The Necessity Retail REIT
Financial ratios & Valuation

Historical Multiples (2013 – 2022)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
N/A-1.40K-132.50-51.57-57.44-69.99-37.69-7.23-8.63-6.67-4.20-57.44
Price/Sales ratio
N/A17.6616.2315.849.898.999.742.633.141.752.398.99
Price/Book Value ratio
N/A2.212.482.841.531.631.730.480.610.500.701.63
Price/Cash Flow ratio
N/A28.0331.2738.1328.8827.5527.668.687.255.0510.8427.55
Price/Free Cash Flow ratio
N/A-6.3831.2771.5131.9630.9431.779.647.995.7918.7630.94
Price/Earnings Growth ratio
N/AN/A-0.13-0.325.972.74-0.34-0.17-2.960.410.002.74
Dividend Yield
N/A1.60%2.65%3.12%3.28%4.00%4.16%11.25%11.33%17.36%2.79%4.00%
Profitability Indicator Ratios
Gross Profit Margin
N/A91.48%92.30%92.29%84.21%81.43%82.41%82.86%83.46%77.25%76.49%81.43%
Operating Profit Margin
N/A14.46%19.23%-0.35%-0.60%9.77%26.19%14.92%23.40%15.94%5.67%-0.60%
Pretax Profit Margin
N/A-1.26%-12.25%-30.71%-17.26%-12.86%1.38%-10.45%-11.99%-18.50%-30.46%-12.86%
Net Profit Margin
N/A-1.26%-12.25%-30.71%-17.23%-12.84%-25.84%-36.48%-36.41%-26.29%-53.27%-12.84%
Effective Tax Rate
N/A-1470.35%-204.32%-92.11%-136.42%-82.33%1961.01%-249.00%-203.70%-42.09%-101.21%-136.42%
Return on Assets
N/A-0.08%-0.94%-2.62%-1.41%-1.14%-2.21%-3.08%-3.2%-2.55%-5.58%-1.14%
Return On Equity
N/A-0.15%-1.87%-5.50%-2.67%-2.33%-4.60%-6.67%-7.18%-7.50%-15.77%-2.33%
Return on Capital Employed
N/A1.02%1.51%-0.03%-0.05%0.98%2.51%1.38%2.08%1.76%0.70%-0.05%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.30N/A
Quick Ratio
N/AN/A4.969.351.270.570.440.6311.620.370.170.57
Cash ratio
N/AN/A2.984.000.750.240.210.324.430.120.080.24
Days of Sales Outstanding
N/AN/AN/AN/AN/A47.5157.2079.6277.0954.4948.0547.51
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A64.5388.86N/A
Operating Cycle
N/AN/AN/AN/AN/A47.5157.2079.6277.09119.03136.91136.91
Days of Payables Outstanding
N/AN/A687.27363.36234.41191.60185.68175.95216.68230.62187.13191.60
Cash Conversion Cycle
N/AN/A-687.27-363.36-234.41-144.08-128.47-96.33-139.59-111.59-50.21-234.41
Debt Ratios
Debt Ratio
N/AN/A0.470.500.450.490.500.510.530.630.640.45
Debt Equity Ratio
N/AN/A0.941.060.861.001.031.121.201.861.940.86
Long-term Debt to Capitalization
N/AN/A0.480.510.440.440.450.480.540.610.600.44
Total Debt to Capitalization
N/AN/A0.480.510.460.500.500.520.540.650.660.46
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.18N/A
Cash Flow to Debt Ratio
N/AN/A0.080.070.060.050.060.040.070.050.030.05
Company Equity Multiplier
1.021.761.982.091.892.032.072.162.242.933.011.89
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/A0.630.510.410.340.320.350.300.430.340.200.32
Free Cash Flow / Operating Cash Flow Ratio
N/A-4.3910.530.900.890.870.900.900.870.610.89
Cash Flow Coverage Ratio
N/AN/A0.080.070.060.050.060.040.070.050.030.05
Short Term Coverage Ratio
N/AN/AN/AN/A0.970.290.310.33N/A0.330.150.29
Dividend Payout Ratio
N/A-2246.97%-351.14%-161.28%-188.53%-280.21%-157.19%-81.40%-97.80%-115.86%-56.85%-188.53%