¥10.71 ($1.60)

+0.29 (+2.78%)

SHH · Industrials · Marine Shipping · Tech Score Sell · Power 38 · ¥29.4B mcap · 1.08B float · 4.89% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 62 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

100

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 600428.SS scores highest in Momentum (100/100) and lowest in Safety (30/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.67

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓ ✓

Beneish M-Score

-2.69

Unlikely Manipulator

Ohlson O-Score

-8.59

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB-

Score: 53.9/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 3.23x

Accruals: -11.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 600428.SS scores 1.67, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 600428.SS scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 600428.SS's score of -2.69 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 600428.SS's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 600428.SS receives an estimated rating of BBB- (score: 53.9/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 600428.SS's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

12.75x

PEG

1.06x

P/S

1.09x

P/B

1.73x

P/FCF

3.74x

P/OCF

2.85x

EV/EBITDA

4.77x

EV/Revenue

1.14x

EV/EBIT

6.99x

EV/FCF

5.36x

Earnings Yield

10.86%

FCF Yield

26.72%

Shareholder Yield

3.88%

Graham Number

$10.88

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 12.8x earnings, 600428.SS trades at a reasonable valuation. An earnings yield of 10.9% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $10.88 per share, suggesting a potential 2% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.614

NI / EBT

Interest Burden

0.862

EBT / EBIT

EBIT Margin

0.163

EBIT / Rev

Asset Turnover

0.615

Rev / Assets

Equity Multiplier

2.633

Assets / Equity

ROE

14.0%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 600428.SS's ROE of 14.0% is driven by Asset Turnover (0.615), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$32.64

Price/Value

0.24x

Margin of Safety

76.07%

Premium

-76.07%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 600428.SS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 600428.SS actually compounded EPS at 17.3% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. At an intrinsic value of $32.64, 600428.SS appears undervalued with a 76% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 12.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$10.71

