NCR
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
25.61-23.0318.8617.85-31.059.05-803.9957.6053.33N/A52.61-31.05
Price/Sales ratio
0.740.640.770.630.420.730.770.780.40N/A0.400.73
Price/Book Value ratio
2.612.703.302.702.173.403.653.651.82N/A1.793.40
Price/Cash Flow ratio
9.336.015.695.485.098.127.525.187.15N/A7.065.09
Price/Free Cash Flow ratio
18.399.067.638.9812.2517.0712.767.6645.71N/A45.112.25
Price/Earnings Growth ratio
-0.440.11-0.07-0.410.17-0.017.94-0.04-1.10N/A-1.39-0.01
Dividend Yield
N/AN/AN/AN/AN/AN/A0.18%0.26%0.5%N/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
26.27%23.05%27.23%28.60%26.15%27.78%24.55%26.45%23.68%N/A23.68%27.78%
Operating Profit Margin
5.35%2.11%9.15%10.37%2.98%8.83%3.56%6.62%6.23%N/A6.23%2.98%
Pretax Profit Margin
2.07%-1.49%5.79%7.39%0.60%4.93%-0.95%3.96%2.69%N/A2.69%0.60%
Net Profit Margin
2.89%-2.79%4.12%3.56%-1.37%8.15%-0.09%1.35%0.76%N/A0.76%-1.37%
Effective Tax Rate
-35.03%-57.89%24.27%50.20%187.17%-80.05%89.83%65.49%70.14%N/A70.14%70.14%
Return on Assets
2.21%-2.33%3.51%3.03%-1.13%6.27%-0.07%0.83%0.52%N/A0.52%-1.13%
Return On Equity
10.20%-11.72%17.50%15.17%-7.01%37.62%-0.45%6.33%3.41%N/A3.57%-7.01%
Return on Capital Employed
5.32%2.30%10.49%11.72%3.48%9.47%3.49%5.36%5.56%N/A5.56%3.48%
Liquidity Ratios
Current Ratio
1.491.431.401.491.321.231.18N/AN/AN/A1.131.23
Quick Ratio
1.221.071.041.080.970.920.890.750.850.710.580.92
Cash ratio
0.250.180.250.280.200.200.160.150.180.190.180.20
Days of Sales Outstanding
77.7571.6471.5171.1477.2778.6465.6848.9150.39N/A50.3978.64
Days of Inventory outstanding
50.2547.8553.5861.1962.1957.3046.8452.2947.07N/A47.0757.30
Operating Cycle
128.00119.50125.10132.33139.47135.94112.52101.2097.46N/A59.49135.94
Days of Payables Outstanding
53.4848.8959.8759.7869.2161.3949.2557.2858.29N/A57.4361.39
Cash Conversion Cycle
74.5270.6065.2272.5570.2574.5563.2643.9239.17N/A4.5674.55
Debt Ratios
Debt Ratio
0.420.420.390.390.400.430.420.510.520.560.840.40
Debt Equity Ratio
1.952.141.971.952.522.622.723.883.42113.285.552.52
Long-term Debt to Capitalization
0.650.680.660.650.700.700.730.790.770.990.770.70
Total Debt to Capitalization
0.660.680.660.660.710.720.730.790.770.990.770.71
Interest Coverage Ratio
2.521.133.614.142.483.101.09N/AN/AN/A1.713.10
Cash Flow to Debt Ratio
0.140.200.290.250.160.150.170.180.07N/A0.070.15
Company Equity Multiplier
4.605.024.975.006.185.996.367.606.56199.66.556.18
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.100.130.110.080.090.100.150.05N/A0.050.09
Free Cash Flow / Operating Cash Flow Ratio
0.500.660.740.610.410.470.580.670.15N/A0.150.47
Cash Flow Coverage Ratio
0.140.200.290.250.160.150.170.180.07N/A0.070.15
Short Term Coverage Ratio
5.7552.3817.8814.512.892.2280.1218.894.29N/A4.292.89
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/A-150%15.46%26.66%N/AN/AN/A