Matthews International
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
14.5711.18
Price/Sales ratio
0.390.38
Earnings per Share (EPS)
$1.63$2.13

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
25.4229.2526.9114.42-28.58-7.95377.84-7.0430.17-12.02-14.38-28.58
Price/Sales ratio
1.131.311.320.960.720.460.650.390.630.390.570.57
Price/Book Value ratio
2.202.752.531.781.541.141.721.442.251.641.961.54
Price/Cash Flow ratio
11.4313.9213.4010.498.483.866.755.5414.909.0410.828.48
Price/Free Cash Flow ratio
17.3719.8019.1714.8311.904.788.5510.7240.9821.0524.9411.90
Price/Earnings Growth ratio
0.563.762.430.300.20-0.06-3.650.00-0.210.042.160.20
Dividend Yield
1.10%0.99%1.08%1.59%2.30%3.79%2.51%3.93%2.37%4.37%4.35%2.30%
Profitability Indicator Ratios
Gross Profit Margin
37.12%37.58%37.17%36.27%35.28%33.22%32.42%29.63%30.71%29.49%13.87%33.22%
Operating Profit Margin
7.36%8.02%7.42%8.28%10.76%1.74%2.51%6.86%4.68%-0.68%-0.27%1.74%
Pretax Profit Margin
6.28%6.43%6.35%6.11%-2.47%-7.09%0.55%-5.91%2.17%-3.87%-4.71%-4.71%
Net Profit Margin
4.44%4.50%4.90%6.69%-2.52%-5.85%0.17%-5.66%2.08%-3.32%-4.03%-4.03%
Effective Tax Rate
29.40%30.52%23.21%-9.30%-2.11%17.57%69.04%4.21%4.33%14.35%12.26%-2.11%
Return on Assets
2.93%3.19%3.31%4.52%-1.77%-4.22%0.14%-5.30%2.08%-3.25%-3.25%-3.25%
Return On Equity
8.68%9.41%9.41%12.36%-5.40%-14.33%0.45%-20.49%7.47%-13.64%-12.18%-12.18%
Return on Capital Employed
5.48%6.48%5.74%6.41%8.65%1.49%2.50%8.22%5.90%-0.88%-0.29%1.49%
Liquidity Ratios
Current Ratio
2.502.212.082.022.081.81N/AN/AN/AN/A1.451.81
Quick Ratio
1.811.581.481.431.441.261.220.980.980.900.901.26
Cash ratio
0.280.210.200.130.120.130.130.160.100.090.090.13
Days of Sales Outstanding
72.6772.7076.9675.4975.6871.9067.6745.7754.7560.7673.8273.82
Days of Inventory outstanding
69.7764.1765.7164.4966.1463.8761.1266.3572.9368.5868.2066.14
Operating Cycle
142.45136.88142.67139.98141.82135.78128.79112.12127.69129.34142.03141.82
Days of Payables Outstanding
28.0422.9525.5325.0327.3530.2436.4335.7132.0131.2431.0727.35
Cash Conversion Cycle
114.41113.93117.14114.95114.47105.5392.3576.4095.6798.10110.96110.96
Debt Ratios
Debt Ratio
0.410.410.400.400.420.400.370.420.410.430.420.40
Debt Equity Ratio
1.231.231.151.101.301.361.191.631.501.821.771.30
Long-term Debt to Capitalization
0.540.540.520.510.550.560.540.620.590.630.630.55
Total Debt to Capitalization
0.550.550.530.520.560.570.540.620.600.640.630.56
Interest Coverage Ratio
5.094.884.263.542.140.75N/AN/AN/AN/A-0.080.75
Cash Flow to Debt Ratio
0.150.160.160.150.130.210.210.150.100.090.100.21
Company Equity Multiplier
2.952.952.842.733.043.383.193.863.594.194.193.04
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.090.090.090.080.120.090.070.040.040.050.12
Free Cash Flow / Operating Cash Flow Ratio
0.650.700.690.700.710.800.780.510.360.420.420.80
Cash Flow Coverage Ratio
0.150.160.160.150.130.210.210.150.100.090.100.21
Short Term Coverage Ratio
12.015.055.054.723.086.8156.6838.7121.512.6911.563.08
Dividend Payout Ratio
28.12%29.08%29.26%22.94%-65.87%-30.16%952.02%-27.73%71.77%-52.64%-52.64%-65.87%