Median 1Y

$11.35

5th Pctile

$5.64

95th Pctile

$22.77

Ann. Volatility

43.5%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	4.1%	3.1%	6.1%	5.0%	6.4%	8.1%	8.5%	10.7%	8.8%	9.6%	8.9%	10.0%	11.5%	12.7%	10.9%	11.6%	11.6%	12.1%	11.0%	14.0%	14.02%
ROA	1.8%	1.3%	2.6%	2.1%	2.7%	3.4%	3.5%	4.4%	3.7%	4.0%	3.7%	4.0%	4.5%	4.9%	4.5%	4.5%	4.4%	4.5%	4.3%	5.3%	5.33%
ROIC	2.2%	1.8%	3.5%	2.8%	3.5%	4.4%	4.7%	5.8%	4.6%	4.4%	4.2%	4.9%	7.0%	8.0%	8.0%	8.3%	7.8%	9.1%	10.0%	13.7%	13.69%
ROCE	4.3%	6.8%	9.1%	10.3%	10.6%	9.1%	8.6%	7.3%	5.6%	4.9%	4.9%	5.4%	7.0%	9.0%	8.5%	9.7%	10.0%	10.6%	11.1%	13.3%	13.33%
Gross Margin	27.1%	22.8%	24.2%	23.6%	23.7%	16.1%	21.9%	17.3%	17.4%	13.6%	20.3%	17.2%	24.0%	24.7%	19.4%	21.5%	23.3%	20.3%	19.5%	26.0%	25.99%
Operating Margin	15.3%	-4.2%	15.2%	1.0%	17.0%	2.0%	16.1%	8.8%	7.2%	2.0%	11.8%	11.8%	14.7%	7.3%	10.3%	14.3%	15.6%	12.8%	13.1%	20.9%	20.89%
Net Margin	11.2%	-4.1%	11.3%	0.7%	12.7%	1.7%	13.0%	8.6%	8.8%	4.7%	9.9%	9.6%	10.4%	6.9%	6.6%	8.6%	8.6%	6.8%	6.2%	12.2%	12.22%
EBITDA Margin	27.2%	23.5%	25.1%	24.2%	24.1%	12.9%	21.9%	16.7%	16.1%	10.7%	19.0%	16.1%	21.9%	22.1%	17.5%	20.5%	16.1%	28.7%	13.3%	34.6%	34.60%
FCF Margin	10.7%	9.6%	9.3%	4.9%	4.8%	0.7%	4.6%	9.7%	11.6%	6.8%	8.7%	6.6%	10.4%	17.9%	17.7%	18.5%	18.7%	20.2%	19.7%	21.3%	21.31%
OCF Margin	19.6%	19.3%	21.4%	16.4%	12.9%	14.4%	14.9%	20.7%	22.2%	24.5%	24.7%	21.3%	23.1%	21.6%	21.4%	25.2%	26.1%	27.4%	29.6%	28.0%	27.97%
ROE 3Y Avg	snapshot only																				11.17%
ROE 5Y Avg	snapshot only																				9.71%
ROA 3Y Avg	snapshot only																				4.25%
ROIC 3Y Avg	snapshot only																				9.47%
ROIC Economic	snapshot only																				10.55%
Cash ROA	snapshot only																				16.50%
Cash ROIC	snapshot only																				28.61%
CROIC	snapshot only																				21.79%
NOPAT Margin	snapshot only																				13.39%
Pretax Margin	snapshot only																				14.09%
R&D / Revenue	snapshot only																				0.38%
SGA / Revenue	snapshot only																				5.42%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	34.91	32.06	14.32	18.56	18.37	13.98	13.68	11.03	10.88	9.94	11.34	10.53	10.34	9.83	9.04	7.91	11.04	10.95	13.40	9.21	12.750
P/S Ratio	1.88	1.10	0.85	0.83	1.01	0.94	0.99	1.01	0.87	0.87	0.91	0.88	0.92	0.90	0.75	0.64	0.86	0.84	1.00	0.80	1.093
P/B Ratio	1.42	1.00	0.86	0.91	1.14	1.07	1.11	1.12	0.92	0.92	0.97	1.03	1.15	1.20	0.85	0.80	1.11	1.16	1.44	1.26	1.727
P/FCF	17.48	11.42	9.20	17.02	20.94	141.04	21.43	10.36	7.50	12.71	10.43	13.30	8.87	5.00	4.23	3.46	4.59	4.15	5.10	3.74	3.742
P/OCF	9.56	5.71	3.98	5.07	7.78	6.54	6.63	4.86	3.94	3.54	3.69	4.16	3.98	4.15	3.49	2.55	3.29	3.07	3.39	2.85	2.850
EV/EBITDA	13.09	8.25	6.54	6.00	6.94	7.63	8.03	9.06	9.42	10.04	10.42	10.23	8.37	6.97	5.45	5.10	7.47	6.27	7.35	4.77	4.767
EV/Revenue	2.86	1.89	1.58	1.49	1.68	1.65	1.68	1.73	1.59	1.63	1.63	1.59	1.45	1.39	1.06	1.04	1.41	1.32	1.45	1.14	1.142
EV/EBIT	27.12	14.17	10.01	8.74	9.81	11.33	12.12	14.35	16.65	18.13	18.93	17.82	12.78	9.61	7.33	6.63	9.10	8.93	9.82	6.99	6.986
EV/FCF	26.60	19.66	16.97	30.64	35.00	247.12	36.46	17.78	13.67	23.92	18.65	23.97	14.00	7.77	5.99	5.61	7.56	6.53	7.37	5.36	5.360
Earnings Yield	2.9%	3.1%	7.0%	5.4%	5.4%	7.2%	7.3%	9.1%	9.2%	10.1%	8.8%	9.5%	9.7%	10.2%	11.1%	12.6%	9.1%	9.1%	7.5%	10.9%	10.86%
FCF Yield	5.7%	8.8%	10.9%	5.9%	4.8%	0.7%	4.7%	9.7%	13.3%	7.9%	9.6%	7.5%	11.3%	20.0%	23.6%	28.9%	21.8%	24.1%	19.6%	26.7%	26.72%
PEG Ratio	snapshot only																				1.063
Price/Tangible Book	snapshot only																				1.274
EV/OCF	snapshot only																				4.083
EV/Gross Profit	snapshot only																				5.094
Acquirers Multiple	snapshot only																				7.201
Shareholder Yield	snapshot only																				3.88%
Graham Number	snapshot only																				$10.88

