¥8.15 ($1.21)

-0.02 (-0.24%)

SHH · Financial Services · Asset Management · Tech Score Sell · Power 31 · ¥37.8B mcap · 2.80B float · 2.31% 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.

★ ★ ★ ★ ★ 19 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

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. 601108.SS scores highest in Value (74/100) and lowest in Cash Flow (8/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

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

Altman Z-Score

0.23

Distress Zone

Piotroski F-Score

2/9

✓ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗

Beneish M-Score

19.05

Possible Manipulator

Ohlson O-Score

-6.89

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

B+

Score: 30.2/100

Trend: Deteriorating

Earnings Quality

25/100

OCF/NI: -1.15x

Accruals: 4.4%

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. 601108.SS scores 0.23, 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. 601108.SS scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. 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. 601108.SS's score of 19.05 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. 601108.SS's implied 0.1% 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. 601108.SS receives an estimated rating of B+ (score: 30.2/100), with a deteriorating 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). 601108.SS's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

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

10.87x

PEG

0.26x

P/S

4.35x

P/B

0.95x

P/FCF

-10.55x

P/OCF

—

EV/EBITDA

32.15x

EV/Revenue

15.90x

EV/EBIT

33.58x

EV/FCF

-33.85x

Earnings Yield

8.00%

FCF Yield

-9.48%

Shareholder Yield

0.00%

Graham Number

$11.04

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 10.9x earnings, 601108.SS trades at a reasonable valuation. An earnings yield of 8.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $11.04 per share, suggesting a potential 35% 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

0.808

NI / EBT

Interest Burden

1.036

EBT / EBIT

EBIT Margin

0.473

EBIT / Rev

Asset Turnover

0.052

Rev / Assets

Equity Multiplier

4.440

Assets / Equity

ROE

9.1%

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. 601108.SS's ROE of 9.1% is driven by financial leverage (equity multiplier: 4.44x). Note: high leverage means ROE is amplified by debt rather than operational performance.

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

$26.49

Price/Value

0.32x

Margin of Safety

67.54%

Premium

-67.54%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 601108.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. 601108.SS actually compounded EPS at 18.5% 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. 601108.SS trades at a -68% premium to its adjusted intrinsic value of $26.49, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 10.9x.

