Douglas Dynamics
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
17.28
Price/Sales ratio
1.11
Earnings per Share (EPS)
$1.87

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
11.8810.6419.3915.4218.5425.48-11.2829.2121.4628.729.7325.48
Price/Sales ratio
1.561.171.811.791.552.192.031.651.341.190.962.19
Price/Book Value ratio
2.742.343.433.322.874.004.884.173.492.942.064.00
Price/Cash Flow ratio
8.838.3310.8112.7013.9916.2018.3114.8120.7054.6512.4416.20
Price/Free Cash Flow ratio
9.7910.1212.5814.5116.7819.0525.1318.1729.61349.8614.7519.05
Price/Earnings Growth ratio
0.041.11-1.570.37-0.932.600.04-0.210.85-0.74-0.10-0.93
Dividend Yield
4.12%4.28%2.83%2.57%2.99%2.01%2.65%2.95%3.26%4.02%5.06%2.99%
Profitability Indicator Ratios
Gross Profit Margin
38.32%33.18%32.18%30.12%29.55%29.52%26.71%26.20%24.58%23.63%24.38%29.52%
Operating Profit Margin
23.79%19.31%16.60%14.75%14.01%15.14%11.00%9.44%9.53%7.90%15.80%14.01%
Pretax Profit Margin
20.42%16.54%15.30%11.14%10.63%10.95%-20.58%6.38%7.68%5.14%12.89%10.63%
Net Profit Margin
13.16%11.03%9.37%11.64%8.37%8.59%-18.02%5.66%6.26%4.17%9.89%8.37%
Effective Tax Rate
35.54%33.33%38.75%-4.55%21.25%21.48%12.42%11.26%18.47%18.85%23.29%21.25%
Return on Assets
8.31%8.73%5.80%8.07%6.49%6.96%-14.94%5.36%6.46%3.99%8.31%6.49%
Return On Equity
23.06%22.03%17.69%21.55%15.52%15.69%-43.23%14.30%16.28%10.24%23.38%15.52%
Return on Capital Employed
16.61%16.67%11.13%11.59%12.30%13.79%10.29%10.42%11.83%9.45%17.05%12.30%
Liquidity Ratios
Current Ratio
3.114.053.542.452.512.703.28N/AN/AN/A2.142.70
Quick Ratio
2.062.812.081.471.421.621.951.381.141.001.131.62
Cash ratio
0.520.880.360.450.350.450.610.450.200.200.050.45
Days of Sales Outstanding
73.2566.1470.2660.8056.7556.0963.2448.7051.4056.9099.9256.75
Days of Inventory outstanding
94.0870.3796.7287.1585.2276.5390.8997.44108.18119.95128.4585.22
Operating Cycle
167.34136.51166.98147.95141.97132.63154.13146.15159.59176.86228.38141.97
Days of Payables Outstanding
19.0119.8522.3617.9518.4914.5911.4825.0038.6926.3930.4518.49
Cash Conversion Cycle
148.32116.65144.62130.00123.48118.03142.65121.14120.89150.47197.93123.48
Debt Ratios
Debt Ratio
0.390.360.460.460.410.360.440.380.340.400.320.36
Debt Equity Ratio
1.080.931.421.220.980.811.271.030.871.020.830.81
Long-term Debt to Capitalization
0.510.470.580.510.460.420.550.490.450.430.350.42
Total Debt to Capitalization
0.520.480.580.550.490.440.560.500.460.500.450.44
Interest Coverage Ratio
8.897.094.543.824.335.152.60N/AN/AN/A4.944.33
Cash Flow to Debt Ratio
0.280.300.220.210.200.300.200.270.190.050.190.30
Company Equity Multiplier
2.772.523.042.662.392.252.892.662.512.562.552.39
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.170.140.160.140.110.130.110.110.060.020.070.13
Free Cash Flow / Operating Cash Flow Ratio
0.900.820.850.870.830.850.720.810.690.150.840.83
Cash Flow Coverage Ratio
0.280.300.220.210.200.300.200.270.190.050.190.30
Short Term Coverage Ratio
32.9934.6610.331.661.572.695.584.383.240.220.612.69
Dividend Payout Ratio
49.04%45.66%54.98%39.71%55.53%51.22%-29.95%86.41%69.99%115.67%49.29%51.22%