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.87	0.78	0.77	0.85	0.89	0.71	0.69	0.67	0.71	0.85	0.89	0.72	0.76	0.84	1.28	1.20	1.20	1.09	1.06	1.18	1.184
Quick Ratio	0.77	0.70	0.70	0.74	0.77	0.59	0.59	0.58	0.61	0.72	0.76	0.62	0.66	0.74	1.17	1.09	1.08	1.00	0.96	1.08	1.075
Debt/Equity	0.84	0.92	0.96	0.85	0.91	0.90	0.85	0.89	0.84	0.94	0.88	1.00	0.85	0.89	0.73	0.87	1.08	1.10	1.06	1.04	1.037
Net Debt/Equity	0.74	0.72	0.72	0.73	0.76	0.81	0.78	0.80	0.76	0.81	0.76	0.83	0.67	0.66	0.35	0.49	0.72	0.66	0.64	0.54	0.545
Debt/Assets	0.37	0.39	0.39	0.36	0.38	0.38	0.35	0.36	0.35	0.39	0.37	0.39	0.31	0.32	0.30	0.34	0.41	0.42	0.41	0.39	0.387
Debt/EBITDA	5.09	4.41	3.97	3.11	3.32	3.65	3.63	4.20	4.71	5.45	5.27	5.53	3.91	3.34	3.32	3.42	4.40	3.79	3.75	2.74	2.739
Net Debt/EBITDA	4.49	3.46	2.99	2.67	2.79	3.28	3.31	3.78	4.25	4.70	4.60	4.55	3.07	2.48	1.60	1.95	2.93	2.28	2.26	1.44	1.439
Interest Coverage	3.74	5.56	7.40	8.59	8.76	6.56	5.50	4.25	3.04	3.06	2.98	3.18	4.10	4.93	4.98	5.38	5.40	5.37	5.60	6.84	6.844
Equity Multiplier	2.27	2.38	2.44	2.37	2.40	2.36	2.41	2.46	2.39	2.39	2.36	2.61	2.72	2.78	2.45	2.58	2.59	2.60	2.62	2.68	2.678
Cash Ratio	snapshot only																				0.664
Debt Service Coverage	snapshot only																				10.029
Cash to Debt	snapshot only																				0.475
FCF to Debt	snapshot only																				0.325
Defensive Interval	snapshot only																				2553.8 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.34	0.39	0.43	0.48	0.50	0.51	0.49	0.48	0.46	0.46	0.46	0.47	0.50	0.54	0.54	0.55	0.56	0.59	0.58	0.62	0.615
Inventory Turnover	16.59	17.11	16.98	16.72	17.04	16.78	16.32	15.39	14.06	14.82	14.94	15.56	15.90	16.94	17.12	17.29	16.87	19.20	17.87	17.50	17.499
Receivables Turnover	28.32	17.69	11.77	10.63	25.97	14.30	8.27	7.58	25.54	15.68	8.71	8.78	13.77	46.29	15.53	14.56	9.19	17.15	12.39	11.98	11.977
Payables Turnover	4.01	4.54	4.28	4.46	5.17	5.15	4.64	4.79	4.96	5.15	4.75	5.12	5.80	6.03	5.81	5.93	6.55	6.84	6.27	6.59	6.585
DSO	13	21	31	34	14	26	44	48	14	23	42	42	27	8	24	25	40	21	29	30	30.5 days
DIO	22	21	21	22	21	22	22	24	26	25	24	23	23	22	21	21	22	19	20	21	20.9 days
DPO	91	80	85	82	71	71	79	76	74	71	77	71	63	60	63	62	56	53	58	55	55.4 days
Cash Conversion Cycle	-56	-38	-33	-26	-35	-24	-12	-4	-33	-23	-10	-6	-14	-31	-18	-15	6	-13	-8	-4	-4.1 days
Fixed Asset Turnover	snapshot only																				1.018
Operating Cycle	snapshot only																				51.3 days
Cash Velocity	snapshot only																				3.211
Capital Intensity	snapshot only																				1.695

