The Kraft Heinz Company
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2016 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
41.4889.7129.258.61-5.1619.95120.1742.6321.1215.8927.09-5.16
Price/Sales ratio
2.373.104.013.632.021.541.631.651.881.701.411.54
Price/Book Value ratio
9.910.861.851.431.020.740.850.871.020.910.760.74
Price/Cash Flow ratio
21.4123.0520.28179.7220.6310.868.678.0420.2111.418.9410.86
Price/Free Cash Flow ratio
29.1331.2626.62-137.2630.3813.869.879.6732.1315.3112.3613.86
Price/Earnings Growth ratio
-0.67-0.75-0.030.030.02-0.16-1.470.220.150.760.270.02
Dividend Yield
2.92%3.87%3.54%3.04%5.99%5.05%4.57%4.54%3.92%4.33%5.21%5.21%
Profitability Indicator Ratios
Gross Profit Margin
26.61%31.41%36.19%35.02%34.08%32.61%35.04%33.33%30.66%33.50%34.87%34.08%
Operating Profit Margin
10.38%8.69%18.19%23.52%18.83%19.72%22.23%20.69%13.72%17.16%15.22%19.72%
Pretax Profit Margin
7.72%5.52%18.96%21.19%-43.02%10.65%3.93%6.55%11.19%13.63%7.82%-43.02%
Net Profit Margin
5.72%3.45%13.71%42.16%-39.19%7.74%1.35%3.88%8.92%10.71%5.24%-39.19%
Effective Tax Rate
25.81%36.13%27.49%-98.73%8.90%27.35%64.95%40.04%20.16%21.66%32.92%8.90%
Return on Assets
4.54%0.51%3.01%9.14%-9.93%1.90%0.35%1.08%2.61%3.16%1.54%-9.93%
Return On Equity
23.89%0.96%6.33%16.65%-19.87%3.74%0.71%2.05%4.85%5.76%2.79%-19.87%
Return on Capital Employed
10.39%1.37%4.34%5.57%5.14%5.26%6.34%6.39%4.45%5.55%4.92%5.26%
Liquidity Ratios
Current Ratio
N/AN/A0.920.701.201.021.34N/AN/AN/A1.061.02
Quick Ratio
0.631.030.630.430.860.681.020.690.470.530.560.68
Cash ratio
0.270.690.440.160.150.280.420.380.110.170.160.15
Days of Sales Outstanding
21.6528.9412.3725.3531.7028.8328.7527.4229.2128.9330.4230.42
Days of Inventory outstanding
48.4975.9757.9660.6256.5759.0154.8157.3772.5774.4683.0456.57
Operating Cycle
70.14104.9170.3385.9788.2887.8483.5684.80101.78103.40113.4688.28
Days of Payables Outstanding
41.9982.5386.2993.9487.5786.8192.3699.9396.3695.3497.6587.57
Cash Conversion Cycle
28.1522.38-15.95-7.960.701.02-8.79-15.125.428.0615.810.70
Debt Ratios
Debt Ratio
0.430.200.260.260.300.280.280.230.220.220.220.28
Debt Equity Ratio
2.290.380.560.470.600.560.560.440.410.400.410.56
Long-term Debt to Capitalization
0.660.270.340.300.370.350.350.290.280.280.280.35
Total Debt to Capitalization
0.690.270.360.320.370.360.360.300.290.280.290.36
Interest Coverage Ratio
N/AN/A5.415.02-8.072.251.52N/AN/AN/A4.34-8.07
Cash Flow to Debt Ratio
0.200.090.160.010.080.120.170.240.120.190.200.08
Company Equity Multiplier
5.251.862.101.822.001.961.991.891.851.821.831.96
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.110.130.190.020.090.140.180.200.090.140.150.09
Free Cash Flow / Operating Cash Flow Ratio
0.730.730.76-1.300.670.780.870.830.620.740.720.67
Cash Flow Coverage Ratio
0.200.090.160.010.080.120.170.240.120.190.200.08
Short Term Coverage Ratio
1.4329.721.940.166.463.0213.286.042.565.275.863.02
Dividend Payout Ratio
121.38%347.31%103.63%26.25%-30.92%100.93%550%193.57%82.94%68.82%141.82%-30.92%