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

$8.15

Median 1Y

$7.46

5th Pctile

$4.26

95th Pctile

$13.08

Ann. Volatility

34.0%

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	10.3%	10.5%	9.3%	7.8%	7.3%	5.2%	6.3%	5.8%	5.8%	6.7%	6.5%	6.2%	6.4%	6.6%	6.1%	6.9%	8.0%	7.1%	7.9%	9.1%	9.07%
ROA	2.5%	2.5%	2.2%	2.1%	2.0%	1.3%	1.6%	1.6%	1.7%	1.7%	1.7%	1.6%	1.7%	1.7%	1.6%	1.8%	2.0%	1.7%	1.9%	2.0%	2.04%
ROIC	12.3%	4.4%	10.8%	10.6%	7.6%	2.3%	7.8%	6.9%	3.7%	6.3%	3.4%	2.9%	2.3%	1.2%	19.3%	11.7%	2.6%	2.0%	2.1%	2.1%	2.07%
ROCE	2.9%	2.8%	2.4%	2.3%	2.1%	1.3%	1.6%	1.6%	1.8%	2.0%	1.9%	1.9%	2.4%	2.4%	1.8%	2.7%	3.0%	3.4%	2.7%	3.4%	3.36%
Gross Margin	73.8%	78.3%	51.5%	78.5%	74.6%	72.3%	77.2%	76.7%	75.3%	75.7%	72.4%	74.9%	73.6%	78.9%	68.4%	81.3%	82.9%	71.1%	77.8%	72.3%	72.31%
Operating Margin	40.0%	54.1%	14.8%	27.6%	33.2%	29.8%	25.4%	29.8%	28.6%	51.2%	29.5%	29.4%	34.8%	49.7%	21.3%	44.7%	44.4%	26.5%	26.8%	58.4%	58.38%
Net Margin	32.4%	45.9%	17.0%	26.5%	30.3%	28.2%	23.1%	26.6%	25.9%	40.5%	24.7%	24.2%	31.2%	41.2%	20.0%	36.4%	41.1%	28.5%	30.8%	55.9%	55.87%
EBITDA Margin	40.0%	54.1%	14.8%	27.6%	33.2%	29.8%	25.4%	29.8%	28.6%	51.2%	29.5%	29.4%	34.8%	49.7%	21.3%	44.7%	44.4%	38.0%	37.1%	75.7%	75.68%
FCF Margin	63.0%	37.1%	30.0%	72.3%	-20.7%	-90.0%	-66.4%	-1.3%	-94.3%	-97.6%	-87.8%	-39.8%	1.5%	1.5%	1.8%	1.7%	33.4%	65.2%	-13.2%	-47.0%	-46.96%
OCF Margin	66.7%	39.8%	32.7%	75.0%	-18.2%	-87.5%	-64.2%	-1.3%	-92.0%	-95.3%	-67.6%	-17.9%	1.8%	1.8%	2.0%	1.8%	36.8%	66.8%	-11.7%	-45.4%	-45.40%
ROE 3Y Avg	snapshot only																				7.21%
ROE 5Y Avg	snapshot only																				6.81%
ROA 3Y Avg	snapshot only																				1.68%
ROIC 3Y Avg	snapshot only																				2.47%
ROIC Economic	snapshot only																				2.02%
Cash ROA	snapshot only																				-1.99%
Cash ROIC	snapshot only																				-2.93%
CROIC	snapshot only																				-3.03%
NOPAT Margin	snapshot only																				32.10%
Pretax Margin	snapshot only																				49.06%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				-8.44%
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	14.98	15.78	12.91	13.61	12.28	20.66	17.83	16.82	18.13	17.04	14.82	14.05	19.06	16.54	17.11	14.40	14.98	15.25	11.85	12.50	10.867
P/S Ratio	4.82	5.50	4.39	4.49	3.99	5.45	4.75	4.49	4.67	4.90	4.35	4.04	5.73	5.06	5.13	4.81	5.40	5.00	4.09	4.95	4.349
P/B Ratio	1.49	1.61	1.16	0.91	0.77	0.95	0.99	0.96	1.04	1.11	0.93	0.85	1.19	1.06	1.01	0.98	1.18	1.06	0.92	1.09	0.951
P/FCF	7.65	14.80	14.61	6.21	-19.30	-6.06	-7.16	-3.37	-4.95	-5.03	-4.96	-10.15	3.86	3.45	2.78	2.84	16.17	7.66	-30.98	-10.55	-10.545
P/OCF	7.23	13.82	13.43	5.98	—	—	—	—	—	—	—	—	3.17	2.82	2.56	2.62	14.70	7.47	—	—	—
EV/EBITDA	10.98	24.17	9.51	7.15	8.61	40.01	11.69	12.61	25.30	15.13	24.15	26.57	38.21	1.52	4.66	7.02	33.99	39.15	34.06	32.15	32.153
EV/Revenue	4.21	9.94	3.75	2.69	3.09	11.02	3.34	3.68	7.15	5.05	8.38	9.20	13.81	0.55	1.63	2.76	14.17	15.13	14.04	15.90	15.897
EV/EBIT	10.98	24.17	9.51	7.15	8.61	40.01	11.69	12.61	25.30	15.13	24.15	26.57	38.21	1.52	4.66	7.02	33.99	40.32	34.95	33.58	33.584
EV/FCF	6.69	26.76	12.51	3.72	-14.97	-12.25	-5.04	-2.76	-7.58	-5.18	-9.54	-23.11	9.31	0.38	0.88	1.63	42.43	23.20	-106.44	-33.85	-33.849
Earnings Yield	6.7%	6.3%	7.7%	7.3%	8.1%	4.8%	5.6%	5.9%	5.5%	5.9%	6.7%	7.1%	5.2%	6.0%	5.8%	6.9%	6.7%	6.6%	8.4%	8.0%	8.00%
FCF Yield	13.1%	6.8%	6.8%	16.1%	-5.2%	-16.5%	-14.0%	-29.7%	-20.2%	-19.9%	-20.2%	-9.9%	25.9%	29.0%	35.9%	35.2%	6.2%	13.1%	-3.2%	-9.5%	-9.48%
PEG Ratio	snapshot only																				0.262
Price/Tangible Book	snapshot only																				1.100
EV/Gross Profit	snapshot only																				20.890
Acquirers Multiple	snapshot only																				40.000
Shareholder Yield	snapshot only																				0.00%
Graham Number	snapshot only																				$11.04

