Protective Insurance
Financial ratios & Valuation

Historical Multiples (2011 – 2020)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
-11.6611.3811.1212.5916.1213.0220.61-7.3132.0143.43N/A13.02
Price/Sales ratio
1.311.491.571.391.391.341.130.560.51N/AN/A1.34
Price/Book Value ratio
1.031.041.060.930.950.930.900.690.640.53N/A0.93
Price/Cash Flow ratio
6.056.5111.3312.419.8311.654.032.472.712.58N/A11.65
Price/Free Cash Flow ratio
6.477.0255.7622.4012.2915.304.332.612.772.64N/A15.30
Price/Earnings Growth ratio
0.050.050.75-0.64-0.740.54-0.550.02-0.26-1.20N/A-0.74
Dividend Yield
4.51%4.09%3.67%N/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
N/AN/AN/A100%100%100%100%100%100%N/A8.31%100%
Operating Profit Margin
-18.06%19.16%21.22%16.56%12.61%15.30%3.03%-9.90%1.90%N/A10.39%15.30%
Pretax Profit Margin
-18.06%19.16%21.22%16.56%12.61%15.30%3.03%-9.90%1.90%N/A17.77%12.61%
Net Profit Margin
-11.24%13.11%14.14%11.08%8.65%10.29%5.49%-7.69%1.60%N/A15.02%8.65%
Effective Tax Rate
37.74%31.54%33.33%33.06%31.42%32.77%13.82%22.33%15.28%29.86%15.45%32.77%
Return on Assets
-3.11%3.24%3.41%2.59%2.14%2.50%1.35%-2.28%0.44%0.25%3.50%2.14%
Return On Equity
-8.83%9.20%9.58%7.43%5.90%7.15%4.37%-9.56%2.01%1.22%17.50%5.90%
Return on Capital Employed
N/A5.23%5.67%4.39%3.53%4.20%0.86%-3.39%0.60%0.41%N/A4.20%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
N/A3.643.465.685.936.265.055.025.250.09N/A6.26
Cash ratio
N/A0.770.560.470.590.480.340.830.320.28N/A0.48
Days of Sales Outstanding
114.65392.97422.58435.80388.16418.62451.87414.48438.76N/A490.30388.16
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.640.640.640.010.010.010.010.010.010.010.790.01
Debt Equity Ratio
1.831.831.800.050.050.040.040.050.050.053.800.05
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
N/AN/A0.020.040.040.040.040.050.050.05N/A0.04
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/A3.591.501.901.614.685.034.333.74N/A1.61
Company Equity Multiplier
2.832.832.802.862.752.853.244.184.484.744.802.75
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.210.220.130.110.140.110.280.220.18N/A0.230.14
Free Cash Flow / Operating Cash Flow Ratio
0.930.920.200.550.790.760.920.940.970.980.970.79
Cash Flow Coverage Ratio
N/AN/A3.591.501.901.614.685.034.333.74N/A1.61
Short Term Coverage Ratio
5.425.573.591.501.901.614.685.034.333.74N/A1.61
Dividend Payout Ratio
-52.64%46.66%40.82%N/AN/AN/AN/AN/AN/AN/AN/AN/A