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	-2.5%	24.3%	50.1%	61.1%	59.8%	39.5%	24.4%	12.7%	0.4%	-0.1%	1.9%	10.9%	26.1%	37.6%	46.8%	46.4%	40.6%	38.3%	32.4%	33.9%	33.90%
Net Income	3.5%	1.4%	3.2%	1.5%	62.6%	1.7%	50.4%	1.3%	47.3%	29.6%	13.6%	1.9%	39.8%	43.8%	51.2%	41.4%	22.6%	16.3%	19.8%	43.1%	43.07%
EPS	3.5%	1.4%	3.2%	1.5%	65.6%	1.7%	50.6%	1.3%	47.5%	29.6%	13.3%	1.6%	39.8%	43.8%	51.8%	41.8%	-4.1%	-9.0%	-6.3%	11.8%	11.84%
FCF	14.8%	-2.9%	42.1%	-23.7%	-28.6%	-90.3%	-38.3%	1.2%	1.4%	9.2%	93.4%	-24.2%	12.3%	2.6%	2.0%	3.1%	1.5%	56.0%	47.5%	54.0%	54.04%
EBITDA	28.5%	53.9%	87.4%	98.8%	77.2%	31.2%	8.0%	-13.6%	-29.9%	-24.8%	-23.7%	-9.5%	29.6%	68.9%	82.3%	91.8%	53.2%	45.8%	34.4%	57.3%	57.27%
Op. Income	1.9%	4.4%	7.2%	2.2%	71.1%	1.4%	36.0%	97.0%	11.7%	-6.2%	-17.5%	-15.8%	57.1%	84.6%	1.1%	1.0%	60.4%	62.5%	68.2%	81.7%	81.66%
OCF Growth	snapshot only																				48.73%
Asset Growth	snapshot only																				8.99%
Equity Growth	snapshot only																				5.20%
Debt Growth	snapshot only																				25.92%
Shares Change	snapshot only																				27.92%
Dividend Growth	snapshot only																				-6.54%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	2.1%	4.9%	8.0%	10.3%	13.8%	13.9%	14.4%	15.1%	16.1%	20.1%	23.9%	26.3%	26.5%	24.2%	23.0%	22.3%	21.2%	23.9%	25.6%	29.6%	29.56%
Revenue 5Y	5.3%	8.3%	10.2%	11.5%	12.9%	13.4%	13.7%	13.4%	11.3%	10.0%	9.8%	10.9%	13.3%	15.2%	17.5%	19.9%	22.6%	26.9%	29.9%	31.6%	31.61%
EPS 3Y	25.2%	52.4%	84.4%	58.6%	85.1%	1.0%	1.3%	1.5%	1.2%	1.1%	93.4%	80.3%	50.6%	72.2%	37.3%	49.3%	25.5%	19.2%	17.2%	17.3%	17.25%
EPS 5Y	—	41.7%	58.9%	33.7%	29.5%	27.9%	29.9%	38.6%	36.8%	65.9%	60.7%	56.4%	67.2%	72.4%	85.5%	88.2%	71.3%	62.4%	59.4%	56.2%	56.20%
Net Income 3Y	25.4%	51.7%	82.8%	57.2%	84.9%	1.0%	1.3%	1.5%	1.2%	1.0%	92.3%	79.3%	49.6%	72.1%	37.2%	49.2%	36.2%	29.4%	27.2%	27.2%	27.25%
Net Income 5Y	—	43.0%	58.0%	32.9%	29.7%	28.2%	29.4%	38.1%	36.4%	65.4%	59.9%	55.6%	67.0%	72.3%	83.1%	85.7%	79.3%	70.0%	66.7%	63.4%	63.42%
