Puig Brands SA (PUGBY) Key Metrics
PUGBY key metrics, 2021–2025
Fiscal year ended December 31, 2025 · eurosPUGBY returns How much profit the business earns on the capital it uses.
PUGBY financial health Debt, liquidity and how easily interest is covered.
PUGBY efficiency & capital use Working capital cycle and where the cash goes.
PUGBY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PUGBY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PUGBY cash returned to shareholders
PUGBY key metrics in euros
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | 15.9% | 23.6% | 48.9% | 40.1% | 21.1% |
| Return on invested capital (ROIC) | 17.9% | 20.8% | 28.7% | 27.5% | 25.8% |
| Return on assets (ROA) | 6.9% | 6.5% | 6.3% | 6.5% | 4.3% |
| Return on tangible assets | 15.0% | 13.6% | 12.9% | 13.1% | 9.1% |
| Free cash flow margin | 13.1% | 11.5% | 8.8% | 7.4% | 16.8% |
| Income quality (OCF / net income) | 1.45 | 1.39 | 1.20 | 1.05 | 2.31 |
| Financial health | |||||
| Total debt | €718.3M | €1.13B | €1.79B | €1.66B | €826.6M |
| Cash & short-term investments | €1.04B | €882.6M | €852.9M | €710.0M | €692.7M |
| Net debt | −€318.1M | €247.3M | €935.9M | €952.3M | €133.9M |
| Debt / equity | 0.18 | 0.32 | 1.86 | 1.76 | 0.79 |
| Debt / assets | 0.08 | 0.13 | 0.23 | 0.23 | 0.16 |
| Net debt / EBITDA | −0.28 | 0.25 | 1.07 | 1.38 | — |
| Current ratio | 1.12 | 1.36 | 1.40 | 1.64 | 1.57 |
| Quick ratio | 0.82 | 0.96 | 0.92 | 1.11 | 1.20 |
| Interest coverage | 13.6 | 9.8 | 11.6 | 16.3 | 14.4 |
| Working capital | €279.3M | €650.2M | €663.3M | €761.7M | €554.0M |
| Invested capital | €3.59B | €3.78B | €1.90B | €1.90B | €1.18B |
| Tangible asset value | −€686.8M | −€1.17B | −€3.16B | −€3.11B | −€1.61B |
| Net current asset value | −€2.10B | −€2.61B | −€4.44B | −€4.21B | −€2.52B |
| Capital allocation | |||||
| Dividends paid | €213.8M | €192.5M | €181.3M | €132.0M | €20.5M |
| Share buybacks (net) | €0 | €357,000 | €108.4M | €0 | €0 |
| Dividend payout ratio | 36.0% | 36.3% | 39.0% | 33.0% | 9.3% |
| Dividends + buybacks / free cash flow | 32.4% | 35.1% | 76.5% | 49.2% | 4.7% |
| Capex / revenue | 3.9% | 4.0% | 4.1% | 4.2% | 3.0% |
| Capex / operating cash flow | 23.1% | 25.8% | 32.0% | 36.1% | 15.1% |
| Capex / depreciation | 0.84 | 0.91 | 1.02 | 1.05 | 0.72 |
| SG&A / revenue | 59.0% | 59.1% | 58.6% | 59.6% | 59.3% |
| Efficiency | |||||
| Days sales outstanding | 41.5 | 40.1 | 37.0 | 35.6 | 44.8 |
| Days of inventory on hand | 205.6 | 229.2 | 237.2 | 194.8 | 189.4 |
| Days payables outstanding | 69.0 | 67.1 | 75.6 | 79.8 | 86.9 |
| Cash conversion cycle (days) | 178.1 | 202.2 | 198.6 | 150.5 | 147.3 |
| Receivables turnover | 8.80 | 9.10 | 9.86 | 10.27 | 8.15 |
| Payables turnover | 5.29 | 5.44 | 4.83 | 4.57 | 4.20 |
| Inventory turnover | 1.78 | 1.59 | 1.54 | 1.87 | 1.93 |
| Asset turnover | 0.59 | 0.59 | 0.58 | 0.59 | 0.51 |
| Average receivables | €573.0M | €526.1M | €436.3M | €352.6M | €317.3M |
| Average payables | €237.3M | €220.8M | €225.5M | €202.7M | €166.5M |
| Average inventory | €707.0M | €754.6M | €707.6M | €494.7M | €363.1M |
| Intangibles / total assets | 53.8% | 54.7% | 53.4% | 57.1% | 52.3% |
Computed from PUGBY's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in euros; data from EODHD. Averages use the opening and closing balance of each year.
PUGBY valuation and financial ratios
Puig Brands earned a return on equity of 15.9% and a return on invested capital of 17.9% in fiscal 2025. It ended the year with €718.3 million of debt and €1.0 billion in cash and short-term investments, a net cash position of €318.1 million. It returned €213.8 million to shareholders: €213.8 million in dividends and €0 in share buybacks, 32% of free cash flow.
See the PUGBY income statement, the PUGBY chart for price history, or the PUGBY stock overview for the latest quote and news.
PUGBY key metrics FAQ
What is Puig Brands's return on equity?
Puig Brands's return on equity (ROE) was 15.9% in fiscal 2025: net income of €593.7 million on average shareholders' equity of €3.7 billion.
What is Puig Brands's ROIC?
Puig Brands's return on invested capital was 17.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Puig Brands have?
Puig Brands had total debt of €718.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.18 and more cash than debt.
What is Puig Brands's current ratio?
Puig Brands's current ratio was 1.12 at the end of fiscal 2025: current assets were 1.12 times current liabilities.