World Fuel Services
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
14.9714.4425.15-11.2511.3016.0418.1122.5914.9228.2925.3111.30
Price/Sales ratio
0.070.080.110.050.030.070.090.050.020.030.030.07
Price/Book Value ratio
1.781.411.651.110.791.511.030.870.850.770.741.51
Price/Cash Flow ratio
23.526.0315.509.33-7.9512.543.289.6112.295.519.18-7.95
Price/Free Cash Flow ratio
36.486.8018.8112.67-5.7219.403.5912.4228.428.1416.17-5.72
Price/Earnings Growth ratio
1.52-0.96-0.790.04-0.060.36-0.49-0.700.26-0.53-0.800.36
Dividend Yield
0.31%0.56%0.52%0.85%1.12%0.73%1.28%1.72%1.82%N/A0.57%0.73%
Profitability Indicator Ratios
Gross Profit Margin
1.87%2.83%3.32%2.76%2.56%3.02%4.18%2.51%1.84%2.21%2.27%3.02%
Operating Profit Margin
0.62%0.81%0.69%0.13%0.65%0.81%1.19%0.45%0.46%0.41%0.42%0.81%
Pretax Profit Margin
0.62%0.72%0.52%-0.06%0.46%0.64%0.79%0.31%0.24%0.13%0.15%0.64%
Net Profit Margin
0.51%0.61%0.46%-0.50%0.32%0.48%0.53%0.23%0.19%0.11%0.12%0.48%
Effective Tax Rate
18.97%16.55%11.04%-707.10%30.23%23.68%32.22%25.8%20.12%19.49%17.16%23.68%
Return on Assets
4.54%4.10%2.33%-3.04%2.24%2.98%2.43%1.24%1.39%0.71%0.80%2.98%
Return On Equity
11.95%9.77%6.57%-9.88%7.03%9.46%5.74%3.85%5.74%2.72%2.93%9.46%
Return on Capital Employed
10.20%8.87%5.84%1.58%9.47%10.59%8.61%5.01%7.68%5.95%5.94%10.59%
Liquidity Ratios
Current Ratio
1.631.841.751.441.351.311.56N/AN/AN/A1.131.31
Quick Ratio
1.441.641.541.261.171.131.361.140.960.940.771.13
Cash ratio
0.130.330.320.130.070.050.390.210.060.070.080.07
Days of Sales Outstanding
19.4121.7731.6629.3025.2628.6622.2027.4320.3620.9221.1728.66
Days of Inventory outstanding
3.754.446.405.624.926.066.445.704.915.195.294.92
Operating Cycle
23.1626.2138.0634.9330.1934.7328.6433.1425.2726.1226.4634.73
Days of Payables Outstanding
15.8616.6824.7424.9522.6526.6022.7228.6722.2224.2323.9822.65
Cash Conversion Cycle
7.309.5313.329.987.538.125.914.473.041.892.488.12
Debt Ratios
Debt Ratio
0.140.160.210.160.120.100.110.080.100.120.120.12
Debt Equity Ratio
0.370.400.610.520.380.330.270.260.420.450.450.38
Long-term Debt to Capitalization
0.260.280.370.330.260.230.200.190.290.290.290.26
Total Debt to Capitalization
0.270.280.380.340.270.240.210.210.290.310.310.27
Interest Coverage Ratio
8.617.084.322.973.703.993.57N/AN/AN/A-3.433.99
Cash Flow to Debt Ratio
0.200.570.170.22-0.250.361.150.340.160.300.17-0.25
Company Equity Multiplier
2.632.382.813.243.133.162.353.104.113.793.673.13
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.000.010.000.00-0.000.000.020.000.000.000.00-0.00
Free Cash Flow / Operating Cash Flow Ratio
0.640.880.820.731.380.640.910.770.430.670.580.64
Cash Flow Coverage Ratio
0.200.570.170.22-0.250.361.150.340.160.300.17-0.25
Short Term Coverage Ratio
7.8717.5413.328.01-4.454.2226.375.668.763.441.95-4.45
Dividend Payout Ratio
4.77%8.18%13.12%-9.57%12.68%11.79%23.35%38.94%27.16%N/A14.98%12.68%