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	130.97	42.14	759.00	1249.47	1105.43	54.34	37.67	46.27	1303.47	30.46	43.72	23.95	0.21	2.02	—	2.01	0.85	0.48	0.87	0.71	0.709
Quick Ratio	130.97	15.25	759.00	1249.47	1105.43	25.97	37.67	20.71	1303.47	12.28	22.13	9.99	0.21	2.02	—	2.01	0.85	0.48	0.87	0.71	0.709
Debt/Equity	1.45	1.55	1.43	0.87	0.87	1.10	1.01	1.09	1.74	1.31	2.14	1.29	1.85	0.67	0.87	1.15	2.03	2.28	2.39	2.51	2.515
Net Debt/Equity	-0.19	1.30	-0.17	-0.37	-0.17	0.97	-0.29	-0.17	0.55	0.03	0.86	1.09	1.68	-0.95	-0.69	-0.42	1.91	2.15	2.24	2.41	2.414
Debt/Assets	0.35	0.35	0.33	0.26	0.26	0.29	0.27	0.28	0.49	0.34	0.53	0.32	0.47	0.17	0.23	0.30	0.51	0.53	0.51	0.50	0.500
Debt/EBITDA	12.21	12.92	13.68	11.32	12.51	22.94	16.97	17.47	27.66	17.32	28.72	17.67	24.69	8.85	12.63	14.40	22.36	27.80	25.73	23.06	23.060
Net Debt/EBITDA	-1.58	10.80	-1.60	-4.78	-2.49	20.22	-4.92	-2.77	8.76	0.44	11.60	14.90	22.36	-12.44	-10.00	-5.23	21.04	26.23	24.15	22.14	22.136
Interest Coverage	1.63	1.72	1.49	1.41	1.36	0.97	1.19	1.19	1.16	1.41	1.39	1.36	1.40	1.45	1.37	1.66	2.57	3.49	8.48	—	—
Equity Multiplier	4.16	4.38	4.26	3.32	3.38	3.81	3.78	3.85	3.54	3.87	4.00	4.01	3.97	3.97	3.79	3.80	4.02	4.27	4.65	5.03	5.032
Cash Ratio	snapshot only																				0.052
Cash to Debt	snapshot only																				0.040
FCF to Debt	snapshot only																				-0.041
Defensive Interval	snapshot only																				6216.7 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	0.08	0.07	0.07	0.06	0.06	0.05	0.06	0.06	0.07	0.06	0.06	0.05	0.06	0.05	0.05	0.05	0.06	0.05	0.05	0.05	0.052
Inventory Turnover	—	0.13	—	—	—	0.06	—	0.15	—	0.07	0.17	0.07	—	0.14	0.17	0.13	—	—	—	—	—
Receivables Turnover (trade)	0.66	13.10	46.38	60.21	55.84	0.59	41.68	0.72	7.41	0.76	0.83	0.38	0.77	6.04	0.80	0.69	0.36	0.53	0.43	0.34	0.335
Payables Turnover	2.73	2.10	9.08	2.83	10.11	1.78	2.76	3.65	119.30	1.60	1.71	1.33	1.86	1.15	2.06	1.82	1.66	2.05	4.75	59.96	59.959
DSO (trade)	553	28	8	6	7	614	9	509	49	482	440	972	474	60	457	527	1002	684	842	1089	1088.8 days
DIO	0	2880	0	0	0	5632	0	2476	0	4955	2174	4891	0	2647	2203	2754	0	0	0	0	0.0 days
DPO	134	173	40	129	36	205	132	100	3	228	214	275	196	316	177	201	219	178	77	6	6.1 days
Cash Conversion Cycle (trade)	419	2734	-32	-123	-30	6041	-124	2885	46	5209	2400	5588	278	2391	2483	3080	782	505	765	1083	1082.7 days
Fixed Asset Turnover	snapshot only																				3.478
Cash Velocity	snapshot only																				2.191
Capital Intensity	snapshot only																				22.815

