Levi Strauss & Co. Financial Ratios — LEVI Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	27.63	25.91	32.95	-10.48	42.74	35.85	14.47	12.3	32.39
Return on Assets (%)	- -	14.52	9.91	8.87	8.21	10.15	-2.58	9.59	9.53	4.13	3.39	8.74
Return on Capital (%)	- -	67	24.64	15.98	14.44	20.06	- -	16.63	15.76	7.58	6.44	15.29
Return on Invested Capital (%)	- -	38.56	20.59	22	15.67	20.09	- -	16.45	14.6	10.44	12.72	12.43
Gross Margin (%)	49.4	50.48	51.16	52.26	53.77	53.81	52.84	58.06	57.53	57.53	60.63	61.73
EBITDA Margin (%)	11.61	12.17	12.43	12.18	11.85	11.98	5.33	14.39	13.39	10.79	12.57	14.5
Operating Margin (%)	9.3	9.9	10.15	9.79	9.69	9.83	2.15	11.91	10.82	7.96	9.37	11.22
Incremental Operating Margin (%)	- -	-1.1	29.34	5.08	8.99	14	35.94	45.04	-4.69	61.96	52.82	55.76
Pretax Margin (%)	3.24	6.91	8.95	7.11	8.97	8.29	-4.26	10.07	10.53	4.56	3.61	10.09
Profit Margin (%)	2.23	4.66	6.39	5.74	5.08	6.85	-2.86	9.6	9.23	4.27	3.49	9.2
Net Income to Common Margin (%)	2.23	4.66	6.39	5.74	5.08	6.85	-2.86	9.6	9.23	4.27	3.49	9.2
Effective Tax Rate (%)	32.2	32.38	28.5	18.41	42.95	17.3	- -	4.6	12.39	5.9	3.31	20.82
Dvd Payout Ratio (%)	29.26	23.77	20.59	24.33	31.32	28.81	-50.05	18.86	30.63	76.02	94.34	42.41
Sustainable Growth Rate (%)	- -	- -	- -	20.91	17.79	23.45	-15.73	34.68	24.87	3.47	0.7	18.65

Credit (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	1,165	1,061	1,077	1,052	1,014	2,660	2,242	2,091	2,180	2,190	2,306
ST Debt	- -	148	39	38	32	8	255	251	247	258	253	261
LT Debt	- -	1,017	1,022	1,039	1,020	1,007	2,405	1,990	1,844	1,922	1,937	2,045
Total Debt/EBITDA	- -	2.13	1.87	1.8	1.59	1.47	11.2	2.7	2.53	3.46	2.89	2.53
Net Debt/EBITDA	- -	1.52	1.18	0.74	0.51	0.12	0.28	0.26	0.69	0.99	0.41	0.31
Total Debt/EBIT	- -	2.62	2.29	2.24	1.95	1.79	27.81	3.27	3.13	4.69	3.87	3.27
Net Debt/EBIT	- -	1.87	1.45	0.92	0.63	0.14	0.7	0.32	0.85	1.34	0.55	0.4
EBITDA to Interest Expense	4.69	6.74	7.74	8.71	11.95	10.42	2.89	11.38	32.14	13.73	18.14	18.74
EBITDA-CapEx/Interest Expense	4.07	5.45	6.33	6.98	9.06	7.78	1.3	9.09	21.75	6.9	12.7	14.19
EBIT to Interest Expense	3.76	5.48	6.32	7	9.77	8.55	1.16	9.41	25.96	10.13	13.52	14.5
Interest Expense	118	81	73	69	55	66	82	73	26	46	42	49
Common Equity/Total Assets	- -	-13.13	31.32	32.8	30.62	30.97	19.76	25	28.15	28.92	26.23	27.71
Long-Term Debt/Equity (%)	- -	253.9	172.83	125.25	105.55	64.06	185.07	119.48	96.84	93.95	98.3	89.74
Long-Term Debt/Capital (%)	- -	129.13	51.13	47.57	47.58	43.15	63.72	53.55	48.63	48.9	50.15	48.65
Long-Term Debt/Total Assets (%)	- -	35.27	34.2	30.94	28.8	23.79	42.63	33.73	30.53	31.76	30.38	29.86
Total Debt/Equity (%)	- -	290.75	179.41	129.89	108.85	64.55	204.68	134.57	109.84	106.55	111.13	101.18
Total Debt/Capital (%)	- -	147.87	53.08	49.33	49.07	43.47	70.47	60.31	55.16	55.47	56.7	54.85
Total Debt/Total Assets (%)	- -	40.38	35.5	32.08	29.7	23.97	47.15	37.99	34.63	36.02	34.35	33.66
Net Debt to Equity	- -	208.16	113.28	53.49	35.07	5.1	5.17	12.99	29.76	30.45	15.71	12.35
Net Debt/Capital (%)	- -	177.75	41.27	28.62	23.69	5.73	2.95	7.44	16.86	17.64	9.76	8.16
EBITDA	552	547	566	597	661	691	237	829	826	630	758	911
EBITDA-CapEx	478	443	463	479	501	515	107	662	559	317	531	690
Operating Income (Loss)	442	445	462	480	540	567	96	686	667	465	565	705

