Massmart Holdings Limited
Financial ratios & Valuation

Historical Multiples (2012 – 2021)

2012 2014 2015 2016 2017 2018 2019 2020 2021 TTM Median
Valuation Ratios
Price/Earnings ratio
58.918.6011.188.756.8214.25-9.12-7.00-8.44N/A10.53
Price/Sales ratio
1.130.120.150.120.110.130.120.140.17N/A0.12
Price/Book Value ratio
15.221.772.251.871.621.892.464.155.34N/A1.76
Price/Cash Flow ratio
61.8813.137.385.133.889.225.454.87-7.59N/A6.55
Price/Free Cash Flow ratio
168.46-6.82172.1024.3812.14-46.9014.888.26-4.58N/A-17.37
Price/Earnings Growth ratio
-112.76-0.563.840.650.43-0.320.03-0.190.84N/A0.05
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
18.38%18.62%18.93%18.96%18.83%19.45%18.91%20.38%18.65%N/A19.14%
Operating Profit Margin
3.32%2.49%2.50%2.73%2.92%2.12%0.81%-0.09%-1.16%N/A2.52%
Pretax Profit Margin
2.99%2.07%1.97%2.09%2.31%1.39%-1.16%-2.16%-2.52%N/A1.85%
Net Profit Margin
1.92%1.45%1.37%1.44%1.62%0.95%-1.38%-2.02%-2.03%N/A1.28%
Effective Tax Rate
33.70%29.82%30.20%30.80%29.90%31.49%-18.92%6.54%19.62%N/A30.69%
Return on Assets
6.15%3.93%3.80%4.14%4.70%2.49%-3.21%-4.30%-3.93%N/A3.60%
Return On Equity
25.84%20.57%20.18%21.38%23.80%13.30%-27.00%-59.40%-63.37%N/A18.55%
Return on Capital Employed
32.91%22.25%24.04%22.90%26.55%18.94%4.76%-0.61%-6.07%N/A22.75%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A0.64N/A
Quick Ratio
0.100.320.300.350.350.340.260.230.190.030.35
Cash ratio
0.100.100.090.130.100.090.050.120.030.030.10
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
55.6464.4363.4158.2552.6960.6957.1662.9768.94N/A56.69
Operating Cycle
55.6464.4363.4158.2552.6960.6957.1662.9768.94N/A56.69
Days of Payables Outstanding
83.5985.16106.6879.6683.4593.1785.3783.6784.11N/A88.31
Cash Conversion Cycle
-27.95-20.72-43.27-21.40-30.76-32.47-28.21-20.69-15.16N/A-26.08
Debt Ratios
Debt Ratio
0.760.150.110.170.140.150.090.140.430.960.16
Debt Equity Ratio
3.200.800.590.910.740.810.772.016.9829.210.82
Long-term Debt to Capitalization
0.150.350.230.410.350.310.290.090.820.880.38
Total Debt to Capitalization
0.310.440.370.470.420.440.430.660.870.940.45
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.520.160.500.390.560.250.580.42-0.10N/A0.40
Company Equity Multiplier
4.205.225.305.155.055.328.4013.8016.1230.265.10
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.000.020.020.020.010.020.02-0.02N/A0.02
Free Cash Flow / Operating Cash Flow Ratio
0.36-1.920.040.210.32-0.190.360.581.65N/A0.06
Cash Flow Coverage Ratio
0.520.160.500.390.560.250.580.42-0.10N/A0.40
Short Term Coverage Ratio
0.870.531.071.912.050.561.260.44-0.29N/A1.31
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A