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	8.3%	2.4%	-12.7%	-14.1%	-14.3%	-21.9%	3.9%	10.2%	19.2%	36.1%	8.2%	3.4%	-1.7%	-2.3%	-3.8%	0.4%	8.9%	5.1%	18.4%	16.4%	16.37%
Net Income	-0.8%	12.0%	-10.5%	-14.4%	-13.5%	-40.9%	-18.5%	-10.8%	-5.5%	48.4%	19.4%	11.5%	14.6%	3.9%	-1.8%	16.5%	30.7%	12.5%	36.2%	38.2%	38.18%
EPS	-3.2%	-6.0%	-11.1%	-18.9%	-18.0%	-47.4%	-31.1%	-24.5%	-20.0%	34.7%	21.5%	11.5%	7.4%	10.7%	-7.2%	17.5%	25.3%	17.3%	42.8%	26.9%	26.91%
FCF	1.8%	1.6%	1.6%	2.5%	-1.3%	-2.9%	-3.3%	-3.0%	-4.4%	-47.5%	-43.2%	69.1%	2.5%	2.5%	3.0%	5.3%	-75.5%	-53.2%	-1.1%	-1.3%	-1.32%
EBITDA	-1.3%	9.4%	-13.8%	-18.2%	-19.8%	-47.7%	-24.7%	-14.5%	-6.3%	64.9%	31.3%	22.8%	25.8%	6.1%	-3.0%	13.8%	25.6%	12.1%	39.6%	46.5%	46.53%
Op. Income	-1.3%	9.4%	-13.8%	-18.2%	-19.8%	-47.7%	-24.7%	-14.5%	-6.3%	64.9%	31.3%	22.8%	25.8%	6.1%	-3.0%	13.8%	25.6%	3.4%	21.9%	17.8%	17.79%
OCF Growth	snapshot only																				-1.29%
Asset Growth	snapshot only																				42.60%
Equity Growth	snapshot only																				7.71%
Debt Growth	snapshot only																				1.35%
Shares Change	snapshot only																				8.88%
Dividend Growth	snapshot only																				-1.00%