EBITDA 3Y	4.0%	12.5%	17.9%	23.8%	25.2%	24.2%	24.4%	21.8%	16.9%	15.0%	15.6%	15.9%	17.2%	18.6%	14.5%	14.5%	11.6%	22.8%	23.2%	39.7%	39.75%
EBITDA 5Y	21.2%	21.6%	24.3%	23.2%	19.4%	13.7%	12.7%	10.7%	6.9%	7.0%	6.2%	8.2%	12.3%	19.5%	21.8%	25.7%	25.9%	30.2%	30.5%	36.2%	36.22%
Gross Profit 3Y	10.8%	19.7%	25.0%	31.6%	31.0%	30.6%	32.5%	29.9%	27.6%	26.6%	27.4%	25.3%	23.9%	24.1%	19.2%	18.8%	18.8%	22.4%	24.9%	34.8%	34.84%
Gross Profit 5Y	24.5%	25.7%	29.5%	28.8%	24.0%	19.0%	18.7%	17.0%	14.2%	13.9%	12.6%	15.1%	18.3%	24.9%	28.3%	31.9%	35.1%	36.1%	37.5%	38.1%	38.13%
Op. Income 3Y	34.6%	84.4%	1.1%	75.9%	64.8%	52.8%	62.0%	77.2%	76.2%	1.3%	1.1%	73.6%	44.3%	61.3%	33.7%	49.5%	41.2%	41.2%	43.5%	45.5%	45.48%
Op. Income 5Y	—	—	—	49.1%	31.7%	27.2%	28.8%	39.5%	36.1%	70.1%	60.1%	55.2%	51.0%	43.9%	49.5%	56.7%	69.0%	1.1%	1.0%	80.4%	80.44%
FCF 3Y	—	—	1.2%	—	46.7%	35.3%	34.1%	13.4%	25.9%	-1.4%	19.2%	9.2%	25.0%	52.8%	52.5%	90.9%	90.7%	2.9%	1.0%	68.3%	68.28%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	67.2%	—	53.9%	1.5%	69.2%	35.1%	41.5%	40.1%	49.3%	52.3%	52.26%
OCF 3Y	23.0%	23.5%	20.3%	17.7%	3.3%	11.6%	18.4%	18.8%	23.5%	31.8%	35.7%	40.4%	33.6%	29.0%	23.0%	41.2%	53.2%	53.5%	57.9%	43.1%	43.13%
OCF 5Y	18.5%	21.4%	26.1%	17.2%	6.4%	4.3%	9.8%	18.6%	27.5%	27.3%	20.5%	21.5%	20.1%	23.4%	29.0%	27.0%	31.5%	37.2%	42.2%	48.2%	48.16%
Assets 3Y	1.4%	1.9%	4.5%	2.5%	4.7%	4.3%	6.5%	6.8%	7.0%	8.5%	8.6%	11.1%	13.5%	15.1%	18.3%	20.8%	19.0%	20.2%	19.0%	18.5%	18.45%
Assets 5Y	1.6%	1.5%	2.9%	2.0%	4.0%	3.5%	5.5%	5.1%	4.8%	4.9%	5.7%	6.9%	8.3%	9.4%	12.8%	13.2%	14.1%	15.3%	15.5%	15.3%	15.29%
Equity 3Y	0.6%	0.2%	1.3%	1.1%	2.6%	3.5%	4.4%	4.5%	5.4%	6.5%	7.4%	6.9%	7.0%	9.3%	18.3%	17.4%	15.9%	16.4%	15.7%	15.2%	15.20%
Book Value 3Y	0.4%	0.6%	2.2%	2.0%	2.7%	3.6%	6.7%	6.8%	6.0%	7.1%	8.0%	7.6%	7.7%	9.4%	18.3%	17.5%	6.9%	7.3%	6.6%	6.2%	6.15%
