Koninklijke DSM N.V.
Financial ratios & Valuation

Historical Multiples (2012 – 2021)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 TTM Median
Valuation Ratios
Price/Earnings ratio
30.3736.49219.71407.5359.8118.3831.8846.4662.2845.1028.7918.38
Price/Sales ratio
0.951.093.474.644.683.763.703.903.883.66N/A3.76
Price/Book Value ratio
1.481.675.566.476.114.674.414.554.253.612.304.67
Price/Cash Flow ratio
11.9811.1239.4251.5236.4832.6524.6925.4221.0923.6115.0732.65
Price/Free Cash Flow ratio
198.7864.22205.54234.3971.0173.7549.2047.3336.3039.64N/A73.75
Price/Earnings Growth ratio
-0.46-3.83-4.76-10.690.100.09-0.80-1.54-1.960.910.570.10
Dividend Yield
2.40%1.61%0.54%0.48%0.51%0.61%0.65%0.82%0.91%0.78%0.60%0.51%
Profitability Indicator Ratios
Gross Profit Margin
26.41%27.46%26.17%31.74%33.56%33.97%36.74%33.88%34.24%34.37%34.37%33.56%
Operating Profit Margin
6.95%8.27%6.74%7.42%8.64%9.80%13.43%10.58%8.16%21.22%21.22%8.64%
Pretax Profit Margin
5.94%6.68%5.45%5.49%6.96%8.59%12.34%9.56%7.34%9.94%9.94%6.96%
Net Profit Margin
3.15%2.99%1.57%1.13%7.84%20.49%11.62%8.41%6.24%8.11%8.11%7.84%
Effective Tax Rate
17.67%17.85%17.76%22.87%16.12%15.49%16.95%17.63%17.81%18.36%18.36%16.12%
Return on Assets
2.40%2.25%1.19%0.74%4.79%13.81%7.89%5.63%3.52%4.66%4.66%13.81%
Return On Equity
4.90%4.58%2.53%1.58%10.22%25.40%13.83%9.80%6.83%8.01%8.93%25.40%
Return on Capital Employed
7.21%8.58%7.19%6.14%6.99%8.00%11.24%8.45%5.47%14.38%14.38%6.99%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.52N/A
Quick Ratio
0.350.240.710.941.021.601.671.481.561.570.841.60
Cash ratio
0.350.230.180.270.190.400.490.360.380.640.640.19
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
97.9493.1293.64112.66124.85118.35124.09123.70128.67138.80138.80124.85
Operating Cycle
97.9493.1293.64112.66124.85118.35124.09123.70128.67138.80138.80124.85
Days of Payables Outstanding
78.9373.8373.2980.8895.4492.9989.0382.4183.4094.9394.9394.93
Cash Conversion Cycle
19.0119.2920.3531.7829.4125.3635.0541.2945.2643.87-60.7025.36
Debt Ratios
Debt Ratio
0.490.490.220.230.260.200.190.190.240.190.410.26
Debt Equity Ratio
1.001.000.480.500.560.370.340.340.480.330.330.37
Long-term Debt to Capitalization
0.240.220.220.310.290.260.220.240.310.240.240.26
Total Debt to Capitalization
0.300.300.320.330.350.270.250.250.320.240.240.27
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A17.76N/A
Cash Flow to Debt Ratio
0.280.340.290.240.290.370.520.520.410.460.460.29
Company Equity Multiplier
2.032.032.112.112.131.831.751.731.941.711.711.83
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.090.080.090.120.110.150.150.180.150.150.12
Free Cash Flow / Operating Cash Flow Ratio
0.060.170.190.210.510.440.500.530.580.590.590.51
Cash Flow Coverage Ratio
0.280.340.290.240.290.370.520.520.410.460.460.29
Short Term Coverage Ratio
1.131.050.702.751.1912.933.667.3213.9613.7213.721.19
Dividend Payout Ratio
72.91%59.04%120.68%197.72%30.59%11.30%20.89%38.39%57.11%35.60%35.60%30.59%