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	29.0%	28.8%	21.8%	16.6%	11.2%	1.5%	9.6%	5.6%	3.4%	2.8%	-0.6%	-0.7%	0.1%	1.2%	2.7%	4.6%	8.5%	11.8%	7.2%	6.5%	6.51%
Revenue 5Y	—	—	—	—	—	48.5%	30.1%	22.1%	17.0%	17.8%	15.3%	12.6%	10.0%	6.8%	6.5%	4.1%	3.4%	2.2%	2.3%	2.7%	2.73%
EPS 3Y	45.0%	49.6%	40.8%	30.4%	21.6%	-13.2%	-1.1%	-6.5%	-14.1%	-12.7%	-9.4%	-12.0%	-11.0%	-7.8%	-8.1%	-0.4%	2.5%	20.5%	17.2%	18.5%	18.48%
EPS 5Y	—	—	—	—	—	29.2%	20.6%	13.5%	14.8%	18.9%	18.5%	13.3%	9.1%	-0.5%	1.7%	1.4%	-3.1%	-2.9%	-0.3%	0.4%	0.36%
Net Income 3Y	34.9%	46.3%	38.8%	30.6%	21.6%	-6.8%	3.4%	-0.7%	-6.8%	-0.6%	-4.5%	-5.2%	-2.1%	-3.0%	-1.5%	5.0%	12.3%	20.2%	16.9%	21.5%	21.53%
Net Income 5Y	—	—	—	—	—	38.8%	23.2%	16.9%	14.9%	22.4%	21.1%	17.3%	14.3%	4.6%	5.3%	4.9%	4.0%	2.8%	3.1%	6.5%	6.51%
EBITDA 3Y	38.5%	51.5%	44.8%	33.7%	19.5%	-10.7%	-0.7%	-4.1%	-9.5%	-1.9%	-5.2%	-5.0%	-1.8%	-2.9%	-1.4%	6.1%	14.0%	25.2%	21.1%	27.0%	26.99%
EBITDA 5Y	—	—	—	—	—	36.2%	21.6%	16.2%	14.9%	24.6%	24.6%	20.2%	15.0%	4.5%	4.5%	4.3%	3.2%	2.3%	2.9%	7.4%	7.45%
Gross Profit 3Y	25.7%	25.2%	16.9%	14.4%	7.8%	-1.8%	8.5%	2.9%	0.4%	0.5%	-3.0%	-2.4%	-0.9%	0.8%	3.1%	6.0%	11.0%	14.5%	8.4%	6.8%	6.81%
Gross Profit 5Y	—	—	—	—	—	38.8%	27.0%	18.0%	14.9%	15.9%	12.9%	11.6%	8.2%	5.8%	5.5%	2.7%	2.4%	1.0%	1.6%	2.1%	2.05%
Op. Income 3Y	38.5%	51.5%	44.8%	33.7%	19.5%	-10.7%	-0.7%	-4.1%	-9.5%	-1.9%	-5.2%	-5.0%	-1.8%	-2.9%	-1.4%	6.1%	14.0%	21.8%	15.8%	18.1%	18.07%
Op. Income 5Y	—	—	—	—	—	36.2%	21.6%	16.2%	14.9%	24.6%	24.6%	20.2%	15.0%	4.5%	4.5%	4.3%	3.2%	0.7%	0.2%	2.9%	2.86%
FCF 3Y	—	7.0%	-32.7%	-11.8%	—	—	—	—	—	—	—	—	33.3%	60.0%	88.0%	38.9%	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	1.9%	11.8%	96.5%	58.7%	—	—	—	—	—
OCF 3Y	—	7.5%	-31.3%	-11.3%	—	—	—	—	—	—	—	—	39.6%	67.3%	87.9%	40.8%	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	5.6%	15.5%	84.2%	55.6%	—	—	—	—	—
Assets 3Y	16.1%	23.4%	19.8%	20.1%	21.5%	24.6%	20.8%	19.1%	11.0%	11.4%	13.8%	13.2%	12.7%	9.4%	8.7%	9.3%	10.4%	8.7%	11.9%	15.2%	15.23%
Assets 5Y	—	—	—	—	—	16.8%	16.9%	16.8%	13.6%	17.9%	17.5%	18.1%	18.2%	17.3%	14.1%	12.7%	11.1%	10.8%	13.2%	15.3%	15.28%
Equity 3Y	5.8%	8.6%	8.1%	16.8%	16.8%	15.6%	15.8%	16.0%	15.0%	13.9%	14.5%	14.9%	14.4%	13.0%	13.0%	4.5%	4.2%	4.7%	4.4%	5.4%	5.42%
Book Value 3Y	13.8%	11.1%	9.6%	16.6%	16.8%	7.7%	10.7%	9.2%	6.0%	-0.0%	8.7%	6.7%	4.0%	7.5%	5.5%	-0.9%	-4.9%	5.0%	4.7%	2.8%	2.77%
Dividend 3Y	11.1%	8.0%	7.8%	-2.8%	3.6%	-2.5%	-1.0%	-18.3%	-18.1%	-18.9%	-10.8%	-1.4%	-4.1%	-3.2%	-5.2%	-11.1%	-19.1%	-32.1%	-50.0%	—	—

