KKR Group Finance Co. IX LLC 4.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
20.6223.7537.5111.8811.743.032.841.23-12.264.554.224.22
Price/Sales ratio
8.8711.116.083.685.543.333.430.932.191.180.633.33
Price/Book Value ratio
1.822.091.951.681.531.301.060.860.701.58K0.261.30
Price/Cash Flow ratio
6.6130.10-7.42-3.33-1.74-2.47-2.44-2.12-2.37-11.382.30-1.74
Price/Free Cash Flow ratio
7.9296.67-7.13-3.24-1.72-2.39-2.38-2.09-2.34-10.612.32-1.72
Price/Earnings Growth ratio
-0.41-1.85-0.900.052.460.010.410.000.11-0.010.120.12
Dividend Yield
7.96%6.08%2.65%2.85%2.67%2.16%2.43%2.75%4.08%3.61%6.34%2.67%
Profitability Indicator Ratios
Gross Profit Margin
-13.85%-13.10%44.24%48.34%42.63%49.84%49.12%41.58%24.33%33.93%42.95%42.63%
Operating Profit Margin
-15.93%37.53%64.69%66.66%12.78%-22.43%-32.70%-15.18%24.86%45.76%25.07%12.78%
Pretax Profit Margin
491.77%511.76%51.10%84.83%94.19%122.44%135.35%84.06%-18.51%45.76%23.98%122.44%
Net Profit Margin
43.02%46.79%16.21%31.02%47.20%109.91%120.95%75.72%-17.89%26.05%15.05%109.91%
Effective Tax Rate
1.16%1.24%2.51%8.05%-8.60%10.23%10.63%9.91%3.36%18.26%16.12%-8.60%
Return on Assets
0.72%0.68%0.79%2.22%2.22%7.61%6.41%4.65%-0.36%1.17%1.06%7.61%
Return On Equity
8.84%8.80%5.20%14.17%13.07%42.92%37.30%69.92%-5.77%34709.02%11.97%42.92%
Return on Capital Employed
-0.27%0.56%3.37%5.08%0.62%-1.62%-1.81%-1.05%0.57%2.09%1.76%0.62%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
1.651.761.861.341.64-0.34-0.46-0.01-0.0113.83N/AN/A
Cash ratio
0.951.151.040.670.830.901.530.320.434.58N/A0.90
Days of Sales Outstanding
504.87360.64322.79188.98216.9890.92167.00652.132.04KN/AN/A90.92
Days of Inventory outstanding
N/AN/A-673.98-401.44-455.03558.201.18K1.54K3.88KN/AN/A-455.03
Operating Cycle
504.87360.64-351.18-212.46-238.04649.131.35K2.19K5.92KN/AN/A-238.04
Days of Payables Outstanding
355.50405.32378.39295.67279.79270.24347.16148.69178.28112.58N/A270.24
Cash Conversion Cycle
149.37-44.67-729.58-508.13-517.84378.881.00K2.04K5.75K-112.58N/A-517.84
Debt Ratios
Debt Ratio
0.160.260.950.920.880.440.420.140.150.15N/A0.44
Debt Equity Ratio
2.013.436.245.895.162.532.462.232.484.59KN/A2.53
Long-term Debt to Capitalization
0.660.770.750.740.720.710.700.680.700.99N/A0.71
Total Debt to Capitalization
0.660.770.860.850.830.710.710.690.710.99N/A0.71
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.54N/A
Cash Flow to Debt Ratio
0.130.02-0.04-0.08-0.17-0.20-0.17-0.18-0.11-0.03N/A-0.17
Company Equity Multiplier
12.1912.806.566.375.865.635.8115.0315.6229.50K5.835.63
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.340.36-0.81-1.10-3.17-1.34-1.40-0.44-0.92-0.100.27-3.17
Free Cash Flow / Operating Cash Flow Ratio
0.830.311.041.021.011.031.021.011.011.070.981.03
Cash Flow Coverage Ratio
0.130.02-0.04-0.08-0.17-0.20-0.17-0.18-0.11-0.03N/A-0.17
Short Term Coverage Ratio
55.131.28-0.08-0.17-0.34-14.95-18.14-23.88-6.55-7.46N/A-0.34
Dividend Payout Ratio
164.35%144.65%99.46%33.91%31.44%6.57%6.91%3.41%-50.15%16.47%11.69%11.69%