South Dakota Soybean Processors
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
4.834.227.7014.333.7710.056.055.243.503.842.3410.05
Price/Sales ratio
0.220.260.250.250.240.290.220.240.320.380.230.29
Price/Book Value ratio
1.451.301.341.391.081.280.991.293.49K1.37N/A1.28
Price/Cash Flow ratio
2.233.975.3413.113.20-32.996.638.158.612.1451.473.20
Price/Free Cash Flow ratio
2.995.058.75-13.674.34-8.239.8632.1212.0012.20-36.59-8.23
Price/Earnings Growth ratio
-0.840.31-0.16-0.300.01-0.170.140.060.020.850.070.01
Dividend Yield
11.33%15.50%15.50%9.73%5.19%13.77%10%6.41%7.33%13.48%N/A13.77%
Profitability Indicator Ratios
Gross Profit Margin
5.05%6.77%3.73%2.96%7.30%5.10%4.63%5.67%10.17%11.15%10.93%7.30%
Operating Profit Margin
4.05%5.80%2.81%2.10%6.32%4.12%3.71%4.89%9.38%10.22%10.14%6.32%
Pretax Profit Margin
4.61%6.24%3.33%1.80%6.61%2.95%3.75%4.74%9.35%10.11%10.12%6.61%
Net Profit Margin
4.61%6.24%3.33%1.80%6.61%2.95%3.75%4.74%9.35%10.01%10.12%6.61%
Effective Tax Rate
0.00%0.00%-0.04%0.02%0.00%0.00%7.95%-5.83%-2.84%N/AN/A0.00%
Return on Assets
17.12%18.67%10.38%5.49%18.89%6.57%6.9%11.41%21.67%16.58%32.43%18.89%
Return On Equity
30.12%30.80%17.47%9.75%28.69%12.77%16.43%24.69%99785.68%35.67%N/A12.77%
Return on Capital Employed
26.14%28.32%14.64%10.62%27.28%15.13%13.02%21.63%35.72%22.54%53.32%27.28%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.62N/A
Quick Ratio
0.761.030.780.540.680.560.640.480.521.260.360.56
Cash ratio
0.210.380.240.010.150.000.030.000.000.690.000.00
Days of Sales Outstanding
19.3921.2421.5819.2519.1624.0025.4922.6122.0122.6015.9324.00
Days of Inventory outstanding
29.7828.0332.4938.0536.9351.8864.1862.3375.6042.0955.1936.93
Operating Cycle
49.1749.2854.0857.3156.0975.8889.6784.9597.6164.6959.1256.09
Days of Payables Outstanding
1.161.561.461.932.335.081.381.261.264.360.925.08
Cash Conversion Cycle
48.0147.7152.6255.3753.7570.8088.2883.6896.3560.3328.6270.80
Debt Ratios
Debt Ratio
0.000.000.000.070.000.170.130.110.080.030.470.00
Debt Equity Ratio
0.010.010.010.130.000.330.330.24406.570.07N/A0.33
Long-term Debt to Capitalization
0.010.010.000.060.000.120.150.100.99N/AN/A0.12
Total Debt to Capitalization
0.010.010.010.120.000.250.240.190.990.07N/A0.25
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A34.25N/A
Cash Flow to Debt Ratio
48.1328.8723.100.7646.53-0.110.440.650.998.030.15-0.11
Company Equity Multiplier
1.751.641.681.771.511.942.382.164.60K2.15N/A1.94
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.060.040.010.07-0.000.030.030.030.170.00-0.00
Free Cash Flow / Operating Cash Flow Ratio
0.740.780.61-0.950.734.000.670.250.710.17-1.404.00
Cash Flow Coverage Ratio
48.1328.8723.100.7646.53-0.110.440.650.998.030.15-0.11
Short Term Coverage Ratio
758.20418.39304.701.62491.85-0.191.001.321.478.031.651.65
Dividend Payout Ratio
54.82%65.56%119.49%139.56%19.61%138.52%60.51%33.66%25.70%51.80%N/A138.52%