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	0.96	0.90	0.72	0.60	0.38	0.63	0.75	0.72	0.68	0.55	0.61	0.62	0.67	0.51	0.86	0.93	0.59	0.27	0.19	0.32	0.320
Earnings Stability	0.84	0.95	0.87	0.78	0.62	0.52	0.62	0.57	0.43	0.28	0.40	0.30	0.18	0.03	0.03	0.08	0.10	0.06	0.09	0.34	0.340
Margin Stability	0.96	0.96	0.95	0.96	0.95	0.87	0.94	0.92	0.95	0.94	0.95	0.97	0.96	0.96	0.98	0.96	0.95	0.95	0.97	0.98	0.980
Rev. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	0	0	0
Earnings Persistence	1.00	0.95	0.96	0.94	0.95	0.84	0.93	0.96	0.98	0.81	0.92	0.95	0.94	0.98	0.99	0.93	0.88	0.95	0.86	0.85	0.847
Earnings Smoothness	0.99	0.89	0.89	0.84	0.86	0.49	0.80	0.89	0.94	0.61	0.82	0.89	0.86	0.96	0.98	0.85	0.73	0.88	0.69	0.68	0.679
ROE Trend	0.02	0.01	-0.00	-0.03	-0.04	-0.05	-0.04	-0.03	-0.02	-0.01	-0.01	-0.00	0.00	0.01	0.00	0.01	0.02	0.00	0.02	0.02	0.023
Gross Margin Trend	-0.05	-0.04	-0.06	-0.07	-0.06	-0.07	-0.01	-0.01	0.01	0.03	0.00	0.00	-0.00	0.01	-0.01	0.01	0.04	0.01	0.04	0.01	0.006
FCF Margin Trend	-0.04	0.10	0.48	0.82	-0.10	-0.78	-0.59	-1.49	-1.15	-0.71	-0.70	-0.09	2.06	2.40	2.61	2.56	0.06	0.41	-0.61	-1.12	-1.117
Sustainable Growth Rate	2.7%	3.2%	2.0%	0.4%	0.4%	-1.8%	-0.4%	1.8%	1.7%	1.9%	1.7%	1.6%	1.8%	1.8%	1.3%	3.3%	4.9%	5.7%	7.3%	9.1%	9.07%
Internal Growth Rate	0.7%	0.8%	0.5%	0.1%	0.1%	—	—	0.5%	0.5%	0.5%	0.4%	0.4%	0.5%	0.5%	0.3%	0.9%	1.3%	1.4%	1.8%	2.1%	2.08%

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	2.07	1.14	0.96	2.28	-0.56	-3.32	-2.41	-4.92	-3.57	-3.31	-2.30	-0.62	6.01	5.86	6.68	5.49	1.02	2.04	-0.34	-1.15	-1.146
FCF/OCF	0.94	0.93	0.92	0.96	1.13	1.03	1.03	1.02	1.03	1.02	1.30	2.23	0.82	0.82	0.92	0.92	0.91	0.98	1.13	1.03	1.034
FCF/Net Income	snapshot only																				-1.185
OCF/EBITDA	snapshot only																				-0.918
CapEx/Revenue	3.7%	2.6%	2.6%	2.7%	2.4%	2.5%	2.1%	2.0%	2.3%	2.2%	20.2%	22.0%	32.2%	32.8%	15.9%	13.9%	3.4%	1.6%	1.5%	1.6%	1.56%
CapEx/Depreciation	snapshot only																				0.740
Accruals Ratio	-0.03	-0.00	0.00	-0.03	0.03	0.06	0.05	0.10	0.08	0.07	0.05	0.03	-0.09	-0.08	-0.09	-0.08	-0.00	-0.02	0.03	0.04	0.044
Sloan Accruals	snapshot only																				-0.310
Cash Flow Adequacy	snapshot only																				-29.119
Earnings Quality Score	snapshot only																				0.250

