National Stock Yards
Financial ratios & Valuation

Historical Multiples (2018 – 2023)

2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
14.7121.528.7310.4419.5941.34N/A8.73
Price/Sales ratio
2.051.911.822.061.721.77N/A1.82
Price/Book Value ratio
1.621.691.561.761.711.77N/A1.56
Price/Cash Flow ratio
14.3715.5529.8822.6414.3224.99N/A29.88
Price/Free Cash Flow ratio
17.8017.83120.07-345.82-205.8091.07N/A120.07
Price/Earnings Growth ratio
N/A-0.670.0645.29-0.39-0.75N/A0.06
Dividend Yield
7.40%7.40%7.54%6.29%6.66%6.93%7.84%7.54%
Profitability Indicator Ratios
Gross Profit Margin
19.07%18.03%20.75%12.07%16.86%13.79%N/A20.75%
Operating Profit Margin
12.64%11.59%14.43%5.48%10.26%5.41%N/A14.43%
Pretax Profit Margin
18.56%12.37%27.69%24.23%11.67%5.89%N/A27.69%
Net Profit Margin
13.93%8.89%20.87%19.77%8.78%4.30%N/A20.87%
Effective Tax Rate
24.92%28.06%24.63%18.42%24.73%27.05%N/A24.63%
Return on Assets
9.31%6.53%14.89%13.92%6.56%3.25%N/A14.89%
Return On Equity
11.02%7.88%17.91%16.91%8.74%4.30%N/A17.91%
Return on Capital Employed
9.97%10.27%11.78%4.60%9.92%4.76%N/A11.78%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A1.59N/A
Quick Ratio
1.341.122.021.861.161.56N/A2.02
Cash ratio
1.230.981.791.631.031.25N/A1.79
Days of Sales Outstanding
3.255.968.567.005.338.71N/A8.56
Days of Inventory outstanding
0.071.050.080.521.431.86N/A0.08
Operating Cycle
3.327.028.647.526.7610.58N/A8.64
Days of Payables Outstanding
8.036.842.7714.498.233.56N/A2.77
Cash Conversion Cycle
-4.700.175.86-6.97-1.467.02N/A5.86
Debt Ratios
Debt Ratio
N/AN/A0.040.010.080.08N/A0.04
Debt Equity Ratio
N/AN/A0.050.010.100.11N/A0.05
Long-term Debt to Capitalization
N/AN/A0.04N/A0.000.09N/A0.04
Total Debt to Capitalization
N/AN/A0.040.010.090.10N/A0.04
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A6.71N/A
Cash Flow to Debt Ratio
N/AN/A1.023.941.090.62N/A1.02
Company Equity Multiplier
1.181.201.201.211.331.32N/A1.20
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.120.060.090.120.07N/A0.06
Free Cash Flow / Operating Cash Flow Ratio
0.800.870.24-0.06-0.060.27N/A0.24
Cash Flow Coverage Ratio
N/AN/A1.023.941.090.62N/A1.02
Short Term Coverage Ratio
N/AN/AN/A3.941.1614.93N/AN/A
Dividend Payout Ratio
108.97%159.44%65.90%65.75%130.65%286.63%286.63%65.90%