Dividend 3Y	-6.9%	-6.4%	-4.6%	1.9%	7.6%	12.6%	24.2%	56.0%	30.4%	26.9%	22.2%	-28.1%	11.9%	6.9%	4.9%	37.3%	-58.3%	-3.9%	-3.3%	-2.2%	-2.20%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.64	0.63	0.48	0.48	0.56	0.66	0.68	0.72	0.72	0.73	0.71	0.73	0.78	0.82	0.83	0.85	0.88	0.90	0.92	0.92	0.923
Earnings Stability	0.51	0.26	0.38	0.38	0.53	0.47	0.60	0.60	0.78	0.84	0.90	0.86	0.95	0.94	0.96	0.95	1.00	0.99	0.98	0.96	0.958
Margin Stability	0.72	0.73	0.70	0.70	0.76	0.80	0.78	0.79	0.79	0.80	0.80	0.80	0.85	0.83	0.80	0.79	0.80	0.84	0.86	0.88	0.875
Rev. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.81	0.88	0.95	0.99	0.84	0.82	0.50	0.83	0.91	0.93	0.92	0.83	0.828
Earnings Smoothness	0.00	0.18	0.00	0.16	0.52	0.07	0.60	0.21	0.62	0.74	0.87	0.98	0.67	0.64	0.59	0.66	0.80	0.85	0.82	0.65	0.646
ROE Trend	0.03	0.02	0.05	0.03	0.04	0.05	0.04	0.07	0.03	0.04	0.01	0.02	0.04	0.04	0.01	0.00	0.00	-0.00	0.02	0.04	0.038
Gross Margin Trend	0.06	0.07	0.09	0.09	0.07	0.04	0.02	-0.01	-0.04	-0.04	-0.05	-0.05	-0.02	0.02	0.02	0.04	0.04	0.02	0.02	0.03	0.027
FCF Margin Trend	0.05	0.03	0.03	-0.05	-0.05	-0.10	-0.05	0.02	0.04	0.02	0.02	-0.01	0.02	0.14	0.11	0.10	0.08	0.08	0.06	0.09	0.087
Sustainable Growth Rate	1.8%	0.9%	4.1%	2.9%	3.7%	5.0%	5.2%	3.7%	3.2%	4.0%	3.4%	7.7%	4.3%	6.4%	5.7%	6.7%	11.0%	6.2%	6.0%	9.0%	9.01%
Internal Growth Rate	0.8%	0.4%	1.8%	1.2%	1.6%	2.2%	2.2%	1.6%	1.4%	1.7%	1.4%	3.1%	1.7%	2.5%	2.4%	2.6%	4.3%	2.4%	2.4%	3.5%	3.54%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	3.65	5.61	3.59	3.66	2.36	2.14	2.06	2.27	2.77	2.81	3.08	2.53	2.60	2.37	2.59	3.11	3.36	3.57	3.95	3.23	3.232
FCF/OCF	0.55	0.50	0.43	0.30	0.37	0.05	0.31	0.47	0.52	0.28	0.35	0.31	0.45	0.83	0.83	0.74	0.72	0.74	0.67	0.76	0.762
FCF/Net Income	snapshot only																				2.462
OCF/EBITDA	snapshot only																				1.168
CapEx/Revenue	8.9%	9.6%	12.1%	11.5%	8.2%	7.1%	2.6%	3.3%	2.6%	16.5%	16.0%	14.8%	13.0%	3.8%	3.9%	6.6%	7.4%	7.2%	9.9%	6.7%	6.67%
CapEx/Depreciation	snapshot only																				0.876