Liquidity (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.38	0.49	0.72	0.68	0.87	1.03	0.48	0.25	0.22	0.34	0.42
Current Ratio	- -	1.81	2.21	2.27	2.17	2.46	2.02	1.45	1.43	1.48	1.42	1.55
Quick Ratio	- -	0.97	1.12	1.27	1.19	1.54	1.38	0.86	0.6	0.64	0.7	0.8
CFO/Avg Current Liab	- -	0.52	0.38	0.64	0.44	0.37	0.35	0.43	0.12	0.23	0.47	0.26
Common Equity/Total Assets	- -	-13.13	31.32	32.8	30.62	30.97	19.76	25	28.15	28.92	26.23	27.71
Long-Term Debt/Equity (%)	- -	253.9	172.83	125.25	105.55	64.06	185.07	119.48	96.84	93.95	98.3	89.74
Long-Term Debt/Capital (%)	- -	129.13	51.13	47.57	47.58	43.15	63.72	53.55	48.63	48.9	50.15	48.65
Long-Term Debt/Total Assets (%)	- -	35.27	34.2	30.94	28.8	23.79	42.63	33.73	30.53	31.76	30.38	29.86
Total Debt/Equity (%)	- -	290.75	179.41	129.89	108.85	64.55	204.68	134.57	109.84	106.55	111.13	101.18
Total Debt/Capital (%)	- -	147.87	53.08	49.33	49.07	43.47	70.47	60.31	55.16	55.47	56.7	54.85
Total Debt/Total Assets (%)	- -	40.38	35.5	32.08	29.7	23.97	47.15	37.99	34.63	36.02	34.35	33.66
CFO/Total Liabilities	- -	8.79	12.79	20.8	16.32	15.49	10.82	17.41	5.52	10.87	20.4	11.59
CFO/CapEx	3.17	2.09	2.98	4.43	2.64	2.35	3.6	4.42	0.85	1.39	3.95	2.39
Altman's Z-Score	- -	2.4	3.14	3.04	3.17	4.38	2.55	3.58	3.14	2.9	2.85	3.12

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	18.04	9.32	10.17	10.94	8.75	6.73	9.24	8.78	8.06	8.25	8.46
Days Sales Outstanding	- -	20.23	39.17	35.89	33.38	41.71	54.23	39.51	41.56	45.29	44.25	43.13
Inventory Turnover	- -	7.33	3.36	3.17	3.14	3.01	2.47	2.82	2.26	1.83	1.96	2.03
Days Inventory Outstanding	- -	49.76	108.58	115.02	116.35	121.22	147.92	129.54	161.25	199.08	186.07	179.83
Accounts Payable Turnover	- -	23.77	9.17	8.52	8.43	7.48	5.53	5.55	5.31	3.84	3.6	3.98
Accounts Payable Turnover Days	- -	15.36	39.78	42.84	43.29	48.79	66.04	65.78	68.73	94.95	101.4	91.66
Cash Conversion Cycle	- -	54.64	107.97	108.07	106.44	114.14	136.11	103.26	134.08	149.42	128.93	131.3
Inventory to Cash Days	- -	-29.54	-69.41	-79.13	-82.97	-79.51	-93.69	-90.03	-119.7	-153.8	-141.82	-136.7
Inventories	- -	607	716	759	884	884	818	898	1,417	1,290	1,131	1,238
Raw Materials	- -	3	2	4	4	5	4	9	12	15	- -	- -
Work In Process	- -	3	3	3	3	3	5	4	5	4	- -	- -
Finished Goods	- -	600	711	753	877	876	809	885	1,400	1,271	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,131	1,238

