Model N
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
N/AN/A
Price/Sales ratio
N/AN/A
Earnings per Share (EPS)
$0.18$0.24

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-11.52-13.25-9.18-10.83-17.34-46.37-87.80-39.94-43.92-27.40-48.42-46.37
Price/Sales ratio
2.942.772.843.263.166.337.446.145.733.725.643.16
Price/Book Value ratio
2.703.134.5910.3812.2216.979.629.619.348.0511.3616.97
Price/Cash Flow ratio
-39.76-29.68-24.68-35.79193.9285.6283.2860.6449.7339.3976.6985.62
Price/Free Cash Flow ratio
-29.10-19.46-19.62-33.74215.4387.9886.7764.0951.7740.1580.0287.98
Price/Earnings Growth ratio
-0.001.03-0.14-0.770.531.302.63-0.366.14-1.94-6.361.30
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
53.83%55.66%49.80%53.42%57.74%53.17%59.33%55.20%55.68%56.61%55.57%55.57%
Operating Profit Margin
-24.94%-20.41%-30.60%-29.43%-13.43%-10.62%-4.10%-7.45%-5.91%-1.65%-6.38%-13.43%
Pretax Profit Margin
-25.07%-20.38%-30.64%-32.65%-18.25%-12.93%-7.97%-14.97%-12.39%-12.45%-10.97%-18.25%
Net Profit Margin
-25.54%-20.94%-30.95%-30.14%-18.24%-13.66%-8.48%-15.37%-13.06%-13.59%-11.64%-18.24%
Effective Tax Rate
-1.87%-2.76%-1.02%7.66%0.09%-5.63%-6.31%-2.65%-5.43%-9.15%-6.16%-5.63%
Return on Assets
-16.17%-16.10%-29.31%-23.00%-16.97%-11.37%-4.26%-8.17%-7.30%-6.78%-6.82%-16.97%
Return On Equity
-23.47%-23.64%-50.01%-95.84%-70.45%-36.59%-10.96%-24.07%-21.27%-29.37%-20.63%-70.45%
Return on Capital Employed
-22.01%-22.30%-47.64%-40.63%-22.21%-16.09%-2.72%-5.39%-4.54%-1.01%-4.90%-22.21%
Liquidity Ratios
Current Ratio
3.253.062.091.131.221.233.17N/AN/AN/A2.851.22
Quick Ratio
3.192.961.951.071.171.203.132.252.384.042.631.17
Cash ratio
2.762.511.490.740.780.792.581.711.803.221.910.78
Days of Sales Outstanding
67.8762.6967.9868.9666.7369.6581.1281.4881.8090.36106.4166.73
Days of Inventory outstanding
22.6532.7244.0125.2420.2815.3215.5822.0523.9520.28N/A15.32
Operating Cycle
90.5395.41112.0094.2187.0284.9796.71103.53105.76110.6426.2484.97
Days of Payables Outstanding
13.2314.0222.6617.939.2912.7016.7620.2221.8713.1118.749.29
Cash Conversion Cycle
77.2981.3989.3376.2777.7272.2779.9483.3183.8997.5387.6777.72
Debt Ratios
Debt Ratio
N/AN/AN/A0.330.320.260.360.400.380.580.700.32
Debt Equity Ratio
N/AN/AN/A1.381.340.830.941.181.132.522.431.34
Long-term Debt to Capitalization
N/AN/AN/A0.550.560.420.480.530.520.710.610.56
Total Debt to Capitalization
N/AN/AN/A0.580.570.450.480.540.530.710.620.57
Interest Coverage Ratio
1.69K3.18K654.8-9.28-2.54-5.11-1.04N/AN/AN/A-1.30-2.54
Cash Flow to Debt Ratio
N/AN/AN/A-0.200.040.230.120.130.160.080.090.04
Company Equity Multiplier
1.451.461.704.164.153.212.562.942.914.333.433.43
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.07-0.09-0.11-0.090.010.070.080.100.110.090.070.01
Free Cash Flow / Operating Cash Flow Ratio
1.361.521.251.060.900.970.950.940.960.980.950.90
Cash Flow Coverage Ratio
N/AN/AN/A-0.200.040.230.120.130.160.080.090.04
Short Term Coverage Ratio
N/AN/AN/A-2.511.832.129.864.325.435.353.631.83
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A