Accruals Ratio	-0.05	-0.06	-0.07	-0.06	-0.04	-0.04	-0.04	-0.06	-0.06	-0.07	-0.08	-0.06	-0.07	-0.07	-0.07	-0.09	-0.10	-0.12	-0.13	-0.12	-0.119
Sloan Accruals	snapshot only																				-0.037
Cash Flow Adequacy	snapshot only																				2.866
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	1.6%	2.3%	2.3%	2.3%	2.3%	2.7%	2.9%	5.9%	5.8%	5.9%	5.5%	2.2%	6.0%	5.0%	5.2%	5.4%	0.4%	4.4%	3.4%	3.9%	3.03%
Dividend/Share	$0.10	$0.10	$0.09	$0.10	$0.13	$0.14	$0.16	$0.34	$0.29	$0.29	$0.29	$0.13	$0.39	$0.35	$0.34	$0.32	$0.03	$0.31	$0.30	$0.30	$0.33
Payout Ratio	56.3%	72.6%	32.9%	42.3%	43.0%	37.7%	39.2%	65.3%	63.6%	58.5%	61.9%	23.4%	62.4%	49.6%	47.1%	42.8%	4.7%	48.4%	45.4%	35.7%	35.74%
FCF Payout Ratio	28.2%	25.8%	21.1%	38.8%	49.0%	3.8%	61.4%	61.4%	43.8%	74.7%	56.9%	29.5%	53.6%	25.3%	22.0%	18.7%	2.0%	18.4%	17.3%	14.5%	14.52%
Total Payout Ratio	56.5%	72.6%	32.9%	42.3%	43.0%	37.7%	39.2%	65.3%	63.6%	58.7%	62.2%	23.6%	62.6%	49.6%	47.1%	42.8%	4.7%	48.4%	45.4%	35.7%	35.74%
Div. Increase Streak	0	0	0	0	0	0	0	1	1	1	1	0	1	1	1	0	0	1	1	1	0
Chowder Number	-0.17	-0.17	-0.13	0.05	0.26	0.45	0.82	2.62	1.24	1.07	0.85	-0.61	0.43	0.27	0.20	1.64	-0.90	0.18	0.19	0.23	0.234
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	1.6%	2.3%	2.3%	2.3%	2.3%	2.7%	2.9%	5.9%	5.8%	5.9%	5.5%	2.2%	6.1%	5.0%	5.2%	5.4%	0.4%	4.4%	3.4%	3.9%	3.88%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.69	0.64	0.69	0.68	0.70	0.77	0.79	0.84	0.89	0.89	0.91	0.85	0.78	0.77	0.73	0.68	0.67	0.62	0.60	0.61	0.614
Interest Burden (EBT/EBIT)	0.73	0.40	0.55	0.39	0.45	0.60	0.66	0.91	0.94	1.09	1.03	1.11	1.00	0.81	0.79	0.76	0.75	0.84	0.84	0.86	0.862
EBIT Margin	0.11	0.13	0.16	0.17	0.17	0.15	0.14	0.12	0.10	0.09	0.09	0.09	0.11	0.14	0.14	0.16	0.16	0.15	0.15	0.16	0.163
Asset Turnover	0.34	0.39	0.43	0.48	0.50	0.51	0.49	0.48	0.46	0.46	0.46	0.47	0.50	0.54	0.54	0.55	0.56	0.59	0.58	0.62	0.615
Equity Multiplier	2.28	2.32	2.36	2.35	2.34	2.37	2.43	2.42	2.40	2.38	2.38	2.54	2.56	2.59	2.41	2.59	2.65	2.68	2.54	2.63	2.633

