VEREIT
Financial ratios & Valuation

Historical Multiples (2014 – 2020)

2014 2015 2016 2017 2018 2019 2020 TTM Median
Valuation Ratios
Price/Earnings ratio
-7.11-22.61-40.23238.48-81.19-29.9640.93111.25174.86
Price/Sales ratio
4.394.595.416.055.537.277.0822.065.73
Price/Book Value ratio
0.750.830.930.960.971.311.204.770.94
Price/Cash Flow ratio
13.818.259.849.5614.10-83.6411.7822.989.70
Price/Free Cash Flow ratio
15.228.4510.089.8414.79-61.1112.2623.119.96
Price/Earnings Growth ratio
0.150.311.00-2.060.21-0.11-0.250.16-0.95
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
87.08%90.54%88.47%89.72%89.94%89.51%89.41%93.66%89.10%
Operating Profit Margin
15.49%23.47%23.22%24.61%29.14%39.81%45.20%19.58%26.88%
Pretax Profit Margin
-64.01%-23.12%-14.05%4.66%-6.88%-24.47%17.71%19.58%-4.69%
Net Profit Margin
-61.87%-20.33%-13.46%2.54%-6.81%-24.27%17.31%19.83%-5.46%
Effective Tax Rate
79.42%10.08%1.80%11.78%-5.88%-1.40%2.19%-1.25%5.26%
Return on Assets
-4.76%-1.81%-1.25%0.21%-0.61%-2.26%1.50%2.23%-0.52%
Return On Equity
-10.67%-3.71%-2.31%0.40%-1.19%-4.39%2.95%4.33%-0.95%
Return on Capital Employed
1.42%2.33%2.28%2.17%2.77%4.11%4.00%2.24%2.20%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/A2.90N/A
Quick Ratio
0.220.250.841.040.490.284.542.700.94
Cash ratio
0.120.030.310.060.040.002.531.220.19
Days of Sales Outstanding
55.8168.4481.7786.5686.4190.79104.3083.2286.49
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
55.8168.4481.7786.5686.4190.79104.3020.5286.49
Days of Payables Outstanding
17.947.1110.957.287.715.005.626.237.50
Cash Conversion Cycle
37.8761.3270.8279.2778.7085.7898.6876.9878.98
Debt Ratios
Debt Ratio
0.510.460.400.410.430.420.450.470.41
Debt Equity Ratio
1.140.940.750.770.850.830.890.920.76
Long-term Debt to Capitalization
0.440.430.410.420.440.400.470.460.41
Total Debt to Capitalization
0.530.480.420.430.450.450.47N/A0.44
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A1.09N/A
Cash Flow to Debt Ratio
0.040.100.120.130.08-0.010.11N/A0.10
Company Equity Multiplier
2.242.041.841.861.951.941.951.921.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.310.550.550.630.39-0.080.600.960.59
Free Cash Flow / Operating Cash Flow Ratio
0.900.970.970.970.951.360.960.990.97
Cash Flow Coverage Ratio
0.040.100.120.130.08-0.010.11N/A0.10
Short Term Coverage Ratio
0.150.591.614.281.22-0.10N/AN/A2.75
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A