W.T.B. 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
10.9110.9912.5421.559.6811.7411.099.757.5213.8916.779.68
Price/Sales ratio
2.322.412.773.462.693.032.382.592.172.261.503.03
Price/Book Value ratio
1.021.091.301.691.331.401.051.170.980.860.831.40
Price/Cash Flow ratio
4.5311.2116.0213.888.209.137.767.537.106.67N/A9.13
Price/Free Cash Flow ratio
4.9612.8318.8318.359.4214.218.8319.637.647.07N/A14.21
Price/Earnings Growth ratio
-5.810.990.97-1.120.0938.18-1.430.310.50-0.271.450.09
Dividend Yield
1.44%1.39%1.17%0.94%1.46%1.82%2.21%2.43%3.04%2.38%2.41%1.46%
Profitability Indicator Ratios
Gross Profit Margin
100%100%97.35%99.09%95.84%93.02%86.41%95.06%101.97%144.62%87.61%93.02%
Operating Profit Margin
34.48%34.55%35.03%34.76%35.75%33.35%28.36%35.53%38.09%22.79%13.43%33.35%
Pretax Profit Margin
32.82%33.15%33.93%33.85%34.94%33.08%27.58%33.99%36.99%20.78%11.35%33.08%
Net Profit Margin
21.32%22.00%22.10%16.06%27.78%25.81%21.50%26.56%28.94%16.31%8.97%25.81%
Effective Tax Rate
34.37%33.41%34.87%52.54%20.47%21.97%22.04%21.84%21.76%21.49%20.97%20.47%
Return on Assets
0.86%0.87%0.91%0.66%1.26%1.16%0.77%0.90%1.09%0.48%0.41%1.16%
Return On Equity
9.38%9.95%10.42%7.87%13.78%11.96%9.46%12.00%13.15%6.22%5.03%11.96%
Return on Capital Employed
1.40%1.36%3.12%3.34%3.73%3.44%2.57%3.03%3.65%0.68%0.61%3.44%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
44.0957.330.140.240.230.180.290.320.0943.12N/A0.18
Cash ratio
44.0957.330.020.020.020.150.260.300.0620.90N/A0.15
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A38.2526.27N/A
Days of Inventory outstanding
N/AN/AN/AN/AN/A-1.42K-988.56-1.68K7.14KN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/A-1.42K-988.56-1.68K7.14K38.2526.2726.27
Days of Payables Outstanding
N/AN/AN/A88.8661.2818.405.1113.00-17.40-128.82146.8761.28
Cash Conversion Cycle
N/AN/AN/A-88.86-61.28-1.44K-993.67-1.70K7.16K167.07-120.59-120.59
Debt Ratios
Debt Ratio
N/AN/A0.03N/AN/AN/AN/A0.00N/A0.19N/AN/A
Debt Equity Ratio
N/AN/A0.42N/AN/AN/AN/A0.02N/A2.51N/AN/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.02N/A0.68N/AN/A
Total Debt to Capitalization
N/AN/A0.29N/AN/AN/AN/A0.02N/A0.71N/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.31N/A
Cash Flow to Debt Ratio
N/AN/A0.19N/AN/AN/AN/A6.45N/A0.05N/AN/A
Company Equity Multiplier
10.8011.4211.4311.7710.8810.3012.2013.3312.0312.7512.0010.88
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.510.210.170.240.320.330.300.340.300.33N/A0.33
Free Cash Flow / Operating Cash Flow Ratio
0.910.870.850.750.870.640.870.380.920.94N/A0.64
Cash Flow Coverage Ratio
N/AN/A0.19N/AN/AN/AN/A6.45N/A0.05N/AN/A
Short Term Coverage Ratio
N/AN/A0.19N/AN/AN/AN/AN/AN/A0.34N/AN/A
Dividend Payout Ratio
15.82%15.37%14.75%20.47%14.15%21.45%24.59%23.79%22.89%33.19%N/A21.45%