| ← Back to Cover | |||||||||
| FINANCIAL RATIOS & KEY PERFORMANCE INDICATORS | |||||||||
| Comprehensive profitability, leverage, liquidity & efficiency metrics | |||||||||
| Historical | Projected | ||||||||
| Metric | FY2023 | FY2024 | FY2025 | FY2026 | FY2027 | FY2028 | FY2029 | FY2030 | |
| PROFITABILITY RATIOS | |||||||||
| Gross Margin | 42.0% | 42.5% | 43.0% | 43.5% | 44.0% | 44.5% | 45.0% | 45.5% | |
| EBITDA Margin | 16.0% | 17.0% | 18.0% | 19.2% | 20.4% | 21.7% | 22.9% | 23.8% | |
| Operating Margin (EBIT) | 12.0% | 13.0% | 14.0% | 15.2% | 16.5% | 17.9% | 19.2% | 20.2% | |
| Net Profit Margin | 7.1% | 8.1% | 9.1% | 10.3% | 11.5% | 12.7% | 14.0% | 14.9% | |
| Return on Assets (ROA) | 5.9% | 7.4% | 8.7% | 10.4% | 12.2% | 14.0% | 15.7% | 16.9% | |
| Return on Equity (ROE) | 18.0% | 20.8% | 22.8% | 24.9% | 26.3% | 27.0% | 27.0% | 26.3% | |
| Return on Invested Capital (ROIC) | 11.7% | 13.5% | 15.1% | 17.3% | 19.9% | 23.0% | 25.9% | 28.5% | |
| LEVERAGE RATIOS | |||||||||
| Debt / Equity | 1.4x | 1.2x | 1.0x | 0.8x | 0.6x | 0.5x | 0.3x | 0.2x | |
| Total Debt / EBITDA | 3.3x | 2.7x | 2.2x | 1.8x | 1.4x | 1.0x | 0.7x | 0.5x | |
| Net Debt / EBITDA | 2.4x | 2.0x | 1.7x | 1.3x | 0.9x | 0.5x | 0.2x | -0.1x | |
| Interest Coverage (EBITDA / Interest) | 5.3x | 6.5x | 7.9x | 10.8x | 13.9x | 18.3x | 27.5x | 38.9x | |
| Debt / Total Capitalization | 57.7% | 54.1% | 50.2% | 44.9% | 38.9% | 31.7% | 24.5% | 16.9% | |
| LIQUIDITY RATIOS | |||||||||
| Current Ratio | 1.8x | 1.7x | 1.6x | 1.5x | 1.5x | 1.6x | 1.7x | 1.8x | |
| Quick Ratio | 1.4x | 1.3x | 1.2x | 1.2x | 1.2x | 1.2x | 1.4x | 1.5x | |
| Cash Ratio | 0.7x | 0.6x | 0.5x | 0.4x | 0.4x | 0.5x | 0.6x | 0.7x | |
| EFFICIENCY & ACTIVITY RATIOS | |||||||||
| Asset Turnover | 0.8x | 0.9x | 1.0x | 1.0x | 1.1x | 1.1x | 1.1x | 1.1x | |
| Days Sales Outstanding (DSO) | 48 | 47 | 46 | 45 | 44 | 43 | 42 | 42 | |
| Days Inventory Outstanding (DIO) | 55 | 53 | 52 | 50 | 49 | 48 | 47 | 46 | |
| Days Payable Outstanding (DPO) | 40 | 41 | 42 | 43 | 44 | 45 | 45 | 46 | |
| Cash Conversion Cycle (Days) | 63 | 59 | 56 | 52 | 49 | 46 | 44 | 42 | |
| CASH FLOW METRICS | |||||||||
| Free Cash Flow ($mm) | 26.7 | 32.0 | 39.5 | 50.5 | 61.3 | 75.1 | 88.9 | 101.4 | |
| FCF Margin (%) | 6.1% | 6.7% | 7.7% | 9.2% | 10.3% | 11.7% | 12.9% | 13.8% | |
| FCF Conversion (FCF / Net Income) | 85.9% | 82.3% | 85.1% | 89.3% | 89.9% | 92.0% | 92.6% | 92.5% | |
| Capex / Revenue (%) | 5.0% | 5.0% | 5.0% | 5.0% | 4.8% | 4.6% | 4.5% | 4.4% | |
| GROWTH METRICS | |||||||||
| Revenue Growth (%) | 8.4% | 6.9% | 7.8% | 8.2% | 8.1% | 7.0% | 6.8% | ||
| EBITDA Growth (%) | 15.2% | 13.2% | 15.0% | 14.9% | 15.0% | 12.9% | 11.0% | ||
| Net Income Growth (%) | 24.8% | 19.4% | 22.0% | 20.6% | 19.7% | 17.6% | 14.2% | ||
| Notes: | |||||||||
| - All ratios are formula-driven from the three financial statements and supporting schedules | |||||||||
| - ROIC uses after-tax EBIT / (Equity + Debt - Cash) as invested capital | |||||||||