Natural Resource Partners L.P.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.62-0.274.073.594.17-2.07-1.238.562.524.2520.594.17
Price/Sales ratio
2.920.351.190.952.871.171.302.122.063.975.392.87
Price/Book Value ratio
1.471.962.591.591.64-95.04523.56128.401.672.042.671.64
Price/Cash Flow ratio
4.970.763.652.503.081.791.883.382.543.755.323.08
Price/Free Cash Flow ratio
-7.091.013.852.653.081.791.883.382.543.755.323.08
Price/Earnings Growth ratio
-0.240.00-0.03-0.100.050.01-0.08-0.060.00-0.39-3.680.01
Dividend Yield
15.56%46.19%5.68%9.69%8.97%25.61%25.65%9.26%9.49%7.87%5.12%25.61%
Profitability Indicator Ratios
Gross Profit Margin
64.58%77.02%86.01%89.21%89.30%92.90%92.87%90.18%93.13%88.99%88.61%92.90%
Operating Profit Margin
52.72%-108.88%56.13%55.13%94.95%91.77%70.88%76.07%93.03%99.61%81.00%91.77%
Pretax Profit Margin
30.37%-130.25%28.77%26.73%60.34%-12.08%-65.74%56.06%81.83%94.81%80.20%60.34%
Net Profit Margin
30.37%-130.25%29.27%26.57%68.81%-56.57%-105.81%24.79%81.83%93.44%26.19%26.19%
Effective Tax Rate
111.73%-25.14%135.43%138.88%82.79%-368.24%-60.94%55.78%13.68%N/A11.55%-368.24%
Return on Assets
4.45%-33.94%6.70%6.38%10.40%-10.95%-14.80%5.04%114.20%34.39%8.51%8.51%
Return On Equity
15.34%-722.83%63.61%44.36%39.29%4587.50%-42395.96%1499.68%66.32%48.12%13.04%4587.50%
Return on Capital Employed
8.22%-30.87%14.79%14.50%16.14%18.86%10.62%16.61%174.55%39.10%27.35%16.14%
Liquidity Ratios
Current Ratio
0.920.880.550.751.632.101.90N/AN/AN/A2.331.63
Quick Ratio
0.880.830.520.691.632.101.902.521.381.102.331.63
Cash ratio
0.330.300.210.220.681.561.622.100.640.241.030.68
Days of Sales Outstanding
77.3641.5554.9926.4862.1753.5634.8646.1047.5051.0652.4553.56
Days of Inventory outstanding
16.7228.3654.3776.59N/AN/A0.000.00N/AN/AN/AN/A
Operating Cycle
94.0869.92109.36103.0762.1753.5634.8646.1047.5051.0652.4553.56
Days of Payables Outstanding
64.6118.1756.5815.2140.6228.8154.9637.4232.289.9912.2828.81
Cash Conversion Cycle
29.4751.7452.7787.8621.5524.74-20.098.6715.2141.0740.1621.55
Debt Ratios
Debt Ratio
0.600.760.780.580.500.470.510.450.710.190.240.47
Debt Equity Ratio
2.0816.277.424.041.89-198.991.46K135.010.410.270.38-198.99
Long-term Debt to Capitalization
0.660.930.860.780.611.000.990.990.240.170.261.00
Total Debt to Capitalization
0.670.940.880.800.651.000.990.990.290.210.271.00
Interest Coverage Ratio
2.161.631.471.721.923.071.97N/AN/AN/A13.031.92
Cash Flow to Debt Ratio
0.140.150.090.150.280.260.180.281.582.001.310.28
Company Equity Multiplier
3.4421.299.486.953.77-418.622.86K297.040.581.391.52-418.62
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.580.460.320.380.930.650.690.620.811.051.010.93
Free Cash Flow / Operating Cash Flow Ratio
-0.700.750.940.9410.99110.990.9910.99
Cash Flow Coverage Ratio
0.140.150.090.150.280.260.180.281.582.001.310.28
Short Term Coverage Ratio
2.602.510.771.591.642.992.283.116.8210.1018.281.64
Dividend Payout Ratio
149.78%-12.55%23.18%34.80%37.48%-53.06%-31.68%79.36%23.97%33.51%119.56%37.48%