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.18	$0.14	$0.28	$0.23	$0.31	$0.38	$0.42	$0.53	$0.45	$0.50	$0.47	$0.53	$0.63	$0.71	$0.72	$0.76	$0.60	$0.65	$0.67	$0.85	$0.85
Book Value/Share	$4.52	$4.48	$4.62	$4.65	$4.93	$4.98	$5.14	$5.18	$5.30	$5.38	$5.52	$5.47	$5.65	$5.86	$7.65	$7.54	$6.02	$6.14	$6.23	$6.20	$7.05
Tangible Book/Share	$4.41	$4.43	$4.57	$4.61	$4.89	$4.93	$5.09	$5.13	$5.25	$5.33	$5.47	$5.42	$5.60	$5.82	$7.60	$7.49	$5.99	$6.08	$6.16	$6.13	$6.13
Revenue/Share	$3.43	$4.07	$4.64	$5.10	$5.58	$5.69	$5.78	$5.76	$5.61	$5.68	$5.87	$6.37	$7.07	$7.82	$8.65	$9.36	$7.78	$8.46	$8.95	$9.80	$9.80
FCF/Share	$0.37	$0.39	$0.43	$0.25	$0.27	$0.04	$0.27	$0.56	$0.65	$0.39	$0.51	$0.42	$0.73	$1.40	$1.53	$1.73	$1.45	$1.71	$1.76	$2.09	$2.09
OCF/Share	$0.67	$0.78	$0.99	$0.83	$0.72	$0.82	$0.86	$1.19	$1.25	$1.39	$1.45	$1.35	$1.64	$1.69	$1.85	$2.36	$2.03	$2.32	$2.65	$2.74	$2.74
Cash/Share	$0.45	$0.89	$1.09	$0.56	$0.71	$0.46	$0.38	$0.46	$0.44	$0.69	$0.62	$0.97	$1.03	$1.34	$2.90	$2.80	$2.15	$2.69	$2.63	$3.05	$3.05
EBITDA/Share	$0.75	$0.94	$1.12	$1.27	$1.35	$1.23	$1.21	$1.10	$0.95	$0.92	$0.92	$0.99	$1.23	$1.56	$1.68	$1.91	$1.47	$1.78	$1.77	$2.35	$2.35
Debt/Share	$3.81	$4.12	$4.43	$3.95	$4.48	$4.49	$4.38	$4.62	$4.47	$5.04	$4.84	$5.49	$4.80	$5.22	$5.59	$6.53	$6.47	$6.75	$6.63	$6.43	$6.43
Net Debt/Share	$3.36	$3.23	$3.35	$3.39	$3.76	$4.02	$4.00	$4.15	$4.03	$4.35	$4.22	$4.52	$3.77	$3.88	$2.69	$3.73	$4.32	$4.06	$4.00	$3.38	$3.38

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.667
Altman Z-Prime	snapshot only																				2.322
Piotroski F-Score	6	8	8	9	7	7	7	6	6	6	5	5	9	8	8	9	6	6	6	6	6
Beneish M-Score	-2.61	-2.12	-2.28	-2.20	-1.85	-2.14	-2.30	-2.53	-2.84	-2.97	-2.80	-2.43	-2.38	-2.23	-2.29	-2.68	-2.56	-2.34	-2.78	-2.69	-2.688
Ohlson O-Score	snapshot only																				-8.585
ROIC (Greenblatt)	snapshot only																				15.30%
Net-Net WC	snapshot only																				$-4.12
EVA	snapshot only																				$970545825.14

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	38.43	36.74	40.94	46.86	46.33	40.13	41.98	32.88	33.09	32.16	34.36	29.27	34.79	41.25	47.85	51.67	48.55	47.08	47.01	53.86	53.859
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				2.193
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				43
Sector Credit Rank	snapshot only																				42

600428.SS SHH

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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