Firsthand Technology Value Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
10.47-4.44-2.332.494.04-0.71-1.35-3.74-0.10-0.07-0.10-0.10
Price/Sales ratio
9.02-4.07-2.482.232.86-0.64-1.41-4.35-0.10-0.26-0.10-0.10
Price/Book Value ratio
0.790.350.380.370.410.360.300.290.211.640.160.36
Price/Cash Flow ratio
3.41-1.3018.17-90.0237.60-0.5115.48-37.97K1.91K-3.23K2.01K37.60
Price/Free Cash Flow ratio
3.41-1.3018.17-90.0237.60-0.5115.48-37.97K1.91K-3.23K2.01K37.60
Price/Earnings Growth ratio
-0.150.02-0.02-0.01-0.170.000.020.05-0.000.00-0.00-0.17
Dividend Yield
31.74%1.12%4.53%1.48%0.30%0.43%10.39%20.79%175.94%0.30%N/A0.43%
Profitability Indicator Ratios
Gross Profit Margin
13.09%100%115.31%82.87%73.00%92.41%111.01%141.55%102.81%76.11%N/A92.41%
Operating Profit Margin
-28.93%18.97%16.51%-9.65%-33.42%88.80%104.61%116.28%101.69%82.77%N/A-33.42%
Pretax Profit Margin
86.10%91.71%106.16%89.38%68.92%88.80%104.61%116.28%101.69%379.07%101.82%68.92%
Net Profit Margin
86.10%91.71%106.16%89.38%70.84%89.55%104.61%116.28%101.69%379.07%101.82%70.84%
Effective Tax Rate
N/AN/A100%100%-2.78%-0.84%65.82%100.00%100.00%N/AN/A-2.78%
Return on Assets
6.06%-8.00%-16.40%14.80%9.36%-49.28%-21.28%-7.19%-159.54%-333.19%-126.20%-49.28%
Return On Equity
7.62%-8.05%-16.56%15.04%10.37%-50.77%-22.46%-7.79%-209.55%-2328.61%-89.25%-50.77%
Return on Capital Employed
-2.56%-1.66%-2.57%-1.62%-4.68%-51.78%-25.95%-9.09%-213.32%88.18%N/A-4.68%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
1.334.77109.1764.3118.6719.676.846.671.350.56N/A19.67
Cash ratio
1.280.701.370.030.990.510.000.360.000.00N/A0.51
Days of Sales Outstanding
53.66-81.30-12.8922.3530.05-12.70-95.32-659.85-0.08N/A-7.25-7.25
Days of Inventory outstanding
N/AN/A-15.42K-12.86K-10.81K9.48K-19.22K-18.25K-2.82KN/AN/A-10.81K
Operating Cycle
53.66N/A-15.43K-12.84K-10.78K9.47K-19.31K-18.91K-2.82KN/AN/A-10.78K
Days of Payables Outstanding
865.49N/A40.57N/A17.63N/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
-811.83N/A-15.47K-12.84K-10.80K9.47K-19.31K-18.91K-2.82KN/AN/A-10.80K
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.19N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.24N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
1.251.001.001.011.101.031.051.081.316.981.241.10
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
2.633.12-0.13-0.020.071.23-0.090.00-0.000.00-0.001.23
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
332.57%-4.99%-10.60%3.71%1.23%-0.30%-14.03%-77.92%-17.88%-0.02%N/AN/A