Waterstone Financial
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
34.5024.8119.4818.0314.9113.795.677.3319.3630.5318.3214.91
Price/Sales ratio
3.482.862.982.722.712.751.572.042.392.881.482.75
Price/Book Value ratio
0.971.041.211.131.141.251.111.191.010.830.721.25
Price/Cash Flow ratio
-198.23-31.65-20.674.3711.04-12.31-4.913.361.82-10.3732.5811.04
Price/Free Cash Flow ratio
-105.47-25.76-19.784.4312.21-11.42-4.853.371.83-10.1241.8312.21
Price/Earnings Growth ratio
-2.960.490.3016.950.830.590.04-0.71-0.27-0.640.170.59
Dividend Yield
1.13%1.42%1.39%5.75%5.89%5.24%6.84%5.85%8.02%5.36%4.47%5.24%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%100%100%
Operating Profit Margin
15.81%18.01%25.15%25.82%23.83%26.48%36.91%36.24%15.51%11.12%31.10%23.83%
Pretax Profit Margin
15.81%18.01%25.15%25.82%23.83%26.48%36.91%36.24%15.51%11.12%9.80%26.48%
Net Profit Margin
10.11%11.56%15.29%15.08%18.19%19.98%27.70%27.85%12.35%9.44%7.66%19.98%
Effective Tax Rate
36.04%35.82%39.20%41.56%23.64%24.53%24.94%23.14%20.39%15.01%21.87%24.53%
Return on Assets
0.71%0.94%1.42%1.43%1.60%1.79%3.71%3.19%0.95%0.42%0.59%1.79%
Return On Equity
2.82%4.22%6.21%6.30%7.69%9.11%19.64%16.35%5.25%2.72%3.95%9.11%
Return on Capital Employed
1.11%1.46%2.43%2.50%2.27%2.57%5.01%4.16%1.32%0.49%2.43%2.27%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
N/AN/A3.806.601.661.598.12108.351.25N/AN/A1.59
Cash ratio
N/AN/A0.310.900.410.402.6172.540.19N/AN/A0.40
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.240.190.160.200.220.230.220.210.180.130.180.23
Debt Equity Ratio
0.960.890.710.901.071.191.201.091.040.871.231.07
Long-term Debt to Capitalization
0.490.470.350.450.510.540.530.520.350.460.310.54
Total Debt to Capitalization
0.490.470.410.470.510.540.540.520.510.460.550.51
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A4.32N/AN/AN/A0.94N/A
Cash Flow to Debt Ratio
-0.00-0.03-0.080.280.09-0.08-0.180.320.53-0.090.01-0.08
Company Equity Multiplier
3.964.494.364.384.795.075.285.125.486.436.564.79
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.01-0.09-0.140.620.24-0.22-0.310.601.30-0.270.04-0.22
Free Cash Flow / Operating Cash Flow Ratio
1.871.221.040.980.901.071.010.990.991.020.821.07
Cash Flow Coverage Ratio
-0.00-0.03-0.080.280.09-0.08-0.180.320.53-0.090.01-0.08
Short Term Coverage Ratio
N/AN/A-0.373.05N/AN/A-3.2230.891.11N/A0.02N/A
Dividend Payout Ratio
39.29%35.41%27.09%103.80%87.95%72.30%38.84%42.92%155.28%163.87%85.29%85.29%