National Western Life Group
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
8.768.7910.5810.308.847.817.904.199.8218.0816.928.84
Price/Sales ratio
1.301.461.561.301.871.251.050.921.772.442.301.87
Price/Book Value ratio
0.590.530.620.620.540.480.280.290.490.700.700.54
Price/Cash Flow ratio
2.952.503.454.113.163.121.952.732.776.675.653.16
Price/Free Cash Flow ratio
2.952.504.124.253.193.152.022.842.786.825.573.19
Price/Earnings Growth ratio
0.90-1.284.201.081.000.81-0.260.04-0.22-2.73-0.320.81
Dividend Yield
0.13%0.14%0.11%0.11%0.12%0.12%0.17%0.16%0.12%0.07%0.07%0.12%
Profitability Indicator Ratios
Gross Profit Margin
100%86.70%86.15%87.76%82.96%87.23%84.94%100%100%95.30%86.35%82.96%
Operating Profit Margin
22.22%24.86%22.40%16.53%25.65%18.02%13.46%24.86%57.30%20.81%12.56%18.02%
Pretax Profit Margin
22.22%24.86%22.40%12.62%25.65%20.16%16.13%27.57%22.57%18.57%16.42%20.16%
Net Profit Margin
14.89%16.68%14.78%12.62%21.16%16.06%13.28%21.92%18.11%13.52%14.03%16.06%
Effective Tax Rate
32.96%32.91%33.99%30.91%17.48%20.30%17.62%20.49%19.74%27.18%42.49%17.48%
Return on Assets
0.93%0.84%0.84%0.90%0.97%1.04%0.63%1.26%0.77%0.86%0.98%0.97%
Return On Equity
6.78%6.10%5.85%6.02%6.14%6.18%3.63%7.11%5.03%3.87%4.41%6.18%
Return on Capital Employed
1.38%1.26%1.28%1.18%1.18%1.17%0.63%1.43%2.44%1.16%0.77%1.17%
Liquidity Ratios
Current Ratio
N/A2.140.788.563.356.350.05N/AN/AN/A-1.076.35
Quick Ratio
N/AN/A3.94K1.21KN/A963.30323.90236.44174.33-6.79-1.98963.30
Cash ratio
N/AN/A64.9580.57N/A67.6449.8049.6616.00-0.31-0.3067.64
Days of Sales Outstanding
N/A7.74N/AN/A11.86N/A903.45682.041.10KN/A721.8711.86
Days of Inventory outstanding
N/A11.05KN/AN/A8.41KN/A32.43KN/AN/A-101.68K-32.41KN/A
Operating Cycle
N/A11.06KN/AN/A8.42KN/A33.33KN/AN/A-101.68K-31.69KN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/A11.06KN/AN/A8.42KN/A33.33KN/AN/A-101.68K-31.69KN/A
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
7.297.206.906.676.275.895.765.646.524.484.265.89
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.440.580.450.310.590.400.530.330.640.360.420.42
Free Cash Flow / Operating Cash Flow Ratio
110.830.960.990.990.960.960.990.970.980.99
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
1.20%1.29%1.26%1.15%1.09%0.96%1.37%0.70%1.25%1.34%N/A0.96%