Enterprise Value (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	6,529	7,307	10,270	6,568	6,153	6,953	8,713
- Cash & Cash Equivalents	- -	319	376	634	713	934	1,497	810	430	399	690	758
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	2	2	5	7	8	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	1,165	1,061	1,077	1,052	1,014	2,660	2,242	2,091	2,180	2,190	2,306
Enterprise Value	- -	848	687	449	346	6,536	8,373	11,610	8,159	7,934	8,453	10,170
Total Capital	- -	788	1,998	2,184	2,144	2,333	3,774	3,717	3,791	3,931	3,862	4,203
Total Debt/Capital (%)	- -	147.87	53.08	49.33	49.07	43.47	70.47	60.31	55.16	55.47	56.7	54.85
Total Debt / EV	- -	1.37	1.54	2.4	3.04	0.16	0.32	0.19	0.26	0.27	0.26	0.23
EV/Sales	- -	0.19	0.15	0.09	0.06	1.13	1.88	2.01	1.32	1.36	1.4	1.62
EV/EBITDA	- -	1.55	1.21	0.75	0.52	9.46	35.27	14	9.88	12.59	11.15	11.16
EV/EBIT	- -	1.9	1.49	0.94	0.64	11.53	87.56	16.92	12.23	17.07	14.96	14.43
EV/Cash Flow to Firm	- -	3.1	1.91	0.77	0.77	14	15.96	14.39	32.56	16.58	9	17.9
EV/Free Cash Flow to Firm	- -	2.24	1.49	0.64	0.57	10.18	12.78	11.92	15.76	10.01	7.25	12.88
Diluted Market Cap	- -	- -	- -	- -	- -	6,852	7,307	10,478	6,676	6,223	7,025	8,806
Diluted Enterprise Value	- -	848	687	449	346	6,941	8,469	11,909	8,337	8,004	8,525	10,354
EV per Share	- -	2.25	1.78	1.19	0.92	16.8	21.07	28.91	20.53	19.98	21.23	25.71
TTM Sales	4,754	4,494	4,553	4,904	5,575	5,763	4,453	5,764	6,169	5,842	6,032	6,282
TTM EBITDA	552	547	566	597	661	691	237	829	826	630	758	911
TTM Operating Income	442	445	462	480	540	567	96	686	667	465	565	705
TTM Cash Flow to Firm	313	273	359	582	452	467	525	807	251	479	939	568
TTM Free Cash Flow to Firm	386	378	462	701	611	642	655	974	518	792	1,166	789

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	11.66	12.18	11.59	13.48	8.31	6.24	11.73
EV/EBIT	- -	1.9	1.49	0.94	0.64	11.53	87.56	16.92	12.23	17.07	14.96	14.43
Enterprise Value	- -	848	687	449	346	6,536	8,373	11,610	8,159	7,934	8,453	10,170
Low Price	- -	- -	- -	- -	- -	16	9.09	18.35	13.57	12.42	14.71	12.17
EV/Sales	- -	0.19	0.15	0.09	0.06	1.13	1.88	2.01	1.32	1.36	1.4	1.62
EV/EBITDA	- -	1.55	1.21	0.75	0.52	9.46	35.27	14	9.88	12.59	11.15	11.16
Price/Earnings	- -	- -	- -	- -	- -	16.54	- -	18.55	11.54	24.65	33.02	15.07
Price/Earnings Average	- -	- -	- -	- -	- -	19.4	-47.38	18.36	13.26	24.08	35.65	12.93
Price/Earnings High	- -	- -	- -	- -	- -	24.16	-64.72	22.38	18.66	30.81	46.03	16.98
Price/Earnings Low	- -	- -	- -	- -	- -	15.78	-28.41	13.32	9.47	19.76	27.82	8.33
Price/Book Value	- -	- -	- -	- -	- -	4.98	6.55	6.96	3.86	3.51	4.16	4.59
Price/Book Value Average	- -	- -	- -	- -	- -	5.84	5.4	6.89	4.44	3.43	4.49	3.94
Price/Book Value High	- -	- -	- -	- -	- -	7.27	7.38	8.4	6.25	4.39	5.8	5.17
Price/Book Value Low	- -	- -	- -	- -	- -	4.75	3.24	5	3.17	2.82	3.5	2.54
Price/Tangible Book Value	- -	- -	- -	- -	- -	5.05	7.4	10.4	5.25	4.17	4.65	4.83
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	5.92	6.1	10.29	6.03	4.07	5.02	4.14
Price/Tangible Book Value High	- -	- -	- -	- -	- -	7.37	8.33	12.54	8.49	5.21	6.48	5.44
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	4.81	3.66	7.46	4.31	3.34	3.92	2.67
Price/Sales	- -	- -	- -	- -	- -	1.13	1.64	1.78	1.06	1.05	1.15	1.39
Price/Sales Average	- -	- -	- -	- -	- -	1.33	1.35	1.76	1.22	1.03	1.24	1.19
Price/Sales High	- -	- -	- -	- -	- -	1.65	1.85	2.15	1.72	1.32	1.61	1.56
Price/Sales Low	- -	- -	- -	- -	- -	1.08	0.81	1.28	0.87	0.84	0.97	0.77
Price/Cash Flow	- -	- -	- -	- -	- -	15.84	15.56	13.93	28.79	14.13	7.74	16.45
Price/Cash Flow Average	- -	- -	- -	- -	- -	18.57	12.83	13.79	33.07	13.8	8.36	14.11
Price/Cash Flow High	- -	- -	- -	- -	- -	23.13	17.52	16.8	46.56	17.66	10.79	18.54
Price/Cash Flow Low	- -	- -	- -	- -	- -	15.1	7.69	10	23.64	11.33	6.52	9.09
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	13.67	10.04	11.47	15.48	8.11	6.74	10.06
Price/Free Cash Flow High	- -	- -	- -	- -	- -	17.03	13.71	13.98	21.8	10.38	8.7	13.21
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	11.12	6.02	8.32	11.07	6.66	5.26	6.48
EV/Sales Average	- -	0.19	0.15	0.09	0.06	1.34	1.61	2.01	1.49	1.33	1.49	1.44
EV/Sales High	- -	0.19	0.15	0.09	0.06	1.67	2.11	2.4	1.99	1.62	1.86	1.81
EV/Sales Low	- -	0.19	0.15	0.09	0.06	1.1	1.07	1.53	1.14	1.15	1.22	1.01
EV/EBITDA Average	- -	1.55	1.21	0.75	0.52	11.21	30.27	13.98	11.14	12.36	11.88	9.9
EV/EBITDA High	- -	1.55	1.21	0.75	0.52	13.93	39.55	16.66	14.87	15.03	14.76	12.48
EV/EBITDA Low	- -	1.55	1.21	0.75	0.52	9.14	20.11	10.61	8.54	10.66	9.7	6.98
EV/EBIT Average	- -	1.9	1.49	0.94	0.64	13.66	75.15	16.9	13.8	16.76	15.94	12.8
EV/EBIT High	- -	1.9	1.49	0.94	0.64	16.98	98.21	20.14	18.41	20.37	19.8	16.13
EV/EBIT Low	- -	1.9	1.49	0.94	0.64	11.14	49.93	12.83	10.57	14.44	13.02	9.03
Last Price	- -	- -	- -	- -	- -	16.78	18.39	25.57	16.53	15.49	17.46	22.03
High Price	- -	- -	- -	- -	- -	24.5	20.71	30.84	26.73	19.36	24.34	24.82
Enterprise Value Average	- -	848	687	449	346	7,742	7,187	11,595	9,206	7,791	9,009	9,022
Enterprise Value High	- -	848	687	449	346	9,621	9,391	13,818	12,282	9,472	11,193	11,365
Enterprise Value Low	- -	848	687	449	346	6,313	4,774	8,801	7,053	6,715	7,358	6,361