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	4.9%	4.4%	6.1%	7.0%	7.7%	6.5%	6.0%	4.1%	3.9%	4.2%	5.0%	5.3%	3.8%	4.4%	4.6%	3.7%	2.6%	1.3%	0.6%	0.0%	1.35%
Dividend/Share	$0.47	$0.43	$0.45	$0.52	$0.49	$0.44	$0.43	$0.29	$0.29	$0.32	$0.36	$0.34	$0.32	$0.35	$0.36	$0.29	$0.22	$0.11	$0.05	$0.00	$0.11
Payout Ratio	73.5%	69.5%	78.3%	94.9%	94.5%	1.3%	1.1%	69.4%	70.1%	71.6%	74.2%	74.5%	71.8%	72.7%	79.2%	52.6%	38.3%	20.1%	7.2%	0.0%	0.00%
FCF Payout Ratio	37.6%	65.2%	88.6%	43.2%	—	—	—	—	—	—	—	—	14.5%	15.2%	12.9%	10.4%	41.4%	10.1%	—	—	—
Total Payout Ratio	73.5%	69.5%	78.3%	94.9%	94.5%	1.3%	1.1%	69.4%	70.1%	71.6%	74.2%	74.5%	71.8%	72.7%	79.2%	64.6%	38.3%	31.4%	17.4%	0.0%	0.00%
Div. Increase Streak	1	1	1	0	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	—	—
Chowder Number	0.15	0.22	0.26	-0.01	0.19	0.21	0.17	-0.31	-0.26	-0.17	-0.12	0.25	0.21	0.10	0.09	-0.14	-0.28	-0.68	-0.87	—	—
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%	0.8%	0.0%	0.7%	0.9%	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%	0.8%	0.0%	0.7%	0.9%	0.0%	0.00%
Total Shareholder Return	4.9%	4.4%	6.1%	7.0%	7.7%	6.5%	6.0%	4.1%	3.9%	4.2%	5.0%	5.3%	3.8%	4.4%	4.6%	4.5%	2.6%	2.1%	1.5%	0.0%	0.00%

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)	0.84	0.85	0.86	0.88	0.90	0.96	0.93	0.91	0.91	0.86	0.85	0.83	0.83	0.84	0.86	0.85	0.83	0.83	0.82	0.81	0.808
Interest Burden (EBT/EBIT)	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	1.04	1.05	1.04	1.04	1.036
EBIT Margin	0.38	0.41	0.39	0.38	0.36	0.28	0.29	0.29	0.28	0.33	0.35	0.35	0.36	0.36	0.35	0.39	0.42	0.38	0.40	0.47	0.473
Asset Turnover	0.08	0.07	0.07	0.06	0.06	0.05	0.06	0.06	0.07	0.06	0.06	0.05	0.06	0.05	0.05	0.05	0.06	0.05	0.05	0.05	0.052
Equity Multiplier	4.05	4.26	4.18	3.69	3.71	4.06	3.99	3.59	3.46	3.84	3.89	3.93	3.76	3.92	3.90	3.90	4.00	4.12	4.23	4.44	4.440

