Capital Employed
-249.36%142.70%438.13%121.64%542.08%9.85%9.95%38.53%-3.09%9.20%-42.16%9.85%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.68N/A
Quick Ratio
0.760.880.960.960.851.331.802.622.022.192.280.85
Cash ratio
0.160.170.080.150.170.690.861.450.740.681.310.17
Days of Sales Outstanding
44.3050.1848.7355.5948.9947.4250.5061.8860.9959.58115.5648.99
Days of Inventory outstanding
14.20N/A0.006.773.643.1317.5825.5724.05N/AN/A3.13
Operating Cycle
58.5150.1848.7362.3652.6350.5668.0887.4585.0559.5828.4950.56
Days of Payables Outstanding
6.686.695.257.846.887.296.9010.1912.186.8517.516.88
Cash Conversion Cycle
51.8343.4943.4854.5245.7543.2661.1877.2672.8652.7298.0445.75
Debt Ratios
Debt Ratio
1.381.230.930.700.620.200.090.020.000.000.540.54
Debt Equity Ratio
-1.24-1.23-1.30-1.86-1.32-0.74-0.44-0.83-0.11-0.05-16.72-0.74
Long-term Debt to Capitalization
-69.37-14.0439.173.50-20.30N/A-0.04-0.26-0.11N/A4.17-20.30
Total Debt to Capitalization
5.125.264.252.154.03-2.88-0.79-5.09-0.12-0.052.092.09
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A154.58N/A
Cash Flow to Debt Ratio
0.05-0.020.070.170.15-0.351.8811.33-1.7221-0.44-0.35
Company Equity Multiplier
-0.89-1.00-1.40-2.63-2.11-3.62-4.84-34.77-16.91-48.41-30.40-3.62
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.01-0.000.010.020.02-0.020.090.16-0.000.01-0.02-0.02
Free Cash Flow / Operating Cash Flow Ratio
0.751.910.640.710.591.200.880.952.460.621.060.59
Cash Flow Coverage Ratio
0.05-0.020.070.170.15-0.351.8811.33-1.7221-0.44-0.35
Short Term Coverage Ratio
0.26-0.080.370.690.54-0.352.0815.18-17.3021-1.40-0.35
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A