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	385	385	385	385	394	398	400	394	397	395	390
Diluted Weighted Avg Shares	393	393	385	393	393	408	397	410	404	402	402	400
Basic Weighted Avg Shares	377	377	385	377	377	389	397	402	397	397	398	396
Revenue per Share	12.61	11.92	11.81	13.01	14.79	14.81	11.21	14.35	15.52	14.71	15.15	15.88
EBITDA per Share	1.46	1.45	1.47	1.58	1.75	1.77	0.6	2.07	2.08	1.59	1.9	2.3
Operating Income per Share	1.17	1.18	1.2	1.27	1.43	1.46	0.24	1.71	1.68	1.17	1.42	1.78
Basic EPS, GAAP	0.28	0.56	0.76	0.75	0.75	1.01	-0.32	1.38	1.43	0.63	0.53	1.46
Basic EPS from Cont Ops	0.28	0.56	0.76	0.75	0.76	1.02	-0.32	1.38	1.43	0.63	0.53	1.27
Diluted EPS, GAAP	0.27	0.53	0.76	0.72	0.72	0.97	-0.32	1.35	1.41	0.62	0.52	1.45
Diluted EPS from Cont Ops	0.27	0.53	0.76	0.72	0.73	0.97	-0.32	1.35	1.41	0.62	0.52	1.26
Dividend per Share	0.08	0.13	0.16	0.19	0.24	0.29	0.16	0.26	0.44	0.48	0.5	0.54
Cash Flow per Share	0.62	0.58	0.8	1.39	1.11	1.06	1.18	1.84	0.57	1.1	2.26	1.34
Free Cash Flow per Basic Share	0.42	0.3	0.53	1.08	0.69	0.61	0.85	1.42	-0.1	0.31	1.68	0.78
Cash & Equivalents per Share	- -	0.84	0.97	1.68	1.89	2.61	4.01	2.25	1.26	1	1.73	2.15
Book Value per Share	- -	-1	2.43	2.92	2.88	3.37	2.81	3.67	4.28	4.41	4.2	4.8
Tangible Book Value per Share	- -	0.32	0.81	1.46	1.82	3.32	2.48	2.46	3.15	3.71	3.76	4.56

Levi Strauss & Co.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)