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)	$0.64	$0.62	$0.58	$0.55	$0.52	$0.33	$0.40	$0.41	$0.42	$0.44	$0.49	$0.46	$0.45	$0.49	$0.45	$0.54	$0.56	$0.57	$0.64	$0.69	$0.69
Book Value/Share	$6.40	$6.10	$6.46	$8.17	$8.30	$7.10	$7.21	$7.25	$7.29	$6.76	$7.70	$7.59	$7.20	$7.58	$7.59	$7.96	$7.15	$8.22	$8.28	$7.87	$8.57
Tangible Book/Share	$6.30	$6.02	$6.37	$8.09	$8.21	$7.02	$7.14	$7.18	$7.22	$6.70	$7.63	$7.52	$7.13	$7.51	$7.52	$7.89	$7.09	$8.16	$8.22	$7.82	$7.82
Revenue/Share	$1.98	$1.78	$1.71	$1.66	$1.61	$1.24	$1.50	$1.55	$1.62	$1.53	$1.65	$1.60	$1.49	$1.59	$1.50	$1.62	$1.56	$1.75	$1.87	$1.74	$1.89
FCF/Share	$1.25	$0.66	$0.51	$1.20	$-0.33	$-1.11	$-0.99	$-2.07	$-1.53	$-1.49	$-1.45	$-0.64	$2.22	$2.34	$2.77	$2.75	$0.52	$1.14	$-0.25	$-0.82	$-0.89
OCF/Share	$1.32	$0.71	$0.56	$1.25	$-0.29	$-1.08	$-0.96	$-2.03	$-1.49	$-1.46	$-1.12	$-0.29	$2.70	$2.86	$3.01	$2.98	$0.57	$1.17	$-0.22	$-0.79	$-0.86
Cash/Share	$10.47	$1.56	$10.28	$10.07	$8.66	$0.93	$9.38	$9.16	$8.65	$8.62	$9.80	$1.54	$1.25	$12.29	$11.88	$12.52	$0.86	$1.06	$1.22	$0.79	$0.86
EBITDA/Share	$0.76	$0.73	$0.67	$0.63	$0.58	$0.34	$0.43	$0.45	$0.46	$0.51	$0.57	$0.56	$0.54	$0.58	$0.53	$0.64	$0.65	$0.67	$0.77	$0.86	$0.86
Debt/Share	$9.27	$9.48	$9.21	$7.08	$7.22	$7.83	$7.27	$7.90	$12.66	$8.84	$16.45	$9.82	$13.32	$5.11	$6.63	$9.19	$14.53	$18.76	$19.79	$19.80	$19.80
Net Debt/Share	$-1.20	$7.92	$-1.08	$-2.99	$-1.44	$6.90	$-2.11	$-1.25	$4.01	$0.22	$6.64	$8.28	$12.07	$-7.18	$-5.25	$-3.33	$13.67	$17.70	$18.56	$19.01	$19.01

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.228
Altman Z-Prime	snapshot only																				-0.105
Piotroski F-Score	6	5	4	6	4	3	3	1	4	4	5	2	5	6	4	8	7	5	5	2	2
Beneish M-Score	-3.87	-0.25	-3.52	-3.46	-3.30	23.43	-1.18	-2.53	-1.96	-2.84	53.60	-2.25	4.50	-3.50	-4.04	-3.67	-1.97	76.27	75.29	19.05	19.049
Ohlson O-Score	snapshot only																				-6.889
Net-Net WC	snapshot only																				$-20.99
EVA	snapshot only																				$-10677165607.93

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																				B+
Credit Score	31.90	29.26	28.23	32.08	28.77	24.18	27.46	27.08	26.34	26.87	24.69	27.04	17.96	35.18	32.70	34.45	21.58	22.66	31.23	30.20	30.199
Credit Grade	snapshot only																				14
Credit Trend	snapshot only																				-4.251
Implied Spread (bps)	snapshot only																				650.000
Industry Credit Rank	snapshot only																				20
Sector Credit Rank	snapshot only																				12

601108.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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